DAILY AGRI COMMODITY REPORT

07 December 2016

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Market Views

2

MONT

HOPEN HIGH LOW

CLOS

E % CHG VOL

MONT

HOPEN HIGH LOW

CLOS

E % CHG VOL

TURMERIC

DEC 7248 7288 7202 7240 0.30 1495

INTRADA

Y LEVELS

SUPPORT SUPP.1

7199

SUPP. 2

7157

PIVOT

7243

Turmeric short term

trend is bearish and May

continue in coming days.RESISTA

NCE

RES. 1

7285

RES. 2

7329

CORIANDER

DEC 7850 7852 7656 7755 -1.45 2610

INTRADAY

LEVELS

SUPPORT SUPP.1

7657

SUPP. 2

7558

PIVOT

7754

Coriander short term

trend is bearish and May

continue in coming days.RESISTA

NCE

RES. 1

77853

RES. 2

7950

GUARGUM

DEC 6287 6297 6139 6220 -0.08 4145

INTRADAY

LEVELS

SUPPORT SUPP. 1

6140

SUPP. 2

6061

PIVOT

6219

Guargum short term

trend is bearish and May

continue in coming days.RESISTA

NCE

RES. 1

6298

RES. 2

6377

CASTORSEED

- - - - - - -

INTRADAY

LEVELS

SUPPORT SUPP. 1

-

SUPP. 2

-

PIVOT

--

RESISTA

NCE

RES. 1

-

RES. 2

-

Most Active Contract

3

NCDEX INDICES

Index ValuePre.

Close

%

Change

Castorseed - - -

Chana - - -

Coriander 7755 7869 -1.45

Guargum5MT 6220 6225 -0.08

Jeera 17975 18375 -2.18

Mustard seed 4738 4777 -0.82

Soybean 3055 3076 -0.68

Turmeric 7240 7218 0.30

TOP GAINERS

Symbol Expiry Date Current Price Change Change %

SUGAR M GRADE 20-12-2016 3438.00 27.00 0.79%

WHEAT 20-12-2016 2035.00 15.00 0.74%

REF SOYA OIL 20-12-2016 740.50 4.95 0.67%

TOP LOSERS

Symbol Expiry Date Current Price Change Change %

JEERA 20-12-2016 17975.00 -385.00 -2.10%

CORIANDER 20-12-2016 7755.00 -103.00 -1.31%

COTTON SEED OIL CAKE

AKOLA20-12-2016 1982.00 -19.00 -0.95%

RAPESEED-MUSTARD

SEED20-12-2016 4738.00 -30.00 -0.63%

Commodities In News

4

ECONOMIC NEWS

Dnyaneshwar Gavande, a farmer in Maharashtra’s Mhaisang village,

didn’t have cash but managed to plant gram on his eight-acre farmland on

time. All inputs adding up to Rs 35,000 were on credit. Villagers have even

managed to hire farm labour without paying any cash. They simply request

the village kirana store owner to give groceries on credit to the labourers on

their personal guarantee. “Chana (gram) seeds were very expensive, but my

cousin had some so I could borrow from him and plant those seeds,”

Gavande said. Villagers across the country have similar stories to narrate,

whether it is Punjab, West Bengal or Uttar Pradesh. They are betting on

trust and credit to ensure they don’t miss out on planting crops in time,

helping the country’s crop planting expand 35% in the week to November

25 and another 27% in the following seven days, according to data from

the agriculture ministry. Overall crop planting is 9% higher than last year.

India's wheat production could be impacted this year if temperature rises

in the crucial February-March as predicted by the Met Department, a top

ICAR official said today. He also said the Indian Council of Agricultural

Research (ICAR) is hastening research on developing new wheat varieties

to cope with high temperature due to climate change. But still, it will take a

couple of years to reach farmers. Wheat is a highly temperature-sensitive

crop. Recently, the India Meteorological Department (IMD) has forecast

warmer winter for this year. The sowing of wheat, the main rabi (winter)

crop, is still under way in the country. Wheat has been sown in 173.93 lakh

hectares till last week of the 2016 rabi season, much higher than 152.56

lakh hectares in the year-ago period. "If temperature rises, as predicted by

IMD, in crucial February and March, it will really impact wheat crop yields

and the overall production," ICAR Director General Trilochan Mohapatra

told. The studies have sown that one degree rise in temperature impacts 10

per cent wheat yields, he said. The average wheat yield in India is 3-4

tonnes per hectare while in Punjab, it is up to 6-7 tonnes per hectare.

Coriander futures traded lower on NCDEX as participants cut down

their bets, tracking easing demand in the domestic spot market.

Besides, ample stock positions following higher supplies from major

growing regions also influenced coriander futures. The contract for

December delivery was trading at Rs 7740.00, down by 1.64% or Rs

129.00 from its previous closing of Rs 7869.00. The open interest of

the contract stood at 4560.00 lots. The contract for January delivery

was trading at Rs 7910.00, down by 1.13% or Rs 90.00 from its

previous closing of Rs 8000.00. The open interest of the contract stood

at 5640.00 lots on NCDEX.

Soybean futures edged lower on NCDEX as traders trimmed their

positions on anticipation of increase in supplies in December.

However, good crushing demand from the mills capped some losses.

The contract for December delivery was trading at Rs 3050, down by

0.85% or Rs 26.00 from its previous closing of Rs 3076. The open

interest of the contract stood at 92090 lots. The contract for January

delivery was trading at Rs 3107, down by 0.99% or Rs 31.00 from its

previous close of Rs 3138. The open interest of the contract stood at

94370 lots on NCDEX.

Jeera futures traded lower on NCDEX on reports of higher sowing at

the producing belts of Gujarat. Gujarat farmers have planted jeera in 1,

41,100 hectares, up by 122.5% compared to last year acreage. Though,

some fresh export enquiries at the spot market, capped some losses.

The contract for December delivery was trading at Rs 18140, down by

1.28% or Rs 235.00 from its previous closing of Rs 18375. The open

interest of the contract stood at 4455 lots. The contract for January

delivery was trading at Rs 17605, down by 1.21% or Rs 215.00 from

its previous closing of Rs 17820. The open interest of the contract

stood at 3891 lots on NCDEX.

Technical Outlook

5

SELL CORIANDER JANBELOW 7850 TARGET 7800 7740 7670

SL ABOVE 7880

SELL GUARGUM5 DEC BELOW 6200 TARGET 6150 6090 6040

SL ABOVE 6250

BUY TURMERIC APR ABOVE 7050 TARGET 7105 7145 7195

SL BELOW 7002

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