WHAT SHOULD BE THE STRATEGY IN THE AGRI COMMODITY MARKET TODAY REPORT 19 DEC 2016.

AGRI   COMMODITY MARKET OUTLOOK

Ref soyoil dropped on profit booking after prices gained tracking higher international prices and steep increase in Cereals tariff prices by the government.

Mentha oil settled up amid increasing demand in the domestic spot market.

Soyabean prices ended with losses tracking weakness in spot demand amid increase in supplies in December and January.

Chana prices dropped on profit booking amid government initiatives to check rising prices and availability of pulses.

Turmeric dropped amid expectation of good crop next season and as damage to the turmeric crop in recent rains is Currency not significant.

Jeera prices dropped on profit booking after prices gained amid dwindled supplies and good demand for exports.

NCDEX MARKET TIPS

NCDEX Market update:-

JEERA

PP- 17440

R1- 17650                                              S1-17200

R2- 18850                                              S2-17000

TURMERIC

PP- 6994

R1- 7030                                                S1-6940

R2- 7090                                                S2-6880

CORIANDER

PP- 7676

R1- 7780                                                 S1-7570

R2- 7890                                                 S2-7480

SOYBEAN

PP- 3047

R1- 3080                                                S1-3020

R2- 3120                                                S2-2980

MUSTERED OIL

PP- 4455

R1- 4490                                                S1-4420

R2- 4530                                                S2-4370

GAUR SEED

PP- 3263

R1- 3320                                                 S1-3230

R2- 3370                                                 S2-3200