Weekly agri report by epic research 16 june 2014

WEEKLY AGRI REPORT 16-JUN-2014

NCDEX WEEKLY Newsletter

AGRI COMMODITY WEEKLY WRAP UP‌..!!!!

CORIANDER FUTURE Coriander futures may witness some recovery due to concern over fall in output for the current year. According to Andhra Pradesh Horticulture Department, the state's coriander output this year is seen 14 percent lower at 12379 tonnes, compared to last year. Strong export demand due to crop failure in Bulgaria and Romania coupled with limited supply of superior quality are likely to push up prices. As per the recent circular, FMC approved modifications to coriander contracts on the NCDEX. Tightening the quality parameters, the regulator approved the maximum limit for damaged and discolored coriander seeds of 1.90%, and basis limit for shriveled seeds of 1% that can be acceptable up to 1.5%. The change in contract specifications will be applicable for those that expire October onwards.

JEERA FUTURE Jeera futures is seen weak on higher production prospects. Bumper production during the season and sufficient supplies at the spot markets are limiting sharp gains in prices. Production of jeera in Gujarat, is seen rising by 36 percent on year in 2013-14 to a record 319000 tonnes, according to state's agriculture department. However, major downside will remain capped as jeera production is expected to fall in Syria and Turkey due to crop failure amid political unrest.

TURMERIC FUTURE Turmeric futures declined tracking fall in major spot markets. Poor quality crop arrivals and reports of better sowing this year are seen pressurizing the prices. During 2013-14 turmeric export performance have seen decline compared to previous year in terms of volume but higher earnings. Rainfall occurred at many places over Kerala and at a few places over North interior Karnataka. Isolated rainfall occurred over Coastal Andhra Pradesh, Rayalaseema,Tamil Nadu, Coastal and South interior Karnataka. Dry weather prevailed over Telangana.

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NCDEX WEEKLY Newsletter

NCDEX WEEKLY TECHNICAL LEVELS DHANIYA 4 HOURLY CANDLESTICK CHART

R1-9629

R2-10963

PP-10208

S1-9884

S2-9453

TRADING STRATEGY: BUY DHANIYA JUN ABOVE 10350 TGTS 10450,10550 SL 10250 SELL DHANIYA JUN BELOW 10170 TGTS 10070,9070 SL 10270

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NCDEX WEEKLY Newsletter

NCDEX WEEKLY TECHNICAL LEVELS GUARSEED 4 HOURLY CANDLESTICK CHART

R1-5375

R2-5580

PP-5230

S1-5085

S2-4880

TRADING STRATEGY: BUY GUARSEED JUN ABOVE 5400 TGTS 5500,5600 SL 5300 SELL GUARSEED JUN BELOW 5180 TGTS 5080,4980 SL 5280 4|Page WWW.EPICRESEARCH.CO CALL: +917316642300

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NCDEX WEEKLY Newsletter

NCDEX WEEKLY TECHNICAL LEVELS JEERA 4 HOURLY CANDLESTICK CHART

R1-11290

R2-11490 PP-11025

S1-10825

S2-10560

TRADING STRATEGY: BUY JEERA JUN ABOVE 11230 TGTS 11380,11580 SL 11080 SELL JEERA JUN BELOW 11000 TGTS 10850,10650 SL 11200

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NCDEX WEEKLY Newsletter

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