Indian Spice market Report (Chilli,Turmeric,Coriander,Jeera)_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
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
| 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
|
||
| 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 98/2 Singapore | 100 | ||
| Rajasthan (4 qtl) # | |||
| Jodhpur | 8700 | 9100 |
# Arrivals ,NQ-Not quoted
qtl- Quintal
qtl- Quintal
Min, Max, Modal price in Rs/100 kg
One bag equals 55 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.
|
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.
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