India Spices
Coriander prices rise on firm festival demand
This story was originally published at 17:44 IST on 19 September 2025
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By Pallavi Singhal
NEW DELHI – Futures contracts of all the three spices traded on the National Commodity and Derivatives Exchange rose Friday. Prices of turmeric were up on reports of heavy rainfall in key growing regions leading to damage to the crop. Jeera rose on short covering at lower prices. Prices of coriander were up on firm festival demand.
The most-active October contract of TURMERIC was up 0.5% at INR 12,160 per 100 kg after heavy rainfall in major growing regions, particularly Nanded in Maharashtra, damaged around 15% of the standing crop, Kedia advisory said in a note. Fall in stocks in key producing regions such as Warangal in Telangana also supported prices, the brokerage said. However, upside remains capped on an increase in acreage, which has risen to 330,000 hectares from 300,000 hectares last year.
The most-active October contract of JEERA rose 0.3% to INR 19,540 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 Securities 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 most-active October contract of CORIANDER was up nearly 0.6% at INR 8,404 per 100 kg on festival demand, analysts said. However, a steep rise is unlikely due to higher arrivals of the spice in key spot markets in Rajasthan and Madhya Pradesh, SMC Global said.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Oct | NCDEX | 100 | 8,404 | 52 |
Jeera Oct | NCDEX | 100 | 19,540 | 60 |
Turmeric Oct | NCDEX | 100 | 12,160 | 60 |
End
Edited by Nishant Maher
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