India Spices
All down; corianader down on subdued demand, lower spot prices
This story was originally published at 18:31 IST on 8 May 2025
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By Taniva Singha Roy
MUMBAI – Futures contracts of all spices fell on the National Commodity and Derivatives Exchange on Thursday. Coriander prices declined due to lower buying interest and a decline in spot market prices, while jeera and turmeric prices fell due to sluggish demand, according to analysts at SMC Global Securities.
The most-active May contract of CORIANDER fell 2.3% to INR 7,174 per 100 kg due to lower buying interest and a decline in spot market prices, according to SMC Global Securities. However, concerns about lower production could support prices, the brokerage said.
The most-active May contract of JEERA fell 1.1% to INR 21,485 per 100 kg on lower export demand, according to SMC Global Securities. However, farmers are holding stocks back in anticipation of prices rising, which could provide some support to prices, it said. Active demand from millers also could support prices, the brokerage said. Concerns of crop losses in Gujarat and Rajasthan amid already lower sowing area could also help prices firm up, it added.
The most-active May contract of TURMERIC declined 1.1% to INR 13,852 per 100 kg due to sluggish domestic demand, according to SMC Global Securities. But lower crop estimates and reduced carryover stocks could support prices. Higher exports could also support prices, the brokerage said. India's turmeric exports in Apr-Jan rose 16% on year to 152,000 tonnes.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Jun | NCDEX | 100 | 7,174 | (-)166 |
Jeera Jun | NCDEX | 100 | 21,485 | (-)230 |
Turmeric Jun | NCDEX | 100 | 13,852 | (-)148 |
End
Edited by Saji George Titus
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