08-Aug-2018 Agri Commodity Update
For More Information Please visit www.epicresearch.co or contact info@epicresearch.co Please refer to disclaimer at the end of the report.
Agri Commodity Update Market Views MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
LOW
CORIANDER
AUG
4944
5000
4900
SUPPORT
SUPP.1
SUPP. 2
4904
4852
4957
4952 RESISTANCE
RES. 1
RES. 2
5004
5052
0.02
5450
Coriander short term trend is bearish and may continue in coming days.
-
-
-
-
SUPPORT
SUPP. 1
SUPP. 2
-
-
7210
7310
7162
SUPPORT
SUPP. 1
SUPP. 2
7155
7084
7226
7232 RESISTANCE
RES. 1
RES. 2
7303
7380
-
-
-
PIVOT
LEVELS
RESISTANC E
RES. 1
RES. 2
-
-
-
-
GUARGUM 5MT
PIVOT
INTRADAY LEVELS
VOL
INTRADAY
TURMERIC
AUG
% CHG
CASTORSEED
PIVOT
INTRADAY LEVELS
CLOSE
0.17
8260
Turmeric short term trend is bearish and may continue in coming days.
AUG
9315
9565
9291
SUPPORT
SUPP. 1
SUPP. 2
9227
9122
9332
PIVOT
INTRADAY LEVELS
9396 RESISTANCE
RES. 1
RES. 2
9501
9670
1.80
27560
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 SEED 10 MT
16-10-2018
4352.00
82.00
1.92%
Index
GUAR GUM 5 MT
16-10-2018
9489.00
157.00
1.68%
Castorseed
4647
4599
1.04
COTTON SEED OIL CAKE AKOLA
20-08-2018
1742.00
28.00
1.63%
Chana
4160
4098
1.51
CHANA
20-08-2018
4163.00
65.00
1.59%
Coriander
4958
4957
0.02
CASTOR SEED
20-08-2018
4644.00
45.00
0.98%
Guargum5MT
8880
8785
1.08
SOY BEAN
16-10-2018
3393.00
17.00
0.50%
Jeera
19630
19860
-1.16
WHEAT
20-08-2018
1978.00
9.00
0.46%
Musterseed
4102
4086
0.39
Soybean
3393
3376
0.50
Turmeric
7238
7226
0.17
Value
Pre. Close
% Change
TOP LOSERS
Symbol JEERA
Expiry Date 20-08-2018
Current Price 19630.00
Change -230.00
Change % -1.16%
Agri Commodity Update Commodities In News The Uttar Pradesh Sugar Mills Association (UPSMA) has wrote a letter to the state government, reiterating an earlier plea for a financial rescue package. The Association has reiterated its request for Rs 40 a quintal incentive on cane crushed by private sector mills during the recently concluded 2017-18 crushing season. The millers say their paying capacity was impaired due to less return from the sale of ugar and byproducts, against a comparatively higher cost of production. As a result, banks are not giving them loans, given the huge payment liabilities and unsold stock. So, they are unable to do the necessary repair works in preparation for the next season. The hike in the minimum support price (MSP) of Cotton for the kharif 2018 season was 2.5 times that of Soybean but farmers in key states appear to have migrated to the oilseed, finding it potentially more remunerative. On an all-India basis, the area under Cotton was 4% lower at 109.8 lakh hectares as on August 3 compared with what it was at the same time last year; Soybean acreage, on the other hand, was about 11% higher than last year at 109.5 lakh hectares. In Madhya Pradesh prices of processed Dal are expected to come down in coming weeks owning to exemption of mandi tax on raw Pulses purchased from outstation for processing. Madhya Pradesh government has exempted Pulses from 2.2% mandi tax. Leading to drop in price of processed Dal by about Rs 1.5 per kg to Rs 2 per kg since the local mandi tax has been removed. The exemption is valid on all pulses- Tur, Urad, Moong, matar- except Chana. Processing units were running into losses due to such a high mandi tax. But the exemption will support the processing units and reduce the cost of operation. The exemption will save Dal mills that were going to shut down because of high rate of purchase and lack of price parity.
ECONOMIC NEWS
Production of pulses, groundnut, cotton, coarse cereals and paddy can see a fall in yield across Gujarat, Bihar, Jharkhand, Maharashtra and Karnataka if rains don’t cover these region in the next few days, feel farmers, government officials and analysts. In Bihar, state government officials say paddy and maize production will see a reduction due to late rains. In Madhya Pradesh, farmers are worried about soyabean crop which is in the flowering stage. In Gujarat, cotton and groundnut farms have either got deficit rain or received a break in rainfall for a long period, say farmers. Parts of Karnataka, which is an important belt for pulses, oilseed and coarse cereals, is reeling under rain deficit which traders and analyst feel was worrisome. The total rain deficit for the monsoon season has widened to 10%. Agriculture ministry officials say rainfall distribution was never uniform and the dry spell in some region will not make any major impact on overall sowing or production. They say planting will be at its peak till August 20.
Over 1.11 crore farmers spread over 16 states and union territories have registered on e-NAM platform, which promotes better marketing opportunities for farmers to sell their produce online, Union Agriculture Minister Radha Mohan Singh said today. Singh said in the Lok Sabha that farmers wishing to join e-NAM platform need to register themselves on e-NAM portal and can sell their produce on e-NAM platform in any e-NAM mandi of their choice. "eNAM platform promotes better marketing opportunities for farmers to sell their produce through online, competitive and transparent price discovery system and online payment facility. "It also promotes prices commensurate with quality of produce. All these contribute towards better marketing efficiency and also better prices to farmers," he said during Question Hour. The minister said a total of 585 'mandis' have been integrated till March 31, 2018 on e-NAM platform.
Agri Commodity Update Technical Outlook
SELL CORIANDER AUG BELOW 4900 TARGET 4880/4860/4840 SL 4930
BUY GUARGUM5 OCT ABOVE 9600 TARGET 9640/9680/9720 SL 9550
BUY TURMERIC AUG ABOVE 7260 TARGET 7290/7320/7350 SL 7220
Daily Agri Update For India: Info@epicresearch.co Address: 411 Milinda Manor (Suites 409-425) 2 RNT Marg. Opp Central Mall Indore (M.P.) +91 -731- 6642300 For United States- HNI& NRI Sales Contact: 2117 Arbor Vista Dr. Charlotte (NC)-Cell: +1 704 249 23 For Australia- HNI & NRI Sales Contact: Mintara Road, Tarneit, Victoria, Post Code 3029 Cell: +61 422 063855 Singapore- www.epicresearch.sg Contact +65-3158-1402 Malaysia- www.epicresearch.my Contact +60-3502-19047
Epic Research is one of India’s largest Financial Advisory house. Epic Research is amongst leading and most valuable financial advisory provider companies in the private sector. DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views ex-pressed as a recommendation for which either the site or its owners or anyone can be held responsible. Any surfing and reading of the information is the acceptance of this disclaimer. Investment in equity, futures, Forex and commodity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.