Daily agri report by epic research 27 aug 2014

DAILY AGRI COMMODITY REPORT 27th AUGUST 2014

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DAILY WRAP UP MONTH

OPEN

HIGH

LOW

CLOSE

% CHG

OI (in Lots)

VOL

MONTH

OPEN

HIGH

DHANIYA

SEP

12125

12350

12116

SUPPORT

SUPP. 1

SUPP. 2

11857

12340

INTRADAY LEVELS

RESIS-

RES. 1

RES. 2

TANCE

12087

12163

+1.68

28480

SEP

6750

4249

4256

4181

SUPP. 1

SUPP. 2

4127

4082

6490

6542

6450

INTRA-

PIVOT

is down, and furthermore

DAY LEV-

11933

down is expected in com-

ELS

ing days.

SUPP. 1

SUPP. 2

6498

SUPPORT 6451 INTRADAY LEVELS

RESIS-

RES. 1

RES. 2

TANCE

6543

6589

%

OI (in

CHANGE

lots)

VOL

RESIS-

RES. 1

RES. 2

TANCE

4203

4234

+0.12

125050

44620

Castorseed Short term trend PIVOT

is down. Price expected to

4158

go down in coming days .

GUARGUM

-1.58

14440

78640

OCT.

PIVOT

trend and may continue

6497

in upcoming days.

16690

16970

16260

SUPP. 1

SUPP. 2

16093

15697

16580

-1.95

594

588

SUPPORT

Turmeric price is in down

6405

4242

SUPPORT

TURMERIC

SEP.

CLOSE

CASTORSEED

Dhaniya short term trend

11703

LOW

INTRADAY

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LEVELS

RESIS-

RES. 1

RES. 2

TANCE

16883

17277

Guargum Short term PIVOT

trend is down, Expecting

16487

price may go down in coming days.

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FUNDAMENTAL AND MANDI REPORT

NCDEX INDICES

TOP LOSERS SYMBOL

EXPIRY DATE

CURRENT PRICE

SOYABEAN

20-10-2014

3331.00

CHANGE CHANGE % -35.00

Index

Value

Pre. Close % Change

CASTORSEED

4177

4206

-0.69

CHANA

2861

2896

-1.21

CORIANDER

11842

11835

0.06

-1.04%

REFINED SOY OIL

19-09-2014

617.35

-4.10

-0.66%

CHANA

19-09-2014

2854.00

-9.00

-0.31%

GUR

19-09-2014

1123.00

-2.00

-0.18%

SUGAR M GRADE

19-09-2014

3045.00

-4.00

-0.13%

COTTON SEED OILCAKE

1766

1794

-1.56

JEERA

11075

11200

-1.12

MUSTARD SEED

3573

3494

2.26

SOYBEAN

3366

3420

-1.58

TURMERIC

6478

6610

-2.00

TOP GAINERS SYMBOL

EXPIRY DATE

CURRENT PRICE

CHANG E

CHANGE %

CORIANDER

19-09-2014

12010.00

213.00

1.81%

JEERA

19-09-2014

11175.00

90.00

0.81%

TURMERIC

19-09-2014

6498.00

20.00

0.31%

LIGHT SWEET CRUDE OIL

19-09-2014

5711.00

15.00

0.26%

COTTON SEED OIL CAKE AKOLA

19-09-2014

1760.00

3.00

0.17%

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COMMODITIES IN NEWS ECONOMIC NEWS



Farmers and traders here are concerned over the government decision to bring onion under the Essential Commodities Act (ECA) sans declaration of minimum support price (MSP) and concessions on rail freight. To protect the interest of farmers, the government should have declared MSP for onion as soon as it was included under the Essential Commodities Act," Lasalgaon Agricultural Produce Market Committee (APMC) Chairman Nanasaheb Patil told reporters here over the weekend.



Sugar industry in Maharashtra, the state that's the biggest producer of the sweetener in the country, expects that the formation of the Sugarcane Price Control Board (SPCB) will lead to a permanent solution on the sugarcane price issue. But farmers' organizations are divided over the issue and some are preparing for protests as the state heads into assembly elections Maharashtra cooperation minister Harshvardhan Patil announced the names of the non-official members of the SPCB on Monday. The board, being set up for the first time, will fix cane prices for the 2014-15 crushing season "All the decisions related to sugarcane prices will be taken by the board,. The state government expects a 15% increase in sugar production in 2014-15 over the previous year.

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FUNDAMENTAL AND MANDI REPORT SUGAR 









National Market Report Market sentiments traded between firmer to normal zone with price trending up for the day.

Prequalification are invited BY HARYANASTATE FEDERATION OF CONSUMERS COOPERATIVEWHOLESALE STORES LIMITED for Empanelment of Suppliers for Supply of S-30 Crystal Clear Sugar under PDS forth Year 2014-15 through Procurement Opening date for prequalification has been seats 10thSep, 2014.

STOCK POSITION AT NCDEX WAREHOUSES

CENTER

26-Aug-14

25-Aug-14

%Change

DELHI

3260

3265

-5

DHAMPUR

3215

3225

-10

MUMBAI

3340

3340

UNCH

Total around 604000 bags of Gur stored in cold storages till 25th August 2014 lower compared to 649000 bags at same period last year.

International Update CACP advocated a 4.3% rise in FRP (to Rs 230/quintal) for sugarcane possessing an average recovery rate of 9.5% for the cropping year 201516. It is notable, that the current FRP for cane yield has been fixed at Rs220/quintal (for 9.5% average recovery) and Rs243/quintal (for 10.5% average recovery) for2014 15 seasons.

Gur prices witness artificial firmness at present and likely move down in the coming days due to good stock availability in the Maharashtra markets. It is notable that cane has diverted more towards gur production in Pune and Sangli area this year. In addition to it, market participants is expecting early arrivals of gur for the next marketing year which drive the prices southwards in the medium term.

VIJAYWADA MARKET

NAGPUR MADHYA PRADESH KOLKATA MAHARASTRA

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3540 3540 UNCH 20-Aug-14 19-Aug-14

3350

3350

22000 3330 3000

UNCH 20000

3380

-50 8000

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SPOT QUOTES COMMODITY NAME

LOCATION

PRICE

COMMODITY NAME

LOCATION

PRICE

Bajra

Jaipur

1250

Cotton Seed Oilcake

Kadi

1811

Barley

Jaipur

1487.3

Guar Gum

Jodhpur

15923.9

Castor Seed

Disa

4252.25

Guar Seed 10 MT

Jodhpur

5802.1

Guarseed

Jodhpur

5802.1

Guarseed

Bikaner

5650

Gur

Muzaffar Nagar

1141.85

Jeera

Unjha

11166.65

Maize - Feed/Industrial Grade

Gulabbagh

1120.9

Maize - Feed/Industrial Grade

Nizamabad

1348.3

Maize - Feed/Industrial Grade

Davengere

1365

Maize - Feed/Industrial Grade

Karimnagar

1372.5

Maize - Feed/Industrial Grade

Sangli

1480

Castor Seed 1 MT

Disa

4252.25

Chana

Bikaner

2800

Chana

Delhi

2919.1

Chana

Indore

2890

Chana 1 MT

Delhi

2919.1

Chilli

Guntur

7438.45

Chilli Teja

Khammam

10440

Coriander

Kota

11312.5

Cotton

Kadi

18883.6

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RECOMMENDATIONS DHANIYA (SEP.)

GUARGUM (OCT.)

BUY DHANIYA ABOVE 12030 TGT 12060-12110 SL 11990

SELL GUARGUM BELOW 16350 TGT 16300-16200 SL 16440

CASTORSEED (SEP.)

TURMERIC (SEP.)

SELL CASTORSEED BELOW 4130 TGT 4100-4050 SL 4180

SELL TURMERIC BELOW 6430 TGT 6380-6280 SL 6520

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