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1. DAILY AGRI COMMODITY REPORT
03 APRIL 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 6334 6366 6270 6280 -0.51 1870
INTRADAY
LEVELS
SUPPORT SUPP. 1
6245
SUPP. 2
6209
PIVOT
6305
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6341
RES. 2
6401
CORIANDER
APR 7527 7564 7527 7535 0.32 9450
INTRADAY
LEVELS
SUPPORT SUPP.1
7520
SUPP. 2
7505
PIVOT
7542
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7557
RES. 2
7579
GUARGUM 5MT
APR 8094 8327 8079 8290 3.41 31455
INTRADAY
LEVELS
SUPPORT SUPP. 1
8137
SUPP. 2
7984
PIVOT
8232
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
8385
RES. 2
8480
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 4854 4796 1.68
Chana - - -
Coriander 7535 7511 0.32
Guargum5MT 8290 8094 3.41
Jeera 17960 17985 -0.14
Musterseed 3912 3931 -0.48
Soybean 2854 2865 -0.24
Turmeric 6280 6312 -0.51
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
GUAR SEED 10 MT 20-04-2017 3993.00 82.00 2.10%
BARLEY 20-04-2017 1580.00 27.50 1.77%
MAIZE -
FEED/INDUSTRIAL
GRADE
20-04-2017 1250.00 14.00 1.13%
MAIZE -
FEED/INDUSTRIAL
GRADE
19-05-2017 1421.00 12.00 0.85%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 20-04-2017 6280.00 -34.00 -0.54%
RAPESEED-MUSTARD
SEED
20-04-2017 3912.00 -19.00 -0.48%
REF SOYA OIL 20-04-2017 635.80 -2.75 -0.43%

4. Commodities In News
4
ECONOMIC NEWS
➢ The seed industry in India is witnessing increased level of activity and
enthusiasm over field testing of genetically modified (GM) seeds over the
last two years. Field trials of GM seeds for crops such as cotton, rice,
maize, brinjal, mustard and chickpea are underway in some states.
However the pace of adoption of GM seeds in India so far has been slow
with commercialization of only one GM crop in last 15 years whereas other
countries such as the USA, China, Canada and Brazil have commercialised
eight, five, four and three GM crops, said ICRA. Moreover India has
recorded a CAGR of 4% in area under cultivation of GM crops from CY
2010 to CY 2015 whereas Brazil has recorded CAGR of 10% during the
same period. Adoption of GM seeds, be it for food crops or industrial
crops, in India still faces significant resistance from its opponents, with
some of the key concerns being threat to bio-diversity, safety aspects for
human consumption, lack of transparent regulatory framework and
possibility of concentration of pricing power with large multinational
corporations.
➢ Basmati rice exports is likely to grow to Rs 22,000-22,500 crore and
volume to around 4.09 million tonne mainly supported by an increase in
average realisations, rating agency ICRA said in a report today. "We
expect the export volumes in FY17 to be around 4 million tonne (almost
similar to the volumes in FY2016). However, muted average realisations
are expected to keep the value of these exports to under Rs 21,000 crore,
against Rs 22,718 crore in FY16," said ICRA Assistant Vice President
Deepak Jotwani. "In FY18, the value of exports is likely to grow to Rs
22,000-22,500 crore, with export volumes growing to around 4.09 million
tonne and supported by an increase in average realisations," Jotwani added.
This is likely to push up Basmati rice prices in the next fiscal, he said.
Resumption of imports by Iran will be keenly watched by the industry as it
has the potential to provide an impetus to exports, he added. "Going
forward, the coming financial year is expected to witness better revenue
growth supported by a rise in average realisations, as paddy prices firm up
during the current procurement season.
➢ Jeera futures spiked up on NCDEX as speculators enlarged their
positions, driven by higher demand from consuming industries in the
spot market. Further, there are reports of lower production estimates in
Gujarat and improved exports in 2016/17 financial year. The contract
for April delivery was trading at Rs 18085, up by 0.56% or Rs 100
from its previous closing of Rs 17985. The open interest of the contract
stood at 7377 lots. The contract for May delivery was trading at Rs
18315, up by 0.80% or Rs 145 from its previous closing of Rs 18170.
The open interest of the contract stood at 9792 lots on NCDEX.
➢ Coriander futures trade higher on NCDEX as speculators enlarged
their holdings on the back of improved demand at the spot market.
Further, restricted arrivals from producing regions too fuelled the
uptrend in coriander prices. The contract for April delivery was trading
at Rs 7550, up by 0.52% or Rs 39 from its previous closing of Rs 7511.
The open interest of the contract stood at 22870 lots. The contract for
May delivery was trading at Rs 7670, up by 0.55% or Rs 42 from its
previous closing of Rs 7628. The open interest of the contract stood at
32990 lots on NCDEX.
➢ Cardamom futures edged low on MCX as speculators trimmed
positions amid sluggish spot demand. Besides, adequate stocks position
following increased arrivals from producing regions also put pressure
on cardamom prices. The contract for April delivery was trading at Rs
1408.50, down by 0.53% or Rs 7.50 from its previous closing of Rs
1416.00. The open interest of the contract stood at 908 lots. The
contract for May delivery was trading at Rs 1306.00, down by 0.51%
or Rs 6.70 from its previous closing of Rs 1312.70. The open interest
of the contract stood at 512 lots on MCX.

5. Technical Outlook
5
BUY CORIANDER 20APR ABOVE 7550 TARGET 7580 7620 7670
SL BELOW 7500
SELL TURMERIC 20APR BELOW 6270 TARGET 6240 6200 6150
SL ABOVE 6300
BUY GUARGUM 20APR ABOVE 8200 TARGET 8230 8270 8320
SL BELOW 7950

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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: 2017-03-31 21:19+05:30