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WEEKLY AGRI COMMODITY REPORT

08 FEBRUARY 2016

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Weekly Wrap Up
MONTH

OPEN

HIGH

LOW

CLOSE

% CHG

VOL

MONTH

OPEN

HIGH

CORIANDER

APR

6205

6430

6150

SUPPORT

SUPP.1

SUPP. 2

6137

6003

6270

6283
RESISTAN
CE

RES. 1

RES. 2

6417

6563

+0.56

35080

Coriander short term


trend is bullish and may
continue in coming
days.

SUPPORT

SUPP. 1

SUPP. 2

8198

8684

8190

SUPPORT

SUPP. 1

SUPP. 2

8272

7984

8560

8478
RESISTAN
CE

RES. 1

RES. 2

8766

8972

% CHG

VOL

PIVOT

LEVELS

RESISTAN
CE

RES. 1

RES. 2

GUARGUM

PIVOT

INTRADAY
LEVELS

INTRADAY

TURMERIC

APR

CLOSE

CASTORSEED

PIVOT

INTRADAY
LEVELS

LOW

+4.39

57945

Turmeric short term


trend is bullish and may
continue in coming
days.

FEB

5700

5760

5480

SUPPORT

SUPP. 1

SUPP. 2

5707

5453

5690

PIVOT

INTRADAY
LEVELS

5733
RESISTAN
CE

RES. 1

RES. 2

5987

6013

-0.70

53480

Guargum Short term


trend is bullish and
may continue in
coming days.

Weekly Recommendations

BUY CORIANDER APRIL ABOVE 6430 TARGET 6630 6900 SL BELOW 6210
SELL CORIANDER APRIL BELOW 6150 TARGET 5950 5680 SL ABOVE 6300

BUY GUARGUM MAR ABOVE 5770 TARGET 5950 6150 SL BELOW 5570
SELL GUARGUM MAR BELOW 5600 TARGET 5420 5220 SL ABOVE 5800

Commodities In News
ECONOMIC NEWS
Chana settled down as anticipation of higher supplies from new season
crop and favorable climate across chana growing states-Rajasthan and
Madhya Pradesh weighed on prices. The sources stated that spot markets
panicked due to continuous raids of government against pulses hoarders.
This has added a negative sentiment in futures market and also reduced the
millers offtake in local mandies.However, the chana arrivals were also
reported lower at 20 motors today against 30 motors of previous year. were
also stabilised This year chana is sown in 85.48 lakh hectares (lh), compared
with 85.74 lh last year, as per data release by Agriculture Ministry on Jan 22.
This year area under chana is lower than the average and normal area shown
in the country.The acreage under chana reported higher in Maharashtra
(15.03 lh Vs 12.79 lh), Andhra Pradesh (3.32 lh Vs 2.67 lh) and Karnataka
compared to last years acreage but slightly lower in Rajasthan (12.35 lh Vs
12.56 lh) and MP as per data released by respective state agriculture
department.

Soyabean settled down on account of lower demand for soybean crush by


oil mills. United States Department of Agriculture (USDA) trimmed 201516 United States soybean production forecast and also cut its forecast for
ending stockpiles, the department said in its World Agriculture Supply and
Demand Estimates report. USDA maintain US, the world's biggest bean
grower, 2015-16 production estimates to 107 million tons compared to 108.4
in the previous month estimates and 106.9 million tons a year ago.The
cancelled orders came at a time when world buyers begin to shift soybean
purchases from the US to South America, where newly harvested soybean
crops are supplying the global market. Better weather in Brazil also weighed
on prices. A drier weather forecast in Brazil will likely speed harvest
progress, intensifying competition for world business as exporters there ramp
up international sales. India edible oil export during the month of December
plunged 85.41% from a year earlier on higher prices of the oilseeds in the
local market, data released from Solvent Extractors Association of India
(SEA) showed.

Ruing that despite advancements Indian agriculture is yet to be


completely out of the "clutches of weather", President Pranab Mukherjee
expressed "grave concern" over likely decline in farm output for the
second-straight year due to deficient rains.With majority of the cultivatable
area under severe climatic conditions like drought, floods and cyclones, he
called for serious efforts to overcome the challenge and make Indian
agriculture sector resilient to weather fluctuations.President asked the
Indian Agriculture Research Institute (IARI) to develop climate resilient
technological solutions by leveraging opportunities from frontier science
like biotechnology and nano-technology. Mukherjee also spoke about
import dependence on pulses and edible oils.Addressing the 54th
convocation of IARI, he said: "Despite the advancements made, Indian
agriculture is yet to be completely get out of the clutches of
weather."President also pointed out that the country's foodgrain production
fell to 253 million tonnes in 2014-15 crop year (July-June) from a record
265 million tonnes in 2013-14 on account of 12 per cent deficit in
rainfall."Nature has not been kind to us this year as well. A deficient
monsoon followed by a further dry spell is likely to affect agricultural
production for the second year in a row. This is an area of grave
concern."The time is ripe for some serious efforts as 80 per cent of the area
under cultivation in India is in the grip of severe climatic conditions like
drought, floods and cyclones," he said.Stating that global climate change
could aggravate these problems, Mukherjee said the IARI must leverage
opportunities from frontier sciences such as biotechnology, synthetic
biology, nano-technology, computational biology, sensor technology and
geo-spatial technology to develop climate- resilient technological
solutions."Innovation in agricultural techniques and practices must be
supported through infusion of funds, mentoring of ideas, and technical
assistance. The risk-taking ability of farmers must be boosted. The newlylaunched crop insurance scheme will leverage technology to provide risk
cover to the farmers," he said.

NEWS RECAP
COMMODITY HEADLINES
President Pranab Mukherjee expresses concern over likely fall in farm output.
Governmentt says no decision on commercial cultivation of GM food.
Kerala pineapple growers to explore launching value added products through overseas tieups.
Maharashtra sugar mills shut early as drought trims cane supply.
Prince Charles announces new dedicated fund for Indian farmers.
Agriculture Ministry in talks with Arun Jaitley on inter-state taxes.
Centre gears up to popularise crop insurance scheme, invite pvt insurance companies for bids.
India could raise $12.65 billion in overseas loans to boost irrigation: Reports.
Price Stabilisation Fund to be shifted to Consumer Affairs Ministry.
Sugar production up by 4.57% as on January 31: Indian Sugar Mills Association.
Rice procurement up 25% to 24.47 Million Tonnes.
5

SPOT QUOTES
COMMODITY NAME

LOCATION

PRICE

COMMODITY NAME

LOCATION

PRICE

Bajra

Delhi

1385

Mustardseed

Alwar

3938.15

Bajra

Jaipur

1402.5

Ref Soya Oil

Nagpur

613.5

Barley

Jaipur

1492.9

Ref Soya Oil

Mumbai

625

Ref Soya Oil

Indore

615.4

Soy Bean

Indore

3824

Castor Seed

Deesa

3188.9

Chana

Bikaner

4300

Chana

Delhi

4400

Chana

Indore

4167.8

Soy Bean

Nagpur

3877.3

Coriander

Kota

7030.85

Soy Bean

Kota

3537.5

Guar Gum

Jodhpur

5575.85

Soymeal

Indore

33500

Guar Seed 10 MT

Jodhpur

3084.1

Sugar M Grade

Erode

3148

Guarseed

Bikaner

3014.4

Sugar M Grade

Muzaffar Nagar

3175

Jeera

Unjha

14288.9

Sugar M Grade

Delhi

3220

Mustardseed

Jaipur

4269.5

Sugar M Grade

Kolkatta

3281.9

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