India Spices
Most down; jeera prices up on prospects of firm export demand
This story was originally published at 21:15 IST on 12 June 2025
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By J. Navya Sruthi
MUMBAI – Futures contracts of most spices ended in red on the National Commodity and Derivatives Exchange on Thursday. Prices of jeera rose due to a positive outlook for exports. However, prices of coriander fell due to selling pressure, while those of turmeric fell owing to lower exports in March.
The most active July contract of JEERA rose 0.6% to INR 19,920 per 100 kg due to a renewed positive outlook for export demand, according to analysts at SMC Global Securities. "Jeera prices have turned competitive that will lead to rise in export demand in jeera. Jeera prices are likely to turn competitive, which will lead to a rise in export demand," SMC Global said. Currently, export enquiries are quite subdued, the brokerage said.
The most active August contract of TURMERIC down 0.2% to INR 14,840 per 100 kg as exports were down by 13% on year at 15,090 tonnes in March, analysts said. However, prices are expected to rise in the near-term due to low supply in domestic markets, they said.
The most active July contract of CORIANDER was down 0.7% at INR 7,034 per 100 kg due to a rise in selling pressure from farmers at elevated levels and subdued buying, the brokerage said. The market remains under pressure, weighed down by ample carry-over stocks held by the traders, the brokerage said. The medium-term price outlook appears bearish, with market participants expecting selling interest at higher price levels to continue, it said. Exports of coriander declined 44% on year to 60,323.05 tonnes in FY25, according to data from the Spices Board of India.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Jul | NCDEX | 100 | 7,034 | (-)52 |
Jeera Jul | NCDEX | 100 | 19,920 | 110 |
Turmeric Aug | NCDEX | 100 | 14,840 | (-)26 |
End
Edited by Deepshikha Bhardwaj
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