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1. DAILY AGRI COMMODITY REPORT
03 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 6010 6012 5816 5816 -3.99 7530
INTRADAY
LEVELS
SUPPORT SUPP. 1
5751
SUPP. 2
5685
PIVOT
5881
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
5947
RES. 2
6077
CORIANDER
APR 6605 6635 6309 6309 -3.93 11960
INTRADAY
LEVELS
SUPPORT SUPP.1
6200
SUPP. 2
6092
PIVOT
6418
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6526
RES. 2
6744
GUARGUM 5MT
APR 8340 8357 8067 8091 -317 14690
INTRADAY
LEVELS
SUPPORT SUPP. 1
7986
SUPP. 2
7882
PIVOT
8172
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
8276
RES. 2
8462
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 4578 4689 -2.37
Chana - - -
Coriander 6309 6567 -3.93
Guargum5MT 8091 8356 -3.17
Jeera 18865 19490 -3.21
Musterseed 3734 3759 -0.67
Soybean 2881 2934 -1.81
Turmeric 5816 6058 -3.99
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
REF SOYA OIL 19-05-2017 610.80 4.75 0.78%
SUGAR M GRADE 19-05-2017 3660.00 6.00 0.16%
RAPESEED-MUSTARD
SEED
19-05-2017 3734.00 2.00 0.05%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 19-05-2017 6309.00 -329.00 -4.96%
TURMERIC 19-05-2017 5816.00 -264.00 -4.34%
MAIZE -
FEED/INDUSTRIAL
GRADE
19-05-2017 1430.00 -53.00 -3.57%
GUAR SEED 10 MT 19-05-2017 3745.00 -114.00 -2.95%

4. Commodities In News
4
ECONOMIC NEWS
➢ Everyone else may love a good drought, but not the victims who stare at
a dim future. As serious drought looms large over South India, farmers live
in distress and despair fearing a steep drop in acre age and yields. There
may have been a few temporary measures by governments to compensate
the dam ages, but that may be too little too late. ET's team of reporters
walked the country roads to gauge the mood among farmers. Here's a first
of our series on one of the biggest agrarian crises facing the South Farmers
living through the unbearable drought in Tamil Nadu believe their stories
need to be told, with some approving of the dramatic protests by a small
bunch in New Delhi and others feeling let down by them. A strike called
by the opposition DMK recently is seen as necessary in applying pressure
on the government to meet the demands of farmers. Since the harvest of
2015, farmers in the rain-fed areas of the state have been affected by
deficient rainfall by both northeast as well as southwest monsoon. In the
latest budget speech, finance minister D Jayakumar said Tamil Nadu was
to be among those with huge tracts of agrarian land dependent on rain
about 57%.
➢ 'Lakhpati tribal kisans' have started emerging in Jharkhand, Gujarat,
Odisha and Maharashtra in the last two years, thanks to the farm initiatives
of Tata Trusts in 450 villages. The boost in farm income has been possible
with the Trusts educating and training tribal households in small groups on
maximising resources for getting higher agri-output and producing
demand-driven produce to get remunerative prices. These initiatives are
being undertaken for the last two years in Jharkhand, Odisha, Gujarat and
Maharashtra under its five-year mission programme -- 'Lakhpati Kisan -
smart villages' that began in 2015. "As of now, we are working in 450
villages in four states. We have impacted 1,00,000 households, out of
which 15-20 per cent are lakhpati kisans," said Ganesh Neelam, executive
director of the Collectives for Integrated Livelihood Initiative (CInI), an
associate organisation of the Trusts. The annual income of these
households was less than Rs 50,000 earlier and there has been a good
improvement in their income and "the concern now is to sustain the income
level", he told PTI.
➢ Jeera futures traded lower on NCDEX as speculators engaged in
trimming their positions to book profits at prevailing levels amid lower
domestic and exports demand at the spot market. Furthermore, huge
stocks at the spot markets following higher supplies from the major
growing regions in Gujarat and Rajasthan too fuelled the downtrend.
The contract for May delivery was trading at Rs 19295, down by
1.00% or Rs 195.00 from its previous closing of Rs 19490. The open
interest of the contract stood at 9681 lots. The contract for June
delivery was trading at Rs 19500, down by 0.79% or Rs 155.00 from
its previous closing of Rs 19655. The open interest of the contract
stood at 11625 lots on NCDEX.
➢ Turmeric futures edged down on NCDEX as participants reduced
exposure amid sufficient stocks at the spot markets following pick-up
in arrivals from producing belts. The contract for May delivery was
trading at Rs 5822.00, down by 3.90% or Rs 236.00 from its previous
closing of Rs 6058.00. The open interest of the contract stood at 16595
lots. The contract for June delivery was trading at Rs 5904.00, down by
3.72% or Rs 228.00 from its previous closing of Rs 6132.00. The open
interest of the contract stood at 7310 lots on NCDEX.
➢ Coriander futures declined on NCDEX as participants cut down their
bets, amid sluggish demand in the spot market. Besides, rising arrivals
from major growing regions also influenced coriander futures. The
contract for May delivery was trading at Rs 6485.00, down by 1.25%
or Rs 82.00 from its previous closing of Rs 6567.00.The open interest
of the contract stood at 29720 lots. The contract for June delivery was
trading at Rs 6609.00, down by 1.23% or Rs 82.00 from its previous
closing of Rs 6691.00. The open interest of the contract stood at 45420
lots on NCDEX.

5. Technical Outlook
5
SELL CORIANDER APRBELOW 6300 TARGET 6270 6230 6180
SL BELOW 6350
SELL TURMERIC MAYBELOW 5810 TARGET 5780 5740 5690
SL ABOVE 5860
SELLGUARGUM5 MAYBELOW 8060 TARGET 8020 7980 7930
SL ABOVE 8110

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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: 2017-05-02
19:58+05:30