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1. DAILY AGRI COMMODITY REPORT
31 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 6326 6400 6290 6314 -0.22 1725
INTRADAY
LEVELS
SUPPORT SUPP. 1
6269
SUPP. 2
6225
PIVOT
6335
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6379
RES. 2
6445
CORIANDER
APR 7490 7550 7490 7510 0.39 10450
INTRADAY
LEVELS
SUPPORT SUPP.1
7483
SUPP. 2
7457
PIVOT
7517
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7543
RES. 2
7577
GUARGUM 5MT
APR 7993 8118 7990 8058 0.90 17620
INTRADAY
LEVELS
SUPPORT SUPP. 1
7993
SUPP. 2
7927
PIVOT
8055
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
8121
RES. 2
8183
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 4782 4712 1.49
Chana - - -
Coriander 7510 7481 0.39
Guargum5MT 8058 7986 0.9
Jeera 17955 18255 -1.64
Musterseed 3931 3963 -0.81
Soybean 2862 2887 -0.87
Turmeric 6314 6328 -0.22
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 20-04-2017 7511.00 31.00 0.41%
GUAR SEED 10 MT 20-04-2017 3881.00 13.00 0.34%
TURMERIC 20-04-2017 6346.00 18.00 0.28%
SUGAR M GRADE 19-05-2017 3700.00 9.00 0.24%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
JEERA 20-04-2017 18015.00 -285.00 -1.56%
SOY BEAN 20-04-2017 2860.00 -27.00 -0.94%
COTTON SEED OIL CAKE
AKOLA
20-04-2017 2126.00 -20.00 -0.93%

4. Commodities In News
4
ECONOMIC NEWS
➢ The natural rubber production (NR) in India is all set to exceed the
target of 6.54 lakh tonnes set by Rubber Board in 2016-17. The production
climbed nearly 18% to 622,200 tonnes till February 2017 from a year ago.
The consumption for the same period rose 4% to 942,695 tonnes. Despite it
being a lean month, the production in February showed 54% increase
compared with same month in previous year to 57,000 tonnes. The increase
in production and the rise in the international NR prices have impacted the
imports, which have fallen 7% to 400,812 tonnes for 11 months. For
February alone the imports dropped by 51 % to 15,609 tonnes. The
increase in production and the rise in the international NR prices have
impacted the imports, which have fallen 7% to 400,812 tonnes for 11
months. For February alone the imports dropped by 51 % to 15,609 tonnes.
➢ Sugar mills in the Western and Southern regions of India are witnessing
strains on profits due to significant decline in the cane crushing volumes,
while their Northern counterparts, mainly in Uttar Pradesh, are seeing good
profitability due to good production, says rating agency ICRA. According
to associations and rating agencies, the domestic sugar production is set to
decline by around 19% to 20.3 million tons during SY (sugar year) 2017
compared to SY2016, driven mostly by a significant decline in sugar
production in key sugar-producing states – Maharashtra and Karnataka
due to poor rainfall during previous monsoon seasons. During SY2017,
domestic sugar consumption is expected to decline by 4% to around 24
million tons when compared to SY2016. Sabyasachi Majumdar, senior
vice-president and group head of ICRA Ratings, said, “Sustained healthy
realisations, higher cane crushing volumes and higher recovery rates for
SY2017 season are likely to support the profitability for UP-based sugar
mills despite an increase in the cane price by Rs 25/quintal.” He added that
the profitability of the Western and Southern-based sugar mills continues to
be affected by the crushing volumes.
➢ Soybean futures traded lower on NCDEX as speculators trimmed
their positions, and tracking lower prices in international markets
following expectations that a widely watched US government report
later in the week would forecast an increase in North American
planting. However, higher meal exports and slower arrivals from the
major producing belts, capped some losses. The contract for April
delivery was trading at Rs 2858.00, down by 1% or Rs 29.00 from its
previous closing of Rs 2887.00. The open interest of the contract stood
at 160700 lots. The contract for May delivery was trading at Rs
2940.00, down by 1.08% or Rs 32.00 from its previous closing of Rs
2972.00.
➢ Turmeric futures traded higher on NCDEX on rising exports demand
at the spot market. On the export front, country exported about 82,115
tons during April-December period, up by 28% compared to last year
exports of 64,105 tons. Though, some gains were capped on heavy
arrivals from the producing belts. The turmeric arrivals in the country is
on higher side during second half of March to 79,534 tons compared to
63,965 tons during last month same period. The contract for April
delivery was trading at Rs 6348, up by 0.32% or Rs 20.00 from its
previous closing of Rs 6328. The open interest of the contract stood at
10240 lots.
➢ Jeera futures edged higher on NCDEX on lower arrivals from the
producing belts. Moreover, expectation of rising exports demand at the
spot market also added support to jeera prices uptrend. The contract for
April delivery was trading at Rs 18375, up by 0.66% or Rs 120.00 from
its previous closing of Rs 18255. The open interest of the contract
stood at 9153 lots. The contract for May delivery was trading at Rs
18550, up by 0.60% or Rs 110.00 from its previous closing of Rs
18440. The open interest of the contract stood at 8400 lots on NCDEX.

5. Technical Outlook
5
SELL CORIANDER 20APR BELOW 7480 TARGET 7450 7410
7360 SL ABOVE 7510
SELL TURMERIC 20APR BELOW 6300 TARGET 6270 6230 6180
SL ABOVE 6330
SELL GUARGUM 20APR BELOW 7990 TARGET 7960 7920
7870 SL ABOVE 8040

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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: 2017-03-30 20:05+05:30