WEEKLY AGRI COMMODITY REPORT

15NOVEMBER 2016

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Weekly Wrap Up
MONTH

OPEN

HIGH

LOW

CLOSE

% CHG

VOL

MONTH

OPEN

HIGH

CORIANDER

DEC

7827

7890

7370

SUPPORT

SUPP.1

SUPP. 2

7243

7047

7440

7567
RESISTAN
CE

RES. 1

RES. 2

7763

8087

-3.87

12680

Coriander short term

trend is bearish and may
continue in coming days.

SUPPORT

SUPP. 1

SUPP. 2

7298

7390

6390

SUPPORT

SUPP. 1

SUPP. 2

6473

5931

PIVOT

LEVELS

RES. 1

RES. 2

7473

7931

VOL

RES. 1

RES. 2

GUARGUM

7014

6931
RESISTAN
CE

% CHG

RESISTAN
CE

PIVOT

INTRADAY
LEVELS

INTRADAY

TURMERIC

DEC

CLOSE

CASTORSEED

PIVOT

INTRADAY
LEVELS

LOW

-2.84

26540

Turmeric short term

trend is bearish and may
continue in coming days.

NOV

6200

6224

5755

SUPPORT

SUPP. 1

SUPP. 2

5655

5470

5839

PIVOT

INTRADAY
LEVELS

5939
RESISTAN
CE

RES. 1

RES. 2

6124

6408

-3.61

25025

Guargum Short term

trend is bearish and
may continue in coming
days.

Weekly Recommendations

BUY CORIANDER NOV ABOVE 7500 TARGET 7550 7610 SL BELOW 7470
SELL CORIANDER NOV BELOW 7535 TARGET 7485 7425 SL ABOVE 7565

BUY GUARGUM5 NOV ABOVE 6000 TARGET 6050 6160 SL BELOW 6526
SELL GUARGUM5 NOV BELOW 5820 TARGET 5770 5710 SL ABOVE 5870

Commodities In News
ECONOMIC NEWS
Turmeric futures rise on spot demandNov 11,2016
11:29 Hrs
ISTTurmeric futures trade positive on NCDEX as traders enlarged their
holdings tracking the surge in the demand for the commodity. However,
gains remained capped on expectations of increasing production in coming
harvesting season and lowering export demand in recent months. The
contract for November delivery was trading at Rs 7340, up by 1.02% or Rs
74 from its previous closing of Rs 7266. The open interest of the contract
stood at 3465 lots.
Soyabean futures traded higher on NCDEX as the traders enlarged their
holdings in the commodity on account of the good demand in the spot
market against restricted arrivals from producing belts. However,
expectations of higher production in the major producing area capped the
gains. In its revised crop projection for kharif 2016, the Soyabean
Processors Association of India (SOPA) has put Indias soyabean crop at
114.9 lakh tonnes (LT) - about 5% higher than the initial crop estimate of
108.8 LT.
Jeera futures continued to show a bearish trend on NCDEX as
speculators offloaded their positions on weak demand. Further, favorable
climatic conditions on the back of good rains in Gujarat this year and
expectations of higher sowing this year may keep prices under downside
pressure. The contract for November delivery was trading at Rs 16975,
down by 1.99% or Rs 345 from its previous closing of Rs 17320. The open
interest of the contract stood at 1725 lots. The contract for December
delivery was trading at Rs 17240, down by 1.57% or Rs 275 from its
previous closing of Rs 17515.
Coriander futures were trading lower on NCDEX as speculators trimmed
positions, tracking a weak trend at spot market on sluggish demand. Further,
expectations of good arrivals from producing regions on back of good
rainfall this season also put pressure on the commodity prices. The contract
for November delivery was trading at Rs 7521, down by 0.66% or Rs 50.00
from its previous closing of Rs 7571.00.

The country has ample stock of sugar and its price will remain under
check, Food Minister Ram Vilas Paswan said on Thursday. In a statement
issued by the ministry after a review meeting, Paswan said the country has
started with a carryover stock of 7.71 million tonnes of sugar in the current
sugar season 2016-17. "The production of sugar has been estimated at
about 22.52 million tonnes in the current sugar season. While domestic
consumption is estimated at about 25.5 million tonnes, the stock position
at the close of the current season (September 2017) is likely to be 4.73
million tonnes, which will be carried forward for the next sugar season
2017-18," Paswan said. "Thus, the total availability of sugar in the country
would be sufficient to meet domestic consumption (demand).Sugar
production in the next season (2017-18) is not only expected to be good
but also likely to start early and, therefore, there will be no shortage of
domestically produced sugar in India, the minister said. "By November
2017, another 2 million tonnes would be available from early crushing.

As per the Coffee Board of India, provisional Indian green coffee

exports to 1st January 2016 to 8th November 2016 is registered higher by
16.67% at 249447 metric tons compared to 213791 metric tons in the
corresponding period of previous year. India re-exports maximum
Instant of coffee. Instant Coffee exports from 1st January 2016 to 8th
November 2016 this year, recorded down by 14.18% at 21540 metric tons
from preceding year volume of 25100 metric tons. Total provisional
exports of Arabica parchment, Arabica Cherry and Robusta Cherry is
placed higher by 25.37 at 36982, 9.78% to 10344 metric tonnes and
30.58% at 154253 metric tons respectively from 1st January to 8th
November against exports volume of 29496 metric ton, 9422 metric
tonnes and 118127 metric tons respectively in the corresponding period of
last year. However, Robusta parchment is registered lower for 26079
metric tonnes with a decline of 16.79%. As of now, coffee beans colors
are in greenish red. Future contracts are being taken at USD110 over for
RC ABgrades by exporters and traders. Allanasons, LD, OLAM,
RUCHI,SOYA are the major buyers for Indian coffee beans.

NEWS RECAP
COMMODITY HEADLINES

Notes Ban: Farmers suffer, commodity prices weaken

Government pegs 2016-17 sugar output at 22.52 MT; down 10.27 per cent

Sufficient stock to keep sugar price under check, says Ram Vilas Paswan

West Bengal government comes up with new type of rice, 'Muktoshri'

India Ships 16.67% Higher Coffee Beans So Far Of This Year

Lower Pepper Prices in Vietnam Put Cap on International Prices

Rabi Acreage Up 16%, Sharp Increase In Wheat And Oilseeds

Coffee and cardamom growers voice concern at the withdrawal limit from the banks

Belgian conference pears now available at IG International

Turning agricultural residue into ethanol may reduce smog in Delhi, says Praj Industries

Tea planters in Assam excited over Baba Ramdevs research on green tea

Spot quotes
Commodity Name

Location

Barley

Jaipur

Price
1755

Commodity Name

Location

Ref Soya Oil

Nagpur

Price

670
Chana

Bikaner

Chana

Delhi

7900

Ref Soya Oil

8111

Soy Bean

Mumbai
670
Indore
3015

Chana

Indore

Coriander

Kota

7398.55

Cotton

Kadi

18154.55

Guar Gum 5MT

Jodhpur

5893.8

7923.35
Soy Bean

Nagpur
2878.5

Soy Bean

Kota
2925

Soymeal

Indore
23950

GUAR SEED 2 MT

Jodhpur

3165

Sugar M Grade

Kolhapur
3564.5

Guarseed

Bikaner

3250

Sugar M Grade

Kanpur
3865

Jeera

Unjha
18218

Mustard seed

Jaipur

Sugar M Grade

Muzaffar Nagar
3773.45

Sugar M Grade

Delhi

4725
Mustard seed

Alwar

3695
Sugar M Grade

Kolkatta

4668.75
Ref Soya Oil

Indore

679.65

3875
Turmeric

Nizamabad

6000

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