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Week ahead: Indian spice complex to see improvement on increased demand

1 Aug 2022 1:46 pm
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New Delhi, August 1 (Commoditiescontrol) Indian spice complex witnessed mixed trend last week amid subdued demand and supply. Supply of the commodities remained interrupted in some of the markets due to heavy rainfall in most parts of the country. Cumin seed saw firm tone in the spot and futures as well due to low stocks which supported prices to go up.



Chilli prices stayed mixed last week but upside movement is expected this week on strong demand from locals and exporters as well.



Cumin seed

Cumin seed prices gained Rs 40 to 140 per 20kg in the benchmark market of Unjha on a weekly basis while Rajkot market witnessed a little fall in its prices amid moderate trade but futures ended higher last week.

Commodity

Market

Variety

30-07-2022

23-07-2022

Change

Min

Max

Min

Max

Jeera

Unjha

Rough (20 kg)

3880

3980

3740

3840

140

Jeera

Unjha

Ncdex (20 kg)

4230

4330

4090

4190

140

Jeera

Unjha

Best Quality (20 kg)

4380

4480

4340

4440

40

Jeera

Unjha

Bomabay BOLD (20 kg)

4480

4580

4440

4540

40

Jeera

Rajkot

Europe Quality (20 kg)

4260

4310

4280

4330

-20

Jeera

Rajkot

Singapore Quality (20 kg)

4110

4260

4130

4280

-20

Jeera

Rajkot

Discolor (20 kg)

3910

4110

3930

4130

-20

Jeera

Rajkot

Super Quality (20 kg)

4310

4380

4330

4400

-20

Jeera

Rajkot

Europe - Mundra (20 kg)

4980

5005

5000

5025

-20

Jeera

Rajkot

Singapore Mundra (20 kg)

4805

4830

4825

4850

-20

Red Chilli

Red chilli prices stayed mixed last week as demand had declined at higher level. As per the trade analysts, Indian chilli has strong demand in overseas market and local demand is also expected to gain, therefore, prices are likely to rise further this week.

Commodity

Market

Variety

30-07-2022

23-07-2022

Change

Min

Max

Min

Max

Chilli

Guntur

334 - 1kg (Bag -35kg)

170

265

170

265

0

Chilli

Guntur

TEJA

170

242

180

245

-3

Chilli

Guntur

SYNGENTA

220

290

220

290

0

Chilli

Guntur

273

225

285

220

280

5

Chilli

Guntur

Endo-5:

220

285

220

280

5

Chilli

Guntur

341

230

300

230

300

0

Chilli

Guntur

4884

175

220

180

220

0

Chilli

Guntur

DD

230

290

230

290

0

Chilli

Warangal

TEJA

210

235

220

250

-15

Chilli

Warangal

341

250

280

280

310

-30

Chilli

Warangal

W.HOT

330

350

320

356

-6

Chilli

Khammam

TEJA

210

235

210

241

-6

Chilli

Khammam

FATKI

130

130

130

140

-10

Coriander Seed

Coriander seed prices dropped in the physical markets amid poor demand last week but buying is likely to revive this week. At future trade prices of coriander seed, however, witnessed recovery in the past two sessions of the week but ended a little lower on a weekly basis.

Coriander for delivery in August ended at Rs 11830 per quintal on the NCDEX on Friday against Rs 12,016 per quintal a week earlier.

Commodity

Market

Variety

30-07-2022

23-07-2022

Change

Min

Max

Min

Max

Dhaniya

Kota

BADAMI Rs 100kg - (Bag 40kg)

9500

10000

10800

11000

-1000

Dhaniya

Kota

EAGLE

10000

10500

10700

10800

-300

Dhaniya

Ramaganj

BADAMI Rs 100kg (Bag

10400

10500

10800

10900

-400

Dhaniya

Ramaganj

EAGLE

10800

11000

11200

11500

-500

Dhaniya

Baran

BADAMI Rs 100kg (Bag 40kg)

10800

11000

10800

11000

0

Dhaniya

Baran

EAGLE

11700

11800

11700

11800

0

Dhaniya

Kumbhraj

BADAMI

10500

10700

10800

11000

-300

Dhaniya

Kumbhraj

EAGLE

11000

11200

11200

11400

-200

Dhaniya

Guna

BADAMI

10200

10400

10200

10500

-100

Dhaniya

Guna

SCOOTER

11800

12400

11800

12200

200

Dhaniya

Guna

EAGLE

10800

11400

10800

11400

0

Dhaniya

Rajkot

BADAMI (20 Kg) Bag 40Kg

2220

2270

2250

2300

-30

Dhaniya

Rajkot

Eagle(20 Kg)

2270

2320

2300

2350

-30

Dhaniya

Rajkot

SCOOTER (20 Kg)

2320

2370

2350

2400

-30

Turmeric

Turmeric prices ended mixed in the physical markets while futures ended flat at Rs 7700 per quintal. Turmeric market witnessed subdued demand from processors and traders as well. The market participants are waiting for the clear pictures of sowing trend as most of the farmers have opted other cops instead of turmeric in Maharashtra but good showing is reported in south India.

Commodity

Market

Variety

30-07-2022

23-07-2022

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

5100

6100

5700

6200

-100

Turmeric

Duggirala

Gattha

5100

6100

5700

6200

-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

8300

8300

8200

8200

100

Turmeric

Nizamabad

D P Gattha

7400

7400

7200

7200

200

Turmeric

Sangli

Kadapa

6400

6600

6000

6600

0

Turmeric

Sangli

Rajapuri

8000

8100

7900

8100

0

Turmeric

Nanded

Gattha Rs 100kg - Bag 70Kg

5500

7200

6000

7200

0

Turmeric

Nanded

Finger

5500

8400

6500

8500

-100

Turmeric

Warangal

Gattha Rs 100kg - Bag 60Kg

5800

5800

5800

5800

0

Turmeric

Warangal

Finger

6200

6200

6200

6200

0

Turmeric

Warangal

BULB POLISHED

6900

6900

6900

6900

0

Turmeric

Warangal

FINGER POLISHED

7000

7000

7000

7000

0

Turmeric

Kesamudram

Gattha Rs 100kg - Bag 75Kg

5511

5511

5570

5570

-59

Turmeric

Kesamudram

Finger

5850

5850

6310

6310

-460

(By Commodities control Bureau; +91 9820130172)


       
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