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1. DAILY AGRI COMMODITY REPORT
12 January 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 10160 10226 9960 10010 -1.53 6835
INTRADAY
LEVELS
SUPPORT SUPP. 1
9905
SUPP. 2
9799
PIVOT
10065
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
10170
RES. 2
10331
CORIANDER
APR 7830 7969 7579 7672 -2.81 5960
INTRADAY
LEVELS
SUPPORT SUPP.1
7511
SUPP. 2
7350
PIVOT
7740
Coriander short term
trend is bullish and May
continue in coming
days.RESISTAN
CE
RES. 1
7901
RES. 2
8130
GUARGUM
FEB 5910 6020 5850 6000 +1.18 18798
INTRADAY
LEVELS
SUPPORT SUPP. 1
5893
SUPP. 2
5787
PIVOT
5957
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
6063
RES. 2
6127
CASTORSEED
FEB 3680 3680 3572 3625 -1.52 177810
INTRADAY
LEVELS
SUPPORT SUPP. 1
3571
SUPP. 2
3517
PIVOT
3626
Castorseed short term
trend is bearish and
May continue in
coming day.RESISTAN
CE
RES. 1
3679
RES. 2
3634

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3557 3637 -2.20
CHANA 4875 4859 +0.33
CORIANDER 7150 7251 -1.39
GUARGUM 5920 5850 +1.20
JEERA 13600 13700 -0.73
MUSTARD
SEED
4411 4321 +2.08
SOYABEAN 3596 3630 -0.94
TURMERIC 10010 10166 -1.53
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
COTTON SEED OIL CAKE
AKOLA
20-01-2016 2011.00 -87.00 -4.15%
CORIANDER 20-01-2016 7150.00 -270.00 -3.64%
CASTOR SEED NEW 20-01-2016 3557.00 -103.00 -2.81%
JEERA 20-01-2016 13600.00 -365.00 -2.61%
BARLEY 20-01-2016 1319.00 -32.00 -2.37%
SOYABEAN 20-01-2016 3596.00 -51.00 -1.40%
TURMERIC 20-04-2016 10010.00 -56.00 -0.56%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
RAPESEED-MUSTARD
SEED
20-01-2016 4411.00 169.00 3.98%
CHANA 20-01-2016 4875.00 5.00 0.10%

4. Commodities In News
4
ECONOMIC NEWS
With the prevailing high temperature threatening to affect the wheat crop,
the government said the next 2-3 days will be crucial and it is closely
monitoring the situation.As per the Agriculture Ministry's data, the sowing
of wheat -- the main rabi (winter) crop -- has been lagging so far due to
lack of soil moisture following two consecutive drought years.Sowing of
wheat and other rabi crpos begins from October and harvest starts from
April."Unfortunately, there were unseasonal rains and untimely rains in the
last 2-3 seasons. Now, we are facing higher than normal temperature.
There is no need to panic. We hope in the next 2-3 days, the temperature
will come down," Agriculture Secretary Siraj Hussain told reporters
here.Sating that the next 2-3 days are going to be crucial for rabi crops, he
said, "If weather conditions of longer term forecast given by Pune-based
IMD comes true, it will be fine. We are watching the situation very
closely.""The current temperature is above the average normal level.
However, we are not in a situation at present to assess the loss of
production right now. The technical advisories suggest that there is no
adverse impact so far on rabi wheat crop," he said.Noting that the
government fully realises the enormous challenge that climate change
poses to the farm sector, Hussain said that officials of the Agriculture
Ministry as well as Karnal-based Directorate of Wheat Research are closely
monitoring the crop condition.The ministry is sending advisories via SMS
and advertisements, while on the other side the Indian Council of
Agricultural Research (ICAR) assessing the impact of climate change on
production and productivity, he added.Agriculture Minister Radha Mohan
Singh said the ICAR has released drought and flood-resistant seed varieties
to cope with the challenges of climate change.Wheat sowing is trailing by
over seven per cent but the the area may improve as planting will continue
till January 15, he added.Last week, a senior Agriculture Ministry official
had said that wheat production in India, the world's second- largest
producer, is likely to fall below 90 million tonnes (MT) for the second year
in a row in 2015-16 due to an unusually dry and warm winter.Wheat
sowing is lagging behind due to high temperature and this will impact
wheat production by at least 5 per cent, the official had said.
Mustard Seed settled up on short covering after prices dropped on
weak demand in export market. There is subdued demand from retail
buyers as prices have increased. Mustard oil consumption has fallen
over the past two to three months by almost 60% as prices increased to
120 -130 per liter.However, good sowing progress subdued demand for
meal exports and record mustard oil imports also putting pressure on
prices. There is a worry in the industry about the rabi crop as the winter
chill, which is required for the mustard crop, is still missing. Area
coverage of RM seed this year is lower by 3.5 lakh ha compared to
corresponding period of Rabi 2014-15 as per latest government data
release. Mustard is planted on 60.8 lakh hectare. In Rajasthan, 23.7 lh
has been sown as on Dec 17, compared to 24.34 lh sown last year same
time. On the export front, the shipment of rapeseed meal exports
plunge y/y by more than 61.4 per cent until Nov to 2.95 lt.Rapeseed
meal exports from India slumped 87% on year to 16,855 tons in
December on weak demand from South Korea and Thailand, data
released from Solvent Extractors Association of India (SEA) showed.
According to latest USDA report, Global rapeseed production is
projected at 67.5 mt, up 0.5 mt compared to last month’s forecast.
Canada rapeseed production is raised 1.7 mt to 17.2 mt.
Soybean futures (Feb) is will probably fall further & test 3700-3650
levels. The sentiments attached to this counter on the domestic as well
as in the international markets are bearish owing to contracting Chinese
economy. Furthermore, on CBOT, U.S soybeans are under pressure on
expectations of bumper South American production. It is reported that
soybean harvesting has started in Brazil's top two growing states Mato
Grosso and Parana. At home, the major crushing giants are refraining
themselves from aggressive buying and crushing in Madhya Pradesh,
Maharashtra and Rajasthan. The crushing units in these states are
running at much lower crushing capacity (below 30%) while some are
closed due to unviable crushing.

5. 5
Fundamental Watch : Cotton
COTTON PRICES AT KEY SPOT MARKETNational Market Update
India exported 2.79 lakh bales of cotton last week (28 Dec-03 Jan 2016),
which was 3.59 lakh bales previous to last week (21 Dec-27 Dec 2015),
according to the data released by IBIS. Imports on the other hand stood 0.062
lakh bales last week, which was 0.067 lakh bales previous to last week.
Textile mills in Madhya Pradesh are suffering with high cost of production
which is increased by around 10-15% this year and which has reduced their
profit margins, ultimately their share in global market by making them less
competitive. Also the prices of cotton are rising due to the lagging supplies,
which too affected the mills purchasing power and then the production
capacity.
According to the latest estimates of Cotton Association of India (CAI),
cotton output in India would be around 362 lakh bales (of 170 Kg each) in
2015-16, around 5.7% lower when compared to 382.75 lakh bales in 2014-15.
Total supply would be around 454.65 (including opening stock, production
and imports) and domestic consumption (mill and non mill) would be around
318 lakh bales.
South Indian cotton mills in country have terminated the purchase of cotton
from Gujarat due to the quality issues being reported in the produce.
According to the SIMA (South Indian Mills Association), cotton supplies from
Gujarat during December this year are not the up to the mark of the quality
standards, although it was good during October and November. Following the
reason, the purchase from Gujarat has been fallen down by 60-70 in the
current month.
CENTER 11-Jan-15 09-Jan-15 Change
RAJKOT 4885 4890 -5
BHIWANI NA 4900 -
ADAMPUR 4740 4790 -50
AHMEDABAD 4800 4800 UNCH
GONDAL 4965 4975 -10
GUNTUR NA NA -
RAICHUR NA 4800 -

6. Technical Outlook
6
BUY CORIANDER APR ABOVE 7680 TARGET 7725 7875 SL
BELOW 7615
SELL GUARGUM FEB BELOW 5940 TARGET 5890 5820 SL
ABOVE 6000
BUY TURMERIC APRIL ABOVE 10045 TARGET 10089 10149 SL
BELOW 9985
SELL CASTORSEED FEB BELOW 3607 TARGET 3582 3552 SL
ABOVE 3632

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