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

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indore, India (prHWY.com) February 18, 2013 - Chana acreage rises on higher support price.
Chana (gram) acreage has touched a record 94.99 lakh hectares (lha), as farmers in AndhraPradesh, Karnataka, Madhya Pradesh and Maharashtra have planted more area. The increase is about 5 lakh ha more than last year. The rise in chana prices, coupled with a hike in minimum support prices (MSP), has helped expand overall acreage by over 5 lakh ha. The Centre has hiked the MSP by 14 per cent to Rs 3,200 a quintal for both chana and urad as part of its strategy to encourage farmers to grow more pulses to reduce import dependence.
Corn, soybean prices to rise
The CME Group corn, wheat and soybean markets are expected to be higher. The early calls for the commodities are higher. Corn is seen opening 4-6 cents higher. Soybeans are seen 6-8 cents higher and wheat 8-10 cents higher.
 TRADING TIP :
Buy Castorseed Mar
Above 3550
TGTS- 3590/3650
SL- 3520
Sell Turmeric Apr
Below 6320
TGTS-6270/6220
SL-6360
ANALYSIS
DAILY SOYABEAN
OPEN: 3230
HIGH: 3244
LOW: 3216
CLOSE: 3221
* SOYABEAN LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DIPS
DAILY CHANA
ANALYSIS
OPEN: 3493
HIGH: 3511
LOW: 3455
CLOSE: 3458
* CHANA LOOKS SIDEWAYS
* TREND: CONSOLIDATE
* STRATEGY: SELL ON RISE

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