India Spices
Down; turmeric falls on high arrivals, jeera on carryover stocks
This story was originally published at 18:43 IST on 22 September 2025
Register to read our real-time news.Informist, Monday, Sept. 22, 2025
By Pallavi Singhal
NEW DELHI – Futures contracts of all spices on the National Commodity and Derivatives Exchange fell Monday. Turmeric prices fell due to a rise in arrivals in spot markets, and jeera was down due to huge carryover stocks and persistent selling pressure. Coriander closed in the red due to subdued demand in spot markets.
The most-active October contract of TURMERIC fell 0.5% INR 12,278 per 100 kilograms as arrivals rose in spot markets, SMC Global said in a note. The fall comes amid poor festival season demand and lower quality arrivals, they said. However, prices are likely to find support at current levels amid expectations of a revival in festival season demand, which is yet to gain momentum, the brokerage said. The market is also 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 in key growing regions, SMC Global said.
The most-active October contract of JEERA fell 0.1% to INR 19,530 per 100 kg on abundant carryover stocks and persistent selling pressure, analysts said. "Ample carryover stocks are still weighing on the sentiment while demand continues to be tepid," SMC Global said. Farmers still hold nearly 2 million bags of cumin, but only 300,000–400,000 bags are expected to be traded before the season closes, leaving a substantial carryforward stock of about 1.6 million bags, Kedia Advisory said in a statement.
The most-active October contract of CORIANDER was down 0.6% at INR 8,350 per 100 kg due to subdued demand in spot markets, analysts said. However, prices are likely to rise in the near term on anticipated seasonal demand along with restricted arrivals, which will keep the market firm, SMC Global said.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Oct | NCDEX | 100 | 8,350 | (-)54 |
Jeera Oct | NCDEX | 100 | 19,530 | (-)15 |
Turmeric Oct | NCDEX | 100 | 12,278 | (-)58 |
End
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
