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Informist, Friday, Oct. 24, 2025

 

By Pallavi Singhal

 

NEW DELHI – Futures contracts of spices rose on the National Commodity and Derivatives Exchange Friday. Turmeric prices rebounded after Thursday's decline as traders bought more stocks at lower levels amid fear of crop damage, analysts said. Jeera gained on reduced arrivals during the Diwali holidays while coriander prices rose on firm spot market demand, they added.

 

The most-active December contract of TURMERIC rose 1.8% to INR 14,680 per 100 kilograms, supported by robust buying interest amid constrained supply, despite the previous day's sharp correction on profit booking, SMC global said. The prices had fallen over 5% Thursday. Excessive rainfall in Maharashtra, Andhra Pradesh, and Karnataka, along with continuous showers in Erode, Tamil Nadu, has triggered disease outbreaks and raised concern over crop preservation amid high humidity, which is likely to keep prices firm, 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 rose 0.2% at INR 19,525 per 100 kg due to a decline in local arrivals during the festive season, analysts said. Additionally, anticipated demand for the upcoming marriage season could provide near-term support, analysts at SMC Global said. Despite low arrivals lending some support to prices, the overall market sentiment remains weak due to sluggish export demand, they said.

 

The most-active November contract of CORIANDER gained 0.5% to INR 7,996 per 100 kg due to rise in demand in spot markets, analysts said. However, the increase in prices is likely to be limited in 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.

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Nov	NCDEX	100	7,996	40
Jeera Nov	NCDEX	100	19,525	30
Turmeric Dec	NCDEX	100	14,680	182

 

End

 

Edited by Subhojit Sarkar

 

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