The daily agri commodity report for December 12, 2014, provides market insights on various agricultural commodities, highlighting trends, support and resistance levels, and key price changes. Major observations include downward trends for dhaniya, castorseed, and guargum, while turmeric shows an upward trend. Additionally, economic news indicates regulatory changes and market forecasts related to pulses and cotton exports, alongside updates on commodity market activities and evaluations.

1. DAILY AGRI COMMODITY REPORT 12 December 2014
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2. Market Views
2
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
DHANIYA
JAN
13100
13250
13057
13100
+0.28
14020
INTRADAY LEVELS
SUPPORT
SUPP.1
13023
SUPP. 2
12947
PIVOT
13137
Dhaniya shortterm trend is down, further more downsideis expected in comimg days.
RESISTANCE
RES. 1
13213
RES. 2
13327
CASTORSEED
JAN
4789
4843
4711
4737
-0.52
187390
INTRADAY LEVELS
SUPPORT
SUPP. 1
4685
SUPP. 2
4634
PIVOT
4764
Castorseed short term trend is down,Prices expected to go downin coming days.
RESISTANCE
RES. 1
4815
RES. 2
4894
TURMERIC
APR
7786
7786
7602
7658
-0.78
3750
INTRADAY LEVELS
SUPPORT
SUPP. 1
7578
SUPP. 2
7498
PIVOT
7682
Turmeric shortterm trend is up and may continue in coming days.
RESISTANCE
RES. 1
7762
RES. 2
7866
GUARGUM
JAN
11900
11970
11550
11630
-3.08
11191
INTRADAY LEVELS
SUPPORT
SUPP. 1
11460
SUPP. 2
11290
PIVOT
11730
Guargum Short term trend isdown, Expecting price may go downin coming days.
RESISTANCE
RES. 1
11900
RES. 2
12170

3. Most Active Contract
3
TOP GAINERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
CHANA
19-12-2014
3036.00
28.00
0.93%
TURMERIC
19-12-2014
6350.00
44.00
0.70%
COTTON SEED OIL CAKE AKOLA
19-12-2014
1395.00
9.00
0.65%
BARLEY
19-12-2014
1650.00
9.50
0.58%
RAPESEED-MUSTARD SEED
19-12-2014
4012.00
8.00
0.20%
TOP LOSERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
SOYABEAN
19-12-2014
3250.00
-24.00
-0.73%
CASTOR SEED NEW
19-12-2014
4673.00
-33.00
-0.70%
CORIANDER
19-12-2014
12528.00
-45.00
-0.36%
JEERA
19-12-2014
12375.00
-45.00
-0.36%
REFINED SOY OIL
19-12-2014
579.00
-0.95
-0.16%
NCDEX INDICES
Index
Value
Pre. Close
% Change
CASTORSEED
4737
4762
-0.52
CHANA
3101
3073
0.91
CORIANDER
13100
13063
0.28
GUARGUM
11630
12000
-3.08
JEERA
12770
12725
0.35
MUSTARD SEED
4055
4054
0.02
SOYABEAN
3310
3330
-0.60
TURMERIC
7658
7718
-0.78

4. Commodities In News
4
ECONOMICNEWS
India'sNarendraModiGovernmenthasaskedtheStatestoacceleratetheimplementationofNationalFoodSecurityAct. ThestateshavebeenurgedtocompleteallthepreparatoryworkbyMarchnextyearsothattheActcanberoll-outalloverthecountryinApril2015.TheministeraskedtheStateswhichhavenotyetimplementedtheActtocompleteidentificationofbeneficiariesandotherpreparatorymeasureswithintheextendedperiodandensureimplementationoftheAct.HeobservedthataftertheActhavingcomeintoforce,thearrangementofcontinuingallocationunderexistingTPDScanonlybeatemporarymeasure.TheAct,whichcameintoforcew.e.f5thJuly,2013hasbeenimplementedin11States/UTs. TheMinisterwasaddressingtheConferenceofStateFoodSecretaries.TheConferencewasheldtoreviewthepreparednessforimplementationoftheActinremainingStates.Paswanstressedtheneedforidentificationofbeneficiariesinafair,transparentandparticipatorymanner, deliveryoffoodgrainsuptodoor-stepsoffairpriceshops,end- to-endcomputerisationofTPDSandsettingupofaneffectivegrievanceredressalmechanismforstrengtheningofTPDS.
Madeofcottonandcottonyarnexportstothegovernmentrelaxedtherules.Accordingtothenewruleswillnotrequireregistrationofcontracts.Thiswillhelptoincreasetheexportofcotton.CottonpricesexpectedtostabilizeDirectorateGeneralofForeignTradeinanotificationissuedbytheconfirmed. Accordingtoexpertsfromthestepsofgovernmentstabilityincottonpricesinthedomesticmarketisexpected.ThegovernmentisplanningtoincreaseMSPThepriceofcottoninsomestatestheminimumsupportprice(MSP)hasgonedown. ThegovernmentisalsoconsideringincreasingMSP.
Guarseedandguargumareunlikelytoseemajormovementinnearterm.Guarseedarrivalsfromthelatestharvestarewearingoffthoughaspoorpricesarenotenthusingfarmerstobringtheirproducetothemandies.Exportdemandforgumalsolookspoorgiventhebleakundertoneinglobalcrudeoilprices.Theglobalcrudeoilpriceshavedroppedtotheirfreshfiveyearlowsyetagain.
WheatisunlikelytoseemuchofanupsideassuppliesfromFCIaresufficientforlargemillsrequirements.Wheatcropisseengoodthoughfurtherprogresswoulddependupontheweathercues.Theareaundersowingoftotalcoarsecerealsisat43.12lakhhectaresascomparedtolastyear's46.07lakhhectares.
SomestockiestbuyingisemerginginTurmeric.Thecommodityiswitnessingsteadymovesafterasharpsurgeinthelastsession.NotmuchofdemandisemerginginTurmericrightnow.Theglobalscenarioisalsotepidwiththeexportquoteslingeringaround$3.53pertonne,down3%ontheyear.StockistsareexpectingasteadyoutputinneartermthoughsometradersareeyingfreshdemandtoemergeinJanuaryasnewcroparrivalsarestillfourmonthsaway.
AhighlyvolatileactivityisseeninMustardaftermassivegainsinthepricesoverlastfewweeks.NotmuchofadownsideisexpectedinMustardseedandoilpricesastradersareexpectingasharpdropinoutput.Thesowingareaundertotaloilseedsisat67.95lakhhectaresascomparedto75.09lakhhectareslastyear.Theclimateisnotconduciveforthecommodityrightnow.GoodbuyingisseeninMustardmealwiththeexportstakingplacearound$290pertonne.Tradersareexpectingserioussetbacktotheharvestifsomerainfalldoesnotoccurinnearterm.

5. 5
FundamentalWatch : Chana
CHANA ARRIVALS AT KEY SPOT MARKET National & International Market Update
Pulsesmarketnoticedfirmmovement.TheReserveBankofIndia(RBI)issettogivein-principleapprovalforforeigninstitutionalinvestors(FIIs)andbankstoparticipateincommoditymarkets.AtChennaiport,174containersofurad,35containersofgreenungbeansand20containersoftoorwholearrivedonDec.8,2014.RabiPulsesSowingDown11.5%Y-O-Y,ChanaDown17.2%. AccordingtoMinistryofAgriculture,totalrabipulsesacreagetillDec05,2014isdownby11.56%to107.85lakhhectare(Ha.)ascomparedwithlastyear’sareacoverageof121.96lakhhectareduringthecorrespondingweek. Theareaplantedunderchanaisalsodownto69.43LakhHa.against83.89lakhha. Myanmar’sgovernmentislikelytoreleaseitsNationalExportStrategyinJanuary2015.Thenationalexportitemscompriseofbeansandpulses,rice, edibleoilcrops,marineproducts,textilesandclothes,timberandforestproducts,andrubber.TheUSDA'sCommodityCreditCorporationofficereleasepurchasetenderfor4680tonneofpeasforJanuaryandFebruaryshipments.
CENTER
11-Dec-14
10-Dec-14
Change
AJMER
NA
300
-
ALWAR
300
500
-200
ASHOKNAGAR
700
700
UNCH
AHMEDNAGAR
500
500
UNCH
AKOLA
500
500
UNCH
UJJAIN
700
NA
-
VIJAYWADA
2000
500
1500
CROP
NAME
AVG AREA AS ON DATE
ABSOLUTE CHANGE OVER +/-LASTYEAR
GRAM
76.19
-14.46
PEAS
7.03
0.20
URAD
2.95
-0.39
MOONG
1.57
0.445
OTHERS
4.462
0.526
TOTAL
92.202
-13.679

6. Technical Outlook
6
SELL DHANIYA JAN BELOW 13080 TGTS 13050,13000 SL 13130
SELL GUARGUM JAN BELOW 11550 TGTS 11500,11400 SL 11640
SELL CASTORSEED JAN BELOW 4700 TGTS 4670,4620 SL 4750
BUY TMC APR ABOVE 7700 TGTS 7750,7850 SL 7610

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