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Informist, Thursday, Apr. 30, 2026

 

By Shreya Shetty

 

MUMBAI – Prices of spices showed mixed trends on the National Commodity and Derivatives Exchange Thursday. Jeera prices declined amid a rise in arrivals in spot markets and a fall in export demand, analysts said. Turmeric prices were flat as arrivals of the spice remained low year-on-year, even as they rose in the past few days, they said. Coriander prices were weighed down by sluggish demand amid the prevailing high prices, they said.

 

The most active May contract of JEERA fell more than 1% to INR 20,430 per 100 kg due to a rise in arrivals in spot markets, analysts at SMC Global Securities said. The weekly average arrivals in the Agricultural Produce Market Committee centres across the country have increased by around 15% on year to 22,992 tonnes, reflecting an improvement in supply flows, they said. A fall in export demand is also weighing down on prices, they said. "Export competitiveness continues to be challenged by elevated freight costs, driven by ongoing geopolitical tensions in West Asia, which is expected to keep prices under pressure in the near term," they said.

 

However, a steep fall in prices is unlikely due to growing concerns about crop damage and tightening availability of high-quality crop, Kedia Advisory said in a note. Recent thunderstorms and hailstorms in Rajasthan have impacted the standing jeera crop at the harvest stage, raising fears of reduced "A-grade" output, the Kedia note said. Additionally, unseasonal rains across northwest India are delaying the drying and processing of the crop, it said.

 

The most active May contract of TURMERIC was flat at INR 16,000 per 100 kg as supply of the spice has increased, though it remains lower than previous years' levels. Arrivals in key spot markets such as Nizamabad in Telangana, Erode in Tamil Nadu, and Hingoli in Maharashtra have increased, which is creating a temporary supply glut in these regions, Kedia Advisory said. Farmers have also accelerated stock liquidation to raise funds ahead of kharif sowing, it said.

 

"Despite near-term pressure, underlying fundamentals remain supportive," Kedia said, adding, "Arrivals in parts of Maharashtra and Telangana are still below seasonal norms, indicating a tighter supply backdrop." There are also concerns about the quality of the new crop, which includes rhizome rot in low-lying areas, which is reducing the availability of the premium "double polished" varieties, it said.

 

The most active May contract of CORIANDER was down 1% at INR 12,728 per 100 kg as buying interest remained low amid the prevailing higher price levels, SMC Global said. However, the fall in prices is likely to be limited as underlying fundamentals continue to stay supportive, driven by steady demand for inventory replenishment and relatively tighter supply conditions, the brokerage said. Arrivals in the Agricultural Produce Market Committee centres have declined by 29% on year to 12,151 tonnes, underpinning prices and sustaining a bullish undertone, it said.

 

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

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander May	NCDEX	100	12,728	-128
Jeera May	NCDEX	100	20,430	-250
Turmeric May	NCDEX	100	16,000	6

 

End

 

Edited by Deepshikha Bhardwaj

 

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