Market pulse for agro commodities : Mangal Keshav

Arrivals of chilli crop increase to 0.6-0.62lakh bags while majority of the supply was sold-out, on firm demand among stockist as Guntur market. Spot rates were down along with futures, pressured by increase in supply at major mandis.

Arrivals of jeera crop declined to about 15,000- 16,000 bags & the same were traded at auctions held at Unjha market. Spot rates were steady & quoted around '122-'123 per kg while exchange quality crop was offered at '132-'133 per kg, as per trade reports.

Spot rates of pepper garbled were steady at '356 per kg and that of un-garbled was unchanged at '341 per kg while arrivals increased to 68 tons & trades too were up at 70 tons at auctions held at Kochi market, as per IPSTA.

Arrivals of turmeric crop declined to 12,000- 13,000 bags at Nizamabad, were unchanged ~5,000 bags at mandis of Erode & increased to 6,000 bags at Sangli market. Spot rates were steady at '53-'55 per kg, as per local traders.

Average price of small cardamom declined to '614.2 per kg while maximum price offered was down at '894 per kg, as per spice board. Total inflow of small cardamom crop increased to 64.3 tons from which 61.7 tons were sold at auction held at Nedumkandam.

Arrivals of Soya bean crop increased to about 2,000 bags at mandis of Indore & more than 0.6lakh bags at MP market while supply was steady ~0.15-0.2lakh bags each across mandis of Rajasthan & Maharashtra, as per local traders.

Spot rates of soya bean crop offered by planters were down at '39.5-'40 per kg while rates across major mandis of Indore were down at '38.5-'39 per kg, as per local traders.

Inflow of mustard seed crop declined to 62,100 quintals, while average of closing spot rates were down at '3,011.2 per quintal, as per agriculture marketing board of Rajasthan.

Total arrivals of mustard seed crop declined further to 4-4.2lakh bags across major trading center while spot rates were down & quoted at '32.5-'35 per kg based on quality & location, as per market reports.

Chana futures were by about 1% during intra-day trades, lead by buying support at lower levels while spot rates too closed slightly higher on firm demand among stockist & steady supply in the market.

Mentha oil futures continued their bearish trend on the exchange counter while spot rates too were down by '15-'20 per kg, on steady supply of ~180-200  rums, reports of higher output in the upcoming season & poor demand from local & overseas market.