WEEKLY AGRI REPORT 1ST APRIL 2013
HEADLINES Mentha oil futures up 0.75% on pick-up in spot demand
Mentha oil prices rose by Rs 8.80 to Rs 1,177.70 per kg in futures trade today as traders created fresh positions, driven by pick-up in spot demand. The sentiment improved further on tight stocks positions in the physical market following restricted arrivals from producing area of Chandousi in Uttar Pradesh. At the Multi Commodity Exchange, Mentha oil for delivery in March gained Rs
8.80, or 0.75 per cent, to Rs 1,177.70 per kg, with a trading
BUY SOYA OIL APR AROUND 685 TGTS 692/700 SL 678 BUY CASTERSEED APR AROUND 3480 TGTS 3550/3620 SL 3410
higher by Rs 7.60, or 0.64 per cent, to Rs 1,180 per kg,
volume of 524 lots. The prices for delivery in April also with a business turnover of 113 lots. Market men said a firming trend at the spot markets amid restricted supplies from producing regions, mainly influenced Mentha oil prices at futures trade here.
EXPERT OPINION STOCK
PRODUCT EXP DATE Pepper NAME
WEEKLY MARKET ANALYSIS OPEN
Pepper prices moved up by Rs 165 to Rs 36,045 per quintal in futures trading today as speculators created fresh by 4560 a rise in 4532 demand in market. CHANA 7/19/2012 4556 positions, 4573 supported 4525 -28the spot-0.61 However, estimates of a higher output this season limited the gains. At the National Commodity and Derivatives pepper rose by Rs 165, or CHILLI 7/19/2012 5060 Exchange, 5060 5018 for delivery 5120 in April 5018 month -102 -1.99 0.46 per cent, to Rs 36,045 per quintal, with an open interest of 1,427 lots. Similarly, the delivery in March up by Rs 115, or 1183.5 0.31 per cent, to Rs 37,270 per quintal in GURspice for 7/19/2012 1188 moved 1188 1178 1178 -5.5 -0.46 675 lots. Analysts attributed the rise in pepper prices at futures trade to fresh positions builtup by speculators on the back of pick in demand in the spot market. JEERA
Chilli prices surged by 3.22 per cent to Rs 7,374 per quintal in futures market today as speculators enlarged their trend at spot market45 on strong0.11 demand. PEPPER 7/19/2012 42300 positions, 42555 tracking 42250a firm42390 42435 Restricted arrivals from producing regions in the physical market also supported the upside in chilli7/19/2012 prices. At the780.5 National783.6 Commodity and Derivatives Exchange, chilli for delivery in REF SOYA 777.4 782.85 781.3 -1.55 -0.2 June surged by Rs 230, or 3.22 per cent, to Rs 7,374 per quintal, with an open interest of 10,170 lots. SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 Turmeric TURMERIC
The turmeric market here will remain closed for ten days in connection with Mariamman festival.7/19/2012 R.K.V. Ravishankar, Erode told 2.89 reporters WHEAT 1251 President, 1282 1251 Turmeric 1246Merchants 1282 Association 36 today that for Good Friday all four markets will be closed on March 29. Further for the Mariamman temple chariot dragging programme, the markets will be closed for one week. Totally ten day holiday has been declared, he said. Jeera Jeera prices moved down by 1.03 per cent to Rs 13,245 per quintal in futures trade today as speculators reduced their positions, triggered by expectations of higher output this season. At the National Commodity and Derivatives Exchange, jeera for delivery in March moved down by Rs 137.50, or 1.03 per cent to Rs 13,245 per quintal, with an open interest of 646 lots.
WEEKLY SOYABEAN CHART
ANALYSIS OPEN: 3625 HIGH: 3762 LOW: 3615 CLOSE: 3633
SOYABEAN LOOKS DOWNWARDS TREND: CONSOLIDATED STRATEGY: SELL ON RISE
WEEKLY CHANA CHART
ANALYSIS OPEN: 3372 HIGH: 3377 LOW: 3326 CLOSE: 3338
CHANA LOOKS DOWNWARDS TREND: CONSOLIDATED STRATEGY: SELL ON RISE
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