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1. DAILY AGRI COMMODITY REPORT
04 November 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
NOV 8512 8788 8452 8776 +2.86 13300
INTRADAY
LEVELS
SUPPORT SUPP. 1
8556
SUPP. 2
8336
PIVOT
8672
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
8892
RES. 2
9008
CORIANDER
NOV 8812 9189 8585 8901 -1.28 19610
INTRADAY
LEVELS
SUPPORT SUPP.1
8594
SUPP. 2
8288
PIVOT
8892
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
9198
RES. 2
9496
GUARGUM
NOV 7900 8080 7900 8040 +1.90 6096
INTRADAY
LEVELS
SUPPORT SUPP. 1
7933
SUPP. 2
7827
PIVOT
8007
Guargum short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
8113
RES. 2
8187
CASTORSEED
NOV 4268 4339 4249 4325 +1.31 88320
INTRADAY
LEVELS
SUPPORT SUPP. 1
4270
SUPP. 2
4214
PIVOT
4304
Castorseed short term
trend is bullish and
May continue in
coming day.RESISTAN
CE
RES. 1
4360
RES. 2
4394

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 43625 4269 +1.31
CHANA 4955 4834 +2.50
CORIANDER 8901 9016 -1.28
GUARGUM 8040 7890 +1.90
JEERA 15450 15375 +0.49
MUSTARD
SEED
4950 4867 +1.71
SOYABEAN 3930 3787 +3.78
TURMERIC 8776 8532 +2.86
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-11-2015 8901.00 -115.00 -1.28%
BARLEY 20-11-2015 1450.00 -2.00 -0.14%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
SOYABEAN 20-11-2015 3930.00 148.00 3.91%
TURMERIC 20-11-2015 8776.00 258.00 3.03%
CHANA 20-11-2015 4955.00 103.00 2.12%
RAPESEED-MUSTARD
SEED
20-11-2015 4950.00 87.00 1.79%
CASTOR SEED NEW 20-11-2015 4325.00 56.00 1.31%
COTTON SEED OIL CAKE
AKOLA
18-12-2015 1671.00 20.00 1.21%
REFINED SOY OIL 20-11-2015 626.25 4.05 0.65%
JEERA 20-11-2015 15450.00 65.00 0.42%

4. Commodities In News
4
ECONOMIC NEWS
A bumper cotton crop is expected in the state this year which is likely to
bring cheers to growers in the Vidarbha region too, Maharashtra State
Cotton Growers Co-operative Federation chairman N P Hirani has
said.Cotton prices have ruled firm as the new season opened with steady
flows of raw cotton.Vidarbha has the largest area under cotton cultivation
in the state and the cash crop has an influence on its rural farm economy in
a big way.This year, the yield is expected to be between 350 and 380 lakh
quintals against 300 lakh quintals last season, Hirani said.Last week,
private traders started purchases and have already collected about 1.5 lakh
quintals at rates fluctuating between Rs 4,150 and Rs 4,450 a quintal, way
above the central government-fixed minimum support price (MSP) of Rs
4,100.The Maharashtra State Cotton Growers Co-operative Federation has
decided to open procurement centres from November 15.However, an
official announcement on this is likely only on November 9 or post Diwali,
after the federation's board meeting in Mumbai, Hirani said.Interestingly,
the cotton prices in the coming days would largely depend on China. If the
neighbouring country opens up for imports, Indian cotton growers can
expect a good demand and consequently higher rates through exports.There
is a two per cent incentive of exports. But China exports are not a certainty
because of economic slowdown there, sources in cotton industry said.China
built a huge inventory couple of years back by purchasing from all over the
world. Hopefully, that stock may have exhausted."Cotton is generally not
stored for more than two years. So, there is possibility of opening of
imports this year," said Hirani.However, otherwise, he is sceptical about
the sustainability of the current high rates."We expect supplies to jump up
after November 15, triggering a slide in rates. At that juncture, the
federation will be ready to intervene and start purchases at its centres to
ensure that private traders do not exploit farmers and prices do not slip
below the MSP," the former NCP MLC said.Hirani said in any case the
federation does a nominal buying. Last season, it purchased only 26 lakh
quintals."This year we will be in the market as sub-agent of Cotton
Corporation of India and open procurement centres at all district
headquarters.
Turmeric settled down on profit booking after seen supported due to
the receipt of ample upcountry demand for quality turmeric at the spot
market. Further, lower sowing area in the current season and reducing
yield in Maharashtra and Karnataka too fuelled the uptrend. Good rains
in second part of September in southern peninsula region may enhance
the turmeric production and quality but lower area in Telangana may
reduce production this year.As per dept of commerce data, turmeric
exports during April-Jul, 2015 pegged at 38,774 tonnes while the
export for the 2014-15 is 90,738 tonnes compared to 78,360 tonnes in
FY14. As on latest sowing data, turmeric sowing In AP, is recorded at
15,864 hectares increase over last years’ acreage as well normal sowing
area progress however in Telangana, the sowing area is lower than the
normal sowing area at 40,823 hac compared to 43,470 hac last year.
Spot turmeric sales at Erode increased due to strong demand for the
hybrid varieties.Traders were quoting Rs. 9,500 a quintal for the Salem
Hybrid purchased all the 200 bags. Similarly, they quoted Rs. 9,000-
9,200 for the local hybrid and purchased more than 4,000 bags.
Mustard Seed settled down on weak export demand and on supply
worries. Most stockists preferred limited trading in response to weak
cues from domestic oilseed markets. However slowing arrival pace on
mandis of Rajasthan restricted the downside. Indian Meteorological
Department (IMD) reported that from the beginning of Oct till today
Rajasthan has not received any rainfall which is likely to affect rabi
sowing of rm seed.USDA reported global rapeseed production forecast
to decline 3.5 million tons in 2015/16 as a slight decrease in area
reduces total output to 68.1 million tons. Rapeseed meal exports from
India in September month slipped 8.16% on year to 60,211 tons in
August on weak demand from South Korea, Iran and Thailand, data
released from Solvent Extractors Association of India (SEA) showed.
As per Rajasthan state agriculture department data, the sowing till date
is pegged at 4.72 lakh hectares, less by 47 per cent compared to last
year sowing of 8.91 lakh hectares.

5. 5
Fundamental Watch : Cotton
COTTON PRICES AT KEY SPOT MARKETNational Market Update
Cotton Corporation of India (CCI) is currently holding 12 Lakh bales of
cotton produced during the previous season. CCI procured around 87 lakh
bales of cotton during the season 2014-15 under the MSP operation. According
to the market participant CCI could receive good demand after the festival
season as the produce it is holding is moisture free fiber, for which the spinner
and textile mills could bid well.
In Haryana, cotton ginners have gone on indefinite strike and not buying
cotton from mandis due to the gap in the tax refund. According to the
president of the Haryana Cotton Ginners Association, only 2.2 per cent is
being refunded to the ginner from the 4.2 percent of value added tax pain on
raw cotton, forfeiting the payment of two percent. As the ginners are not
buying cotton, the price of the commodity could go down remarkably in the
state.
According to the market participant, the steady pace is recorded cotton
arrivals due to the commencement of festival season but the same is expected
to surge up remarkably after Diwali. All India daily average arrival is hovering
around 50 thousand bales.
The Director General of Foreign Trade (DGFT) issued notice for inclusion
of export of cotton fabrics (woven and knitted) and cotton made-ups to leading
markets, including African countries under the Merchandise Exports from
India Scheme (MEIS). The step taken by government is likely to escalate
export as the scheme consist the export benefit of two percent.
CENTER 02-Nov-15 31-Oct-15 Change
RAJKOT 4450 Closed -
BHIWANI 4525 4600 -75
ADAMPUR 4450 NA -
AHMEDABAD 4350 Closed -
GONDAL 4405 Closed -
GUNTUR NA NA -
RAICHUR NA 4250 -

6. Technical Outlook
6
SELL CORIANDER NOV BELOW 8870 TARGET 8845 8765 SL
ABOVE 8900
BUY GUARGUM NOV ABOVE 8080 TARGET 8130 8200 SL
BELOW 8020
BUY TURMERIC NOV ABOVE 8790 TARGET 8834 8894 SL
BELOW 8730
BUY CASTORSEED NOV ABOVE 4340 TARGET 4365 4395 SL
BELOW 4315

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