India Spices
Turmeric rises after steep fall; Coriander, jeera up
This story was originally published at 20:56 IST on 29 January 2026
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By Pallavi Singhal
NEW DELHI – Futures contracts of all spices rose on the National Commodity and Derivatives Exchange Thursday. Turmeric prices rose after witnessing a steep fall earlier this week as traders bought the commodity at lower prices, according to analysts. Prices of jeera and coriander were up amid steady demand, lower acreage, they said.
The most-active April contract of TURMERIC was up 1.4% at INR 16,900 per 100 kilograms, after prices touched a one month low of INR 16,210 per 100 kg on Wednesday as prospects of a rise in arrivals due to a large crop weighed on the market. Further, tight supply due to a weak crop last year is seen supporting sentiment until arrivals of the new crop rise substantially.
The most-active March contract of JEERA was up 1.7% at INR 24,280 per 100 kg, on good buying and a fall in acreage, SMC said. A fall in prices is unlikely due to persistently low arrivals and delayed sowing, particularly in Gujarat, where the acreage has fallen over 16% from the previous year to 398,000 hectares, marking one of the slowest sowing seasons in recent years. However, the brokerage added that limited buying at higher prices may cap the rise in prices.
The most-active April contract of CORIANDER was up 5.2% at INR 11,650 per 100 kg because of lower sowing and rising risk of crop damage, Kedia Advisory said in a note. Prices are also finding support from weather-related threats in Rajasthan's key producing districts of Jaipur, Ajmer, Dausa, and Tonk, where frost and powdery mildew risks have increased, the brokerage added.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Apr | NCDEX | 100 | 11,650 | 584 |
Jeera Mar | NCDEX | 100 | 24,280 | 415 |
Turmeric Apr | NCDEX | 100 | 16,900 | 234 |
End
Edited by Akul Nishant Akhoury
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