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1. DAILY AGRI COMMODITY REPORT
01 MAY 2017
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2. Market Views
2
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
TURMERIC
APR 6080 6130 6050 6058 -0.43 6490
INTRADAY
LEVELS
SUPPORT SUPP. 1
6029
SUPP. 2
5999
PIVOT
6079
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6109
RES. 2
6159
CORIANDER
APR 6626 6671 6541 6597 -0.98 15830
INTRADAY
LEVELS
SUPPORT SUPP.1
6535
SUPP. 2
6473
PIVOT
6603
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6665
RES. 2
6733
GUARGUM 5MT
APR 8329 8390 8278 8350 0.24 17550
INTRADAY
LEVELS
SUPPORT SUPP. 1
8289
SUPP. 2
8227
PIVOT
8339
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
8401
RES. 2
8451
CASTORSEED
FEB - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTA
NCE
RES. 1
-
RES. 2
-

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
Castorseed 4675 4772 -2.03
Chana - - -
Coriander 6597 6662 -0.98
Guargum5MT 8350 8330 0.24
Jeera 19490 19110 1.99
Musterseed 3755 3733 0.59
Soybean 2929 2940 -0.37
Turmeric 6058 6084 -0.43
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
JEERA 19-05-2017 19490.00 340.00 1.78%
REF SOYA OIL 19-05-2017 611.65 5.60 0.92%
RAPESEED-MUSTARD
SEED
19-05-2017 3755.00 23.00 0.62%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
MAIZE -
FEED/INDUSTRIAL
GRADE
19-05-2017 1466.00 -17.00 -1.15%
CORIANDER 19-05-2017 6597.00 -41.00 -0.62%
SOY BEAN 19-05-2017 2929.00 -11.00 -0.37%
TURMERIC 19-05-2017 6058.00 -22.00 -0.36%

4. Commodities In News
4
ECONOMIC NEWS
➢ Haryana chief minister, Manohar Lal said that farmers insured under the
Pradhan Mantri Fasal Bima Yojana were provided compensation for not
only crop loss due to natural calamity, but also for low yield. The chief
minister said that it was for the first time that the farmers were also getting
compensation for low yield. He also gave away cheques amounting to Rs
61,30,584 as compensation to 27 farmers of different districts of the State
for Kharif-2016 under the Pradhan Mantri Fasal Bima Yojana here today.
Also present at the occasion, agriculture and farmers' welfare minister, Om
Parkash Dhankar said that an amount of Rs 219.70 crore was to be
disbursed as compensation in about 2,500 villages of the State. He said that
this compensation is in addition to the Rs 9.86 crore already disbursed
among 3,593 farmers on the basis of local calamity. This compensation has
been fixed through crop-cutting experiments of claim crops by considering
the average yield as base.
➢ The prospects of El Niño have receded in the past two weeks, according
to Indian and foreign weather scientists, easing concerns that the Pacific
Ocean phenomenon will disrupt the June-September monsoon, which
sustains most of India’s agriculture. Some forecasting models indicate that
El Niño will not develop at all while others say it will be weak. “The
probability of El Niño occurrence is decreasing from month to month.
There is uncertainty about its impact on the Indian monsoon, with positive
IOD also developing over the Indian Ocean,” said KJ Ramesh, director-
general, India Meteorological Department. IOD or Indian Ocean Dipole
relates to temperature changes in the Indian Ocean. The widely respected
Australian weather office, which closely tracks the phenomenon, said some
climate models have lowered the likelihood of El Niño occurring over the
past month. “Five of eight models indicate that sea surface temperatures
will exceed El Niño thresholds during the second half of 2017; a reduction
of two models (in two weeks),” it said in its latest assessment on
Wednesday.
➢ Turmeric futures edged higher on NCDEX as the turmeric arrivals in
the country is declining in first 25 days in April to 83,845 tons
compared to 1,33,823 tons during the same period in March. Further,
rising exports demand too fuelled the uptrend. On the export front,
country exported about 89,704 tons during April-January period, up by
28.3% compared to last year exports of 69,870 tons. The contract for
May delivery was trading at Rs 6126.00, up by 0.69% or Rs 42.00 from
its previous closing of Rs 6084.00. The open interest of the contract
stood at 18190 lots.
➢ Soybean futures traded marginally lower on NCDEX as speculators
trimmed their positions due to increasing arrivals in the domestic spot
markets. Further, lack of demand from export and domestic market
along with bumper output this year kept bean prices under pressure.
Prices were also under pressure tracking global cues amid higher output
from the United States and Brazil, the world's top bean grower.
Moreover, subdued demand for soymeal from poulty industry on
subdued demand for Broilers, too weighing on soyabean prices. The
contract for May delivery was trading at Rs 2933.00, down by 0.24%
or Rs 7.00 from its previous closing of Rs 2940.00. The open interest
of the contract stood at 99940 lots.
➢ Coriander futures edged lower on NCDEX as speculators cut down
their bets on the back of easing demand in the spot market. Further,
higher supplies from major producing belts also weighed on coriander
futures. The contract for May delivery was trading at Rs 6642.00, down
by 0.3% or Rs 20.00 from its previous closing of Rs 6662.00. The open
interest of the contract stood at 35310 lots. The contract for June
delivery was trading at Rs 6770.00, down by 0.21% or Rs 14.00 from
its previous closing of Rs 6784.00.

5. Technical Outlook
5
SELL CORIANDER APRBELOW 6540 TARGET 6510 6470 6420
SL BELOW 6590
SELL TURMERIC MAYBELOW 6050 TARGET 6020 5980 5930
SL ABOVE 6100
SELLGUARGUM5 MAYBELOW 8270 TARGET 8240 8200 8150
SL ABOVE 8320

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Lovelesh
Sharma
Digitally signed by Lovelesh Sharma
DN: cn=Lovelesh Sharma c=IN
o=Personal
Reason: I am the author of this
document
Location:
Date: 2017-04-29 14:38+05:30