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1. DAILY AGRI COMMODITY REPORT
30 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 8780 8970 8712 8900 +0.59 13890
INTRADAY
LEVELS
SUPPORT SUPP. 1
8751
SUPP. 2
8603
PIVOT
8861
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
9009
RES. 2
9119
CORIANDER
NOV 9300 9488 9100 9445 +2.56 11190
INTRADAY
LEVELS
SUPPORT SUPP.1
9200
SUPP. 2
8957
PIVOT
9344
Coriander short term
trend is bullish and May
continue in coming
days.RESISTAN
CE
RES. 1
9587
RES. 2
9732
GUARGUM
NOV 8180 8300 8180 8230 +0.86 10472
INTRADAY
LEVELS
SUPPORT SUPP. 1
8167
SUPP. 2
8113
PIVOT
8233
Guargum short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
8287
RES. 2
8353
CASTORSEED
NOV 4247 4308 4210 4282 +0.59 152500
INTRADAY
LEVELS
SUPPORT SUPP. 1
4225
SUPP. 2
4169
PIVOT
4267
Castorseed short term
trend is bullish and
May continue in
coming day.RESISTAN
CE
RES. 1
4323
RES. 2
4365

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4282 4257 +0.59
CHANA 4743 4773 -0.63
CORIANDER 9445 9209 +2.56
GUARGUM 8230 8160 +0.86
JEERA 16010 15960 +0.31
MUSTARD
SEED
4963 4983 -0.40
SOYABEAN 3915 3958 -1.09
TURMERIC 8900 8848 +0.59
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
SOYABEAN 20-11-2015 3915.00 -54.00 -1.36%
COTTON SEED OIL CAKE
AKOLA
18-12-2015 1662.00 -16.00 -0.95%
CHANA 20-11-2015 4743.00 -42.00 -0.88%
RAPESEED-MUSTARD
SEED
20-11-2015 4963.00 -6.00 -0.12%
REFINED SOY OIL 20-11-2015 626.20 -0.40 -0.06%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CORIANDER 20-11-2015 9445.00 270.00 2.94%
BARLEY 20-11-2015 1470.00 22.00 1.52%
TURMERIC 20-11-2015 8900.00 90.00 1.02%
CASTOR SEED NEW 20-11-2015 4282.00 27.00 0.63%
JEERA 20-11-2015 16010.00 65.00 0.41%

4. Commodities In News
4
ECONOMIC NEWS
India's largest public sector trading body, MMTC, which recently
imported huge quantities of onions to meet a shortage in the domestic
market, is facing a unique problem. Since the retail prices have declined
significantly across the country in the past one-and-a-half months, the
agency is hardly finding any takers for around 1,600 tonne of onion, which
were imported from Egypt and China.Sources said the agency is offering
the stock at Rs 15 per kg while the cost of imported onion was around Rs
44-45 per kg. MMTC, in fact, floated a tender to dispose off the imported
key kitchen item to the domestic buyers, which may otherwise rot.On
Wednesday, the average retail price of onion in India was Rs 35 in
comparison to Rs 60 on September 1. The range of decline in prices was
between Rs 5 and Rs 37 per kg because of increased supply of local
produce to mandis. "The supply will increase further as huge quantity of
fresh produce from Maharashtra, MP and Rajasthan reach mandis in the
next couple of weeks. When you have local produce available in the market
at affordable rates, people won't buy imported onions, which are big and
not that tasty," a government source said.The MMTC tender document
mentioned that the imported onion would be offered at "as in where is
basis" to domestic bulk buyers. Officials said that MMTC is offering a
lower price only to ensure as much as it can sell off rather than the entire
stock going waste. A newspaper has learnt that MMTC, which was tasked
to import onion, would be compensated from the price stabilisation
fund.After Nafed failed to import onions inJuly-August, the Centre had
asked MMTC to import 10,000 tonne of the commodity to meet the
shortage and to cool down prices. MMTC managed to import 2,000 tonne.
While MMTC floated a tender in the first week of September it received
1,600 tonne only by last week.MMTC's onion dilemma has again revealed
the need for a proper and robust mechanism to quickly import critical food
items in case of a shortage. Else, by the time the imports hit the market, the
local produce would have staged a return nullifying the effort of the
government and causing a waste of money and resources.
Chana settled up on account of festival season demand in the spot
market. However, some gains were capped by fear of government's
raids on hoarders as markets look set for further fall in price till pulses
rates come down to reasonable levels. The Centre said that 6,077 de-
hoarding raids had been carried out across India in an effort to rein in
the prices of pulses. About 75,000 tonnes of pulses have been
recovered from hoarders so far, said an official statement, and States
had been asked to meet with millers, wholesalers and retailers to make
pulses available in markets 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. Government data is yet to reflect a significant price
decline yet with rates for tur and urad continuing to remain higher than
even a week or a year ago.
Soyabean settled up amid late short covering after prices dropped on
account of improved arrivals of freshly harvested crops from the major
producing belts and lack of soymeal exports inquiries. Prices also seen
supported on expectation of lower production due to erratic rainfall in
the top two producing states. According to the Central Organisation for
Oil Industry & Trade (COOIT) soybean area under cultivation for the
year 2015-16 is estimated to stood at 11.6 million tons compared to
10.9 million tons for the same period a month ago.India soymeal
exports during Apr-Sep dropped 61.50% from a year earlier on higher
prices of the soybean in the local market, data released from Solvent
Extractors Association of India (SEA) showed. Soybean oilmeal
exports dropped to a historical low during Apr-Sep to 42,743 tons
compared to 111,027 tons for the corresponding period a year earlier,
data from SEA of India showed. The conditions should allow many
growers to wrap up their soybean harvest in the next week or so.
Farmers have been reporting huge soybean yields throughout harvest,
adding to the already ample global supply base.

5. 5
Fundamental Watch : Sugar
SUGAR PRICES AT KEY SPOT MARKETNational Market Update
India exported 49.6 thousand tons of sugar in the week ending on 25th Oct,
2015 while imported 33.5 thousand tons of sugar during the same interval.
The Indian government forecasted a total sugar production of 26 MT in
India during marketing year 2015-16 (01st Oct, 2015 – 30th Sep, 2016),
wherein Maharashtra, Uttar Pradesh and Karnataka are expected to produce
8.6 MT, 7.2 MT and 4.0 MT of sugar respectively.
Rabobank had predicted a global sugar supply deficit of 4.8 MT in 2015-16
compared to 3.7 MT of surplus in 2014-15.
Czarnikow and Platts Kingsman projected a global sugar deficit of 4.1 MT
and 3.2 MT in 2015-16 as against a surplus of 3.8 MT and 3.7 MT in 2014-15.
Brazil’s raw sugar export declined by 4.3% this month as the country
exported 1.41 MT of sugar in September, 2015 compared to 1.48 MT of sugar
last month in August, 2015.
Brazil’s CS region had churned around 2.09 MT of sugar in the first half of
October, 2015 compared to 2.39 MT of sugar in the second half of September,
2015.
Australia sugar production is expected to rise to 5.0 MT in 2015-16 which
was earlier estimated at 4.8 MT in April this year.
As per the Indonesian Sugar Association, the country is expected to import
100,000 tons of white sugar in 2015 due to the negative El-Nino effect on their
cane crop.
CENTER 29-Oct-15 28-Oct-15 Change
DELHI 2870 2860 +10
MUMBAI 2902 2902 UNCH
VIJAYWADA 3060 3060 UNCH
NAGPUR 2900 2900 UNCH
CHENNAI 2775 2775 UNCH
AMBIKAPUR 2835 2835 UNCH
DHAMPUR 2800 2800 UNCH

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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