Spices Report - Red Chilli, Cumin, Black Pepper, Small Cardamom

Red chilli The sale of red chillies has remained sluggish even at the reduced price. As a result, number 334 red chilli remained at the previous level of Rs 24,500 per quintal. Recently, there was a recession of 2 thousand rupees in it. Summer vacation is on in Guntur. Here the market sentiment may be affected by the rise in Teja and Fulkat chillies. In the coming one or two days, there is no fear of reduction of red chillies in the spot. Cumin The offtake of cumin decreased at the increased price. As a result, cumin fell by Rs 500 to the level of Rs 48 thousand per quintal here. Recently there was a jump of one thousand rupees in it. In Unjha, about 8-9 thousand bags of cumin have been reported to have arrived and there has been a decline of Rs 100-150 per 20 kg. Active futures fell by Rs 1,415, or 3.08 per cent, to Rs 44,500 due to heavy selling by speculators. There is a possibility of cumin and manda in the spot in the coming one or two days. Black pepper Offtake of pepper remains sluggish even at increased prices. As a result, pepper mercury here remained stable at the previous level of Rs 540 per kg. Recently it has increased by Rs 10-15. In Kochi, it was reported that the arrival was negligible and the price remained at the level of the previous day. In Karnataka, the market is reported to be sluggish due to the election atmosphere still prevailing. This is affecting market sentiment. Black pepper is likely to remain strong in spot for next one or two days. Small cardamom Small cardamom sales remain sluggish even at reduced prices. This is the reason why small cardamom remained firm at the preset level of Rs 1,450 per kg in seven and a half mm. Recently there was a recession of 100 rupees in it. The Cardamom Growers Forever Pvt Ltd auction held yesterday reported a marginal increase in the arrival of small cardamom at 16,483 kg. The average auction price fell to Rs 953.01 per kg due to comparatively higher arrivals and subdued buying. Earlier, in this auction held on May 9, this price was Rs 1023.24. Small cardamom in spot is not expected to rise in coming one or two days.

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