More Stories

Informist, Wednesday, Jun. 18, 2025

By Pallavi Singhal

NEW DELHI – Futures contracts of coriander and jeera rose on the National Commodity and Derivatives Exchange on Wednesday, while those of turmeric fell. Prices of turmeric continued to be weighed down by the escalating geopolitical tensions between Israel and Iran, as West Asia is a key importer of Indian spices. Jeera prices rose due to the possibility of a fall in production in the crop year starting July and coriander prices increased on higher demand in the physical markets.

The most-active August contract of TURMERIC fell 0.7% to INR 14,342 per 100 kilograms as the conflict between Israel and Iran entered its sixth day, dampening broader market sentiment. West Asia is a key importer of Indian spices and the tensions there could lead to a drop in demand, traders said.

However, a sharp fall in prices is likely to be limited as arrivals remain below-average in major producing states of Telangana, Andhra Pradesh, and Maharashtra due to lower output in the crop year ending June, analysts at SMC Global Securities said.

The most-active July contract of JEERA rose 0.4% to INR 19,375 per 100 kg as fears of a slowdown in exports due to the Israel-Iran conflict were offset by the likelihood of a drop in production in the upcoming crop year. Jeera production is estimated to drop 19% to 724,000 tonnes in 2025-26 (Jul-Jun), SMG Global said. Competitive jeera prices may support upward sentiment as its demand in the export market increases, the brokerage said. However, new crop arrivals in China may continue to cap any significant upside in prices, they added. 

The most-active July contract of CORIANDER was up nearly 0.1% at INR 7,030 per 100 kg on higher demand in the physical markets. Reports of a fall in coriander output in the upcoming crop year may also support the upward movement, the brokerage said. However, the brokerage sees prices remaining range-bound as market sentiment continues to be weighed down by ample carry-over stocks. Moreover, fears of a demand slowdown because of the conflict in West Asia may also adversely affect prices, the brokerage said.  

End

Edited by Saji George Titus

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.