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Informist, Monday, Jul. 21, 2025

By Afra Abubacker

NEW DELHI – Futures contracts of turmeric fell on the National Commodity and Derivatives Exchange Monday on increased supply and muted demand. Futures contracts of jeera and coriander continued to rise on firm demand. Analysts expect coriander prices to rise further amid tight supply but warn that abundant availability of jeera is likely to put a cap on its price.

TURMERIC futures contracts fell on NCDEX amid increased pressure from arrivals and muted demand from processors, SMC Global Securities said. Major buyers have reduced their purchases amid expectations of a further decline in the spice's price. Farmers, meanwhile, are offloading stocks in anticipation of a higher crop area this year.

"Market is likely to reel under pressure until demand from millers and processors revives, as they are reportedly running with lower stocks," SMC Global said. Turmeric prices are likely to move in the range of INR 12,960-INR 13,700 per 100 kg for the day, they added. At 1612 IST, the most-active August contract of turmeric was down 1% at INR 13,236 per 100 kg. 

Prices of JEERA rose on the domestic bourse after a recent decline in prices spurred buying at lower levels. "While seasonal demand is expected to provide some support, abundant availability and rising selling pressure at higher price levels are likely to limit any significant upside in the near term," SMC Global said. At 1612 IST, the most-active August contract of jeera was up 0.5% at INR 19,670 per 100 kg. The contract is likely to face resistance at INR 19,940 per 100 kg, SMC Global said.

CORIANDER futures rose more amid tight supply and firm demand. Traders are reluctant to release new stocks at current price levels, as they anticipate better returns in the future, SMC Global said.

While analysts do not see an abrupt rally in coriander prices, they expect prices to gradually rise by INR 200-INR 300 per 100 kg in the medium term. At 1640 IST, the most-active August contract of coriander was up 1.2% to INR 7,732 per 100 kg.

End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Nishant Maher

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