India Spices
Jeera, coriander down on West Asia crisis; turmeric up
This story was originally published at 16:59 IST on 20 June 2025
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By Pallavi Singhal
NEW DELHI – Futures contracts of coriander and jeera fell on the National Commodity and Derivatives Exchange on Friday while those of turmeric rose marginally. Prices of jeera and coriander fell due to the worsening conflict between Israel and Iran. West Asian countries are key importers of Indian spices. Meanwhile, turmeric prices rose due to buying at lower prices, said Alok Pandey, analyst at SMC Global Securities.
After trading lower for the last six consecutive days, the most-active August contract of TURMERIC rose 0.2% to INR 14,190 per 100 kilograms. Analysts at SMC Global expect prices of turmeric to be weak in the near term due to the worsening West Asia crisis. However, according to the brokerage, prices are likely to rise in the long term, as supply is expected to tighten due to lower crop production.
The most-active July contract of JEERA fell 0.3% to INR 19,045 per 100 kg due to muted domestic demand and sluggish export inquiries. Selling by producers is also weighing on market sentiment, SMC Global said in a note. Geopolitical instability in West Asia, a key export destination, is expected to continue, dampening overseas demand in the near term. Moreover, fresh crop arrivals from China may act as an additional headwind, limiting any meaningful upside in prices, it added.
The most-active July contract of CORIANDER fell 0.2% to INR 7,010 per 100 kg as carry-over stocks remain abundant. Selling by farmers kept prices under pressure, the brokerage said. Additionally, rising geopolitical tensions in West Asia are expected to negatively impact export demand, according to SMC Global.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Jul | NCDEX | 100 | 7,010 | (-)20 |
Jeera Jul | NCDEX | 100 | 19,045 | (-)195 |
Turmeric Aug | NCDEX | 100 | 14,190 | 22 |
End
Edited by Nishant Maher
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