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1. DAILY AGRI COMMODITY REPORT
28 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 8500 8518 8160 8212 -3.16 10500
INTRADAY
LEVELS
SUPPORT SUPP. 1
8075
SUPP. 2
7939
PIVOT
8297
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8433
RES. 2
8655
CORIANDER
APR 6305 6380 6110 6334 -0.36 8700
INTRADAY
LEVELS
SUPPORT SUPP.1
6169
SUPP. 2
6005
PIVOT
6274
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
6439
RES. 2
6545
GUARGUM
FEB 5860 5990 5790 5820 -1.19 12227
INTRADAY
LEVELS
SUPPORT SUPP. 1
5743
SUPP. 2
5667
PIVOT
5867
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5943
RES. 2
6067
CASTORSEED
FEB 3264 3264 3051 3051 -5.98 35350
INTRADAY
LEVELS
SUPPORT SUPP. 1
2980
SUPP. 2
2909
PIVOT
3122
Castorseed short term
trend is bearish and
May continue in
coming day.RESISTAN
CE
RES. 1
3193
RES. 2
3335

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3051 3245 -5.98
CHANA 4260 4258 +0.05
CORIANDER 6334 6357 -0.36
GUARGUM 5820 5890 -1.19
JEERA 13310 13190 +0.91
MUSTARD
SEED
3855 3860 -0.13
SOYABEAN 3719 3746 -0.72
TURMERIC 8190 8204 -0.17
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CASTOR SEED NEW 19-02-2016 3051.00 -314.00 -9.33%
CORIANDER 20-04-2016 6334.00 -291.00 -4.39%
RAPESEED-MUSTARD
SEED
20-04-2016 3855.00 -149.00 -3.72%
COTTON SEED OIL CAKE
AKOLA
19-02-2016 1998.00 -40.00 -1.96%
JEERA 18-03-2016 13310.00 -250.00 -1.84%
SOYABEAN 19-02-2016 3719.00 -43.00 -1.14%
TURMERIC 20-04-2016 8190.00 -40.00 -0.49%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CHANA 20-04-2016 4260.00 7.00 0.16%

4. Commodities In News
4
ECONOMIC NEWS
Amid production concerns due to back-to-back drought, the government
has issued a tender for importing 5,000 tonnes of pigeon peas (tur) to boost
domestic supply and control prices.Fearing a flare up in pulses prices again
in 2016 due to little improvement in domestic output, the government has
directed MMTC to import more pulses to improve supply and check price
rise. The prices of pulses are already ruling high at around Rs 180 per
kg.As per the tender document, MMTC has invited global bids for import
of 5,000 tonnes of pigeon peas of the latest crop from Myanmar, Malawi,
Mozambique or any other origin.Both technical and price bids should be
submitted by February 10 and tenders will remain valid till February
16.MMTC said bids should be for a minimum quantity of 2,500 tonnes and
the shipment should reach Jawaharlal Nehru Port Trust and Chennai port
by April 15.The trading firm had last year imported 5,000 tonnes of tur dal
to check prices. It however did not get response for an import tender for
urad.Expecting low production for a second year in a row, Food Minister
Ram Vilas Paswan had recently asked the Commerce Ministry to direct
trading firms to speed up the process of imports in order to overcome any
output shortfall.
As many as 11 seed companies, including Monsanto, Mahyco, Syngenta
and domestic firm Rasi Seeds, have questioned industry body NSAI's
support for cotton seed price regulation.Mahyco, Syngenta and domestic
firm Rasi Seeds, have questioned industry body NSAI's support for cotton
seed price regulation.The Agriculture Ministry on December 7 had issued
Cotton Seeds Price (Control) Order to fix a uniform maximum retail price
(MRP) on all cotton seeds, including the genetically modified versions,
from March.It also decided to fix and regulate the seed value and licensee
fee, including royalty or trait value.In three different letters to the National
Seeds Association of India (NSAI), the companies said the body's support
for price regulation will have wide ramifications.
Turmeric settled down on hopes of bumper supplies in coming
months from the producing belts. Further, expectation of fully fledged
arrivals in the first week of February at the spot markets too fuelled the
downtrend. Though there are, reports of production concern sue to
drought in Maharashtra and Andhra Pradesh.There is concern over
production due to heavy rains during Nov-Dec in south India but the
prices may remain little lower as trader may wait for new season crop
in next one month. Deficient rainfall in during early part of sowing in
major Turmeric growing regions of Maharashtra and Karnataka may
reduce the yield. As per dept of commerce data, turmeric exports till
September, 2015 pegged at 50,916 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.
Chana settled down as the government is taking necessary measures
from time to time to meet the demand through imports. 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 on Jan 8.The acreage under
chana reported higher in Maharashtra (14.2 lh Vs 12.2 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.

5. 5
Fundamental Watch : Sugar
COTTON PRICES AT KEY SPOT MARKETNational Market Update
As per the second advance estimate released by ISMA, Maharashtra sugar
production is expected to fell down to 87 lakh tons in 2015-16 amidst lower
production yield due to water scarcity in the area. Sugar production in
Karnataka too is expected to fell down to 43 lakh tons in 2015-16 amidst a
deficient rainfall in the region.
On the other hand, a better sugar recoveries in U.P this year could cause the
state to produce 71.5 lakh tons of sugar in 2015-16. Similarly, Tamil Nadu is
also expected to produce 13.9 lakh tons of sugar this marketing year.
Indian sugar export rose by 13% this week as the country exported 96.6
thousand tons of sugar for the week ending on 17th Jan, 2016 compared to
85.1 thousand tons of sugar exported the previous week.
25 sugar mills in Tamil Nadu had produced 1.60 lakh tons of sugar in 2015 -
16 (till 15th Jan, 2016) compared to 1.10 lakh tons of production made (by 20
sugar mills) in 2014-15 (till 15th Jan, 2015).
Sugar production rose by 14.69% in Gujarat which produced 5.70 lakh tons
of sugar in 2015-16 (till 15th Jan, 2016) compared to 4.97 lakh tons of sugar in
2014-15 (till 15th Jan, 2015).
Indonesia had issued import permit of 968,143 tons of raw sugar in the first
quarter of 2016 (January – March).
CENTER 27-Jan-15 25-Jan-15 Change
DELHI 3150 3170 -20
MUMBAI 3286 3280 +6
VIJAYWADA 3400 3400 UNCH
NAGPUR NR NR -
CHENNAI 3100 3100 UNCH
AMBIKAPUR 2835 2835 UNCH
DHAMPUR 3000 3080 -80

6. Technical Outlook
6
SELL CORIANDER APR BELOW 6300 TARGET 6255 6105 SL
ABOVE 6365
SELL GUARGUM FEB BELOW 5780 TARGET 5730 5660 SL
ABOVE 5840
SELL TURMERIC APRIL BELOW 8150 TARGET 8106 8046 SL
ABOVE 8210
SELL CASTORSEED FEB BELOW 3050 TARGET 3025 2995 SL
ABOVE 3075

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