WEEKLY AGRI REPORT BY EPIC RESEARCH-27 AUGUST 2012
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WEEKLY AGRI REPORT 27TH AUGUST 2012 WWW.EPICRESEARCH.CO 9993959693 HEADLINES Pepper falls on weak exports; jeera up Pepper futures fell on Friday due to a decline in the overseas sales, though slack domestic supplies and dwindling stocks restricted the fall. Indian-origin pepper is offered at a premium of $800- $1,200 per tonne in the global market compared to competitors. Mentha oil futures up 2 pc on industrial Trading tip: demand Buy Jeera above Mentha oil prices moved up by Rs 26.80 to Rs 1,346.90 16500 for target per kg in futures trade today as traders created fresh positions influenced by pick-up in industrial demand 16550/16600 EXPERT OPINION SL 16375 STOCK S1 S2 R1 R2 CHANA 4683 4468 5009 5120 RM SEED 4263 4107 4508 4597 SOYABEAN 4655 4246 5268 5472 JEERA 15297 14465 16779 17429 www.epicresearch.co 9993959693 PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE WEEKLY MARKET ANALYSIS CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 Soyabean CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 Soybean traded steady to higher major spot markets of Madhya Pradesh and Maharashtra Thursday on GUR 7/19/2012 1188 1188 firmness in futures market and report of crop damage in parts of Madhya Pradesh. -5.5 bean traded at 1178 1183.5 1178 Soy -0.46 Rs 4,000-4,525 per 100 kg in the major markets of Madhya Pradesh and at Rs 4,000-4,700 per 100 kg in JEERA Arrival stood 14955 Maharashtra.7/19/2012 14650 15052.5 at 15,000 14960in MP and 5,000 bags in Maharashtra and 3,000-1.68 in bags 14800 -252.5 bags Rajasthan. On NCDEX October soybeans closed unchanged and November contract gained by 0.25% as traders accumulated long positions at lower levels. 1035 KAPAS 7/19/2012 1044 1053 1049 1041 -8 -0.76 Seed Mustard 7/19/2012 PEPPER 42300 42555 42250 42390 42435 45 0.11 Mustard seed prices across the exchanges traded higher as traders liquidated shorts at lower levels . REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 Roll over of positions was witnessed. The benchmark September contract gained by 0.86% and the gain in close price and gain in open interest suggests short covering. The spot market witnessed arrival of SOY BEAN 7/19/2012 4309 4330 56000 bags against 62000 bags in last week. 4265.5 4303 4315 12 0.28 Domestic 7/19/2012 TURMERIC soy prices traded marginally higher tracking international 4540 4600 4676 4518 4664 market.Positive International -124 -2.66 market outlook too supportive in the near term. Soy meal ended lower as traders liquidated longs. Malaysian crude palm oil futures were almost flat after hitting a one-month high earlier, with traders WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89 turning a little cautious as the worst drought in the U.S. Midwest in 56 years pushes oilseed prices higher. Coriander Coriander offered down Rs 100 a quintal in Kota on Saturday. Moreover, it traded weak in futures too. Coriander Badami loose new quoted at Rs. 3,600 per quintal, eagle loose at Rs.3,800 per quintal. New scooter variety sold at Rs. 4,000 per quintal. Total arrival in Rajasthan reported around 1,500 bags and 2000 bags at Ramganj and arrival at Baran reported around 1,000 bags and 700 bags at Guna in MP and 1,000 bags and 800 bags at Kumbhraj. (each bag=40 kg) www.epicresearch.co 9993959693 WEEKLY SOYABEAN CHART ANALYSIS OPEN: 3970 HIGH: 4074 LOW: 3970 CLOSE: 3987 SOYABEAN LOOKS BULLISH TREND: UPWARDS STRATEGY: BUY ON DIPS. WEEKLY CHANA CHART ANALYSIS OPEN: 4938 HIGH: 4945 LOW: 4692 CLOSE: 4758 CHANA LOOKS BEARISH TREND: DOWNWARDS STRATEGY: SELL ON RISE www.epicresearch.co 9993959693 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. 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