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1. DAILY AGRI COMMODITY REPORT
16 June 2016
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
JULY 7964 8050 7924 8050 +0.93 9650
INTRADAY
LEVELS
SUPPORT SUPP. 1
7996
SUPP. 2
7882
PIVOT
8008
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8092
RES. 2
8134
CORIANDER
JULY 6904 6954 6812 6845 -0.64 4250
INTRADAY
LEVELS
SUPPORT SUPP.1
6787
SUPP. 2
6728
PIVOT
6870
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
6929
RES. 2
7012
GUARGUM
JULY 5580 5650 5510 5600 +0.54 17774
INTRADAY
LEVELS
SUPPORT SUPP. 1
5523
SUPP. 2
5447
PIVOT
5587
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5663
RES. 2
5727
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 6907 6945 -0.55
CORIANDER 6769 6864 -1.38
GUARGUM 5520 5580 -1.08
JEERA 17150 17055 +0.56
MUSTARD
SEED
4676 4690 -0.30
SOYABEAN 3945 3916 +0.74
TURMERIC 7950 7882 +0.86
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
GUAR GUM 20-06-2016 5480.00 -120.00 -2.14%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
SOY BEAN 20-06-2016 3895.00 54.00 1.41%
JEERA 20-06-2016 17215.00 195.00 1.15%
CORIANDER 20-06-2016 6830.00 45.00 0.66%
TURMERIC 20-06-2016 7900.00 50.00 0.64%
WHEAT 20-06-2016 1710.00 8.00 0.47%

4. Commodities In News
4
ECONOMIC NEWS
With the central government coming under attack over rising pulse
prices, Food Minister Ram Vilas Paswan sought to shift some blame to the
states, saying they are equally responsible for keeping the rates of essential
commodities under control.Despite several measures, pulses are still ruling
high at over Rs 170 per kg in most parts of the country due to a widening
demand-supply gap following two successive droughts.Paswan, who
launched sale of tur and urad at a subsidised Rs 120 per kg through mobile
vans of co-operative NCCF in the national capital, said: "If prices rise
despite this move, the Centre is not responsible. In a federal structure,
states have equal responsibility in controlling prices." Passage of the GST
Bill and creation of the national common agriculture market would address
the price rise issue to a large extent, he hoped.The National Cooperative
Consumers' Federation of India (NCCF) is the third player after Mother
Dairy's Safal and Kendriya Bhandar that will be selling tur and urad at the
subsidised rate in the national capital.Asserting that the Centre is "serious"
about the price rise issue, Paswan said, "We have created a buffer stock
and have asked states to place their requirement for retail distribution.
However, not many states have shown interest." The Centre is offering to
state governments the un-milled tur and urad from the buffer stock at Rs 66
per kg for retail distribution at not more than Rs 120 in order to provide
relief to consumers.So far, Andhra Pradesh, Tamil Nadu, Telangana and
Maharashtra have lifted some quantity of pulses from the buffer stock.
Rajasthan had placed its demand, but has not yet lifted the commodity.
Paswan maintained that it is "wrong to blame" the central government for
price rise when states have powers to take effective action against hoarders
and blackmarketeers by imposing stock limits on traders."We can only give
direction to states to take action against hoarders. We cannot do it
ourselves because power rests with the states and they have to do (it)," he
said.He further said that the states have been asked to create their own
buffer stock of pulses and even undertake imports if there is such a
crisis.The challenge of demand-supply gap of about 7.6 million tonnes is
being addressed via public and private imports and local procurement for
buffer stock creation of 1.5 lakh tonnes this year.
Jeera on NCDEX settled down by on weak demand from traders and
stockists at the spot market. Though, some losses were capped due to
reduced stock for domestic consumption coupled with strong export
outlook for 2016-17. At Rajkot market in Rajkot(Guj.), sources
reported arrivals at 225 quintal, down by 15 quintal as against previous
day. Reduced stock for domestic consumption coupled with strong
export outlook for 2016-17 has pushed jeera prices up in the domestic
market.In the first three months, around 45,000 tonnes of the spice has
been exported. Exports will continue till the next sowing in October-
November. Total exports will cross 100,000 tonnes this year with
China being a major buyer at around 35,000 tonnes. Last year, India
exported 1,55,000 tonnes. Notably, the country’s jeera exports have
been on a decline since 2013-14 from 1,60,000 tonnes reported that
year. Turkey and Syrian supplies will not have any major role in the
price as their contribution will not be significant.
Turmeric on NCDEX settled down on profit booking after prices
gained on the back of local demand at the spot market. Reports of
steady domestic demand and expectation of higher sowing prospects
have pressurizing prices. The prices may be range bound to higher on
reports of forecast of above normal rains in turmeric growing area in
south India.Turmeric arrivals have been higher in February, March and
April compared to last year but the arrivals have slowed in May as per
data. However, the arrivals are higher by 105% in May 2016 compared
to last year same month. Producers are releasing their lower or medium
grade Turmeric and holding premium quality in the anticipation of
better return ahead on anticipation of some weather disturbances in the
coming monsoon. As per dept of commerce data, turmeric exports in
2015-16 are pegged at 85,426 tonnes while the export for the 2014-15
was 90,738 tonnes for the same period. Spot turmeric prices increased
slightly at Erode markets on the back of local demand. Traders
procured 65 per cent of the stocks of the 5,300 bags kept for sale.

5. 5
Fundamental Watch : Castorseed
CASTORSEED PRICES AT KEY SPOT
MARKET
National Market Update
Cash market traded weak despite good demand for oil from overseas buyers.
Small farmers continue to release stock as they lacks retaining capacity. They
need money for kharif sowing.However,30 percent crop is believed to be
retained by big farmers. Any major dip from current level is unlikely as seed
price is ruling at lower level. Recovery in seed price is expected from July,
when planting starts.
Likely good rainfall would encourage farmers to shift from castor to Urad
and other spices including cotton in Gujarat and Rajasthan.
All India average price for castor seed decreased by 1.71% from Rs 3179.72
to Rs 3125.13 per qtl during the week ended 11th June-2016. It is lower by
10.99 % from the price registered in the second week of June, 2015. As prices
are ruling lower, buyers remain active.
India exported 15157.48MTcastor oil during week ended 5thJune-2016 at an
average price of $1126.76 per MT. It is higher by 5.78 % quantity wise from
previous week. The maximum and minimum prices were registered at
$5228.18 and 810.20 per MT. Castor oil export volume would continue to
move up as prices are lower and availability is higher.
Prices of seed in Andhra Pradesh and Maharashtra have increased by 1.21, &
10.07 percent last week despite pre sowing intention of farmer hints lower
area coverage. Major price dip has been seen in Tamil Nadu and Telangana
last week .Price of seed in Rajasthan decreased slightly too as buyers remain
uncertain over short term sentiments.
CENTER 15-Jun-16 14-May-16 Change
SUMERPUR 3010 3000 +10
PATAN 3050 3100 -50
MEHSANA 3025 3035 -10
BHABAR 3030 3035 -5
HARJI 3025 3060 -35
RAJKOT 3095 3020 +75
KADI 3070 3080 -10

6. Technical Outlook
6
SELL CORIANDER JULY BELOW 6800 TARGET 6755 6655 SL
ABOVE 6865
SELL GUARGUM JULY BELOW 5560 TARGET 5510 5440 SL
ABOVE 5620
SELL TURMERIC JULY BELOW 8050 TARGET 8006 7946 SL
ABOVE 8110

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