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1. DAILY AGRI COMMODITY REPORT 10 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
12437
12438
12125
12176
-1.48
20820
INTRADAY LEVELS
SUPPORT
SUPP.1
12055
SUPP. 2
11933
PIVOT
12246
Dhaniya shortterm trend is up , further more upsideis expected in comimg days.
RESISTANCE
RES. 1
12368
RES. 2
12559
CASTORSEED
DEC
4789
4836
4700
4815
+0.06
140960
INTRADAY LEVELS
SUPPORT
SUPP. 1
4762
SUPP. 2
4709
PIVOT
4799
Castorseed short term trend is up,Prices expected to go up in coming days.
RESISTANCE
RES. 1
4852
RES. 2
4889
TURMERIC
DEC
6320
6496
6264
6430
+2.19
2630
INTRADAY LEVELS
SUPPORT
SUPP. 1
6297
SUPP. 2
6165
PIVOT
6397
Turmeric shortterm trend is up and may continue in coming days.
RESISTANCE
RES. 1
6529
RES. 2
6629
GUARGUM
DEC
14660
14920
14610
14780
+1.16
5627
INTRADAY LEVELS
SUPPORT
SUPP. 1
14620
SUPP. 2
14460
PIVOT
14770
Guargum Short term trend is downExpecting price may go downin coming days.
RESISTANCE
RES. 1
14930
RES. 2
15080

3. Most Active Contract
3
TOP GAINERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
JEERA
19-12-2014
11795
450.00
+3.97
TURMERIC
19-12-2014
6430
138.00
+2.19
MUSTARD SEED
19-12-2014
3800
51.00
+1.36
SOYABEAN
19-12-2014
3326
32.00
+0.97
BARELY
19-12-2014
1621
7.5.00
+0.46
CHANA
19-12-2014
3166
10.00
+0.32
TOP LOSERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
CORIENDER
19-12-2014
12176
183.00
-1.48
REFINED SOY OIL
20-11-2014
587.15
0.70
-0.12%
COTTON SEED OIL CAKE AKOLA
19-12-2014
1367.00
1.00
-0.07%
NCDEX INDICES
Index
Value
Pre. Close
% Change
CASTORSEED
4815
4812
0.06
CHANA
3166
3156
0.33
CORIANDER
12176
12359
-1.48
GUARGUM
14780
14610
+1.16
JEERA
11795
11345
+3.97
MUSTARD SEED
3800
3749
+1.36
SOYABEAN
3326
3294
+0.97
TURMERIC
6430
6292
+2.19

4. Commodities In News
4
ECONOMIC NEWS
FoodandAgricultureOrganization's(FAO)monthlyfoodpriceindexwasstableinOctober,assugarandvegetableoilpricesrosetooffsetdeclinesindairyandmeatprices.TheFoodPriceIndexdippedto192.3,technically,itsseventhconsecutivemonthlydecline,butamarginal0.2percentdropfromtherevisedSeptemberfigure."Theongoingslightdeclineintheindexis"verygoodforfoodimportingcountries,"FAOsenioreconomistConcepciónCalpesaidinaninterview.TheshiftscomeasFAOraiseditsforecastforarecordglobalwheatoutputthisgrowingseason.Dairypricesfellby1.9percent,asbutterandmilkpowderpricesdippedduetoincreasedoutputinEurope,wheremanyproducersaregrapplingwithRussia'sbanoncheeseimports.Thesub-indexfordairyproductsdroppedto184.3,down3.5pointsfromSeptember,and66.8points,or26.6percentdownfromOctober2013.TheCerealPriceIndex,whichfellsharplyovertherecentmonthsasglobalwheatandmaizeproductionappearedsetforrecordharvests,wasbroadlystableat178.4pointsinOctoberasmaizeharvestdelaysintheUnitedStatesanddeterioratingprospectsforAustralia'swheatcropledtofirmerprices.Ricepricesdeclined,however,asnewlyharvestedsuppliescametomarket.Thecerealssub-indexisnowdown9.3percent,or18.2pointsbelowtheleveloneyearago.Thevegetableoilssub- indexroseforthefirsttimesinceMarch,clockinginat163.7pointsinOctober,up1.0percent,or1.6pointsfromSeptember.PalmoilproductionslowdownsinIndonesiaandMalaysia,combinedwitharevivalinglobalimportdemand, sustainedtheincrease.
Jeerafuturesareexpectedtotradehigher.Goodexportdemandmaycontinuetosupportprices.However,comfortablesuppliesmaycapsharpgains.JeeraNovembercontractsurgedupby3.34percentto11590onFriday(11.45am)atIndia'sNationalCommodity& DerivativeExchange(NCDEX).AreaunderjeerainGujaratwasreportedat455,000haasagainst335,200halastyearwhileabout390,000haweresowninRajasthan.Geo-politicaltensionsinSyriaandTurkeyhaveledtoasupplycrunchintheglobalmarketsraisingsupplyconcernsfromthetwomajorexportingcountries.ExportordersaredivertedtoIndia.ProductionisalsoexpectedtofallinSyriaandTurkeyduetocropfailure.ExportsofJeerabetweenApr-July2014stoodat58,000tn,up40%asagainst43,898tnbetweenApr-July2013, accordingtoSpicesBoard.AccordingtoIBIS,India’sJeeraexportshavecrossed1,00,000tonnestillFeb’14.
Corianderpricesfellby1.48percentonFridayattheNationalCommodity&DerivativesExchangeLimited(NCDEX)astheadequatestocksavailabilityinthephysicalmarketputpressureoncorianderprices.AttheNCDEX,corianderfuturesforNovember2014contractweretradingatRs.11,777perquintal,downby2.08percent, Sentimentweakenedfurtherasspeculatorsreducedtheirpositionsonthebackofsluggishdemandinthemarket.CorianderiscommoninSouthAsian,MiddleEastern,CentralAsian,Mediterranean,Indian, Tex-Mex,LatinAmerican,Portuguese,Chinese,African,andScandinavian.
Castorseedpricesroseby0.08percentonFridayattheNationalCommodity&DerivativesExchangeLimited(NCDEX)asaresultoftheriseindemandfromconsumingindustriesagainstrestrictedarrivalsindomesticmarketswhichinturnencouragedtheinvestorstoenlargetheirholdings.AttheNCDEX,Ittouchedtheintra-dayhighofRs. 4,836tillthetrading.Castorisanon-edibleoilseedcrop;basicallyacashcrop,withaverage46percentoilrecovery.

5. 5FundamentalWatch : Castor seed
CASTOR SEED ARRIVALS AT KEY SPOT MARKET
Despiteweakinnertoneinmid-Octandbettercropoutlooksupportedbyhigherareacoveragecastorseedanditsproductstradedfirmandfirmnessislikelytocontinueinthemonthof Novembertoo.However,downwardcorrectionatcurrentlevelisexpected.Shortsupplyofseedwasexpectedearlierduetolowerproductionanditmaysupportmarkettotradefirminthenearandmediumterm.ArrivalsfromnewcropstartedtricklinginmajormarketsofGujaratbutvolumeisnegligible.ThepressuremaybefeltbyDecemberendandwillcontinueuptoApril.ProductionofseedinGujaratmayslightlydecreaseinSurenderNagar,KutchandMorbithisyearduetoshortageofwaterduringvegetativestage. Someinfestationinfruitsmayimpactyieldby10percent.However, inotherregionofGujaratoverallcropconditionisaveragetogoodsofar.Tradersareoftheviewthatproductionwouldbehigherbecauseofhigherareathisyear.Theyexpect14.5lakhtonnecastorseedproductionthisyearagainst(around12lakhtonne)lastyear. Areaundercastorseedwasrecordedat10.35lakhha.on10thOct,2014against9.84lakhhacoveredinlastyear.Itis52thousandhahigherthanlastyear.AreainGujaratwasrecordedat7.33lakhhaagainst6.22lakhhalastyear.
MajorbuyerslikeChina,EUandUSmayincreasebuyinginincreasingmarket.LastweekFOBquotesinKandlahoverintherangeof$1515pertonne.DemandfromChina,EU,USandJapanislikelytocontinuewithnormalpacetillDecember.However,majorbuyersmayrestrictbuyinginJan,FebandMarchandwouldtrytoanalyseemergingscenarioforthenextmarketingseasonasusual.
CENTER
07-Nov-14
06-Nov-14
%Change
SUMERPUR
80
CLOSED
-
JODHPUR
160
160
UNCH
RAJKOT
450
536
-86
GONDAL
238
162
+76
PATAN
5560
CLOSED
-
DEESA
2046
CLOSED
-

6. Technical Outlook
6
SELL DHANIYA DEC BELOW 12120 TGTS 12090,12040 SL 12170
SELL GUARGUM DEC BELOW 14690 TGTS 14640,14500 SL 14785
SELL CASTORSEED DEC BELOW 4790 TGTS 4760,4710 SL 4830
BUY TMC DEC ABOVE 6500 TGTS 6550,6700 SL 6380

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