This daily commodity report provides market updates and analysis for various agricultural commodities. Turmeric and coriander prices declined over the past month, while guar gum and castor seed prices increased slightly. The report discusses factors influencing recent price movements, including supply levels, government interventions, and weather conditions. It also provides technical analysis and trading recommendations for several contracts.

1. DAILY AGRI COMMODITY REPORT
29 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 8872 8898 8742 8810 -1.54 12360
INTRADAY
LEVELS
SUPPORT SUPP. 1
8735
SUPP. 2
8661
PIVOT
8817
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8891
RES. 2
8973
CORIANDER
NOV 9250 10050 9057 9175 -4.77 80860
INTRADAY
LEVELS
SUPPORT SUPP.1
8805
SUPP. 2
8434
PIVOT
9427
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
9797
RES. 2
10420
GUARGUM
NOV 8090 8240 8090 8140 +0.87 8822
INTRADAY
LEVELS
SUPPORT SUPP. 1
8007
SUPP. 2
8073
PIVOT
8157
Guargum short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
8223
RES. 2
8307
CASTORSEED
NOV 4195 4270 4175 4255 +1.09 94350
INTRADAY
LEVELS
SUPPORT SUPP. 1
4197
SUPP. 2
4138
PIVOT
4233
Castorseed short term
trend is bullish and
May continue in
coming day.RESISTAN
CE
RES. 1
4292
RES. 2
4328

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4255 4209 +1.09
CHANA 4785 4701 +1.79
CORIANDER 9175 9635 -4.77
GUARGUM 8140 8070 +0.87
JEERA 15945 16000 -0.34
MUSTARD
SEED
4969 4955 +0.28
SOYABEAN 3969 3940 +0.74
TURMERIC 8810 8948 -1.54
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-11-2015 9175.00 -460.00 -4.77%
TURMERIC 20-11-2015 8810.00 -92.00 -1.03%
COTTON SEED OIL CAKE
AKOLA
18-12-2015 1678.00 -11.00 -0.65%
JEERA 20-11-2015 15945.00 -5.00 -0.03%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CHANA 20-11-2015 4785.00 96.00 2.05%
CASTOR SEED NEW 20-11-2015 4255.00 46.00 1.09%
BARLEY 20-11-2015 1448.00 10.00 0.70%
REFINED SOY OIL 20-11-2015 624.70 3.90 0.63%
SOYABEAN 20-11-2015 3969.00 25.00 0.63%
RAPESEED-MUSTARD
SEED
20-11-2015 4969.00 24.00 0.49%

4. Commodities In News
4
ECONOMIC NEWS
Dal prices have started to ease, declining from peak of Rs 210 per kg to
around Rs 190 even as many state governments continued to raid hoarders,
seizing so far over 82,000 tonnes of pulses.The seized stocks will be
released in retail markets within a week, which will further help cool down
prices.Meanwhile, the daily monitoring of the price situation continued
with Cabinet Secretary P K Sinha reviewing the evolving scenario."Under
de-hoarding operations, 8,394 raids have been conducted so far and
82,462.53 tonnes pulses have been seized across the states," an official
statement said.Due to the seizure of pulses in 12 states, prices have started
showing a downward trend, a senior Consumer Affairs Ministry official
said.Retail prices of tur dal slipped below Rs 210 per kg and was quoted
around Rs 190, while wholesale price of the commodity declined to Rs
181, according to the data maintained by the Consumer Affairs
Ministry.Retail tur prices showed a sharp decline in Puducherry,
Ahmedabad, Jaipur, Ranchi, Bengaluru, while there was marginal fall in
rates in Mengaluru, Mumbai, Trirunelveli and Chennai.Urad prices
dropped by up to Rs 8 per kg in both retail and wholesale markets across
the country. Retail price of urad was Rs 190, while it was Rs 180 in the
wholesale market.According to the official, a maximum quantity of 57,455
tonnes pulses was confiscated from Maharashtra due to which tur dal prices
in Mumbai wholesale markets fell to Rs 152 per kg from Rs 200 a kg a
week ago, though its impact is yet to peculate into retail markets.As per the
ministry data, 4,932 tonnes of pulses have been seized in Chhattisgarh,
2,370 tonnes in Madhya Pradesh, 3,330 tonnes in Rajasthan and 2,189
tonnes in Haryana so far.The statement further said that "more states have
started selling pulses through government/cooperative outlets. Prices in the
retail market have also registered declining trends."As the pulses crisis
escalated, the Centre had stepped up the countrywide crackdown on
hoarders to boost domestic supply and control prices. It has taken several
other steps to improve domestic supply of pulses.Four state governments
including Gujarat have started selling tur dal at a lower price of Rs 120-145
per kg at retail points to provide relief to common man.
Jeera settled down on account of higher supply from the producing
regions in the midst of decline in the export demand. Further, timely
sowing due to favorable weather at the major producing regions of
Gujarat and Rajasthan too fuelled the downtrend. Though, some losses
were limited by pickup in demand from stockists and traders at the spot
market.India's 2014-15 jeera output was lower due to adverse weather
at the time of harvesting in Gujarat and Rajasthan. As per fourth
advance estimate of Gujarat government, in 2014-15 jeera output was
estimated at 158,000 ton as against 346,000 ton a year ago due to fall in
sowing caused by adverse weather conditions.
Turmeric settled up supported by arrival of good quality turmeric and
receipt of some fresh upcountry orders at the spot market. However
upside seen limited on account of higher output due to good rains in
second part of September in southern peninsula region. While poor
monsoon has hit sowing in Maharashtra the current dry spell in most of
the producing centers of south India may impact the overall output of
turmeric. Turmeric stocks are exhausting due to end of the season while
new crop will start pouring in the market in Feb only.Turmeric stock is
estimated nearly at 4 million bags across the country while new crop is
expected around 7 million bags.
Mustard Seed settled down as weakness in soyabean prices and
subdued demand in the spot markets weighed. However good festive
season domestic demand amidst falling stocks is constantly
undermining limiting the downside. The sources stated that arrivals of
around 0.70-0.90 lakh bags mustard seed have been reported in all the
major producing states. The rise in mustard oil demand by major
consuming region of eastern India during the festive season is
encouraging higher buying by crushing units.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 : Chana
CHANA PRICES AT KEY SPOT MARKETNational Market Update
According to IBIS (provisional data), import of pulses in the last week (12
Oct-18 Oct) was around 123 Thousand tonnes at major ports in India, around
115% higher than previous week’s (05 Oct-11Oct), import of 57 Thousand
tonnes. Chana, Kidney Bean, Cow Pea, Green Pea and Urad were imported
lower this week whereas Masoor, Pigeon Pea, Moong and Yellow Pea were
imported lower as compared to last week.
According to the Ministry of Agriculture, area under Rabi pulses throughout
the country stood 9.83 lakh hectares as on 23rd October this year, around
107% higher when compared to the area sown during corresponding period
last year which was 4.75 lakh hectares. The rise in area is due to the higher
prices of pulses in the retail market.
Government has decided to create buffer stock of pulses by procuring from
farmers and by imports. NAFED, FCI and SFAC will procure on behalf of
government from state cooperatives, state government organizations and
farmer producer organizations respectively. Buffer stock will help the
government to stabilize the rising prices of pulses by selling them at
subsidized rate.
Like Gulbarga now tur crop needs immediate showers of rains in Latur and
Jalgaon too. The standing crop is in dire need of rains .If rains in these regions
get delayed, yield may drop by 30 to 40 percent. In these regions crop is in
flowering stage. Yield prospects are deteriorating day by day in absence of
rains.
According to the statpub, Canada Lentil No. 1 variety harvest could increase
from 5% (last year) to 12 % this year and No.2 variety from 32% to 59% this
year whereas No.3 and sample grade decreased from 53% and 10% to 27%
and 2% respectively.
CENTER 26-Oct-15 24-Oct-15 Change
AHMEDNAGAR NA NA -
ALWAR 4600 4600 UNCH
GWALIOR NA NA -
JAIPUR 4950 4750 +200
KANPUR 5350 5350 UNCH
NAGPUR 4500 4500 UNCH
KEKRI NA 4400 -

6. Technical Outlook
6
SELL CORIANDER NOV BELOW 9057 TARGET 9022 8942 SL
ABOVE 9106
BUY GUARGUM NOV ABOVE 8240 TARGET 8290 8360 SL
BELOW 8180
SELL TURMERIC NOV BELOW 8742 TARGET 8698 8638 SL
ABOVE 8802
BUY CASTORSEED NOV ABOVE 4275 TARGET 4300 4330 SL
BELOW 4250

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