1. DAILY AGRI COMMODITY REPORT
07 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 7184 7348 7170 7250 +1.26 8645
INTRADAY
LEVELS
SUPPORT SUPP. 1
7164
SUPP. 2
7078
PIVOT
7256
Turmeric short term
trend is down and May
continue in coming
days.RESISTAN
CE
RES. 1
7342
RES. 2
7434
CORIANDER
AUG 11988 12300 11930 12259 +2.30 13080
INTRADAY
LEVELS
SUPPORT SUPP.1
12026
SUPP. 2
11793
PIVOT
12163
Coriander short term
trend is up and May
continue in coming
days.RESISTAN
CE
RES. 1
12396
RES. 2
12533
GUARGUM
JULY 10410 10580 10110 10250 -0.58 9562
INTRADAY
LEVELS
SUPPORT SUPP. 1
10047
SUPP. 2
9843
PIVOT
10313
Guargum short term
trend is down and May
continue in coming
days.RESISTAN
CE
RES. 1
10517
RES. 2
10783
CASTORSEED
AUG 4072 4100 3985 4033 -1.20 47360
INTRADAY
LEVELS
SUPPORT SUPP. 1
3979
SUPP. 2
3924
PIVOT
4039
Castorseed short term
trend is down and May
continue in coming
day.RESISTAN
CE
RES. 1
4094
RES. 2
4154

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4033 4082 -1.2
CHANA 4275 4214 +1.45
CORIANDER 12259 11983 +2.30
GUARGUM 10250 10310 -0.58
JEERA 16100 15830 +1.71
MUSTARD
SEED
4210 4219 -0.21
SOYABEAN 3497 3552 -1.55
TURMERIC 7250 7160 +1.26
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
SOYABEAN 20-08-2015 3497.00 -138.00 -3.80%
CASTOR SEED NEW 20-07-2015 3932.00 -71.00 -1.77%
RAPESEED-MUSTARD
SEED
20-07-2015 4170.00 -67.00 -1.58%
BARLEY 20-07-2015 1206.00 -11.00 -0.90%
REFINED SOY OIL 20-08-2015 580.75 -3.55 -0.61%
TURMERIC 20-07-2015 7250.00 -36.00 -0.49%
COTTON SEED OIL CAKE
AKOLA
20-07-2015 1795.00 -6.00 -0.33%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CORIANDER 20-07-2015 12084.00 181.00 1.52%
CHANA 20-07-2015 4275.00 46.00 1.09%
JEERA 20-07-2015 16100.00 20.00 0.12%

4. Commodities In News
4
ECONOMIC NEWS
 The spiraling prices of tur, moong and urad have prompted the Centre to
ask all state governments to strictly implement the stock limit on them to
avoid any artificial spike. The average retail price of arhar on Friday was
almost 50 per cent higher than that recorded last year, while urad's was 70
per cent higher.The government move is also prompted by the fact that
patchy monsoon rains are expected to take a toll on food prices in the
month ahead. It also wants to shield consumers from soaring prices of
pulses and tame inflationary expectations.The data accessed from the price
monitoring cell of consumer affairs ministry shows that arhar was selling at
Rs 70 (national average price) on July 3, 2014, while on Friday, the retail
price was Rs 106 per kg. In the case of moong dal, the price has shot up
from Rs 90 per kg in 2014 to Rs 108. Similarly, urad prices have increased
from Rs 67.5 per kg to Rs 108."There is price rise in some pulses
especially tur (arhar), moong and urad. But prices of chana (gram), matar
(yellow peas) and masoor dal (red lentils) are stable. There is no point in
having a blanket stock limit order on all pulses. So, we will ask states to
have no stock limit on the latter three pulses, but to take strict action
against hoarders of the other dal items," food and consumer affairs minister
Ram Vilas Paswan said.The consumer affairs ministry has convened a
meeting of all state food and consumer affairs ministers next week to work
out the strategy to check price rise of essential commodities during the
festive season. Prices of pulses, onion, potato and tomato usually reach the
peak during July-November period and soaring food prices grab
headlines.To check price rise, state governments are currently empowered
to fix a stock holding limit on pulses and take action against traders if they
hoard the stock beyond the prescribed ceiling. Almost all states have fixed
stock limits on pulses. Facing a major drop in domestic harvest of pulses —
from 19.25 million tonnes in 2013-14 to 17.38 million tonnes in 2014-15
— the government has decided to import 5,000 tonnes of arhar and urad
each. To avoid any crisis, the government has also approved utilizing part
of the corpus kept under price stabilization fund to moderate the prices of
pulses and make them available at affordable rate.
 Prospects of improved Monsoon and Cabinet meeting on price rise
in Agri commodities likely to be held this week, kept sentiments down
for Chana as it failed to hold onto the higher levels. The short term
sentiments look weak for the counter as sowing picks up further for
kharif Pulses.As per latest Govt reports, the area under Kharif Pulses
has risen to 22.61 lakh ha as on 3rd July vs 9.72 lakh ha same period
last year. Above normal rains in Central and South India have
improved sowing for Pulses, keeping prices down for Chana in
June.Rajasthan Govt relaxed imposing stock limit on Pulses w.e.f. 15th
July to 30th Nov, the limit for wholesalers: 2500 Q for 45 days and for
retailers: 400 Q.Import of pulses increased to fulfill domestic
consumption after a fall in pulses production. As per latest estimate of
Finance Ministry pulses import has risen more than 20% in May. India
consumes around 253-240 lakh ton pulses annually but in 2014-15
pulses production has fallen to 173 lakh ton from 193 lakh tons in
2013-14 due to unfavorable weather indicating more import in coming
months.
Turmeric settled down on sluggish demand from retailers and
stockists against adequate stocks position. Sources are expecting the
total production in the range of 50-52 lakh bags in the current year,
down 20 lakh bags from the last year in the same period. Sources also
stated that around 75lakh bags of total stocks have been reported in
local mandies.At Erode market arrivals were reported at 3000 quintals,
up by 1000 quintals from previous day’s arrivals. 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.

5. 5
Fundamental Watch : Cotton
COTTON ARRIVALS AT KEY SPOT
MARKET
National Market Update
 Cotton Corporation of India (CCI) has sold around 30 lakh bales of cotton
so far from the stock of 86.9 lakh bales which it procured during the current
season under the procurement operation. CCI sold 29 lakh bales to domestic
buyers and 1 lakh bale to Bangladesh. On daily basis it is releasing around 2
lakh bales of cotton for sale.
Cotton Corporation of India (CCI) has sold around 30 lakh bales of cotton so
far from the stock of 86.9 lakh bales which it procured during the current
season under the procurement operation. CCI sold 29 lakh bales to domestic
buyers and 1 lakh bale to Bangladesh. On daily basis it is releasing around 2
lakh bales of cotton for sale.
According to Investment Information and Credit Rating Agency of India
(ICRA), cotton prices in year 2016 is likely to remain range bound despite the
expectation of fall in production by 10-15%. ICRA in its report said that in the
last four year (CY 2011-12 to 2014-15), the global cotton prices and trade
were majorly driven by government policies in various producing and
consuming countries, despite the increasing supply and negligible growth in
demand.
The world biggest cotton consumer, China would sell the initial volume of 1
million tonnes of cotton from its state reserve during July and August in the
current year, according to country's top planner. 330000 tonnes of domestic
cotton from the 2011 crop with the floor price of 13,200 Yuan per tonne,
470,000 tonnes of domestic cotton from 2012 at 14,200 Yuan per tonne, and
200,000 tonnes of imported cotton from the 2012 crop at 15,500 Yuan per
tonne would be offered at Beijing for the sale. The International Cotton
Advisory Committee (ICAC) has revised the world cotton ending stocks
estimates for season 2015-16 upwardly.
CENTER 6-July-15 4-July-15 Change
AMRAVATI 4700 4700 UNCH
MAHESANA NA NA -
RAJKOT 4690 NA -
PATAN NA NA -
DEESA NA NA -
BHIWANI 4650 4650 UNCH
GONDAL 4780 4805 -25

6. Technical Outlook
6
BUY CORIANDER AUG ABOVE 12300 TARGET 12325 12365 SL
BELOW 12270
SELL GUARGUM JULY BELOW 10030 TARGET 9980 9910 SL
ABOVE 10090
SELL TURMERIC JULY BELOW 7140 TARGET 7100 7040 SL
ABOVE 7200
SELL CASTORSEED AUG BELOW 4020 TARGET 3995 3965 SL
ABOVE 4050

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