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DAILY AGRI COMMODITY REPORT

04 MAY 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 6211 6211 6104 6104 -3.99 3580 FEB - - - - - -

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

6068 6032 - -

PIVOT Coriander short term PIVOT


INTRADAY INTRADAY
trend is bearish and may -
LEVELS LEVELS -
6139
continue in coming days.
RES. 1 RES. 2 RESISTA RES. 1 RES. 2
RESISTAN
CE NCE - -
6175 6246

TURMERIC GUARGUM 5MT

APR 5788 5788 5584 5584 -3.99 8165 APR 8084 8085 7857 7857 -2.99 10400

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

5516 5448 7781 7705

PIVOT Turmeric short term trend PIVOT Guargum Short term


INTRADAY INTRADAY
is bearish and may trend is bearish and may
LEVELS LEVELS 7933
5244
continue in coming days. continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2
CE 5516 5856 CE 8009 8161

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Most Active Contract
NCDEX INDICES
TOP GAINERS

Symbol Expiry Date Current Price Change Change % Pre. %


Index Value
Close Change

- - - - -
Castorseed 4405 4581 -3.84

TOP LOSERS
Symbol Expiry Date Current Price Change Change % Chana - - -

TURMERIC 19-05-2017 5584.00 -232.00 -3.99% Coriander -3.99


6104 6358

JEERA 19-05-2017 18195.00 -670.00 -3.55% Guargum5MT -2.99


7857 8099

CORIANDER 19-05-2017 6104.00 -205.00 -3.25% Jeera -3.6


18225 18905

GUAR SEED 10 MT 19-05-2017 3668.00 -77.00 -2.06% Musterseed 3675 3668 -1.76

RAPESEED-MUSTARD Soybean 2833 2893 -2.07


19-05-2017 3671.00 -63.00 -1.69%
SEED

COTTON SEED OIL CAKE Turmeric 5584 5816 -3.99


19-05-2017 1900.00 -31.00 -1.61%
AKOLA
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Commodities In News
ECONOMIC NEWS
Soybean futures traded lower on NCDEX as speculators trimmed Trade body the Solvent Extractors' Association of India (SEA) has said
their positions on anticipation of ample stocks in the country. Reports in its report that the area under Rabi oilseed crop for 2016 -17 has gone up
showing that arrivals of soybean during April 2017 is 2.82 lakh tones, by by 7.14% to 91.9 lakh hectares as compared to 85.77 lakh hectares in
higher by 20% compared to last year same month. The contract for the previous year. The SEA report says that Rabi groundnut crop has
May delivery was trading at Rs 2860.00, down by 1.14% or Rs 33.00 increased to 15.45 lakh tones from 12.40 lakh tones of last year, up by 3.05
from its previous closing of Rs 2893.00. The open interest of the lakh tones and rapeseed-mustard including taramira crop increased to 69.71
contract stood at 80120 lots. The contract for June delivery was trading lakh tones from 58.00 lakh tones of last year, up by 11.71 lakh tones. Rabi
at Rs 2929.00, down by 1.15% or Rs 34.00 from its previous closing of sunflowerseed crop decreased to 1.30 lakh tones from 2.40 lakh tones of
Rs 2963.00. last year, down by 1.10 lakh tones, while Rabi sesameseed crop marginally
increased to 2.30 lakh tones from 2.25 lakh tones of last year, up by 0.05
Turmeric futures edged down on NCDEX on account of fall in lakh tones. The report adds that the overall Rabi oilseeds crop 2016-17 has
demand at the spot market. Moreover, reports of higher stocks increased by 18.53% to 91.76 lakh tones from 77.41 lakh tones last year,
availability from the producing regions too fuelled the downtrend. The up by 14.35 lakh tones, thanks to higher rapeseed crop.
contract for May delivery was trading at Rs 5622.00, down by 3.34%
or Rs 194.00 from its previous closing of Rs 5816.00. The open interest Everyone else may love a good drought, but not the victims who stare at
of the contract stood at 14530 lots. The contract for June delivery was a dim future. As serious drought looms large over South India, farmers live
trading at Rs 5690.00, down by 3.36% or Rs 198.00 from its previous in distress and despair fearing a steep drop in acre age and yields. There
closing of Rs 5888.00. may have been a few temporary measures by governments to compensate
the dam ages, but that may be too little too late. Everyone else may love a
Jeera futures traded down on NCDEX as speculators engaged in good drought, but not the victims who stare at a dim future. As serious
trimming positions to book profits at prevailing levels amid lower drought looms large over South India, farmers live in distress and despair
domestic and exports demand at the spot market. Furthermore, huge fearing a steep drop in acre age and yields. There may have been a few
stocks at the spot markets following higher supplies from the major temporary measures by governments to compensate the dam ages, but that
growing regions in Gujarat and Rajasthan too fuelled the downtrend. may be too little too late. Farmers living through the unbearable drought in
The contract for May delivery was trading at Rs 18495, down by Tamil Nadu believe their stories need to be told, with some approving of
2.17% or Rs 410.00 from its previous closing of Rs 18905. The open the dramatic protests by a small bunch in New Delhi and others feeling let
interest of the contract stood at 8052 lots. The contract for June down by them. A strike called by the opposition DMK recently is seen as
delivery was trading at Rs 18670, down by 2.25% or Rs 430.00 from necessary in applying pressure on the government to meet the demands of
its previous closing of Rs 19100. farmers. Since the harvest of 2015, farmers in the rain-fed areas of the state
have been affected by deficient rainfall by both northeast as well as
southwest monsoon.

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Technical Outlook

SELL CORIANDER APRBELOW 6080 TARGET 6050 6010 5960 SELL TURMERIC MAYBELOW 5550 TARGET 5520 5480 5430
SL BELOW 6130 SL ABOVE 5600

SELLGUARGUM5 MAYBELOW 7830 TARGET 7800 7760 7710


SL ABOVE 7880

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Date: 2017-05-03 18:41+05:30