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Informist, Wednesday, Jul. 1, 2026

 

By J. Navya Sruthi

 

MUMBAI – Futures contracts of turmeric ended at an over-five-month high Wednesday on the National Commodity and Derivatives Exchange due to tight supply in the domestic market and firm demand, analysts said. Futures contracts of coriander were down as investors took profits and those of jeera fell on ample supply, they said.

 

The most active August contract of TURMERIC ended at INR 17,598 per 100 kilograms, up over 2% from Tuesday, supported by sustained demand. Prices rose on fresh buying interest following the recent corrective decline, SMC Investments and Advisors said in a note. 

 

"Export demand remains mixed due to logistical challenges in West Asia; however, steady buying interest for premium, IPM-certified turmeric from European markets continues to provide underlying support," an analyst from Kotak Securities said. Immediate support for the turmeric contract is now seen at INR 16,600 per 100 kg and resistance at INR 18,100.

 

Meanwhile, prices of CORIANDER were slightly down in the futures market Wednesday after being largely steady Tuesday in the spot market. Futures contracts were down as investors took profits after prices rose to an all-time high of INR 15,780 per 100 kg Tuesday. However, low carryover stocks and lower supply in the spot market on a yearly basis supported the positive sentiment in the market, dealers and analysts said.

 

The most active July contract of coriander ended at INR 15,620 per 100 kg, down 0.6% from Tuesday. In the key spot market of Ramganj in Rajasthan, prices were largely steady with a slight downward bias at INR 15,300 per 100 kg as farmers and stockists sold the stock after the price rose to an all-time high Tuesday, local trader Satyanarayan Gupta said. Arrivals in the Ramganj market rose to 3,000-3,200 bags (1 bag = 50 kg) from 1,800–2,000 bags Tuesday, Gupta said.

 

There is a shortage in the current supply of coriander which is likely to push up prices by another INR 1,000 to INR 1,500 per 100 kg in July, Gupta said. The expectation of below normal rainfall during the southwest monsoon is likely to pose a threat to coriander production in the upcoming rabi season and keep prices elevated in the long term. 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, according to analysts.

 

The most active July contract of JEERA ended at INR 20,490 per 100 kg, down 0.3% over Tuesday. "Market fundamentals have turned cautious amid ample supply availability and subdued buying interest at elevated price levels," SMC Investments said in a note. Arrivals across local markets rose 141% on week to 11,061 tonnes, the brokerage said. Jeera prices are expected to trade sideways with a weak bias in the INR 20,210–INR 20,910 range, analysts said.

 

The following were the prices of the most active spice contracts at 1700 IST:

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Aug	NCDEX	100	15,620	(-)92
Jeera Jul	NCDEX	100	20,490	(-)70
Turmeric Aug	NCDEX	100	17,598	416

 

End

 

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

 

Edited by Shubhayan Bhattacharya

 

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