WEEKLY AGRI REPORT 3RD DECEMBER 2012

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 HEADLINES
Mixed trend in spices futures price Mixed conditions developed on the local kirana market today as select spices rose on the back of pick up in demand while a few others remained weak on adequate supplies. Market men said rising demand due to marriage season led to rise in in select spices. Adequate supplies positions against lack of buying support mainly helped other spices to trade lower, they said. In the national capital, cardamom small varieties such as chitridar, color robin, bold and extra bold were up by Rs 5 each to Rs 745-845, Rs 745-885, Rs 735-795 and Rs 925-1,045 per kg respectively. Dhania moved up by Rs 100 to Rs 6,900-9,400 per quintal.

TRADING TIP:

SELL TMC DEC BELOW 4878 4838/4818 TGTS SL-4928 SELL SOYA OIL NOV BELOW 710 TGT 698/694 SL 725

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

4027 4063 3033 13929

3960 4009 2961 13752

4228 4198 3235 14434

4362 4279 3365 14762

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PRODUCT EXP DATE Pepper NAME

WEEKLY MARKET ANALYSIS

OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE

Pepper futures declined due to higher production prospects and sluggish export demand. According to IPC, during Jan-Sep 2012, total import of pepper into the United States was CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 41923 tonnes, as against 52489 tonnes in the same period last year. Import of black pepper decreased significantly506026 percent. Import of white pepper also decreased at smaller rate, by CHILLI 7/19/2012 5060 5018 5120 5018 -102 -1.99 while for ground pepper increased marginally. Indonesia remained the major supplier of black and main GUR white pepper to the US market. India was the 1183.5 source, supplying 4275 tonnes (47 7/19/2012 1188 1188 1178 1178 -5.5 -0.46 percent).
JEERA

Chilli

7/19/2012

14955

14960

14650

15052.5

14800

-252.5

-1.68

KAPAS 7/19/2012 1044 1053 1049 1041 -8 -0.76 Chilli futures may continue to rise due to1035 expectation of improvement in domestic demand

and export orders from Bangladesh and Sri Lanka. As per the Minister of State for Commerce & establishment of a Spice park 45 Guntur, Andhra at PEPPER Industry, Government has approved 42250 7/19/2012 42300 42555 42390 42435 0.11 Pradesh at a cost of Rs.23 crore to empower the chilli farmers to have better price realization and allocated REF SOYA wider markets for their produce. The Government of Andhra Pradesh had -0.2 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 124.78 acres of land in favour of Spice Board, for setting up of this Spices Park. The installation of the plant & machinery for 4265.5 processing 4303 of Chilli is4315 in progress and the 0.28 for target SOY BEAN 7/19/2012 4309 4330 12 completion of the project is December, 2012
TURMERIC

Turmeric

7/19/2012

4600

4676

4518

4664

4540

-124

-2.66

WHEAT 7/19/2012 1251 1282 1246 1282 36 Turmeric prices fell by 1.21 per cent to 12514,916 per quintal in futures trading 2.89 Rs today as

speculators offloaded their positions largely due to adequate supplies against subdued demand in the local market. At the National Commodity and Derivatives Exchange, turmeric for delivery in December fell by Rs 60, or 1.21per cent, to Rs 4,916 per quintal with an open interest of 15,380 lots. Similarly, the spice for delivery in April shed Rs 14, or 0.25 per cent, to Rs 5,530 per quintal in a trade volume of 8,175 lots.

Jeera
Jeera prices moved down by Rs 142.50 to Rs 14,170 per quintal in futures trade today on ample supplies in the spot market against sluggish demand. At the National Commodity and Derivatives Exchange, jeera for delivery in December moved down by Rs 142.50, or 1.00 per cent, to Rs 14,170 per quintal with an open interest of 12,621 lots. Similarly, the spice for delivery in the March contract traded lower by Rs 65, or 0.42 per cent, to Rs 15,265 per quintal in 9,018 lots.

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 WEEKLY SOYABEAN CHART

ANALYSIS
OPEN: 3284 HIGH: 3293 LOW: 3091 CLOSE: 3106

SOYABEAN LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE

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 WEEKLY CHANA CHART

ANALYSIS
OPEN: 4255 HIGH: 4295 LOW: 4094 CLOSE: 4094

CHANA LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE

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