Spot prices at the major domestic mandis were quoted at higher rates amidst better arrivals and offtakes on Tuesday.

Domestic mandis in Erode and Nizamabad are witnessing slightly lower arrivals of around 10000 bags as compared to 18000 bags in the previous week.

Demand from the local stockists has improved ahead of marriage season.

Prices in the futures witnessed a very volatile session on Tuesday. It hit the upper circuit of 4% and thereafter hit the lower circuit of almost 4% and ended the day negatively on Tuesday.

Spread between the Apr and May contract is at 60.

Courtesy: Angel Commodities

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