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Informist, Wednesday, Feb. 4, 2026

 

By Pallavi Singhal

 

NEW DELHI – Futures contracts of jeera and coriander fell on the National Commodity and Derivatives Exchange on Wednesday, while turmeric rose. Jeera and coriander prices declined amid cautious buying at higher levels, analysts said. Turmeric rose on value buying after prices touched a calendar-year low, as arrivals of the new crop increased in key producing regions, they said.

 

At 1830 IST, the most-active April contract of TURMERIC was up 0.3% at INR 16,832 per 100 kilograms after prices touched a 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 Marathwada, Maharashtra, affecting crop quality. 

 

The most-active March contract of JEERA was down 0.8% at INR 23,705 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 3.8% at INR 11,380 per 100 kg owing to need-based trading activities at higher price levels, SMC said. Prices of coriander have also 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	11,380	(-)454
Jeera Mar	NCDEX	100	23,705	(-)195
Turmeric Apr	NCDEX	100	16,832	52

 

End

 

Edited by Saji George Titus

 

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