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Informist, Thursday, Aug. 21, 2025

 

By Pallavi Singhal

 

NEW DELHI – Futures contracts of coriander and jeera rose and those of turmeric fell on the National Commodity and Derivatives Exchange Thursday. While prices of coriander rose due to tight supply, those of jeera were up due to short covering, according to analysts. Prices of turmeric fell due to profit booking, they said. 

 

The most-active October contract of TURMERIC was down 0.7% at INR 13,334 per 100 kilograms on profit booking after prices rose for two consecutive days, analysts at SMC Global said. Prices, however, are likely to rise due to an increase in industrial and seasonal demand, analysts at SMC Global Securities said. 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 15–20% as other crops offer lower profitability, Kedia advisory said in a note.

 

The most-active September contract of JEERA rose 0.4% to INR 19,495 per 100 kg on short covering, recovering from earlier losses driven by weak domestic and export demand, Kedia advisory said in a note. Moreover, comfortable supplies and subdued overseas demand continue to weigh on sentiment, with existing stock levels sufficient to meet current requirements. Farmers are reported to still hold about 2 million bags of cumin, but only 300,000–400,000 bags are expected to be traded by season's end, leaving a sizeable carry-forward stock of around 1.6 million bags, the brokerage said. 

 

The most-active September contract of CORIANDER was up 0.2% at INR 7,956 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. However, in the longer run, upside may be restricted as selling pressure may emerge as traders look to book profits at higher levels, while buyers are likely to resist elevated price points, it said.

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Sept	NCDEX	100	7,956	18
Jeera Sept	NCDEX	100	19,495	80
Turmeric Oct	NCDEX	100	13,334	(-)92

 

End

 

 

Edited by Akul Nishant Akhoury

 

 

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