India Spices
Jeera, coriander up on concerns over lower output estimates
This story was originally published at 16:36 IST on 20 May 2025
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By Taniva Singha Roy
MUMBAI – Futures contracts of all spices rose on the National Commodity and Derivatives Exchange on Tuesday. Jeera and coriander prices rose due to concerns over lower output estimates. Turmeric prices were up because of lower carryover stock along with a weak production outlook, according to analysts at SMC Global Securities.
At 1533 IST, the most-active June TURMERIC contract was up nearly 1.2% at INR 14,748 per 100 kg due to lower crop estimates, reduced carryover stocks, and a 16% on-year rise in turmeric exports to 152,000 tonnes during Apr–Jan, SMC Global Securities said. However, sluggish domestic demand could weigh on prices, the brokerage said.
At 1523 IST, the most-active June CORIANDER contract was 0.4% higher at INR 7,152 per 100 kg due to concern over lower production, SMC Global Securities said. On the other hand, a drastic fall in spot prices due to weak local and export demand could weigh on prices, the brokerage noted.
At 1525 IST, the most-active June contract of JEERA was up nearly 1% at INR 21,255 per 100 kilogram due to a weak production outlook and as farmers are holding back stocks in anticipation of a rise in prices, analysts at SMC Global Securities said. However, need based buying and lower prices in the spot markets could support prices, the brokerage firm said. Concerns over crop losses in Gujarat and Rajasthan amid already low sowing acreage could support prices, it added.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Jun | NCDEX | 100 | 7,152 | 28 |
Jeera Jun | NCDEX | 100 | 21,255 | 15 |
Turmeric Jun | NCDEX | 100 | 14,710 | 174 |
End
Edited by Vandana Hingorani
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