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1. DAILY AGRI COMMODITY REPORT
23 November 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
DEC 9920 9952 9760 9792 11785 25535
INTRADAY
LEVELS
SUPPORT SUPP. 1
9717
SUPP. 2
9643
PIVOT
9835
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
9909
RES. 2
10027
CORIANDER
DEC 10525 10675 10415 10442 -0.95 5680
INTRADAY
LEVELS
SUPPORT SUPP.1
10346
SUPP. 2
10251
PIVOT
10511
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
10606
RES. 2
10771
GUARGUM
DEC 7420 7430 7160 7170 -3.76 20865
INTRADAY
LEVELS
SUPPORT SUPP. 1
7071
SUPP. 2
6983
PIVOT
7253
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
7347
RES. 2
7523
CASTORSEED
DEC 4198 4198 4156 4162 -1.09 74930
INTRADAY
LEVELS
SUPPORT SUPP. 1
4146
SUPP. 2
4130
PIVOT
4172
Castorseed short term
trend is bearish and
May continue in
coming day.RESISTAN
CE
RES. 1
4188
RES. 2
4214

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4055 4147 -2.22
CHANA 5217 5401 -3.41
CORIANDER 9893 9930 -0.37
GUARGUM 7110 7370 -3.53
JEERA 15565 15595 -0.19
MUSTARD
SEED
4580 4699 -2.53
SOYABEAN 3812 3832 -0.52
TURMERIC 9590 9644 -0.56
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
RAPESEED-MUSTARD
SEED
18-12-2015 4801.00 -94.00 -1.92%
COTTON SEED OIL CAKE
AKOLA
18-12-2015 1688.00 -29.00 -1.69%
CHANA 18-12-2015 5024.00 -70.00 -1.37%
SOYABEAN 18-12-2015 3920.00 -50.00 -1.26%
TURMERIC 18-12-2015 9792.00 -108.00 -1.09%
CASTOR SEED NEW 18-12-2015 4162.00 -43.00 -1.02%
CORIANDER 18-12-2015 10442.00 -88.00 -0.84%
JEERA 18-12-2015 15665.00 -120.00 -0.76%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %

4. Commodities In News
4
ECONOMIC NEWS
Co-operatives will buy paddy from farmers on the back of Rs 400 crore
bank guarantee offered by the West Bengal government. This was
indicated by the state agriculture minister Purnendu Basu at the 5th Agro
Protech 2015.Basu said "Co-operatives will buy paddy from farmers on the
back of Rs 400 crore bank guarantee offered by the state government. We
are offering a price of Rs 1425 per quintalin krishi mandis to counter
distress sale of paddy". West Bengal is the largest rice producing state in
the country.He informed that India is very high on bio-diversity with over
7% of the animal species worldwide living in the country. Pointing to
increased rural urban migration, he called for greater gender equality in
agri policy formulation and implementation. Informing that the state of
West Bengal has received the Krishi Karman Award for coarse cereals, he
called for farm mechanization to increase agri productivity. He informed
that the state is instituting the Krishi Ratna award at the block level to
incentivize the farmers.Arup Roy, the state agricultural marketing minister
informed that the state agriculture is dominated by small and marginal
farmers. He elaborated about innovative state government initiatives like
"Amar fasal, Amar Gari" & "Amar fasal, Amar Gola" which has been
introduced to support better agri marketing initiatives and storage facilities
for agri produce.
Haryana government said the special 'girdawari' to assess damage of
cotton, guar, bajra and other Kharif crops by white fly and other pests is
almost complete and distribution of compensation would start soon."The
special 'girdawari' to assess the damage caused by white fly and other pests
on crops was almost over and disbursing of compensation would start
within the next 20 days," Haryana Agriculture Minister, O P Dhankar
said.Stating the state government is committed to increase the income of
farmers and make them prosperous, he said, "For this, centres of excellence
for fruits and vegetables have been established to encourage them to take
up horticulture and cultivation of other cash crops instead of traditional
ones."
Sugar prices gain in the futures tracking International prices.
Recently, government decided to pay a production subsidy of Rs 4.50
per quintal directly to cane farmers in 2015-16 season which may
reduce financial burden on mills. Sugar Dec contract closed higher by
1.12 per cent at Rs 2,697 per quintal.The crushing operations of the
current sugar season (SS 2015-16), which began late October/early
November, have seen an encouraging beginning. Till November 15,
sugar mills produced 7.61 lakh tonne as against 5.74 lakh tonne in the
corresponding period last year, a rise of 33%. According to ICRA
report, India's sugar output is estimated to decline by 4.62 per cent to
26.8 million tonnes in the 2015-16 marketing year. According to trade
sources, Maharashtra sugar mills have recently contracted to exports
more than 200,000 tonnes of white sugar.
Chana futures fall yesterday as demand in retail market was subdued
due to higher prices. India's chana sowing progress up by 43.2% this
year at 24.5 lakh ha compared to 17.1 lakh ha sown a year ago,
according to latest data from the agriculture ministry. Recently
Exchange increased special margin, in cash, for the buy side by 25 per
cent.Maharashtra has exempted stock limit for pulses importers but
once it sells the imported pulses to a wholesaler, the limit will become
applicable. The Agriculture Ministry has sought inter-ministerial
comments on a proposal to create a buffer stock of 3.5 lakh tonnes of
pulses in 2015-16 crop year. The sowing of chickpea has already begun
and early trends suggest that acreage under this main pulses crop is set
to make a significant gain this season. Wet weather in Australia has
spurred an "aggressive" rise in chickpea prices at Aus$810 a tonne
from $790 a week ago.
Turmeric futures (Dec) is expected to trade in the range of 9800-
10000 with upside bias. Lower supply due to heavy rainfall in turmeric
fields of Tamil Nadu and Karnataka, Reports of decline in production
may support the prices. But profit booking at higher level cannot be
denied.

5. 5
Fundamental Watch : Cotton
COTTON PRICES AT KEY SPOT MARKETNational Market Update
Cotton procurement by Government would be around 20 to 25 Lakh bales
this year against the 87 lakh bales during the last year, said Cotton Corporation
of India (CCI). As cotton prices are ruling above the MSP of Rs 4100 per
quintal in most of the cotton trading states of country, CCI would be buying
cotton at higher prices. Also the intervention of CCI is not necessary if farmers
are getting the genuine price i.e. prices over and above of MSP.
Cotton production in India during the season 2015-16 according to USDA
would be around 6.205 million tons (approx. 365 lakh bales), around 3.5%
lower when compared to the production of previous season which was 6.423
million tons (approx. 377.8 Lakh bales).
Maharashtra government has started the cotton procurement in state under
MSP scheme via Maharashtra State Cooperative Cotton-Growers Marketing
Federation. So far only three centers are operating in state but the numbers are
likely to reach 17 shortly and it may reach to 96 if CCI outsources its duty to
the federation. The chairperson said that during the previous season they
procured only 27 Lakh quintal of cotton, but this year they may buy up to 100
lakh quintal.
India exported 2.634 lakh bales of cotton last week (09 Nov-15 Nov 2015),
which was 2.618 lakh bales previous to last week (02 Nov-08 Nov 2015),
according to the data released by IBIS and compiled by Agriwatch. Imports on
the other hand stood 0.028 lakh bales last week, which was 0.192 lakh bales
previous to last week.
CENTER 20-Nov-15 19-Nov-15 Change
RAJKOT 4475 4500 -100
BHIWANI 4430 4450 -20
ADAMPUR NA 4290 -
AHMEDABAD 4450 4400 +50
GONDAL 4440 4450 -10
GUNTUR NA NA -
RAICHUR NA 4270 -

6. Technical Outlook
6
SELL CORIANDER DEC BELOW 10380 TARGET 10330 10180 SL
ABOVE 10450
SELL GUARGUM DEC BELOW 7100 TARGET 7050 6980 SL
ABOVE 7160
BUY TURMERIC DEC ABOVE 9882 TARGET 9926 9986 SL
BELOW 9822
SELL CASTORSEED DEC BELOW 4140 TARGET 4115 4085 SL
ABOVE 4165

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