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Informist, Wednesday, Mar. 25, 2026

 

By Pallavi Singhal

 

NEW DELHI – Futures contracts of all spices on the National Commodity and Derivatives Exchange rose Wednesday. The rise in coriander prices was supported by the expectation of reduced production and tightening supplies, analysts said. Jeera inched up due to weather concerns in key producing regions, while turmeric futures contracts rose on lower arrivals.

 

The most active April contract of TURMERIC was up 2% at INR 14,450 per 100 kilograms. The reason for the rise was the below normal arrivals at a time when both domestic and export demand remain firm, Kedia Advisory said in a note.

 

Lower carry-forward stocks and reduced holdings by farmers and stockists are also providing a strong base to prices, Kedia said in a note. Weather disruptions, including heavy rainfall and disease issues, have impacted yields in key states like Maharashtra, Andhra Pradesh, and Karnataka, with nearly 15% of the crop affected in some regions. At the national level, dried turmeric output is projected to be around 9 million bags, higher than last season, but quality concerns and localised crop damage continue to influence supply, the brokerage said.

 

However, rising arrivals are likely to limit the upside, Kedia advisory said.

 

The most-active April contract of CORIANDER was up 3.7% at INR 11,960 per 100 kg, on expectation of reduced production and tightening supplies, SMC Global said. The tighter supply outlook, along with improved buying activity, continues to support the increased prices, the brokerage said.

 

The most-active April contract of JEERA was up 0.7% at INR 22,090 per 100 kg supported by weather concerns in key producing regions. The India Meteorological Department has warned of rising temperature and potential heatwave in north Gujarat, which could impact seed development in late-sown crops and further trim yields, Kedia advisory said. Overall production is already expected to decline by around 5% to 513,000 tonnes this year, with Gujarat output likely to drop sharply due to lower acreage and yields, it said.

 

However, upside is seen limited in the near term amid rising arrivals of the crop, Kedia advisory said.  

 

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

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Apr	NCDEX	100	11,960	430
Jeera Apr	NCDEX	100	22,090	145
Turmeric Apr	NCDEX	100	14,450	282

 

End

 

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

 

Edited by Deepshikha Bhardwaj

 

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