Cumin, turmeric, coriander, poppy prices rise

12-May-2025 07:00 PM

New Delhi. With the situation on the borders becoming normal, the spice market has started to improve. For the past fortnight, trade had been affected due to border tensions and prices were falling. However, today, due to local demand and buying by exporters, prices have seen an increase.

Cumin
Due to weak arrivals at the mandis in producing centers and increasing demand in the spot market, cumin prices in the mandis rose by Rs 300 to 500 per quintal. Prices also closed higher in the futures market. A 4 percent bullish circuit was seen in the cumin market. In the futures market, cumin for May delivery closed with a rise of Rs 990 and for June with a rise of Rs 985.

Turmeric
Due to Budh Purnima, most of the mandis in Marathwada remained closed. However, in the Nanded market, trade continued and turmeric prices increased by Rs 200 to 300 per quintal. In Nizamabad, Erode, and Warangal, prices remained strong at previous levels. In Delhi, turmeric prices rose by Rs 200. The market sentiment is not bearish, and prices are expected to remain strong in the coming days. In futures, turmeric for May closed with a gain of Rs 634 and for June with a gain of Rs 506. Arrivals in the markets are decreasing.

Coriander
Trading in coriander was limited due to market closures in Madhya Pradesh for Budh Purnima. In the Kota market of Rajasthan, prices increased by Rs 50 to 75 per quintal. Similarly, in the Gondal market of Gujarat, prices were higher by Rs 50 to 75 with an arrival of 15,000 bags. With decreasing arrivals, there is currently no expectation of a price decline. In futures, coriander for May closed with a rise of Rs 42 and for June with a rise of Rs 36.

Poppy
Due to the closure of mandis in Madhya Pradesh, there was no arrival of poppy in Neemuch mandi. However, in other markets, poppy prices rose by Rs 30 to 40 per kg. With Turkish poppy stock limited to a few traders, prices of imported goods are being quoted arbitrarily. For the last two years, poppy import from Turkey has not been allowed. Sources suggest that due to rising temperatures and decreasing daily arrivals of desi poppy in Madhya Pradesh, prices are expected to stay high. Currently, the price of Turkish poppy is Rs 1380 to 1400 in Kolkata and Rs 1330 to 1340 in Delhi.