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Informist, Wednesday, Feb. 11, 2026

By Afra Abubacker

NEW DELHI – Futures contracts of all spices traded lower on the National Commodity and Derivatives Exchange Wednesday as arrival of fresh crop and improved outlook on supply weighed on market sentiment. Turmeric prices slipped, partly erasing gains of Tuesday, while jeera declined on expectations of higher arrivals, and coriander fell because of subdued demand.

At 1724 IST, the most-active April contract of TURMERIC was down 1.8% at INR 15,822 per 100 kilograms, after settling up over 3% in the previous session. Prices had risen because of below-normal arrivals and firm domestic and international demand, Kedia Advisory said in a note. Market sentiment was also supported by reduced holdings among farmers and stockists, which tightened near-term availability.

However, expectations of rise in arrivals in the near term in Erode, Tamil Nadu, are putting pressure on prices, Kedia Advisory added. Kotak Securities sees turmeric futures falling further to INR 14,694 per 100 kilograms if the key support level of INR 15,088 is breached.

The most-active March contract of JEERA was down 1.7% at INR 23,115 per 100 kg, pressured by early profit-booking with the start of new crop arrivals in some markets. Sentiment remained weak as arrivals of fresh crop are expected to pick up pace from March amid muted export demand, Kedia Advisory said.

However, the downside is likely to be limited due to weather-related challenges and delayed sowing, particularly in Gujarat, it added.

The most-active April contract of CORIANDER was down 1.8% at INR 11,080 per 100 kg amid subdued buying. Going ahead, inventories, the pace of arrivals, and weather-related developments are expected to shape market sentiment, SMC Global Securities said in a report.

Kotak Securities expects the contract to decline further to INR 10,773 if the support level of INR 10,986 is breached. 

The following are the prices of most-active contracts for spices at the time of writing: 

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Edited by Ashish Shirke

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