WEEKLY AGRI REPORT 20th MAY 2013

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 HEADLINES
Chana futures up on high demand
Chana prices rose by Rs 27, or 0.81 per cent, to Rs 3,350 per quintal in futures market today in line with firm trends at spot market on pick up in demand. At the National Commodity and Derivatives Exchange, chana for delivery in May month rose by Rs 27 to Rs 3350 per quintal with an open interest of 6690 lots. Similarly, the commodity for delivery in June contract traded

TRADING TIP:

higher by Rs 18, or 0.53 per cent, to Rs 3414 per quintal in 230 lots. Analysts said speculators enlarged their positions, tracking a firm trend at spot market on pickup in demand mainly pushed up chana prices at futures trade.

SELL DHANIYA JUNE BELOW 6650 TGTS 6600/6550 SL 6700 SELL CHILLI JUNE BELOW 5500 TGTS 5400/5300 SL 5600
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EXPERT OPINION
STOCK CHANA RM SEED SOYABEAN JEERA S1 S2 R1 R2

3320 3440 3970 12950

3250 3370 3930 12800

3440 3550 4100 13200

3500 3600 4180 13400

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PRODUCT NAME

EXP DATE

OPEN HIGH MARKET LOW CLOSE LTP CHG WEEKLY ANALYSIS

PERCENTAGE CHANGE

Pepper
CHANA 4556 4573 south 4525 4560 4532 -28require -0.61 Pepper 7/19/2012 prices could continue heading on selling pressure as farmers money to

meet the educational needs of their children. With colleges and schools set to open after
CHILLI 5060 5060 5018cash on 5120 5018 contract -102 on the -1.99 annual 7/19/2012 vacation, they would require some hand. May NCDEX

decreased by Rs 480 to Rs 35,210 a quintal. Total turnover moved up to 51 tones. Total open GUR 1188 1188 1183.5 1178 -5.5 -0.46 interest7/19/2012 dropped by 35 tons to 94 tonnes. 1178
JEERA

Chilli 7/19/2012

14955

14960

14650

15052.5

14800

-252.5

-1.68

Chilli prices fell by 0.25% to Rs 5,650 per quintal in futures trade today as speculators KAPAS 7/19/2012 1044 1053 1041 demand. -8 At the-0.76 reduced positions amid on higher output1035 estimates 1049 amid sluggish National Commodity and Derivatives Exchange (NCDEX), chilli for delivery in June fell by Rs 14, or PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 in July slid 0.11 by Rs 0.25%, to Rs 5,650 per quintal in 17,730 lots. Likewise, the spice for delivery 18, or 0.18%, to Rs 5,786 per quintal in 4,205 lots..
REF SOYA

Turmeric

7/19/2012

780.5

783.6

777.4

782.85

781.3

-1.55

-0.2

7/19/2012 4309 4330 4315 0.28 Turmeric futures hit the upper ceiling of4265.5 4 per cent 4303 on Thursday and 2.512 per cent on Friday and were selling at Rs 6,180 a quintal. But this has not reflected in the spot as the price of TURMERIC 7/19/2012 4600 4676 4664 4540 -124 in the -2.66 turmeric in Erode is at Rs 6,800 , which4518 is too high than the prices quoted futures market. WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89

SOY BEAN

Jeera Jeera prices fell by 0.28% to Rs 13,225 per quintal in futures market today as speculators reduced their exposures amid rising supplies in the spot market, Besides, weak export demand also put pressure on prices.At the National Commodity and Derivatives Exchange (NCDEX), jeera for delivery in June fell Rs 37.50, or 0.28% to Rs 13,225 per quintal with an open interest of 14,082 lots..

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 WEEKLY SOYABEAN CHART

ANALYSIS
OPEN: 3888 HIGH: 3910 LOW: 3861 CLOSE: 3903

SOYABEAN LOOKS UPWARDS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS

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 WEEKLY CHANA CHART

ANALYSIS
OPEN: 3428 HIGH: 3428 LOW: 3382 CLOSE: 3389

CHANA LOOKS COWNWARD TREND: CONSOLIDATED STRATEGY: SELL ON RISE

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