Informist, Thursday, Aug. 14, 2025

By Afra Abubacker

MUMBAI - Futures contracts of turmeric and jeera fell on the National Commodity and Derivatives Exchange Thursday. The yellow spice fell due to profit booking after prices hit a week's high earlier in the day. Abundant supply and weak export outlook weighed on jeera prices. Coriander continued to rise amid limited supply and firm demand.

TURMERIC prices fell Thursday as traders booked profits after prices hit a week's high of INR 13,528 per 100 kg earlier Thursday. At 1551 IST, the most-active October contract of turmeric was down 3.3% at INR 13,404 per 100 kg.

However, in the medium-to-long term, prices are expected to stay firm amid limited supply and depleted inventories, SMC Global Securities said. According to Kedia Advisory, turmeric stocks held by farmers in Warangal, Telangana, are nearly empty. In addition, absence of any fresh arrivals in the past few days are also likely to render support going ahead, Kedia added. Strong exports and firm seasonal demand amid festivals are likely to support prices in the medium term.

JEERA prices fell amid concerns over higher supply. Reports of a strong crop in China, where prices remain comparatively lower, have dimmed export prospects for Indian jeera, SMC Global said. At 1546 IST, the most-active August contract of jeera was down 0.7% at INR 18,860 per 100 kg.

CORIANDER prices rose on the domestic bourse due to firm demand for the spice amid limited supply and growing demand from processors and exporters. Considering the current market conditions, prices are expected to stay firm in the short-to-medium term, SMC Global said.

"However, in the longer run prices may face downward pressure as traders may start offloading their stocks to capitalise on higher rates, coupled with likely resistance from buyers at elevated price points," it added. At 1546 IST, the most-active August contract of coriander was up 2.1% at INR 8,210 per 100 kg.

End

Edited by Nishant Maher

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