India Spices
Jeera, coriander down on poor buying at high prices
This story was originally published at 15:38 IST on 8 January 2026
Register to read our real-time news.Informist, Thursday, Jan. 8, 2026
By Pallavi Singhal
NEW DELHI – Futures contracts of all spices were down on the National Commodity and Derivatives Exchange on Thursday. Coriander futures fell owing to poor buying at higher prices, jeera was down as prices consolidated at current levels following selling pressure at higher prices, and turmeric fell amid selling pressure as new crop arrivals are around the corner, Alok Pandey, spices analyst at SMC Global said.
At 1517 IST, the most-active April contract of TURMERIC was down 4% at INR 17,066 per 100 kilograms amid selling pressure as new crop arrivals are around the corner, Pandey said. The drop in prices was also due to continued profit booking after prices rose to their highest level of INR 19,050 per 100 kg Tuesday, driven by healthy buying interest amid tight supply conditions, SMC Global Securities said in a note.
The most-active March contract of JEERA was down 1.1% at INR 22,630 per 100 kg as prices consolidated at current levels following selling pressure at higher prices, which were supported by strong export demand and lower sowing, Pandey said. Prices are likely to be range-bound with a positive bias given the backdrop of lower sowing coverage in the long run, he said.
The most-active April contract of CORIANDER was down 1.7% at INR 10,840 per 100 kg as prices are correcting owing to poor buying support at higher levels as market participants factor in near-normal sowing coverage, contrary to earlier expectations of a decline, Pandey said.
|
Contract |
Exchange |
Unit (kg) |
Price (INR) |
Change (INR) |
|
Coriander Apr |
NCDEX |
100 |
10,840 |
(-)188 |
|
Jeera Mar |
NCDEX |
100 |
22,630 |
(-)255 |
|
Turmeric Apr |
NCDEX |
100 |
17,066 |
(-)712 |
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
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