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Informist, Monday, Aug. 18, 2025

 

By Shreya Shetty

 

MUMBAI – Futures contracts of turmeric and coriander fell while those of jeera rose on the National Commodity and Derivatives Exchange Monday. Turmeric and coriander contracts fell due to profit booking following a steep rise in prices because of tight supplies. Jeera rose due to short covering after the recent decline in prices spurred by low domestic and export demand.

The most active October contract of TURMERIC fell 1.2% to INR 13,244 per 100 kilogram due to profit booking after the recent price surge. Prices had risen earlier due to tight supply as farmer-held stocks in Warangal, Telangana, have nearly exhausted, and no fresh arrivals have been reported in the past two days, Kedia Advisory said in a note. Prices had also risen due to a rise in industrial and seasonal demand, analysts at SMC Global Securities said.  

 

The most active September contract of JEERA rose 1.3% to INR 19,270 per 100 kg due to short covering after the recent decline in prices driven by weak domestic and export demand, Kedia Advisory said. Earlier, prices had declined due to the availability of ample domestic stocks and reports of a good crop in China, where prices are comparatively lower, SMC Global said. Prices are unlikely to rise further because of subdued market sentiment as foreign buyers are likely to stay inactive, and existing stocks comfortably meet the limited export business, Kedia Advisory said.

 

The most active September contract of CORIANDER was down 1.3% at INR 7,760 per 100 kg due to profit booking by traders, SMC Global said. Prices had previously risen due to limited supply and rising demand from processors and exporters, the brokerage said. Prices are expected to be firm in the range of INR 7,790-INR 7,930 per 100 kg in the short term as the market is likely to take a wait-and-watch approach following the recent rise in prices, it said.

 

Contract	Exchange	Unit (kg)	Price (INR)	Change (INR)
Coriander Sept	NCDEX	100	7,760	(-)104
Jeera Sept	NCDEX	100	19,270	250
Turmeric Oct	NCDEX	100	13,244	(-)158

 

End

 

Edited by Subhojit Sarkar

 

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