Pepper

Trend for pepper remains bearish due to reports of a recovery in arrivals in Vietnam.

The regulations imposed by the Forward Market Commission to raise the margin amount may also weigh on the market. Spot market activities continued to remain stable amid limited participation by traders. There are reports that overseas buyers are staying away from the market amid prevailing higher rate for Indian variety. 

Jeera

Jeera futures ended close to a 20-month low due to rising arrivals amid weak domestic demand. Steadily rising arrivals from Rajasthan are weighing on the market sentiment, a report from Geojit Comtrade said. Normal arrivals from Rajasthan are expected to increase in the coming weeks.

Turmeric

Turmeric may expand its weak movement due to rise in arrivals in major spot markets amid higher output estimates. However, reports that Andhra Pradesh State Co-operative Marketing Federation Ltd is planning to procure 5400 tonnes of turmeric by April, may limit the fall in prices in short-term.

Cardamom

Futures price of cardamom increased due to reports of a pick-up in demand in the spot market. Meanwhile, the new regulations imposed by the Forward Market Commission to raise the margin amount to curb the speculation are likely to weigh on the prices.

There is a decline in supply at the auction centres in Kerala and Tamil Nadu as the harvest season has come to an end.

Chillies

Chilli futures traded down tracking the fall in spot prices. Sharp rise in arrivals was witnessed as the market re-opened after holiday. The arrivals are expected to gather pace in the upcoming days. The probability of a rise in export demand is likely to cushion the fall. The demand has increased from Sri Lanka, China, Pakistan, Malaysia and the US. 

cj@thehindu.co.in

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