WEEKLY AGRI REPORT 20th MAY 2013
HEADLINES Chana futures up on high demand Chana prices rose by Rs 27, or 0.81 per cent, to Rs 3,350 per quintal in futures market today in line with firm trends at spot market on pick up in demand.
Derivatives Exchange, chana for delivery in May month rose by Rs 27 to Rs 3350 per quintal with an open
commodity for delivery in June contract traded
SELL DHANIYA JUNE BELOW 6650 TGTS 6600/6550 SL 6700 SELL CHILLI JUNE BELOW 5500 TGTS 5400/5300 SL 5600 www.epicresearch.co
higher by Rs 18, or 0.53 per cent, to Rs 3414 per quintal in 230 lots. Analysts said speculators enlarged their positions, tracking a firm trend at spot market on pickup in demand mainly pushed up chana prices at futures trade.
EXPERT OPINION STOCK
OPEN HIGH MARKET LOW CLOSE LTP CHG WEEKLY ANALYSIS
Pepper CHANA 4556 4573 south 4525 4560 -28require -0.61 Pepper 7/19/2012 prices could continue heading on selling pressure4532 as farmers money to
meet the educational needs of their children. With colleges and schools set to open after CHILLI 5060 5018cash on 5120 5018 contract -102 on the-1.99 annual 7/19/2012 vacation, they5060 would require some hand. May NCDEX
decreased by Rs 480 to Rs 35,210 a quintal. Total turnover moved up to 51 tones. Total open GURinterest7/19/2012 1183.5 1178 -5.5 -0.46 dropped by 351188 tons to 941188 tonnes. 1178 Chilli 7/19/2012
Chilli prices fell by 0.25% to Rs 5,650 per quintal in futures trade today as speculators KAPAS 1044 1053output1035 1041 demand. -8 At the-0.76 reduced7/19/2012 positions amid on higher estimates 1049 amid sluggish National Commodity and Derivatives Exchange (NCDEX), chilli for delivery in June fell by Rs 14, or PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 in July slid 0.11 by Rs 0.25%, to Rs 5,650 per quintal in 17,730 lots. Likewise, the spice for delivery 18, or 0.18%, to Rs 5,786 per quintal in 4,205 lots.. REF SOYA
7/19/2012 4309 4330 4315 0.28 Turmeric futures hit the upper ceiling of4265.5 4 per cent 4303 on Thursday and 2.512per cent on Friday and were selling at Rs 6,180 a quintal. But this has not reflected in the spot as the price of TURMERIC 7/19/2012 4600 4676 4664 -124 in the -2.66 turmeric in Erode is at Rs 6,800 , which4518 is too high than the4540 prices quoted futures market. WHEAT
Jeera Jeera prices fell by 0.28% to Rs 13,225 per quintal in futures market today as speculators reduced their exposures amid rising supplies in the spot market, Besides, weak export demand also put pressure on prices.At the National Commodity and Derivatives Exchange (NCDEX), jeera for delivery in June fell Rs 37.50, or 0.28% to Rs 13,225 per quintal with an open interest of 14,082 lots..
WEEKLY SOYABEAN CHART
ANALYSIS OPEN: 3888 HIGH: 3910 LOW: 3861 CLOSE: 3903
SOYABEAN LOOKS UPWARDS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS
WEEKLY CHANA CHART
ANALYSIS OPEN: 3428 HIGH: 3428 LOW: 3382 CLOSE: 3389
CHANA LOOKS COWNWARD TREND: CONSOLIDATED STRATEGY: SELL ON RISE
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