Market pulse for agro commodities : Mangal Keshav

India's total oil-meal exports in the FY2012-13 fell by 14.3% to 4.8mn tons, largely reflecting adverse effects of a Chinese ban

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Mangal Keshav Mumbai
Last Updated : Apr 10 2013 | 10:18 AM IST
Arrivals of chilli crop declined to about 1-1.2lakh bags while demand was seen firm with local buyers active at daily auctions held at Guntur market. Spot rates were unchanged & quoted at '50-'55 per kg based on crop quality.

Arrivals of jeera crop stood steady ~48,000- 50,000 bags while trades increased to more than 55,000 bags, supported by demand among local buyers, exporters & hedgers at auctions held at Unjha market. Spot rates were quoted around '130 per kg, as per local traders.

Spot rates of pepper garbled increased to '362 per kg and that of un-garbled was up at '347 per kg while arrivals increased to 57 tons & trades too were up at 60 tons at auctions held at Kochi market, as per IPSTA.

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Average price of small cardamom increased to '686.6 per kg while maximum price offered was up at '908 per kg, as per spice board.

Total inflow of small cardamom crop increased to 84.6 tons from which ~82.1 tons were sold at SIGC auction held at Kochi.

Arrivals of Soya bean crop stood steady ~0.6-0.7lakh bags across MP market, but increased to about 1,500 bags at mandis of Indore while supply increased to 20,000 bags across mandis of Rajasthan & about 30,000 bags at mandis of Maharashtra, as per trade reports.

Spot rates of soya bean crop offered by planters are above '40-'41 per kg while rates across major mandis has increased to '39-'40 per kg, as per local traders.

India's total oil-meal exports in the FY2012-13 fell by 14.3% to 4.8mn tons, largely reflecting adverse effects of a Chinese ban prompted by worries about a hazardous chemical and a drop in demand from Japan, as per the Solvent Extractors' Association of India.

Exports of oil-meal to China were almost nonexistent in the previous fiscal after clocking 354,405 tons in 2011-12 while exports to Japan fell sharply by 50% to 638,201 tons, as per SEA of India.

Inflow of mustard seed crop increased to 295,410 quintals, while average of closing spot rates were up at '3,123.6 per quintal, as per agriculture marketing board of Rajasthan.

Total arrivals of mustard seed crop were steady ~6.4-6.5lakh bags across major trading center while spot rates were unchanged & quoted at '36-'37.5 per kg based on quality & location, as per market reports.

Spot rates of mentha oil were down by another '15-'20 per kg while futures continued their bearish trend on the exchange counter, mainly due to poor local & export demand & steady supply at local markets.

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First Published: Apr 10 2013 | 10:13 AM IST

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