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12th Nov 09
Spices: (indicative
prices per ton)
Cumin Seed - Jeera
Machine Cleaned 99%-US$ 2725-2750 fob
Kandla / Mundra
The jeera prices have moved up this week due to
good export demand as prices of other origins are on higher side. The
weather shall play an important role in coming days for future movements.
At present its looks favorable for production so despite overseas demand
prices may remain stable. Turkey prices are indicatively at usd 2900 per
ton fob Izmir port.
Though the futures contracts showed marginal drop
today, Nov and Dec contracts had moved up this week by more than 1.5%.
Jeera Futures (approx in US$ / per 100kg) - Nov
- 292, Dec - 300.5, Jan - 305.5, Feb - 311
Black Pepper MGI - US$ 3325-3350 pmt fob Kochi port
The pepper prices once again moved up due to domestic
demand. The upward movement could have been more but due to the availability
of other origins at lesser prices. Brazilian origin is at around US$ 3000
per ton fob while Vietnamese and Indonesian origins too are at discount
to Indian produce.
The futures prices dropped down today but were
up this week compared to last week's closing.
Pepper futures (appox. in US$ per 100kg) - Nov - USD 322.5, Dec - 327,
Jan - 333, Feb - 336, Mar - 336, Apr - 340
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