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1. DAILY AGRI COMMODITY REPORT 19 SEPTEMBER 2014
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2. Daily Wrap Up
2
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
DHANIYA
OCT
11740
11842
11651
11651
-1.30
20060
INTRADAY LEVELS
SUPPORT
SUPP.1
11587
SUPP. 2
11524
PIVOT
11715
Dhaniya shortterm trend is down, further more downsideis expected in comimg days.
RESISTANCE
RES. 1
11778
RES. 2
11906
CASTORSEED
OCT
4190
4295
4173
4266
+1.57
168700
INTRADAY LEVELS
SUPPORT
SUPP. 1
4195
SUPP. 2
4123
PIVOT
4245
Castorseed short term trend is up,Prices expected to go up in coming days.
RESISTANCE
RES. 1
4316
RES. 2
4367
TURMERIC
OCT
6048
6070
5924
5936
-1.79
10440
INTRADAY LEVELS
SUPPORT
SUPP. 1
5883
SUPP. 2
5831
PIVOT
5977
Turmeric price is in down trend and may continue in coming days.
RESISTANCE
RES. 1
6029
RES. 2
6123
GUARGUM
OCT
16150
16400
16070
16320
+0.55
4916
INTRADAY LEVELS
SUPPORT
SUPP. 1
16127
SUPP. 2
15933
PIVOT
16263
Guargum Short term trend is upExpecting price may go upin coming days.
RESISTANCE
RES. 1
16457
RES. 2
16593

3. Movers and Shakers
3
TOP LOSERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
TURMERIC
20-11-2014
5990.00
-136.00
-2.22%
SOYABEAN
20-10-2014
3225.00
-39.00
-1.19%
BARLEY
20-11-2014
1620.00
-19.50
-1.19%
CORIANDER
19-09-2014
11590.00
-121.00
-1.03%
JEERA
20-11-2014
10885.00
-85.00
-0.77%
GUR
19-09-2014
1124.00
-5.50
-0.49%
TOP GAINERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
CASTOR SEED NEW
19-09-2014
4262.00
90.00
2.16%
COTTON SEED OIL CAKE AKOLA
19-09-2014
1695.00
16.00
0.95%
RAPESEED-MUSTARD SEED
20-11-2014
3688.00
16.00
0.44%
CHANA
19-09-2014
2807.00
4.00
0.14%
NCDEX INDICES
Index
Value
Pre. Close
% Change
CASTORSEED
4266
4200
1.57
CHANA
2852
2843
0.32
CORIANDER
11651
11805
-1.30
COTTON SEED
1390
1398
-0.57
JEERA
10750
10875
-1.15
MUSTARD SEED
3659
3634
0.69
SOYABEAN
3225
3264
-1.19
TURMERIC
5936
6044
-1.79

4. Commodities In News
4
ECONOMIC NEWS
SluggishdomesticandoverseasdemandcoupledwithhugecarryoverstocksaredraggingdownJeeraprices..AreaunderjeerainGujaratwasreportedat455,000haasagainst335,200halastyearwhileabout390,000haweresowninRajasthan.Geo-politicaltensionsinSyriaandTurkeyhaveledtoasupplycrunchintheglobalmarketsraisingsupplyconcernsfromthetwomajorexportingcountries.ExportordersaredivertedtoIndia.ProductionisalsoexpectedtofallinSyriaandTurkeyduetocropfailure.HighersowinginTelanganaandhugecarryoverstocksareexertingpressureonTurmericprices.TurmericOctobercontractdipped1.03%to5982onThursdayatIndia'sNationalCommodity&DerivativeExchange.SowingofTurmericinAndhraPradeshforthe2014-15seasonisreportedat0.12lakhha,asagainst0.1lakhhalastyearandanormalsowingof0.13lakhha.TheareainTelanganastoodat0.446lakhhaagainst0.43lakhhalastyear. Productionin2013-14isreportedaround40lakhbags,downby10-15%.ExportsbetweenApr-Dec2013stoodat58,000tn, higherthan49,526tninApr-Dec2012.
InabidtocontaintheimpactofdeficientmonsoonontheRabicrops,Indiagovernmenthasurgedthestatestofocusontheareathatwasleftunsownduetoweakmonsoon.Thegovernmenthassetarabiproductiontargetof94milliontonnes(MT)forwheatthisyear.Thetargetforricehasbeenkeptat14MT,pulsesat12.5MTandoilseedsat11MT.Thegovernmentrecommendedregionspecificcropplanning, moistureconservation,timelysowingandmicro-irrigation.Todealwiththesituationarisingoutofweakmonsoon/deficientrainfall,acropcontingencyplanhasbeenlaidoutfor565districtsofthecountry.
India'ssummer-sownriceoutputislikelytocrossthepreviousyear'slevelduetoapickupinmonsoonrains,raisingprospectsforhigheroverseassalesin2015bytheworld'sbiggestexporterofthegrain, RobustexportsfromIndiacouldkeepalidonglobalpricesthathavesurged12percentinthepastthreemonthsandhelpcutbulgingIndiangovernmentstockpilesbuiltasaresultofbumperharvestsoverthepastseveralyears.InJune,monsoonrainswere43percentlowerthanthe50-yearaverage,raisingconcernsaboutoutputofthericecropthatguzzlesalotofwater.Butrainspickedupinthepastfewweeks,narrowingtherainfalldeficitto11percent.Overallriceproductionwilldefinitelybehigherthanlastyearbutitisalittleearlytoquantifybyhowmuch,Farmersharvestedarecord106.54milliontonnesofriceinthe2013/14cropyear, includinganoutputof91.69milliontonnesfromthesummer-sowncrop.Buoyedbyattractivepricesintheexportmarket,farmershaveplantedmoreareaswitharomaticbasmatirice,asitneedslesswaterandismoresturdy,Indiaandexclusivelygrowthepremiumlong- grain,aromaticbasmatiinthefoothillsoftheHimalayas.
Sugarpricesdriftedby0.49%toRs2,854perquintalinfuturestradetodayasspeculatorsengagedinoffloadingpositionsamidstsluggishdemandfrombulkconsumersinthespotmarket.Adequatestocksinthespotmarketsfollowinghighersuppliesfrommillersalsoputpressureonthesweetnerprices.AttheNationalCommodityandDerivativesExchange,sugarfordeliveryinOctoberdeclinedbyRs14,or0.49%toRs2,854perquintalwithanopeninterestof5,630lots.Similarly,thesweetenerfordeliveryinfar-monthDecembertradedlowerbyRs5,or0.18%toRs2,832perquintalin6,090lots.

5. 5
Fundamental And Mandi Report :Coastorseed
STOCK POSITION AT NCDEXWAREHOUSES National Market Update
CashcastormarketcouldnotsustainatpreviousleveldespitesmartgainsinfuturescontractonWednesday.PricesinmajormarketsdeclinedintherangeofRS20toRs65.AsSeptcuttingisduemarketmayruleloweronnexttradingsession.CroplossinGujaratmayremainsupportiveforthecashmarketintheweeksahead.Marketparticipantsaysthatlossbeintherangeof30percentandfarmersintheseareamayprefertosowmustardseed.However,resowingopportunityisstillthere.Marketparticipantneedhaveacloseeyeonit.Almost90percentareaundercastorseedhasbeencoveredsofar.Ason5thsept,areawasrecordedat9.27lakhha.against7.55lakhhalastyeartillcorrespondingperiod.Overallareasofarisaround1.7lakhha.higherthanlastyearinseptfirstweek.SowingofcastorseediscontinuesinGujaratandAndhraPradeshandsomepartsofRajasthan.Castorseedx-mandipriceinGujarathasdeclinedfromRs40900pertonnetoRs40500pertonneatprevioustradingsession.Freshbuyingatthislevelisexpectedanditmaysupportpricetosomeextent. Despitedeclineinprices,itisstillhigherfromthepriceprevalentinSept, 2013,almost17.82percentlowerthancurrentprice.CastormealFORisbeingquotedatRs6200pertonne,moderatelylower(Rs6250pertonne) thanpreviousweek. International Market Report
MajorbuyersofmealincludesSouthKorea,Taiwan,Japan,FranceandChina.Theycollectivelybrought22001tonnecastormealinAugustatanaverageFobpriceof$107pertonne.InAugusttotalmealexportdeclinedby28.80percentincomparisontoAugustlastyear.AsbuyersremaininactiveFOBpriceisboundtostaysteadyinthethirdweekofAugust.Exportquoteformealdecreasedslightlyby$1to$107pertonnetoday.However,priceofcastoroilinRotterdamtoohasdecreasedfrom$1729to$1720permetrictonneduringlastoneweek.BuyerslikeEU,USAandChinaremainsidelined.
CENTER
18-Sep-14
17-Sep-14
%Change
SUMERPUR
NA
48
-
JODHPUR
160
160
UNCH
RAJKOT
560
320
240
GONDAL
367
434
-67
PATAN
1695
2470
-775
DEESA
560
920
-360
KADI
280
480
-200

6. SPOT QUOTES
6
COMMODITY NAME
LOCATION
PRICE
Cotton Seed Oilcake
Kadi
1714.6
Crude Palm Oil
Kandla
470.35
Guar Gum
Jodhpur
15886
Guar Seed 10 MT
Jodhpur
5683.35
Guarseed
Jodhpur
5683.35
Guarseed
Bikaner
5600
Gur
Muzaffar Nagar
1116.05
Jeera
Unjha
10825
Maize -Feed/Industrial Grade
Gulabbagh
1126
Maize -Feed/Industrial Grade
Nizamabad
1264.45
Maize -Feed/Industrial Grade
Davengere
1320
Maize -Feed/Industrial Grade
Karimnagar
1308
COMMODITY NAME
LOCATION
PRICE
Bajra
Jaipur
1227.5
Barley
Jaipur
1549.4
Castor Seed
Disa
4134.65
Castor Seed 1 MT
Disa
4134.65
Chana
Bikaner
2780
Chana
Delhi
2941.4
Chana
Indore
2865
Chana 1 MT
Delhi
2941.4
Chilli
Guntur
7423
Chilli Teja
Khammam
10300
Coriander
Kota
11298.2
Cotton
Kadi
18333.8
Cotton Seed (Industrial Grade)
Akola
2132
Cotton Seed Oilcake
Akola
1709.35

7. Recommendations
7
SELL DHANIYA OCT BELOW 11650 TGTS 11620,11570 SL 11690
BUY GUARGUM OCT ABOVE 16400 TGTS 16450,16550 SL 16310
BUY CASTORSEED OCT ABOVE 4300 TGTS 4330,4380 SL 4250
SELL TMC OCT BELOW 5920 TGTS 5870,5770 SL 6010

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