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Spices

Spices

MCX

10 Dec | 04:23PM
FUTURES PRICE

Spices export plunge on withdrawal of MEIS benefits

India exports around Rs 18,000 crore worth of spices annually and over the years its dominance has come down to a few spices such as chilli, cumin, turmeric and spice oils and oleoresins from around 20 items. Exporters claim duty credits ranging from 2-7 % under MEIS which they discovered were disabled by DGFT from August 1, resulting in a slowdown in shipments.

Starting flights to Ras Al Khaimah, then we will establish airline there: SpiceJet chief

Spicejet Chairman and Managing Director Ajay Singh on Wednesday said that the airline is studying the market and may start operation to UAE's Ras Al Khaimah by the beginning of next year. "Just like we operate flights to Dubai, we can operate flight to Ras Al Khaimah," he said, adding that while bilateral rights between Indian cities and Ras Al Khaimah are thin.

Starting flights to Ras Al Khaimah, then we will establish airline there: SpiceJet chief

SpiceJet will first start flight operations between India and Ras Al Khaimah by early next year and after that establish a new airline in the UAE city.

After Market: Voda Idea, SpiceJet tank; banks lift Sensex; IOC battered

Vedanta lost some ground after its Q2 numbers and pulled Nifty Metal index nearly 2% lower.

Stocks in the news: DHFL, SpiceJet, Vedanta, CCD, ONGC and Vodafone Idea

Nalco reported a consolidated loss of Rs 28.25 crore in the quarter ended September 30.

SpiceJet Q2 loss widens to Rs 463 crore

SpiceJet also said that the airline’s losses were higher due to new accounting standard norms and grounding of Boeing 737 MAX.

Stocks in the news: YES Bank, SpiceJet, Thomas Cook, HDFC and Indiabulls Realty

Maruti Suzuki India (MSI) remains 'cautiously optimistic' over sales prospect going ahead.

Desi demand spices up the Indian SaaS story

A recent NASSCOM report said that the Indian SaaS market is estimated to hit $3.3-3.4 billion by 2022. This will be largely on the back of talent availability, a lower cost workforce and adoption of emerging technologies like AI.

Spices Future Prices

Commodity
EXPIRY
PRICE(RS) / UNIT
CHANGE %
RANGE MONTH
OUTLOOK
13MAR2020
2720.00/ 1 KGS
0.00
0.000.00
  
15APR2020
2620.00/ 1 KGS
0.00
0.000.00
  
13DEC2019
0.00/ 1 KGS
2.92
3051.103051.10
  
20FEB2020
0.00/ 100 KGS
0.00
0.000.00
  
20MAR2020
0.00/ 100 KGS
0.00
0.000.00
  
20DEC2019
0.00/ 100 KGS
0.00
0.000.00
  
20JAN2020
0.00/ 100 KGS
0.00
0.000.00
  
14FEB2020
2931.00/ 1 KGS
2.10
2994.902995.00
  
15JAN2020
3060.10/ 1 KGS
0.46
3102.003120.00
  

Spices  Spot Details

Commodity
PLACE
PRICE(RS) / UNIT
RANGE MONTH
RANGE YEAR
PREM/DISC
VANDANMEDU
2952.80/ KGS
2688.92887.5
2492.92940.0
1.50
KOCHI
35385.00/ MT
32900.035415.0
32000.035415.0
50.00

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Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service