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1. DAILY AGRI COMMODITY REPORT
27 October 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
NOV 8490 8782 8490 8782 +3.98 19590
INTRADAY
LEVELS
SUPPORT SUPP. 1
8587
SUPP. 2
8393
PIVOT
8685
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
8879
RES. 2
8977
CORIANDER
NOV 10881 10881 10200 10250 -6.00 3520
INTRADAY
LEVELS
SUPPORT SUPP.1
10006
SUPP. 2
9763
PIVOT
10444
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
10687
RES. 2
11125
GUARGUM
NOV 8010 8300 8010 8130 -1.93 9106
INTRADAY
LEVELS
SUPPORT SUPP. 1
7993
SUPP. 2
7857
PIVOT
8147
Guargum short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
8283
RES. 2
8437
CASTORSEED
NOV 4066 4154 4054 4136 +1.62 73130
INTRADAY
LEVELS
SUPPORT SUPP. 1
4075
SUPP. 2
4015
PIVOT
4115
Castorseed short term
trend is bearish and
May continue in
coming day.RESISTAN
CE
RES. 1
4175
RES. 2
4215

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4136 4070 +1.62
CHANA 4801 4870 -1.42
CORIANDER 10250 10904 -6.00
GUARGUM 8130 8290 -1.93
JEERA 16025 16120 -0.59
MUSTARD
SEED
5040 5106 -1.29
SOYABEAN 3981 3994 -0.33
TURMERIC 8782 8446 +3.96
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
REFINED SOY OIL 20-11-2015 623.00 -9.00 -1.42%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %

4. Commodities In News
4
ECONOMIC NEWS
Nearly 75,000 tonnes of pulses have been seized from hoarders in raids
across 13 states as part of the measures to control the skyrocketing retail
prices that have touched up to Rs 210 per kg.The Centre has also asked the
states to hold discussions with dal millers, whole-sellers and retailers to
make pulses available at reasonable prices."De-hoarding operations across
the states continued. These have resulted in seizure of 74,846.359 tonnes
pulses so far. Total 6,077 raids have been conducted by the states after the
amendment in the Central Order under Essential Commodities Act," an
official statement said.As a result of the de-hoarding drive, the states have
reported declining trends in the prices of pulses, it added.Out of 74,846.35
tonnes of pulses seized so far, the maximum of 46,397 tonnes have been
recovered from hoarders in Maharashtra followed by Karnataka at 8,755.34
tonnes, Bihar at 4,933.89 tonnes, Chhattisgarh 4,530.39 tonnes, Telangana
2,546 tonnes, Madhya Pradesh 2,295 tonnes and Rajasthan 2,222
tonnes."The Centre has asked the state governments to have meeting with
millers, wholesellers and retailers to make pulses available in retail markets
at reasonable prices," the Consumer Affairs Ministry said, adding that few
states have already moved in this direction.In a communication to the
states/union territories, the Centre said the distribution of pulses at
reasonable prices through ration shops by some states has helped stabilising
the prices and asked other states to consider this step.As per the Consumer
Affairs Ministry's data, retail prices touched as high as Rs 210/kg.Urad was
selling at Rs 190/kg, moong dal at Rs 130/kg, masoor dal at Rs 110/kg and
gram at Rs 85/kg.To check rising prices, the Centre has taken several steps
like creating a buffer stock of 40,000 tonnes and sale of imported pulses at
cheaper rates. It has brought importers, exporters, departmental stores and
licenced food processors under the stock holding limit to check
hoarding."Among several measures taken by the Centre to keep prices
under check, certain quantity of tur dal has been imported and states were
requested to indicate their requirements for retail distribution to contain
price rise of pulses. Some states have responded and also lifted certain
quantities of tur dal," the statement said.
Jeera settled up tracking due to good domestic demand at the spot
market. However upside seen limited due to higher supply from the
producing regions in the midst of decline in the export demand. The
jeera export from India may surge in coming months as Jeera from
Syria, Turkey may be lower, and now the preferred location would be
India. According to govt data, exports for 2015-16 shows a decline
trend compared to last year until September.As per fourth advance
estimate of Gujarat State, production is expected at 1.58 lt in 2014-15,
which is 54.3 % lower, compared to last years’ production of 3.46 lakh
tonnes. Jeera sowing recorded 2.64 lh, 42% less sowing compared to
last year’s 4.54 lh in Gujarat last year.
Turmeric settled up due to strong domestic and international demand.
However upside seen limited amid higher production due to good rains
in second part of September in southern peninsula region. Sources also
stated that around 40 lakh bags of total stocks have been reported in
local mandies.While the total production in the coming year is expected
to be around 55-60 lakh bags. Good rains in second part of September
in southern peninsula region may enhance the turmeric production and
quality. Turmeric sowing In AP, is recorded at 15,753 hectares increase
over last years’ acreage as well normal sowing area progress however
in Telangana, the sowing area is lower than the normal sowing area at
40,823 hac compared to 43,470 hac last year.
Rmseed settled due to strong crushing demand and weak arrivals in
physical market from last few days. The sources stated that arrivals of
around 0.25-0.40 lakh bags mustard seed have been reported in all the
major producing states. Prices of rm seed were supported on supply
worries after Indian Meteorological Department (IMD) reported that
from the beginning of Oct till today Rajasthan has not received any
rainfall which is likely to affect rabi sowing of rm seed.

5. 5
Fundamental Watch : Castorseed
CASTORSEED PRICES AT KEY SPOT
MARKET
National Market Update
Agriculture statistics Division, DES has released its 1st Adv estimates of
Production of food-grains for 2015-16 on 16.09.2015.It has estimated 19.44
lakh tonne seed production this year. The production target for 2015-16 has
been fixed at 20.34 lakh ton. India has produced 19.63 lakh tonne castor seed
in 2014-15 as per revised 1st Adv estimate. Private trade estimate for the year
is much lower and is between 15 to 16 lakh tonne for 2015-16.However,it is
too early to talk about the final size as sowing is just over.
The LYNN Castor Oil Company from Taiwan has submitted a proposal to
grow castor seed in 1500 ha. in collaboration with the farmers of Telangana.
The company would establish a modern castor oil crushing unit there too.
Currently castor yield is around 1500 kg per ha.it can be increased to 7500 kg
per ha if high brid seed is used with proper agriculture application.
Castor coverage area as on 8th Oct-2015 was reported at 11.02 lakh ha,
higher by 0.82 lakh ha from corresponding date last year.I t was registered at
10.19 lakh ha on 8th oct-2014.Rajasthan has covered 1.98 lakh ha, higher
by32.89 percent from last year. Gujarat has covered 6.4 percent higher area to
7.81 lakh ha. Coverage area has increased by6.67 percent to 0.48 percent.
Castor Oil export decreased by 18.12 percent week ending 18th Oct-2015
from previous week. Export volume decreased from12291 to9878.77 tonne.
Price realization to has declined by 2.37 percent from last week. Market may
trade steady to slightly firm. Castor meal export too increased last week to
3731.26 T.Ave price realization was registered at $164.04 per tonne.It is 1
percent higher than previous week price.
CENTER 26-Oct-15 24-Oct-15 Change
SUMERPUR 3850 3825 +25
PATAN 3975 3950 +25
MEHSANA 3965 3975 -10
BHABAR 3960 3950 +10
HARJI 3965 3950 +15
RAJKOT 3825 3815 +10
KADI Closed 3980 -

6. Technical Outlook
6
SELL CORIANDER NOV BELOW 10200 TARGET 10172 10092 SL
ABOVE 10227
BUY GUARGUM NOV ABOVE 8280 TARGET 8330 8400 SL
BELOW 8220
BUY TURMERIC NOV ABOVE 8872 TARGET 8916 8976 SL
BELOW 8812
SELL CASTORSEED NOV BELOW 4150 TARGET 4125 4095 SL
ABOVE 4175

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