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• INTRODUCTION
• OVERVIEW OF NCDEX
• IMPRESSIVE GROWTH OF AGRI COMMODITY
• KEY SHAREHOLDER OF NCDEX
• FACTOR AFFECTING THE PRICE OF AGRI COMMODITY
• PRODUCT OF NCDEX
• TECHNICAL VIEW OF AGRI COMMODITY
• CONCLUSION
TABLE OF CONTENT

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INTODUCTION:-
National Commodity & Derivatives Exchange Limited (NCDEX): is an
online commodity exchange based in India, it is a nation-level, technology
driven on-line commodity Exchange with an independent Board of
Directors and professional management. It is committed to provide a
world-class commodity Exchange platform for market participants to
trade in a wide spectrum of commodity derivatives driven by best global
practices, professionalism and transparency.
The NCDEX Commodity Index is an equal-weighted spot price index of 20
agricultural commodities covering different groups such as oil And
oilseeds, pulses, Spices, fibers, etc.
It is the first such index to be launched in India. Based on the
components of the spot price index, NCDEX also displays the national
index futures- essentially, the no-arbitrage price if one were to buy
futures on the spot index. This price is derived by tracking the futures
prices of the index components at the same weight age as the spot index.
Currently, index futures are not allowed in India under the FCRA
(Forward Contracts Regulation Act, 1952), which requires compulsory
physical settlement of futures contracts.
National Commodity and Derivative Exchange of India is a de-metalized
online commodity exchange of India promoted by NSE, ICICI Bank, LIC,
PNB, CRISIL, NABARD IFFCO and Canara Bank

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OVERVIEW OF NCDEX
• NCDEX offers futures trading in 31 agri and non-agri commodities.
• Ncdex had 848 registered members and client base of @ 20 Lakh
as on 31 July 2013.
• Trading conducted on more than 49,000 terminals across 1000
centers in India as on 31 July 2013
• Facilitates deliveries of commodities through a network of over
594 accredited warehouses through 8 Warehouse Service
Providers with holding capacity of around 1.5 million tones
• Average deliveries of 1 lakh MT at every contract expiry; Average
delivery ratio for Q1 of financial year 2013-14 is 98 %
• Exchange for Physicals. Recently announced EFP (Exchange for
Physicals) facility in 18 contracts traded on the Exchange platform,
which will help trade participants in addressing their counterparty
and business risks inherent in the bilateral transactions in the
physical market.

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IMPRESSIVE GROWTH OF AGRI
India ranks second worldwide in farm output. Agriculture and allied sectors
like forestry, logging and fishing accounted for 16.6% of the GDP in 2011,
employed 50% of the total workforce and despite a steady decline of its share in
the GDP, is still the largest economic sector and plays a significant role in the
overall socio-economic development of India. Yields per unit area of all crops
have grown since 1950, due to the special emphasis placed on agriculture in
the five-year plans and steady improvements in irrigation, technology,
application of modern agricultural practices and provision of agricultural credit
and subsidies since the green revolution.
India is the largest producer in the world of milk, cashew nuts, coconuts, tea,
ginger, turmeric and black pepper. It is the second largest producer of wheat,
rice, sugar, groundnut and inland fish. It is the third largest producer of tobacco.
India accounts for 10% of the world fruit production with first rank in the
production of banana and sapota.

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• Jaypee Capital
• Renuka Sugars
• Life Insurance Corporation of India (LIC)
• National Bank for Agriculture and Rural Development (NABARD)
• National Stock Exchange of India (NSE)
• Punjab National Bank (PNB)
• CRISIL Limited (formerly the Credit Rating Information Services of
India Limited)
• Indian Farmers Fertilizer Cooperative Limited (IFFCO)
• Canara Bank
• Goldman Sachs
• Intercontinental Exchange (ICE)
• Build India Capital Advisors LLP
KEY SHAREHOLDER OF NCDEX

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• Global and Domestic Production /Demand.
• Government policy with regard of imports and exports.
• Climatic conditions and Rainfall.
• Daily Arrivals and trades in the cash market.
• International Market Price parity.
• Year ending stocks and stocks-to-consumption ratio.
• Cost of Carry components (Warehousing, Demat charges)
• Spot Prices
• Daily Margins
FACTORS AFFECTING PRICE OF AGRI COMMODITY

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AGRI PRODUCT
PRODUCT STRUCTURE OF NCDEX
NON AGRI PRODUCT
METALS: - Steel, Copper
ENERGY: Crude oil, Brent crude oil
PRICEOUS METALS: - Gold, Gold (100),
silver, Silver (5kg)
OTHER OTHERS: - Polyvinyl Chloride
Cereals and pulses: - Barley, Chana,
Maize, Wheat
SPICES: - Pepper, Turmeric, Jeera,
Chilli, Coriander
OIL AND OILSEED:- Soybean, Refined
Soy Oil, Castor seed, Mustard Seed,
RM Seed, Cotton Seed Oilcake, RBD
Palmolein, Mentha oil.
OTHER: - Kapas, Sugar, Gur, Rubber,
Poteto Guarseed, Guargum,

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SCENARIO:- Soybean is called as Golden Bean. The plant is classed as an oilseed and
is an important global crop, India, USA, Brazil, Argentina AND China are the largest
soybean producing countries in the world. Soybean is largest grown oilseeds in the world,
among major oilseeds, higher percentage of meal extracted from Soybean 82%. The
Prices of soybean determined by demand and supply of oil and meal.
SOYBEAN
TECHNICAL OUTLOOK
The trend in NCDEX soybean November delivery looks positive and further up-tick
is expected for near term. “Support for the commodity is seen at 3350 while
resistance at 3710 level. Traders are advised to buy on dips around 3390 with the
stop loss of 3350 for the target of 3685”, according to our analyst at Theequicom.

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SCENARIO: - Soy oil prices in India are largely influenced by the international edible
oil price movements (especially palm oil at BMD and soy oil at CBOT) and spot markets of
Indore and Mumbai serve as the 'reference' market for Soy oil prices. While the Indore
price reflects the domestically crushed soybean oil, Mumbai price indicates the imported
soy oil price.
REFINED SOY OIL
TECHNICAL OUTLOOK
The trend in NCDEX Refined soy oil November delivery looks positive and
further up-tick is expected for near term. Support is seen at 648 while resistance
is seen at 705 levels. Traders may buy around 655 with the stop loss of 648 for
the target of 695, according to our analyst at Theequicom.

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SCENARIO:- India is the largest producer of chickpea (Chana) followed by Pakistan,
Turkey and Iran. India produces around 6 to 8 million tones and contributes around 70%
of the total world production. Chickpea (Chana) is the most largely produced pulse crop
in India accounting to a share of 40% of the total pulse production. India produces mostly
the Desi type chickpeas.
CHANA
TECHNICAL OUTLOOK
NCDEX chana for November delivery looks consolidate for near term. Resistance:
3170, 3255 Support: 2750,2585 “Break out of any of the sides of the range 2850-
3110 is expected to give clear direction to the commodity prices in the near
term,” according to our analyst at Theequicom.

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SCENARIO:- India is the world's largest producer of turmeric and produces nearly 80-
85% of world's total production, which stands at around 6.0 lakh MT to 7.0 lakh MT per
year. Major producers in India are Andhra Pradesh, Tamilnadu, Orissa, West Bengal,
Karnataka, and Maharashtra. India is the world’s leading exporter, prime export
destinations being UAE, USA, Bangladesh, Sri Lanka, Japan, Malaysia, UK,
TURMERIC
TECHNICAL OUTLOOK
Technically the trend in the turmeric looks positive and is likely to continue with
the trend for near term. Support is seen at 4555 while resistance is seen at 4945
level. Traders may buy around 4880 with the stop loss of 4780 for the target of
5050, according to our analyst at Theequicom.

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SCENARIO:- Global production of coriander is about 2.9 lakh MT to 3.35 lakh MT per
years. India contributes around 80% of world coriander production and produces
around 2.5-3.0 lakh MT annually, Other major producers are Morocco, Canada, Pakistan,
Romania. Major importers are Indonesia, Singapore, Sri lanka, UAE and USA. Rajasthan
(60%) is the major producer of coriander in India
Coriander
TECHNICAL OUTLOOK
The trend in NCDEX dhaniya November delivery looks positive and further up-tick
is expected for near term. Support is seen at 5360 while resistance is seen at 6245
level. Traders may buy around 5485 with the stop loss of 5360 for the target of
6195, according to our analyst at Theequicom.

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Conclusion:-
This report is based on our best research and various information of
different informative sites and important data. In this report we
describe Technical view of Agri commodity and key factors that
affecting price of Agri commodity. NCDEX’s ability to use and apply
technology efficiently is a key factor in the development of its business.
NCDEX has been continuously raising the bar through effective
research and product development, intelligent use of information and
technology, innovation, thought leadership and ethical business
conduct. NCDEX has more than 10 key share holders that plays
important role.

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