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Informist, Monday, Aug. 24, 2026

 

By Krupa Biju

 

MUMBAI – Futures contracts of coriander rose on the NCDEX as arrivals in spot markets were limited, while those of turmeric fell on technical correction, Ritesh Kumar Sahu, analyst at Kotak Neo, said in a note. Futures contracts of jeera and pepper also marked a rise on the exchange on declining supplies.

 

The most active October contract for CORIANDER was up more than 2% on the NCDEX at INR 16,564 per 100 kilograms. Coriander futures rose, supported by lower arrivals and steady buying from domestic spice manufacturers, according to SMC Investments and Advisors Ltd. Coriander prices broke past the brokerage's resistance expectation of INR 16,298-INR 16,384 per 100 kg.

 

"Recent market assessments point to rapidly shrinking coriander seed supplies," Sahu said. "Farmers and stockists are becoming less willing to sell at prevailing levels, providing underlying support to prices," he added. The brokerage sees support for the spice at INR 16,044-INR 16,128 per 100 kg.
 

TURMERIC's most active October contract was down more than 1% at INR 21,700 per 100 kg on the exchange. Turmeric prices fell on a technical correction. Declining premium grade supplies, renewed processor/export demand and uneven rainfall conditions continue to underpin the market, Sahu said. However, improved rainfall activity across Maharashtra, Telangana, and North Karnataka and improved soil moisture are easing concerns over crop failure, Kedia Advisory said in a note. According to SMC, immediate support for turmeric is seen at around INR 21,398-INR 21,718 per 100 kg, while resistance is expected around INR 22,384-INR 22,730 per 100 kg.

 

The most active September contract for JEERA was slightly up at INR 20,815 per 100 kg. "Jeera remains supported by restricted Mandi arrivals, with Unjha currently seeing less arrivals compared to last year," Sahu said. However, subdued buying and strong export competition from Turkey, Syria, and China are likely to limit this uptrend, the analyst added. Support for jeera is seen at INR 20,358-INR 20,546 per 100 kg, and resistance is likely to be at INR 20,902-INR 21,068 per 100 kg, according to SMC. 

 

PEPPER's most active September contract was up nearly 1% at INR 731 per kg. Though pepper prices are likely to see a technical correction, the long-term outlook for the spice seems strong, taking cues from the supply-demand gap considering poor production and tight supplies, SMC said. Pepper prices closed above the brokerage's resistance expectations of INR 727-INR 729 per kg. The brokerage sees support for the spice at INR 724-INR 725 per kg.

 

Following were the closing prices of the most active spices contracts on Monday:

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)	Change   %
Coriander Oct	NCDEX	100	16,564	352	2.17
Jeera Sept	NCDEX	100	20,815	80	0.39
Turmeric Oct	NCDEX	100	21,700	(-)338	(-)1.53
Pepper Sept	NCDEX	1	731	4.90	0.67

 

 

End

 

Edited by Himanshi Gupta

 

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