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1. DAILY AGRI COMMODITY REPORT
01 April 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 8410 8410 8096 8110 -3.82 16405
INTRADAY
LEVELS
SUPPORT SUPP. 1
8000
SUPP. 2
7891
PIVOT
8205
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8315
RES. 2
8519
CORIANDER
APR 7101 7180 7010 7050 -0.69 4060
INTRADAY
LEVELS
SUPPORT SUPP.1
6980
SUPP. 2
6910
PIVOT
7080
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
7150
RES. 2
7250
GUARGUM
APR 5530 5570 5390 5400 -2.70 13536
INTRADAY
LEVELS
SUPPORT SUPP. 1
5337
SUPP. 2
5273
PIVOT
5453
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5517
RES. 2
5633
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 4500 4529 -0.64
CORIANDER 7050 7099 -0.69
GUARGUM 5400 5550 -2.7
JEERA 15610 15485 +0.81
MUSTARD
SEED
4146 4159 -0.31
SOYABEAN 3994 3986 +0.20
TURMERIC 8110 8432 -3.82
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TURMERIC 20-04-2016 8110.00 -282.00 -3.36%
GUAR GUM 20-04-2016 5400.00 -150.00 -2.70%
CHANA 20-04-2016 4500.00 -52.00 -1.14%
BARLEY 20-04-2016 1523.00 -16.00 -1.04%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
JEERA 20-04-2016 15610.00 135.00 0.87%
SUGAR M GRADE 20-05-2016 3628.00 19.00 0.53%
WHEAT 20-04-2016 1566.00 6.00 0.38%
SOY BEAN 20-04-2016 3994.00 3.00 0.08%

4. Commodities In News
4
ECONOMIC NEWS
India's agriculture sector can grow 6% in 2016-17 if the country receives
normal monsoon rainfall this year, according to the government's premier
think tank NITI Aayog."After two back-to-back drought years, we should
not be surprised to achieve 6% agriculture growth in 2016-17. Area under
cultivation will be more and yields will increase leading to the growth,"
said Ramesh Chand, member at NITI Aayog.He said the agriculture sector
is expected to grow 1.2% in 2015-16, better than the minus 0.25% seen in
the previous fiscal. "The growth will be over 2013-14. It happens in
agriculture that growth sometimes falls to -0.5 % and sometimes touches
15%," Chand said.The monsoon rainfall, between June and September, was
14% below normal in 2015-16 and 12% deficient in 2014-15.The India
Meteorological Department will release its monsoon forecast in the last
week of April.If the quantity of tea at auction centres is any indication, then
more of the beverage will be available in the domestic market in 2016.The
quantity of tea that has arrived at the auction centre in Kolkata has
increased by 67% from a year ago to 70,000 packets. Auctioning will be
done in the first and second week of April."Rains during March have
improved tea production in Assam and Dooars. There was a dry spell in
February which had raised concern among planters, but rains brought relief
to them," said a senior tea industry executive.Kolkata auction centre had to
drop three sales in March as there was no tea on offer. In fact, in January,
tea production was down 16.26% from a year ago to 17.87 million
kg.Overall, India's tea production declined marginally to 1127.7 million kg
in the April-January period of FY16. Tea output during the first 10 months
of FY15 stood at 1,137.2 million kg, according to data from the Tea Board.
The lower output has been mainly due to unfavourable weather
conditions.India is expected to produce 25.64 million tonnes of sugar in the
2015/16 cane crushing season that began in October, a government source
said, lower than the previous official forecast of 26 million tonnes.The
government arrived at the output of 25.64 million tonnes after a meeting of
officials from key producing states, the source added.The second straight
drought has cut cane yields and is likely to hit sugar output in India, the
world's biggest producer of the sweetener after Brazil.
Chana on NCDEX settled up on anticipation of good demand for new
season crop. However, expectations of higher arrivals at spot markets
in coming days, capped some gains. Market participants were
expecting good spot demand in coming months as arrivals have dipped
in spot market across country. According to IMD, fresh spell of rain
may lash North-West this week due to western disturbances but still no
traces of rains in Rajasthan.There is great possibility of bringing rain,
thundershowers and hail over parts of North-West India and North-
Eastern India. Govt. is creating buffer stock for pulses including chana
so that they can stabilize the prices in years to come. Imported chana
has also hit the markets this month and traders & stockists are buying
up to their respective stock limits for the new season crop. India has
imported 5.79 lt of Chana until December in the current financial year.
In December, country imported over 2 lt of chana which is a record. In
the second advance estimate for 2015-16, government forecasted 8.09
mt of chana this year, which is more than production estimated last year
(7.17 mt).
Mustard Seed on NCDEX settled up supported by reports of higher
demand from oil mills and forecast of rains in north-western region.
India's 2015-16 rapeseed or mustard seed output is estimated at 5.8
million ton as against 5 million ton a year ago, said Central
Organisation for Oil Industry and Trade (COOIT) a trade body. The
untimely rains this year did help the mustard crop in some growing
regions. In Rajasthan, output this year has been pegged at 26.6 lt by
COOIT.According to latest Mar’16 USDA report, world production is
projected at 67.45 mt in 2015-16, which is lower by 6.27 per cent
compared to last year production. Production in EU, China and India
will decrease in 2015-16 compared to last year while Canada
production to increase by 5 % to 17.2 mt. Driven by higher yield of
mustard seed, India’s oilseed production is seen higher by about 7 lakh
tonnes (lt) for the year 2015-16 rabi season, according to the industry
estimates.

5. 5
Fundamental Watch : Cotton
COTTON PRICES AT KEY SPOT MARKETNational Market Update
Union Agriculture and Farmers Welfare Ministry has issued directives to the
States producing cotton to check the adverse effect of white fly on the crop. In
2015, white fly had caused extensive damage to cotton crop in Punjab and
Haryana. To save the crop from the fly, the Government has taken various
preventive measures.
NCDEX has helped raise the bar on quality of cotton bales traded in futures.
The stringent warehousing standards and surveillance system of the exchange
has helped address quality challenges faced by the industry. This has translated
into increased participation on the Exchange.
Declining cotton prices during the last few weeks have raised concerns
among the farmers. Currently the prices are Rs.3300 to Rs. 4000 per quintal
compared to around Rs.5500 to Rs.6000 per quintal two years ago. To support
the livelihood of cotton farmers, they have asked for a minimum price of
Rs.5000 per quintal.
The Cotton Association of India (CAI) has estimated cotton production at
345 lakh bales (of 170 kg each) in the 2015/16 season that started on October
01, 2015 lower by 37.75 lakh bales from earlier estimate. With carryover stock
of about 73.60 lakh bales and imports of about 14 lakh bales, the total
availability is estimated at around 432.60 lakh bales. However, CAI has
pegged the total consumption at around 304 lakh bales, of which 270 lakh
bales is estimated to be consumed by mills, 24 lakh bales by small scale units,
while 10 lakh bales is likely to be non-mill consumption.
CENTER 29-Mar-15 28-Mar-15 Change
RAJKOT Closed Closed -
BHIWANI 4900 4850 +50
ADAMPUR 4700 4675 +25
AHMEDABAD Closed Closed -
GONDAL Closed Closed -
GUNTUR NA NA -
RAICHUR 4800 4725 +75

6. Technical Outlook
6
SELL CORIANDER APR BELOW 7030 TARGET 6985 6835 SL
ABOVE 7095
SELL GUARGUM APRIL BELOW 5390 TARGET 5340 5270 SL
ABOVE 5450
SELL TURMERIC APRIL BELOW 8090 TARGET 8046 7986 SL
ABOVE 8150

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