This document provides a daily commodity report with information on commodity prices, trading volumes, technical analysis and market views for various agricultural commodities. It includes closing prices and percentage changes for dhaniya, castorseed and turmeric futures contracts for the month. Support and resistance levels are provided for intraday trading along with analysis of short term trends. Other sections provide the most actively traded contracts, indices values and news around commodity markets. Contact details are listed for queries along with disclaimers.

1. DAILY AGRI COMMODITY REPORT 02 December 2014
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2. Market Views
2
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
DHANIYA
DEC
12924
13185
12841
12856
+2.05
5130
INTRADAY LEVELS
SUPPORT
SUPP.1
12736
SUPP. 2
12676
PIVOT
12960
Dhaniya shortterm trend is up , further more upsideis expected in comimg days.
RESISTANCE
RES. 1
13080
RES. 2
13192
CASTORSEED
DEC
4455
4536
4286
4418
+2.51
118120
INTRADAY LEVELS
SUPPORT
SUPP. 1
4290
SUPP. 2
4163
PIVOT
4413
Castorseed short term trend is down,Prices expected to go down in coming days.
RESISTANCE
RES. 1
4540
RES. 2
4663
TURMERIC
DEC
6390
6390
6276
6404
-1.25
2665
INTRADAY LEVELS
SUPPORT
SUPP. 1
6323
SUPP. 2
6242
PIVOT
6356
Turmeric shortterm trend is down and may continue in coming days.
RESISTANCE
RES. 1
6437
RES. 2
6470
GUARGUM
DEC
12600
13010
12350
12730
+1.34
7104
INTRADAY LEVELS
SUPPORT
SUPP. 1
12383
SUPP. 2
12036
PIVOT
12696
Guargum Short term trend isup, Expecting price may go upin coming days.
RESISTANCE
RES. 1
13043
RES. 2
13356

3. Most Active Contract
3
TOP GAINERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
CORIANDER
19-12-2014
13120.00
141.00
1.09%
BARLEY
19-12-2014
1668.00
8.00
0.48%
RAPESEED-MUSTARD SEED
19-12-2014
3894.00
3.00
0.08%
TOP LOSERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
TURMERIC
19-12-2014
6324.00
-184.00
-2.83%
CHANA
19-12-2014
3071.00
-75.00
-2.38%
GUR
19-12-2014
945.50
-15.50
-1.61%
CASTOR SEED NEW
19-12-2014
4529.00
-73.00
-1.59%
SOYABEAN
19-12-2014
3276.00
-42.00
-1.27%
REFINED SOY OIL
19-12-2014
574.15
-6.40
-1.10%
NCDEX INDICES
Index
Value
Pre. Close
% Change
CASTORSEED
4529
4418
2.51
CHANA
3071
3091
-0.65
CORIANDER
13120
12856
2.05
GUARGUM
12900
12730
1.34
JEERA
12200
12100
0.83
MUSTARD SEED
3894
3881
0.33
SOYABEAN
3276
3300
-0.73
TURMERIC
6324
6404
-1.25

4. Commodities In News
4
ECONOMICNEWS
Spicesexportsroseby9percentinthefirstsixmonthsofthisfiscalinvaluetermstoRs6,963crore.AccordingtoSpicesBoarddata,exportsstoodatRs6,364.64croreintheyear-agoperiod.Involumeterms,spicesexportsgrewby12percentto4,21,570tonnesduringApril-Septemberperiodofthisfiscalasagainst3,76,584tonnesinthecorrespondingperiodofthepreviousyear."Spicesexportshavegrownby12percentinvolumetermsand9percentinvaluetermsduringthefirstsixmonthsofthisfiscal,"SpicesBoardChairmanAJayathilaktold.Chilli,mintproducts,cumin,spiceoils& oleoresins,pepper,turmeric,coriander,currypowder/pasteandfenugreekcontributedsubstantiallytotheoverallspicesexports,headded.Chilliexportsstoodat1,61,000tonnesworthRs1,547.30croreduringtheperiod.Theexportswereupby17percentinquantityand23percentinvalue.Exportsofmintandmintproducts(mintoils,mentholandmentholcrystals)stoodat13,300tonnesworthRs1,463.25crore. Cuminexportsstoodat87,500tonnesthatearnedaforeignexchangeofRs977.5crore.JayathilaknotedthatSpicesBoardhasgotthe"NiryatBandhu"award,setupbyindustrybodyFIEO.SpicesBoardhasamandatetopromoteexportsof52spicesinanyform,includingcurrypowder,oils,oleoresinsandotherspice.wherespicecontentispredominant.Besidesexportsdevelopmentof52spices,theboardalsolooksafterproductionofcardamom(small&large)
Weaknesswasseeninchanafuturesontheaccountofstrongsuppliesofotherpulsesinlocalmandiesaccompaniedwithstockiestsellinginlocalmandeis.TheNCDEXfuturessettledinredtoday.Aspermarketsources,strongsuppliesofotherpulsessuchasturandmoonginlocalmandieshaveaddedbearishsentimentsinchanamarket.However, tradersstatedthattotalproductionislikelytodeclineby25-30percentinthecurrentyear.Thepriceswerealsopressurizedbyheavystocksinlocalmandies.Thesourcesstatedthataround25-30lakhtonnesarestillcurrentlyavailableinlocalmandies.Thishasencouragedstockiestsellingathigherlevels.TheNCDEXChanaJanuaryfuturesdown0.51percenttodaytocloseatRs3120perquintal.TheNCDEXfuturesadded20percentinopeninterestindicatingshortsellingbytraders.
Themarketsourcessuggeststhatthetotalproductionofmustardseedin2014-15islikelytodeclinebyalmost2-3percentfromthelastyeartoreach73.67percentontheaccountofpoorsowingprogressinRajasthanandGujaratinthecurrentyear.AsperthelatestsowingacreagereleasebyMinistryofAgricultureon28thNovember2014,thetotalsowingacreageofmustardseedwasreportedat58.17lakhhectares,down4.72percentfromthelastyearinthesameyear.hepriceswerealsosupportedbystrongmealexportdemand.AsperthelatestdatacompiledbySolventExtractorsAssociationofIndia,thetotalexportsofmustardmealduringApril-October2014werereportedat7.05lakhtonnesagainst5.61lakhtonnesofthelastyearinthesameseason.ThiswasmainlyduetostrongdemandfromSouthKoreaandIran.TheNCDEXfuturesadded0.51percenttodaytocloseatRs3905perquintal.TheNCDEXfuturesadded5.81percentinopeninterestindicatingfreshbuyingbytraders.

5. 5
FundamentalWatch : Cotton
COTTON ARRIVALS AT KEY SPOT MARKETS
National & International Market Update
Cottonseedarrivalshavepickedthepaceinthecountry.Approximately100,000balesofcottonseedisarrivingdailyinthemarket,saidIndianCottonFederationinitslatestreport.CottonexportsfromIndiaarelikelytofallby45%thisseasonfrommajorimportersChinaandBangladesh.Duringthecurrentseason2014-15,Indiaislikelytoexport6.5to7millionbales(of170kg.each)ofcotton,whichwas11.8millionbaleslastyear,saidCottonAdvisoryBoard(CAB).OutputofcottoninIndiaisexpectedtobearound40.55millionbalesinseason2014-15,14.22%higherthanthepreviousyear'sproductionof35.5millionbales,saidcottonassociationofIndia(CAI).Notonlyproduction,acreage,yield,consumptionandexporthavealsonoticedariseinlastpreviousyears.Acreageofcottonreported12.65millionhectares10.28%higherwhencomparedtothepreviousyear'sarea.Indiahasgreatpotentialintextileexport,whichiskeepingthemarketprospectshigherforcottoninthecountry.CottonCorporationofIndia(CCI)hasplannedtoprocuresixtylakhbalesofcottonthisseason(Oct'14-Sept'15)withtheoutlayofRs.12000crores.Around8lakhbalesofcottonhavebeenprocuredbyCCIinAndhraPradeshandTelanganasofar.AccordingtoU.S.DepartmentofAgriculture(USDA),cottonimportsbyThailandarelikelytofallin2014/15followingthedeficitincottonconsumptionbytextilecounterparts.YarnspinnersandfabricweaversinThailandarefacingtheproblemofhigherproductioncostandweakglobaleconomy.Thedrasticfallincottonpricestoafiveyearlowcouldforcethefarmersworldwidetoswitchfortheothercrops, accordingtoInternationalCottonAdvisoryCommittee(ICAC).CottonatICEforMarch2015deliveryhastouchedthelevelof58.53centsperpoundinlateNovember,whichislowestsinceSeptember2009.ThesluggishdemandfromtheChinacouldlimittheworldcottontradeto7.9milliontonnes,11%lowerthisseason2014-15,saidInternationalCottonAdvisoryCommittee(ICAC).
CENTER
01-Dec-14
28-Nov-14
Change
MEHSANA
30000
40000
-10000
RAJKOT
2800
1025
1775
PATAN
17245
16500
745
BHATINDA
49300
47600
1700
GONDAL
2485
2964
-479
DEESA
3825
2625
1200
AMRAVATI
1200
1000
200

6. Technical Outlook
6
BUY DHANIYA DEC ABOVE 13150 TGTS 13180,13230 SL 13100
BUY GUARGUM DEC ABOVE 13020 TGTS 13070,13170 SL 12930
SELL CASTORSEED DEC BELOW 4510 TGTS 4480,4430 SL 4560
SELL TMC DEC BELOW 6270 TGTS 6220,6120 SL ABOVE 6360

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