India Spices
Most up; turmeric gains 3% on expected loss in crop yield
This story was originally published at 19:35 IST on 13 August 2025
Register to read our real-time news.Informist, Wednesday, Aug. 13, 2025
By J. Navya Sruthi
MUMBAI – Futures contracts of most spices on the National Commodity and Derivatives Exchange ended higher on Wednesday. Turmeric prices rose nearly 3% from the previous day's close due to expected loss in crop yields and firm demand, analysts said.
The most-active October contract of TURMERIC rose 2.6% to INR 13,500 per 100 kilograms due to firm demand and an an expected drop in crop yields, Kedia Advisory said in a note. "New crop yields are expected to be 10–15% lower (on year), particularly in the Nanded region (in Maharashtra). In the Duggirala market (in Andhra Pradesh), fresh arrivals are enjoying strong buyer demand, with premium prices for new stock over older inventory, driven by superior quality."
The most-active August contract of CORIANDER was up over 1% at INR 8,048 per 100 kg because of limited supply and growing demand from processors and exporters, 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, coupled with likely resistance from buyers at elevated price points, it added.
The most-active September contract of JEERA was steady from the previous close at INR 19,090 per 100 kg. "Currently, the market is under pressure from multiple factors, including selling at higher levels due to abundant domestic stocks and reports of a strong crop in China, where prices remain comparatively lower," SMC Global said.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Aug | NCDEX | 100 | 8,048 | 106 |
Jeera Sept | NCDEX | 100 | 19,090 | (-)10 |
Turmeric Oct | NCDEX | 100 | 13,500 | 342 |
End
Edited by Avishek Dutta
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