India Spices
All up; jeera rises on high exports, turmeric up on firm demand
This story was originally published at 19:15 IST on 9 June 2025
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By Taniva Singha Roy
MUMBAI – Futures contracts of all three spices on the National Commodity and Derivatives Exchange rose on Monday. Prices of jeera were up due to a rise in exports and prospects of a drop in production, according to SMC Global Securities. Prices of turmeric rose due to higher demand, while those of coriander rose due to renewed demand at lower price levels, the brokerage said.
The most-active July contract of JEERA rose 1.1% to INR 20,235 per 100 kilograms, supported by a rise in exports, according to analysts at SMC Global Securities. India exported 229,881.06 tonnes of jeera in 2024-25 (Apr-Mar), up 39% on year, according to data from the Spices Board of India. Prices were also supported by prospects of lower production as the upcoming crop year 2025-26 (Jul-Jun) draws closer, the brokerage said. Jeera production is estimated to drop 19% on year to 724,000 tonnes in 2025-26.
The most-active August contract of TURMERIC rose 1.1% to INR 15,080 per 100 kg, supported by a rise in demand amid lower arrivals, analysts at SMC Global Securities said. Arrivals dropped due to a fall in output, they said. Untimely rains, especially in key turmeric-growing regions such as Nanded, Maharashtra, have led to smaller rhizomes and instances of crop rot, with estimated yield losses of 10–15% this season, Kedia Advisory said.
The most-active July contract of CORIANDER was up more than 0.5% at INR 7,200 per 100 kg due to renewed buying interest at lower price levels, the brokerage said. However, the rise in prices could be limited as the overall market sentiment remains subdued amid weak local demand and ample carryover stocks from previous years, it said.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Jul | NCDEX | 100 | 7,200 | 38 |
Jeera Jul | NCDEX | 100 | 20,235 | 220 |
Turmeric Aug | NCDEX | 100 | 15,080 | 170 |
End
Edited by Tanima Banerjee
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