Coriander and turmeric prices increased over the past month. Castorseed and guargum prices declined. The report provides commodity price data and recommends buying or selling certain commodities based on technical analysis. It also includes international and domestic commodity news and updates on production, exports, government policies and market prices from key locations in India.

1. WEEKLY AGRI COMMODITY REPORT
23 NOVEMBER 2015
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2. Weekly Wrap Up
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
DEC 9762 10870 9762 10462 +6.36 43810
INTRADAY
LEVELS
SUPPORT SUPP.1
9589
SUPP. 2
9257
PIVOT
10365
Coriander short term
trend is bullish and may
continue in coming
days.RESISTAN
CE
RES. 1
10967
RES. 2
11473
CASTORSEED
DEC 4295 4347 4156 4164 -3.21 465080
INTRADAY
LEVELS
SUPPORT SUPP. 1
4098
SUPP. 2
4031
PIVOT
4222
Castorseed short term
trend is bearish and
may continue in
coming days.RESISTAN
CE
RES. 1
4289
RES. 2
4413
TURMERIC
DEC 9600 10088 9590 9788 +2.26 87240
INTRADAY
LEVELS
SUPPORT SUPP. 1
9556
SUPP. 2
9324
PIVOT
9822
Turmeric short term
trend is bearish and
may continue in coming
days.RESISTAN
CE
RES. 1
10054
RES. 2
10320
GUARGUM
DEC 7530 7690 7160 7190 -5.27 59600
INTRADAY
LEVELS
SUPPORT SUPP. 1
7003
SUPP. 2
6817
PIVOT
7347
Guargum Short term
trend is bullish and
may continue in
coming days.RESISTAN
CE
RES. 1
7533
RES. 2
7877

3. Weekly Recommendations
3
BUY CORIANDER DEC ABOVE 10720 TARGET 10850 11050 SL BELOW 10570
SELL CORIANDER DEC BELOW 10380 TARGET 10250 10050 SL ABOVE 10530
BUY GUARGUM DEC ABOVE 7530 TARGET 7700 7900 SL BELOW 7330
SELL GUARGUM DEC BELOW 7100 TARGET 6930 6730 SL ABOVE 7300

4. Commodities In News
4
ECONOMIC NEWS
Co-operatives will buy paddy from farmers on the back of Rs 400 crore
bank guarantee offered by the West Bengal government. This was
indicated by the state agriculture minister Purnendu Basu at the 5th Agro
Protech 2015.Basu said "Co-operatives will buy paddy from farmers on
the back of Rs 400 crore bank guarantee offered by the state government.
We are offering a price of Rs 1425 per quintalin krishi mandis to counter
distress sale of paddy". West Bengal is the largest rice producing state in
the country.He informed that India is very high on bio-diversity with over
7% of the animal species worldwide living in the country. Pointing to
increased rural urban migration, he called for greater gender equality in
agri policy formulation and implementation. Informing that the state of
West Bengal has received the Krishi Karman Award for coarse cereals, he
called for farm mechanization to increase agri productivity. He informed
that the state is instituting the Krishi Ratna award at the block level to
incentivize the farmers.Arup Roy, the state agricultural marketing minister
informed that the state agriculture is dominated by small and marginal
farmers. He elaborated about innovative state government initiatives like
"Amar fasal, Amar Gari" & "Amar fasal, Amar Gola" which has been
introduced to support better agri marketing initiatives and storage facilities
for agri produce.
Haryana government said the special 'girdawari' to assess damage of
cotton, guar, bajra and other Kharif crops by white fly and other pests is
almost complete and distribution of compensation would start soon."The
special 'girdawari' to assess the damage caused by white fly and other pests
on crops was almost over and disbursing of compensation would start
within the next 20 days," Haryana Agriculture Minister, O P Dhankar
said.Stating the state government is committed to increase the income of
farmers and make them prosperous, he said, "For this, centres of
excellence for fruits and vegetables have been established to encourage
them to take up horticulture and cultivation of other cash crops instead of
traditional ones."
Sugar prices gain in the futures tracking International prices. Recently,
government decided to pay a production subsidy of Rs 4.50 per quintal
directly to cane farmers in 2015-16 season which may reduce financial
burden on mills. Sugar Dec contract closed higher by 1.12 per cent at Rs
2,697 per quintal.The crushing operations of the current sugar season (SS
2015-16), which began late October/early November, have seen an
encouraging beginning. Till November 15, sugar mills produced 7.61 lakh
tonne as against 5.74 lakh tonne in the corresponding period last year, a rise
of 33%. According to ICRA report, India's sugar output is estimated to
decline by 4.62 per cent to 26.8 million tonnes in the 2015-16 marketing
year. According to trade sources, Maharashtra sugar mills have recently
contracted to exports more than 200,000 tonnes of white sugar.
Chana futures fall yesterday as demand in retail market was subdued due
to higher prices. India's chana sowing progress up by 43.2% this year at 24.5
lakh ha compared to 17.1 lakh ha sown a year ago, according to latest data
from the agriculture ministry. Recently Exchange increased special margin,
in cash, for the buy side by 25 per cent.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.
Turmeric futures (Dec) is expected to trade in the range of 9800-10000
with upside bias. Lower supply due to heavy rainfall in turmeric fields of
Tamil Nadu and Karnataka, Reports of decline in production may support
the prices. But profit booking at higher level cannot be denied.

5. 5
NEWS RECAP
COMMODITY HEADLINES
Sugar production up 33% at 7.61 lakh tonnes so far this season.
 Radha Mohan Singh asks drought affected states to submit memorandum to seek relief.
Government may soon launch programme to boost pulses cultivation.
 Prices of agricultural goods surge 25% post Sebi-FMC merger.
 Potato output to take a hit this season over bad weather, lack of interest among farmers.
 Government likely to pay 45 rupees/T incentive to cane growers.
 India has huge potential to export hybrid seeds: Agriculture Minister Radha Mohan Singh.
 At nearly 53 lakh mt, Haryana records higher paddy arrival.
 Tur dal prices may remain high for more than a month.
 2014/15 vegoil imports rise 23.6% y/y: Reports.
 Still large productivity gaps in agriculture output: Government.

6. SPOT QUOTES
6
COMMODITY NAME LOCATION PRICE
Mustardseed Alwar 4968.6
Ref Soya Oil Indore 608.1
Ref Soya Oil Mumbai 600
Soy Bean Kota 3725
Soy Bean Indore 3778
Soy Bean Nagpur 3850
Sugar M Grade Kolkatta 2935
Sugar M Grade Muzaffar Nagar 2795
Sugar M Grade Erode 2698
Tur Desi Akola 10400
Turmeric Nizamabad 9784.1
Urad Latur 12000
COMMODITY NAME LOCATION PRICE
Barley Jaipur 1502.5
Castor Seed Deesa 4167.35
Castor Seed 2 MT Deesa 4167.35
Chana Bikaner 5162.5
Chana Delhi 5350
Chana Indore 4918.4
Coriander Kota 10845.35
Cotton Kadi 15537.15
Guar Gum Jodhpur 7155.5
Guar Seed 10 MT Jodhpur 3500
Guarseed Bikaner 3486.65
Jeera Unjha 16271.9
Mustardseed Jaipur 4893.55

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