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Informist, Tuesday, Jul. 29, 2025

By Pallavi Singhal

NEW DELHI – Futures contracts of all spices on the National Commodity and Derivatives Exchange rose on Tuesday. While turmeric prices rose due to concern about untimely rains affecting crop yields, coriander gained on strong demand and reduced supply in key spot markets, according to analysts. Jeera was up after a recent decline in prices spurred buying at lower levels.

As of 1445 IST, the most actively traded August contract of TURMERIC was up 0.7% at INR 12,992 per 100 kilograms, after reports of untimely rains affecting crop quality emerged, according to analysts. Regions like Nanded in Maharashtra are witnessing smaller rhizomes and crop rots, Kedia Advisory said in a note. Yields are expected to decline 10–15%, it said. "Despite the expected increase in acreage, market sentiment remains supported by steady trade activity and lower output projections," it added. Prices could also have risen on seasonal demand, as per analysts at SMC Global. 

At 1450 IST, the most active August contract of JEERA was up 0.6% at INR 18,775 per 100 kg after a recent decline in prices spurred buying at lower levels, analysts said. Jeera prices have slid by almost INR 1500 per kg since the end of June.

Meanwhile, despite expectations of a rise in seasonal demand, abundant stocks are likely to prevent any significant upside, SMC said. However, global demand may see a rise, which will support prices. Exports of jeera in May rose 11.26% from a year ago and were up 17.68% on-month from April, indicating some recovery, Kedia advisory said. 

At 1455 IST, the most active August contract of CORIANDER was up 0.7% at INR 7,830 per 100 kg due to limited supply and rising demand from domestic processors and exporters. Arrivals from key producing states like Rajasthan, Madhya Pradesh, and Gujarat have significantly declined. Based on current factors such as good domestic demand and declining arrivals, prices may move up by INR 100-INR 200, SMC Global said. However, in the longer run, prices may face downward pressure as traders may start offloading their stocks to capitalise on higher rates, they said.  

End

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

Edited by Avishek Dutta

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