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DAILY AGRI REPORT BY EPIC RESEARCH-23 AUGUST 2012
1. DAILY AGRI REPORT
23rd AUGUST 2012
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2. HEADLINES
Pepper futures down 1 pc on sluggish export,
spot demand
Pepper prices declined by 0.86 per cent to Rs 41,600
per quintal in futures trade today as speculators
indulged in trimming their positions amid sluggish
export and weak spot demand. At the National
Commodity and Derivatives Exchange, pepper for
delivery in August fell by Rs 360, or 0.86 per cent, to
Trading tip:
Rs 41,600 per quintal, with an open interest of 5,182
Sell Mentha Oil lots.
Jeera futures down on improved rains, higher
below 1320 for supply
Jeera futures prices fell sharply by over 2 per cent to Rs
target 1310/1300
15,887.50 per quintal today after participants reduced
SL 1335 positions on increased supplies in spot markets
following improved rains in the top producing region.
Previous At the National Commodity and Derivatives Exchange,
Performance jeera for delivery in October fell by Rs 340, or 2.10 per
cent, to 15,887.50 per quintal, with an open interest of
Sell Jeera below 14,218 lots.
15750 for target EXPERT OPINION
15600/15450 STOCK S1 S2 R1 R2
SL 15950 CHANA 4716 4641 4842 4893
Target Achieved RM SEED 4351 4324 4412 4446
SOYABEAN 3970 3940 4052 4104
JEERA 15467 15115 16032 16245
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