More Stories

Informist, Wednesday, Jul. 9, 2025

By Shreya Shetty

MUMBAI – Futures contracts of all three spices rose on the National Commodity and Derivatives Exchange Tuesday. Prices of turmeric rose because of short-covering, while those of jeera rose on renewed buying interest. Prices of coriander rose tracking a firm trend in the spot market, traders said.

The most-active August contract of TURMERIC rose 0.9% to INR 13,296 per 100 kg owing to short-covering and a rise in demand at lower prices, analysts at SMC Global Securities said. Factors such as an empty supply pipeline and prospects of lower production are expected to support prices in the medium term, the broking firm said. A potential recovery in demand is predicted from August, which is likely to support prices as well, it added.

Initial estimates suggest a 15-20% increase in turmeric acreage in the crop year 2025-26 (Jul-Jun) as farmers move away from other crops with lower profit margins, Kedia Advisory said. However, the yield in key growing regions such as Nanded in Maharashtra is likely to take a hit as small rhizomes and crop rot weigh on productivity, it said.

The most-active August contract of JEERA rose 0.5% to INR 19,655 per 100 kg, supported by renewed buying interest, SMC Global said. However, the rise in prices could be limited as the market is currently witnessing a corrective phase, largely attributed to profit-taking and heightened selling pressure from farmers, the brokerage said.

Prices also rose on renewed export demand, Kedia Advisory said. Production shortfalls in other key jeera-growing countries such as Syria, Turkey, and Afghanistan due to adverse weather conditions could limit global supply, potentially supporting Indian exports, it added.

The most-active August contract of CORIANDER was up 2.4% at INR 7,520 per 100 kg as speculators increased their holdings, tracking a firm trend in the spot market, SMC Global said. Prices were also supported by restricted supplies from key coriander-producing regions in the country, which lent support to overall market sentiment.

End

Edited by Rajeev Pai

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 (22) 6985-4000

Send comments to feedback@informistmedia.com

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