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1. DAILY AGRI COMMODITY REPORT
17 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 8112 8150 8030 8088 -0.39 8088
INTRADAY
LEVELS
SUPPORT SUPP. 1
8029
SUPP. 2
7969
PIVOT
8089
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8149
RES. 2
8209
CORIANDER
JUNE 7314 7430 7225 7299 -0.84 7299
INTRADAY
LEVELS
SUPPORT SUPP.1
7206
SUPP. 2
7113
PIVOT
7318
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
7411
RES. 2
7523
GUARGUM
JUNE 5290 5350 5210 5240 -0.38 13053
INTRADAY
LEVELS
SUPPORT SUPP. 1
5183
SUPP. 2
5127
PIVOT
5267
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5323
RES. 2
5407
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 5834 5696 +2.42
CORIANDER 7270 7346 -1.03
GUARGUM 5190 5240 -0.95
JEERA 16250 16550 -1.81
MUSTARD
SEED
4384 4328 +1.29
SOYABEAN 3882 3848 +0.88
TURMERIC 8550 8506 +0.52
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
GUAR GUM 20-05-2016 5190.00 -180.00 -3.35%
JEERA 20-05-2016 16250.00 -460.00 -2.75%
BARLEY 20-05-2016 1514.50 -15.50 -1.01%
CORIANDER 20-05-2016 7270.00 -62.00 -0.85%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CHANA 20-05-2016 5834.00 196.00 3.48%
TURMERIC 20-05-2016 8550.00 14.00 0.16%

4. Commodities In News
4
ECONOMIC NEWS
United Nation's International Fund for Agricultural Development ( IFAD
) will provide grants worth $150 million (about Rs 1,001 crore) to India in
the next three years to aid the farm sector, a top official said."IFAD will
invest $150 million in the next three years for the agriculture sector in
India," Oscar Garcia, Director, Independent Office of Evaluation (IOE),
IFAD told PTI.The Rome-based agency has been working in India since
1978. It has provided $17.7 billion in grants and low-interest loans to
projects reaching about 45.9 crore people in rural areas to reduce
poverty."We see that the projects take longer time to run, around 16
months on an average. That affects the performance of the overall project.
We understand the reasons why this happens, because we are working in
remote areas where sometimes the state capacity is not that strong," he
said.The agency has shared the concern with the government, and both of
them are working collectively on the issue.Garcia said IFAD wants to
make sure that benefits of its interventions in the rural areas remain once
the projects are over to ensure sustainability of the work. "I think better
convergence with the schemes and programmes of the government of India
is a very good way to ensure a better sustainability of benefits," Garcia
said.The Lead Evaluation Officer, IOE, IFAD Fabrizio Felloni said there is
a need for better linkages of farm produces with markets that will improve
the efficiency and make households self sufficient.Felloni said IFAD
projects in rural areas have been able to improve the material conditions of
the households and health of women , among others.The agency is also
introducing technological solutions so that farmers can fetch better prices
of their produces, he said."The Government of India assured funding in
public programmes. But we look more and more on quality and that the
projects are well targeted," Felloni said, adding it will communicate these
with state and central governments to scale up the projects in future.On the
recurring drought conditions in India, Garcia said there is a need for more
sustainable use of water resources in rural areas as well as more conscious
approach towards natural resources management.Besides, to reduce the
wastage of perishable produces in India due to lack of infrastructure, IFAD
is working with other UN agencies to fill the gap, he said.
Chana on NCDEX settled amid anticipation of limited supplies amid
lower production and expensive imports. In the third advance estimates
(May 2016), chana production is revised downwards to 7.5 mt from 8
mt forecasted in 2nd estimate (Feb 2016). Country imported over
79,000 lt of chana in Feb 2016 higher than 38,000 tones imports last
year in Feb. India has imported 9.93 lt of Chana until February in the
current financial year (Apr 2015-Feb 2016). To control the prices,
centre has asked states to impose stock holding limits for traders on all
varieties of pulses in order to curb hoarding.The Maharashtra
government demanded the Centre to release 10,000 tonnes of tur dal
immediately from the buffer stock to meet the requirement of pulses in
the state. Keeping in view the state's monthly tur demand of 7,000
tonnes, the state government had sought for 28,000 tonnes of the dal
from the buffer stock created by the Centre, but it has been offered only
7,000 tonnes. The pulses issue was raised by Maharashtra's Food and
Civil Supplies Minister Girish Bapat in a meeting with Union Food
Minister Ram Vilas Paswan.
Ref soy oil prices settled flat on higher supply in global market.
Prices of the oil were under pressure on higher supply as according to
April'16 WASDE, global Soy oil inventories stood at 3.73 million tons
up by 2.3% from last estimate. India's soyoil imports surged 68.44% to
321,975 tons in March compared to 191,150 tons for the same period a
year ago, data release from the Solvent Extractors Association (SEA)
of India showed.India's edible oil import bill is likely to rise by 15-20
per cent this oil year (November '15-October '16), on a sharp increase
in the price of crude palm oil (CPO) in global markets and a widening
supply deficit. A fall in production from local sources, and a spurt in
demand on subdued prices over the past year, has widened the deficit in
India. The country imported 14.5 million tonnes of vegetable oil (edible
and non-edible) worth Rs 60,000 crore in oil year 2014-15. This is
likely to rise to 16 mt worth Rs 75,000 crore by the end of the current
oil year in October.

5. 5
Fundamental Watch : Castorseed
CASTORSEED PRICES AT KEY SPOT
MARKET
National Market Update
Castor cash market traded almost steady despite continuous buying by oil
importers,taking advantage of lower price and higher seed arrivals in Gujarat's
various markets.Demand and supply side remain almost balanced. Over 1 lakh
bags seed arrived in various markets of Gujarat.Pressure is expected to
continue and seed price may slip by Rs 100 per qtl. fromcurrent level.
NCDEX has announced that it will pay money to those net sellers who
hadsold castor seed when castor seed contracts were suspended in January-
2016 as per announced formula.The exchange has announced the close out
price for the seed during that time.The person who had deposited seed in
exchange-accredited warehouses as hedgers at that time too would get money
as compensation.Protecting investors by paying them money is first such
move by any commodity derivative exchange.
India exported 9628.55MT castor oil during week ended 8thMay-2016 at an
average price of $1138.30 per MT. It is lower by 2.35.% from previous week.
The maximum and minimum prices were registered at $3793.77 and 910.44
per MT. Castor oil export would continue to stay steady as prices are lower
than normal expectation and availability is higher.
All India average price for castor seed decreased by 7.20 % from Rs 3558.35
to Rs 3301.88 perqtl during the week ended on 30th April-2016. However, it is
higher by 9.44% from the price registered during the second week of April.
When we compare average price of seed from April-2015, it rules lower by
5.35 % from current average price (Rs3301.88 per qtl.). Decrease in demand
for seed at higher level restricted firm tone during the week under review.
However, more dip is unlikely as pace for seed arrivals in markets has
declined.
CENTER 16-May-15 14-May-15 Change
SUMERPUR 3025 3050 -25
PATAN 3075 3125 -50
MEHSANA 3150 3140 +10
BHABAR 3110 3125 -15
HARJI 3125 3125 UNCH
RAJKOT NR 3155 -
KADI Closed 3190 -

6. Technical Outlook
6
SELL CORIANDER JUN BELOW 7275 TARGET 7230 7130 SL
ABOVE 7340
SELL GUARGUM JUN BELOW 5210 TARGET 5160 5090 SL
ABOVE 5270
SELL TURMERIC JUN BELOW 8070 TARGET 8026 7966 SL
ABOVE 8130

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