WEEKLY AGRI REPORT 10TH JUNE 2013

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HEADLINES

Chana futures weaken by 1.53% on profit-booking

Chana prices extended losses for the seventh straight day

in futures trade today due to sluggish demand from local

buyers amid higher supplies. At the National Commodity

and Derivative Exchange, chana for June delivery declined

by Rs 20, or 0.62 per cent to Rs 3,163 per quintal, with an

open interest for 90.230 lots. The output of chana, or chick

pea, is expected to be 8.49 million tons in 2012/13 as per

the agriculture ministry's third advance estimate, as

against 7.70 million tons a year earlier. The arrival period

this season has been extended on account of record high

production and a delayed start in harvesting.

.EXPERT OPINION

STOCK S1 S2 R1 R2

CHANA 3160 3050 3310 3490

RM SEED 3470 3400 3535 3660

SOYABEAN 3580 3430 3810 3960

JEERA 13080 12700 13530 13750

TRADING TIP:

SELL DHANIYA

JULY BELOW

6700 TGTS

6600/6500

SL 6800

SELL JEERA JULY

BELOW 13200

TGTS

13050/12900

SL 13400

PRODUCT NAME

EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE

CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61

CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99

GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46

JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68

KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76

PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11

REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2

SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28

TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66

WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89

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WEEKLY MARKET ANALYSIS

Pepper

The present tight supply situation has turned pepper futures and spot hot, last week. The

domestic dealers have started covering and consequently, there was a visible upsurge in

demand. Domestic demand has turned out to be strong as interstate dealers were directly

covering on cash-and-carry basis from primary markets/farmers in Idukki and Wayanad,

Kerala. Leading exporters said to have bought Rajkumari (Idukki) pepper at Rs 350 a kg

while high range pepper was bought at Rs 347.

Chilli

Chilli prices fell by 0.25% to Rs 5,650 per quintal in futures trade today as speculators

reduced positions amid on higher output estimates amid sluggish demand. At the National

Commodity and Derivatives Exchange (NCDEX), chilli for delivery in June fell by Rs 14, or

0.25%, to Rs 5,650 per quintal in 17,730 lots. Likewise, the spice for delivery in July slid by Rs

18, or 0.18%, to Rs 5,786 per quintal in 4,205 lots..

Turmeric

Turmeric prices fell by 3.84 per cent to Rs 5,416 per quintal in futures trade today as

speculators trimmed their positions, driven by absence of overseas demand and timely

progress of the Monsoon.At the National Commodity and Derivatives Exchange, turmeric for

delivery in July declined by Rs 216, or 3.84 per cent to Rs 5,416 per quintal with an open

interest of 31,485 lots

Jeera

Jeera prices fell by 0.93 per cent to Rs 13,010 per quintal in futures market today largely due

to higher supplies in the spot market against subdued local as well as export demand.At the

National Commodity and Derivatives Exchange, jeera for delivery in June fell by Rs 122.50,

or 0.93 per cent to Rs 13,010 per quintal with an open interest of 543 lots.

WEEKLY SOYABEAN CHART

ANALYSIS

OPEN: 3656

HIGH: 3807

LOW: 3646

CLOSE: 3790

SOYABEAN LOOKS SIDEWAYS

TREND: CONSOLIDATE

STRATEGY: BUY ON DIPS

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WEEKLY CHANA CHART

ANALYSIS

OPEN: 3222

HIGH: 3284

LOW: 3152

CLOSE: 3190

CHANA LOOKS COWNWARD

TREND: CONSOLIDATED

STRATEGY: SELL ON RISE

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