Arrivals of chilli crop were steady above 50,000 bags; however off-take has declined on dull demand at auctions held at Guntur market. Spot rates were down by '80-'100 per quintal while futures too were down by 1.5-2%.
Arrivals of jeera crop increased to 38,000 bags while demand was reported steady ~35,000 bags at auctions held at Unjha market. Spot rates are trading firm at '133-'134 per kg with strong demand seen among exporters & stockist, as per
local traders.
Spot rates of pepper garbled were steady at '366 per kg and that of un-garbled was unchanged at '351 per kg. Arrivals stood at 67 tons, but trades decline to 65 tons at auctions held at Kochi market, as per IPSTA.
Arrivals of turmeric crop increased to about 15,000 bags at Nizamabad market and ~5,800-6,000 bags across mandis of Erode. Spot rates traded firmly & were quoted in the range of '64-'66 per kg across different locations, as per local
traders.
Average price of small cardamom declined to '651 per kg while maximum price offered was down at '918 per kg, as per spice board. Total inflow of small cardamom crop increased to 53.9 tons from which ~53 tons were sold at auction held at Nedumkandam. Arrivals of Soya bean crop stood steady ~1lakh bags across MP market & about 4,000 bags at
mandis of Indore while supply of 0.3lakh bags stood at Maharashtra & about 0.2-0.22lakh bags at Rajasthan, as per trade reports.
Spot rates of soya bean crop offered by planters declined to '35-'35.5 per kg while rates across mandis of Indore were down at '34-'34.5 per kg.
India's import of vegetable oils during Feb'13, has increased by 10.6% at 9.69lakh tons compared to 8.76lakh tons in Feb'12 and consists of 9.54lakh tons of edible oils & 0.14lakh tons of non-edible oils. The overall import of vegetable oils during
Nov'12-Feb'13 is reported at 37.35lakh tons compared to 30.61lakh tons in the same period last year, i.e. up by 21.99%, as per Solvent Extractors' Association of India.
Total arrivals of mustard seed crop increased to more than 5lakh bags across major trading center while spot rates were down & quoted in the range of '34-'36 per kg based on location, as per market reports.
India's sugar output in the crop year Sept-Oct. 2011-12 stood at 26mn tons while the output of the current year is expected to decline to 24.5-25mn tons & next year is estimated at 24mn tons, mainly due to decline in output at Maharashtra, as per Union Minister of Agriculture.
