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Spices may trade firm this week on increased demand from locals, exporters

16 Aug 2022 3:36 pm
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Mumbai, August 16 (Commoditiescontrol) Indian spices have attracted good demand in the overseas market and their domestic consumption is also expected to remain firm during festive season, hence prices of most spices like chilli, cumin seed and coriander seed are likely to see uptrend this week, a trade analyst said.

Red chilli

Red chilli prices remained mixed last week and firm tone is expected this week on strong demand from local as well the exporters.

Commodity

Market

Variety

8/13/2022

8/6/2022

Change

Min

Max

Min

Max

Chilli

Guntur

334 - 1kg (Bag -35kg)

170

260

170

260

0

Chilli

Guntur

TEJA

170

235

170

235

0

Chilli

Guntur

SYNGENTA

220

290

220

290

0

Chilli

Guntur

273

220

280

225

285

-5

Chilli

Guntur

Endo-5:

200

280

220

285

-5

Chilli

Guntur

341

220

300

230

300

0

Chilli

Guntur

4884

175

220

175

220

0

Chilli

Guntur

DD

220

300

220

290

10

Chilli

Warangal

TEJA

210

230

210

235

-5

Chilli

Warangal

341

270

290

250

276

14

Chilli

Warangal

W.HOT

320

345

320

345

0

Chilli

Khammam

TEJA

210

234

200

232

2

Chilli

Khammam

FATKI

125

125

130

130

-5

Jeera

Cumin seed prices remained mixed last week in the physical markets as some of the varieties failed to attract demand, however, overall mood of the market was bullish amid improved buying after a considerable fall in the prices of spices. However,

Cumin seed futures expiring this month gained over 2% last week and the front month contract also gained after a 4% jump in the last session of the week amid short-covering.

Commodity

Market

Variety

8/13/2022

8/6/2022

Change

Min

Max

Min

Max

Jeera

Unjha

Rough (20 kg)

3950

4050

3860

3960

90

Jeera

Unjha

Ncdex (20 kg)

4350

4450

4360

4460

-10

Jeera

Unjha

Best Quality (20 kg)

4550

4650

4660

4760

-110

Jeera

Unjha

Bomabay BOLD (20 kg)

4750

4850

4760

4860

-10

Jeera

Rajkot

Europe Quality (20 kg)

4480

4580

4370

4470

110

Jeera

Rajkot

Singapore Quality (20 kg)

4330

4480

4270

4370

110

Jeera

Rajkot

Discolor (20 kg)

4080

4330

4070

4270

60

Jeera

Rajkot

Super Quality (20 kg)

4580

4680

4470

4570

110

Jeera

Rajkot

Europe - Mundra (20 kg)

5030

5080

5145

5170

-90

Jeera

Rajkot

Singapore Mundra (20 kg)

4800

4850

4920

4970

-120

Coriander seed

Coriander prices also remained mixed last week amid weak activities as two major festivals- Moharram and Rakshabandhan fell last week, The processors as well as the traders were not active in the market. Further, it is a truncated week as trading remained suspended on account of Independence Day on Monday.

Coriander seed futures settled slightly up on a weekly basis on Friday.

Commodity

Market

Variety

8/13/2022

8/6/2022

Change

Min

Max

Min

Max

Dhaniya

Ramaganj

BADAMI Rs 100kg (Bag

10200

10300

10300

10400

-100

Dhaniya

Ramaganj

EAGLE

10500

10700

10500

10700

0

Dhaniya

Baran

BADAMI Rs 100kg (Bag 40kg)

10300

10500

10400

10500

0

Dhaniya

Baran

EAGLE

10800

11000

10800

11000

0

Dhaniya

Kumbhraj

BADAMI

10400

10600

10400

10600

0

Dhaniya

Kumbhraj

EAGLE

10800

11000

10800

11100

-100

Dhaniya

Guna

BADAMI

9500

10000

9500

10000

0

Dhaniya

Guna

SCOOTER

11000

11500

11000

11600

-100

Dhaniya

Guna

EAGLE

10200

10600

10500

10800

-200

Dhaniya

Rajkot

BADAMI (20 Kg) Bag 40Kg

2180

2230

2200

2250

-20

Dhaniya

Rajkot

Eagle(20 Kg)

2230

2280

2250

2300

-20

Dhaniya

Rajkot

SCOOTER (20 Kg)

2280

2330

2300

2350

-20

Turmeric

Turmeric prices were mostly mixed last week and no significant change is expected from the current scenario as local demand is down. However, demand for turmeric is expected to increase from October but after a big fall witnessed in past month, recovery is seen but prices are expected to remain in narrow range. Turmeric futures gained nearly 5% last week.

Commodity

Market

Variety

8/13/2022

8/6/2022

Change

Min

Max

Min

Max

Turmeric

Erode

Gattha

6300

6500

6300

6500

0

Turmeric

Erode

Finger Rs 100kg - Bag75kg

7200

7400

7300

7500

-100

Turmeric

Duggirala

Finger Rs 100kg - Bag70kg

5500

6000

5500

6000

0

Turmeric

Duggirala

Gattha

5500

6000

5500

6000

0

Turmeric

Nizamabad

Gattha 100 kg- 60 kg

6800

6800

6800

6800

0

Turmeric

Nizamabad

Finger

7800

7800

8000

8000

-200

Turmeric

Nizamabad

D P Finger

8200

8200

8300

8300

-100

Turmeric

Nizamabad

D P Gattha

7300

7300

7400

7400

-100

Turmeric

Sangli

Kadapa

6800

6800

6800

6800

0

Turmeric

Sangli

Rajapuri

7900

7900

7900

7900

0

Turmeric

Nanded

Gattha Rs 100kg - Bag 70Kg

5000

6700

5000

6700

0

Turmeric

Nanded

Finger

6000

8200

6000

8000

200

Turmeric

Warangal

Gattha Rs 100kg - Bag 60Kg

5500

5750

5500

5500

250

Turmeric

Warangal

Finger

5900

6150

5900

5900

250

Turmeric

Warangal

BULB POLISHED

6800

6800

6800

6800

0

Turmeric

Warangal

FINGER POLISHED

6900

7000

6900

6900

100

Turmeric

Kesamudram

Gattha Rs 100kg - Bag 75Kg

5621

5621

5494

5494

127

Turmeric

Kesamudram

Finger

6364

6364

5700

5700

664

(By Commodities control Bureau; +91 9820130172)


       
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