Daily agri report by epic research 20 aug 2014

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DAILY AGRI COMMODITY REPORT
20th AUGUST 2014
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DAILY WRAP UP
MONTH OPEN HIGH LOW CLOSE % CHG OI (in Lots) VOL
DHANIYA
SEP. 11644 11791 11612 11722 +1.10 38750 23940
INTRADAY
LEVELS
SUPPORT SUPP. 1
11614
SUPP. 2
11507
PIVOT
11703
RESISTANCE
RES. 1
11810
RES. 2
11899
Dhaniya short term trend is
down, and further more
down is expected in coming
days.
MONTH OPEN HIGH LOW CLOSE
%
CHANGE
OI (in
lots)
VOL
CASTORSEED
SEP. 4164 4238 4148 4218 +1.30 18075 114300
INTRADAY
LEVELS
SUPPORT
SUPP. 1
4236
SUPP. 2
4187
PIVOT
4270
RESISTANCE
RES. 1
4319
RES. 2
4353
Castorseed Short term trend is
down. Price expected to go
down in coming days
.
SOYABEAN
OCT. 3440 3488 3372 3421 -0.58 73740 84080
INTRADAY
LEVELS
SUPPORT
SUPP. 1
3366
SUPP. 2
3311
PIVOT
3427
RESISTANCE
RES. 1
3482
RES. 2
3543
Soyabean price is in down
trend and may continue in
upcoming days.
GUARGUM
OCT. 16490 17060 16490 17000 +3.60 12316 12346
INTRADAY
LEVELS
SUPPORT
SUPP. 1
16640
SUPP. 2
16280
PIVOT
16850
RESISTANCE
RES. 1
17210
RES. 2
17420
Guargum Short term trend is
up, Expecting price may go
up in coming days.

NCDEX INDICES
FUNDAMENTAL AND MANDI REPORT
Index Value Pre. Close
Castorseed 4218 4164
Chana 2980 2909
Coriander 11722 11595
Cotton Seed Oilcake 1826 1801
Guarseed 5840 5630
Jeera 11345 11195
Mustard seed 3421 3399
SoyBean 3421 3441
Sugar M Grade 3085 3088
Turmeric 6634 6544
% Change
1.3
2.44
1.1
1.39
3.73
1.34
0.65
-0.58
-0.10
1.38
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
SHANKAR KAPAS 31-12-2014 946.00 -20.50 -2.12%
SOYABEAN 20-10-2014 3421.00 -20.00 -0.58%
TOP GAINERS
SYMBOL
EXPIRY
DATE
CURRENT
PRICE
CHANGE
CHANG
E %
CHANA 20-08-2014 2954.00 72.00 2.50%
JEERA 20-08-2014 11365.00 220.00 1.97%
CASTOR SEED NEW 20-08-2014 4173.00 53.00 1.29%
COTTON SEED OIL CAKE
AKOLA
20-08-2014 1785.00 22.00 1.25%
GUR 19-09-2014 1151.00 9.50 0.83%

COMMODITIES IN NEWS
CHANA
Chana prices closed higher 0.91 per cent on Monday at the National Commodity & De-
rivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the com-
modity on account of the good demand in the market. At the NCDEX, Chana futures for
August 2014 contract closed at Rs. 2,892 per quintal, up by 0.91 per cent, after opening
at Rs. 2,874 against the previous closing price of Rs. 2,866. It touched the intra-day high
of Rs. 2,892.Moreover, the restricted arrivals of the commodity in the physical market
due to lower estimated output also influenced the Chana prices. India is the largest pro-
ducer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8
million tones and contributes around 70 per cent of the total world production.
CORIANDER
Cardamom futures for September 2014 contract were trading at Rs 958.10 per kg, up by
0.25 per cent, after opening at Rs. 956 against the previous closing price of Rs. 955.70. It
touched the intra-day high of Rs. 961 till the trading. (At 10.30 AM today).Sentiment
improved further as a result of firm demand in the market against restricted arrivals
from producing belts of Chandausi in Uttar Pradesh. Kerala (70 per cent), Karnataka (20
per cent) and Tamil Nadu (10 per cent) are the cardamom growing states in India while
about 90 per cent of the produce is consumed within the nation. The important markets
for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum
and Pattiveeran Patti in Kerala.
CARDAMOM
Coriander prices rose by 0.97 per cent on Tuesday at the National Commodity & Deriva-
tives Exchange Limited (NCDEX) as a result of the limited stocks on account of re-
stricted arrivals from the major growing belts. At the NCDEX, coriander futures for Au-
gust 2014 contract was trading at Rs. 11,548 per quintal, up by 0.97 per cent after open-
ing at Rs. 11,499 against the previous closing price of Rs. 11,437. It touched the intra-
day high of Rs. 11,548 till the trading. (At 11.20 AM today). Sentiment improved further
as the investors enlarged their holdings tracking the surge in the demand for the com-
modity. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterra-
nean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandina-
vian cuisine.
ECONOMIC NEWS
The death toll in floods that have hit parts of Uttar Pradesh,
Bihar, Assam and Uttarakhand has been put at 100, although
that's seen as conservative, while more than 20 lakh people
may still be marooned. Nearly 50,000 have been rescued, ac-
cording to estimates. The number of people who have died
could rise once rescue operations are completed. National
Disaster Response Force relief teams in the flood-hit states are
moving people to safer areas, A cloud burst in Uttarakhand
left a massive swathe of destruction, washing away homes
and schools, besides leaving villages and farms submerged af-
ter flash floods. Areas in Uttar Pradesh, Bihar and Assam
were inundated as rivers overflowed after Nepal was forced to
open dam gates upstream.
At least 50 people are estimated to have died in Uttarakhand.
Officials in neighboring Uttar Pradesh state reported 34
deaths while nine are said to have died in Bihar. Farmers are
trying to cope with the situation where possible. "It's a chal-
lenging situation with 120 villages hit by the floods. We esti-
mate over 25,000 hectares largely under paddy to be im-
pacted. Sugarcane crop is unlikely to see any major loss," said
Amrit Lal Meena, agriculture secretary, Bihar. Farmers in
these villages could sow short-duration paddy or opt for early
rabi sowing of maize, pulses --masur, chana--and oilseeds
such as mustard, he said.

FUNDAMENTAL AND MANDI REPORT
CASTORSEED
National Market Report
Castor seed market continued to reel under pressure due to higher cov-
erage area, lower demand and sluggish trading activities. Market re-
mained closed due to continuous holidays last week and it’s impact re-
mains visible in cash and futures market .Short term outlook remains
bearish and nearby futures contact may test 4100 soon. However, buy-
ers may start buying at lower level and it would be supportive for the
market August onward.
higher than last year (4.89 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
International Update
FoB quote for castor oil at Kandla has increased from $1430 to $1440 for
export in last three days. Price has
increased almost $10 per tonne today despite lower quotes for seed. Buy-
ers like China,EU and Japan may enter in to the
market in second half of August for bulk buying.
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
increased slightly by $2 to $108 per tonne today.
Price of castor oil in Rotterdam too has decreased from $1755to $1705
STOCK POSITION AT NCDEX WAREHOUSES
Commodity/center 19-Aug-14 16-Aug-14 Change
Rajasthan 3800 4000 -200
Gujrat 3925 4100 -175
Sumerpur 3900 3950 -50
MARKET 19-Aug-14 16-Aug-14 Change
SUMERPUR 80 80 UNCH
JODHPUR 240 400 -160
RAJKOT CLOSED CLOSED -
GONDAL CLOSED CLOSED -
DEESA NR 1600 -

COMMODITY NAME LOCATION PRICE
Bajra Jaipur 1230
Barley Jaipur 1478.35
Castor Seed Disa 4221.65
Castor Seed 1 MT Disa 4221.65
Chana Bikaner 2880
Chana Delhi 2977.2
Chana Indore 2979.75
Chana 1 MT Delhi 2977.2
Chilli Guntur 7375
Chilli Teja Khammam 10353.85
Copper Cathode Mumbai 415.4
Coriander Kota 11055.55
COMMODITY NAME LOCATION PRICE
Ref Soya Oil Nagpur 659
Ref Soya Oil Indore 646.6
Ref Soya Oil Mumbai 640.5
Soy Bean Kota 3871.2
Soy Bean Indore 3879
Soy Bean Nagpur 3978
Sugar M Grade Kolhapur 3084.5
Sugar M Grade Kanpur 3300
Sugar M Grade Erode 3173
Sugar M Grade Muzaffar Nagar 3291
Sugar M Grade Delhi 3302.5
Wheat New Indore 1610
Wheat New Bareilly 1567.5
Wheat New Kanpur 1535
SPOT QUOTES

RECOMMENDATIONS
SELL BELOW 11685 TGT 11655 -11605 SL 11732
BUY ABOVE 11820 TGT 11850-11900 SL 11770
SELL BELOW 16900TGT 16850 -16750 SL 16990
BUY ABOVE 17060 TGT 17110 –17210 SL 17070
SELL BELOW 4205 TGT 4175-4125 SL 4255
BUY ABOVE 4245 TGT 4275 -4325 SL 4205
SELL BELOW 3360 TGT 3330-3280 SL 3410
BUY ABOVE 3435 TGT 3465-3515 SL 3385
DHANIYA (SEP.) GUARGUM (OCT.)
SOYABEAN (OCT.)CASTORSEED (SEP.)

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Daily agri report by epic research 20 aug 2014

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Daily agri report by epic research 20 aug 2014