daily agri report by epic research 27 aug 2014
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DAILY AGRI COMMODITY REPORT 27th AUGUST 2014
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DAILY WRAP UP
MONTH OPEN HIGH LOW CLOSE % CHG OI (in Lots) VOL
DHANIYA
SEP 12125 12350 12116 12340 +1.68 28480 6750
INTRADAY LEVELS
SUPPORT
SUPP. 1
11857
SUPP. 2
11703
PIVOT
11933 RESIS-TANCE
RES. 1
12087
RES. 2
12163
Dhaniya short term trend is down, and furthermore down is expected in com-
ing days.
MONTH OPEN HIGH LOW CLOSE %
CHANGE OI (in lots)
VOL
CASTORSEED
SEP 4249 4256 4181 4242 +0.12 125050 44620
INTRA-DAY LEV-
ELS
SUPPORT SUPP. 1
4127
SUPP. 2
4082
PIVOT
4158
RESIS-TANCE
RES. 1
4203
RES. 2
4234
Castorseed Short term trend is down. Price expected to go down in coming days
.
TURMERIC
SEP. 6490 6542 6450 6498 -1.58 14440 78640
INTRADAY LEVELS
SUPPORT SUPP. 1
6451
SUPP. 2
6405
PIVOT
6497
RESIS-TANCE
RES. 1
6543
RES. 2
6589
Turmeric price is in down trend and may continue
in upcoming days.
GUARGUM
OCT. 16690 16970 16260 16580 -1.95 594 588
INTRADAY LEVELS
SUPPORT SUPP. 1
16093
SUPP. 2
15697
PIVOT
16487
RESIS-TANCE
RES. 1
16883
RES. 2
17277
Guargum Short term trend is down, Expecting
price may go down in coming days.
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NCDEX INDICES
FUNDAMENTAL AND MANDI REPORT
Index Value Pre. Close % Change
CASTORSEED
4177
4206
-0.69
CHANA
2861
2896
-1.21
CORIANDER
11842
11835
0.06
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 LOSERS
SYMBOL EXPIRY DATE CURRENT
PRICE CHANGE
CHANGE %
SOYABEAN 20-10-2014 3331.00 -35.00 -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%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT PRICE
CHANGE
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 deci-sion 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 un-der the Essential Commodities Act," Lasalgaon Agricultural Pro-duce Market Committee (APMC) Chairman Nanasaheb Patil told reporters here over the weekend.
Sugar industry in Maharashtra, the state that's the biggest pro-ducer of the sweetener in the country, expects that the formation of the Sugarcane Price Control Board (SPCB) will lead to a perma-nent solution on the sugarcane price issue. But farmers' organiza-tions are divided over the issue and some are preparing for protests as the state heads into assembly elections Maharashtra co-operation minister Harshvardhan Patil announced the names of the non-official members of the SPCB on Monday. The board, be-ing 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% in-crease 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 un-der PDS forth Year 2014-15 through Procurement Opening date for prequalification has been seats 10thSep, 2014.
Total around 604000 bags of Gur stored in cold storages till 25th Au-
gust 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 pro-duction 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.
MARKET
20-Aug-14
19-Aug-14
MADHYA PRADESH
22000
20000
MAHARASTRA
3000
8000
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
VIJAYWADA 3540 3540 UNCH
NAGPUR 3350 3350 UNCH
KOLKATA 3330 3380 -50
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COMMODITY NAME LOCATION PRICE
Bajra Jaipur 1250
Barley Jaipur 1487.3
Castor Seed Disa 4252.25
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
COMMODITY NAME LOCATION PRICE
Cotton Seed Oilcake Kadi 1811
Guar Gum Jodhpur 15923.9
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
SPOT QUOTES
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RECOMMENDATIONS
BUY DHANIYA ABOVE 12030 TGT 12060-12110 SL 11990
SELL GUARGUM BELOW 16350 TGT 16300-16200 SL 16440
SELL CASTORSEED BELOW 4130 TGT 4100-4050 SL 4180
SELL TURMERIC BELOW 6430 TGT 6380-6280 SL 6520
DHANIYA (SEP.) GUARGUM (OCT.)
TURMERIC (SEP.) CASTORSEED (SEP.)
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