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Last Updated : Mar 29, 2012 01:52 PM IST | Source: Moneycontrol.com

Mangal Keshav`s view on Chilli, Jeera, Pepper, Turmeric

Mangal Keshav has come out with its report on Chilli, Jeera, Pepper, Cardamom, Soyabean, Edible oils, Guar seed, mustard seed, Mentha oil.


Mangal Keshav has come out with its report on Chilli, Jeera, Pepper, Cardamom, Soyabean, Edible oils, Guar seed, mustard seed, Mentha oil.


Arrivals of chilli crop increased to about 70,000 bags while demand was reported steady among local buyers at Guntur market. Spot rates were unchanged & quoted in the range of Rs 4,900-5,500, based on crop quality.


Arrivals of jeera crop increased to about 27,000 bags while trades declined marginally to about 25,000 bags at auctions held at Unjha market. Spot rates for new crop closed up at Rs 116-Rs 118 per kg, as per local traders.


Total production of Jeera in the current year is expected ~32-33lakh bags (1bag of 55kgs), against 28lakh bags that reported in the last year. This is mainly due to strong sowing acreage along with better productivity levels, as per market reports.


Spot rates of pepper garbled declined to Rs 395 per kg and that of un-garbled was down at Rs 380 per kg. Arrivals increased to 14 tons while trades too were up at 12 tons at Kochi market - IPSTA.


Turmeric arrivals: declined to about 15,000 bags at Nizamabad and unchanged at ~20,000 bags at mandis of Erode. Spot rates were quoted firm at Rs 34-Rs 36 per kg while exchange quality crop was offered around Rs 41-Rs 42 per kg, as per local traders. Sangli market will remain close till April 2, due to workers strike.


Average price of small cardamom declined to Rs 829.1 per kg, while the maximum price offered was up at Rs 1,286 per kg, as per spice board. Total inflow of small cardamom crop increased to about 53.9 tons from which ~52.9 tons were sold at CPMC auction held at Kumily.


Spot markets for Soya bean were closed across major trading centers, due to trader strike and also due to financial year ending. Mandis are expected to re-open from next week onwards.


Spot rates of offered by planters were quoted steady at Rs 29-Rs 29.5 per kg while rates offered at mandis of Indore were up at Rs 28-Rs 28.5 per kg. Guar seed arrivals increased to 1,844 quintals, while the average of the closing spot rates were down at Rs 23,150.7 per quintal, as per agriculture marketing board of Rajasthan.


Inflow of mustard seed crop increased to 103,672 quintals, while average of closing spot rates were down at Rs 3,400.7 per quintal, as per agriculture marketing board of Rajasthan.


Total arrivals of mustard seed crop declined to ~5lakh bags while spot rates too were down & offered in the range of Rs 36-Rs 38 per kg across major trading centers, as per market reports. Chant futures remained under selling pressure through major part of the trading session, due to profit-booking and also supported by increase in fresh supplies in the market.


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To read the full report click on the attachment

First Published on Mar 29, 2012 09:50 am
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