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Informist, Friday, Oct. 31, 2025

By Shreya Shetty

MUMBAI – Futures contracts of turmeric fell while those of jeera and coriander rose on the National Commodity and Derivatives Exchange Friday. Though prices of turmeric fell due to profit booking, they are likely to resume their uptrend due to the upcoming wedding season demand, analysts said. Prices of jeera rose due to low arrivals, while prices of coriander rose on firm sentiment in the spot markets, they said.

The most-active December contract of TURMERIC fell 0.2% to INR 15,030 per 100 kg on profit booking after rising nearly INR 400 per 100 kg Thursday, analysts said. However, the fall in prices is likely to be limited as demand is expected to rise ahead of the wedding season, which takes place Nov-Dec, SMC Global Securities said. Prices could also be supported due to reports of damage to the standing turmeric crop across the country due to excessive rainfall, the brokerage said.

The yield of the crop in Maharashtra, Andhra Pradesh, and Karnataka is expected to be impacted by heavy rains, Kedia Advisory said in a note. Continuous rainfall has triggered disease outbreaks in some areas, with high humidity hampering storage and preservation, they said. The market is closely monitoring weather developments in Andhra Pradesh and Telangana, which were hit by cyclone "Montha". The cyclone triggered extremely heavy rainfall over parts of both states in the first half of the week.

The most-active December contract of JEERA was up 0.2% at INR 20,400 per 100 kg due to selective demand for higher-quality goods amid low arrivals, SMC Global said. Though prices could be supported in the near term as demand is expected to rise ahead of the wedding season, the overall market trend will depend on the progress of sowing during the rabi season in the coming days, the brokerage said. While wedding season demand could lift prices, a steep rise in prices is unlikely due to the availability of ample carry-forward stocks, Kedia Advisory said.

The most-active November contract of CORIANDER rose 0.5% to INR 8,264 per 100 kg, supported by firm sentiment in the spot market and consistent buying interest, SMC Global said. Hopes of rise in demand from the upcoming marriage season is expected to provide additional support, helping to cap any significant downside in the near term, the brokerage said.

End

Edited by Nishant Maher

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