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1. DAILY AGRI COMMODITY REPORT
14 July 2016
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
AUG 8098 8098 7982 8030 -0.10 4565
INTRADAY
LEVELS
SUPPORT SUPP. 1
7975
SUPP. 2
7921
PIVOT
8037
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8091
RES. 2
8153
CORIANDER
AUG 7720 7780 7657 7692 +0.14 4670
INTRADAY
LEVELS
SUPPORT SUPP.1
7639
SUPP. 2
7587
PIVOT
7710
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
7762
RES. 2
7833
GUARGUM
OCT 7050 7120 6910 7120 +3.94 -
INTRADAY
LEVELS
SUPPORT SUPP. 1
6980
SUPP. 2
6840
PIVOT
7050
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
7190
RES. 2
7260
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTAN
CE
RES. 1
-
RES. 2
-

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED - - -
CHANA 9100 9194 -1.02
CORIANDER 7692 7729 -0.48
GUARGUM 7120 7120 -
JEERA 18995 19090 -0.50
MUSTARD
SEED
4960 4956 +0.08
SOYABEAN 3848 3851 -0.08
TURMERIC 8030 8050 -0.25
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
GUAR GUM 20-07-2016 6700.00 250.00 3.88%
GUAR SEED 10 MT 20-07-2016 3636.00 107.00 3.03%
COTTON SEED OIL CAKE
AKOLA
20-07-2016 2654.00 66.00 2.55%
RAPESEED-MUSTARD
SEED
20-07-2016 4887.00 92.00 1.92%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-07-2016 18620.00 -190.00 -1.01%
CHANA 20-07-2016 9100.00 -14.00 -0.15%

4. Commodities In News
4
ECONOMIC NEWS
 Sowing of kharif crops has gathered pace across the country amid good
rainfall in July that has made up for the delayed onset of monsoon, raising
hopes of higher growth in businesses dependent on the farm sector and
lower dependence on imports for commodities such as cotton, maize and
soybean. Good kharif sowing is essential to cool down the retail inflation,
which increased 5.77 per cent in June against 5.76 per cent in May, mainly
driven by food prices. Key crops such as cotton, pulses and soybean are
entering the last stage of sowing for the current season, people familiar
with the matter said. The actual sowing figures, especially of cotton, are
likely to be higher than the official figures as the pace of sowing has
quickened, they said. "Cotton sowing in the top cotton producing states of
Gujarat and Maharashtra is going on briskly as spread of rainfall has been
good for sowing," said Keshav Kranthi, director at the Central Cotton
Research Institute in Nagpur. The domestic prices of ginned cotton
increased significantly to about Rs 122 per kg in April from Rs 90-92 a
year ago. Nonetheless, the total area under cotton cultivation is expected to
decline to 105 lakh hectares from 118 lakh hectares last year mainly due to
lower returns on the fiber crop and high prices of pulses. On July 8, the
total area was 19.9 lakh hectares less than that last year. In second largest
producer Maharashtra, area under cotton on July 11 was 11.27 per cent less
than that a year ago. Experts said the increase in prices could drive farmers
towards cotton in the days to come. The spurt in cotton prices is beyond
expectations and points to a severe shortage of cotton in the domestic
markets, said Anil Gupta, vice president-corporate sector ratings at ICRA.
Slower cotton sowing and decline in cotton sown area, apart from cotton
stocking by intermediaries, could have led to this sharp rise in prices, he
said. "However, the recent increase in cotton prices can motivate the
farmers further and the cotton sowing area can improve in the coming
months," Gupta said. Cotton and soybean farmers from Maharashtra have
substantially increased area under pulses, with highest increase of more
than 35 per cent in area.
 Spot turmeric prices increased at Erode markets on Wednesday due
to fresh local demand. Turmeric growers brought a limited stock of
3,500 bags and 70 per cent of the stocks were sold. The finger variety
gained ₹100 a quintal and all the 400 bags of local hybrid varieties
were sold. In the Erode Turmeric Merchants Association sales yard,
some bags of quality root variety fetched increased price and all such
quality root variety turmeric bags were sold. At the Erode Turmeric
Merchants Association, the finger turmeric was sold at ₹7,289-9,069 a
quintal and the root variety ₹7,088-8,391. Of the arrival of 858 bags,
698 were sold.
 Guar gum futures traded higher by Rs 220 to Rs 6,670 per quintal
today as speculators indulged in enlarging positions, driven by strong
demand at the spot markets amid reports of lower plantings in growing
regions. At the National Commodity and Derivatives Exchange, guar
gum for delivery this month rose by another Rs 220, or 3.41 per cent, to
Rs 6,670 per quintal, with an open interest of 2,254 lots. On similar
lines, the most-active delivery in far-month October was trading higher
by Rs 150, or 2.19 per cent, to Rs 7,000 per quintal, having an open
interest of 48,657 lots. Market men attributed persistent rise in guar
gum prices at futures trade to widening of positions by speculators,
triggered by strong demand at the physical markets from consuming
industries. Besides reports of lower acreage in growing regions due to
deficient rains, too supported the up move, they added.
 India’s cotton output is likely to decline 12.4 per cent to hit the
lowest in five years for the current crop year (October 2015–September
2016), due to crop damage in major producing states. On Wednesday,
the Cotton Advisory Board (CAB) under the Union ministry of
textiles lowered the forecast it had made in February, saying the picture
was now clearer. Output is now estimated at 33.8 million bales (a bale
is 170 kg) for the current crop year, as against 38.6 mn bales the
previous year (when drought had hit many states).

5. Technical Outlook
5
BUY CORIANDER AUG ABOVE 7780 TARGET 7825 7925 SL
BELOW 7715
BUY GUARGUM OCT ABOVE 7120 TARGET 7170 7240 SL
BELOW 7060
SELL TURMERIC AUG BELOW 7890 TARGET 7846 7786 SL
ABOVE 7950

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