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1. DAILY AGRI COMMODITY REPORT 21 OCTOBER 2014
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2. Market Views
2
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
DHANIYA
NOV
12065
12116
11912
11929
-1.69
14270
INTRADAY LEVELS
SUPPORT
SUPP.1
12145
SUPP. 2
12081
PIVOT
12208
Dhaniya shortterm trend is down, further more downsideis expected in comimg days.
RESISTANCE
RES. 1
12198
RES. 2
12262
CASTORSEED
NOV
4410
4525
4368
4492
+1.35
143520
INTRADAY LEVELS
SUPPORT
SUPP. 1
4386
SUPP. 2
4341
PIVOT
4418
Castorseed short term trend is up,Prices expected to go up in coming days.
RESISTANCE
RES. 1
4463
RES. 2
4495
TURMERIC
NOV
6032
6100
5984
6054
+0.23
3345
INTRADAY LEVELS
SUPPORT
SUPP. 1
5967
SUPP. 2
5895
PIVOT
6083
Turmeric price is in up trend and may continue in coming days.
RESISTANCE
RES. 1
6155
RES. 2
6271
GUARGUM
NOV
15700
15840
15550
15810
+0.19
5323
INTRADAY LEVELS
SUPPORT
SUPP. 1
15667
SUPP. 2
15553
PIVOT
15823
Guargum Short term trend is downExpecting price may go downin coming days.
RESISTANCE
RES. 1
15937
RES. 2
16093

3. Most Active Contract
3
TOP GAINERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
CASTOR SEED NEW
20-11-2014
4492.00
59.00
1.33%
JEERA
20-11-2014
10975.00
40.00
0.37%
TOP LOSERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
COTTON SEED OIL CAKE AKOLA
19-12-2014
1341.00
-34.00
-2.47%
TURMERIC
20-11-2014
6054.00
-122.00
-1.98%
CORIANDER
20-11-2014
11929.00
-235.00
-1.93%
SOYABEAN
20-11-2014
3000.00
-42.00
-1.38%
REFINED SOY OIL
20-11-2014
574.00
-6.85
-1.18%
CHANA
20-11-2014
2873.00
-27.00
-0.93%
BARLEY
20-11-2014
1578.00
-11.00
-0.69%
GUR
20-11-2014
961.50
-4.50
-0.47%
NCDEX INDICES
Index
Value
Pre. Close
% Change
CASTORSEED
4492
4432
+1.35
CHANA
2873
2886
-0.45
CORIANDER
11929
12134
-1.69
SUGAR
2794
2783
+0.40
JEERA
10975
10960
+0.14
MUSTARD SEED
3648
3654
-0.16
SOYABEAN
3000
3069
-2.25
TURMERIC
6054
6040
+0.23

4. Commodities In News
4
ECONOMIC NEWS
Thecountry'soverallriceproductionisunlikelytoslipbelowthelevelof100milliontonnesthisyeardespitesomeimpactonthekharifcropinfewstatesduetorainsfollowing'Hudhud'cyclone,atopgovernmentofficialsaid. Riceproductionstoodatarecord106.54milliontonnesinthe2013-14cropyear(July-June).Thegovernmentisaimingtoachieve106milliontonnesthisyear.Currently, thekharif(summer)riceisreadyforharvest."Overallriceproductionwilldefinitelybebelowlastyear'slevelbutitshouldnotfallbelow100milliontonnes,"AgricultureSecretaryAshishBahugunatoldPTI.Thekharifricecontributesmorethan80percentofthetotalriceproduction.Thegovernmenthasprojectedlowerkharifoutputof88.02milliontonnesforthisyeartakingintoaccountthedeficientmonsoonrains.Nowthatthekharifcropisreadyforharvest,therecentcyclone'Hudhud'hasaffectedthecropnotonlyinAndhraPradeshbutalsoinotherstates,resultinginpossiblefurtherdropinoverallriceproduction.Askedaboutimpactofcycloneonkharifricecrop,Rainfallduetocycloneinsomeplaceswillboostprospectsoflatesowncrop,whileinsomeplacesitwilldamagethecrop."However,weareyettomaketheassessment.Weexpectwewillmakeupfromimprovedyields,"hesaid,TheUSDepartmentofAgriculture(USDA) hasalsopeggedIndia'sriceproductionthisyeartobeat100milliontonnes,whichincludes87milliontonnesofkharifriceand13milliontonnesofrabirice."Continueddeficientrainsand'normal'cyclonesineasterncoastduringOctober/Novembercouldfurtheraffecttheharvestofkharifriceandplantingprospectsfortheupcomingrabirice,"theUSDAhadsaidinitslatestreport.
Chanapricesfellby0.45%toRs2873perquintalinfuturestradetodayasspeculatorsoffloadedtheirpositionsamidadequatestocksfollowinghighersuppliesfromproducingregionsinthespotmarkets.ChanapricesfordeliveryinNovemberfell0.45%,toRs2,873perquintalwithanopeninterestof105230lots.Similarly,thecommodityfordeliveryinNovembertradedlowerby0.45%,toRs2,873perquintalin1,08,480lots.Itisassumeoffloadingofpositionsbyspeculators, triggeredbyincreasedsuppliesfromproducingregionsinthephysicalmarketagainstsubdueddemand,keptpressureonChanapricesinfuturestrade.
SellingintensifiedinmustardseedfuturesontheaccountofnewSoyabeansuppliesinlocalmandiesalongwithanticipationofstrongmustardseedsowingduringtherabiseason.TheNCDEXfuturesdeclinedby0.16percenttoday.Themarketsourcesstatedthatfresharrivalsofaround2.80-3lakhbagsofSoyabeanhavebeenreportedinthemajorproducingstatessuchasMadhyaPradeshandMaharashtra. ThesourcesaddedthatnewsuppliesofSoyabeanarelikelytogainmomentumintheneartermduetofreshsuppliesfromotherproducingstatessuchasRajasthan.Thus,strongsuppliesofnewSoyabeanwillmaintainbearishtrendamongalltheoilseedsincludingmustardseed.
Corianderpricesfellby1.69percentonMondayattheNCDEXastheadequatestocksavailabilityinthephysicalmarketputpressureoncorianderprices.AttheNCDEX,corianderfuturesforNovember2014contractweretradingatRs.11,929perquintal,downby1.69percent, afteropeningatRs.12065againstthepreviousclosingpriceofRs. 12,134.Ittouchedtheintra-daylowofRs.11,912tillthetrading. Sentimentweakenedfurtherasspeculatorsreducedtheirpositionsonthebackofsluggishdemandinthemarket.

5. 5
FundamentalWatch : Chana
CHANA ARRIVALS AT KEY SPOT MARKETNational & International Market Updates
Pulsesmarketnoticedrange-boundtoweakmovement.DomesticcashmarketswitnessedthintradingactivitiesonDiwalifestivities.AtJNPT,2containersofChanadall,6containersofChana,5containersofgreenpeas, 13containersofyellowpeaand100containersofturwholearrivedOct.20,2014.DelhiStateFoodandSuppliesDepartmenthasimposedthepulsesstocklimitof2000quintalsforwholesalersand50quintalsforretailers.Indianfarmersmaysowhighermasoorareaonrelativelybetterreturnsfromothercrops.AtJNPT,168containersoftur,16containersofmasoor,13containersofgreenpea,39containersofChanaarrivedonOct.17,2014.TheexemptionofstocklimitonimportedpulsesextendedtillSeptember30,2015TheexemptionofCustomsDutyonimportedpulsesextendedtillDecember31st,2014forGarbanzosandtillMarch31st,2015forotherPulses.AccordingtoMinistryofAgriculture,around102.34lakhhectareofareahasbeensownunderpulses(Kharif)thisyearasonOctober10,around6.17%lowerthanthepreviousyear,whenitwas109.08lakhhectaresduringthesameperiod.Forthecountryasawhole,cumulativerainfallduringthisyear’smonsoonhastillSeptember30,2014hasbeen12%belowtheLongPeriodAverage(LPA).Theactualrainfallrecordedat777.5mmagainstthe886.9mmofnormalrainfall.
MyanmarLaunchPulsesFutureTradingonTrial-Myanmarlookstodevelopafuturemarketforpulsestoallowsbuyersandsellerstolockinapriceandreducetheriskofpricefluctuations.ThemerchantsatBayinnaungmarketinYangon,thecountry'slargestcommoditiesexchangecentre,beganaone-monthtrialforfuturestradesOctober9.Thereareanumberofrulesinplace,suchasrequirementforbuyerstomakea10percentpaymentupfrontandsellerstoprovide10pcofthegoodsonthedaythefuturescontractissold,withtherestofthepaymentandgoodscomingonthedeliveryday-TheMyanmarTimes.
CENTER
20-Oct-14
18-Oct-14
%Change
DELHI
35
35
UNCH
AMRAVATI
400
1500
-1100
AKOLA
300
300
UNCH
INDORE
600
800
-200
VIJAYWADA
NA
1000
-
KOTA
400
400
UNCH
ALWAR
500
500
UNCH

6. Technical Outlook
6
SELL DHANIYA NOV BELOW 11900 TGTS 11870,11820 SL 11950
BUY GUARGUM NOV ABOVE 15850 TGTS 15900,16000 SL 15740
SELL CASTORSEED NOV BELOW 4480 TGTS 4450,4400 SL 4530
SELL TMC NOV BELOW 6040 TGTS 5990,5900 SL 6110

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