This daily commodity report provides market views and analysis on various agricultural commodities. It summarizes the latest futures prices and trading levels of turmeric, coriander, guar gum, and castor seed on NCDEX. It also lists the top gainers and losers, most actively traded contracts, and economic news affecting commodity prices, including updates on production volumes and export demand of turmeric, jeera, and coriander. The report concludes with technical trading recommendations for coriander, turmeric and guar gum futures contracts.

1. DAILY AGRI COMMODITY REPORT
15 February 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 6858 6858 6790 6832 - 1230
INTRADA
Y LEVELS
SUPPORT SUPP.1
6795
SUPP. 2
6759
PIVOT
6827
Turmeric short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6863
RES. 2
6895
CORIANDER
APR 6700 6700 6610 6614 -1.28 6530
INTRADAY
LEVELS
SUPPORT SUPP.1
6583
SUPP. 2
6551
PIVOT
6641
Coriander short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6673
RES. 2
6731
GUARGUM 5MT
FEB 6435 6441 6425 6430 0.55 475
INTRADAY
LEVELS
SUPPORT SUPP. 1
6423
SUPP. 2
6416
PIVOT
6432
Guargum short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6439
RES. 2
6448
CASTORSEED
FEB 3982 3982 3911 3911 -0.99 3
INTRADAY
LEVELS
SUPPORT SUPP. 1
3864
SUPP. 2
3887
PIVOT
3935
-
RESISTA
NCE
RES. 1
3958
RES. 2
4006
GUARGUM 5MT
FEB 6435 6441 6425 6430 0.55 475
INTRADAY
LEVELS
SUPPORT SUPP. 1
6423
SUPP. 2
6416
PIVOT
6432
Guargum short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6439
RES. 2
6448

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
Castorseed 3864 3855 0.23
Chana - - -
Coriander 6614 6700 -1.28
Guargum5MT 6430 6395 0.55
Jeera 16930 16860 0.42
Mustard seed 3773 3793 -0.53
Soybean 2964 2960 0.14
Turmeric 6832 6832 0.00
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
MAIZE -
FEED/INDUSTRIAL
GRADE
20-02-2017 1408.00 13.00 0.93%
JEERA 20-03-2017 16930.00 70.00 0.42%
SOYAMEAL-DOMESTIC 20-03-2017 23930.00 30.00 0.13%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 20-04-2017 6614.00 -84.00 -1.25%
SUGAR M GRADE 20-03-2017 3839.00 -46.00 -1.18%
REF SOYA OIL 20-02-2017 691.50 -5.10 -0.73%
COTTON SEED OIL CAKE
AKOLA
20-02-2017 2202.00 -13.00 -0.59%

4. Commodities In News
4
ECONOMIC NEWS
 Disruptive innovation is the only way forward for sustainable growth in
spice sector. Rather than meeting the existing standards, India should set
new international quality benchmarks in farming and spice trade, for which
innovation is the key, according to Suresh Narayanan, chairman and
managing director, Nestle India Limited. He was inaugurating the second
edition of International Spice Conference at Thiruvananthapuram. The
Conference is hosted by the All India Spices Exporters Forum (AISEF)
which represents about to 80% of spices exports from India in association
with Cochin Chamber of Commerce and Industry. Spices and herbs are
opening up huge opportunities in food and beverages, medicine and
cosmetics. The market sends clear message of the growing need to embrace
scientific technology to innovate for production and quality enhancement.
‘Innovate also on connectivity to achieve a robust supply chain. Set cost
effective, higher benchmarks to conquer international markets and reclaim
the Spice Route with all its splendour and charm,’ he said.
 To help increase farm production in the country with minimum use of
inputs and make the farming climate resilient in due course, India's public
sector agriculture research institutions led by the Indian Council of
Agricultural Research (ICAR) has released 310 new crop varieties during
2015-16 (Nov-Oct period). The list of new crop varieties, which is to be
formally made public by the ICAR on Thursday, include: "The new variety
of `moong' bean (called Virat IPM25) is the first of its kind in the world in
terms of being ready for harvest in earliest possible time (52-55 days). This
along with high zinc variety of rice (DRR Dhan 45) and lentil (masoor dal)
may not only increase yield but also play an important role in handling
nutritional deficiency in our population", said ICAR director general
Trilochn Mohapatra. He told ToI on Monday that the new 'moong' bean
variety also has potential to change the cropping pattern in states like
Punjab where farmers may switch over to this yellow mosaic virus-resistant
summer crop from water-guzzling paddy without compromising on their
income.
 Turmeric futures edged down on NCDEX on rising arrivals as the
harvesting is going on in key producing states – Maharashtra,
Tamilnadu and Karnataka. Moreover, turmeric acreage in Telangana
and Andhra Pradesh was higher this year as compared to last year, also
weighed on turmeric prices. Production of turmeric in Telangana is
seen rising 35% on year to 251,000 tn 2016-17 (Jul Jun) due to
favourable rains. Though, some losses were capped on rising exports
demand at the spot market. Country exported about 74,524 tons, up by
32% during April-Nov period compared last year exports of 56,471
tons. The contract for April delivery was trading at Rs 6802.00, down
by 0.44% or Rs 30.00 from its previous closing of Rs 6832.00.
 Coriander futures traded lower on NCDEX as participants offloaded
their holdings amid subdued demand in the spot market. Besides, rising
arrivals from major producing belts also weighed on coriander futures.
The contract for April delivery was trading at Rs 6657.00, down by
0.64% or Rs 43.00 from its previous closing of Rs 6700.00. The open
interest of the contract stood at 21980 lots. The contract for May
delivery was trading at Rs 6743.00, down by 0.74% or Rs 50.00 from
its previous closing of Rs 6793.00.
 Jeera futures edged lower on NCDEX on weak demand from
exporters at the spot market. Though, some losses were capped on
reports of lower output at the producing regions of Gujarat. Production
of Jeera in Gujarat will be 2.21 lakh tons, down almost 11% compared
to last year production of 2.38 lt. Moreover, there is a forecast of fall in
jeera production by 12 % to 387,000 tons during 2016-17 due to lower
acreage. In the current rabi season, Gujarat farmers have planted jeera
in 2,78,700 hectares, down by 16,700 hectares compared to last year
acreage of 2,95,400 hectares till same period. The contract for March
delivery was trading at Rs 16810, down by 0.30% or Rs 50 from its
previous closing of Rs 16860.

5. Technical Outlook
5
SELL CORIANDER APRBELOW 6610 TARGET 6595 6535 6465
SL ABOVE 6640
BUY TURMERIC 20APR ABOVE 6890 TARGET 6920 6960 7010
SL BELOW 6842
BUY GUARGUM5 20MARABOVE 6530 TARGET 6560 6620
6670 SL BELOW 6480

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