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1. DAILY AGRI COMMODITY REPORT
17 November 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
DEC 9600 9948 9590 9900 +3.43 18050
INTRADAY
LEVELS
SUPPORT SUPP. 1
9677
SUPP. 2
9455
PIVOT
9813
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
10035
RES. 2
10171
CORIANDER
DEC 9762 10229 9762 10229 +4.00 7550
INTRADAY
LEVELS
SUPPORT SUPP.1
9917
SUPP. 2
9606
PIVOT
10073
Coriander short term
trend is bullish and May
continue in coming
days.RESISTAN
CE
RES. 1
10385
RES. 2
10540
GUARGUM
DEC 7350 7690 7460 7650 +0.79 11220
INTRADAY
LEVELS
SUPPORT SUPP. 1
7510
SUPP. 2
7370
PIVOT
7600
Guargum short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
7740
RES. 2
7830
CASTORSEED
DEC 4295 4345 4266 4321 +0.44 85450
INTRADAY
LEVELS
SUPPORT SUPP. 1
4276
SUPP. 2
4232
PIVOT
4311
Castorseed short term
trend is bullish and
May continue in
coming day.RESISTAN
CE
RES. 1
4355
RES. 2
4390

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4245 4240 +0.12
CHANA 5247 5046 +3.98
CORIANDER 9658 9287 +3.99
GUARGUM 7530 7460 +0.94
JEERA 15200 15060 +0.93
MUSTARD
SEED
4765 4637 +2.76
SOYABEAN 3811 3757 +1.44
TURMERIC 9650 9374 +2.94
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
REFINED SOY OIL 20-11-2015 596.50 -17.50 -2.85%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %

4. Commodities In News
4
ECONOMIC NEWS
Wheat sowing is lagging behind as the crop has been planted in only 2.76
lakh hectare so far in the ongoing rabi season due to lack of soil
moisture.Wheat acreage stood at 4.47 lakh hectare in the same period of the
rabi season last year.The sowing of rabi crops like wheat begins in October
and harvesting starts from April."As per preliminary reports on the sowing
of crops, sowing of rabi crops has started in some parts of the country.
Wheat has been sown/transplanted in 2.76 lakh hectares as on November
6," said an official release issued by the Agriculture Ministry.Farm experts
said wheat sowing will pick up pace after two-three spells of rains during
the Diwali festival. Right now, more farmers are not taking risk to sow
wheat due to lower soil moisture following poor monsoon rains.As per the
ministry's data, pulses have been sown in 28.65 lakh hectare so far in the
2015-16 rabi season, slightly lower than 29.73 lakh hectare in the year-ago
period.More area is expected to be covered under gram and masoor dals,
the main rabi pulses, in the coming days as the government has hiked the
minimum support price (MSP) of these two lentils by Rs 325 per quintal
each including a bonus of Rs 75 per quintal for this season.Coarse cereals
acreage has increased to 32.52 lakh hectare from 21.09 lakh hectare, while
area under oilseeds is lagging behind at 19.91 lakh hectare so far this rabi
season from 31.76 lakh hectare in the year-ago period.Total area covered
under all rabi crops is 83.95 lakh hectares as on today of this rabi season.
Machine-to-machine (M2M) communications can help save up to 18 to
20 per cent of product cost in agriculture and bring in revolutionary
changes in sectors like transport, healthcare and public
distribution."Technology can benefit in reducing capital losses of massive
magnitude. Introduction of M2M in agriculture supply chain alone can help
save up to 18 to 20 per cent of product cost," Communications and IT
Minister Ravi Shankar Prasad said during a consultative committee
meeting on M2M recently. Members of Parliament (MPs) attached to the
consultative committee said Asia being the fastest growing region for
M2M, India should take rapid strides to lay framework for establishment of
M2M network in the country .
Jeera settled down due to inactive buying from stockists in the
domestic market due to quality reason. Further, timely sowing on
favorable weather at the major producing regions of Gujarat and
Rajasthan too fuelled the downtrend. Though, some export enquiries,
capped some losses.However, timely sowing on favorable weather at
the major producing regions of Gujarat and Rajasthan keeping prices
steady. As per Department of commerce data, exports from India in
first four months of FY 2015-16 is 31,419 MT. Jeera exports from
India are likely to decline by about 40-45 per cent to around 85,000-
1,00,000 tonnes during 2015-16 compared to an estimated exports of
around 1,55,000 tonnes last year. Exports of the spice have been on a
decline since 2013-14 from 1,60,000 tonnes in that year.As per fourth
advance estimate of Gujarat State, production is expected at 1.58 lt in
2014-15, which is 54.3 % lower, compared to last years’ production of
3.46 lakh tonnes. Jeera sowing recorded 2.64 lh, 42% less sowing
compared to last year’s 4.54 lh in Gujarat last year.
Turmeric settled down due to the arrival of medium quality turmeric
at the spot market. Though, concerns over production on account of
erratic rainfall during monsoon, farmers shifting to other remunerative
crops like cotton & sunflower and demand from exporters for hybrid
yellow spice, capped some losses. As per latest data from Telengana’s
state agri dept, acreage has been put at 40830 ha versus 44623 ha a year
ago. Normal area is nearly 50000 ha. In AP, area crosses 13000 ha as
on 9th Sept. – lower than the general 14000 ha. Recent rains have
ensured sowing picking up in the region.Reports of crop damage from
unseasonal rains during sowing period too were there. Conversely,
there are reports that Erode is likely to compensate for the area decline
because of good irrigation facilities in the district. At Warangal market
sources reported arrivals at 100 bags, higher by 40 bags from previous
trading day. The demand for the hybrid turmeric was high in the Erode
turmeric market. Around 11,000 bags arrived and 6,800 were sold. Of
the total arrivals, the hybrid varieties comprised 2,000 bags.

5. 5
Fundamental Watch : Cotton
COTTON PRICES AT KEY SPOT MARKETNational Market Update
Cotton procurement by Government would be around 20 to 25 Lakh bales
this year against the 87 lakh bales during the last year, said Cotton Corporation
of India (CCI). As cotton prices are ruling above the MSP of Rs 4100 per
quintal in most of the cotton trading states of country, CCI would be buying
cotton at higher prices. Also the intervention of CCI is not necessary if farmers
are getting the genuine price i.e. prices over and above of MSP.
Cotton production in India during the season 2015-16 according to USDA
would be around 6.205 million tons (approx. 365 lakh bales), around 3.5%
lower when compared to the production of previous season which was 6.423
million tons (approx. 377.8 Lakh bales).
Maharashtra government has started the cotton procurement in state under
MSP scheme via Maharashtra State Cooperative Cotton-Growers Marketing
Federation. So far only three centers are operating in state but the numbers are
likely to reach 17 shortly and it may reach to 96 if CCI outsources its duty to
the federation. The chairperson said that during the previous season they
procured only 27 Lakh quintal of cotton, but this year they may buy up to 100
lakh quintal.
Despite the expectation of higher production this year, Cotton prices in
Maharashtra are ruling above the MSP of Rs 4100 per quintal. According to
the market participants, private traders have bought around 1.5 Lakh quintal of
cotton from the farmers at the prices of Rs 4150-4450 per quintal.
Global cotton imports estimates for season 2015-16 has been revised upward
by USDA to 7.479 million tons as compared to the estimate of 7.445 million
tons a month earlier.
CENTER 16-Nov-15 14-Nov-15 Change
RAJKOT 4340 Closed -
BHIWANI 4300 4350 -50
ADAMPUR 4125 4250 -125
AHMEDABAD 4100 Closed -
GONDAL 4295 Closed -
GUNTUR NA NA -
RAICHUR 4175 NA -

6. Technical Outlook
6
BUY CORIANDER DEC ABOVE 10230 TARGET 10270 10350 SL
BELOW 10180
BUY GUARGUM DEC ABOVE 7760 TARGET 7810 7880 SL
BELOW 7700
BUY TURMERIC DEC ABOVE 9950 TARGET 9994 10054 SL
BELOW 9890
BUY CASTORSEED DEC ABOVE 4345 TARGET 4370 4400 SL
BELOW 4320

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