1. DAILY AGRI COMMODITY REPORT
06 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 7270 7310 7140 7160 -1.65 9415
INTRADAY
LEVELS
SUPPORT SUPP. 1
7097
SUPP. 2
7033
PIVOT
7203
Turmeric short term
trend is down and May
continue in coming
days.RESISTAN
CE
RES. 1
7267
RES. 2
7373
CORIANDER
AUG 12089 12145 11944 11995 -0.54 14700
INTRADAY
LEVELS
SUPPORT SUPP.1
11911
SUPP. 2
11827
PIVOT
12028
Coriander short term
trend is down and May
continue in coming
days.RESISTAN
CE
RES. 1
12112
RES. 2
12229
GUARGUM
JULY 10660 10860 10240 10310 -3.28 13491
INTRADAY
LEVELS
SUPPORT SUPP. 1
9850
SUPP. 2
10080
PIVOT
10470
Guargum short term
trend is down and May
continue in coming
days.RESISTAN
CE
RES. 1
10700
RES. 2
11090
CASTORSEED
AUG 4110 4110 4053 4079 -0.32 28800
INTRADAY
LEVELS
SUPPORT SUPP. 1
4051
SUPP. 2
4024
PIVOT
4081
Castorseed short term
trend is down and May
continue in coming
day.RESISTAN
CE
RES. 1
4108
RES. 2
4138

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4079 4092 -0.32
CHANA 4217 4229 -0.28
CORIANDER 11995 12060 -0.54
GUARGUM 10310 10660 -3.28
JEERA 15885 16190 -1.88
MUSTARD
SEED
4174 4231 -1.35
SOYABEAN 3550 3626 -2.10
TURMERIC 7160 7280 -1.65
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
SOYABEAN 20-08-2015 3556.00 -79.00 -2.17%
TURMERIC 20-07-2015 7142.00 -144.00 -1.98%
RAPESEED-MUSTARD
SEED
20-07-2015 4170.00 -67.00 -1.58%
JEERA 20-07-2015 15835.00 -245.00 -1.52%
CORIANDER 20-07-2015 11806.00 -97.00 -0.81%
BARLEY 20-07-2015 1208.00 -9.00 -0.74%
CHANA 20-07-2015 4210.00 -19.00 -0.45%
COTTON SEED OIL CAKE
AKOLA
20-07-2015 1793.00 -8.00 -0.44%
CASTOR SEED NEW 20-07-2015 3990.00 -13.00 -0.32%
REFINED SOY OIL 20-08-2015 584.00 -0.30 -0.05%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %

4. Commodities In News
4
ECONOMIC NEWS
 With an eye on improving farm productivity, the government will spend
Rs 50,000 crore over the next five years under the Pradhan Mantri Krishi
Sinchai Yojana (PMKSY)."It has been decided that in 5 years, Rs 50,000
crore from the central Budget would be utilised for the Pradhan Mantri
Krishi Sinchai Yojana. States' share will be over and above this," Finance
Minister Arun Jaitley said while communicating the Cabinet decision.The
decision was taken at the meeting of Cabinet Committee on Economic
Affairs (CCEA) headed by Prime Minister Narendra Modi.For the current
fiscal, he said the allocation is Rs 5,300 crore.The spending this year is
expected to bring an additional 6 lakh hectares under irrigation while 5 lakh
hectares will benefit from drip irrigation. That apart, 1,300 watershed
projects have been marked for completion.Currently, 142 million hectares
are used for cultivation, of which only 45 per cent farm land is under
irrigation."The major objective of the PMKSY is to achieve convergence
of investments in irrigation at the field level, expand cultivable area under
assured irrigation (har khet ko pani), improve on-farm water use efficiency
to reduce wastage of water, enhance adoption of precision-irrigation and
other water-saving technologies (more crop per drop)," he said.Besides, the
FM said the scheme is aimed at enhancing recharge of aquifers and
introducing sustainable water conservation practices by exploring
feasibility of re-using treated municipal water for peri-urban agriculture
and attracting greater private investment in precision irrigation."The
scheme also aims at bringing ministries, departments, agencies, research
and financial institutions engaged in creation/recycling/potential recycling
of water under a common platform so that a comprehensive and holistic
view of the entire "water cycle" is taken into account and proper water
budgeting is done for all sectors," he said.The programme architecture of
PMKSY looks at a 'decentralised state-level planning and execution'
structure in order to allow states to draw up a District Irrigation Plan (DIP)
and a State Irrigation Plan ( SIP), he said.All structures created under the
schemes will be geo-tagged, he added.
 The International Cotton Advisory Committee underlined the threat
to hopes for cotton price stability posed by China's selldown of its huge
inventories, heralding 2015-16 as another season of uncertainty.The
intergovernmental group restated a forecast for cotton prices, as
measured by the Cotlook A index of physical values, averaging 72
cents a pound in 2015-16, which starts in August.International cotton
prices may remain stable, the committee said, with the price for this
season looking like averaging 71 cents a pound.However, the ICAC
added that the price outlook will depend in part on changes in world
cotton stocks, which will in turn rely to a great extent on the dynamics
of inventories in China, where the government stockpile is estimated at
11.3m tonnes, more than half the world total. China last month
announced that it was planning to start selling its stockpiles... at a price
close to the current market price in the hopes of keeping the market
stable, the ICAC said.
 Turmeric settled up amid arrivals of good quality turmeric but
demand from north Indian is still awaited. There is a sufficient
carryover stocks in domestic market to service the domestic demand.
Sowing of Turmeric in AP for the 2014-15 season is reported at 0.13
lakh ha, as against 0.1 lakh ha last year. The area in Telangana stood at
0.446 lakh ha against 0.431 lakh ha last year. There are also reports of
stockists reportedly holding on to the stocks in anticipation of a
recovery in price. Agriculture Department estimates put turmeric
production this year at around 3.7 million bags compared with 5.2
million bags a year ago.As per the Spice Board of India, turmeric
exports rose 8% in 2014-15. In the early nine months of the fiscal year
India exported 65,000 tons of turmeric against 60,000 tons in the
corresponding period a year ago while its target is 80,000 tons. As per
Spice board of India, the export for the 2014-15 is 86,000 tonnes worth
Rs 744.35 crore compared to 77,500 tonnes and Rs 666.75 crore in
FY14.

5. 5
Fundamental Watch : Castorseed
CASTORSEED ARRIVALS AT KEY SPOT
MARKET
National Market Update
 Sowing would pick up from mid July in Gujarat. Overall, 0.022 thousand
ha. has been covered under castor seed so far, which is running ahead by 0.004
thousand ha. till date.
Castor Oil (First Grade) FOB Kandla (Export) quotes decreased
considerably by $15 per tonne in last one week. It decreased from $1290 to
$1275 per tonne last week. It is almost 3.54 percent lower than June ,2014
price. It was ruling at $1445 per tonne in June 2014. Castor oil FOB Kandla
price in May 2015 was ruling at $1290.
Agriculture statistics Division, DES has released Third Adv estimates of
Production of foodgrains for 2014-15 on 13.05 2015.It has revised castor
production estimate down by 87 thousand tonne to 18.24 lakh tonne. In second
Adv Est. castor production was estimated at 19.11 lakh tonne. The minor
decrease in third Adv . Est is mainly attributed to inclement weather and yield
loss.
Castor meal export during 22 to 28 ,June was registered at 13741.96 tonne at
an Ave FoB at$ 143.26 per tonne. It is almost 60 percent lower than the
volume exported in the third week.The highest and lowest FoB were recorded
at $207 &$102 per tonne.
This year (April,2015 to March,2016) the export volume is expected to be
around 5 lakh tonne despite economic slowdown in Europe, the second biggest
buyer/consumer of Indian castor oil. China would continue to maintain its
previous status of prime buyer this year too, may end up over 2 lakh tonne oil
import. The third biggest buyer, US may buy 60,000 tonne castor oil this year.
CENTER 3-July-15 2-July-15 Change
PATAN 2250 1875 +375
HARJI 450 600 -150
KADI 1160 960 +200
DEESA 1200 Closed -
BHABHAR 1575 Closed -
MEHSANA 400 480 -80
RAJKOT 280 260 +20

6. Technical Outlook
6
SELL CORIANDER AUG BELOW 11967 TARGET 11942 11902 SL
ABOVE 11997
SELL GUARGUM JULY BELOW 10170 TARGET 10120 10050 SL
ABOVE 10230
SELL TURMERIC JULY BELOW 7140 TARGET 7100 7040 SL
ABOVE 7200
SELL CASTORSEED AUG BELOW 4053 TARGET 4028 3998 SL
ABOVE 4083

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