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DAILY AGRI COMMODITY REPORT 26th AUGUST 2014

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DAILY WRAP UP

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

DHANIYA

SEP

12133

12194

12035

12170

-0.12

26420 6840

INTRADAY LEVELS

SUPPORT

SUPP. 1

11739

SUPP. 2

11637

PIVOT

11803

RESISTANCE RES. 1

11905

RES. 2

11969

Dhaniya short term trend is down, and furthermore down is expected in com-

ing days.

MONTH OPEN HIGH LOW CLOSE % OI (in VOL

CASTORSEED

SEP

4261

4275

4193

4244

-0.70

123480

44010

INTRADAY LEVELS

SUPPORT SUPP. 1

4137

SUPP. 2

4096

PIVOT

4171

RESISTANCE RES. 1

4212

RES. 2

4246

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

.

SOYABEAN

OCT. 3383 3397 3342 3366 -1.58 66120 78640

INTRA-DAY

LEVELS

SUPPORT SUPP. 1

3340

SUPP. 2

3314

PIVOT

3369

RESIS-TANCE

RES. 1

3395

RES. 2

3424

Soybean price is in down trend and may continue in

upcoming days.

GUARGUM

OCT. 17300 17340 16930 16930 -3.97 572 241

INTRADAY LEVELS

SUPPORT SUPP. 1

16480

SUPP. 2

16250

PIVOT

16940

RESISTANCE RES. 1

17170

RES. 2

17630

Guargum Short term trend is down, Expecting

price may go down in coming days.

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NCDEX INDICES

FUNDAMENTAL AND MANDI REPORT

Index Value Pre. Close % Change

CASTORSEED

4177

4206

-0.69

CHANA

2861

2896

-1.21

CORIANDER

11842

11835

0.06

COTTON SEED OILCAKE

1766

1794

-1.56

JEERA

11075

11200

-1.12

MUSTARD SEED

3573

3494

2.26

SOYBEAN

3366

3420

-1.58

TURMERIC

6478

6610

-2.00

TOP LOSERS

SYMBOL EXPIRY DATE CURRENT

PRICE CHANGE

CHANGE %

TURMERIC 19-09-2014 6478.00 -214.00 -3.20%

CHANA 19-09-2014 2861.00 -74.00 -2.52%

COTTON SEED OIL CAKE AKOLA

19-09-2014 1766.00 -41.00 -2.27%

CASTOR SEED NEW 19-09-2014 4177.00 -89.00 -2.09%

JEERA 19-09-2014 11075.00 -195.00 -1.73%

TOP GAINERS

SYMBOL EXPIRY DATE

CURRENT PRICE

CHANGE CHANGE

%

RAPESEED-MUSTARD SEED

19-09-2014 3573.00 125.00 3.63%

SUGAR M GRADE 19-09-2014 3045.00 7.00 0.23%

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COMMODITIES IN NEWS

TURMERIC

Turmeric prices fell by Rs 88 to Rs 6,522 per quintal in futures trade today as specula-tors trimmed positions amid subdued demand against large stocks position. At the Na-tional Commodity and Derivatives Exchange, turmeric for delivery in September con-tracts fell Rs 88, or 1.33 per cent, to Rs 6,522 per quintal in open interest of 15,830 lots. Likewise, the spice for delivery in October lost Rs 68, or 1 per cent, to Rs 6,760 per quintal, with an open interest of 4,295 lots. the fall in turmeric prices at futures trade was mostly attributed to reducing of positions by speculators following subdued de-mand in the spot markets against adequate stocks. the short-term trend looks firm as late monsoon has pushed back turmeric sowing in the top cultivating areas, raising con-cerns about yields.

JEERA

Jeera prices fell by 0.66 per cent to Rs 11,260 per quintal in futures trading today as speculators trimmed positions amidst subdued demand in the spot markets. At the Na-tional Commodity and Derivatives Exchange, jeera for delivery in October drifted by Rs 75, or 0.66 per cent, to Rs 11,260 per quintal with an open interest of 2,859 lots. The September contract was down by Rs 70, or 0.63 per cent, to Rs 11,130 per quintal in 7,629 lots. Market analysts said the fall in jeera prices in futures trade was mostly due to subdued demand at spot market.

REF. SOYA OIL

Refined soya oil prices fell 1.52 per cent to Rs 571 per 10 kg in futures trading today as speculators reduced positions amid sluggish demand in the spot market against ade-quate stocks positions.At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October fell by Rs 8.80, The September contract traded lower by Rs 8.25, or 1.34 per cent, to Rs 607.80 per 10 kg in 90,795 lots. Analysts said offloading of positions by speculators, triggered by subdued demand in the spot market against adequate stocks position.

ECONOMIC NEWS

Shri Radha Mohan Singh, Union Agriculture Minister laid the foundation stone for the Saffron Park Project at Pampore Pulwama in J&K on Saturday. The foundation stone ceremony was attended by Shri Ghulam Hassan Mir, Minister for Agriculture, J&K, Shri Nazir Ahmad Khan Gurezi, Minister of State for Agriculture, J&K, Shri G.N. Ratanpuri, Member Parliament ( Rajya Sabha), Shri Za-hoor Ahmad Mir, MLA Pampore, Shri Rajender Kumar Tiwari, Managing Director, National Horticulture Board and Shri Asgar Hassan Samoon, Commissioner, Agriculture Production Depart-ment, J&K. The saffron park is being developed by National Horti-culture Board, Ministry of Agriculture, Government of India under National Saffron Mission at a cost of Rs 24.54 crores. While laying the foundation stone, Shri Radha Mohan Singh mentioned that horticulture is one of the most vibrant sectors for the economy of J&K so, the state has come out with various missions with the sup-port of Ministry of Agriculture, Government of India to improve production, post harvest infrastructure and marketing and pro-mote export of major commercial fruit crops.He mentioned that programmes like Horticulture Mission for NE and Himalayan States, vegetable initiatives for Urban Cluster, National Saffron Mission have given a big boost for bringing horticulture develop-ment in the state of J&K at a fast track. The Minister expressed concern over the reports that area under Saffron cultivation in Kashmir is declining from about 5707 hectares in 1996 to just 3875 hectares in 2010-11bringing down the production from 3.13 kg/hectares to 2.47 kg/hectares in the last few years.

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FUNDAMENTAL AND MANDI REPORT

CASTORSEED National Market Report

Downward pressure continued to dominate cash market on Monday. Lower demand in declining market and 49.18 percent higher area coverage till 22,August against last years’ corre-sponding period drove market down. With considerable im-provement in area inner tone has weakened and pressure is likely to continue in ongoing week. Area coverage till 22nd August has been registered at 7.31 lakh ha., higher than last yea(4.90 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 from 9.83 to 10.54 lakh ha. in 2014-15. Almost 70 percent of normal area has been covered so far.

International Update FoB quote for castor oil at Kandla has increased from $1440 to $1445 for export in last three days. Price has increased almost $10 per tonne today despite lower quotes for seed. Buyers 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. Ex-port quote for meal increased slightly by $2 to $108 per tonne today. Price of castor oil in Rotterdam too has increased from $1705to $1725 per metric tonne during last one week.

MARKET

20-Aug-14

19-Aug-14

MADHYA PRADESH

22000

20000

MAHARASTRA

3000

8000

STOCK POSITION AT NCDEX WAREHOUSES

CENTER

25-Aug-14

23-Aug-14

%Change

SUMERPUR

3870

3900

-30

JODHPUR

3800

3800

UNCH

RAJKOT

NA

3980

-

PATAN

4065

4105

-40

DEESA

NA

4120

-

GONDLAL NA

3630

-

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COMMODITY NAME LOCATION PRICE

Bajra Jaipur 1245

Barley Jaipur 1490

Castor Seed Disa 4252.25

Castor Seed 1 MT Disa 4252.25

Chana Bikaner 2810

Chana Delhi 2925

Chana Indore 2944.55

Chana 1 MT Delhi 2925

Chilli Guntur 7366.65

Chilli Teja Khammam 10373.3

Coriander Kota 11312.5

Cotton Kadi 19122.6

COMMODITY NAME LOCATION PRICE

Cotton Seed Oilcake Akola 1831.65

Cotton Seed Oilcake Kadi 1837.2

Guar Gum Jodhpur 16386.1

Guar Seed 10 MT Jodhpur 5915.65

Guarseed Jodhpur 5915.65

Guarseed Bikaner 5925

Gur Muzaffar Nagar 1141.15

Jeera Unjha 11245

Mustardseed Jaipur 3668.9

Mustardseed Alwar 3713

Pepper Kochi 71918.15

Polyvinyl Chloride Mumbai 74494

SPOT QUOTES

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RECOMMENDATIONS

SELL DHANIYA BELOW 11760 TGT 11730-11680 SL 11810 BUY DHANIYA ABOVE 11870 TGT 11900-11950 SL 11820

SELL GUARGUM BELOW 16650 TGT 16600-16500 SL 16740 BUY GUARGUM ABOVE 17170 TGT 17220-17320 SL 17080

SELL CASTORSEED BELOW 4130 TGT 4100-4050 SL 4180 BUY CASTORSEED ABOVE 4205 TGT 4235-4285 SL 4155

SELL SOYBEAN BELOW 3335 TGT 3305-3255 SL 3385 BUY SOYBEAN ABOVE 3385 TGT 3415-3465 SL 3335

DHANIYA (SEP.) GUARGUM (OCT.)

SOYABEAN (OCT.) CASTORSEED (SEP.)

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