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1. DAILY AGRI COMMODITY REPORT 03 NOVEMBER 2014
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2. Market Views
2
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
DHANIYA
NOV
11930
12128
11930
12034
+0.55
12750
INTRADAY LEVELS
SUPPORT
SUPP.1
11842
SUPP. 2
11715
PIVOT
12046
Dhaniya shortterm trend is up , further more upsideis expected in comimg days.
RESISTANCE
RES. 1
12173
RES. 2
12377
CASTORSEED
NOV
4810
4874
4795
4852
+0.71
154860
INTRADAY LEVELS
SUPPORT
SUPP. 1
4772
SUPP. 2
4725
PIVOT
4802
Castorseed short term trend is up,Prices expected to go up in coming days.
RESISTANCE
RES. 1
4849
RES. 2
4879
TURMERIC
NOV
6248
6284
6170
6212
-0.29
3575
INTRADAY LEVELS
SUPPORT
SUPP. 1
6140
SUPP. 2
6050
PIVOT
6242
Turmeric shortterm trend is up and may continue in coming days.
RESISTANCE
RES. 1
6332
RES. 2
6434
GUARGUM
NOV
15500
15600
15100
15130
-2.83
8105
INTRADAY LEVELS
SUPPORT
SUPP. 1
15403
SUPP. 2
15237
PIVOT
15647
Guargum Short term trend is downExpecting price may go downin coming days.
RESISTANCE
RES. 1
15813
RES. 2
16057

3. Most Active Contract
3
TOP GAINERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
CORIANDER
20-11-2014
12034.00
91.00
0.76%
CASTOR SEED NEW
20-11-2014
4852.00
32.00
0.66%
RAPESEED-MUSTARD SEED
20-11-2014
3741.00
8.00
0.21%
SOYABEAN
20-11-2014
3287.00
7.00
0.21%
REFINED SOY OIL
20-11-2014
599.10
0.80
0.13%
TOP LOSERS
SYMBOL
EXPIRY DATE
CURRENT PRICE
CHANGE
CHANGE %
JEERA
20-11-2014
11255.00
-195.00
-1.70%
GUR
20-11-2014
996.00
-13.00
-1.29%
COTTON SEED OIL CAKE AKOLA
19-12-2014
1365.00
-13.00
-0.94%
CHANA
20-11-2014
3107.00
-29.00
-0.92%
TURMERIC
20-11-2014
6212.00
-28.00
-0.45%
NCDEX INDICES
Index
Value
Pre. Close
% Change
CASTORSEED
4852
4818
0.71
CHANA
3107
3131
-0.77
CORIANDER
12034
11968
0.55
SUGAR
2800
2806
-0.21
JEERA
11255
11420
-1.44
MUSTARD SEED
3741
3742
-0.03
SOYABEAN
3287
3273
0.43
TURMERIC
6212
6230
-0.29

4. Commodities In News
4
ECONOMIC NEWS
Thegovernmenthasraisedthepriceitwillpaytobuynew- seasonwheatfromlocalfarmersby3.57percentto1,450rupeesper100kg,encouragingthecropeventhoughsupplyhasexceededdemandforeightyears.India,theworld'ssecond-biggestwheatconsumer,setsapriceeachyeartoprotectdomesticfarmersfromdistresssalesandtocoveremergencyneeds.Itusesthegraintosellfoodtothepooratlowprices.Thegovernmentannouncedthisyear'sincreaseinastatementonWednesday.Italsoraisedthesupportpricefornew-seasonrapeseed,themainwinter-sownoilseed,to3,100rupeesper100kgfrom3,050rupeesayearearlier.Stategovernmentsbuyoilseedsonlywhenpricesfallbelowthesupportrateandcanclaimreimbursementsfromthecentralgovernment.
STORAGEOVERFLOWING
Inthegrainmarket,India'sbinsareoverflowingafterasharpriseinthesupportpriceinthepastdecade.Thegovernmenthasallowedexportsfromitswarehousesinthepasttwoyears,inareversalfrom2006,whenIndiahadtobuyexpensiveAustralianwheat.OnOct.1,wheatstocksatgovernmentwarehousesamountedto32.3milliontonnes, nearlythreetimestheofficialtarget.Indianfarmersgrowonlyonewheatcropayear,withplantinginOctober- NovemberandharvestingfromApril.Thisyear,farmersharvestedarecord95.9milliontonnesofwheat,upfrom92.5millionthepreviousyear.Highersupportpricesforfarmers,largeinventoriesandexportshaveledtoarisingsubsidybillandinvitedcriticismattheWorldTradeOrganization(WTO).
Jeeratumbledsharplyonshortsellingonbetterarrivals.TheNCDEXJeerafortheDecemberdeliverysettledthedayatRs11,370,downRs170or1.47%.StrongstockpositionsamidhopesofbettersowingarelikelytokeepJeerapricesundercheckinmediumterm.Strongstocklevelsreportedwithstockiestonthebackofbountycroplastyear.Itissoearlytoestimatethecurrentyearsowingareasassowingisjustgoingtostartincoupleofdays. Aspermarketsource,geo-politicaltensionsinSyria,oneofthemajorexportersofthespice,hasledtogooddemandforIndianJeerafromtheoverseasmarkets.Indiaexported42,000tonnesworthRs465.30croresduringApriltoJune2014,up40%and15%overlastyearsameperiod.SpicesboardofIndiatargeted100,000tonnesworthRsRs1300croresforthefinancialyearApril2014toMarch2015.FreshbuyingamidrestrictedarrivalsduetoclosureofmandiespushedJeeraDecemberfuturesneartwomonthshighofRs11,650thisweek.
ChanaNovembercontracttradeddownby0.77%to3107levelsatIndia'sNationalCommodity&DerivativesExchangeLimited(NCDEX).Slowstarttotherabipulsessowingalsolentsupporttotheprices.However,amplesuppliesofchana,importsofyellowpeasandarrivalpressureofkharifpulsescappedsharpgains.TheCCEAhassetMSPfor2014-15atRs.3175/qtlfrom3100lastyear.Priceshavedeclinedoverthelastfewmonthsonsluggishdemandinthephysicalmarketscoupledwithrecordchanaoutputin2013- 14.AccordingtotheMinistryofAgriculture,sowingofrabipulsesason24thOctoberstandsat3.31lakhhaasagainst3.78lakhhalastyear.

5. 5
FundamentalWatch : Sugar
SUGAR PRICES KEY SPOT MARKET
Steadysentimentsrecordedinkeysugarspotmarketstoday. Lacklustertradeandsluggishdemandledthepricessteadytoweakfortheday.Asperthedatareleasedbygovt.,Indiaisexpectedtoproducearound25.04milliontonsofsugarfor2014-15,whichis2%higherthanthefigureachievedlastyear.Similarly,statesgovt.ofthecountryturnedaroundwithacalculatedfigureof25.5milliontonsatthenationallevel. While,sugarindustrybodyISMAprojectedtheproductiontolayinbetween25-25.5milliontonsfor2014-15SugarcanecommissionsofMaharashtra,U.PandKarnatakaestimatedasugarproductionof9.1,6.2and4.2milliontonsthismarketingyear2014-15.Also,thetotalIndianproductionforthesameperiodisevaluatedasmorethan25milliontonsbytheMaharashtramarkets.ItisnotablethatcanehasdivertedmoretowardsgurproductioninPuneandSangliareathisyear.Inadditiontoit,marketparticipantsisexpectingearlyarrivalsofgurforthenextmarketingyearwhichdrivethepricessouthwardsinthemediumterm.Outlook:Sugarpricesarecurrentlyhoveringinarangewithweakertoneduetolacklustertrade.However,lowerexpectedyieldinBrazilduetopersistentdryweatherconditionandlengtheningofintra-harvestperiodcouldstimulatepricesinnearfuture.
China’ssugarimportdeclined39%y-o-yfrom0.59milliontonsto0.36milliontonsinthemonthofSeptember.Similarly,adepreciatingdomesticcurrencyandamplestockbuildupwithinthenationcausedtotalimportstofallby17.8%to2.4milliontonsin2014(Jan-Sep).Totalaround14538bagsofgurstoredincoldstoragestill27thOct,2014lowercomparedto21599bagsatsameperiodlastyear.Gurpricesfelldownandareexpectedtoscrolldownfurtheramidstgoodstockavailabilityinthemarket.
CENTER
31-Oct-14
30-Oct-14
CHANGE
DELHI
3090
3095
-5
DHAMPUR
2950
3060
-110
MUMBAI
3182
3172
10
KOLHAPUR
2900
2900
UNCH
VIJAYWADA
3450
3480
-30
NAGPUR
3250
3250
UNCH

6. Technical Outlook
6
SELL DHANIYA NOV BELOW 12000 TGTS 11970,11920 SL 12050
SELL GUARGUM NOV BELOW 15090 TGTS 15040,14940 SL 15180
BUY CASTORSEED NOV ABOVE 4880 TGTS 4910,4960 SL 4830
BUY TMC NOV ABOVE 6260 TGTS 6310,6410 SL 6180

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