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1. DAILY AGRI COMMODITY REPORT
28 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 8328 8328 7972 8040 -2.99 13530
INTRADAY
LEVELS
SUPPORT SUPP. 1
7899
SUPP. 2
7757
PIVOT
8113
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8255
RES. 2
8469
CORIANDER
AUG 8050 8050 7927 7995 -0.06 6940
INTRADAY
LEVELS
SUPPORT SUPP.1
7931
SUPP. 2
7868
PIVOT
7991
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
8054
RES. 2
8114
GUARGUM
OCT 6780 6890 6600 6780 - 37862
INTRADAY
LEVELS
SUPPORT SUPP. 1
6623
SUPP. 2
6467
PIVOT
6757
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
6913
RES. 2
7047
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 8028 8362 -3.99
CORIANDER 7995 8000 -0.06
GUARGUM 6780 6780 -
JEERA 19400 19660 -1.32
MUSTARD
SEED
4861 4894 -0.67
SOYBEAN 3620 3600 +0.56
TURMERIC 8040 8288 -2.99
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
SOY BEAN 20-10-2016 3620.00 20.00 0.56%
GUAR SEED 10 MT 20-10-2016 3765.00 19.00 0.51%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CHANA 19-08-2016 8028.00 -334.00 -3.99%
TURMERIC 19-08-2016 8040.00 -238.00 -2.88%
JEERA 19-08-2016 19400.00 -265.00 -1.35%
SUGAR M GRADE 20-10-2016 3846.00 -27.00 -0.70%

4. Commodities In News
4
ECONOMIC NEWS
 Soybean traders and processors expect better domestic and overseas
sales this year on the back of increased area under cultivation and sufficient
rainfall. The crop has been planted on 10.61 million hectares of land, a 1.2
per cent increase over the previous year. Traders and processors expect
prices to fall once the crop is harvested, as the current price of Rs 3,700 a
quintal is unlikely to support exports. "Export of soyameal and other value
added products will be better than last year, and so will domestic
consumption from poultry industry, with hope of a good crop," said
Satendra Aggarwal, operations head at Ruchi Soya Industries. In 2015-16,
soybean production stood at 7- 7.5 million tones, down from 2013-14's
level of 11-12 million tones. The industry says that if the monsoon rains in
September were equally distributed and were not heavy then production in
2016-17, could cross 9 million tones. "Countries like Iran, Middle East and
China want Indian soyameal crop as we are non GMO," said
Aggarwal. Soybean, a major source of protein, is processed to obtain 82
per cent soyameal, which is widely used in the animal feed industry, and 18
per cent soya oil. "This year, we can easily export 3-4 million tones of
soyameal, compared with 0.4 million tones in the previous year. We are
requesting the government to increase custom duty on imported oil as
Indian meal prices will decrease and we can further export," said Davish
Jain, chairman of Soybean Processors Association of India. The current
import duty on crude soybean oil is 12.5 per cent, which industry feels
should be above 30 per cent. Jain said orders from Iran, a traditional
market, might pick up after the Prime Minister Narendra Modi's historic
visit to the country in May. Soybean traders and processors said they are
watching global prices and the monsoon. "In the last one year, the
international market crashed due to a bumper crop of 275 million tones
worldwide, largely in the US, Brazil, Argentina and China. Prices have
now crashed and come down to $400 a tone, compared with Indian price at
$500-550 a tone for soyameal," said a trader from an MNC based in
Mumbai.
 The Centre’s renewed move against hoarders, stockiest and sluggish
demand have arrested uptrend in chana with chana (kanta) declining to
₹8,150-8,200 a quintal, while chana (desi) declined to ₹8,100. chana
(mausmi) on the other hand ruled at 8,200, while Kabuli Bitki quoted at
₹8,500 a quintal. Chana dal on the other hand remained firm on
subdued buying with chana dal (average) being quoted at 10,500-600,
chana dal (medium) at 10,700-800, while chana dal (bold) quoted at
10,900-11,000 respectively. Weak arrival today perked up dollar chana
today to 11,500 a quintal notwithstanding slack demand. In container
however, dollar chana traded lower on slack export demand with dollar
chana (44/46 count) quoted at 12,200-300 a quintal (13,000 last week).
Dollar chana (58/60 count) ruled at 11,300-400 ( 12,100 last week),
while dollar chana (60/62 count) quoted at 10,100 a quintal
respectively.
 India is set to register its highest cotton imports in 2015-16 as
domestic supplies have dwindled due to two consecutive droughts in
the country, trade sources said. India is likely to import more than 15
lakh bales (each of 170 kg) of cotton as against the previous import
high of 14.6 lakh bales in 2012-13. "We are going to import record
cotton this year," said Atul Asher, secretary at Indian Cotton
Federation. "It will be more than 15 lakh tonne.“ Traders said 7-8 lakh
bales have already been imported and that the total imports could go up
to 18 lakh bales. Projection of decline in cotton acreage, lower sowing
acreage in Gujarat coupled with tight supplies in the physical market
added to the bullish sentiments in the market. India's cotton production
in 2015-16 is expected to decline to 338 lakh bales from 386 lakh bales,
a fall of more than 12 per cent. According to India Ratings and
Research, profitability of ginners and spinners is expected to see a 15
per cent fall due to a sharp rise in cotton prices. The government has
asked Cotton Corporation of India (CCI) to sell its stock to the
medium, small and micro enterprises (MSME) as prices have increased
substantially since June.

5. Technical Outlook
5
SELL CORIANDER AUG BELOW 7940 TARGET 7895 7795 SL
ABOVE 8005
SELL GUARGUM OCT BELOW 6760 TARGET 6710 6640 SL
ABOVE 6820
SELL TURMERIC AUG BELOW 8000 TARGET 7956 7896 SL
ABOVE 8060

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