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Informist, Thursday, Apr. 2, 2026

By Pallavi Singhal

NEW DELHI – Futures contracts of all the spices traded on the National Commodity and Derivatives Exchange were up Thursday. Coriander prices remained supported by expectation of reduced production and tightening supplies, analysts said. Jeera prices rose on concerns over weather disruptions in key producing regions, while turmeric futures contracts rose on lower arrivals coupled with a steady demand for the spice.

The most-active May contract of TURMERIC was up 1.3% at INR 15,728 per 100 kilograms on lower arrivals amid steady domestic and overseas demand. Arrivals at Nanded in Maharashtra are currently 5,000–6,000 bags per day, largely of lower-quality produce, SMC Global Securities said in a note. The region accounts for nearly 40% of the total output. Moreover, reports of crop damage in parts of Maharashtra due to recent unseasonal rains despite the arrival pressure is pushing prices higher, SMC Global said.

Lower carry-forward stocks and reduced holdings with farmers and stockists are also strongly supporting prices, Kedia Advisory 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, the brokerage said.

However, the upside is seen limited as the pace of arrivals is expected to accelerate to 100,000 bags per day in April, SMC Global said.

The most-active April contract of CORIANDER was up 4.3% at INR 12,852 per 100 kg, supported by strong buying interest amid lower sowing acreage and expectations of a weaker crop this season, SMC Global said. About 40–50% of the total crop has already reached markets, the brokerage said. Further inflows from key producing states such as Rajasthan and Madhya Pradesh are expected in the coming days, it added.

The most-active May contract of JEERA was up 1.1% at INR 22,590 per 100 kg because of concerns about weather in key producing regions. At mandis, on-year arrivals in March were down by 23% to 80,716 tonnes, indicating tight near-term supply, SMC Global said. Rising temperatures in north Gujarat, as flagged by the India Meteorological Department, could impact seed development in late-sown crops, potentially reducing yields further, Kedia Advisory said. Overall production is estimated to decline around 5% this year, with Gujarat seeing a sharp drop due to reduced acreage and weaker yields, the advisory said.

SMC sees Jeera prices "rangebound" due to restrained buying interest at elevated levels. 

However, the upside remains limited as new crop arrivals have started entering the market and are expected to pick up pace in the coming weeks.

Following were the prices of the most-active spices contracts at the time of closing at 1700 IST:

End

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

Edited by Ashish Shirke

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