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Informist, Tuesday, Apr. 21, 2026

 

By Afra Abubacker

 

NEW DELHI – Futures contracts of jeera fell more on the National Commodity and Derivatives Exchange Tuesday owing to higher arrivals and weak export demand. Coriander continued to gain amid firm demand and tight supplies, according to analysts. Turmeric prices were largely unchanged from the previous day.

 

The most active May contract of JEERA was down nearly 1% at INR 21,550 per 100 kilograms as farmers continued to offload stocks in key markets. Spot prices were also under pressure amid higher arrivals in Unjha, Gujarat, according to analysts. 

 

Apart from rising supplies, weak export demand and the bleak outlook for outbound shipments amid elevated freight costs due to the continuing geopolitical crisis in West Asia are seen weighing down on jeera prices. However, concerns over the crop due to outbreaks of blight disease in Gujarat are likely to offer some support.

 

According to SMC Global Securities, a decisive break and sustained move below the INR 21,540 level could further intensify the downward pressure and the contract is likely to "trade in a sideways-to-weak trend within the INR 21,380–INR 22,080 range". 

 

The most active May contract of TURMERIC was largely flat at INR 16,100 per 100 kg. SMC Global Securities expects the price to correct to around INR 15,700 per 100 kg amid rising market supplies and subdued export demand. "Weekly arrivals across mandis have surged by nearly 192% to 28,574 tonnes, reflecting ample availability in the physical market," the broking firm said.

 

However, quality concerns due to higher moisture levels have reduced the availability of premium "double-polished" varieties, offering some support to premium varieties. "Growing orders for Integrated Pest Management (IPM) certified turmeric from the EU (European Union) are supporting prices for compliant stocks," Kedia Advisory said. 

 

The most active May contract of CORIANDER rose 2.3% to INR 13,656 per 100 kg, supported by steady demand and tight supplies. Stockists are holding back supplies in physical markets, supporting prices and sustaining bullish sentiment in the near term, SMC Global said. 

 

"With a large portion of the crop already marketed, the pace of fresh arrivals is expected to remain limited, indicating lower immediate supply pressure and continued support to prices in the near term," the brokerage said. 

 

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

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander May	NCDEX	100	13,656	306
Jeera May	NCDEX	100	21,550	-185
Turmeric May	NCDEX	100	16,100	-2

 

End

 

Edited by Rajeev Pai

 

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