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Informist, Friday, Nov. 14, 2025

 

By Pallavi Singhal

 

NEW DELHI – Futures contracts of all spices were down on the National Commodity and Derivatives Exchange Friday. Prices of turmeric fell due a rise in acreage in top producing regions, analysts said. Prices of jeera were down due to resistance at present levels. Prices of coriander fell tracking subdued demand in physical markets, they said.

 

At 1530 IST, the most-active December contract of TURMERIC was down 4.34% at INR 14,294 per 100 kg due to an increase in acreage in key growing areas in the current sowing season, Kedia Advisory said in a note. Turmeric acreage for 2024–25 (Jul-Jun) stands at 330,000 hectares, about 10% higher than last year, with estimates indicating a further 15–20% increase due to improved sowing conditions and lower profitability in alternative crops, the brokerage said. According to reports, turmeric acreage in Maharashtra, one of the top producers of the spice, is likely to see double-digit growth on year.

 

However, the fall in prices may be limited due to persisting fears of crop loss and potential yield losses due to heavy rainfall in September and October. Prices are also likely to be supported by the ongoing wedding season demand, SMC Global said.

 

The most-active December contract of JEERA was down 0.2% at INR 20,560 per 100 kg as current prices faced resistance owing to limited buying support amid plenty of stock continuing to weigh on the market, SMC Global said. Though wedding season demand could offer some support, the overall market sentiment is still muted, the brokerage said. By the end of the year, 300,000-400,000 bags (1 bag = 50 kg) of the spice are expected to be traded, leaving substantial carry-forward stocks of around 1.6 million bags, Kedia Advisory said in a statement. 

 

The most-active December contract of CORIANDER fell 0.8% to INR 8,522 per 100 kg, tracking a fall in prices in the spot markets due to subdued demand, analysts said. However, the downside could be limited by an anticipated rise in festival demand, SMC Global said. Firm spot market cues and steady buying interest are likely to support prices in the medium term, it said.

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Dec	NCDEX	100	8,522	(-)70
Jeera Dec	NCDEX	100	20,560	(-)50
Turmeric Dec	NCDEX	100	14,294	(-)468

 

End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

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