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Informist, Wednesday, Oct. 1, 2025

 

By Shreya Shetty

 

MUMBAI – Futures contracts of all three spices traded on the National Commodity and Derivatives Exchange diverged on Wednesday. Prices of jeera rose on short-covering after falling for four consecutive days, analysts said. Prices of turmeric continued to fall owing to muted demand while prices of coriander were flat as the market adopted a cautious stance amid mixed demand signals, they said.

 

The most-active October contract of TURMERIC was down 1.9% at INR 12,048 per 100 kg as sluggish demand persisted, analysts at SMC Global Securities said. However, prices could be supported in the near term by an expected rise in festival demand, they said.

 

Prices could also be supported in the medium term because of reports of crop damage from heavy rainfall in various parts of the country, especially in Maharashtra, analysts said. Recent heavy to very heavy rainfall in key turmeric-producing regions, including Nanded in Maharashtra, has damaged nearly 15% of the crop and raised concern about the yield prospects, Kedia Advisory said in a note.

 

The most-active October contract of JEERA rose nearly 0.5% to INR 18,930 per 100 kg on short-covering after prices had fallen for four consecutive days, analysts said. However, the upside is likely to be limited as market sentiment is still weighed down by muted demand, rising arrivals, and sufficient availability of stocks, SMC Global said. Between 300,000 and 400,000 bags (1 bag = 50 kg) of the spice are expected to be traded by the end of the season, leaving a sizable carry-forward stock of around 1.6 million bags, Kedia Advisory said in a statement.

 

The most-active November contract of CORIANDER was nearly flat at INR 8,340 per 100 kg as buyers are adopting a cautious stance amid mixed signals about demand, analysts said. While demand is currently subdued, the market is keeping an eye out for festival demand, which could support prices, SMC Global said. Prices could also rise in the near term due to a fall in local arrivals in major supply centres, the brokerage said. 

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Nov	NCDEX	100	8,340	4
Jeera Oct	NCDEX	100	18,930	85
Turmeric Oct	NCDEX	100	12,048	(-)234

 

End

 

Edited by Rajeev Pai

 

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