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1. DAILY AGRI COMMODITY REPORT 08 OCTOBER 2014
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2. Daily Wrap Up
2
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
DHANIYA
OCT
11980
12220
11776
11776
-2.24
14500
INTRADAY LEVELS
SUPPORT
SUPP.1
11628
SUPP. 2
11480
PIVOT
11924
Dhaniya shortterm trend is up, further more upsideis expected in comimg days.
RESISTANCE
RES. 1
12072
RES. 2
12368
CASTORSEED
OCT
4512
4512
4375
4395
-2.72
101790
INTRADAY LEVELS
SUPPORT
SUPP. 1
4373
SUPP. 2
4292
PIVOT
4427
Castorseed short term trend is up,Prices expected to go up in coming days.
RESISTANCE
RES. 1
4478
RES. 2
4562
TURMERIC
OCT
5920
6048
5902
5998
+0.87
3200
INTRADAY LEVELS
SUPPORT
SUPP. 1
5917
SUPP. 2
5837
PIVOT
5983
Turmeric price is in down trend and may continue in coming days.
RESISTANCE
RES. 1
6063
RES. 2
6129
GUARGUM
OCT
15750
16220
15750
16210
+3.64
5229
INTRADAY LEVELS
SUPPORT
SUPP. 1
15900
SUPP. 2
15590
PIVOT
16060
Guargum Short term trend is downExpecting price may go downin coming days.
RESISTANCE
RES. 1
16370
RES. 2
16530

3. Movers and Shakers
3
TOP LOSERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
CASTORSEED
20-10-2014
4395
-123
-2.72%
CORIANDER
20-10-2014
11776
-270
-2.24%
COTTON SEED OIL CAKE AKOLA
19-12-2014
1367.00
-27.00
-1.94%
REFINED SOY OIL
20-10-2014
608.75
-4.05
-0.66%
LIGHT SWEET CRUDE OIL
20-10-2014
5535.00
-35.00
-0.63%
TOP GAINERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
GUARGUM
20-10-2014
16210
570
+3.64%
CHILLI
20-10-2014
10386
202
+1.98%
JEERA
20-10-2014
10745
110
+1.03%
TURMERIC
20-10-2014
5998
52
+0.87%
SUGAR
20-10-2014
2917
16
+0.55%
NCDEX INDICES
Index
Value
Pre. Close
% Change
CASTORSEED
4395
4518
-2.27
CHANA
2760
2769
-0.33
CORIANDER
11776
12046
-2.24
SUGAR
2926
2652
-0.88
JEERA
10745
10635
1.03
MUSTARD SEED
3628
3628
-
SOYABEAN
3005
3023
-0.60
TURMERIC
5998
5946
0.87

4. Commodities In News
4
ECONOMIC NEWS
India'ssugarsurplusthathasdepressedpricesinthefestiveseasonwillturnintoadeficitofmorethan2milliontonnesinafewmonthsasbanksarerefusingtoprovideworkingcapitaltomillsinUttarPradesh.Themillsareunviablebecauseofthestate'spolicyofkeepingcanepriceshighevenwhensugarpricesarelow,bankersandsugarindustryexecutivessay. Closeto70outof95sugarmillsinthestatehavegivensuspensionnoticesandwillnotbeabletostartoperationsnextmonth,whenthenewcropofsugarcaneisharvested. AccordingtotheIndianSugarMillsAssociation(ISMA),thesemillsproduced4.7milliontonnesofsugarin2013-14orabove92%ofUP'stotaloutput."SuspensionofoperationsbeyondDecembercouldnotonlyexhausttwomilliontonnesofsurplussugarstockbutalsocauseanetreductionofanothertwo milliontonnesintheoverallproductioninthenextseason," sourcesinthesugarindustryassociationtoldET.AftertheStateBankofIndiawrotetotheUPgovernmentlastmonthsayingitcan'trisklendingtomillsinthestate,otherpublicsectorsbankshaveexpressedsimilarconcerns.Accordingtoalargepublicsectorbank,sugarindustryingeneralhasbeenaccorded"unfavorable"creditratinginternallyandmillsofUttarPradeshespeciallyareontheirnegativelist.
ISMAsayscostshaverisenbecausetheUPgovernmentenforcesapricethatismuchhigherthantheratecalculatedwithacentrallyfixedformulathatisusedinothersugar- producingstatessuchasKarnataka,MaharashtraandAndhraPradesh.UPmillshavecanearrearsof.`3,500crore.TheUPsugarmillswantthestategovernmenttobearthedifferencebetweenthepriceofsugarcanefixedbythemandthecentralFRPformula,insteadofmakingthecompaniespayhigherremunerationtofarmers.
PoorweathermayhavewroughtmoredamagetoCanadiancropsthanhadbeenthought,withofficialsraisingtheirestimateforcanolaoutputbylessthaninvestorshadforeseen,andcuttingunexpectedlytheirwheatharvestforecast.StatisticsCanadaestimatedCanada'swheatharvestthisyearat27.5mtonnes,acutof220,000tonnesfromitspreviousforecast,andcontrastingwiththeupgradeto28.0mtonnesthatinvestorshadexpected.Estimatesforbarleyandcornproductionwerealsodowngraded,contrarytoexpectationsofupgrades.Theforecastforthebarleyharvestwasloweredby44,000tonnestoa46-yearlowof7.12mtonnes.
Heavystockiestsellingwasseenincastorseedfutureduetostrongkharifsowingalongwithheavystocksinlocalmandies.TheNCDEXfuturesdeclinedby2.96percenttoday.ThelatestdatareleasebyMinistryofAgriculturestatedthatcastorseedkharifoilseedshavebeensownonlyon5.52lakhhectarescomparedwith4.89lakhhectareslastyear.ThiswasmainlyduetostrongsowinginGujarat.Therefore,tradersareexpecting10-15percentsurgeintotalproductionfromthelastyear.Moreover,highercarryoverstocksofaround3-4lakhtonnesofcastorseedinlocalmandiesofGujaratandRajasthanalsoaddedsellingpressureinfuturesmarket.Thesestocksarealmostdoubleofpreviousyearinthesameperiod.
Bargainbuyingcontinuedinguarseedfromlowerlevelsduetoweakproductionestimatesinthecurrentyearalongwithdelayedarrivalsinlocalmandies.TheNCDEXfuturesaugmentedby3.99percent.Aspermarketsources,thetotalguarseedproductioninthecurrentyearisreportedaround12.5milliontonnes,downalmost43percentfromthelastyear.ThisismainlyontheaccountofweakrainfallinmajorproducingstatessuchasHaryanaandRajasthan.Thepriceswerealsoincreasedbyweaknewarrivalsinlocalmandies.

5. 5
Fundamental And Mandi Report :Castorseed
CASTORSEED DAILY ARRIVALS National Market Update
Castorseedcashmarkettradeddownonthebackofseller’swillingnesstooffloadathigherlevelgettingcluefromfuturesmarkettooonTuesday. HighersellingatNCDEXanddecreaseddemandforcastorproductsatcurrentlevelweakenedprevailingsentimentsinthemarket.Castorseedareaincreasedto10.24lakhhaon1stOct,2014againstlastyear'scoverageof9.59lakhha.tilldate.Itisalmost65thousandha.higherthanlastyear'scoverage.Fiveyearaverageofareais9.39lakhha..Inthefirstadvestimatefor2014-15govthasestimated19.6lakhtonnecastorproductionfor2014-15.AreainGujaratwasregisteredat7.22lakhhaagainst5.98lakhhalastyear.AreacoverageinRajasthanhasnotbeenuptothemarkandtotal1.49lakhhacoveredsofaragainst1.92lakhhalastyear.CastorseedmandipriceinGujarathasincreasedfromRs41750pertonnetoRs43250pertonneatprevioustradingsession.PricegapbetweenOct.1st,2013and1stoct2014isalmost21.36percentnow.Castorcommercialgradeoilisbeingtradedat86000pertonne,almosthigherbyRs1500pertonnefrompreviousweek.Itis17.33percenthigherthanpricerealizedinOct-2013.CastormealFORisbeingquotedatRs6550pertonne,moderatelyhigherthanpreviousweek.Itis13.32percenthigherthanthepricerealizedduringOct2013. International Market Report
China,EUandSouthAsiancountriesareactivetoimportcastormealandoilbuying.CastoroilexportdealfromKandlaporthasbeenconfirmedat$1435pertonne(onFobbasis)whilemealdealisbeingdoneat$112pertonne.DuringAugusttotaloilexportwasregisteredat38960tonneagainst36766tonneinJuly.Indiahasexported207,387tonneduringApriltoAugust,2014.However,priceofcastoroilinRotterdamtoohasincreasedfrom$1723to$1728permetrictonneduringlastoneweek.BuyerslikeEU, USAandChinaremainsidelinedinthemonthofSeptandrestrictedbuying'shavebeenwitnessedsofar.
CENTER
07-Oct-14
06-Oct-14
%Change
SUMERPUR
80
80
UNCH
JODHPUR
240
80
160
RAJKOT
CLOSED
CLOSED
-
GONDAL
411
CLOSED
-
PATAN
5415
2801
2614
DEESA
CLOSED
CLOSED
-
KADI
2000
CLOSED
-

6. SPOT QUOTES
6
COMMODITY NAME
LOCATION
PRICE
Soy Bean
Indore
3074
Soy Bean
Nagpur
3300
Steel Long
Mandi Gobindgarh
33800
Steel Long Commercial
Thane
31450
Sugar M Grade
Kolhapur
2975
Sugar M Grade
Kanpur
3151.1
Sugar M Grade
Erode
3110.5
Sugar M Grade
Muzaffar Nagar
3159
Sugar M Grade
Delhi
3215
Sugar M Grade
Kolkatta
3260
Sugar M Grade
Kolhapur
3017.5
Sugar S
Vashi
3021.7
COMMODITY NAME
LOCATION
PRICE
Bajra
Jaipur
1157.5
Barley
Jaipur
1561.8
Castor Seed
Disa
4450
Castor Seed 1 MT
Disa
4450
Chana
Bikaner
2725
Chana
Delhi
2867.5
Chana
Indore
2763.85
Chana 1 MT
Delhi
2867.5
Chilli
Guntur
7536.35
ChilliTeja
Khammam
10246.15
Coriander
Kota
11484.4
Cotton
Kadi
16161.25
Guar Gum
Jodhpur
15648.4
Guar Seed 10 MT
Jodhpur
5546.15

7. Recommendations
7
SELL DHANIYA OCT BELOW 11755 TGTS 11725,11675 SL 11805
BUY GUARGUM OCT ABOVE 16250 TGTS 16300,16400 SL 16160
SELL CASTORSEED OCT BELOW 4370 TGTS 4340,4290 SL 4420
SELL TMC OCT BELOW 5980 TGTS 5930,5830 SL 6070

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