AGRI COMMODITY MARKET REPORT - 31 AUG 2015

Turmeric September futures traded on a Surged up on Friday (5.00pm) at India's National

Commodity & Derivatives Exchange (NCDEX). Turmeric spice indrecsed by 2.52% to 8220 level

at NCDEX. As per Telengana Agricultural Department, till 29th July, around 36K ha area has been sown under turmeric vs 37K ha same time last year. Total 50,000 ha area is covered. Moreover, in AP, around 6100 ha area has been seeded till date vs 6K ha last year. During 2014-15, India

exported around 86K tons which is higher by 8500 tons than last year. In 2013-14, around

77500 tons was exported. Masala Board has fixed a target for export of 80K tons for 201415.

TURMERIC (SEPTEMBER) TECHNICAL VIEW:

TREND: MIXED TO BEARISH

RESISTANCE 2: 8380,

RESISTANCE 1: 8300,

SUPPORT 1: 8080,

SUPPORT 2: 7950.

STRATEGY: SELL ON RISE

The NCDEX Soya bean October futures Surged up by 0.06% in the last trading to close at 3141

level till Friday closing.

SOYABEAN : - Timely planting and sufficient rains through most of July in the major grain

producing states is likely to support MY 2015/16 Kharif grain production prospects. However,

sufficient rains throughout August and September will be critical for achieving forecast normal

yields. The inputs provided by the USDA report on August 12 were negative and had pressured

price levels of US soy complex on the same day.

SOYABEAN (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE

RESISTANCE 2:3185,

RESISTANCE 1: 3160,

SUPPORT 1: 3125,

SUPPORT 2: 3110.

STRATEGY: SELL ON RISE

Chana futures traded on a positive note on decreased demand on Friday (5.00PM). Chana May

l contract gained 0.88% to 4809 levels.

CHANA : - Sowing of pulses in Maharashtra has been done in 66% area of fixed target of 24.50

lakh ha, which is up from last year’s sowing area. Around 9.3 lakh ha area has been sown under

Tur vs 9 lakh ha last year. Meanwhile, Moong has been sown in 3.33 lakh ha and urad in 2.42

lakh ha while its sowing target has been fixed 5.60 lakh ha and 5.10 lakh ha respectively. Sowing

of both commodities are ahead from its scheduled.

CHANA (SEPTEMBER) TECHNICAL VIEW:

TREND: MIXED TO BEARISH

RESISTANCE 2: 10900,

RESISTANCE 1: 10850,

SUPPORT 1: 10730,

SUPPORT 2: 10675.

STRATEGY: SELL ON RISE

The NCDEX Dhaniya September futures Surged up by 0.30% in the last trading to close at

10791 level on Friday.

Special Margin of 10% (in cash) on the Long side will be imposed on all running contracts and

yet to be launched contracts in Coriander (DHANIYA) with effect from beginning of day

Wednesday, June 03, 2015.

DHANIYA (SEPTEMBER) TECHNICAL VIEW:

TREND: MIXED TO BEARISH

RESISTANCE 2: 10880,

RESISTANCE 1: 10810,

SUPPORT 1: 10660,

SUPPORT 2: 10570.

STRATEGY: SELL ON RISE

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