Turmeric and coriander futures traded lower due to easing demand and increased supplies, while guar gum futures traded higher due to tight stocks. Planting of kharif crops has fallen slightly due to uneven monsoon rains. Tamil Nadu cane farmers want to learn from pricing models in other states that link cane prices to sugar prices. Overall, most agricultural commodity futures showed mixed trends.

1. 11-September-2017
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WEEKLY AGRI COMMODITY REPORT

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
SEP 7510 7868 7510 7638 1.70 18000
INTRADAY
LEVELS
SUPPORT SUPP.1
7476
SUPP. 2
7314
PIVOT
7672
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7834
RES. 2
8030
CORIANDER
SEP 4925 4980 4586 4586 -6.88 32300
INTRADAY
LEVELS
SUPPORT SUPP.1
4454
SUPP. 2
4323
PIVOT
4717
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4848
RES. 2
5111
GUARGUM 5MT
OCT 8129 8335 7768 8264 1.66 114605
INTRADAY
LEVELS
SUPPORT SUPP.1
7909
SUPP. 2
7555
PIVOT
8122
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8476
RES. 2
7689
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP.1
-
SUPP.2
-
PIVOT
-
-
RESISTANC
E
RES. 1
-
RES. 2
-
Weekly Wrap Up
MONTH OPEN HIGH LOW CLOSE % CHG VOL
WEEKLY AGRI COMMODITY REPORT

3. Weekly Recommendations
BUY GUARGUM5 ABOVE 8400 TARGET 8450 8550 SL BELOW 8300
SELL GUARGUM5 BELOW 8050 TARGET 7950 7850 SL ABOVE 8150
BUY CORIANDER ABOVE 4700 TARGET 4750 4850 SL BELOW 4600
SELL CORIANDER BELOW 4550 TARGET 4500 4400 SL ABOVE 4650
WEEKLY AGRI COMMODITY REPORT

4. ECONOMIC NEWS
 Planting of kharif crops this season has slipped behind last year’s figure
largely due to uneven spread of rainfall during July-August sowing
months. According to latest numbers from the agriculture ministry, kharif crop
planting has covered 1,041.17 lakh hectare land from June up to September 8,
a 0.83% decline from 1,049.87 lakh hectares a year earlier. Pulses and oil
seeds saw the most decline, followed by rice and coarse cereals. Planting of
food crops suffered as farmers moved to more remunerative cash crop such
as cotton and sugarcane due to lucrative pricing. The government has set a
target of planting kharif crop on 1,058.62 lakh hectares this year. Meanwhile,
data from the weather department shows monsoon rainfall has been 5%
below normal so far this year. The agriculture ministry on Friday said area
under oilseeds, pulses, coarse cereals and rice contracted, while planting of
sugarcane and cotton expanded. The area of pulse cultivation dropped 3.92%
to 139.17 lakh hectares.
 Tamil Nadu's cane farmers are looking to understand the pricing structure
for cane in states like Maharashtra and Karnataka where the price of cane is
linked to that of the end-product sugar. A select group of farmers are keen on
undertaking a trip to one of the states where the market-linked sugarcane
pricing mechanism is in operation. In contrast, in Tamil Nadu and Uttar
Pradesh, farmers are insulated from the vagaries of the sugar market by
a system wherein mills pay farmers a fixed price over and above the
Centre's fair and remunerative price (FRP). “In the last tripartite meeting
held about two weeks ago, farmer members had requested that they be
facilitated to have an interaction with farmers in these states,“ according
to an industry member. The new formula makes farmers stakeholders in
the sugar production supply chain: if the sugar price plummets on a
global supply glut, they receive lesser on account of pricing pressure,
while their remuneration could surpass the FRP if the sweetener sells
for more.
 Turmeric futures showed mixed trend on NCDEX as the September
contracts traded lower on easing demand from retailers and stockists at the
spot market, while October contracts traded higher on tight stocks position
following fall in supplies from the producing belts. The contract for
September delivery was trading at Rs 7670.00, down by 0.16% or Rs 12.00
from its previous closing of Rs 7682.00. The open interest of the contract
stood at 3260 lots. The contract for October delivery was trading at Rs
7744.00, up by 0.16% or Rs 12.00 from its previous closing of Rs 7732.00.
The open interest of the contract stood at 10865 lots on NCDEX.
 Coriander futures traded lower on NCDEX as participants trimmed their
positions, tracking muted domestic as well as export demand in the spot
market. Further, increased supplies from major producing regions also
weighed on coriander futures. The contract for September delivery was
trading at Rs 4636.00, down by 1.93% or Rs 91.00 from its previous closing
of Rs 4727.00. The open interest of the contract stood at 13200 lots. The
contract for October delivery was trading at Rs 4908.00, down by 1.31% or
Rs 65.00 from its previous closing of Rs 4973.00. The open interest of the
contract stood at 33200 lots on NCDEX.
 Soyabean futures traded marginally higher on NCDEX as speculators
enlarged their positions on improved physical demand from oil mills and
lower acreage in the country, though reports of arrival of new season
soybean in Madhya Pradesh capped some gains. The contract for October
delivery was trading at Rs 3106.00, up by 0.75% or Rs 23.00 from its
previous closing of Rs 3083.00. The open interest of the contract stood at
43240 lots. The contract for November delivery was trading at Rs 3135.00,
up by 0.77% or Rs 24.00 from its previous closing of Rs 3111.00. The open
interest of the contract stood at 41670 lots on NCDEX.
Commodities In News
WEEKLY AGRI COMMODITY REPORT

5. NEWS RECAP
COMMODITY HEADLINES
 Area under kharif planting shrinks due to uneven rains
 Tamil Nadu cane farmers keen to take pricing lessons from Karnataka, Maharashtra
 Monsanto exits cotton seeds business in India
 India takes gloves off in battle with capricious weather
 Tea bonus talks have seen dragging on, affecting festive season sales
 Basmati millers in Punjab rue hike in mandi fee, RDF
 Floods dampen kharif outlook, but plentiful stocks to prevent shortfall
 Agriculture must attract youth, loan waivers no remedy: MS Swaminathan
 Commerce ministry to bring policy for agriculture exports soon: Suresh Prabhu
 Northern Bengal potato sector under trouble
 Kharif grain output may match last year's 138 mn tonnes: Government
WEEKLY AGRI COMMODITY REPORT

6. WEEKLY AGRI COMMODITY REPORT
Spot quotes
Commodity Name Location Price
Ref Soya Oil Nagpur
675
Ref Soya Oil Mumbai
675
Soy Bean Indore
3070
Soy Bean Nagpur
3186
Soy Bean Kota
2800
Soymeal Indore
25800
Sugar M Grade Kolhapur
3701.85
Sugar M Grade Kanpur
3840.45
Sugar M Grade Muzaffar Nagar
3735
Sugar M Grade Delhi
3834.3
Sugar M Grade Kolkatta
3935.1
Turmeric Nizamabad 7788.25
Commodity Name Location Price
Barley Jaipur 1470.85
Chana Bikaner
7900
Chana Delhi
8111
Chana Indore
7923.35
Coriander Kota 4840
Cotton Kadi 19959.25
Guar Gum 5MT Jodhpur 8085.2
GUAR SEED 2 MT Jodhpur 3827.5
Guarseed Bikaner 3775
Jeera Unjha
19440
Mustard seed Jaipur
3975
Mustard seed Alwar
3896.25
Ref Soya Oil Indore 660.85

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WEEKLY AGRI COMMODITY REPORT
Lovelesh
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Date: 2017-09-08 21:48+05:30