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1. DAILY AGRI COMMODITY REPORT
03 July 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
JULY 7014 7294 6996 7286 +3.88 14025
INTRADAY
LEVELS
SUPPORT SUPP. 1
7090
SUPP. 2
6894
PIVOT
7192
Turmeric short term
trend is up and May
continue in coming
days.RESISTAN
CE
RES. 1
7388
RES. 2
7490
CORIANDER
JULY 11823 12025 11823 11903 -0.28 4970
INTRADAY
LEVELS
SUPPORT SUPP.1
11809
SUPP. 2
11715
PIVOT
11917
Coriander short term
trend is up and May
continue in coming
days.RESISTAN
CE
RES. 1
12011
RES. 2
12119
GUARGUM
JULY 10250 10660 10070 10660 +4.00 11038
INTRADAY
LEVELS
SUPPORT SUPP. 1
10267
SUPP. 2
9873
PIVOT
10463
Guargum short term
trend is up and May
continue in coming
days.RESISTAN
CE
RES. 1
10857
RES. 2
11053
CASTORSEED
JULY 4010 4035 3984 4003 -0.27 32470
INTRADAY
LEVELS
SUPPORT SUPP. 1
3980
SUPP. 2
3956
PIVOT
4007
Castorseed short term
trend is up and May
continue in coming
day.RESISTAN
CE
RES. 1
4031
RES. 2
4058
3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4003 4014 -0.27
CHANA 4229 4248 -0.45
CORIANDER 11903 11937 -0.28
GUARGUM 10660 10250 +4.00
JEERA 16080 15905 +1.10
MUSTARD
SEED
4237 4253 -0.38
SOYABEAN 3635 3644 -0.25
TURMERIC 7286 7014 +3.88
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CHANA 20-07-2015 4230.00 -19.00 -0.45%
CORIANDER 20-07-2015 11900.00 -52.00 -0.44%
RAPESEED-MUSTARD
SEED
20-07-2015 4234.00 -12.00 -0.28%
CASTOR SEED NEW 20-07-2015 4003.00 -11.00 -0.27%
SOYABEAN 20-08-2015 3624.00 -6.00 -0.17%
BARLEY 20-07-2015 1218.00 -0.50 -0.04%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
TURMERIC 20-07-2015 7276.00 254.00 3.62%
JEERA 20-07-2015 16175.00 280.00 1.76%
REFINED SOY OIL 20-08-2015 586.20 2.10 0.36%
COTTON SEED OIL CAKE
AKOLA
20-07-2015 1799.00 2.00 0.11%
4. Commodities In News
4
ECONOMIC NEWS
With Prime Minister Narendra Modi lending currency to 'second green
revolution', experts feel that technology intervention and improvement in
infrastructure are key to higher agricultural production."Conventional
cultivation will not be able to meet the food demand of our growing
population. Shrinking land, declining water level, environmental problem
can only be addressed through technology intervention. This is where
biotechnology, genetically modified (GM) crops and marker assisted
breeding technology will help," G Padmanaban of Indian Institute of
Science (IISc), Bangalore, told a leading newspapaer.He said statistics of
the last three years showed that the yield has declined and the rate of
population growth is faster than the agriculture growth.India is going to
exceed China in population growth in 15-20 years and reach 1.6 billion by
2030, he predicted.He was also of the view that green revolution and
technology use should not be region-specific."Technology should be used
across the country, but the variety of the crops should be region-specific,
depending on the soil condition of that region," he added.Indian Council of
Agricultural Research (ICAR) Director Dr K C Bansal couldn't agree more.
He said the 'second green revolution' is essentially required to meet the
growing demand of people both due to increase in population and income
levels.Biotechnology, he felt, has a major role to play in ushering in second
green revolution in a sustainable way and this could be termed as 'green
green revolution'."With the advent of modern tools of biotechnology, it has
become possible to address those challenges of agriculture like climate
change, control of pests or malnutrition, which have been difficult to be
overcome by conventional plant breeding methods."Globally, GM crop
technology has fuelled development of transgenic crops with traits such as
resistance to insects, herbicides and enhanced nutritional quality in several
crops," he added.
NCDEX Guarseed futures rose yesterday amid good bargain buying
after latest losses. Traders are still seeking some clarity on the
performance of the monsoon in July- August period.Major spices also
witnessed some gains today amid good demand in spot markets. The
sentiments in agri commodities space continue to be dominated by
Kharif harvest and afurther drop has emerged yesterday in Guar. Chana
also moderated a bit after recent gains astraders eyed the Kharif pulses
sowing.NCDEX Guarseed futures for July tested a one week low under
Rs 4300 per quintal mark. The counter edged up from these levels and
scored further gains yesterday. The contract trades on a firm note at Rs
4403 per quintal, up 2.79% on the day. NCDEX Guargum futures for
October are trading at Rs 10780 per tonne, up 2% on yesterday.
Laxman Singh Rathore, director general of India Meteorological
Department (IMD) stated that the rainfall could be deficient by eight
and 10 per cent in July and August,respectively, according to media
reports. Monsoon has witnessed a good start this season,despite worries
over the course of rainfall before the start of the season. The total
rainfall from June 1 to June 28 was 19% more than normal.
NCDEX Jeera futures for July tumbled heavily in last two sessions
after nearing Rs 16700 per quintal mark. Traders are still not sure about
the global markets. The export quotes for Jeera are steady around $3.7
per kg over last few weeks and the volumes have been thin.Turmeric
gained too, recovering after the recent sideways movement as bargain
buying trickled in around Rs 6800 per quintal mark for NCDEX July
futures.
Chana dropped in volatile trade after the Rajasthan Government
revises higher stock limitson pulses. The government has raised pulses'
stock limit and the timeline for stockists to adhere to the new norms
under the immense pressure from traders community. As the
deadlinehas extended by a week to July 15, the stock limit has been
revised higher to 400 tonnes against the earlier 250 tonnes.
5. 5
Fundamental Watch : Sugar
SUGAR PRICES AT KEY SPOT MARKETNational Market Update
The Cabinet Committee on Economic Affairs (CCEA) announced interest
free loan worth Rs 6000 crore to the Indian sugar millers who had accrued
pending cane arrears to the local farmers in the country.
The Telengana govt. is expected to impose entry tax on sugar import as the
neighboring states such as Karnataka, Maharashtra and Tamil Nadu are
dumping their excessive sugar onto the state leading to a further fall in local
sugar prices.
India’s sugar export rose 90% from last week as the country exported 86.1
thousand tons of sugar for the week ending 28th Jun, 2015 compared to 45.3
thousand tons sugar the previous week.
The Karnataka govt. had put forthward a proposal to the centre asking for a
subsidy of Rs 900 crore which could be utilized for meeting up the pending
cane arrears by local sugar millers in the state.
The Indonesian Sugar Association forecasted the country’s total sugar
(white) production in between 2.45-2.60 million tons for 2015-16 which was
last recorded at 2.58 million tons in 2014-15.
As per the latest data released by Brazil’s Trade Ministry, the country
exported 1.50 MT of raw sugar in June, 2015 which was 0.79% higher than
the export made last year in June, 2014. In a bid to support local cane millers,
the Brazilian govt. had raised import tariff on ethanol from 9.25 per cent at
present to 11.75 per cent. The step is likely to boost the domestic ethanol
production while combating the mass shipment from largest ethanol producer
U.S.
CENTER 2-July-15 1-July-15 Change
DELHI 2475 2475 UNCH
MUMBAI 2566 2566 UNCH
VIJAYWADA 2640 2640 UNCH
NAGPUR 2350 2350 UNCH
CHENNAI 2250 2250 UNCH
AMBIKAPUR 2835 2835 UNCH
DHAMPUR 2390 2390 UNCH
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