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Informist, Friday, Jul. 25, 2025

By Shreya Shetty

MUMBAI – Futures contracts of turmeric and jeera fell while those of coriander rose in the National Commodity and Derivatives Exchange on Friday. Futures of turmeric fell due to estimates of a rise in acreage in the ongoing crop year while prices of jeera declined due to a rise in selling pressure. Coriander prices rose due to firm demand and a fall in supply in key spot markets.

The most actively traded August contract of TURMERIC fell 0.8%, settling at INR 13,090 per 100 kilograms. Prices were pressured by expectations of increased acreage, driven by favourable monsoon conditions this sowing season, Kedia Advisory said in a note. Early estimates suggest turmeric acreage could expand 15–20% as farmers prefer turmeric over other crops due to better profitability prospects, Kedia Advisory said. In the ongoing crop year started June, the acreage under turmeric is projected at 330,000 hectares, up about 10% from 300,000 hectares last year, it said.

Farmers have begun offloading stocks in anticipation of higher acreage this year, adding to the pressure on prices, analysts at SMC Global Securities said. 

The most active August contract of JEERA fell 1.4% to INR 18,890 per 100 kg due a rise in selling pressure, SMC Global said. Despite expectations of a rise in seasonal demand, abundant stock availability is likely to limit any significant upside, the brokerage said. Prices also declined on weak export demand, Kedia Advisory said. 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 Apr–May fell 27% on year to 42,926 tonnes, data from the commerce ministry showed. 

The most active August contract of CORIANDER was up 0.6% at INR 7,718 per 100 kg due to firm demand in spot markets and restricted supplies in top-producing regions, market analysts said. Arrivals have reduced in major producing states such as Rajasthan, Madhya Pradesh, and Gujarat due to torrential rainfall, SMC Global said. 

End

Edited by Subhojit Sarkar

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