India Spices
Jeera up on tight arrivals, turmeric down on rising arrivals
This story was originally published at 19:27 IST on 9 March 2026
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By Afra Abubacker
NEW DELHI – Futures contracts of most spices on the National Commodity and Derivatives Exchange rose Monday. Coriander rose slightly as bulk consumers stepped up purchases, and jeera inched up amid tight arrivals. Turmeric fell more as rising arrivals and weak demand weighed on prices.
The most-active April contract of CORIANDER was up 1.2% at INR 11,608 per 100 kg, as market participants actively purchased to replenish depleted inventories, SMC Global Securities said in a report. However, expectations of higher supplies in Gujarat in the coming weeks are likely to limit the upside, it added.
The most-active April contract of JEERA was up 1% at INR 22,080 per 100 kg, as tight arrivals in some key markets supported prices. However, the upside was limited due to comfortable carry-forward stocks and relatively weak export demand.
The most-active April contract of TURMERIC was down 0.8% at INR 14,554 per 100 kg due to rising arrivals in select markets. Improving arrivals in Nizamabad, Telangana, and Sangli in Maharashtra are adding to supply-side pressures, SMC Global Securities said. Going ahead, escalating tensions between US-Israel and Iran are likely to further weigh on spices, as the region accounts for about 18% of total Indian spice exports.
Following were the prices of the most-active spices contracts at closing at 1700 IST:
|
Contract |
Exchange |
Unit (kg) |
Price (INR) |
Change (INR) |
|
Coriander Apr |
NCDEX |
100 |
11,608 | 140 |
|
Jeera Apr |
NCDEX |
100 |
22,080 |
210 |
|
Turmeric Apr |
NCDEX |
100 |
14,554 |
-114 |
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
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