WEEKLY AGRI REPORT BY EPIC RESEARCH- 07-JAN-2013

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                      WEEKLY AGRI REPORT
                       7TH JANUARY 2013




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                       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




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                        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.



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                          WEEKLY SOYABEAN CHART




ANALYSIS
OPEN: 3322
HIGH: 3335
LOW: 3151
CLOSE: 3160

    SOYABEAN LOOKS DOWNWARDS
    TREND: BEARISH
    STRATEGY: SELL ON RISE




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                         WEEKLY CHANA CHART




ANALYSIS
OPEN: 3814
HIGH: 3972
LOW: 3810
CLOSE: 3940

    CHANA LOOKS UPWARDS
    TREND: CONSOLIDATED
    STRATEGY: BUY ON DIPS




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  www.epicresearch.co                                                                               9752199966

				
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