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DAILY AGRI COMMODITY REPORT 20th AUGUST 2014

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DAILY WRAP UP

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

DHANIYA

SEP. 11644 11791 11612 11722 +1.10 38750 23940

INTRADAY LEVELS

SUPPORT

SUPP. 1

11614

SUPP. 2

11507

PIVOT

11703

RESISTANCE RES. 1

11810

RES. 2

11899

Dhaniya 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. 4164 4238 4148 4218 +1.30 18075 114300

INTRADAY LEVELS

SUPPORT SUPP. 1

4236

SUPP. 2

4187 PIVOT

4270

RESISTANCE RES. 1

4319

RES. 2

4353

Castorseed Short term trend is down. Price expected to go down in coming days

.

SOYABEAN

OCT. 3440 3488 3372 3421 -0.58 73740 84080

INTRADAY LEVELS

SUPPORT

SUPP. 1

3366

SUPP. 2

3311

PIVOT

3427

RESISTANCE RES. 1

3482

RES. 2

3543

Soyabean price is in down trend and may continue in

upcoming days.

GUARGUM

OCT. 16490 17060 16490 17000 +3.60 12316 12346

INTRADAY LEVELS

SUPPORT SUPP. 1

16640

SUPP. 2

16280

PIVOT

16850

RESISTANCE RES. 1

17210

RES. 2

17420

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 4218 4164

Chana 2980 2909

Coriander 11722 11595

Cotton Seed Oilcake 1826 1801

Guarseed 5840 5630

Jeera 11345 11195

Mustard seed 3421 3399

SoyBean 3421 3441

Sugar M Grade 3085 3088

Turmeric 6634 6544

% Change

1.3

2.44

1.1

1.39

3.73

1.34

0.65

-0.58

-0.10

1.38

TOP LOSERS

SYMBOL EXPIRY DATE CURRENT

PRICE CHANGE

CHANGE %

SHANKAR KAPAS 31-12-2014 946.00 -20.50 -2.12%

SOYABEAN 20-10-2014 3421.00 -20.00 -0.58%

TOP GAINERS

SYMBOL EXPIRY DATE

CURRENT PRICE

CHANGE CHANG

E %

CHANA 20-08-2014 2954.00 72.00 2.50%

JEERA 20-08-2014 11365.00 220.00 1.97%

CASTOR SEED NEW 20-08-2014 4173.00 53.00 1.29%

COTTON SEED OIL CAKE AKOLA

20-08-2014 1785.00 22.00 1.25%

GUR 19-09-2014 1151.00 9.50 0.83%

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COMMODITIES IN NEWS

CHANA

Chana prices closed higher 0.91 per cent on Monday at the National Commodity & De-rivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the com-modity on account of the good demand in the market. At the NCDEX, Chana futures for August 2014 contract closed at Rs. 2,892 per quintal, up by 0.91 per cent, after opening at Rs. 2,874 against the previous closing price of Rs. 2,866. It touched the intra-day high of Rs. 2,892.Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the Chana prices. India is the largest pro-ducer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tones and contributes around 70 per cent of the total world production.

CORIANDER

Cardamom futures for September 2014 contract were trading at Rs 958.10 per kg, up by 0.25 per cent, after opening at Rs. 956 against the previous closing price of Rs. 955.70. It touched the intra-day high of Rs. 961 till the trading. (At 10.30 AM today).Sentiment improved further as a result of firm demand in the market against restricted arrivals from producing belts of Chandausi in Uttar Pradesh. Kerala (70 per cent), Karnataka (20 per cent) and Tamil Nadu (10 per cent) are the cardamom growing states in India while about 90 per cent of the produce is consumed within the nation. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.

CARDAMOM

Coriander prices rose by 0.97 per cent on Tuesday at the National Commodity & Deriva-tives Exchange Limited (NCDEX) as a result of the limited stocks on account of re-stricted arrivals from the major growing belts. At the NCDEX, coriander futures for Au-gust 2014 contract was trading at Rs. 11,548 per quintal, up by 0.97 per cent after open-ing at Rs. 11,499 against the previous closing price of Rs. 11,437. It touched the intra-day high of Rs. 11,548 till the trading. (At 11.20 AM today). Sentiment improved further as the investors enlarged their holdings tracking the surge in the demand for the com-modity. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterra-nean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandina-vian cuisine.

ECONOMIC NEWS

The death toll in floods that have hit parts of Uttar Pradesh, Bihar, Assam and Uttarakhand has been put at 100, although that's seen as conservative, while more than 20 lakh people may still be marooned. Nearly 50,000 have been rescued, ac-cording to estimates. The number of people who have died could rise once rescue operations are completed. National Disaster Response Force relief teams in the flood-hit states are moving people to safer areas, A cloud burst in Uttarakhand left a massive swathe of destruction, washing away homes and schools, besides leaving villages and farms submerged af-ter flash floods. Areas in Uttar Pradesh, Bihar and Assam were inundated as rivers overflowed after Nepal was forced to open dam gates upstream.

At least 50 people are estimated to have died in Uttarakhand. Officials in neighboring Uttar Pradesh state reported 34 deaths while nine are said to have died in Bihar. Farmers are trying to cope with the situation where possible. "It's a chal-lenging situation with 120 villages hit by the floods. We esti-mate over 25,000 hectares largely under paddy to be im-pacted. Sugarcane crop is unlikely to see any major loss," said Amrit Lal Meena, agriculture secretary, Bihar. Farmers in these villages could sow short-duration paddy or opt for early rabi sowing of maize, pulses --masur, chana--and oilseeds such as mustard, he said.

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FUNDAMENTAL AND MANDI REPORT

CASTORSEED

National Market Report

Castor seed market continued to reel under pressure due to higher cov-erage area, lower demand and sluggish trading activities. Market re-mained closed due to continuous holidays last week and it’s impact re-mains visible in cash and futures market .Short term outlook remains bearish and nearby futures contact may test 4100 soon. However, buy-ers may start buying at lower level and it would be supportive for the market August onward.

higher than last year (4.89 lakh ha.) till date.

Normal area for whole kharif season is 10.37 lakh ha. Area under castor seed is likely to increase at least by 9 to 10 percent

International Update

FoB quote for castor oil at Kandla has increased from $1430 to $1440 for export in last three days. Price has increased almost $10 per tonne today despite lower quotes for seed. Buy-ers like China,EU and Japan may enter in to the market in second half of August for bulk buying. Demand for castor meal continues from EU, USA and China. However, recent dip has slowed down fresh deal for the same. As buyers remain inactive FOB price is bound to stay steady in the third week of August. Export quote for meal increased slightly by $2 to $108 per tonne today. Price of castor oil in Rotterdam too has decreased from $1755to $1705

STOCK POSITION AT NCDEX WAREHOUSES

Commodity/center 19-Aug-14 16-Aug-14 Change

Rajasthan 3800 4000 -200

Gujrat 3925 4100 -175

Sumerpur 3900 3950 -50

MARKET 19-Aug-14

16-Aug-14

Change

SUMERPUR 80 80 UNCH

JODHPUR 240 400 -160

RAJKOT CLOSED CLOSED -

GONDAL CLOSED CLOSED -

DEESA NR 1600 -

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COMMODITY NAME LOCATION PRICE

Bajra Jaipur 1230

Barley Jaipur 1478.35

Castor Seed Disa 4221.65

Castor Seed 1 MT Disa 4221.65

Chana Bikaner 2880

Chana Delhi 2977.2

Chana Indore 2979.75

Chana 1 MT Delhi 2977.2

Chilli Guntur 7375

Chilli Teja Khammam 10353.85

Copper Cathode Mumbai 415.4

Coriander Kota 11055.55

COMMODITY NAME LOCATION PRICE

Ref Soya Oil Nagpur 659

Ref Soya Oil Indore 646.6

Ref Soya Oil Mumbai 640.5

Soy Bean Kota 3871.2

Soy Bean Indore 3879

Soy Bean Nagpur 3978

Sugar M Grade Kolhapur 3084.5

Sugar M Grade Kanpur 3300

Sugar M Grade Erode 3173

Sugar M Grade Muzaffar Nagar 3291

Sugar M Grade Delhi 3302.5

Wheat New Indore 1610

Wheat New Bareilly 1567.5

Wheat New Kanpur 1535

SPOT QUOTES

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RECOMMENDATIONS

SELL BELOW 11685 TGT 11655 -11605 SL 11732 BUY ABOVE 11820 TGT 11850-11900 SL 11770

SELL BELOW 16900TGT 16850 -16750 SL 16990 BUY ABOVE 17060 TGT 17110 –17210 SL 17070

SELL BELOW 4205 TGT 4175-4125 SL 4255 BUY ABOVE 4245 TGT 4275 -4325 SL 4205

SELL BELOW 3360 TGT 3330-3280 SL 3410 BUY ABOVE 3435 TGT 3465-3515 SL 3385

DHANIYA (SEP.) GUARGUM (OCT.)

SOYABEAN (OCT.) CASTORSEED (SEP.)

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