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Indian spice complex remain mixed last week, improved buying expected ahead

18 Jul 2022 10:35 am
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Mumbai, July 18 (Commoditiescontrol) Spice complex saw a mixed tone last week amid interrupted demand and supply due to rains received in large parts of the country, particularly in south and central India. However, further trend is appearing positive as the demand for major spices from locals as well as the exporters is expected to remain firm. The export demand for some spices like chilli is likely to remain strong in near term. But, the export demand for cumin seed during the current season may remain low as the crop size is very weak this year.



Jeera


Jeera or cumin seed prices were mixed in the physical markets while futures ended lower higher on Friday compared to last week’s closing. As per the trade analysts, jeera may see upsides movement this amid improved demand as the local processors will increase buying ahead of festive season. The export demand for jeera is also expected to remain firm in near term.


Globally, India is the only country which is still in a position to supply cumin to the overseas market. Syria's crop is reported to have come absolutely negligible in the event of drought. Turkey has exited the international cumin market for the last 2 years.


Prices of cumin seed remained weak in the benchmark market of Unjha last week while Rajkot market witnessed firm tone.

Commodity

Market

Variety

16-07-2022

09-07-2022

Change

Min

Max

Min

Max

Jeera

Unjha

Rough (20 kg)

3700

3800

3620

3720

80

Jeera

Unjha

Ncdex (20 kg)

4000

4100

4020

4120

-20

Jeera

Unjha

Best Quality (20 kg)

4150

4250

4170

4270

-20

Jeera

Unjha

Bomabay BOLD (20 kg)

4250

4350

4270

4370

-20

Jeera

Rajkot

Europe Quality (20 kg)

4200

4250

4100

4150

100

Jeera

Rajkot

Singapore Quality (20 kg)

4000

4200

3950

4100

100

Jeera

Rajkot

Discolor (20 kg)

3800

4000

3750

3950

50

Jeera

Rajkot

Super Quality (20 kg)

4250

4350

4150

4200

150

Jeera

Rajkot

Europe - Mundra (20 kg)

4800

4850

4600

4650

200

Jeera

Rajkot

Singapore Mundra (20 kg)

4600

4650

4450

4500

150



Turmeric


Turmeric prices were also mixed last week in the physical market while futures ended a little lower due to weak sentiment last week. There was no change in the prices of turmeric on weekly basis in the markets of Erode and Nizamabad. But, prices were down Rs 100 per quintal at Duggirala while Warangal market witnessed firmer tone last week as the supply remained interrupted due to rain.

Commodity

Market

Variety

16-07-2022

09-07-2022

Change

Min

Max

Min

Max

Turmeric

Erode

Gattha

6300

6500

6300

6500

0

Turmeric

Erode

Finger Rs 100kg - Bag75kg

7300

7500

7300

7500

0

Turmeric

Duggirala

Finger Rs 100kg - Bag70kg

5500

6300

5600

6400

-100

Turmeric

Duggirala

Gattha

5500

6300

5600

6400

-100

Turmeric

Nizamabad

Gattha 100 kg- 60 kg

6800

6800

6800

6800

0

Turmeric

Nizamabad

Finger

8000

8000

8000

8000

0

Turmeric

Nizamabad

D P Finger

8200

8200

8300

8300

-100

Turmeric

Nizamabad

D P Gattha

7200

7200

7200

7200

0

Turmeric

Sangli

Kadapa

6000

6500

6200

6400

100

Turmeric

Sangli

Rajapuri

7900

8000

8000

8000

0

Turmeric

Nanded

Gattha Rs 100kg - Bag 70Kg

6000

7200

6000

7200

0

Turmeric

Nanded

Finger

6500

8500

6500

8500

0

Turmeric

Warangal

Gattha Rs 100kg - Bag 60Kg

5800

5800

5500

5500

300

Turmeric

Warangal

Finger

6200

6200

5900

5900

300

Turmeric

Warangal

BULB POLISHED

7000

7000

6900

6900

100

Turmeric

Warangal

FINGER POLISHED

7100

7100

7000

7000

100

Turmeric

Kesamudram

Gattha Rs 100kg - Bag 75Kg

5500

5500

5500

5500

0

Turmeric

Kesamudram

Finger

5750

5750

5900

5900

-150



Chilli


Chilli prices extended gains last week on strong demand from exporters and locals as well. Indian chilli has attracted good demand in the international market these days, a trade analyst said. Second positive factor for upward movement in prices is the acreage of red chilli is expected to remain lower in the major producing belts as some areas of chilli have shifted to cotton. Besides, pest attack on chilli crop may further affect the production which will support its positive price trend.

Commodity

Market

Variety

16-07-2022

09-07-2022

Change

Min

Max

Min

Max

Chilli

Guntur

334 - 1kg (Bag -35kg)

170

255

170

250

5

Chilli

Guntur

TEJA

175

233

170

223

10

Chilli

Guntur

SYNGENTA

210

280

200

260

20

Chilli

Guntur

273

220

265

200

250

15

Chilli

Guntur

Endo-5:

200

275

200

270

5

Chilli

Guntur

341

230

290

220

280

10

Chilli

Guntur

4884

160

210

170

205

5

Chilli

Guntur

DD

220

275

220

275

0

Chilli

Khammam

TEJA

220

225

205

223

2

Chilli

Khammam

FATKI

130

130

125

125

5



Coriander seed


Coriander seed prices were also mixed in the physical markets as per the demand and arrivals of the spice in the market yard as rains and cloudy weather conditions affected the trade activities.

Commodity

Market

Variety

16-07-2022

09-07-2022

Change

Min

Max

Min

Max

Dhaniya

Kota

BADAMI Rs 100kg - (Bag 40kg)

10800

11000

10500

11100

-100

Dhaniya

Kota

EAGLE

10700

10800

10200

10800

0

Dhaniya

Ramaganj

BADAMI Rs 100kg (Bag

10800

10900

10800

11000

-100

Dhaniya

Ramaganj

EAGLE

11200

11300

11300

11500

-200

Dhaniya

Baran

BADAMI Rs 100kg (Bag 40kg)

10800

11000

10800

11000

0

Dhaniya

Baran

EAGLE

11700

11800

11500

11900

-100

Dhaniya

Kumbhraj

BADAMI

10800

11000

11000

11400

-400

Dhaniya

Kumbhraj

EAGLE

11200

11500

11500

11700

-200

Dhaniya

Guna

BADAMI

10400

10500

11000

11200

-700

Dhaniya

Guna

SCOOTER

11800

11900

12000

12400

-500

Dhaniya

Guna

EAGLE

10800

11200

11300

11800

-600

Dhaniya

Rajkot

BADAMI (20 Kg) Bag 40Kg

2250

2300

2170

2220

80

Dhaniya

Rajkot

Eagle(20 Kg)

2300

2350

2220

2270

80

Dhaniya

Rajkot

SCOOTER (20 Kg)

2350

2400

2270

2320

80


Production of total spices are expected to remain at 109.07 lakh tonnes in 2021-22, as per the second advance estimates released by the Union Agriculture Ministry. The data released on Thursday showed some improvement as compared to first advance estimates but the total production of spices is down by 1.8% from 111.17 lakh tonnes reported in the last season 2020-21.



Area under red chill is 6.94 lakh ha in 2021-22 against 7.02 lakh ha in 2020-21 and production of red chilli is estimated at 18.66 lakh tonnes in 2021-22 against 20.49 lakh tonnes in 2020-21.



Area under coriander is 6.32 lakh ha in 2021-22 against 6.56 lakh ha in 2020-21 and production of coriander seed is estimated at 8.01 lakh tonnes in 2021-22 against 8.91lakh tonnes in 2020-21.


Area under cumin seed is 10.37 lakh ha in 2021-22 against 10.87 lakh ha in 2020-21 and production of cumin seed is estimated at 7.26 lakh tonnes in 2021-22 against 7.95lakh tonnes in 2020-21.

Area under black pepper is 2.88 lakh ha in 2021-22 against 3.09 lakh ha in 2020-21 and production of black pepper is estimated at 0.97 lakh tonnes in 2021-22 against 1.41lakh tonnes in 2020-21.


Area under turmeric is 3.50 lakh ha in 2021-22 against 2.93 lakh ha in 2020-21 and production of turmeric is estimated at 13.31 lakh tonnes in 2021-22 against 11.24lakh tonnes in 2020-21.


       
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