This daily commodity report provides market information on various agricultural commodities such as turmeric, coriander, guar gum, and castor seed. It discusses the opening, high, low, and closing prices of these commodities on the most recent trading day as well as intraday support and resistance levels. It also includes the most actively traded contracts, top gainers and losers for the day, and fundamental news and analysis on commodities like cotton, guar seed, jeera, and castor seed. The report is from Epic Research, an Indian commodity research firm.

1. DAILY AGRI COMMODITY REPORT
25 June 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
JULY 6956 7190 6922 7084 +1.23 18230
INTRADAY
LEVELS
SUPPORT SUPP. 1
6941
SUPP. 2
6797
PIVOT
7065
Turmeric short term
trend is up and May
continue in coming
days.RESISTAN
CE
RES. 1
7209
RES. 2
7333
CORIANDER
JULY 12270 12300 11960 11984 -2.22 17940
INTRADAY
LEVELS
SUPPORT SUPP.1
11863
SUPP. 2
11741
PIVOT
12081
Coriander short term
trend is down and May
continue in coming
days.RESISTAN
CE
RES. 1
12203
RES. 2
12421
GUARGUM
JULY 9750 10220 9650 10220 +3.97 10698
INTRADAY
LEVELS
SUPPORT SUPP. 1
9840
SUPP. 2
9460
PIVOT
10030
Guargum short term
trend is up and May
continue in coming
days.RESISTAN
CE
RES. 1
10410
RES. 2
10610
CASTORSEED
JULY 3975 3995 3920 3980 -0.15 70300
INTRADAY
LEVELS
SUPPORT SUPP. 1
3935
SUPP. 2
3890
PIVOT
3965
Castorseed short term
trend is up and May
continue in coming
days..RESISTAN
CE
RES. 1
4010
RES. 2
4040

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3980 3986 -0.15
CHANA 4170 4117 +1.29
CORIANDER 11984 12256 -2.22
GUARGUM 10220 9830 +3.97
JEERA 16090 15905 +1.16
MUSTARD
SEED
4082 4066 +0.39
SOYABEAN 3448 3483 -1.00
TURMERIC 7084 6998 +1.23
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-07-2015 12071.00 -169.00 -1.38%
SOYABEAN 20-08-2015 3458.00 -21.00 -0.60%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
TURMERIC 20-07-2015 7090.00 118.00 1.69%
CHANA 20-07-2015 4173.00 64.00 1.56%
COTTON SEED OIL CAKE
AKOLA
20-07-2015 1824.00 27.00 1.50%
JEERA 20-07-2015 16050.00 145.00 0.91%
REFINED SOY OIL 20-08-2015 583.50 3.50 0.60%
RAPESEED-MUSTARD
SEED
20-07-2015 4087.00 23.00 0.57%
CASTOR SEED NEW 20-07-2015 3985.00 10.00 0.25%

4. Commodities In News
4
ECONOMIC NEWS
Even if cotton production declines by up to 15 per cent next season, the
adequate domestic stock position is likely to keep the prices stable during
cotton year (CY) 2015-16, according to rating agency ICRA."Domestic
cotton stock position to remain adequate even if the production declines by
up to 15 per cent in CY 2015-16. Hence domestic prices are expected to
remain stable in CY 2015-16," ICRA said in a report here.The cotton
prices, as typical of any other agricultural commodity, are driven by global
demand and supply dynamics,it said.With global cotton demand largely
being range-bound (negligible demand growth during last 5 years), the
supply remains the key driver of prices.The massive cotton procurement
undertaken by China during the cotton years from 2011-12 to 2013-14 at
higher support prices than the international prices resulted in increased
dependence of the Chinese mills on cheap imported cotton, thereby
resulting in increased imports by China and hence rising prices.The change
in the China's cotton policy to direct subsidy mechanism to farmers from
the earlier policy of supporting the prices through reserve purchase
program made domestic cotton available to mills in China at market rates
and reduced the import dependence.The release of the cotton stock by
China at market rates will further reduce the import requirement of China,
which will lead to higher cotton stock levels in both global and Indian
markets and further depress the international cotton prices, ICRA pointed
out.Cotton cultivation will remain attractive for the Indian farmers, which
will prevent any large shift towards alternate crops and hence mitigate
concerns of lower production, the agency said."The high support prices for
cotton still continue to keep cotton cultivation attractive for the farmers as
the profit per quintal for cotton remains high amongst the competing
crops," it added.ICRA said the consistent rise in domestic cotton
production without adequate domestic spinning capacities and declining
export demand remains a challenge.
Guarseed gained amid good bargain hunting yesterday. Prices have
dropped heavily in last few days as market players continued to track the
cues from monsoon. The IMD noted in its latest weekly update that
conditions are favourable for further advance of southwest monsoon
into remaining parts of north Arabian sea, Gujarat state, Chhattisgarh,
Jharkhand, entire Bihar, Uttarakhand, Himachal Pradesh, Jammu &
Kashmir, most parts of Madhya Pradesh and some parts of Uttar
Pradesh, Punjab, Haryana, Chandigarh & Delhi and Rajasthan during
next 3-4 days. Some parts in Rajasthan continue to witness good rains
and traders took it as a good sign for the current season's harvest.
Guargum demand is fairly weak as well. However, good buying was
seen ready and futures market today and guarseed prices in Jodhpur are
trading at Rs 4255 per quintal, up Rs 40 per quintal on the day.
Stockists are keeping Jeera steady after latest correction. Spot Jeera
extended its losses amid thin demand and very less arrivals. The stocks
in ready market are poor and though the demand for Ramadan is
expected to support the commodity in near term, not much of buying
emerged yesterday. Spot Jeera is quoting at Rs 17050, up Rs 50 per
quintal on the day in Unjha. Total arrivals were just 1500 bags
yesterday.
Castorseed sowing has started on a good note amid steady progress in
monsoon. Last two years have seen farmers getting good returns on
castor and the acreage is expected to increase this year too. Stocks in
local mandies are limited and spot prices have dropped under Rs 4000
per quintal in Disa now. These are the lowest levels in last one month for
the commodity.

5. 5
Fundamental Watch : Castorseed
CASTORSEED ARRIVALS AT KEY SPOT
MARKET
National Market Update
Downward pressure continues on castor seed market with further smooth
advancement of monsoon and good rains fall in producing state like Gujarat.
Early sowing is expected right now and resultantly price of seed may decrease
more in the weeks ahead. Overall sentiment remains bearish.
Agriculture statistics Division, DES has released Third Adv estimates of
Production of foodgrains for 2014-15 on 13.05 2015.It has revised castor
production estimate down by 87 thousand tonne to 18.24 lakh tonne. In second
Adv Est. castor production was estimated at 19.11 lakh tonne. The minor
decrease in third Adv . Est is mainly attributed to inclement weather and yield
loss.
Castor Oil (First Grade) FOB Kandla (Export) quotes decreased
considerably by $15 per tonne in last one week. It decreased from $1290 to
$1275 per tonne last week. It is almost 3.54 percent lower than June ,2014
price. It was ruling at $1445 per tonne in June 2014. Castor oil FOB Kandla
price in May 2015 was ruling at $1290.
Castor meal (FAS)kandla was increased from $110 to $114 per tonne last
week. It is ruling 2.35 higher than the quote seen in June ,2014.
Major buyers like China, US and EU have restricted buying once again in
declining market. No major trade has been reported this week for commercial
oil. Buyer’s interest was seen at $1275 per tonne.
Castor meal export was registered at 9185.19 tonne in the first week of June
at an Ave FOB price of $123 per T. The highest and lowest quotes were seen in
$196 and $101.98 per T. Export volume has decreased from last week.
CENTER 24-June-15 23-June-15 Change
PATAN 3850 3850 UNCH
HARJI 3850 3860 -10
KADI 3855 3900 -55
DEESA 3800 3850 -50
BHABHAR 3850 3865 -15
MEHSANA 3850 3875 -25
RAJKOT 3755 3755 UNCH

6. Technical Outlook
6
SELL CORIANDER JULY BELOW 11920 TARGET 11895 11855 SL
ABOVE 11950
BUY GUARGUM JULY ABOVE 10220 TARGET 10270 10330 SL
BELOW 10160
BUY TURMERIC JULY ABOVE 7120 TARGET 7160 7220 SL
BELOW 7060
BUY CASTORSEED JULY ABOVE 4010 TARGET 4035 4065 SL
BELOW 3980

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