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Informist, Thursday, Sept. 4, 2025

By Shreya Shetty

MUMBAI – Futures contracts of all three spices on the National Commodity and Derivatives Exchange rose Thursday. Prices of turmeric and jeera rose due to short-covering after a fall in prices for two consecutive days. Prices of coriander rose due to strong demand and tight supplies in spot markets.

The most-active October contract of TURMERIC was up 1.1% at INR 12,510 per 100 kilograms due to short-covering after prices fell for two consecutive days, analysts said. A fall in stocks in key producing regions such as Warangal in Telangana also supported prices, 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 rise in prices is likely to be limited due to panic selling in the spot market amid prospects of a good turmeric crop this year, SMC Global Securities said. Preliminary estimates suggest a 15–20% increase in sowing this season, Kedia Advisory said. India's exports of turmeric in Apr-Jun rose 3% on year to 47,949.56 tonnes, data from the Spices Board of India showed.

The most-active September contract of JEERA rose 1.1% to INR 19,450 per 100 kg due to short-covering, analysts said. The upside in prices is likely to be limited due to huge carryover stocks and persistent selling pressure, SMC Global said. Around 300,000–400,000 bags (1 bag = 50 kg) 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 country exported 62,860.75 tonnes of jeera in Apr-Jun, down 19% on year, data from the Spices Board showed.

The most-active October contract of CORIANDER was up nearly 6% at INR 8,170 per 100 kg due to firm demand in the spot market and restricted supplies from producing regions, analysts said. However, the rise in prices could be capped as stockists and traders are likely to release their inventories to take advantage of prevailing prices, SMC Global said. India's exports of coriander in Apr-Jun rose 14% on year to 19,100.51 tonnes, data from the Spices Board showed.

End

Edited by Tanima Banerjee

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