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Informist, Wednesday, Apr. 15, 2026

By Afra Abubacker

NEW DELHI – Futures contracts of jeera and coriander fell on the National Commodity and Derivatives Exchange on Wednesday amid weak demand. However, turmeric rose due to tight supplies. Coriander contracts extended losses for the sixth straight session, while jeera fell for the fourth straight session on Wednesday.

Wednesday, the most-active May contract of TURMERIC rose 0.6% at INR 15,890 per 100 kilograms, aided by lower carry-forward stocks and tight supplies. Farmers are holding back produce in anticipation of better prices, Kedia Advisory said. 

"Supply dynamics remain mixed. While earlier production estimates stood around 11.41 lakh tonnes (1.14 million tonnes), unseasonal rains and disease pressure in key regions like Maharashtra and Telangana have caused localised crop damage, with yield losses of 15–20% in some pockets," the brokerage said. However, the overall output is expected to remain relatively stable as turmeric acreage is 4% higher than last year, it added. 

"On the demand side, exports show short-term softness but remain steady overall, while imports have declined sharply, indicating reduced dependency on overseas supply," Kedia said. 

The most-active May contract of JEERA was down 0.05% at INR 21,825 per 100 kg. The contract fell for the fourth straight session amid increased new crop arrivals and comfortable supplies in local markets. On Monday, the contract fell 1% and hit an over three-month low of INR 21,675 per 100 kg, weighed down by increased new crop arrivals and comfortable supplies in local markets. 

"Sentiment also remained subdued due to weak export demand, particularly from China, which has led to a build-up of domestic stocks. Farmers are actively offloading produce to take advantage of prevailing prices, further adding pressure to the market," Kedia Advisory said in a note. 

However, concerns over lower production cushioned the downside. "Gujarat, a key producing state, is witnessing a sharp drop in output due to lower acreage and yields, while Rajasthan is likely to offset some of the losses with higher production," Kedia added. Going ahead, Kedia sees support at INR 21,510 and resistance at INR 22,170 per 100 kg. 

The most-active May contract of CORIANDER was down 2.9% at INR 12,700 per 100 kg due to subdued demand.

However, prospects of lower production and tightening supplies could cap the fall. The acreage under coriander is likely to decline by around 12% to 297,900 hectares, potentially leading to a near 13% drop in output, according to data by the Federation of Indian Spice Stakeholders.

Kotak Securities sees the contract finding support of INR 12,644 per 100 kg. On the upside, the contract may face resistance at INR 13,432 per 100 kg. 

The following were the prices of the most-active spice contracts at the closing:

End

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

Edited by Saji George Titus

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