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DAILY AGRI COMMODITY REPORT 21ST AUGUST 2014

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DAILY WRAP UP

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

DHANIYA

SEP. 11730 12050 11730 12022 +2.60 36990 25310

INTRADAY LEVELS

SUPPORT

SUPP. 1

11808

SUPP. 2

11594

PIVOT

11929

RESISTANCE RES. 1

12143

RES. 2

12264

Dhaniya short term trend is down, and furthermore

down is expected in coming days.

MONTH OPEN HIGH LOW CLOSE %

CHANGE OI (in lots)

VOL

CASTORSEED

SEP. 4220 4242 4143 4225 +0.21 175250 1281701

INTRADAY LEVELS

SUPPORT SUPP. 1

4165

SUPP. 2

4104 PIVOT

4203

RESISTANCE RES. 1

4264

RES. 2

4302

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

.

SOYABEAN

OCT. 3440 3490 3377 3388 -0.47 73080 66790

INTRADAY LEVELS

SUPPORT

SUPP. 1

3347

SUPP. 2

3305

PIVOT

3427

RESISTANCE RES. 1

3460

RES. 2

3535

Soyabean price is in down trend and may continue in

upcoming days.

GUARGUM

OCT. 17140 17700 16800 17700 +4.00 12847 18131

INTRADAY LEVELS

SUPPORT SUPP. 1

17100

SUPP. 2

16500

PIVOT

17400

RESISTANCE RES. 1

18000

RES. 2

18300

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 4225 4216

Chana 2974 2980

Coriander 12022 11715

Cotton Seed Oilcake 1821 1831

Guarseed 5990 5830

Jeera 11295 11350

Mustard seed 3429 3414

SoyBean 3388 3404

Sugar M Grade 3050 3079

Turmeric 6570 6620

% Change

0.21

-0.20

2.62

-0.55

2.74

-0.48

0.44

-0.47

-0.94

-0.76

TOP LOSERS

SYMBOL EXPIRY DATE CURRENT

PRICE CHANGE

CHANGE %

REFINED SOY OIL 19-09-2014 622.40 -9.20 -1.46%

SUGAR M GRADE 19-09-2014 3050.00 -29.00 -0.94%

TOP GAINERS

SYMBOL EXPIRY DATE

CURRENT PRICE

CHANGE CHANG

E %

CORIANDER 19-09-2014 12022.00 307.00 2.62%

LIGHT SWEET CRUDE OIL 19-09-2014 5684.00 25.00 0.44%

RAPESEED-MUSTARD SEED 19-09-2014 3429.00 15.00 0.44%

GUR 19-09-2014 1151.00 2.50 0.22%

CASTOR SEED NEW 19-09-2014 4225.00 9.00 0.21%

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COMMODITIES IN NEWS

CHANA

Chana prices closed higher 2.5 per cent on Tuesday at the National Com-modity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.

CARDAMOM

Cardamom prices rose by 0.71 per cent at the Multi Commodity Exchange on account of good buying support from both exporters and upcountry buy-ers and also on hopes of improved export demand. Cardamom futures for August 2014 contract were trading at Rs 963.20 per kg, up by 0.71 per cent, after opening at Rs. 957.90 against the previous closing price of Rs. 956.70. It touched the intra-day high of Rs. 966.90 till the trading. Sentiment im-proved further as a result of firm demand in the market against restricted arrivals from producing belts of Chandausi in Uttar Pradesh..

CORIANDER

Coriander prices rose by 0.35 per cent on Wednesday at the National Com-modity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. Senti-ment improved further as the investors enlarged their holdings tracking the surge in the demand for the commodity. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian cuisine.

ECONOMIC NEWS

Faced with economic sanctions by the western world and a retaliatory ban on import of agricultural commodities from there, Russia has evinced interest in import of large quant of fruits and vegetables from India.

In a letter to the Agricultural and Processed Food Products Export Development Authority (Apeda), one of Russia’s largest retail chains Retain Chain Monetka, has sought import of vegetables including potato, cabbage, carrot, marrow, garlic, tomato, on-ion, capsicum, radish and mushroom from India

An import depended Russia bought over $128 billion agricultural commodities from the United States and European Union in 2013. But, the import from these origins are banned in retaliation with economic sanctions form the Western countries due to ad-vancement of Russian military into Ukraine. India currently exports agricultural commodities worth $100 million to Russia. Russia is looking to import agricultural commodities from elsewhere. It has also sought import of apples, oranges, banana, etc.

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FUNDAMENTAL AND MANDI REPORT

CASTORSEED National Market Report

Soybean (plant delivery, Indore) fell on weak low soy product demand while mustard seed, Jaipur, rebound on buying support as expected. This is despite weakness in BMD CPO. Soybean arrivals in Madhya Pradesh slightly improved to 22,000 bags compared to 20,000 bags on Tuesday. All India arrivals of RM seed too remained flat 1.0 lakh bags compared to Tuesday’s level. Besides, RM seed arrivals in Rajasthan too remained steady 0.55 lakh bags compared to Tuesday’s level. Indian soybean and soyoil futures fell on Wednesday, tracking weak global markets and on sluggish export demand for soymeal. The key October soybean contract closed down 0.50 percent at 3,387 rupees per 100 kg

International Update

US soybean crop is reported under good condition. Soybean blooming, as on Aug 18, is reported at 95% which is at par with the 5 year aver-age but slightly above 91% compared to the same period last year. The crop is 83% in pod formation which is above 5 year average of 79% and also above 70% during the same period last year. Further, the crop is 71% in good to excellent condition, which is better than last year. The factors are considered to be bearish for the international soybean for short-term. Malaysian palm oil lost more ground on Wednesday, fal-ling for a sixth consecutive session to its lowest since October 2009 as slowing exports and prospects of near-record U.S. soybean production

MARKET

20-Aug-14

19-Aug-14

MADHYA PRADESH

22000

20000

MAHARASTRA

3000

8000

STOCK POSITION AT NCDEX WAREHOUSES

MARKET

20-Aug-14

19-Aug-14

MADHYA PRADESH

22000

20000

MAHARASTRA

3000

8000

RAJASTHAN

10000

10000

BUNDI

200

400

JHALAWAR

400

700

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COMMODITY NAME LOCATION PRICE

Castor Seed Disa 4249.65

Castor Seed 1 MT Disa

4249.65

Chana Bikaner 2882.5

Chana Delhi 3000

Chana Indore 2993.15

Chana 1 MT Delhi 3000

Chilli Guntur 7362.5

Chilli Teja Khammam 10166.65

Copper Cathode Mumbai 412.7

Coriander Kota 11125

Cotton Kadi 18525.05

Cotton Seed (Industrial Grade) Akola 2312

COMMODITY NAME LOCATION PRICE

Soy Bean Kota 3767.6

Soy Bean Indore 3861

Soy Bean Nagpur 3965.25

Steel Long Mandi Gobindgarh 34650

Steel Long Commercial Thane 32150

Sugar M Grade Kolhapur 3088.9

Sugar M Grade Kanpur 3300

Sugar M Grade Erode 3173

Sugar M Grade Muzaffar Nagar 3283

Sugar M Grade Delhi 3330

Sugar M Grade Kolkatta 3330

Sugar M Grade Kolhapur 3132.75

SPOT QUOTES

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RECOMMENDATIONS

SELL BELOW 11910 TGT 11880 -11830 SL 11960 BUY ABOVE 12050 TGT 12080-12130 SL 1 2000

SELL BELOW 17500TGT 17450 -17350 SL 17590 BUY ABOVE 17710 TGT 17740 –17840 SL 17620

SELL BELOW 4180 TGT 4160-4110 SL 4230 BUY ABOVE 4230 TGT 4260 -4310 SL 4180

SELL BELOW 3370 TGT 3340-3290 SL 3420 BUY ABOVE 3420 TGT 3450-3500 SL 3370

DHANIYA (SEP.) GUARGUM (OCT.)

SOYABEAN (OCT.) CASTORSEED (SEP.)

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