Weekly Agri Report by www.epicresearch.co - 25th march 2013

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indore, India (prHWY.com) March 25, 2013 - HEADLINES

Turmeric, jeera decline on subdued demand
Turmeric and jeera prices fell by Rs 100 per quintal here today on subdued demand from retailers and stockists amid adequate stocks. Weakening trend in futures market also put pressure on the select spice prices. Turmericprices fell by Rs 100 to Rs 6,600-11,300 per quintal. Jeera common and best quality also declined by Rs 100 each to conclude at Rs 12,700-12,800 and Rs 16,400-16,900 per quintal. Marketmen said subdued demand from retailers and stockists against adequate stocks, mainly pulled down turmeric and jeera prices on the wholesale kirana market here. The following are today's quotations: Ajwain 10,000-15,000, black pepper (per kg) 380-500, betel- nut (kg) 180-200, cardamom brown-Jhundiwali (kg) 800-900 and cardamom brown-Kanchicut (kg) 950-1,050.

* TRADING TIP :
* SELL CHANA
APR BELOW
3375 TGTS
3325/3290
SL 3425
* SELL DHANIYA
APR BELOW
6660 TGTS
6575/6475
SL 6770

WEEKLY MARKET ANALYSIS
 Pepper
 Pepper futures rose, tracking firm cues from spot where seasonal demand was good. Slack supplies and depleting stocks also aided the sentiment.The most-active pepper contract for April delivery on the NCDEX was 0.75 per cent up at 36,150 rupees per 100 kg."Pepper is expected to trade on a positive note today. Low stocks coupled with good demand from the upcountry markets may support prices at lower levels," Angel Commodities said in a research note

 Chilli
 Arrivals of chilli crop were steady above 50,000 bags; however off-take has declined on dull demand at auctions held at Guntur market. Spot rates were down by Rs80-Rs100 per quintal while futures too were down by 1.5-2percent.Arrivals of jeera crop increased to 38,000 bags while demand was reported steady ~35,000 bags at auctions held at Unjha market. Spot rates are trading firm at Rs133-Rs134 per kg with strong demand seen among exporters & stockiest, as per local traders. Spot rates of pepper garbled were steady at Rs366 per kg and that of un-garbled was unchanged at Rs351 per kg. Arrivals stood at 67 tons, but trades decline to 65 tons at auctions held at Kochi market, as per IPSTA

 Turmeric
 Turmeric futures retreated from a contract high to trade down on Friday as mounting stocks and supplies from the new season crop offset concerns over lower output.National Commodity and Derivatives Exchange (NCDEX) has imposed a 10 per cent special margin on long-side turmeric contracts effective Mar. 14.At 0900 GMT, the most-active turmeric contract for April delivery on the NCDEX was 0.54 per cent lower at 7,024 rupees per 100 kg.
It hit a contract high of 7,142 rupees earlier in the day.

 Jeera
 Jeera futures rose on export inquires and stockists demand though rising supplies from the new crop and expectations of a higher output capped the gains.The actively traded jeera contract for April delivery on the NCDEX was 0.47 per cent higher at 13,335 rupees per 100 kg."Stockists are active in the market and prices are expected to trade steady to slightly up," said Acharya.Daily supplies from the new season crop rose to 22,000-25,000 bags of 60 kg each from 10,000-14,000 bags during the start of the month at the Unjha market in Gujarat.

 .WEEKLY SOYABEAN
ANALYSIS
OPEN: 3615
HIGH: 3665
LOW: 3477
CLOSE: 3630
* SOYABEAN LOOKS UPWARDS
* TREND: CONSOLIDATED
* STRATEGY: BUY ON DIPS
WEEKLY CHANA
ANALYSIS
OPEN: 3410
HIGH: 3450
LOW: 3380
CLOSE: 3382
* CHANA LOOKS DOWNWARDS
* TREND: CONSOLIDATED
* STRATEGY: SELL ON RISE
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