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Informist, Monday, Aug. 11, 2025

By Pallavi Singhal

NEW DELHI – Futures contract of jeera were up while those of coriander and turmeric fell on the National Commodity and Derivatives Exchange on Monday. While jeera prices rose on seasonal demand, those of coriander fell on a wait and watch policy for more clarity on prices, analysts said. Turmeric futures have been falling on higher arrivals in domestic markets, analysts said.

The most active August contract of TURMERIC fell 1% to INR 12,900 per 100 kilograms due to higher arrivals and subdued demand in physical markets, analysts said. Farmers have accelerated offloading of stocks amid expectation of higher acreage following favourable rainfall in key growing regions, adding to the pressure on prices, analysts said. Notably, market had witnessed an abrupt spike in recent past over renewed demand from processing units amid seasonal buying interest.

In the medium to long term, analysts at SMC Global see turmeric prices firm, supported by constrained supply conditions and depleted inventories across the supply chain.

The most active August contract of JEERA rose 0.4% to INR 18,910 per 100 kg due to a rise in buying interest on seasonal demand, SMC Global said. Prices had remained under pressure for a prolonged period due to muted demand and steady arrivals across major markets like Unjha, Rajkot, and Gondal. As jeera prices are currently at lower levels, seasonal demand may push up the prices for the time being, despite the eased supply side, they said. 

The most active August contract of CORIANDER was down 0.1% at INR 7,820 per 100 kg as as traders were cautious at elevated price levels following the recent gains, SMC Global said.

Notably, market has witnessed a robust jump in prices in the recent past supported by limited supply and rising demand from processors and exporters. Considering the current market conditions, prices are expected to stay firm in the short to medium term, according to the brokerage. However, in the longer run, prices may face downward pressure as traders may start offloading their stocks to capitalise on higher rates, coupled with likely resistance from buyers at elevated price points, the brokerage added.

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Edited by Vandana Hingorani

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