WEEKLY AGRI REPORT BY EPIC RESEARCH- 07-JAN-2013
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WEEKLY AGRI REPORT 7TH JANUARY 2013 WWW.EPICRESEARCH.CO 9752199966 HEADLINES Pepper moves up in futures trade on spot demand Pepper prices moved up by Rs 115 to Rs 34,575 per quintal in futures trading today on speculative buying, tracking a firm trend at spot market on pick up in demand. However, expectations of higher output and weak export demand capped the gain. At the National Commodity and Derivatives Exchange, pepper for delivery in February moved up by Rs 115, or 0.33 per cent to Rs 34,575 per quintal with an open interest of 2872 lots. In a similar TRADING TIP: fashion, the spice for delivery in March gained Rs 50 or 0.15 per cent to Rs 33,875 per quintal in 699 lots. Market BUY CHANA JAN analysts said speculators enlarging their positions on pick up in spot markets demand mainly led to rise in pepper ABOVE 3972 prices at futures trade. TGTS 4022/4092 EXPERT OPINION SL 3912 SELL SOYBEAN STOCK S1 S2 R1 R2 FEB BELOW CHANA 3,842 3,745 4,004 4,069 RM SEED 3,496 3,469 3,563 3,603 3151 TGTS SOYABEAN 3,095 3,031 3,279 3,399 3101/3031 JEERA 14,198 14,016 14,703 15,026 SL 3211 www.epicresearch.co 9752199966 WEEKLY MARKET ANALYSIS PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE Pepper NAME CHANGE Pepper futures rose on Friday tracking firm spot cues where winter demand supported prices while lesser stocks also aided the upside. 4525 0950 GMT, the4532 CHANA 7/19/2012 4556 4573 As of 4560 most-active February pepper -28 -0.61 contract on the National Commodity and Derivatives Exchange (NCDEX) was up 1.52 percent at kg.Winter buying is supporting prices but higher -102 CHILLI Rs 35,440 per 100 5060 7/19/2012 5060 5018 5120 5018 output expectations -1.99 are seen capping a sharp upside, Angel Commodities said in a research note. Spot pepper GUR 172 to Rs kg in rose Rs 7/19/2012 38,117 per 100 1188 Kochi, a key market in Kerala. Pepper output is likely to 1188 1178 1183.5 1178 -5.5 -0.46 be higher next year due to expectations of good yields in the top producing states of Kerala and Karnataka JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 Chilli KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 Red chilli offered unchanged at Guntur market of Andhra Pradesh on Friday. Meanwhile, red Guntur cold storage teza seed variety quoted at Rs 7,000- chilli futures traded mixed. At42555 PEPPER 7/19/2012 42300 42250 42390 42435 45 0.11 7,600 per quintal, Indo-5 at Rs 5,300 -5,800 per quintal, 334 quality at Rs 5,000-5,700 a 273 quality at Rs 5,200-5,800 777.4quintal, byadagi 781.3 quintal,7/19/2012 REF SOYA 780.5 783.6 per 782.85 quality at Rs 5,200-5,800 a -1.55 -0.2 quintal, 334 phataki at Rs 2,000-2,500 per quintal. Cold storage red chilli arrival reported 45,000-50,000 bags (per bags 404265.5 around 7/19/2012 SOY BEAN 4309 4330 kg). 4303 4315 12 0.28 Turmeric TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 Turmeric futures fell on mounting stocks and slack exports though improved demand from north India and expectations of lower output limited the downside. The April 2.89 WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 turmeric contract on the National Commodity and Derivatives Exchange (NCDEX) was down 0.86 percent at Rs 6,716 per 100 kg."Stocks are very high and the new supply season is also approaching. Prices may come down in the coming days as demand from overseas is not strong," said Suresh Chowdhary, a trader from Nizamabad, a key market in Andhra Pradesh. At Nizamabad, spot turmeric rose Rs 15.5 to Rs 5,695.5 per 100 kg. Jeera Jeera futures rose on some fresh overseas enquiries and hopes of further improvement in the coming weeks due to limited stocks with the other producing countries, though higher area under cultivation restricted the upside. Jeera is a winter crop for which sowing starts from October. The March jeera contract on the NCDEX was up 0.52 percent at Rs 14,480 per 100 kg."Overseas enquiries are coming for Indian origin jeera as it is the major supplier in the global market as of now with very limited stocks with other countries. At Unjha, jeera fell Rs 74.5 to Rs 14,594 per 100 kg. India is the world's top producer of jeera, or cumin seed, followed by Syria and Turkey. www.epicresearch.co 9752199966 WEEKLY SOYABEAN CHART ANALYSIS OPEN: 3322 HIGH: 3335 LOW: 3151 CLOSE: 3160 SOYABEAN LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co 9752199966 WEEKLY CHANA CHART ANALYSIS OPEN: 3814 HIGH: 3972 LOW: 3810 CLOSE: 3940 CHANA LOOKS UPWARDS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS 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. 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. 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