Weekly Agri Report by www.epicresearch.co - 11th march 2013

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indore, India (prHWY.com) March 11, 2013 - HEADLINES

Turmeric, jeera recover on fresh buying
Turmeric and jeera prices rose by Rs 100 per quintal in the national capital today due to a pick-up in demand from local parties amid improvement in overseas enquiries. Restricted arrivals from producing belts also supported the upside in prices. Turmeric prices rose by Rs 100 to settle at Rs 6,400-10,300 per quintal. Jeera common and jeera best quality also increased by Rs 100 each to conclude at Rs 12,900-13,000 and Rs 16,600-17,100 per quintal, respectively. Traders said buying support from retailers and exporters against fall in supplies from producing belts.
 TRADING TIP :
* SELL MENTHA
OIL MARCH
BELOW 1224
TGTS 1210/1180
SL 1240
* BUY JEERA APR
AROUND 13200
TGTS
13400/13600
SL 13000
WEEKLY MARKET ANALYSIS

 Pepper
 Indian pepper futures fell due to estimates of higher output and weak exports, though depleting stocks and thin supplies restricted the downside. The most-active pepper contract for March delivery on the NCDEX was 0.34 percent down at 37,910 rupees per 100 kg. "The trend looks weak in the short-term. The March contract can take support at 37,700-37,350 rupees per 100 kg," said an analyst from Kotak Commodities. Pepper output is likely to be higher this season as good yields are expected from the top-producing states of Kerala and Karnataka, traders said. Supplies from the new season crop start arriving from January to February.

 Chilli
 Red chilli fell by Rs 100 per quintal in the national capital today on subdued demand from retailers and stockists amid adequate stocks. Weakening trend in futures market also put pressure on the select spice prices. Red chilli prices fell by Rs 100 to Rs 6,000-11,200 per quintal.

 Turmeric
 Turmeric and jeera prices rose by Rs 100 per quintal in the national capital today due to a pick-up in demand from local parties amid improvement in overseas enquiries. Restricted arrivals from producing belts also supported the upside in prices. Turmeric prices rose by Rs 100 to settle at Rs 6,400-10,300 per quintal.

 Jeera
 Jeera common and best quality also declined by Rs 100 each to conclude at Rs 12,800-12,900 and Rs 16,500-17,000 per quintal. Marketmen said subdued demand from retailers and stockists against adequate stocks, mainly pulled down chilli and jeera prices on the wholesale kirana market here.

 WEEKLY SOYABEAN
ANALYSIS
OPEN: 3280
HIGH: 3554
LOW: 3268
CLOSE: 3542

* SOYABEAN LOOKS UPWARDS
* TREND: CONSOLIDATED
* STRATEGY: BUY ON DIPS
 WEEKLY CHANA
ANALYSIS
OPEN: 3469
HIGH: 3488
LOW: 3415
CLOSE: 3447

* CHANA LOOKS DOWNWATDS
* TREND: CONSOLIDATED
* STRATEGY: SELL ON RISE
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