Spice Market Report (Market Information)
July 13, 2017 at 8:33 AM ,
Rainbow Exports
Spice Market Information & News
Cumin Seeds:
Exchange rate is stable. Spot market sentiments are upside. Since two weeks Market was closed and no inward. Due to lot of demand but less supply in the market, physical market is up. Today Unjha Market has reopened after two weeks. Market is up by US$200 per mt., it is mainly due to demand from local and exports. Since last three days, it has seen bullish sentiment. Cumin seeds are being observed for one month in a row seeing the continuous decline during last month.
According to spot market experts, export demand of cumin is good. Over the past year, not only the targets of export deals of spices, but more than goods exported, there was a lot of enthusiasm in the market. The total export of cumin in the year 2016-17 stands at 1,19,000 mts., while cumin exports in the year 2015-16 were 97,790 mts. Even cumin export target of the government in the year 2016-17 was 1,10,000 mts which is 9000 mts. more than target.
In the last year, due to the good export demand and the international environment like the year 2016-17, the trends in the spices are getting visible.
Coriander Seeds:
- Coriander found the above circuits today on online platform. Spot market is upward. On Wednesday, this was seen due to the market sentiments of the bull market. Coriander saw positive business today and returned to the market. However, due to the rains in the spot market, the goods are not inward. Ramganj Mandi, Coriander Seeds arrival 4500 bags. Commodity Exchange NCDEX August closes close with an increase by 3.99 per cent in August against futures contract. According to the technical chart of coriander, its prices are recovering from lower levels. Therefore, traders should now buy August futures corrections in rupees upwards and keep a stop loss. It is advise by the experts that book 50% profit of your quantity and book the remaining 50% on the target, for which maintenance of stop loss of your cost to cost.
Fenugreek Seeds:
- Prices are stable. There is no local & exports demand. There is less stock in the market..
Millet / Yellow-Green Bajra:
- Price is up due to local and exports demand from gulf countries.
Kalonji / Black Seeds:
- Prices are up for machine clean cargo due to demand from local market. There is not much demand for Exports for Sortex quality so prices for sortex quality is stable and little up.
Mustard Seeds
- Price is stable today. Over all prices for Oil Market is stable.
Fennel Seeds:
- There is demand from Bangladesh as well as Malaysia for the Singapore quality so prices are up for the said quality. All other qualities prices are stable due to no demand for exports and local market. Due to rain there is less arrival of the cargo.
Flax Seeds
- Prices are down today.
Dill Seeds:
- Price is down for whole and split. Prices are down due to no demand and more cargo arrival in the market.
Ajuwain Seeds/ Aniseeds:
- Price is down due to no demand from exports and local market arrival is more.
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