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Rally in spices complex may continue. The revival of spices complex has been a long pending in Kerala, but the recent bullish activities in spices are pointing that year 2013 could provide satisfactory return to farmers for their crops. The performance of spices complex during last year was more or less on the weaker side. Though, compared with 2011, the year 2012 did show significant gains for the
Trading tip:
Production shortfall and good export demand seem to be driving chilli futures up even as traders and exporters say there is adequate carryover stock in cold storages. The chilli March contract on NCDEX is ruling at around Rs 66 per kg, up over 6% in the month. The June contract stood at Rs 71.50 per kg on Friday. The spice industry feels that the price at Rs 65 per kg has factored in the expected drop in output.
EXPERT OPINION
S1 3,523 3,462 3,225 13580 S2 3,471 3,412 3,174 13410 R1 3,622 3,571 3,323 13890 R2 3,671 3,624 3,374 14070
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PRODUCT NAME
EXP DATE
OPEN
HIGH
LOW
CLOSE
LTP
CHG
PERCENTAGE CHANGE
CHANA PRODUCT CHILLI NAME Chana GUR Chilli JEERA Gur KAPAS Jeera PEPPER REFKapas SOYA Pepper SOY BEAN Ref Soya TURMERIC Oil Soy Bean WHEAT Turmeric Wheat New
7/19/2012 EXP DATE 7/19/2012 19-Apr-13 7/19/2012 20-Mar-13 7/19/2012 20-Mar-13 7/19/2012 20-Mar-13 7/19/2012 28-Feb-13 7/19/2012 20-Feb-13 7/19/2012 20-Feb-13 7/19/2012 20-Feb-13 7/19/2012 19-Apr-13 20-Feb-13
4556
-28 CHANGE -102 22 -5.5 62 -252.5 -0.5 -8 20 45 -5 -1.55 -400 12 4.95 -124 40 36 -130 19
-0.61 PERCENTAGE -1.99 CHANGE 0.62 -0.46 0.94 -1.68 -0.05 -0.76 0.15 0.11 -0.57 -0.2 -1.07 0.28 0.68 -2.66 1.24 2.89 -2.04 1.25
OPEN 5060 3563 1188 6650 14955 1107.5 1044 13635 42300 885 780.5 37540 4309 725 4600 3247 1251 6368 1519
6674 14800 1104.5 1041 13710 42435 875 781.3 37070 4315 728.6 4540 3278 1282 6240 1534
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ANALYSIS
OPEN: 3238 HIGH: 3280 LOW: 3238 CLOSE: 3278
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ANALYSIS
OPEN: 3560 HIGH: 3609 LOW: 3552 CLOSE: 3582
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