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Informist, Friday, Jul. 18, 2025

By Pallavi Singhal

NEW DELHI – Futures contracts of jeera and coriander gained on the National Commodity and Derivatives Exchange Friday while turmeric traded flat. Jeera prices rose on the back of seasonal demand and increased buying at lower levels. Prices of coriander increased due to depleting old stock and traders' reluctance to release new supplies, analysts said.

The most-active August contract of TURMERIC remained steady at INR 13,312 per 100 kilograms on limited trading activities, analysts at SMC Global Securities said. Turmeric prices remained flat due to increased arrivals and subdued buying interest from processing units, which are reportedly purchasing only to meet daily requirements, analysts said. Growers have stepped up stock offloading in anticipation of higher crop coverage this year, adding further pressure on prices. The market is likely to stay under pressure until demand from millers and processors picks up, as they are currently operating with lower stock levels. However, prices are expected to remain elevated in the medium to long term, supported by an empty pipeline and tight supply conditions, they said.

The most-active August contract of JEERA rose 0.2% to INR 19,585 per 100 kg, driven by seasonal demand. Prices moved higher as buying activities returned at lower levels following the recent decline, SMC analysts said. Under the prevailing market conditions, prices are expected to face strong resistance around INR 20,600 per 100 kg to INR 20,700 per 100 kg levels, they said. 

The most-active August contract of CORIANDER was up 0.4% to INR 7,650 per 100 kg, over depleting old stocks and traders' unwillingness to offload new stocks at current levels to get more remunerative prices, analysts said. Based on current factors, such as strong domestic demand and declining arrivals, prices may increase by INR 200-INR 300 in the medium term, they said. As prices rise, stockists are likely to release their old inventories into the market for selling at elevated prices, which will cap price rally, SMC Global added.

End

Edited by Subhojit Sarkar

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