This daily commodity report provides information on price movements and trading levels for various agricultural commodities. Key points include: - Turmeric, coriander, and guargum prices declined over the past month while castorseed prices increased. - Jeera futures declined as traders assessed rainfall levels and thin spot market activity. - The monsoon is weakening but rains in key states are boosting crop planting. - Cotton sowing in India is 19.95% higher than last year and 54.31% complete in Gujarat. - US cotton planting is 94% complete, slightly below the five year average of 100%.

1. DAILY AGRI COMMODITY REPORT
01 July 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
JULY 7100 7116 6960 7004 -1.21 8310
INTRADAY
LEVELS
SUPPORT SUPP. 1
6937
SUPP. 2
6871
PIVOT
7027
Turmeric short term
trend is down and May
continue in coming
days.RESISTAN
CE
RES. 1
7093
RES. 2
7183
CORIANDER
JULY 11910 12019 11732 11785 -1.46 27160
INTRADAY
LEVELS
SUPPORT SUPP.1
11672
SUPP. 2
11558
PIVOT
11845
Coriander short term
trend is down and May
continue in coming
days.RESISTAN
CE
RES. 1
11959
RES. 2
12132
GUARGUM
JULY 10750 10750 10440 10440 -3.96 3983
INTRADAY
LEVELS
SUPPORT SUPP. 1
10337
SUPP. 2
10233
PIVOT
10543
Guargum short term
trend is up and May
continue in coming
days.RESISTAN
CE
RES. 1
10647
RES. 2
10853
CASTORSEED
JULY 4057 4057 3975 3991 -165 56450
INTRADAY
LEVELS
SUPPORT SUPP. 1
3958
SUPP. 2
3926
PIVOT
4008
Castorseed short term
trend is up and May
continue in coming
day.RESISTAN
CE
RES. 1
4040
RES. 2
4090

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4058 3980 -1.92
CHANA 4205 4173 -0.76
CORIANDER 11960 11744 -1.81
GUARGUM 10870 10440 -3.96
JEERA 16475 15905 -3.46
MUSTARD
SEED
4234 4206 -0.66
SOYABEAN 3591 3562 -0.81
TURMERIC 7090 7000 -1.27
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-07-2015 15940.00 -500.00 -3.04%
TURMERIC 20-07-2015 7008.00 -100.00 -1.41%
CASTOR SEED NEW 20-07-2015 4002.00 -56.00 -1.38%
CHANA 20-07-2015 4153.00 -56.00 -1.33%
SOYABEAN 20-08-2015 3563.00 -38.00 -1.06%
COTTON SEED OIL CAKE
AKOLA
20-07-2015 1792.00 -19.00 -1.05%
RAPESEED-MUSTARD
SEED
20-07-2015 4210.00 -33.00 -0.78%
BARLEY 20-07-2015 1218.50 -6.50 -0.53%
REFINED SOY OIL 20-08-2015 582.40 -2.50 -0.43%
CORIANDER 20-07-2015 11898.00 -12.00 -0.10%
JEERA 20-07-2015 15940.00 -500.00 -3.04%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %

4. Commodities In News
4
ECONOMIC NEWS
 The monsoon is weakening, but crop planting is likely to gather pace as
the fertile areas of Uttar Pradesh, Bihar and West Bengal are among the
few patches where it rained in the last two days. In eastern Uttar Pradesh
monsoon rains on Monday was 177% above normal, giving the much
needed moisture that will help farmers complete nursery sowing of long
duration varieties of paddy and transplant them in some places. "Rains in
the past few days has covered the delay in arrival of monsoon across East
Uttar Pradesh, Bihar, West Bengal and even some eastern states," said KK
Singh, head of agromet services at India Meteorological Department
(IMD). "This will definitely boost planting of paddy, followed by maize,
pulses and oilseeds," he said. Monsoon was weak in these areas for most of
June. In eastern UP, the seasonal deficit was still 22% despite Monday's
impressive rains. Singh said that farmers were advised to undertake land
preparation for transplanting of rice and transplant 20-25 days old rice
nursery in East Uttar Pradesh, Bihar, West Bengal and Jharkhand. Also,
farmers were going ahead with planting of nursery of kharif onion, tomato,
brinjal, lady finger, chilli and cauliflower, The weather office said that a
low pressure area over East Uttar Pradesh and adjoining north Madhya
Pradesh persists, which would give heavy rains at few places in eastern
states and Madhya Pradesh over the next 24 hours. Coastal Karnataka and
Kerala too are expected to receive heavy rains. From July 2, heavy rainfall
is also forecast over Bihar where the rainfall deficit is 24% till date at 118.3
mm rainfall. In west Bengal, rainfall is 1% above normal at 233.1 mm.
Agriculture officials in eastern states said farmers had time to do
transplanting of paddy from nurseries to fields.
 Government can later recover this money by selling sugar seized by it
from mills, he added.Participating in the discussion on farmer suicides and
payment of dues to cane farmers in the Assembly, he said, the government
should immediately release money as cane growers are in no position to
wait any more. He expressed fears about the possible crisis that might
emerge as about 600 lakh metric tonnes of cane would be ready for
crushing by September compared to 400 lakh MT last year. Stating that
government would take responsibility of cane dues repayment for 2013-14
 Jeera futures plummeted today as traders assessed the quantum of
rainfall in Gujaratover last week and thin moves in ready spot markets
capped the gains for the commodity.The sentiments in agri
commodities space continue to be dominated by Kharif harvest and
afurther drop has emerged today in Guar. Chana also moderated a bit
after recent gains astraders eyed the Kharif pulses sowing. A latest
update from the Indian Meteorological Department (IMD) is
forecasting lessthan normal precipitation over the next two months,
creating worries over the Kharifharvest as these months are considered
to be critical for the sown crops. Strong gainsemerged in soybeans as
lack of rains in next few weeks could undone a good start to thesowing
and keep a tab on the output of the primary Kharif oilseed. However,
the acreage under major kharif crops is seemingly displaying a
goodperformance and not major crop losses have been reported so far.
Traders took thisopportunity to cut their exposure in Jeera after
benchmark Jeera futures for August soarednear Rs 17000 per quintal
last week. The counter has dropped from these levels and
enduredheavy losses today. The counter quotes at Rs 16060 per quintal
right now, down 2.52% onthe day. The export quotes for Jeera are
steady around $3.7 per kg over last few weeks andthe volumes have
been thin.
 The Indian Sugar Mills Association (ISMA) has noted in a press
update that the local sugar farmers would continue to be in a distress
unless there is an increase in the domestic sugar prices. ISMA pointed
that the sugar industry is facing a massive crisis and mills have been
burdened due to losses piled up over the years. The arrears have surged
more than 21000 crores this season and a number of mills would not be
able to open up following lack of working capital. ISMA also fears that
sugarcane crop could be standing in the field in such a scenario with no
takers. The total sugar stock in the country is still about 40 lakh tonnes
and the current sugar prices about Rs 8-9 below the production cost.
ISMA has noted that the sugar mills would not be able to start the
2015-16 sugar crushing season in case the prices stya on downward
trajectory.

5. 5
Fundamental Watch : cotton
COTTON ARRIVALS AT KEY SPOT
MARKET
National Market Update
 Around 54.31% of the cotton sowing has been completed in Gujarat,
according to State Agriculture Department. Area sown under cotton as on 29
June 2015 stood 14.80 lakh hectares in Gujarat against the total normal area of
27.26 lakh hectares. Around 34.87 lakh hectares of cotton has been sown so
far throughout the country, as on 26 June this year, which is around 19.95%
higher when compared to the sowing progress of last season during the
corresponding period which was 29.07 lakh hectares, according to Ministry of
Agriculture. India exported 0.439 lakh bales of cotton last week (15-21 June
2015), which was 0.449 lakh bales previous to last week (08-14 June 2015),
Imports on the other hand stood 0.297 lakh bales last week, which was 0.259
lakh bales previous to last week. According to Investment Information and
Credit Rating Agency of India (ICRA), cotton prices in year 2016 is likely to
remain range bound despite the expectation of fall in production by 10-15%.
ICRA in its report said that in the last four year (CY 2011-12 to 2014-15), the
global cotton prices and trade were majorly driven by government policies in
various producing and consuming countries, despite the increasing supply and
negligible growth in demand. Cotton Corporation of India (CCI) has sold
around 15 lakh bales of cotton so far from the stock of 87 lakh bales which it
procured during the current season under the procurement operation, said
Indian Cotton Federation (ICF).
Around 94% of cotton planting has been completed in USA as on June 21
this year, which was 91% last week and 99% last year on same date, according
to USDA. The five year average sowing progress is 100% as on date, slightly
higher than the current sowing pace. In the month of May, China imported
163,000 tons of cotton, around 14.8 percent lower when compared to the
imports during the same month in 2014.China cotton imports has fallen
drastically this year after the country announced that it would restrict low-
tariff quotas to 894,000 tons, the amount agreed with World Trade
Organisation. World cotton production estimates for the season 2015-16 has
been upwardly revised by USDA.
CENTER 30-June-15 29-June-15 Change
AMRAVATI NA NA -
MAHESANA NA NA -
RAJKOT 620 NR -
PATAN NA NA -
DEESA NA NA -
BHIWANI NA NA -
GONDAL 321 368 -42

6. Technical Outlook
6
BUY CORIANDER JULY ABOVE 11824 TARGET 11849 11889 SL
BELOW 11794
SELL GUARGUM JULY BELOW 10420 TARGET 10370 10300 SL
ABOVE 10480
SELL TURMERIC JULY BELOW 6978 TARGET 6938 6878 SL
ABOVE 7038
BUY CASTORSEED JULYABOVE 4010 TARGET 4035 4065 SL
BELOW 3980

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