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1. DAILY AGRI COMMODITY REPORT
17 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 9278 9278 9000 9010 -2.80 13200
INTRADAY
LEVELS
SUPPORT SUPP. 1
8914
SUPP. 2
8818
PIVOT
9096
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
9112
RES. 2
9374
CORIANDER
APR 6654 6732 6611 6630 -0.75 5370
INTRADAY
LEVELS
SUPPORT SUPP.1
6583
SUPP. 2
6537
PIVOT
6658
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
6704
RES. 2
6779
GUARGUM
APR 5530 5540 5360 5410 -1.99 10200
INTRADAY
LEVELS
SUPPORT SUPP. 1
5333
SUPP. 2
5257
PIVOT
5437
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5513
RES. 2
5617
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 4372 4383 -0.25
CORIANDER 6630 6680 -0.75
GUARGUM 5360 5470 -2.01
JEERA 14610 14810 -1.35
MUSTARD
SEED
3913 3931 -0.46
SOYABEAN 3664 3669 -0.14
TURMERIC 9010 9270 -2.80
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TURMERIC 20-04-2016 9010.00 -218.00 -2.36%
JEERA 18-03-2016 14610.00 -205.00 -1.38%
CORIANDER 20-04-2016 6630.00 -51.00 -0.76%
RAPESEED-MUSTARD
SEED
20-04-2016 3913.00 -10.00 -0.25%
CHANA 20-04-2016 4372.00 -7.00 -0.16%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
COTTON SEED OIL CAKE
AKOLA
18-03-2016 2150.00 20.00 0.94%
BARLEY 20-04-2016 1438.50 6.50 0.45%
SOYABEAN 18-03-2016 3664.00 2.00 0.05%

4. Commodities In News
4
ECONOMIC NEWS
Government ruled out any new package or loan waiver to sugar mills
although their dues to sugarcane farmers have touched Rs 15,893
crore.Due to surplus output in the last four years and depressed prices, the
liquidity of sugar mills have been "adversely" affected leading to
accumulation of cane price arrears of the farmers, Food Minister Ram Vilas
Paswan said in a written reply to Lok Sabha.As on March 5, cane price
arrears to farmers reached Rs 15,893.36 crore in over past three years, he
said.Of the total, Rs 13,644 crore is for the ongoing 2015-16 season
(October-September), while Rs 1,366 crore is for the 2014-15 season and
Rs 882.07 crore for 2013-14 and earlier seasons, he added.Asked if the
government proposes to provide any package to improve the condition of
sugar mills and ensure timely payment of cane arrears, Paswan said: "There
is no new proposal under consideration of the government to provide any
package/ incentive including creation of buffer stocks.""There is no plan
under consideration of the government to waive loan provided to the sugar
mills."The government has extended financial assistance in the form of soft
loan, incentive on raw sugar export and performance-based production
subsidy scheme in order to improve the liquidity position of the sugar mills
enabling them to make timely payment of sugarcane dues, he said.The
financial assistance provided by the government are utilised to facilitate
liquidation of cane price arrears of farmers. This is ensured through
submission of utilisation certificate of sugar mills duly verified by the state
government, he added.Sugar production is estimated to be 26 million
tonnes for the 2015-16 season, lower than 28.1 million tonnes last year.The
government will launch an online system this week to automate the
operations at FCI depots in order to minimise storage losses of
foodgrains.State-run Food Corporation of India (FCI), the nodal agency for
procurement and distribution of foodgrains for the PDS, has been incurring
financial loss because of damage to foodgrains and storage and transit
losses.There are about 2,000-odd depots including hired ones.By July, 540-
odd FCI-owned depots will be made online and later hired depots will also
be brought under this system, the official added.
Jeera on NCDEX settled down on profit booking amid lack of export
demand. However downside seen limited on concerns over lower
output due to jeera flower dropping in some areas in north Gujarat.
There are reports of damage to jeera crop in some areas in Saurashtra
due to unseasonal rains. Moreover, the production in Syria and Turkey,
the second and third largest producer of cumin seed in the world is
projected to be 15% lower due to the geo-political tensions.As per
second advance estimate of Gujarat for 2015-16 jeera production is
pegged at 211,000 ton up from 197,000 a year ago. As per second
advance estimate of Gujarat for 2015-16 jeera production is pegged at
211,000 ton up from 197,000 a year ago.According to Dept of
Commerce data, the export of jeera during first 8 month of 2015- 16
(Apr-Nov) is 56,787 ton, which is, lower as compared to last year. As
per the final rabi sowing report, Gujarat has planted more cumin
compared to last year sowing progress. Jeera is planted in about 10.8%
more area at 2,95,400 hectares compared to 2,66,700 hectares last year
same time.
Mustard Seed on NCDEX settled down on weak demand for the seed
in export market. The uncertain weather conditions over northern India
in the coming 2-3 days have raised concerns regarding Rabi crops
including RM Seed. Unseasonal rainfall and hailstorm may play
spoilsport with the standing RM Seed crops whose production
estimates is expected to be higher in the current season.India's rape
seed oilmeal exports plunged 84.32% to 9,803 tons in February
compared to 62,545 tons for the corresponding period a year earlier,
data released by SEA of India showed. Global rapeseed imports for
2015/16 are forecast 180,000 tons higher this month to 13.3 million,
primarily based on an expectation of higher EU trade. Due to stronger
demand, world ending stocks are seen 331,000 tons lower this month to
an 8-year low. For the EU, rapeseed crushing has been steady despite
shrinking domestic stocks. EU rapeseed imports have ramped up as a
result, with 2015/16 trade forecast up 400,000 tons this month to 2.8
million.

5. 5
Fundamental Watch : Castorseed
CASTORSEED PRICES AT KEY SPOT
MARKET
National Market Update
As expected last week castor markets continued to trade under pressure and
prices decreased around Rs 100 to Rs 150 per qtl. during last three days. It
may trade stable around current level until arrival peaks up by the end of this
month. Farmers may release lesser quantity as prices are ruling lower.
Castor oil export increased by 67.91 % to 14263.29 tonne during the week
ended 13th March- 2016.India had exported 8494.36 tonne castor oil before
the week under review. Ave export quote realized at the rate of $1084.88 per
tonne, higher by2.07 % from last week ending6th march-2016.As prices are
ruling lower, export demand would continue with same pace. Availability is
enough and seed supply from new crop to the plants would continue. Ave FoB
quote would hinge in the range of $1025 to$1075 per tonne.
Castor seed all India average price decreased by 1.70 % to Rs 2974.82 per
qtl week on week basis. It was being traded at Rs 3026.49 per qtl. during the
week ended 7th March-2016. Slight dip from current level is likely as pressure
from new crop would increase. However, any major dip in cash market seems
a remote possibility as farmers may prefer to retain stock than to sell it at
lower price.
Market fundamentals and recent developments hint that the year will remain
favorable for castor oil consumers as upside potential is very limited in the
short to medium term. Speculators have burnt their fingers and would prefer to
remain sidelined in futures if futures contracts are re-launched. Under current
condition castor business may revert to fundamental good demand -supply
equations.
CENTER 16-Mar-15 15-Mar-15 Change
SUMERPUR 2875 2900 -25
PATAN 3000 3100 -100
MEHSANA 3025 3040 -15
BHABAR 3025 3075 -50
HARJI 3040 3050 -10
RAJKOT 2905 3015 -110
KADI 3025 3060 -35

6. Technical Outlook
6
SELL CORIANDER APR BELOW 6630 TARGET 6585 6435 SL
ABOVE 6695
SELL GUARGUM APRIL BELOW 5340 TARGET 5290 5220 SL
ABOVE 5400
SELL TURMERIC APRIL BELOW 8960 TARGET 8916 8856 SL
ABOVE 9020

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