NCDEX Spice Futures Market Report – 17.04.2025

17-Apr-2025 05:11 PM

NCDEX Spice Futures Market Report – 17.04.2025
★ Today, the NCDEX spice futures market witnessed mixed trends. While turmeric showed strong bullish momentum, coriander and jeera saw a decline.
Coriander
★ The April contract closed at 7502, down by 84 points, with the entire day's trading confined to a single price level.  
★ The May contract also witnessed a fall, ending 76 points lower at 7576. It opened at 7608, touched a high of 7628, and a low of 7532.
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Jeera
★ The April contract closed at 23780, down by 350 points. It opened and peaked at 24100, while the day's low was 23170.  
★ The May contract also showed weakness, ending 140 points lower at 24005. It opened at 24135, hit a high of 24325, and dropped to a low of 23815.
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Turmeric
★ Turmeric delivered a stellar performance today. The April contract hit the upper circuit, closing 590 points higher at 15440 with no intraday movement.  
★ The May contract also jumped by 442 points to close at 15390. It opened at 15044, touched a high of 15230, and dipped to a low of 14720.  
★ The rally in turmeric is attributed to strong demand and limited supply. Meanwhile, the arrival of new crop turmeric has begun in the markets.