WEEKLY AGRI REPORT BY EPIC RESEARCH- 3 DECEMBER 2012
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WEEKLY AGRI REPORT 3RD DECEMBER 2012 WWW.EPICRESEARCH.CO 9752199966 HEADLINES Mixed trend in spices futures price Mixed conditions developed on the local kirana market today as select spices rose on the back of pick up in demand while a few others remained weak on adequate supplies. Market men said rising demand due to marriage season led to rise in in select spices. Adequate supplies positions against lack of buying support mainly helped other spices to trade lower, they said. In the national capital, cardamom small varieties such as chitridar, color robin, bold and extra TRADING TIP: bold were up by Rs 5 each to Rs 745-845, Rs 745-885, Rs 735-795 and Rs 925-1,045 per kg respectively. Dhania SELL TMC DEC moved up by Rs 100 to Rs 6,900-9,400 per quintal. BELOW 4878 4838/4818 TGTS SL-4928 EXPERT OPINION SELL SOYA OIL STOCK S1 S2 R1 R2 NOV BELOW CHANA 4027 3960 4228 4362 710 TGT RM SEED 4063 4009 4198 4279 698/694 SL 725 SOYABEAN 3033 2961 3235 3365 JEERA 13929 13752 14434 14762 www.epicresearch.co 9752199966 WEEKLY MARKET ANALYSIS PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE Pepper NAME CHANGE Pepper futures declined due to higher production prospects and sluggish export demand. According to IPC, during Jan-Sep 2012, total import of pepper into the United States was CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 41923 tonnes, as against 52489 tonnes in the same period last year. Import of black pepper by decreased significantly506026 percent. Import of white pepper also decreased at smaller rate, CHILLI 7/19/2012 5060 5018 5120 5018 -102 -1.99 while for ground pepper increased marginally. Indonesia remained the major supplier of black and GUR white pepper to the US market. India was the 1183.5 source, supplying 4275 tonnes (47 7/19/2012 1188 1188 1178 main 1178 -5.5 -0.46 percent). JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 Chilli Chilli futures may continue to rise due to1035 KAPAS 7/19/2012 1044 1053 expectation of improvement in domestic demand 1049 1041 -8 -0.76 and export orders from Bangladesh and Sri Lanka. As per the Minister of State for Commerce & PEPPER Industry, Government has approved 42250 7/19/2012 42300 42555 establishment of a Spice park 45 Guntur, Andhra 42390 42435 at 0.11 Pradesh at a cost of Rs.23 crore to empower the chilli farmers to have better price realization and REF SOYA wider markets for their produce. The Government of Andhra Pradesh had -0.2 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 allocated 124.78 acres of land in favour of Spice Board, for setting up of this Spices Park. The installation of the plant & machinery for 4265.5 SOY BEAN 7/19/2012 4309 4330 processing 4303 in progress and the 0.28 for of Chilli is4315 12 target completion of the project is December, 2012 TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 Turmeric Turmeric prices fell by 1.21 per cent to 12514,916 per quintal in futures trading 2.89 WHEAT 7/19/2012 1251 1282 Rs 1246 1282 36 today as speculators offloaded their positions largely due to adequate supplies against subdued demand in the local market. At the National Commodity and Derivatives Exchange, turmeric for delivery in December fell by Rs 60, or 1.21per cent, to Rs 4,916 per quintal with an open interest of 15,380 lots. Similarly, the spice for delivery in April shed Rs 14, or 0.25 per cent, to Rs 5,530 per quintal in a trade volume of 8,175 lots. Jeera Jeera prices moved down by Rs 142.50 to Rs 14,170 per quintal in futures trade today on ample supplies in the spot market against sluggish demand. At the National Commodity and Derivatives Exchange, jeera for delivery in December moved down by Rs 142.50, or 1.00 per cent, to Rs 14,170 per quintal with an open interest of 12,621 lots. Similarly, the spice for delivery in the March contract traded lower by Rs 65, or 0.42 per cent, to Rs 15,265 per quintal in 9,018 lots. www.epicresearch.co 9752199966 WEEKLY SOYABEAN CHART ANALYSIS OPEN: 3284 HIGH: 3293 LOW: 3091 CLOSE: 3106 SOYABEAN LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co 9752199966 WEEKLY CHANA CHART ANALYSIS OPEN: 4255 HIGH: 4295 LOW: 4094 CLOSE: 4094 CHANA LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co 9752199966 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. 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