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Informist, Monday, Sept. 1, 2025

 

By Shreya Shetty

 

MUMBAI – Futures contracts of turmeric and coriander fell while those of jeera rose on the National Commodity and Derivatives Exchange Monday. Prices of turmeric fell due to expectations of better production in key regions and those of coriander corrected after a steep rise last week. Prices of jeera rose due to short-covering.

 

The most-active October contract of TURMERIC was down 3.6% at INR 12,800 per 100 kg as satisfactory crop progress in Andhra Pradesh and Telangana is raising expectations of a better output, SMC Global Securities said, quoting trade sources. However, weather will be a key factor in shaping price direction, the brokerage said. According to the India Meteorological Department, incessant rainfall is expected to continue in September, with above-normal rainfall predicted for the month.

 

Prices of turmeric were also weighed down by weak export demand, Kedia Advisory said in a note. Turmeric exports in June stood at 13,787.28 tonnes, down 7.93% on year and down 28.21% on month, reflecting some weakness in overseas demand, Kedia Advisory said.

 

The most-active September contract of JEERA rose nearly 0.7% to INR 19,375 per 100 kg due to short-covering after prices declined last week, analysts said. Any rebound may be short-lived, SMC Global said. The broader trajectory is likely to remain weak, as abundant carryover stocks and persistent liquidation at higher price levels continue to exert pressure, the brokerage 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 most-active October contract of CORIANDER was down 1.1% at INR 7,750 per 100 kg due to a price correction following a steep rise in prices the previous week, SMC Global said. Prices had risen beyond the INR 8,000 per 100 kg level last week. Prices are likely to fall further as stockists and traders are expected to offload holdings to capitalise on higher levels, the brokerage said. Subdued demand in the spot market also weighed on prices, market analysts said.

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Oct	NCDEX	100	7,750	(-)88
Jeera Sept	NCDEX	100	19,375	125
Turmeric Oct	NCDEX	100	12,800	(-)482

 

End

 

Edited by Nishant Maher

 

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