India Spices
All up; coriander, jeera rise on lower production estimates
This story was originally published at 16:13 IST on 12 May 2025
Register to read our real-time news.Informist, Monday, May 12, 2025
By Taniva Singha Roy
MUMBAI – Futures contracts of all spices rose on the National Commodity and Derivatives Exchange Monday. Turmeric prices rose due to reduction in arrivals in the the spot markets, while jeera and coriander prices rose due to lower production estimates, according to analysts at SMC Global Securities.
At 1539 IST, the most-active June contract of TURMERIC was up 4% at INR 14,142 per 100 kg due to a fall in arrivals in the spot markets, according to analysts at SMC Global Securities. Lower crop estimates and reduced carryover stocks also supported prices. However, sluggish domestic demand capped the gains, the brokerage said. In the near term, turmeric is likely to trade in the range of INR 13,510-INR 14,310 per 100 kg.
At 1540 IST, the most-active June contract of JEERA was up 3.5% at INR 22,050 per 100 kg, influenced by estimated crop losses in Gujarat and Rajasthan, along with reduced acreage this season, according to SMC Global Securities. Farmers are holding stocks in anticipation of prices rising, which also provided some support to prices, the brokerage said. However, lower demand from key neighboring markets such as China, coupled with heightened geopolitical tensions between India and Pakistan, could weigh on prices, it said.
At 1541 IST, the most-active June contract of CORIANDER was up 1% at INR 7,000 per 100 kg, due to concerns about lower production, according to SMC Global Securities. However, drastic fall in spot prices amid weak local and export demand could weigh on prices, the brokerage said.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Jun | NCDEX | 100 | 7,000 | 56 |
Jeera Jun | NCDEX | 100 | 22,050 | 745 |
Turmeric Jun | NCDEX | 100 | 14,142 | 518 |
End
Edited by Tanima Banerjee
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
