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Market pulse for agro commodities: Mangal Keshav

Average price of small cardamom increased to '682.5 per kg while maximum price offered was up at '1,125 per kg, as per spice board.

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Mangal Keshav Mumbai
Last Updated : Apr 03 2013 | 10:28 AM IST
Arrivals of chilli crop declined below 1lakh bags; however demand was reported firm among local buyers at auctions held at Guntur market. Spot rates were steady & quoted at '55-'60 per kg based on crop quality while futures surged more than 1.5% on bargain buying at lower levels.

Arrivals of jeera crop increased to about 40,000 bags from which 35,000 bags were traded at auctions held at Unjha market. Spot rates were down & quoted around '128-'130 per kg, as per local traders.

Spot rates of pepper garbled were steady at '362 per kg and that of un-garbled was unchanged at '347 per kg while arrivals increased to 17 tons & trades too were up at 16 tons at auction held at Kochi market, as per IPSTA.

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Arrivals of turmeric crop stood ~10,000 bags from farmers & unsold 10,000 bags at previous day’s auction while trades were up at ~15,000 bags at auctions held at Nizamabad market.

Spot rates were down quoted at '55-'60 per kg, as per local traders. Erode market for turmeric will remain close till April 8.
Average price of small cardamom increased to '682.5 per kg while maximum price offered was up at '1,125 per kg, as per spice board. Total inflow of small cardamom crop increased to 54.9 tons from which ~54.5 tons were sold at SIGC auction held at Kochi.

Arrivals of Soya bean crop increased to about 50,000 bags across MP market & steady ~1,000 bags at mandis of Indore while supply at mandis of Rajasthan increased to about 15,000 bags, as per local traders.

Spot rates of soya bean crop offered by planters were steady at '37-'37.5 per kg while rates across mandis of Indore eased slightly to '35.5-'36.5 per kg, as per local traders.

Inflow of mustard seed crop declined to 165,623 quintals, while average of closing spot rates were down at '3,040.2 per quintal, as per agriculture marketing board of Rajasthan. Total arrivals of mustard seed crop increased to more than 5.5lakh bags across major trading center while spot rates were steady & quoted between '33.5-'35.5 per kg based on location.

Chana futures continued their positive trend, closing higher by more than 1% on buying support at lower levels. Spot rates too were up at '34-'34.5 per kg, supported by higher off-take among local buyers & stockist.

Spot rates of mentha oil declined & closed below '1,200 per kg, pressured by poor industrial & export demand and steady supply of about 200-250 drums, across major trading centers. However, front-month futures recovered more than a percent on short-covering.

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First Published: Apr 03 2013 | 10:23 AM IST

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