Weekly Agri Market News By Epic Research 14th APRIL 2014 by noblex


									     Weekly Agri Market News By Epic Research 14th
                     APRIL 2014


Coriander futures extended gains on improved domestic demand amid better quality spice in
physical markets. Sentiment
also improved on concerns over a fall in the final output due to crop damage in Rajasthan and
Madhya Pradesh.
Jeera futures are expected to trade lower due to selling pressure as arrivals of the new crop are
rising sharply in spot
markets. The off take is likely to remain limited due to expectation of high output on significant
rise in sowing. However,
expectations of pick up in export may limit sharp fall in prices. As per the latest data by Gujarat
Agriculture Board, total
acreage of jeera in the state has been increased by 1.05 lakh hectares from the last year to 4.54
lakh hectares. Traders
estimated that total production of jeera is likely to increase by 10 lakh bags to around 46 lakh
bags in the current year.
In menthaoil no major domestic demand and export cues are being noticed. beside this, the
change in the arrivals pattern
is further weighing on market sentiments. As the sowing is close to completion, farmers are
willing to offload their
holding stocks. However, concerns over the carryover stocks are still persisting because most of
the carry forward stocks
are with local stockists who are reluctant to sell their stocks due to the current price trend. We
feel that the increase in
supply from farmers coupled with the sluggish demand might pressurize mentha oil prices
Cardamom futures may trade with a positive bias on firm overseas demand . Meanwhile, strong
arrivals likely to limit
sharp rise in prices. As per market source,the Spices

BUY DHANIYA MAY ABOVE 9680 TGTS 9780,9880 SL 9530
SELL DHANIYA MAY BELOW 9490 TGTS 9390,9290 SL 9640
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