Cardamom Price After Falling Below - Sep 30, 2008

Kochi: The average cardamom price after falling below Rs 600 a kg last week picked up on Sept 28 and increased to Rs 620 a kg last Sept 28. However, it declined on Sept 29 at the CPA auction at Bodinayakannur. Heavy arrivals because of the peak harvesting season coupled with liquidity crunch forced the prices at the auctions held in Kerala and Tamil Nadu to drop last week. At the CPA auction on Sept 29, the average price declined to Rs 598 a kg. Total arrivals were 13 tonnes and the entire quantity was sold out. North Indian purchasers were active. The maximum price was Rs 774 a kg and minimum Rs 470 a kg. The weighted average price also remained at Rs 606.65 a kg as against Rs 407.58 a kg last season.

Optimistic Sentiments October Contract - Sep 30, 2008

Kochi: Pepper futures market increased marginally on Sept on optimistic sentiments. October contract went up by Rs 51 a quintal to Rs 13,604, while November and December contracts were increased by Rs 53 and Rs 47 a quintal respectively. Total turnover on NCDEX increased by 2,772 tonnes to 6,515 tonnes. Total open interest fell by 44 tonnes to 18,278 tonnes. October position fell by 229 tonnes to 7,189 tonnes, while November and December positions moved up by 123 tonnes and 49 tonnes respectively.

Heavy Long Liquidation Rabad Pushin - Sep 30, 2008

Kottayam: Rubber rates resumed the downtrend on Sept 29. The prices declined further on purchasers resistance as the international indices were hit badly on heavy long liquidation pushing the October contract deep in to the minus territory on late trading in TOCOM. Sheet rubber RSS 4 fell to Rs 121 from Rs 125 a kg as on Sept 27. Spot rates were (Rs/kg): RSS-4: 121 (125); RSS-5: 118 (123); ungraded: 114 (120); ISNR 20: 116 (120.50) and latex 60 per cent: 77 (77).

Auctions Of Coonoor Tea Trade Association - Sep 29, 2008

Coonoor: Prices increased by Rs 2 a kg generally even as some invoices held on to last week's levels and some others struggled at Sale No: 39 of the auctions of Coonoor Tea Trade Association (CTTA). Market witnessed corrections with CTC brighter liquoring leaf grades remaining steady and some improved invoices got Rs 2-3 a kg more. Smaller fannings and brokens lost a rupee. Fannings gained Rs 3-4. Improved CTC dust grades received Rs 2 more. Nearly 50 marks of CTC teas from bought-leaf factories remained in Rs 100 price-band. Some factories gained this level for more than one mark.

Major Blender And Tata Tea Functioned - Sep 29, 2008

Kolkata: Last week, CTC teas at Guwahati and Kolkata sales once again sold readily at firm to dearer rates. The major blender and Tata Tea functioned actively at Kolkata and Guwahati, while there was a fair support from other packeteers. In the Darjeeling tea auction, whole leaf and broken grades were easier while fannings were around last. The Mombasa market saw picked out better sorts barely firm while the remainder eased in value. The Bazaar showed interest on chosen lines, while Russia, Afghanistan and Egyptian Government Sector were quiet. Somalia maintained activity.

Domestic Rubber Rates Ruled Steady - Sep 29, 2008

Kottayam: The domestic rubber rates ruled steady on Sept 27. Sheet rubber RSS 4 ended unchanged at Rs 125 a kg as on Sept 26. The spot rates a kg were: RSS-4: Rs 125 (125); RSS-5: Rs 123 (123); Ungraded: Rs 120 (120); ISNR 20: Rs 120.50 (120.50) and Latex 60 per cent: Rs 77 (77).

Physical Rubber Prices Experienced Heavy Losses - Sep 27, 2008

Kottayam: The physical rubber prices experienced heavy losses on Sept 26. RSS 4 plunged to Rs 125 from Rs 130 a kg as more dealers and growers joined the sellers queue even in an unhealthy market which lacked genuine consumer support. The grade fell to Rs 130.24 (130.71) a kg at Bangkok spot. Spot rates (Rs a kg) were: RSS-4: 125 (130); RSS-5:123 (127.50); ungraded: 120 (126); ISNR 20: 120.50(123); and Latex 60 per cent: 77 (77).

Resumption Of The Dollar-Led Upturn - Sep 26, 2008

The prices of all edible oil varieties are expected to go up by 20 per cent by Diwali owing to festival demand and tight supply. Generally, consumer demand multiplies during festivals such as Diwali, Dussera and Eid, which continues till the new year. According to the source, the output is likely to decline in Malaysia during the upcoming 2008 season. However, the demand is expected to surge from biodiesel sector and possibly a resumption of the dollar-led upturn in commodity prices. Therefore, we anticipate the prices of all edible oils would look up.

Market Under Pressure During The Session. Sep 26, 2008

Kottayam: Spot rubber continued its downward trend on Sept 25. RSS 4 ended weak at Rs 130.00 from Rs. 132.00 a kg on purchaser resistance. The marginal selling from dealers and growers kept the market under pressure during the session. It (spot) slipped to Rs 130.71 (131.43) a kg at Bangkok. Spot rates (Rs a kg) were: RSS-4: 130 (132); RSS-5: 127.50 (130); ungraded: 126 (127.50); ISNR 20: 123 (124); and latex 60% : 77 (78)

Guarseed Production Likely To Grow - Sep 26, 2008

India is likely to produce 30 per cent more guarseed this season, because of good rainfall and better yield. The overall production will reach 10 million bags (each 100 kg) compared with 7.5 million bags last year. Futures have fallen by 8.4 per cent since the beginning of this month.The arrival has just begun in a minuscule way which is expected to gain momentum by the mid of October. Rajasthan, Haryana, Gujarat, Punjab, Uttar Pradesh and Madhya Pradesh are the states which produce guarseed. Rajasthan is expected to add around 5 million bags alone while rest of the produce will be from Gujarat and other states. In general, guarseed market will not soften much. In the physical market of Bikaner, prices of guarseed are hovering at Rs 1,630 a quintal whereas in Jodhpur spot market it is trading at Rs 1,750 a quintal.