AGRI WEEKLY REPORT 30 TH DEC - 4 TH JAN 2013


TURMERIC

Indian turmeric futures rose on a pickup in local and export demand, while
concerns about thequality of crop in top producer Andhra Pradesh also aided sentiment.
There are somemodifications made in the Quality specifications for contracts expi
ringin April 2014 and the reafter

CHANA

Indian chana, or chickpea, futures fell dueto sufficient stocks, higher area under cultivation andprospects of better crop, though concerns about the output in Madhya Pradesh restricted thedownside.Farmers have begun sowing chana in the major cultivating regions. There are someconcerns over a shift in acreage in Madhya PradeshThe area under cultivation has increasedbut there are some concerns (about the crop) in Madhya Pradesh.

SOYABEAN

Indian soybean and soyoil futures fell
as sluggish demand in the physical market offset a weakerrupee
and thin supplies.Rapeseed futures eased on expectation of a bumper crop.
Soybeanfutures traded on a negative note on weak oil demand and higher arrivals. Highe
r outputexpectations in South America also pressurized prices. Prices gainedearlier due to demandfrom the crushing industry.

JEERA

Jeera futures recovered from lower levels on account of shortcoverings as well as some exportenquiries.Prices have declined sharply over the last few days on weak domestic demand as wellas higher sowing of jeerathis season.

GUAR

Indian guar seed futures fell on Friday on sluggish local demand, supplies from the new seasoncrop and expectations of higher production.Guar seed output is expected to rise due toexpanded area under cultivation and on good rains.Industry experts expect guar seed
production to be 2.52.7 million tonnes in 2013, up from nearly 2.2 million tonnes a year earlier.Trading activities have been sluggish as exporters are not very active in the market. Prices arelikely to remainrangebound in the short term in the absence of any major demand
.


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