WEEKLY AGRI REPORT BY EPIC RESEARCH-09 JULY 2012

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WEEKLY AGRI REPORT BY EPIC RESEARCH-09 JULY 2012

  1. 1. w eekly Agri Report(9 July 2012)HIGHLIGHTS  India’s oil meal exports up by 22% to 3.05 lakh tonnes in June 2012Indias kharif crop production may drop on lower rainfall. Oil meal exports in India rose by 22% in June 2012 to 3,05,525 tonnes as per Solvent Extractors Association of India. It was 2,05,335 tonnes in same period last year.  NCDEX RM seed rises on strong crushing demand In NCDEX mustard seed July contract traded in the afternoon session at Rs.4039 per quintal, up by 0.12%. Open interest of the contract stood at 17670 lots and volume traded so far is 7740 lots  NCDEX Soybean continues uptrend on firm fundamentals Soybean futures rose in NCDEX on limited stocks in the domestic markets amid lower sowing on the back of decline in rainfall. Soybean in NCDEX July contract is trading at Rs. 4220.50 per quintal, up by 1.64% and volume traded of the contract stood at 32020 lots
  2. 2. www.epicresearch.co+919993959693 With the lower price realization for the cotton farmers in India for 2011-12, the area under cotton has dropped drastically and is likely to affect the production for 2012-13. Global food prices is likely to surge for the month of July on high oilseed, cereal prices on account of adverse weather conditions across major growing areas in the world, according to United Nations body Food and Agricultural Organization (FAO). India’s commodity futures markets regulator, Forwards Markets Commission (FMC), may decide to lift the ban on guar complex sometimes in the month of August. In the month of March 2012, FMC banned all the contracts of guar seed and guar gum futures To meet the domestic requirements and reduce imports of pulses, India has launched a special programme to achieve more than 19 million tonne pulse production. The focus of the special programme is on inter-cropping of pulse crops over other crops during kharif, and accelerating productivity through adoption of innovative technologies relating to plan nutrition and water use. India achieved a record food grain production of 252.56 million tonnes n the last crop year (July to June) said Agricultural Ministry on Friday. Last year, the rice production stood at record 103.41 million tonnes, out of which 90.75 million tonnes were grown in kharif. www.epicresearch.co +919993959693
  3. 3. www.epicresearch.co+919993959693 Weekly soya bean chart Weekly Chana chart www.epicresearch.co +919993959693
  4. 4. www.epicresearch.co+919993959693 Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based 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 not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation 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 research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this 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 incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. www.epicresearch.co +919993959693

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