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Informist, Tuesday, Sept. 2, 2025

 

By Pallavi Singhal

 

NEW DELHI – Futures contracts of turmeric and jeera fell on Tuesday while those of coriander rose on the National Commodity and Derivatives Exchange. Prices of turmeric fell due to expectations of better production in key regions. Prices of coriander rose as traders booked profits after prices fell sharply on Monday. Prices of jeera were down on abundant carry-over stocks, according to analysts.

 

The most-active October contract of TURMERIC was down 1.8% at INR 12,282 per 100 kg as participants actively liquidated holdings following reports of favorable crop conditions in Andhra Pradesh and Telangana, SMC Global Securities said. Expectations of improved yield have added to the bearish sentiment as the acreage under sowing is higher than previous year, the brokerage said. 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.

 

However, the downside is likely to be limited as stocks held by farmers in Warangal are nearly depleted, with no significant fresh arrivals over the past two days, Kedia Advisory said in a note.

 

The most-active September contract of JEERA fell 0.1% to INR 19,265 per 100 kg as abundant carryover stocks and persistent liquidation at higher price bands continued to exert pressure, analysts said. Any rebound may be short-lived, SMC Global said. Analysts expect current season's production to be at par with last year, supported by favorable crop conditions and good sowing, which may further push down prices in the longer term.

 

The most-active October contract of CORIANDER rose 0.9% to INR 7,810 per 100 kg following a steep price fall on Monday. While prices rose on profit- booking, they are likely to fall further as stockists and traders are expected to offload holdings to capitalise on higher levels, SMC Global said in a note. Subdued demand in the spot market will also weigh on prices, market analysts said.

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Oct	NCDEX	100	7,810	72
Jeera Sept	NCDEX	100	19,265	(-)15
Turmeric Oct	NCDEX	100	12,282	(-)224

 

End

 

Edited by Ashish Shirke

 

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