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DAILY AGRI COMMODITY REPORT 18th AUGUST 2014

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DAILY WRAP UP

MONTH OPEN HIGH LOW CLOSE % CHG OI (in Lots) VOL

DHANIYA

SEP. 11820 11823 11551 11632 -1.99 43500 25270

INTRADAY LEVELS

SUPPORT

SUPP. 1

11501

SUPP. 2

11369

PIVOT

11684

RESISTANCE RES. 1

11816

RES. 2

11999

Dhaniya is short term trend is down, and further more

down is expected in coming days.

MONTH OPEN HIGH LOW CLOSE %

CHANGE OI (in lots)

VOL

CASTORSEED

SEP. 4331 4341 4275 4297 -1.20 179320 110450

INTRADAY LEVELS

SUPPORT SUPP. 1

4265

SUPP. 2

4233 PIVOT

4307

RESISTANCE RES. 1

4339

RES. 2

4381

Castorseed is consolidating in a range ,prices expected to go up coming days

.

SOYABEAN

OCT. 3646 3648 3510 3510 -3.99 76270 101450

INTRADAY LEVELS

SUPPORT

SUPP. 1

3464

SUPP. 2

3418

PIVOT

3556

RESISTANCE RES. 1

3602

RES. 2

3694

Soyabean price is in down trend and may continue in

upcoming days.

GUARGUM

OCT. 16250 16400 15730 15870 -1.37 11148 15038

INTRADAY LEVELS

SUPPORT SUPP. 1

15620

SUPP. 2

15370

PIVOT

16010

RESISTANCE RES. 1

16260

RES. 2

16650

Guargum Short term trend is up, Expecting price may go

up in coming days.

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NCDEX INDICES

FUNDAMENTAL AND MANDI REPORT

Index Value Pre. Close

CastorSeed 4260 4308

Chana 2870 2897

Coriander 11400 11567

Cotton Seed Oilcake 1750 1740

Guarseed 5525 5405

Jeera 11145 11130

Mustard seed 3434 3525

SoyBean 3510 3656

Sugar M Grade 3080 3077

Turmeric 6450 6430

% Change

-1.11

-0.93

-1.44

0.57

2.22

0.13

-2.58

-3.99

0.1

0.31

TOP LOSERS

SYMBOL EXPIRY DATE CURRENT

PRICE CHANGE

CHANGE %

SOYABEAN 20-10-2014 3510.00 -138.00 -3.78%

SHANKAR KAPAS 31-12-2014 996.00 -30.50 -2.97%

RAPESEED-MUSTARD SEED

20-08-2014 3434.00 -83.00 -2.36%

REFINED SOYOIL 20-08-2014 656.60 -8.80 -1.32%

CASTORSEED NEW 20-08-2014 4260.00 -37.00 -0.86%

TOP GAINERS

SYMBOL EXPIRY DATE

CURRENT PRICE

CHANGE CHANGE

%

CORIANDER 20-08-2014 11400.00 42.00 0.37%

TURMERIC 20-08-2014 6450.00 24.00 0.37%

COTTON SEED OIL CAKE AKOLA

20-08-2014 1750.00 5.00 0.29%

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COMMODITIES IN NEWS

CORIANDER

Coriander prices fell by 1.75 per cent on Thursday at the National Commodity & De-rivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for August 2014 contract were trading at Rs. 11,365 per quintal, down by 1.75 per cent, after open-ing at Rs. 11,330 against the previous closing price of Rs. 11,567. It touched the intra-day low of Rs. 11,300 till the tradesman in the market. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scan dinavianing. (At 11.33 AM today). Sentiment weakened further as speculators reduced their positions on the back of sluggish

JEERA

Jeera futures pared the previous gains on short selling on improved arrivals, weak de-mand amid on technical cues. The NCDEX Jeera September delivery settled the day at Rs 11,225, down Rs 85 or 0.75%. Selling extended in spot Jeera amid lack of demand at elevated levels following rising arrivals. The total stocks in local mandies were almost double of the previous year's level of 35 lakh bags due to record production in the cur-rent year. The NCDEX Jeera September delivery ended the day at Rs 11,225, down Rs 85 or 0.75% and the open interest added 129 tones to 8,088 tones, indicating short selling.

SOYABEAN

According to ministry of agriculture, Kharif soybean sowing area has progressed to 107.77 lakh hectares as on 14 August 2014, but is still 10.96% lower than the 121.04 lakh hectares sown by this time last year. Rains during the last 2-3 weeks support the sowing pace over key growing belts and the numbers are likely to improve in the days ahead. State wise details, in MP soybean has been sown in 56.59 lakh hectares, in Maharashtra sowing reached to 35.12 lakh hectares and in Rajasthan sowing reached to 8.16 lakh hectares. This index rose by 2.7 percent due to a spike in certain food articles like fruits & vegetables, wheat and poultry & meat products.

ECONOMIC NEWS

The July wholesale price inflation (WPI) came in at 5.19 percent (provisional), marginally higher than CNBC-TV18 poll of 5.16 percent. The 2013 July wholesale price inflation stood higher at 5.85 percent. Alongside, the government has revised May inflation numbers higher at 6.18 percent, marking it the third revision of prices in recent months. However, July core inflation declined to 3.32 percent against 3.9 per-cent in the previous month. The movement of the in-dex for the various commodity groups is summarized below Primary Articles (Weight 20.12 percent): This index rose by 2.7 percent due to a spike in certain food articles like fruits & vegetables, wheat and poultry & meat products.

However, Primary Articles inflation saw a slight de-cline to 6.78 percent versus 6.84 percent (MoM). The non-food articles index rose marginally by 0.8 percent. Food Article Index: This index rose to 3.56 percent in July whereas food articles inflation grew to 8.43 per-cent Vs 8.14 percent (MoM). Fuel & Power (Weight 14.91 percent): The index for this major group rose by 1.1 percent since June due to higher petrol, high speed diesel and aviation turbine fuel prices. But fuel and power group inflation declined to 7.40 percent from 9.04 percent in June. Manufactured Products

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FUNDAMENTAL AND MANDI REPORT

CHANA

National Market Report India's food production is estimated at 264.77 mn tons in 2013-14 compared to 257.13 mn tons in 2012-13 while kharif crop sowing till August 14 has risen to 876.70 lakh hectares. The production estimates for major crops for 2013-14 are as follows: Total food grains – 264.77 million tonnes -Rice – 106.54 million tonnes -Wheat – 95.91 million tonnes -Coarse Cereals – 43.05 million tonnes -Maize – 24.35 million tonnes -Pulses – 19.27 million tonnes -Tur – 3.29 million tonnes -Urad – 1.51 million tonnes -Moong – 1.50 million tonnes -Gram – 9.88 million tonnes -Oilseeds – 32.87 million tonnes

International Update NCDEX Chana futures price corrected, across contracts on dull buying. Valid Chana stocks at NCDEX warehouse reported around 117884tons lower by 38tons as on 11thAustralian Chana C&F price was around $530/535/ton. At Mumbai local market Australian Chana traded steady at Rs.3050/quintal. Around 5containers (100tons) of Australian Chickpeas arrived at Nhava Sheva port on 12/8/2014. Around 34containers (680tons) of Tanzania Chana dal, 10containers (200tons) of Ukraine Kabuli Chana arrived at Nhava Sheva port on 11/8/2014. At Chennai port, around 8containers (160tons) of Chickpeas arrived on At Australian local market Chana traded stable, 14/15 Chana crop traded at Mackay, Gladstone, Brisbane and Newcastle reported at A$415/ton, A$420/ton for Sep-Oct shipment and at A$440/ton and at A$435/ton for Oct-Nov shipment. 13/14 and 14/15 chickpea crop quoted at A$445/ton and A$450/ton respectively.

STOCK POSITION AT NCDEX WAREHOUSES

Chana Price (Rs/qtl) in Major Spot Markets

DETAILS MARKET 13-AUG 14-AUG (+/-) CHG

Chana(Rajasthan)

Delhi 2950 2950 0

Chana(MP) 2925 2925 0

Chana (Kantewala)

Indore 2962 2958 -4

Chana (Mausami) 3038 3038 0

Chana (Vijay variety) Amravati

3000 3000 0

Chana (Vijay variety) Akola

2850 2825 -25

Chana (Local) Latur 3200 3100 -100

Chana(Local) Jaipur 2925 2925 0

Chana(Local) Jodhpur 2850 2850 0

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COMMODITY NAME LOCATION PRICE

Castor Seed Disa 4281

Castor Seed 1 MT Disa 4281

Chana Bikaner 2830

Chana Delhi 2944.2

Chana Indore 2946.25

Chana 1 MT Delhi 2944.2

Chilli Guntur 7338.45

Chilli Teja Khammam 10340

Coriander Kota 11113.65

Cotton Kadi 18764.05

Cotton Seed (Industrial Grade) Akola 2300

Cotton Seed Oilcake Akola 1796.65

Cotton Seed Oilcake Kadi 1827.1

Crude Palm Oil Kandla 518.75

Guar Gum Jodhpur 15413.3

Guar Seed 10 MT Jodhpur 5600

Guarseed Jodhpur 5600

Guarseed Bikaner 5500

COMMODITY NAME LOCATION PRICE

Mustardseed Jaipur 3650

Mustardseed Alwar 3680.8

Ref Soya Oil Nagpur 669.9

Ref Soya Oil Indore 661.85

Ref Soya Oil Mumbai 651

RUBBER_NEW Kochi 13050

Soy Bean Kota 3923

Soy Bean Indore 3940

Soy Bean Nagpur 4080

Steel Long Mandi Gobindgarh 33650

Steel Long Commercial Thane 30800

Sugar M Grade Kolhapur 3070.7

Sugar M Grade Kanpur 3320

Sugar M Grade Erode 3173

Sugar M Grade Muzaffar Nagar 3295.45

SPOT QUOTES

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RECOMMENDATIONS

SELL BELOW 11575 TGT 11545-11495 SL 11625 BUY ABOVE 11725 TGT 11755-11805 SL 11675

SELL BELOW 15750 TGT 15700-15600 SL 15840 BUY ABOVE 16100 TGT 16150 –15250 SL 16010

SELL BELOW 4270 TGT 4240-4190 SL 4320 BUY ABOVE 4320 TGT 4350-4400 SL 4270

SELL BELOW 3480 TGT 3450-3400 SL 3530 BUY ABOVE 3570 TGT 3600-3650 SL 3520

DHANIYA (SEP.) GUARGUM (OCT.)

SOYABEAN (OCT.) CASTORSEED (SEP.)

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