This document provides a daily commodity report with information on commodity prices, market views, and commodities in the news. It includes intraday support and resistance levels for various commodities like dhaniya, castorseed, turmeric, and guargum. It also provides the most active contracts, top gainers and losers, and NCDEX indices values. Finally, it covers economic news affecting commodities, a fundamental watch on sugar prices and production, and provides some technical trading recommendations.

1. DAILYAGRI COMMODITY REPORT
19 Feb 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
APR 7100 7105 6812 6812 -3.99 18210
INTRADAY
LEVELS
SUPPORT SUPP.1
6714
SUPP. 2
6617
PIVOT
6910
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
7007
RES. 2
7203
CASTORSEED
MAR 3780 3829 3771 3812 +0.55 44720
INTRADAY
LEVELS
SUPPORT SUPP. 1
3779
SUPP. 2
3746
PIVOT
3804
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
3837
RES. 2
3862
TURMERIC
APR 8622 8820 8564 8710 +4.66 33120
INTRADAY
LEVELS
SUPPORT SUPP. 1
8576
SUPP. 2
8442
PIVOT
8698
Turmeric short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
8832
RES. 2
8954
GUARGUM
MAR 9290 9500 9250 9300 +0.54 6396
INTRADAY
LEVELS
SUPPORT SUPP. 1
9200
SUPP. 2
9100
PIVOT
9350
Guargum Short term
trend is Down,
Expecting price may go
Down in coming days.RESISTAN
CE
RES. 1
9450
RES. 2
9600

3. Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-4-2015 15800 740 +4.91
TURMERIC 20-4-2015 8710 388 +4.66
V 797 KAPAS 31-03-2015 746.00 15.50 +2.12
CHANA 20-4-2015 3724 62 +1.69
REFINED SOY OIL 20-02-2015 627.25 1.25 +0.20
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
COTTON SEED OIL CAKE
AKOLA
20-02-2015 1467.00 -3.00 -0.20%
CORIANDER 20-04-2015 6812 -283.00 -3.99%
BAELEY 20-04-2015 1144 -40 -3.38
WHEAT 20-4-2015 1483 -22 -1.46
MUSTARDSEED 20-5-2015 3398 -38 -1.02
SOYABEAN 20-4-2015 3407 -20 -0.58
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3812 3791 +0.55
CHANA 3585 3566 +0.53
CORIANDER 7812 7095 -3.99
GUARGUM 9300 9250 +0.54
JEERA 15445 14615 +5.68
MUSTARD SEED 3367 3400 -0.97
SOYABEAN 3407 3427 -0.58
TURMERIC 8710 8322 +4.66

4. Commodities In News
4
ECONOMIC NEWS
As per 2nd Advance Estimates for 2014-15, total foodgrains
production in the country is estimated at 257.07 million tonnes
which is the fourth highest quantity of annual foodgrains
production in the country.It may be noted that despite
deficiency of 12% in the monsoon rainfall during the year, due
to proactive measures of the Ministry of Agriculture, the loss
in production has been restricted to just around 3% over the
previous year and has exceeded the average production during
the last five years by 8.15 million tonnes.As compared to last
year’s record production of 265.57 million tonnes, current
year’s production of foodgrains is lower by 8.50 million
tonnes. This decline has occurred on account of lower
production of rice, coarse cereals and pulses due to erratic
rainfall conditions during the monsoon season-2014.Total
production of rice in the country is estimated at 103.04 million
tonnes which is lower by 3.61 million tonnes than the last
year’s record production of 106.65 million tonnes. Production
of wheat estimated at 95.76 million tonnes is marginally lower
than the record production of 95.85 million tonnes of wheat
during 2013-14. Total production of Coarse Cereals estimated
at 39.83 million tonnes is lower by 3.46 million tonnes than
their production during 2013-14.Production of pulses
estimated at 18.43 million tonnes is lower by 1.35 million
tonnes than the last year’s production but higher by 0.81
million tonnes than their average production during the last
five years. With decrease of 2.92 million tonnes over the last
year’s production level, total production of oilseeds in the
country is estimated at 29.83 million tonnes. Production of
sugarcane is estimated at 354.95 million tonnes which is
higher by 17.14 million tonnes.
 Castor seed is witnessing frail moves as the spot markets reel lower.
The commodity has been pressurized in last few months on heavy
domestic stocks. Spot prices are lingering at Rs 3800 per quintal in Disa-
down Rs 50 per quintal on the day. These are the lowest levels in around
nine months for the commodity. Castor meal exports have also been hit.
The overall exports of Castormeal stood at 330082 tonnes in April-
December 2014- down 20% on year.
 Spot Jeera is well supported. Traders fear a drop in yields. A 40%
projected drop in India's production and improving demand scenario will
keep prices supported for the commodity. Output have fallen this year as
farmers shifted to some other crops on lower Jeera prices last year amid
poor yield on bad weather. Arrivals in Unjha were 4000 bags today out
of which 400 were from new season. Spot prices trade at Rs 15536 per
quintal, up Rs 55 per quintal on the day.
 Steady demand continues to emerge in Chana. Poor rabi sowing data
continue to support Chana prices. Old stock Chana is not witnessing
much demand. The major producing belt in northern states has
witnessed decent rainfall in last few days, boosting hopes of excellent
yields. Delhi Spot prices are trading at Rs 3500 per quintal today, up Rs
10 per quintal on the day. The area under sowing of Gram is at 83.93
lakh hectares this year while the last year's figure was 99.27 lakh
hectares- down 15.45%. Area coverage under Total Pulses is at 138.68
lakh hectares while the last year's sowing area coverage was 154.49 lakh
hectares - down 10.23%.
 Sugar is trading in a steady manner. Prices have recovered from their
lowest levels in three years in local markets but are witnessing a
cautious movement now. Demand is not all that strong as millers are
trying to offload their stocks. Global markets are holding onto their
recent gains but oil prices are being watched nervously.

5. 5
Fundamental Watch :Sugar
SUGAR PRICES AT KEY SPOT MARKET
National Market Update
 518 sugar mills in India had produced 167.08 lakh tons of sugar till 15th
Feb, 2015 for MY 2014-15which was 15.01% higher than the production made
last year during the same interval. A higher sugarcane recovery in U.P caused
the state to produce 42.25 lakh tons of sugar in 2014-15 (till 15th Feb,2015)
which was 6.55 lakh tons more than the sugar produced in the corresponding
period last year.The largest sugar producer, Maharashtra had churned around
65 lakh tons of sugar this season (till 15th Feb, 2015) compared to 49.8 lakh
tons of sugar last year during the same corresponding period. The state also
saw a surge in number of sugar mills operating from 146 last year (till 15th
Feb, 2014) to 178 mills (till 15th Feb, 2015) this year. Karnataka registered a
marginal increase (3.41%) in sugar production this year with the state
producing 28.20 lakh tons of sugar till 15th Feb, 2015 compared to 27.27 lakh
tons last year for the same interval.The combined sugar production in Andhra
Pradesh & Telengana slows down this month with only 29 sugar mills
participating in the crushing process yielding a mere production of 6.44 lakh
tons of sugar in 2014-15 (till 15th Feb, 2015) compared to 6.58 lakh ton in
2013-14 (till 15th Feb, 2014). Sugar production in Gujarat declined 3.33 %
with the state producing 7.25 lakh tons of sugar this season (1st Oct, 2014-
15th Feb, 2015) compared to 7.50 lakh tons last year (1st Oct, 2013- 15th
Feb,2014) Sugar production in Haryana rose up to a tone of 7.41% this year
with the state producing 2.9 lakh tons of sugar in 2014-15 (1st Oct, 2014- 15th
Feb, 2015) compared to 2.7 lakh tons a year back (1st Oct, 2013- 15th Feb,
2014).
 As per the data released by UNICA, Brazil had crushed around 570.1
million tons of sugarcane in the crushing season 2014-15 (Apr, 1 – Jan, 31)
compared to 596 million tons in 2013-14 (Apr, 1 –Jan, 31). The severe draught
that hit the country in the beginning of 2014 was citied responsible for the
lower cane production this year.
CENTER 18-Feb-15 17-Feb-15 Change
DELHI 2800 CLOSED -
DHAMPUR 2750 NA -
MUMBAI 2912 NR -
KOLHAPUR 2580 CLOSED -
VIJAYAWADA 3070 3080 -10
NAGPUR 3000 3000 UNCH
KOLKATA 2860 NR -

6. Technical Outlook
6
SELL DHANIYA APR BELOW 6805 TGTS 6775,6725 SL 6855 SELL GUARGUM MAR BELOW 9250 TGTS 9200,9100 SL 9350
SELL CASTORSEED MAR BELOW 3770 TGTS 3740,3690 SL 3820 SELL TMC APR BELOW 8700 TGTS 8650,8550 SL 8800

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