WEEKLY AGRI REPORT 31ST DECEMBER 2012

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 HEADLINES
Turmeric prices up Rs 200-300 in spot
Sangli. Turmeric traded up Rs 200-300 per quintal in Erode, Nizamabad and Sangli on bullish cues from futures, although demand remained normal.Turmeric finger priced at Rs. 6,000 per quintal in Erode, root variety quoted at Rs 5,600 salem per quintal, Salem finger at Rs 7,000 per quintal and Salem root at Rs 6,000 per quintal. Arrivals stood at 6,000 bags.Unpolished finger variety offered at Rs 5,700 per quintal and gatta at Rs.

TRADING TIP:

5,300 per quintal in Nizamabad. Trade of 1,200 bags was reported in Nizamabad.At Sangli, Rajapuri powder quality was available at Rs. 5,900-6,200 per quintal, rajapuri powder medium quality at Rs. 6,700-6,900 per quintal and desi kaddapa at Rs. 5,600-5,800 per quintal.

BUY MENTHA JAN ABOVE 1430 TGTS 1470/1530 SL-1380 SELL CHANA JAN BELOW 3799 TGTS 3729/3629 SL 3879

EXPERT OPINION
STOCK CHANA RM SEED SOYABEAN JEERA S1 S2 R1 R2

3,717 4,116 3,184 14,400

3,628 4,043 3,126 14,101

3,977 4,267 3,307 15,275

4,148 4,345 3,372 15,851

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PRODUCT EXP DATE Pepper NAME

WEEKLY MARKET ANALYSIS

OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE

Pepper futures were steady with a positive bias due to depleting stocks though sluggish exports 7/19/2012 and estimates 4556 of higher output weighed.The most-active February pepper contract on CHANA 4573 4525 4560 4532 -28 -0.61 the NCDEX was up 0.06 percent at 34,100 rupees per 100 kg.Pepper output is likely to be higher next year due 5060 to expectations of good yields5120the top producing states Kerala and in CHILLI 7/19/2012 5060 5018 5018 -102 -1.99 Karnataka, traders said. "The country will see new crop arrival from mid-December. Crop is expected to be higher in India and in rest of the world," Kotak Commodities said in a research GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 note. Overseas demand for Indian origin pepper is weak as it is offered at a higher premium over its competitors in the international market. Spot pepper rose 201 rupees to 37,890 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 rupees per 100 kg in Kochi, a key market in Kerala.
KAPAS Chilli7/19/2012 1044 1053 1035 1049 1041 -8 -0.76

Red per quintal in the national capital owing to subdued demand PEPPER chilli prices fell by Rs 100 42555 7/19/2012 42300 42250 42390 42435 45 0.11 from retailers and stockists amid adequate stocks. Red chilli prices fell by Rs 100 each to conclude at Rs 6,500-12,000 and Rs 6,400-9,600 per quintal,781.3 respectively. Marketmen said REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 -1.55 -0.2 subdued demand from retailers and stockists amid sufficient stocks position mainly put pressure on chilli. SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 Turmeric
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66

Turmeric futures rose more than 1 percent on Thursday, supported by firm demand in the domestic market from north Indian buyers while expectation 1282 drop 36 output next year of a in WHEAT 7/19/2012 1251 1282 1251 1246 2.89 due to lower area under cultivation also aided the rise. As of 0949 GMT, the April turmeric contract on the National Commodity and Derivatives Exchange (NCDEX) was up 1.58 percent at 6,554 rupees per 100 kg."Demand from north buyers has been good and is expected to stay firm in the near term," said Suresh Chowdhary, a trader from Nizamabad, a key market in Andhra Pradesh. At Nizamabad spot turmeric rose 73.5 rupees to 5,331 rupees per 100 kg. Fresh supplies from the new crop season would arrive from January. The area under turmeric cultivation is lower this year due to scant rainfall during the planting season and a shift in acreage to other crops, but higher carry-forward stocks are expected to keep supplies firm.

Jeera
Jeera prices rose sharply by 1.16 per cent to Rs 15,092 per quintal in futures market today as speculators built-up huge positions on the back of rising demand in domestic spot markets. However, ongoing sowing operations in the leading cultivating states, capped the gains. At the National Commodity and Derivatives Exchange, jeera for delivery in April rose by Rs 172.50 or 1.16 per cent to Rs 15,092.50 per quintal with an open interest of 2,721 lots.

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 WEEKLY SOYABEAN CHART

ANALYSIS
OPEN: 3311 HIGH: 3314 LOW: 3191 CLOSE: 3242

SOYABEAN LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE

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 WEEKLY CHANA CHART

ANALYSIS
OPEN: 4039 HIGH: 4059 LOW: 3799 CLOSE: 3806

CHANA LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE

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