• Prices across markets have shown a mixed trend from mid September to October with sluggish demand
• Quality stock availability is comparatively low. The arrival of new Chinese crops has also impacted the demand
• Guntur cold storage stock availability has come down to around 56,999 MT. Total stock in Andhra, Telangana and Karnataka is around 130 K MT
• Major chili regions of AP Telangana and Karnataka received good rainfall, which has helped fill the reservoirs
• The main harvest is expected to be delayed by 25 days
• Continuous rainfall has damaged the crop in some pockets of MP and Karnataka
• MP harvest arrivals are expected in October and should be better than the previous year
• Sowing in Tamil Nadu has started and the preliminary estimates shows an increase in acreage

Crop at early vegetative stage in major areas

• Prices are likely to remain firm, especially for premium varieties for the next month considering the festive demand

• Weather and climate conditions during crop period
• Stock availability at consumer centers
• Demand from APAC and domestic front

• Arrivals are gradually coming down compared to previous months across markets and sowing activities are almost complete across major origins
• Most growing regions are receiving continuous rainfall
• Major producing states like Maharashtra and Telangana recorded better sowing this year but AP, Tamil Nadu and Karnataka acreage is comparatively low vs. last year
• Standing crop remains healthy to date and the yield is expected to be good. Prices corrected down almost 3-4%
• Domestic demand remains sluggish, mainly due to better c/f stock, favorable crop situations and bearish activities in electronic platform
• MFT polished, 3% CC, cleaned, graded medium-best quality is currently trading at INR.67-70/KG price range at origin

• Prices are likely to be range-bound for near term
• Can cover near-medium term exposure at current levels or any dips for quality stock

• Mainly festival related demand in October
• Overall financial condition and stock activity
• Climatic conditions across growing regions from Oct. - Nov.
• Electronic counter activities

90-100 days old Tumeric field

• Daily average arrivals during September in Unjha were approximately 350MT vs 250MT in the same period last year
• Conventional quality prices softened by 3-4% last month due to weak demand. YTD exports have been nearly 10% lower compared to the same period last year
• EU pesticide compliant quality prices remained firm due to less availability, caused by spraying of pesticides
• Liquidation of conventional quality stock occurred due to expectation of enough carry out stock. Good prospects for new crops as a result of rainfall in key growing regions