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DAILY AGRI REPORT BY EPIC RESEARCH- 13 DECEMBER 2012
1. DAILY AGRI REPORT
13TH DECEMBER 2012
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2. HEADLINES
India chana falls on higher sowing hopes, weak
demand
Indian chana futures fell on Wednesday on expectations of
higher output from a likely rise in the area under cultivation
while increased supply of imported pulses also weighed on
sentiment. The most-active chana contract for January
delivery on the National Commodity and Derivatives Exchange
was down 0.57 per cent at Rs 3,977 per 100 kg at 0640 GMT.
Trading tip: "Imports in the fiscal year 2012/13 are likely to be higher than
a year earlier because of a shortfall in the summer sown pulses
Buy Soyabean Jan output. Chana is a winter crop and it’s sowing, which is in
progress, depends on soil moisture. Sowing is lagging behind in
Above 3315
some areas due to delayed harvesting of the summer crop, but
TGTS-3320/3320 the overall area is expected to exceed last year's, helped by
attractive prices
SL- 3310
EXPERT OPINION
Sell Chana Oil Jan STOCK S1 S2 R1 R2
CHANA 3,948 3,930 3,989 4,012
Below 3966
RM SEED 4,072 4,034 4,167 4,224
TGTS-3961/3956 SOYABEAN 3,286 3,258 3,341 3,368
SL-3971 JEERA 15,403 15,296 15,628 15,746
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