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Pepper: Pepper prices are expected to witness volatility during today’s trading session amid prevailing mixed sentiments across the spot markets. On one hand, limited supply might cushion prices while on other had, shifting of importers to other cheap destination amid higher Indian prices might weigh on prices.
Turmeric : Turmeric prices are expected to continue the recovery amid declining arrivals in lieu of rise in prices at spot market of Unjha. Arrivals reporting at spot market are record low arrivals which might support turmeric prices. According to trade sources, due to prevailing rains in north India demand is remaining weak but as soon as weather recovers demand will emerge from north India.
Jeera : Jeera prices are projected to extend the recovery on short covering amid lower arrivals at spot market of Unjha. However, overall fundamentals are weak amid rising prospects of better production in coming season supported by revival of monsoon. Therefore, this recovery is expected to remain short live backed by overall bearish fundamentals. Domestic buyers as well as exporter are staying away from market which might also weigh on jeera prices in near term.
Chilli : Chilli prices are projected to take slight recovery on lower level buying. Sudden fall in arrivals along with data released by AP government showing slow down in sowing progress might support chilli prices to move up. Nevertheless, this recovery is likely to remain short live as overall fundamentals are still bearish amid weak demand at
domestic as well as export front.
Cardamom : Cardamom prices are projected to extend the recovery on lower level buying during early trading hours. Some fresh demand has noticed at domestic front which might support cardamom prices. However, overall trend is still weak amid higher carry forward stocks.
