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Informist, Wednesday, Jun. 4, 2025

By Pallavi Singhal

NEW DELHI – Futures contracts of turmeric and coriander rose, while jeera fell on the National Commodity and Derivatives Exchange Wednesday. Turmeric prices rose on account of lower arrivals, while coriander prices increased on reports of weak production. Prices of jeera fell on subdued demand amid increasing selling pressure from farmers, according to analysts at SMC Global Securities.

The most-active June contract of TURMERIC was up 2.6% at INR 14,140 per 100 kg due to lower arrivals in producing regions on account of weak crop output last year. However, upside may be limited as sowing activities have commenced in key turmeric-producing regions such as Nanded and Sangli in Maharashtra following favourable southwest monsoon rains. The sowing is expected to conclude within the next 10–15 days in these areas, with a projected increase in coverage, the brokerage said. Market participants are expected to adopt a wait-and-watch approach until there is firm data on sowing, SMC Global said. 

The most-active June contract of JEERA was down over 2% to INR 19,830 per 100 kg, driven by subdued domestic demand, weak export enquiries, and increased selling by farmers. Farmers are reportedly offloading their stocks amid weak buying interest. Prices also fell as arrivals of the new crop are expected to increase with progress in harvesting, according to SMC Global. Moreover, new crop arrival from China is scheduled to commence from June, which will have some bearish impact on prices, it added. However, a lower crop estimate could limit the losses. 

The most-active June contract of CORIANDER was up 0.7% at INR 7,034 per 100 kg on reports of weaker production. Going forward, market direction will largely hinge on demand dynamics, which remain the key driver under prevailing conditions, the brokerage said. In the near term, coriander is likely to trade in the range of INR 6,890-INR 7,090 per 100 kg.

End

Edited by Saji George Titus

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