Informist, Thursday, Apr 20, 2023
By Sandeep Sinha
MUMBAI – Futures contracts of most spices rose today on the National Commodity and Derivatives Exchange due to firm demand. The positive cue was underpinned by lower arrivals and concerns over supply deficit, analysts said.
The most active May contract of JEERA was at 41,150 rupees per 100 kg, up 1.6% from the previous close. Prices are trading on bullish note and are near lifetime high due to weak supply outlook from Gujarat and Rajasthan.
Jeera also benefitted from below normal arrivals in the major markets.
CORIANDER prices rose due to short-covering of positions by traders on the NCDEX. The most active May contract was up 0.4% at 6,414 rupees per 100 kg.
However, the upside was restricted in coriander prices due to estimates of higher output and more supply from key growing state of Rajasthan.
TURMERIC contracts traded flat on the domestic bourse after falling for three straight days. The most active May contract was unchanged at 6,700 rupees per 100 kg.
The downside in turmeric was limited due to a fall in arrivals in the key market of Nizamabad.
Following are the most active contracts of spices as of 1800 IST:
Edited by Deepshikha Bhardwaj
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