DAILY AGRI COMMODITY REPORT

01 February 2017

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Market Views

2

MONT

HOPEN HIGH LOW

CLOS

E % CHG VOL

MONT

HOPEN HIGH LOW

CLOS

E % CHG VOL

TURMERIC

APR 6680 6770 6638 6768 2.14 2405

INTRADA

Y LEVELS

SUPPORT SUPP.1

6681

SUPP. 2

6593

PIVOT

6725

Turmeric short term

trend is bearish and May

continue in coming days.RESISTA

NCE

RES. 1

6813

RES. 2

6857

CORIANDER

APR 7500 7562 7470 7480 -0.25 2150

INTRADAY

LEVELS

SUPPORT SUPP.1

7446

SUPP. 2

7412

PIVOT

7504

Coriander short term

trend is bearish and May

continue in coming days.RESISTA

NCE

RES. 1

7538

RES. 2

7596

GUARGUM 5MT

FEB 6221 6272 6216 6268 0.58 8215

INTRADAY

LEVELS

SUPPORT SUPP. 1

6232

SUPP. 2

6196

PIVOT

6252

Guargum short term

trend is bearish and May

continue in coming days.RESISTA

NCE

RES. 1

6288

RES. 2

6308

CASTORSEED

FEB 3980 3993 3980 3980 0.10 11

INTRADAY

LEVELS

SUPPORT SUPP. 1

3976

SUPP. 2

3976

PIVOT

3984

Castorseed short term

trend is bearish and May

continue in coming days.RESISTA

NCE

RES. 1

3989

RES. 2

3997

Most Active Contract

3

NCDEX INDICES

Index ValuePre.

Close

%

Change

Castorseed 3987 3974 0.33

Chana - - -

Coriander 7480 7499 -0.25

Guargum5MT 6268 6263 0.58

Jeera 17895 17630 1.50

Mustard seed 3839 3820 0.50

Soybean 3033 3031 0.07

Turmeric 6768 6626 2.14

TOP GAINERS

Symbol Expiry Date Current Price Change Change %

JEERA 20-03-2017 17870.00 270.00 1.53%

TURMERIC 20-04-2017 6730.00 78.00 1.17%

SOYAMEAL-DOMESTIC 20-03-2017 24000.00 210.00 0.88%

REF SOYA OIL 20-02-2017 696.70 4.70 0.68%

TOP LOSERS

Symbol Expiry Date Current Price Change Change %

SUGAR M GRADE 20-03-2017 3804.00 -28.00 -0.73%

COTTON SEED OIL CAKE

AKOLA20-02-2017 2235.00 -14.00 -0.62%

SOY BEAN 20-02-2017 3020.00 -11.00 -0.36%

Commodities In News

4

ECONOMIC NEWS

President Pranab Mukherjee on Tuesday said the "favourable monsoon"

supplemented by "farmer-oriented schemes" of the government has

resulted in increased crop yields. "A favourable monsoon supplemented by

farmer-oriented schemes has increased the acreage and yield of most

Kharif crops," Mukherjee said while addressing the joint session of the two

houses of parliament here. "The sown area in the current Rabi season has

shown six per cent increase in comparison to last year," Mukherjee

said. The President also said: "My Government has taken various steps to

transform the lives of our farmers.“ "Pradhan Mantri Fasal Bima Yojana

expanded ambit of risk-coverage, doubled sum insured and facilitated

lowest-ever premium," he said.

India’s agricultural growth will accelerate to 4.1% in the current fiscal

from a sluggish 1.2% in drought-hit 2015-16, the Economic Survey said.

“Higher growth in agriculture sector is not surprising as the monsoon rains

were much better in the current year than the previous two years,” the

survey said. Monsoon was 12% in deficit in 2014-15 and 14% below

normal last year. Agriculture contributes about 14% to India’s economic

output, despite nearly half of the country’s population being involved in

farm-related activities. A poor monsoon has a ripple effect on the rural

economy and demand for consumer goods. Ramesh Chand, a member of

the government's premier think-tank Niti Aayog, had earlier this month

said that agricultural growth will touch 6% in 2016-17 with a10% growth

in kharif production as per first estimates at 135 million tonnes and

increase in rabi area by 6%. Agriculture minister Radha Mohan Singh had

also said agricultural growth will rebound this year. Healthy growth in

agriculture is also good news for the fast moving consumer goods segment,

which gets about a third of its sales from rural areas. The total area

coverage under rabi crops as on January 27 was 637.34 lakh hectares,

which is 6% higher than that in the corresponding week of last year.

Soybean futures extended weakness on NCDEX due to ample

supplies in the market as production during kharif is higher by more

than 57% this season compared to last year. Soyabean prices fell

further by tracking lower prices in international markets, pressured by

improving weather forecasts that have bolstered crop prospects in

Brazil, Argentina and Paraguay. The contract for February delivery was

trading at Rs 3021.00, down by 0.33% or Rs 10.00 from its previous

closing of Rs 3031.00. The open interest of the contract stood at

134840 lots. The contract for March delivery was trading at Rs

3078.00, down by 0.26% or Rs 8.00 from its previous closing of Rs

3086.00. The open interest of the contract stood at 94900 lots on

NCDEX.

Coriander futures showed mixed trend on NCDEX as April contracts

edged higher due to rising demand in the spot market, while May

contract edged lower on rising arrivals from major growing regions.

The contract for April delivery was trading at Rs 7535.00, up by 0.48%

or Rs 36.00 from its previous closing of Rs 7499.00. The open interest

of the contract stood at 14530 lots. The contract for May delivery was

trading at Rs 7540.00, down by 0.45% or Rs 34.00 from its previous

closing of Rs 7574.00. The open interest of the contract stood at 850

lots on NCDEX.

Turmeric futures traded higher on NCDEX on anticipation of good

demand from the stockists and traders at the spot market. Though,

some gains were capped on expectation of better supplies of new

turmeric crops from the producing belts. The contract for April delivery

was trading at Rs 6710, up by 1.27% or Rs 84 from its previous closing

of Rs 6626. The open interest of the contract stood at 13815 lots. The

contract for May delivery was trading at Rs 6640, up by 0.15% or Rs

10 from its previous closing of Rs 6630. The open interest of the

contract stood at 1755 lots on NCDEX.

Technical Outlook

5

BUY CORIANDER APRABOVE 7520 TARGET 7535 7595 7665 SL

BELOW 7490

BUY TURMERIC 20APR ABOVE 6770 TARGET 6800 6840 6890

SL BELOW 6722

BUY GUARGUM5 FEBABOVE 6283 TARGET 6313 6373 6423

SL BELOW 6233SELL CASTORSEED FEB BELOW 3970 TARGET 3955 3925 SL

ABOVE 4000

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