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1. DAILY AGRI COMMODITY REPORT
19 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 9890 10010 9744 9848 -0.08 18185
INTRADAY
LEVELS
SUPPORT SUPP. 1
9725
SUPP. 2
9601
PIVOT
9867
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
9991
RES. 2
10133
CORIANDER
DEC 10251 10645 10235 10645 +4.00 10840
INTRADAY
LEVELS
SUPPORT SUPP.1
10372
SUPP. 2
10098
PIVOT
10508
Coriander short term
trend is bullish and May
continue in coming
days.RESISTAN
CE
RES. 1
10782
RES. 2
10918
GUARGUM
DEC 7430 7520 7340 7470 +0.40 10371
INTRADAY
LEVELS
SUPPORT SUPP. 1
7327
SUPP. 2
7233
PIVOT
7503
Guargum short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
7597
RES. 2
7773
CASTORSEED
DEC 4287 4294 4165 4221 -1.70 166770
INTRADAY
LEVELS
SUPPORT SUPP. 1
4159
SUPP. 2
4098
PIVOT
4227
Castorseed short term
trend is bullish and
May continue in
coming day.RESISTAN
CE
RES. 1
4288
RES. 2
4356

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4154 4242 -2.07
CHANA 5420 5404 +0.30
CORIANDER 10158 9768 +3.99
GUARGUM 7360 7360 -
JEERA 15540 15400 +0.91
MUSTARD
SEED
4730 4722 +0.17
SOYABEAN 3850 3816 +0.89
TURMERIC 9612 9696 -0.87
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CASTOR SEED NEW 20-11-2015 4154.00 -79.00 -1.87%
TURMERIC 20-11-2015 9612.00 -68.00 -0.70%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CORIANDER 20-11-2015 10158.00 378.00 3.87%
COTTON SEED OIL CAKE
AKOLA
18-12-2015 1701.00 37.00 2.22%
SOYABEAN 20-11-2015 3850.00 45.00 1.18%
BARLEY 20-11-2015 1532.00 12.00 0.79%
JEERA 20-11-2015 15540.00 90.00 0.58%
CHANA 20-11-2015 5420.00 29.00 0.54%

4. Commodities In News
4
ECONOMIC NEWS
The government decided to pay a production-linked subsidy of Rs 4.50
per quintal directly to cane farmers in the 2015-16 season to help cash-
starved sugar mills clear arrears -- a move that would cost the exchequer
about Rs 1,147 crore.The decision in this regard was taken by the Cabinet
Committee on Economic Affairs.Sugar mills are facing a liquidity crunch
due to low prices of the sweetener in retail markets. The millers owe about
Rs 6,500 crore to cane farmers."In order to further reduce arrears and
support cane growers, the government has taken out a WTO-compliant
scheme. Production subsidy will be given to offset the cost of cane and
facilitate the timely payment of cane prices to farmers," Power and Coal
Minister Piyush Goyal told reporters after the CCEA meeting."The
proposal will entail giving production subsidy directly to cane growers at
Rs 4.50 per quintal of cane crushed for the production of
sugar."Eventually, this will help liquidate some of the sugar stocks and
meet the export target at least to the extent of 80 per cent, he added.Goyal
said, the production subsidy "will entail a benefit of about Rs 1,147 crore
directly to cane farmers".The Food Ministry had proposed a production
subsidy of Rs 4.75 per quintal out of the cane FRP (fair and remunerative
price) of Rs 230 per quintal for the 2015-16 season (October-
September).The ministry had proposed payment of production subsidy
from the Sugar Development Fund (SDF) directly to dedicated bank
accounts of farmers.
India, which has had a big impact on global sugar prices because of
swings between being a net importer and a net exporter of the sweetener, is
set for a sustained period as a net exporter in coming years, a senior
industry official said.Barring an extreme weather event, the world's second-
biggest sugar producer and the top sugar consumer is set to cement its
position as a net exporter because of remunerative sugarcane prices, the
director general of the Indian Sugar Mills Association (ISMA), Abinash
Verma, told an industry seminar.The Indian sugar industry is becoming
structurally a surplus producer, Verma said in a keynote address to the two-
day International Sugar Organization (ISO) seminar.
Chana settled down on profit booking after earlier gaining as demand
started rising on the domestic and export front amidst falling stocks.
But, some gains were capped as the Ministry of Consumer Affairs and
Food & Public Distribution is continuously reviewing the prices of
pulses & taking necessary actions to regulate. In a recent measure, the
government offloaded over 4,660 tonnes of hoarded pulses seized in
five states to augment availability and stabilise prices.Recently,
Maharashtra has exempted stock limit for pulses importers but once it
sells the imported pulses to a wholesaler, the limit will become
applicable. The Agriculture Ministry has sought inter-ministerial
comments on a proposal to create a buffer stock of 3.5 lakh tonnes of
pulses in 2015-16 crop year. The sowing of chickpea has already begun
and early trends suggest that acreage under this main pulses crop is set
to make a significant gain this season. Wet weather in Australia has
spurred an "aggressive" rise in chickpea prices at Aus$810 a tonne
from $790 a week ago.The Center said that 6,077 DE-hoarding raids
had been carried out across India in an effort to rein in the prices of
pulses.
Turmeric settled down due to arrival of medium quality turmeric at
the spot market. However, some losses were capped by active buying
support from stockiest in the spot market in order to meet their future
requirement and incidence of diseases found in patches of turmeric
fields in the Salem district and in nearby districts of Tamil Nadu along
with a yield reduction. Good rains in second part of September in
southern peninsula region may enhance the turmeric production and
quality but lower area in Telangana may reduce production this year.As
per dept of commerce data, turmeric exports during April-Aug, 2015
pegged at 38,774 tonnes while the export for the 2014-15 is 90,738
tonnes compared to 78,360 tonnes in FY14. As on latest sowing data,
turmeric sowing In AP, is recorded at 15,864 hectares increase over last
years’ acreage as well normal sowing area progress however in
Telangana, the sowing area is lower than the normal sowing area at
40,823 hac compared to 43,470 hac last year.

5. 5
Fundamental Watch : Castorseed
CASTORSEED PRICES AT KEY SPOT
MARKET
National Market Update
Agriculture statistics Division, DES has released its 1st Adv estimates of
Production of food-grains for 2015-16 on 16.09.2015.It has estimated 19.44
lakh tonne seed production this year. The production target for 2015-16 has
been fixed at 20.34 lakh ton. India has produced 19.63 lakh tonne castor seed
in 2014-15 as per revised 1st Adv estimate. Private trade estimate for the year
is much lower and is between 15 to 16 lakh tonne for 2015-16.However,it is
too early to talk about the final size as sowing is just over.
Castor coverage area as on 8th Oct-2015 was reported at 11.02 lakh ha,
higher by 0.82 lakh ha from corresponding date last year.I t was registered at
10.19 lakh ha on 8th oct-2014.Rajasthan has covered 1.98 lakh ha, higher by
32.89 percent from last year. Gujarat has covered 6.4 percent higher area to
7.81 lakh ha. Coverage area has increased by6.67 percent to 0.48 percent.
Castor Oil export decreases By 78.30 percent to 3935.43 Tonne during the
week ended 15,Nov- 2015.Castor oil exporters realized 1.26 percent higher
price from previous week.Average price was registered at $1378.50 per tonne
last week. Before this average price was realised at $1361.07 per tonne.As
seed prices have recovered, FoB quote may move up. However demand for oil
has decreased considerably. There was No castor meal export last week.
Despite 35% lower post monsoon rain fall castor crop is in good condition in
Gujarat and Rajasthan. Plants are in growth stages and there is no report of
any pest attack at early growth stage. Under normal condition production is
expected to cross last year 's level of 12 lakh tonne and may cross 15 lakh
tonne this year. In spite if higher production prospects seed price would
continue to trade up as stockists are unwilling to release stock before
December. New crop is four months away from now and it may provide
opportunity for stockists to drag market up in their own favor.
CENTER 17-Nov-15 16-Nov-15 Change
SUMERPUR 3925 3900 +25
PATAN 4100 4075 +25
MEHSANA 4050 4040 +10
BHABAR 4075 4070 +5
HARJI 4090 4080 +10
RAJKOT 3940 4030 -90
KADI Closed Closed -

6. Technical Outlook
6
BUY CORIANDER DEC ABOVE 10650 TARGET 10690 10770 SL
BELOW 10600
BUY GUARGUM DEC ABOVE 7520 TARGET 7570 7640 SL
BELOW 7460
BUY TURMERIC DEC ABOVE 9872 TARGET 9916 9976 SL
BELOW 9812
BUY CASTORSEED DEC ABOVE 4230 TARGET 4255 4285 SL
BELOW 4205

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