The Keres CSA is Now Accepting Members for Our Fall Season

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20160607_093030The Keres community supported agriculture serves Spicewood, TX.  Weekly deliveries are scheduled according to your schedule.  We are now accepting memberships for our autumn season starting September 21, 2016 at just $50.00 per month.

http://keresspices.com/keres-csa

About Our Farm

  • Located on 0.84 acre of Rural Farmland
  • True Farm to Table Products
  • 100% GMO Free
  • Owned and Operated by Real Chefs and Farmers

 What We Offer

  • All Natural Free Range Chicken Eggs
  • Herbicide & Pesticide Free Vegetables and Herbs
  • All Natural Honey
  • Organic & Fair Trade Spices and Dried Herbs
  • Sea Salt & Pink Himalayan Salt
  • Artisan Breads

Keres Spices Explores Organic & Biodynamic Eden Creek Farm

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Yesterday, Friday November 16, Keres Spices’ founder, Chef Brian Dorman, embarked upon a journey two and a half hours north of Austin to visit with Steve and Kristine Orth, owners of Eden Creek Farm. Tucked away on thirty three acres just south of Blooming Grove, TX, Eden Creek is becoming the organic and bio dynamic farm of choice for all of the top chefs in and around Dallas, TX.

Certified Master Farmer, Steve Orth, started Eden Creek Farm about eight years ago and his wife, Kistrine Orth, brings tremendous value to their operation as an animal husbandry specialist.  Chefs around north Texas are taking note as Eden Creek is able to provide the highest quality in herb, vegetable, and pork products.

What is Biodynamic Agriculture? 
According to OrganicConsumers.org, ‘biodynamics is a science of life-forces, a recognition of the basic principles at work in nature, and an approach to agriculture which takes these principles into account to bring about balance and healing. In a very real way, then, biodynamics is an ongoing path of knowledge rather than an assemblage of methods and techniques.

The Red Wattle Hog
Along with raising horses, painted desert sheep, goats, ducks and chickens, the Orths also raise endangered red wattle hogs.  The odd thing about these endangered hogs is that in order to get them off the endangered list, they must be raised for human consumption.  With only around three hundred red wattle hogs still in existence, eight of them can be found right here at Eden Creek Farm.  Top chefs in the DFW metroplex however, tout this hog as one of the tastiest porks they have ever had the pleasure to cook and serve on their menu.

 

Chef Mauricio Jimenez Joins Keres Spices

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Keres Spices is pleased to announce that Chef Mauricio Jiménez has joined our team as our new director of sales and marketing, Chef Jiménez is a seasoned professional with over 20 years of combined restaurant management, culinary consulting, culinary education, and international sales / marketing experience.

His experience will enable us to expand and further reach new horizons as we embark into our phase of new market development and expansion, while also developing new engaging and educative marketing strategies for our social media platforms.

International Spice Commodities Update – Cumin

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Despite bearish fundamentals, such as sluggish demand and high output expectations, cumin futures gained in the futures market. The futures prices rose due to value buying to gain parity with the spot prices, which were trading at a premium. Cumin is quoted at Rs.15100 ($305.64, €232.09, £194.41) per 100kg in the spot market, higher compared to futures price at around Rs.14600 ($295.52, €224.40, £187.97) per 100kg.

As of last Wednesday, Cumin arrivals in the Unjha market were steady at around 2500 bags.  However, expectation of a higher crop this year may pressurize the price trend.  In the meantime, expected rise in overseas demand and reports of crop damage in major cumin growing regions in India may limit sharp fall.

www.keresspices.com

International Spice Commodities Update – Bloomberg Report

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Source: Bloomberg

PEPPERCORN

Pepper price traded range bound as demand from
domestic buyers as well as exporters was sluggish on
account of holidays. The spot price of garbled and ungarbled
pepper traded steady on weak demand at
Rs.33600 and Rs.32100 per 100 kg respectively.
However, the downside in prices may be capped due to
supply concerns until the new pepper crop arrives in
February. Pepper price may maintain uptrend on
reports of lesser domestic crop estimates. The ongoing
Mullaperiyar dam issue involving Tamil Nadu and
Kerala has disrupted supply of the spice from these
states. Indian pepper output during the new season is
estimated to be around 43000 tonnes, which is lower by
5000 tonnes from the previous year.

CUMIN

Cumin futures rose because of short covering and
reports of fresh export enquiries. Also gained despite
high acreage, as the cold wave might impact
germination in Rajasthan, in turn affect the output.
According to the IMD report, cold wave conditions
prevailed in Rajasthan with Jodhpur, major jeera spot
market recording temperature of 5.4 degree Celsius.
Jeera arrivals in Unjha mandi stood unchanged at 5000
bags, from Saturday. The price was quoted at Rs.14500
per 100kg, up Rs.100 from previous day. Although
supply is ample, good quality jeera is scarce in the
market. On short term, the gains may be narrow due
to high inventories.

TURMERIC

Turmeric futures ended up despite lower arrivals in the
spot markets. Good demand from bulk buyers in north
India supported the prices. Reports of crop damage to
the standing crops due to severe cyclone in Tamil Nadu
also added to the uptrend. Further buying is expected in
the futures market as spot prices are at a premium to
futures. Price of the spice in key Nizamabad market
traded at Rs.5100 per 100kg. However, the overall trend
remains weak due to estimate of higher turmeric output
in 2011-12. Fresh crops are expected to reach the market
by mid January, provided the weather pattern supports.
As of 31st December 2011, turmeric stocks in the NCDEX
accredited warehouse stood at 3523 tonnes, down from
4053 tonnes a week ago.

CARDAMOM

Cardamom futures closed up as the auctions in Kerala
resumed. Earlier the agitations across the border on
Mullaperiyar dam have stopped movement of
cardamom between both the states. The auction centre
reported good turn out of cardamom dealers including
those from Tamil Nadu. There was good demand with
the average price at the auction touched Rs.596 per kg.
Higher quantity of cardamom was traded at the auction
centre. The total production in the current year is likely
to be around 15000 tonnes. Traders estimated that the
world’s total cardamom production is likely to reach
38000 tonnes in 2012 against the total annual demand of
30000 tonnes.

CHILLI

Most chilli futures erased early gains and ended down
on profit sales and slackness in domestic demand.
Earlier chilli futures gained tracking the trend in spot
market where fall in supplies supported the prices.
Chilli arrivals in Guntur market fell to around 20000
bags from 23000 bags reported on Friday. Rainfall for
the last few days led to fall in supply. The price for 334-
variety chilli quoted Rs.7200 per 100 kg, up Rs.200 from
previous trading day. Rainfall in the last couple of days
in major districts in Andhra Pradesh is likely to be
beneficial for the crops.

CORIANDER

Coriander futures gained in tandem with rising spot
market. The spot price rose due to fall in arrivals on
unfavorable weather conditions in major regions. Total
coriander arrivals in Rajasthan fell to around 1300 bags
from 2800 bags on Saturday. In Kota, coriander arrivals
fell to around 400 bags from 800 bags Saturday, while in
Baran, supply were around 300 bags, down from 700
bags. Arrivals in Ramganj also fell by 700 bags to
around 600 bags. In Kota, coriander quoted Rs.4000 per
100 kg, up Rs.100 from the previous trading.

Guar Gum Traders to Face FMC Ire

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By Dilip Kumar Jha / Mumbai Jan 04, 2012, 00:03

Suspecting price manipulation, the regulator plans to issue showcause notices to leading traders this week.

To nab the culprits involved in price rigging of guar gum and guar seed, the Forward Markets Commission (FMC) is planning to issue ‘showcause notice’ to many leading traders in Rajasthan. The notices will be served to them by Friday.

The commodity derivatives regulator is awaiting reports to be submitted by various teams sent out separately by both FMC and the National Commodity & Derivatives Exchange (NCDEX) to examine books of traders’ account two weeks ago. Teams were sent in co-ordination with each other to avoid duplication and needless delay in action.

“Both NCDEX and FMC teams were back last week. But, they are yet to submit even preliminary reports, which are expected in a day or two. On receiving the initial findings, we will issue show cause notices to the price manipulator, if any,” said a senior FMC official.

But, notices would be issued by Friday at the earliest to send a right signal to the market, said the official. FMC had launched

investigation suspecting manipulation as guar gum and seed prices have risen sharply from April, up over 150 per cent.

Categorised under narrow commodity with a limited potential for cultivation in a circumspect agro climatic environment, guar seed is produced largely in Rajasthan. The commodity is used purely for extracting its derivative guar gum for its use in a number of industrial applications.

An FMC investigating team member, however, is understood to have recovered some objectionable documents from a Jaipur-based trader. Another team also seized similar papers from a Jodhpur-based traders. Apparently, the funds used for trading in guar gum and guar seed through the trader’s account were not traceable.

According to the FMC official, these traders were also involved in frequent client code modifications (CCM).

FMC fears the possibility of margin funding in these cases where some industrialists and large traders transfer the money into the account of a small and unnoticeable person and trade commodities on his behalf. Traders manage to corner huge quantity of guar gum and seed through different account for price rigging in future while the person gets a small sum as margin for allowing use of his account for transferring the amount.

FMC also does not rule out the possibility of stock movement through illegal routes in this case which needs immediate attention. Possibility also looms large for the same transport moving through different warehouses “on paper only” in order to show the delivery of the goods.

Apparently, fundamentals remained strong favouring price rise in the two commodities sharing around 40 per cent of NCDEX’s daily average turnover. Against the total estimated output of 1.5 million tonnes last year, the crop size is forecast to remain at 1.25 million tonnes this year. With least carry over stock left from the last year to support the availability this year, the commodity is expected to remain in short supply this season.

India shared 97 per cent of the global demand through exports of 400,000 tonnes of guar gum. With an estimated exports of 500,000 tonnes, the total requirement of guar seed stands at a minimum 1.55 million tonnes. This means, the market is expected to remain in deficit of nearly 20 per cent.

During the investigation, the official found that genuine exports are hedging guar gum with producers at the future prevailing price in “forward contract” in order to get assured supply. Since, bilateral forward contract does not fall under the domain of FMC, the regulator cannot act on such assurances, the official said.

Meanwhile, both guar gum and guar seed contracts hit the upper circuit to set the lift time record on Tuesday. Guar gum for delivery in March closed with a gain of 4 per cent at Rs 25,490 ($479.86, €368.73, £307.92) a quintal while guar seed contract for delivery in April ended the day at Rs 7,740  ($145.71, €111.96, £93.50) a quintal. Guar gum price has risen by 42 per cent while guar seed shot up by over 32 per cent in a month.

International Spice Commodities Update – Peppercorns

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Pepper prices rose by Rs 85 ($1.59, €1.23, £1.03), or 0.26%, to Rs 33,000  ($619.08, €478.61, £399.70) per quintal in futures trade today following a firm trend at spot markets.

At the National Commodity and Derivatives Exchange, February pepper rose by Rs 85 ($1.59, €1.23, £1.03), or 0.26 perent, to Rs 33,000 ($619.08, €478.61, £399.70) per quintal, with an open interest of 1,275 lots.

The January contract gained Rs 60 ($1.13, €0.87, £0.73), or 0.18%, to Rs 33,140  ($621.71, €480.64, £401.40) per quintal, with a trade volume of 6,698 lots.

Analysts said fresh buying by speculators following pick-up in demand in the spot market mainly pushed up pepper prices at futures trade.

Higher supplies from new season crop, however, capped the gains.

International Spice Commodities Update – Cardamom

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Cardamom futures move up on rising spot demand

Rising for the third consecutive session, cardamom futures gained Rs 2.90 ($0.05, €0.04, £0.04) to Rs 615.50 ($11.64, €8.90, £7.42) per kg today on the back of steady demand in the spot market and low arrivals from producing regions.

At the Multi Commodity Exchange, January cardamom moved up by Rs 2.90 ($0.05, €0.04, £0.04), or 0.47%, to Rs 615.50 ($11.64, €8.90, £7.42) per kg, with an open interest for 127 lots.

The February contract delivery gained Rs 2 ($0.04, €0.03, £0.02), or 0.31%, at Rs 643 ($12.16, €9.30, £7.76) per kg in 17 lots.

Traders said besides rising demand in the spot market, low arrivals from producing regions mainly led to the rise in cardamom futures prices.

www.keresspices.com

International Spices Commodities Update – Cumin

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Such is the negative sentiment in trader circles that prices of the commodity have already been jacked up in the spot and futures market.

The government says cumin sowing as of December 19 was reported at 264,000 hectares. “This is higher from 125,000 hectares reported during the same period last year,” notes a senior official of the state agriculture department. But, cumin is a winter crop and the weather remained largely warm till recently.

Cumin futures on the NCDEX rose in the spot markets on Monday due to short supply. The January contract traded at Rs 16,580 ($313.20, €239.65, ₤199.75) per quintal — up four per cent against the previous close.

Arrivals remained thin in the spot market, with prices in the range of Rs 13,500 ($255.02, €195.13, ₤162.64) to Rs 14,000 ($264.46, €202.36, ₤168.67) per quintal at the Unjha market.

“We see a breakout in the technical chart of cumin at this level,” says Jagdeep Garewal, Kunverji Commodities here. “We don’t notice a substantial resistance till Rs 17,000 ($321.13, €245.72, ₤204.81) per quintal, with a stop-loss level at Rs 15,700 ($296.58, €226.93, ₤189.15). Temperature fluctuations are likely to cause a drop in quality and yield.”

Also, there is no fresh stockist selling at current price levels. “So,” Garewal adds, “we see strong reasons for prices to rise further over the next 15-20 days.”

According to trader sources in Palanpur, prices may rise further, as production may not rise at par with the rise in the acreage of cumin.

Insiders, though, claim the carryover stock has been high at around one million bags (a bag is 55 kg) against 400,000 bags last year. The production was 2.9 million bags in 2010-11, estimated to swell to four million bags this year, considering sharp increases in the acreage.

“Export inquiry is less in recent days, mainly due to Christmas holidays,” said an exporter from Unjha (India’s largest cumin market). But we’ll see demand rise significantly over the next week, as production in Syria and Turkey will fall short of overseas demand.” According to him, export so far in the current financial year has remained higher at around 20,500 tonnes, as against 19,800 tonnes in the year-ago period.

For more information, please contact Keres Consulting

www.keresspices.com