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DAILY AGRI COMMODITY REPORT

10 February 2017

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Market Views
MONT CLOS MONT CLOS
OPEN HIGH LOW % CHG VOL OPEN HIGH LOW % CHG VOL
H E H E

CORIANDER CASTORSEED

APR 7165 7166 6972 7030 -2.13 7310 FEB 4048 4048 3975 3975 0.08 2

SUPPORT SUPP.1 SUPP. 2 SUPPORT SUPP. 1 SUPP. 2

6946 6862 3951 3926

PIVOT Coriander short term PIVOT


INTRADAY INTRADAY
trend is bearish and May -
LEVELS LEVELS 3999
7046
continue in coming days.
RES. 1 RES. 2 RESISTA RES. 1 RES. 2
RESISTA
NCE NCE 4024 4072
7140 7250

TURMERIC GUARGUM 5MT

APR 6910 6910 6832 6872 -0.72 1250 FEB 6290 6346 6290 6309 0.51 4785

SUPPORT SUPP.1 SUPP. 2 SUPPORT SUPP. 1 SUPP. 2

6833 6793 6284 6259

PIVOT Turmeric short term PIVOT Guargum short term


INTRADA INTRADAY
trend is bearish and May trend is bearish and May
Y LEVELS LEVELS 6315
6871
continue in coming days. continue in coming days.
RESISTA RES. 1 RES. 2 RESISTA RES. 1 RES. 2
NCE 6911 6949 NCE 6340 6371

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Most Active Contract
NCDEX INDICES
TOP GAINERS

Symbol Expiry Date Current Price Change Change % Pre. %


Index Value
Close Change

COTTON SEED OIL CAKE


20-02-2017 2259.00 8.00 0.36%
AKOLA Castorseed 3911 3951 -1.01

RAPESEED-MUSTARD
20-04-2017 3846.00 8.00 0.21%
SEED Chana - - -

SOY BEAN 20-02-2017 3020.00 4.00 0.13%


Coriander 7030 7183 -2.13

TOP LOSERS
Guargum5MT 6309 6277 0.51
Symbol Expiry Date Current Price Change Change %

CORIANDER 20-04-2017 7030.00 -135.00 -1.88% Jeera 17225 17370 -0.83

JEERA 20-03-2017 17225.00 -130.00 -0.75% Mustard seed 3846 3844 0.05

WHEAT 20-02-2017 1756.00 -11.00 -0.62% Soybean 3020 3020 -

TURMERIC 20-04-2017 6872.00 -38.00 -0.55% Turmeric 6872 6922 -0.72


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Commodities In News
ECONOMIC NEWS
Coriander futures edged lower on NCDEX as speculators offloaded
their positions, driven by weak demand in the spot market. Besides, Dry post winter wind has started adding folds on forehead of tea planters
rising arrivals from major gowing regions also fuelled the downtrend. in Darjeeling as well as entire Tea belt in North Eastern region. Though
The contract for April delivery was trading at Rs 7115.00, down by highly affected by the climatic whims, tea is yet to have any insurance
0.95% or Rs 68.00 from its previous closing of Rs 7183.00. The open cover against adverse weather conditions. Meteorological record clearly
interest of the contract stood at 17670 lots. The contract for May shows the tea belt of Bengal or Assam in a critical climatic zone with high
delivery was trading at Rs 7197.00, down by 0.88% or Rs 64.00 from frequency of adverse weather conditions like drought, erratic rainfall or
its previous closing of Rs 7261.00. The open interest of the contract hail storm. "It is a common trend for the "It is a common trend for the
stood at 1210 lots on NCDEX. region," said G. N. Raha, senior expert in Indian Meteorology
Department. Showing same pattern this year too, entire tea belt is passing
Soybean futures traded marginally higher on NCDEX, supported by thorough post winter dry season with highly inadequate moisture level in
speculation that China, which imports roughly two-thirds of global soy air as well as soil. Both are very important for proper growth of post winter
exports, has bought several US bulk cargoes. However, some gains 'first flush' harvest that brings in highest price.
were capped by ample supplies in the domestic market. The contract
for February delivery was trading at Rs 3024.00, up by 0.13% or Rs The Commerce Ministry has approved the pilot Revenue Insurance
4.00 from its previous closing of Rs 3020.00. The open interest of the Scheme for plantation crops for protecting the growers from the risks such
contract stood at 72510 lots. The contract for March delivery was as yield loss, pest attacks and income decline caused by fall in prices,
trading at Rs 3086.00, up by 0.23% or Rs 7.00 from its previous Parliament was informed today. The Price Stabilization Fund (PSF)
closing of Rs 3079.00. The open interest of the contract stood at Scheme, 2003 was closed on September 30, 2013 and Revenue Insurance
149180 lots on NCDEX. Scheme for Plantation Crops (RISPC) is an improved form of the PSF,
Commerce and Industry Minister Nirmala Sitharaman said in a written
Jeera futures edged lower on NCDEX due to anticipation of higher reply to the Rajya Sabha. She said that RISPC was approved on September
new season arrivals in the physical market. However, good export 16 last year and will be implemented on a pilot basis for two years covering
demand capped some losses in jeera futures. The contract for March tea, coffee, rubber, cardamom and tobacco in eight districts in West
delivery was trading at Rs 17290.00, down by 0.46% or Rs 80.00 from Bengal, Kerala, Karnataka, Andhra Pradesh, Assam, Sikkim and Tamil
its previous closing of Rs 17370.00. The open interest of the contract Nadu by the commodity boards. "Department of Commerce has recently
stood at 5235 lots. The contract for April delivery was trading at Rs approved the pilot RISPC for protecting growers of plantation crops from
17105.00, down by 0.47% or Rs 80.00 from its previous closing of Rs the twin risks of yield loss due to adverse weather parameters, pest attacks
17185.00. The open interest of the contract stood at 2601 lots on etc and income loss caused by fall in international/domestic prices," she
NCDEX. said. On the basis of performance of the pilot project, the minister said, the
scheme will be considered for extension to other districts.

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Technical Outlook

BUY CORIANDER APRABOVE 7070 TARGET 7085 7145 7215 SL BUY TURMERIC 20APR ABOVE 6940 TARGET 6970 7010 7060
BELOW 7040 SL BELOW 6892

BUY GUARGUM5 20MARABOVE 6445 TARGET 6475 6535


6585 SL BELOW 6395

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