This daily commodity report from Epic Research India provides market information on various agricultural commodities. It includes key data points such as monthly opening and closing prices, highs and lows as well as percentage changes for coriander, castorseed, turmeric and guargum futures on the NCDEX. It also lists the most active contracts, top gainers and losers. Additionally, the report discusses commodity arrivals and market views, provides technical trading recommendations and important news affecting commodity prices.

1. DAILY AGRI COMMODITY REPORT
30 Apr 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
MAY 10130 10370 10023 10138 +0.55 28790
INTRADAY
LEVELS
SUPPORT SUPP.1
9984
SUPP. 2
9830
PIVOT
10177
Coriander short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
10331
RES. 2
10524
CASTORSEED
MAY 3729 3744 3672 3675 -1.42 45550
INTRADAY
LEVELS
SUPPORT SUPP. 1
3650
SUPP. 2
3625
PIVOT
3697
Castorseed short term
trend is down and may
continue in coming
days..RESISTAN
CE
RES. 1
3722
RES. 2
3769
TURMERIC
MAY 8680 8770 8322 8342 -3.76 33545
INTRADAY
LEVELS
SUPPORT SUPP. 1
8186
SUPP. 2
8030
PIVOT
8478
Turmeric short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
8634
RES. 2
8926
GUARGUM
MAY 12110 12270 11580 11580 -5.93 19451
INTRADAY
LEVELS
SUPPORT SUPP. 1
11350
SUPP. 2
11120
PIVOT
11810
Guargum short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
12040
RES. 2
12500

3. Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
V 797 KAPAS 30-04-2015 822.00 4.00 0.49%
COTTON SEED OIL CAKE
AKOLA
20-05-2015 1805.00 8.00 0.45%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3675 3728 -1.42
CHANA 4205 4207 -0.05
CORIANDER 10138 10083 +0.05
GUARGUM 11580 12310 -5.93
JEERA 17860 18165 -1.68
MUSTARD SEED 3785 3805 -0.53
SOYABEAN 3969 4042 -1.81
TURMERIC 8342 8668 -3.76
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TURMERIC 20-05-2015 8340.00 -310.00 -3.58%
JEERA 20-05-2015 17855.00 -335.00 -1.84%
SOYABEAN 19-06-2015 3962.00 -71.00 -1.76%
CASTOR SEED NEW 20-05-2015 3682.00 -46.00 -1.23%
CORIANDER 20-05-2015 10120.00 -108.00 -1.06%
REFINED SOY OIL 19-06-2015 581.50 -5.50 -0.94%
RAPESEED-MUSTARD
SEED
20-05-2015 3780.00 -21.00 -0.55%
BARLEY 20-05-2015 1262.50 -3.50 -0.28%
CHANA 20-05-2015 4193.00 -7.00 -0.17%

4. Commodities In News
4
ECONOMIC NEWS
 Import duty on Sugar has been increased from rom 25 percent to 40
percent in India. The Union Cabinet chaired by the Prime Minister,
Narendra Modi, today gave its approval to increase import duty.In order
improve the price sentiments relating to sugar, the Government has
decided to take the following steps:
1)The duty on import of sugar under the Open General License (OGL)
shall be increased to 40 percent, as against the current level of 25
percent. This would prevent any imports in case international prices of
sugar were to depress further.,
2)The ―Duty Free Import Authorization‖ scheme (DFIA), for sugar
would be withdrawn. Under the DFIA, exporters of sugar could import
duty free, permissible quantities of raw sugar for subsequent processing
and disposal. To prevent leakage of sugar made from such duty free
imports in the domestic markets, the DFIA scheme for sugar would be
withdrawn.
3)Similarly, the period for discharging Export Obligations under the
Advanced Authorization Scheme for sugar would be reduced to six
months, so as to prevent any possibility of any leakage into the
domestic markets.
4)Removal of excise duty on ethanol supplied for blending. It has been
decided that ethanol produced from molasses generated during the next
sugar season and supplied for ethanol blending would be exempted
from excise duty and the price benefit would be passed on the to the
sugar mills/distilleries.Presently 12.36 percent central excise duty is
levied.―These measures will significantly improve the adverse price
sentiments in respect of sugar and would improve the liquidity in the
industry, facilitating the clearing up of arrears of canedues to farmers,‖
an official statement said.The past four years have witnessed continued
overproduction of sugar as compared to domestic requirements. This
has depressed sugar prices; consequently the mills have been
constrained for liquidity and are facing difficulties in clearing cane dues
owed to thefarmers. This has affected the incomes of 50 million sugar
cane farmers.
 Tight arrivals in major trading centres kept Jeera supported. Arrivals
dropped to just 15000 bags in Unjha today. Arrivals normally surge to
around 60000/80000 bags during this time as harvest season hits peak.
Harvesting has been affected on late rains in Rajasthan and overall output
could suffer. According to a latest update from the Agriculture Ministry there
has been an increase in the area under Rabi crop coverage that was affected
by unseasonal rainfall and hailstorms from late February to early April. The
revised figure on the basis of State-wise data has more than doubled from the
April 16 estimate of 93.82 lakh hectares (lh) and as stands at 189.81 lakh
hectares (lh) as of April 24. The change is mainly because of the change in
data with reference to Uttar Pradesh, Rajasthan and Bihar.
 Turmeric futures ared the prior gains on long liquidations. The NCDEX
turmeric for the May delivery ended the day at Rs 8342, down Rs 328 or
3.76%. Daily arrivals plummeted sharply and are lower than same period last
year. The commodity has stayed supported after falling to seven week low
last week one month back as upcountry demand supported. However, over a
medium term, traders are expecting further decline in the coming days due to
possibility of new supplies from other producing states, primarily in
Karnataka in near term. Spot prices are quoting at Rs 8100 per quintal, up Rs
100 per quintal on the day.Turmeric futures touched two weeks high of Rs
8870 per quintal last day on strong demand amid weak arrivals. The counter
drifted lower as liquidation emerged in the counter. The counter ended the
day at Rs 8342, down Rs 328 or 3.76% and the open interest dipped 4190
tonnes to 20345 tonnes, indicating profit selling.
 Supplies from Rajasthan and MP are moderating. Chana spurt further
today and broke above Rs 4300 per quintal mark in Delhi. Spot rates linger
at Rs 4309 per quintal, up Rs 50 per quintal in Delhi as some traders feared
that a hefty rise in spot rates could prompt introduction of stock limit on the
commodity. Overall demand for pulses remains good. The Chana arrivals
dropped to 30 trucks and futures prices also edged up. Reports are stating
that crop which was sown early is likely to have endured some losses
following the recent burst of rains.

5. 5
Fundamental Watch : Chana
CHANA ARRIVALS AT KEY SPOT
MARKET
National Market Update
 Indian farmers have cultivated 146 lakh hectares pulse crops during the rabi season.
Out of this chana acreage is near 85 lakh hectares. Pules production is estimated to fall
to 184.3 lakh tons in 2014-15 due to less acreage. Last year 197.8 lakh tons of pulses
were produced in the country. Chana production estimated at 8.28 million tons vs 9.53
million tons last year. Urad production expected to shrink by 5% to 16.10 lakh tons
from 17 lakh tons. Moong production to fall to 14 lakh tons from 16.10 lakh tons.
Maharashtra state govt. has removed the limit for oilseeds, edible oils and pulses on
the recent recommendation by central govt. this week. The earlier limit for oilseeds
and pulses were 200 tonne each under municipal limit and around 80 tonne elsewhere.
It is being seen as a great relief for state trading community dealing with pulses and
oilseeds. Despite removal of stock limit market may turn bullish as big traders may
start cornering the stock to drag market in their own favor. As per 2nd Advance
Estimates for 2014-15, total foodgrains production in India is estimated at 257.07
million tons– lower by 3% w.r.t. 265.57 million tons previous year. With Maharashtra
Govt removing stock limits on Pulses, it could give further boost to the
prices.Production of pulses estimated at 18.43 million tonnes is lower by 1.35 million
tonnes than the last year’s production.
 Field pea exports from France during the month of February totaled 10,927 metric
tons (MT) which is down by 19% from the 13,700 MT shipped in the month of
January, and down 11% from the 12,470 MT shipped the same month last year.
Shipments so far this season are down 36% at 83,555 MT. Most peas were shipped to
European destinations, with Belgium the most important, followed by Switzerland and
Italy. No field pea shipments were reported to Egypt or the Indian subcontinent.
USDA's Commodity Credit Corporation released purchase tender for 210 metric tonne
(MT) of pulses for May -June shipment. Record Field Pea Area Expected in USA.
According to the USDA's seeding intentions report for 2015. As per USDA, expected
pulses production in US is up by 8% to 2,232,630 MT during 2014 from last year.
Reports from Canada indicate chickpea production there expected to fall to 0.14
million MT in 2014-15—down from 0.18 million MT in 2013-14due to lower yield. In
order to keep prices for Pulses under check, the Govt has decided to extent duty-free
imports till Sept. Unseasonal rain in March brought a heavy loss to crops of pulses.
CENTER 29-Apr-15 28-Apr-15 Change
AJMER 600 450 +150
ALWAR 5000 5000 UNCH
ASHOK
NAGAR
2500 1500 +1000
KOTA 1700 1200 +500
VIJAYWADA 1200 2000 -800
AKOLA 2000 2000 UNCH
JALGOAN 700 NA -

6. Technical Outlook
6
SELL CORIANDER MAY BELOW 10025 TARGET 10000 9960 SL
ABOVE 10050
SELL GUARGUM MAY BELOW 11430 TARGET 11380 11320 SL
ABOVE 11490
BUY TURMERIC MAY ABOVE 8430 TARGET 8470 8530 SL
BELOW 8370
SELL CASTORSEED MAY BELOW 3645 TARGET 3620 3590 SL
ABOVE 3670

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