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1. DAILY AGRI COMMODITY REPORT
23 MAY 2017
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2. Market Views
2
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
TURMERIC
JUN 5606 5714 5606 5650 0.86 3165
INTRADAY
LEVELS
SUPPORT SUPP. 1
5599
SUPP. 2
5548
PIVOT
5656
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
5707
RES. 2
5764
CORIANDER
JUN 5523 5619 5361 5368 -3.23 11190
INTRADAY
LEVELS
SUPPORT SUPP.1
5279
SUPP. 2
5191
PIVOT
5449
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
5537
RES. 2
5707
GUARGUM 5MT
JUN 7848 7870 7755 7830 -0.74 11260
INTRADAY
LEVELS
SUPPORT SUPP. 1
7766
SUPP. 2
7703
PIVOT
7848
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7881
RES. 2
7933
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTA
NCE
RES. 1
-
RES. 2
-

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
Castorseed 4478 4569 -1.99
Chana - - -
Coriander 5368 5547 -3.23
Guargum5MT 7830 7888 -0.74
Jeera 18060 18265 -1.01
Musterseed 3641 3682 -1.11
Soybean 2809 2835 -0.92
Turmeric 5650 5602 0.86
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
REF SOYA OIL 20-06-2017 639.00 8.70 1.38%
TURMERIC 20-06-2017 5650.00 40.00 0.71%
MAIZE -
FEED/INDUSTRIAL
GRADE
20-06-2017 1328.00 9.00 0.68%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
20-06-2017 1908.00 -41.00 -2.10%
V 797 KAPAS 30-04-2018 973.50 -14.50 -1.47%
RAPESEED-MUSTARD
SEED
20-06-2017 3641.00 -44.00 -1.19%
WHEAT 20-06-2017 1617.00 -15.00 -0.92%

4. Commodities In News
4
ECONOMIC NEWS
➢ The agriculture ministry today said it has no reservations about GM
mustard, which has been cleared by an expert panel GEAC, and will
promote genetically modified (GM) crops if approved by the Environment
Ministry. On May 11, Genetic Engineering Appraisal Committee (GEAC)
had recommended commercial cultivation of a GM mustard variety,
developed by Delhi University's Centre for Genetic Manipulation of Crop
Plants, in a submission to the Environment Ministry, which is yet to give
the final approval. "Whatever crops are notified, be it GM or non-GM, if
scientists approve it, then our ministry's mandate is to increase production,
productivity, bring down cost of production and ensure right price to
farmers" Agriculture Minister Radha Mohan Singh said, when asked if his
ministry will promote GM mustard. He was speaking at a press conference
to mark three years of the NDA government in office and share
achievements in the farm sector during this period.
➢Foodgrain output is likely to touch a new record in the 2017-18 crop year
to begin from July, on hopes of normal monsoon for the second straight
year, Agriculture Minister Radha Mohan Singh said today. Foodgrain
production is estimated to be all-time high at 273.38 million tonnes (MT) in
the current 2016-17 crop year (July-June) on account of good rains after
two years of drought, as against 251.57 MT last year. The previous record
was 265.04 MT in 2013-14. Foodgrain basket comprises of rice, wheat,
coarse cereals and pulses. "The Met department has forecast normal
monsoon for this year. If the monsoon is good, I am confident that
foodgrain output will be a record again and boost growth rate to more than
4.4 per cent achieved in 2016-17," Singh said while sharing the
government's achievements in the farm sector in last three years. The Met
department forecast was accurate last year and "we hope it will be accurate
this year as well," he said. The Agriculture Ministry has set foodgrain
output target at record 273 MT for the 2017-18 crop year and expects to
achieve 4 per cent farm sector growth following the prediction of a normal
monsoon.
➢ Jeera futures traded lower on NCDEX on fall in demand at the spot
market. Though, some losses were capped on lower arrivals from the
producing regions. Reports showed about 6,725 tons of jeera arrived in
May (1-20) compared to 26,151 in April (1-20). The contract for June
delivery was trading at Rs 18200, down by 0.36% or Rs 65.00 from its
previous closing of Rs 18265. The open interest of the contract stood at
16161 lots. The contract for July delivery was trading at Rs 18360,
down by 0.30% or Rs 55.00 from its previous closing of Rs 18415. The
open interest of the contract stood at 1290 lots on NCDEX.
➢ Turmeric futures edged higher on NCDEX on account of rising
exports demand at the spot market. On the export front, country
exported about 97,596 tons during April-February period, up by 26.6%
compared to last year exports of 77,087 tons. The contract for June
delivery was trading at Rs 5654.00, up by 0.93% or Rs 52.00 from its
previous closing of Rs 5602.00. The open interest of the contract stood
at 15865 lots. The contract for July delivery was trading at Rs 5744.00,
up by 0.95% or Rs 54.00 from its previous closing of Rs 5690.00. The
open interest of the contract stood at 3910 lots on NCDEX.
➢ Soybean futures traded marginally higher on NCDEX as speculators
enlarged their positions, despite lower domestic demand and ample
supplies in the global markets. The contract for June delivery was
trading at Rs 2836.00, up by 0.04% or Re 1.00 from its previous
closing of Rs 2835.00. The open interest of the contract stood at
123590 lots. The contract for July delivery was trading at Rs 2903.00,
up by 0.03% or Re 1.00 from its previous closing of Rs 2902.00. The
open interest of the contract stood at 43720 lots on NCDEX.

5. Technical Outlook
5
SELL CORIANDER APR BELOW 5330 TARGET 5300 5260 5210
SL ABOVE 5380
SELL TURMERIC MAYBELOW 5620 TARGET 5590 5550 5000
SL ABOVE 5670
BUY GUARGUM5 MAY ABOVE 7880 TARGET 7910 7950 8000
SL BELOW 7830

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Lovelesh
Sharma
Digitally signed by Lovelesh
Sharma
DN: cn=Lovelesh Sharma
c=IN o=Personal
Reason: I am the author of
this document
Location:
Date: 2017-05-22
21:45+05:30