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MARKET WRAP
CHANA
Arrivals of Chana are expected to be in full momentum during this month
which would create good buying level at the physical markets
Trend reversal is expected in the Chana futures as the buying activities are
expected to prevail across the spot markets.
TURMERIC
Reduced demand from stockiest side is expected to pressurize the prices.
However, stable arrivals at spot might limit the sharp losses.
Overall trend is bearish in near term as peak arrival season will prolong this
year amid increased production.
JEERA
Jeera futures are expected to extend the bearish trend in coming week on
strong selling pressure & rising arrivals at spot market. A small recovery in
prices on short covering on lower levels can be seen initially in the week.
Arrivals at spot market are likely to remain higher. Fundamentals of
increasing arrivals amid subdued export demand are likely to weigh on prices.
PEPPER
Pepper is expected to trade on bullish note on strong buying interest. Limited
supply amid good demand is likely to support the prices. Futures are
expected to witness corrections on profit selling as prices are trading at all
time high levels.
Overall fundamentals of tight supply situation amid reduced production this
year might support the prices at spot market. Buyers from gulf countries are
expected to push the prices in near term. Indonesia and Brazil are not having
much stock to offer which will also shift demand towards India.
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