India Spices
Jeera down on peak arrivals; turmeric, coriander steady
This story was originally published at 17:55 IST on 15 May 2025
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By Taniva Singha Roy
MUMBAI – Futures contracts of jeera fell on the National Commodity and Derivatives Exchange on Thursday, while those of coriander and turmeric were steady. Jeera prices were down because of peak arrivals and aggressive offloading by farmers, according to Kedia Advisory.
The most active June contract of TURMERIC was steady at INR 14,482 per 100 kg. However, due to sluggish domestic demand, prices could fall, said SMC Global Securities. On the other hand, 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.
The most active June contract of JEERA fell 0.3% to INR 21,800 per 100 kg due to peak arrivals and aggressive offloading by farmers, according to Kedia Advisory. Jeera arrivals peak during Mar-May, as it is the time when the crop sown during Oct-Nov is harvested and marketed. However, farmers are holding back stocks in anticipation of a 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 CORIANDER was steady at INR 7,080 per 100 kg. Concerns about lower production could support prices in the coming days, 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 | 7,080 | 2 |
Jeera Jun | NCDEX | 100 | 21,800 | (-)65 |
Turmeric Jun | NCDEX | 100 | 14,482 | (-)2 |
End
Edited by Deepshikha Bhardwaj
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