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1. DAILY AGRI COMMODITY REPORT
22 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
JUN 5558 5570 5540 5570 -0.04 135
INTRADAY
LEVELS
SUPPORT SUPP. 1
5550
SUPP. 2
5530
PIVOT
5560
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
5580
RES. 2
5590
CORIANDER
JUN 5350 5485 5340 5485 2.99 840
INTRADAY
LEVELS
SUPPORT SUPP.1
5388
SUPP. 2
5291
PIVOT
5436
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
5533
RES. 2
5581
GUARGUM 5MT
JUN 7851 7865 7800 7860 2.92 315
INTRADAY
LEVELS
SUPPORT SUPP. 1
7818
SUPP. 2
7776
PIVOT
7841
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7883
RES. 2
7906
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 4535 4551 -0.35
Chana - - -
Coriander 5485 5326 2.99
Guargum5MT 7860 7637 2.92
Jeera 18275 17920 1.98
Musterseed 3660 3673 -0.35
Soybean 2815 2785 1.08
Turmeric 5570 5572 -0.04
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 20-06-2017 5547.00 171.00 3.18%
GUAR SEED 10 MT 20-06-2017 3677.00 66.00 1.83%
JEERA 20-06-2017 18270.00 295.00 1.64%
BARLEY 20-06-2017 1468.00 8.00 0.55%
COTTON SEED OIL CAKE
AKOLA
20-06-2017 1957.00 8.00 0.41%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
WHEAT 20-06-2017 1619.00 -13.00 -0.80%
RAPESEED-MUSTARD
SEED
20-06-2017 3681.00 -4.00 -0.11%

4. Commodities In News
4
ECONOMIC NEWS
➢ Students, farmers' unions and environmental activists today protested
outside the Ministry of Environment demanding immediate rollback of the
approval for commercial use of GM Mustard. The activists alleged that the
Genetic Engineering Appraisal Committee (GEAC), a ministry body that
had given the approval on May 11, was functioning "unscientifically" and
"irregularly" and asked for its dissolution. "We are asking for dissolution
of GEAC as the body is discredited and its functions are always secretive,"
said Kavitha Kuruganti of Sarson Satyagraha. The protesters promised to
organise a nationwide stir if their demand was not met. They also
challenged the ministry to an open debate on the use of genetically
modified crops. "GM crops affect farmers as it makes them rely on
companies which supply the seeds and gives no scope for reproduction of
seeds," said an India-based German-native associated with an urban
farming company, who wished to remain anonymous.
➢ The surge in the coastal aquaculture shrimp production to over 5 lakh
tonnes consistently in the last two years has helped boost the seafood
exports from India, according to Marine Products Export Development
Authority (MPEDA). Speaking at the inaugural function of the Aqua
Aquaria India 2017, a show focused on the aquaculture and ornamental fish
sectors in the country, MPEDA chairman A Jayathilak said the progress
has been achieved through the joint support of various stakeholders
including farmers, hatchery operators and feed manufacturers. The show is
being held for the first time on the west coast at Mangalore. Addressing the
function Karnataka Fisheries Minister Pramod Madhwaraj said the west
coast including Karnataka, Gujarat, Maharashtra and Goa has immense
scope for coastal aquaculture development. But while formulating the
master plan for the region, the authorities should consider ecological
sustenance and rational exploitation of natural resources. He said the export
market for aquarium fishes should be developed as there is a growing
interest in the sector globally.
➢ Coriander futures traded higher on NCDEX as participants built up
fresh positions, tracking improved demand in the spot market. Further,
limited arrivals from major growing regions also added support to
coriander prices’ uptrend. The contract for May delivery was trading at
Rs 5375.00, up by 0.92% or Rs 49.00 from its previous closing of Rs
5326.00. The open interest of the contract stood at 710 lots. The
contract for June delivery was trading at Rs 5445.00, up by 1.1% or Rs
59.00 from its previous closing of Rs 5386.00. The open interest of the
contract stood at 53380 lots on NCDEX.
➢ Turmeric futures traded higher on NCDEX on expectation of rising
exports demand at the spot market. Further, lower arrivals from the
producing regions also added support to turmeric prices’ uptrend.
Reports showed that the turmeric arrivals in the country are lower in
first 15 days of May at 36,489 tons compared to 73,824 tons during
April (1-15). The contract for June delivery was trading at Rs 5624.00,
up by 0.61% or Rs 34.00 from its previous closing of Rs 5590.00. The
open interest of the contract stood at 15930 lots. The contract for July
delivery was trading at Rs 5708.00, up by 0.63% or Rs 36.00 from its
previous closing of Rs 5672.00.
➢ Jeera futures traded up on NCDEX on rising exports demand at the
spot market. On the export front, the exports increased by 29.6% to
1,08,513 tons in first 11 month of marketing year 2016/17. Moreover,
lower arrivals from the producing regions also added support to jeera
prices’ uptrend. Reports showed that 4,316 tons of jeera arrived in May
(1-14) compared to 17,494 in April (1-14). The contract for May
delivery was trading at Rs 18015, up by 0.53% or Rs 95.00 from its
previous closing of Rs 17920. The open interest of the contract stood at
108 lots. The contract for June delivery was trading at Rs 18150, up by
1.20% or Rs 215.00 from its previous closing of Rs 17935.

5. Technical Outlook
5
BUY CORIANDER APR ABOVE 5490 TARGET 5520 5560 5610
SL BELOW 5440
SELL TURMERIC MAYBELOW 5500 TARGET 5470 5430 5380
SL ABOVE 5550
BUY GUARGUM5 MAY ABOVE 7870 TARGET 7900 7940 7990
SL BELOW 7820

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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: 2017-05-20 14:19+05:30