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1. DAILY AGRI COMMODITY REPORT
01 July 2016
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
JULY 8342 8342 8264 8302 -0.36 4585
INTRADAY
LEVELS
SUPPORT SUPP. 1
8263
SUPP. 2
8225
PIVOT
8302
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8341
RES. 2
8381
CORIANDER
JULY 7260 7336 7225 7225 -0.36 4280
INTRADAY
LEVELS
SUPPORT SUPP.1
7188
SUPP. 2
7151
PIVOT
7262
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
7299
RES. 2
7373
GUARGUM
JULY 5530 5730 5530 5690 -0.36 4585
INTRADAY
LEVELS
SUPPORT SUPP. 1
5570
SUPP. 2
5450
PIVOT
5650
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5770
RES. 2
5850
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 8032 7790 +3.11
CORIANDER 7225 7251 -0.36
GUARGUM 5690 5570 +2.15
JEERA 17990 18120 -0.72
MUSTARD
SEED
4766 4739 +0.61
SOYABEAN 3738 3738 +0.00
TURMERIC 8302 8332 -0.36
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-07-2016 17990.00 -115.00 -0.64%
TURMERIC 20-07-2016 8302.00 -38.00 -0.46%
BARLEY 20-07-2016 1565.50 -6.00 -0.38%
WHEAT 20-07-2016 1760.00 -4.00 -0.23%
CORIANDER 20-07-2016 7225.00 -10.00 -0.14%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CHANA 20-07-2016 8032.00 182.00 2.32%

4. Commodities In News
4
ECONOMIC NEWS
Farm recovery may be delayed despite a favourable monsoon this year
and India needs more such spells because drought in the last two years has
created much more severe stress, the latest report from India Ratings and
Research said.A complete recovery of the farm sector would require a
strong improvement in productivity, yield, acreage and minimum support
price (MSP), and successful implementation of various schemes announced
in the Budget, it said.The India weather office has projected better than
normal South-West monsoon for this year. In June, rainfall was less, but
the situation is expected to improve in July-August."Just one favourable
monsoon may prove quite inadequate to completely restore the farm
sector," Ind-Ra said in the report.That is because unlike the 2009 downturn,
the current cycle has so far seen almost five years of muted growth in not
just production and price, but acreage and crop yields, it said.As per the
report, the consecutive monsoon failures have created a much more severe
impact on the farm sector and tractor loans now than in 2009 and "hence, a
recovery is likely to be protracted".Noting that absence of significant
growth in irrigated area exposes several regions to the risk of an erratic
rainfall, the report said even after a favourable monsoon this year, chances
of a complete recovery in tractor loans and farm output may get hampered
if the next monsoon is not favourable."A complete recovery in the farm
sector may require more than two favourable monsoons, considering the
severity of current stress," it said.During the 2009 slowdown, the
production of all crops dropped 4 per cent year-on-year, the report
added.However, an over 25 per cent increase in MSP for both foodgrain
and non-foodgrain crops and nearly 4 per cent drop in key input cost --
diesel and fertiliser -- lessened farmers' burden.But in 2014 and 2015, not
only the production suffered, but the growth in MSP was low at a
compound annual growth rate (CAGR) of below 3 per cent.Even after
factoring in the reduction in diesel prices in the last two years, farmers' net
profit has been growing at a CAGR of below 10 per cent since 2014 and
hence, impact on farmers' income has been more pronounced, it observed.
Ref Soya Oil on NCDEX settled down on oversupply woes and on
weak demand. NOPA said soybean crushing for the month of May was
at 152.28 million bushels a year ago during the same time it was
148.416 million bushels. Moreover, USDA weekly sales reported net
sales of soyoil for 2015/16 jumped by 2% to 14,000 tons on week.
According to USDA soy oil stocks as of May 31 stood at 1.994 billion
lbs.Analysts had forecast soy oil stocks of 1.971 billion lbs. Stocks
were 1.578 billion lbs a year ago and 1.943 billion at the end of April.
Exports of oilmeals during May 2016 is reported at only 7,737 tons
compared to 121,339 tons in May 2015 - down by 94% according to
data compiled by Solvent Extractors' Association of India. The overall
export of oilmeals during April -May 2016 is reported at 97,779 tons
compared to 303,977 tons during the same period of last year, down by
68% due to lesser availability of oilseeds for crushing and continuous
disparity in exporting oilmeals in international markets.Oilmeal import
by South Korea from India during April-May 2016 is reported at
47,202 tons compared to 179,569 tons - consisting 10,302 tons of
rapeseed meal and 36,900 tons of castor meal.
Jeera on NCDEX settled up amid anticipation of improved export
demand in coming months. However upside seen limited on heavy
arrivals from the producing belts. Market is expecting higher orders
from China as adverse weather has hit production there. Supplies from
Turkey and Syria are expected to be lower. Industrial buyers have
already sourced sufficient quantity for the domestic requirements but
the export demand may pick up as prices have been going down since
last one month. In the next few months, the prices will depend on
export demand.As per third advance estimate of Gujarat State for 2015-
16, production is pegged at 213,000 ton up by nearly 7% from a year
ago. Last year, India exported 1,55,000 tonnes. Notably, the country’s
jeera exports have been on a decline since 2013-14 from 1,60,000
tonnes reported that year.

5. 5
Fundamental Watch : Sugar
SUGAR PRICES AT KEY SPOT MARKETNational Market Update
Market player, Agroconsult predicted a higher cane crop of 640 MT in
Brazil’s C.S region for 2017-18 (against 628 MT for 2016-17) on back of an
expanded planting and crop care next year in the region.
As per the weekly planting report by Ministry of Agriculture, the total sown
area under sugarcane cultivation in India had reached 44.38 lakh hectares in
2016-17 (till 24th June, 2016) compared to 41.58 lakh hectares in 2015-16 (till
24th June, 2015).
According to ISMA, Maharashtra’s sugar production for the year 2016-17 is
expected to decline to 4.5 MT in 2016-17 on the back of a severe drought
situation in the state.
The Karnataka Sugarcane Grower Association is demanding the Union govt.
to revise the state’s cane FRP (Fair & Remunerative Price) from Rs 2300/ ton
to Rs 3000/ton for MY 2015-16.
India exported 32.5 thousand tons of sugar for the week ending on 19th
June, 2016 which was 5% higher than the sugar exported last week by the
country.
The Thai Cane and Sugar Corp (TCSC) will be selling 1.09 lakh tons of raw
sugar (scheduled for shipment on March and May, 2017) via a tender on 28
June, 2016.
Datagro predicted a global sugar supply deficit of 6.2 MT in 2015-16 while
the deficit is expected to expand further in 2016-17 to 7.1 MT.
CENTER 29-Jun-16 28-May-16 Change
DELHI 3715 3700 +15
MUMBAI 3790 3796 -6
VIJAYWADA 3900 3900 UNCH
NAGPUR 3675 3700 -25
CHENNAI 3425 3425 UNCH
AMBIKAPUR 3035 3035 UNCH
DHAMPUR 3670 3655 +15

6. Technical Outlook
6
SELL CORIANDER JULY BELOW 7200 TARGET 7155 7055 SL
ABOVE 7265
BUY GUARGUM JULY ABOVE 5600 TARGET 5650 5720 SL
BELOW 5540
SELL TURMERIC JULY BELOW 8300 TARGET 8256 8196 SL
ABOVE 8360

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