India Spices
Down as new arrivals loom; profit-taking at higher levels weighs
This story was originally published at 16:10 IST on 23 February 2026
Register to read our real-time news.Informist, Monday, Feb. 23, 2026
By Abhijit Doshi
MUMBAI – Futures contracts of all spices traded on the National Commodity and Derivatives Exchange were down Monday ahead of the arrivals of new crops. Some profit booking was also taking place after the rise in prices Friday, traders said.
TURMERIC futures were down as arrivals are expected to build over the next few days, which may pressurise market sentiment. The longer-term outlook remains bearish amid anticipated supply increases in the coming months, SMC Global Research said in a note.
At 1455 IST, the most-active April turmeric contract was trading at INR 15,524 per 100 kilograms, down 1.8% from Friday. Intraday, it traded between INR 16,380 and INR 15,400.
JEERA prices fell Monday as traders remained cautious, and broad sentiment was driven by fresh arrivals. Stocks available in the market were sufficient to meet demand, SMC Global Research said. "Participants are likely to maintain a wait-and-watch approach, preferring further price corrections before initiating fresh positions. Meanwhile, crop conditions remain satisfactory despite indications of comparatively lower sowing acreage," it said.
At 1500 IST, the most-active March contract was down 2% at INR 22,580 per 100 kg. Intra-day so far, it had touched a high of INR 23,050 and a low of INR 22,225.
CORIANDER too was trading on a weak note, weighed down by increasing arrivals in major spot markets, traders said. At 1510 IST, the most-active April contract was trading at INR 10,484 per 100 kg, with a high of INR 10,570 and a low of INR 10,184.
The following were the prices of the most-active spices contracts:
|
Contract |
Exchange |
Unit (kg) |
Price (INR) |
Change (INR) |
|
Coriander Apr |
NCDEX |
100 |
10,484 | (-)50 |
|
Jeera Mar |
NCDEX |
100 |
22,580 |
(-)480 |
|
Turmeric Apr |
NCDEX |
100 |
15,524 |
(-)296 |
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Saji George Titus
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