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DAILY AGRI COMMODITY REPORT
05 SEPTEMBER 2014
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DAILY WRAP UP
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
OI (in Lots)
VOL
DHANIYA
OCT
11681
11770
11661
11745
+0.16
35820
10380
INTRA- DAY LEVELS
SUPPORT
SUPP.1
11947
SUPP.2
11886
PIVOT
11994
Dhaniya long term trend is down, and furthermore down is expected in com- ing days.
RESIS- TANCE
RES.1
12055
RES.2
12102
MONTH
OPEN
HIGH
LOW
CLOSE
% CHANGE
OI (in lots)
VOL
CASTORSEED
OCT
4065
4065
4018
4043
-0.54
141200
40420
INTRA- DAY LEVELS
SUP- PORT
SUPP. 1
4070
SUPP. 2
4045
PIVOT
4095
Castorseed Short term trend is down. Price expected to go down in coming days.
RESIS- TANCE
RES. 1
4120
RES. 2
4145
TURMERIC
OCT
6530
6530
6452
6454
-1.19
6895
5100
INTRA- DAY LEVELS
SUPPORT
SUPP.1
6593
SUPP.2
6573
PIVOT
6629
Turmeric price is in down trend and may continue in upcoming days.
RESIS- TANCE
RES.1
6649
RES.2
6685
GUARGUM
OCT
16780
16990
161000
16990
+3.98
9903
18313
INTRA- DAY LEVELS
SUP- PORT
SUPP. 1
16403
SUPP. 2
15817
PIVOT
16697
Guargum Short term trend is up, Expecting price may go up coming days.
RESIS- TANCE
RES. 1
17283
RES. 2
17577

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NCDEX INDICES
FUNDAMENTAL AND MANDI REPORT
Index
Value
Pre. Close
% Change
CASTORSEED
4096
4119
-0.56
CHANA
2813
2882
-2.39
CORIANDER
12009
11990
0.16
COTTON SEED
1435
1440
-0.35
JEERA
11040
11035
0.05
MUSTARD SEED
3603
3607
-0.11
SOYABEAN
3226
3256
-0.92
TURMERIC
6612
6666
-0.81
TOP LOSERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
CHANA
19-09-2014
2751.00
-76.00
-2.69%
TURMERIC
19-09-2014
6454.00
-78.00
-1.19%
SOYABEAN
20-10-2014
3226.00
-30.00
-0.92%
LIGHT SWEET CRUDE OIL
19-09-2014
5771.00
-35.00
-0.60%
CASTOR SEED NEW
19-09-2014
4043.00
-22.00
-0.54%
TOP GAINERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
BARLEY
19-09-2014
1521.00
12.50
0.83%
REFINED SOY OIL
19-09-2014
609.40
4.65
0.77%
GUR
19-09-2014
1124.00
4.50
0.40%
CORIANDER
19-09-2014
11745.00
42.00
0.36%
JEERA
19-09-2014
10940.00
5.00
0.05%

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COMMODITIES IN NEWS
ECONOMIC NEWS In a bid to link all the major mandis in India, the NCDEX Spot Exchange is planning to form a national Agricultural Produce Marketing Committee (APMC) which will be a unified elec- tronic platform. National e-APMCs will enable a farmer or a trader to trade in any of the linked mandis through an elec- tronic platform provided by the NCDEX spot exchange. NCDEX Spot exchange is a subsidiary of the NCDEX and In- dia's only e-spot market. It has already implemented this in Karnataka where it unified 35 APMCs, or mandis electroni- cally. Gujarat, Haryana and Maharashtra are also the benefici- aries of this e-venture. States like Telangana, Andhra Pradesh and Tamil Nadu has expressed their interest in this programme. Economic Survey, issued in July: “State APMC laws are a major hurdle to modernization of the food economy. They have artificially created cartels of buyers who possess market power. The Essential Commodities Act, 1955, an ena- bling Act which gives powers of intervention to state govern- ments, is incompatible with an integrated competitive national market for food.” The amendments to the APMC act is a major development that led to the idea of a nation wide spot market. The survey also said: “Parliament has the power to legislate a national market under the Constitution, which gives it the ability to legislate the freedom to buy and sell, for farmers and traders, across state lines .
Geopolitical tensions are driving India tea exports to despair as the ongoing political crisis in Ukraine, Pakistan and the Middle East resulted in reduced orders from buy- ers. The global buyers are maintaining a restrained attitude over building up stock. India's total shipment of tea stood at 225.76 million kg in 2013-14.The rallies and protests which has been going on against the ruling party in Pakistan for two months a has turned violent last weekend. The political chaos prevalent in Pakistan has dampened India tea exports to that country. India exported around 19.92 mil- lion kg of tea last year but traders are of the view that in fiscal 2015 the figure will not cross 20 million kg.
Maize futures ended lower at NCDEX. Higher global supplies and weak off takes from the local buyers pushed Maize prices down by 1.2% to settle at Rs1099 levels. Sentiment weakened further as a result of a decline in the demand for the commod- ity from bio-fuel making industries tracking the weak global markets. Maize Sep- tember contract is likely to trade on a bearish trend. India Corn(Maize) export sce- nario is drawing a bleak picture as overseas buyers prefer the much cheaper Corn from US and South America. A drop in export is likely for the year 2014-15. The sowing of the crop also has been hit by a delayed Monsoon. Compared to South American Corn Indian corn is expensive by around $40 per tonne .
Castorseed prices fell by0.54 per cent on Thursday at the National Commodity & Derivatives Exchange Limited as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, after opening at Rs. 4,065 against the previous closing price of Rs. 4,065.It touched the intra-day low of Rs. 4,018 till the trading. Castor oil, extracted from castor seed is the largest vegetable oil exported out of India. India is the biggest exporter of castor oil holding

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FUNDAMENTAL AND MANDI REPORT
Castor seed
National Market Report Castor seed and its products continued to reel under pressure due to offloading of seed by stockiest and release of stock in futures contact on bearish outlook. Pres- sure started building up with increasing coverage area that has reached now at 7.81 lakh ha. The normal area coverage for the whole year is 10.37 lakh ha.. However this year area is likely to increase by 10 percent under normal condi- tion. Seed price should stabilize near Rs 3850-3900 per qtl. in the weeks ahead.? Area coverage till 30th August has been registered at 7.98 lakh ha., higher than last year (5.90 lakh ha.) till date. Normal area for whole kharif season is 10.37 lakh ha. Area under castor seed is likely to increase at least by 9 to 10 percent from 9.83 to 10.54 lakh ha. in 2014-15. Almost 70 percent of normal area has been covered so far .
Castor seed x-mandi price in Gujarat has declined from Rs 42000 per tonne to Rs 41500 per tonne on Monday. Market is expected to face short supply of seed in Nov. Out of 15.8 lakh tonne seed available for crushing almost 9.2 lakh tonne seed has been crushed so far. Around 3 lakh tonne seed is available with big play- ers who would prefer releasing seed in parts or may retain it for three –four months from now. Govt has released fourth adv. Estimate of food grains for 2013- 14 on 14, August, 2014. The govt. has estimated 16.89 lakh tonne production this year against the target of 15.81 lakh tonne. Govt. Production target for 2014-15 has been set at 16.65 lakh tonne .
International Update Demand for castor meal continues from EU, USA and China. However, recent dip has slowed down fresh deal for the same.
As buyers remain inactive FOB price is bound to stay steady in the third week of August. Export quote for meal decreased slightly by $1 to $107 per tonne today.? However, price of castor oil in Rotterdam too has decreased from $1729 to $1720 per metric tonne during last one week. Buyers like EU, USA and China remain sidelined
MARKET
20-Aug-14
19-Aug-14
MADHYA PRADESH
22000
20000
MAHARASTRA
3000
8000
STOCK POSITION AT NCDEX WAREHOUSES
CENTER
04-Sep-14
03-Sep-14
%Change
SUMERPUR
NA
32
-
JODHPUR
160
160
UNCH
RAJKOT
265
225
40
GONDAL
319
112
207
PATAN
3510
3500
10
DEESA
NR
285
-
KADI
280
360
20

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COMMODITY NAME
LOCATION
PRICE
Tim
Jaipur
1250
Barley
Jaipur
1506.5
Castor Seed
Disa
4089.6
Castor Seed 1 MT
Disa
4089.6
Chana
Bikaner
2740
Chana
Delhi
2909.7
Chana
Indore
2868.75
Chana 1 MT
Delhi
2909.7
Chilli
Guntur
7407.7
Chilli Teja
Khammam
10364.25
Coriander
Kota
11347.2
Cotton Seed Oilcake
Kadi
1758.35
COMMODITY NAME
LOCATION
PRICE
Gur
Muzaffar Nagar
1129.2
Jeera
Unjha
11018.75
Maize - Feed/Industrial Grade
Gulabbagh
1126.5
Maize - Feed/Industrial Grade
Nizamabad
1334
Maize - Feed/Industrial Grade
Delhi
1220
Mustardseed
Jaipur
3691.15
Mustardseed
Alwar
3693.7
Pepper
Kochi
71281.8
Polyvinyl Chloride
Mumbai
72932.4
RBD Palm Olein
Kakinada
503.45
RBD Palmolein
Kandla
491
Ref Soya Oil
Nagpur
622.2
SPOT QUOTES

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RECOMMENDATIONS
BUY DHANIYA (OCT) ABOVE 12040 TGT 12070-12120 SL 11990
BUY GUARGUM (OCT ) ABOVE 17170 TGT 17220-17320 SL 17080
SELL CASTORSEED (OCT) BELOW 4165 TGT 4035-3985 SL 4105
SELL TERMERIC (OCT) BELOW 6600 TGT 6550-6450 SL 6690
DHANIYA (OCT.)
GUARGUM (OCT.)
TURMERIC(OCT.)
CASTORSEED (OCT.)

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