DAILY AGRI COMMODITY REPORT
30 March 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 7505 7519 7480 7480 0.31 9280 FEB - - - - - -

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

7445 7419 - -

PIVOT Coriander short term PIVOT

INTRADAY INTRADAY
trend is bearish and may -
LEVELS LEVELS -
7462
continue in coming days.
RES. 1 RES. 2 RESISTA RES. 1 RES. 2
RESISTAN
CE NCE - -
7488 7505

TURMERIC GUARGUM 5MT

APR 6342 6380 6306 6328 -0.22 1270 APR 8049 8100 7921 7958 -0.03 19775

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

6255 6179 7777 7583

PIVOT Turmeric short term trend PIVOT Guargum Short term

INTRADAY INTRADAY
is bearish and may trend is bearish and may
LEVELS LEVELS 7878
6337
continue in coming days. continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2
CE 6413 6495 CE 8072 8173

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Most Active Contract
NCDEX INDICES
TOP GAINERS

Symbol Expiry Date Current Price Change Change % Pre. %

Index Value
Close Change

RAPESEED-MUSTARD
20-04-2017 3968.00 25.00 0.63%
SEED Castorseed 4749 4692 1.21

SUGAR M GRADE 19-05-2017 3691.00 10.00 0.27%

Chana - - -

SOY BEAN 20-04-2017 2887.00 6.00 0.21% Coriander 7480 7457 0.31

GUAR SEED 10 MT 20-04-2017 3868.00 6.00 0.16%

Guargum5MT 7958 7960 -0.03

TOP LOSERS
Jeera 18300 18345 -0.25
Symbol Expiry Date Current Price Change Change %

COTTON SEED OIL CAKE

20-04-2017 2146.00 -35.00 -1.60% Musterseed 3968 3944 0.61
AKOLA

V 797 KAPAS 28-04-2017 1037.00 -11.00 -1.05% Soybean 2887 2879 0.28

BARLEY 20-04-2017 1563.00 -10.00 -0.64% Turmeric 6328 6342 -0.22

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Commodities In News
Soyabean futures traded marginally higher on NCDEX as
speculators enlarged their positions due to bargain buying and demand
from the mills as meal exports have been higher. Though, expectations
for increased plantings in North America along with already ample
global supplies, capped some gains. The contract for April delivery was
trading at Rs 2890.00, up by 0.38% or Rs 11.00 from its previous
closing of Rs 2879.00. The open interest of the contract stood at
163150 lots. The contract for May delivery was trading at Rs 2976.00,
up by 0.17% or Rs 5.00 from its previous closing of Rs 2971.00. The
open interest of the contract stood at 80330 lots on NCDEX.
Jeera futures traded up on NCDEX on reports of lower production
estimates in the producing regions of Gujarat. Moreover, anticipation of
higher exports demand at the spot market also added support to jeera
prices uptrend. The contract for April delivery was trading at Rs
18400, up by 0.3% or Rs 55.00 from its previous closing of Rs 18345.
The open interest of the contract stood at 9546 lots. The contract for
May delivery was trading at Rs 18585, up by 0.24% or Rs 45.00 from
its previous closing of Rs 18540. The open interest of the contract
stood at 7986 lots on NCDEX.
Cardamom futures edged lower on MCX as investors remained on
the sidelines amid subdued physical demand for cardamom in the
domestic spot market. Further, sufficient supplies on higher physical
arrivals from the major cardamom producing regions too fuelled the
downtrend. The contract for April delivery was trading at Rs 1377.60,
down by 0.25% or Rs 3.40 from its previous closing of Rs 1381.00.
The open interest of the contract stood at 931 lots. The contract for
May delivery was trading at Rs 1315.00, down by 0.03% or Rs 0.40
from its previous closing of Rs 1315.40. The open interest of the
contract stood at 457 lots on MCX.
ECONOMIC NEWS
Higher paddy prices is expected to drive basmati industry growth in
FY2018 following a stable FY2017, according to ICRABSE -0.44 %. The
agency also feels that resumption of imports by Iran will be a cause for
cheer for the industry. The basmati rice industry has witnessed moderation
over the last few years on the back of subdued international demand, partly
attributable to the delay in resumption of imports by Iran. But FY2017 has
seen some stabilisation in demand. Mr. Deepak Jotwani, Assistant Vice
President, ICRA Ltd . BSE -0.44 %. said: The industry performance in the
current fiscal has been encouraging as the growth has largely been
supported by an increase in volumetric sales, even while prices have
remained under pressure. Going forward, FY2018 is expected to witness
better revenue growth supported by an increase in average realisations, as
paddy prices firm up during the current procurement season. Moreover,
resumption of imports by Iran will also be crucial for driving industry
growth in the next fiscal.
West Bengal government has firmed up plans to provide assistance to
farmers to enable them to grow 800 varieties of aromatic rice, many of
which are rarely grown nowadays. Among the aromatic varieties identified
for special treatment are kanakchur, randhuni, chandrachur, radhatilak,
badshahbhog and kerala sundari. Bidhan Chandra Krishi Viswavidyalaya
in Kalyani is playing a major role in identifying the varieties of rice, as well
as finding out ways for growing them on a large scale so that the seeds can
be distributed among farmers. To collect seeds for these varieties and
culture them, officials of the agriculture department are visiting farmers
across Bengal and in some neighbouring countries too. To collect seeds for
these varieties and culture them, officials of the agriculture department are
visiting farmers across Bengal and in some neighbouring countries
too. The state government is also taking initiatives to convince farmers to
grow these less-known varieties of rice by making them realise the
commercial value of these varieties.
4
Technical Outlook

SELL CORIANDER 20APR BELOW 7480 TARGET 7450 7410 SELL TURMERIC 20APR BELOW 6300 TARGET 6270 6230 6180
7360 SL ABOVE 7510 SL ABOVE 6330

SELL GUARGUM 20APR BELOW 7920 TARGET 7890 7860

7810 SL ABOVE 7950

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Date: 2017-03-29 21:06+05:30