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DAILY AGRI COMMODITY REPORT

28 March 2017

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Market Views
MONT CLOS MONT CLOS
OPEN HIGH LOW % CHG VOL OPEN HIGH LOW % CHG VOL
H E H E

CORIANDER CASTORSEED

APR 7412 7456 7411 7425 0.24 8620 FEB - - - - - -

SUPPORT SUPP.1 SUPP. 2 SUPPORT SUPP. 1 SUPP. 2

7405 7386 - -

PIVOT Coriander short term PIVOT
INTRADAY INTRADAY
trend is bearish and may -
LEVELS LEVELS -
7431
continue in coming days.
RES. 1 RES. 2 RESISTA RES. 1 RES. 2
RESISTAN
CE NCE - -
7450 7476

TURMERIC GUARGUM 5MT

APR 6368 6450 6312 6362 0.16 2315 APR 7965 8034 7651 7660 -3.88 23970

SUPPORT SUPP. 1 SUPP. 2 SUPPORT SUPP. 1 SUPP. 2

6299 6237 7529 7399

PIVOT Turmeric short term trend PIVOT Guargum Short term
INTRADAY INTRADAY
is bearish and may trend is bearish and may
LEVELS LEVELS 7782
6375
continue in coming days. continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2
CE 6437 6513 CE 7912 8165

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Most Active Contract
NCDEX INDICES
TOP GAINERS

Symbol Expiry Date Current Price Change Change % Pre. %
Index Value
Close Change

CORIANDER 20-04-2017 7425.00 95.00 1.30%
Castorseed 4645 4790 -3.03

TURMERIC 20-04-2017 6362.00 58.00 0.92%
Chana - - -

JEERA 20-04-2017 17830.00 90.00 0.51% Coriander 7425 7407 0.24

TOP LOSERS
Symbol Expiry Date Current Price Change Change % Guargum5MT 7660 7969 -3.88

GUAR SEED 10 MT 20-04-2017 3772.00 -91.00 -2.36% Jeera 17830 17935 -0.59

REF SOYA OIL 20-04-2017 634.70 -15.00 -2.31% Musterseed 3915 3955 -1.01

V 797 KAPAS 28-04-2017 1050.00 -22.50 -2.10% Soybean 2877 2892 -0.52

RAPESEED-MUSTARD
20-04-2017 3915.00 -82.00 -2.05%
SEED Turmeric 6362 6352 0.16

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Commodities In News
ECONOMIC NEWS
➢ Coriander futures traded higher on NCDEX as participants enlarged
their holdings on the back of improved demand in the spot market. ➢ Indian dairy marvel Amul and online grocer Big Basket are among the
Further, limited arrivals from major growing regions also fuelled the companies that have got the federal approval to set up 101 integrated cold-
uptrend. The contract for April delivery was trading at Rs 7431.00, up chain projects, signaling big investments in a sector considered crucial to
by 0.32% or Rs 24.00 from its previous closing of Rs 7407.00. The reducing farm output losses in Asia’s third-biggest economy. These
open interest of the contract stood at 31080 lots. The contract for May projects, allocated by the Food Processing ministry, would help in the
delivery was trading at Rs 7550.00, up by 0.4% or Rs 30.00 from its storage of perishable produce such as fruits and vegetables, dairy, fish,
previous closing of Rs 7520.00. The open interest of the contract stood meat, marine, poultry, and the ready-to-eat products. The cold chains, to be
at 23120 lots on NCDEX. set up across the country, would streamline the agricultural supply chain,
and create huge employment opportunities for surplus farm hands. “These
➢ Soybean futures traded marginally lower on NCDEX as speculators 101 new integrated cold chain projects will leverage total investment of Rs
trimmed their positions due to higher supplies compared to last week. 3,100 crore for creation of modern infrastructure for the food processing
Reports showing that arrivals of soybean this week till Thursday are sector. The total expected grant-in-aid to be released to these projects is Rs
about 48,859 tonnes v/s 23,832 tonnes last week same time. 838 crore,” Harsimrat Kaur Badal, the Minister for Food Processing, told
Meanwhile, US soybeans too dropped to their lowest in four months, the media.
with ample global supply pushing the oilseed towards its third straight ➢ Good weather and increase in minimum support prices (MSP), which
weekly decline. However, good domestic as well as export demand at attracted farmers to plant higher mustard, resulted into record crop of over
spot markets capped some losses. The contract for April delivery was 71.09 lakh tonnes, says industry body Solvent Extractors Association. SEA
trading at Rs 2928.00, down by 0.85% or Rs 25.00 from its previous Rapeseed-Mustard Conclave 2017 held at Jaipur on 25th March 2017
closing of Rs 2953.00. The open interest of the contract stood at launched “Mustard Mission 2020” aiming to raise the production of Rape-
183560 lots. Mustard seed to 10 Million Tonnes by 2020. Industry pledged to put all
round efforts to support Mustard farmers, through promoting better
➢ Turmeric futures traded up on NCDEX on rising upcountry demand agronomic practices and improving the quality of seeds. The Association
at the spot market. On the export front, country exported about 82,115 also supports technological interventions, including introduction of GM
tons during April-December period, up by 28% compared to last year Mustard Crop to enhance the competiveness of Mustard cultivation. SEA
exports of 64,105 tons. However, higher arrivals from the producing would also try to persuade the farmers in Punjab and Haryana to partly
belts, capped some gains. The contract for April delivery was trading at switch over from wheat to mustard crop to achieve the objective of the
Rs 6382, up by 0.47% or Rs 30.00 from its previous closing of Rs mission. All these efforts would help to reduce our dependence on
6352. The open interest of the contract stood at 11050 lots. The imported vegetable oil and contribute in a small way in improving the
contract for May delivery was trading at Rs 6486, up by 0.68% or Rs Edible Oil Security of our Nation. "This year, breaking away from tradition
44.00 from its previous closing of Rs 6442. The open interest of the of putting out crop numbers through consensus among stakeholders, SEA
contract stood at 7690 lots on NCDEX. engaged A C Nielsen to do crop survey and report on crop numbers basis
their findings at field level.
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Technical Outlook

SELL CORIANDER APRBELOW 7400 TARGET 7370 7330 7280 SELL TURMERIC 20APR BELOW 6350 TARGET 6330 6290 6240
SL ABOVE 7450 SL ABOVE 6400

SELL GUARGUM5 20APRBELOW 7620 TARGET 7590 7540
7490 SL ABOVE 7670

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Reason: I am the author of this
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Date: 2017-03-27 20:15+05:30