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Weekly agri-report by epic research 7 jan 2013


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Weekly agri-report by epic research 7 jan 2013

  2. 2.  HEADLINES  Pepper moves up in futures trade on spot demand Pepper prices moved up by Rs 115 to Rs 34,575 per quintal in futures trading today on speculative buying, tracking a firm trend at spot market on pick up in demand. However, expectations of higher output and weak export demand capped the gain. At the National Commodity and Derivatives Exchange, pepper for delivery in February moved up by Rs 115, or 0.33 per cent to Rs 34,575 per quintal with an open interest of 2872 lots. In a similar  TRADING TIP: fashion, the spice for delivery in March gained Rs 50 or 0.15 per cent to Rs 33,875 per quintal in 699 lots. Market  BUY CHANA JAN analysts said speculators enlarging their positions on pick up in spot markets demand mainly led to rise in pepper ABOVE 3972 prices at futures trade. TGTS 4022/4092 EXPERT OPINION SL 3912  SELL SOYBEAN STOCK S1 S2 R1 R2 FEB BELOW CHANA 3,842 3,745 4,004 4,069 RM SEED 3,496 3,469 3,563 3,603 3151 TGTS SOYABEAN 3,095 3,031 3,279 3,399 3101/3031 JEERA 14,198 14,016 14,703 15,026 SL 9752199966
  3. 3.  WEEKLY MARKET ANALYSISPRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE  Pepper NAME CHANGE  Pepper futures rose on Friday tracking firm spot cues where winter demand supported prices while lesser stocks also aided the upside. 4525 0950 GMT, the4532 CHANA 7/19/2012 4556 4573 As of 4560 most-active February pepper -28 -0.61 contract on the National Commodity and Derivatives Exchange (NCDEX) was up 1.52 percent CHILLI Rs 35,440 per 100 5060 at 7/19/2012 kg.Winter buying is supporting prices but higher -102 5060 5018 5120 5018 output expectations -1.99 are seen capping a sharp upside, Angel Commodities said in a research note. Spot pepper GURrose Rs 7/19/2012 38,117 per 100 1188 Kochi, a key market in Kerala. Pepper output is likely to 172 to Rs 1188 kg in 1178 1183.5 1178 -5.5 -0.46 be higher next year due to expectations of good yields in the top producing states of Kerala and Karnataka JEERA 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 offered unchanged at Guntur market of Andhra Pradesh on Friday. Meanwhile, red chilli futures traded mixed. At42555 PEPPER 7/19/2012 42300 Guntur cold storage teza seed variety quoted at Rs 7,000- 42250 42390 42435 45 0.11 7,600 per quintal, Indo-5 at Rs 5,300 -5,800 per quintal, 334 quality at Rs 5,000-5,700 a quintal,7/19/2012REF SOYA 273 quality at Rs 5,200-5,800 777.4quintal, byadagi 781.3 780.5 783.6 per 782.85 quality at Rs 5,200-5,800 a -1.55 -0.2 quintal, 334 phataki at Rs 2,000-2,500 per quintal. Cold storage red chilli arrival reported around 7/19/2012SOY BEAN 45,000-50,000 bags (per bags 404265.5 4309 4330 kg). 4303 4315 12 0.28  TurmericTURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66  Turmeric futures fell on mounting stocks and slack exports though improved demand from north India and expectations of lower output limited the downside. The April 2.89 WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 turmeric contract on the National Commodity and Derivatives Exchange (NCDEX) was down 0.86 percent at Rs 6,716 per 100 kg."Stocks are very high and the new supply season is also approaching. Prices may come down in the coming days as demand from overseas is not strong," said Suresh Chowdhary, a trader from Nizamabad, a key market in Andhra Pradesh. At Nizamabad, spot turmeric rose Rs 15.5 to Rs 5,695.5 per 100 kg.  Jeera  Jeera futures rose on some fresh overseas enquiries and hopes of further improvement in the coming weeks due to limited stocks with the other producing countries, though higher area under cultivation restricted the upside. Jeera is a winter crop for which sowing starts from October. The March jeera contract on the NCDEX was up 0.52 percent at Rs 14,480 per 100 kg."Overseas enquiries are coming for Indian origin jeera as it is the major supplier in the global market as of now with very limited stocks with other countries. At Unjha, jeera fell Rs 74.5 to Rs 14,594 per 100 kg. India is the worlds top producer of jeera, or cumin seed, followed by Syria and Turkey. 9752199966
  6. 6. 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. 9752199966