WEEKLY AGRI COMMODITY REPORT
12 JUNE 2017
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 Weekly Wrap Up
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL

CORIANDER CASTORSEED

MAY 4625 4821 4535 4645 0.43 32820 - - - - - - -

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

4513 4381 - -

PIVOT Coriander short term PIVOT

INTRADAY INTRADAY
LEVELS
trend is bearish and may -
4667 LEVELS -
continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2
CE 4799 4953 CE - -

TURMERIC GUARGUM

MAY 5320 5598 5280 5480 3.00 23250 MAY 7099 7388 6914 6946 -2.13 32665

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

5307 5134 6777 6608

Guargum Short term
PIVOT Turmeric short term PIVOT
INTRADAY INTRADAY trend is bearish and
LEVELS
trend is bearish and may LEVELS
5452 7082 may continue in coming
continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2 days.
CE 5625 5770 CE 7251 7251

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 Weekly Recommendations

BUY GUARGUM5 ABOVE 7050 TARGET 7100 7200 SL BELOW 6950

SELL GUARGUM5 BELOW 6900 TARGET 6850 6750 SL ABOVE 7000

BUY CORIANDER ABOVE 4700 TARGET 4750 4850 SL BELOW 4600

SELL CORIANDER BELOW 4600 TARGET 4550 4450 SL ABOVE 4700
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 Commodities In News
Soybean futures traded higher on NCDEX as speculators enlarged their
positions amid drastic reduction in soybean arrivals in the physical markets
in Madhya Pradesh due to agitation by the farmers. The contract for June
delivery was trading at Rs 2771.00, up by 0.95% or Rs 26.00 from its
previous closing of Rs 2745.00. The open interest of the contract stood at
66670 lots. The contract for July delivery was trading at Rs 2848.00, up by
0.92% or Rs 26.00 from its previous closing of Rs 2822.00. The open
interest of the contract stood at 80600 lots on NCDEX.
Coriander futures edged higher on NCDEX as speculators exited their
positions amid rising demand in the spot market. Besides, limited stock
positions following restricted arrivals from major growing regions also
fuelled the uptrend. The contract for June delivery was trading at Rs
4665.00, up by 1.5% or Rs 69.00 from its previous closing of Rs 4596.00.
The open interest of the contract stood at 16220 lots. The contract for July
delivery was trading at Rs 4767.00, up by 1.45% or Rs 68.00 from its
previous closing of Rs 4699.00. The open interest of the contract stood at
38440 lots on NCDEX.
Turmeric futures edged up on NCDEX on increasing exports demand at
the spot market. On the export front, country exported about 1.11 lakh tons
in 2016/17 up by 30% compared to last year exports of 85,412 tons. Though,
some gains were capped as the turmeric arrivals in the country are higher in
the month of May. Reports showed about 72,120 tons arrived in May 2017
compared to 30,703 tons during May last year. The contract for June
delivery was trading at Rs 5380.00, up by 0.41% or Rs 22.00 from its
previous closing of Rs 5358.00. The open interest of the contract stood at
6610 lots. The contract for July delivery was trading at Rs 5430.00, up by
0.59% or Rs 32.00 from its previous closing of Rs 5398.00. The open
interest of the contract stood at 13320 lots on NCDEX.
ECONOMIC NEWS
A plentiful harvest in 2016 but imports drive some prices down 63 per
cent. A shortage of cash because of demonetisation. Despite Rs 3.5 lakh
crore -- enough to build 545 Tehri-sized dams -- invested on irrigation
over six decades to 2011, more than half of all farms depend on rains.
These are the three factors agitating Indians who depend on farming -- 90
million families, or 54.6 per cent of countrys 1.2 billion people. As anger
sweeps rural Madhya Pradesh after the death of six farmers in police
firing, farm protests roil rural Maharashtra -- wholesale markets are shut,
produce is being dumped on streets -- and governments of the debt-ridden
states struggle to respond to demands for loan waivers, an IndiaSpend
analysis and reportage from rural Maharashtra explores why farmers are
both angry and desperate. The primary reason farming is unviable is that
farms here are now among the world's smallest (the global average land-
holding size is 5.5 hectares). Since 1951, the per capita availability of land
has declined by 70 per cent, from 0.5 hectares to 0.15 hectares in 2011,
and is likely to decline further, according to Ministry of Agriculture data.
Karnataka farmers have realised 38 per cent more income in 2015-16
from sale of agri-commodities through the e-trading interface Unified
Market Platform (UMP), according to a Niti Aayog report. UMP, an
initiative of Rashtriya e-Market Services Ltd (ReMS) - a joint venture
between NCDEX e-Markets Limited and Karnataka government, was set
up in 2013-14 much before the Centre rolled out eNAM, almost a similar
version for the entire country. "While all provisions of UMP are not yet
fully operational, complete implementation is expected to have a much
larger impact on farmer incomes," noted the Niti Aayog report titled
Doubling Farmer Incomes. The report analysed the prices received by
farmers between 2013-14 (the year preceding the functioning of UMP) and
2015-16 (the first year after creation of UMP). The data showed that the
modal prices of agri-produce on UMP in Karnataka witnessed much
higher increase than the wholesale rates of the same commodity in the
country.
4
 NEWS RECAP
COMMODITY HEADLINES

Farmers prepare for Kharif crops as monsoon sets in

Over 4.5 lakh tea workers in Bengal to go on strike

E-trading platform helps Karnataka farmers earn 38% more income

Why, despite bountiful harvest, India's farmers are in despair

Punjab to set up viral vaccine unit for livestock

Government okays kharif MSP; decision secret amid farmers protest

Government interventions needed to arrest pulses price fall: RBI

Oilmeals exports up 69% in May on better price parity: SEA

Haryana government gives subsidy to farmers to encourage farming of Kharif onion

Livestock farming may become less profitable: Arvind Subramanian

India's April tea output surges 31 per cent: Board

5
 Spot quotes
Commodity Name Location Price Commodity Name Location Price

Barley Jaipur 1443.15 Ref Soya Oil Nagpur

625
Chana Bikaner
7900 Ref Soya Oil Mumbai
617
Chana Delhi
8111 Soy Bean Indore
2886
Chana Indore
7923.35
Soy Bean Nagpur
Coriander Kota 5162 2897

Soy Bean Kota

Cotton Kadi 20317 2760

Guar Gum 5MT Jodhpur 7099 Soymeal Indore

22650

GUAR SEED 2 MT Jodhpur 3391 Sugar M Grade Kolhapur

3800

Guarseed Bikaner 3300 Sugar M Grade Kanpur

4000

Jeera Unjha Sugar M Grade Muzaffar Nagar

18433 3860

Mustard seed Jaipur Sugar M Grade Delhi

3712 3887

Mustard seed Alwar Sugar M Grade Kolkatta

3716 4080

Ref Soya Oil Indore 620 Turmeric Nizamabad 5525

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