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Informist, Tuesday, Mar. 17, 2026

By Pallavi Singhal

NEW DELHI – Futures contracts of coriander and jeera on the National Commodity and Derivatives Exchange rose Tuesday. The rise in coriander prices is supported by expectations of reduced production and tightening supplies, traders said. Jeera or cumin seed inched up on projection of a decline in the crop size. Turmeric futures contracts fell as buyers shifted to need-based purchases.

The most-active April contract of TURMERIC was down 0.1% at INR 14,780 per 100 kg as traders bought only as per need. Turmeric prices are expected to move "sideways" in a slightly weaker range of INR 14,400–INR 15,200 per 100 kg amid need-based buying and a gradual increase in market arrivals, SMC Global Securities said in a report.

Current arrivals of turmeric account for only about 15% of the total anticipated seasonal inflow, suggesting that a significant portion of the crop is yet to reach the markets. That supply pressure may intensify in the coming weeks from the Marathwada region of Maharashtra, the brokerage said.

The most-active April contract of CORIANDER was up 0.9% at INR 11,474 per 100 kg, on expectations of reduced production and tightening supplies, SMC Global said. The tighter supply outlook, along with improved buying activity, continues to support the increased price levels, the brokerage said.

The most-active April contract of JEERA was up 0.7% at INR 21,975 per 100 kg after projections by the Federation of Indian Spice Stakeholders suggested a decline of nearly 5% in the crop size to about 513,000 tonnes, SMC Global said. However, the upside was limited by comfortable carry-forward stocks and relatively weak export demand.

Following were the prices of the most-active spices contracts at the close of trading at 1700 IST:

End

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

Edited by Rajeev Pai

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