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1. DAILY AGRI COMMODITY REPORT
30 March 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 6342 6380 6306 6328 -0.22 1270
INTRADAY
LEVELS
SUPPORT SUPP. 1
6255
SUPP. 2
6179
PIVOT
6337
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6413
RES. 2
6495
CORIANDER
APR 7505 7519 7480 7480 0.31 9280
INTRADAY
LEVELS
SUPPORT SUPP.1
7445
SUPP. 2
7419
PIVOT
7462
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7488
RES. 2
7505
GUARGUM 5MT
APR 8049 8100 7921 7958 -0.03 19775
INTRADAY
LEVELS
SUPPORT SUPP. 1
7777
SUPP. 2
7583
PIVOT
7878
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
8072
RES. 2
8173
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 4749 4692 1.21
Chana - - -
Coriander 7480 7457 0.31
Guargum5MT 7958 7960 -0.03
Jeera 18300 18345 -0.25
Musterseed 3968 3944 0.61
Soybean 2887 2879 0.28
Turmeric 6328 6342 -0.22
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
RAPESEED-MUSTARD
SEED
20-04-2017 3968.00 25.00 0.63%
SUGAR M GRADE 19-05-2017 3691.00 10.00 0.27%
SOY BEAN 20-04-2017 2887.00 6.00 0.21%
GUAR SEED 10 MT 20-04-2017 3868.00 6.00 0.16%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
20-04-2017 2146.00 -35.00 -1.60%
V 797 KAPAS 28-04-2017 1037.00 -11.00 -1.05%
BARLEY 20-04-2017 1563.00 -10.00 -0.64%

4. Commodities In News
4
ECONOMIC NEWS
➢ Higher paddy prices is expected to drive basmati industry growth in
FY2018 following a stable FY2017, according to ICRABSE -0.44 %. The
agency also feels that resumption of imports by Iran will be a cause for
cheer for the industry. The basmati rice industry has witnessed moderation
over the last few years on the back of subdued international demand, partly
attributable to the delay in resumption of imports by Iran. But FY2017 has
seen some stabilisation in demand. Mr. Deepak Jotwani, Assistant Vice
President, ICRA Ltd . BSE -0.44 %. said: “The industry performance in the
current fiscal has been encouraging as the growth has largely been
supported by an increase in volumetric sales, even while prices have
remained under pressure. Going forward, FY2018 is expected to witness
better revenue growth supported by an increase in average realisations, as
paddy prices firm up during the current procurement season. Moreover,
resumption of imports by Iran will also be crucial for driving industry
growth in the next fiscal.”
➢ West Bengal government has firmed up plans to provide assistance to
farmers to enable them to grow 800 varieties of aromatic rice, many of
which are rarely grown nowadays. Among the aromatic varieties identified
for special treatment are kanakchur, randhuni, chandrachur, radhatilak,
badshahbhog and kerala sundari. Bidhan Chandra Krishi Viswavidyalaya
in Kalyani is playing a major role in identifying the varieties of rice, as well
as finding out ways for growing them on a large scale so that the seeds can
be distributed among farmers. To collect seeds for these varieties and
culture them, officials of the agriculture department are visiting farmers
across Bengal and in some neighbouring countries too. To collect seeds for
these varieties and culture them, officials of the agriculture department are
visiting farmers across Bengal and in some neighbouring countries
too. The state government is also taking initiatives to convince farmers to
grow these less-known varieties of rice by making them realise the
commercial value of these varieties.
➢ Soyabean futures traded marginally higher on NCDEX as
speculators enlarged their positions due to bargain buying and demand
from the mills as meal exports have been higher. Though, expectations
for increased plantings in North America along with already ample
global supplies, capped some gains. The contract for April delivery was
trading at Rs 2890.00, up by 0.38% or Rs 11.00 from its previous
closing of Rs 2879.00. The open interest of the contract stood at
163150 lots. The contract for May delivery was trading at Rs 2976.00,
up by 0.17% or Rs 5.00 from its previous closing of Rs 2971.00. The
open interest of the contract stood at 80330 lots on NCDEX.
➢ Jeera futures traded up on NCDEX on reports of lower production
estimates in the producing regions of Gujarat. Moreover, anticipation of
higher exports demand at the spot market also added support to jeera
prices’ uptrend. The contract for April delivery was trading at Rs
18400, up by 0.3% or Rs 55.00 from its previous closing of Rs 18345.
The open interest of the contract stood at 9546 lots. The contract for
May delivery was trading at Rs 18585, up by 0.24% or Rs 45.00 from
its previous closing of Rs 18540. The open interest of the contract
stood at 7986 lots on NCDEX.
➢ Cardamom futures edged lower on MCX as investors remained on
the sidelines amid subdued physical demand for cardamom in the
domestic spot market. Further, sufficient supplies on higher physical
arrivals from the major cardamom producing regions too fuelled the
downtrend. The contract for April delivery was trading at Rs 1377.60,
down by 0.25% or Rs 3.40 from its previous closing of Rs 1381.00.
The open interest of the contract stood at 931 lots. The contract for
May delivery was trading at Rs 1315.00, down by 0.03% or Rs 0.40
from its previous closing of Rs 1315.40. The open interest of the
contract stood at 457 lots on MCX.

5. Technical Outlook
5
SELL CORIANDER 20APR BELOW 7480 TARGET 7450 7410
7360 SL ABOVE 7510
SELL TURMERIC 20APR BELOW 6300 TARGET 6270 6230 6180
SL ABOVE 6330
SELL GUARGUM 20APR BELOW 7920 TARGET 7890 7860
7810 SL ABOVE 7950

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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: 2017-03-29 21:06+05:30