Daily Agri Commodity Updates Commodities Research Spices 06 June 2009 LTP Pepper June (12465) Guarseed June (1742) Soyaoil June (492.50) Pepper NCDEX pepper futures settled marginally higher on Friday due to short covering after prices have fallen close to 6 percent until the end of this session from their May 4th high of 13,220 rupees. Spot prices in the Kochi market fell more than 2 rupees to 12,625 rupees per 100 kg. Overseas demand has turned to Vietnam has been selling at competitive rates due to a crop surplus in the country. Indian export shipment rate for Jun2009 Chart - 1 is $2950 per tonne, where Vietnam has selling at $2350 and Brazil has selling at $2400 per tonne. Guarseed NCDEX Guar seed futures fell on Friday after weather department forecast advancing monsoon in next 48 hours, India's annual monsoon rains may further advance to more parts in the next 48 hours, India Meteorological Department (IMD). Monsoon rains are key drivers for the crop. Combined open interest of guar seed futures fell to 215,950 tonnes on Friday from 216,230 tonnes on Thursday; while volumes fell to Chart - 2 187,260 tonnes from 240,540 tonnes.The loss may be limited by estimates of a 10 percent fall in acreage in the upcoming sowing season Soyaoil NCDEX soyoil futures ended lower on Friday, The prices tracking weakness in Malaysian palm oil market and on expectations of higher soybean acreage in coming sowing season, which is crushed to produce soyoil, also weighed on the markets. However, firm spot demand limited losses. Prices in the spot market in Indore a hub for soyoil trade in India, rose 1.1 percent to 46,700 rupees per tonne. Soyoil refined prices at Chart - 3 other places in Maharashtra: Adilabad - 478, Baramati - 475, Parbhani - 479, Koosnoor - 474, Pachora - 4808, Solapur - 481, Supa - 477, Sangli - 483. Commoditiy Research,JRG House, Ashoka Road, Kaloor, Kochi - 682 017, Tel: +91 484 2409900, E-mail: email@example.com, www.jrg.co.in Daily Agri Commodity Updates Technical Outlook Trade Reccomandation Commodity Expiry Call Entery S/L Targets Pepper 19-June-09 buy above 12600 12300 12870/13100 Soy oil 20-July-09 buy above 496.8 494 499.20/501.40 Guar seed 20-July-09 sell below 1730 1760 1703/1682 Intraday cruicial levels Commodity Expiry S2 S1 R1 R2 Pepper 19-June-09 12170 12306 12578 12714 Soy oil 20-July-09 485 489 498 503 Guar seed 20-July-09 1664 1707 1793 1836 JRG Securities Ltd., JRG House, Ashoka Road, Kaloor, Kochi - 682 017 Te l : + 9 1 4 8 4 2 4 0 9 9 0 0 , E - m a i l : j r g @ j r g . c o . i n , w w w. j r g . c o . i n The research report prepared by JRG research. The report is only for the purpose of use by the recipient and should not be circulated or copied without the prior permission of the company. The views expressed in this report are based on the analysis of data and information obtained from sources we consider reliable. However, the company takes no responsibility for the accuracy and completeness of any such data or information. Investors may note that neither the company nor any persons, associates or any subsidiaries accept any responsibility for any potential loss arising as a result of use of the data, information or views expressed in this report. The recipient is requested to seek independent expert advice prior to acting on this report. The company, its affiliates, subsidiaries, or their directors, employees, clients or their relatives may have positions in the Commodities mentioned in the report.
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