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1. WEEKLY AGRI COMMODITY REPORT
03 APRIL 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 7411 7564 7411 7535 1.24 45340
INTRADAY
LEVELS
SUPPORT SUPP.1
7443
SUPP. 2
7350
PIVOT
7503
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7596
RES. 2
7656
CASTORSEED
FEB - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTAN
CE
RES. 1
-
RES. 2
-
TURMERIC
APR 6368 6450 6262 6280 -0.88 11475
INTRADAY
LEVELS
SUPPORT SUPP. 1
6211
SUPP. 2
6143
PIVOT
6331
Turmeric short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6399
RES. 2
6519
GUARGUM
FEB 7955 8327 7651 8290 3.35 118525
INTRADAY
LEVELS
SUPPORT SUPP. 1
7852
SUPP. 2
7413
PIVOT
8089
Guargum Short term
trend is bearish and
may continue in coming
days.RESISTAN
CE
RES. 1
8528
RES. 2
8765

3. Weekly Recommendations
3
BUY GUARGUM5 20APRABOVE 8330 TARGET 8380 8480 SL BELOW 8300
SELL GUARGUM5 20APRBELOW 8070 TARGET 8020 7920 SL ABOVE 8120
BUY CORIANDER APRABOVE 7570 TARGET 7620 7720 SL BELOW 7520
SELL CORIANDER APRBELOW 7500 TARGET 7450 7350 SL ABOVE 7550

4. Commodities In News
4
ECONOMIC NEWS
➢ The natural rubber production (NR) in India is all set to exceed the
target of 6.54 lakh tonnes set by Rubber Board in 2016-17. The production
climbed nearly 18% to 622,200 tonnes till February 2017 from a year ago.
The consumption for the same period rose 4% to 942,695 tonnes. Despite
it being a lean month, the production in February showed 54% increase
compared with same month in previous year to 57,000 tonnes. The
increase in production and the rise in the international NR prices have
impacted the imports, which have fallen 7% to 400,812 tonnes for 11
months. For February alone the imports dropped by 51 % to 15,609
tonnes. The increase in production and the rise in the international NR
prices have impacted the imports, which have fallen 7% to 400,812 tonnes
for 11 months. For February alone the imports dropped by 51 % to 15,609
tonnes.
➢ Sugar mills in the Western and Southern regions of India are witnessing
strains on profits due to significant decline in the cane crushing volumes,
while their Northern counterparts, mainly in Uttar Pradesh, are seeing
good profitability due to good production, says rating agency ICRA.
According to associations and rating agencies, the domestic sugar
production is set to decline by around 19% to 20.3 million tons during SY
(sugar year) 2017 compared to SY2016, driven mostly by a significant
decline in sugar production in key sugar-producing states – Maharashtra
and Karnataka due to poor rainfall during previous monsoon seasons.
During SY2017, domestic sugar consumption is expected to decline by 4%
to around 24 million tons when compared to SY2016. Sabyasachi
Majumdar, senior vice-president and group head of ICRA Ratings, said,
“Sustained healthy realisations, higher cane crushing volumes and higher
recovery rates for SY2017 season are likely to support the profitability for
UP-based sugar mills despite an increase in the cane price by Rs
25/quintal.” He added that the profitability of the Western and Southern-
based sugar mills continues to be affected by the crushing volumes.
➢Turmeric futures edged higher on NCDEX on rising domestic as well as
upcountry demand at the spot market. On the export front, country exported
about 82,115 tons during April-December period, up by 28% compared to
last year exports of 64,105 tons. However, some gains were capped as the
turmeric arrivals in the country are higher at 115,205 tons during Mar 1-20
compared to 30,945 tons during previous month. The contract for April
delivery was trading at Rs 6462, up by 0.28% or Rs 18.00 from its previous
closing of Rs 6444. The open interest of the contract stood at 11415 lots.
➢ Soybean futures traded marginally lower on NCDEX as speculators
trimmed their positions due to higher supplies compared to last week.
Reports showing that arrivals of soybean this week till Thursday are about
48,859 tonnes v/s 23,832 tonnes last week same time. Meanwhile, US
soybeans too dropped to their lowest in four months, with ample global
supply pushing the oilseed towards its third straight weekly decline.
However, good domestic as well as export demand at spot markets capped
some losses. The contract for April delivery was trading at Rs 2928.00,
down by 0.85% or Rs 25.00 from its previous closing of Rs 2953.00. The
open interest of the contract stood at 183560 lots.
➢ Jeera futures edged up on NCDEX on expectation of rising exports
demand in coming months. On the export front, India in 2016-17 is likely to
cross 1.2 lt against 94,352 tons a year ago, while the exports increase by
36.7% to 93,724 tons in first 9 month of marketing year 2016/17. Though,
some gains were capped on heavy arrivals from the producing regions.
Reports showed that 7,671 tons of jeera arrived during March 20-23
compared to 5,302 tons during previous week same period. The contract for
April delivery was trading at Rs 18370, up by 2.60% or Rs 465.00 from its
previous closing of Rs 17905. The open interest of the contract stood at
10686 lots. The contract for May delivery was trading at Rs 18580, up by
2.45% or Rs 445.00 from its previous closing of Rs 18135.

5. 5
NEWS RECAP
COMMODITY HEADLINES
➢ Seed industry is witnessing increased level of activity over field testing of GM seeds
➢ UP sugar mills cheer on good prices as South, West millers reel under draught
➢ Natural Rubber production in the country set to exceed target
➢ Higher paddy price expected to drive basmati industry growth in FY2018
➢ Centre rules out farm loan waivers to states
➢ West Bengal government to help farmers to grow 800 varieties of rice
➢ Basmati rice exports may grow to Rs 22,000-22,500 crore in FY18: Report
➢ A small Hyderabad-based firm is giving the world's biggest seed company Monsanto a hard time
➢ Delhi High Court favours Nuziveedu seeds in Monsanto’s case
➢ Haryana government to set up Centre for flowers in Jhajjar to promote floriculture
➢ Hot days ahead but a good sign for farmers: Analysts

6. Spot quotes
6
Commodity Name Location Price
Ref Soya Oil Nagpur
639
Ref Soya Oil Mumbai
629
Soy Bean Indore
3014
Soy Bean Nagpur
2987
Soy Bean Kota
2912
Soymeal Indore
24200
Sugar M Grade Kolhapur
3928
Sugar M Grade Kanpur
4000
Sugar M Grade Muzaffar Nagar
3830
Sugar M Grade Delhi
3825
Sugar M Grade Kolkatta
4045
Turmeric Nizamabad 6173
Commodity Name Location Price
Barley Jaipur 1550.9
Chana Bikaner
7900
Chana Delhi
8111
Chana Indore
7923.35
Coriander Kota 7164
Cotton Kadi 21034
Guar Gum 5MT Jodhpur 8183
GUAR SEED 2 MT Jodhpur 3968
Guarseed Bikaner 3970
Jeera Unjha
18025
Mustard seed Jaipur
4038
Mustard seed Alwar
3922
Ref Soya Oil Indore 643

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Lovelesh
Sharma
Digitally signed by Lovelesh Sharma
DN: cn=Lovelesh Sharma c=IN
o=Personal
Reason: I am the author of this
document
Location:
Date: 2017-03-31 21:13+05:30