India Spices
All up; coriander rises on declining stocks, jeera up on demand
This story was originally published at 16:08 IST on 22 July 2025
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By Pallavi Singhal
NEW DELHI – Futures contracts of all spices rose Tuesday on the National Commodity and Derivatives Exchange. Futures contracts of jeera and coriander continued to rise due to firm demand. Analysts expect coriander prices to rise further amid tight supply but also warned that abundant availability of jeera is likely to cap the rise in prices.
TURMERIC futures contracts fell on NCDEX as traders bought the contract at lower prices, analysts at SMC Global Securities said. However, in the near term, traders expect the market to reel under pressure until demand from millers and processors revives, as they are reportedly running with lower stocks. At 1454 IST, the most-active August contract of turmeric, was up 0.4% at INR 13,278 per 100 kg. The brokerage sees turmeric prices moving in the range of INR 12,950-INR 13,750 per 100 kg for the day.
Prices of JEERA were up for the third consecutive day 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. The most-active August contract of jeera was up 0.1% at INR 19,345 per 100 kg. The contract is likely to face resistance at INR 19,910 per 100 kg, SMC Global said.
CORIANDER futures rose, supported by declining old stocks and traders' reluctance to release new stocks at current price levels, SMC Global said. Based on current factors like good domestic demand and declining arrivals, prices may move up by INR 200-INR 300 in the medium term, it added. The most-active August contract of coriander was up 0.4% to INR 7,756 per 100 kg.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Aug | NCDEX | 100 | 7,756 | 30 |
Jeera Aug | NCDEX | 100 | 19,345 | 25 |
Turmeric Aug | NCDEX | 100 | 13,278 | 66 |
End
Edited by Tanima Banerjee
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