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1. DAILY AGRI COMMODITY REPORT
27 May 2016
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
JUNE 7930 8198 7868 8064 +1.74 10545
INTRADAY
LEVELS
SUPPORT SUPP. 1
7889
SUPP. 2
7713
PIVOT
8043
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8219
RES. 2
8373
CORIANDER
JUNE 6777 6879 6718 6875 +1.03 3940
INTRADAY
LEVELS
SUPPORT SUPP.1
6769
SUPP. 2
6663
PIVOT
6824
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
6930
RES. 2
6985
GUARGUM
JUNE 5060 5180 5060 5160 +1.93 10431
INTRADAY
LEVELS
SUPPORT SUPP. 1
5087
SUPP. 2
5013
PIVOT
5133
Guargum short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
5207
RES. 2
5253
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 6105 6023 +1.36
CORIANDER 6875 6805 +1.03
GUARGUM 5160 5060 +1.98
JEERA 16095 15935 +1.00
MUSTARD
SEED
4392 4362 +0.69
SOYABEAN 3939 3897 +1.08
TURMERIC 8064 7926 +1.74
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
WHEAT 20-06-2016 1661.00 -2.00 -0.12%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
GUAR GUM 20-06-2016 5160.00 90.00 1.78%
TURMERIC 20-06-2016 8064.00 138.00 1.74%
CHANA 20-06-2016 6105.00 94.00 1.56%
CORIANDER 20-06-2016 6875.00 75.00 1.10%
JEERA 20-06-2016 16095.00 145.00 0.91%

4. Commodities In News
4
ECONOMIC NEWS
The government has set a target to achieve a record foodgrains
production of 270.10 million tonnes in 2016-17 crop year on hopes of
bountiful rains after two consecutive drought years.The country had last
achieved a record output of 265.04 million tonnes (MT) in 2013-15.
However, the production in 2014-15 and 2015-16 fell to 252.02 MT and
253.23 MT, respectively, due to drought in more than ten states.For this
year, the Met Department has forecast better than normal monsoon, the
arrival of which in Kerala is expected to be delayed by a week."We have
set an ambitious foodgrains production target at 270.10 MT for the 2016-
17 crop year (July-June), which is much higher than the last year's target of
264.10 MT and even the actual output of record 265.04 MT in 2013-14," a
senior Agriculture Ministry official told PTI.Higher target has been kept
keeping in view the possibility of good monsoon and impact of several
schemes like soil health card and Pradhan Mantri Fasal Bhima Yojana, the
official added.The agri crops are grown in the kharif (summer) and rabi
(winter) seasons of the crop year (July-June). The sowing of Kharif season
normally begins with the onset of south west monsoon from June.
Harvesting begins from October.Among foodgrains category, the
government is aiming record rice output of 108.50 MT, wheat at 96.50 MT,
coarse cereals at 44.35 MT and pulses at 20.75 MT in 2016-17.As per the
third advance estimated of the Agriculture Ministry, rice production in
2015-16 is estimated to be down at 103.36 MT, wheat at 94.04 MT, coarse
cereals 37.78 MT and pulses at 17.06 MT.In case of cash crops, the
government has not kept much bigger production targets for 2016-17 and is
aiming sugarcane output of 355 MT, cotton at 36 million bales (170 kg)
and jute/mesta at 11.70 million bales (of 180 kg).At present, farmers are
preparing the fields to start sowing operations with the monsoon arrival.
The government has positioned good quality seeds, fertilisers and other
farm inputs required for sowing of kharif crops.
Ref Soya oil on NCDEX settled down on anticipating supply glut in
physical market on report of higher imports on vegetable oil. India's
edible oil import bill is likely to rise by 15-20 per cent this oil year
(November '15-October '16), on a sharp increase in the price of crude
palm oil (CPO) in global markets and a widening supply deficit. A fall
in production from local sources, and a spurt in demand on subdued
prices over the past year, has widened the deficit in India. According to
Solvent Extractors Association (SEA), India imported 12.30 lakh tons
of edible oil in April 2016 compared to 10.98 lakh tons in April 2015,
higher by 12 percent y-o-y.Palm oil imports rose marginally to 7.30
lakh tons in April compared to 7.25 lakh tons in April 2015. CPO
imports slowed to 3.92 lakh tons in April compared to 5.31 lakh tons in
April 2015, lower by 35.5 percent y-o-y. RBD palmolein imports
surged to 3.26 lakh tons from 1.88 lakh tons in April 2015, higher by
73.4 percent y-o-y. Soy oil again registered robust imports of 3.48 lakh
tons in April compared to 1.89 lakh tons of imports in April 2015,
higher by 84 percent y-o-y.
Mustard Seed on NCDEX settled down on good market arrivals as
steady demand. The prices are moving in a range on forecast of above
normal monsoon and higher edible oil imports. Market participants’ are
active at lower prices due to steady demand from stockists as arrivals
may dwindle in coming weeks. Forecast of good monsoon may
pressurize oilseeds on expectations that there will be bumper crop in
next season.In Canada, farmers were expected to cut sowings of the
rapeseed variant by 4% this year to a five-year low of 7.8m hectares
due to attack of disease and pests. The EU’s rapeseed harvest will fall
this summer after frost hit crops in Poland while insect damage is
causing concern in France and Britain. According to latest Apr’16
USDA report, global rapeseed production is forecast to decline in
2016/17 to 66.15 mt. In 2015-16, the production is pegged at 68.23 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 : Castorseed
CASTORSEED PRICES AT KEY SPOT
MARKET
National Market Update
India exported 11996.83 MT castor oil during week ended 24th May-2016 at
an average price of $1138.30 per MT. It is higher by 20.05 % from previous
week. The maximum and minimum prices were registered at $8158.7 and 488
per MT. Castor oil export would continue to stay steady as prices are lower
than normal expectation.
SEBI has turned up the heat on the senior management of NCDEX for their
alleged role in the recent failure/malpractices in castor seed futures trading. It
has asked the board of NCDEX to examine the senior management's
involvement in the issue and report to the regulator by the month-end the
action it plans to take. The matter relates to 13 clients, who held long or
outstanding buy positions worth Rs 540 crore or 10 per cent of the country's
annual production of castor seed, defaulting on their pay in obligations to four
brokers, after a crash in the castor seed February contract price.
All India average price for castor seed decreased by 3.25 % from Rs 3274.55
to Rs 3168.06 perqtl during the week ended 21st May-2016. It is slightly
higher from the price registered during the first week of May-2016However,it
is lower by 12.10 % from the price registered in May 2015. Buyers are in wait
and watch mood and continue to buy at lower level. So any major dip from
current level is unlikely.
Arrivals in Gujarat have touched at 1lakh bags.Lower seed price affected
castor oil price too and it slipped to Rs 6350/6400 per qtl. Cash market is
likely to trade stable to weak in the short term.medium term outlook depends
on planting beginning from July this year.
CENTER 25-May-15 24-May-15 Change
SUMERPUR 3000 3025 -25
PATAN 3025 3050 -25
MEHSANA 3050 3075 -25
BHABAR 3050 3075 -25
HARJI 3060 3080 -20
RAJKOT 3100 3100 UNCH
KADI 3105 3120 -15

6. Technical Outlook
6
SELL CORIANDER JUN BELOW 6800 TARGET 6755 6655 SL
ABOVE 6865
BUY GUARGUM JUN ABOVE 5200 TARGET 5250 5320 SL
BELOW 5140
SELL TURMERIC JUN BELOW 8080 TARGET 8036 7976 SL
ABOVE 8140

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