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1. DAILY AGRI COMMODITY REPORT
19 April 2016
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
MAY 8330 8440 8250 8390 -0.12 9570
INTRADAY
LEVELS
SUPPORT SUPP. 1
8280
SUPP. 2
8170
PIVOT
8360
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8470
RES. 2
8550
CORIANDER
MAY 6850 7037 6850 7037 +3.99 6110
INTRADAY
LEVELS
SUPPORT SUPP.1
6912
SUPP. 2
6788
PIVOT
6975
Coriander short term
trend is bullish and May
continue in coming
days.RESISTAN
CE
RES. 1
7099
RES. 2
7162
GUARGUM
MAY 5970 5980 5810 5920 +0.85 17035
INTRADAY
LEVELS
SUPPORT SUPP. 1
5827
SUPP. 2
5733
PIVOT
5903
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5997
RES. 2
6073
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 5315 5111 +3.99
CORIANDER 7235 6957 +4.00
GUARGUM 5900 5820 +1.37
JEERA 16115 15870 +1.54
MUSTARD
SEED
4530 4411 +2.70
SOYABEAN 4170 4151 +0.46
TURMERIC 8650 8620 +0.35
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
REF SOYA OIL 20-04-2016 645.80 -2.70 -0.42%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %

4. Commodities In News
4
ECONOMIC NEWS
India's onion output is estimated to touch a new record at 203 lakh tonnes
in 2015-16 crop year as favourable weather and better prices boosted
acreage and crop yields, a government research body has said.onion output
had dropped to 189.2 lakh tonnes in 2014-15 crop year (July-June) due to
poor rains. The previous record was 194 lakh tonnes in 2013-14.onion
output had dropped to 189.2 lakh tonnes in 2014-15 crop year (July-June)
due to poor rains. The previous record was 194 lakh tonnes in 2013-14.
"Onion production is going to be a record at 203 lakh tonnes this year.
Better prices during the kharif (summer) season encouraged farmers to
bring more area under onion in the rabi (winter) season," National
Horticultural Research and Development Foundation (NHRDF) Director R
P Gupta told a leading newspaper.Favourable climatic conditions have also
encouraged the rabi crop prospects and yields are expected to be better than
last year, he said, adding unlike last year, there were no unseasonal rains
and hailstorm this time.Onion has been grown in 12 lakh hectare this year,
slightly higher than 11.73 lakh hectare last year.Stating that rabi onion crop
condition is good at present, the NHRDF chief said total rabi output is
estimated to be higher by 15-20 per cent as compared to year ago."The
harvesting of rabi crop started in Maharashtra, Gujarat and Madhya
Pradesh. It is only rabi onion which is stored for use in lean season.
Farmers and traders have started storage of onion," Gupta said.Around 45
lakh tonnes of expected to be stored in the current year due to availability
of good quality of onion bulb in the market, he added.On prices, Gupta said
farmers are getting an average Rs 8 per kg in Lasalgaon in Maharashtra,
Asia's biggest wholesale market for onion and earning minimum 20 per
cent profit over the cost of production.Nearly 60 per cent of India's annual
output comes from the rabi season, while the kharif and late-kharif sowing
seasons contribute 20 per cent each.Rabi onion is grown in almost all
states, but major growing states are Maharashtra, Gujarat, Madhya Pradesh,
West Bengal, Bihar, Rajasthan, Odisha, and Uttar Pradesh.National Bank
for Agriculture and Rural Development has recorded the highest ever
business level of Rs 13,509 crore in 2015-16, the bank said.
Turmeric on NCDEX settled up as market participants expect good
domestic demand and export demand on good quality arrivals from the
producing belts. Turmeric arrivals have been higher in Feb and March
compared to last year as per data. 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 until
Jan 2016 pegged at 69,864 tonnes while the export for the 2014-15 is
90,738 tonnes compared to 77,430 tonnes in FY14. As on latest sowing
data, turmeric sowing in AP, Telangana is lower than the normal
sowing. Spot turmeric price at Erode markets decreased following a
decline in prices of the spice in futures markets. Traders have received
one or two fresh demand from North India and also were getting
medium quantity arrival for sale. Further the price of the turmeric
decreased in the futures, so the traders quoted lesser price and
purchased the same. Around 10,700 bags arrived and 7,000 bags were
new turmeric.
Chana on NCDEX settled up on fear of lower-than-expected
production coupled with high domestic demand from the food industry.
Stockists and traders along with government hasten its procurement for
buffer stock Market participants are expecting good spot demand in
coming months. In 2015-16, chana imports touched a record high,
surpassing the previous record of 7 lt in 2012-13.Moreover, imports in
December 2015 and January 2016 were more than 5.37 lt again a
record for a consecutive two-month period. During the current
marketing year, more than 71 per cent or 6.5 lt of chana was imported
from Australia followed by 1.65 lt from Russia. Tanzania, Ethiopia,
Myanmar and Canada are the other countries that shipped chana to
India. This rise in imports failed to check the price, as the imports were
expensive due to the 6.2 per cent depreciation of the rupee against the
dollar between October 2015 and February 2016. Chickpea prices in
Australia touched new highs this year due to high demand from India
as dry weather threatened production for the second successive year.

5. 5
Fundamental Watch : Castorseed
CASTORSEED PRICES AT KEY SPOT
MARKET
National Market Update
All India average prices of Castor seed increased by 2.22 % to Rs 3016.01
per qtl week on week basis. It was being traded at Rs 2950.54 per qtl. during
the week ended 8th April-2016. Lower arrival, fresh demand from stockiests
and improved import demand have lent support to cash market fundamentals.
In Patan market, castor seed prices are likely to trade down in near term.
Stock of castor seed is likely to increase by 20,000 bags compared to
corresponding period of last year. Last year castor seed stock was around 4
lakh bags.
India exported 8909 MT castor oil during week ended 10th April-2016 at an
average price of $1051.86 per MT. It is higher by 14.5% from previous week.
However, price realization has decreased by 7.67 % from last week. The
maximum and minimum prices were registered at $1548.94 and 954.6 per MT.
Castor oil export would continue to stay steady as prices are lower than
normal expectation and availability is higher. Major importers like USA and
China are stocking oil taking advantage of lower price.
Market is expected to move up at from current level as farmers are unwilling
to sell below Rs 600 per 20 kg. If prices decrease below Rs 600/20 kg, they
may prefer to retain stock than to sell it at lower price. Current average price
of seed is ruling lower by 4.83 % from the first week ofApril-2015.
Total area under Castor crop in India for the year 2015-16 is 1,136,300
hectares. Estimated total production of Castor Seeds in India for the year
2015-16 would be 13,97,000 tonnes (Area as per Government Area
Estimates)Average yield for the year 2015-16 is 1229 kg/hectare.
CENTER 18-Apr-15 16-Apr-15 Change
SUMERPUR 3175 3200 -25
PATAN Closed 3100 -
MEHSANA Closed 3075 -
BHABAR Closed 3090 -
HARJI 3105 3075 +30
RAJKOT Closed 3140 -
KADI Closed 3125 -

6. Technical Outlook
6
BUY CORIANDER MAY ABOVE 7040 TARGET 7085 7185 SL
BELOW 6975
SELL GUARGUM MAY BELOW 5910 TARGET 5860 5790 SL
ABOVE 5970
SELL TURMERIC MAY BELOW 8346 TARGET 8302 8242 SL
ABOVE 8406

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