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1. DAILY AGRI COMMODITY REPORT
17 June 2016
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
JULY 8060 8110 7996 8030 -0.10 5515
INTRADAY
LEVELS
SUPPORT SUPP. 1
7980
SUPP. 2
7931
PIVOT
8048
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8095
RES. 2
8159
CORIANDER
JULY 6985 6985 6812 6915 +0.73 3010
INTRADAY
LEVELS
SUPPORT SUPP.1
6823
SUPP. 2
6731
PIVOT
6904
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
6996
RES. 2
7077
GUARGUM
JULY 5580 5610 5390 5390 -3.92 20189
INTRADAY
LEVELS
SUPPORT SUPP. 1
5317
SUPP. 2
5243
PIVOT
5463
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5537
RES. 2
5683
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 6812 6863 -0.74
CORIANDER 6816 6822 -0.09
GUARGUM 5310 5530 -3.98
JEERA 17020 17190 -0.99
MUSTARD
SEED
4603 4691 -1.88
SOYABEAN 3827 3887 -1.54
TURMERIC 7968 7948 +0.25
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
SOY BEAN 20-06-2016 3827.00 -50.00 -1.29%
BARLEY 20-06-2016 1560.00 -19.00 -1.20%
JEERA 20-06-2016 17020.00 -130.00 -0.76%
CHANA 20-06-2016 6812.00 -43.00 -0.63%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-06-2016 6816.00 47.00 0.69%
TURMERIC 20-06-2016 7968.00 18.00 0.23%

4. Commodities In News
4
ECONOMIC NEWS
The government has decided to import more pulses to contain soaring
prices while it took note of rising prices of vegetables that have together
caused a sharp spike in retail inflation in the last couple of months.
Government will import pulses from Myanmar and Africa to beef up stock
as prices rose to over Rs 170 a kg following a weak start to the
monsoon.Finance minister Arun Jaitley discussed price situation at a high-
level meeting attended by agriculture minister Radha Mohan Singh, food
minister Ram Vilas Paswan, transport minister Nitin Gadkari, commerce
minister Nirmala Sitharaman and urban development minister M Venkaiah
Naidu. Officials from the prime minister's office also attended the
meeting."In the meeting, the pulses issue was discussed in detail. Our
department was told to procure more pulses for buffer stock," Paswan said
after the meeting. A team of officials will go to pulses-growing nations like
Myanmar and Africa immediately to explore government-togovernment
imports, he added. Simultaneously, it will use its buffer stock to boost
market supply.As much as 10,000 tonnes of pulses have already been
released from buffer stock to contain the price rise. Consumer inflation rose
to a near two-year high of 5.76% in May while wholesale inflation stood at
0.79%, driven by higher prices of meat, fish, eggs, fruits, sugar, and
vegetables. Retail price of tomatoes has spiked to around Rs 100 a kg in
some markets.Food ministry is keeping a tab on prices of sugar, wheat,
tomato and other essential food items. Wednesday's meeting also discussed
reasons for rise in prices and also possible remedies. The monsoon has
started on a weak note with 25% deficit so far even as the government and
private forecasters have stuck with estimates of an above normal
monsoon.Retail annual inflation in food and beverages was 7.2% in May
while inflation in pulses and products was as high as 31.6%. The
government has so far managed to procure 1.15 lakh tonne of pulses to
create a buffer against a target of 1.5 lakh tonnes, Paswan said. Rabi
procurement is still on. "The finance minister also said that imports via
public and private agencies should be strengthened to meet the deficit,"
Paswan said.
Ref Soya Oil on NCDEX settled down on reports of sufficient
supplies in the physical market as edible oil imports into the country
decline last month. Prices of the oil were under pressure as USDA in its
WASDE reported hiked 2016-17 soy oil inventories to 920,000 tons in
June compared to 910,000 in May. Moreover, the department in its
weekly sales reported stated that net sales for 2015/16 dropped 68% to
14,500 tons on week, indicating lack of demand in export
market.Oilmeal exports during May 2016 are reported at only 7,737
tons compared to 121,339 tons in May 2015 - down by 94% according
to data compiled by Solvent Extractors' Association of India. Farmers
of MP and Maharashtra may switch to pulses and other cash crop due
to lower crushing demand. According to the SOPA, output of the
soybean for 2015-16 is forecasted down at 6.9 mt, compared to earlier
estimate of 7.4 mt. As per SEA data, Import of vegetable oils during
May, 2016 is reported at 10.25 lakh tons (lt) compared to 13.72 lt in
May, 2015, down by 25% due to highest stock at port and pipeline and
reduced demand due to summer.
Aggressive buying by the private players has hurt wheat procurement
by the Food Corporation of India(FCI). FCI's wheat procurement
during 2016-17 rabi marketing season plunged by over n 22% to 22.9
million tonne (MT) from last year’s level.Private players procure wheat
from farmers in Uttar Pradesh, Rajasthan and Madhya Pradesh
aggressively which prompted the decline in the FCI purchases. As a
result FCI has asked teh state units to verify the extent of private
purchases.“Throughout the procurement drive which began on April 1,
market prices of wheat have been ruling above minimum support price
(MSP) in Uttar Pradesh, Madhya Pradesh and Rajasthan,” Financial
Express quoted a food ministry official.

5. 5
Fundamental Watch : Chana
CHANA PRICES AT KEY SPOT MARKETNational Market Update
Government decides to increase the buffer stock of pulses from 1.5 Lakh
tonnes to 8 Lakh tonnes to ensure continuous flow and to curb down rising
prices. This increase in quantity is expected to help farmers to sell pulses at
reasonable rate. At present Central Government is providing un-milled tur and
urad from buffer stock to state governments at Rs 66 per kg for retail
distribution at not more than Rs 120.
According to IBIS (provisional data), import of pulses in the week (06 June-
12 June) was around 61 Thousand tonnes at major ports in India, around 40%
lower than previous week’s (30 May-05 June) import of 101.1 Thousand
tonnes. Chana, Green Pea, Cow Pea, Kidney Bean, Urad, Pigeon Pea and
Moong were imported higher this week whereas Masoor and Yellow Pea were
imported lower as compared to last week.
According to IBIS, India green pea imports were around 5.75 Thousand MT
tones in the week (06 June-12 June) which is around 63% higher than last
week (30 May-05 June).Last week it was 3.52 Thousand MT. Canada exported
around 1.65 thousand MT at an average price of $ 404.98 Cif per tonne. At
present Green Pea price in Mumbai market is going around Rs 3100-3200 per
quintal.
According to IBIS (provisional data), India moth imports were around 0.01
Thousand MT tonnes in the week (06 June-12 June) which is around 80%
lower than last week (30 May-05 June).Last week it was 0.46 Thousand MT.
At present, moth price in Jaipur market is hovering around Rs 5700-5800 per
quintal.
CENTER 16-Jun-16 15-May-16 Change
AHMEDNAGAR 6700 6600 +100
ALWAR 6725 6600 +125
GWALIOR 6700 6500 +200
JAIPUR 7100 7000 +100
KANPUR NA NA -
NAGPUR 6600 6600 Unch
VIJAYWADA 7050 7000 +50

6. Technical Outlook
6
SELL CORIANDER JULY BELOW 6800 TARGET 6755 6655 SL
ABOVE 6865
SELL GUARGUM JULY BELOW 5390 TARGET 5340 5270 SL
ABOVE 5450
SELL TURMERIC JULY BELOW 7996 TARGET 7952 7892 SL
ABOVE 8056

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