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Informist, Tuesday, Feb. 3, 2026

 

By Pallavi Singhal

 

NEW DELHI – Futures contracts of turmeric rose, while those of jeera and coriander fell on the National Commodity and Derivatives Exchange Tuesday. Turmeric prices were up due to value buying after prices touched this calender year's low due to a rise in arrivals of the new crop in key producing regions, analysts said. Prices of jeera and coriander fell due to cautious buying at higher prices, they said.

 

At 1615 IST, the most-active April contract of TURMERIC was up 2% at INR 16,876 per 100 kilograms after prices touched this year's low of INR 15,900 per 100 kg on Monday as prospects of a rise in arrivals due to a large crop weighed on the market. The pressure from arrivals is expected to intensify in the coming months, keeping prices under check, SMC Global said in a note.

 

Despite concerns over the quality of early arrivals, the expanding supply may continue to weigh on sentiment, SMC Global said. Excessive rainfall from August to September had caused waterlogging and disease in parts of Marathwad in Maharashtra, affecting crop quality, Kedia Advisory said in a note. 

 

The most-active March contract of JEERA was down 0.1% at INR 23,845 per 100 kg, due to cautious buying by investors at higher prices, SMC said. Prices have been rising as cumin acreage in Gujarat, one of the key producing regions of the spice, has fallen. Area sown under jeera was down at 408,199 hectares from 476,537 hectares a year ago, the latest data from the state agriculture department showed. Delayed field readiness has made this one of the slowest cumin sowing seasons in Gujarat in recent years, Kedia Advisory said.  

 

The most-active April contract of CORIANDER was down 0.2% at INR 12,160 per 100 kg due to buyer resistance at high levels, SMC said. Prices of coriander too have been rising due to a drop in acreage so far and fears of crop damage, Kedia Advisory said. As of Monday, the area sown under coriander in Gujarat was down at 126,470 hectares from 130,731 hectares a year ago. A continuous wet spell and below-normal temperatures in Rajasthan have increased the risk of frost and disease in the crop, the brokerage said.

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Apr	NCDEX	100	12,160	(-)26
Jeera Mar	NCDEX	100	23,845	(-)25
Turmeric Apr	NCDEX	100	16,876	326

 

End

 

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

 

Edited by Tanima Banerjee

 

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