Chilli, turmeric weaken on subdued demand

NEW DELHI, MAY 21:

Red chilli and turmeric prices fell by up to Rs 200 per quintal in the national capital today due to subdued demand from retailers and stockists amid adequate stocks.

Also, weak futures market trend and increased arrivals from the producing belts also put pressure on the prices.

Red chilli and turmeric prices declined by up to Rs 200 to settle at Rs 9,000-13,000 and Rs 10,500-15,500 per quintal, respectively.

Market analysts said subdued demand from retailers and stockists against adequate stocks mainly led to the fall in chilli and turmeric prices at the wholesale kirana market here.

Following are the quotations in Rs per quintal:

Ajwain 17,500-23,000, black pepper common 28,500-28,700, betelnut (kg) 110-120, cardamom brown-Jhundiwali (kg) 980-1,000 and cardamom brown-Kanchicut (kg) 1,100-1,250.

Cardamom small (kg): Chitridar 720-740, cardamom (colour robin) 700-740, cardamom bold 710-740, cardamom extra (bold) 980-1,040 and cloves (kg) 520-590.

Source: http://www.thehindubusinessline.com/markets/commodities/article2037656.ece