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1. DAILY AGRI COMMODITY REPORT
17 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 7186 7428 7174 7242 0.78 10170
INTRADA
Y LEVELS
SUPPORT SUPP.1
7134
SUPP. 2
7027
PIVOT
7281
Turmeric short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7388
RES. 2
7535
CORIANDER
SEP 7425 7485 7270 7387 -1.39 4620
INTRADAY
LEVELS
SUPPORT SUPP.1
7276
SUPP. 2
7165
PIVOT
7380
Coriander short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7491
RES. 2
7595
GUARGUM
OCT 6730 6786 6590 6614 -1.96 15540
INTRADAY
LEVELS
SUPPORT SUPP. 1
6540
SUPP. 2
6467
PIVOT
6663
Guargum short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6736
RES. 2
6859
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 7214 7290 -1.04
Guargum 6450 6570 -1.83
Jeera 16325 16490 -1.00
Mustard seed 4480 4437 0.97
Soybean 3052 3052 -
Turmeric 7100 7012 1.25
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
BARLEY 20-10-2016 1585.00 30.00 1.93%
SUGAR M GRADE 20-10-2016 3520.00 51.00 1.47%
COTTON SEED OIL CAKE
AKOLA
20-12-2016 1936.00 26.00 1.36%
TURMERIC 20-10-2016 7100.00 88.00 1.25%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
GUAR SEED 10 MT 20-10-2016 3428.00 -68.00 -1.95%
MAIZE -
FEED/INDUSTRIAL
GRADE
20-10-2016 1609.00 -29.00 -1.77%
GUAR GUM 20-10-2016 6450.00 -80.00 -1.23%

4. Commodities In News
4
ECONOMIC NEWS
 Maharashtra chief minister Devendra Fadanvis agreed to call second
meeting of the ministers' committee to consider the demand of the industry
to start the sugarcane crushing from November 1 instead of the earlier
decided date of December 1. Normally, Maharashtra's crushing season
begins between mid-October to mid-November. This year however, the
state government decided to start the crushing season only from December
1 due to lesser availability of cane in the state. However, a majority of the
mills, especially from the bordering districts of Sangli, Satara, Kolhapur
and Solapur were against this decision as they feared diversion of the cane
to the Karnataka mills, which are likely to begin their crushing operations
in November. "We are keen to begin the crushing from November 1," said
BB Thombre, president, Western India Sugar Mills Association. "We are
keen to begin the crushing from November 1," said BB Thombre,
president, Western India Sugar Mills Association. The state's sugar
commissionerate imposes a heavy fine of Rs 500/tonne on the mills who
begin the crushing operations before the date announced by the state
government.
 The government has recast the official body overseeing the Protection of
Plant Varieties and Farmers Right Act, appointing as its member M
Prabhakar Rao, chairman of Nuziveedu Seeds, which is in a high-profile
conflict with MonsantoBSE 0.05 % over licensing and royalty of seed
technology. Rao has entered the slot for the representative of a seed
company, replacing a representative of Maharashtra Hybrid Seeds
Company Ltd (Mahyco), which is associated with Monsanto, giving a new
twist to the conflict. The government has also included the principal
secretaries of agriculture from Maharashtra and Madhya Pradesh in the
committee, officials said. Rao has been appointed as a member of the body
for three years in place of Usha Barwale Zehr, chief technology officer of
Mahyco. Monsanto sells cotton seeds in India via Mahyco Monsanto
Biotech Ltd (MMBL), a joint venture. MMBL has sub-licensed Bt cotton
seed technology since 2002 to various domestic seed companies.
Turmeric futures traded higher on NCDEX due to pick-up in demand
at the spot market. Though, some gains were capped on arrival of
medium and poor quality turmeric from the producing belts. The
contract for October delivery was trading at Rs 7184.00, up by 2.45%
or Rs 172.00 from its previous closing of Rs 7012.00.The open interest
of the contract stood at 770 lots. The contract for November delivery
was trading at Rs 7290.00, up by 1.45% or Rs 104.00 from its previous
closing of Rs 7186.00. The open interest of the contract stood at 11575
lots on NCDEX. .
 Coriander futures declined on NCDEX as participants trimmed their
positions, tracking easing demand in the spot market. Further, rising
arrivals from major growing regions also fuelled the downtrend. The
contract for October delivery was trading at Rs 7141.00, down by
2.04% or Rs 149.00 from its previous closing of Rs 7290.00.The open
interest of the contract stood at 250 lots. The contract for November
delivery was trading at Rs 7350.00, down by 1.88% or Rs 141.00 from
its previous closing of Rs 7491.00. The open interest of the contract
stood at 10240 lots on NCDEX.
Soybean futures displayed a negative trend on NCDEX as
participants offloaded positions in line with a weak trend in overseas
markets. Besides, weakness in edible oils and expectation of higher
production too weighed on trading sentiments. India's soybean
production is likely to rise 57.2 percent in 2016 from a year ago to
10.88 million tonnes as yields have risen in all key-producing states
due to ample rainfall. The contract for October delivery was trading at
Rs 3048.00, down by 1.90% or Rs 59.00 from its previous closing of
Rs 3107.00. The open interest of the contract stood at 6860 lots. The
contract for November delivery was trading at Rs 3092.00, down by
1.02% or Rs 32.00 from its previous close of Rs 3124.00. The open
interest of the contract stood at 121070 lots on NCDEX.

5. Technical Outlook
5
SELL CORIANDER NOV BELOW 7375 TARGET 7330 7230 SL
ABOVE 7440
BUY GUARGUM5 NOV ABOVE 6820 TARGET 6870 6940 SL
BELOW 6750
BUY TURMERIC NOV ABOVE 7300 TARGET 7344 7404 SL
BELOW 7240

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