Pepper gained as strong domestic demand ahead of winter season and export demand supported prices
The total production of pepper in 2011 is lower by 17,230 mt to 3,18,000 from 3,35,230 in 2010 - IPC
NCDEX accredited warehouses pepper stocks dropped by 70 tonnes to 4962 tonnes.
Spot pepper dropped -149.15 rupees to 33592.5 rupees per 100 kg in Kochi market.
Soyabean trading range is 2154-2216.
Soyabean moved up as some buying was witnessed at lower levels due to sturdy trend in international market
Soybean arrivals have risen in MP and Maharashtra as farmers have accelerated harvesting after a key festival
NCDEX accredited warehouses soyabean stocks gained by 1033 tonnes to 3689 tonnes.
At the Indore spot market in top producer MP, soybean gained 5 Rs to 2175Re 100 kgs.
Chana trading range is 3241-3405.
Chana gained on some buying support after prices dropped on the back of strong rabi sowing progress
The total sowing acreage of chana in the Rajasthan augmented by almost 76%
NCDEX accredited warehouses chana stocks gained by 68 tonnes to 104710 tonnes.
In Delhi spot market, chana fell down by -115.5 rupee to end at 3409.5 rupee per 100 kgs.
Turmeric trading range is 4621-5085.
Turmeric ended weak weighed by increased supplies at Erode amid estimates of a rise in production
Farmers have increased the supplies at Erode market apprehending further fall in the prices
NCDEX accredited warehouses turmeric stocks gained by 10 tonnes to 5119 tonnes.
In Nizamabad, a major spot market in AP, the price ended at 5595 rupees dropped by -47.1 rupees.
Jeera trading range is 12624-13852.
Jeera dropped triggered by weak export demand and higher production expectations on favorable weather reports
Strong carryover stocks in major mandies also added some selling at higher levels
NCDEX TIPS accredited warehouses jeera stocks gained by 230 tonnes to 11404 tonnes.
In Unjha, a key spot market in Gujarat, jeera dropped -238 rupees to end at 14282 rupees per 100 kg.
Menthaoil trading range is 1292.8-1351.
Menthaoil spot is at 1480/-.Spot market is down by Rs.15/-.
Menthaoil dropped due to profit booking by the traders on falling demand in the spot market
Increasing arrival pressure was also noted in the mandis.
Menthaoil looks to take support at 1306.40 and resistance at 1335.30 level.
Regards,
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