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Informist, Thursday, Oct. 23, 2025

By Shreya Shetty

MUMBAI – Futures contracts of turmeric fell while those of jeera and coriander rose on the National Commodity and Derivatives Exchange on Thursday. Prices of turmeric fell because of profit booking after prices breached the INR 15,000 per 100 kg level, analysts said. Prices of jeera rose due to a drop in arrivals amid the Diwali holidays, while prices of coriander rose due to firm demand in spot markets, they said.

The most-active December contract of TURMERIC fell 5.4% to INR 14,510 per 100 kilograms because of profit booking as prices rose above the INR 15,000 per 100 kg mark during the Muhurat trading on Tuesday, breaching it for the first time since January, analysts said. However, the fall is likely to be limited due to rising concerns about crop losses in top producing regions, SMC Global said. 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, 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 up 0.6% at INR 19,470 per 100 kg due to a fall in arrivals in spot markets, as the Diwali holidays curtailed supply across multiple markets, Kedia Advisory said. Despite low arrivals lending some support to prices, the overall market sentiment remains weak due to sluggish export demand, they said. However, prices could be supported in the near term as demand is expected to rise ahead of the wedding season, which spans November and December, SMC Global said.

The most-active November contract of CORIANDER rose 0.3% to INR 8,040 per 100 kg due to rise in demand in spot markets, analysts said. However, the rise in prices is likely to be limited in the absence of strong exports, SMC Global said. In the medium term, export demand from West Asian markets is expected to play a key role in determining price trends, it said.

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Edited by Ashish Shirke

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