Market pulse for agro commodities : Mangal Keshav

Arrivals of chilli crop increased to more than 0.8lakh bags while trades too were up on strong demand among local buyers & exporters. Spot rates were up & quoted steady at '57-'61 per kg, based on crop quality.

Arrivals of jeera crop declined to about 30,000- 32,000 bags while trades too were down to ~28,000 bags at auctions held at Unjha market. Spot rates were quoted at '130-'132 per kg, as per local traders.

Spot rates of pepper garbled were unchanged '362 per kg and that of un-garbled was steady at '347 per kg while arrivals declined to 18 tons & trades were down at 20 tons at auctions held at Kochi market, as per IPSTA.'

Arrivals of turmeric crop increased at ~30,000 bags at Nizamabad, while supply at mandis of Erode stood at 6,000-6,500 bags. Spot rates were up & quoted at '65-'68-70 per kg, as per local traders.

Average price of small cardamom declined to '574 per kg while maximum price offered was down at '792 per kg, as per spice board. Total inflow of small cardamom crop declined to 37.4 tons from which ~33.4 tons were sold at CPA auction held at Santhanpara.

Arrivals of Soya bean crop increased to more than 75,000-80,000 bags at MP market & increased to about 3,000 bag at Indore mandis while supply across mandis of Rajasthan stood ~20,000 & at mandis of Maharashtra ~25,000 bags, as per trade reports.

Spot rates of soya bean crop offered by planters were DOWN at '41-'41.5 per kg while rates across major mandis declined to '40-'40.5 per kg, as per local traders.

Guar seed arrivals declined to 25,380 quintals, while the average of the closing spot rates were down at '9,400.8 per quintal. Inflow of mustard seed crop increased to 374,002 quintals, while average of closing spot rates were down at '3,159.9 per quintal, as per agriculture marketing board of Rajasthan.

Mentha oil futures closed at lower circuit buy mid-session, while spot rates too were down by more than '30 per kg, pressured by poor demand, steadily supply & chart based selling on the exchange counter. Daily arrivals have declined to 100-120 drums.