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Informist, Wednesday, Apr. 8, 2026

By Pallavi Singhal

NEW DELHI – Futures contracts of coriander and turmeric rose, while those of jeera fell on the National Commodity and Derivatives Exchange Wednesday. While prices of turmeric rose owing to reports of crop damage in parts of Maharashtra, those of jeera were up due to a decline in arrivals, according to analysts. Coriander prices slid further as profit booking continued, they said.

The most-active May contract of CORIANDER was down 3.3% at INR 13,086 per 100 kilogram on profit booking, after it hit a one-year high of INR 13,766 per 100 kg on Monday. However, downside is seen limited as prices are likely to rise supported by strong buying interest amid lower acreage and expectations of a weaker crop this season, SMC Global Securities said.

The most active May contract of JEERA was up 0.6% at INR 22,675 per 100 kg, supported by a decline in arrivals by 23% on year in March to 80,716 tonnes across mandis, indicating tighter near-term supply, SMC said. 

Prices were also support by mounting weather-related risks and falling production estimates. In Gujarat, a key producing region, sowing has been slowing down in recent years, with acreage falling over 14% on year in 2025-26 crop year (Jul-Jun). Output is now expected to decline sharply due to both reduced area sown and weaker yields, Kedia Advisory said in a note. Adding to concerns, rising temperatures and the threat of heatwaves in north Gujarat could further hinder seed development, keeping supply-side worries elevated, it said. 

Meanwhile, demand trends remain mixed. While premium-quality cumin continues to see steady buying, overall export demand is subdued, reflected in a sharp drop in shipments amid global uncertainties and logistical disruptions, Kedia Advisory said.

The most-active April contract of TURMERIC was up 3.9% at INR 16,800 per 100 kg following reports of crop damage in parts of Maharashtra due to unseasonal rain, SMC Global Securities said in a note. While the rain has affected crop quality in key producing regions, the extent of damage is still being assessed, it said. However, continuous arrivals in the market are putting pressure on prices, analysts said.

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 Tanima Banerjee

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