The document provides a daily agri commodity report with the following key details: - Market views on turmeric, coriander, guargum and castorseed with opening, high, low, closing prices and trends. - Economic news on potential farm loan waivers of up to 2% of GDP and plans to boost urea production to end imports by 2022. - Jeera, soybean and turmeric futures traded higher/lower on NCDEX due to varying demand and supply factors. - Technical outlook with sell and buy recommendations on coriander, turmeric and guargum futures contracts.

1. DAILY AGRI COMMODITY REPORT
18 APRIL 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 6148 6150 6034 6034 -2.24 335
INTRADAY
LEVELS
SUPPORT SUPP. 1
5995
SUPP. 2
5957
PIVOT
6073
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6111
RES. 2
6189
CORIANDER
APR 7062 7079 6875 6875 -2.99 1400
INTRADAY
LEVELS
SUPPORT SUPP.1
6807
SUPP. 2
6739
PIVOT
6943
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7011
RES. 2
7147
GUARGUM 5MT
APR 8671 8671 8500 8525 0.5 195
INTRADAY
LEVELS
SUPPORT SUPP. 1
8460
SUPP. 2
8394
PIVOT
8565
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
8631
RES. 2
8736
CASTORSEED
FEB - - - - - -
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 4566 4747 -3.81
Chana - - -
Coriander 6875 4702 -2.99
Guargum5MT 8525 8276 0.55
Jeera 19280 18905 1.98
Musterseed 3808 3864 -1.45
Soybean 2920 2929 -0.31
Turmeric 6034 6172 -2.24
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
MAIZE -
FEED/INDUSTRIAL
GRADE
19-05-2017 1505.00 30.00 2.03%
MAIZE -
FEED/INDUSTRIAL
GRADE
19-05-2017 1350.00 26.00 1.96%
SOYAMEAL-DOMESTIC 20-04-2017 24850.00 350.00 1.43%
SOY BEAN 20-04-2017 2920.00 30.00 1.04%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 20-04-2017 6875.00 -299.00 -4.17%
COTTON SEED OIL CAKE
AKOLA
20-04-2017 1998.00 -52.00 -2.54%
V 797 KAPAS 28-04-2017 990.50 -15.50 -1.54%

4. Commodities In News
4
ECONOMIC NEWS
➢ Within a fortnight of UP's farm loan waiver and calls for the same in
other states, a foreign brokerage today estimated the burden from such
populist measures to touch 2 per cent of GDP by the 2019 elections. "Farm
loan waivers of up to 2 per cent of GDP in the run up to the 2019 hustings
pose fiscal/rate risk and impacts credit culture," analysts at Bank of
America Merill Lynch said in a note today. They said the Yogi
Adityanathgovernment's debt waiver of USD 5 billion or 0.4 per cent of the
state GDP, will lead other states to follow such populist suit. Even though
the Centre has asked the states to take care of its finances while declaring
such schemes, the note said the states will continue to be in breach of the
indicative 3-3.5 per cent fiscal deficit numbers. Already most of the states
are running over 3.5 per cent deficits. It can be noted that such demands are
being made in other states, including Maharashtra,Haryana and Tamil
Nadu. In fact, the Madras High Court ordered the state to write of the entire
farm loans in the state which would entail a hit of over Rs 4,000 crore to
the state finances.
➢ India, the world’s second-biggest consumer of urea, is boosting
production of the crop nutrient seeking to end imports in the next five
years. The South Asian nation, where agriculture makes up about 14
percent of the economy, produced 24.5 million tons of urea in the year
ended March 2016, compared with consumption of around 32 million tons
during the period, according to data from the fertilizer ministry. The
country imported more than a quarter of what it consumed from Oman,
China and Iran. “We are in the process of reviving ailing plants, restart
closed units, expand existing projects and build new ones,” Dharam Pal,
joint secretary at India’s fertilizer ministry, said in an interview in New
Delhi. “The target is to wipe out urea imports completely by
2022.” Increasing local supplies of the nitrogen fertilizer will help shield
farmers against global price fluctuations and limit government subsidies,
allowing for greater spending to spur the rural economy.
➢ Jeera futures traded higher on NCDEX on rising demand at the spot
market. Though, some gains were capped on ample stocks position
following higher supplies from the major growing regions in Gujarat
and Rajasthan. The contract for May delivery was trading at Rs 19455,
up by 2.37% or Rs 450.00 from its previous closing of Rs 19005. The
open interest of the contract stood at 18153 lots. The contract for June
delivery was trading at Rs 19630, up by 2.37% or Rs 455.00 from its
previous closing of Rs 19175. The open interest of the contract stood at
1815 lots on NCDEX.
➢ Soyabean futures traded marginally higher on NCDEX on account of
uptick in demand and tighter supplies in the domestic market.
Soyabean prices improved further tracking higher prices in
international markets as forecasts of heavy rains in parts of the US
Midwest are expected to delay fieldwork. The contract for April
delivery was trading at Rs 2940.00, up by 0.38% or Rs 11.00 from its
previous closing of Rs 2929.00. The open interest of the contract stood
at 16340 lots. The contract for May delivery was trading at Rs 3004.00,
up by 0.43% or Rs 13.00 from its previous closing of Rs 2991.00. The
open interest of the contract stood at 129850 lots on NCDEX.
➢ Turmeric futures traded down on NCDEX as participants reduced
exposure amid sufficient stocks position on pick-up in arrivals from
producing belts at spot market. The contract for April delivery was
trading at Rs 6034.00, down by 2.24% or Rs 138.00 from its previous
closing of Rs 6172.00. The open interest of the contract stood at 360
lots. The contract for May delivery was trading at Rs 6158.00, down by
1.09% or Rs 68.00 from its previous closing of Rs 6226.00. The open
interest of the contract stood at 20060 lots on NCDEX.

5. Technical Outlook
5
SELL CORIANDER APR BELOW 6870 TARGET 6840 6800 6740
SL ABOVE 6970
SELL TURMERIC MAYBELOW 6034 TARGET 6000 5950 5890
SL ABOVE 6060
BUY GUARGUM APRABOVE 8530 TARGET 8560 8500 8560 SL
BELOW 8500

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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: 2017-04-17 20:16+05:30