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Market pulse for agro commodities : Mangal Keshav

Average price of small cardamom increased to Rs 639.5 per kg while maximum price offered was down at Rs 1,043 per kg

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Mangal Keshav Mumbai
Last Updated : Apr 12 2013 | 12:07 PM IST
Spot market for chilli at Guntur was closed, on account of Gudi Padwa festival.

Arrivals of jeera crop stood steady ~45,000 bags; however trades declined to about 40,000 bags, as most of the traders stayed away from auctions due to local festival. Spot rates were steady & quoted at Rs 130-Rs 132 per kg as Unjha market, as per local traders.

Spot rates of pepper garbled were unchanged Rs 362 per kg and that of un-garbled was steady at Rs 347 per kg while arrivals declined to 23 tons & the same were traded at auctions held at Kochi market, as per IPSTA.

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Spot market for turmeric at Nizamabad, Sangli & Erode were closed on Thursday, on account of local festival.

Average price of small cardamom increased to Rs 639.5 per kg while maximum price offered was down at Rs 1,043 per kg, as per spice board. Total inflow of small cardamom crop increased to 87.1 tons from which ~86.4 tons were sold at auction held at Nedumkandam.

Most of the mandis of soya bean at Madhya Pradesh, Maharashtra & Rajasthan were closed on Thursday, on account of Gudi Padwa festival. Arrivals at MP market stood ~8000-10,000 bags, as per trade reports. Spot rates of soya bean crop offered by planters were up at Rs 41.5-Rs 42 per kg while rates across major mandis increased to Rs 40.5-Rs 41 per kg, as per local traders.

Guar seed arrivals stood at 22,940 quintals, while the average of the closing spot rates were at Rs 9,582.1 per quintal. Inflow of mustard seed crop declined to 200,040 quintals, while average of closing spot rates were up at Rs 3,178.2 per quintal, as per agriculture marketing board of Rajasthan.

Chana futures eased on profit-booking at higher levels, in anticipation that supply would increase across major trading centers from mid-April onwards. Spot rates too were on dull demand.

Mentha oil futures witnessed sharp recovery in the initial session, mainly supported by shortcovering/ buying support at lower levels. Spot rates eased marginally, but later closed in positive by Rs 3-Rs 5 per kg, with steady supply of ~150 drums at mandis.

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First Published: Apr 12 2013 | 12:06 PM IST

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