NCDEX Chill Tips

  Chilli 334 prices were quoting steady at Rs 5,300-5,500 per quintal in the Guntur spot market. The total arrivals stood steady at 25,000 bags (5,000 bags of  Khammam teja).

Mandi	Variety	Prices (Rs per quintal)	changes from previous day
Guntur (Andhra Pradesh)	334	5300-5500	Steady
	Teza New	7200-7400	Steady
	Khammam Teja	7400	Steady
	No- 341	5000-6000	Steady
	No-5	5000-5800	Steady

The NCDEX Chilli December contract moved in the range of  Rs 4,934-5,020 and is currently trading at Rs 4,960 per quintal, down by Rs 38 or 0.76% per quintal.

NCDEX Tips

Maize futures witnessed bargain buying from lower levels on the back of weak production estimates of kharif crop coupled with restricted supplies in international market. The NCDEX futures swelled by almost Rs 10 per quintal today.
The latest first Kharif advance estimates of Agriculture Ministry stated the total maize kharif production for 2012-13 at 15.89 million tonnes , down 6.5% from the final estimates of 2011-12. While United States Department of Agriculture (USDA ), estimated the India's total maize production at 20 million tonnes for 2012-13 , down 1.50 million tonnes from the last year.
Similarly, the latest monthly release from United States Department of Agriculture (USDA ) stated that the global maize production in 2012-13 is projected at 839 million tonnes , down 38.7 million tonnes from last year.
The NCDEX November Futures trading at Rs 1306 per quintal, up Rs 6 per quintal from last day. Technically, prices are likely to gather some buying around Rs 1295-1301 per quintal while resistances are likely at Rs 1320-1325 per quintal in the short term.

NCDEX Jeera Tips

Jeera pared the last session's relief recovery on long liquidations. The NCDEX Jeera most active November contract ended the day at Rs 14330, down Rs 170 or 1.17% from last close. The spot Jeera quoted steady in the range of Rs 13,000-13,875 per quintal at Unjha Mandi, best quality quoted in the range of Rs 14,250-14,875 per quintal. The total arrivals slumped to 4,000 bags from 6,000 bags, while demand decreased to 6,000 bags from 6,500 bags.

Jeera recovered from the lows on Monday on short covering lead by expectation of export buying in near term amid weak stocks. Prices swelled September -October mid, lead by strong export buying. However, liquidation was witnessed at higher side as exporters stayed away due to high prices. Not much demand by stockiest and physical traders was reported at current levels as comfortable rainfall in the major Jeera producing states such as Rajasthan and Gujarat raised the prospects of bumper Jeera production in the coming year. Expectations are that export orders may still be diverted to India from the international markets due to lack of supplies from Syria on back of the ongoing civil war is expected to cushion prices at lower levels.

Jeera settled up 0.52% on last day, after correcting 8% to Rs 14,300 in two weeks, from the high of Rs 15,700 level. The contract fell back on Tuesday with counter hitting the low at Rs 14,262 and ended the day at Rs 14330, down Rs 170 or 1.17% from last close. The open interest declined 543 positions, indicating long liquidations.

NCDEX Soyabeab Tips

Bearish trend continued in soyabean futures on the heels of strong domestic production estimates along with comfortable edible stocks in physical mandies. The NCDEX futures pared around Rs 82 per quintal today.

As per the latest crop estimates by Soyabean Processors Association of India ( SOPA ), the domestic soyabean production for the year 2012 is projected at 126.76 lakh tonnes, up 11.76 lakh tonnes from the last year. This is mainly due to strong sowing acreage along with better yield. Moreover, the total availability of edible oil till 25th October is estimated at around 10-11 lakh tonnes . This might reduce the soyabean crushing in the near term.

The total arrivals of soyabean decreased by 1.05 lakh bags to 1.80 lakh bags in major mandies today. The spot prices of soyabean were quoting at around Rs 3250-3280 per quintal at Indore mandi, Rs 3170-3190 per quintal at Nanded mandi and Rs 3235-3250 per quintal at Latur mandi.

The NCDEX November futures closed at Rs 3239 per quintal, down Rs 82 per quintal in last trading. The contract added almost 1000 positions in open interest indicating new short selling by traders.

NCDEX Pepper Tips

Pepper NOV  ended up for the third day on strong spot demand against the weak arrival. The NCDEXPepper November ended the day at Rs 43500, up Rs 225 or 0.52% from the last close.

Pepper arrivals were steady at 200 quintals and off takes increased to 300 quintals from 250 quintals. Black Pepper for ready delivery in Kochi, closed Friday's trading session on positive note with MG-1 at Rs 41,900, up by Rs 100 and Un-Garbled pepper at Rs 40,400, up by Rs 100 per 100 kg.

India's total production of pepper during the year 2012 was estimated at 43,000 tonnes against 48,000 tonnes in 2011. India's crop dipped due to old vines, static acreage, low replanting and high labor cost. Besides, unfavorable weather conditions in 2011-12 affected the production. There are reports the next year crop will be slightly better around 50,000 tonnes as crop condition in Idukki in Kerala and Karnataka are likely to be better. The crop is expected to come after mid December only.

Pepper gained 3% in the last three sessions to Rs 43600 level on strong domestic demand. The counter ended the day at Rs 43500, up Rs 225 or 0.52% from last close and the open interest added 4.23% to 5,137 tonnes, indicating fresh buying.

NCDEX Pepper news

Pepper futures ended the up for the second day on strong spot demand against the weak arrivals. The NCDEX Pepper November ended the day at Rs 43265, up Rs 410 or 0.96% from the last close.


Pepper arrivals dipped to 200 quintals in Kochi from 300 quintals over the last day while offtakes spurted to 250 quintals from 150 quintals on last day. Black Pepper for ready delivery in Kochi mandi closed with gains with MG-1 at Rs 41,800 and Un-Garbled pepper at Rs 40,300 per 100 kg, up Rs 200 per quintal respectively.


India's total production of pepper during the year 2012 was estimated at 43,000 tonnes against 48,000 tonnes in 2011. India's crop dipped due to old vines, static acreage, low replanting and high labor cost. Besides, unfavorable weather conditions in 2011-12 affected the production. There are reports the next year crop will be slightly better around 50,000 tonnes as crop condition in Idukki in Kerala and Karnataka are likely to be better. The crop is expected to come after mid December only.


Indian pepper prices dropped 3.45% from recent high to Rs 42450 level in the last four days, due to weak export and lack of offtakes from major importers. The counter touched high of Rs 43400 and ended the day at Rs 43265, up Rs 410 or 0.96% from last close. The open interest dipped 2.22% to 4,924 tonnes, indicating short covering.

NCDEX News

NCDEX News :-

The rainfall in central Brazil continues in the form of hit or miss scattered showers. The rainfall in Mato Grosso started out quite good during the third week of September, but it has not been as good for the last few weeks. There has been enough rain in many parts of Mato Grosso to start planting, but other areas remain too dry especially in eastern Mato Grosso. The farmers in other areas of central Brazil such as the states of Goias, Tocantins, and Bahia are still waiting for enough rainfall to start planting their 2012/13 crops.

Farmers in southern Brazil have had the opposite problem especially in Rio Grande do Sul where heavy rainfall over the last several weeks has led to planting delays and a deterioration of the wheat crop in the state.

Brazil soybeans - In Mato Grosso, approximately 18-20% of the crop has been planted, which is about 5% slower than last year. NCDEX Soybean planting in Mato Grosso started out ahead of last year's pace, but it has since slowed down. In Parana, approximately 25% of the soybeans have been planted compared to 30% planted last year. In Rio Grande do Sul there have not been any soybeans planted as yet and normally 3% would have been planted by this date.

Brazil corn - The three main full-season corn producing states in Brazil are Minas Gerais, Parana, and Rio Grande do Sul and these three states are expected to produce approximately 54% of Brazil's total full-season corn crop. The corn crop in Parana is approximately 70% planted and in Rio Grande do Sul, it is approximately 50% planted. Collectively, corn planting in Brazil is running slightly behind the average pace.

NCDEX Commodity updates

Speculators buying might persist in coriander futures from the lower levels on the heels of anticipation of fragile coriander production in the current year coupled with poor arrivals in the major mandies. The NCDEX futures recovered almost 4%from the lower levels in the last trading.
Sources suggested that higher prices of chana and wheat might divert the coriander sowing area in major producing states such as Rajasthan and Gujarat. This might reduce the overall production of coriander crop in the current year.
The total daily arrivals of coriander reduced to 1500 and 1700 bags at Kota and Ramganj mandi. This was mainly due to strong supplies of wheat in these mandies. While the spot prices were trading in the range of Rs 3600-3800 per quintal at major mandies, up almost Rs 100 per quintal from the last day .
Consequently, the NCDEX October futures settled at Rs 4121 per quintal with the gain of Rs 138 per quintal in the last trading. The NCDEX contract decreased almost 400 positions in open interest indicating short covering by traders at lower levels. Technically, the NCDEX futures are likely to witness some supports at around Rs 3860-3900 per quintal while resistances are likely at Rs 4250-430 per quintal in the near term.