WEEKLY AGRI REPORT 25TH March 2013

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 HEADLINES
Turmeric, jeera decline on subdued demand
Turmeric and jeera prices fell by Rs 100 per quintal here today on subdued demand from retailers and stockists amid adequate stocks. Weakening trend in futures market also put pressure on the select spice prices. Turmeric prices fell by Rs 100 to Rs 6,600-11,300 per quintal. Jeera common and best quality also declined by Rs 100 each to conclude at Rs 12,700-12,800 and Rs 16,400-16,900 per quintal. Marketmen said subdued demand from retailers

TRADING TIP:

and stockists against adequate stocks, mainly pulled down turmeric and jeera prices on the wholesale kirana market here. The following are today's quotations: Ajwain 10,00015,000, black pepper (per kg) 380-500, betel- nut (kg) 180-200, cardamom brown-Jhundiwali (kg) 800-900 and cardamom brown-Kanchicut (kg) 950-1,050.

SELL CHANA APR BELOW 3375 TGTS 3325/3290 SL 3425 SELL DHANIYA APR BELOW 6660 TGTS 6575/6475 SL 6770
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EXPERT OPINION
STOCK CHANA RM SEED SOYABEAN JEERA S1 S2 R1 R2

3,358 3,405 3,516 12,870

3,334 3,357 3,402 12,685

3,428 3,497 3,704 13,270

3,474 3,541 3,778 13,485

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PRODUCT EXP DATE Pepper NAME

WEEKLY MARKET ANALYSIS

OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE

Pepper futures rose, tracking firm cues from spot where seasonal demand was good. Slack supplies and depleting stocks also aided the most-active pepper contract CHANA 7/19/2012 4556 4573 4525sentiment.The 4560 4532 -28 -0.61 for April delivery on the NCDEX was 0.75 per cent up at 36,150 rupees per 100 kg."Pepper is expected to trade on a positive 5060 note today. Low stocks coupled with good demand-1.99 from the CHILLI 7/19/2012 5060 5018 5120 5018 -102 upcountry markets may support prices at lower levels," Angel Commodities said in a research note. 7/19/2012 GUR 1188 1188 1178 1183.5 1178 -5.5 -0.46 Chilli
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68

Arrivals of chilli crop were steady above 50,000 bags; however off-take has declined on dull demand at auctions held at Guntur market. Spot rates were down by Rs80-Rs100 per quintal KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 while futures too were down by 1.5-2percent.Arrivals of jeera crop increased to 38,000 bags while demand was reported ~35,000 bags at auctions held at Unjha market. Spot PEPPER 7/19/2012 42300 steady 42555 42250 42390 42435 45 0.11 rates are trading firm at Rs133-Rs134 per kg with strong demand seen among exporters & stockiest, as per local 780.5 traders. Spot rates of pepper 782.85 garbled were steady -1.55 at Rs366 per kg and REF SOYA 7/19/2012 783.6 777.4 781.3 -0.2 that of un-garbled was unchanged at Rs351 per kg. Arrivals stood at 67 tons, but trades decline 7/19/2012 to 65 tons at auctions held at Kochi market, as per IPSTA. SOY BEAN 4309 4330 4265.5 4303 4315 12 0.28 Turmeric
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66

Turmeric futures retreated from a contract high to trade down on Friday as mounting stocks and supplies from the season crop concerns 1282 over lower WHEAT 7/19/2012 1251 new 1282 1251 offset 1246 36 output.National 2.89 Commodity and Derivatives Exchange (NCDEX) has imposed a 10 per cent special margin on long-side turmeric contracts effective Mar. 14.At 0900 GMT, the most-active turmeric contract for April delivery on the NCDEX was 0.54 per cent lower at 7,024 rupees per 100 kg. It hit a contract high of 7,142 rupees earlier in the day. Jeera Jeera futures rose on export inquires and stockists demand though rising supplies from the new crop and expectations of a higher output capped the gains.The actively traded jeera contract for April delivery on the NCDEX was 0.47 per cent higher at 13,335 rupees per 100 kg."Stockists are active in the market and prices are expected to trade steady to slightly up," said Acharya.Daily supplies from the new season crop rose to 22,000-25,000 bags of 60 kg each from 10,000-14,000 bags during the start of the month at the Unjha market in Gujarat.

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 WEEKLY SOYABEAN CHART

ANALYSIS
OPEN: 3615 HIGH: 3665 LOW: 3477 CLOSE: 3630

SOYABEAN LOOKS UPWARDS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS

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 WEEKLY CHANA CHART

ANALYSIS
OPEN: 3410 HIGH: 3450 LOW: 3380 CLOSE: 3382

CHANA LOOKS DOWNWARDS TREND: CONSOLIDATED STRATEGY: SELL ON RISE

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