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1. WEEKLY AGRI COMMODITY REPORT
01 MAY 2017
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2. Weekly Wrap Up
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
APR 6900 6960 6541 6591 -4.10 78610
INTRADAY
LEVELS
SUPPORT SUPP.1
6435
SUPP. 2
6278
PIVOT
6697
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6854
RES. 2
7116
CASTORSEED
FEB - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTAN
CE
RES. 1
-
RES. 2
-
TURMERIC
APR 6182 6272 6050 6058 -0.01 20465
INTRADAY
LEVELS
SUPPORT SUPP. 1
5981
SUPP. 2
5905
PIVOT
6127
Turmeric short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6203
RES. 2
6349
GUARGUM
FEB 8302 8480 8140 8350 -4.92 96455
INTRADAY
LEVELS
SUPPORT SUPP. 1
6167
SUPP. 2
5983
PIVOT
6323
Guargum Short term
trend is bearish and
may continue in coming
days.RESISTAN
CE
RES. 1
6507
RES. 2
6663

3. Weekly Recommendations
3
BUY GUARGUM5 20APRABOVE 8480 TARGET 8580 8680 SL BELOW 8400
SELL GUARGUM5 20APRBELOW 8260 TARGET 8190 8090 SL ABOVE 8360
BUY CORIANDER APRABOVE 6680 TARGET 6750 6850 SL BELOW 6600
SELL CORIANDER APRBELOW 6540 TARGET 6470 6370 SL ABOVE 6610

4. Commodities In News
4
ECONOMIC NEWS
➢ Haryana State Cooperative Supply and Marketing Federation (HAFED)
has so far procured more than 1.67 lakh quintals of mustard seed from
7,536 farmers of 1,130 villages in the State. The procurement would
continue till May 10, 2017. The chairman, HAFED, Harvinder Kalyan,
said that procurement of mustard seed at Minimum Support Price (MSP)
of Rs 3,700 per quintal, was currently underway at 13 purchase centres in
nine districts in the State, including Gurugram, Rewari, Narnaul, Jhajjar,
Rohtak, Charkhi Dadri, Bhiwani, Hisar and Sirsa. He said that as the
mustard growers in the State were selling their produce at the prevailing
market rate, which was below the MSP in March, 2017, the Haryana
Government had immediately stepped in to protect the interests of the
farmers by deciding to procure mustard seed at the MSP. This MSP, which
includes a bonus of Rs 100, is well above the prevailing market rate.
➢ Haryana chief minister, Manohar Lal said that farmers insured under the
Pradhan Mantri Fasal Bima Yojana were provided compensation for not
only crop loss due to natural calamity, but also for low yield. The chief
minister said that it was for the first time that the farmers were also getting
compensation for low yield. He also gave away cheques amounting to Rs
61,30,584 as compensation to 27 farmers of different districts of the State
for Kharif-2016 under the Pradhan Mantri Pradhan Mantri Fasal Bima
Yojana here today. Also present at the occasion, agriculture and farmers'
welfare minister, Om Parkash Dhankar said that an amount of Rs 219.70
crore was to be disbursed as compensation in about 2,500 villages of the
State. the average yield as base. The Minister said that all insured farmers
of the village which registered low yield as compared to pre-determined
production would be given compensation on the basis of their insured
sown area. The amount of compensation is being deposited directly into
the bank accounts of farmers. He said that the process is underway for
carrying out insurance of Rabi 2016-17 crops, under which insurance of
wheat, gram, mustard and barley crops has been done.
➢ Turmeric futures edged higher on NCDEX as the turmeric arrivals in the
country is declining in first 25 days in April to 83,845 tons compared to
1,33,823 tons during the same period in March. Further, rising exports
demand too fuelled the uptrend. On the export front, country exported about
89,704 tons during April-January period, up by 28.3% compared to last year
exports of 69,870 tons. The contract for May delivery was trading at Rs
6126.00, up by 0.69% or Rs 42.00 from its previous closing of Rs 6084.00.
The open interest of the contract stood at 18190 lots.
➢ Soybean futures traded marginally lower on NCDEX as speculators
trimmed their positions due to increasing arrivals in the domestic spot
markets. Further, lack of demand from export and domestic market along
with bumper output this year kept bean prices under pressure. Prices were
also under pressure tracking global cues amid higher output from the United
States and Brazil, the world's top bean grower. Moreover, subdued demand
for soymeal from poulty industry on subdued demand for Broilers, too
weighing on soyabean prices. The contract for May delivery was trading at
Rs 2933.00, down by 0.24% or Rs 7.00 from its previous closing of Rs
2940.00. The open interest of the contract stood at 99940 lots. The contract
for June delivery was trading at Rs 3003.00, down by 0.3% or Rs 9.00 from
its previous closing of Rs 3012.00.
➢Coriander futures edged lower on NCDEX as speculators cut down their
bets on the back of easing demand in the spot market. Further, higher
supplies from major producing belts also weighed on coriander futures. The
contract for May delivery was trading at Rs 6642.00, down by 0.3% or Rs
20.00 from its previous closing of Rs 6662.00. The open interest of the
contract stood at 35310 lots. The contract for June delivery was trading at
Rs 6770.00, down by 0.21% or Rs 14.00 from its previous closing of Rs
6784.00. The open interest of the contract stood at 37640 lots on NCDEX.

5. 5
NEWS RECAP
COMMODITY HEADLINES
➢ HAFED buys 1.67 lakh tonne mustard at MSP
➢ Farmers compensated for low yield: Haryana CM Manohar Lal Khattar
➢ India is the world's leading 'banana' republic
➢ OP Dhankar, Haryana agriculture minister exhorts farmers to earn one-lakh per acre
➢ Government's model law to bring farmers closer to buyers
➢ Maharashtra government to take action against traders selling imported tur at procurement centres
➢ Farm output growth expected to remain stable at 4 per cent in FY18
➢ Government will use satellite images if big quantities of tur sold at Nafed centres: Devendra Fadanvis
➢ India expects farm output growth to remain stable at 4% in 2017-18 crop year
➢ Wheat production likely to touch record 98 MT this crop year
➢ Government aims to end APMC monopoly with new model agri-market law

6. Spot quotes
6
Commodity Name Location Price
Ref Soya Oil Nagpur
600
Ref Soya Oil Mumbai
600
Soy Bean Indore
3077
Soy Bean Nagpur
3095.15
Soy Bean Kota
2862.5
Soymeal Indore
25250
Sugar M Grade Kolhapur
3870
Sugar M Grade Kanpur
4003.55
Sugar M Grade Muzaffar Nagar
3875
Sugar M Grade Delhi
3855
Sugar M Grade Kolkatta
4090
Turmeric Nizamabad 6500
Commodity Name Location Price
Barley Jaipur 1552.5
Chana Bikaner
7900
Chana Delhi
8111
Chana Indore
7923.35
Coriander Kota 6580
Cotton Kadi 20019
Guar Gum 5MT Jodhpur 8282.4
GUAR SEED 2 MT Jodhpur 3891.9
Guarseed Bikaner 3850
Jeera Unjha
18990
Mustard seed Jaipur
3774.65
Mustard seed Alwar
3716
Ref Soya Oil Indore 612.95

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Lovelesh
Sharma
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Date: 2017-04-29 14:39+05:30