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Informist, Thursday, Apr. 16, 2026

By Afra Abubacker

NEW DELHI – Coriander futures contracts rose on the National Commodity and Derivatives Exchange on Thursday, snapping a six-day losing streak. Fresh buying interest at lower price levels supported coriander prices, while increasing supplies and weak demand weighed on turmeric and jeera, according to analysts.  

The most-active May contract of TURMERIC was down 0.7% at INR 15,700 per 100 kilograms amid rising supplies and expectations of prices easing further. The contract is likely to trade sideways with a slight bearish bias as traders remain largely on the sidelines awaiting clearer price signals, SMC Global Securities said in a note. 

Weak export demand to West Asia and rising supplies are weighing on prices. "Arrivals have surged by 76% to 93,840 tonnes across mandis over the past week, indicating mounting supply pressure and limiting any significant upside in prices," SMC Global said. The brokerage sees the contract trading in the range of INR 15,410-INR 16,210 in the near term. 

The most-active May contract of JEERA was down 0.9% at INR 21,660 per 100 kg due to subdued demand and higher supplies. "Demand from key importing country China has reportedly weakened, further weighing on sentiment," SMC Global said, adding that high freight rates are also dampening export demand. 

Farmers are actively offloading stocks to take advantage of current price levels, adding to near term supply pressure, Kedia Advisory said. SMC Global sees the contract trading in a range of INR 21,500–INR 22,200 in the near term. 

The most-active May contract of CORIANDER was up 0.8% at INR 12,886 per 100 kg, supported by improved buying interests at lower levels. On Wednesday, the contract hit a nearly two-week low of INR 12,554 per 100 kg due to weak demand in domestic and overseas markets. "Export activity has been weak, with January shipments falling 30% year-on-year," SMC Global said. 

"Coriander is expected to find support at prevailing prices due to the emergence of buying interest at every price correction amidst tight supply," the brokerage said. However, weak export demand is likely to limit further gains, it added. 

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

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Edited by Akul Nishant Akhoury

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