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WEEKLY AGRI COMMODITY REPORT

20 MARCH 2017

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Weekly Wrap Up
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL

CORIANDER CASTORSEED

APR 6750 7045 6700 7029 2.79 42730 FEB - - - - - -

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

6804 6580 - -

PIVOT Coriander short term PIVOT


INTRADAY INTRADAY
LEVELS
trend is bearish and may -
6925 LEVELS -
continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2
CE 7149 7270 CE - -

TURMERIC GUARGUM

APR 6666 6670 6376 6392 -2.74 12825 FEB 7945 8100 7680 7811 -1.34 2980

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

6289 6185 7627 7444


Guargum Short term
PIVOT Turmeric short term PIVOT
INTRADAY INTRADAY trend is bearish and
LEVELS
trend is bearish and may LEVELS
6479 7864 may continue in coming
continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2 days.
CE 6583 6773 CE 8047 8284

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Weekly Recommendations

BUY GUARGUM5 20MARABOVE 8150 TARGET 8300 8450 SL BELOW 8000


SELL GUARGUM5 20MARBELOW 7600 TARGET 7450 7300 SL ABOVE 7700

BUY CORIANDER 20MARABOVE 7060 TARGET 7150 7300 SL BELOW 7000


SELL CORIANDER 20MARBELOW 6500 TARGET 6350 6200 SL ABOVE 6600

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Commodities In News
ECONOMIC NEWS

Jeera futures traded up on NCDEX on reports of lower production The BJP government in Uttar Pradesh will waive off loans of small and
estimates in Gujarat and improved exports in 2016/17 financial year. On the marginal farmers as has been promised in party's state election manifesto
export front, Jeera exports from country increase by 26.9% to 1.33 lt for the for the recent assembly polls, Agriculture Minister Radha Mohan Singh
calendar year 2016 while the exports increase by 36.7% to 93,724 tons in said. He said the Centre will welcome if more states come forward to
first 9 month of marketing year 2016/17. Meanwhile, Jeera production in waive such loans. "During the election campaign in Uttar Pradesh, BJP
Gujarat will be 2.21 lt, down almost 11% compared to last year production had promised farm loan waiver in its state unit manifesto if it was voted to
of 2.38 lt. The contract for March delivery was trading at Rs 17040, up by power in the state," Singh had said, intervening in a debate in the Lok
1.28% or Rs 215.00 from its previous closing of Rs 16825. The open Sabha yesterday. He said there are many other states where, if the Centre
interest of the contract stood at 549 lots. The contract for April delivery was provides 3 per cent interest subvention, the state government gives 4 per
trading at Rs 17000, up by 0.86% or Rs 145.00 from its previous closing of cent loan assistance so as to sanction the loan at zero interest
Rs 16855. The open interest of the contract stood at 7872 lots on NCDEX. rate. "Similarly if any state waives off small and marginal farmers' loans,
we should welcome it," he said. "I want to clarify that BJP has mentioned
Soyabean futures traded marginally higher on NCDEX, boosted by this in its state unit election manifesto, not in the manifesto for the Lok
increase in meal exports. Reports from SEA showed that India exported Sabha elections," Singh said.
207,977 tonnes soymeal in February, up from 29,950 tonnes in the year -
ago period. Further, higher prices in international markets for soyabean too The government and industry body ISMA are not on the same page
added support to domestic soyabean prices. Though, expectations of about production estimate for current year's sugar production as food
plentiful South American supply capped some gains. The contract for March minister Ram Vilas Paswan has accused ISMA of giving misleading
delivery was trading at Rs 2809.00, up by 0.75% or Rs 21.00 from its projections for the sugar production. ISMA has said that the country will
previous closing of Rs 2788.00. The open interest of the contract stood at produce more than 25 million tonnes of sugar in 2017-18. It's the
23030 lots. The contract for April delivery was trading at Rs 2867.00, up by projections for next year and it will influence key policy decision about
0.35% or Rs 10.00 from its previous closing of Rs 2857.00. import of the sweetener. Food minister Ram Vilas Paswan had accused
ISMA of misleading the industry and the farmers and ruled out need of
Turmeric futures edged higher on NCDEX on rising exports demand at any imports. ISMA too is firmly opposed to imports and it has said that the
the spot market. On the export front, country exported about 82,115 tons government needs to consider sugar production of two consecutive years
during April-December period, up by 28% compared to last year exports of to decide anything about imports. "Decision to import sugar does not
64,105 tons. Though, some gains were capped on higher arrivals from the depend upon one year's sugar production. India will produce 25 million
producing regions. Reports showed that the turmeric arrival in the country is tonnes or more sugar in 2017-18 as the next year's sugar production of
higher at 50,506 tons during March 1-13 compared to 11,057 tons during Uttar Pradesh is expected to more than the current year," said T Sarita
previous month. Reddy, president, ISMA. The trade body expects increase in area under
sugarcane in the drought hit states of Maharashtra and Karnataka during
the next crushing season.

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NEWS RECAP
COMMODITY HEADLINES

BJP government in UP will waive off farm loans: Agriculture Minister

Government gives no commitment on farm debt waiver

ISMA giving misleading production figure; no need to import sugar: Ram Vilas Paswan

Agriculture ministry maintains status quo on Bt cotton MSP

Maharashtra's sugar output to be lowest in the decade this year

Government to link 400 mandis on electronic trade platform this month

585 mandis to be integrated online by March next year: Agri minister Radha Mohan Singh

ETC Agro in talks with IFC to finalise terms for $30 million loan

GST: New rules will have impact on retail chains, restaurants and contractual farming

Poultry integrators to prune capex by a third, adopt wait and watch policy

Punjab Agriculture University develops Bt cotton variety with reusable seeds

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Spot quotes
Commodity Name Location Price Commodity Name Location Price

Barley Jaipur 1562 Ref Soya Oil Nagpur


653
Chana Bikaner
7900 Ref Soya Oil Mumbai
650
Chana Delhi
8111 Soy Bean Indore
3012
Chana Indore
7923.35
Soy Bean Nagpur
Coriander Kota 6613 2929

Soy Bean Kota


Cotton Kadi 20676 2862

Guar Gum 5MT Jodhpur 7937 Soymeal Indore


23231

GUAR SEED 2 MT Jodhpur 3800 Sugar M Grade Kolhapur


3960

Guarseed Bikaner 3800 Sugar M Grade Kanpur


4045

Jeera Unjha Sugar M Grade Muzaffar Nagar


1735 3895

Mustard seed Jaipur Sugar M Grade Delhi


3900 3835

Mustard seed Alwar Sugar M Grade Kolkatta


3767 4100

Ref Soya Oil Indore 657 Turmeric Nizamabad 6381

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Date: 2017-03-18 12:56+05:30

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