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1. DAILY AGRI COMMODITY REPORT
16 May 2016
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
JUNE 8206 8206 8070 8112 -1.10 5770
INTRADAY
LEVELS
SUPPORT SUPP. 1
8053
SUPP. 2
7993
PIVOT
8129
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8189
RES. 2
8265
CORIANDER
JUNE 7301 7390 7261 7359 +0.37 5420
INTRADAY
LEVELS
SUPPORT SUPP.1
7283
SUPP. 2
7208
PIVOT
7337
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
7412
RES. 2
7466
GUARGUM
JUNE 5410 5420 5230 5270 -3.12 16518
INTRADAY
LEVELS
SUPPORT SUPP. 1
5193
SUPP. 2
5117
PIVOT
5307
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5383
RES. 2
5497
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTAN
CE
RES. 1
-
RES. 2
-

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED - - -
CHANA 5692 5640 +0.92
CORIANDER 7388 7345 +0.59
GUARGUM 5200 5380 -3.35
JEERA 16575 16670 -0.57
MUSTARD
SEED
4355 4339 +0.37
SOYABEAN 3850 3888 -0.98
TURMERIC 8540 8518 +0.26
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
GUAR GUM 20-05-2016 5200.00 -170.00 -3.17%
SOY BEAN 20-05-2016 3850.00 -36.00 -0.93%
JEERA 20-05-2016 16575.00 -135.00 -0.81%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CHANA 20-05-2016 5692.00 54.00 0.96%
CORIANDER 20-05-2016 7388.00 56.00 0.76%
TURMERIC 20-05-2016 8540.00 4.00 0.05%

4. Commodities In News
4
ECONOMIC NEWS
Government will cover as many as 585 agricultural markets
electronically by the next year, which will allow farmers to sell their
produce anywhere in the country, Agriculture Secretary Shobhana K
Pattanayak said.On April 14, the government had launched the project on a
pilot basis, beginning with 21 markets covering eight states."We are
hopeful of rolling this out in 585 markets in the country by the next year.
The farmers for the first time will have a voice to sell goods wherever they
want to. It will empower farmers," Pattanayak said at a workshop on India
Country Programme Evaluation jointly organised by IFAD and the
Department of Economic Affairs (Finance Ministry).A specialised United
Nations agency, IFAD invests in rural areas, poverty eradication,
agriculture, food security and nutrition.Pattanayak is of the view that
agriculture will be attractive only if farmers are empowered and their
produces are linked to markets or a value chain.He underlined the need to
concentrate on agriculture to lift people from below poverty line. In India,
close to 70 per cent of the population lives in rural areas depending on
agriculture."The reality in India is it is small holders' agricultural nation.
Most of the people are small and marginal farmers. And to make
agriculture a profitable venture is a big challenge", he added. The
government, he said, strongly feels that doubling farmers' income in the
next six years is doable.Additional Secretary of Department of Economic
Affairs Dinesh Sharma pointed to the apparent contradiction between
cheap food and remunerative prices to farmers.He felt that agriculture
sector in India needs to be part of the global value chain to make it more
attractive.He suggested that opening foreign direct investment in retail will
make farmers suppliers of the food chain and give them more assured
returns."India has numerous public rural development schemes... A process
of greater devolution of funds and powers is under way. This creates
opportunities for IFAD-funded projects," said Oscar A Gracia, Director,
Independent Office of Evaluation of IFAD.
Turmeric on NCDEX settled up on expectation of rising demand
from traders and stockists at the spot market. Though, some gains were
capped on poor arrival from the producing regions. New season crop
has hit the markets and continue to peak in current month but majority
of arrivals are of medium quality.As per dept of commerce data,
turmeric exports for the period April 2015- Feb 2016 is pegged at
77,081 tonnes while the export for the 2014-15 was 83,713 tonnes for
the same period. Poor arrival of turmeric bags caused concern among
traders. The price of the turmeric sold below Rs. 8,800. The price of the
both varieties of turmeric decreased by Rs. 200 to 300 a quintal. At the
Erode Turmeric Merchants Association sales yard the finger turmeric
sold at Rs. 7,749 to Rs. 8,849 a quintal, root variety sold at Rs. 7,278 to
8,299 a quintal.Of the arrival of 376 bags, 180 bags were sold. At the
Regulated market Committee, finger turmeric sold at Rs. 7,917 to Rs.
8,899 a quintal; root variety at Rs. 7,499 to Rs. 8,355 a quintal. Of the
arrival of 216 bags, about 200 bags were sold. At Duggirala market
sources reported arrivals at 1343 quintals, up by 444 quintals.
Jeera on NCDEX settled up due to limited arrivals from growing
regions. Further, reduced domestic supplies in the physical markets and
some export enquiries too fuelled the uptrend. As per the final rabi
sowing report, Gujarat has planted more cumin compared to last year
sowing progress. Jeera is planted in about 10.8% more area at 2,95,400
hectares compared to 2,66,700 hectares last year same time.Market
players are still expecting some more export enquiries on reports of
good quality jeera production this year but the demand is still lower. As
per third advance estimate of Gujarat State for 2015-16, production is
pegged at 2.13 lt higher by about 7% forecasted in revised fourth
advance estimate of 1.97 lt. In 2013-14, production was 3.46 lt.
According to Dept of Commerce data, the export of jeera during first
11 month of 2015-16 (Apr-Feb) is 78,965 tonnes compared to 1.46 lt
exported last year same period.

5. 5
Fundamental Watch : Sugar
SUGAR PRICES AT KEY SPOT MARKETNational Market Update
Datagro predicted a global sugar supply deficit of 6.49 MT and 6.09 MT
respectively in successive marketing year 2015-16 and 2016-17.
Indian sugar export fell by 43% this week (ending on 08th May, 2016) as the
country exported 38.6 thousand tons of sugar during the week compared to
67.6 thousand tons of exports made the previous week.
Sugar mills in Maharashtra owed somewhat around Rs 2900 crore as the
outstanding amount to the Maharashtra State Cooperative Bank (MSCB) by
the end of the season.
The Thailand govt. had sold 72,000 tons of raw sugar to Bunge BG.N at a
premium of 137 points over global futures via a tender.
FCStone predicted Brazil’s centre south region to crush 36.3 MT of
sugarcane in the second half of April, thereby producing a total of 1.71 MT of
sugar during the MY 2016-17.
Favorable dry weather condition and a good harvest this year led Brazil to
export 1.23 MT of raw sugar in April, 2016 compared to 0.62 MT of exports
made last year in April, 2015.
A lower cane crushing in U.P this year led the state to produce only 68 lakh
tons of sugar (though achieved a higher recovery rate of 10.60%) in 2015-
16(01st Oct, 2015 – 30th Apr, 2016 compared to 70.42 lakh tons of production
made last year during the same interval.
CENTER 13-May-15 12-May-15 Change
DELHI 3775 3540 +35
MUMBAI 3756 3756 UNCH
VIJAYWADA 3900 3900 UNCH
NAGPUR 3675 3675 UNCH
CHENNAI 3440 3440 UNCH
AMBIKAPUR 3035 3035 UNCH
DHAMPUR 3550 3565 -15

6. Technical Outlook
6
SELL CORIANDER JUN BELOW 7320 TARGET 7275 7175 SL
ABOVE 7385
SELL GUARGUM JUN BELOW 5230 TARGET 5180 5110 SL
ABOVE 5290
SELL TURMERIC JUN BELOW 8070 TARGET 8026 7966 SL
ABOVE 8130

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