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Informist, Monday, Sept. 8, 2025

By Shreya Shetty

MUMBAI – Futures contracts of all three spices traded on the National Commodity and Derivatives Exchange fell on Monday. Prices of turmeric fell as panic selling continued due to expectations of a higher output. Prices of jeera fell due to huge carry-over stocks, while prices of coriander fell on profit-booking.

The most-active October contract of TURMERIC fell 0.5% at INR 12,160 per 100 kilograms as panic selling continued due to expectations of a higher output due to a rise in acreage, analysts at SMC Global Securities said. Preliminary estimates suggest a 15–20% increase in sowing this season, Kedia Advisory said in a note.

However, the fall in prices is likely to be limited due to concerns about immediate supply. Major quality issues about stocks held at Nizamabad warehouses in Telangana have emerged, which are likely to affect supply, supporting prices, SMC Global said. The recent spell of heavy rainfall over major producing regions is also raising supply concerns, with crop losses being reported across major producing belts, Kedia Advisory said.

The most-active September contract of JEERA fell 0.5% to INR 19,295 per 100 kg due to huge carry-over stocks, 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. However, the fall in prices could be limited as a bounce-back is seen in the form of short-covering after the continuous decline in prices, SMC Global said.

The most-active October contract of CORIANDER was down 3.8% at INR 8,270 per 100 kg due to profit-booking as prices rose beyond the INR 8,500 per 100 kg mark, analysts said. However, prices are expected to rise in the short term as demand is expected to rise in the next 5–10 days, SMC Global said. Prices could also be supported due to supply disturbance in spot markets owing to heavy rainfall in most parts of the country, the brokerage said. 

End

Edited by Saji George Titus

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