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1. DAILY AGRI COMMODITY REPORT
22 January 2016
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 8680 8712 8152 8230 -5.10 23015
INTRADAY
LEVELS
SUPPORT SUPP. 1
8017
SUPP. 2
7805
PIVOT
8365
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8577
RES. 2
8925
CORIANDER
APR 6610 6741 6471 6625 -1.38 5790
INTRADAY
LEVELS
SUPPORT SUPP.1
6484
SUPP. 2
6342
PIVOT
6612
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
6754
RES. 2
6882
GUARGUM
FEB 5840 5900 5690 5840 +0.17 12159
INTRADAY
LEVELS
SUPPORT SUPP. 1
5720
SUPP. 2
5600
PIVOT
5810
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5930
RES. 2
6020
CASTORSEED
FEB 3425 3435 3361 3365 -1.95 57710
INTRADAY
LEVELS
SUPPORT SUPP. 1
3339
SUPP. 2
3313
PIVOT
3387
Castorseed short term
trend is bearish and
May continue in
coming day.RESISTAN
CE
RES. 1
3413
RES. 2
3461

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3365 3432 -1.95
CHANA 4253 4275 -0.51
CORIANDER 6625 6718 -1.38
GUARGUM 5840 5830 +0.17
JEERA 13560 13720 -1.17
MUSTARD
SEED
4004 4053 -1.21
SOYABEAN 3762 3808 -1.21
TURMERIC 8230 8672 -5.10
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TURMERIC 20-04-2016 8230.00 -400.00 -4.63%
CASTOR SEED NEW 19-02-2016 3365.00 -61.00 -1.78%
COTTON SEED OIL CAKE
AKOLA
19-02-2016 2038.00 -33.00 -1.59%
SOYABEAN 19-02-2016 3762.00 -47.00 -1.23%
RAPESEED-MUSTARD
SEED
20-04-2016 4004.00 -49.00 -1.21%
CORIANDER 20-04-2016 6625.00 -75.00 -1.12%
JEERA 18-03-2016 13560.00 -145.00 -1.06%
CHANA 20-04-2016 4253.00 -31.00 -0.72%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
BARLEY 20-04-2016 1428.50 18.50 1.31%

4. Commodities In News
4
ECONOMIC NEWS
The government must announce minimum support price (MSP) for
pulses in advance, create assured market for farmers and procure the entire
produce as it is done in the case of paddy and wheat, a parliamentary panel
has recommended to push the production of pulses in the country.In its last
meeting, members of the consultative committee on food and consumer
affairs also suggested the governmentannounce MSP before harvesting
starts and bring the supply of pulses to people under public distribution
system ( PDS), particularly to those living below poverty line (BPL).In its
last meeting, members of the consultative committee on food and consumer
affairs also suggested the government announce MSP before harvesting
starts and bring the supply of pulses to people under public distribution
system ( PDS), particularly to those living below poverty line (BPL).In
fact, the import of pulses in recent years has increased from 3 million tonne
to 5 million tonne. This is likely to go up as the sown area under pulses has
so far been 136.4 lakh hectares in comparison to 140 lakh hectares.In fact,
the import of pulses in recent years has increased from 3 million tonne to 5
million tonne. This is likely to go up as the sown area under pulses has so
far been 136.4 lakh hectares in comparison to 140 lakh hectares.A couple
of members of the parliamentary panel said unless there is an increase in
production, there is little hope of dal remaining affordable throughout the
year. "When we produce 80% of the world's total pulses how can we find a
solution to our problem by importing from other countries?" one of them
asked.Sources said some of the members of the parliamentary panel have
also suggested that government should reduce import of pulses and rather
spend the saved amount to provide aid to growers in the form of providing
seeds and fertiliser at cheaper rate. They have argued that the cost of
production has gone up in recent years.The members have also
recommended that procurement from farmers should be at market price.
Chana settled flat as prices recovered from lows on lower buying
support from millers and stockists as they were waiting for the actual
crop report. Moreover, return of winter and expectations of increased
supplies from imported chana weigh on prices. This year chana is sown
in 3.5 per cent higher acreage at 83.67 lakh tonnes (lt), compared with
80.84 lt last year, as per data release by Agriculture Ministry.The
acreage under chana reported higher in Maharashtra (14 lh Vs 10.6 lh),
Andhra Pradesh (3.32 lh Vs 2.67 lh) and Karnataka compared to last
year’s acreage but slightly lower in Rajasthan (12.35 lh Vs 12.56 lh)
and MP as per data released by respective state agriculture department.
India has imported 3.07 lt of Chana until September in the current
financial year. Meanwhile, India's pulses import during first half of this
fiscal rose 14.2% to 22.5 million ton due to fall in domestic output
caused by poor monsoon for the second successive years. During Apr-
Sep 2014, India imported 1.97 million ton pulses, government data
showed. Also, India's gram sowing stood at 7.51 million hectare as
compared to 7.29 million hectare same period a year ago.
Ref Soya oil settled down due to profit booking amid over supply
following higher imports data. As per latest SEA data, edible oils
import rose to 14.07 lt in December last year from 11.23 lt in
December 2014. However, imports of non-edible oils fell to 11,467
tonnes from 17,996 tonnes in the year-ago period. Earlier, the
Agriculture Ministry has proposed further hike in import duty of edible
oils by 5 per cent in a bid to protect the interest of farmers, but the
decision is still pending.The Ministry has proposed increase in import
duty on crude edible oils to 17.5 per cent and on refined edible oils to
25 per cent from the existing level. In order to curb imports and protect
domestic oilseeds farmers and processing mills, the government had in
September last year raised import duty on crude edible oils to 12.5 per
cent from 7.5 per cent, while the duty on refined edible oils was
increased to 20 per cent from 15 per cent.

5. 5
Fundamental Watch : Castorseed
CASTORSEED PRICES AT KEY SPOT
MARKET
National Market Update
Castor seed cash market continued to reel under pressure despite good
export demand for oil from China, EU and other countries. This year arrival
started one month earlier with good volume and quality of seed is in better
shape and size. It indicates better yield from incoming crop. At peak arrival
time castor seed may trade below Rs 3000 per qtl.
India exported 21.71% higher castor oil to 6624.08 tonne during the week
ended 17th Jan-2016. Average FoB quote realized during the week is lower by
2.64% from previous week at $1308.28 per tonne. The gap between the
highest and the lowest quotes is higher. As prices of oil is ruling lower, so
export will continue with same pace ahead of good incoming crop. China
remains the major buyer for castor oil followed by Belgium.
Castor seed all India average price decreased by2.88 % to Rs 3259.52 per qtl
week on week basis. It was being traded at Rs 3356 .19 per qtl. during the
week ended 8th Jan-2016. More dip from current level is likely due to better
production prospects, increasing hope for early arrival and higher available
stock in private and public warehouses.
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.
CENTER 19-Jan-15 18-Jan-15 Change
SUMERPUR 3200 3250 -50
PATAN 3350 3375 -25
MEHSANA 3300 3325 -25
BHABAR 3350 3360 -10
HARJI 3350 3400 -50
RAJKOT 3345 3285 +60
KADI 3425 3410 +15

6. Technical Outlook
6
SELL CORIANDER APR BELOW 6581 TARGET 6536 6386 SL
ABOVE 6646
SELL GUARGUM FEB BELOW 5880 TARGET 5830 5760 SL
ABOVE 5940
SELL TURMERIC APRIL BELOW 8150 TARGET 8106 8046 SL
ABOVE 8210
SELL CASTORSEED FEB BELOW 3360 TARGET 3335 3305 SL
ABOVE 3385

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