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21st Nov 09 (Indicative
prices)
Spices Prices & futures India
Black Pepper MGI - US$ 3350-3375 pmt fob Kochi port
The pepper prices have shown the drop this week though they were up today.
Spot market is at discount to futures contracts. Brazilian origin is the
most competitive at present getting offered for US$ 2900 per ton fob.
B-1 and B-2 are at US$ 2800 & 2700 pmt fob Brazilian port respectively.
Pepper futures (approx. in US$ / per 100kg) - Dec - US$ 325.4, Jan -
329.9, Feb - 333.3, Mar - 337.4
Cumin Seed - Jeera
Machine Cleaned 99%
The Dec and Jan contracts for jeera moved up by nearly 7.3% and 7.85%
respectively during this week. Today, all the contracts hit the upper
circuit. The delay in sowing of the crop and the higher prices of other
international origins pushed it upwards. At present there is vast difference
between the spot and near month futures contract.
Jeera futures (approx. in US$ / per 100kg) - Dec US$ 321.90, Jan - US$
329.6
Spot market US$ 290.30
Coriander Seed: US$ 950-975 pmt fob Kandla
/ Mundra port
Turmeric
The dec contract for turmeric (haldi) dropped down by more than 6.5%
during the week due to good rains at its major producing regions while
the april contracts were up this week by approx. 3% as carry over stock
is expected to be low.
Turmeric futures (approx. in US$ / per 100kg) Dec - 222.9, Apr - 155.2
Red Chilly Guntur LCA 334 (Pala)
The dec month contracts were more or less on the same level while feb
futures moved up by more than 2.5% this week.
Chilly futures contracts (approx. in US$ / per 100kg) Dec - 135.1 Feb
- 128.5
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