Daily agri report 06 july 2018

06-Jul-2018 Agri Commodity Update

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Agri Commodity Update Market Views MONTH

OPEN

HIGH

LOW

CLOSE

% CHG

VOL

MONTH

OPEN

HIGH

LOW

4785

4827

4750

SUPPORT

SUPP.1

SUPP. 2

4745

4709

4781

PIVOT

INTRADAY LEVELS

4786 RESISTANCE

RES. 1

RES. 2

4822

4863

-0.31

3910

Coriander short term trend is bearish and may continue in coming days.

-

-

-

-

SUPPORT

SUPP. 1

SUPP. 2

-

-

7126

7224

7102

SUPPORT

SUPP. 1

SUPP. 2

7116

7048

RESISTANCE

RES. 1

RES. 2

7238

7292

-

-

-

PIVOT

LEVELS

RESISTANC E

RES. 1

RES. 2

-

-

-

-

GUARGUM 5MT

7184

PIVOT

INTRADAY LEVELS

VOL

INTRADAY

TURMERIC

JUN

% CHG

CASTORSEED

CORIANDER

JUN

CLOSE

7170

-0.36

1855

Turmeric short term trend is bearish and may continue in coming days.

JUN

8158

8504

8158

SUPPORT

SUPP. 1

SUPP. 2

8055

7934

8177

PIVOT

INTRADAY LEVELS

8280 RESISTANCE

RES. 1

RES. 2

8401

8626

4.00

14755

Guargum Short term trend is bearish and may continue in coming days.

Agri Commodity Update Most Active Contract TOP GAINERS Symbol

Expiry Date

Current Price

Change

NCDEX INDICES

Change %

GUAR GUM 5 MT

20-07-2018

8504

327

4.00%

Index

GUAR SEED 10 MT

20-07-2018

4015.5

129.5

3.33%

Castorseed

4326

4285

0.96

COTTON SEED OIL CAKE AKOLA

20-07-2018

1583.5

39.5

2.56%

Chana

3702

3620

2.27

CHANA

20-07-2018

3706

86

2.38%

Coriander

4766

4781

-0.31

JEERA

20-07-2018

18900

290

1.56%

Guargum5MT

8880

8785

1.08

CASTOR SEED

20-07-2018

4328

43

1.00%

Jeera

18850

18610

1.29

Musterseed

4073

4015

1.44

Value

Pre. Close

% Change

TOP LOSERS Symbol

Expiry Date

Current Price

Change

Change %

BARLEY

20-07-2018

1470

-8.5

-0.57%

Soybean

3543

3528

0.43

MAIZE FEED/INDUSTRIAL GRADE

20-07-2018

1166

-5

-0.43%

Turmeric

7158

7184

-0.36

Agri Commodity Update Commodities In News  Cardamom settled up by 0.77% at 1026 tracking firmness in spot demand despite of reports of bumper output on the back of favourable weather amid poor stocks of quality goods.There has been raining in the producing centres of Kerala and present weather is conducive to the coming crop. Spice Board cut the number auctions due to falling arrivals at the auction centres.Producing centres of Kerala are getting good rains and monsoon is also expected to hit Kerala coast three days before schedule.

India exported 4,180 ton cardamom valued at Rs 4.56 billion during AprilDecember 2017, data from Spices Board showed.Cardamom will be auctioned once every day at e-auction centres in different part of country . Turmeric on NCDEX settled up by 1.64% at 7210 amid good physical demand from spot markets. Prices also seen supported after government approves MSP for kharif crops 2018-19. Besides, diminishing arrivals from growing regions amid minimal stock have also supported the prices.At Erode market, estimated market supply was at 4000 bags, up by 2000 bags from previous day’s arrivals. At Warangal market, total arrivals are at 2000 bags, down by 500 bags from previous trading day. Mustard Seed on NCDEX settled down by 0.42% at 4058 on profit booking after prices gained on anticipation of improved meal and crushing demand. Mustard oil mills across the country crushed 650,000 tn of the oilseed in June, down 27% from previous month as per data release by Mustard Oil Producers Association of India.According to SEA latest export report, mustard meal exports during first 5 months of 2018 is higher by 164% on year due to higher demand from South Korea. Exports are 209% higher at 6.64 lt for the FY 2017/18 compared to previous year’s export volume of 2.14 lt.Mustard procurement in Madhya Pradesh has come to an end with the state government having bought a total of 119,291 tn of the oilseed at minimum support price under the Krishak Samruddhi Yojana.

ECONOMIC NEWS Jeera market is under fresh buying as market has witnessed gain in open interest by 6.11% to settled at 3645 while prices up 250 rupees.Now NCDEX Jeera is getting support at 18480 and below same could see a test of 18230 level, And resistance is now likely to be seen at 18910, a move above could see prices testing 19090.Jeera on NCDEX settled up by 1.35% at 18725 amid good export demand amid limited supplies. Further, expectation of strong overseas demand on supply uncertainties in other producing nations owing to geo-political turmoil in Syria.Global demand for Indian jeera has firmed up as Syria and Turkey crop will arrive only around July. Mandi sources maintained that export enquiries have been good as India is the only jeera supplier to the world market currently.Jeera output is expected to be bumper and supplies are likely to increase in the coming days. The Federation of Indian Spices Stakeholders (FISS) - projected India's 2017-18 jeera output at 6.92 million bags up 19% on year on the back of higher acreage and favourable weather. Technically

and oilseeds are likely to take over a significant part of pulses’ acreage this kharif season due to a sharp increase in their minimum support price (MSP) for the current season coupled with better price realisation last year. As against the MSP of Rs 5,400 a quintal for 2017-18 kharif season, average urad price stood at Rs 4,720 a quintal for May 2017, which steadily declined further to stabilise at Rs 3018.5 a quintal towards the beginning of the current sowing season in May 2018. Similarly, arhar and moong also traded substantially below the MSP throughout 2017-18 season.By contrast, however, soybean and cotton prices traded substantially higher than their respective MSPs, barring a couple of occasions when they slipped marginally below the government’s threshold price. Encouraged by the government’s timely interventions, spot prices of cotton and soybean along with other oilseeds moved higher. “Sowing area and production of pulses are set to contract this kharif season due to lower realisation yielded by farmers last year. Cotton

Agri Commodity Update Technical Outlook

SELL CORIANDER JUL BELOW 4750 TARGET 4730/4710/4690 SL 4780

BUY GUARGUM5 JUL ABOVE 8540 TARGET 8580/8620/8660 SL 8490

SELL TURMERIC JUL BELOW 7100 TARGET 7070/7040/7010 SL 7140

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