PROLOGUE

EDITORIALS

EXPERTS' VIEWS

INDIAN ECONOMY

Spices - Production in India (in `000' tonnes)

Country
Turmeric
Pepper
Small Cardamom
Red Chilli
Cumin seed
Total Spices
Source: Spices Board, India, Trade Sources

2010-11

2009-10

2008-09

2007-08

2006-07

2001-02

988.92
48.00
10.38
1212.06
316.91
-

792.98
55.00
10.08
1202.94
156.33
-

892.21
46.74
10.99
1353.80
283.00
5278.85

826.03
50.00
9.45
1371.25
264.86
5066.78

856.46
50.00
11.23
1325.27
176.51
4664.00

552.95
80.00
11.37
1116.59
206.41
-

Spices - Item wise exports from India (in `000' tonnes & value in Rs crores)
Item
Pepper
Cardamom small
Chilli
Turmeric
Cumin
Others#
Total

2010-11 (E)
Qty
Value
18.85
1.18
240.00
49.25
32.50
183.98
525.75

383.19
132.16
1535.54
702.85
395.98
3690.99
6840.71

2009-10
Qty
Value
19.75
1.98
204.00
50.75
49.75
176.53
502.75

313.93
165.70
1291.73
381.23
548.25
2859.67
5560.50

2008-09
Qty
Value
25.25
7.50
188.00
52.50
52.55
144.72
470.52

413.74
47.27
1080.95
248.58
544.00
2965.73
5300.26

2007-08
Qty
Value
35.00
0.50
209.00
49.25
28.00
122.50
444.25

519.50
24.75
1097.50
157.00
291.50
2345.25
4435.50

2006-07
Qty
Value
28.75
0.65
148.50
51.50
26.00
118.35
373.75

306.20
22.36
807.75
164.80
201.50
2073.14
3575.75

2001-02
Qty Value
22.88 203.69
1.03
61.68
70.00 252.44
37.78
90.74
17.25
148.18
94.27 1183.83
243.20 1940.55

Note: #: Include Asafoetida, Cassia, Saffron, Tamarinda, Ajvanseed, Dill Seed, Poppy Seed, Aniseed, Ginger, vanilla, fennel, coriander oils and oleoresins Etc.
Source: DGCI&S., Kolkata

Spices - Item wise imports into India (in '000' tonnes & value in Rs crores)
Item
Pepper
Cardamom(small)
Chilli
Turmeric
Cumin black/white
Other spices #
Total
Value (USD in million)

2010-11 (E)
Qty
Value
16.10
0.08
0.45
3.90
0.52
65.74
86.78

270.11
6.57
4.08
42.21
5.93
846.61
1175.51
257.00

2009-10
Qty
Value
18.10
0.10
1.30
4.45
1.60
81.16
106.70

234.66
3.36
7.50
20.87
16.31
817.77
1100.46
232.33

2008-09
Qty
Value
10.75
0.18
0.82
2.53
0.19
69.08
83.55

176.65
3.09
6.57
8.20
2.42
568.45
765.39
167.55

2007-08
Qty
Value
13.50
0.88
0.48
4.65
2.00
68.50
90.00

193.89
8.68
3.61
12.27
18.50
403.55
645.50
160.60

2006-07
Qty
Value
15.70
0.62
1.60
7.00
1.19
100.68
126.79

135.97
5.69
10.30
25.20
10.10
601.82
789.08
174.32

2001-02
Qty Value
6.33
0.32
1.11
0.12
0.96

56.36
8.26
4.31
0.12
7.29

86.34

505.08

Note: # include aniseed, asafoetida, cinnamon, pepper long, cambodge, herbal spices, ginger, cardamom large, coriander, etc; E=estimates.
Source: DGCI&S., Kolkata

Average daily volatility of MCX spot prices

Volatility

2010-11

2009-10

2008-09

2007-08

2006-07

Cardamom
Cumin Seed
Pepper
Red Chilli
Turmeric
Source: MCX

3.39%
0.91%
1.41%
0.63%
1.76%

1.63%
0.81%
1.17%
1.27%
2.34%

1.32%
1.10%
1.11%
1.11%
1.31%

0.54%
0.81%
1.24%
1.31%
0.84%

3.11%
1.10%
1.42%
2.00%
-

270 Commodity Insights Yearbook 2011

178_300_CYIB_2011_Agri_final.indd 270

1/26/2012 1:29:36 AM

DATABANK - NON-AGRI COMMODITIES

DATABANK - AGRI COMMODITIES

Spices - State-wise monthly arrivals of spices (in tonnes)

Month

Small
Cardamom
Kerala

Red Chilli
Andhra
Pradesh

Apr-11
47.46
N/A
Mar-11
139.08
N/A
Feb-11
37.68
N/A
Jan-11
54.15
N/A
Dec-10
3.64
240.00
Nov-10
114.64
N/A
Oct-10
89.80
1604.00
Sep-10
91.66
1033.98
Aug-10
91.55
N/A
Jul-10
69.94
N/A
Jun-10
59.40
N/A
May-10
2.61
N/A
Apr-10
0.92
200.13
Mar-10
3.03
600.48
Feb-10
0.10
N/A
Jan-10
0.24
N/A
Dec-09
0.04
N/A
Nov-09
0.06
N/A
Oct-09
0.05
N/A
Sep-09
0.05
N/A
Aug-09
0.14
N/A
Jul-09
0.08
N/A
Jun-09
0.07
N/A
May-09
0.08
N/A
Apr-09
0.07
N/A
Mar-09
3.60
N/A
Feb-09
0.05
N/A
Jan-09
0.07
N/A
Dec-08
0.02
N/A
Nov-08
0.05
N/A
Oct-08
0.05
N/A
Sep-08
0.00
N/A
Aug-08
0.06
N/A
Jul-08
0.07
N/A
Jun-08
0.06
N/A
May-08
0.07
N/A
Apr-08
0.08
N/A
Mar-08
0.07
0.02
Feb-08
0.06
N/A
Jan-08
0.06
N/A
Dec-07
0.08
0.01
Nov-07
0.06
0.30
Oct-07
0.07
8.40
Sep-07
0.08
N/A
Aug-07
0.05
18.60
Jul-07
0.07
N/A
Jun-07
0.07
N/A
May-07
0.06
N/A
Apr-07
0.07
0.40
Mar-07
0.18
33.10
Feb-07
0.32
N/A
Jan-07
0.42
N/A
Dec-06
0.24
N/A
Nov-06
0.18
N/A
Oct-06
0.16
2.00
Sep-06
0.08
1.00
Aug-06
0.24
N/A
Jul-06
0.48
N/A
Jun-06
0.25
6.20
May-06
1.64
5.40
Apr-06
0.08
N/A
Note: N/A: Not available, Data after Apr'10 is for Turmeric processed
Source: Dept.of Agriculture, GOI

www.mcxindia.com / www.pwc.com/in/en

178_300_CYIB_2011_Agri_final.indd 271

Cumin seed (jeera)

Turmeric

Rajasthan

Gujarat

Madhya
Pradesh

Orissa

Tamil Nadu

5352.81
5984.63
221.20
181.22
54.96
44.03
52.02
122.23
124.65
316.53
213.90
466.12
1555.47
997.45
38.94
31.40
106.74
149.19
157.33
31.74
63.38
66.56
92.70
177.85
834.17
2442.40
225.27
31.40
23.31
54.10
112.57
69.58
209.86
283.98
901.70
2286.44
4247.57
572.08
118.72
126.33
43.66
323.60
288.29
114.01
65.27
71.00
134.21
181.96
320.34
1344.75
907.11
70.64
50.95
31.15
32.44
501.93
701.37
50.98
34.66
92.57
467.74

10664.25
10587.56
7697.88
14954.52
5156.04
15136.78
1684.08
1755.04
2705.01
7412.35
5580.79
8781.76
17415.77
25257.81
29766.81
2310.52
4283.09
24584.19
18404.44
14533.79
19372.93
14659.52
6429.20
9100.63
18815.69
39108.25
32532.66
8312.61
4466.09
4296.67
2539.60
3566.89
1786.28
6573.97
12713.17
17605.50
22624.62
16754.93
6063.85
1569.84
1149.65
1240.66
1811.38
956.80
1816.91
1815.23
2201.53
2072.40
2705.54
6018.61
5591.18
6732.58
7925.00
11332.39
5390.27
17357.07
10669.94
3606.34
2111.35
7672.01
6838.41

17.00
52.67
8.17
4.94
2.56
7.02
5.44
10.44
9.66
32.40
30.24
17.02
36.30
N/A
3.80
N/A
1.80
79.59
13.68
18.36
8.46
N/A
N/A
6.00
53.96
72.00
84.00
104.00
68.00
48.00
60.00
40.00
88.00
72.00
44.00
76.00
88.00
84.00
76.00
40.00
4.00
4.00
8.00
12.00
64.00
88.00
40.00
24.00
28.00
28.00
16.00
36.00
20.00
8.00
12.00
48.00
20.00
44.00
12.00
24.00
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.50
N/A
1.20
N/A
1.20
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.10
0.08
0.10
0.10
0.08
0.09
0.08
0.11
0.08

1255.53
1766.52
1007.01
7904.36
1442.10
2225.16
1597.47
1237.82
916.57
1326.38
1282.32
2893.75
35.00
37.67
N/A
11.50
4.50
3.30
18.00
8.75
27.50
15.83
16.88
24.29
21.33
90.12
13.00
10.00
11.00
16.37
7.00
8.00
10.00
17.00
21.80
19.00
19.38
6.60
12.57
11.23
8.08
21.60
27.67
10.00
15.00
15.62
20.00
26.25
40.97
26.50
21.60
20.00
24.00
26.00
24.17
17.00
20.40
8.12
11.14
23.92
35.62

A PwC & MCX Joint Endeavour 271

1/26/2012 1:29:36 AM

PROLOGUE
EDITORIALS

EXPERTS' VIEWS

INDIAN ECONOMY

Cardamom prices & Trading activity

Monthly MCX futures price (Rs/kg)
Month

Open

High

Low

Close

Volume
in lots^

Open
Interest
in lots^^

MCX spot prices Vandanmedu

(Rs/kg)
Monthly
Month's
Month's
average
high
low

WPI of
Cardamom

Dec-10
1,217.0
1,642.0
1,153.2
1,581.4 98,904.0
3,270.0
1,288.7
1,601.9
1,100.3
329.3
Nov-10
909.0
1,202.6
895.0
1,202.6
41,721.0
2,342.0
980.6
1,136.5
869.3
301.3
Oct-10
1,070.0
1,070.0
868.0
885.1
26,352.0
3,384.0
969.8
1,111.1
809.3
311.0
Sep-10
1,382.5
1,417.0
1,021.5
1,070.5
32,526.0
2,662.0
1,217.7
1,490.2
1,084.1
380.9
Aug-10
1,516.5
1,765.0
1,218.0
1,379.6
56,438.0
4,796.0
1,515.2
1,600.0
1,413.1
409.8
Jul-10
1,849.0
1,888.4
1,359.1
1,472.3 46,202.0
4,544.0
1,666.4
1,770.0
1,440.0
396.3
Jun-10
1,606.0
2,097.0
1,571.3
1,840.9 145,626.0
6,624.0
1,669.4
1,735.0
1,514.2
372.0
May-10
1,364.0
1,644.0
1,350.5
1,587.9
78,496.0
2,471.0
1,378.4
1,484.5
1,290.3
304.6
Apr-10
1,258.0
1,421.9
1,258.0
1,380.7
31,508.0
2,234.0
1,261.0
1,306.1
1,192.0
283.5
Mar-10
1,143.9
1,329.0
1,101.7
1,256.9
21,133.0
1,238.0
1,130.3
1,193.0
1,060.0
274.9
Feb-10
1,112.0
1,263.9
1,033.1
1,143.9
17,432.0
1,115.0
1,078.8
1,129.6
1,043.4
274.1
Jan-10
1,118.0
1,388.8
1,105.0
1,123.8
39,411.0
1,210.0
1,144.5
1,272.0
1,031.0
269.6
Dec-09
990.0
1,135.9
930.3
1,112.7
21,459.0
1,351.0
892.4
1,005.2
821.0
244.4
Nov-09
795.0
989.3
795.0
983.3
6,916.0
903.0
757.8
808.0
732.0
206.5
Oct-09
714.3
822.0
676.0
792.8
4,594.0
514.0
715.6
762.5
684.8
187.6
Sep-09
850.3
921.0
709.8
717.0
4,171.0
221.0
779.9
821.5
677.5
188.2
Aug-09
845.8
876.0
745.5
854.3
3,643.0
410.0
812.6
848.0
787.8
179.4
Jul-09
877.5
891.3
813.0
852.0
4,614.0
350.0
806.9
823.8
790.0
175.5
Jun-09
795.0
909.8
794.5
879.0
4,464.0
76.0
778.9
816.5
741.3
170.4
May-09
705.5
798.0
705.5
785.8
3,875.0
290.0
709.1
733.8
667.3
162.1
Apr-09
636.0
736.5
635.5
710.5
2,777.0
296.0
652.3
697.3
620.0
146.0
Mar-09
606.8
653.0
595.3
639.0
4,237.0
230.0
587.3
605.8
570.8
136.7
Feb-09
583.8
611.0
530.0
604.5
2,366.0
210.0
593.9
612.5
572.0
137.2
Jan-09
554.5
594.8
487.0
567.8
3,198.0
207.0
561.9
599.5
538.8
129.1
Dec-08
560.0
643.8
530.3
553.5
3,951.0
311.0
558.4
590.3
537.8
126.4
Nov-08
617.3
668.0
540.0
565.8
3,347.0
243.0
587.6
623.0
513.5
140.1
Oct-08
730.0
732.8
600.5
619.0
3,864.0
304.0
637.5
699.0
606.8
147.7
Sep-08
695.0
773.0
683.0
729.8
6,392.0
370.0
693.0
721.5
671.5
146.6
Aug-08
664.5
747.0
658.5
691.5
6,792.0
471.0
672.4
698.3
653.5
146.0
Jul-08
635.0
740.0
621.0
662.3
10,365.0
437.0
642.4
660.0
616.0
143.4
Jun-08
689.0
762.0
654.5
654.5
4,644.0
533.0
671.4
681.5
613.5
151.9
May-08
627.0
698.5
604.0
692.0
4,990.0
495.0
646.3
664.5
625.0
147.1
Apr-08
612.5
687.5
599.0
627.0
4,140.0
295.0
618.1
628.5
609.0
143.8
Mar-08
694.0
709.5
551.0
617.5
8,971.0
421.0
626.6
647.5
593.0
143.0
Feb-08
689.0
723.5
684.5
692.5
12,364.0
555.0
645.8
651.5
641.5
148.1
Jan-08
639.5
718.0
629.0
688.0
18,088.0
649.0
633.8
656.5
605.0
151.6
Dec-07
589.5
643.5
560.0
640.0
10,446.0
829.0
559.9
597.0
540.0
131.5
Nov-07
513.5
605.5
484.5
591.0
11,718.0
662.0
509.2
541.0
490.0
121.3
Oct-07
563.0
592.5
458.0
511.5
15,904.0
671.0
484.3
488.0
478.5
112.8
Sep-07
516.5
575.0
492.5
563.5
13,791.0
1,527.0
478.6
485.5
474.5
115.9
Aug-07
522.7
561.0
504.5
514.5
21,418.0
981.0
479.8
484.0
473.5
114.4
Jul-07
486.2
573.9
463.6
523.6
39,128.0
2,275.0
478.3
491.3
466.8
116.4
Jun-07
479.7
492.5
449.0
485.7
18,558.0
1,833.0
457.8
464.9
454.0
111.3
May-07
467.9
514.8
466.0
478.7
43,511.0
2,619.0
464.7
474.2
454.3
111.3
Apr-07
487.4
505.5
415.2
468.7
66,021.0
5,203.0
448.0
457.1
437.1
115.2
Mar-07
458.6
498.0
395.8
484.0
68,358.0
6,487.0
418.9
435.7
412.2
110.2
Feb-07
444.0
474.5
410.2
460.4
94,541.0
5,616.0
414.6
421.5
405.9
114.3
Jan-07
406.5
449.0
362.0
444.1 103,540.0
6,294.0
384.6
399.0
373.5
104.5
Dec-06
391.0
423.0
327.5
405.5
53,890.0
2,986.0
348.6
372.5
336.5
99.2
Nov-06
443.0
450.0
348.0
391.0
55,818.0
1,822.0
375.3
407.5
354.0
87.1
Oct-06
529.8
534.0
385.0
444.5
87,695.0
1,986.0
436.4
475.0
413.5
91.9
Sep-06
481.1
638.0
465.0
527.0 192,464.0
3,440.0
469.0
500.0
409.2
98.6
Aug-06
338.0
494.7
305.0
482.4 112,243.0
4,550.0
333.9
426.1
279.4
94.7
Jul-06
259.7
354.0
255.0
337.1
11,166.0
1,447.0
255.5
281.6
245.9
84.6
Jun-06
243.7
273.5
243.6
258.7
7,034.0
1,915.0
249.2
259.8
239.3
83.8
May-06
233.1
265.0
206.1
244.4
21,569.0
1,862.0
240.4
324.1
229.4
78.0
Apr-06
272.0
276.0
229.0
233.1
15,672.0
916.0
254.8
266.4
232.3
75.0
Note: ^Aggregate volume in all contracts during the month; ^^Cumulative open interest in all contracts at the end of month; Future prices are for near month continuos futures
contract.
Source: MCX, & Ministry of Commerce and Industry

272 Commodity Insights Yearbook 2011

178_300_CYIB_2011_Agri_final.indd 272

1/26/2012 1:29:36 AM

DATABANK - NON-AGRI COMMODITIES

DATABANK - AGRI COMMODITIES

Cumin seeds prices

Month

Dec-10
Nov-10
Oct-10
Sep-10
Aug-10
Jul-10
Jun-10
May-10
Apr-10
Mar-10
Feb-10
Jan-10
Dec-09
Nov-09
Oct-09
Sep-09
Aug-09
Jul-09
Jun-09
May-09
Apr-09
Mar-09
Feb-09
Jan-09
Dec-08
Nov-08
Oct-08
Sep-08
Aug-08
Jul-08
Jun-08
May-08
Apr-08
Mar-08
Feb-08
Jan-08
Dec-07
Nov-07
Oct-07
Sep-07
Aug-07
Jul-07
Jun-07
May-07
Apr-07
Mar-07
Feb-07
Jan-07
Dec-06
Nov-06
Oct-06
Sep-06
Aug-06
Jul-06
Jun-06
May-06
Apr-06

MCX Spot prices Unjha (Rs/qtl)

Monthly
average

Month's high

Month's low

N/A
N/A
N/A
N/A
N/A
13778
12423
12627
12066
11806
11967
13370
14279
13351
11745
11418
11745
11402
11228
11711
12068
11300
11321
10967
10680
10779
11029
11996
12444
12046
10750
9960
9192
9333
9693
10084
9835
10195
10265
10301
10880
11306
11590
11596
12146
10660
9177
8576
8503
8514
8546
8756
7821
7061
6556
6364
5661

N/A
N/A
N/A
N/A
N/A
14631
12823
12783
12425
11955
12389
14598
14645
14273
12324
11601
11918
11580
11358
12229
12289
11552
11597
11655
10853
11075
11935
12457
12662
12675
11646
10130
9903
9475
10192
10369
9995
10360
10445
10664
11138
11445
11931
12183
12531
11423
10043
8735
8570
8703
8781
9000
8226
7730
6618
6705
5748

N/A
N/A
N/A
N/A
N/A
12800
12271
12492
11942
11606
11615
12197
14025
12324
11381
11336
11521
11226
11000
11091
11745
11086
10968
10592
10556
10531
10591
11624
12192
11417
9928
9710
8770
9150
9393
9856
9625
9925
9940
9928
10402
11085
11282
10985
11583
9847
8466
8379
8415
8212
8347
8341
7613
6575
6477
5748
5560

Other market monthly

average spot prices (Rs/qtl)
Rajasthan

Gujarat

11826
7044
11385
11986
12601
12229
11017
10892
10821
10274
10173
12736
12722
11892
11361
10130
10583
10299
6695
10799
11586
9829
9842
8736
8855
9212
9376
9736
10465
10333
9195
9215
8013
7696
8785
9836
8153
8897
7839
8819
9028
9093
9405
8653
10026
8922
7969
7564
7294
7021
7010
7612
7412
6498
5812
5821
5277

12157
12035
11051
11607
12080
12007
10748
10188
9860
9551
9642
11313
12049
11694
10008
9106
9318
8899
7376
7176
8009
7721
6811
8302
7469
7419
7139
8202
10207
10705
8898
8716
7637
7823
8424
9306
8933
9426
9269
9270
9925
10007
10109
9878
10980
10187
9150
7910
7528
7245
7323
7775
7125
6513
5942
5857
4984

WPI of
Cumin seeds

170.3
162.5
157.5
157.4
161.4
157.6
154.3
157.6
162.8
156.6
159.2
165.1
169.4
168.2
158.4
159.2
144.5
136.1
131.4
132.3
123.6
123.3
125.3
126.5
127.1
127.8
128.6
127.3
134.8
127
123.7
116.7
105
113.8
125.8
127.1
120.5
121.2
121.5
128.8
135.7
129.9
125.4
128
131.4
120.5
119.7
116.5
115.6
110.5
108.2
109.6
101.9
96.1
92.7
96.4
100.6

Note: N/T: Not Traded

Source: MCX, Agmarknet & Ministry of Commerce and Industry

www.mcxindia.com / www.pwc.com/in/en

178_300_CYIB_2011_Agri_final.indd 273

A PwC & MCX Joint Endeavour 273

1/26/2012 1:29:36 AM

PROLOGUE
EDITORIALS

EXPERTS' VIEWS

INDIAN ECONOMY

Pepper prices
Month

MCX Spot prices Kochi (Rs/qtl)

Monthly
average

Dec-10
N/A
Nov-10
N/A
Oct-10
N/A
Sep-10
N/A
Aug-10
N/A
Jul-10
19,341
Jun-10
16,269
May-10
16,378
Apr-10
15,297
Mar-10
13,767
Feb-10
13,315
Jan-10
13,756
Dec-09
14,532
Nov-09
15,012
Oct-09
14,310
Sep-09
14,333
Aug-09
14,438
Jul-09
12,618
Jun-09
12,830
May-09
12,774
Apr-09
12,590
Mar-09
11,010
Feb-09
11,455
Jan-09
11,873
Dec-08
10,739
Nov-08
11,682
Oct-08
13,052
Sep-08
13,597
Aug-08
14,385
Jul-08
14,388
Jun-08
14,423
May-08
14,571
Apr-08
14,550
Mar-08
15,048
Feb-08
14,660
Jan-08
14,383
Dec-07
13,376
Nov-07
13,964
Oct-07
14,017
Sep-07
12,725
Aug-07
13,378
Jul-07
14,875
Jun-07
14,486
May-07
14,932
Apr-07
14,977
Mar-07
12,173
Feb-07
12,354
Jan-07
11,377
Dec-06
10,150
Nov-06
10,984
Oct-06
12,436
Sep-06
12,894
Aug-06
10,425
Jul-06
8,246
Jun-06
6,975
May-06
6,989
Apr-06
7,150
Note: N/A: Not Available
Source : MCX, Agmarknet & Ministry of Commerce and Industry

Months high

Months low

N/A
N/A
N/A
N/A
N/A
20,650
17,757
16,845
16,025
14,900
13,720
14,300
15,683
15,500
14,832
14,911
15,521
13,189
13,033
13,168
13,445
11,450
12,315
12,520
11,440
12,165
13,895
14,292
14,505
14,775
14,613
15,282
14,875
15,650
15,546
14,932
13,600
15,215
15,600
13,255
14,165
15,505
15,295
15,741
15,634
13,381
12,535
12,579
10,838
11,300
13,400
14,000
11,460
10,500
7,291
7,167
7,264

N/A
N/A
N/A
N/A
N/A
17,623
15,520
15,680
14,960
13,025
13,060
13,378
13,984
14,775
13,925
14,156
13,258
12,433
12,568
12,442
11,980
10,632
10,675
10,723
10,220
11,435
11,495
12,780
14,225
14,136
14,240
14,112
14,280
14,750
14,123
13,446
13,162
13,195
12,402
12,429
12,400
14,144
13,928
14,200
13,629
11,681
12,140
10,600
9,867
10,776
11,210
11,475
9,993
7,291
6,830
6,763
6,985

Other market monthly

average spot prices
(Rs/qtl)
Kozhikode
21,350
21,100
19,400
19,600
19,600
17,700
15,743
15,604
14,972
14,171
13,768
13,700
N/A
N/A
14,264
14,679
14,326
12,600
12,992
13,150
12,575
11,324
11,917
12,065
11,580
12,344
13,575
13,917
15,110
14,471
14,533
14,320
14,472
14,752
14,291
14,110
13,562
14,121
13,410
12,338
12,840
14,020
13,776
14,158
14,200
11,700
11,733
10,675
9,455
9,913
10,944
11,383
9,883
7,915
7,088
7,052
7,175

WPI of
pepper
268.9
260.0
246.7
248.6
241.9
226.1
207.5
200.2
196.9
186.2
187.3
192.5
197.1
197.3
191.5
189.9
187.4
174.5
174.2
176.9
180.4
169.9
168.0
169.2
157.9
167.9
180.3
186.1
193.4
192.9
194.2
194.6
195.2
197.9
190.3
187.9
182.9
186.6
180.8
172.1
180.0
188.9
184.3
188.5
175.3
160.3
160.8
147.3
140.5
143.9
152.9
153.1
125.7
106.8
99.4
100.3
98.4

274 Commodity Insights Yearbook 2011

178_300_CYIB_2011_Agri_final.indd 274

1/26/2012 1:29:36 AM

DATABANK - NON-AGRI COMMODITIES

DATABANK - AGRI COMMODITIES

Red chilli prices

Month

MCX Spot prices Guntur (Rs/Qtl)

Monthly
average

Months high

Dec-10
N/A
Nov-10
N/A
Oct-10
N/A
Sep-10
N/A
Aug-10
N/A
Jul-10
4,969
Jun-10
4,851
May-10
4,746
Apr-10
4,715
Mar-10
4,912
Feb-10
5,357
Jan-10
5,853
Dec-09
6,253
Nov-09
6,430
Oct-09
6,100
Sep-09
5,955
Aug-09
5,990
Jul-09
5,545
Jun-09
5,406
May-09
4,747
Apr-09
5,033
Mar-09
5,430
Feb-09
5,255
Jan-09
6,045
Dec-08
6,522
Nov-08
6,592
Oct-08
6,413
Sep-08
6,401
Aug-08
6,425
Jul-08
5,930
Jun-08
5,049
May-08
4,766
Apr-08
4,491
Mar-08
4,003
Feb-08
4,027
Jan-08
3,924
Dec-07
3,939
Nov-07
4,226
Oct-07
4,618
Sep-07
4,666
Aug-07
4,617
Jul-07
4,556
Jun-07
4,693
May-07
4,452
Apr-07
4,763
Mar-07
4,491
Feb-07
4,550
Jan-07
6,365
Dec-06
6,489
Nov-06
6,902
Oct-06
6,541
Sep-06
6,391
Aug-06
5,300
Jul-06
4,916
Jun-06
4,862
May-06
4,960
Apr-06
3,738
Note: N/T: Not Traded; N/A: Not Available; WPI revised from Apr 05
Source: MCX, Agmarknet & Ministry of Commerce and Industry

www.mcxindia.com / www.pwc.com/in/en

178_300_CYIB_2011_Agri_final.indd 275

N/A
N/A
N/A
N/A
N/A
5,037
4,910
4,759
4,808
5,068
5,478
6,133
6,493
6,570
6,188
6,002
6,067
5,854
5,643
4,756
5,313
5,549
5,388
6,443
6,623
6,692
6,457
6,455
6,525
6,378
5,281
4,997
4,744
4,262
4,220
4,113
4,175
4,530
4,763
4,763
4,753
4,789
4,914
4,569
5,089
4,832
6,296
6,865
7,423
7,415
7,112
6,942
5,956
5,025
5,107
5,092
4,630

Months low
N/A
N/A
N/A
N/A
N/A
4,846
4,759
4,637
4,589
4,595
5,068
5,512
6,151
6,168
5,981
5,900
5,854
5,431
4,745
4,727
4,727
5,287
5,094
5,858
6,450
6,446
6,348
6,325
6,313
5,257
4,997
4,517
4,195
3,854
3,864
3,783
3,734
3,808
4,508
4,588
4,458
4,372
4,424
4,338
4,371
4,209
3,875
5,980
5,887
6,546
693
6,003
4,914
4,778
4,705
4,475
3,350

Other market monthly

average spot prices
(Rs/qtl)
Karnataka
5,042
5,271
5,665
5,342
4,436
5,390
5,055
4,463
4,766
5,041
5,648
5,673
5,629
5,396
5,919
5,531
5,443
5,556
5,360
5,109
4,746
6,096
4,660
4,741
5,286
5,925
6,027
4,917
4,895
4,569
4,409
4,324
4,363
4,298
4,693
5,036
4,490
4,952
5,061
5,297
5,380
5,209
5,877
4,887
4,654
4,418
4,520
4,294
4,515
5,224
5,012
4,906
4,886
4,064
4,355
4,307
4,130

WPI of
Chillies Dry
213.0
199.2
201.5
190.6
206.2
214.4
210.6
214.0
217.0
219.1
216.4
211.8
204.2
205.3
203.5
202.4
199.5
197.3
198.2
200.2
204.5
212.7
203.5
197.3
174.5
173.2
177.0
176.8
184.2
185.2
176.6
170.1
160.2
152.8
155.8
148.5
155.7
159.8
159.6
160.4
157.1
160.0
157.8
156.5
161.0
161.3
181.2
192.8
172.5
175.1
172.5
162.5
156.8
152.0
150.9
143.1
127.5

A PwC & MCX Joint Endeavour 275

1/26/2012 1:29:37 AM

PROLOGUE
EDITORIALS

EXPERTS' VIEWS

INDIAN ECONOMY

Turmeric prices
Month

Dec-10
Nov-10
Oct-10
Sep-10
Aug-10
Jul-10
Jun-10
May-10
Apr-10
Mar-10
Feb-10
Jan-10
Dec-09
Nov-09
Oct-09
Sep-09
Aug-09
Jul-09
Jun-09
May-09
Apr-09
Mar-09
Feb-09
Jan-09
Dec-08
Nov-08
Oct-08
Sep-08
Aug-08
Jul-08
Jun-08
May-08
Apr-08
Mar-08
Feb-08
Jan-08
Dec-07
Nov-07
Oct-07
Sep-07
Aug-07
Jul-07
Jun-07
May-07
Apr-07
Mar-07
Feb-07
Jan-07
Dec-06
Nov-06
Oct-06
Sep-06
Aug-06
Jul-06
Jun-06
May-06
Apr-06

MCX Spot prices Nizamabad (Rs/Qtl)

Monthly
average

Month's high

Month's low

16,777
15,435
14,525
13,721
14,701
15,172
14,850
15,112
12,447
10,182
9,755
10,449
10,493
12,013
9,340
8,096
7,983
5,849
5,299
5,392
5,301
4,514
4,189
3,992
3,862
3,782
3,762
3,827
4,127
4,407
4,051
3,399
3,077
3,073
2,791
2,641
2,437
2,117
2,039
2,075
2,147
2,148
2,108
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A

17,000
17,025
15,174
14,088
15,163
15,822
15,125
15,856
14,650
11,600
10,577
10,900
11,244
13,092
11,100
8,134
8,363
6,950
5,384
5,579
5,510
4,720
4,278
4,198
3,890
3,897
3,955
3,908
4,595
4,645
4,161
4,006
3,116
3,110
2,995
2,673
2,685
2,298
2,078
2,118
2,179
2,189
2,135
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A

16,325
14,675
13,950
13,463
14,100
14,588
14,650
14,644
11,344
8,725
8,842
9,975
10,150
9,913
8,096
7,956
6,950
5,368
5,235
5,093
5,071
4,250
4,080
3,850
3,830
3,570
3,570
3,735
3,806
4,105
3,989
3,072
3,043
2,995
2,630
2,604
2,297
2,040
1,979
2,052
2,114
2,117
2,081
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Other market monthly

average spot prices (Rs/qtl)
Cuddapah

Duggirala

15,002
13,493
12,596
11,233
11,530
N/A
N/A
12,424
10,811
9,459
N/A
N/A
N/A
N/A
7,229
7,532
N/A
N/A
4,867
N/A
N/A
N/A
3,658
N/A
N/A
N/A
3,570
2,829
2,773
3,318
3,264
2,866
2,517
2,691
2,503
2,357
N/A
1,750
N/A
1,585
1,657
N/A
1,709
1,646
1,781
1,905
N/A
N/A
1,611
N/A
1,636
1,725
2,008
1,792
N/A
1,995
1,718

14,143
13,184
12,161
12,157
12,857
12,719
12,308
12,216
10,963
8,928
8,400
7,200
9,007
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
3,195
3,095
3,305
3,341
3,580
3,075
2,791
2,656
2,635
2,348
2,222
N/A
1,860
1,815
1,736
N/A
N/A
1,812
1,797
1,821
N/A
1,691
1,588
1,613
1,705
1,738
1,976
1,975
1,880
N/A
1,955
1,880

WPI of
Turmeric
458.6
416.3
406.4
403.8
402.0
406.8
406.8
375.3
326.9
309.8
299.9
281.5
284.1
289.3
210.9
180.2
160.8
141.3
132.2
120.0
113.8
112.3
110.7
110.2
109.5
109.8
110.7
110.8
112.5
102.9
96.5
89.8
89.4
85.9
82.8
83.9
81.0
80.8
81.9
82.7
84.3
80.9
78.0
84.7
86.4
82.1
89.5
90.0
84.8
87.7
89.2
90.4
88.8
87.9
87.9
90.0
89.4

Note: N/T: Not Traded; N/A: Not Available; WPI revised from Apr 05; From Mar 05 Other Market Prices are for Turmeric (Bulb)
Source: MCX, Agmarknet & Ministry of Commerce and Industry

276 Commodity Insights Yearbook 2011

178_300_CYIB_2011_Agri_final.indd 276

1/26/2012 1:29:37 AM

DATABANK - AGRI COMMODITIES

DATABANK - NON-AGRI COMMODITIES

Share of Different Spices in Total Spices

Exports from India (in value terms)

6%

2%

22%
6%

3%

Pepper

23%

Cardamom (s)
Chilli

2010-11e

2009-10

7%

Turmeric

10%

Cumin

51%

10%

54%

Others#

6%

Note: Include Asafoetida, Cassia, Saffron, Tamarinda, Ajvanseed, Dill Seed, Poppy Seed, Aniseed, Ginger, vanilla,
fennel, coriander oils and oleoresins Etc. Source: Spices Board, India, e - source estimates

India's Pepper Exports in Volume & Value

40

Qty 000 tons (LHS)

600

Value (In Rs crore RHS)

32

480

24

360

16

240

120

0
2005-06

2006-07

2007-08

2008-09

2009-10

2010-11e

Source: Spices Board, India e - source estimates

India's Red Chilli Exports in Volume & Value

300

1800

Qty ooo tons ( LHS )

Value (In Rs crore) RHS

225

1350

150

900

75

450

0
2005-06

2006-07

2007-08

2008-09

2009-10

2010-11e

Source: Spices Board, India e - source estimates

www.mcxindia.com / www.pwc.com/in/en

178_300_CYIB_2011_Agri_final.indd 277

A PwC & MCX Joint Endeavour 277

1/26/2012 1:29:37 AM

PROLOGUE
EDITORIALS

EXPERTS' VIEWS

INDIAN ECONOMY

India's Turmeric Exports in Volume & Value

56

Qty ooo tons (LHS)

800

Value (In Rs crore) RHS

52

600

48

400

44

200

40
2005-06

2006-07

2007-08

2008-09

2009-10

2010-11e

Source: Spices Board, India e - source estimates

India's Cardamom Exports in Volume & Value

2.5

Qty 000 tons (LHS)

200

Value ( In Rs crore ) RHS

2

160

1.5

120

80

0.5

40

0
2005-06

2006-07

2007-08

2008-09

2009-10

2010-11e

Source: Spices Board, India e - source estimates

India's Cumin (Jeera) Exports in Volume & Value

60

Qty ooo tons (LHS)

600

Value (In Rs crore) RHS

48

480

36

360

24

240

12

120
0

0
2005-06

2006-07

2007-08

2008-09

2009-10

2010-11e

Source: Spices Board, India e - source estimates

278 Commodity Insights Yearbook 2011

178_300_CYIB_2011_Agri_final.indd 278

1/26/2012 1:29:37 AM