daily agri report by epic research 27 aug 2014

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DAILY AGRI COMMODITY REPORT 27th AUGUST 2014

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DAILY WRAP UP

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

DHANIYA

SEP 12125 12350 12116 12340 +1.68 28480 6750

INTRADAY LEVELS

SUPPORT

SUPP. 1

11857

SUPP. 2

11703

PIVOT

11933 RESIS-TANCE

RES. 1

12087

RES. 2

12163

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

ing days.

MONTH OPEN HIGH LOW CLOSE %

CHANGE OI (in lots)

VOL

CASTORSEED

SEP 4249 4256 4181 4242 +0.12 125050 44620

INTRA-DAY LEV-

ELS

SUPPORT SUPP. 1

4127

SUPP. 2

4082

PIVOT

4158

RESIS-TANCE

RES. 1

4203

RES. 2

4234

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

.

TURMERIC

SEP. 6490 6542 6450 6498 -1.58 14440 78640

INTRADAY LEVELS

SUPPORT SUPP. 1

6451

SUPP. 2

6405

PIVOT

6497

RESIS-TANCE

RES. 1

6543

RES. 2

6589

Turmeric price is in down trend and may continue

in upcoming days.

GUARGUM

OCT. 16690 16970 16260 16580 -1.95 594 588

INTRADAY LEVELS

SUPPORT SUPP. 1

16093

SUPP. 2

15697

PIVOT

16487

RESIS-TANCE

RES. 1

16883

RES. 2

17277

Guargum Short term trend is down, Expecting

price may go down in coming days.





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 %

SOYABEAN 20-10-2014 3331.00 -35.00 -1.04%

REFINED SOY OIL 19-09-2014 617.35 -4.10 -0.66%

CHANA 19-09-2014 2854.00 -9.00 -0.31%

GUR 19-09-2014 1123.00 -2.00 -0.18%

SUGAR M GRADE 19-09-2014 3045.00 -4.00 -0.13%

TOP GAINERS

SYMBOL EXPIRY DATE

CURRENT PRICE

CHANGE

CHANGE %

CORIANDER 19-09-2014 12010.00 213.00 1.81%

JEERA 19-09-2014 11175.00 90.00 0.81%

TURMERIC 19-09-2014 6498.00 20.00 0.31%

LIGHT SWEET CRUDE OIL 19-09-2014 5711.00 15.00 0.26%

COTTON SEED OIL CAKE AKOLA 19-09-2014 1760.00 3.00 0.17%





COMMODITIES IN NEWS

ECONOMIC NEWS

Farmers and traders here are concerned over the government deci-sion to bring onion under the Essential Commodities Act (ECA) sans declaration of minimum support price (MSP) and concessions on rail freight. To protect the interest of farmers, the government should have declared MSP for onion as soon as it was included un-der the Essential Commodities Act," Lasalgaon Agricultural Pro-duce Market Committee (APMC) Chairman Nanasaheb Patil told reporters here over the weekend.

Sugar industry in Maharashtra, the state that's the biggest pro-ducer of the sweetener in the country, expects that the formation of the Sugarcane Price Control Board (SPCB) will lead to a perma-nent solution on the sugarcane price issue. But farmers' organiza-tions are divided over the issue and some are preparing for protests as the state heads into assembly elections Maharashtra co-operation minister Harshvardhan Patil announced the names of the non-official members of the SPCB on Monday. The board, be-ing set up for the first time, will fix cane prices for the 2014-15 crushing season "All the decisions related to sugarcane prices will be taken by the board,. The state government expects a 15% in-crease in sugar production in 2014-15 over the previous year.





FUNDAMENTAL AND MANDI REPORT

SUGAR National Market Report

Market sentiments traded between firmer to normal zone with price trending up for the day.

Prequalification are invited BY HARYANASTATE FEDERATION OF

CONSUMERS COOPERATIVEWHOLESALE STORES LIMITED for Empanelment of Suppliers for Supply of S-30 Crystal Clear Sugar un-der PDS forth Year 2014-15 through Procurement Opening date for prequalification has been seats 10thSep, 2014.

Total around 604000 bags of Gur stored in cold storages till 25th Au-

gust 2014 lower compared to 649000 bags at same period last year.

International Update CACP advocated a 4.3% rise in FRP (to Rs 230/quintal) for sugarcane

possessing an average recovery rate of 9.5% for the cropping year 201516. It is notable, that the current FRP for cane yield has been fixed at Rs220/quintal (for 9.5% average recovery) and Rs243/quintal (for 10.5% average recovery) for2014 15 seasons.

Gur prices witness artificial firmness at present and likely move down

in the coming days due to good stock availability in the Maharashtra markets. It is notable that cane has diverted more towards gur pro-duction in Pune and Sangli area this year. In addition to it, market participants is expecting early arrivals of gur for the next marketing year which drive the prices southwards in the medium term.

MARKET

20-Aug-14

19-Aug-14

MADHYA PRADESH

22000

20000

MAHARASTRA

3000

8000

STOCK POSITION AT NCDEX WAREHOUSES

CENTER 26-Aug-14 25-Aug-14 %Change

DELHI 3260 3265 -5

DHAMPUR 3215 3225 -10

MUMBAI 3340 3340 UNCH

VIJAYWADA 3540 3540 UNCH

NAGPUR 3350 3350 UNCH

KOLKATA 3330 3380 -50





COMMODITY NAME LOCATION PRICE

Bajra Jaipur 1250

Barley Jaipur 1487.3

Castor Seed Disa 4252.25

Castor Seed 1 MT Disa 4252.25

Chana Bikaner 2800

Chana Delhi 2919.1

Chana Indore 2890

Chana 1 MT Delhi 2919.1

Chilli Guntur 7438.45

Chilli Teja Khammam 10440

Coriander Kota 11312.5 Cotton Kadi 18883.6

COMMODITY NAME LOCATION PRICE

Cotton Seed Oilcake Kadi 1811

Guar Gum Jodhpur 15923.9

Guar Seed 10 MT Jodhpur 5802.1

Guarseed Jodhpur 5802.1

Guarseed Bikaner 5650

Gur Muzaffar Nagar 1141.85

Jeera Unjha 11166.65

Maize - Feed/Industrial Grade Gulabbagh 1120.9

Maize - Feed/Industrial Grade Nizamabad 1348.3

Maize - Feed/Industrial Grade Davengere 1365

Maize - Feed/Industrial Grade Karimnagar 1372.5

Maize - Feed/Industrial Grade Sangli 1480

SPOT QUOTES





RECOMMENDATIONS

BUY DHANIYA ABOVE 12030 TGT 12060-12110 SL 11990

SELL GUARGUM BELOW 16350 TGT 16300-16200 SL 16440

SELL CASTORSEED BELOW 4130 TGT 4100-4050 SL 4180

SELL TURMERIC BELOW 6430 TGT 6380-6280 SL 6520

DHANIYA (SEP.) GUARGUM (OCT.)

TURMERIC (SEP.) CASTORSEED (SEP.)





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daily agri report by epic research 27 aug 2014

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