DAILY AGRI COMMODITY REPORT

23 January 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 6842 6950 6842 6944 1.34 2675

INTRADA

Y LEVELS

SUPPORT SUPP.1

6874

SUPP. 2

6804

PIVOT

6912

Turmeric short term

trend is bearish and May

continue in coming days.RESISTA

NCE

RES. 1

6982

RES. 2

7020

CORIANDER

JAM 7900 7988 7829 7863 -0.23 2570

INTRADAY

LEVELS

SUPPORT SUPP.1

7799

SUPP. 2

7734

PIVOT

7893

Coriander short term

trend is bearish and May

continue in coming days.RESISTA

NCE

RES. 1

7958

RES. 2

8052

GUARGUM 5MT

JAN 6380 6429 6369 6419 0.82 5

INTRADAY

LEVELS

SUPPORT SUPP. 1

6382

SUPP. 2

6346

PIVOT

6406

Guargum short term

trend is bearish and May

continue in coming days.RESISTA

NCE

RES. 1

6442

RES. 2

6466

CASTORSEED

FEB 4100 4114 4067 4086 -0.24 17

INTRADAY

LEVELS

SUPPORT SUPP. 1

4064

SUPP. 2

4042

PIVOT

4089

Castorseed short term

trend is bearish and May

continue in coming days.RESISTA

NCE

RES. 1

4111

RES. 2

4136

Most Active Contract

3

NCDEX INDICES

Index ValuePre.

Close

%

Change

Castorseed 4061 4098 -0.19

Chana - - -

Coriander 7831 7883 -0.66

Guargum5MT 6384 6284 -

Jeera 17945 17845 2.63

Mustard seed 3921 3935 -0.36

Soybean 3123 3070 -1.2

Turmeric 6948 6852 1.40

TOP GAINERS

Symbol Expiry Date Current Price Change Change %

JEERA 20-03-2017 17945.00 480.00 2.75%

TURMERIC 20-04-2017 6948.00 100.00 1.46%

COTTON SEED OIL CAKE

AKOLA20-02-2017 2249.00 24.00 1.08%

MAIZE -

FEED/INDUSTRIAL

GRADE

20-02-2017 1462.00 15.00 1.04%

TOP LOSERS

Symbol Expiry Date Current Price Change Change %

SOYAMEAL-DOMESTIC 20-03-2017 24520.00 -440.00 -1.76%

SOY BEAN 20-02-2017 3121.00 -37.00 -1.17%

REF SOYA OIL 20-02-2017 717.65 -7.55 -1.04%

Commodities In News

4

ECONOMIC NEWS

Farmers, who were said to be the worst affected due to the

demonetisation drive, are going cashless atleast in Indore agricultural

produce market committee (APMC) where farmers are now accepting other

payment modes like cheques and RTGS (real time gross settlement). This

was claimed by Atul Chaturvedi, president, The Solvent Extractors

Association of India (SEA), who said that it was a very healthy

development for the trade in general and has helped the industry to meet its

commitments for export of soymeal. "It is good to note that the Indore's

APMC has gone fully cashless and the arrival of soybean has significantly

increased. Further it is good to know that APMCs in Maharashtra state will

also have farmers on their committees, thus providing them opportunity for

a more equitable share in decision making.“ "In the long run this will help

in sustaining the interest of the farmers in agriculture and oilseed crops," he

said in a release issued by SEA on Thursday.

Indian state-owned and private dairies are introducing a range of cheese

products in `desi' flavours, including garlic, mint and spice, among others,

with the aim of tapping the indigenous tastes of cheese lovers across the

country to boost sales and profits. First movers among the Indian dairy

players such as Amul and Parag Milk Products have reported impressive

sales by launching `desi' flavoured cheese products in variants of cubes,

blocks, slices and spreads. Parag Milk Foods, India's largest cheese

producer, for instance, had rolled out cheese products in five flavours that

include chutney, piri piri, achari, schezwan and kaccha aam over the past

few months.Amul, Milky Mist Dairy Food and few others also launched

cheese products in pepper and garlic flavours. “Chutney cheese was a

success as the company got additional 20% sales in the slice category. This

led to the launch of four new flavours -kaccha aam, piri piri, schezwan and

achari -in a combo pack for people to experiment with,“ said Mahesh

Israni, Parag Milk's chief marketing officer. A senior official of Amul said

the cooperative too was developing new cheese flavours to drive retail

sales.

Soybean futures edged lower on NCDEX as a stronger dollar

weighed on the market. Though, concerns that production in Argentina

may be curtailed by unfavourable weather capped some losses. The

contract for January delivery was trading at Rs 3071.00, down by

1.70% or Rs 53.00 from its previous closing of Rs 3124.00. The open

interest of the contract stood at 8570 lots. The contract for February

delivery was trading at Rs 3129.00, down by 0.95% or Rs 30.00 from

its previous closing of Rs 3159.00.

Turmeric futures edged up on NCDEX, supported by surging

domestic as well as exports demand in the spot market. Though, some

gains were capped on reports of higher output and scattered

commencement of crop supplies in the producing centers. The contract

for April delivery was trading at Rs 6898, up by 0.67% or Rs 46 from

its previous closing of Rs 6852. The open interest of the contract stood

at 12995 lots. The contract for May delivery was trading at Rs 6894, up

by 0.41% or Rs 28 from its previous closing of Rs 6866.

Jeera futures edged up on NCDEX due to weak supplies position

amid good demand from exporters. Though, some gains were capped

on expectation of increase in Jeera area in Gujarat state mainly in

Saurashtra and Kutch zone current year. The contract for January

delivery was trading at Rs 18940, up by 0.45% or Rs 85.00 from its

previous closing of Rs 18855. The open interest of the contract stood at

237 lots. The contract for March delivery was trading at Rs 17635, up

by 0.86% or Rs 150.00 from its previous closing of Rs 17485.

Coriander futures traded higher on NCDEX as participants built up

fresh positions amid rising demand in the spot market. Further, tight

stock positions following limited arrivals from major producing belts

also fuelled the uptrend. The contract for January delivery was trading

at Rs 7385.00, up by 1.26% or Rs 92.00 from its previous closing of Rs

7293.00. The open interest of the contract stood at 550 lots.

Technical Outlook

5

BUY CORIANDER APRABOVE 7920 TARGET 7935 7995 8065 SL

BELOW 7890

BUY TURMERIC 20APR ABOVE 6960 TARGET 6990 7030 7080

SL BELOW 6912

BUY GUARGUM5 FEBABOVE 6500 TARGET 6530 6590 6640

SL BELOW 6450SELL CASTORSEED FEB BELOW 4100 TARGET 4085 4055 SL

BELOW 4130

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