DAILY AGRI COMMODITY REPORT
29 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 7437 7480 7437 7470 0.58 7540 FEB - - - - - -

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

7445 7419 - -

PIVOT Coriander short term PIVOT

INTRADAY INTRADAY
trend is bearish and may -
LEVELS LEVELS -
7462
continue in coming days.
RES. 1 RES. 2 RESISTA RES. 1 RES. 2
RESISTAN
CE NCE - -
7488 7505

TURMERIC GUARGUM 5MT

APR 6382 6420 6262 6330 -0.85 4295 APR 7699 7980 7685 7970 3.86 25705

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

6255 6179 7777 7583

PIVOT Turmeric short term trend PIVOT Guargum Short term

INTRADAY INTRADAY
is bearish and may trend is bearish and may
LEVELS LEVELS 7878
6337
continue in coming days. continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2
CE 6413 6495 CE 8072 8173

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Most Active Contract
NCDEX INDICES
TOP GAINERS

Symbol Expiry Date Current Price Change Change % Pre. %

Index Value
Close Change

JEERA 20-04-2017 18345.00 515.00 2.89%

Castorseed 4645 4790 -3.03

GUAR SEED 10 MT 20-04-2017 3868.00 96.00 2.55%

Chana - - -

COTTON SEED OIL CAKE

20-04-2017 2176.00 31.00 1.45% Coriander 7425 7407 0.24
AKOLA

WHEAT 20-04-2017 1667.00 14.00 0.85%

Guargum5MT 7660 7969 -3.88

RAPESEED-MUSTARD
20-04-2017 3944.00 29.00 0.74%
SEED Jeera 17830 17935 -0.59

TOP LOSERS
Musterseed 3915 3955 -1.01
Symbol Expiry Date Current Price Change Change %

SOYAMEAL-DOMESTIC 20-04-2017 23270.00 -710.00 -2.96% Soybean 2877 2892 -0.52

TURMERIC 20-04-2017 6338.00 -24.00 -0.38% Turmeric 6362 6352 0.16

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Commodities In News
Coriander futures traded higher on NCDEX as speculators enlarged
their holdings, driven by improved demand in the spot market. Further,
tight stock positions due to limited arrivals from major producing belts
also added support to coriander prices uptrend. The contract for April
delivery was trading at Rs 7442.00, up by 0.2% or Rs 15.00 from its
previous closing of Rs 7427.00. The open interest of the contract stood
at 29670 lots. The contract for May delivery was trading at Rs 7560.00,
up by 0.21% or Rs 16.00 from its previous closing of Rs 7544.00. The
open interest of the contract stood at 23780 lots on NCDEX.
Soyabean futures traded marginally higher on NCDEX as
speculators enlarged their positions tracking firming trend overseas as
investors looked for bargains, but plentiful global supply kept a ceiling
on gains. Large South American production this season has stoked
expectations of ample global supply, while US farmers are expected to
sow larger amounts of the oilseed next season. The contract for April
delivery was trading at Rs 2884.00, up by 0.28% or Rs 8.00 from its
previous closing of Rs 2876.00. The open interest of the contract stood
at 170280 lots. The contract for May delivery was trading at Rs
2977.00, up by 0.37% or Rs 11.00 from its previous closing of Rs
2966.00. The open interest of the contract stood at 78460 lots on
NCDEX.
Turmeric futures ruled flat for the near month contracts, while May
contracts traded higher on account of fall in arrivals from the producing
belts. Report showed that the turmeric arrivals in the country slow
down last week (20-25 March) to 21,220 tons compared to 621,061
tons during previous week. The contract for April delivery was trading
flat at Rs 6384. The open interest of the contract stood at 10475 lots.
The contract for May delivery was trading at Rs 6490, up by 0.22% or
Rs 14.00 from its previous closing of Rs 6476. The open interest of the
contract stood at 7940 lots on NCDEX.
ECONOMIC NEWS
Good weather and increase in minimum support prices (MSP), which
attracted farmers to plant higher mustard, resulted into record crop of over
71.09 lakh tonnes, says industry body Solvent Extractors Association. SEA
Rapeseed-Mustard Conclave 2017 held at Jaipur on 25th March 2017
launched Mustard Mission 2020 aiming to raise the production of Rape-
Mustard seed to 10 Million Tonnes by 2020. Industry pledged to put all
round efforts to support Mustard farmers, through promoting better
agronomic practices and improving the quality of seeds. The Association
also supports technological interventions, including introduction of GM
Mustard Crop to enhance the competiveness of Mustard cultivation. SEA
would also try to persuade the farmers in Punjab and Haryana to partly
switch over from wheat to mustard crop to achieve the objective of the
mission. All these efforts would help to reduce our dependence on
imported vegetable oil and contribute in a small way in improving the
Edible Oil Security of our Nation.
Sugar mills owed Rs 12,270 crore to cane farmers at the end of last
month, the government said today. It also said that sugar output estimates
may be revised downward for the 2016-17 marketing year from an earlier
forecast of 225.21 lakh tonnes but there is sufficient stock in the country to
meet domestic demand. "As on February 28, 2017, an amount of Rs
12,269.78 crore are outstanding against the sugar mills as sugarcane dues
of farmers for the sugar season 2016-17, 2015-16, 2014-15 and earlier
sugar seasons," Minister of State for Food C R Chaudhary said in a written
reply to the Lok Sabha. Sugar season or marketing year runs from October
to September. The Sugarcane (Control) Order, 1966 stipulates payment of
cane price withing 14 days of supply, failing which the mills have to pay
15 per cent interest on the amount due for the delayed period beyond 14
days, he said. Chaudhary said the powers to enforce this provision are
delegated and vested with state governments and the Centre keep advising
them to take strict action against defaulting mills. In reply to a separate
query, the minister said there is no crisis of sugar in the country.
4
Technical Outlook

BUY CORIANDER APR ABOVE 7490 TARGET 7520 7560 7610 SELL TURMERIC 20APR BELOW 6310 TARGET 6280 6240 6190
SL BELOW 7460 SL ABOVE 6440

BUY GUARGUM5 20 APR ABOVE 7990 TARGET 8020 8060

8110 SL ABOVE 7950

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Date: 2017-03-28 20:52+05:30