Spices complex remained in focus in yesterday's trade due to heavy rains and stronger international prices kept Turmeric and Pepper prices firm but after reports of rain in Gujarat and Saurashtra jeera prices hit lower freeze of two percent.

Pepper prices rose almost by more than 2% as Vietnam raised their FOB prices by almost $80 due to heavy rains and water logging. Domestic demand continues to remain sluggish but due to international cues prices have went up.

Jeera prices crashed after report of favorable weather conditions of Jeera might result in bumper crop next year triggered selling in Cumin seed futures. Arrivals in Unjha mandi continue to remain on lower side and domestic demand is seen improving due to festive season.

Turmeric prices continue to outperform other spices as low inventories coupled with good export demand tends to push prices further.

Mentha oil is looking attractive from investment perspective as inventories in major consuming nations of menthe oil have depleted and any spurt in export demand can result in sharp up move in mentha oil prices.

Spices outlook for pepper is buying at dips, for Jeera we recommend to sell on rise. Turmeric we recommend to book profits on long positions if prices move up Rs. 70-80/quintal. Cardamom outlook for the day is selling on rise.