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Informist, Monday, Jul. 14, 2025

By Shreya Shetty

MUMBAI – Futures contracts of turmeric and jeera fell while those of coriander rose on the National Commodity and Derivatives Exchange Monday. Prices of turmeric and jeera fell due to profit booking. Prices of coriander rose tracking a rise in demand in the spot markets and low supplies.

The most active August contract of TURMERIC was down 0.2% at INR 13,492 per 100 kilogram due to profit booking after rising for three consecutive days, analysts at SMC Global Securities said. However, the anticipated seasonal demand from August is likely to limit the fall in prices, SMC Global said.

Prices could also be supported by estimates of a decline in output. Untimely rains could hamper productivity of the spice in the ongoing crop year (Jul-Jun), with early estimates pointing to a 10–15% decline in yields, especially in regions such as Nanded in Maharashtra where small rhizomes and crop rots are evident, Kedia Advisory said. 

The most active August contract of JEERA fell 0.5% to INR 19,610 per 100 kg, as prices saw a sharp correction driven by profit booking, SMC Global said. Prices had risen on projection of strong seasonal demand in the short term, the brokerage said. While seasonal demand is expected to lend support, abundant availability and a rise in selling pressure due to attractive higher prices are likely to limit any major upside in the near term, the brokerage firm said.

The most active August contract of CORIANDER rose 0.9% to INR 7,600 per 100 kg tracking a firm trend in the spot market and due to restricted supplies from top producing regions, market analysts said. However, the medium-term outlook for coriander prices seems bearish, as persistently elevated prices may prompt sellers to offload stocks to take advantage of the higher rates, SMC Global said.

End

Edited by Subhojit Sarkar

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