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DAILY AGRI COMMODITY REPORT 21ST AUGUST 2014
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DAILY WRAP UP
MONTH OPEN HIGH LOW CLOSE % CHG OI (in Lots) VOL
DHANIYA
SEP. 11730 12050 11730 12022 +2.60 36990 25310
INTRADAY LEVELS
SUPPORT
SUPP. 1
11808
SUPP. 2
11594
PIVOT
11929
RESISTANCE RES. 1
12143
RES. 2
12264
Dhaniya short term trend is down, and furthermore
down is expected in coming days.
MONTH OPEN HIGH LOW CLOSE %
CHANGE OI (in lots)
VOL
CASTORSEED
SEP. 4220 4242 4143 4225 +0.21 175250 1281701
INTRADAY LEVELS
SUPPORT SUPP. 1
4165
SUPP. 2
4104 PIVOT
4203
RESISTANCE RES. 1
4264
RES. 2
4302
Castorseed Short term trend is down. Price expected to go down in coming days
.
SOYABEAN
OCT. 3440 3490 3377 3388 -0.47 73080 66790
INTRADAY LEVELS
SUPPORT
SUPP. 1
3347
SUPP. 2
3305
PIVOT
3427
RESISTANCE RES. 1
3460
RES. 2
3535
Soyabean price is in down trend and may continue in
upcoming days.
GUARGUM
OCT. 17140 17700 16800 17700 +4.00 12847 18131
INTRADAY LEVELS
SUPPORT SUPP. 1
17100
SUPP. 2
16500
PIVOT
17400
RESISTANCE RES. 1
18000
RES. 2
18300
Guargum Short term trend is up, Expecting price may
go up in coming days.
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NCDEX INDICES
FUNDAMENTAL AND MANDI REPORT
Index Value Pre. Close
Castorseed 4225 4216
Chana 2974 2980
Coriander 12022 11715
Cotton Seed Oilcake 1821 1831
Guarseed 5990 5830
Jeera 11295 11350
Mustard seed 3429 3414
SoyBean 3388 3404
Sugar M Grade 3050 3079
Turmeric 6570 6620
% Change
0.21
-0.20
2.62
-0.55
2.74
-0.48
0.44
-0.47
-0.94
-0.76
TOP LOSERS
SYMBOL EXPIRY DATE CURRENT
PRICE CHANGE
CHANGE %
REFINED SOY OIL 19-09-2014 622.40 -9.20 -1.46%
SUGAR M GRADE 19-09-2014 3050.00 -29.00 -0.94%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT PRICE
CHANGE CHANG
E %
CORIANDER 19-09-2014 12022.00 307.00 2.62%
LIGHT SWEET CRUDE OIL 19-09-2014 5684.00 25.00 0.44%
RAPESEED-MUSTARD SEED 19-09-2014 3429.00 15.00 0.44%
GUR 19-09-2014 1151.00 2.50 0.22%
CASTOR SEED NEW 19-09-2014 4225.00 9.00 0.21%
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COMMODITIES IN NEWS
CHANA
Chana prices closed higher 2.5 per cent on Tuesday at the National Com-modity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.
CARDAMOM
Cardamom prices rose by 0.71 per cent at the Multi Commodity Exchange on account of good buying support from both exporters and upcountry buy-ers and also on hopes of improved export demand. Cardamom futures for August 2014 contract were trading at Rs 963.20 per kg, up by 0.71 per cent, after opening at Rs. 957.90 against the previous closing price of Rs. 956.70. It touched the intra-day high of Rs. 966.90 till the trading. Sentiment im-proved further as a result of firm demand in the market against restricted arrivals from producing belts of Chandausi in Uttar Pradesh..
CORIANDER
Coriander prices rose by 0.35 per cent on Wednesday at the National Com-modity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. Senti-ment improved further as the investors enlarged their holdings tracking the surge in the demand for the commodity. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian cuisine.
ECONOMIC NEWS
Faced with economic sanctions by the western world and a retaliatory ban on import of agricultural commodities from there, Russia has evinced interest in import of large quant of fruits and vegetables from India.
In a letter to the Agricultural and Processed Food Products Export Development Authority (Apeda), one of Russia’s largest retail chains Retain Chain Monetka, has sought import of vegetables including potato, cabbage, carrot, marrow, garlic, tomato, on-ion, capsicum, radish and mushroom from India
An import depended Russia bought over $128 billion agricultural commodities from the United States and European Union in 2013. But, the import from these origins are banned in retaliation with economic sanctions form the Western countries due to ad-vancement of Russian military into Ukraine. India currently exports agricultural commodities worth $100 million to Russia. Russia is looking to import agricultural commodities from elsewhere. It has also sought import of apples, oranges, banana, etc.
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FUNDAMENTAL AND MANDI REPORT
CASTORSEED National Market Report
Soybean (plant delivery, Indore) fell on weak low soy product demand while mustard seed, Jaipur, rebound on buying support as expected. This is despite weakness in BMD CPO. Soybean arrivals in Madhya Pradesh slightly improved to 22,000 bags compared to 20,000 bags on Tuesday. All India arrivals of RM seed too remained flat 1.0 lakh bags compared to Tuesday’s level. Besides, RM seed arrivals in Rajasthan too remained steady 0.55 lakh bags compared to Tuesday’s level. Indian soybean and soyoil futures fell on Wednesday, tracking weak global markets and on sluggish export demand for soymeal. The key October soybean contract closed down 0.50 percent at 3,387 rupees per 100 kg
International Update
US soybean crop is reported under good condition. Soybean blooming, as on Aug 18, is reported at 95% which is at par with the 5 year aver-age but slightly above 91% compared to the same period last year. The crop is 83% in pod formation which is above 5 year average of 79% and also above 70% during the same period last year. Further, the crop is 71% in good to excellent condition, which is better than last year. The factors are considered to be bearish for the international soybean for short-term. Malaysian palm oil lost more ground on Wednesday, fal-ling for a sixth consecutive session to its lowest since October 2009 as slowing exports and prospects of near-record U.S. soybean production
MARKET
20-Aug-14
19-Aug-14
MADHYA PRADESH
22000
20000
MAHARASTRA
3000
8000
STOCK POSITION AT NCDEX WAREHOUSES
MARKET
20-Aug-14
19-Aug-14
MADHYA PRADESH
22000
20000
MAHARASTRA
3000
8000
RAJASTHAN
10000
10000
BUNDI
200
400
JHALAWAR
400
700
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COMMODITY NAME LOCATION PRICE
Castor Seed Disa 4249.65
Castor Seed 1 MT Disa
4249.65
Chana Bikaner 2882.5
Chana Delhi 3000
Chana Indore 2993.15
Chana 1 MT Delhi 3000
Chilli Guntur 7362.5
Chilli Teja Khammam 10166.65
Copper Cathode Mumbai 412.7
Coriander Kota 11125
Cotton Kadi 18525.05
Cotton Seed (Industrial Grade) Akola 2312
COMMODITY NAME LOCATION PRICE
Soy Bean Kota 3767.6
Soy Bean Indore 3861
Soy Bean Nagpur 3965.25
Steel Long Mandi Gobindgarh 34650
Steel Long Commercial Thane 32150
Sugar M Grade Kolhapur 3088.9
Sugar M Grade Kanpur 3300
Sugar M Grade Erode 3173
Sugar M Grade Muzaffar Nagar 3283
Sugar M Grade Delhi 3330
Sugar M Grade Kolkatta 3330
Sugar M Grade Kolhapur 3132.75
SPOT QUOTES
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RECOMMENDATIONS
SELL BELOW 11910 TGT 11880 -11830 SL 11960 BUY ABOVE 12050 TGT 12080-12130 SL 1 2000
SELL BELOW 17500TGT 17450 -17350 SL 17590 BUY ABOVE 17710 TGT 17740 –17840 SL 17620
SELL BELOW 4180 TGT 4160-4110 SL 4230 BUY ABOVE 4230 TGT 4260 -4310 SL 4180
SELL BELOW 3370 TGT 3340-3290 SL 3420 BUY ABOVE 3420 TGT 3450-3500 SL 3370
DHANIYA (SEP.) GUARGUM (OCT.)
SOYABEAN (OCT.) CASTORSEED (SEP.)
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