India Spices
Turmeric prices rise; jeera, coriander down on ample stocks
This story was originally published at 18:50 IST on 3 September 2025
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By Pallavi Singhal
NEW DELHI – Futures contracts of turmeric were up while those of coriander and jeera were down on the National Commodity and Derivatives Exchange on Wednesday. Prices of turmeric rose on short-covering at lower prices while prices of jeera fell on abundant stocks. Coriander prices were down as stockists and traders offloaded stocks after it gained Tuesday, according to analysts.
The most-active October contract of TURMERIC rose 1.2% to INR 12,378 per 100 kg on short-covering at lower levels after prices slipped Tuesday, analysts said. However, prices are expected to decline in the long term on favourable crop conditions in Andhra Pradesh and Telangana and higher acreage, according to SMC Global Securities. Despite Wednesday's rise, the brokerage expects a steep fall due to panic selling and absence of festival demand.
The most-active September contract of JEERA fell 0.1% to INR 19,220 per 100 kg as abundant carryover stocks and persistent liquidation at higher price levels continued to exert pressure, analysts said. Any recovery is likely to be short-lived, SMC Global said. Analysts expect current season's production to be at par with that of last year, supported by favourable crop conditions and good sowing, which may further push prices down in the longer term.
The most-active September contract of CORIANDER fell 0.8% to INR 7,614 per 100 kg as stockists and traders offloaded holdings to capitalise on higher levels at a time when consumer demand remains muted, 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 Sept | NCDEX | 100 | 7,614 | (-)60 |
Jeera Sept | NCDEX | 100 | 19,220 | (-)20 |
Turmeric Oct | NCDEX | 100 | 12,378 | 148 |
End
Edited by Nishant Maher
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