WEEKLY AGRI COMMODITY REPORT

22 JUNE 2015

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Weekly Wrap Up

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MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL

CORIANDER

JULY 12350 12484 11575 11945 -4.06 116700

INTRADAY

LEVELS

SUPPORT SUPP.1

11519

SUPP. 2

11092

PIVOT

12001

Coriander short term

trend is down, further

more upside is

expected in comimg

days.RESISTAN

CE

RES. 1

12428

RES. 2

12910

CASTORSEED

JULY 4142 4145 3893 3996 -3.97 339550

INTRADAY

LEVELS

SUPPORT SUPP. 1

3878

SUPP. 2

3759

PIVOT

4011

Castorseed short term

trend is down, Prices

expected to go down in

coming days.RESISTAN

CE

RES. 1

4130

RES. 2

4263

TURMERIC

JULY 7422 7496 7000 7090 -5.01 83760

INTRADAY

LEVELS

SUPPORT SUPP. 1

6895

SUPP. 2

6699

PIVOT

7195

Turmeric short term

trend is down and may

continue in coming

days.RESISTAN

CE

RES. 1

7391

RES. 2

7691

GUARGUM

JULY 11310 11310 10150 10150 -10.65 48345

INTRADAY

LEVELS

SUPPORT SUPP. 1

9763

SUPP. 2

9377

PIVOT

10537

Guargum Short term

trend is down,

Expecting price may go

up in coming days.RESISTAN

CE

RES. 1

10923

RES. 2

11697

Weekly Recommendations

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BUY CORIANDER JULY ABOVE 12210 TARGET 12310 12410 SL BELOW 12060

SELL CORIANDER JULY BELOW 11750 TARGET 11650 11550 SL ABOVE 11900

BUY GUARGUM JULYABOVE 10820 TARGET 10970 11120 SL BELOW 10620

SELL GUARGUM JULYBELOW 10000 TARGET 9850 9700 SL ABOVE 10200

Commodities In News

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ECONOMIC NEWS

Agriculture minister Radha Mohan Singh launched an insurance

portal on Thursday for farmers that will help with queries and

getting cover. "Farmers suffer huge losses due to their non-

awareness about insuring their crops and its procedure. There was

an urgent need for a portal which could educate and help them,"

said the minister, who also launched a weather alert service. An

online interface for filing insurance applications and allowing the

scrutiny of these by banks is proposed to be developed in the second

phase. Under the current provisions, farmers can insure their crops

under three programmes — the National Agriculture Insurance

Scheme (NAIS), Modified National Insurance Scheme (MNAIS)

and Weather-Based Crop Insurance Scheme (WBCIS). Besides this,

the Coconut Palm Insurance Scheme (CPIS) is applicable in some

parts of the country. However, as per the agriculture ministry, only

about 20% of gross cropped area was insured in 2014-15.The new

web-based portal (www.farmer.gov.in/insurance) has been

developed to enter essential information under the three schemes

cited above.

The monsoon's revival has soaked parched fields and replenished

water reserves, prompting farmers to plant crops and easing anxiety

of financial markets that were worried that a weak start of the rainy

season would stoke inflation, dent demand and derail reforms.While

rainfall in July is critical for farm production, the monsoon's

performance has been promising so far despite the weather office's

forecast of a 12 per cent seasonal deficit. Rainfall since June 1 has

been 10 per cent higher than average, as the monsoon suddenly

gained momentum last week turning around from a weak and late

start. The sluggish start of the season had contributed to the fall in

the stock market for several sessions, but the market is now rising

again, in step with the monsoon.

India's domestic cotton prices are likely to remain stable in in CY

2015/16, as per a new report by rating agency ICRA.ICRA estimates

suggest that even if the domestic cotton production declines by upto

15% to 32-33 million bales, the domestic cotton position will remain

adequate at 1-2 month of consumption which will keep the cotton

stocks comfortable and prices range-bound.Alternately, an Increase in

domestic cotton production too will also have limited impact on

cotton prices realized by farmers due to MSP operations by CCI;

however the domestic and international market prices for spinning

mills will be driven by the rates at which CCI offloads the cotton,

ICRA said.

The sowing of the turmeric is expected to pick up gradually as

rains in growing areas in Andhra Pradesh and Tamil Nadu keep

possibilities of improved sowing. There is a huge carryover stock in

domestic market for the medium quality turmeric. Sowing of

Turmeric in AP for the 2014-15 season is reported at 0.13 lakh ha, as

against 0.1 lakh ha last year. The area in Telangana stood at 0.446

lakh ha against 0.431 lakh ha last year.

India will be importing pulses between six to seven million tons at

very high prices resulting unprecedented hike in the market if

adequate precautionary measures are not taken timely. As per 3rd

Advance Estimates for 2014-15, Chana production is estimated at

7.59 against 8.28 million tons (mt) in 2nd estimate. As per department

of commerce data, 3.90 lakh tonnes of chana was imported during

April 2014 to February 2015 while according to market sources, from

February till now, over 1 lakh tonnes of chana has been imported into

the country. Meanwhile, Government has extended duty free imports

of pulses including chana till September 2015.

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NEWS RECAP

COMMODITY HEADLINES

Agriculture minister Radha Mohan Singh launches insurance portal for farmers.

State government initiative to make Arunachal organic state.

Government hikes pulses MSP sharply to boost output, check prices.

CCEA hikes paddy minimum support price by Rs 50 to Rs 1,410 per quintal for 2015-16.

Rapid warming of Indian Ocean weakening the monsoon, may impact agriculture and financial sectors

FCI to enhance wheat procurement in eastern states.

PSUs to soon float pulses import tenders: Agriculture Secretary Siraj Hussain.

India's cotton output may drop for second straight year: USDA.

MP to offer crop loan at -10% from crop year 2015-16.

Over 40,000 tonnes of grain damaged in FCI godowns in last 2 years.

Spices Board to open a string of Spice India showrooms.

SPOT QUOTES

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COMMODITY NAME LOCATION PRICE

Mustardseed Jaipur 4197.15

Mustardseed Alwar 4201.75

Ref Soya Oil Nagpur 603

Ref Soya Oil Indore 610

Ref Soya Oil Mumbai 595

Ref Soya Oil Indore 610

Soy Bean Kota 3531.25

Soy Bean Indore 3623

Soy Bean Nagpur 3672

Soybean 2 MT Indore 3623

Soymeal Indore 31500

Sugar S Vashi 2303.9

COMMODITY NAME LOCATION PRICE

Barley Jaipur 1265

Castor Seed Deesa 4014.75

Castor Seed 2 MT Deesa 4014.75

Chana Bikaner 4200

Chana Delhi 4400

Chana Indore 4260.3

Chana 2 MT Delhi 4400

Coriander Kota 11845

Cotton Kadi 16684.5

Cotton Seed (Industrial Grade) Akola 2258

Cotton Seed Oilcake Kadi 1930.9

Cotton Seed Oilcake Akola 1823.35

Crude Palm Oil Kandla 454.4

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