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Informist, Tuesday, May 27, 2025

By Taniva Singha Roy

MUMBAI – Futures contracts of coriander rose, while those of jeera and turmeric fell on the National Commodity and Derivatives Exchange on Tuesday. Coriander prices rose due to a weaker prodution outlook, according to SMC Global Securities. On the other hand, jeera prices were down because of subdued domestic and export demand, while turmeric fell on expectation of robust sowing coverage this year, it said.

At 1516 IST, the most-active June contract of JEERA was down nearly 1% at INR 20,580 per 100 kg, primarily due to subdued domestic and export demand, according to SMC Global Securities. Farmers are reportedly offloading their stocks amid weak buying interest, it said. Moreover, arrivals of new crop from China, only need-based buying and lower prices in key spot markets like Unjha in Gujarat also weighed on prices, they said. Jeera arrivals typically peak during Mar-May following the harvest of crops sown in Oct–Nov. With harvest progressing, an increase in supply is expected, which could put pressure on prices.

However, concerns of a fall in production, farmers holding back their stocks in anticipation of a price recovery and active demand from millers could limit the losses, the brokerage firm said. 

At 1517 IST, the most-active June contract of TURMERIC was down 0.5% at INR 13,750 per 100 kg on expectation of robust sowing, SMC Global Securities said. Need-based buying amid increased arrivals and a fall in spot market prices also weighed on prices, according to SMC Global. Poor export demand also led to the fall in prices, it said. However, lower crop estimates, reduced carryover stocks, and a 16% on-year rise in turmeric exports to 152,000 tonnes during Apr–Jan could limit the fall in prices, according to the brokerage.

At 1518 IST, the most-active June contract of CORIANDER rose 0.1% to INR 7,038 per 100 kg due to a weaker production outlook, said analysts at SMC Global Securities. However, limited buying, and poor export demand could weigh on prices, it said. In the near term, coriander is likely to trade in the range of INR 6,880-INR 7,180 per 100 kg.

End

Edited by Vandana Hingorani

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