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1. DAILY AGRI COMMODITY REPORT
19 January 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
APR 6616 6870 6616 6800 2.63 4790
INTRADA
Y LEVELS
SUPPORT SUPP.1
6654
SUPP. 2
6508
PIVOT
6762
Turmeric short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6908
RES. 2
7016
CORIANDER
JAM 7300 7320 7277 7284 -0.19 320
INTRADAY
LEVELS
SUPPORT SUPP.1
7267
SUPP. 2
7251
PIVOT
7294
Coriander short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7310
RES. 2
7337
GUARGUM 5MT
JAN 6384 6384 6384 6384 -0.99 58
INTRADAY
LEVELS
SUPPORT SUPP. 1
6384
SUPP. 2
6384
PIVOT
6384
Guargum short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6384
RES. 2
6384
CASTORSEED
FEB 4186 4186 4128 4136 -1.27 38
INTRADAY
LEVELS
SUPPORT SUPP. 1
4114
SUPP. 2
4092
PIVOT
4150
Castorseed short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
4172
RES. 2
4208

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
Castorseed 4131 4190 -1.41
Chana - - -
Coriander 7284 7298 -0.19
Guargum5MT 6384 6448 -0.99
Jeera 18900 18900 0.00
Mustard seed 4141 4106 0.85
Soybean 3120 3130 -0.32
Turmeric 6800 6626 2.63
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 20-04-2017 6800.00 180.00 2.72%
COTTON SEED OIL CAKE
AKOLA
20-01-2017 2225.00 50.00 2.30%
WHEAT 20-01-2017 1900.00 20.00 1.06%
RAPESEED-MUSTARD
SEED
20-01-2017 4141.00 21.00 0.51%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
GUAR SEED 10 MT 20-01-2017 3302.00 -12.00 -0.36%
SOY BEAN 20-01-2017 3120.00 -8.00 -0.26%
SUGAR M GRADE 20-03-2017 3850.00 -5.00 -0.13%

4. Commodities In News
4
ECONOMIC NEWS
 India's sugar production by mid-January is down by 6% as compared to
the same period of previous year, stated a release of industry body Indian
Sugar Mills Association (ISMA). The deficit in sugar production of
Maharashtra, the top sugar producing state of the country, has increased to
more than 28%. The state's sugar mills have produced 31.43 lakh tonne
sugar till January 15, 2017 as compared to 43.79 lakh tonnes produced
during same period of previous year. Second largest sugar producer Uttar
Pradesh has recorded an increase o 31% in its sugar production. " In Uttar
Pradesh, 116 sugar mills are in operation during the current 2016-17 SS
and these have produced 35.50 lakh tonnes of sugar till January 15, 2017,
which is 31% higher than last year’s production till January 15, 2016. In
2015-16 SS, as on January 15, 2016, 116 sugar mills were in operation and
they had produced 27.07 lakh tonnes of sugar," stated the ISMA
release. According to ISMA, in the first three months of the current sugar
season viz. October to December, 2016.
 India's grape exports to Europe and China are expected to increase by
10-20% despite lower realisations from the UK as companies are confident
that an increase in volume will boost business. "The exportable grapes
production is expected to go up this year. Nashik, which supplies around
80% grapes, has 55,000 hectares area under cultivation. Of this, area
registered for exports this year is 33,000 hectares, compared with 27,000
hectares last year. We have also seen an increase in the number of farmers
approaching us for farm advisory in cultivating exportable grapes," said
Ashok Sharma, president and chief executive of the Agri Business vertical
of Mahindra & Mahindra. Though the onset of a full-fledged season has
been delayed by two to three weeks due to the snowfall in Europe and the
onset of winter in the growing state of Maharashtra, the country has already
shipped 47 containers to Europe by January 12. The number of grape
orchards registered under Grapenet has more than doubled to 19,801 2016-
17 from 18,327 in 2015-16. Incidentally, only those farmers, who have
registered their orchards under the traceability system of Grapenet.
 Turmeric futures traded up on NCDEX traders built up fresh
positions, supported by surging domestic as well as exports demand in
the spot market. Further, restricted supplies from producing regions
also added support to turmeric prices’ uptrend. The contract for April
delivery was trading at Rs 6790, up by 2.48% or Rs 164 from its
previous closing of Rs 6626. The open interest of the contract stood at
12685 lots. The contract for May delivery was trading at Rs 6796, up
by 2.85% or Rs 188 from its previous closing of Rs 6608. The open
interest of the contract stood at 1225 lots on NCDEX.
 Soybean futures traded higher on NCDEX as speculators enlarged
their positions on improved buying in the spot market. Soyabean prices
improved further on concerns over excessive rains hitting Argentina's
soybean crop. However, an increase of 60 percent in production is
estimated in the 2016-17 season compared to previous year in the
country owing to normal monsoon and higher acreage, capping some
gains in soyabean prices. The contract for January delivery was trading
at Rs 3146.00, up by 0.51% or Rs 16.00 from its previous closing of Rs
3130.00. The open interest of the contract stood at 7640 lots. The
contract for February delivery was trading at Rs 3204.00, up by 0.6%
or Rs 19.00 from its previous closing of Rs 3185.00. The open interest
of the contract stood at 153630 lots on NCDEX.
 Coriander futures edged higher on NCDEX as speculators built up
fresh positions on the back of improved demand in the spot market.
Further, restricted arrivals from major producing belts also added
support to coriander prices’ uptrend. The contract for January delivery
was trading at Rs 7320.00, up by 0.3% or Rs 22.00 from its previous
closing of Rs 7298.00. The open interest of the contract stood at 1140
lots. The contract for April delivery was trading at Rs 7860.00, up by
0.09% or Rs 7.00 from its previous closing of Rs 7853.00. The open
interest of the contract stood at 11880 lots on NCDEX.

5. Technical Outlook
5
BUY CORIANDER APR ABOVE 7325 TARGET 7335 7365 7400
SL BELOW 7300
BUY TURMERIC 20APR ABOVE 6900 TARGET 6915 6945 7000
SL BELOW 6860
BUY GUARGUM5 FEBABOVE 6390 TARGET 6405 6435 6395
SL BELOW 6350
SELL CASTORSEED FEB BELOW 4120 TARGET 4105 4075 SL
BELOW 4150

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