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1. DAILYAGRI COMMODITY REPORT
25 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 6502 6510 6391 6440 -1.27 18290
INTRADAY
LEVELS
SUPPORT SUPP.1
7034
SUPP. 2
6653
PIVOT
6772
Dhaniya short term
trend is down, further
more downside is
expected in coming
days.
RESISTAN
CE
RES. 1
7153
RES. 2
6991
CASTORSEED
MAR 3594 3645 3532 3628 +0.39 57990
INTRADAY
LEVELS
SUPPORT SUPP. 1
3558
SUPP. 2
3489
PIVOT
3602
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
3671
RES. 2
3715
TURMERIC
APR 8800 8930 8712 8870 +0.11 18720
INTRADAY
LEVELS
SUPPORT SUPP. 1
8744
SUPP. 2
8619
PIVOT
8837
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
8963
RES. 2
9056
GUARGUM
MAR 8300 8350 8030 8350 -1.76 10959
INTRADAY
LEVELS
SUPPORT SUPP. 1
8137
SUPP. 2
7923
PIVOT
8243
Guargum Short term
trend is Down,
Expecting price may go
Down in coming days.RESISTAN
CE
RES. 1
8457
RES. 2
8463

3. Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
REFINED SOY OIL 20-04-2015 596.00 5.00 0.85%
CASTOR SEED NEW 20-03-2015 3644.00 30.00 0.83%
CHANA 20-04-2015 3654.00 30.00 0.83%
COTTON SEED OIL CAKE
AKOLA
20-03-2015 1509.00 8.00 0.53%
SOYABEAN 20-04-2015 3403.00 18.00 0.53%
TURMERIC 20-04-2015 8866.00 42.00 0.48%
RAPESEED-MUSTARD
SEED
20-04-2015 3349.00 13.00 0.39%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-03-2015 15130.00 -470.00 -3.01%
CORIANDER 20-04-2015 6439.00 -75.00 -1.15%
BARLEY 20-04-2015 1138.50 -6.50 -0.57%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3628 3614 +0.39
CHANA 3652 3626 +0.72
CORIANDER 6440 6523 -1.27
GUARGUM 8350 8500 -1.76
JEERA 15120 15595 -3.05
MUSTARD SEED 3353 3337 +0.48
SOYABEAN 3403 3383 +0.59
TURMERIC 8870 8860 +0.11

4. Commodities In News
4
ECONOMIC NEWS
 India’s foodgrains storage capacity available with FCI and State
agencies is711.16 lakh tons against the stock position of 355.60 lakh
ton as on 31.1.2015. Thisinformation was given by the Minister of
State for Consumer Affairs, Food and PublicDistribution, The
Ministersaid that to meet additional requirement of storage in deficit
areas, a capacity of 292730tons in North-East Region (Assam,
Mizoram, Meghalaya, Tripura, Nagaland, ArunachalPradesh)
including Sikkim and 76220 tons in the areas other than North-Eastern
Region i.e.Jammu & Kashmir, Himachal Pradesh, Odisha, Jharkhand,
Kerala and Lakshdweep (UT) hasbeen approved under 12th Five Year
Plan. A total of 49,9120 tons of storage capacity hasbeen constructed
by 31.1.2015.To further augment covered storage capacity in the
country, Government has formulatedPrivate Entrepreneurs Guarantee
(PEG) Scheme for construction of storage capacitiesthrough Private
Entrepreneurs, Central Warehousing Corporation (CWC), State
WarehousingCorporations (SWCs) and State agencies. Under this
scheme, a capacity of 202.22 lakh tonhas been approved for
construction at various locations in 20 States. Out of this, acapacity of
122.88 lakh ton in the form of conventional godowns has been
completed upto31.1.2015. He said that it has been decided by the
Government that the stocks storedtemporarily in the Cover and Plinth
(CAP) storage are to be liquidated first to avoid anydamage.
 Steady trend was seen in wheat due to possibility of delay
harvesting of new crop on the back of erratic monsoon in Northern
India. Traders are expecting strong domestic production in the current
year. As per the latest release from the United States Department of
Agriculture (USDA), Global wheat production is projected at 725.03
million tonnes in 2014-15, up 1.73 million tonnes from the previous
update. This was mainly due to strong production in Argentina and
Kazakhstan.
 Turmeric witnessed some selling today due to limited demand by
exporters in major mandies.spot demand amid on profit-taking.
However a likely fall in the production due to a sharp drop in the area
under cultivation restricted the downside. In 2014-15, the Production of
pulses estimated at 18.43 million tonnes is lower by 4.36% from 19.5
million tonnes produced in 2013-14. India is likely to harvest 16%
lower chana in 2014-15 from last year on lower planted area (down
16% Y-O-Y). cureret year, down 20 lakh bags from the last year in the
same period. Acreage of the crop harvested in 2015 is forecasted 13%
lower at 8.19 million hectare as compared to 10.19 million hectare in
previous season In Nizamabad, a major spot market in AP, the price
ended at 8218.2 rupees dropped -46.5 rupees.
 Chana prices witnessed some recovery in today's trading due to
limited arrivals and erratic monsoon in major producing states. The
arrivals in Delhi reported at 20 trucks today as compared to 45 trucks
average in the previous week. The prices are trading at Rs 3525 per
quintal, up Rs 25 from the last day.
 Jeera on improvement due demand, though rising new season
supplies capped the upside. According to the data, jeera, a rabi crop,
has been sown on 2.64 lakh hectares (lh) this year in Gujarat compared
with 4.54 lh during the same period a year ago. In Rajasthan, it has
been sown on 3.39 lh this year against 3.90 lh last year .sowing of jeera
in Gujarat and Rajasthan has been affected due to erratic monsoon and
farmers fetching low prices in the last two years. Jeera is sown from
October till the beginning of December and harvesting starts in
February. March-April will be the months of peak arrivals. At New
Delhi market estimated market supply was at 9000 quintals, lower by
3000 quintals from previous trading day. At Jodhpur market total
arrivals are at 250 quintals.

5. 5
Fundamental Watch :Sugar
SUGAR PRICES AT KEY SPOT MARKET
National Market Update
 Indian firm Shree Basaveshwar Sugars Limited (SBSL) had signed up a
project to build a SR1.5-billion ($400 million) sugar refinery in Jazan
Industrial City in southern Saudi Arabia. Industry executives pegged the
Indian raw sugar production in between 8-10 lakh tons this season despite
confronting an export limit of 1.4 million tons by the govt. This was because
the Indian crushing season is expected to cease down soon with most of the
sugar mills, especially in southern India wrapping down for the season.The
Indian govt. approved the much awaited raw sugar export subsidy for this
season 2014-15 i.e. 1st Oct, 2014- 30th Sep, 2015. Notably, the subsidy was
given at a rate of Rs 4,000/ton up to a limit of 1.4 million tons to help the cash
starved sugar industry in the country. Owing to the ethanol demand by OMC’s
(Oil Marketing Companies), 35 sugar mills in Maharashtra had placed bid to
supply 21 crore liters of ethanol in 2014-15 catering almost 65% of the total
demand by firms.Sugar market condition worsens in Tamil Nadu as the
neighboring state Karnataka, dumped its excessive production on to the state
leading to a huge accumulation of buildup stock. 518 sugar mills in India had
produced 167.08 lakh tons of sugar till 15th Feb, 2015 for MY 2014-15 which
was 15.01% higher than the production made last year during the same
interval.
 With an end to the crushing season in Brazil, the main Center South region
had churned around 14 thousand tons of sugar in second half of January, 2015
compared to 28 thousand tons in the first half of January (2015).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. The Brazilian govt. announced an increase in ethanol
blending with gasoline from 25 per cent at present to 27 per cent. The move is
likely to help the devastating sugar industry as more cane could now be
diverted towards ethanol production in the country.
CENTER 24-Feb-15 23-Feb-15 Change
DELHI 2800 2810 -10
DHAMPUR 2640 2660 -20
MUMBAI 2886 2896 -10
KOLHAPUR 2575 2580 -5
VIJAYWADA 3070 3070 UNCH
NAGPUR 3000 3000 UNCH
KOLKATA 2840 NA -

6. Technical Outlook
6
SELL DHANIYA APR BELOW 6390 TGTS 6360,6310 SL 6440 BUY GUARUGM MAR ABOVE 8350 TGTS 8400,8500 SL 8260
SELL CASTORSEED MAR BELOW 3610 TGTS 3580,3530 SL 3660 SELL TMC APR BELOW 8800 TGTS 8750,8650 SL 8890

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