Soyabean :- Soybean futures
are expected to trade on weaker note as prices may track cues from
increasing arrival volume at major trading centres. Beside, expanding
harvesting activities amid tumbling global prices may impact market
sentiments negatively. However, demand is likely to improve due to
ongoing festive season which may arrest the major losses.
Turmeric :- Trend remained
weak for Turmeric with prices unable to hold onto the higher levels
as traders waited for dips before initiating fresh demand in the
mandi. . However in coming weeks, demand is expected to pick up at
current rates that are quite low. Approaching festivals and rise in
export demand from the Gulf countries will be supportive in near
term. Latest reports from Erode in Tamil Nadu indicate a drastic fall
in sowing in those regions due to a drought like situation this year.
Cardamom :- Cardamom futures
are expected to trade in range bound levels for the day. Recent
rainfall in Idukki district has been supportive for the crop that may
weigh down the cardamom futures prices. Further, buying at the spot
market has slow downed a bit due to higher prices and this may weigh
the cardamom futures prices down. However, fall is expected to be
limited on overall bullishness in the market. Expectations of good
export demand for the Indian cardamom due to new crop as compared to
old crop of Guatemala may support prices to trade higher.
Seed Newsvine
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