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Informist, Tuesday, Aug. 19, 2025

 

By Pallavi Singhal

 

NEW DELHI – Futures contracts of all the spices rose on the National Commodity and Derivatives Exchange Tuesday. While turmeric and coriander prices have been rising due to tight supplies, those of jeera were up on short covering after the recent fall because of low domestic and export demand, according to analysts.

 

The most-active October contract of TURMERIC was up 0.8% at INR 13,336 per 100 kg on tight supplies as stocks held by farmers in Warangal, Telangana, have nearly exhausted, and no fresh arrivals have been reported in the past two days, Kedia Advisory said in a note. Prices have also risen due to rise in industrial and seasonal demand, analysts at SMC Global Securities said. Moreover, lower inflows coupled with cautious selling are supporting the market.

 

However, the upside remains capped due to increased acreage, aided by favourable weather in the current sowing season. Dry weather is helping in timely planting and early estimates suggest turmeric acreage could rise by 15–20% as other crops offer lower profitability, Kedia said.

 

The most-active September contract of JEERA rose 0.9% to INR 19,400 per 100 kg due to short covering after the recent decline in prices driven by weak domestic and export demand, Kedia Advisory said. Prices are unlikely to rise further because of subdued market sentiment as foreign buyers are likely to stay inactive and existing stocks comfortably meet needs of the limited export business, the brokerage said.

 

The most-active September contract of CORIANDER was up 0.3% at INR 7,800 per 100 kg due to limited supply and rising demand from processors and exporters, according to SMC Global. Prices are expected to be firm in the range of INR 7,710-INR 7,850 per 100 kg in the short term as the market is likely to adopt a wait-and-watch approach after the recent rise in prices, it said.

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Sept	NCDEX	100	7,800	24
Jeera Sept	NCDEX	100	19,400	165
Turmeric Oct	NCDEX	100	13,336	110

 

End

 

Edited by Nishant Maher

 

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