DAILY AGRI COMMODITY REPORT

21 November 2016

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Market Views
MONT
H

OPEN

HIGH

CLOS
E

LOW

% CHG

VOL

MONT
H

OPEN

HIGH

7613

7660

7525

SUPPORT

SUPP.1

SUPP. 2

7570

7480

7660

PIVOT

INTRADAY
LEVELS

7615
RESISTA
NCE

RES. 1

RES. 2

7705

7750

-0.30

790

Coriander short term

trend is bearish and May
continue in coming days.

SUPPORT

SUPP. 1

SUPP. 2

7070

7098

7016

SUPPORT

SUPP.1

SUPP. 2

7029

6981

7076

7063
RESISTA
NCE

RES. 1

RES. 2

7111

7145

VOL

LEVELS

RESISTA
NCE

RES. 1

RES. 2

GUARGUM

PIVOT

INTRADA
Y LEVELS

% CHG

PIVOT

INTRADAY

TURMERIC

DEC

CLOS
E

CASTORSEED

CORIANDER

DEC

LOW

0.63

1145

Turmeric short term

trend is bearish and May
continue in coming days.

NOV

6064

6239

6045

SUPPORT

SUPP. 1

SUPP. 2

6040

5946

6135

PIVOT

INTRADAY
LEVELS

6140
RESISTA
NCE

RES. 1

RES. 2

6234

6334

2.05

1195

Guargum short term

trend is bearish and May
continue in coming days.

Most Active Contract

NCDEX INDICES

TOP GAINERS
Symbol

Expiry Date

Current Price

Change

Change %

Index

Value

Pre.
Close

%
Change

WHEAT

20-12-2016

2122.00

32.00

1.53%

Castorseed

RAPESEED-MUSTARD
SEED

20-12-2016

4631.00

55.00

1.20%

Chana

GUAR SEED 10 MT

20-12-2016

3271.00

20.00

0.62%

Coriander

7605

7753

-1.91

TURMERIC

20-12-2016

7076.00

40.00

0.57%

Guargum5MT

6135

6012

2.05

Jeera

17300

17590

-1.65

Mustard seed

4574

4475

2.21

TOP LOSERS
Symbol

Expiry Date

Current Price

Change

Change %

BARLEY

20-12-2016

1841.50

-18.50

-0.99%

SUGAR M GRADE

20-12-2016

3503.00

-12.00

-0.34%

Soybean

3055

3043

0.39

JEERA

20-12-2016

17345.00

-60.00

-0.34%

Turmeric

7600

7698

-1.27

Commodities In News
Waning physical demand coupled with hefty stocks in local mandies
have reduced coriander futures today. Traders have witnessed limited
coriander trade in major mandies in absence of cash transactions by
miller processors and other users. On the other side, the total carryover
stocks of around 48-49 lakh bags are currently available in local
mandies , which can easily cater any physical demand. On the other
side, poor offtake of exporters in the absence of any international
demand has also added pressurized coriander prices. The daily arrivals
have been almost NIL at Ramganj mandi. The NCDEX December
futures declined by 1.54 percent to close at Rs 7665 per quintal.
Turmeric futures exhibited mixed trend on NCDEX as the near term
contract traded low on weak trend at spot market amid lack of
availability of smaller denomination notes, while December contract
traded up on expectations of rise in demand. Liquidity crunch
continued to take a toll on the trades at the Agricultural Produce Market
Committees (APMCs) across the country as farmers, by and large,
refrained from bringing their crops to the markets. The contract for
November delivery was trading at Rs 7546, down by 1.97% or Rs 152
from its previous closing of Rs 7698. The open interest of the contract
stood at 70 lots. The contract for December delivery was trading at Rs
7034, up by 0.03% or Rs 2 from its previous closing of Rs 7032. The
open interest of the contract stood at 8290 lots on NCDEX.
Jeera future edged low as speculators reduced their positions, driven
by a weak trend at spot market amid lack of availability of smaller
denomination notes. Besides, expectation of higher output was also
adding pressure on Jeera prices. The Jeera crop is expected to be good
in 2016/17 due to higher prices realization by the farmers during last
year. Moreover, most parts of North-West India have received normal
to excess rainfall during the monsoon months will support good yield
and higher acreage. The contract for November delivery was trading at
Rs 17240, down by 1.99% or Rs 350 from its previous closing of Rs
17590. The open interest of the contract stood at 39 lots.

ECONOMIC NEWS
As per latest data, the water storage available in 91 major reservoirs of
the country for the week ending on November 17, 2016 was 107.449 BCM,
which is 68% of total storage capacity of these reservoirs. This was 127%
of the storage of corresponding period of last year and 98% of storage of
average of last ten years. The total storage capacity of these 91 reservoirs is
157.799 BCM which is about 62% of the total storage capacity of 253.388
BCM which is estimated to have been created in the country. 37 Reservoirs
out of these 91 have hydropower benefit with installed capacity of more
than 60 MW. The Central region includes States of Uttar Pradesh,
Uttarakhand, Madhya Pradesh and Chhattisgarh. There are 12 reservoirs
under CWC monitoring having total live storage capacity of 42.30 BCM.
The total live storage available in these reservoirs is 36.34 BCM which is
86% of total live storage capacity of these reservoirs. The storage during
corresponding period of last year was 67% and average storage of last ten
years during corresponding period was 64% of live storage capacity of
these reservoirs.
Agricultural loan outstanding as of September 30, 2016, stood at a
whopping Rs 12.6 lakh crore, the government today said while ruling out
any waiver as RBI is of the view that any such act will impact credit
recovery. In a written reply to the Rajya Sabha, Minister of State for
Agriculture Parshottam Rupala said: "The total agricultural loan
outstanding as on September 30, 2016, stood at Rs 12,60,26,450.46 lakh
(Rs 12.60 lakh crore)". The agricultural loan outstanding stood at Rs 1.45
lakh crore with regional rural banks, Rs 1.57 lakh crore at cooperative
banks and Rs 9.57 lakh crore at commercial banks, according to data. Out
of the total farm loan outstanding, crop loan was Rs 7.75 lakh crore and
term loan Rs 4.84 lakh crore. Asked whether the government will consider
repaying loans taken by farmers through Kisan Kalyan Kosh, Rupala said:
"There is no such proposal under consideration at the moment.""On the
issue of waiver of farmers' loan, the Reserve Bank of India is of the view
that such waivers negatively impact credit and recovery climate and has
severe systemic consequences," the minister said.

Technical Outlook

BUY CORIANDER DEC ABOVE 7670 TARGET 7720 7780 7850 SL

BELOW 7640

BUY GUARGUM5 DEC ABOVE 6250 TARGET 6300 6360 6410 SL

BELOW 6200

BUY TURMERIC DEC ABOVE 6860 TARGET 6915 6955 7005

SL BELOW 6812

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