Market pulse for agro commodities : Mangal Keshav

Arrivals of jeera crop declined to about 19,000- 20,000 bags & the same were traded at auctions held at Unjha market

Arrivals of chilli crop increase to more than 50,000 bags while off-take remained steady supported by demand from stockist as Guntur market. Spot rates were closed slightly higher but remained around '50-'55 per kg, based on crop quality.

Arrivals of jeera crop declined to about 19,000- 20,000 bags & the same were traded at auctions held at Unjha market. Spot rates were up & quoted around '123-'125 per kg, as per local traders.

Spot rates of pepper garbled were steady at '356 per kg and that of un-garbled was unchanged at '341 per kg while arrivals declined to 44 tons & the same were traded at auctions held at Kochi market, as per IPSTA.

Arrivals of turmeric crop eased marginally to ~15,000 bags at Nizamabad market, declined below 5,000 bags at mandis of Erode & about 4,000-4,200 bags at Sangli market. Spot rates were unchanged at '53-'55 per kg, as per local traders.

Average price of small cardamom declined to '620.1 per kg while maximum price offered was down at '1,032 per kg, as per spice board. Total inflow of small cardamom crop declined to 58.5 tons from which 58.3 tons were sold at CPMC auction held at Kumily.

Arrivals of Soya bean crop declined to 1,500 bags at mandis of Indore & were down ~0.4lakh bags at MP market while supply was steady ~0.19- 0.2lakh bags each across mandis of Rajasthan & Maharashtra, as per local traders.

Spot rates of soya bean crop offered by planters were up at '39.5-'41 per kg while rates across major mandis of Indore were up at '38.5-'39.5 per kg, as per local traders.

Inflow of mustard seed crop declined to 76,856 quintals, while average of closing spot rates were down at '3,044.1 per quintal, as per agriculture marketing board of Rajasthan.

Total arrivals of mustard seed crop fell below 4.5lakh bags across major trading center while spot rates were steady & quoted at '33-'36 per kg based on quality & location, as per market reports.

Chana futures continued their bearish trend on the exchange counter while spot rates too were down at '34-'34.5 per kg, pressured by increase in supply due to higher output. Off-take remains steady supported by local demand.

Spot rates of mentha oil fell by another '25-'30 pet kg, on poor demand & higher supply of about 180-200 drums at local market. Futures too were down, following cues from the spot market.