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1. DAILY AGRI COMMODITY REPORT
06 May 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
MAY 10635 10800 10528 10599 +0.65 22600
INTRADAY
LEVELS
SUPPORT SUPP.1
10444
SUPP. 2
10350
PIVOT
10622
Coriander short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
10716
RES. 2
10894
CASTORSEED
MAY 3720 3817 3719 3773 +2.00 116640
INTRADAY
LEVELS
SUPPORT SUPP. 1
3722
SUPP. 2
3672
PIVOT
3770
Castorseed short term
trend is up and may
continue in coming
days..RESISTAN
CE
RES. 1
3820
RES. 2
3878
TURMERIC
MAY 8360 8538 8310 8380 +0.70 15700
INTRADAY
LEVELS
SUPPORT SUPP. 1
8281
SUPP. 2
8181
PIVOT
8409
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
8509
RES. 2
8637
GUARGUM
MAY 12230 12270 12230 12270 +3.98 222
INTRADAY
LEVELS
SUPPORT SUPP. 1
12243
SUPP. 2
12217
PIVOT
12257
Guargum short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
12283
RES. 2
12297

3. Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CHANA 20-05-2015 4372 4204 +4.00
GUARGUM 20-05-2015 12270 11800 +3.98
SOYABEAN 20-05-2015 4232 4070 +3.98
MUSTARD SEED 20-05-2015 3960 3822 +3.61
CASTORSEED 20-05-2015 3773 3699 +2.00
COTTON SEED OIL CAKE
AKOLA
20-05-2015 1867.00 20.00 1.08%
JEERA 20-05-2015 17810 17660 +0.85
TURMERIC 20-05-2015 8380 8322 +0.70
REFINED SOY OIL 19-06-2015 598.55 2.65 0.44%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3773 3699 +2.00
CHANA 4372 4204 +4.00
CORIANDER 10538 10470 +0.65
GUARGUM 12270 11800 +3.98
JEERA 17810 17660 +0.85
MUSTARD SEED 3960 3822 +3.61
SOYABEAN 4232 4070 +3.98
TURMERIC 8380 8322 +0.70
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%

4. Commodities In News
4
ECONOMIC NEWS
 Sugar mills in India produced 273.74 lac tons of sugar in 2014-15 SS
till 30th April, 2015. This is 34.31 lac tons more than what they
produced during the same period in the last 2013-14 Sugar season,
according to the latest data by ISMA.One of the reasons for high sugar
production is that the yield per hectare has increased in the States of
Maharashtra and Uttar Pradesh. In Uttar Pradesh, the average recovery
has increased from 9.29% in 2013-14 SS to 9.54% in 2014-15 SS till
30th April, 2015.130 sugar mills out of 532 sugar mills, which started
operation this year are still working and sugar mills in the State of
Tamil Nadu and Karnataka will crush sugarcane in the latter part of the
season i.e. between July and September and they will produce
approximately 3 to 3.5 lac tons. Therefore, sugar production in the
current sugar season may be around 278 to 280 lac tons. The leading
sugar producer of the country viz. Maharashtra achieved an all-time
high record production of sugar at 103.50 lac tons till 30th April, 2015.
About 40 sugar mills are still crushing sugarcane. During 2013-14 SS,
sugar mills of Maharashtra produced 77.14 lac tons of sugar till 30th
April 2014, with 14 sugar mills in operation.Uttar Pradesh mills have
produced 70.15 lac tons of sugar upto 30th April 2015, as against 65.08
lac tons produced during the same period last season.
 The investment in agriculture grew from 7.5% of the investment in
the whole economy in 2004-05 to 7.7% in 2013-14.Within this, the
share of government investment actually declined from 6.7 to 4.7%,
while private sector share increased from 7.8 to 8.6%. Between 2004
and 2014, the central government provided over Rs 53,000 crore to
states for irrigation projects, according to a reply to a Parliament
question. But out of 297 projects, 163 were running delayed, including
some for over 20 years. So, how have the farmers been managing all
these years? They have had no other option but to turn to pumping
groundwater out through tubewells. In 1990-91, the share of tubewells
in all irrigation was 30% but this jumped to 45% in 2011-12. In 1960-
61, tubewells contributed just 1% to irrigation.
 Not much trading was seen in turmeric market as most of the major
mandies such as Erode and Warangle were remained closed for today's
trading. On the others side,the total production in the range of 50-52 lakh
bags in the current year, down 20 lakh bags from the last year in the same
period. However, in the long term, expecting further decline in the coming
days due to possibility of new supplies from other producing states. The
market traders are avoiding any long positions at current levels.The Spices
Board of India had set a target of 7.75 lakh tons of spices export for 2014-15.
Around 87% of the target was achieved till December last year as 6.58 lakh
tons of spices were exported till December 2014 against 6.10 lakh tons in the
corresponding period a year.As per the Spices Board of India data, turmeric
exports rose 8% in 2014-15. In the early nine months of the fiscal year India
exported 65,000 tons of turmeric against 60,000 tons in the corresponding
period a year ago while its target is 80,000 tons.
 Bullish trend continued in chana market as prices scaled record levels in
local mandies. The arrivals in Delhi reported at 20 trucks today as compared
to 40 trucks average in the previous week. The prices are trading at Rs 4600
per quintal, up Rs 150 per quintal from the last trading. Traders stated that
weak production in the current year will support prices in the coming
days.Import of Pulses touch record high of 4.1 million tons in 2014-15 as
adverse Monsoon last year coupled with rising demand at the lower levels
seen last year and crop damage reports from recent rains in MP and
Rajasthan resulted in lower production this year.As per 2nd Advance
Estimates for 2014-15, production of pulses estimated at 18.43 million
tonnes is lower by 1.35 million tonnes than the last year‟s production. Chana
production estimated at 8.28 million tons vs 9.53 million tons last year. Urad
production expected to shrink by 5% to 16.10 lakh tons from 17 lakh tons.
Moong production to fall to 14 lakh tons from 16.10 lakh tons.Indian farmers
have cultivated 146 lakh hectares pulse crops during the rabi season. Out of
this chana acreage is near 85 lakh hectares. Pules production is estimated to
fall to 184.3 lakh tons in 2014-15 due to less acreage. Last year 197.8 lakh
tons of pulses were produced in the country.

5. 5
Fundamental Watch : Sugar
SUGAR PRICES AT KEY SPOT MARKETNational Market Update
 The Indian Sugar Mills Association (ISMA) revisited India‟ sugar production
estimate to around 28 million tons this marketing year i.e. 2014 -15.Sugar production
rose 12.8% in Uttarakhand this season, with the state producing 3.25 lakh tons of
sugar in 2014 -15(1stOct, 2014 – 30th Apr, 2015) relative to 2.88 lakh tons in 2013 -
14 (1st Oct, 2013 – 30th Apr, 2014). With these figures, the state marked an end to the
crushing operation for this season. With a production decline of 0.68 lakh tons, Bihar
ended up the crushing operation for marketing year 2014- 15. Notably, the state
produced 5.23 lakh tons of sugar in 2014 -15 (1st Oct, 2014 – 30th Apr, 2015) as
against 5.91 lakh tons sugar in 2013 -14 (1st Oct, 2013 – 30th Apr, 2014). Crushing
operation ended in Punjab with the state producing 5.25 lakh tons of sugar in 2014 -15
(1st Oct, 2014 – 30th Apr, 2015) as against 4.69 lakh ton in 2013 -14 (1st Oct, 2013 –
30th Apr, 2014). M.P had produced 4 lakh tons of sugar in 2014 -15 (01st Oct, 2014 -
30th Apr, 2015) compared to 3.64 lakh tons of sugar last year during the
corresponding period. Around 12 sugar mills this year had participated in the crushing
operation so far compared to 10 sugar mills last year. sugar industry body ISMA,”.
Cane arrears to farmers have touched Rs 21,000 crore as sugar mills are facing
difficulty in making payments due to low sugar prices and high cost of
production.Sugar output is estimated to cross 27 million tonnes in the 2014-15
marketing year (October-September), as against 24.3 million tonnes in the previous
year. The annual domestic demand is about 24.8 million tonne. the Centre had in
August last year hiked the import duty on both raw and refined sugar to 25 per cent
from 15 per cent. In February this year, it provided a subsidy of Rs 4,000 per tonne for
the exports of 1.4 million tonnes of raw sugars.
 The U.S. Department of Agriculture, forecasted Brazilian sugarcane production to
648 million tons in 2015-16 amid surge in production area and yield per hectare. The
Preferential Quota Sugar to USA was being exported through State Trading Enterprise
(STE) subject to quantitative ceiling notified by DGFT from time to time. However,
the Government has now decided to change the export policy in respect of export of
Preferential Quota sugar to USA from „STE‟ to “Free” regime subject to quantitative
ceiling notified by DGFT from time to time.
CENTER 05-May-15 05-May-15 Change
DELHI 2700 2705 -5
DHAMPUR NA CLOSED -
MUMBAI 2772 2772 UNCH
KOLHAPUR 2475 CLOSED -
VIJAYWADA 2960 2960 UNCH
NAGPUR NA NA -
KOLKATA 2770 2760 +10

6. Technical Outlook
6
SELL CORIANDER MAY BELOW 10470 TARGET 10445 10405 SL
ABOVE 10495
SELL GUARGUM MAY BELOW 12160 TARGET 12110 12050 SL
ABOVE 12220
SELL TURMERIC MAY BELOW 8350 TARGET 8310 8250 SL
ABOVE 8410
BUY CASTORSEED MAY ABOVE 3820 TARGET 3845 3875 SL
BELOW 3795

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