Corporate Results of over 2500 companies Thursday, December 2, 1999
fesub.gif (4328 bytes)
Full Story
Live Coverage of the WTO Millennium Round
fe.gif (834 bytes) flnews.gif (5153 bytes)
Search FE
-
Download
BSE Quotes
NSE Quotes
-
Think Tank
This week we focus on a complete analysis of the
hotel industry
-
 

Spices weak at Navi Mumbai market 

Our Bureau  
Mumbai, Dec 1: The spices market at Navi Mumbai witnessed all-round weaknessin almost all commodities. On hopes of better new crop, turmeric fellsharply losing almost Rs 200/250 per quintal. Fennel, fenugreek, cummin,ajwan lost substantially, while black pepper tumbled from historicheights.

Turmeric: On restricted local and export demand coupled withexpectations of timely and better crop, prices fell sharply by Rs 200/250per quintal. In Sangli, ready deshi Cuddapah 95 was sold at Rs 2,550/2,600and 99 at Rs 2,450/2,500. Truck loads were traded between Rs 2250/2400. Theundertone was weak. In Sangli, spot ruled at Rs 2,650. In Mumbai, FOL pricesfor Nizamabad ruled at Rs 2,700/2,725, Rs 2,625/2,650 for Cuddapah, Rs2,550/2,600 for Duggirala and Rs 2,750/2,800 for Sangli polished turmericfinger.

Corainder: Sluggish and stagnant conditions prevailed as traders havediverted towards trading in new crop of soybean. Local demand was nominaland thus the prices fluctuated narrowly. Kanpu average m/c ruled at Rs1,425/1,450 and Indore average m/c ruled at Rs 1,250/1,300. While 100 percent bold m/c ruled at Rs 1,600/1,625, 100 per cent splits m/c ruled at Rs1,030/1,040.

Cummin: Prices eased by Rs 25/50 per 20 kilograms. One per cent m/cfor Singapore ruled at Rs 1,425/1,450 and for Europe Rs 1,525/1,550 per 20kilograms FOL Mumbai. Four per cent m/c ruled at Rs 1,375/1,400 per 20kilograms.

Fennel: This commodity eased by Rs 20/25 per 20 kgs. Dubai/Singaporequality ruled at Rs 725/750 and Europe/London quality ruled at Rs 825/850per 20 kgs FOL Mumbai.

Fenugeek: Selling pressure pushed down prices by Rs 70/100 perquintal. 1 per cent best bold m/c ruled at Rs 2,000/2,100, medium best m/cat Rs 1,825/1,850 and average m/c ruled at Rs 1,750/1,775 per quintal.Dillseed: Prices hovered at steady levels. Demand was nominal. One per centm/c ruled at Rs 4,200/4,250 and 11 per cent FAQ at Rs 3,750/3,800 perquintal FOL Mumbai.

Ajwan: New crop of Jamnagar and Karnool are likely to be smaller thanusual but may be compensated by better crop in Madhya Pradesh and Nandurbar.Jamnagar ruled between Rs 7,000/7,300, MP superior ruled at Rs 6,500/7,000and medium at Rs 6,000/6,200 per quintal FOL Mumbai.

Chillies: Prices held steady. Chilly with stem ruled at Rs4,000/4,200 and chilly without stem at Rs 5,000/5,200. New crop deliveryduring March is offered cheaply around Rs 2,700 per quintal with stem.Tamarind: In view of the forthcoming Ramzan festival, demand from exportersto Middle East is expected. Basket ruled at Rs 2,300/2,500, slab at Rs2,600/2,800 and consumer packs at Rs 3,000/3,200 per quintal.

Black pepper: After touching historic heights, prices tumbled by Rs10/15 per kg as higher prices attracted selling pressure from farmers andstockists. FOB Cochin prices fell sharply from Rs 270 per kg to Rs 250 perkg in just a couple of days. In Kochi, ungarbled ready delivery loose wasquoted at Rs 240. In the futures market, December delivery ruled at Rs 252,MG-1 FOB Cochin ruled at Rs 260 and FOL Mumbai at Rs 260 per kg.

Ginger: Prices were subdued at Rs 82 per kg for FOB Cochin and Rs 82FOL Mumbai for NUGC good. The new crop is expected to be better but priceindications are awaited.

Sesameseeds: After early losses, prices improved a bit to place98/2/2 at Rs 2,775/2,825, 95/5 at Rs 2,650/2,700 and hulled sesameseed at Rs3,400/3,450.

Peanuts: Prices were quoted at Rs 2,600/2,650 for 45/55 counts, Rs2,550/2,600 for 50/60 counts, Rs 2,500/2,550 for 60/70 counts, Rs2,475/2,535 for 70/80 counts and Rs 2,450/2,5000 for 80/90 .

Cardamom: Fall in prices was arrested on good demand. AGEB ruled atRs 490/500, AGB at Rs 435/450, AGS at Rs 400/405 and AGS-1 at Rs 375/380 perkg.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.

- Lead Stories | Corporate | Infrastructure | Commodities | Economy/Finance | BSE Today | NSE/ Markets | Strategy | Convergence | After Hours top.gif (150 bytes)Top
flame.jpg (1068 bytes) © Copyright 1999: Indian Express Newspaper(Bombay) Ltd. All rights reserved throughout the world.
This entire edition is compiled in Mumbai by The Indian Express Online Media Limited, a division of
The Indian Express Group of Newspapers. Managed by The Indian Express Online Media Limited and hosted by CerfNet.