WEEKLY AGRI REPORT 28TH JANUARY 2013
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HEADLINES Pepper rises to 12-week high, jeera hits contract low
Pepper extended gains, rising the most in twelve weeks as stocks and supplies failed to keep pace with the firm winter demand.As of 0935 GMT, the most-active February pepper contract
on the National
Commodity and
Derivatives Exchange (NCDEX) was 0.87 percent higher at 38,125 rupees per 100 kg, after hitting a high of 38,380 rupees earlier, a level last seen on Nov. 8. Spot pepper rose
TRADING TIP:
BUY SOYABEAN FRB ABOVE 3272 TGTS 3312/3372 SL 3202 SELL CHANA APR BELOW 3200 TGTS 3150/3100 SL 3250 www.epicresearch.co
231.5 rupees to 39,169 rupees per 100 kg in Kochi. "Arrivals are very less, which is helping prices," said Chowda
Reddy,
senior
analyst
with
JRG
Wealth
Management.Pepper output is likely to be higher this season as good yields are expected in the top-producing states of Kerala and Karnataka, traders said. Supplies from the new season crop start arriving in January-February.
EXPERT OPINION STOCK
S1
S2
R1
R2
CHANA
3,361
3,161
3,918
4,275
RM SEED
3,175
2,901
3,992
4,535
SOYABEAN
3,154
3,071
3,297
3,357
JEERA
13,476
13,248
14,001
14,298
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EXP DATE
PRODUCT NAME
OPEN HIGH MARKET LOW CLOSE LTP CHG WEEKLY ANALYSIS
PERCENTAGE CHANGE
Pepper CHANA 4556 4525 4560per quintal 4532 in futures -28 trade-0.61 Pepper 7/19/2012 prices declined by 0.75 4573 per cent to Rs 35,005 today as
speculators reduced their positions amid a weak trend at spot markets due to sluggish CHILLI 7/19/2012 5060Commodity 5060 and Derivatives 5018 5120 -102delivery-1.99 demand. At the National Exchange,5018 pepper for in March
fell by Rs 265, or 0.75 per cent, to Rs 35,005 per quintal, with an open interest of 987 lots. GURLikewise, 7/19/2012 1178 -0.46 to Rs the spice for1188 delivery 1188 in February moved 1183.5 down by Rs1178 200, or -5.5 0.54 per cent, 37,030 per quintal, with a business volume of 1,926 lots. JEERA
7/19/2012
14955
14960
14650
15052.5
14800
-252.5
-1.68
KAPAS Chilli7/19/2012
1044
1053
1035
1049
1041
-8
-0.76
chilli prices fell by Rs 200 to42555 Rs 6,700-11,800 per quintal42435 on reports PEPPER 7/19/2012 42300 42250 42390 45 of higher 0.11output
estimated in the current year. Jeera common and best quality also declined by Rs 200 each to conclude at Rs 14,200-14,400 and Rs 17,200-17,800 per quintal. REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 SOY BEAN
7/19/2012
4309
4330
4265.5
4303
4315
12
0.28
TURMERIC
7/19/2012
4600
4676
4518
4664
4540
-124
-2.66
Turmeric
Turmeric futures fell a tad, weighed by higher carry-forward stocks and expected supplies from the new season crop from February.The April turmeric contract on the NCDEX was WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89 0.06 percent higher at 6,264 rupees per 100 kg. Spot turmeric rose 2 rupees to 5,452 rupees per 100 kg at Nizamabad, a key market in Andhra Pradesh.
Jeera Jeera futures inched up as speculators build up strong positions on improved export demand. However, expectations of higher output restricted the gains. The contract for March delivery was trading at Rs 13,905.00, up by 0.60% or Rs 2.50 from its previous closing of Rs 13,902.50. The open interest of the contract stood at 12540 lots..
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WEEKLY SOYABEAN CHART
ANALYSIS OPEN: 3262 HIGH: 3274 LOW: 3255 CLOSE: 3264
SOYABEAN LOOKS UPWARDS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS
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WEEKLY CHANA CHART
ANALYSIS OPEN: 3615 HIGH: 3618 LOW: 3587 CLOSE: 3603
CHANA LOOKS DOWNWARDS TREND: CONSOLIDATED STRATEGY: SELL ON RISE
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