Spices complex were marginally weak during yesterday's tarding session on overall weakness in commodities.

Jeera prices were firm at spot market during morning session infact spot prices were up by Rs. 50/quintal but weak export numbers were also reason for it to go down from April-August India exported 18750 tonnes of Jeera Vs. last year's 21130 tonnes.

Pepper, despite of strong fundamental prices succumbed to selling pressure in overall spices complex. Pepper exports for the month of August 2009 was 1500 tonnes vs. 1570 tonnes in August 2008 and overall Pepper exports have declined from
11000 tonnes to 8250 tonnes down almost by 25% due to scarcity of ASTA grade of pepper in Benchmark Cochin mandi.

Turmeric also went down, despite of excellent export numbers at very high rates. India exported 4750 tonnes of turmeric in the month of August as compared to last year's 3800 tonnes. It shows the fundamental strength of commodity.

Chilli exports are declining quite rapidly, exports in the month of August of Chilli went down from 15240 tonnes in August,
2008 to 12500 tonnes in August, 2009.

Due to weakness in overall commodity, spices complex may trade sideways to down, Pepper should be bought at declines of
1.5-2.5% during the day.