India Spices
Most up; jeera up on renewed buying interest at lower levels
This story was originally published at 15:55 IST on 24 June 2025
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By Pallavi Singhal
NEW DELHI – Futures contracts of jeera and coriander rose on the National Commodity and Derivatives Exchange on Tuesday following the announcement of a ceasefire between Israel and Iran, which led to expectations of a rise in export demand, Alok Pandey, analyst at SMC Global Securities, said. Coriander prices were also up as market sentiment improved, Pandey said. Turmeric prices were steady after recovering from lower levels on emergence of demand. Jeera rose on renewed buying interest at lower levels, he said.
The most-active August contract of TURMERIC was steady at INR 14,390 per 100 kg, after prices recovered from lower levels due to emergence of demand. Analysts at SMC Global Securities see prices supported by the ceasefire between Israel and Iran. The brokerage firm expects prices to stay elevated in the long term due to depleted inventories and tight supply because of lower crop production.
The most-active July contract of JEERA rose 0.3% to INR 19,205 per 100 kg. According to Pandey, jeera prices have risen sharply over the past two days, driven by renewed buying interest at lower levels. A fall in jeera production, which is estimated to be down 19% on year, may also be driving the rise in prices. Furthermore, expectations of rise in export demand following a ceasefire between Israel and Iran has improved market sentiment, he said.
The most-active July contract of CORIANDER rose 0.6% to INR 7,118 per 100 kg on improved market sentiment, said Pandey. However, selling pressure is likely to continue, weighing on prices as carry-over stocks remain abundant, he said.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Jul | NCDEX | 100 | 7,118 | 40 |
Jeera Jul | NCDEX | 100 | 19,205 | 65 |
Turmeric Aug | NCDEX | 100 | 14,390 | 2 |
End
Edited by Ashish Shirke
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