This daily commodity report provides information on price movements and trading levels for various agricultural commodities. Coriander and castorseed prices increased over the past month, while turmeric and guar gum prices declined. The report also discusses commodity market news, including updates on pulses and sugar prices, as well as forecasts, trading recommendations and disclaimers.

1. DAILY AGRI COMMODITY REPORT
26 May 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
JUNE 11930 12408 11820 12333 +3.37 39640
INTRADAY
LEVELS
SUPPORT SUPP.1
11966
SUPP. 2
11599
PIVOT
12187
Coriander short term
trend is up and June
continue in coming
days.RESISTAN
CE
RES. 1
12554
RES. 2
12775
CASTORSEED
JUNE 3976 4068 3976 4007 +0.33 108500
INTRADAY
LEVELS
SUPPORT SUPP. 1
3966
SUPP. 2
3925
PIVOT
4017
Castorseed short term
trend is up and June
continue in coming
days..RESISTAN
CE
RES. 1
4058
RES. 2
4109
TURMERIC
JUNE 8124 8138 7752 7752 -3.99 20285
INTRADAY
LEVELS
SUPPORT SUPP. 1
7623
SUPP. 2
7495
PIVOT
7881
Turmeric short term
trend is down and June
continue in coming
days.RESISTAN
CE
RES. 1
8009
RES. 2
8267
GUARGUM
JUNE 11510 11520 11030 11050 -3.75 8763
INTRADAY
LEVELS
SUPPORT SUPP. 1
10880
SUPP. 2
10710
PIVOT
11200
Guargum short term
trend is up and June
continue in coming
days.RESISTAN
CE
RES. 1
11370
RES. 2
11690

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4007 3994 +0.33
CHANA 4626 4692 -1.41
CORIANDER 12333 11931 +3.37
GUARGUM 11050 11480 -3.75
JEERA 17955 18700 -3.98
MUSTARD SEED 4210 4261 -1.2
SOYABEAN 3931 4034 -2.55
TURMERIC 7752 8074 -3.99
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 19-06-2015 17955.00 -840.00 -3.98%
TURMERIC 19-06-2015 7752.00 -348.00 -3.99%
SOYABEAN 19-06-2015 3937.00 -127.00 -2.55%
CHANA 19-06-2015 4625.00 -69.00 -1.41%
REFINED SOY OIL 19-06-2015 590.90 -7.10 -1.19%
BARLEY 19-06-2015 1262.50 -10.00 -0.79%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CORIANDER 19-06-2015 12333.00 341.00 3.37%
CASTOR SEED NEW 19-06-2015 4016.00 101.00 2.58%
RAPESEED-MUSTARD
SEED
19-06-2015 4209.00 45.00 1.08%
COTTON SEED OIL CAKE
AKOLA
19-06-2015 1776.00 2.00 0.11%

4. Commodities In News
4
ECONOMIC NEWS
 Bucking the overall trend of easing inflation, pulses got costlier by
up to 64 per cent in the first year of the Modi government across major
metro cities, primarily due to fall in domestic production.Amid
forecast of a poor monsoon for the second consecutive year, the
government is considering importing pulses through state-owned
trading firms such as MMTC to boost domestic supply and check the
rise in retail prices. According to the data maintained by the Consumer
Affairs Ministry, the maximum increase in retail prices was witnessed
in urad in the past one year, while tur, masoor, gram and moong dal
prices have also shot up.As per the latest government data, the overall
consumer price inflation dropped to its four-month low of 4.87 per
cent in April, while wholesale price based inflation has been in the
negative territory for six straight months.While inflation has eased in a
number of food articles, the Consumer Affairs Ministry data showed
that pulses have been getting costlier considerably, According to
experts, pulses are cultivated in rainfed areas and prices of lentils have
been on rise due to fall in domestic production during the ongoing
2014-15 crop year in the wake of below normal monsoon.Pulses
production is estimated to fall to 18.43 million tonnes in the 2014-15
crop year (July-June) from 19.78 million tonnes in the previous
year.India produces 18-19 million tonnes of pulses annually but has to
import 3-4 million tonnes to meet the domestic demand. Imports in the
last two years were mainly via the private trade.The country's import
of pulses through private trade stood at 3 million tonnes in the fiscal
2013-14, while it is estimated at 3.4 million tonnes for the fiscal 2014-
15.
 the sugar price have only fallen and are at its lowest in the last 6
years.The industry calls for rationalizing cane pricing policy across the
country and check the huge mismatch between sugarcane price and
sugar price which is currently distorting the economics of sugarcane
and sugar production.The reason for surplus sugar is only because
surplus sugarcane is getting produced and the mills are under legal
compulsion to crush all the sugarcane,
 Jeera slumped further on long liquidation amid weak demand. The NCDEX
Jeera for the June delivery ended the day at Rs 17,955, down Rs 745 or
3.98%. Spot Jeera stayed weak today. Jeera witnessed a pounding as traders
eyed the lack of demand in spot markets. Major buying would emerge only
around Ramadan now and falling arrivals might not support prices much after
a near 50% rally in spot prices over last six months. The arrivals in spot
market of Unjha surged to 15,000 bags, slightly up from 8,000 bags reported
in the last day and the spot rate quoted steady at Rs 17000-18000 per quintal.
Arrivals normally surge to around 40000/45000 bags during this time.
Harvesting has been affected on late rains in Rajasthan and overall output
could suffer.Jeera touched one month high of Rs 18, 965 per quintal as on
20th May 25, 2015, after bouncing back from low of Rs 17440 as on 15th
May.
 Guarseed prices dropped heavily today amid rainfall expectations. Rainfall
has been decent in the country in last few days. Some good pre-Monsoon rain
coupled with thundershower activity in North India in last few days has
helped the country in recording surplus rain this week. According to the data
available with Skymet Meteorology Division in India, rainfall in the country
from May 14 to May 20 has been in excess of 32%. This is looking promising
from the point of view of the Kharif harvest and an early start to the sowing
can be expected if the trend continues. The spot guarseed markets witnessed a
drop in arrivals in last few days abut but the prices failed to extend their gains
after hitting one year high of Rs 5240 per quintal in Jodhpur at the start of this
month. The commodity quotes at Rs 4886 per quintal in Jodhpur today.
 Coriander extended its slide after hitting seven month highs in Kota last
week amid excellent demand from stockists. Traders are worried that
unseasonal rainfall in Rajasthan would affect the quality of the crop arriving
in local mandies. The commodity has been on an upward trajectory in last few
weeks on lack of good quality crops even as arrivals remained steady. The
Spot prices are trading at Rs 16770 per quintal in Kota, down Rs 80 per
quintal on the day.

5. 5
Fundamental Watch : Sugar
SUGAR PRICES AT KEY SPOT MARKETNational Market Update
 India exported 31.9 thouand tons of sugar last week (ending 17th May, 2015)
which was 27% lower than the exports made in previous week. The Indian Sugar
Mills Association (ISMA) revisited India’ sugar production estimate to around 28
million tons this marketing year i.e. 2014 -15. Sugar production rose 12.8% in
Uttarakhand this season, with the state producing 3.25 lakh tons of sugar in 2014
15(1st Oct, 2014 – 30th Apr, 2015) relative to 2.88 lakh tons in 2013 -14 (1st Oct,
2013 –30th Apr, 2014). With these figures, the state marked an end to the crushing
operation for this season. With a production decline of 0.68 lakh tons, Bihar ended up
the crushing operation for marketing year 2014- 15. Notably, the state produced 5.23
lakh tons of sugar in 2014 -15 (1st Oct, 2014 – 30th Apr, 2015) as against 5.91 lakh
tons sugar in 2013 -14 (1st Oct, 2013 – 30th Apr, 2014). The crisis in Indian sugar
industry is a continuing tale which promises no immediate respite. Industry players
say sugar mills may find it difficult to start their crushing operations next season
which is only 4-5 months away.Due to depressed global sugar prices which are not
still not viable for export of both raw and export, sugar exports are at a very low pace.
According to the data by Indian Sugar Mills Association(ISMA), so far, mills have
exported only 4.6 lac tons of sugar till first week of May, 2015. Another 2-3 lac tons
of sugar may get exported in the remaining period of the season. Closing stock at the
end of the current season is estimated to be at a higher level of around 103 lac tons,
the highest in the last six sugar seasons. Sugar prices in the domestic market is highly
depressed and are ruling at Rs. 2600 per quintal in Northern parts of the country and at
Rs. 2300 per quintal in Southern and Western parts of the country. Cane price arrears
have crossed Rs. 21,000 crore which is almost 35% of the total cane price payable in
the season. It also means that either 1 out of 3 farmers have not got the payment or
the farmer has not got payment for 35% of his produce.
 The U.S. Department of Agriculture, forecasted Brazilian sugarcane production to
648 million tons in 2015-16 amid surge in production area and yield per hectare. he
sugar and ethanol industry group - in its first estimates for the 2015-16 season which
started last month - forecast an increase of 18.7m tonnes to 590.0m tonnes in the cane
harvest in the Centre South, which is responsible for some 90% of Brazilian output.
CENTER 25-May-15 23-May-15 Change
DELHI 2650 2550 +100
DHAMPUR 2580 2450 +100
MUMBAI 2742 2742 UNCH
KOLHAPUR 2400 2400 UNCH
VIJAYWADA 2870 2880 -10
NAGPUR NA NA -
KOLKATA 2750 2750 UNCH

6. Technical Outlook
6
BUY CORIANDER JUNE ABOVE 12340 TARGET 12365 12405 SL
BELOW 12315
SELL GUARGUM JUNE BELOW 11030 TARGET 10980 10920 SL
ABOVE 11090
SELL TURMERIC JUNE BELOW 7728 TARGET 7688 7628 SL
ABOVE 7788
SELL CASTORSEED JUNE BELOW 4000 TARGET 3975 3945 SL
ABOVE 4025

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