Monday, March 19, 2012

NCDEX Live Tips For Today: 19th March '12

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Spices exports have jumped nearly 1 per cent. While pepper exports during April-January is about 50 per cent. Turmeric has been bouncing around 70 per cent of the exports. The nearly 220 per cent rise in exports of the different cardamom is recorded. Lekil red pepper exports about 18 per cent have seen. Similarly, export of coriander is also severely reduced.

About 2 per cent fall at NCDEX Pepper is trading at Rs 41 220. Pepper prices are expected to continue its uptrend on strong demand amid tight supply in the market. As per market source, traders and growers are holding back stocks in anticipation of a further rise in prices. Also, the arrival from Karnataka was lesser than expected. On Saturday, the spot price for garbled pepper traded at Rs.42400 per 100kg.

Turmeric has declined by 2 per cent and is trading at Rs 4,265. Defying the weak trend in spot market, turmeric futures gained. Meanwhile, prices are expected to fall further as the arrivals are likely to increase in the coming days and also carryover stocks are very high this year While on MCX cardamom with 4 per cent to Rs 1,274 is reached. Chilli on NCDEX slipped 3.5 per cent is close to Rs 5,400. Coriander is also 3.5 per cent fall turnover is around Rs 4,200.

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