India Spices
Coriander, jeera dn; turmeric rise on India-Pak ceasefire
This story was originally published at 18:25 IST on 13 May 2025
Register to read our real-time news.Informist, Tuesday, May 13, 2025
By Taniva Singha Roy
MUMBAI – Futures contracts of coriander and jeera fell on the National Commodity and Derivatives Exchange, while those of turmeric rose on Tuesday. Turmeric prices rose, buoyed by the ceasefire agreement between India and Pakistan, while coriander prices fell due to a sharp fall in spot market prices, according to analysts at SMC Global Securities.
The most-active May contract of CORIANDER fell 1.0% to INR 6,932 per 100 kg due to a drastic fall in spot prices amid weak export demand, according to analysts at SMC Global Securities. Spot prices fell in the Kota market, the brokerage said. However, concerns about lower crop output could support prices, it said.
The most-active June contract of JEERA fell 1.2% to INR 21,940 per 100 kg due to poor export demand, according to SMC Global Securities. However, farmers are holding stocks in anticipation of prices rising, which could provide some support to prices, it said. Active demand from millers could also 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 June contract of TURMERIC rose 3.4% to INR 14,598 per 100 kg, due to the ceasefire agreement between India and Pakistan, coupled with the trade deal between the US and China, according to SMC Global Securities. Lower crop estimates and reduced carryover stocks could support prices. Higher exports also boosted prices of the spice, the brokerage said. India's turmeric exports in Apr-Jan rose 16% on year to 152,000 tonnes. However, sluggish domestic demand could weigh on prices, according to SMC Global Securities.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Jun | NCDEX | 100 | 6,932 | (-)58 |
Jeera Jun | NCDEX | 100 | 21,940 | (-)255 |
Turmeric Jun | NCDEX | 100 | 14,598 | 482 |
End
Edited by Saji George Titus
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