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Informist, Friday, Jun. 27, 2025

By Pallavi Singhal

NEW DELHI – Futures contracts of all three spices traded on the National Commodity and Derivatives Exchange rose Friday. Prices, in general, rose on hope of renewed export demand from West Asian countries following the ceasefire between Israel and Iran. Prices of jeera were up on continued buying amid lower arrivals. Prices of turmeric and coriander rose driven by short covering at lower levels, analysts at SMC Global securities said in a report.

The most-active August contract of TURMERIC rose 0.2% to INR 14,022 per 100 kilograms on short covering at lower levels, analysts at SMC Global Securities said. Strong market fundamentals, including an empty supply pipeline, are expected to provide support over the long term, the brokerage said. Moreover, the ceasefire between Israel and Iran is likely to have some positive impact on export demand, they said.

The most-active July contract of JEERA rose 1.1% to INR 20,075 per 100 kg, extending gains for the fourth straight session, supported by sustained buying interest amid lower arrivals, SMC Global said. Additionally, renewed optimism over export demand following the easing of tensions in West Asia is further bolstering the upward momentum, it said. If the buying continues in the upcoming sessions, prices may rise further but ample availability of stocks and selling at higher prices may cap gains, the brokerage said.

The most-active July contract of CORIANDER was up 0.7% at INR 7,124 per 100 kg due to short covering and fall in local arrivals, the brokerage said. The ceasefire in West Asia is likely to have some positive impact on export demand, it said.

However, the rise in prices could be limited due to large carryover stocks, the brokerage firm said. Going forward, market direction will largely depend on demand dynamics, it added.

End

Edited by Ashish Shirke

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