weekly-agri-report BY EPIC RESEARCH 4 FEB 2013 by SurbhiJain13


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                      WEEKLY AGRI REPORT
                       4TH JANUARY 2013

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                       HEADLINES

                       NCDEX Soybean has resistance at Rs 3294.67

                        On the National Commodity & Derivatives Exchange, soy
                        futures today ended marginally up on late session recovery
                        responding to fall in rupee from early highs against the
                        dollar. Rupee has inverse correlation with soyoil due to
                        India's heavy dependence on dollar denominated imports
                        of edible oils. Crude palm oil futures on MCX ended in the
                        red factoring the rise in rupee, coupled with weak winter
                        season demand for the cheapest edible oil, which has a
    TRADING TIP:       tendency to crystallize in low temperatures. Mustard
                        futures ended lower on improved crop output prospects
  BUY JEERA MAR        due to the over 2% rise in acreage and favorable weather in
                        north   India. Soybean    prices across markets were
   ABOVE 13810          marginally down in absence of cues from futures market,
   TGTS                 which remained flat.

   13950/14100                       EXPERT OPINION
   SL 13640
                           STOCK         S1       S2       R1          R2
                           CHANA       3,421     3,367    3,578      3,681
   APR BELOW              RM SEED      3,419     3,373    3,504      3,543
   3480 TGTS             SOYABEAN      3,185     3,105    3,305      3,345
   3440/3400               JEERA       13,387   12,980   14,099      14,404

   SL 3520

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                           OPEN HIGH LOW CLOSE LTP                                      PERCENTAGE
 NAME                                                                                     CHANGE
  Pepper

    Pepper 7/19/2012
 CHANA                  4556    4573
            prices weakened by Rs 90 to Rs 36,855 4560 quintal in futures trade -0.61 as
                                        4525       per      4532      -28        today
     speculators reduced their positions after fall in demand at prevailing higher levels in the spot
      market.7/19/2012 expectations 5060
  CHILLI                  5060      of higher 5018
                                              output also put pressure on pepper prices. At the
                                                        5120      5018     -102      -1.99
    National Commodity and Derivatives Exchange, pepper for delivery in March month declined
  GUR Rs 90, or 0.24 per cent to Rs 36,855 per quintal with an open interest of 1,670 lots.
           7/19/2012     1188       1188     1178       1183.5    1178       -5.5        -0.46

   Chilli7/19/2012
  JEERA                    14955     14960     14650     15052.5     14800     -252.5      -1.68

     Chilli prices rose by Rs 100 per quintal in the national capital today, largely on the back of a
     pick-up7/19/2012 from local parties as well as overseas enquiries. Firming trend in futures
 KAPAS         in demand 1044         1053      1035       1049       1041       -8        -0.76

     market also supported the uptrend in select spice prices. Red chilli prices rose by Rs 100 to
     settle at7/19/2012
 PEPPER                     42300    42555
               Rs 6,500-11,500 per quintal.     42250     42390       42435      45         0.11

   Turmeric
REF SOYA 7/19/2012         780.5     783.6      777.4     782.85     781.3     -1.55       -0.2

    Turmeric prices declined by Rs 36 to Rs 6,406 per quintal in futures market today owing to
SOY BEAN    7/19/2012      4309     4330      4265.5     4303        4315      12          0.28
    subdued demand in the spot market against sufficient supplies. At the National Commodity
    and Derivatives Exchange, turmeric for delivery in May declined by Rs 36, or 0.56 per cent to
            7/19/2012               4676       4518      4664        4540
TURMERIC6,406 per quintal 4600 an open interest of 7,565 lots. Likewise, the -124 for delivery in
    Rs                     with                                               spice       -2.66

    April contract traded lower by Rs 32, or 0.50 per cent to Rs 6,310 per quintal in 27,860 lots.
 WHEAT       7/19/2012     1251       1282      1251       1246       1282      36         2.89
   Jeera

   Jeera prices fell by 0.93 per cent to Rs 13,527.50 per quintal in futures trading today as
    speculators trimmed positions largely on hopes of higher output this year. At the National
    Commodity and Derivatives Exchange, Jeera for delivery in April fell by Rs 127.50, or 0.93
    per cent to Rs 13,527.50 per quintal with an open interest of 5,688 lots. Similarly, the spice
    for delivery in the March contract declined by Rs 125, or 0.92 per cent, to Rs 13,440 per
    quintal in 11,466 lots. Market analysts said, off-loading of positions by speculators on hopes
    of higher output this year due to favorable weather conditions in producing states mainly put
    pressure on jeera prices at futures trade.

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                          WEEKLY SOYABEAN CHART

OPEN: 3204
HIGH: 3265
LOW: 3145
CLOSE: 3264


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                          WEEKLY CHANA CHART

OPEN: 3614
HIGH: 3627
LOW: 3470
CLOSE: 3476


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