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DAILY AGRI COMMODITY REPORT 11 SEPTEMBER 2014 
HNI & NRI Sales Contact Australia 
Mintara Road, Tarneit, Victoria. Post Code 3029 
Phone.: +61 422 063855 
HNI & NRI Sales Contact USA 
2117 Arbor Vista Dr. Charlotte (NC) 
Cell: +1 704 249 2315 
Toll Free Number 
1-800-200-9454 
All queries should be directed to 
Info@epicresearch.co 
1 
Epic Research India 
411 Milinda Manor (Suites 409-417) 
2 RNT Marg. Opp Central Mall 
Indore (M.P.) 
Hotline: +91 731 664 2300 
Alternate: +91 731 664 2320 
Or give us a missed call at 
026 5309 0639 
Our PresenceYOUR MINTVISORYCall us at +91-731-6642300
Daily Wrap Up 
2 
MONTH 
OPEN 
HIGH 
LOW 
CLOSE 
% CHG 
VOL 
MONTH 
OPEN 
HIGH 
LOW 
CLOSE 
% CHG 
VOL 
DHANIYA 
OCT 
11571 
11748 
11571 
11748 
+1.02 
18070 
INTRADAY LEVELS 
SUPPORT 
SUPP.1 
11630 
SUPP. 2 
11512 
PIVOT 
11689 
Dhaniya shortterm trend is down, tradingnear to support level and further more downsideis expected in comimg days 
RESISTANCE 
RES. 1 
11807 
RES. 2 
11866 
CASTORSEED 
OCT 
4160 
4160 
4082 
4107 
-1.20 
121880 
INTRADAY LEVELS 
SUPPORT 
SUPP. 1 
4073 
SUPP. 2 
4038 
PIVOT 
4116 
Castorseed short term is down,Prices expected to go down in coming days. 
RESISTANCE 
RES. 1 
4151 
RES. 2 
4194 
TURMERIC 
OCT 
6390 
6420 
6302 
6344 
-0.44 
9970 
INTRADAY LEVELS 
SUPPORT 
SUPP. 1 
6291 
SUPP. 2 
6237 
PIVOT 
6355 
Turmeric price is in down trend and may continue in coming days. 
RESISTANCE 
RES. 1 
6409 
RES. 2 
6473 
GUARGUM 
OCT 
16400 
16430 
16000 
16240 
-0.73 
7411 
INTRADAY LEVELS 
SUPPORT 
SUPP. 1 
16017 
SUPP. 2 
15793 
PIVOT 
16223 
Guargum Short term trend is up Expecting price may go up in coming days. 
RESISTANCE 
RES. 1 
16447 
RES. 2 
16653
Movers and Shakers 
3 
TOP LOSERS 
SYMBOL 
EXPIRY DATE 
CURRENT PRICE 
CHANGE 
CHANGE % 
CASTOR SEED NEW 
19-09-2014 
4049.00 
-49.00 
-1.20% 
SUGAR M GRADE 
19-09-2014 
2908.00 
-35.00 
-1.19% 
SOYABEAN 
20-10-2014 
3124.00 
-33.00 
-1.05% 
JEERA 
19-09-2014 
10765.00 
-110.00 
-1.01% 
CHANA 
19-09-2014 
2763.00 
-23.00 
-0.83% 
REFINED SOY OIL 
19-09-2014 
609.50 
-4.60 
-0.75% 
BARLEY 
19-09-2014 
1509.00 
-9.50 
-0.63% 
TOP GAINERS 
SYMBOL 
EXPIRY DATE 
CURRENT PRICE 
CHANGE 
CHANGE % 
GUR 
19-09-2014 
1131.00 
3.00 
0.27% 
CORIANDER 
19-09-2014 
11441.00 
21.00 
0.18% 
RAPESEED-MUSTARD SEED 
19-09-2014 
3526.00 
4.00 
0.11% 
NCDEX INDICES 
Index 
Value 
Pre. Close 
% Change 
CASTORSEED 
4106 
4157 
-1.23 
CHANA 
2825 
2854 
-1.02 
CORIANDER 
11745 
11629 
1.02 
COTTON SEED 
1429 
1436 
-0.49 
JEERA 
10825 
10955 
-1.19 
MUSTARD SEED 
3588 
3576 
0.34 
SOYABEAN 
3136 
3157 
-0.67 
TURMERIC 
6344 
6372 
-0.44
Commodities In News 
4 
ECONOMIC NEWS 
ElectionstotheMaharashtraassemblyexpectedtobeannouncedatanytime,theperformerSwabhimaniShetkariSanghatana,anallyoftheBJPattheCentreandinthestate, organizedprotestsinNashikdistrictagainstpoliciesoftheUniongovernmentthathavehelpedtotameonionprices. FarmersandtradershadexpectedonionpricestoincreaseinOctober,givingthemgoodreturnslikeinthepreviousyear. However,theCentralgovernmentliberalizedimportsofthecommodityinabidtocurbpricesfromrising.Pricesofpomegranates,anothercashcropinnorthMaharashtra,havecrashed,addingtothewoesoffarmers.AlthoughtheSanghatanaispartofthegovernmentthattookdecisionstokeeponionpricesundercheck,thepartyinsiststhattheinterestsoffarmersareprimary. 
Onions,pomegranatesandgrapesarethecashcropsinnorthMaharashtra.Thereisresentmentamongfarmersaspricesofonionsandpomegranateshavedroppedtolessthanhalfofwhattheywerelastyear.Afterrising80percentinJune,onionpriceshaveeasedsincethecommoditywasbroughtunderthepurviewofstockholdinglimitsoftheEssentialCommoditiesActandthegovernmentsetaminimumpriceforexportsofthecommodity.Insteadofmakingonionscheaperforconsumers, thegovernmentshouldtellthemtoeatlessonions,“WithcroplossescausedbyhailstormsinAprilandMayand30percentdamageinstorage,farmersstandtomakelossesifpricesdonotincreaseinSeptember-October.theavailabilityofonionsinthemarkethadincreased."Ascomparedto55,000quintalsarrivalinthemonthofSeptemberlastyear,thearrivalofonionsinthefirsteightdaysofSeptemberthisyearis75,000quintals. 
GuargumpricesdroppedbyRs.280toRs.16,000perquintalinfuturestradingafterspeculatorslocked-ingainsathigherlevels.AttheNationalCommodityandDerivativesExchangecounter,GuargumfordeliveryinDecembershedRs.280,or1.72percenttoRs.16,000perquintal,withanopeninterestof16,020lots.Also,most-activedeliveryinOctobermonthlostRs.250,or1.53percenttoRs.16,110perquintal,inanopeninterestof16,110lots.off-loadingofpositionsbyspeculatorsatprevailinglevelsandincreasedsuppliesagainstslackeneddemandinthespotmarkets,mainlyledtothefallinGuargumpricesatfuturestrade. 
Amajorsectionofteaarena,thesmallteagrowerswentofffieldinnorthernWestBengaltodayfollowingrecurrenceofatusslewithfactoryownersontheissueofqualityvs.priceofgreenleaf.CessationofactivitiesatthispeakseasonbySTG's,thosecontributeonethirdtothetotalyieldofthisheartlandofIndiantea,isboundtoleaveseriousimpactonthewholemarket.Thedevelopmentpoppedupfollowingthefactoryowner'srefusaltoacceptgreenleaf.Amajorsectionofteaarena,thesmallteagrowerswentofffieldinnorthernWestBengaltodayfollowingrecurrenceofatusslewithfactoryownersontheissueofqualityvs.priceofgreenleaf. 
GlobalRawsugarfuturestestingtheirfouryearlowsonhopesthatoutputofthecommodityfromBrazil'smainproducingregionisreviving.SugarfuturesforOctobertouched14.71centsapoundinlatemorningdealsinNewYork,aroundthelowestmarksinceJuly2010.ThecontracthadbeeninpositiveterritorybeforeUnica,theBraziliancaneindustrygroup, unveileddatashowingthatsugarproductioninthecountry'skeyCentreSouthdistricttopped3milliontonnesinthesecondhalfofAugust.TheincreasereflectedinpartariseinCentreSouthcaneprocessingto47.4mtonnesinthesecondhalfoflastmonth,up5.7%fromproductioninthefirsthalf.
5 
Fundamental And Mandi Report :Castorseed 
STOCK POSITION AT NCDEXWAREHOUSES National Market Update 
Cashandfuturemarketcontinuedtoreelunderpressureandmarketisboundtodecreaseasareaundercastormaycross10lakhhathisyear. SomedamagereportfromGujaratisnotgoingtoinfluencepriceasseedstockissaidtobeampleatthispointoftime.Weakdemandindomesticandinternationalmarketremainsunsupportivetothecashmarketfundamentals.Almost90percentareaundercastorseedhasbeencoveredsofar.Ason4thsept,areawasrecordedat9.45lakhha.Overallareasofarisaround1.82lakhha.higherthanlastyearinseptfirstweek.SowingofcastorseediscontinuesinGujaratandAndhraPradeshandsomepartsofRajasthan.Castorseedx-mandipriceinGujarathasdeclinedfromRs41750pertonnetoRs40900pertonneatprevioustradingsession.Freshbuyingatthislevelisexpectedthatmaysupportprice.Despitedeclineinprices,itisstillhigherfromthepriceprevalentinAugust,2013,almost16.92percentlowerthancurrentprice.CastormealFORisbeingquotedatRs6300pertonne,moderatelyhigher(Rs6250pertonne)thanpreviousweek.Itis–0.79percentlowerthanlastweekand9.96percenthigherthanthepricerealizedduringAugust2014. International Market Report 
Canadianfieldpeawitnessslowharvestprogress.HarvestingismainlylagginginSaskatchewanprovince,whilewellaheadinAlbertaregion.higherproductionofallspecialcropsandpulses,around6.809millionmetrictonne(MMT),up7%fromStatisticsCanada's6.38millionMTestimate. AccordingtotheChina'sPulsesImportandExportIndustry,China'simportofCanadianfieldpeaisexpectedtosurgeinnexttwoyearsandpotentiallyexceedingIndia,theleadingimporterofCanadianfieldpeaby2016. 
CENTER 
10-Sep-14 
09-Sep-14 
%Change 
SUMERPUR 
NA 
NA 
- 
JODHPUR 
160 
160 
UNCH 
RAJKOT 
315 
400 
-85 
GONDAL 
331 
301 
+30 
PATAN 
400 
CLOSED 
- 
DEESA 
800 
CLOSED 
- 
KADI 
NA 
CLOSED 
-
SPOT QUOTES 
6 
COMMODITY NAME 
LOCATION 
PRICE 
Cotton Seed Oilcake 
Kadi 
1758.35 
Crude Palm Oil 
Kandla 
444.7 
Guar Seed 10 MT 
Jodhpur 
5736.65 
Guarseed 
Jodhpur 
5736.65 
Guarseed 
Bikaner 
5700 
Gur 
Muzaffar Nagar 
1119.3 
Jeera 
Unjha 
11000 
Maize -Feed/Industrial Grade 
Gulabbagh 
1121.9 
Maize -Feed/Industrial Grade 
Sangli 
1390 
Maize -Feed/Industrial Grade 
Delhi 
1235 
Mustardseed 
Jaipur 
3700 
Mustardseed 
Alwar 
3671.8 
COMMODITY NAME 
LOCATION 
PRICE 
Bajra 
Jaipur 
1250 
Barley 
Jaipur 
1517.85 
Castor Seed 
Disa 
4093.75 
Castor Seed 1 MT 
Disa 
4093.75 
Chana 
Bikaner 
2750 
Chana 
Delhi 
2905.55 
Chana 
Indore 
2867.5 
Chana 1 MT 
Delhi 
2905.55 
Chilli 
Guntur 
7442.85 
Chilli Teja 
Khammam 
10378.55 
Coriander 
Kota 
11175 
Cotton 
Kadi 
18584.8 
Cotton Seed (Industrial Grade) 
Akola 
2211 
Cotton Seed Oilcake 
Akola 
1741.9
Recommendations 
7 
BUY DHANIYA(OCT) ABOVE 11750TGT11780-11830SL 11700 
BUYGUARGUM(OCT ) ABOVE16300TGT16350-16450SL 16210 
SELL CASTORSEED (OCT) BELOW 4090TGT 4060-4010 SL 4140 
SELL TERMERIC(OCT) BELOW 6320 TGT 6270-6170SL 6410
Disclaimer 
ThisdocumenthasbeenpreparedbyEdelweissComtradeLimited(Edelweiss).Edelweiss,itsholdingcompanyandassociatecompaniesareafullservice,integratedinvestmentbanking, portfoliomanagementandbrokeragegroup.Ourresearchanalystsandsalespersonsprovideimportantinputintoourinvestmentbankingactivities.Thisdocumentdoesnotconstituteanofferorsolicitationforthepurchaseorsaleofanyfinancialinstrumentorasanofficialconfirmationofanytransaction.Specifically,thisdocumentdoesnotconstituteanoffertoorsolicitationfromanyU.S.personforthepurchaseorsaleofanyfinancialinstrumentorasanofficialconfirmationofanytransactiontoanyU.S.person.Theinformationcontainedhereinisfrompubliclyavailabledataorothersourcesbelievedtobereliable,butwedonotrepresentthatitisaccurateorcompleteanditshouldnotbereliedonassuch.Edelweissoranyofitsaffiliates/groupcompaniesshallnotbeinanywayresponsibleforanylossordamagethatmayarisetoanypersonfromanyinadvertenterrorintheinformationcontainedinthisreport. Thisdocumentisprovidedforassistanceonlyandisnotintendedtobeandmustnotalonebetakenasthebasisforaninvestmentdecision.Theuserassumestheentireriskofanyusemadeofthisinformation.Eachrecipientofthisdocumentshouldmakesuchinvestigationasitdeemsnecessarytoarriveatanindependentevaluationofaninvestmentinthecommodity(ies) referredtointhisdocument(includingthemeritsandrisksinvolved),andshouldconsulthisownadvisorstodeterminethemeritsandrisksofsuchinvestment.Theinvestmentdiscussedorviewsexpressedmaynotbesuitableforallinvestors.Weandouraffiliates,groupcompanies,officers,directors,andemployeesmay:(a)fromtimetotime,havelongorshortpositionsin, andbuyorsellthecommodity(ies)and/orderivativesthereof,mentionedhereinor(b)beengagedinanyothertransactioninvolvingsuchcommodity(ies)and/orderivativesandearnbrokerageorothercompensationoractasadvisororlender/borrowertosuchcommodity(ies)orhaveotherpotentialconflictofinterestwithrespecttoanyrecommendationandrelatedinformationandopinions.Thisinformationisstrictlyconfidentialandisbeingfurnishedtoyousolelyforyourinformation.Thisinformationshouldnotbereproducedorredistributedorpassedondirectlyorindirectlyinanyformtoanyotherpersonorpublished,copied,inwholeorinpart,foranypurpose.Thisreportisnotdirectedorintendedfordistributionto,oruseby, anypersonorentitywhoisacitizenorresidentoforlocatedinanylocality,state,countryorotherjurisdiction,wheresuchdistribution,publication,availabilityorusewouldbecontrarytolaw,regulationorwhichwouldsubjectEdelweissandaffiliates/groupcompaniestoanyregistrationorlicensingrequirementswithinsuchjurisdiction.Theinformationcontainedhereinisnotforpublicationordistributionfornon-residentclients.Thenon-residentclientsareallowedtotradeincommoditiesmarketonlyafterobtainingrequisitestatutoryapprovalsfromtherespectiveregulatoryauthourities.Thedistributionofthisdocumentincertainjurisdictionsmayberestrictedbylaw,andpersonsinwhosepossessionthisdocumentcomes,shouldinformthemselvesaboutandobserve,anysuchrestrictions.Theinformationgiveninthisdocumentisasofthedateofthisreportandtherecanbenoassurancethatfutureresultsoreventswillbeconsistentwiththisinformation.Thisinformationissubjecttochangewithoutanypriornotice.Edelweissreservestherighttomakemodificationsandalterationstothisstatementasmayberequiredfromtimetotime.However,Edelweissisundernoobligationtoupdateorkeeptheinformationcurrent.Nevertheless,Edelweissiscommittedtoprovidingindependentandtransparentrecommendationtoitsclientandwouldbehappytoprovideanyinformationinresponsetospecificclientqueries.NeitherEdelweissnoranyofitsaffiliates,groupcompanies, directors,employees,agentsorrepresentativesshallbeliableforanydamageswhetherdirect,indirect,specialorconsequentialincludinglostrevenueorlostprofitsthatmayarisefromorinconnectionwiththeuseoftheinformation.Pastperformanceisnotnecessarilyaguidetofutureperformance.Thedisclosuresofintereststatementsincorporatedinthisdocumentareprovidedsolelytoenhancethetransparencyandshouldnotbetreatedasendorsementoftheviewsexpressedinthereport.EdelweissComtradeLimitedgenerallyprohibitsitsanalysts, personsreportingtoanalystsandtheirdependentsfrommaintainingafinancialinterestinthecommoditiesthattheanalystscover.KindlyreadtheRiskDisclosureDocumentscarefullybeforeinvestinginDerivatives,Commoditiesorotherinstruments.Theinformationprovidedinthesereportsremains,unlessotherwisestated,thecopyrightofEdelweiss.Alllayout, design,originalartwork,conceptsandotherIntellectualProperties,remainsthepropertyandcopyrightEdelweissandmaynotbeusedinanyformorforanypurposewhatsoeverbyanypartywithouttheexpresswrittenpermissionofthecopyrightholders. 
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Theanalystforthisreportcertifiesthatalloftheviewsexpressedinthisreportaccuratelyreflecthisorherpersonalviewsaboutthesubjectcommodity(ies),andnopartofhisorhercompensationwas,isorwillbe,directlyorindirectlyrelatedtospecificrecommendationsorviewsexpressedinthisreport. 
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Daily agri report by epic research 11 sep 2014

  • 1. DAILY AGRI COMMODITY REPORT 11 SEPTEMBER 2014 HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: +61 422 063855 HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315 Toll Free Number 1-800-200-9454 All queries should be directed to Info@epicresearch.co 1 Epic Research India 411 Milinda Manor (Suites 409-417) 2 RNT Marg. Opp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 Our PresenceYOUR MINTVISORYCall us at +91-731-6642300
  • 2. Daily Wrap Up 2 MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL DHANIYA OCT 11571 11748 11571 11748 +1.02 18070 INTRADAY LEVELS SUPPORT SUPP.1 11630 SUPP. 2 11512 PIVOT 11689 Dhaniya shortterm trend is down, tradingnear to support level and further more downsideis expected in comimg days RESISTANCE RES. 1 11807 RES. 2 11866 CASTORSEED OCT 4160 4160 4082 4107 -1.20 121880 INTRADAY LEVELS SUPPORT SUPP. 1 4073 SUPP. 2 4038 PIVOT 4116 Castorseed short term is down,Prices expected to go down in coming days. RESISTANCE RES. 1 4151 RES. 2 4194 TURMERIC OCT 6390 6420 6302 6344 -0.44 9970 INTRADAY LEVELS SUPPORT SUPP. 1 6291 SUPP. 2 6237 PIVOT 6355 Turmeric price is in down trend and may continue in coming days. RESISTANCE RES. 1 6409 RES. 2 6473 GUARGUM OCT 16400 16430 16000 16240 -0.73 7411 INTRADAY LEVELS SUPPORT SUPP. 1 16017 SUPP. 2 15793 PIVOT 16223 Guargum Short term trend is up Expecting price may go up in coming days. RESISTANCE RES. 1 16447 RES. 2 16653
  • 3. Movers and Shakers 3 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CASTOR SEED NEW 19-09-2014 4049.00 -49.00 -1.20% SUGAR M GRADE 19-09-2014 2908.00 -35.00 -1.19% SOYABEAN 20-10-2014 3124.00 -33.00 -1.05% JEERA 19-09-2014 10765.00 -110.00 -1.01% CHANA 19-09-2014 2763.00 -23.00 -0.83% REFINED SOY OIL 19-09-2014 609.50 -4.60 -0.75% BARLEY 19-09-2014 1509.00 -9.50 -0.63% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % GUR 19-09-2014 1131.00 3.00 0.27% CORIANDER 19-09-2014 11441.00 21.00 0.18% RAPESEED-MUSTARD SEED 19-09-2014 3526.00 4.00 0.11% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 4106 4157 -1.23 CHANA 2825 2854 -1.02 CORIANDER 11745 11629 1.02 COTTON SEED 1429 1436 -0.49 JEERA 10825 10955 -1.19 MUSTARD SEED 3588 3576 0.34 SOYABEAN 3136 3157 -0.67 TURMERIC 6344 6372 -0.44
  • 4. Commodities In News 4 ECONOMIC NEWS ElectionstotheMaharashtraassemblyexpectedtobeannouncedatanytime,theperformerSwabhimaniShetkariSanghatana,anallyoftheBJPattheCentreandinthestate, organizedprotestsinNashikdistrictagainstpoliciesoftheUniongovernmentthathavehelpedtotameonionprices. FarmersandtradershadexpectedonionpricestoincreaseinOctober,givingthemgoodreturnslikeinthepreviousyear. However,theCentralgovernmentliberalizedimportsofthecommodityinabidtocurbpricesfromrising.Pricesofpomegranates,anothercashcropinnorthMaharashtra,havecrashed,addingtothewoesoffarmers.AlthoughtheSanghatanaispartofthegovernmentthattookdecisionstokeeponionpricesundercheck,thepartyinsiststhattheinterestsoffarmersareprimary. Onions,pomegranatesandgrapesarethecashcropsinnorthMaharashtra.Thereisresentmentamongfarmersaspricesofonionsandpomegranateshavedroppedtolessthanhalfofwhattheywerelastyear.Afterrising80percentinJune,onionpriceshaveeasedsincethecommoditywasbroughtunderthepurviewofstockholdinglimitsoftheEssentialCommoditiesActandthegovernmentsetaminimumpriceforexportsofthecommodity.Insteadofmakingonionscheaperforconsumers, thegovernmentshouldtellthemtoeatlessonions,“WithcroplossescausedbyhailstormsinAprilandMayand30percentdamageinstorage,farmersstandtomakelossesifpricesdonotincreaseinSeptember-October.theavailabilityofonionsinthemarkethadincreased."Ascomparedto55,000quintalsarrivalinthemonthofSeptemberlastyear,thearrivalofonionsinthefirsteightdaysofSeptemberthisyearis75,000quintals. GuargumpricesdroppedbyRs.280toRs.16,000perquintalinfuturestradingafterspeculatorslocked-ingainsathigherlevels.AttheNationalCommodityandDerivativesExchangecounter,GuargumfordeliveryinDecembershedRs.280,or1.72percenttoRs.16,000perquintal,withanopeninterestof16,020lots.Also,most-activedeliveryinOctobermonthlostRs.250,or1.53percenttoRs.16,110perquintal,inanopeninterestof16,110lots.off-loadingofpositionsbyspeculatorsatprevailinglevelsandincreasedsuppliesagainstslackeneddemandinthespotmarkets,mainlyledtothefallinGuargumpricesatfuturestrade. Amajorsectionofteaarena,thesmallteagrowerswentofffieldinnorthernWestBengaltodayfollowingrecurrenceofatusslewithfactoryownersontheissueofqualityvs.priceofgreenleaf.CessationofactivitiesatthispeakseasonbySTG's,thosecontributeonethirdtothetotalyieldofthisheartlandofIndiantea,isboundtoleaveseriousimpactonthewholemarket.Thedevelopmentpoppedupfollowingthefactoryowner'srefusaltoacceptgreenleaf.Amajorsectionofteaarena,thesmallteagrowerswentofffieldinnorthernWestBengaltodayfollowingrecurrenceofatusslewithfactoryownersontheissueofqualityvs.priceofgreenleaf. GlobalRawsugarfuturestestingtheirfouryearlowsonhopesthatoutputofthecommodityfromBrazil'smainproducingregionisreviving.SugarfuturesforOctobertouched14.71centsapoundinlatemorningdealsinNewYork,aroundthelowestmarksinceJuly2010.ThecontracthadbeeninpositiveterritorybeforeUnica,theBraziliancaneindustrygroup, unveileddatashowingthatsugarproductioninthecountry'skeyCentreSouthdistricttopped3milliontonnesinthesecondhalfofAugust.TheincreasereflectedinpartariseinCentreSouthcaneprocessingto47.4mtonnesinthesecondhalfoflastmonth,up5.7%fromproductioninthefirsthalf.
  • 5. 5 Fundamental And Mandi Report :Castorseed STOCK POSITION AT NCDEXWAREHOUSES National Market Update Cashandfuturemarketcontinuedtoreelunderpressureandmarketisboundtodecreaseasareaundercastormaycross10lakhhathisyear. SomedamagereportfromGujaratisnotgoingtoinfluencepriceasseedstockissaidtobeampleatthispointoftime.Weakdemandindomesticandinternationalmarketremainsunsupportivetothecashmarketfundamentals.Almost90percentareaundercastorseedhasbeencoveredsofar.Ason4thsept,areawasrecordedat9.45lakhha.Overallareasofarisaround1.82lakhha.higherthanlastyearinseptfirstweek.SowingofcastorseediscontinuesinGujaratandAndhraPradeshandsomepartsofRajasthan.Castorseedx-mandipriceinGujarathasdeclinedfromRs41750pertonnetoRs40900pertonneatprevioustradingsession.Freshbuyingatthislevelisexpectedthatmaysupportprice.Despitedeclineinprices,itisstillhigherfromthepriceprevalentinAugust,2013,almost16.92percentlowerthancurrentprice.CastormealFORisbeingquotedatRs6300pertonne,moderatelyhigher(Rs6250pertonne)thanpreviousweek.Itis–0.79percentlowerthanlastweekand9.96percenthigherthanthepricerealizedduringAugust2014. International Market Report Canadianfieldpeawitnessslowharvestprogress.HarvestingismainlylagginginSaskatchewanprovince,whilewellaheadinAlbertaregion.higherproductionofallspecialcropsandpulses,around6.809millionmetrictonne(MMT),up7%fromStatisticsCanada's6.38millionMTestimate. AccordingtotheChina'sPulsesImportandExportIndustry,China'simportofCanadianfieldpeaisexpectedtosurgeinnexttwoyearsandpotentiallyexceedingIndia,theleadingimporterofCanadianfieldpeaby2016. CENTER 10-Sep-14 09-Sep-14 %Change SUMERPUR NA NA - JODHPUR 160 160 UNCH RAJKOT 315 400 -85 GONDAL 331 301 +30 PATAN 400 CLOSED - DEESA 800 CLOSED - KADI NA CLOSED -
  • 6. SPOT QUOTES 6 COMMODITY NAME LOCATION PRICE Cotton Seed Oilcake Kadi 1758.35 Crude Palm Oil Kandla 444.7 Guar Seed 10 MT Jodhpur 5736.65 Guarseed Jodhpur 5736.65 Guarseed Bikaner 5700 Gur Muzaffar Nagar 1119.3 Jeera Unjha 11000 Maize -Feed/Industrial Grade Gulabbagh 1121.9 Maize -Feed/Industrial Grade Sangli 1390 Maize -Feed/Industrial Grade Delhi 1235 Mustardseed Jaipur 3700 Mustardseed Alwar 3671.8 COMMODITY NAME LOCATION PRICE Bajra Jaipur 1250 Barley Jaipur 1517.85 Castor Seed Disa 4093.75 Castor Seed 1 MT Disa 4093.75 Chana Bikaner 2750 Chana Delhi 2905.55 Chana Indore 2867.5 Chana 1 MT Delhi 2905.55 Chilli Guntur 7442.85 Chilli Teja Khammam 10378.55 Coriander Kota 11175 Cotton Kadi 18584.8 Cotton Seed (Industrial Grade) Akola 2211 Cotton Seed Oilcake Akola 1741.9
  • 7. Recommendations 7 BUY DHANIYA(OCT) ABOVE 11750TGT11780-11830SL 11700 BUYGUARGUM(OCT ) ABOVE16300TGT16350-16450SL 16210 SELL CASTORSEED (OCT) BELOW 4090TGT 4060-4010 SL 4140 SELL TERMERIC(OCT) BELOW 6320 TGT 6270-6170SL 6410
  • 8. Disclaimer ThisdocumenthasbeenpreparedbyEdelweissComtradeLimited(Edelweiss).Edelweiss,itsholdingcompanyandassociatecompaniesareafullservice,integratedinvestmentbanking, portfoliomanagementandbrokeragegroup.Ourresearchanalystsandsalespersonsprovideimportantinputintoourinvestmentbankingactivities.Thisdocumentdoesnotconstituteanofferorsolicitationforthepurchaseorsaleofanyfinancialinstrumentorasanofficialconfirmationofanytransaction.Specifically,thisdocumentdoesnotconstituteanoffertoorsolicitationfromanyU.S.personforthepurchaseorsaleofanyfinancialinstrumentorasanofficialconfirmationofanytransactiontoanyU.S.person.Theinformationcontainedhereinisfrompubliclyavailabledataorothersourcesbelievedtobereliable,butwedonotrepresentthatitisaccurateorcompleteanditshouldnotbereliedonassuch.Edelweissoranyofitsaffiliates/groupcompaniesshallnotbeinanywayresponsibleforanylossordamagethatmayarisetoanypersonfromanyinadvertenterrorintheinformationcontainedinthisreport. Thisdocumentisprovidedforassistanceonlyandisnotintendedtobeandmustnotalonebetakenasthebasisforaninvestmentdecision.Theuserassumestheentireriskofanyusemadeofthisinformation.Eachrecipientofthisdocumentshouldmakesuchinvestigationasitdeemsnecessarytoarriveatanindependentevaluationofaninvestmentinthecommodity(ies) referredtointhisdocument(includingthemeritsandrisksinvolved),andshouldconsulthisownadvisorstodeterminethemeritsandrisksofsuchinvestment.Theinvestmentdiscussedorviewsexpressedmaynotbesuitableforallinvestors.Weandouraffiliates,groupcompanies,officers,directors,andemployeesmay:(a)fromtimetotime,havelongorshortpositionsin, andbuyorsellthecommodity(ies)and/orderivativesthereof,mentionedhereinor(b)beengagedinanyothertransactioninvolvingsuchcommodity(ies)and/orderivativesandearnbrokerageorothercompensationoractasadvisororlender/borrowertosuchcommodity(ies)orhaveotherpotentialconflictofinterestwithrespecttoanyrecommendationandrelatedinformationandopinions.Thisinformationisstrictlyconfidentialandisbeingfurnishedtoyousolelyforyourinformation.Thisinformationshouldnotbereproducedorredistributedorpassedondirectlyorindirectlyinanyformtoanyotherpersonorpublished,copied,inwholeorinpart,foranypurpose.Thisreportisnotdirectedorintendedfordistributionto,oruseby, anypersonorentitywhoisacitizenorresidentoforlocatedinanylocality,state,countryorotherjurisdiction,wheresuchdistribution,publication,availabilityorusewouldbecontrarytolaw,regulationorwhichwouldsubjectEdelweissandaffiliates/groupcompaniestoanyregistrationorlicensingrequirementswithinsuchjurisdiction.Theinformationcontainedhereinisnotforpublicationordistributionfornon-residentclients.Thenon-residentclientsareallowedtotradeincommoditiesmarketonlyafterobtainingrequisitestatutoryapprovalsfromtherespectiveregulatoryauthourities.Thedistributionofthisdocumentincertainjurisdictionsmayberestrictedbylaw,andpersonsinwhosepossessionthisdocumentcomes,shouldinformthemselvesaboutandobserve,anysuchrestrictions.Theinformationgiveninthisdocumentisasofthedateofthisreportandtherecanbenoassurancethatfutureresultsoreventswillbeconsistentwiththisinformation.Thisinformationissubjecttochangewithoutanypriornotice.Edelweissreservestherighttomakemodificationsandalterationstothisstatementasmayberequiredfromtimetotime.However,Edelweissisundernoobligationtoupdateorkeeptheinformationcurrent.Nevertheless,Edelweissiscommittedtoprovidingindependentandtransparentrecommendationtoitsclientandwouldbehappytoprovideanyinformationinresponsetospecificclientqueries.NeitherEdelweissnoranyofitsaffiliates,groupcompanies, directors,employees,agentsorrepresentativesshallbeliableforanydamageswhetherdirect,indirect,specialorconsequentialincludinglostrevenueorlostprofitsthatmayarisefromorinconnectionwiththeuseoftheinformation.Pastperformanceisnotnecessarilyaguidetofutureperformance.Thedisclosuresofintereststatementsincorporatedinthisdocumentareprovidedsolelytoenhancethetransparencyandshouldnotbetreatedasendorsementoftheviewsexpressedinthereport.EdelweissComtradeLimitedgenerallyprohibitsitsanalysts, personsreportingtoanalystsandtheirdependentsfrommaintainingafinancialinterestinthecommoditiesthattheanalystscover.KindlyreadtheRiskDisclosureDocumentscarefullybeforeinvestinginDerivatives,Commoditiesorotherinstruments.Theinformationprovidedinthesereportsremains,unlessotherwisestated,thecopyrightofEdelweiss.Alllayout, design,originalartwork,conceptsandotherIntellectualProperties,remainsthepropertyandcopyrightEdelweissandmaynotbeusedinanyformorforanypurposewhatsoeverbyanypartywithouttheexpresswrittenpermissionofthecopyrightholders. 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