Weekly Agri Report by www.epicresearch.co - 18 FEBURARY 2013

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indore, India (prHWY.com) February 18, 2013 - HEADLINES

Spices up, jeera on export enquiries
Indian jeera, or cumin seed, futures rose more than 1 per cent on Friday on fresh overseas enquiries and a pick-up in spot demand though rising supplies from the new crop and expectations of a rise in output weighed on sentiment. About 2,000 bags of 60 kg each from the new season crop have started arriving daily in local markets. Jeera is a winter crop sown from October to December and fresh supplies start arriving in February. At 0948 GMT, the most-active jeera contract for March delivery on the National Commodity and Derivatives Exchange(NCDEX)was 1.24 per cent higher at 13,455 rupees per 100 kg."Overseas enquiries have come for Indian origin jeera as supplies from other destinations are minimal. If prices stabilize in this range, then we may see a rise in exports," said Samir Mahendra Shah,
TRADING TIP :
* TRADING TIP:
* SELL TMC APR
BELOW 6320
TGTS 6220/6120
SL 6414
* SELL
CASTORSEED
MAR BELOW
3554 TGTS
3520/3480
SL 3584

WEEKLY MARKET ANALYSIS

 Pepper

Indian pepper futures rose, supported by depleting stocks and thin supplies though tepid exports due to higher prices weighed. The most-active pepper contract for March delivery on the NCDEX was up 0.82 per cent at 36,425 rupees per 100 kg."Pepper is expected to continue to trade higher today on account of low stocks coupled with thin arrivals," Angel Commodities said in a research note.

 Chilli

Chilli futures in India expected to continue uptrend on firm demand from the overseas buyers along with lower output concerns. Firm demand in the physical markets for the ongoing festive seasons also supported the firm trend

 Turmeric

Indian turmeric futures were up, tracking firm cues from the spot market while expectations of lower output also supported prices, though supplies from the new season crop restricted
the upside. The most-active turmeric contract for April delivery on the NCDEX was 0.22 per cent higher at 6,336 rupees per 100 kg.About 10,000-12,000 bags (of 70 kg each) from the new crop are arriving daily at the Nizamabad market in Andhra Pradesh.

 Jeera

Jeera prices shot up by Rs 182.50 to Rs 13,472.50 per quintal in futures market today after speuclators built-up of fresh positions supported by a pick up in overseas demand.However, new season supplies and hopes of higher output, limited the gains. At the National Commodity and Derivatives Exchange, jeera for delivery in March rose by Rs 182.50, or 1.37 per cent, to Rs 13,472.50 per quintal, with an open interest of 10,089 lots..

WEEKLY SOYABEAN

ANALYSIS
OPEN: 3385
HIGH: 3490
LOW: 3374
CLOSE: 3445
* SOYABEAN LOOKS UPWARDS
* TREND: CONSOLIDATED
* STRATEGY: BUY ON DIPS

WEEKLY CHANA

OPEN: 3416
HIGH: 3511
LOW: 3385
CLOSE: 3458
* CHANA LOOKS UPWARDS
* TREND: CONSOLIDATED
* STRATEGY: BUY ON DIPS
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