Friday, 5 February 2016
Strong export demand has kept the small cardamom markets steady/easier at auctions held in Kerala and Tamil Nadu.
Exporters are said to be holding good orders in hand, but they were not getting exportable variety capsules in required volumes.
Cardamom prices in spot market dropped by 3.40 rupees and settled at 753.30 rupees.
Mustard seed prices ended with gains after rabi sowing in India dropped, indicating supply worries.
According to Ministry of Agriculture rabi oilseed sowing is around 7.7 million hectare compared to 7.9 million hectare previous year same duration.
India's mustard output is seen rising for the first time in three years and top producing Rajasthan state could grow 3.5 million tonnes
In the Alwar spot market in Rajasthan the price gained 18 rupee to 3908.2 rupees per 100kgs.
Maize prices settled flat as the arrivals are dwindling and imports are yet to take off in a large quantum.
South Africa's Grain SA lowered its estimate for imports of maize to 3.8 million tonnes from a previous estimate of 5 million tonnes.
NCDEX accredited warehouses maize stocks dropped by 101 tonnes to 21155 tonnes.
In Nizamabad maize prices dropped -3.65 rupee to end at 1503 rupees per 100 kg.
Crude palm oil prices ended with gains on supply worries in global market.
Prices of the palm oil were also supported by supply worries after India's palm oil imports for December month fell.
India's Crude palm oil imports slipped 29.24% to 778,815 tons in December compared to 551,058 tons in the same period a month ago.
Crude palm oil prices in spot market gained by 2.80 rupees and settled at 454.90 rupees.