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Informist, Monday, Jul. 28, 2025

By Pallavi Singhal

NEW DELHI – Futures contracts of turmeric and jeera fell while those of coriander rose on the National Commodity and Derivatives Exchange on Monday. Turmeric prices fell amid expectation of increased acreage in the current crop year and jeera declined due to rising selling pressure. In contrast, coriander gained on strong demand and reduced supply in key spot markets, according to analysts.

As of 1445 IST, the most actively traded August contract of TURMERIC was down 0.1% at INR 12,950 per 100 kilograms, weighed by increased arrivals and weak demand from processing units. Prices also faced pressure from expectations of higher acreage, supported by favourable monsoon conditions during sowing. Early estimates suggest turmeric acreage could expand 15–20% as farmers prefer it 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.

However, prices are expected to remain elevated in the medium to long term, supported by an empty pipeline and tight supply conditions. Expected seasonal demand from August is also likely to support the market, SMC Global said in a note.

At 1450 IST, the most active August contract of JEERA was down 0.5% to INR 18,695 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.

At 1455 IST, the most active August contract of CORIANDER was up 0.7% at INR 7,788 per 100 kg due to firm demand at key spot markets in Rajasthan, Madhya Pradesh, and Gujarat due to rains and restricted supplies in top-producing regions, market analysts said. Based on current factors such as good domestic demand and declining arrivals, prices may move up by INR 200-300, SMC Global said. However, selling intention of old stocks at higher levels may have cap this rally, they said.  

End

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

Edited by Subhojit Sarkar

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