India Spices
Turmeric down on rise in selling pressure, subdued demand
This story was originally published at 15:40 IST on 23 July 2025
Register to read our real-time news.Informist, Wednesday, Jul. 23, 2025
By Shreya Shetty
MUMBAI – Futures contracts of all spices on the National Commodity and Derivatives Exchange fell on Wednesday. Futures of turmeric and coriander fell due to a rise in selling pressure. Prices of jeera fell due to weak domestic and export demand.
The most active August contract of TURMERIC was down 0.6% at INR 13,186 per 100 kg due to a rise in supply pressure and subdued demand from processing units, as they are only making need-based purchases, analysts at SMC Global Securities said. Farmers have begun offloading stocks in anticipation of higher acreage this year, adding to the pressure on prices, SMC Global said. Prices are expected to remain under pressure until demand from millers and processors picks up, as they are currently operating with limited inventories, the brokerage said.
The most active August contract of JEERA fell 0.4% to INR 19,210 per 100 kg due to weak domestic and export demand following the end of the retail season, Kedia Advisory said in a note. Supply concerns from other major producers such as Syria, Turkey, and Afghanistan are not translating into robust demand for Indian jeera, as export orders remain lukewarm, Kedia Advisory said. Jeera exports during April–May 2025 fell 27% on year to 42,926 tonnes, data from the commerce ministry showed.
The most active August contract of CORIANDER was down 0.8% at INR 7,702 per 100 kg due to a rise in supply. Sellers are offloading old stocks to take advantage of the higher prices, SMC Global said. However, the fall in prices could be limited due to firm demand for the spice in spot markets, analysts said.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Aug | NCDEX | 100 | 7,702 | (-)60 |
Jeera Aug | NCDEX | 100 | 19,210 | (-)75 |
Turmeric Aug | NCDEX | 100 | 13,186 | (-)76 |
End
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
