This daily commodity report provides information on price movements and trading levels for various agricultural commodities. It summarizes that turmeric, chana, jeera, castorseed, and coriander prices declined over the past month. Guargum and mustard seed prices were also bearish. Soybean prices increased slightly. The report also provides contact information for Epic Research offices and support services. It includes charts of commodity price levels and news affecting commodities like sugar, mustard seed and chana production. The technical outlook recommends selling various commodities if prices fall below specified support levels.

1. DAILY AGRI COMMODITY REPORT
23 September 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
OCT 7950 7960 7628 7628 -3.98 11290
INTRADAY
LEVELS
SUPPORT SUPP. 1
7517
SUPP. 2
7407
PIVOT
7739
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
7849
RES. 2
8071
CORIANDER
OCT 11225 11225 11065 11135 -0.69 8720
INTRADAY
LEVELS
SUPPORT SUPP.1
11058
SUPP. 2
10982
PIVOT
11142
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
11218
RES. 2
11302
GUARGUM
OCT 8230 8530 8000 8130 -1.09 17597
INTRADAY
LEVELS
SUPPORT SUPP. 1
7910
SUPP. 2
7690
PIVOT
8220
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8440
RES. 2
8750
CASTORSEED
OCT 4245 4245 4180 4187 -1.27 58050
INTRADAY
LEVELS
SUPPORT SUPP. 1
4163
SUPP. 2
4139
PIVOT
4204
Castorseed short term
trend is bearish and
May continue in
coming day.RESISTAN
CE
RES. 1
4228
RES. 2
4269

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4187 4241 -1.27
CHANA 4435 4560 -2.74
CORIANDER 11135 11212 -0.69
GUARGUM 8130 8220 -1.09
JEERA 16010 16435 -2.59
MUSTARD
SEED
4226 4232 -0.14
SOYABEAN 3236 3226 +0.31
TURMERIC 7628 7944 -3.98
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TURMERIC 20-10-2015 7628.00 -322.00 -4.05%
CHANA 20-10-2015 4435.00 -136.00 -2.98%
JEERA 20-10-2015 16010.00 -425.00 -2.59%
CASTOR SEED NEW 20-10-2015 4187.00 -57.00 -1.34%
CORIANDER 20-10-2015 11135.00 -120.00 -1.07%
COTTON SEED OIL CAKE
AKOLA
18-12-2015 1550.00 -14.00 -0.90%
RAPESEED-MUSTARD
SEED
20-10-2015 4226.00 -9.00 -0.21%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
SOYABEAN 20-10-2015 3236.00 11.00 0.34%
REFINED SOY OIL 20-10-2015 572.90 0.45 0.08%

4. Commodities In News
4
ECONOMIC NEWS
Thousands of acres of sugar crop are suffering severe damage from a
faltering monsoon, with some farmers in the world's second-biggest grower
forced to feed withered cane to cattle in the top producing state.After a
string of bumper harvests created an sugar glut, drought could cut supply in
the marketing year starting in October and there is a risk production will
drop below consumption for the first time in seven years in the following
2016/17 season.And even though India is still angling to boost exports in
the upcoming season to cut stockpiles, this picture could swiftly turn
around with a shortfall in output likely to bolster global sugar prices
languishing at seven-year lows.Industry officials say thousands of hectares
of cane have been damaged after India's first back-to-back drought in three
decades, as farmers also refrain from planting cane for the next season due
to water scarcity.In the top sugar-producing state of Maharashtra, a recent
Reuters visit showed the impact of the drought.Farmer Vijay Nazirkar
harvests cane shoots daily, but they are so withered he is using them to feed
his cattle."Sugar mills will not buy this dwarf cane with small shoots," said
Nazirkar as he chopped cane up for his 22 cattle, one of his few sources of
income as other crops such as corn and onions have also been hit by a
prolonged dry spell linked to an El Nino weather event.Commodities house
Czarnikow puts India's production next season at 28.9 million tonnes and
the Indian Sugar Mills Association at 28 million tonnes.Although after
assessing conditions in Maharashtra and the third-biggest producing state
of Karnataka, some industry officials and traders see production falling to
26 million tonnes and even below 25 million tonnes in 2016/17.That
compares with a near record 28.3 million tonnes this year and expectations
of annual consumption of 25.2 million tonnes in the upcoming
season.Maharashtra's output could drop nearly a quarter to 8 million tonnes
next season and be even lower in 2016/17, said Sanjeev Babar, managing
director of Maharashtra State Co-operative Sugar Factories.After a good
start in June, monsoon rainfall weakened in July and August and had badly
affected the crop, said Babar.Rains have been 14 per cent below average so
far over the four-month monsoon.
Chana settled flat on limited arrivals from the major producing belts
amid lower estimated output. Further, diminishing stocks at faster rate
due to pick up in festival demand too added support to chana prices.
However, very high margins on the long side, capped some gains.
Moreover, the prices have also increased in spot market on stockists
buying.In the futures market, the speculative activities may have
reduced after Exchange has Exchange imposed additional margins and
special margins for all chana contracts. Further, the duty free import of
chickpea, or chana, extended only until this December to ensure
remunerative prices to farmers and encourage them to plant the crop.
The 1st Advanced estimates for kharif Pulses point towards lower
production prospects at 5.56 million tons vs 5.63 million tons in 2014-
15. Tur production expected at 2.61 mt vs 2.78 mt in 2014-15. Urad
production expected at 1.37 million tons vs 1.27 mt in 2014-15. The
weather condition for chickpea production in Australia reported to be
favorable and harvest of new season desi chana already started.The
prices in Australia have firmed up during the growing season on
anticipation of good export demand from India.
Mustard Seed settled down on weak demand for the mustard meal in
export market. Rapeseed meal exports from India slipped 55.69% on
year to 49,788 tons in August on weak demand from South Korea, Iran
and Thailand, data released from Solvent Extractors Association of
India (SEA) showed. According to latest USDA report, global rapeseed
production is forecast to decline 3.5 million tons in 2015/16 as a slight
decrease in area reduces total output to 68.1 million tons. In Europe,
Oil World has estimated the production of 22 million tons as compared
to 24.1 million tons in 2014/15.On the global front the USDA now
expects 2015/16 global rapeseed production down 2.6 million tons to
64.6 million. Crop reductions for Canada, the EU, Australia, and
Ukraine comprise all of the change. Global rapeseed ending stocks may
drop to 4.14 mt in 2015/16.

5. 5
Fundamental Watch : Sugar
SUGAR PRICES AT KEY SPOT MARKETNational Market Update
As per the govt. officials, 48.84 lakh hectares of sugarcane area in India had
been sown so far for this marketing year (till 11th Sep, 2015) compared to
48.74 lakh hectares area a year before.
Cane sown area had increased by 0.29% in top most producing state of Uttar
Pradesh this year (till 11th Sep, 2015) compared to 21 lakh hectare in 2014-15
(till 11th Sep, 2014).
About 10 lakh hectares of sugarcane area had been sown so far (till 11th
Sep, 2015) in Maharashtra which was 11.82% less than the area sowed last
year during the corresponding period.
In Karnataka 3.96 lakh hectares of cane area had been sown in 2015-16 (till
11th Sep, 2015) compared to 3.2 lakh hectares of area last year in 2014-15 (till
11th Sep, 2015).
An absolute fall of 0.08 lakh hectares of cane sown area had been seen in
Andhra Pradesh where 1.17 lakh hectares of area had been sown so far
compared to 1.25 lakh hectares area last year during the same period.
Cane sown area had increased by 17.13% in Tamil Nadu this year where
2.94 lakh hectares of area had been sown till date (11th Sep, 2015) compared
to 2.51 lakh hectares of area the previous year (11th Sep, 2014)
Brazil’s Centre south region had churned around 2.84 MT of sugar in the
second half of August, 2015 which was 0.7% less than the sugar crushed
during the first half of the month.
CENTER 21-Sep-15 19-Sep-15 Change
DELHI 2600 2590 +10
MUMBAI 2650 2646 +4
VIJAYWADA 2900 2900 UNCH
NAGPUR 2650 2650 UNCH
CHENNAI 2500 2500 UNCH
AMBIKAPUR 2835 2835 UNCH
DHAMPUR 2500 2523 -23

6. Technical Outlook
6
SELL CORIANDER OCT BELOW 11050 TARGET 11023 10943 SL
ABOVE 11077
SELL GUARGUM OCT BELOW 8000 TARGET 7950 7880 SL
ABOVE 8060
SELL TURMERIC OCT BELOW 7600 TARGET 7560 7500 SL
ABOVE 7660
SELL CASTORSEED OCT BELOW 4180 TARGET 4155 4125 SL
ABOVE 4205

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