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Informist, Wednesday, Oct. 28, 2026

 

By Krupa Biju

 

MUMBAI – Turmeric futures on the NCDEX fell Wednesday after hitting record highs for five consecutive sessions. Jeera futures, meanwhile, rose, driven by active buying from domestic processors and export-oriented participants. Coriander futures also rose, while pepper fell. 

 

The most active December contract of TURMERIC fell 1.6% to INR 26,550 per 100 kilograms. Turmeric futures likely fell as elevated prices triggered profit-booking, market participants said. However, the overall trend is expected to remain supportive for "a few more days," backed by steady domestic and export demand, SMC Investments and Advisors said in a note.

 

The most active December contract of CORIANDER rose 1.4% to INR 16,360 per 100 kg, supported by lower arrivals and declining carryover stocks, coupled with expectations of a stronger festive-season demand, SMC said. However, limited buying at elevated prices may restrict gains, the brokerage added. SMC sees support for the spice at around INR 15,607.33-INR 15,870.67 per 100 kg and resistance at INR 16,576.67-INR 17,019.33 per 100 kg. 

 

The most active November JEERA contract rose 0.9% to INR 25,740 per 100 kg, supported by near-term supply tightness and shrinking availability of premium-quality bold seed, Kedia Advisory said in a note. "Farmers have also been holding stocks in anticipation of better prices during the October sowing period," the note said. 

 

The most active October contract of PEPPER fell 0.1% to INR 780.4 per kg. SMC expects pepper futures to trade sideways with a "slightly firm bias between INR 777-785 per kg range." Though seasonal buying supports prices in the long term, higher supplies from Sri Lanka and other origins are expected to weigh on the spice. 

 

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

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)	Change   %
Coriander Dec	NCDEX	100	16,360	226	1.4
Jeera Nov	NCDEX	100	25,740	220	0.9
Turmeric Dec	NCDEX	100	26,550	(-)434	(-)1.6
Pepper Oct	NCDEX	1	780.40	(-)0.80	(-)0.1

 

End

 

 

Edited by Saji George Titus

 

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