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1. DAILY AGRI COMMODITY REPORT
6 October 2016
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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
SEP 7108 7120 6976 7050 -0.90 4910
INTRADA
Y LEVELS
SUPPORT SUPP.1
6977
SUPP. 2
6904
PIVOT
7048
Turmeric short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7121
RES. 2
7192
CORIANDER
SEP 7600 7640 7552 7610 0.16 2230
INTRADAY
LEVELS
SUPPORT SUPP.1
7561
SUPP. 2
7512
PIVOT
7600
Coriander short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7649
RES. 2
7688
GUARGUM
OCT 6160 6350 6110 6340 2.59 9939
INTRADAY
LEVELS
SUPPORT SUPP. 1
6183
SUPP. 2
6026
PIVOT
6266
Guargum short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6423
RES. 2
6506
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 - - -
Chana - - -
Coriander 7610 7598 0.10
Guargum 6340 6180 2.59
Jeera 16650 16845 -1.16
Mustard seed 4498 4488 0.22
Soybean 3236 3207 0.9
Turmeric 7050 7114 -0.90
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
GUAR GUM 20-10-2016 6340.00 170.00 2.76%
GUAR SEED 10 MT 20-10-2016 3441.00 62.00 1.83%
SOY BEAN 20-10-2016 3236.00 35.00 1.09%
REF SOYA OIL 20-10-2016 651.80 3.55 0.55%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 20-10-2016 7050.00 -60.00 -0.84%
JEERA 20-10-2016 16650.00 -140.00 -0.83%
MAIZE -
FEED/INDUSTRIAL
GRADE
20-10-2016 1638.00 -9.00 -0.55%

4. Commodities In News
4
ECONOMIC NEWS
 Daily price collections of sensitive items under pulses, fruits, vegetables
and cereals suggest that the seasonal surge in food prices may have peaked
in July, the RBI noted in its latest monetary policy statement. Subdued
momentum in food inflation in Q3 and the usual seasonal softening of food
prices in early Q4, notwithstanding a reversal of base effects in March
2017, improves the near-term outlook for inflation considerably.
Commodity prices are expected to remain quiescent over the rest of the
year. These anticipated developments feed into inflation expectations and,
in turn, influence wage and price conditions, going forward. On the
domestic front, the outlook for agricultural activity has brightened
considerably. The south west monsoon ended the season with a cumulative
deficit of only 3 per cent below the long period average, with 85% of the
country’s geographical area having received normal to excess precipitation.
Kharif sowing has surpassed last year’s acreage, barring cotton, sugarcane
and jute and mesta. Accordingly, the first advance estimates of kharif
foodgrains production for 2016-17 by the Ministry of Agriculture have
been placed at a record level, and higher than the target set for the year.
 Fitch Ratings Monday projected Indian economy to grow at a slower
pace of 7.4 percent in the current fiscal and touch 8 percent growth only in
2018-19, as it expects the benefits of reforms and impact of monetary
easing to kick in with a lag. The US-based rating agency projected Reserve
Bank of India (RBI) lowering interest rates by 0.25 percent before end of
2016, followed by another rate cut in 2017. itch Ratings' latest bi-monthly
Global Economic Outlook (GEO) report said "We forecast GDP growth to
accelerate gradually from 7.4 percent in FY17 (year ending March 2017) to
8.0 percent in FY19“. It projected the growth to be at 7.9 percent in 2017-
18. "Public-sector wage hikes, lagged impact of monetary policy easing,
and a better monsoon season than the previous two years, should support
growth in the near-term, while decent progress on structural reforms
including the recent landmark passage of the Goods and Services Tax in
parliament should facilitate a turnaround in investment over the medium
term," Fitch said.
 Soybean futures traded marginally higher on NCDEX on concerns
that wet weather condition during second part of September may have
affected early harvest of crops. However, cut in edible oil imports taxes
and lower export demand for soymeal, restricted some gains. The
contract for October delivery was trading at Rs 3218.00, up by 0.34%
or Rs 11.00 from its previous closing of Rs 3207.00. The open interest
of the contract stood at 36670 lots. The contract for November delivery
was trading at Rs 3233.00, up by 0.47% or Rs 15.00 from its previous
close of Rs 3218.00.
 Coriander futures traded lower on NCDEX as participants trimmed
their positions, tracking easing demand in the spot market. Besides,
rising arrivals from major growing regions also influenced coriander
futures. The contract for October delivery was trading at Rs 7565.00,
down by 0.43% or Rs 33.00 from its previous closing of Rs 7598.00.
The open interest of the contract stood at 9600.00 lots. The contract for
November delivery was trading at Rs 7503.00, down by 0.35% or Rs
26.00 from its previous closing of Rs 7529.00.
 Turmeric futures edged lower on NCDEX on expectation of higher
production in the coming year due to strong sowing of turmeric in the
producing belts of Karnataka. However, rising demand at the spot
market ahead of festival season, capped some losses. The contract for
October delivery was trading at Rs 7022.00, down by 1.29% or Rs
92.00 from its previous closing of Rs 7114.00.The open interest of the
contract stood at 9760 lots. The contract for November delivery was
trading at Rs 7124.00, down by 0.92% or Rs 66.00 from its previous
closing of Rs 7190.00.
 Jeera futures traded lower on NCDEX on account of fall in domestic
as well as export demand at the spot market. Though, some losses were
capped on poor arrival from the producing belts. The contract for
October delivery was trading at Rs 16725.00, down by 0.71%.

5. Technical Outlook
5
SELL CORIANDER OCT BELOW 7620 TARGET 7575 7475 SL
ABOVE 7685
BUY GUARGUM OCT ABOVE 6360 TARGET 6410 6480 SL
BELOW 6300
SELL TURMERIC OCT BELOW 6980 TARGET 6936 6876 SL
ABOVE 7040

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