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WEEKLY AGRAI REPORT BY EPIC RESEARCH- 17 DECEMBER 2012 -
1.
WEEKLY AGRI REPORT
17TH DECEMBER 2012
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2. 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,”
BUY SOYABEAN said R.K.V. Ravishankar, President, Erode Turmeric
Merchants Association. He said the hybrid variety fetched
JAN ABOVE a better price due to quality arrivals. The hybrid variety
3443 TGTS increased by Rs 560 a quintal on Thursday. Similarly, fine
variety turmeric also fetched an increased price of Rs
3483/3543 200.
SL-3393
EXPERT OPINION
SELL CHANA
JAN BELOW STOCK S1 S2 R1 R2
3916 TGTS CHANA 3,897 3,847 4,016 4,085
RM SEED 4,030 3,971 4,179 4,269
3876/3816
SOYABEAN 3,288 3,177 3,476 3,553
SL 3866
JEERA 15,059 14,766 15,642 15,932
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3.
WEEKLY MARKET ANALYSIS
PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE
Pepper
NAME 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
CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 39,300 a
quintal. However, February showed a marginal decline, while March remained steady at
previous7/19/2012
CHILLI levels. Good buying interest was 5018 from Bihar, Utter Pradesh, Delhi, -1.99
5060 5060 visible 5120 5018 -102 Mumbai,
Gujarat and Madhya Pradesh, as demand has picked up for the winter/festival/wedding
season in the upcountry regions,1188
GUR 7/19/2012 1188 market. December 1183.5
1178 contract on the NCDEX decreased by Rs
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
JEERA 34,435 a quintal, while March remained unchanged at Rs 34,225 a quintal.
Rs 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
Chilli
KAPAS 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
PEPPER stockiest to meet rising demand from 42250
by 7/19/2012 42300 42555 exporters.42390
Restricted42435
arrivals from producing belts
45 0.11
also supported the upside in prices. Red chilli prices rose by Rs 100 to settle at Rs 6,400-
11,900 per quintal. 780.5
REF SOYA 7/19/2012 783.6 777.4 782.85 781.3 -1.55 -0.2
Turmeric
SOY BEAN 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
higher inventories limited the upside. Expectations4664fresh supplies from the new season
TURMERIC 7/19/2012 4600 4676 4518 of 4540 -124 -2.66
crop that would arrive from January could put pressure on jeera at higher prices. There are
some enquiries from overseas buyers, but demand could improve more if prices stabilize at
WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89
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 14,700-
14,900 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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