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1. DAILY AGRI COMMODITY REPORT
03 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
JUNE 7800 7948 7800 7900 +0.64 6615
INTRADAY
LEVELS
SUPPORT SUPP. 1
7817
SUPP. 2
7734
PIVOT
7883
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
7965
RES. 2
8030
CORIANDER
JUNE 6762 6899 6762 6870 +1.10 7020
INTRADAY
LEVELS
SUPPORT SUPP.1
6788
SUPP. 2
6707
PIVOT
6843
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
6625
RES. 2
6981
GUARGUM
JUNE 5220 5250 5100 5120 -1.92 8345
INTRADAY
LEVELS
SUPPORT SUPP. 1
5063
SUPP. 2
5007
PIVOT
5157
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5213
RES. 2
5307
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 5995 5957 +0.64
CORIANDER 6870 6795 +1.10
GUARGUM 5120 5220 -1.92
JEERA 15865 16205 -2.10
MUSTARD
SEED
4386 4378 +0.18
SOYABEAN 3830 3827 +0.08
TURMERIC 7900 7850 +0.64
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-06-2016 15865.00 -375.00 -2.31%
GUAR GUM 20-06-2016 5120.00 -60.00 -1.16%
BARLEY 20-06-2016 1579.00 -11.00 -0.69%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CHANA 20-06-2016 5995.00 71.00 1.20%
CORIANDER 20-06-2016 6870.00 70.00 1.03%
TURMERIC 20-06-2016 7900.00 58.00 0.74%

4. Commodities In News
4
ECONOMIC NEWS
The government hiked the minimum support price ( MSP ) of paddy by
Rs 60 to Rs 1,470 per quintal for the 2016-17 kharif season . A decision in
this regard was taken in the meeting of the Cabinet Committee of
Economic Affairs ( CCEA ).The Cabinet also approved a substantial
increase in the MSP of pulses for the 2016-17 kharif season.The
government had fixed the MSP of common variety paddy at Rs 1,410 and
grade A variety grain at Rs 1,450 per quintal for 2015-16 kharif (summer)
season.MSP is the rate at which the government buys the grain from
farmers. Sowing of kharif crops will begin with the onset of southwest
monsoon this month. Paddy is the main crop grown in the season."CCEA
has approved Rs 60 per quintal increase in the MSP of paddy for the 2016-
17 kharif season," a source said.The support price of paddy common
variety has been raised to Rs 1,470 per quintal, while A grade variety
paddy has been increased to Rs 1,510 per quintal for 2016-17, the source
said.The government has increased paddy MSP marginally as the country
has sufficient stocks and the price increase covers the cost of
production.Barring pulses and oilseeds , the CCEA has approved the MSP
of other crops as per the recommendation of government's advisory body
on farm pricing CACP.In case of pulses, the sources said the government
has hiked MSP substantially for 2016-17 kharif season to boost domestic
production and reduce the country's dependence on imports.Sources said
the CCEA has approved more than Rs 400 per quintal increase including
bonus to enthuse farmers to grow more pulses this year.Similarly in
oilseeds, the sources said the MSP has been increases substantially.In case
of cotton, the CCEA has approved Rs 60 per quintal jump in MSP of
medium staple cotton to Rs 3,860 for 2016-17 and for long staple cotton to
Rs 4,160 per quintal.The government is bullish on farm sector growth in
2016-17 fiscal on hopes of better monsoon after two consecutive drought
years.
Jeera on NCDEX settled down by -0.85% at 16355 on account of
decline in export demand at the spot market. Though, some losses were
capped on lower supplies from the producing belts as farmers from
next month onwards will remain busy in preparation of field for kharif
sowing. As per third advance estimate of Gujarat State for 2015-16,
production pegged at 2.13 lakh tonnes (lt) higher by about 7 per cent
forecasted in revised fourth advance estimate for 2014-15 at 1.97 lt.In
Rajasthan, jeera output expected to be lower this year, compared to last
year due to hot weather and lower acreage. In the current financial year,
jeera exports were lower until January compared to last year.
According to Department of Commerce data, the export of jeera during
first 11 month of 2015-16 (Apr-Jan) is 71,983 tonnes, compared to 1,
37,742 tonnes during the same period last year. However, exporters
were active during February, March and April due to improve in
quality supplies on favorable weather during the harvesting season in
both Rajasthan and Gujarat.
Turmeric on NCDEX settled down by on reports of good rains
forecast in turmeric growing area in south India. Further, arrival of
medium quality turmeric in physical market too fuelled the downtrend.
Farmers, who are holding stocks on hopes of higher prices, may bring
stocks in the market to meet their cash requirements. Some of big
farmers are holding stocks of good quality turmeric hoping rise in
prices in view of lower output this year.Though 2015-16 output was
lower overall availability was comfortable because of higher carry
forward stocks. Turmeric production for the current crop year (2015-
16) is estimated to be around 315,000 tons compared to the previous
year production of 324,000 tons. Sowing of turmeric begins in June and
timely onset of monsoon will boost the cultivation prospects.During the
Apr-Dec 2015, India exported 68,500 ton turmeric as against 64,785
ton a year ago because of increased demand from Gulf countries. The
arrival of turmeric bags to Erode markets improved.

5. 5
Fundamental Watch : Castorseed
CASTORSEED PRICES AT KEY SPOT
MARKET
National Market Update
No major trading activities were seen in cash market. Sentiments remains
weak.Castor seed cash markets continue to trade under pressure as higher
arrival from new crop and restricted buying at current levelhave weakened
inner tone in the market.However more downward correction is unlikely as
farmers would prefer to retain stock than to sell it at lower price. Sowing
would start in July and area is expected to decline due to lower prevailing
price and good prospects for monsoon rains. Uptrend is unlikely in the short to
medium term.
India exported 11996.83 MT castor oil during week ended 22nd 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.
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 31-May-15 30-May-15 Change
SUMERPUR 2980 3000 -20
PATAN 3025 3075 -50
MEHSANA 3040 3065 -25
BHABAR NR NR -
HARJI 3050 3100 -50
RAJKOT 3030 3090 -60
KADI 3125 Closed -

6. Technical Outlook
6
SELL CORIANDER JUN BELOW 6846 TARGET 6801 6701 SL
ABOVE 6911
SELL GUARGUM JUN BELOW 5100 TARGET 5050 4980 SL
ABOVE 5160
BUY TURMERIC JUN ABOVE 7960 TARGET 8004 8064 SL
BELOW 7900

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