Cardamom futures may trade higher & continue to post gains. Export demand is reported higher and domestic demand may increase in the coming days as stockists and buyers have no stocks at current period.
Chilli futures may trade with a weak bias & remain below 6145 levels. Anticipation of higher production may continue to put pressure on prices.
Turmeric futures may trade with a positive bias tracking export enquiries from spot markets. Though farmers are having huge stock of old Turmeric with them, brought very limited stocks to the market for sales as they still expect that the price may improve to Rs 8,000-10,000 a quintal and the Government may announce minimum support price of Rs 10,000. Pepper futures may trade sideways with a negative bias.
Some new pepper is arriving at the terminal market from Pathanamthitta and some parts of Kollam. As it was had moisture content, buyers were quoting Rs 280-285 a kg, but the sellers were not interested to sell at that rate.
Courtesy: SMC Global
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