More Stories

Informist, Thursday, Jul. 10, 2025

By Shreya Shetty

MUMBAI – Futures contracts of all three spices rose on the National Commodity and Derivatives Exchange on Thursday. Prices of turmeric rose because of short-covering, while those of jeera rose on renewed export demand. Prices of coriander rose due to a rise in demand in spot markets owing to a fall in supply.

The most-active August contract of TURMERIC was up 0.7% at INR 13,382 per 100 kg, rising for the second consecutive day. Prices were supported by short-covering after estimates of a rise in acreage due to favourable monsoon rainfall had triggered a weakness in prices previously, Kedia Advisory said. Factors such as an empty supply pipeline and prospects of lower production are expected to support prices in the medium term, analysts at SMC Global Securities said. 

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 1.2% to INR 20,080 per 100 kg, because of a renewal in 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. These countries are likely to produce only 9,000-12,000 tonnes of jeera each, which could lead them to turn to India to make up for their shortfalls, it said.

The most-active August contract of CORIANDER was up 0.3% at INR 7,464 per 100 kg, rising for a second consecutive day as prices tracked a rise in demand for the spice in spot markets, SMC Global said. Supplies in key coriander-producing regions are low, leading to speculators increasing their holdings on hopes of a further rise in prices, the brokerage said.

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.