WEEKLY AGRI REPORT 25TH February 2013

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 HEADLINES
Soybeans jump 2 per cent on lower supplies,
global cues Soybean futures jumped nearly 2 per cent on Friday, supported by thin supplies and an upside in overseas prices due to strong demand from top importer China and tight US old-crop supplies. Soyoil and rapeseed rose, tracking gains in Malaysian palm oil prices, though a likely rise in rapeseed production weighed. As of 0803 GMT, Malaysian palm oil futures were up 0.28 per cent at 2,543

TRADING TIP:

ringgit per tonne, while US soybeans rose 1.76 per cent to $15.14 per bushel. * "Soybean supplies are falling. Since prices are rising, farmers are holding back supplies. They expect a further rise in prices," said Vedika Narvekar, a senior analyst with Angel Commodities Broking. The actively traded soyoil contract for March delivery on the National Commodity and Derivatives Exchange was 0.99 per cent higher at 707.8 rupees per 10 kg.

SELL CHANA APR BELOW 3430 TGTS 3400/3360 SL 3460 SELL CASTORSEED MAR BELOW 3603 TGTS 3550/3500 SL 3650
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EXPERT OPINION
STOCK CHANA RM SEED SOYABEAN JEERA S1 S2 R1 R2

3,412 3,406 3,273 12,888

3,377 3,372 3,220 12,689

3,485 3,485 3,397 13,418

3,523 3,530 3,468 13,749

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PRODUCT NAME

EXP DATE

OPEN HIGH LOW CLOSE LTP WEEKLY MARKET ANALYSISCHG

PERCENTAGE CHANGE

Pepper
CHANA 4556 4525 4560 4532 -28 -0.61 Indian 7/19/2012 pepper futures fell due4573 estimates of higher output and weak exports, though to

depleting stocks and thin supplies restricted the downside. The most-active pepper contract
CHILLI March delivery on 5060 NCDEX was 0.34 percent 5120 at 37,910 rupees per 100 kg. "The 7/19/2012 5060 5018 5018 -102 -1.99 for the down

trend looks weak in the short-term. The March contract can take support at 37,700-37,350 GUR 7/19/2012 1188 1188 -5.5 -0.46 rupees per 100 kg," said an analyst from 1178 Commodities.1178 Kotak 1183.5 Pepper output is likely to be higher this season as good yields are expected from the top-producing states of Kerala and JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 Karnataka, traders said. Supplies from the new season crop start arriving from January to February.
KAPAS

Chilli

7/19/2012

1044

1053

1035

1049

1041

-8

-0.76

PEPPER 7/19/2012 42300 42555 42250 42390 42435 Chilli futures in India expected to continue uptrend on firm demand 45 from the 0.11 overseas

buyers along with lower output concerns. Firm demand in the physical markets for the REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 ongoing festive seasons also supported the firm trend Turmeric SOY BEAN 7/19/2012
4309 4330 4265.5 4303 4315 12 0.28

Indian turmeric futures fell more than 2 percent on Thursday, weighed by a rise in the new
TURMERIC 7/19/2012 4600 4676 4518 season supplies, mounting carry-forward stocks and 4664 local4540 weak demand. -124of 1016 -2.66 the As GMT,

most-active turmeric contract for April delivery on the National Commodity and Derivatives
WHEAT 7/19/2012 1251 1282 1251 36 2.89 Exchange (NCDEX) was 2.26 percent lower at 6,140 1246 per1282 kg. About 10,000-12,000 rupees 100

bags (of 70 kg each) from the new crop are arriving daily at the Nizamabad market in Andhra Pradesh. Jeera Indian jeera, or cumin seed, were steady on fresh overseas enquiries though new season arrivals, expectations of higher production and weak spot demand weighed on sentiment. Daily supplies from the new season crop rose to about 4,000 bags of 60 kg each from 2,000 bags last week at the Unjha market in Gujarat.Jeera is a winter crop sown from October to December and fresh supplies start arriving in FebruaryThe most-active jeera contract for March delivery on the NCDEX was steady at 13,262.5 rupees per 100 kg.

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 WEEKLY SOYABEAN CHART

ANALYSIS
OPEN: 3345 HIGH: 3415 LOW: 3291 CLOSE: 3326

SOYABEAN LOOKS UPWARDS TREND: CONSOLIDATED STRATEGY: BUY ON DIPS

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 WEEKLY CHANA CHART

ANALYSIS
OPEN: 3469 HIGH: 3488 LOW: 3415 CLOSE: 3447

CHANA LOOKS DOWNWATDS TREND: CONSOLIDATED STRATEGY: SELL ON RISE

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