Buy pepper, jeera on decline: Nirmal Bang

Nirmal Bang's daily agro commodities report

Spices complex remained in focus yesterday with Jeera, Turmeric, Cardamom and Mentha oil remained in focus and Pepper remained subdued and under pressure yesterday. 

Pepper due to huge difference between spot and futures we have seen some correction but we feel due to drop in carry forward stocks we might not see sharp correction from here and domestic demand might pick up in coming weeks.

It recommend buying pepper and jeera  at decline of 1-1.5% and upside in cardamom likely to get capped. Mentha oil we expect some profit taking in today's session.

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