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1. DAILY AGRI COMMODITY REPORT
21 JULY 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
AUG 7332 7522 7300 7488 1.52 6975
INTRADAY
LEVELS
SUPPORT SUPP. 1
7351
SUPP. 2
7214
PIVOT
7436
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7573
RES. 2
7658
CORIANDER
AUG 4950 5034 4950 5012 0.74 4180
INTRADAY
LEVELS
SUPPORT SUPP.1
4963
SUPP. 2
4914
PIVOT
4998
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
5047
RES. 2
5082
GUARGUM 5MT
AUG 7020 7099 6955 7064 0.43 13850
INTRADAY
LEVELS
SUPPORT SUPP. 1
6979
SUPP. 2
6895
PIVOT
7039
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7123
RES. 2
7183
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 4450 4493 -0.96
Chana - - -
Coriander 5012 4975 0.74
Guargum5MT 6860 6828 0.47
Jeera 19625 19860 -1.18
Musterseed 3670 3655 0.41
Soybean 2935 2910 0.86
Turmeric 7420 7360 0.82
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 18-08-2017 7502.00 142.00 1.93%
COTTON SEED OIL
CAKE AKOLA
18-08-2017 1619.00 27.00 1.70%
SOY BEAN 18-08-2017 3015.00 25.00 0.84%
CORIANDER 18-08-2017 4995.00 40.00 0.81%
REF SOYA OIL 18-08-2017 643.60 4.50 0.70%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
MAIZE -
FEED/INDUSTRIAL
GRADE
18-08-2017 1359.00 -6.00 -0.44%
JEERA 18-08-2017 19720.00 -30.00 -0.15%

4. Commodities In News
4
ECONOMIC NEWS
➢ India is expected to import up to 4 million tonnes of wheat this fiscal
year, despite a bumper harvest, due to the cheaper availability of the
commodity in the international markets. Rajiv Yadav, vice president at
COFCO Agri, said: "Depending on how the monsoon progresses, India is
likely to import about 3 to 4 million tonnes of wheat until
April.“ According to Yadav, about 3 lakh tonnes of imports have already
been contracted with Ukrainian suppliers. "The landed cost of imported
wheat is about Rs 18/kg, while the domestic wheat price is Rs 20/kg," said
Yadav. Mainly, mills from south India find it cheaper to import than
buying and transporting wheat from Punjab, Haryana and Madhya Pradesh
in north India. Prerana Desai, research head, EdelweissAgri Services and
Credit, confirmed that wheat imports are continuing, albeit at a slower
pace. "Wheat imports in the current year will be slightly lesser than last
year's wheat import," said Desai. Mainly, mills from south India find it
cheaper to import than buying and transporting wheat from Punjab,
Haryana and Madhya Pradesh in north India.
➢ Amid cooling food inflation, dairy majors Gujarat Cooperative Milk
Marketing Federation (GCMMF), Parag and Hatsun AgroBSE 2.55 % have
said they expect milk prices to remain stable over the next six to 12
months, mainly due to low commodity prices and a substantial drop in
export of milk powder. “Milk prices are expected to remain stable for six
months to a year as commodity prices have been ruling low,” said RS
Sodhi, managing director of GCMMF, which markets its products under
the Amul brand. India is not only the largest producer of milk, but also its
largest consumer. Most dairies had increased milk prices during the lean
period of the summer season, taking ‘full fat’ milk to Rs 52/litre and double
toned milk to Rs 38/litre. India produces about 5 lakh tonnes of milk
powder every year. Till about three years ago, it used to export about a fifth
of it as ‘solid not fat’.However, a fall in global SNF prices has brought
exports to a near standstill. “SNF demand has been less as world prices
have been ruling low,” said Devendra Shah, chairman and managing
director of Parag Milk Foods, which sells cheese under the ‘Go Cheese’
brand.
➢ Soybean futures traded marginally higher on NCDEX as speculators
enlarged their positions on expectation of good crushing demand on
reports of hike in import duty. However, expectation of revival of
monsoon in central India, capped some gains. The contract for July
delivery was trading at Rs 2920.00, up by 0.34% or Rs 10.00 from its
previous closing of Rs 2910.00. The open interest of the contract stood
at 490 lots. The contract for August delivery was trading at Rs 3019.00,
up by 0.94% or Rs 28.00 from its previous closing of Rs 2991.00. The
open interest of the contract stood at 71870 lots on NCDEX.
➢ Turmeric futures edged up on NCDEX on improving demand from
upcountry buyers and stockists at the spot market. Though, some gains
were capped on adequate stocks position on increased supplies from
producing regions. The contract for August delivery was trading at Rs
7380.00, up by 0.05% or Rs 4.00 from its previous closing of Rs
7376.00. The open interest of the contract stood at 14555 lots. The
contract for September delivery was trading at Rs 7474.00, up by
0.13% or Rs 10.00 from its previous closing of Rs 7464.00. The open
interest of the contract stood at 2500 lots on NCDEX.
➢ Coriander futures edged higher on NCDEX as participants enlarged
their holdings amid improved demand in the domestic spot market.
Further, low arrivals from major growing regions also fuelled the
uptrend. The contract for August delivery was trading at Rs 4989.00,
up by 0.28% or Rs 14.00 from its previous closing of Rs 4975.00. The
open interest of the contract stood at 40780 lots. The contract for
September delivery was trading at Rs 5070.00, up by 0.26% or Rs
13.00 from its previous closing of Rs 5057.00. The open interest of the
contract stood at 3910 lots on NCDEX.

5. Technical Outlook
5
BUY CORIANDER ABOVE 5030 TARGET 5060 5100 5150 SL
BELOW 4980
BUY TURMERIC ABOVE 7530 TARGET 7560 7600 7650 SL
BELOW 7480
SELL GUARGUM5 BELOW 7040 TARGET 7010 6970 6920 SL
ABOVE 7090

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