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Informist, Wednesday, Sept. 17, 2025

 

By Shreya Shetty

 

MUMBAI – Futures contracts of turmeric and jeera fell for the second consecutive day while those of coriander rose on the National Commodity and Derivatives Exchange Wednesday. Prices of turmeric fell due to subdued demand while those of jeera fell due to weak market sentiment. Prices of coriander are likely to rise further due to firm festival demand. 

 

The most-active October contract of TURMERIC fell nearly 0.1% to INR 12,100 per 100 kg for the second consecutive day due to tepid demand, analysts at SMC Global Securities said. However, the downside in prices could be limited due to rising quality issues with the stocks held at Nizamabad warehouses in Telangana, which are likely to affect supply, SMC Global said.

 

Prices could also be supported in the near term due to reports of damage to the standing kharif crop because of excessive rainfall in key producing regions, Kedia Advisory said in a note. Incessant rainfall in Nanded, Maharashtra, has damaged around 15% of the crop area, the advisory said.

 

The most-active October contract of JEERA fell 0.3% to INR 19,530 per 100 kg for the second consecutive day as market sentiment remained low amid subdued demand and the availability of ample stocks, SMC Global said. The availability of ample carry-over stocks is also weighing on prices, the brokerage said. About 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 most-active October contract of CORIANDER was up 0.5% at INR 8,350 per 100 kg, tracking a rise in demand in the spot market, analysts said. Prices are likely to remain supported in the near term as demand is expected to rise further due to the upcoming festivals, SMC Global said. However, a steep rise is unlikely due to higher arrivals of the spice in key spot markets in Rajasthan and Madhya Pradesh, the brokerage said.

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Oct	NCDEX	100	8,350	44
Jeera Oct	NCDEX	100	19,530	(-)55
Turmeric Oct	NCDEX	100	12,100	(-)6

 

End

 

Edited by Nishant Maher

 

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