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Informist, Friday, Oct. 17, 2025

 

By Shreya Shetty

 

MUMBAI – Futures contracts of turmeric rose while those of jeera and coriander fell on the National Commodity and Derivatives Exchange Friday. Prices of turmeric rose due to festival demand and rising concern on crop damage in key producing regions, analysts said. Prices of jeera remained flat amid cautious market sentiment while prices of coriander fell on weak demand, they said. 

 

The most-active December contract of TURMERIC rose 0.2% to INR 14,696 per 100 kilograms on firm festival demand amid tight supply, analysts at SMC Global said. Reports of crop damage in key producing regions are also supporting prices. Excessive rainfall in Maharashtra, Andhra Pradesh, and Karnataka, coupled with persistent showers in Erode, Tamil Nadu, has led to disease outbreaks and raised worries about crop preservation due to high humidity, Kedia Advisory said in a note.

 

The market is closely monitoring weather conditions across south India, SMC Global said. For October, the India Meteorological Department has forecast above-normal rainfall for the country at 115% of the long-period average.

 

The most-active November contract of JEERA was flat at INR 19,150 per 100 kg, due to steady local arrivals and cautious approach by stockists, SMC Global said. Prices are likely to be weighed down by bearish market sentiment in the near term, particularly due to ample availability of stocks, the brokerage 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 substantial carry-forward stocks of around 1.6 million bags, Kedia Advisory said.

 

The most-active November contract of CORIANDER fell 0.7% to INR 8,080 per 100 kg on weak demand in spot markets, analysts said. In the absence of strong export or festival-driven buying, market sentiment is expected to remain "weak to sideways" in the near term, SMC Global said. In the medium term, export demand from West Asian markets is expected to play a key role in determining price trends, the brokerage said.

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Nov	NCDEX	100	8,080	(-)56
Jeera Nov	NCDEX	100	19,150	5
Turmeric Dec	NCDEX	100	14,696	32

 

End

 

Edited by Subhojit Sarkar

 

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