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1. DAILY AGRI COMMODITY REPORT 31 OCTOBER 2014
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2. Market Views
2
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
DHANIYA
NOV
12125
12251
11920
11943
-1.50
17730
INTRADAY LEVELS
SUPPORT
SUPP.1
11999
SUPP. 2
11872
PIVOT
12078
Dhaniya shortterm trend is up , further more upsideis expected in comimg days.
RESISTANCE
RES. 1
12205
RES. 2
12284
CASTORSEED
NOV
4770
4833
4756
4820
+1.95
166880
INTRADAY LEVELS
SUPPORT
SUPP. 1
4701
SUPP. 2
4673
PIVOT
4727
Castorseed short term trend is up,Prices expected to go up in coming days.
RESISTANCE
RES. 1
4755
RES. 2
4781
TURMERIC
NOV
6152
6344
6152
6240
+1.04
6695
INTRADAY LEVELS
SUPPORT
SUPP. 1
6111
SUPP. 2
6047
PIVOT
6151
Turmeric shortterm trend is up and may continue in coming days.
RESISTANCE
RES. 1
6215
RES. 2
6255
GUARGUM
NOV
15780
15890
15480
15540
-1.52
5209
INTRADAY LEVELS
SUPPORT
SUPP. 1
15703
SUPP. 2
15627
PIVOT
15827
Guargum Short term trend is downExpecting price may go downin coming days.
RESISTANCE
RES. 1
15903
RES. 2
16027

3. Most Active Contract
3
TOP GAINERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
CHANA
20-11-2014
3136.00
86.00
2.82%
GUR
20-11-2014
1009.00
16.00
1.61%
CASTOR SEED NEW
20-11-2014
4820.00
74.00
1.56%
TURMERIC
20-11-2014
6240.00
50.00
0.81%
JEERA
20-11-2014
11450.00
55.00
0.48%
SOYABEAN
20-11-2014
3280.00
8.00
0.24%
TOP LOSERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
CORIANDER
20-11-2014
11943.00
-196.00
-1.61%
REFINED SOY OIL
20-11-2014
601.40
-5.85
-0.96%
BARLEY
20-11-2014
1585.00
-6.00
-0.38%
COTTON SEED OIL CAKE AKOLA
19-12-2014
1381.00
-3.00
-0.22%
NCDEX INDICES
Index
Value
Pre. Close
% Change
CASTORSEED
4820
4728
1.95
CHANA
3136
3043
3.06
CORIANDER
11943
12125
-1.5
SUGAR
2805
2811
-0.21
JEERA
11450
11375
0.66
MUSTARD SEED
3733
3737
-0.11
SOYABEAN
3280
3273
0.21
TURMERIC
6240
6176
1.04

4. Commodities In News
4
ECONOMIC NEWS
IndiaSugaroutputestimatesforthenewseasonindicatesasupplyglut.Accordingtothefirstadvanceestimates,sugarproductionisexpectedtobearound250.46lakhtonsduring2014-15whichwouldbesufficienttomeettheestimateddomesticrequirementof245lakhtonsduringtheperiod.Thesugarproductionduringtheprevioussugarseason(2013-14)isprovisionallyestimatedtobe245.54lakhtons.ThedatahasbeenreleasedbytheDepartmentofAgricultureandCooperationanddiscussionwiththeCaneCommissionersoftheStates.TheDepartmentofFoodandPublicDistributionorganizedaconferenceofCaneCommissionersofthesugarproducingStatesonWednesdaytodiscussexpectedproductioninthesugarseason2014-15andotherissuesrelatedtothesugarindustry.
Thegovernmenthasraisedminimumsupportprice(MSP) forwheatbyRs50toRs1,450perquintaltoencouragefarmerstoplantmoreofthestapleintheongoingrabiorwinter-sownseason.ItalsoincreasedtheMSPforothercropsrangingfrommustardtobarleyandsafflowerbyRs50aquintal.TheCabinetCommitteeonEconomicAffairschairedbythePrimeMinisterNarendraModiapprovedtheminimumsupportpricesforrabicropsinthe2014-15seasontobemarketedin2015-16onWednesday.Aweekago,EThadreportedthattheincreasewillamountto4-5%morethanthepreviousyearatatimewhengovernmentistryingtocontrolinflationandkeepacheckonrisingfoodprices.TheincreasesarebasedontherecommendationsoftheCACP."Thiswillhelpinhigherproductionthroughassuredremunerativepricestothefarmers,"saidanofficialstatement.
Chanafuturesaretrackingapositivetrendonimproveddemandanddecliningarrivalpressure.ChanaNovembercontractwentup1.54%to3090levelsatIndia'sNationalCommodity&DerivativesExchangeLimitedSlowstarttotherabipulsessowingalsolentsupporttotheprices.However,amplesuppliesofchana,importsofyellowpeasandarrivalpressureofkharifpulsescappedsharpgains.TheCCEAhassetMSPfor2014-15atRs.3175/qtlfrom3100lastyear.Priceshavedeclinedoverthelastfewmonthsonsluggishdemandinthephysicalmarketscoupledwithrecordchanaoutputin2013-14.AccordingtotheMinistryofAgriculture,sowingofrabipulsesason24thOctoberstandsat3.31lakhhaasagainst3.78lakhhalastyear.Sowingofkharifpulsesstoodat10.23mnhaasagainst10.91mnhalastyear.CCEAincreasedtheMSPofturanduradbyRs.50toRs.4,350each,whiletheMSPofmoongwasincreasedbyRs.100toRs.4,600/qtl.The4thAdvanceEstimatespeggedtotalpulsesoutputfor2013-14at19.27mntn,upfrom18.34mntnearlier.1stadvanceestimateshavepeggedkharifpulsesoutputat5.2mntn,downfrom6.02mntnlast.
CastorSeedfuturesweretradingonapositivenoteonThursdayatNationalCommodityandDerivativesExchange(NCDEX).CastorSeedNovemberfuturesrose2%to4823levelatNCDEX.OnWednesday,Castorseedpricesinthespotmarketimprovedonthebackofgooddemandfromshippersandstockistsonhopesexportdemandwillemerge.About30,000-35,000bagsofcastorseedarrivedinGujaratandpriceswereupbyRs.10toRs880-890foramaundof20kg.Around2,300-2,400bagsarrivedinSaurashtraandpricesimprovedbyRs5to?815-825amaund.GooddemandalsoliftedcastoroilpricesbyRs10to?885.TraderssaidthatexportdemandhasbeengoodafterDiwali.Ontheotherhand,sellingbyfarmershasincreasedduetorisingpricesinGujaratoverthelasttwodays.

5. 5
FundamentalWatch : Sugar
SUGAR PRICES KEY SPOT MARKET
Steadysentimentsrecordedinkeysugarspotmarketstoday. Lacklustertradeandsluggishdemandledthepricessteadytoweakfortheday.SugarcanecommissionsofMaharashtra,U.PandKarnatakaestimatedasugarproductionof9.1,6.2and4.2milliontonsthismarketingyear2014-15.Also,thetotalIndianproductionforthesameperiodisevaluatedasmorethan25milliontonsbythecommissions.Totalaround14538bagsofgurstoredincoldstoragestill27thOct,2014lowercomparedto21599bagsatsameperiodlastyear.GurpricesfelldownandareexpectedtoscrolldownfurtheramidstgoodstockavailabilityintheMaharashtramarkets.ItisnotablethatcanehasdivertedmoretowardsgurproductioninPuneandSangliareathisyear.Inadditiontoit,marketparticipantsisexpectingearlyarrivalsofgurforthenextmarketingyearwhichdrivethepricessouthwardsinthemediumterm.AspertheUNICAreport, BraziliansugarproductionpacedupinthefirsthalfofOctoberasthecentralsouthregionproduced2.37milliontonsofsugarcomparedto1.64milliontonsinlateSeptember.Thiswasduetothehotanddryweatherconditionprevailinginthecountrywhichfavorsbettercanecrushinginthecountry.Inadditiontoitlowercaneyieldurgesmillerstofastentheircrushingoperationtocurbforthelossofcanerecovery.China’ssugarimportdeclined39%y-o-yfrom0.59milliontonsto0.36milliontonsinthemonthofSeptember.Similarly,adepreciatingdomesticcurrencyandamplestockbuildupwithinthenationcausedtotalimportstofallby17.8%to2.4milliontonsin2014(Jan-Sep).
CENTER
30-Oct-14
29-Oct-14
%Change
DELHI
3095
3095
UNCH
DHAMPUR
3060
NA
-
MUMBAI
3172
3172
UNCH
KOLHAPUR
2900
2900
UNCH
VIJAYWADA
3480
3480
UNCH
NAGPUR
3250
3250
UNCH
KOLKATA
NA
3180
-

6. Technical Outlook
6
SELL DHANIYA NOV BELOW 11900 TGTS 11870,11820 SL 11950
SELL GUARGUM NOV BELOW 15470 TGTS 15420,15320 SL 15550
BUY CASTORSEED NOV ABOVE 4840 TGTS 4870,4920 SL 4800
BUY TMC NOV ABOVE 6255 TGTS 6300,6400 SL 6160

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