This daily agri commodity report provides market information on turmeric, coriander, guar gum, and castorseed. It discusses intraday support and resistance levels as well as short term trends for these commodities. It also outlines the top gainers and losers on the NCDEX, provides an economic news roundup on topics like wheat and oilseed imports, and gives a fundamental analysis of chana prices and production. Technical trading recommendations are provided for coriander, guar gum, and turmeric futures.

1. DAILY AGRI COMMODITY REPORT
14 March 2016
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 8902 9220 8902 9050 +1.55 19795
INTRADAY
LEVELS
SUPPORT SUPP. 1
8895
SUPP. 2
8793
PIVOT
9057
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
9213
RES. 2
9375
CORIANDER
APR 6844 6940 6710 6710 -2.89 8310
INTRADAY
LEVELS
SUPPORT SUPP.1
6633
SUPP. 2
6557
PIVOT
6787
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
6863
RES. 2
7017
GUARGUM
MAR 5420 5530 5420 5490 +1.10 4431
INTRADAY
LEVELS
SUPPORT SUPP. 1
5430
SUPP. 2
5370
PIVOT
5480
Guargum short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
5540
RES. 2
5590
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 4411 4387 +0.55
CORIANDER 6710 6910 -2.89
GUARGUM 5490 5430 +1.10
JEERA 14870 15165 -1.95
MUSTARD
SEED
3986 3913 +1.87
SOYABEAN 3700 3646 +1.48
TURMERIC 9050 8912 +1.55
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-04-2016 6710.00 -130.00 -1.90%
JEERA 18-03-2016 14870.00 -210.00 -1.39%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
RAPESEED-MUSTARD
SEED
20-04-2016 3986.00 69.00 1.76%
TURMERIC 20-04-2016 9050.00 130.00 1.46%
SOYABEAN 18-03-2016 3700.00 50.00 1.37%
BARLEY 20-04-2016 1448.00 8.00 0.56%
CHANA 20-04-2016 4411.00 22.00 0.50%
COTTON SEED OIL CAKE
AKOLA
18-03-2016 2196.00 4.00 0.18%

4. Commodities In News
4
ECONOMIC NEWS
Government is likely to initiate a market-linked insurance scheme for
plantation crops such as tea, coffee, tobacco and rubber to help growers
tide over the impact of price and yield fluctuations.The revenue insurance
scheme for plantation crops, an official said, will be launched once the
operational parameters are finalised by the government.It would be
implemented on a pilot basis in 7 districts and will provide insurance cover
against fluctuation in prices and yield, the official added.The scheme will
be funded from the price stabilisation fund for plantation crops.The price of
these crops are sensitive to developments in the international markets.
Besides, natural calamities too impact the productivity of these
crops.According to a Commerce and Industry Ministry report, these crops
are grown in about 16 lakh hectares and they provide direct employment to
about 17.10 lakh workers.Though the plantation crops occupy only about 1
per cent of the total cropped area, they generate about 15 per cent of the
total agricultural export earnings.The report has also stated that the growers
of plantation commodities are vulnerable to large risks in terms of
production caused by adverse climatic conditions, as also to price risks
caused by demand and supply situations and changes in domestic and
international prices."The plantation crops are traded in an extremely
competitive international market, which causes enhanced vulnerability in
times of severe price drop. Cartelisation and indirect subsidies in
international markets further increase price risks," it had said.On the other
hand, India needs to remain a credible supplier in the global market for
which price stability is an essential consideration.India is the largest
producer and consumer of black tea in the world. It is the sixth largest
producer of coffee and 4th in natural rubber production. The country is
among the largest producers and exporters of tobacco in the world.The
global wheat glut that's kept prices trapped in a bear market is showing
signs of easing after poor weather reduced harvest expectations in India
and Australia.World inventories will be 237.6 million metric tonnes, down
from 238.9 million tonnes estimated in February, the US Department of
Agriculture said Wednesday in Washington. The crop in India, the world's
biggest grower after China, will be 86.53 million tonnes.
Ref Soya oil on NCDEX settled down on profit booking after prices
gained amid expectation of damage in rabi oilseed due to unseasonal
rains. However, reports of higher imports of edible oil for the month of
February capped prices. India's exports of oilmeal, largely used for bird
and animal feed, dropped 52 per cent between April 2015 and February
2016, due to lower domestic output as crushing mills reduced their
operation capacity on disparity.Data compiled by the apex industry
body, the Solvent Extractors' Association (SEA), showed exports at
1.09 million tonnes (mt) in the first 11 months of the financial year,
compared to 2.26 mt in the corresponding period last year. It was four
mt in the comparable period of 2013-14. In February alone, India's
export fell 74 per cent to 53,866 tonnes from 208,499 tonnes in the
same month last year. As per latest SEA data, edible oils import decline
m-o-m to 12.55 lt 14.07 lt in January 2016 from 14.07 in December
2015. However, import of vegetable oils increased y-o-y during
January 2016 compared to 10.95 lt in January 2015.
Turmeric on NCDEX settled up on increasing demand for hybrid
turmeric at the spot markets. Though, some gains were capped due to
higher arrivals from the producing regions. New season crop has hit the
markets but majority of arrivals are of medium quality turmeric. There
are reports of production concern due to drought in Maharashtra and
Andhra Pradesh. There is concern over production due to heavy rains
during Nov-Dec in south India.As per dept of commerce data, turmeric
exports until Dec 2015 pegged at 64,100 tonnes while the export for the
2014-15 is 90,738 tonnes compared to 78,360 tonnes in FY14. As on
latest sowing data, turmeric sowing in AP, Telangana is lower than the
normal sowing. New Turmeric supply reported in the domestic market
pressurizes the prices at higher levels.The total area under turmeric
during 2014-15 has been estimated at 0.18 million hectares. Telangana,
Andhra Pradesh, Tamil Nadu, Odisha, Maharashtra, Karnataka and
West Bengal were the major turmeric producing states contributing to
85 per cent of total turmeric production of the country.

5. 5
Fundamental Watch : Chana
CHANA PRICES AT KEY SPOT MARKETNational Market Update
According to IBIS (provisional data), import of pulses in the week was
around 68 Thousand tonnes at major ports in India, around 16% higher than
previous week’s import of 59 Thousand tonnes. Cow Pea and Moong were
imported lower this week whereas Masoor, Kidney Bean, Pigeon Pea, Chana,
Green Pea, Urad and Yellow Pea were imported higher as compared to last
week.
Recent showers of rain in chana growing belt of MP may slow down
harvesting activities by 3-4 days .The fear of hailstorms and rough weather
this week as forecasted by IMD may hamper mature standing crop if rains
occur with hailstorm. There is no report of any damage from recent rains. If
rain continues harvesting of chana crop may get delay by couple of week and
it may support cash market once again.
Despite decreasing Arrival in tur market of Gulbarga prices stay steady as
demand is lower at this point of time .Market participants expect prices to
come down slightly from current level as quotes in International market has
decreased. Millers are engaged in fulfilling their short term requirement .In
brief Tur market is expected to stay steady to slightly lower in short term.
However, if export quotes get firmer market might move up from current
level.
According to local trader of Jhansi region in Uttar Pradesh, pea sowing area
is 20-30 % lower than last year due to lower rainfall. Arrivals of new pea crop
are expected in mid March. Overall crop condition is good. At present arrivals
in Jhansi mandi is in the range of 200-300 bags per day with price range of Rs
2500-2600 per bag.
CENTER 10-Mar-15 09-Mar-15 Change
AHMEDNAGAR 4200 4250 -50
ALWAR NA NA -
GWALIOR NA 4300 -
JAIPUR 4550 4550 UNCH
KANPUR 4825 4825 UNCH
NAGPUR 4100 4000 +100
VIJAYWADA 4470 4500 -30

6. Technical Outlook
6
SELL CORIANDER APR BELOW 6710 TARGET 6665 6515 SL
ABOVE 6775
BUY GUARGUM MAR ABOVE 5620 TARGET 5670 5740 SL
BELOW 5560
BUY TURMERIC APRIL ABOVE 9080 TARGET 9124 9184 SL
BELOW 9020

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