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Informist, Friday, Aug. 1, 2025

 

By Pallavi Singhal

 

NEW DELHI – Futures contracts of all spices on the National Commodity and Derivatives Exchange rose on Friday. Turmeric contracts rose on fear of crop loss due to untimely rains, while jeera rose due to higher buying interest at lower prices. Coriander was up due to limited supply amid a rise in demand.

 

The most active August contract of TURMERIC was up 3.66% at INR 13,240 per 100 kg on fears of crop loss. 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. 

 

The most active August contract of JEERA rose nearly 1.0% to INR 19,1650 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 7,770 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, resulting in consistently low daily inflows and tightening availability in mandis, the brokerage said. Given the current scenario, coriander prices are expected to remain firm, it said.

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Aug	NCDEX	100	7,770	22
Jeera Aug	NCDEX	100	19,165	175
Turmeric Aug	NCDEX	100	13,240	468

 

End

 

Edited by Vandana Hingorani

 

 

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