This daily commodity report provides information on price movements and technical analysis for various agricultural commodities. Turmeric, coriander, and guargum prices were down, while mentha oil, cardamom, and coriander prices increased. The report also discusses news items related to the use of drone technology for crop monitoring and tightened supply affecting mentha oil prices. Technical recommendations are given to sell specific commodities based on support and resistance levels.

1. DAILY AGRI COMMODITY REPORT
21 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
AUG 8310 8420 8282 8330 +0.43 -
INTRADAY
LEVELS
SUPPORT SUPP. 1
8268
SUPP. 2
8206
PIVOT
8344
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8406
RES. 2
8482
CORIANDER
AUG 7800 7930 7800 7823 +0.44 -
INTRADAY
LEVELS
SUPPORT SUPP.1
7772
SUPP. 2
7721
PIVOT
7851
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
7902
RES. 2
7981
GUARGUM
OCT 7530 7640 7250 7280 -1.89 -
INTRADAY
LEVELS
SUPPORT SUPP. 1
7140
SUPP. 2
7000
PIVOT
7390
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
7530
RES. 2
7780
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 9010 9020 -0.11
CORIANDER 8365 8118 +3.03
GUARGUM 7280 7420 -1.89
JEERA 18985 19025 -0.21
MUSTARD
SEED
4996 5000 -0.08
SOYABEAN 3738 3753 -0.4
TURMERIC 8330 8294 +0.43
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
REF SOYA OIL 19-08-2016 642.00 5.70 0.90%
CORIANDER 19-08-2016 7823.00 62.00 0.80%
TURMERIC 19-08-2016 8330.00 40.00 0.48%
BARLEY 19-08-2016 1619.50 5.50 0.34%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
GUAR GUM 20-10-2016 7280.00 -140.00 -1.89%
GUAR SEED 10 MT 20-10-2016 3866.00 -37.00 -0.95%

4. Commodities In News
4
ECONOMIC NEWS
The day is not far when drones would be seen over agricultural fields, not
for security, but to monitor crop and soil health. The Indian Council of
Agricultural Research (ICAR) through the Indian Agricultural Research
Institute (IARI) under a collaborative research project is developing
indigenous prototype for drone based crop and soil health monitoring
system using Hyperspectral Remote Sensing (HRS) sensors. This
technology could also be integrated with satellitebased technologies for
large scale applications. The project entitled "SENSAGRI: Sensor based
Smart Agriculture" is involving six partner institutes (Agriculture & IT) to
be funded by Information Technology Research Academy (ITRA),
Department of Electronics and Information Technology (DEITY), Ministry
of Communication and Information Technology (MCIT) and ICAR.
"Drone technology based Unmanned Aerial Vehicle (UAV) has ability for
smooth scouting over farm fields, gathering precise information and
transmitting the data on real time basis," Sudarshan Bhagat, Minister of
State for Agriculture and Farmers Welfare told Lok Sabha on Tuesday.
"This capability could be used for the benefit of farming sector at regional
or local scale for assessing land and crop health; extent, type and severity
of damage besides issuing forewarning, post-event management and
settlement of compensation under crop insurance schemes," he stated.
SENSAGRI proposes advanced proof-of-concept services i.e. yield and
biomass, tillage change, irrigation and advanced crop maps. The scientists
will develop algorithms and these will be developed and validated. "We are
currently working on the design of customised multi-rotors for remote
sensing of soil and crops. Also, we are analysing the requirement for
agricultural based payload for defining the specifications of a fixed wing
mini UAV. However several private firms are manufacturing similar
drones but our technology will be far more advanced. The drones will
capture a big area in a very less time. The mapping and analysis by drones
will be done at a very low cost," said Divya Sanghi working on
SENSAGRI at Delhi Technological University one of the institutes
associated with the project.
Mentha oil prices were up 1.48 per cent to Rs 947.70 per kg in
futures market today as participants enlarged their holdings on the back
of rising demand from consuming industries in the spot market. Tight
stocks position following restricted arrivals from major producing belts
of Chandausi in Uttar Pradesh also added support to mentha oil prices
uptrend. At the Multi Commodity Exchange, mentha oil for delivery in
July rose by Rs 13.90 or 1.48 per cent to Rs 947.70 per kg, clocking a
business volume of 1,429 lots. The oil for August delivery traded
higher by Rs 13.30 or 1.40 per cent to Rs 957 per kg with a trading
volume of 664 lots.
 Guargum prices surged by Rs 150 to Rs 7,160 per quintal in future
trade today as traders were raising their bets in line with firm trend in
spotMarkets.Marketmen said besides robust demand, tight supplies
from growing regions in spot markets, mainly encouraged traders to
built up long positions. Reports of lower planting this season due to
shifting of farmers to other profitable cash crops too influenced trading
sentiments, they added. At the National Commodity and Derivative
Exchange, guargum delivery for July contract spurted by Rs 150 or
2.14 per cent to Rs 7,160 per quintal with an open interest of 438 lots.
Cardamom prices rose by 0.43 per cent to Rs 895.50 per kg in futures
market today after speculators widened their positions supported by
rising demand in the spot market. Further, restricted supplies from
producing regions and rising domestic as well as export demand in the
spot market also fuelled the uptrend. At the Multi Commodity
Exchange, cardamom for delivery in August was trading higher by Rs
3.90 or 0.43 per cent to Rs 895.50 per kg in a business turnover of 43
lots. The spice for delivery in September gained Rs 3 or 0.33 per cent
to Rs 891.90 per kg in 30 lots.

5. Technical Outlook
5
SELL CORIANDER AUG BELOW 7822 TARGET 7777 7677 SL
ABOVE 7887
SELL GUARGUM OCT BELOW 7250 TARGET 7200 7130 SL
ABOVE 7310
SELL TURMERIC AUG BELOW 8400 TARGET 8356 8296 SL
ABOVE 8460

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