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1. DAILY AGRI COMMODITY REPORT
12 May 2016
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
JUNE 8140 8214 8140 8210 +1.38 5015
INTRADAY
LEVELS
SUPPORT SUPP. 1
8162
SUPP. 2
8114
PIVOT
8188
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
8236
RES. 2
8262
CORIANDER
JUNE 7175 7208 7127 7162 +0.63 4720
INTRADAY
LEVELS
SUPPORT SUPP.1
7123
SUPP. 2
7085
PIVOT
7166
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
7204
RES. 2
7247
GUARGUM
JUNE 5490 5490 5360 5420 +0.99 16767
INTRADAY
LEVELS
SUPPORT SUPP. 1
5357
SUPP. 2
5293
PIVOT
5423
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5487
RES. 2
5553
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTAN
CE
RES. 1
-
RES. 2
-

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED - - -
CHANA 5678 5605 +1.30
CORIANDER 7125 7064 +0.86
GUARGUM 5330 5360 -0.56
JEERA 16640 16420 +1.34
MUSTARD
SEED
4378 4347 +0.71
SOYABEAN 3867 3857 +0.26
TURMERIC 8480 8244 +2.86
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
GUAR GUM 20-05-2016 5330.00 -30.00 -0.56%
REF SOYA OIL 20-05-2016 649.60 -0.15 -0.02%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
TURMERIC 20-05-2016 8480.00 240.00 2.91%
CHANA 20-05-2016 5678.00 61.00 1.09%
CORIANDER 20-05-2016 7125.00 75.00 1.06%
JEERA 20-05-2016 16640.00 170.00 1.03%

4. Commodities In News
4
ECONOMIC NEWS
Sugar production in the country is estimated to fall by 11 per cent to 252
lakh tonnes this marketing year ended September due to lower sugarcane
supply in Maharashtra, Karnataka and Uttar Pradesh.However, there is no
shortage of sugar in the country, Food Minister Ram Vilas Paswan said in a
written reply to Lok Sabha.He said the government is closely monitoring
sugar prices in the domestic market as well as sales by millers."During the
current sugar season 2015-16 (October- September), the production of
sugar has been estimated to be about 252 lakh tonnes which is less as
compared to last sugar season's production of 284.63 lakh tonnes," Paswan
said.Sugar production declined mainly due to low sugarcane production
and its availability to sugar mills for crushing in the states of Maharashtra,
Karnataka and Uttar Pradesh, the Minister said.With the carry over stock of
90 lakh tonnes and an estimated production of 252 lakh tonnes, the total
availability of sugar would be more than estimated domestic demand of
about 256 lakh tonnes."As such, there is no shortage of sugar in the
country," Paswan said.The minister said in recent past, certain quarters
were indulging in speculative activities and holding their stock in
anticipation of price rise.To stabilise price, the Centre has imposed stock
holding and turnover limits on sugar traders. "The government is also inter-
alia closely monitoring prices of sugar in the domestic market as well as
sales by sugar mills," Paswan said."The area, yield and production of
sugarcane in the state of Maharashtra has reduced during current sugar
season 2015-16 as compared to last season 2014-15 due to drought
situation. This affected sugarcane availability to sugar mills for crushing,"
the Minister said."Domestic procurement of pulses has been undertaken
including from farmers. Till now, a total of 50,424.07 tonnes of tur and
urad from kharif marketing season 2015-16 and 11,754.06 tonnes of chana
and masur from rabi marketing season 2016-17 have already been
procured," Food Minister Ram Vilas Paswan said in a written reply to the
Lok Sabha.In addition, imports have been contracted for about 13,500
tonnes of tur and 12,500 tonnes of urad, the Minister added.Andhra
Pradesh, Telangana, Maharashtra, Tamil Nadu and Rajasthan have so far
requested for allocation of pulses from buffer stock.
Turmeric on NCDEX settled up on receiving few upcountry demands
from North India. Further, lower arrivals from the producing belts too
fuelled the uptrend. New season crop has hit the markets and continue
to peak in current month but majority of arrivals are of medium quality.
Due to poor demand for turmeric, prices were down Rs. 9,000 a
quintal. Turmeric growers are bringing very limited stock for sale due
to poor upcountry demand.Farmers brought only 4,400 bags on
Monday and 70 per cent of the stock was sold. Buyers also quoted
decreased price. Further, due to the Tamil Nadu Assembly Election and
implementation of model code of Conduct Rules by the Election
authorities, buyers were reluctant to take huge money for buying the
commodity. Similarly, farmers were also frightened to take huge
money. Arrival to other North Indian turmeric markets also saw a dip
and Nizamabad market was closed due to some local problem between
traders and the government.In other markets too, prices saw a
downward trend. Prices of finger variety decreased Rs. 200 a quintal
and the root variety by Rs. 150 a quintal.
Ref Soya oil settled flat at 664.05 on over supply following higher
imports data. As per USDA weekly export sales report, net sales for
2015-16 were around 10,000 tons up by 4% from previous week and
noticeably up from prior 4 weeks. As per latest SEA data, during Nov-
Mar period of the current 2015- 16 oil year, the import of vegetable oils
(comprising edible and nonedible oils) increased by 17.86% to 63.15 lt
as compared to 53.58 lt in the corresponding period of the previous
year. Moreover, Import of soy oil during Mar 2016 is reported at 3.21 lt
compared to 3.80 lt in Feb 2016.Oilmeals export dropped 52 per cent to
1.18 million tonnes (mt) in 2015-16, against 2.46 mt the previous year,
due to a sharp fall in soyabean shipments, the Solvent Extractors'
Association (SEA) said. In value terms, export fell 65 per cent to Rs
1,510 crore, compared to Rs 4,298 crore in 2014-15. "Lower
production of soyabean, coupled with high price in the domestic market
resulted in to drastic fall in crushing, leading to disparity in export of
soyabean meal," SEA said.

5. 5
Fundamental Watch : Chana
CHANA PRICES AT KEY SPOT MARKETNational Market Update
According to IBIS (provisional data), import of pulses in the week (02 May-
08 May) was around 72.9 Thousand tonnes at major ports in India, around
15% higher than previous week’s (25 Apr-01 May) import of 63.5 Thousand
tonnes. Chana, Green Pea, , Kidney Bean, Masoor, Urad Pigeon Pea and
Moong were imported lower this week whereas Cow Pea and Yellow Pea and
were imported higher as compared to last week.
According to IBIS, India green pea imports were around 2.51 Thousand MT
tones in the week (02 May- 08 May) which is around 3% lower than last week
(26 Apr- 01 May).Last week it was 2.60 Thousand MT. Canada exported
around 2.18 thousand MT at an average price of $ 408.42 Cif per tonne and
USA exported 0.33 thousand MT at an average price of $ 454.95 Cif per
tonne. At present Green Pea price in Mumbai market is going around Rs 3200-
3400 per quintal.
According to IBIS (provisional data), India moth imports were around 0.35
Thousand MT tonnes in the week (02 May- 08 May) which is around 36%
lower than last week (26 Apr- 01 May).Last week it was 0.55 Thousand MT.
Moth was generally imported from Afghanistan at JNPT port at an average
price of $765.16 CiF per tonne. At present, moth price in Jaipur market is
hovering around Rs 5600-5700 per quintal.
FSSAI has issued a regulation draft on imported pulses to ensure quality.
They have fixed the foreign matter limit at a maximum 3 per cent by weight.
Out of 3 percent allowed maximum of 0.5 percent by weight may be inorganic
matter and impurities of animal origin.
CENTER 11-May-15 10-May-15 Change
AHMEDNAGAR 5500 5500 UNCH
ALWAR 5400 5350 +50
GWALIOR 5600 5700 -100
JAIPUR 5800 5750 -50
KANPUR NA NA -
NAGPUR 5700 5600 +100
VIJAYWADA 5100 5050 +50

6. Technical Outlook
6
SELL CORIANDER JUN BELOW 7100 TARGET 7055 6955 SL
ABOVE 7165
SELL GUARGUM JUN BELOW 5350 TARGET 5300 5230 SL
ABOVE 5410
BUY TURMERIC JUN ABOVE 8240 TARGET 8284 8344 SL
BELOW 8180

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