WEEKLY AGRI COMMODITY REPORT

07NOVEMBER 2016

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Weekly Wrap Up
MONTH

OPEN

HIGH

LOW

CLOSE

% CHG

VOL

MONTH

OPEN

HIGH

CORIANDER

DEC

7455

8008

7437

SUPPORT

SUPP.1

SUPP. 2

7512

7189

7835

7760
RESISTAN
CE

RES. 1

RES. 2

8083

8331

5.20

9180

Coriander short term

trend is bearish and may
continue in coming days.

SUPPORT

SUPP. 1

SUPP. 2

7190

7260

7104

SUPPORT

SUPP. 1

SUPP. 2

7144

7046

PIVOT

LEVELS

RES. 1

RES. 2

7300

7358

VOL

RES. 1

RES. 2

GUARGUM

7242

7202
RESISTAN
CE

% CHG

RESISTAN
CE

PIVOT

INTRADAY
LEVELS

INTRADAY

TURMERIC

DEC

CLOSE

CASTORSEED

PIVOT

INTRADAY
LEVELS

LOW

1.23

8535

Turmeric short term

trend is bearish and may
continue in coming days.

DEC

6323

6357

6157

SUPPORT

SUPP. 1

SUPP. 2

6175

6066

6285

PIVOT

INTRADAY
LEVELS

6266
RESISTAN
CE

RES. 1

RES. 2

6375

6466

-0.96

48785

Guargum Short term

trend is bearish and
may continue in coming
days.

Weekly Recommendations

SELL GUARGUM5 DEC BELOW 6210 TARGET 6030 5780 SL ABOVE 6410
BUY GUARGUM5 DEC ABOVE 6325 TARGET 6505 6755 SL BELOW 6065

BUY CORIANDER DEC ABOVE 8010 TARGET 8230 8500 SL BELOW 7750
SELL CORIANDER DEC BELOW 7710 TARGET 7490 7220 SL ABOVE 7860

Commodities In News
Coriander futures traded higher on NCDEX as participants enlarged their
holdings on the back of strong demand in the spot market. Further, limited
arrivals from major producing belts also added support to coriander prices
uptrend. The contract for November delivery was trading at Rs 7671.00, up
by 1.93% or Rs 145.00 from its previous closing of Rs 7526.00. The open
interest of the contract stood at 9280 lots. The contract for December
delivery was trading at Rs 7671.00, up by 2.86% or Rs 213.00 from its
previous closing of Rs 7458.00. The open interest of the contract stood at
3960 lots on NCDEX. Coriander futures edged lower on NCDEX as
speculators offloaded their positions following subdued demand at the spot
market on ample stocks following rising arrivals from major producing
belts. The contract for November delivery was trading at Rs 7525.00, down
by 0.83% or Rs 63.00 from its previous closing of Rs 7588.00. The open
interest of the contract stood at 9450 lots.
Turmeric futures exhibited mixed trend on NCDEX as the November
contracts traded higher on expectation of good quality arrivals at the spot
market, while December contracts traded lower on higher supplies from the
producing regions The contract for November delivery was trading at Rs
7390.00, up by 0.16% or Rs 12.00 from its previous closing of Rs 7378.00.
The open interest of the contract stood at 10355 lots. The contract for
December delivery was trading at Rs 7190.00, down by 0.08% or Rs 6.00
from its previous closing of Rs 7196.00. The open interest of the contract
stood at 9350 lots on NCDEX.
Soyabean futures edged down on NCDEX due to higher arrivals from
the major producing belts. However, good demand from traders and mills
for the new season soybean crops capped some losses.The contract for
November delivery was trading at Rs 3073.00, down by 0.49% or Rs 15.00
from its previous closing of Rs 3088.00.The open interest of the contract
stood at 90900 lots.The contract for December delivery was trading at Rs
3141.00, down by 0.57% or Rs 18.00 from its previous closing of Rs
3159.00. The open interest of the contract stood at 85480 lots on NCDEX.

ECONOMIC NEWS

Wheat sowing has begun with the crop covering 4.28 lakh hectare in the
ongoing rabi season, up by 55 per cent from a year ago, the Agriculture
Ministry said today. Wheat is the main rabi crop and sowing starts from
October, with harvesting from April. Wheat is the main rabi crop and
sowing starts from October, with harvesting from April. As per the latest
government data, wheat has been sown in 4.28 lakh hectare so far in this
rabi (winter) season, as against 2.76 lakh hectare in the year-ago
period. Area under paddy has increased to 9.51 lakh hectare from 6.25
lakh hectare, while oilseed acreage has risen to 29.79 lakh hectare from
19.91 lakh hectare in the said period. However, pulses sowing has not
picked up yet as area covered is down at 24.16 lakh hectare so far this rabi
season as against 30.07 lakh hectare in the year-ago period. Similarly,
sowing area of coarse cereals was down at 13.84 lakh hectare as against
29.92 lakh hectare in the same period last year.
Rajasthans agriculture minister Prabhu Lal Saini has said he will not
allow field trials or planting of genetically modified mustard seeds till
there is consensus that it will not impact the environment and the
livelihood of farmers. "Scientist say that farmers will have to buy seed
annually and that if we accept this technology, then we cant alter it. In the
US and Europe they have stopped its research, whether it was for GM
brinjal, peas, tomato, etc. So, till consensus is not there, it is no and never
(for GM Mustard) in Rajasthan," Saini said at the Global Rajasthan
Agritech Meet 2016 in New Delhi. The minister said the state government
is watching what the environment ministrys genetic engineering appraisal
committee (GEAC) has to say on the matter. Saini said he is not against
technology, but is looking at the safety and welfare of farmers.
Permission was given by the government to do field trials of GM Mustard
in Bharatpur, Alwar and Hanumangarh, but we said no. There can be
pollination problem," he said.

NEWS RECAP
COMMODITY HEADLINES

Government To Sell Chana At Subsidized Rates Through Postal Network

Protein Content In Canadian Lentil Is Slightly Higher To 26.6% This Year-Says CGC

2016 -17 Coriander Sowing Started, Agriwatch Expected Lower Sowing Area

Government To Release More Chana From Buffer Stocks

Wheat sowing kick starts; acreage up 55 per cent so far

Will not allow GM mustard in state till proven safe: Prabhu Lal Saini

Rajasthan expects Rs 7,000-crore investment during agri-meet

Sugar output down 44% in October on delayed crushing in Maharashtra

Paswan blames states for high prices of pulses

India to keep wheat import tax at 10%, private imports seen at 3 million tonnes

India won't lower wheat import tax for now

Spot quotes
Commodity Name

Location

Price

Commodity Name

Location

Barley

Jaipur

1743.25

Ref Soya Oil

Nagpur

Price

671.5
Chana

Bikaner

Chana

Delhi

7900

Ref Soya Oil

8111

Soy Bean

Mumbai
660
Indore
3067

Chana

Indore

Coriander

Kota

7703.55

Cotton

Kadi

18214.3

Guar Gum 5MT

Jodhpur

6242.7

7923.35
Soy Bean

Nagpur
2954.25

Soy Bean

Kota
3025

Soymeal

Indore
24200

GUAR SEED 2 MT

Jodhpur

3339.45

Sugar M Grade

Kolhapur
3569.55

Guarseed

Bikaner

3300

Sugar M Grade

Kanpur
3934

Jeera

Unjha
17466.65

Mustard seed

Jaipur

Sugar M Grade

Muzaffar Nagar
3784.6

Sugar M Grade

Delhi

4712.35
Mustard seed

Alwar

3845
Sugar M Grade

Kolkatta

4720.25
Ref Soya Oil

Indore

669.7

3880
Turmeric

Nizamabad

7583.75

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