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1. DAILYAGRI COMMODITY REPORT
16 Feb 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
APR 7349 7376 7260 7275 -0.99 11440
INTRADAY
LEVELS
SUPPORT SUPP.1
7231
SUPP. 2
7188
PIVOT
7304
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
7347
RES. 2
7420
CASTORSEED
MAR 3920 3959 3863 3882 -1.07 44750
INTRADAY
LEVELS
SUPPORT SUPP. 1
3844
SUPP. 2
3805
PIVOT
3901
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
3940
RES. 2
3997
TURMERIC
APR 8000 8060 7918 8016 -0.30 10575
INTRADAY
LEVELS
SUPPORT SUPP. 1
7936
SUPP. 2
7856
PIVOT
7998
Turmeric short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
8078
RES. 2
8140
GUARGUM
MAR 9210 9330 8880 8960 -2.08 8356
INTRADAY
LEVELS
SUPPORT SUPP. 1
8783
SUPP. 2
8607
PIVOT
9057
Guargum Short term
trend is Down,
Expecting price may go
Down in coming days.RESISTAN
CE
RES. 1
9233
RES. 2
9507

3. Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-02-2015 14155.00 305.00 2.20%
RAPESEED-MUSTARD
SEED
20-04-2015 3345.00 32.00 0.97%
REFINED SOY OIL 20-02-2015 618.00 3.65 0.59%
COTTON SEED OIL CAKE
AKOLA
20-02-2015 1451.00 6.00 0.42%
SOYABEAN 20-02-2015 3410.00 10.00 0.29%
TURMERIC 20-04-2015 8016.00 16.00 0.20%
BARLEY 20-04-2015 1178.00 2.00 0.17%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CASTOR SEED NEW 20-02-2015 3814.00 -43.00 -1.11%
CHANA 20-02-2015 3550.00 -39.00 -1.09%
CORIANDER 20-04-2015 7275.00 -74.00 -1.01%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3882 3924 -1.07
CHANA 3619 3642 -0.63
CORIANDER 7275 7348 -0.99
GUARGUM 8960 9150 -2.08
JEERA 14260 13965 +2.11
MUSTARD SEED 3345 3311 +1.03
SOYABEAN 3392 3374 +0.53
TURMERIC 8016 8040 -0.3

4. Commodities In News
4
ECONOMIC NEWS
 As per Rabi Crops data released by Directorate of
Economics and Statistics, Ministry of Agriculture, total area
coverage as on February 13 under Rabi crops moves to 615.74
lakh hectares while last year’s sowing area was at 656.89 lakh
hectare.Wheat's sowing area is at 306.35 lakh hectares as
compared to last year’s 315.32 lakh hectares. The area under
sowing of total Coarse cereals is at 57.74 lakh hectares as
compared to last year’s 60.08 lakh hectares.The area under
sowing of Gram is at 85.91 lakh hectares this year while the
last year’s figure was 102.25 lakh hectares. Area coverage
under Total Pulses is at 145.92 lakh hectares while the last
year’s sowing area coverage was 162.21 lakh hectares.
Similarly sowing area under total oilseeds is at 80.92 lakh
hectares as compared to 90.20 lakh hectares last year. incomes
and quality food supply to consumers at affordable prices are
closely linked to supply of quality seeds with all the required
traits for substantial increase in
 India's inflation is likely to average at 5.8% in 2015-16 as
compared to an estimated 6.5% for 2014-15. CRISIL expects
RBI to deliver rate cuts in the range of 50-75 bps in the next
fiscal.In January CPI inflation rose to 5.11% from 4.28% in
December as per the new CPI series. The December figure
according to the old series was at 5%. Despite the rise in
inflation in January,We expect inflation to average at 6.5% for
this fiscal. For 2015-16, we expect inflation to average at 5.8%
supported by lower oil prices, normal monsoons, pro-active
steps by the government and better monetary and fiscal
coordination.
 Turmeric futures are likely to gain momentum in the near term due to
receding supplies in local mandies against strong demand by traders and
exporters. The NCDEX futures to test 8290-8300 levels in the near term.
weak arrivals reported in the spot markets. Fresh crop arrivals will
decline from March as crop size is seen lower. The traders are expecting
this bullish momentum is likely to continue in the coming days. Prices
have already soared by around 30% in last three weeks, hitting highs
above Rs 8300 per quintal.
 Castor seed prices have fallen 17 per cent in about six weeks due to
arrival of the new-season crop and weak demand for its derivatives from
markets abroad.The oilseed trades at Rs 3,911 a quintal in the Gujarat
spot market, from Rs 4,728 a qtl on January 1. In the futures market, the
price has dropped 23 per cent in the period. with annual estimated
production of 1.5-1.6 million tonnes. A recent estimate by the Central
Organisation for Oil Industry & Trade, the industry association,
estimated the current seed output at 1.1 mt, a wide difference from the
government’s First Advanced Estimate of 1.96 mt. “Over a month of
delayed sowing due to the proportionate delay in monsoon rain last
season is likely to hit yield this year,”.
 Spot Chana is ruling in a firm manner today amid persistent worries
over the upcoming rabi crop. Market players are reporting a sustained
pick up in ready pulses. Old stock Chana is not witnessing much
demand. The major producing belt in northern states has witnessed
decent rainfall in last few days,The area under sowing of Gram is at
83.93 lakh hectares this year while the last year's figure was 99.27 lakh
hectares- down 15.45%. Area coverage under Total Pulses is at 138.68
lakh hectares while the last year's sowing area coverage was 154.49 lakh
hectares - down 10.23%. The traders are expecting steady yields in case
rains don't cause major damage to standing crops.

5. 5
Fundamental Watch :Cotton
COTTON ARRIVALS AT KEY SPOT
MARKET
National Market Update
 World cotton production is estimated slightly higher this month by USDA at
25.99 million tonnes compared to the estimates of previous month which was
25.94 million tonnes, although it is marginally lower than the output of
previous season which was 26.22 million tonnes. The upward changes in the
estimates is primarily due to the higher production prospects in Pakistan at
2.264 million tonnes projected this month which was earlier estimated 2.221
million tonnes a month ago.Cotton exports from India could go lower than the
levels expected at the commencement of the season.USDA estimates cotton
export during the season 2014-15 to be around 0.914 (53.7 lakh bales of 170
kg each) million tones which was estimated 1.023 million tonnes in January
this year. Cotton export is apparent to see fall of 54.5% considering the export
of previous season which stood 2.015 (118 lakh bales of 170 kg each) million
tonnes.Cotton Corporation of India is likely to face steepest loss in last six
year from the cotton sales. Due to availability of massive stockpiles of cotton
in domestic market and diminishing demand from China, cotton market is
ruling all time low. CCI has procured around 6.5 million bales of cotton this
season so far at MSP. CCI could suffer the loss of around 20-25 billion rupees
(USD 322-402 million).
 Cotton export the global front would stand around 7.455 million tonnesthis
season slightly higher of 7.401 million tonnnes what was estimated previous
month. the same is still lower the actual export of cotton in previous season
which was around 8.868 million tonnes. The cause of the upward changes in
the monthly estimates is higher export expected from USA .United States
cotton export is likely to be marginally higher this season compared to the
previous season, said USDA. USA is expected to export 2.33 million tonnes of
cotton this year compared to the 2.29 million tonnes previous year. Although
in previous month estimates the country was expected to export 2.177million
tonnes during season 2014-15, but the expectation of slight increase in the
china cotton import has lifted the USA export projections simultaneously.
CENTER 13-Feb-15 12-Feb-15 Change
AMRAVATI 11700 11200 +500
MAHESANA 25000 35000 -10000
RAJKOT 2700 3250 -550
PATAN 7716 7360 +356
DEESA 850 725 +125
BHIWANI 800 800 UNCH
GONDAL 1714 1401 +313

6. Technical Outlook
6
SELL DHANIYA APR BELOW 7250 TGTS 7220,7170 SL 7300 SELL GUARGUM MAR BELOW 8880 TGTS 8830,8730 SL 8970
SELL CASTORSEED MAR BELOW 3840 TGTS 3790,3740 SL 3890 BUY TMC APR ABOVE 8060 TGTS 8110,8210 SL 7970

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