24-Sep-2018 Agri Commodity Update
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Agri Commodity Update Market Views MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
LOW
CORIANDER
Oct
SUPPORT INTRADAY LEVELS
5178
5080
SUPP.1 5,126
SUPP. 2 5,126
RES. 1 RESISTANCE 5,221
5138
PIVOT 5,173 RES. 2 5,268
-0.93
-
-
-
SUPPORT
SUPP. 1
SUPP. 2
-
-
1700
VOL
-
-
-
Coriander short term trend is bearish and may continue in coming days.
PIVOT
INTRADAY LEVELS
RESISTANC E
RES. 1
RES. 2
-
-
-
-
GUARGUM 5MT
TURMERIC
Oct
Oct 6514 SUPPORT INTRADAY LEVELS
% CHG
CASTORSEED
-
5155
CLOSE
6588
6440
SUPP. 1 6,487
SUPP. 2 6,415
RES. 1 66,608
RES. 2
6484
0.59
9288
315
SUPPORT INTRADAY LEVELS
PIVOT 6,536
Turmeric short term trend is bearish and may
RESISTANCE
9350
9239
SUPP. 1 9,295
SUPP. 2 9,215
RES. 1 9,440
RES. 2 9,505
9368
PIVOT 9,360
-0.85
4210
Guargum Short term trend is bearish and may continue in coming days.
Agri Commodity Update Most Active Contract NCDEX INDICES Index
TOP GAINERS
Symbol
Expiry Date
Current Price
Change
Change %
Barley
Value
1768
Pre. Close
% Change
1748 1.14
BARLEY
16-10-2018
1768.00
47.50
2.76% Castor Seed
4752
4736
TOP LOSERS 0.34
Symbol
Expiry Date
Current Price
Change
Change % Chana
JEERA
16-10-2018
19370.00
-730.00
-3.63%
3938
3979 -1.03
Agri Commodity Update Commodities In News As per Investment Information and Credit Rating Agency (ICRA) note, Â certain unfavorable developments in some major export destinations could physically hurt the export demand for Indian Basmati Rice.
After registering an impressive growth of 23 % and 14 % respectively during FY2018 and first four months of FY2019, Indian basmati Rice exports face an uncertain export outlook.
ECONOMIC NEWS
The fixing of pesticide residue parameters by the European Union (EU) has resulted in considerable decline in exports to this region by 58% in volume and 40% in value over Jan – July period.
India has impulsed China to drop a years-long restriction on Rapeseed meal imports from the South Asian nation at a gathering with government authorities and feed makers as it aims to boost sales of critical farm goods amid growing US-China trade tensions.
Domestic Basmati Rice exporters have recently faced payment issues from some Iranian importers. Also, the imposition of trade sanctions by the US on Iran, which will take full effect in November 2018, may hamper trade between India and Iran.
China was the biggest buyer of Indian Rapeseed meal until it banned the purchases in late 2011.
Another evolving concern is of Saudi Arabia following EU by tightening the pesticide residue parameters. However, there has not been any final official notification regarding the guidelines yet.
The meeting was held at India's embassy in Beijing, the aim was to lobby China to resume purchases of Rapeseed meal, a key ingredient in animal feed, and to drum up interest in the country's other major agricultural products. It was a meeting of buyers and sellers, with a session introducing India's exporters followed by one-on-one meetings between importers and exporters.
Agri Commodity Update Technical Outlook
BUY CORIANDER OCT ABOVE 5178 TARGET 5200/5230/5260 SL 5110
BUY GUARGUM5 OCT ABOVE 9350 TARGET 9400/9450/9500 SL 9300
BUY TURMERIC OCT ABOVE 6590 TARGET 6620/6650/6680 SL 6560
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