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Informist, Friday, Aug. 29, 2025

By Shreya Shetty

MUMBAI – Futures contracts of jeera and coriander fell while those of turmeric rose on the National Commodity and Derivatives Exchange on Friday. Prices of turmeric rose due to depleting supplies in key spot markets. Prices of jeera fell because of ample carry-over stocks and selling pressure while those of coriander declined on profit booking.

The most-active October contract of TURMERIC was up 0.3% at INR 13,298 per 100 kilograms due to tight stocks and depleted supplies in key producing regions such as Warangal in Telangana, Kedia Advisory said in a note. Arrivals have been absent in the past two days, with farmers holding limited inventory, keeping market sentiment firm, Kedia Advisory said.

However, the upside in prices could be limited due to a rise in acreage in the ongoing kharif season. Preliminary estimates suggest a 15–20% increase in sowing this season, as farmers are opting for turmeric due to its higher profitability compared to other crops, Kedia Advisory said. Additionally, crop conditions in Andhra Pradesh and Telangana remain satisfactory, raising hopes of improved yield, analysts at SMC Global said. However, weather conditions in September will be a key factor in shaping price direction, they said.

The most-active September contract of JEERA fell nearly 0.2% to INR 19,290 per 100 kg due to huge carryover stocks and persistent selling pressure, SMC Global said. Around 300,000–400,000 bags of the spice are expected to be traded by the season's end, leaving a sizeable carry-forward stock of around 1.6 million bags, Kedia Advisory said. The conclusion of the retail season and subdued foreign buying activity have also kept market sentiment under pressure, as per Kedia Advisory. 

The most-active October contract of CORIANDER was down 0.6% at INR 7,990 per 100 kg due to profit booking, as prices had risen beyond the INR 8,000 per 100 kg level in the past few days, SMC Global said. Prices also fell as speculators reduced their positions amid weak demand in the spot market, market analysts said.

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Edited by Subhojit Sarkar

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