Fundamental factors & price drivers-chilies

Discussion in 'Softs' started by jack2k1, Oct 13, 2011.

  1. jack2k1

    jack2k1 Member

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    FUNDAMENTAL FACTORS & PRICE DRIVERS- CHILIES
     Todays spot arrivals are around 35,000 to 40,000 bags and the price quoted for NCDEX quality
    is around Rs.8000 85000 Per Qtl.
     Export demand from Pakistan receded little and is expected to resume in the next month.
     Total stock position around Guntur is around 20 lakh bags. New crop comes to market only after
    three months.
     Chilli farmers around Guntur are worried about recent dry spells around Guntur.

    Margin only 5% on LTP

    oct previous close is 8732
    nov previous close is 8576
    dec previous close is 8254
     
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