Weekly Agri Commodity Trading Market News By Epic Research Pvt. Ltd. - 18th to 22nd August 2014

AGRI COMMODITY WEEKLY WRAP UP

CORIANDER UPDATE

Coriander prices fell by 1.75 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for August 2014 contract were trading at Rs. 11,365 per quintal, down by 1.75 per cent, after opening at Rs. 11,330 against the previous closing price of Rs. 11,567. It touched the intra-day low of Rs. 11,300 till the tradesman in the market. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scan dinavianing. (At 11.33 AM today). Sentiment weakened further as speculators reduced their positions on the back of sluggish .

JEERA UPDATE

Jeera futures pared the previous gains on short selling on improved arrivals, weak demand amid on technical cues. The NCDEX Jeera September delivery settled the day at Rs 11,225, down Rs 85 or 0.75%. Selling extended in spot Jeera amid lack of demand at elevated levels following rising arrivals. The total stocks in local mandies were almost double of the previous The

year’s level of 35 lakh bags due to record production in the current year.

SOYABEAN

According to ministry of agriculture, Kharif soybean sowing area has progressed to 107.77 lakh hectares as on 14 August 2014, but is still 10.96% lower than the 121.04 lakh hectares sown by this time last year. Rains during the last 2-3 weeks support the sowing pace over key growing belts and the numbers are likely to improve in the days ahead. State wise details, in MP soybean has been sown in 56.59 lakh hectares, in Maharashtra sowing reached to 35.12 lakh hectares and in Rajasthan sowing reached to 8.16 lakh hectares.

ECONOMIC NEWS

The July wholesale price inflation (WPI) came in at 5.19 percent (provisional), marginally higher than CNBC-TV18 poll of 5.16 percent. The 2013 July wholesale price inflation stood higher at 5.85 percent. Alongside, the government has revised May inflation numbers higher at 6.18 percent, marking it the third revision of prices in recent months. However, July core inflation declined to 3.32 percent against 3.9 percent in the previous month. The movement of the index for the various commodity

groups is summarized below Primary Articles cent due to a spike in certain food articles like fruits & vegetables, wheat and poultry & meat products.

DHANIYA

BUY DHANIYA SEP ABOVE 11700 TGTS 11800,11900 SL 11550

SELL DHANIYA SEP BELOW 11550 TGTS 11450,11350 SL 11700

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