Spices Insights for November 23, 2016

0
304
  • Turmeric and Red Chilli prices witnessed a steady tone in the major spot markets across the country today.
  • In the Nizamabad and Erode market which is the benchmark for turmeric, improved supply was seen but the demand was limited keeping the prices steady.
  • Trading activities in the market was slow as the take off was low, an improvement can be expected if more farmers are willing to accept cheques.
  • Turmeric market in Erode witnessed improved supply of 1,500 bags (70kg each) against 150 bags previous session.
  • A steady tone observed in red chilli at the benchmark Guntur market amid limited domestic and overseas demand.
  • Red chilli supply at the market place was around 65,000 bags (35kg each), which includes 5,000 bags from new crop.
  • Peak supply of Red Chilli is expected from January as of now the harvest is in early stage. The prices are likely to drop after new crop arrivals as production is likely to much better than last year.
  • Cardamom arrivals have started to increase from producing regions signaling the recovery of market from effects of demonetization.

LEAVE A REPLY

Please enter your comment!
Please enter your name here