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Informist, Friday, Jul. 17, 2026

 

By Afra Abubacker

 

MUMBAI – Futures contracts of spices on the National Commodity and Derivatives Exchange closed higher Friday. Turmeric futures hit a record high and extended gains to the third consecutive week amid firm demand and production concerns. 

 

The most active August contract of TURMERIC closed 3.7% higher at INR 21,724 per 100 kg, after hitting a fresh record high of INR 21,850 intraday. Prices rose amid worries over the upcoming crop and its quality as a large share of arrivals continues to fall short of expected standards, SMC Investments and Advisors Ltd. said. 

"Weather remains the bigger worry. Erratic rainfall adds further pressure — both on the standing crop and the remaining sowing window — with waterlogging in key growing belts forcing re-sowing in affected areas, which could delay crop establishment and weigh on eventual yields," it added. Turmeric is a seven-to-nine-month crop requiring continuous irrigation. 

 

India recorded rainfall of 2.6 millimetres on Wednesday, 73?low the normal of 9.6 millimetres, data from the Indian Meteorological Department showed. During Jun. 1-Jul. 15, the rainfall deficit was 23% at 227 millimetres. 

 

The most active August contract of CORIANDER was up 2% at INR 15,880 per 100 kg, supported by persistent supply tightness in markets. Last week, coriander prices had hit a record high of INR 16,188 amid healthy industrial demand and declining arrivals. "Monthly arrivals stood at 11,626 tonnes, down 23% from 15,145 tonnes a year earlier, a supply contraction sizeable enough to keep the market's undertone firm," SMC added. 

 

The most active August contract of JEERA was up 1.2% at INR 20,980 per 100 kg, as fresh buying emerged at lower prices despite easy availability. "Weekly arrivals stood 64% higher y-o-y at 6,873 tonnes, underscoring the comfortable supply scenario," SMC said. 

 

"Unless demand strengthens or arrivals taper off, this supply overhang is likely to keep prices confined to a range in the near term. Sentiment is further weighed down by reports of a healthy crop in key competing origins such as China and Syria, adding to the overall comfortable global availability," it added.

 

Following were the closing prices of the most active spices contracts Friday:

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Aug	NCDEX	100	15,880	286
Jeera Aug	NCDEX	100	20,980	245
Turmeric Aug	NCDEX	100	21,724	774

 

End

 

Edited by Avishek Dutta

 

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