NCDEX Daily Agri Commodity Press Report by epicresearch 29 st January 2014
01/29/2014

Coriander output may fall due to excess rain in Madhya Pradesh and Rajasthan, as farmers were not able to sow the seeds due to high water levels.

Online PR News – 29-January-2014 – Indore – CORIANDER FUTURE

Coriander output may fall due to excess rain in Madhya Pradesh and Rajasthan, as farmers were not able to sow
the seeds due to high water levels. As well, cold wave condition along with rain continues to hamper the crop with ‘blight’ disease; the aftermath of which is likely to exist for around three years. Accordingly, the acreage
under coriander in major producing states is likely to decline in coming years because farmers may execute
crop rotation which is considered as a major measure to control the disease.

TURMERIC FUTURE

Turmeric futures are likely to trade with positive bias due to weak production estimates for the current year
along with strong demand from domestic and overseas markets. Crop concern in Andhra Pradesh persists due to cloudy weather. However, reports of quality concern currently prevailing in the market may weigh down the
price trend.

CHANA FUTURE
Chana futures are expected to trade on a negative note. Higher stocks for delivery on the exchange
Warehouses,higher sowing, favorable climatic conditions as well as comfortable supplies may pressurize prices. Commencement of arrivals of the new crop may add to the downside pressure. However, weather concerns in
north India and expectations of pickup in demand may support prices at lower levels. thus, no major downside
is expected. Sowing of Chana is almost complete across the major growing states; weather conditions and
planting progress thereon are the crucial factors to be watch for here onwards.

SUGGESTION OF TODAY TRADING STRATEGY:

BUY CHANA FEB ABOVE 3005 TGTS 3035,3085 SL 2955
SELL CHANA FEB BELOW 2950 TGTS 2920,2870 SL 3000

SUGGESTION OF TODAY TRADING STRATEGY:

BUY CASTORSEED FEB ABOVE 4155 TGTS 4185,4245 SL 4105
SELL CASTORSEED FEB BELOW 4080 TGTS 4050,4000 SL 4130

SUGGESTION OF TODAY TRADING STRATEGY:

BUY DHANIYA FEB ABOVE 8370 TGTS 8400,8450 SL 8320
SELL DHANIYA FEB BELOW 8235 TGTS 8205,8155 SL 8285