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1. DAILY AGRI COMMODITY REPORT
03 November 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
NOV 8780 8800 8386 8518 -2.34 12800
INTRADAY
LEVELS
SUPPORT SUPP. 1
8336
SUPP. 2
8154
PIVOT
8568
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8750
RES. 2
8982
CORIANDER
NOV 9391 9421 9016 9016 -3.99 12850
INTRADAY
LEVELS
SUPPORT SUPP.1
8881
SUPP. 2
8746
PIVOT
9151
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
9286
RES. 2
9556
GUARGUM
NOV 8030 8120 7850 7890 -1.50 8409
INTRADAY
LEVELS
SUPPORT SUPP. 1
7787
SUPP. 2
7683
PIVOT
7953
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8057
RES. 2
8223
CASTORSEED
NOV 4270 4296 4240 4269 -0.42 57800
INTRADAY
LEVELS
SUPPORT SUPP. 1
4241
SUPP. 2
4212
PIVOT
4268
Castorseed short term
trend is bearish and
May continue in
coming day.RESISTAN
CE
RES. 1
4297
RES. 2
4324

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4269 4287 -0.42
CHANA 4852 4844 +0.17
CORIANDER 9016 9391 -3.99
GUARGUM 7890 8010 -1.50
JEERA 15385 15935 -3.45
MUSTARD
SEED
4863 4928 -1.32
SOYABEAN 3782 3836 -1.41
TURMERIC 8518 8722 -2.34
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TURMERIC 20-11-2015 8554.00 -346.00 -3.89%
CORIANDER 20-11-2015 9090.00 -355.00 -3.76%
JEERA 20-11-2015 15410.00 -600.00 -3.75%
SOYABEAN 20-11-2015 3787.00 -128.00 -3.27%
RAPESEED-MUSTARD
SEED
20-11-2015 4869.00 -94.00 -1.89%
BARLEY 20-11-2015 1453.00 -17.00 -1.16%
COTTON SEED OIL CAKE
AKOLA
18-12-2015 1651.00 -11.00 -0.66%
CASTOR SEED NEW 20-11-2015 4261.00 -21.00 -0.49%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CHANA 20-11-2015 4816.00 73.00 1.54%
REFINED SOY OIL 20-11-2015 624.35 0.50 0.08%

4. Commodities In News
4
ECONOMIC NEWS
India may have to import 10 million tonnes of pulses in the current fiscal
to plug the domestic demand-supply gap and rein in prices, an Assocham
study has found.India had imported 4.4 million tonnes of pulses in 2014-
15."Considering deficit in the rainfall for 2015-16, it is expected that the
production of pulses for the year would decrease slightly to 17 million
tonnes as against 17.2 million tonnes in 2014-15," the paper noted."Further,
with the rise in demand, it is expected that a total of 10.1 million tonnes of
pulses might have to be imported." However, given the global supply
constraints, the demand-supply gap may be difficult to fill this year."While
we are coping with a difficult situation this year, we cannot afford to
continue with it since shooting up of prices of essential food items creates
an adverse ecosystem and negative discourse. Besides, it adds to food
prices which cannot be allowed again to creep into the main inflation,"
Assocham Secretary General D S Rawat said.Maharashtra is the largest
kharif pulses producer in the country followed by Karnataka, Rajasthan,
Madhya Pradesh and Uttar Pradesh with a share of 24.9 per cent, 13.5 per
cent, 13.2 per cent, 10 per cent and 8.4 per cent, respectively.These five
states, which together account for about 70 per cent of the country's total
kharif pulse production, have witnessed weather-related issues, the paper
said."The issue of meeting the domestic demand for pulses goes beyond
facing the challenge of footing increased import bill. The efficient
distribution of available pulses across regions is going to be the biggest
challenge to the policymakers," Rawat added."Therefore, it would remain a
challenge for the central and state governments to ensure significant
improvement in the pricing situation. The inefficient supply systems,
coupled with inherent weaknesses in regional markets in India, are
expected to further contribute to problem."The chamber made a case for an
implementable action plan by the government to incentivise farmers to
cultivate more pulses by providing seeds and technical support.The major
pulse crops grown in India are gram and tur. Gram, with a production of
more than 7 million tonnes, contributes more than 41 per cent in the total
pulse output of the country.Tur's production stands at 2.7 million tonnes,
with a share of about 16 per cent.
Chana settled up supported by proposals by Agricultural Ministry to
raise MSP for Chana. Prices also seen supported on account of rising
demand in the spot market against restricted arrivals from the major
producing belts. The uptrend may be limited however as regular Govt
checks on hoarders amidst reports of various states imposing stock
limits on Pulses keep sentiments down despite good Festive season
demand.Higher crop sowing for Rabi Pulses as per latest figures 23rd
Oct at 9.83 lakh ha vs 4.75 lakh ha last year could ensure some selling
pressure. The state governments have decided to sell both the
confiscated pulses and other amounts purchased at Rs 120-140 a kg
through various retail networks, hopefully leading to further lowering
of prices in the retail markets ahead of Diwali. The central government
has claimed that retail and wholesale prices of pulses had begun falling
in about 20 cities.The sowing of chickpea has already begun in the
southern States such as Karnataka, Maharashtra, Andhra Pradesh,
Telangana and Tamil Nadu and early trends suggest that acreage under
this main pulses crop is set to make a significant gain this season.
Currently, farmers are waiting for the announcement of MSP for the
Rabi crops as sowing season is nearing.
Ref Soya oil settled down on expectation of higher supply from the
major producing belts and weak demand. Further, lower prices in
international market due to improving weather in South America also
pressurized prices. India soybean oil imports climbed 99.39% in
September after local demand of edible oils rose due to lack of
domestic crushing, data release from the Solvent Extractors Association
(SEA) of India showed. India's soyoil imports surged to 321,062 tons in
September compared to 161,016 tons for the same period a year ago,
data released by the SEA of India showed. India edible oil imports
climbed 18.81% to 1.20 million tons in Sep compared 1.01 mln tons for
the same period a year earlier, the SEA of India said. India vegetable
oil imports rose 16.34% to 1.21 million tons in Sep compared to 1.04
million tons for the same period year ago, data showed.

5. 5
Fundamental Watch : Chana
CHANA PRICES AT KEY SPOT MARKETNational Market Update
According to IBIS (provisional data), import of pulses in the week (19 Oct-
25 Oct) was around 39 Thousand tonnes at major ports in India, around 68%
lower than previous week’s (12 Oct-18 Oct) import of 123 Thousand tonnes.
Pulses were imported lower due to government decision to impose stock limit
on pulses importers.
According to the Ministry of Agriculture, area under Rabi pulses throughout
the country stood 20.65 lakh hectares as on 30th October this year, around 3%
lower when compared to the area sown during corresponding period last year
which was 21.31 lakh hectares. Despite higher domestic prices, the decrease in
area is due to lower rainfall.
In an attempt to keep the prices of pulses at reasonable rates, states continue
to apply various enforcement measures for checking hoarding of pulses and
distributing pulses at lower rates. According to reports from states, price of tur
dal for retail distribution has been fixed at Rs 140 a kg in Gujarat, Rs 120-140
in Chhattisgarh, Rs 145 in Uttarakhand, Andhra Pradesh and Telangana
providing subsidized tur dal through PDS at Rs 50 while Tamil Nadu is selling
urad and Canadian lentils at Rs 30.
In a bid to check rising prices government has imposed stock limit on pulses
held by importers, exporters, licensed food processors and large departmental
retailers which were exempted earlier. The stock limit on pulses is extended to
September, 2016.
According to the Union Nationale Interprofessionnelle des Plantes Riches en
Proteines (UNIP), French Pea exports in the month of August was 37285 MT
which is around 9% higher than the month of July that was 34130 MT. The
increase in exports is due to good demand of pea from India which imported
23,261 MT of peas in August month.
CENTER 02-Nov-15 31-Oct-15 Change
AHMEDNAGAR 4850 4850 UNCH
ALWAR NA NA -
GWALIOR NA 4800 -
JAIPUR 4900 4900 UNCH
KANPUR 5400 5225 +175
NAGPUR 4600 4600 UNCH
KEKRI 4500 4400 -100

6. Technical Outlook
6
SELL CORIANDER NOV BELOW 9000 TARGET 8975 8895 SL
ABOVE 9030
SELL GUARGUM NOV BELOW 7800 TARGET 7750 7680 SL
ABOVE 7860
SELL TURMERIC NOV BELOW 8550 TARGET 8506 8446 SL
ABOVE 8610
SELL CASTORSEED NOV BELOW 4240 TARGET 4215 4185 SL
ABOVE 4265

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