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Informist, Wednesday, Aug. 20, 2025
By Pallavi Singhal
NEW DELHI – Futures contracts of all spices rose on the National Commodity and Derivatives Exchange Wednesday. Turmeric and coriander prices rose due to tight supplies and those of jeera were up due to restricted arrivals at lower levels, according to analysts.
The most-active October contract of TURMERIC was up 0.8% at INR 13,442 per 100 kilograms on tight supplies as stocks held by farmers 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 have also risen due to an increase in industrial and seasonal demand, analysts at SMC Global Securities said. Moreover, lower inflows coupled with cautious selling are supporting the market.
However, the upside remains capped due to increased acreage, aided by favourable weather in the current sowing season. Dry weather is helping in timely planting and early estimates suggest turmeric acreage could rise 15–20% as other crops offer lower profitability, Kedia said.
The most-active September contract of JEERA rose 0.3% to INR 19,430 per 100 kg due to restricted arrivals at lower levels, SMC Global said. Prices are unlikely to rise further due to comfortable supply levels, limited foreign buying, and tepid trade activity, with current export needs being met from the existing stocks, Kedia advisory said in a note.
The most-active September contract of CORIANDER was up 1.4% at INR 7,930 per 100 kg due to limited supply and rising demand from processors and exporters, according to SMC Global. Prices are expected to be firm in the range of INR 7,710-INR 7,850 per 100 kg in the short term as the market is likely to adopt a wait-and-watch approach after the recent rise in prices, it said.
|
Contract |
Exchange |
Unit (kg) |
Price (INR) |
Change (INR) |
|
Coriander Sept |
NCDEX |
100 |
7,930 |
110 |
|
Jeera Sept |
NCDEX |
100 |
19,430 |
60 |
|
Turmeric Oct |
NCDEX |
100 |
13,442 |
100 |
End
Edited by Subhojit Sarkar
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