1.
WEEKLY AGRI REPORT
25TH February 2013
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2. HEADLINES
Soybeans jump 2 per cent on lower supplies,
global cues
Soybean futures jumped nearly 2 per cent on Friday,
supported by thin supplies and an upside in overseas
prices due to strong demand from top importer China and
tight US old-crop supplies. Soyoil and rapeseed rose,
tracking gains in Malaysian palm oil prices, though a likely
rise in rapeseed production weighed. As of 0803 GMT,
Malaysian palm oil futures were up 0.28 per cent at 2,543
TRADING TIP: ringgit per tonne, while US soybeans rose 1.76 per cent to
$15.14 per bushel. * "Soybean supplies are falling. Since
SELL CHANA prices are rising, farmers are holding back supplies. They
expect a further rise in prices," said Vedika Narvekar, a
APR BELOW senior analyst with Angel Commodities Broking. The
actively traded soyoil contract for March delivery on the
3430 TGTS
National Commodity and Derivatives Exchange was 0.99
3400/3360 per cent higher at 707.8 rupees per 10 kg.
SL 3460 EXPERT OPINION
SELL
STOCK S1 S2 R1 R2
CASTORSEED
CHANA 3,412 3,377 3,485 3,523
MAR BELOW
RM SEED 3,406 3,372 3,485 3,530
3603 TGTS
SOYABEAN 3,273 3,220 3,397 3,468
3550/3500 JEERA 12,888 12,689 13,418 13,749
SL 3650
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3. PRODUCT EXP DATE WEEKLY MARKET ANALYSISCHG
OPEN HIGH LOW CLOSE LTP PERCENTAGE
NAME CHANGE
Pepper
CHANA
Indian 7/19/2012
pepper futures fell due4573 estimates of higher output and weak exports, though
4556 to 4525 4560 4532 -28 -0.61
depleting stocks and thin supplies restricted the downside. The most-active pepper contract
CHILLI March delivery on 5060 NCDEX was 0.34 percent 5120 at 37,910 rupees per 100 kg. "The
for 7/19/2012 the 5060 5018 down 5018 -102 -1.99
trend looks weak in the short-term. The March contract can take support at 37,700-37,350
GURrupees per 100 kg," said an analyst from 1178 Commodities.1178
7/19/2012 1188 1188 Kotak 1183.5 Pepper output is likely to be
-5.5 -0.46
higher this season as good yields are expected from the top-producing states of Kerala and
Karnataka, traders said. Supplies from the new season crop start arriving from January to
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
February.
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
Chilli
PEPPER
Chilli futures in India expected to continue uptrend on firm demand 45
7/19/2012 42300 42555 42250 42390 42435 from the 0.11
overseas
buyers along with lower output concerns. Firm demand in the physical markets for the
ongoing festive seasons also supported the firm trend
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
Turmeric
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
Indian turmeric futures fell more than 2 percent on Thursday, weighed by a rise in the new
TURMERIC
season supplies, mounting carry-forward stocks and 4664 local4540
7/19/2012 4600 4676 4518 weak demand. -124of 1016 -2.66 the
As GMT,
most-active turmeric contract for April delivery on the National Commodity and Derivatives
WHEAT
Exchange (NCDEX) was 2.26 percent lower at 6,140 1246 per1282 kg. About 10,000-12,000
7/19/2012 1251 1282 1251 rupees 100 36 2.89
bags (of 70 kg each) from the new crop are arriving daily at the Nizamabad market in Andhra
Pradesh.
Jeera
Indian jeera, or cumin seed, were steady on fresh overseas enquiries though new season
arrivals, expectations of higher production and weak spot demand weighed on sentiment.
Daily supplies from the new season crop rose to about 4,000 bags of 60 kg each from 2,000
bags last week at the Unjha market in Gujarat.Jeera is a winter crop sown from October to
December and fresh supplies start arriving in FebruaryThe most-active jeera contract for
March delivery on the NCDEX was steady at 13,262.5 rupees per 100 kg.
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