This weekly commodity report provides information on price movements and trading levels for various agricultural commodities. It notes that coriander and guargum futures declined on the NCDEX exchange due to increased arrivals and bearish short term trends. Turmeric futures traded higher due to pick up in demand. The report also provides recommendations to buy and sell various commodity futures contracts, and summaries recent commodity news headlines and spot price quotes from different locations in India.

1. WEEKLY AGRI COMMODITY REPORT
17 OCTOBER 2016
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2. Weekly Wrap Up
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
SEP 7670 7724 7270 7387 -4.06 14590
INTRADAY
LEVELS
SUPPORT SUPP.1
7194
SUPP. 2
7005
PIVOT
7459
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7648
RES. 2
7913
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTAN
CE
RES. 1
-
RES. 2
-
TURMERIC
SEP 6998 7428 6874 7242 3.31 29505
INTRADAY
LEVELS
SUPPORT SUPP. 1
6934
SUPP. 2
6627
PIVOT
7181
Turmeric short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7488
RES. 2
7735
GUARGUM
OCT 6900 6910 6590 6614 -4.13 49500
INTRADAY
LEVELS
SUPPORT SUPP. 1
6499
SUPP. 2
6384
PIVOT
6704
Guargum Short term
trend is bearish and
may continue in coming
days.RESISTAN
CE
RES. 1
6819
RES. 2
7024

3. Weekly Recommendations
3
BUY CORIANDER NOV ABOVE 7485 TARGET 7705 7975 SL BELOW 7225
SELL CORIANDER NOV BELOW 7230 TARGET 7010 6740 SL ABOVE 7380
BUY GUARGUM5 NOV ABOVE 6786 TARGET 6966 7216 SL BELOW 6526
SELL GUARGUM5 NOV BELOW 6590 TARGET 6410 6160 SL ABOVE 6790

4. Commodities In News
4
ECONOMIC NEWS
 The Government has decided to use postal network for distribution of
subsidized pulses and release more Chana from buffer stock to ensure
availability of these commodities at reasonable prices during ongoing
festival season. The committee reviewed availability and prices of
essential commodities specially pulses and suggested that in the absence of
Government outlets in the states postal networks should be export for the
distribution. It was observed that there are declining trends in the prices of
pulses in recent weeks. Prices some of the other commodities are stable.
The committee also reviewed procurement arrangements of Kharif pulses
by Government agencies. It was informed that so far 500 procurement
centres have been opened and farmers are being paid through check or
bank transfer instantly. The Government has set up procurement target of
50,000 MT for current Kharif pulses.
 The water storage available in 91 major reservoirs of the country for the
week ending on October 13, 2016 was 119.174 BCM, which is 76% of
total storage capacity of these reservoirs. This was 127% of the storage of
corresponding period of last year and 99% of storage of average of last ten
years. The total storage capacity of these 91 reservoirs is 157.799 BCM
which is about 62% of the total storage capacity of 253.388 BCM which is
estimated to have been created in the country. 37 Reservoirs out of these
91 have hydropower benefit with installed capacity of more than 60 MW.
The northern region includes States of Himachal Pradesh, Punjab and
Rajasthan. There are 6 reservoirs under Central Water Commission
(CWC) monitoring having total live storage capacity of 18.01 BCM. The
total live storage available in these reservoirs is 13.37 BCM which is 74%
of total live storage capacity of these reservoirs. The storage during
corresponding period of last year was 83% and average storage of last ten
years during corresponding period was 81% of live storage capacity of
these reservoirs.
 Turmeric futures traded higher on NCDEX due to pick-up in demand at
the spot market. Though, some gains were capped on arrival of medium and
poor quality turmeric from the producing belts. The contract for October
delivery was trading at Rs 7184.00, up by 2.45% or Rs 172.00 from its
previous closing of Rs 7012.00.The open interest of the contract stood at
770 lots. The contract for November delivery was trading at Rs 7290.00, up
by 1.45% or Rs 104.00 from its previous closing of Rs 7186.00. The open
interest of the contract stood at 11575 lots on NCDEX.
 Coriander futures declined on NCDEX as participants trimmed their
positions, tracking easing demand in the spot market. Further, rising arrivals
from major growing regions also fuelled the downtrend. The contract for
October delivery was trading at Rs 7141.00, down by 2.04% or Rs 149.00
from its previous closing of Rs 7290.00.The open interest of the contract
stood at 250 lots. The contract for November delivery was trading at Rs
7350.00, down by 1.88% or Rs 141.00 from its previous closing of Rs
7491.00. The open interest of the contract stood at 10240 lots on NCDEX.
 Jeera futures traded lower on NCDEX due to fall in domestic as well as
export demand at the spot market. Further, anticipation of good crop from
the producing regions in the next season too fuelled the downtrend. The
contract for October delivery was trading at Rs 16600.00, down by 0.69% or
Rs 115.00 from its previous closing of Rs 16715.00. The open interest of the
contract stood at 2676.00 lots. The contract for November delivery was
trading at Rs 16850.00, down by 0.85% or Rs 145.00 from its previous
closing of Rs 16995.00. The open interest of the contract stood at 11295.00
lots on NCDEX.
 Soybean futures edged lower on NCDEX, driven by increased arrival
pressure from the ongoing harvesting season and expectation of good crop is
keeping the prices bearish in spot markets. Further, cut in edible oil imports
taxes and lower export demand for soymeal also added pressure on soybean
prices. The contract for October delivery was trading at Rs 3132.00, down
by 2.88% or Rs 93.00 from its previous closing of Rs 3225.00. The open
interest of the contract stood at 14100 lots.

5. 5
NEWS RECAP
COMMODITY HEADLINES
 Government To Sell Chana At Subsidized Rates Through Postal Network
 With reservoirs full, Maharashtra on the way to plant record cane
 Water Storage In Major Reservoirs Up 27% On Year
 Government To Release More Chana From Buffer Stocks
 Large Cardamom Sikkim Physical Market Closed Weak
 Delayed Shipment May Influence Chana Price In Domestic Market Once Again
 Andhra Pradesh Complets 0.34 Lakh Ha. Caster Seed Sowing Area As on 12th Oct 2016
 Punjab Agricultural University signs MoU with FieldFresh to promote crop research
 M Prabhakar Rao appointed as member of Plant & Farmer Protection body
 Depleting green pastures, droughts make it an open field for animal feed firms
 Maharashtra may start crushing season from November 1; Devendra Fadanvis says will consider
demand

6. Spot quotes
6
Commodity Name Location Price
Ref Soya Oil Nagpur
660
Ref Soya Oil Mumbai
650
Soy Bean Indore
3040
Soy Bean Nagpur
3121
Soy Bean Kota
2925
Soymeal Indore
26000
Sugar M Grade Kolhapur
3608
Sugar M Grade Kanpur
3964
Sugar M Grade Muzaffar Nagar
3858
Sugar M Grade Delhi
3895
Sugar M Grade Kolkatta
3885
Turmeric Nizamabad 7550
Commodity Name Location Price
Barley Jaipur 1616.45
Chana Bikaner
7900
Chana Delhi
8111
Chana Indore
7923.35
Coriander Kota 7412.95
Cotton Kadi 19552
Guar Gum Jodhpur 6606
GUAR SEED 2 MT Jodhpur 3486
Guarseed Bikaner 3441
Jeera Unjha
17475
Mustard seed Jaipur
4719
Mustard seed Alwar
4694
Ref Soya Oil Indore 646

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