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DAILYAGRI COMMODITY REPORT
20 January 2015
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1
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Hotline: +91 731 664 2300
Alternate: +91 731 664 2320
Or give us a missed call at
026 5309 0639
Our Presence
YOUR MINTVISORY Call us at +91-731-6642300
Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
APR 7516 7638 7347 7480 +0.21 12550
INTRADAY
LEVELS
SUPPORT SUPP.1
7339
SUPP. 2
7197
PIVOT
7488
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
7630
RES. 2
7779
CASTORSEED
FEB 4579 4579 4403 4403 -3.99 32920
INTRADAY
LEVELS
SUPPORT SUPP. 1
4344
SUPP. 2
4286
PIVOT
4462
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
4520
RES. 2
4638
TURMERIC
APR 9048 9240 9030 9134 +1.53 15315
INTRADAY
LEVELS
SUPPORT SUPP. 1
9029
SUPP. 2
8925
PIVOT
9135
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
9239
RES. 2
9345
GUARGUM
FEB 11300 11420 11000 11030 -1.69 6886
INTRADAY
LEVELS
SUPPORT SUPP. 1
10880
SUPP. 2
10730
PIVOT
11150
Guargum Short term
trend is Down,
Expecting price may go
Down in coming days.RESISTAN
CE
RES. 1
11300
RES. 2
11570
Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-01-2015 16625.00 350.00 2.15%
BARLEY 20-01-2015 1610.00 10.50 0.66%
COTTON SEED OIL CAKE
AKOLA
20-01-2015 1445.00 6.00 0.42%
REFINED SOY OIL 20-01-2015 676.00 2.70 0.40%
TURMERIC 20-04-2015 9134.00 12.00 0.13%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CASTOR SEED NEW 20-01-2015 4507.00 -247.00 -5.20%
RAPESEED-MUSTARD SEED 20-01-2015 3925.00 -114.00 -2.82%
CORIANDER 20-01-2015 10800.00 -133.00 -1.22%
CHANA 20-01-2015 3440.00 -32.00 -0.92%
GUR 20-01-2015 980.00 -2.00 -0.20%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4403 4586 -3.99
CHANA 3411 3373 +1.13
CORIANDER 7480 7464 +0.21
GUARGUM 11030 11220 -1.69
JEERA 16835 16190 +3.98
MUSTARD SEED 3472 3460 +0.35
SOYABEAN 3462 3476 -0.4
TURMERIC 9134 8996 +1.53
Commodities In News
4
ECONOMIC NEWS
Sugar is witnessing some demand now as stocksts are buying the
fresh stocks amid festivals around the country. Mill prices have
recovered from their lowest levels in three years. However, supplies
are equally good. The domestic Sugar production is up 27.3% in the
first three months of the 2014-15 season that began in October to hit
74.61 lakh tonnes (lt) as on December 31, according to latest data
released by the Indian Sugar Mills Association. The strong gains in
the output have been primarily attributed to mills in Uttar Pradesh
(UP) beginning cane crushing operations a week earlier than last
season.
The government considered politically sensitive urea fertilizer in
the next three years, is working on a plan to decontrol. Therefore, the
urea production, import and pricing will be completely deregulated,
the price of urea to farmers in three years, twenty percent every year,
is set to increase to reduce the subsidy burden. However, depending
on the card using Jndn plan and deliver fertilizer subsidy directly to
farmers account move is part of the plan.According to high-ranking
officials in the Ministry of fertilizer, urea, in freeing the three-year
plan has been drawn up and presented by the glimpse Finance
Minister Arun Jaitley likely to see in the next year's budget.Modi
government raised prices of urea and decide freeing freeing the
diesel subsidy cuts on the front of the Modi government's move
could prove to be a great reformer. Plan prepared by the Ministry of
fertilizer each year for three years under twenty per cent hike prices
move first ten percent of kharif and rabi crops will increase annually.
As a result, the domestic market in three years, the maximum retail
price of urea (MRP) of Rs 5360 to Rs 9500 per tonne per tonne will
be increased from the current level. The price of each bag of 50 kg
increased from Rs 268 to Rs 475 per bag.
Chana prices have extended their weakness amid lack of buying as arrivals
surged. However, continued worries on the rabi sowings front are likely to
trigger buying if prices fall further. Rising Tur arrivals and steady inflow of
old Chana stocks are keeping a check on the sentiments and Delhi Chana
prices dropped to Rs 3400 per quintal, down Rs 35/40 per quintal on the day.
These are the lowest levels in nearly a month for the commodity. Major losses
have emerged in the area under Gram or Chana. The area under sowing of
Gram is at 81.98 lakh hectares this year while the last year's figure was 98.16
lakh hectares. Area coverage under Total Pulses is at 133.41 lakh hectares
while the last year's sowing area coverage was 149.17 lakh hectares.
Jeera prices continued to soar, breaking above Rs 16000 per quintal today
on resurgence in buying as traders are eying major crop losses in key
producing states. Prices soared in last few days on good buying support
following persistent worries over the acreage. The commodity is trading at Rs
16371 per quintal, up Rs 400 per quintal on the day. The total daily arrivals
stand at just 7000 bags- witnessing a slack season lull.
.Turmeric Good arrivals were noted in Nizamabad today as well and the
prices tumbled amid thin demand. The traders are expecting this momentum
to continue, keeping prices slightly on a bearish track. Prices have already
soared by around 30% in last three weeks,, hitting highs above Rs 8000 per
quintal. However, the counter is trading at Rs 8033 per quintal mark in
Nizamabad today, up Rs 15 per quintal on the day.
Castor in Gujarat this year than last year's output expected to rise This year,
more than 9 per cent in Gujarat Kastrseed production could reach 15 million
tonnesCastor state this year has seen an increase in sowing Production
expected to increase pressure on the spot and futures market prices Watching
Kastrseed Kastrseed for February futures dipped below Rs 4403.
5
Fundamental Watch :Chana
CHANA ARIVALS AT KEY SPOT MARKETNational Market Update
Chana at NCDEX surge on fresh buying. Commencement of new chana
arrived in Andhra Pradesh and Tamil. At Vijaywada market in Andhra Pradesh,
Chana Desi closed strong at Rs. 3350 per quintal, up by 3.72 per cent from
previous trading day. Estimated market supply was at 1000 quintals, steady as
against previous day's arrival.Moong Desi finished lower at Rs. 7500 per
quintal, lower by 1.32 per cent from previous price level. Arrivals were
reported at 2000 quintals, higher by 1500 quintals as against previous day.Urad
Polish at Vijaywada market finished strong at Rs. 5900-6000 per quintal, up by
2.56 per cent as compared to previous day. Trade sources reported arrivals at
3000 quintals, higher by 2500 quintals from previous day's arrivals.Urad
Sada(Bada) at Vijaywada market finished weak at Rs. 5700 per quintal, lower
by 0.87 per cent from previous trading day.Jan.19,2015. Rabi Pulses Sowing
Down 11% Y-O-Y, Chana Down 16 %. According to Ministry of Agriculture,
total rabi pulses acreage till Jan. 16,2015 is down by 11% to 133.41 lakh
hectare(Ha.) as compared with last year’s area coverage of 149.17 lakh hectare
during the corresponding week. The area planted under chana is also down by
16% to 81.98 Lakh Ha. against 98.16 lakh ha. in same corresponding week
during last year.
Myanmar exported 57,721 tonnes ( including 48900 tonnes as non-border)
and 8821 tonne as border) of pulses in October 2014, down 13% from 71274
tonne (57217 tonne as non-border & 9065 tonne as border) in last month’s
level due to the new crop season in India. The October's 2014 export is also
down by 54% from 125893 tonne exported during same period in last year.
The total shipment till Oct.,2014 is totaled at 1063833 tonne. The urad
accounts for 20262 tonne, followed by 20347 tonne of toor and 5423 tonne of
moong. The Domestic wholesale prices for urad and Toor Whole beans
increased due to lower stocks while the price forMung beans remained strong
in response to a steady demand from China.
CENTER 19-Jan-15 17-Jan-15 Change
AJMER 150 NA -
ALWAR 300 300 UNCH
ASHOKNAGAR 700 400 +300
DAHOD 200 300 -100
KOTA 500 800 -300
VIJAYWADA 1000 NA -
JALGOAN 100 100 UNCH
Technical Outlook
6
SELL DHANIYA APR BELOW 7340 TGTS 7310,7260 SL 7390 SELL GUARGUM FEB BELOW 11000 TGTS 10950,10850 SL 11090
SELL CASTORSEED FEB BELOW 4400 TGTS 4370,4320 SL 4450 BUY TMC APR ABOVE 9250 TGTS 9300,9400 SL 9160
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Epic research daily agri report 20 jan 2015

  • 1. DAILYAGRI COMMODITY REPORT 20 January 2015 HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: +61 422 063855 HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315 Toll Free Number 1-800-200-9454 All queries should be directed to Info@epicresearch.co 1 Epic Research India 411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 Our Presence YOUR MINTVISORY Call us at +91-731-6642300
  • 2. Market Views 2 MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL DHANIYA APR 7516 7638 7347 7480 +0.21 12550 INTRADAY LEVELS SUPPORT SUPP.1 7339 SUPP. 2 7197 PIVOT 7488 Dhaniya short term trend is down, further more downside is expected in comimg days. RESISTAN CE RES. 1 7630 RES. 2 7779 CASTORSEED FEB 4579 4579 4403 4403 -3.99 32920 INTRADAY LEVELS SUPPORT SUPP. 1 4344 SUPP. 2 4286 PIVOT 4462 Castorseed short term trend is down, Prices expected to go down in coming days.RESISTAN CE RES. 1 4520 RES. 2 4638 TURMERIC APR 9048 9240 9030 9134 +1.53 15315 INTRADAY LEVELS SUPPORT SUPP. 1 9029 SUPP. 2 8925 PIVOT 9135 Turmeric short term trend is up and may continue in coming days.RESISTAN CE RES. 1 9239 RES. 2 9345 GUARGUM FEB 11300 11420 11000 11030 -1.69 6886 INTRADAY LEVELS SUPPORT SUPP. 1 10880 SUPP. 2 10730 PIVOT 11150 Guargum Short term trend is Down, Expecting price may go Down in coming days.RESISTAN CE RES. 1 11300 RES. 2 11570
  • 3. Most Active Contract 3 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % JEERA 20-01-2015 16625.00 350.00 2.15% BARLEY 20-01-2015 1610.00 10.50 0.66% COTTON SEED OIL CAKE AKOLA 20-01-2015 1445.00 6.00 0.42% REFINED SOY OIL 20-01-2015 676.00 2.70 0.40% TURMERIC 20-04-2015 9134.00 12.00 0.13% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CASTOR SEED NEW 20-01-2015 4507.00 -247.00 -5.20% RAPESEED-MUSTARD SEED 20-01-2015 3925.00 -114.00 -2.82% CORIANDER 20-01-2015 10800.00 -133.00 -1.22% CHANA 20-01-2015 3440.00 -32.00 -0.92% GUR 20-01-2015 980.00 -2.00 -0.20% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 4403 4586 -3.99 CHANA 3411 3373 +1.13 CORIANDER 7480 7464 +0.21 GUARGUM 11030 11220 -1.69 JEERA 16835 16190 +3.98 MUSTARD SEED 3472 3460 +0.35 SOYABEAN 3462 3476 -0.4 TURMERIC 9134 8996 +1.53
  • 4. Commodities In News 4 ECONOMIC NEWS Sugar is witnessing some demand now as stocksts are buying the fresh stocks amid festivals around the country. Mill prices have recovered from their lowest levels in three years. However, supplies are equally good. The domestic Sugar production is up 27.3% in the first three months of the 2014-15 season that began in October to hit 74.61 lakh tonnes (lt) as on December 31, according to latest data released by the Indian Sugar Mills Association. The strong gains in the output have been primarily attributed to mills in Uttar Pradesh (UP) beginning cane crushing operations a week earlier than last season. The government considered politically sensitive urea fertilizer in the next three years, is working on a plan to decontrol. Therefore, the urea production, import and pricing will be completely deregulated, the price of urea to farmers in three years, twenty percent every year, is set to increase to reduce the subsidy burden. However, depending on the card using Jndn plan and deliver fertilizer subsidy directly to farmers account move is part of the plan.According to high-ranking officials in the Ministry of fertilizer, urea, in freeing the three-year plan has been drawn up and presented by the glimpse Finance Minister Arun Jaitley likely to see in the next year's budget.Modi government raised prices of urea and decide freeing freeing the diesel subsidy cuts on the front of the Modi government's move could prove to be a great reformer. Plan prepared by the Ministry of fertilizer each year for three years under twenty per cent hike prices move first ten percent of kharif and rabi crops will increase annually. As a result, the domestic market in three years, the maximum retail price of urea (MRP) of Rs 5360 to Rs 9500 per tonne per tonne will be increased from the current level. The price of each bag of 50 kg increased from Rs 268 to Rs 475 per bag. Chana prices have extended their weakness amid lack of buying as arrivals surged. However, continued worries on the rabi sowings front are likely to trigger buying if prices fall further. Rising Tur arrivals and steady inflow of old Chana stocks are keeping a check on the sentiments and Delhi Chana prices dropped to Rs 3400 per quintal, down Rs 35/40 per quintal on the day. These are the lowest levels in nearly a month for the commodity. Major losses have emerged in the area under Gram or Chana. The area under sowing of Gram is at 81.98 lakh hectares this year while the last year's figure was 98.16 lakh hectares. Area coverage under Total Pulses is at 133.41 lakh hectares while the last year's sowing area coverage was 149.17 lakh hectares. Jeera prices continued to soar, breaking above Rs 16000 per quintal today on resurgence in buying as traders are eying major crop losses in key producing states. Prices soared in last few days on good buying support following persistent worries over the acreage. The commodity is trading at Rs 16371 per quintal, up Rs 400 per quintal on the day. The total daily arrivals stand at just 7000 bags- witnessing a slack season lull. .Turmeric Good arrivals were noted in Nizamabad today as well and the prices tumbled amid thin demand. The traders are expecting this momentum to continue, keeping prices slightly on a bearish track. Prices have already soared by around 30% in last three weeks,, hitting highs above Rs 8000 per quintal. However, the counter is trading at Rs 8033 per quintal mark in Nizamabad today, up Rs 15 per quintal on the day. Castor in Gujarat this year than last year's output expected to rise This year, more than 9 per cent in Gujarat Kastrseed production could reach 15 million tonnesCastor state this year has seen an increase in sowing Production expected to increase pressure on the spot and futures market prices Watching Kastrseed Kastrseed for February futures dipped below Rs 4403.
  • 5. 5 Fundamental Watch :Chana CHANA ARIVALS AT KEY SPOT MARKETNational Market Update Chana at NCDEX surge on fresh buying. Commencement of new chana arrived in Andhra Pradesh and Tamil. At Vijaywada market in Andhra Pradesh, Chana Desi closed strong at Rs. 3350 per quintal, up by 3.72 per cent from previous trading day. Estimated market supply was at 1000 quintals, steady as against previous day's arrival.Moong Desi finished lower at Rs. 7500 per quintal, lower by 1.32 per cent from previous price level. Arrivals were reported at 2000 quintals, higher by 1500 quintals as against previous day.Urad Polish at Vijaywada market finished strong at Rs. 5900-6000 per quintal, up by 2.56 per cent as compared to previous day. Trade sources reported arrivals at 3000 quintals, higher by 2500 quintals from previous day's arrivals.Urad Sada(Bada) at Vijaywada market finished weak at Rs. 5700 per quintal, lower by 0.87 per cent from previous trading day.Jan.19,2015. Rabi Pulses Sowing Down 11% Y-O-Y, Chana Down 16 %. According to Ministry of Agriculture, total rabi pulses acreage till Jan. 16,2015 is down by 11% to 133.41 lakh hectare(Ha.) as compared with last year’s area coverage of 149.17 lakh hectare during the corresponding week. The area planted under chana is also down by 16% to 81.98 Lakh Ha. against 98.16 lakh ha. in same corresponding week during last year. Myanmar exported 57,721 tonnes ( including 48900 tonnes as non-border) and 8821 tonne as border) of pulses in October 2014, down 13% from 71274 tonne (57217 tonne as non-border & 9065 tonne as border) in last month’s level due to the new crop season in India. The October's 2014 export is also down by 54% from 125893 tonne exported during same period in last year. The total shipment till Oct.,2014 is totaled at 1063833 tonne. The urad accounts for 20262 tonne, followed by 20347 tonne of toor and 5423 tonne of moong. The Domestic wholesale prices for urad and Toor Whole beans increased due to lower stocks while the price forMung beans remained strong in response to a steady demand from China. CENTER 19-Jan-15 17-Jan-15 Change AJMER 150 NA - ALWAR 300 300 UNCH ASHOKNAGAR 700 400 +300 DAHOD 200 300 -100 KOTA 500 800 -300 VIJAYWADA 1000 NA - JALGOAN 100 100 UNCH
  • 6. Technical Outlook 6 SELL DHANIYA APR BELOW 7340 TGTS 7310,7260 SL 7390 SELL GUARGUM FEB BELOW 11000 TGTS 10950,10850 SL 11090 SELL CASTORSEED FEB BELOW 4400 TGTS 4370,4320 SL 4450 BUY TMC APR ABOVE 9250 TGTS 9300,9400 SL 9160
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