Market pulse for various agro commodities: Mangal Keshav

Arrivals of chilli crop declined to about 35,000 bags while off-take remained steady on supportive local demand at auctions held at Guntur market. Spot rates were offered in the range of '60-'63 per kg.

Arrivals of jeera crop eased slightly to about 35,000 bags while demand too was down with 30,000 bags getting traded auctions held at Unjha market. Spot rates are trading firm at '132-'134 per kg, as per local traders.

Spot rates of pepper garbled declined '365 per kg and that of un-garbled was down at '350 per kg. Arrivals declined to 27 tons while trades too were down at 25 tons at auctions held at Kochi market, as per IPSTA.

Arrivals of turmeric crop declined below 10,000 bags at Nizamabad market, but increased to more than 6,500 bags across mandis of Erode. Spot rates traded firmly & were quoted in the range of '67-'70 per kg across different locations, as per local traders.

Kerala government has cut VAT on Cardamom auctions to 2% from 5%, in order to help cardamom auctioneers, but this would benefit only those who conducted auctions in the recognized centers of the spices board. Average price of small cardamom declined to '638.2 per kg while maximum price offered was down at '873 per kg, as per spice board. Total inflow of small cardamom crop declined to 27.6 tons from which ~25.9 tons were sold at GHCM auction.

Arrivals of Soya bean crop declined to about 0.8lakh bags across MP market & down ~2,500 bags at mandis of Indore while supply was down to 0.15-0.2lakh bags each across mandis Maharashtra & Rajasthan, as per trade reports.

Spot rates of Soya bean seed Indore (ex-mandi) closed at '35 per kg while that of Mustard seed Rajasthan closed at '34 per kg., as per SEA of India.

Inflow of mustard seed crop increased to 115,049 quintals, while average of closing spot rates were down at '3,114.4 per quintal, as per agriculture marketing board of Rajasthan.

Average arrivals of chana crop were reported steady across major trading centers while demand too has started picking up ahead of local festivals. However, prices at spot & on futures remained steady with slight gains in last couple of sessions.

Mentha oil futures eased om profit booking, while spot rates too were down by '10-'12 per kg on increased supply & poor demand at local mandis.

Arrivals of oil drums increased to more 400 across major trading centres.