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1. DAILY AGRI COMMODITY REPORT
24 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 7018 7030 6950 6980 -0.74 1075
INTRADA
Y LEVELS
SUPPORT SUPP.1
6943
SUPP. 2
6906
PIVOT
6986
Turmeric short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7023
RES. 2
7066
CORIANDER
SEP 7025 7030 6940 6996 -2.39 1510
INTRADAY
LEVELS
SUPPORT SUPP.1
6947
SUPP. 2
6898
PIVOT
6988
Coriander short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7037
RES. 2
7078
GUARGUM
OCT 6459 6640 6516 6525 -1.23 12495
INTRADAY
LEVELS
SUPPORT SUPP. 1
6480
SUPP. 2
6436
PIVOT
6560
Guargum short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6604
RES. 2
6684
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 6954 7082 -1.81
Guargum5MT 6549 6525 -1.23
Jeera 16905 16555 2.11
Mustard seed 4544 4565 -0.46
Soybean 3190 3188 -0.22
Turmeric 7176 7228 -0.28
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%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
20-12-2016 1925.00 -58.00 -2.92%
CORIANDER 18-11-2016 6954.00 -120.00 -1.70%
TURMERIC 18-11-2016 7176.00 -72.00 -0.99%
SOY BEAN 18-11-2016 3124.00 -20.00 -0.64%

4. Commodities In News
4
ECONOMIC NEWS
 Agriculture and industry must complement each other to accentuate
growth of economy and foster people’s prosperity, said Mr Pradip
Mazumdar, adviser to the chief minister of West Bengal on agriculture and
allied sectors, at the third Krishi Unnayan Mela organized by CII in
association with West Bengal’s department of agriculture, at the Mati
Tirtha ground in Burdwan on Friday. “The development of the farm sector
should form the basis of human development index. And that is exactly
what the West Bengal government has been following,” Mr Mazumdar
explained at the inaugural session. Mr Sanjeev Chopra, additional chief
secretary, agriculture, echoed the view saying there is absolutely no
competition between agriculture and industry, and for that matter services,”
said Mr Chopra. Mr B Sumant, chairman, agriculture & food processing
taskforce, CII Eastern Region & President – FMCG Business, ITC Ltd
stressed the need for optimum use of land and diversification of it and its
crops. He also dwelt upon the urgent need for handholding small farmers
and farm-based entrepreneurs in selling their produces and products in new
markets.
 The BJP-led NDA government is considering to take out the provisions
of contract farming from the model APMC Act of 2003 while including all
sources of farmer income into the model Act as it gears up to revise the the
decade old model Act which has failed to yield desired results. Instead, the
agriculture ministry in consultation with the states and government's think-
tank NITI Aayog will come out with a separate Contract Farming Act, on
the lines of Punjab and a fresh draft of themodel APMC Act to roll out the
series of reforms proposed by the Aayog for the otherwise politically
sensitive agriculture sector. The move comes after several states expressed
reservations on certain provisions of the existing Act and is part of the
government's initiative to double the farmer income in five years. "We will
re-look at the model APMC Act and come out with a fresh Act in three
months to completely liberalise the sector in a way that it addresses
concern.
 Soyabean futures edged higher on NCDEX due to good demand
from stockists. Though, arrivals of new season crop from major
producing belts of Madhya Pradesh, Rajasthan and Maharashtra capped
some gains in soyabean futures. The contract for November delivery
was trading at Rs 3139.00, up by 0.06% or Rs 2.00 from its previous
closing of Rs 3137.00.The open interest of the contract stood at 109970
lots. The contract for December delivery was trading at Rs 3203.00, up
by 0.25% or Rs 8.00 from its previous closing of Rs 3195.00.
 Turmeric futures traded lower on NCDEX on higher arrivals from
the producing regions. Though, some losses were capped on
expectation of fresh upcountry demand at the spot market. The contract
for November delivery was trading at Rs 7162.00, down by 0.91% or
Rs 66.00 from its previous closing of Rs 7228.00. The open interest of
the contract stood at 9520 lots. The contract for December delivery was
trading at Rs 6996.00, down by 0.51% or Rs 36.00 from its previous
close of Rs 7032.00.
 Coriander futures edged lower on NCDEX as speculators offloaded
their positions amid sluggish demand in the spot market. Further, rising
arrivals from major producing belts also influenced coriander futures.
The contract for November delivery was trading at Rs 6960.00, down
by 1.72% or Rs 122.00 from its previous closing of Rs 7082.00.The
open interest of the contract stood at 11980 lots. The contract for
December delivery was trading at Rs 6960.00, down by 2.89% or Rs
207.00 from its previous closing of Rs 7167.00.
Jeera futures edged higher on NCDEX on the back of tight supply
from the producing regions. Further, expectation of fresh export
demand at the spot market also added support to jeera prices’ uptrend.
The contract for November delivery was trading at Rs 16745.00, up by
1.15% or Rs 190.00 from its previous closing of Rs 16555.00.

5. Technical Outlook
5
SELL CORIANDER NOV BELOW 6954 TARGET 6909 6809 SL
ABOVE 7019
SELL GUARGUM5 NOV BELOW 6515 TARGET 6465 6395 SL
ABOVE 6585
BUY TURMERIC NOV ABOVE 7200 TARGET 7244 7304 SL
BELOW 7140

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