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Informist, Tuesday, Jul. 15, 2025

By Pallavi Singhal

NEW DELHI – Futures contracts of jeera fell while those of coriander and turmeric rose on the National Commodity and Derivatives Exchange Tuesday. Prices of jeera fell due to profit booking. Coriander prices rose tracking a rise in demand in the spot markets and low supplies, while those of turmeric were up on depleted supply pipeline and ongoing supply tightness.

The most-active August contract of TURMERIC was up 0.2% at INR 13,492 per 100 kilogram supported by a depleted supply pipeline and ongoing supply tightness, analysts at SMC Global Securities said. Looking ahead, market sentiment is expected to stay positive in the coming months, driven by anticipated seasonal demand starting from August, they added. 

Prices are likely to be supported in the long run on 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, according to Kedia Advisory. 

The most-active August contract of JEERA fell 0.2% to INR 19,610 per 100 kg, weighed down by profit booking and subdued buying interest, 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 are likely to limit any major upside in the near term, the brokerage said.

The most-active August contract of CORIANDER rose 0.3% 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 Vandana Hingorani 

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