DAILY AGRI COMMODITY REPORT

03 Janyary 2017

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1

Call us at +91-731-6642300

Market Views
MONT
H

OPEN

HIGH

CLOS
E

LOW

% CHG

VOL

MONT
H

OPEN

HIGH

7900

7975

7890

SUPPORT

SUPP.1

SUPP. 2

7873

7839

7907

PIVOT

INTRADAY
LEVELS

7924
RESISTA
NCE

RES. 1

RES. 2

7958

8009

-0.23

1760

Coriander short term
trend is bearish and May
continue in coming days.

-

-

-

-

SUPPORT

SUPP. 1

SUPP. 2

-

-

6788

6794

6750

SUPPORT

SUPP.1

SUPP. 2

6735

6720

RES. 1

RES. 2

6779

6809

-

-

-

RES. 1

RES. 2

-

-

GUARGUM

6750

6725
RESISTA
NCE

VOL

-

LEVELS

RESISTA
NCE

PIVOT

INTRADA
Y LEVELS

% CHG

PIVOT

INTRADAY

TURMERIC

APR

CLOS
E

CASTORSEED

CORIANDER

JAN

LOW

-0.18

815

Turmeric short term
trend is bearish and May
continue in coming days.

JAN

6285

6447

6285

SUPPORT

SUPP. 1

SUPP. 2

6312

6222

6420

PIVOT

INTRADAY
LEVELS

6384

RESISTA
NCE

RES. 1

RES. 2

6483

6546

2.44

8265

Guargum short term
trend is bearish and May
continue in coming days.

2

Most Active Contract
NCDEX INDICES
TOP GAINERS

Symbol

Expiry Date

Current Price

Change

Change %

COTTON SEED OIL CAKE
AKOLA

20-01-2017

2084.00

87.00

4.36%

JEERA

20-01-2017

GUAR SEED 10 MT

SUGAR M GRADE

20-01-2017

20-03-2017

18200.00

3319.00

3802.00

635.00

81.00

82.00

Index

Value

Pre.
Close

%
Change

Castorseed

-

-

-

Chana

-

-

-

Coriander

7269

7324

-0.75

Guargum5MT

6352

6201

2.44

Jeera

18200

17810

2.19

Mustard seed

4350

4348

0.05

Soybean

3068

3029

1.29

Turmeric

6750

6762

-0.18

3.62%

2.50%

2.20%

TOP LOSERS
Symbol

Expiry Date

Current Price

Change

Change %

CORIANDER

20-01-2017

7254.00

-127.00

-1.72%

WHEAT

MAIZE FEED/INDUSTRIAL
GRADE

20-01-2017

20-01-2017

1875.00

1420.00

-31.00

-18.00

-1.63%

-1.25%

3

Commodities In News
ECONOMIC NEWS
 Soyabean futures traded higher on NCDEX on account of good
crushing demand from the mills. However, higher production estimates
by Soybean Processors Association of India (SOPA) and expectations
of higher arrivals from the major producing belts, capped some gains.
The contract for January delivery was trading at Rs 3066.00, up by
1.22% or Rs 37.00 from its previous closing of Rs 3029.00. The open
interest of the contract stood at 114390 lots.
 Coriander futures traded higher on NCDEX as speculators built up
fresh positions amid pickup in demand in the spot market. Further,
restricted arrivals from major growing regions also added support to
coriander prices’ uptrend. The contract for January delivery was trading
at Rs 7330.00, up by 0.08% or Rs 6.00 from its previous closing of Rs
7324.00. The open interest of the contract stood at 9220 lots. The
contract for April delivery was trading at Rs 7962.00, up by 0.47% or
Rs 37.00 from its previous closing of Rs 7925.00.
 Turmeric futures showed mixed trend on NCDEX as the April
contracts traded higher on rising demand at the spot market, while May
contracts traded lower on account of expectations of increasing
production in coming harvesting season from the producing belts. The
contract for April delivery was trading at Rs 6772, up by 0.15% or Rs
10 from its previous closing of Rs 6762. The open interest of the
contract stood at 13155 lots. The contract for May delivery was trading
at Rs 6790, down by 0.09% or Rs 6 from its previous closing of Rs
6796.
Jeera futures edged higher on NCDEX on rising demand from the
stockists and traders at the spot market. Further, lack of supplies from
other producing countries such as Syria and Turkey too fuelled the
uptrend. The contract for January delivery was trading at Rs 18030, up
by 1.24% or Rs 220.00 from its previous closing of Rs 17810. The
open interest of the contract stood at 3957 lots. The contract for March
delivery was trading at Rs 16540, up by 1.01% or Rs 165.00 from its
previous closing of Rs 16375.

The acreage under winter crops has increased by 5% in the last one
week to cover 91% of arable land, data from the agriculture ministry
shows. Till Friday, rabi crop planting was completed on 582.87 lakh
hectares, up from 554.91lakh hectares at the end of the previous week. For
the year till December 30, acreage under rabi crops, including wheat,
pulses and oilseeds, was 7% more than a year ago when it was 545.46 lakh
hectares. Rabi planting is expected to continue till the month’s end. The
government has set a rabiseason crop planting target of 638.37 lakh
hectares. The area under pulses, oilseeds and wheat, too, is higher than the
previous year’s, while the area under coarse cereals and rice plantation is
less. According to the Central Water Commission, which monitors 91
major reservoirs in the country, the levels in key reservoirs are higher than
a year ago. The reservoirs collectively held 92.586 billion cubic metres of
water, 26% more than a year ago, suggesting better availability of water for
winter crops. The water level, however, was 2% less than the 10-year
average.

To curb steep fall in wholesale onion prices and protect farmers' interest,
the Centre has further extended export sops on onion by three months till
March 31 this year. Wholesale prices fell by up to 42 per cent to Rs 7.40
per kg at Lasalgoan (Maharasthra), Asia's biggest onion market, during last
month from an average Rs 12.80 per kg in the year-ago period on expected
good production. Maharashtra, the top onion producer, had demanded the
central government to extend export incentive of five per cent to exporters
under the Merchandise Exports from India Scheme (MEIS) for both fresh
and stored onions, beyond December 31. In the latest public notice,
Directorate General of Foreign Trade (DGFT) said it "hereby extends the
MEIS benefit at 5 per cent freight on board (FoB) for 'onions fresh or
chilled' by further three months till March 31, 2017.“ "Prices are under
pressure because of increased arrival of the fresh kharif crop. Looking at
the daily arrivals, it looks productivity is higher even though the acreage
was lower," a senior Agriculture Ministry official said.

4

Technical Outlook

SELL CORIANDER JAN BELOW 7220 TARGET 7175 7075 SL
ABOVE 7285

BUY GUARGUM5 JAN ABOVE 6374 TARGET 6424 6494 SL
BELOW 6304

BUY TURMERIC JAN ABOVE 6760 TARGET 6804 6864 SL
BELOW 6700

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