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1. DAILY AGRI COMMODITY REPORT
03 March 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 6740 6818 6740 6816 0.86 440
INTRADAY
LEVELS
SUPPORT SUPP. 1
6765
SUPP. 2
6713
PIVOT
6791
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6843
RES. 2
6869
CORIANDER
APR 6650 6899 6650 6899 3.99 2130
INTRADAY
LEVELS
SUPPORT SUPP.1
6733
SUPP. 2
6567
PIVOT
6816
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6982
RES. 2
7065
GUARGUM 5MT
APR 7897 8044 7795 8000 0.77 11500
INTRADAY
LEVELS
SUPPORT SUPP. 1
7849
SUPP. 2
7697
PIVOT
7946
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
8098
RES. 2
8195
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 4105 4061 1.08
Chana - - -
Coriander 6899 6634 3.99
Guargum5MT 8000 7393 0.77
Jeera 17030 16895 0.80
Mustard seed 3915 3883 0.82
Soybean 2988 2933 -0.17
Turmeric 6816 6758 0.86
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 20-04-2017 6899.00 274.00 4.14%
V 797 KAPAS 28-04-2017 1079.00 16.50 1.55%
REF SOYA OIL 20-03-2017 668.90 5.30 0.80%
JEERA 20-03-2017 17030.00 130.00 0.77%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
MAIZE -
FEED/INDUSTRIAL
GRADE
20-03-2017 1402.00 -1.00 -0.07%
WHEAT 20-03-2017 1634.00 -1.00 -0.06%
SOY BEAN 20-03-2017 2915.00 -7.00 -0.24%

4. Commodities In News
4
ECONOMIC NEWS
 Withing a fortnight, India's sugar deficit increased to 18.54 % from
about 15% mid-February, said industry body Indian Sugar Mills
Association (IMSA) in a release. "During the current 2016-17 SS which
began on 1st October 2016 and till 28th February 2017, sugar mills have
produced 162.45 lac tons of sugar, as against 199.43 lac tons produced last
year in the corresponding period. As on 28th February 2017, 257 sugar
mills are continuing their crushing operations, whereas in 2015-16 SS, 390
mills were in operation on the same date," stated an ISMA release. In Uttar
Pradesh, 107 mills are still continuing their operations. As on 28th
February 2017, sugar mills have produced 62.46 lac tons of sugar, which is
17% higher as compared to last year’s sugar production of 53.51 lac tons
on the corresponding period. On 28th February 2016, 102 sugar mills were
in operation last year. The ISMA release stated: "Out of 153 sugar mills
which had started crushing this season in Maharashtra, 136 mills have
stopped crushing and 17 are still working. Till 28th February 2017, mills
have produced 41.15 lac tons of sugar, as compared to 70.58 lac tons
produced last year on the corresponding period, down by about 41%. In
2015-16 SS, 102 mills were in operation as on 28th February 2016.”
 The West Bengal government is introducing a single permit for
agricultural marketing, revamping a system that required wholesale buyers
to hold separate licences for each agricultural product. A senior official
said the single-window service will also ease farmers’ problems as they
will no longer have to go door-to-door to sell excess crop. To facilitate this
change, the state government will soon table the West Bengal Agricultural
Produce Marketing (Regulation) Bill with amendments in the state
Assembly, the official said, requesting anonymity. After the Bill is passed,
wholesale buyers, after paying a fixed fee, can buy whatever agricultural
products they wish to sell from all over the state. The amended law will
also be helpful for Bengal farmers who wish to export their products.
 Soybean futures edged up on NCDEX on rising exports demand at
the spot market. As per the data compiled by the Soybean Processors
Association of India (SOPA), the soy meal exports is expected to
increase in 2016-17 (October-September) to 1.8 mt from 1.0 mt
projected earlier. Though, some gains were capped as the production is
expected to be higher this year. The contract for March delivery was
trading at Rs 2926.00, up by 0.1% or Rs 3.00 from its previous closing
of Rs 2923.00. The open interest of the contract stood at 175670 lots.
The contract for April delivery was trading at Rs 2998.00, up by 0.17%
or Rs 5.00 from its previous closing of Rs 2993.00.
 Jeera futures traded lower on NCDEX on fall in domestic demand at
the spot market. Though, some losses were capped on lower output
from the producing regions. Jeera output in India may fall by 12
percent to 387,000 tons during 2016-17 due to lower acreage and
adverse weather conditions. Reports showed that the sowing of Jeera in
Gujarat pegged at 278,000 hectare as against 295,000 hectare a year
ago. The contract for March delivery was trading at Rs 16860, down by
0.21% or Rs 35.00 from its previous closing of Rs 16895. The open
interest of the contract stood at 3453 lots.
 Turmeric futures traded up on NCDEX on rising domestic as well as
exports demand at the spot market. On the export front, country
exported about 74,524 tons; up by 32% during April-November period
compared to last year exports of 56,471tons. Though, some gains were
capped on heavy arrivals from the producing belts. The turmeric
arrivals in the country increase to 28,337 tons last week (20-25
February) compared to 7,300 tons during previous week. The contract
for April delivery was trading at Rs 6800, up by 0.62% or Rs 42.00
from its previous closing of Rs 6758. The open interest of the contract
stood at 13655 lots. The contract for May delivery was trading at Rs
6770, up by 0.56% or Rs 38.00 from its previous closing of Rs 6732.

5. Technical Outlook
5
SELL CORIANDER APRBELOW 6760 TARGET 6745 6685 6615
SL ABOVE 6790
BUY TURMERIC 20APR ABOVE 6820 TARGET 6850 6890 6940
SL BELOW 6772
SELL GUARGUM5 20MARBELOW 7850 TARGET 7820 7760
7710 SL ABOVE 7900

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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: 2017-03-02 18:08+05:30