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Informist, Friday, Jun. 12, 2026

 

By Abhijit Doshi

 

MUMBAI – Futures contracts of most spices traded on the National Commodity and Derivatives Exchange ruled higher Friday, largely because of the expected shortfall in supply and lower crop than earlier estimated, traders said.

 

At 1530 IST, the most active August contract of TURMERIC was at INR 12,884 per 100 kilograms, up nearly 2% from the previous close, amid tightening carry-forward inventories and steady export inquiries from neighbouring markets. Industry estimates suggest carry-forward stocks have declined to around 1.5 million bags compared to more than 2 million bags last season, reducing the overall supply buffer, said Kedia Advisory in a note.

 

Demand for Integrated Pest Management-certified turmeric from European buyers and continued procurement inquiries from Bangladesh for finger-variety turmeric have also provided underlying support to the price, it said.

 

The most-active June contract of JEERA rose a little more than 1% to INR 19,295 per 100 kg on concern over supply, particularly of the premium variety. Market participants reported shrinking supplies of bold and residue-compliant seeds, which continue to attract demand from European and North American buyers. In addition, industrial processors have started rebuilding inventories at current price levels, according to Kedia Advisory.

 

"Weather-related disruptions, including unseasonal rains, thunderstorms, and hailstorms in Rajasthan, have affected crop quality and raised concerns over the availability of high-grade cumin. Reports also indicate that the volume of premium Sortex-grade carry-forward stocks is lower than last year, providing support to higher-quality segments of the market," the brokerage said.

 

The most active August contract of CORIANDER rose 1.75% to INR 12,884 per 100 kg because of declining arrivals in major markets. However, weak export demand is likely to cap the price rise, said SMC Global Securities in a note. Arrivals across major spot markets during May dropped by 48% to 14,425 tonnes compared with 27,607 tonnes in the corresponding period last year. As per official data, coriander export declined in March by almost 20% to 3,480 tonnes compared to 4,330 tonnes during the same period a year ago, it said.

 

The following were the prices of the most active spices contracts at 1530 IST Friday:

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Aug	NCDEX	100	12,884	222
Jeera June	NCDEX	100	19,295	240
Turmeric Aug	NCDEX	100	15,970	294

 

End

 

Edited by Rajeev Pai

 

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