Market pulse for key agro commodities: Mangal Keshav

Arrivals of chilli crop declined to below 0.4-0.42lakh bags while demand too has eased at Guntur market in expectation that prices would decline further. Spot rates were quoted around '53-'58 per kg based on crop quality, as per trade reports.

Arrivals of jeera crop increased 18,000-20,000 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
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 75 tons & trades too were down at 78 tons at auctions held at Kochi market, as per IPSTA.

Arrivals of turmeric crop were unchanged at 15,000 bags at Nizamabad market, ~5,000 bags each across mandis of Erode & at Sangli market. Spot rates were unchanged at '53-'55 per kg, as per local traders. 

Average price of small cardamom declined to '588.7 per kg while maximum price offered was down at '855 per kg, as per spice board.

Total inflow of small cardamom crop increased to 86.5 tons from which ~86 tons were sold at KCPMC auction held at Thekkady.

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 seed Indore (ex-mandi) closed at '39 per kg while that of Mustard seed Rajasthan closed at '32.25 per kg, as per SEA of India.

Inflow of mustard seed crop increased to 87,768 quintals, while average of closing spot rates were down at '3,023.5per quintal, as per agriculture marketing board of Rajasthan.

Chana futures remained under selling pressure, due to heavy supply across major mandis while demand remains steady among local buyers.

Mentha oil futures continued their bearish trend last week closing in negative for the 10th consecutive week while spot rates too have declined in same period, mainly due to higher productions estimates, dull demand & steady supply across major trading centers on a daily basis.

India's total food grain production is likely to be 255.36mn tons, well above the second estimate of 250.14mn tons, as per the third food grain advance estimates of 2012-13. In 2011-12, India had produced 259.32mn tons of food grains.