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1. DAILY AGRI COMMODITY REPORT 22 SEPTEMBER 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
11686
11699
11561
11585
-1.02
13830
INTRADAY LEVELS
SUPPORT
SUPP.1
11529
SUPP. 2
11474
PIVOT
11617
Dhaniya shortterm trend is up, further more upsideis expected in comimg days.
RESISTANCE
RES. 1
11672
RES. 2
11760
CASTORSEED
OCT
4265
4318
4241
4288
+0.30
166580
INTRADAY LEVELS
SUPPORT
SUPP. 1
4247
SUPP. 2
4205
PIVOT
4282
Castorseed short term trend is up,Prices expected to go up in coming days.
RESISTANCE
RES. 1
4324
RES. 2
4359
TURMERIC
OCT
5970
5970
5848
5878
-1.11
6520
INTRADAY LEVELS
SUPPORT
SUPP. 1
5827
SUPP. 2
5777
PIVOT
5899
Turmeric price is in down trend and may continue in coming days.
RESISTANCE
RES. 1
5949
RES. 2
6021
GUARGUM
OCT
16350
16350
15710
15920
-2.27
7888
INTRADAY LEVELS
SUPPORT
SUPP. 1
15637
SUPP. 2
15353
PIVOT
15993
Guargum Short term trend is upExpecting price may go upin coming days.
RESISTANCE
RES. 1
16277
RES. 2
16633

3. Movers and Shakers
3
TOP LOSERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
SOYABEAN
20-10-2014
3114.00
-112.00
-3.47%
TURMERIC
20-10-2014
5878.00
-66.00
-1.11%
CORIANDER
20-10-2014
11585.00
-119.00
-1.02%
JEERA
20-10-2014
10670.00
-90.00
-0.84%
COTTON SEED OIL CAKE AKOLA
19-12-2014
1378.00
-9.00
-0.65%
RAPESEED-MUSTARD SEED
20-10-2014
3635.00
-23.00
-0.63%
REFINED SOY OIL
20-10-2014
597.55
-2.60
-0.43%
CHANA
20-10-2014
2835.00
-12.00
-0.42%
TOP GAINERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
CASTOR SEED NEW
20-10-2014
4288.00
13.00
0.30%
BARLEY
20-10-2014
1593.00
3.50
0.22%
NCDEX INDICES
Index
Value
Pre. Close
% Change
CASTORSEED
4288
4275
0.30
CHANA
2835
2847
-0.42
CORIANDER
11585
11704
-1.02
COTTON SEED
1378
1387
-0.65
JEERA
10670
10760
-0.84
MUSTARD SEED
3635
3658
-0.63
SOYABEAN
3114
3226
-3.47
TURMERIC
5878
5944
-1.11

4. Commodities In News
4
ECONOMIC NEWS
Asthefloodwatersrecede,agrimpictureemergesfromtheagriculturesectorinJammuwherethedelugehaswashedawaycropsworthRs365croreand13,000hectaresofcultivableland.WhiletheMaizecropsufferedRs248croredamage, rice/paddycropssufferedalossofRs48crorefollowedbyRs40crorelosstovegetablecropsbesidesdamagetopulsesandsaffron."Lossof365crorehasbeencausedtocropsinJammuregionintheflashfloods",Director,Agriculture,Jammu,anelaboratereporthasbeensubmittedtothegovernmentonthebasisofthepreliminaryassessmentdoneacrosstheregion.Jamwal,whohimselfledteamsoftheDepartmentofAgriculturetoassessthelossescausedtocropsandfarmlands, said13,000hectaresofagriculturelandhasbeenwashedawayinthefloods.Tawi,BasantarandDevakrivershavechangedcoursesatplacesresultinginmajordamagetohugechunksofagriculturelandinNikiTawiandRamgarhbeltsofJammuandSambadistricts.
Takingstockofthesituation,theDepartmentofAgriculturehaspressedintoserviceitsmonitoringteamstomakeanon- the-spotassessmentofdamagescausedtovegetables,paddy, maize,pulsesandfoddercropsbytheflashfloodsandheavyrainsindifferentdistrictsofJammudivisionsinceSeptemberWehavelosteverything.Ourlifedependsonfarming". Similarly,"Wecannotdofarmingforthenextoneyearassomelandhasbeenwashedawayandsomerenderedbarrenbythefloods.Wewilltakemorethanoneyeartoreclaimthefarmland"nSuhaganipanchyatandadjoiningareas,about500acresofcultivatedareahasbeenaffectedduetobreachofprotectionbundsandfloodsinTawi.
summer-sownriceoutputislikelytocrossthepreviousyear'slevelCashcastormarketmoveduponceagainagainstexpectationassettlementforfuturescontractSeptwasawaitedonThursday. MarketmaymovedownasavIndia'sailabilityofseedisampleanddemandsremainatlowerside.ImpactoflossmaybefeltfrommidOct.Marketparticipantsaysthatlossmaybeintherangeof30percentandfarmersintheseareasmayprefertosowmustardseed. However,resowingopportunityisstillthere.Marketparticipantneedhaveacloseeyeonit.Shorttermoutlookremainsbearish. Castorseedpricesfellby1.07percentasaresultoffreshsupplyofthecommodityinthemajormandiesaswellasstrongproductionestimates.Castoroil,extractedfromcastorseedisthelargestvegetableoilexportedoutofIndia.Indiaisthebiggestexporterofcastoroilholdingabout70percentshareoftheinternationaltradeinthiscommodityfollowedbyChina&Brazil.
Khariffoodgrainsoutputisexpectedtofallby7percentto120.27milliontonnes(mt)thisyear,thebiggestdropsincetheseveredroughtfiveyearsago.Anextendeddryspellinthefirstsixweeksofmonsoonseason,withsubsequentfloodsinsomeplaces,hasdamagedcrops.However,anadequategrainstockwouldkeeptheinflationarypricetrendatbay.Theestimatemayberevisedupwardslater.Plantingofcropsisasperaverageoflastfiveyears,andisnow3%lowerthanpreviousyear.Weestimatekharifproductiontobeapproximately120Productionfiguresalwaysincreasebythefourthestimate,In2013-14,thecountry'skharifoutputrosetoarecord129.24mt.

5. 5
Fundamental And Mandi Report :Cotton
STOCK POSITION AT NCDEXWAREHOUSES National Market Update
MinistryofTextilewithallianceofDepartmentofAgriculturehasstartedreviewingthecroprelatedandothersupportivemeasurestoenhancethecropyield.Itincludesputtingrestrictiononseedvarietiesanddevelopmentinseedtechnologyadoptedbyprocessofreplacementandnotbyaddition. CottonareainGujaratisaround12%highercomparedtothepreviousseasonason15Septemberthisyear,accordingtoStateAgricultureDepartment.Areasownforcottonasondateis30.07lakhhectaresthisyearwhichwas26.86lakhhectareslastyearduringthesameperiod.IndiaisexpectedtosurpassChinaincottonproductionbytheupcomingcropseason,saidUSDA.Indiaisexpectedlikelytoproduce6.53milliontonsofcottoncomparedto6.75milliontonsintheseason2013/14whereasChina’scottonproductionwouldbearound6.42milliontonswhichwas6.96milliontonsaseasonbefore.Forthecountryasawhole,cumulativerainfallduringthisyear’smonsoon,uptoSeptember10,2014hasbeen10.5%belowtheLongPeriodAverage(LPA). International Market Report
CottonareainBrazilislikelytofallby11percenttoonemillionhectaresinyear2014/15comparedtothepreviousyear.WeakdomesticpricesaremakingcottonlesslucrativefortheBrazilianfarmers.Inresponsetothesituation,GovernmentofBrazilhasapprovedtheallocationofapprox.USD134milliontofinancetheEqualizationPremiumPaidtotheProducersProgram(PEPRO)inordertosupportcottonproducersinthecountry. AccordingtothelatestreportreleasedbyUSDA,asonSeptember14,2014,49%ofcottoncropinUSAisinexcellenttogoodconditioncomparedto43%ayearago.51%bollsopenhasreportedincottonwhichwas39%lastweekand34%ayearago.6%ofcottonharvestingreportedwhichwas4%ayearagoduringthesameperiod.Worldproductionisexpectedtodeclineslightlyby0.57%inseason2014/15,accordingtoUSDA.
CENTER
19-Sep-14
18-Sep-14
%Change
AMRAVATI
45
65
-20
RAJKOT
1800
1700
100
PATAN
NA
NA
-
DEESA
NA
NA
-
BHIWANI
1500
3000
-1500
GONDAL
402
492
-90
RAICHUR
202
330
-128

6. SPOT QUOTES
6
COMMODITY NAME
LOCATION
PRICE
Guar Gum
Jodhpur
15772.9
Guar Seed 10 MT
Jodhpur
5615.65
Guarseed
Jodhpur
5615.65
Guarseed
Bikaner
5550
Gur
Muzaffar Nagar
1118.9
Jeera
Unjha
10781.25
Maize -Feed/Industrial Grade
Gulabbagh
1123.6
Maize -Feed/Industrial Grade
Nizamabad
1267.75
Maize -Feed/Industrial Grade
Davengere
1315
Maize -Feed/Industrial Grade
Karimnagar
1300
Maize -Feed/Industrial Grade
Sangli
1350
Maize -Feed/Industrial Grade
Delhi
1235
COMMODITY NAME
LOCATION
PRICE
Bajra
Jaipur
1227.5
Barley
Jaipur
1552.5
Castor Seed
Disa
4163.65
Castor Seed 1 MT
Disa
4163.65
Chana
Bikaner
2770
Chana
Delhi
2933.4
Chana
Indore
2854.6
Chana 1 MT
Delhi
2933.4
Chilli
Guntur
7430.75
ChilliTeja
Khammam
10282.35
Coriander
Kota
11325
Cotton
Kadi
18312.55
Cotton Seed (Industrial Grade)
Akola
2080
Cotton Seed Oilcake
Akola
1701

7. Recommendations
7
BUY DHANIYA OCT ABOVE 11635 TGTS 11665,11715 SL 11585
SELL GUARGUM OCT BELOW 15700 TGTS 15650,15550 SL 15790
SELL CASTORSEED OCT BELOW 4250 TGTS 4220,4170 SL 4300
SELL TMC OCT BELOW 5850 TGTS 5800,5700 SL 5940

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