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Weekly agri-report
 

Weekly agri-report

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    Weekly agri-report Weekly agri-report Document Transcript

    •  WEEKLY AGRI REPORT 31ST DECEMBER 2012WWW.EPICRESEARCH.CO 9752199966
    •  HEADLINES  Turmeric prices up Rs 200-300 in spot Sangli. Turmeric traded up Rs 200-300 per quintal in Erode, Nizamabad and Sangli on bullish cues from futures, although demand remained normal.Turmeric finger priced at Rs. 6,000 per quintal in Erode, root variety quoted at Rs 5,600 salem per quintal, Salem finger at Rs 7,000 per quintal and Salem root at Rs 6,000 per quintal. Arrivals stood at 6,000 bags.Unpolished finger variety offered at Rs 5,700 per quintal and gatta at Rs.  TRADING TIP: 5,300 per quintal in Nizamabad. Trade of 1,200 bags was reported in Nizamabad.At Sangli, Rajapuri powder quality  BUY MENTHA was available at Rs. 5,900-6,200 per quintal, rajapuri powder medium quality at Rs. 6,700-6,900 per quintal JAN ABOVE and desi kaddapa at Rs. 5,600-5,800 per quintal. 1430 TGTS EXPERT OPINION 1470/1530 SL-1380 STOCK S1 S2 R1 R2  SELL CHANA CHANA 3,717 3,628 3,977 4,148 RM SEED 4,116 4,043 4,267 4,345 JAN BELOW SOYABEAN 3,184 3,126 3,307 3,372 3799 TGTS JEERA 14,400 14,101 15,275 15,851 3729/3629 SL 3879www.epicresearch.co 9752199966
    •  WEEKLY MARKET ANALYSISPRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE  Pepper NAME CHANGE  Pepper futures were steady with a positive bias due to depleting stocks though sluggish CHANAexports 7/19/2012 and estimates 4556 of higher output weighed.The most-active February pepper contract on 4573 4525 4560 4532 -28 -0.61 the NCDEX was up 0.06 percent at 34,100 rupees per 100 kg.Pepper output is likely to be higher next year due 5060 CHILLI 7/19/2012 to expectations of good yields5120the top producing states Kerala and 5060 5018 in 5018 -102 -1.99 Karnataka, traders said. "The country will see new crop arrival from mid-December. Crop is GURexpected to be higher in India and in rest of the world," Kotak Commodities said in a research 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 note. Overseas demand for Indian origin pepper is weak as it is offered at a higher premium over its competitors in the international market. Spot pepper rose 201 rupees to 37,890 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 rupees per 100 kg in Kochi, a key market in Kerala.  Chilli7/19/2012 KAPAS 1044 1053 1035 1049 1041 -8 -0.76 PEPPER chilli prices fell by Rs 100 42555  Red 7/19/2012 42300 per quintal in the national capital owing to subdued demand 42250 42390 42435 45 0.11 from retailers and stockists amid adequate stocks. Red chilli prices fell by Rs 100 each to conclude at Rs 6,500-12,000 and Rs 6,400-9,600 per quintal,781.3REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 respectively. Marketmen said -1.55 -0.2 subdued demand from retailers and stockists amid sufficient stocks position mainly put pressure on chilli.SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28  TurmericTURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66  Turmeric futures rose more than 1 percent on Thursday, supported by firm demand in the domestic market from north Indian buyers while expectation 1282 drop 36 output next year WHEAT 7/19/2012 1251 1282 1251 1246 of a in 2.89 due to lower area under cultivation also aided the rise. As of 0949 GMT, the April turmeric contract on the National Commodity and Derivatives Exchange (NCDEX) was up 1.58 percent at 6,554 rupees per 100 kg."Demand from north buyers has been good and is expected to stay firm in the near term," said Suresh Chowdhary, a trader from Nizamabad, a key market in Andhra Pradesh. At Nizamabad spot turmeric rose 73.5 rupees to 5,331 rupees per 100 kg. Fresh supplies from the new crop season would arrive from January. The 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. Jeera  Jeera prices rose sharply by 1.16 per cent to Rs 15,092 per quintal in futures market today as speculators built-up huge positions on the back of rising demand in domestic spot markets. However, ongoing sowing operations in the leading cultivating states, capped the gains. At the National Commodity and Derivatives Exchange, jeera for delivery in April rose by Rs 172.50 or 1.16 per cent to Rs 15,092.50 per quintal with an open interest of 2,721 lots. www.epicresearch.co 9752199966
    •  WEEKLY SOYABEAN CHARTANALYSISOPEN: 3311HIGH: 3314LOW: 3191CLOSE: 3242  SOYABEAN LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE www.epicresearch.co 9752199966
    •  WEEKLY CHANA CHARTANALYSISOPEN: 4039HIGH: 4059LOW: 3799CLOSE: 3806  CHANA LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISEwww.epicresearch.co 9752199966
    • DisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but wedo not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/sthat suits them the most.Sincere efforts have been made to present the right investment perspective. The information contained herein isbased on analysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibility.The information given herein should be treated as only factor, while making investment decision. The report does notprovide individually tailor-made investment advice. Epic research recommends that investors independently evaluateparticular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic researchshall not be responsible for any transaction conducted based on the information given in this report, which is inviolation of rules and regulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The information herein,together with all estimates and forecasts, can change without notice. Analyst or any person related to epic researchmight be holding positions in the stocks recommended. It is understood that anyone who is browsing through the sitehas done so at his free will and does not read any views expressed as a recommendation for which either the siteor its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance ofthis disclaimer.All Rights Reserved.Investment in equity & bullion market has its own risks.We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurredwhatsoever for any financial profits or loss which may arise from the recommendations above epic research doesnot purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Anythird party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Providedby us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can betaken. www.epicresearch.co 9752199966