WEEKLY AGRI REPORT 17TH DECEMBER 2012

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 HEADLINES
Turmeric gains colour on quality arrivals_blsnm
Spot turmeric prices increased by Rs 200 a quintal as buyers preferred quality turmeric and quoted higher prices.Only few orders were received from North India, so exporters and traders purchased limited stocks. But they quoted a higher price for the hybrid and fine variety turmeric and purchased reasonable stocks. Due to the increase in the turmeric futures, stockiest purchased huge stocks predicting that prices may increase substantially.

TRADING TIP:

But studying the daily arrival, sales and other market prices of turmeric, immediate rise in prices is unlikely, said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association. He said the hybrid variety fetched a better price due to quality arrivals. The hybrid variety increased by Rs 560 a quintal on Thursday. Similarly, fine variety turmeric also fetched an increased price of Rs 200.

BUY SOYABEAN JAN ABOVE 3443 TGTS 3483/3543 SL-3393 SELL CHANA JAN BELOW 3916 TGTS 3876/3816 SL 3866

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

3,897 4,030 3,288 15,059

3,847 3,971 3,177 14,766

4,016 4,179 3,476 15,642

4,085 4,269 3,553 15,932

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PRODUCT EXP DATE Pepper NAME

WEEKLY MARKET ANALYSIS

OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE

The pepper market headed north on Wednesday on good domestic demand amid limited supply, and as a result, the running contract December moved up to close at Rs -0.61 39,300 a CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 quintal. However, February showed a marginal decline, while March remained steady at previous7/19/2012 levels. Good buying interest was 5018 from Bihar, Utter Pradesh, Delhi, -1.99 visible Mumbai, CHILLI 5060 5060 5120 5018 -102 Gujarat and Madhya Pradesh, as demand has picked up for the winter/festival/wedding season in the upcountry regions,1188 market. December 1183.5 contract on the NCDEX decreased by Rs GUR 7/19/2012 1188 1178 1178 -5.5 -0.46 290 a quintal to close at Rs 39,300 a quintal. February decreased by Rs 30 a quintal to close at Rs JEERA 34,435 a quintal, while March remained unchanged at Rs 34,225 a quintal. 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
KAPAS

Chilli

7/19/2012

1044

1053

1035

1049

1041

-8

-0.76

Red chilli prices recovered by Rs 100 per quintal in the national capital today on fresh buying by exporters.42390 Restricted42435 arrivals from producing belts PEPPER stockiest to meet rising demand from 42250 7/19/2012 42300 42555 45 0.11 also supported the upside in prices. Red chilli prices rose by Rs 100 to settle at Rs 6,40011,900 per quintal. 780.5 REF SOYA 7/19/2012 783.6 777.4 782.85 781.3 -1.55 -0.2
SOY BEAN

Turmeric

7/19/2012

4309

4330

4265.5

4303

4315

12

0.28

Turmeric we have seen that market has moved 1.6% on some fresh overseas enquiries though TURMERIC 7/19/2012 4600 4676 4518 4540 -124 -2.66 higher inventories limited the upside. Expectations4664fresh supplies from the new season of crop that would arrive from January could put pressure on jeera at higher prices. There are WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89 some enquiries from overseas buyers, but demand could improve more if prices stabilize at these levels. Area under turmeric cultivation is lower this year due to scant rainfall during the planting season and a shift in acreage to other crops, but higher carry-forward stocks are expected to keep supplies firm. Turmeric production in 2012-13 is expected around 50-60% lower compared to last year's historical high of 90 lakh bags. .Jeera Jeera common and jeera best quality also increased by Rs 100 each to conclude at Rs 14,70014,900 and Rs 17,600-18,100 per quintal, respectively The following are today's quotations: Ajwain 10,000-15,000, black pepper (per kg) 425-560, betelnut (kg) 160-195, cardamom brown-Jhundiwali (kg) 830-930.

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 WEEKLY SOYABEAN CHART

ANALYSIS
OPEN: 3260 HIGH: 3443 LOW: 3255 CLOSE: 3399

SOYABEAN LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS

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 WEEKLY CHANA CHART

ANALYSIS
OPEN: 3975 HIGH: 4035 LOW: 3916 CLOSE: 3947

CHANA LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE

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