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Informist, Monday, Jun. 29, 2026

 

By Afra Abubacker

 

NEW DELHI – Coriander futures hit a record high Monday and neared INR 15,500 on the National Commodity and Derivatives Exchange. Following the sharp rise in prices, the bourse reimposed a 2.5?ditional surveillance margin on coriander contracts till Jul. 20 to curb volatility. A similar margin imposed on Jun. 23 will remain applicable on all running and new contracts until Jul. 15.

The most active August contract of CORIANDER hit a peak of INR 15,498 intraday. It closed at INR 15,462 per 100 kilograms, up 5.4% from Thursday. The commodity market was shut Friday for Muharram.

 

Strong buying by stockists and speculative participants amid tight market supplies accelerated the rise in prices, Riteshkumar Sahu, analyst at Kotak Neo, said. "The contract has now surged more than 23% from its June lows, taking its year-to-date gain to over 45%, while prices have risen nearly 110% compared with the same period last year and over 18% on a month-on-month basis," Sahu said.

 

Total arrivals of coriander during the new season (Mar-Jun) remain low at 100,375 tonnes, down 25% on year, with May and June arrivals declining sharply by 52% and 30%, respectively, Sahu said, quoting Agmarknet data.

 

"The breakout above the key INR 15,100 resistance (level) has strengthened the bullish trend. However, if it sustains above this level, then prices could trade higher towards INR 15,700-INR 15,750, followed by the psychological INR 17,000 level," Sahu said. On the downside, the immediate support for the coriander contract is placed at INR 14,460-INR 14,450 and a strong support base is seen near INR 14,000, he added. 

The most active July contract of JEERA rose 2% to INR 20,600 per 100 kg, supported by firm demand amid anticipation of seasonal arrivals moderating in the coming months.

 

"As long as prices continue to hold above INR 20,100, the bullish structure is expected to remain intact," Kedia Advisory said, adding that prices are likely to consolidate with a positive bias in the range of INR 20,400-INR 20,950 over the next month. Lower stock with NCDEX, improving export demand, and favourable currency dynamics should continue to provide a supportive medium-term outlook, the brokerage said. 

 

The most active August contract of TURMERIC rose over 3% to INR 17,100 per 100 kg, supported by sustained buying at lower price levels. Turmeric prices had hovered around INR 17,000 on Apr. 17, but had failed to sustain amid weak demand at higher prices.

 

"Fundamentally, the initial rally was supported by concerns over tightening supplies across major spot markets as farmers withheld quality stocks in anticipation of better prices," Sahu said. However, turmeric prices corrected as monsoon progression favoured increased sowing. In addition, farmers liquidated stocks to fund their kharif sowing activities.

 

"The current recovery was backed by renewed value buying from domestic stockists and traders as lower prices attracted fresh demand," Sahu said. The subsequent rebound saw prices reclaim the INR 16,600 level. Monday prices climbed back to April highs, indicating improved market sentiment, Sahu added. 

 

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

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Aug	NCDEX	100	15,462	786
Jeera Jul	NCDEX	100	20,600	400
Turmeric Aug	NCDEX	100	17,100	510

 

End

 

Edited by Shubhayan Bhattacharya

 

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