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DAILY AGRI COMMODITY REPORT

01 February 2016

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Market Views
MONTH

OPEN

HIGH

LOW

CLOSE

% CHG

VOL

MONTH

OPEN

HIGH

CORIANDER

APR

6262

6336

6202

SUPPORT

SUPP.1

SUPP. 2

6185

6127

6244

6261
RESISTAN
CE

RES. 1

RES. 2

6319

6395

-0.76

3850

Coriander short term


trend is bearish and May
continue in coming
days.

FEB

SUPPORT

SUPP. 1

SUPP. 2

8132

8264

8030

SUPPORT

SUPP. 1

SUPP. 2

8085

7941

8230

8175
RESISTAN
CE

RES. 1

RES. 2

8319

8409

% CHG

VOL

PIVOT

LEVELS

RESISTAN
CE

RES. 1

RES. 2

GUARGUM

PIVOT

INTRADAY
LEVELS

INTRADAY

TURMERIC

APR

CLOSE

CASTORSEED

PIVOT

INTRADAY
LEVELS

LOW

+0.56

9765

Turmeric short term


trend is bearish and
May continue in
coming days.

FEB

5890

5940

5630

SUPPORT

SUPP. 1

SUPP. 2

5547

5433

5660

PIVOT

INTRADAY
LEVELS

5743
RESISTAN
CE

RES. 1

RES. 2

5857

6053

-3.41

19313

Guargum short term


trend is bearish and
May continue in
coming days.

Most Active Contract


NCDEX INDICES

TOP LOSERS

CHANGE

CHANGE
%

Index

Value

Pre.
Close

%
Change

CASTORSEED

SYMBOL

EXPIRY DATE

CURRENT
PRICE

SOYABEAN

19-02-2016

3711.00

-83.00

-2.19%

RAPESEED-MUSTARD
SEED

20-04-2016

3825.00

-58.00

-1.49%

CHANA

4181

4247

-1.55

CHANA

20-04-2016

4181.00

-61.00

-1.44%

CORIANDER

6244

6292

-0.76

JEERA

18-03-2016

13400.00

-80.00

-0.59%

CORIANDER

20-04-2016

6244.00

-31.00

-0.49%

GUARGUM

5660

5860

-3.41

JEERA

13400

13460

-0.45

MUSTARD
SEED

3825

3885

-1.54

SOYABEAN

3711

3785

-1.96

TURMERIC

8230

8184

+0.56

TOP GAINERS
SYMBOL

TURMERIC

EXPIRY DATE

20-04-2016

CURRENT
PRICE
8230.00

CHANGE CHANGE %

130.00

1.60%

COTTON SEED OIL CAKE


AKOLA

19-02-2016

2036.00

17.00

0.84%

BARLEY

20-04-2016

1427.00

10.00

0.71%

Commodities In News
Turmeric settled down on late profit booking after prices gained
supported by rising demand in the spot market. Further, some export
enquiries too fuelled the uptrend. However, there are reports of
production concern due to drought in Maharashtra and Andhra Pradesh.
There is concern over production due to heavy rains during Nov-Dec in
south India but the prices may remain little lower as trader may wait for
new season crop in next one month.Deficient rainfall in during early
part of sowing in major Turmeric growing regions of Maharashtra and
Karnataka may reduce the yield. However, expectations of bumper
crop this year due to good weather conditions across Gujarat and
Rajasthan, capped some gains. Because of the medium quality, traders
quoted decreased price and procured all the bags. Regarding the price
of the commodity, the new turmeric decreased by Rs. 650 a quintal and
the root variety by Rs. 800. But the old finger turmeric was up Rs. 400900 and the old root turmeric by Rs. 900.
Chana settled down as pressure seen due to increased supplies in
market from imported chana from Australia and other countries.
Moreover, return of winter and expectations of increased supplies from
imported chana also weighed. This year chana is sown in 85.48 lakh
tonnes (lt), compared with 85.74 lt last year, as per data release by
Agriculture Ministry on Jan 22.The area under chana is lower than the
average and normal area shown in the country. The acreage under
chana reported higher in Maharashtra (14.2 lh Vs 12.2 lh), Andhra
Pradesh (3.32 lh Vs 2.67 lh) and Karnataka compared to last years
acreage but slightly lower in Rajasthan (12.35 lh Vs 12.56 lh) and MP
as per data released by respective state agriculture department. India
has imported 3.07 lt of Chana until September in the current financial
year.Meanwhile, India's pulses import during first half of this fiscal
rose 14.2% to 22.5 million ton due to fall in domestic output caused by
poor monsoon for the second successive years. During Apr-Sep 2014,
India imported 1.97 million ton pulses, government data showed.

ECONOMIC NEWS
Wheat sowing has declined by 4.4 per cent in the winter season so far to
292.52 lakh hectares, while area under pulses is down by 2.74 per
cent.Sowing of wheat and other rabi crops has been affected due to less soil
moisture following two consecutive drought years."As per preliminary
reports received from the states, the total area sown under Rabi crops as on
January 28, 2016, stands at 591.51 lakh hectares," an official statement
said.Total area sown under Rabi crops stood at 609.31 lakh hectares in the
same period of the previous year.As per the data, wheat has been sown in
292.52 lakh hectare in this Rabi season against 305.94 lakh hectare in the
year-ago period. Area under coverage for rice is down to 22.41 lakh
hectares from 24.08 lakh hectares.Pulses acreage has declined to 139.08
lakh hectare so far from 143.01 lakh hectares.However, area under
coverage for pulses have increased to 60.08 lakh hectares from 56.76 lakh
hectares.In non-foodgrains category, oilseeds acreage dropped to 77.43
lakh hectare so far from 79.51 lakh hectares in the year-ago
period.Production of wheat, a major rabi crop, had declined to 90.86
million tonnes in 2014-15, from 91.50 million tonnes in the previous year
due to unseasonal rains. Flour millers have asked the government to scrap
the 25 per cent import duty on wheat from April due to worries over a fall
in output in 2016-17. The demand has come at a time when global
exporters are eyeing India as a possible bulk buyer and flour millers want
to plan wheat imports before the world market reacts to the country's grain
requirement.The Union government had increased the import duty on
wheat to 25 per cent from 10 per cent last fiscal as it wanted to prevent
imports and liquidate its own stocks. The industry expects a shortfall of 10
million tonnes in the next fiscal due to fall in acreage caused by drought
conditions and high temperatures, which are not suitable for wheat crop.
Millers require high protein wheat for flour used for quick service
restaurants and bread manufacturers."Apart from the decline expected in
wheat production, the estimated requirement of 61.2 million tonnes of
wheat under National Food Security Act (NFSA) indicates a larger
procurement target for the central pool, leaving considerably smaller
market surplus for the industry to source its milling requirement.

Fundamental Watch : Chana


National Market Update
According to the Ministry of Agriculture, area under Rabi pulses throughout
the country stood 291.97 Lakh hectares as on 22nd January this year, around
4.5% lower when compared to the area sown during corresponding period last
year which was 305.6 Lakh hectares.
As pulses supply is in deficit side, the government is importing the same
from the other nation and around 15,000 tons of pulses has been procured so
far during the current season, said Food Minister Ram Vilas Paswan.
According to latest report released by Ministry of Agriculture, Chana area
till date (as on 15.01.2016) was registered at 85.06 Lakh Ha which is almost
same as the last year sowing area during the corresponding period which was
85.10 Lakh Ha.

According to latest report released by Ministry of Agriculture, Peas area till


date (as on 15.01.2016) was registered at 9.75 Lakh Ha which was around
5.1% lower than the last year in the corresponding period. Last year it was
10.27 Lakh ha.
According to latest report released by Ministry of Agriculture, Rabi Urad
area till date (as on 15.01.2016) was registered at 7.47 Lakh Ha which is
around 0.5% higher than last year in the corresponding period. Last year it was
7.43 Lakh ha.
According to latest report released by Ministry of Agriculture, Lentil area till
date (as on 15.01.2016) was registered at 13.40 Lakh Ha which was around
10.6% lower than the last year in the corresponding period. Last year it was
14.99 Lakh ha.

CHANA PRICES AT KEY SPOT MARKET


CENTER

29-Jan-15

28-Jan-15

Change

AHMEDNAGAR

4200

4250

-50

ALWAR

4200

4200

UNCH

GWALIOR

4300

4300

UNCH

JAIPUR

4600

4600

UNCH

KANPUR

4900

4900

UNCH

NAGPUR

4100

4100

UNCH

VIJAYWADA

4950

4900

+50

Technical Outlook

SELL CORIANDER APR BELOW 6200 TARGET 6155 6005 SL


ABOVE 6265

SELL GUARGUM FEB BELOW 5630 TARGET 5580 5510 SL


ABOVE 5690

BUY TURMERIC APRIL ABOVE 8264 TARGET 8308 8368 SL


BELOW 8204

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