Daily Agri Commodity Trading Market News By Epic Research Pvt. Ltd. - 18th August 2014

AGRI COMMODITY DAILY WRAP UP

CORIANDER UPDATE

Coriander prices fell by 1.75 per cent on Thursday at the National Commodity & De- rivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for August 2014 contract were trading at Rs. 11,365 per quintal, down by 1.75 per cent, after open- ing at Rs. 11,330 against the previous closing price of Rs. 11,567. It touched the intra- day low of Rs. 11,300 till the tradesman in the market. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scan dinavianing. (At 11.33 AM today). Sentiment weakened further as speculators reduced their positions on the back of sluggish

JEERA UPDATE

Jeera futures pared the previous gains on short selling on improved arrivals, weak de- mand amid on technical cues. The NCDEX Jeera September delivery settled the day at Rs 11,225, down Rs 85 or 0.75%. Selling extended in spot Jeera amid lack of demand at elevated levels following rising arrivals. The total stocks in local mandies were almost double of the previous year’s level of 35 lakh bags due to record production in the cur- rent year. The NCDEX Jeera September delivery ended the day at Rs 11,225, down Rs 85 or 0.75% and the open interest added 129 tones to 8,088 tones, indicating short selling.

SOYABEAN

According to ministry of agriculture, Kharif soybean sowing area has progressed to 107.77 lakh hectares as on 14 August 2014, but is still 10.96% lower than the 121.04 lakh hectares sown by this time last year. Rains during the last 2-3 weeks support the sowing pace over key growing belts and the numbers are likely to improve in the days ahead.

NATIONAL MARKET REPORT

India’s food production is estimated at 264.77 mn tons in 2013-14 compared to 257.13 mn tons in 2012-13 while kharif crop sowing till August 14 has risen to 876.70 lakh hectares. The production estimates for major crops for 2013-14 are as follows: Total food grains – 264.77 million tonnes

-Rice – 106.54 million tonnes

-Wheat – 95.91 million tonnes

-Coarse Cereals – 43.05 million tonnes

-Maize – 24.35 million tonnes

-Pulses – 19.27 million tonnes

-Tur – 3.29 million tonnes

-Urad – 1.51 million tonnes

-Moong – 1.50 million tonnes

-Gram – 9.88 million tonnes

-Oilseeds – 32.87 million tonnes

INTERNATIONAL MARKET UPDATE

NCDEX Chana futures price corrected, across contracts on dull buying. Valid

Chana stocks at NCDEX warehouse reported around 117884tons lower by 38tons as on 11thAustralian Chana C&F price was around $530/535/ton. At Mumbai local market Australian Chana traded steady at Rs.3050/quintal. Around 5containers (100tons) of Australian Chickpeas arrived at Nhava Sheva port on 12/8/2014.

DHANIYA

SELL BELOW 11575 TGT 11545-11495 SL 11625

BUY ABOVE 11725 TGT 11755-11805 SL 11675

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