1. DAILY AGRI COMMODITY REPORT
10 Apr 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
APR 9292 9578 9191 9339 +0.51 11840
INTRADAY
LEVELS
SUPPORT SUPP.1
9161
SUPP. 2
8982
PIVOT
9369
Coriander short term
trend is up, further
more upside is expected
in coming days.RESISTAN
CE
RES. 1
9548
RES. 2
9756
CASTORSEED
APR. 3644 3669 3608 3630 -0.41 32170
INTRADAY
LEVELS
SUPPORT SUPP. 1
3602
SUPP. 2
3575
PIVOT
3636
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
3663
RES. 2
3697
TURMERIC
APR 7926 8198 7908 8116 +2.42 11425
INTRADAY
LEVELS
SUPPORT SUPP. 1
7950
SUPP. 2
7784
PIVOT
8074
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
8240
RES. 2
8364
GUARGUM
APR. 9610 9950 9390 9860 +3.03 4740
INTRADAY
LEVELS
SUPPORT SUPP. 1
9517
SUPP. 2
9173
PIVOT
9733
Guargum Short term
trend is up, Expecting
price may go up in
coming days.RESISTAN
CE
RES. 1
10077
RES. 2
10293

3. Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-04-2015 16780.00 415.00 2.54%
TURMERIC 20-04-2015 8126.00 198.00 2.50%
BARLEY 20-04-2015 1149.00 9.00 0.79%
CORIANDER 20-04-2015 9350.00 58.00 0.62%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
REFINED SOY OIL 20-04-2015 599.50 -6.10 -1.01%
V 797 KAPAS 30-04-2015 833.00 -5.00 -0.60%
CASTOR SEED NEW 20-04-2015 3633.00 -19.00 -0.52%
SOYABEAN 20-04-2015 3579.00 -11.00 -0.31%
COTTON SEED OIL CAKE
AKOLA
20-04-2015 1727.00 -2.00 -0.12%
CHANA 20-04-2015 3878.00 -3.00 -0.08%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3630 3645 -0.41
CHANA 3852 3893 -1.05
CORIANDER 9339 9292 +0.85
GUARGUM 9860 9570 +3.03
JEERA 16820 16365 +2.78
MUSTARD SEED 3573 3573 -
SOYABEAN 3578 3582 -0.11
TURMERIC 8116 7924 +2.42

4. Commodities In News
4
ECONOMIC NEWS
 The coastal cargo movement of raw cotton from Gujarat to
Tamil Nadu in containers is expected to increase by 266 % in
2014-15. It would increase from 1200 containers in 2013-14 to
4400 containers in 2014-15, according to an official
statement.Earlier, the Ministry of Shipping facilitated the meeting
of stakeholders, South Indian Mills Association and the Indian
National Shipowners Association which resulted inINSA offering
freight rates which would reduce the cost of transportation up to
30%. The INSA members would also receive additional cargo
support in coastal shipping.SIMA had requested Ministry of
Shipping that foreign flag vessels should be allowed to transport
raw cotton from the west coast of India to the southern coast as it
was hoped that they would charge lower freight rates compared to
Indian shipping lines. It is estimated that around one million
tonnes of cotton moving from Gujarat/ Maharashtra to mills in
Tamil Nadu would be carried by road. Director General
(Shipping) had held consultations with SIMA and INSA with a
view to increase transportation of raw cotton by coastal shipping.
The Indian flag vessels owners had conveyed that they could
make approximately 7,500 Forty Feet containers (TEUs)
available per month, which was sufficient to carry raw cotton.The
foreign shipping lines did not show much enthusiasm in quoting
freight. Subsequently some companies did quote rates, but these
were higher than that of Indian companies. Subsequently, INSA
offered attractive freight rates and assured adequate deployment
of vessels to cater to the demands of SIMA as cotton shifted from
road to coastal shipping.This modal shift is beneficial to both
SIMA and INSA. Textile industry will benefit from lower
transport costs and Indian shipping industry will benefit from
greater business opportunities, while the country will benefit by
way of reduced fuel consumption and green economy.
 Turmeric futures rose on Thursday due to restricted supply from major
producing belts in the spot market. Worries over decline in production too are
weighing on the crop.Agriculture Department estimates put turmeric production
this year at around 3.7 million bags compared with 5.2 million bags a year ago.
At Nizamabad, arrivals have steadied at the previous level, with superior
quality turmeric quoting stronger.Demand for the commodity has been
increasing rapidly from the medicinal and cosmetic industry. Sowing of
Turmeric in AP for the 2014-15 season is reported at 0.13 lakh ha, as against
0.1 lakh ha last year.The area in Telangana stood at 0.446 lakh ha against 0.431
lakh ha last year. Exports in turmeric have increased by 10% to 43,000 tonnes
during Apr-Sep 2014 as compared to last year. The export target for the 2014-
15 is 80,000 tonnes according to Spice Board.
 The bullish momentum may continue to persist in jeera as crop loss and
lower production reports kept supporting the prices. Pickup in demand has been
noted on the export front and further down trend may be limited as arrivals
slow down. India's Jeera (cumin) exports are reaching a new high even as
prices have moved up in the local markets following unseasonal rains and
production shortage.Again, an expected 25-30% lower sowing area is already
keeping prices firm. Overall lower sowing area in Gujarat and Rajasthan and
expected fall in production would likely keep long term Bullish sentiments
intact as exports rise in mandis.
 Bullish trend continued in chana market on the account of limited supplies in
local mandies. The spot prices increased by almost Rs 400 per quintal in last
four trading days.As per 2nd Advance Estimates for 2014-15, total foodgrains
production in India is estimated at 257.07 million tons– lower by 3% w.r.t.
265.57 million tons previous year. weak production in the current year support
prices in the coming days.Production of pulses estimated at 18.43 million
tonnes is lower by 1.35 million tonnes than the last year’s production. Chana
production estimated at 8.28 million tons vs 9.53 million tons last year.In order
to keep prices for Pulses under check, the Govt has decided to extent duty-free
imports till Sept. Unseasonal rains in March brought a heavy loss to crops of
pulses.

5. 5
Fundamental Watch : Sugar
SUGAR PRICES AT KEY SPOT MARKET
National Market Update
 India sugar exports have not picked up even though government had announced
incentives. Despite Government’s assistance of Rs. 4000 per ton on raw sugar exports,
due to drop in futures price for raw sugar in the New York market, which also one of
the lowest in the last 7 years, not much sugar is getting exported, Indian Sugar Mills
Association(ISMA). Cane price arrears across the country have reached an all time
record level of Rs. 17000 crore and with the depressed ex-mill prices of Rs. 2100 to
2200 per quintal in Western & Southern States and Rs. 2300 to 2400 per quintal in
Northern States, mills are not able to generate funds to pay even FRP to the sugarcane
farmers. "The Government should come forward with some strategy to help the ailing
sugar industry; otherwise it would become difficult for the mills to survive, Sugar
production in 2014-15 sugar season till 31st March, 2015 was 247.20 lac tons, up
28.41 lac tons as compared to sugar produced during the corresponding period in
2013-14 SS,.As on 31st March, 2015, out of 530 sugar mills which were under
operation during 2014-15 SS, 138 sugar mills have shut for the season and 392 are
still working. In 2013-14 SS, 316 sugar mills and in 2012-13 SS (when total sugar
production was 263 lac tons) 231 mills were under operation on 31st March.Of the
138 closed sugar mills, 41 are in Uttar Pradesh, 36 are in Maharashtra, 26 in Andhra
Pradesh & Telangana and 10 in Karnataka.Sugar Medium grade prices gained on
bargain buying today after falling heavily over last few days. Global Raw sugar
futures tested their fresh six year low mark and hurt sentiments around the globe.
However, steady bargain buying emerged in local markets today and spot rates are
being quoted at Rs 2640 per quintal in Muzaffar Nagar today, up Rs 20 per quintal on
the day.
 Global sugar glut is about to continue. Green Pool cut by 2 million (m) tonnes its
forecast for the world production deficit next season, citing sharply improved
prospects for Brazilian production, according to media reports. The modest
performance was attributed to ideas for ample supplies of sugar which gained
momentum with a forecast from Green Pool that a period of world production surplus
stretching back to 2010-11 would end next season in a less dramatic fashion that it had
previously expected. The group cut to 2.063m tonnes raw value, from 5.023m tonnes,
its forecast for the world sugar output deficit in 2015-16.
CENTER 09-Apr-15 08-Apr-15 Change
DELHI 2770 2750 +20
DHAMPUR 2700 2700 UNCH
MUMBAI 2770 2766 +4
KOLHAPUR 2500 2475 +25
VIJAYWADA 2960 2960 UNCH
NAGPUR NA NA -
KOLKATA 2760 2760 UNCH

6. Technical Outlook
6
SELL CORIANDER APRIL BELOW 9220 TARGET 9195 9155 SL
ABOVE 9245
SELL GUARGUM MAY BELOW 9800 TARGET 9750 9690 SL
ABOVE 9860
BUY TURMERIC APRIL ABOVE 8220 TARGET 8260 8320 SL
BELOW 8160
SELL CASTORSEED MAY BELOW 3687 TARGET 3662 3632 SL
ABOVE 3712

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