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1. DAILY AGRI COMMODITY REPORT 05 NOVEMBER 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
12270
12323
12116
12184
-1.23
8160
INTRADAY LEVELS
SUPPORT
SUPP.1
12092
SUPP. 2
12001
PIVOT
12208
Dhaniya shortterm trend is up , further more upsideis expected in comimg days.
RESISTANCE
RES. 1
12299
RES. 2
12415
CASTORSEED
DEC
4940
4950
4810
4899
-1.21
118090
INTRADAY LEVELS
SUPPORT
SUPP. 1
4823
SUPP. 2
4746
PIVOT
4886
Castorseed short term trend is up,Prices expected to go up in coming days.
RESISTANCE
RES. 1
4963
RES. 2
5026
TURMERIC
DEC
6246
6298
6200
6214
-0.48
1465
INTRADAY LEVELS
SUPPORT
SUPP. 1
6177
SUPP. 2
6139
PIVOT
6237
Turmeric shortterm trend is up and may continue in coming days.
RESISTANCE
RES. 1
6275
RES. 2
6335
GUARGUM
DEC
15140
15160
14720
14720
-3.98
3327
INTRADAY LEVELS
SUPPORT
SUPP. 1
14573
SUPP. 2
14427
PIVOT
14867
Guargum Short term trend is downExpecting price may go downin coming days.
RESISTANCE
RES. 1
15013
RES. 2
15307

3. Most Active Contract
3
TOP GAINERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
BARLEY
20-11-2014
1613.00
28.00
1.77%
SOYABEAN
20-11-2014
3314.00
34.00
1.04%
CHANA
20-11-2014
3167.00
31.00
0.99%
RAPESEED-MUSTARD SEED
20-11-2014
3768.00
35.00
0.94%
REFINED SOY OIL
20-11-2014
602.80
4.50
0.75%
TOP LOSERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
GUR
20-11-2014
970.50
-38.50
-3.82%
COTTON SEED OIL CAKE AKOLA
19-12-2014
1350.00
-28.00
-2.03%
TURMERIC
20-11-2014
6130.00
-110.00
-1.76%
JEERA
20-11-2014
11275.00
-175.00
-1.53%
CORIANDER
20-11-2014
11890.00
-53.00
-0.44%
NCDEX INDICES
Index
Value
Pre. Close
% Change
CASTORSEED
4801
4861
-1.23
CHANA
3167
3109
1..87
CORIANDER
11890
12029
-1.16
GUARGUM
14530
15130
-3.97
JEERA
11275
11265
0.29
MUSTARD SEED
3768
3737
0.83
SOYABEAN
3314
3289
0.76
TURMERIC
6130
6212
-1.32

4. Commodities In News
4
ECONOMIC NEWS
Highertaxesinimportingcountries,alongwithabsenceofgovernmentsupportathome,aresqueezingIndia'sbasmatiexporters,saytradeexecutives.Shipmentsofthepremiumqualityaromaticricehavealreadytakenahit."BasmatiexportstillSeptemberhavedroppedbyapproximately20percentto2.2milliontonnescomparedwiththepreviousyear,“.ExportersnowwantthegovernmenttorestoreaninterestsubventionschemediscontinuedinMarch2014tohelpthem,withsomeofthemdemandingthegovernmenttoenhanceitto5percentfromtheearlier3percent.In2013-14,Indiaexported10.5milliontonnesofrice,helpingkeepitstoppositionintheglobalmarketforthestaplegrain.Outofthis,morethan4milliontonneswerebasmati,withIranbeingthebiggestmarket."Iranhasincreasedimportdutyfrom10percentto45percent,Pakistanisofferingcompetitivepricesinglobalmarket,"saidJindal."Wearegettingverylessordersandwantgovernmenttosupportthesector."AsizablechunkofIndia'sbasmatiriceoutputisexported.Exportersusuallystorebasmatiriceforone-twoyears,aprocesscalling'ageing'toimprovethearoma.Severalofthemaresittingonsuchstocksandintheabsenceofgovernmentsupportandbecauseofhighinterestonloans,companiessaytheyaresettomakelosses.Accordingtoindustryexecutives,thecommerceministryandtheAgricultural&ProcessedFoodProductsExportDevelopmentAuthority(Apeda)haverecommendedextensionoftheinterestsubventionscheme.Thefinanceministryhastomakeafinaldecision."Exportmarginsareverylesswithhighcostofrice, interstatetaxes,electricitycostandservicetaxes.
Chanafuturestradedonapositivenoteonimproveddemandanddecliningarrivalpressure.Slowstarttotherabipulsessowingalsolentsupporttotheprices.ChanaNovembercontracttradedupby1.87%to3167levelsonMondayatIndia'sNationalCommodity&DerivativesExchangeLimited(NCDEX).TheCCEAhassetMSPfor2014-15atRs.3175/qtlfromRs.3100lastyearPriceshavedeclinedoverthelastfewmonthsonsluggishdemandinthephysicalmarketscoupledwithrecordchanaoutputin2013-14.AccordingtotheMinistryofAgriculture,sowingofrabipulsesason24thOctoberstandsat3.31lakhhaasagainst3.78lakhhalastyear.Sowingofkharifpulsesstoodat10.23mnhaasagainst10.91mnhalastyear.CCEAincreasedtheMSPofturanduradbyRs.50toRs.4,350each,whiletheMSPofmoongwasincreasedbyRs.100toRs.4,600/qtl.The4thAdvanceEstimatespeggedtotalpulsesoutputfor2013-14at19.27mntn,upfrom18.34mntnearlier.
GuargumforNovemberdeliverydeclined3.97%to14530levelsonMondayncdex.Indiaistheleadingproducerofguarseed.AccordingtoadatabyAgricultural&ProcessedFoodProductsExportDevelopmentAuthority,exportjumped12.5percentto235,066tonnesinthefirstfourmonths(April-July)ofthecurrentfinancialyear,from208,899tonnesinthesameperiodlastyear.Duetoafallinprices,however,thevalueofexportfell45percentto$533millionintheperiodoverlastyear.Guargumexportsarelikelytowitness10%declinethisyearduetodipinsowingandwaningdemandfromtopbuyerAmerica.ThedemandfromUShadraisedthepricestounprecdenetedlevelsafewyearsback.ButthedemandislikelytofallasthecountryhasfoundasubstituteforGuar.AmericausedtobuyGuargumtouseitforfrackingprocessatitsshalegaswells.Guargumwasindemandforbeingenvironment-friendlyandbiodegradable.

5. 5
FundamentalWatch : Cotton
COTTON PRICES KEY SPOT CENTERS
CottonmarketnoticedmostlyweakonMonday.NolossisexpectedincottonoutputinAndhraPradeshandGujaratduetocyclonesHudhudandNilofar,saidCottonCorporationofIndia(CCI).cottonprocurementhasbeenstartedinAndhraPradeshandTelanganaatMSPbyCCI. MaharashtraCottonStateFederationsaiditwillstartprocurementoperationfromDecember1toDecember15aslatearrivalsareexpectedinthestateduetothedelayedrains.GarmentsexportfromIndiaduringFYApril-September2014-15hasnoticedgrowthof17.6%whencomparedtopreviousFYforthesameperiod,reportedApparelExportPromotionCouncil(APEC).AmplifyinglabourcostinChina, appreciationincurrency,volatilesettlementoffactoriesinBangladeshandhigherrateofinflationhascreatedthemassiveopportunitiesforIndiainthissector.CottonCorporationofIndia(CCI)hasstartedtheprocurementofcottoninAndhraPradeshandTelanganaatMSP,asthelocalpricesinthesemarketsarebeingquotedlowerthanMSP.
Worldproductionwouldstandaround26.24milliontonnesthisyear(Aug’14-Jul’15)comparedto25.981milliontonnesayearago,saidInternationalcottonadvisorycommittee(ICAC)initslatestreport.AccordingtothelatestreportreleasedbyUSDA,asonOctober26,2014,48%ofcottoncropinUSAisinexcellenttogoodcondition,whichwas47%lastweekand44%ayearago.91%bollsopenhasreportedincottonwhichwas86%lastweekand95%asfiveyearaverage.42%ofcottonharvestingreportedwhichwas29%aweekagoand41%asa5yearaverage.Uzbekistanhasfinishedthecottonharvestcampaign.Thefarmersofthecountryhaveharvested3.4milliontonnesofcottonthisyear.Ithasbeenreportedthat90%oftheharvestedcropisofhighgrade.Chinaimportedaround122,900tonnesofcottoninSeptemberthisyear,39%lowerwhencomparedtosamemonthlastyear,reportedChinaCottonAssociation(CCA).
CENTER
03-N-ov14
01-Nov-14
CHANGE
AMRAVATI
250
225
25
RAJKOT
7550
4280
3270
PATAN
14000
NA
-
DEESA
NA
NA
-
BHIWANI
500
3000
-2500
GONDAL
4126
NA
-

6. Technical Outlook
6
SELL DHANIYA DEC BELOW 12170 TGTS 12140,12090 SL 12225
SELL GUARGUM DEC BELOW 14700 TGTS 14650,14550 SL 14790
BUY CASTORSEED DEC ABOVE 4920 TGTS 4950,5000 SL 4870
SELL TMC DEC BELOW 6180 TGTS 6130,6030 SL 6285

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