1.
WEEKLY AGRI REPORT
4TH JANUARY 2013
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2. HEADLINES
NCDEX Soybean has resistance at Rs 3294.67
On the National Commodity & Derivatives Exchange, soy
futures today ended marginally up on late session recovery
responding to fall in rupee from early highs against the
dollar. Rupee has inverse correlation with soyoil due to
India's heavy dependence on dollar denominated imports
of edible oils. Crude palm oil futures on MCX ended in the
red factoring the rise in rupee, coupled with weak winter
season demand for the cheapest edible oil, which has a
TRADING TIP: tendency to crystallize in low temperatures. Mustard
futures ended lower on improved crop output prospects
BUY JEERA MAR due to the over 2% rise in acreage and favorable weather in
north India. Soybean prices across markets were
ABOVE 13810 marginally down in absence of cues from futures market,
TGTS which remained flat.
13950/14100 EXPERT OPINION
SL 13640
STOCK S1 S2 R1 R2
SELL CHANA
CHANA 3,421 3,367 3,578 3,681
APR BELOW RM SEED 3,419 3,373 3,504 3,543
3480 TGTS SOYABEAN 3,185 3,105 3,305 3,345
3440/3400 JEERA 13,387 12,980 14,099 14,404
SL 3520
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3. PRODUCT EXP DATE WEEKLY MARKET ANALYSISCHG
OPEN HIGH LOW CLOSE LTP PERCENTAGE
NAME CHANGE
Pepper
CHANA
Pepper 7/19/2012
prices weakened by Rs 90 to Rs 36,855 4560 quintal in futures trade -0.61 as
4556 4573 4525 per 4532 -28 today
speculators reduced their positions after fall in demand at prevailing higher levels in the spot
market.7/19/2012 expectations 5060
CHILLI However, 5060 of higher 5018
output also put pressure on pepper prices. At the
5120 5018 -102 -1.99
National Commodity and Derivatives Exchange, pepper for delivery in March month declined
GUR Rs 90, or 0.24 per cent to Rs 36,855 per quintal with an open interest of 1,670 lots.
by 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46
Chilli7/19/2012
JEERA 14955 14960 14650 15052.5 14800 -252.5 -1.68
Chilli prices rose by Rs 100 per quintal in the national capital today, largely on the back of a
KAPAS
pick-up7/19/2012 from local parties as well as overseas enquiries. Firming trend in futures
in demand 1044 1053 1035 1049 1041 -8 -0.76
market also supported the uptrend in select spice prices. Red chilli prices rose by Rs 100 to
PEPPER
settle at7/19/2012 42300 42555
Rs 6,500-11,500 per quintal. 42250 42390 42435 45 0.11
Turmeric
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
Turmeric prices declined by Rs 36 to Rs 6,406 per quintal in futures market today owing to
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
subdued demand in the spot market against sufficient supplies. At the National Commodity
and Derivatives Exchange, turmeric for delivery in May declined by Rs 36, or 0.56 per cent to
TURMERIC6,406 per quintal 4600 an open interest of 7,565 lots. Likewise, the -124 for delivery in
Rs 7/19/2012 with 4676 4518 4664 4540 spice -2.66
April contract traded lower by Rs 32, or 0.50 per cent to Rs 6,310 per quintal in 27,860 lots.
WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89
Jeera
Jeera prices fell by 0.93 per cent to Rs 13,527.50 per quintal in futures trading today as
speculators trimmed positions largely on hopes of higher output this year. At the National
Commodity and Derivatives Exchange, Jeera for delivery in April fell by Rs 127.50, or 0.93
per cent to Rs 13,527.50 per quintal with an open interest of 5,688 lots. Similarly, the spice
for delivery in the March contract declined by Rs 125, or 0.92 per cent, to Rs 13,440 per
quintal in 11,466 lots. Market analysts said, off-loading of positions by speculators on hopes
of higher output this year due to favorable weather conditions in producing states mainly put
pressure on jeera prices at futures trade.
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