daily agri report by epic research 28 aug 2014

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DAILY AGRI COMMODITY REPORT 28th AUGUST 2014

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DAILY WRAP UP

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

DHANIYA

SEP 11992 12038 11791 11810 -1.30 25870 23720

INTRADAY LEVELS

SUPPORT

SUPP. 1

11721

SUPP. 2

11633

PIVOT

11880

RESIS-TANCE

RES. 1

11968

RES. 2

12127

Dhaniya short term trend is down, and furthermore

down is expected in coming days.

MONTH OPEN HIGH LOW CLOS

E %

CHANGE OI (in lots)

VOL

CASTORSEED

SEP 4170 4191 4150 4166 0.17 142740 77070

INTRADAY LEVELS

SUPPORT SUPP. 1

4147

SUPP. 2

4128

PIVOT

4169

RESIS-TANCE

RES. 1

4188

RES. 2

4210

Castorseed Short term trend is down. Price expected to go

down in coming days

.

TURMERIC

SEP. 6528 6536 6390 6450 -0.86 14345 7615

INTRADAY LEVELS

SUPPORT SUPP. 1

6384

SUPP. 2

6318

PIVOT

6460

RESISTANCE RES. 1

6526

RES. 2

6602

Turmeric price is in down trend and may continue in

upcoming days.

GUARGUM

OCT. 16500 16670 16130 16190 -1.40 10896 14237

INTRADAY LEVELS

SUPPORT SUPP. 1

15990

SUPP. 2

15790

PIVOT

16330

RESIS-TANCE

RES. 1

16530

RES. 2

16870

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 4166 4159 0.17

CHANA 2820 2856 -1.26

CORIANDER 11810 11965 -1.30

COTTON SEED 1772 1766 0.34

JEERA 11175 11150 0.22

MUSTARD SEED 3521 3569 -1.34

SOYABEAN 3330 3339 -0.27

TURMERIC 6450 6506 -0.86

TOP LOSERS

SYMBOL EXPIRY DATE

CURRENT PRICE

CHANGE

CHANGE %

RAPESEED-MUSTARD SEED 19-09-2014 3521.00 -48.00 -1.34%

CORIANDER 19-09-2014 11810.00 -155.00 -1.30%

CHANA 19-09-2014 2820.00 -36.00 -1.26%

TURMERIC 19-09-2014 6450.00 -56.00 -0.86%

SOYABEAN 20-10-2014 3330.00 -9.00 -0.27%

TOP GAINERS

SYMBOL EXPIRY DATE

CURRENT PRICE

CHANGE

CHANGE %

LIGHT SWEET CRUDE OIL 19-09-2014 5744.00 29.00 0.51%

COTTON SEED OIL CAKE AKOLA 19-09-2014 1770.00 4.00 0.23%

JEERA 19-09-2014 11175.00 25.00 0.22%

GUR 19-09-2014 1126.00 2.00 0.18%

CASTOR SEED NEW 19-09-2014 4166.00 7.00 0.17%





COMMODITIES IN NEWS

ECONOMIC NEWS The commodity derivatives market regulator (FMC), has

proposed uniform criteria for all warehouse service pro-viders in a draft set of guidelines. It has invited feedback till September 15. It has come to know that there is no uniformity in norms among nationwide multi commod-ity exchanges for accreditation of WSP The Commission has been discussing this issue with the exchanges and other stake holders, so that warehouses conform to cer-tain minimum uniform standards. FMC has suggested a credible WSP promoter or promoter group can get ex-change accreditation only after completion of three years in this business. Plus, minimum net worth of Rs 5Cr.for a single commodity and Rs 10Cr. for multiple commodities to be eligible

Pomegranate prices have dropped to almost half of the previous year's levels in Maharashtra, the top producer and exporter of the fruit that is an excellent source of dietary fiber and vitamins.Higher supplies, a decline in exports and inferior quality because of an erratic climate have led to the price drop, say growers. Pomegranate acreage has increased substantially in Maharashtra as the fruit commanded premium prices in domestic as well as export markets.

Castorseed prices rose by 0.07 per cent on Wednesday at the NCDEX as a result of the rise in demand from consuming industries against re-stricted arrivals in domestic markets which in turn encouraged the inves-tors to

Cardamom prices spurted by 1.52% to Rs 939.90 per kg in futures trad-ing today as speculators enlarged positions supported by rising demand in the spot market. enlarge their holdings

The sowing of onion in Maharashtra which is still lagging for the cur-rent kharif season compared to that of the last, has vigorously picked up last week due to consistent rainfall in the state.

Jeera prices rose 0.54% to Rs 11,210 per quintal in futures trade today as participants created speculative positions amid pick up in demand in the spot market.

Turmeric settled up 0.43% at 6506 as a delay in sowing due to late mon-soon rains have raised concerns about lower production

Sugar futures recovered on short coverings on NCDEX but negative trend is likely for the commodity





FUNDAMENTAL AND MANDI REPORT

CASTORSEED

National Market Report The Govt had raised sugar import duty from 15% to 25% on both raw as

well as refined sugar. The move was taken to relieve the ailing sugar in-dustry which was struggling hard to match up with the higher cane prices and lower market price for their product. Meanwhile, it is also ex-pected to resolve the problem of accumulated cane arrears in the country which stands at about Rs 6800 crores.

Gur prices witness artificial firmness at present and likely move down in

the coming days due to good stock availability in the Maharashtra mar-kets. It is notable that cane has diverted more towards gur production 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

International Update Brazilian cane production estimate for center-south region declined 6%

from 580 million tons to 546 million tons for 2014-15. Fluctuating weather condition coupled with lengthening of intra-harvest period could be cited responsible for the change in estimation.

ISO estimated a global surplus in sugar market with production (183.8

million tons) outpacing consumption (182.4 million tons) by 1.3 million tons for 2014-15.

With a 29% surge in import, Indonesia is likely to emerge as the top raw

sugar importer in the world by 2015. Moreover, import shipment of 3.6 million metric tons of sugar to the country is expected in 2015 as com-pared to 2.8 million tons this year.

MARKET

20-Aug-14

19-Aug-14

MADHYA PRADESH

22000

20000

MAHARASTRA

3000

8000

STOCK POSITION AT NCDEX WAREHOUSES

CENTER

27-Aug-14

26-Aug-14

%Change

DELHI

3250

3260

-10

DHAMPUR

3215

3215

UNCH

MUMBAI

3340

3340

UNCH

VIJAYWADA

3540

3540

UNCH

NAGPUR

3350

3350

UNCH

KOLKATA

3310

3330

-20





COMMODITY NAME LOCATION PRICE

Bajra Jaipur 1250

Barley Jaipur 1488.55

Castor Seed Disa 4210

Castor Seed 1 MT Disa 4210

Chana Bikaner 2785

Chana Delhi 2915.3

Chana Indore 2885.45

Chana 1 MT Delhi 2915.3

Chilli Guntur 7492.3

Chilli Teja Khammam 10393.75

Copper Cathode Mumbai 424.2

Coriander Kota 11285.7

COMMODITY NAME LOCATION PRICE

Cotton Seed Oilcake Kadi 1830.2

Crude Palm Oil Kandla 486.85

Guar Seed 10 MT Jodhpur 5712.5

Guarseed Jodhpur 5712.5

Guarseed Bikaner 5675

Gur Muzaffar Nagar 1134.5

Jeera Unjha 11233

Mustardseed Jaipur 3688.25

Mustardseed Alwar 3713

Pepper Kochi 71850

Ref Soya Oil Nagpur 632.5

Ref Soya Oil Indore 626.35

SPOT QUOTES





RECOMMENDATIONS

SELL DHANIYA (SEP) BELOW 11780 TGT 11750-11700 SL 11820

SELL GUARGUM (OCT ) BELOW 16130 TGT 16080-15980 SL 16220

SELL CASTORSEED (SEP) BELOW 4130 TGT 4100-4050 SL 4180

BUY TERMERIC (SEP) ABOVE 6540 TGT 6590-6690 SL 6450

DHANIYA (SEP.) GUARGUM (OCT.)

TURMERIC(SEP.) CASTORSEED (SEP.)





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daily agri report by epic research 28 aug 2014

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