This daily commodity report provides market views and analysis on agri commodities such as turmeric, coriander, guar gum, and castor seed. It discusses the most active contracts and top gainers and losers on the NCDEX. It also covers economic news including monsoon rains in India and government initiatives on pulses and sugar. The report concludes with technical trading recommendations to buy and sell various commodity contracts.

1. DAILY AGRI COMMODITY REPORT
22 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
AUG 8108 8220 8108 8180 +0.91 2305
INTRADAY
LEVELS
SUPPORT SUPP. 1
8119
SUPP. 2
8057
PIVOT
8169
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8230
RES. 2
8281
CORIANDER
AUG 7081 7168 7080 7168 +1.33 960
INTRADAY
LEVELS
SUPPORT SUPP.1
7109
SUPP. 2
7051
PIVOT
7139
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
7197
RES. 2
7227
GUARGUM
OCT 5730 5800 5700 5720 +0.34 5674
INTRADAY
LEVELS
SUPPORT SUPP. 1
5680
SUPP. 2
5640
PIVOT
5740
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5780
RES. 2
5840
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 6889 6870 +0.28
CORIANDER 7100 7007 +1.33
GUARGUM 5350 5340 +0.19
JEERA 17590 17755 -0.93
MUSTARD
SEED
4758 4710 +1.02
SOYABEAN 3831 3827 +0.10
TURMERIC 8144 8068 +0.94
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-07-2016 17590.00 -150.00 -0.85%
BARLEY 20-07-2016 1579.00 -13.50 -0.85%
WHEAT 20-07-2016 1778.00 -13.00 -0.73%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-07-2016 7100.00 105.00 1.50%
GUAR GUM 20-07-2016 5350.00 10.00 0.19%
CHANA 20-07-2016 6889.00 10.00 0.15%

4. Commodities In News
4
ECONOMIC NEWS
Monsoon rains have covered nearly half of the country, the weather
department said on Monday, accelerating planting of summer crops like
paddy rice, soybeans, cotton and pulses.The June to September monsoon is
crucial for farm output and economic growth in India, where just over half
of arable land is fed by rain. The farm sector makes up about 15 percent of
the $2-trillion economy that is Asia's third biggest.The sowing has been
held up this year due to a delay in the arrival of monsoon rains, but now
conditions are becoming favourable for further progress of the monsoon in
central and western India, the weather office said in a statement.The
monsoon has covered all southern and eastern states and nearly the whole
of Maharashtra, the biggest producer of sugar and second biggest producer
of cotton and soybeans."Paddy (rice) transplanting is gaining momentum in
southern and eastern states," said an official at the Agricultural
Meteorology Division of India Meteorological Department."Soybean,
cotton and pulses sowing will also gain momentum this week," the official
said.Sowing is expected to peak by the last week of June and first week of
July. After hovering over Karnataka coast around June 10-18, the
monsoons have covered most parts of Maharashtra and is expected to cover
south Gujarat, parts of Madhya Pradesh, East Uttar Pradesh and Bihar in
the next 48 hours. "There will be better rainfall during the next 15 days
over central India," DS Pai, director (long range forecast), IMD, has said.
As of June 17, kharif sowing was completed on 84.21 lakh hectares, which
is 10% less than last year.Rice was sown on 9.17 lakh hectare, pulses on
3.32 lakh hectares, coarse cereals on 6.01 lakh hectares and oilseeds on
1.88 lakh hectares. N Chattopadhyay, deputy director general (Agrimet),
IMD, said, "Nursery sowing operations have started in Andhra, Odisha,
West Bengal, Jharkhand and Chhattisgarh. We have also advised farmers
in Maharashtra to begin sowing of cotton and soyabean." AK Nayak,
acting director, Central Rice Research Institute, Cuttak, said, "monsoon has
covered most of Odisha.Though it is not strong, it is sufficient for nursery
sowing and direct sowing, which have started." Karnataka has completed
kharif sowing on 17% of its kharif area, with farmers sowing cotton, maize
and red and green grams.
Chana on NCDEX settled down on profit booking amid government
initiatives to check rising prices and availability of pulses. Government
decides to increase the buffer stock of pulses from 1.5 Lakh tonnes to 8
Lakh tonnes to ensure continuous flow and to curb down rising prices.
This increase in quantity is expected to help farmers to sell pulses at
reasonable rate.At present Central Government is providing un-milled
tur and urad from buffer stock to state governments at Rs 66 per kg for
retail distribution at not more than Rs 120. In a bid to increase supplies
in the domestic market to rein in soaring prices, the government
decided to increase the buffer stock of pulses to 800,000 tons from
150,000 tons at present. "In a significant decision the government has
decided to enhance buffer stock of pulses from 150,000 to 800,000 tons
in a high level meeting on prices," said a senior official. Earlier
government decided to create a buffer stock of 150,000 tons and
government agencies have already bought nearly 115,000 tons from
domestic market and contracted to import nearly 40,000 tons.
Turmeric on NCDEX settled up on anticipation of lower production
due to the dryness during the sowing season and excessive rains prior
to harvesting in Tamil Nadu and Andhra Pradesh. Sowing is likely to
pick up shortly with the revival of monsoon over producing centers of
Andhra Pradesh, Telenagana, Tamil Nadu, Odisha and Maharashtra.
Andhra Pradesh, Telangana and Tamil Nadu are amongst the major
turmeric producing states.Maharashtra, Odisha and eastern India are the
other producing states. IMD has predicted that monsoon will become
active in the coming week, which will help the farmers to go for
sowing. Sowing during 2016 is expected be higher because of
prevailing remunerative prices in the domestic market. Turmeric
production for the current crop year (2015-16) is estimated to be
around 315,000 tons compared to the previous year production of
324,000 tons.Arrival of turmeric to the spot markets at Erode declined
today on the back of slack demand, while prices remained unchanged.
Arrivals were at 4,000 bags.

5. 5
Fundamental Watch : Sugar
SUGAR PRICES AT KEY SPOT MARKETNational Market Update
Datagro predicted a global sugar supply deficit of 6.2 MT in 2015-16 while
the deficit is expected to expand further in 2016-17 to 7.1 MT.
The Thai Cane and Sugar Corp (TCSC) will be selling 1.09 lakh tons of raw
sugar (scheduled for shipment on March and May, 2017) via a tender on 28
June, 2016.
As per the latest UNICA report, Brazil’s centre south region had crushed
around 32.43 MT of sugarcane in the second half of May, 2016 to produce
1.68 MT of sugar there on.
The Indonesian govt. issued import permit for shipment of one lakh ton of
white sugar in between June – October, 2016.
With a view to control soaring sugar prices within the country, the Indian
govt. had imposed an export duty of 20% on exports of sugar (raw, white or
refined).
Indian sugar exports fell by 43% as the country exported 30.9 thousand tons
of sugar for the week ending 12th Jun, 2016 compared to 53.8 thousand tons
of exports made in the previous week.
The Karnataka govt. exempted purchase tax and cess (for the next two years
i.e. till 31st March, 2018) to those sugar millers in the state which comply with
the payment of pending cane arrears to the farmers for the past three years i.e.
2013-14, 2014-15 and 2015-16.
CENTER 21-Jun-16 20-May-16 Change
DELHI 3700 3700 UNCH
MUMBAI 3802 3802 UNCH
VIJAYWADA 3900 3900 UNCH
NAGPUR 3700 3700 UNCH
CHENNAI 3425 3425 UNCH
AMBIKAPUR 3035 3035 UNCH
DHAMPUR 3670 3670 UNCH

6. Technical Outlook
6
BUY CORIANDER JULY ABOVE 7100 TARGET 7145 7245 SL
BELOW 7035
SELL GUARGUM JULY BELOW 5300 TARGET 5250 5180 SL
ABOVE 5360
SELL TURMERIC JULY BELOW 8136 TARGET 8092 8032 SL
ABOVE 8196

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