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Informist, Thursday, Aug. 28, 2025

 

By J. Navya Sruthi 

 

MUMBAI –  Futures contracts of jeera and coriander were down on the National Commodity and Derivatives Exchange Thursday due to weak demand, analysts said. However, the turmeric contracts were due to low arrivals in key domestic markets, they said.

 

The most-active October contract of TURMERIC was up 0.8% at INR 13,350 per 100 kilograms due to limited arrivals and nearly depleted stocks with farmers in Warangal in Telangana, Kedia Advisory said in a note. "At the Duggirala market (in Andhra Pradesh), fresh arrivals continue to draw strong buyer interest, with new stock commanding higher prices over older inventory due to better quality."

 

However, prospects of higher turmeric production in kharif 2025 are likely to weigh on prices. Preliminary estimates suggest a 15–20% increase in turmeric sowing this kharif season, as farmers are opting for turmeric over other crops with lower profitability, analysts said. Support for turmeric prices is seen at INR 13,160 per 100 kg and resistance at INR 13,630 per 100 kg.

 

The most-active September contract of JEERA fell 1.1% to INR 19,260 per 100 kg due to weak export and domestic demand, analysts said. "Traders noted that the decline was largely due to subdued overseas interest, as foreign buyers remain inactive despite geopolitical disruptions in key producing regions such as Syria, Turkey, and Afghanistan," Kedia Advisory said.

 

Moreover, the hefty carryover stocks also weighed on the price of the spice, SMC Global said. Around 300,000–400,000 bags of the spice are expected to be traded by the end of the season, leaving a sizable carry-forward stock of around 1.6 million bags, according to Kedia Advisory.

 

India's total jeera exports in 2025-26 (Apr-Mar) are estimated at around 185,000 tonnes, down from 212,500 tonnes in FY25, according to SMC Global. A rise in selling pressure is also weighing on prices, the brokerage said. In the long term, support for jeera prices is seen at INR 18,860 per 100 kg and resistance at INR 19,860 per 100 kg.

 

The most-active September contract of CORIANDER was down 0.5% at INR 8,050 per 100 kg due to subdued buying interest at higher levels, SMC Global said. Support for coriander prices in the long term is seen at INR 7,930 per 100 kg, with resistance at INR 8,240 per 100 kg.

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Sept	NCDEX	100	8,050	(-)40
Jeera Sept	NCDEX	100	19,260	(-)205
Turmeric Oct	NCDEX	100	13,350	108

 

End

 

Edited by Saji George Titus

 

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