India Spices
Coriander up on concerns of lower output; jeera, turmeric down
This story was originally published at 20:27 IST on 14 May 2025
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By Taniva Singha Roy
MUMBAI – Futures contracts of coriander closed higher on the National Commodity and Derivatives Exchange on Wednesday and those of jeera and turmeric closed lower. Coriander prices rose due to concerns about lower production. On the other hand, turmeric prices fell due to sluggish domestic demand and jeera prices were down because of profit booking after rising sharply the previous day, according to analysts at SMC Global Securities.
The most-active June contract of CORIANDER was up 1.7% at INR 7,062 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.
The most-active June contract of JEERA fell 0.6% to INR 21,830 per 100 kg due to profit booking after a sharp rise the previous day, according to SMC Global Securities. However, farmers are holding back stocks in anticipation of rise in prices, which could provide some support, the broking firm said. Active demand from millers could also support prices, the brokerage said. Concerns about loss of crop in Gujarat and Rajasthan amid already lower sowing acreage could also help prices firm up, it added.
The most-active June contract of TURMERIC fell 0.3% to INR 14,480 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 | 7,062 | 118 |
Jeera Jun | NCDEX | 100 | 21,830 | (-)125 |
Turmeric Jun | NCDEX | 100 | 14,480 | (-)36 |
End
Edited by Ashish Shirke
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