Market pulse for agro commodities: Mangal Keshav

Arrivals of chilli crop declined to about 50,000 bags while demand has eased slightly due to financial year ending & poor exports at higher prices. Spot rates were quoted at '56-'62 per kg at Guntur market.

Spot market for Jeera will remain close till April 2, due to financial year ending. Spot rates of pepper garbled increased to '363 per kg and that of un-garbled was up at '348 per kg. Arrivals declined to 7 tons while trades too were down at 10 tons at auctions held at Kochi market, as per IPSTA.

Turmeric update : Erode market will remain close on March 26-27 and then from March 29 to April 8, while Nizamabad and Sangli markets will remain shut from March 26 to April 1 for holi and financial year closing.

Average price of small cardamom declined to '644.5 per kg while maximum price offered was down at '969 per kg, as per spice board. Total inflow of small cardamom crop declined to 61.4 tons from which 61.1 tons were sold at CPMC auction held at Kumily.

Arrivals of Soya bean crop declined below 20,000 bags across MP market & about 1,000 bags at mandis of Indore while supply at mandis of Maharashtra stood ~15,000 bags & at mandis of Rajasthan ~10,000 bags, as per trade reports.

Spot rates of soya bean crop offered by planters were steady at '37-'37.5 per kg while rates across mandis of Indore were unchanged around '36 per kg, as per local traders.

Spot rates of Soya bean seed Indore (ex-mandi) closed up at '35.5 per kg, while that of Mustard seed Rajasthan closed down at '34 per kg, as per SEA of India.

Guar seed arrivals declined to 14,065 quintals, while the average of the closing spot rates were up at '9,570.3 per quintal.
Inflow of mustard seed crop declined to 154,625 quintals, while average of closing spot rates were down at '3,065.4 per quintal, as per agriculture marketing board of Rajasthan.

Arrivals of chana crop were seen steady across major trading centers; however off-take has declined ahead of Holi festival & is expected to pick up from April onwards. Spot rates were down & quoted at '33-'33.5 per kg.

Mentha oil futures closed in negative for the 5th consecutive week & declined close to its strong support level of 1,030 per kg. Spot rates too were down around '1,200-'1,220 per kg, in the absence of buyers while supply remain steady at
200-250 drums on a daily basis.