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1. DAILY AGRI COMMODITY REPORT
16 November 2016
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2. Market Views
2
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
TURMERIC
DEC 6952 7000 6772 6842 -2.23 4290
INTRADA
Y LEVELS
SUPPORT SUPP.1
6743
SUPP. 2
6643
PIVOT
6871
Turmeric short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6971
RES. 2
7099
CORIANDER
DEC 7335 7440 7213 7371 -1.02 1760
INTRADAY
LEVELS
SUPPORT SUPP.1
7243
SUPP. 2
7114
PIVOT
7341
Coriander short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7470
RES. 2
7568
GUARGUM
NOV 5758 5787 5655 5670 -2.94 5630
INTRADAY
LEVELS
SUPPORT SUPP. 1
5621
SUPP. 2
5572
PIVOT
5704
Guargum short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
5753
RES. 2
5836
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTA
NCE
RES. 1
-
RES. 2
-

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
Castorseed - - -
Chana - - -
Coriander 7400 7370 0.41
Guargum5MT 5670 5842 -2.94
Jeera 16700 16360 2.08
Mustard seed 4424 4468 -0.98
Soybean 2947 2956 -0.3
Turmeric 7456 7304 2.08
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
SUGAR M GRADE 20-12-2016 3449.00 79.00 2.34%
REF SOYA OIL 18-11-2016 676.00 2.20 0.33%
NA - - - -
NA - - - -
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
NA - - - -
NA - - - -
NA - - - -

4. Commodities In News
4
ECONOMIC NEWS
 The agribusiness/trading has been well affected after demonetization.
The supplies of newly harvest kharif produce at the cash markets/mandi
yards is severely affected by 70 – 75% across market centers in the
country. Not all, but some wholesellers, processors/millers especially those
who are confident in logistics are eager to buy the produce and are ready to
pay in instruments like cheque. But farmers seemed cautious accepting the
instrument, again hampering trade. A negligible farmers have come
forward who have asked to pay through NEFT or RTGS, this maybe a
large number not comfortable in e-transactions as traditional practice is
mainly cash. Most of the farmers are badly affected as they are not been
able to sell their produce at large quantities. They were already facing the
lower returns due to the harvest pressure and good kharif production;
additionally demonetization has hit them hard. Farmers responded they are
forced reserved selling which they don’t want to as they have multiple
repay liabilities from seed to fertilizers. Surprisingly, at such crisis, we
have learned the seed.
 Maharashtra government is about to formulate a policy to bring all the
cin the state under drip irrigation and is thinking over giving zero interest
loans to farmers instead of handing over the subsidies to the drip irrigation
companies. "We recently had a meeting with Maharashtra chief minister
Devendra Fadanvis. We are thinking of paying the interest rate on the loan
that the farmers will have to avail to purchase the drip irrigation systems
instead of the existing system of giving subsidy to the companies," said
Nitin Gadkari, union minister of transport. However, former union
agriculture minister Sharad Pawar argued that if drip irrigation is made
mandatory then it will be tough to implement in the areas, which are
dependent on canal water for irrigation. "Farmers will have to invest in
laying pipeline, storage structure to get water. They will have to get access
to uninterpreted power supply," he said.
 Soybean futures displayed a weak trade on NCDEX as speculators
trimmed positions on weak demand. The trading sentiment weakened
further on higher stocks in the physical market and drop in soymeal
exports orders. The harvesting of soybean in full swing and supplies are
strong in the physical market. The contract for November delivery was
trading at Rs 2951, down by 0.17% or Rs 5.00 from its previous
closing of Rs 2956. The open interest of the contract stood at 14300
lots. The contract for December delivery was trading at Rs 3008, down
by 0.76% or Rs 23.00 from its previous close of Rs 3031. The open
interest of the contract stood at 128950 lots on NCDEX.
 Jeera futures edged higher on NCDEX as speculators enlarged their
positions, tracking a firm trend in spot market amid restricted arrivals
from producing belts. Further, improving demand query in domestic as
well as export market also supported Jeera futures price. The contract
for November delivery was trading at Rs 16495, up by 0.83% or Rs
135 from its previous closing of Rs 16360. The open interest of the
contract stood at 444 lots. The contract for December delivery was
trading at Rs 16570, up by 0.09% or Rs 15 from its previous closing of
Rs 16555. The open interest of the contract stood at 9258 lots on
NCDEX.
 Turmeric futures exhibited mixed trend on NCDEX as the near term
contract traded higher on firm spot market demand, while December
contract declined on the expectations of higher arrivals from the major
producing regions. The contract for November delivery was trading at
Rs 7332, up by 0.38% or Rs 28 from its previous closing of Rs 7304.
The open interest of the contract stood at 1450 lots. The contract for
December delivery was trading at Rs 6872, down by 1.8% or Rs 126
from its previous closing of Rs 6998. The open interest of the contract
stood at 8555 lots on NCDEX.

5. Technical Outlook
5
BUY CORIANDER DEC ABOVE 7370 TARGET 7420 7480 7550 SL
BELOW 7340
BUY GUARGUM5 DEC ABOVE 5820 TARGET 5870 5930 5980 SL
BELOW 5770
SELL TURMERIC DEC BELOW 6745 TARGET 6690 6650 6600
SL ABOVE 6793

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