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Week Ahead: Spice prices likely to remain sideways amid arrival pressure, firm fundamentals

14 Mar 2022 12:07 pm
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Mumbai, 14 March (Commoditiescontrol) Spice complex is likely to extend its mixed price trend this week amid arrival pressure and firm fundamentals. Stockiest as well as the exporters in wait and watch mood amid uncertainty emerged due to geopolitical tensions, an analyst said.


Spice complex is expected to remain bullish in the long-term due to low crop-size of spices like cumin seed, red chilli, coriander and turmeric as well, but prices may remain under pressure in short-term due to arrival pressure and geopolitical tension, Ajay Kedia, Director Kedia Advisory, said.



Red chilli

Red chilli prices remained mixed in the last week and similar trend may extend next week as arrivals of fresh crop is regularly seen. However, stockiest are seen interested in good quality of the produce.

Commodity

Market

Variety

11-03-2022

04-03-2022

Change

Weekly Arrivals (Approx)

Min

Max

Prev. Min

Prev. Max

Chilli

Guntur

334 - 1kg (Bag -35kg)

140

184

140

180

4

540000

Chilli

Guntur

TEJA

140

184

140

182

2

Chilli

Guntur

SYNGENTA

150

205

150

210

-5

Chilli

Guntur

273

150

190

150

190

0

Chilli

Guntur

Endo-5:

160

220

150

210

10

Chilli

Guntur

341

190

220

170

220

0

Chilli

Guntur

4884

125

155

125

155

0

Chilli

Guntur

DD

190

215

180

210

5

Chilli

Warangal

334 1kg (Bag - 35kg)

160

180

150

180

0

170000

Chilli

Warangal

TEJA

150

178

150

185

-7

Chilli

Warangal

1048

160

185

150

170

15

Chilli

Warangal

341

180

225

180

225

0

Chilli

Warangal

TOMATO

280

360

270

295

65

Chilli

Warangal

W.HOT

180

232

170

225

7

Chilli

Khammam

TEJA

175

184

170

184

0

195000

Chilli

Khammam

FATKI

105

105

110

110

-5

Jeera

Jeera (Cumin seed) prices remained firm in the spot market and futures as well in the last week despite arrival pressure as crop-size is down compared to last year, a trade analyst said. Cumin seed prices gained Rs 150-250 per quintal in the market of Unjha while prices were quoted Rs 100-200 per quintal higher in the market of Rajkot on a weekly basis.

Commodity

Market

Variety

12-03-2022

05-03-2022

Change

Weekly Arrivals (Approx)

Min

Max

Prev. Min

Prev. Max

Jeera

Unjha

Rough (20 kg)

3550

3650

3300

3400

250

98000

Jeera

Unjha

Ncdex (20 kg)

3900

4000

3700

3800

200

Jeera

Unjha

Best Quality (20 kg)

4100

4200

4100

4200

0

Jeera

Unjha

Bomabay BOLD (20 kg)

4350

4450

4200

4300

150

Jeera

Rajkot

Europe Quality (20 kg)

4200

4300

4000

4200

100

24000

Jeera

Rajkot

Singapore Quality (20 kg)

4000

4200

3800

4000

200

Jeera

Rajkot

Discolor (20 kg)

3700

4000

3600

3800

200

Jeera

Rajkot

Super Quality (20 kg)

43000

4400

4200

4300

100

Jeera

Rajkot

Europe - Mundra (20 kg)

4600

4650

4400

4450

200

Jeera

Rajkot

Singapore Mundra (20 kg)

4250

4300

4250

4300

0

Coriander seed

Coriander seed prices were mixed last week amid arrival pressure. Prices of coriander seed fell in the market of Guna, Kota,

Baran while steady to firm trend was witnessed in the other markets.

Commodity

Market

Variety

12-03-2022

05-03-2022

Change

Weekly Arrivals (Approx)

Min

Max

Prev. Min

Prev. Max

Dhaniya

Guna

BADAMI Rs 100kg - (Bag 40kg)

8700

8800

8800

9000

-200

12900

Dhaniya

Guna

SCOOTER

9500

9800

9500

9900

-100

Dhaniya

Guna

EAGLE

9200

9400

9400

9700

-300

Dhaniya

Kota

BADAMI Rs 100kg - (Bag 40kg)

8500

8800

8700

9000

-200

10500

Dhaniya

Kota

EAGLE

8800

9200

9000

9400

-200

Dhaniya

Ramaganj

BADAMI Rs 100kg (Bag

9500

9600

9100

9200

400

25500

Dhaniya

Ramaganj

EAGLE

10000

10300

9500

9600

700

Dhaniya

Baran

BADAMI Rs 100kg (Bag 40kg)

9100

9300

9000

9300

0

15000

Dhaniya

Baran

EAGLE

9300

9500

9300

9600

-100

Dhaniya

Kumbhraj

BADAMI

8800

9200

8800

9200

0

30000

Dhaniya

Kumbhraj

EAGLE

9400

9600

9400

9600

0

Dhaniya

Rajkot

BADAMI (20 Kg) Bag 40Kg

1900

1925

1810

1910

15

33000

Dhaniya

Rajkot

Eagle(20 Kg)

1925

1975

1910

1960

15

Dhaniya

Rajkot

SCOOTER (20 Kg)

1975

2000

1960

2010

-10

Turmeric

Turmeric prices held steady/down last week and some improvement may be seen amid increasing demand at lower level but stockierest are seen in wait and watch modo. Therefore prices are unlikely to see more upsides. As per the trade analysts, turmeric prices may remain sideways this week.

Commodity

Market

Variety

11-03-2022

04-03-2022

Change

Weekly Arrivals (Approx)

Min

Max

Prev. Min

Prev. Max

Turmeric

Erode

Gattha

7200

7400

7200

7500

-100

30800

Turmeric

Erode

Finger Rs 100kg - Bag75kg

8000

8200

8000

8200

0

Turmeric

Nizamabad

Gattha 100 kg- 60 kg

7300

7400

7300

7400

0

75000

Turmeric

Nizamabad

Finger

8400

8500

8400

8500

0

Turmeric

Nizamabad

D P Finger

8600

8700

8600

8700

0

Turmeric

Nizamabad

D P Gattha

7900

8000

7900

8000

0

Turmeric

Sangli

Rajapuri

8200

8300

9100

9300

-1000

30800

Turmeric

Hingoli.

Gattha

7000

7100

7200

7300

-200

6000

Turmeric

Hingoli.

Finger Rs 100kg - Bag 50Kg

7200

8000

8100

8200

-200

Turmeric

Nanded

Gattha Rs 100kg - Bag 70Kg

6800

7300

7200

7700

-400

9000

Turmeric

Nanded

Finger

7000

8500

7200

8700

-200

Turmeric

Warangal

Gattha Rs 100kg - Bag 60Kg

6400

6500

7000

7500

-1000

425

Turmeric

Warangal

Finger

6600

6800

6500

7000

-200

Turmeric

Warangal

BULB POLISHED

7200

7200

7500

8000

-800

Turmeric

Warangal

FINGER POLISHED

7400

7400

6500

7000

400

Turmeric

Kesamudram

Gattha Rs 100kg - Bag 75Kg

5300

6500

6800

7000

-500

702

Turmeric

Kesamudram

Finger

6450

7000

6900

7100

-100

(By Commodities control Bureau; +91 9820130172)


       
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