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DAILY AGRI COMMODITY REPORT

25 SEPTEMBER 2014
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Daily Wrap Up
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
OCT 11902 11949 11760 11864 -0.08 15590
INTRADAY
LEVELS
SUPPORT SUPP.1
11748
SUPP. 2
11660
PIVOT
11849
Dhaniya short term
trend is up, further more
upside is expected in
comimg days.
RESISTAN
CE
RES. 1
11937
RES. 2
12038
CASTORSEED
OCT 4415 4439 4383 4388 -0.84 104500
INTRADAY
LEVELS
SUPPORT SUPP. 1
4368
SUPP. 2
4348
PIVOT
4404
Castorseed short term
trend is up, Prices
expected to go up in
coming days.
RESISTAN
CE
RES. 1
4424
RES. 2
4460
TURMERIC
OCT 5962 6020 5890 5938 -0.13 6665
INTRADAY
LEVELS
SUPPORT SUPP. 1
5882
SUPP. 2
5826
PIVOT
5948
Turmeric price is in
down trend and may
continue in coming
days.
RESISTAN
CE
RES. 1
6004
RES. 2
6070
GUARGUM
OCT 16410 16520 16230 16290 -0.97 4657
INTRADAY
LEVELS
SUPPORT SUPP. 1
16173
SUPP. 2
16057
PIVOT
16347
Guargum Short term
trend is up Expecting
price may go up in
coming days.
RESISTAN
CE
RES. 1
16463
RES. 2
16637
Movers and Shakers
3
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
COTTON SEED OIL CAKE
AKOLA
19-12-2014 1377.00 -18.00 -1.29%
JEERA 20-10-2014 10520.00 -120.00 -1.13%
CHANA 20-10-2014 2774.00 -25.00 -0.89%
CASTOR SEED NEW 20-10-2014 4388.00 -37.00 -0.84%
TURMERIC 20-10-2014 5938.00 -8.00 -0.13%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
REFINED SOY OIL 20-10-2014 610.05 7.10 1.18%
SOYABEAN 20-10-2014 3092.00 29.00 0.95%
GUR 20-11-2014 979.00 5.00 0.51%
LIGHT SWEET CRUDE OIL 20-10-2014 5636.00 28.00 0.50%
BARLEY 20-10-2014 1605.50 4.50 0.28%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4388 4425 -0.84
CHANA 2774 2799 -0.89
CORIANDER 11864 11873 -0.08
COTTON SEED 1380 1395 -1.08
JEERA 10520 10640 -1.13
MUSTARD SEED 3644 3648 -0.11
SOYABEAN 3092 3063 0.95
TURMERIC 5938 5946 -0.13
Commodities In News
4
ECONOMIC NEWS
Overseas purchases of edible oil in the year starting November
are set to surge to a record 13 million tonnes, an executive at
key importer Ruchi Soya said, as lower prices, rising
population and higher incomes boost consumption. Higher
purchases by India, the world's top importer of cooking oils,
could support benchmark Malaysian palm oil futures that hit a
five-year low earlier this month and have shed almost a fifth of
their value so far in 2014. Of the estimated total 2014/15 Indian
imports, more than 9 million tonnes will be palm oil, India's
biggest edible oil buyer, In the current year, edible oil imports
are pegged at 11.6 million tonnes, including 8 million tonnes of
palm oil .India imported a record 10.4 million tonnes of edible
oils in the 2012/13 year, data from Mumbai-based industry
body Solvent Extractors' Association of India (SEA) showed.
NCDEX, the leading commodity exchange, today announced
the launch of the Forwards segment on its national level
electronic platform. NCDEX is the first and only commodities
exchange to offer exchange-traded Forward contracts in the
country. The contract will be available from Thursday, 25th
September, 2014.Named farmer-friendly ''Agrim Sauda, this
facility will offer the benefits of transparent trade practices and
national market reach through registered Farmer Producer
Organization. Agrim Sauda will enable all participants in the
food and agriculture value chain to widen their reach, create a
seamless supply chain that is backed by state-of-the-art
technology and protect themselves from counter-party risk. In
short, its introduction will lead to an integration of commodity
ecosystem leading to a more developed and efficient
agriculture market.
Chana prices have declined on imports of yellow peas and
comfortable supplies. Prices have declined over the last few months
on sluggish demand in the physical markets coupled with record
Chana output in 2013-14.Chana October futures showed declined
0.39% to 2788 on Wednesday at India's National Commodity&
Derivative Exchange(NCDEX). Lower level demand as well as
festive buying may support prices. However, higher imports of
yellow peas, comfortable Chana stocks and better than expected
kharif pulses sowing may keep prices under check. sowing of kharif
pulses as on 18th September stands 7.1% lower at 10.01 mn ha as
against 10.77 mn ha last year. CCEA increased the MSP of tur and
urad by Rs.50 to Rs.4,350 each, while the MSP of mooing was
increased by Rs.100 to Rs.4,600/qtl. Supplies of Chana since past
one year has been ample as the country reaped bumper Chana output
in 2012-13 season. For 2013-14 too, the government in their fourth
advance estimates has projected record output of at 9.88 mn tonnes
in the Rabi season.
Profit taking was seen in castor seed future due to strong kharif
sowing along with weak export demand of castor meal in local
mandis. The NCDEX futures to test 4050-4055 levels in the near
term. The latest data release by Ministry of Agriculture stated that
castor seed kharif oilseeds have been sown only on 5.52 lakh
hectares compared with 4.89 lakh hectares last year. This was
mainly due to strong sowing in Gujarat. Therefore, possibility of
higher production estimates have encouraged stockiest selling from
higher levels. The prices were also pressurized by weak export
demand of castor meal in local mandies.The Solvent Extractors'
Association of India overall export of oil meals during July 2014 is
reported at 0.20 lakh tons compared to 0.25 lakh tons in July 2013
i.e. down 4 percent.
5
Fundamental And Mandi Report : Chana
STOCK POSITION AT NCDEX
WAREHOUSES
National Market Update
Pulses market noticed steady to weak tone. NAFED release tender for
sale of Urad procured under PSS 2012 lying in different CWC Warehouses
in the States of Telangana & Andhra Pradesh for this week. On JNPT port,
10 containers of urad, 1 containers of green peas, 98 containers of lentil, 45
containers of tur and 3 containers of yellow pea arrived on September
23,2014.Urad is likely to witness a fall of Rs.500-800 per quintal in coming
weeks on good crop in Madhya Pradesh. Currently urad SQ ready prices
are hovering near Rs.6100-6200 per quintal while forward contract for next
month are done at Rs.5500 per quintal. NCDEX release circular for
standardization of Chana (1 and 10 MT) contract specifications, contracts
which had a basis as Inclusive of Sales Tax/VAT has been changed to
Exclusive of Sales Tax/VAT According to Ministry of Agriculture, around
100.05 lakh hectare of area has been sown under pulses (Kharif) this year
as on September 22, around 7.11% lower than the previous year, when it
was 107.71 lakh hectares during the same period. Uttar Pradesh State
Agriculture Department, tur production in 2014-15 is expected to fall to
2.25 lakh tonne while moong production is expected to be 12000 tonne
same as produced in last year.
International Market Report
China becomes net importer of pulses on rapid growing demand for field
pea by domestic food processing Industries. International lentil markets
surge on higher production of lower grade (FAQ no.3 crop grade) in Canada.
In Canada, yellow pea harvesting is in full pace and almost 70-75%
complete. According to the latest crop progress report by Saskatchewan
Agriculture department, 71% of the field peas are expected to fall within the
top two quality grades while 61% of the lentils will fall within the bottom
two quality grades. In Canada, filed pea crop quality is relatively good
because of better quality crop harvest in Alberta province.
CENTER 24-Sep-14 23-Sep-14 %Change
ASHOKNAGAR NA NA -
AMRAVATI NA 700 -
VIJAYWADA NA 500 -
KATNI NA NA -
ALWAR 400 400 UNCH
KOTA 200 200 UNCH
GUNA NA NA -
SPOT QUOTES
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COMMODITY NAME LOCATION PRICE
Guarseed Bikaner 5675
Gur Muzaffar Nagar 1095.4
Jeera Unjha 10716.65
Maize - Feed/Industrial Grade Gulabbagh 1118.75
Maize - Feed/Industrial Grade Nizamabad 1242.5
Maize - Feed/Industrial Grade Davengere 1310
Soy Bean Kota 3327.3
Soy Bean Indore 3265
Soy Bean Nagpur 3420
Steel Long Mandi Gobindgarh 33600
Steel Long Commercial Thane 31950
Sugar M Grade Kolhapur 2979
COMMODITY NAME LOCATION PRICE
Barley Jaipur 1572.5
Castor Seed Disa 4270
Castor Seed 1 MT Disa 4270
Chana Bikaner 2745
Chana Delhi 2874.15
Chana Indore 2812.75
Chana 1 MT Delhi 2874.15
Chilli Guntur 7500
Chilli Teja Khammam 10268.75
Coriander Kota 11365.9
Crude Palm Oil Kandla 468.75
Guar Gum Jodhpur 16017.1
Guar Seed 10 MT Jodhpur 5705
Guarseed Jodhpur 5705
Recommendations
7
BUY DHANIYA OCT ABOVE 11895 TGT 11925,11975 SL 11845 SELL GUARGUM OCT BELOW 16250 TGTS 16200,16100 SL 16340
SELL CASTORSEED OCT BELOW 4355 TGTS 4325,4275 SL 4405 SELL TMC OCT BELOW 5890 TGTS 5840,5740 SL 5980
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