Docstoc

WEEKLY FOREX REPORT BY EPIC RESEARCH-07 MAY 2012

Document Sample
WEEKLY FOREX REPORT BY EPIC RESEARCH-07 MAY 2012 Powered By Docstoc
					                                                weekly Agri Report (7 MAY 2012)


Weekly News

       India oil meal exports drop 22% in April on lower seeds supply.

       Jeera could move another 1000 points.

       Global Wheat prices rise on production cut.

       Pepper, cardamom falls on higher margin.




        India's spices for the of month of April (2nd to 27th April) traded on negative note. Chilli,
        coriander and cardamom fell by double digit figure, according to market review. In India's
        National Commodity and Derivatives Exchange (NCDEX), for June delivery during 2nd
        April to 27th April, Chilli traded down 17.26% to Rs 4840 per qtl, coriander down 16.63%
        to Rs 3814, jeera down 2.12% to Rs 12, 312.50, pepper fell 3.37% to Rs 38,950 and
        turmeric down 14.58% to Rs 3666 per qtl.

        Wheat prices is likely to rise higher in both global as well as in domestic exchange as
        United States Food and Agriculture Organisation (FAO) has trimmed the global wheat
        harvest forecast by 3.6% to 675.1 million tons.Persisting bad weather conditions in major
        growing areas especially in Europe and in Kansas has been the reason to cut the
        production forecast for 2012-13.But the production in India is expected to touch all time
        record of 90.83 million tons for 2011-12 and consumption is estimated to be around 76
        million tons.Presently due to the fall in rupee against the US dollar has boosted the
        export prospects of wheat from India. Competitive price and low transportation tariff has
        added shine to the export prospects of the country.
www.epicresearch.co +919993959693



                             WEEKLY CHARTS
   Weekly soy bean chart




   Weekly Chana chart




                                             www.epicresearch.co +919993959693
www.epicresearch.co +919993959693



   Disclaimer
   The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
   accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits
   them the most.

   Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
   analysis and up on sources that we consider reliable.

   This material is for personal information and based upon it & takes no responsibility

   The information given herein should be treated as only factor, while making investment decision. The report does not
   provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate
   particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall
   not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules
   and regulations of NSE and BSE.

   The share price projections shown are not necessarily indicative of future price performance. The information herein,
   together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be
   holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at
   his free will and does not read any views expressed as a recommendation for which either the site or its owners or
   anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.

   All Rights Reserved.

   Investment in equity & bullion market has its own risks.

   We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred
   whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not
   purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or
   anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
   which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.




                                                                                                    www.epicresearch.co +919993959693

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:8
posted:5/6/2012
language:
pages:3
Description: Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.