NCDEX Daily Agri Commodity Press Report by epicresearch 03 rd Feb 2014
02/03/2014

Coriander futures are expected to trade higher on robust demand amid concerns over crop damage due to cold weather in Rajasthan and excessive rain occurred during the sowing period.

Online PR News – 03-February-2014 – Indore – CORIANDER FUTURE

Coriander futures are expected to trade higher on robust demand amid concerns over crop damage due to cold
weather in Rajasthan and excessive rain occurred during the sowing period. Coriander acreage in Rajasthan was 128220 hectares for the current year which is 80 percent of total area of 158678 hectares in 2012-13. Carryover
stocks too stood lower. As per latest report from India Meteorological Department, very dense fog was observed
at many places over Rajasthan and adjoining states.

MENTHAOIL FUTURE
We have not seen any major change in the arrivals over the last few weeks. The overall negative market sentiments are still intact. Some farmers are selling their produce at lower rates to meet their financial needs.
However, most of the stockists are stepping back to offload their stocks due to the fear of losing money. Market
sources are stating that most of the domestic exporters are purchasing mentha oil at lower rates, which is
capping gains in mentha oil prices. According to trade sources, mint sowing across Uttar Pradesh’s growing
regions might be delayed due to extreme cold wave conditions.

CHANA FUTURE
Weak demand, higher stocks for delivery on the exchange warehouses, higher sowing as well as comfortable
supplies may continue to keep chana prices under downside pressure. Commencement of arrivals of the new crop may also add to the downside pressure. However, weather concerns in the north and expectations of pickup in demand may support prices at lower levels. Prices are trading near the MSP levels, thus, no major downside is expected.

SUGGESTION OF TODAY TRADING STRATEGY:

BUY CHANA FEB ABOVE 2940 TGTS 2970,3020 SL 2890
SELL CHANA FEB BELOW 2840 TGTS 2810,2760 SL 2890

SUGGESTION OF TODAY TRADING STRATEGY:

BUY CASTORSEED FEB ABOVE 4200 TGTS 4230,4280 SL 4150
SELL CASTORSEEED FEB BELOW 4140 TGTS 4110,4060 SL 4190

SUGGESTION OF TODAY TRADING STRATEGY:

BUY DHANIYA FEB ABOVE 8150 TGTS 8180,8230 SL 8100
SELL DHANIYA FEB BELOW 8010 TGTS 7980,7930 SL 8060