Weekly Agri Commodity Trading Market News By Epic Research Pvt. Ltd. - 01 st to 5th Sep 2014

AGRI COMMODITY DAILY WRAP UP

CARDAMOM UPDATE

Continuing its rising streak for the third day, cardamom prices added

0.31% to Rs 950.90 per kg in futures trade today as speculators enlarged

positions, supported by rising demand in the spot market. from rising

demand in the spot markets, restricted arrivals from producing regions,

mainly influenced cardamom prices at futures trade.

CORIANDER UPDATE

Coriander prices rose by 0.35 per cent on NCDEX as a result of the lim-

ited stocks on account of restricted arrivals from the major growing

belts. Sentiment improved further as the investors enlarged their hold-

ings tracking the surge in the demand for the commodity. Coriander is

common in South Asian, Middle Eastern, Central Asian, Indian, Latin

American Chinese, and Scandinavian cuisine.

TURMERIC UPDATE

Turmeric prices surged over 1 per cent to Rs 6,570 per quintal in futures

trade today after speculators enlarged positions amidst rising exports de-

mand. At the. Speculators enlarged positions, taking positive cues from

the spot market on rising exports demand mainly led to the rise in tur-

meric prices at futures trade.

CHANA UPDATE

Chana prices fell further by 0.53% in futures trade today as speculators

indulged in reducing holdings on higher output hopes. At the NCDEX

Chana for delivery in September declined by Rs 10, or 0.35% The fall in

Chana futures to increased supplies in the markets on expectations of

higher output at major producing belts.

ECONOMIC NEWS

Russia’s Agriculture Ministry forecasts the country’s grain exports in the 2014-2015 agricultural year to hit a record of 27.5-30 million tonnes, during a ministry meeting on the grain market and interventions Tuesday. On August 22, Agriculture Minister Nikolai said the ministry adjusted the country’s grain export potential to no less than 25-27 million tonnes, while earlier he said

the harvest will amount to no less than 100 million tonnes of grain this year. Previous record for the country’s grain exports was registered in the 2011-2012 agricultural year, when Russia exported 27.02 million tonnes

of grain.

 Even as the stand-off between the Uttar Pradesh government and private sugar mills on the cane pricing continues, the cane department on Wednesday announced dates for the annual cane reservation meetings next month. These come before the crushing season and are used to allocate cane areas to mills on the basis of demand. But the mills had told the government about the

suspension of operations in the coming season till the resolution of demands, including the linking of cane price to sugar one. These meetings are attended by representatives of mills and cane societies..Under the law, if mills fail to provide their cane demands, the government has the power to allocate cane area based on the previous year’s demand.

DHANIYA

BUY DHANIYA SEP ABOVE 11970 TGTS 12070 ,12170 SL 11820

SELL DHANIYA SEP BELOW 11790 TGTS 11690,11590 SL 11950

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