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Informist, Monday, May 25, 2026

 

By Afra Abubacker

 

NEW DELHI – Futures contracts of all spices traded on the National Commodity and Derivatives Exchange closed higher on Monday. While turmeric prices rose on firm demand amid persistent supply tightness, increased buying interest at prevailing rates supported jeera and coriander prices. 

 

The most-active June contract of TURMERIC rose 0.1% to INR 16,250 per 100 kilograms. Earlier in the day, the contract hit a two-week high of INR 16,388 and extended gains for the fifth session as traders bought more to replenish inventories. "Market sentiment is strengthening, as traders are reportedly increasing inventory accumulation amid expectations of steady demand," SMC Global Securities said. 

 

In addition, continued supply tightness across major markets also supported prices. Many farmers are holding back supplies, expecting prices to increase to around INR 18,000. "Arrivals in key mandis (markets) of Maharashtra and Telangana remained below normal despite the peak marketing season, creating an immediate supply squeeze in the domestic market," Kedia Advisory said. 

 

The most-active June contract of JEERA rose 0.7% to INR 19,650 per 100 kg amid increased buying interest at prevailing rates. However, rising arrivals and weak export demand capped gains. "Arrivals during the previous week surged sharply by 212% to 21,022 tonnes, indicating ample market availability and weighing on near-term price sentiment," SMC Global Securities said. 

 

Favourable weather conditions across northwest India have accelerated harvesting, resulting in faster crop arrivals and a "temporary supply surplus" in physical markets, Kedia Advisory said. 

 

The most-active June contract of CORIANDER increased 0.6% at INR 12,936 per 100 kg amid improved demand at prevailing price levels. "Although demand is pegged as good but prevailing arrival pressure across key mandis (markets) is likely to keep prices range-bound for the time being," SMC Global Securities said. The brokerage expects the contract to trade sideways with a weak bias between INR 12,620 and INR 12,760.

 

The following were the closing prices of the most active spice contracts on Monday:

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander June	NCDEX	100	12,936	250
Jeera June	NCDEX	100	19,650	140
Turmeric June	NCDEX	100	16,250	20

 

End

 

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

 

Edited by Saji George Titus

 

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