Indian Spice market Report, 13th March 2014

CHILLI

Dry Chilli – India Spot Market Report
Mar 13, 2014
Min Max Min Max
Andhra Pradesh Maharastra
Guntur(70000 bags) # Pune(244 qtl) #
GT 334
55
63
Kudava Byadgi
42
50
Teja
75
83
Guntur
65
71
273/Half Wrinkled
63
70
Kudva Guntur
40
41
Fatki
28
35
Nagpur (1700 qtl) #
Red Chilli Byadgi/Full Wrinkled
75
86
Red chilli Grade A
NQ
NQ
US 341
68
76
Red chilli Grade B
NQ
NQ
DD
70
76
Turkey
NQ
NQ
Indo5
65
73
Sangli (700 Bags)
Khammam(20000-25000 bags) #
273
NQ
NQ
Teja
70
78
Teja
NQ
NQ
Talu(Delux)
79
Byadgi
NQ
NQ
Warangal (25000 bags) #
Rajasthan
Teja
70
78
Bhilwara (800 bags) #
341
68
78
Krishna wrinkl free
100
115
Wonder Hot
78
87
720 Ful cut
82
85
Talu
NQ
NQ
Karnataka
273
60
69
Byadgi (60000bags) #
334
60
67
Bedki top quality
80
110
Hindupur (500-1000 bags)** #
Fatki
25
35
1st Local variey Natty
55
80
Bellary Dabbi
110
130
2nd Local variey Natty
30
52
GT
60
66
Rally
NQ
NQ
# Arrivals * modal price; ** only on Tues & Fri
Min & Max price in Rs/kg
NQ-Not quoted
USD INR
RBI Reference Rate
03/13/2014
USD 61.01
Market Review

Chilli traded stable at Guntur
In Guntur chilli spot prices remained stable on steady domestic demand and supply in today’s trade session. 334 and teja variety traded same at Rs 56/Kg and Rs 77/Kg respectively. Half wrinkled and full wrinkled quoted at Rs 66/Kg and Rs 76/Kg respectively. 341 traded at Rs 65/Kg. Arrivals in the market were around 70000 bags out of that 62000 bags has sold out.

 

WITH STEM PRICES M.TON IN USD
Variety
As on 4th Mar’14
As on 24th Feb’14
$/ton
$/ton
334
1197
1176
273
1213
1176
BYADGI
1468
1564
TEJA
1485
1366
ENDO.5
1298
1328
DD
1383
1395
341
1383
1395
WITH OUT STEM PRICES M.TON IN USD
Variety
As on 4th Mar’14
As on 24th Feb’14
$/ton
$/ton
334
1503
1479
273
1522
1479
BYADGI
1810
1919
TEJA
1949
1884
ENDO.5
1618
1651
DD
1714
1728
341
1714
1728

TUMERIC
Turmeric Spot markets 13th Mar 2014
Min
Max
Modal
Duggirala ( 2227 qtl ) #
Finger
4350
5500
5375
Bulb
4350
5400
5201
Nizamabad New Crop (15000 bags) #
Finger
5500
7700
6200
Bulb
5000
6000
5600
Erode co (689 bags) #
Finger
5969
7086
6800
Bulb
5769
6699
6400
Sangli (7500 bags) #
Salem-finger
7000
11300
8500
Salem- bulb
6900
9000
8200
Rajapore-finger
7000
11300
8500
Rajapore- bulb
6900
9000
8200
Cuddapah-finger
6000
7500
7100
Nizam-finger
NQ
NQ
NQ
Nizam-bulb
NQ
NQ
NQ
Satara (bags) #
Rajapuri Local-finger
NQ
NQ
NQ
Periyar Regulated market (547 bags) #
Finger
6290
7009
6700
Bulb
5967
6889
6600
Gobi Regulated market (179 bags) #
Finger
5647
6817
6500
Bulb
5372
6667
6200
# Arrivals NQ-Not quoted
Min, Max, Modal price in Rs/100 kg
One bag equals 60 kg
Madras finger turmeric Fob (India)
USD/Ton
1/16/2014
1030
1/17/2014
1040
1/18/2014
1040

USD INRRBI Reference Rate

3/13/2014

USD 61.01

 

Turmeric Futures NCDEX as on 03/13/2014
Month
Open
High
Low
Close
Prev cl
Vol
Open int
18 Apr’14
6902
6902
6730
6798
6950
19840
18260
18May’14
6966
6966
6800
6858
7014
5010
5985
20 Jun’14
7070
7070
6926
6952
7214
990
925
18 Jul’14
7140
7270
7010
7128
7220
110
95
Note*Open,High,Low,Close,Prev cl in Rs/100 kg. Vol,Open int in lots of 10 Metric Tons each.

Market Review

Turmeric spot prices steady at Nizamabad market
Pick up local demand along with increased new crop arrivals, ruled the turmeric spot prices flat in today’s trading session. Fingers and bulb prices continued to remain steady at levels of Rs 62/Kg and Rs 58/Kg respectively. Arrivals in today’s trade reported as 12000 bags compared to previous trade arrivals of 12000 bags..

News

Turmeric futures fall 1.51 pc on sluggish demand
Turmeric prices fell by 1.51 per cent to Rs 6,908 per quintal in futures trade today as speculators reduced positions due to sluggish demand in the spot market against adequate supplies from producing belts. At the National Commodity and Derivatives Exchange, turmeric for delivery in May fell by Rs 106, or 1.51 per cent, to Rs 6,908 per quintal with an open interest of 6,085 lots. Similarly, the spice for delivery in April traded lower by Rs 98, or 1.42 per cent, to Rs 6,824 per quintal in 19,180 lots. Analysts said offloading of positions by speculators on the back of sluggish demand in the spot market against adequate supplies from producing regions mainly pulled down turmeric prices at futures trade.

CORIANDER
Coriander Spot markets
13th Mar 2014
Min
Max
Modal
Madhya Pradesh
Kumbaraj (10000 bags) #
Eagle Old
9000
Eagle New
7500
Badami Old
8000
Badami New
8500
Machine Clean Eagle
9500
Machine Clean Badami
9200
Neemuch (4000-4500 bags) #
Eagle New
6500
7200
Eagle old
7800
8400
Badami old
7500
8000
Badami New
6200
6700
Machine Clean Badami
8500
8200
Rajasthan
Baran (4000 bags) #
Badami New
5500
6000
Eagle New
6500
7500
Kota (4000 bags) #
Badami New
8050
Eagle New
NQ
Scooter new
7730
Machine Clean Badami
NQ
Machine Clean Eagle
NQ
# Arrivals NQ-Not quoted
Min, Max, Modal price in Rs/100 kg
One bag equals 40 kg

 

USD INRRBI Reference Rate

3/13/2014

USD 61.01

Coriander Futures NCDEXas on 03/13/2014
Month
Open
High
Low
Close
Prev cl
Vol
Open int
18 Apr’14
9550
9556
9433
9521
9569
46790
37580
20 May’14
9705
9750
9614
9712
9743
17600
37820
20 Jun’14
9872
9922
9798
9895
9915
1710
8180
18 Jul’14
10039
10079
9955
9995
10079
960
1350

Open,High,Low,Close,Previous close in Rs/100 kg.
Vol,Open int in lots of 10 MetricTonnes each.

Market Review

Coriander prices remained unchanged
In Kota coriander prices remained unaltered on steady demand and supply in today’s trade session. Badami variety traded at Rs 77/Kg. Similarly Eagle price remained stable at Rs 80/Kg. Around 4000 bags of coriander arrived to Kota market.

News

Coriander down 1.3% on weak demand, adequate supply
Coriander prices moved down by 1.30% to Rs 9,445 per quintal in futures trade today as speculators trimmed positions, driven by weak demand in the spot market against adequate supplies from producing regions. At the National Commodity and Derivatives Exchange, coriander for delivery in April lost Rs 124, or 1.30%, to Rs 9,445 per quintal with an open interest of 35,930 lots. In a similar fashion, the spice for delivery in May shed Rs 111, or 1.14%, to Rs 9,632 per quintal in 38,950 lots. Analysts said besides weak demand in the spot market against adequate supplies from producing region mainly kept pressure on coriander prices at futures trade.

JEERA
Jeera Spot markets
13th Mar 2014
Min
Max Modal
Gujrat
Unjha (19250 qtl) #
Jeera 98/2 Singapore
98
Jeera 99 -1 Singapore
100
Rajasthan (4 qtl) #
Jodhpur
8700 9100
# Arrivals ,NQ-Not quoted
qtl- Quintal
Min, Max, Modal price in Rs/100 kg
One bag equals 55 kg
Market Review

Steady bias prolongs across the Jeera spot (Unjha) market
Increased arrivals along with good demand from export front ruled the Jeera spot prices flat in today’s trading session. Modal price of Jeera remained steady at Rs 112/ kg. Minimum and maximum prices were in the range of Rs 75 -132/ kg, respectively. Arrivals and sales in today’s trade are reported as 25000 bags and 22000 bags respectively.

News

Jeera closes higher on strong demand
Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.

 

USD INRRBI Reference Rate

3/13/2014

USD 61.01

Jeera Futures NCDEX as on 03/13/2014
Month
Open
High
Low
Close
Prev cl
Vol
Open int
20 Mar’14
10665
10670
10560
10595
10625
297
1059
18 Apr’14
10575
10625
10515
10540
10620
2973
10107
20May’14
10735
10760
10650
10680
10760
1038
3519
20 Jun’14
10880
10905
10810
10870
10885
264
1320
18 Jul’14
11095
11095
11095
11095
11120
3
102
Open,High,Low,Close,Previous close in Rs/100 kg.
Vol,Open int in lots of 10 MetricTonnes each.