WEEKLY AGRI REPORT 18TH JANUARY 2013

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 HEADLINES
Spices up, jeera on export enquiries
Indian jeera, or cumin seed, futures rose more than 1 per cent on Friday on fresh overseas enquiries and a pick-up in spot demand though rising supplies from the new crop and expectations of a rise in output weighed on sentiment. About 2,000 bags of 60 kg each from the new season crop have started arriving daily in local markets. Jeera is a winter crop sown from October to December and fresh supplies start arriving in February. At 0948 GMT, the

TRADING TIP:

most-active jeera contract for March delivery on the National Commodity and Derivatives Exchange(NCDEX)was 1.24 per cent higher at 13,455 rupees per 100 kg."Overseas enquiries have come for Indian origin jeera as supplies from other destinations are minimal. If prices stabilize in this range, then we may see a rise in exports," said Samir Mahendra Shah,

SELL TMC APR BELOW 6320 TGTS 6220/6120 SL 6414 SELL CASTORSEED MAR BELOW 3554 TGTS 3520/3480 SL 3584
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EXPERT OPINION
STOCK CHANA RM SEED SOYABEAN JEERA S1 S2 R1 R2

3,421 3,419 3,185 13,387

3,367 3,373 3,105 12,980

3,578 3,504 3,305 14,099

3,681 3,543 3,345 14,404

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA CHILLI

7/19/2012 7/19/2012

WEEKLY MARKET ANALYSIS

4556 5060 4573 5060 4525 5018 4560 5120 4532 5018

-28

-0.61 -1.99

Pepper
-102

Indian pepper futures rose, supported by depleting stocks and thin supplies though tepid exports 7/19/2012 due to higher 1188 weighed. The1178 prices most-active pepper contract for March delivery on GUR 1188 1183.5 1178 -5.5 -0.46 the NCDEX was up 0.82 per cent at 36,425 rupees per 100 kg."Pepper is expected to continue to low JEERA trade higher today on account of 14650 stocks coupled with thin arrivals," Angel 7/19/2012 14955 14960 15052.5 14800 -252.5 -1.68 Commodities said in a research note.
KAPAS

Chilli

7/19/2012

1044

1053

1035

1049

1041

-8

-0.76

Chilli futures in India expected to continue uptrend on firm demand 45 from the 0.11 overseas PEPPER 7/19/2012 42300 42555 42250 42390 42435 buyers along with lower output concerns. Firm demand in the physical markets for the ongoing festive seasons also supported the firm trend REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
SOY BEAN

Turmeric

7/19/2012

4309

4330

4265.5

4303

4315

12

0.28

Indian turmeric futures were up, tracking firm cues from the spot market while expectations TURMERIC 7/19/2012 4600 4518 4664 4540 -124 of lower output also supported 4676 prices, though supplies from the new season crop -2.66 restricted the upside. The most-active turmeric contract for April delivery on the NCDEX was 0.22 per cent 7/19/2012 100 from WHEAT higher at 6,336 rupees per1282 kg.About 10,000-12,000 bags (of 70 kg each) 2.89 the 1251 1251 1246 1282 36 new crop are arriving daily at the Nizamabad market in Andhra Pradesh. Jeera Jeera prices shot up by Rs 182.50 to Rs 13,472.50 per quintal in futures market today after speuclators built-up of fresh positions supported by a pick up in overseas demand.However, new season supplies and hopes of higher output, limited the gains. At the National Commodity and Derivatives Exchange, jeera for delivery in March rose by Rs 182.50, or 1.37 per cent, to Rs 13,472.50 per quintal, with an open interest of 10,089 lots..

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 WEEKLY SOYABEAN CHART

ANALYSIS
OPEN: 3385 HIGH: 3490 LOW: 3374 CLOSE: 3445

SOYABEAN LOOKS UPWARDS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS

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 WEEKLY CHANA CHART

ANALYSIS
OPEN: 3416 HIGH: 3511 LOW: 3385 CLOSE: 3458

CHANA LOOKS UPWARDS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS

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