The document provides a daily commodity report with information on market trends, levels and news for commodities like turmeric, coriander, guargum and others. It mentions that turmeric and coriander prices may continue their bearish trend in the coming days while guargum trend is also bearish. The report also provides most active contracts data, top gainers and losers, and technical trading recommendations. It concludes with various economic news and updates related to commodities like paddy MSP hike proposal, demand for tender coconut ice cream and soybean futures price movement.

1. DAILY AGRI COMMODITY REPORT
12 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
MAY 5520 5610 5520 5560 0.80 1670
INTRADAY
LEVELS
SUPPORT SUPP. 1
5516
SUPP. 2
5473
PIVOT
5563
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
5606
RES. 2
5653
CORIANDER
MAY 5705 5780 5584 5640 -1.14 7350
INTRADAY
LEVELS
SUPPORT SUPP.1
5556
SUPP. 2
5472
PIVOT
5668
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
5752
RES. 2
5864
GUARGUM 5MT
MAY 7782 7875 7750 7750 0.21 7734
INTRADAY
LEVELS
SUPPORT SUPP. 1
7708
SUPP. 2
7666
PIVOT
7791
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7833
RES. 2
7916
CASTORSEED
- - - - - - -
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 4505 4525 -0.44
Chana - - -
Coriander 4505 4525 -0.44
Guargum5MT 7750 7734 0.21
Jeera 18535 18190 1.90
Musterseed 3710 3677 0.90
Soybean 2840 2844 -0.14
Turmeric 5560 5516 0.80
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
SUGAR M GRADE 19-05-2017 3750.00 72.00 1.96%
BARLEY 19-05-2017 1480.00 27.00 1.86%
JEERA 19-05-2017 18535.00 285.00 1.56%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
MAIZE -
FEED/INDUSTRIAL
GRADE
19-05-2017 1368.00 -60.00 -4.20%
COTTON SEED OIL CAKE
AKOLA
19-05-2017 1848.00 -34.00 -1.81%
CORIANDER 19-05-2017 5640.00 -80.00 -1.40%
SOY BEAN 19-05-2017 2840.00 -7.00 -0.25%

4. Commodities In News
4
ECONOMIC NEWS
➢ The government is considering raising the minimum support price (MSP)
of paddy by Rs 80 per quintal to Rs 1,550 for the upcoming 2017-18 crop
year starting from July. The MSP of paddy was fixed at Rs 1,470 for the
common grade and Rs 1,510 for the 'A' grade variety for the 2016-17 crop
year that ends next month. According to sources, the agriculture ministry
has moved a Cabinet note for inter-ministerial consultation and the
proposal is likely to get the Cabinet nod soon. The ministry has proposed
Rs 80 per quintal increase in the paddy MSP for 2017-18 crop year. The
suggested MSP for the common grade is Rs 1,550 and that of the 'A' grade
Rs 1,590. The price increase proposed for paddy, however, is slightly
higher than the Rs 60 hike effected during the 2016- 17 crop year. The
proposed rates are in line with the recommendations of the expert body
Commission for Agricultural Costs and Prices (CACP).
➢ As consumers try innovative ice creams, tender coconut is getting a
nearly 20% slice of the natural flavour market. Ice cream companies are
spurring tender coconut sales as consumers show increasing preference for
the nut among natural product flavours. The tender coconut flavoured ice
creams have become a big draw, especially in South India, which accounts
for 90% of coconut production in India. "People here have an affinity for
tender coconuts and hence they have taken a fancy for it," said Johnson
Joseph, marketing manager of Kerala-based Meriiboy Ice Cream, which
sort of pioneered the flavour in these parts. Among its natural products
flavours, tender coconut is the top selling special flavour and accounts for
nearly 20% share of sales. Other ice cream companies have been cottoning
in on the demand.It is a fast selling flavour for Lazza Ice Creams, a major
company. “Apart from Kerala, tender coconut flavour is much sought after
in metros like Bengaluru and Chennai. Jackfruit is another flavour that is
picking up in demand,"said J Hashim, CEO of Lazza Ice Cream.
➢ Soybean futures traded marginally higher on NCDEX as speculators
enlarged their positions due to good meal exports data. However, some
gains were capped by lower prices at overseas markets following a key
US government report forecasting higher supplies. The contract for
May delivery was trading at Rs 2852.00, up by 0.28% or Rs 8.00 from
its previous closing of Rs 2844.00. The open interest of the contract
stood at 17070 lots. The contract for June delivery was trading at Rs
2941.00, up by 0.51% or Rs 15.00 from its previous closing of Rs
2926.00.
➢ Jeera futures edged higher on NCDEX on anticipation of rising
domestic as well as exports demand at the spot market. Further, the
arrivals have been lower during first 7 days of May compared to April
also added support to jeera prices’ uptrend. Reports showed about
2,450 tons of jeera arrived in May (1-7) compared to 7,997 in April (1-
7). The contract for May delivery was trading at Rs 18400, up by
1.15% or Rs 210.00 from its previous closing of Rs 18190. The open
interest of the contract stood at 930 lots. The contract for June delivery
was trading at Rs 18590, up by 0.98% or Rs 180.00 from its previous
closing of Rs 18410.
➢ Coriander futures traded higher on NCDEX as speculators built up
fresh positions on the back of rising demand in the spot market.
Besides, tight stock positions following limited arrivals from major
producing belts also added support to coriander prices’ uptrend. The
contract for May delivery was trading at Rs 5760.00, up by 0.96% or
Rs 55.00 from its previous closing of Rs 5705.00. The open interest of
the contract stood at 6980 lots. The contract for June delivery was
trading at Rs 5849.00, up by 0.93% or Rs 54.00 from its previous
closing of Rs 5795.00.

5. Technical Outlook
5
BUY CORIANDER APR ABOVE 5720 TARGET 5750 5790 5840
SL BELOW 5690
SELL TURMERIC MAYBELOW 5520 TARGET 5490 5450 5400
SL ABOVE 5550
SELL GUARGUM5 MAY BELOW 7700 TARGET 7670 7630
7580 SL ABOVE 7750

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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: 2017-05-11 21:30+05:30