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Informist, Thursday, Sept. 18, 2025

By Shreya Shetty

MUMBAI – Futures contracts on the National Commodity and Derivatives Exchange Thursday saw mixed trends--turmeric remained flat, jeera gained, and coriander declined. Turmeric prices held steady as the market sought to consolidate after a sharp fall. Jeera rose on the back of short-covering while coriander weakened due to sluggish demand in major spot markets.

The most-active October contract of TURMERIC was flat at INR 12,080 per 100 kilograms as the market was trying to consolidate at present levels following a steep fall in prices based on poor festival season demand, and a rise in arrivals in spot markets, analysts at SMC Global Securities said. The market is keeping an eye on the weather, which will play a critical role in determining the direction of prices, with the forecast of above-normal rainfall in September, SMC Global said. Rainfall is likely to be above normal at 109% of the long-period average over most parts of the country, according to the India Meteorological Department. 

The most-active October contract of JEERA rose 0.5% to INR 19,580 per 100 kg on short-covering after two consecutive days of fall, analysts said. However, the rise in prices could be limited as ample carry-over stocks are still weighing on the sentiment while demand continues to be tepid, SMC Global 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 in a statement.

The most-active October contract of CORIANDER was down 0.4% at INR 8,300 per 100 kg due to subdued demand in spot markets, analysts said. Prices are likely to rise in the near term as demand is expected to rise due to the upcoming festivals, SMC Global said. However, a steep rise is unlikely on higher arrivals of the spice in key spot markets in Rajasthan and Madhya Pradesh, the brokerage said.

End

Edited by Subhojit Sarkar

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