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Informist, Wednesday, Jul. 30, 2025

By Shreya Shetty

MUMBAI – Futures contracts of all spices on the National Commodity and Derivatives Exchange rose on Wednesday. Futures of turmeric rose due to short covering, while prices of jeera rose due to higher buying interest at lower rates. Prices of coriander were up due to limited supply amid a rise in demand.

The most active August contract of TURMERIC was up 0.2% at INR 13,000 per 100 kg due to short covering following the recent decline in prices, analysts at SMC Global Securities said. However, factors such as higher arrivals and subdued demand are likely to limit the rise in prices, the analysts 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 rose nearly 1.0% to INR 18,990 per 100 kg due to a rise in buying interest at lower prices, SMC Global said. However, the rise in prices could be limited due to a drop in export demand. While production in competing countries such as China, Syria, Turkey, and Afghanistan has taken a hit due to adverse weather, supply concerns in these countries is not translating into robust demand for Indian jeera, Kedia Advisory said. India exported 45,142.95 tonnes of jeera in Apr-May, down 27% from the previous year, data from the Spices Board of India showed.

The most active August contract of CORIANDER was up 0.3% at INR 7,824 per 100 kg due to limited supply and rising demand from domestic processors and exporters, SMC Global said. Arrivals from key producing states such as Rajasthan, Madhya Pradesh, and Gujarat have declined significantly, the brokerage said. Given the current scenario, coriander prices are expected to remain firm in the short to medium term, with a potential rise of INR 100–INR 200 per 100 kg, it said.

End

Edited by Avishek Dutta

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