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9th Jan 10 (Indicative
prices)
Spices: (per ton)
Pepper - US$ 3100-3150 pmt fob Kochi port
The absence of export demand and new arrivals pulled the pepper prices
down. The bearish trend for it was expected. But the appreciating rupee
is not helping the exporters to be competitive as dollar has dropped by
almost 2% against rupee in last 10 days.
The Jan contracts were down by around 3.6% this week while feb month
pepper dropped by almost 3.8%. The market is expecting it to drop further
in coming days.
Pepper futures (approx. in US$ / per 100kg) : Jan @ 301.20, Feb @ 305.50,
March @ 310.55
Wholesale pepper prices in Indian market :
Delhi - US$ 340-350 per 100kg
Mumbai - US$ 355-365 per 100kg
Cumin Seed Jeera - pmt
fob Kandla/Mundra port
FAQ - US$ 2550-2650
Europe - US$ 2650-2750
The jeera market crashed this week due to weak export demand and expectaion
of higher production this season. There is already good stock of cumin
seed and with expectation of more output, the prices dropped down substantially
on futures counter. The crop is estimated to be 10% more than last year.
The Jan futures dropped by approx. 7.40% while feb contracts were down
by around 7.75% on ncdex, the indian commodity exchange.
Cumin seed futures India (approx. in US$ / per
100kg) - Jan @ 297.8, Feb - 302, March -306.7
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