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1. DAILY AGRI COMMODITY REPORT
11 December 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 10200 10300 10186 10200 -0.16 10580
INTRADAY
LEVELS
SUPPORT SUPP. 1
10157
SUPP. 2
10115
PIVOT
10229
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
10271
RES. 2
10343
CORIANDER
JAN 10150 10528 10060 10302 +1.51 8140
INTRADAY
LEVELS
SUPPORT SUPP.1
10065
SUPP. 2
9829
PIVOT
10297
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
10533
RES. 2
10765
GUARGUM
JAN 6010 6250 5930 6100 +0.49 24136
INTRADAY
LEVELS
SUPPORT SUPP. 1
5937
SUPP. 2
5773
PIVOT
6093
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
6257
RES. 2
6413
CASTORSEED
JAN 3747 3831 3582 3817 +1.37 169220
INTRADAY
LEVELS
SUPPORT SUPP. 1
3656
SUPP. 2
3494
PIVOT
3743
Castorseed short term
trend is bullish and
May continue in
coming day.RESISTAN
CE
RES. 1
3905
RES. 2
3992

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3725 3663 +1.69
CHANA 5055 5086 -0.61
CORIANDER 10600 10328 +2.63
GUARGUM 6000 5960 +0.67
JEERA 15145 15110 +0.23
MUSTARD
SEED
4429 4613 -3.99
SOYABEAN 3600 3675 -2.04
TURMERIC 9114 9172 -1.70
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
RAPESEED-MUSTARD
SEED
18-12-2015 4440.00 -168.00 -3.65%
SOYABEAN 18-12-2015 3585.00 -88.00 -2.40%
REFINED SOY OIL 18-12-2015 627.00 -5.10 -0.81%
TURMERIC 18-12-2015 9178.00 -72.00 -0.78%
BARLEY 18-12-2015 1385.00 -6.50 -0.47%
CHANA 18-12-2015 5069.00 -21.00 -0.41%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CORIANDER 18-12-2015 10591.00 231.00 2.23%
CASTOR SEED NEW 18-12-2015 3732.00 69.00 1.88%
COTTON SEED OIL CAKE
AKOLA
18-12-2015 1785.00 11.00 0.62%

4. Commodities In News
4
ECONOMIC NEWS
The centre plans to introduce a Direct Benefit Transfer scheme for cotton
farmers in response to a slowdown in global cotton consumption and the
demand for higher Minimum Support Price (MSP) for cotton by some
states.A pilot project has been launched under the Direct Payment
Deficiency System (DPDS) for payment of MSP guarantee to cotton
farmers at Hinganghat taluka of Maharashtra, according to a statement
released by the ministry. "Under this system, the farmers will directly get
the amount which is the difference between the MSP and the market price,
should the market price fall below the MSP," it stated.The centre already
increased the MSP for long staple cotton to Rs4,100 per quintal from
Rs4,050 per quintal in June 2015.To avail the benefit, farmers would have
to present proof of cotton sold at Agriculture Produce Market Committee
yards, said the ministry. They would also have to produce ownership
document, yield estimation and other details, it added."If the pilot is
successful, the DPDS would be rolled out in all cotton growing regions,"
said the ministry.The new move would benefit the farmers substantially,
according to textiles secretary SK Panda.Cotton procurement through the
traditional route of Cotton Corporation of India (CCI) and state federations
is expected to be lower than last year due to firm prices, which are ruling
above MSP, said the ministry. In the 2014-15 marketing season ended
October 2015, CCI had procured a record 8.6 million bales of cotton across
the country, it said.The ministry of textiles estimated cotton output in India
to decline this year to 36.5 million bales from 38 million bales last year due
to reduced sowing area."The yield however is actually estimated to rise
significantly this year, to 527.49 kg/ha from 493.77 kg last year, on sowing
of higher yielding seed," added the ministry in its statement.
Oil Palm Developers and Processors Association (OPDPA) the nodal
agency for oil palm development in India, has urged the government to
increase the import duty on crude palm oil to 45%. The government has
recently increased the import duty on crude palm oil to 17.5% from
5%.India's current vegetable oil import bill is to the tune of $10 billion out
of which 80% comprises of palm oil and its derivatives.
Chana settled flat due to rising domestic demand amidst lower stocks
in mandis. The uptrend got limited on prospects of rains in MP in
coming days as that could have beneficial impact on sowing. Since
imposition of the stock holding limits on pulses by the states, 1.3 lakh
tonnes of pulses have been seized till December 2.Chana Jan’16 futures
closed lower by 1.07 per cent at Rs. 4,791 per quintal. As per data
release by Agriculture Ministry, pulses planted on 100.4 lakh hac,
lower by 7 per cent compared to last year acreage as on Nov 27. The
acreage under chana reported higher in Maharashtra and Andhra
Pradesh compared to last year’s acreage but lower in Rajasthan as per
data released by respective state agriculture department. India has
imported 3.07 lakh tonnes (lt) of Chana until September in the current
financial year. Since imposition of the stockholding limits on pulses by
the states, 1.33 lt were seized until November 30. Over 20,000 tonnes
of pulses have been offloaded in the market so far as part of the
government's steps to boost domestic availability and control
prices.India's chana acreage was at 5.24 mln ha as of now, up 4.4%
from 5.02 mln ha a year ago, according to latest data from the
agriculture ministry.
Turmeric settled down amid profit booking after prices gained due to
limited arrivals of quality turmeric from the producing belts. Further,
concern over production due to heavy rains in south India too
supported turmeric prices uptrend. But prospects of rising new crop
arrivals in coming weeks limited the uptrend. In Telangana, the
turmeric crop is at vegetative to flowering stage, sources said that due
to recent rainfall in Tamil Nadu, it can offer some respite for the
standing crop.Sources added that heavy rainfall also occurred in few of
the coastal regions. At Warangal market sources reported arrivals at
150 bags, up by 50 bags from previous day’s arrivals. At Nizamabad
market arrivals were reported at 600 quintals, higher by 100 quintals as
compared to previous day. As per dept of commerce data, turmeric
exports till September, 2015 pegged at 50,916 tonnes while the export
for the 2014-15 is 90,738 tonnes compared to 78,360 tonnes in FY14.

5. 5
Fundamental Watch : Sugar
SUGAR PRICES AT KEY SPOT MARKETNational Market Update
351 sugar mills in India had produced 23.6 lakh tons of sugar in MY 2015-
16 (01st Oct, 2015 – 30th Nov, 2015) which was 24.3% higher than the sugar
produced last year during the same interval.
An early start up of crushing operation in Maharashtra this year led the state
to produce 12.87 lakh tons of sugar in 2015-16 16 (01st Oct, 2015 – 30th Nov,
2015) compared to 11.95 lakh tons of production in 2014-15 16 (01st Oct,
2014 – 30th Nov, 2014).
Cane crushing has been recently started in the state of Uttar Pradesh which
had churned out 1.80 lakh tons of sugar in 2015-16(till 30th Nov, 2015)
compared to 1.00 lakh tons of sugar in 2014-15 (till 30th nov, 2014).
Sugar production rose by 77.5% in Karnataka which had produced 5.68 lakh
tons of sugar in 2015-16 (01st Oct, 2015 – 30th Nov, 2015) as compared to
3.20 lakh tons of sugar in 2014-15 (01st Oct, 2014 – 30th Nov, 2014).
18 sugar mills in Gujarat had crushed around 2.25 lakh tons of sugar in
2015-16 (01st Oct, 2015 – 30th Nov, 2015) which was 33.1% higher than the
sugar produced last year during the corresponding period.
Indian sugar export rose by 25% as the country exported 77.6 thousand tons
of sugar this week (ending on 06th December, 2015) compared to 61.9
thousand tons of sugar exported the previous week.
Excessive rainfall in Brazil’s main centre south region resulted into a mere
sugar production of 0.70 MT in the second half of November, 2015 compared
to 1.2 MT os production in the first half of the month.
CENTER 10-Dec-15 09-Dec-15 Change
DELHI 2930 2900 +30
MUMBAI 2956 2930 +26
VIJAYWADA 3080 3000 +80
NAGPUR 2730 2680 +50
CHENNAI 2850 2850 UNCH
AMBIKAPUR NA NA -
DHAMPUR 2950 NA -

6. Technical Outlook
6
SELL CORIANDER JAN BELOW 10280 TARGET 10235 10085 SL
ABOVE 10345
SELL GUARGUM JAN BELOW 6060 TARGET 6010 5940 SL
ABOVE 6120
BUY TURMERIC APRIL ABOVE 10200 TARGET 10244 10304 SL
BELOW 10140
BUY CASTORSEED JAN ABOVE 3831 TARGET 3856 3886 SL
BELOW 3806

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