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1. DAILY AGRI COMMODITY REPORT
23 March 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 8920 9000 8880 8902 -0.18 8070
INTRADAY
LEVELS
SUPPORT SUPP. 1
8855
SUPP. 2
8807
PIVOT
8927
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8975
RES. 2
9047
CORIANDER
APR 6730 6850 6666 6837 +2.77 6050
INTRADAY
LEVELS
SUPPORT SUPP.1
6718
SUPP. 2
6600
PIVOT
6784
Coriander short term
trend is bullish and May
continue in coming
days.RESISTAN
CE
RES. 1
6903
RES. 2
6968
GUARGUM
APR 5650 5670 5510 5510 -2.30 6652
INTRADAY
LEVELS
SUPPORT SUPP. 1
5457
SUPP. 2
5403
PIVOT
5563
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5617
RES. 2
5727
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTAN
CE
RES. 1
-
RES. 2
-

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED - - -
CHANA 4326 4356 -0.69
CORIANDER 6837 6653 +2.77
GUARGUM 5510 5640 -2.30
JEERA 15350 15305 +0.29
MUSTARD
SEED
3954 3950 +0.10
SOYABEAN 3955 3928 +0.69
TURMERIC 8902 8918 -0.18
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
GUAR GUM 20-04-2016 5510.00 -120.00 -2.13%
GUAR SEED 10 MT 20-04-2016 3138.00 -45.00 -1.41%
CHANA 2 MT 11-04-2016 4320.00 -60.00 -1.37%
CHANA 20-04-2016 4326.00 -40.00 -0.92%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
TURMERIC 20-04-2016 8902.00 12.00 0.13%
REF SOYA OIL 20-04-2016 632.80 0.65 0.10%
JEERA 20-04-2016 15350.00 15.00 0.10%
BARLEY 20-04-2016 1402.50 1.00 0.07%

4. Commodities In News
4
ECONOMIC NEWS
Prime Minister Narendra Modi is scheduled to meet top officials of all
banks and insurance companies this week in Mumbai to discuss the
implementation of Pradhan Mantri Fasal Beema Yojana.Under the new
crop insurance scheme, PMFBY, premium burden on farmers has been
kept low - up to 2 per cent of sum insured, and claims are to be settled at
the earliest.The scheme will come into force from April 1 for kharif crops
to be sown from June.Finance Minister Arun Jaitley and senior officials
from the ministries of finance and agriculture will be present in the two-
and-half hour meeting, sources added.Since the new scheme PMFBY is
both for loanee and non-loanee farmers, the meeting will deliberate on
bringing more loanee farmers under the crop insurance scheme so that the
target of 50 per cent is achieved and more farmers take up insurance
coverage.At present, about 25 per cent the total crop area of 194.40 million
hectares is being insured.Out of the farm credit target of Rs 8.5 lakh crore
set for this fiscal, only a sum of Rs 75,000 crore is under crop insurance.
So, there is huge scope to reach out to loanee farmers, sources added.The
government is giving a big push to the crop insurance scheme after
drought, unseasonal rains and hailstorms last year led to state governments
seek total of over Rs 10,100 crore from the National Disaster Response
Fund.Union finance minister Arun Jaitley launched the Pradhan Mantri
Fasal Bima Yojana and Unified Package Insurance Scheme in Mumbai.The
revamped schemes would help farmers insure their crops against natural
calamities in an efficient way because insurance companies will reverse bid
for higher sum insured and lower premium.Uttarakhand became the first
state to adopt this scheme as insurance companies bid for a 2%
premium.Both schemes would target crop insurance as well as accidental
insurance for farmers, insurance for tractors as well as farm
equipments.With the country having suffered two back to back poor
monsoons the FM launched this programme saying that its success should
remove the blot on the government that it has done nothing to protect the
livelihood of the farmers."This scheme would enable the farmer to pay less
and in the event of crop failure will allow him to get paid more.
Turmeric on NCDEX settled up supported by rising demand from
buyers at the spot market. The arrivals have improved last week at
8,725 tonnes compared to 5,151 tonnes across the country. New season
crop has hit the markets but majority of arrivals are of medium quality
turmeric. As per dept of commerce data, turmeric exports until Dec
2015 pegged at 64,100 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, Telangana is lower than the normal
sowing. Spot turmeric prices decreased by Rs. 300 a quintal at Erode
markets due to an increase in arrivals. Around 15,000 bags arrived for
sale and buyers purchased all the 7,000 bags of new turmeric and 800
bags of hybrid turmeric at a lower price. Of the arrival of 15,000 bags,
70 per cent stocks were sold. The price of the finger variety was down
Rs. 300 a quintal and the root variety by Rs. 150. Similarly, the hybrid
also decreased by Rs. 200.
Chana on NCDEX settled up supported by crop damage caused by
recent unseasonal rains in some growing states. Market participants
expecting modest production loss due to unseasonal rains in North and
Central India. Earlier there are reports of damage for chana in
Maharashtra due to hailstorm. Govt. is creating buffer stock for pulses
including chana so that they can stabilize the prices in years to
come.Imported chana has also hit the markets this month and traders &
stockists are buying up to their respective stock limits for the new
season crop. India has imported 5.79 lt of Chana until December in the
current financial year. In December, country imported over 2 lt of
chana which is a record. In the second advance estimate for 2015-16,
government forecasted 8.09 mt of chana this year, which is more than
production estimated last year (7.17 mt).According to AAFC the
production of Chana will increase to 100,000 tons while this year 2015-
16 its production is estimated to be 90,000 tons.

5. 5
Fundamental Watch : Castorseed
CASTORSEED PRICES AT KEY SPOT
MARKET
National Market Update
Castor seed average price increased in Andhra Pradesh by 2.85 % week on
week basis to Rs 3111.03 per qtl. However, it is still ruling lower by 8.66 %
from the state average price realized in midMarch -2015.However in Gujarat
average price decreased by2.72% week on week basis to Rs 2964.29 per qtl., it
is still ruling down by 15.31% from the average price of March-2015.
Castor oil export increased by 67.91 % to 14263.29 tonne during the week
ended 13th March- 2016.India had exported 8494.36 tonne castor oil before
the week under review. Ave export quote realized at the rate of $1084.88 per
tonne, higher by2.07 % from last week ending6th march-2016.As prices are
ruling lower, export demand would continue with same pace. Availability is
enough and seed supply from new crop to the plants would continue. Ave FoB
quote would hinge in the range of $1025 to $1075 per tonne.
Agricultural Statistics Division, Directorate of Economics & Statistics, India
has revised its Second Adv estimate for foodgrains and estimated 17.27 lakh
tonne castor seed production for 2015-16 crop year,to be marketed in MY
2016-17.The production target for the year had been fixed at 20.34lakh tonne.
India had produced 18.70 lakh tonne castor seed last year as per final estimate
by DES..Against this private estimates hinges in the range of 14 to 15 lakh
tonne for this year.
Total area under Castor crop in India for the year 2015-16 is 1,136,300
hectares. Estimated total production of Castor Seeds in India for the year
2015-16 would be 13,97,000 tonnes (Area as per Government Area
Estimates)Average yield for the year 2015-16 is 1229 kg/hectare.
CENTER 22-Mar-15 21-Mar-15 Change
SUMERPUR 3000 2950 +50
PATAN 3000 3050 -50
MEHSANA Closed Closed -
BHABAR 3025 3010 +15
HARJI 3025 3015 +10
RAJKOT 2925 2995 -70
KADI 3000 Closed -

6. Technical Outlook
6
BUY CORIANDER APR ABOVE 6730 TARGET 6775 6925 SL
BELOW 6665
SELL GUARGUM APRIL BELOW 5510 TARGET 5460 5390 SL
ABOVE 5570
SELL TURMERIC APRIL BELOW 8870 TARGET 8826 8766 SL
ABOVE 8930

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