Weekly Agri Commodity Trading Market News By Epic Research Pvt. Ltd. - 4th August to 8th August 2014

AGRI COMMODITY Weekly WRAP UP

CHANA FUTURE

Chana futures traded on a negative note on long liquidation. Revival of monsoon and a sharp increase in the sowing of kharif pulses kept prices under downside pressure and settled 2.33% lower. Prices gained earlier this month on demand from the millers coupled with festive demand and declining arrival pressure.

SOYABEAN FUTURE

Soybean futures opened higher on short coverings at lower levels coupled with tight supplies of the old crop. However, a pickup in

the sowing of soybeans and revival of monsoon capped the upside and settled 0.14% higher. The spot continued to remain weak

and declined 2.46%.

CORIANDER FUTURE

Coriander futures are seen trading higher on reports of limited arrivals in the domestic market. On Wednesday, total arrivals of coriander in major spot markets in Rajasthan were around 11000 bag . However, reports of crop damage in Romania and negligible stock in domestic market may keep coriander prices higher. Projected decline in coriander production in Indiacompared to last year might too push up coriander prices.

JEERA FUTURE

Jeera futures declined for the third straight session on weak demand as buyers are waiting for lower levels to initiate fresh buying. Record output and huge carryover stocks also added to the downside pressure and settled 0.84% lower. Geo-political tensions in Syria and Turkey have led to a supply crunch in the global markets raising supply concerns from the two major exporting countries. Export orders are diverted to India. Production is also expected to fall in Syria and Turkey due to crop failure

DHANIYA

BUY DHANIYA AUG ABOVE 12040 TGTS 12140,12240 SL 11920

SELL DHANIYA AUG BELOW 11675 TGTS 11575,11475 SL 11795

Epic Research Private Limited is the advisory firm awarded with the Service Excellence Award. We are delivering services in providing consultation regarding Capital Stock Market of India and other global markets. Our team having experienced researchers who offer updates on the sectors like – Intraday Stock Tips, derivative trading, commodity trading, FOREX trading tips etc.

Our research Team give recommendations on the following -

• equity (cash)

• derivatives

• commodity and

• currency

Keep track our offers and services by FREE TRIAL +91 731 6642300

mail us here: [email protected]

give Missed call at 02653090639

SMS EPIC to 56363 Or visit our site https://www.epicresearch.co/

###