03-Sep-2018 WEEKLY AGRI COMMODITY REPORT
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WEEKLY AGRI COMMODITY REPORT Weekly Wrap Up MONTH
OPEN
HIGH
LOW
CLOSE
% CHG
VOL
MONTH
OPEN
HIGH
LOW
CORIANDER
SEP
4799
4824
4507
SUPPORT
SUPP.1
SUPP. 2
4519
4354
RESISTANCE
RES. 1
RES. 2
4836
4988
4684
4671
-2.39
46980
Coriander short term trend is bearish and may continue in coming days.
-
-
-
-
SUPPORT
SUPP. 1
SUPP. 2
-
-
6862
6942
6702
SUPPORT
SUPP. 1
SUPP. 2
6690
6576
RESISTANCE
RES. 1
RES. 2
6930
7056
-
-
-
PIVOT
LEVELS
RESISTANC E
RES. 1
RES. 2
-
-
-
-
GUARGUM 5MT
6804
PIVOT
INTRADAY LEVELS
VOL
INTRADAY
TURMERIC
SEP
% CHG
CASTORSEED
PIVOT
INTRADAY LEVELS
CLOSE
6816
-0.84
18725
Turmeric short term trend is bearish and may continue in coming days.
OCT
9292
9546
8780
SUPPORT
SUPP. 1
SUPP. 2
9010
8512
9509
PIVOT
INTRADAY LEVELS
RESISTANCE
RES. 1
RES. 2
9278
10044
9278
2.33
154360
Guargum Short term trend is bearish and may continue in coming days.
WEEKLY AGRI COMMODITY REPORT Weekly Recommendations
BUY GUARGUM5 ABOVE 9550 TARGET 9650 9850 SL BELOW 9450 SELL GUARGUM5 BELOW 9300 TARGET 9200 9000 SL ABOVE 9400
BUY CORIANDER ABOVE 4700 TARGET 4770 4870 SL BELOW 4630 SELL CORIANDER BELOW 4600 TARGET 4530 4400 SL ABOVE 4680
WEEKLY AGRI COMMODITY REPORT Commodities In News The Centre will procure up to 23,250 tonne of green gram from Karnataka at minimum support price under the Price Support Scheme (PSS) to protect farmers from falling prices, a senior Agriculture Ministry official said. Pulses growers in the state are in distress as green gram prices have fallen below the minimum support price (MSP) of Rs 6,975 per quintal fixed for the 2018-19 crop year (July-June). Central nodal agencies FCI, Nafed, NCCF and SFAC will undertake the procurement along with state-level agencies for a period of 90 days from the day of approval, the official said. The import restriction on all varieties of peas would continue till September 30, the Directorate General of Foreign Trade (DGFT) said on Thursday, a day after the withdrawal of restriction on import of peas. The one-day-old notification of the DGFT was reversed following an order of the Madras High Court, which upheld the DGFT notification dated April 25 imposing a restriction on peas import till September 30, 2018. The DGFT's April notification was challenged by some traders in Madras High Court claiming the notification was invalid. India's Rice export prices plunched as the decline in rupee failed to stoke fresh demand for the Indian variety this week. In top exporter India, rates for 5 per cent broken parboiled rice fell by $3 to $386-$390 per tonne this week. TheIndian rupee has fallen over 10 per cent in 2018, hitting a record low on Thursday, increasing exporter’s margin from overseas sales. "Right now, demand is weak. Even after the recent price fall, African buyers are not active in the market," trade sources said. India's Rice exports in AprilJuly edged up 1 per cent from a year ago to 4.15 million tonnes on upbeat demand from Senegal, Benin and Iran, a government body said.
ECONOMIC NEWS Production of onion, potato and tomato has fallen marginally in the 2017-18 crop year ended June 30, agriculture ministry said today. As per the ministry's third advance estimate, onion output is likely to be around 22 million tonnes (MT) during the reported period, lower than 22.4 MT in 2016-17. Similarly, potato production is estimated to remain flat at 48.5 MT as against 48.6 MT in 2016-17, while tomato output is projected at 19.4 MT as against 20.7 MT earlier. However, the overall production of vegetables is estimated to be higher by one per cent to 179.7 MT over the previous year, the data showed. In case of fruits, the output is projected at 97 MT, higher by 4.5 per cent from the previous year. The third advance estimate for horticulture crops have been prepared on the basis of information received from state departments and agencies like Directorate of Areca nut and Spices Development (DASD), Directorate of Cashew & Cocoa Development (DCCD) and National Bee Board (NBB).
The Maharashtra government's revised farm loan waiver norms, which will increase the number of beneficiaries, will cost the state an additional Rs 500 crore, an official said today. The state government has already spent Rs 15,882 crore for the implementation of its 'Chhatrapati Shivaji Maharaj Shetkari Sanman Yojana', designed for crop loan waiver, which was announced in June last year. The government had then pegged the total loan waiver amount at around Rs 34,000 crore. Around 58 lakh farmers are currently covered under the scheme, the state government said during the Maharashtra Assembly's monsoon session held last month. The state government expanded the scope of the loan waiver scheme last month by extending its benefits to every member of the farmer's family in case of them having separate loan accounts. "We want to address this unrest among farmers, so norms for loan waiver implementation have been changed. But going by our assessment, the additional burden would not be more than Rs 500 crore," the official said.
WEEKLY AGRI COMMODITY REPORT NEWS RECAP COMMODITY HEADLINES
Punjab plans to cut pesticides use in basmati rice
Onion, potato & tomato output drops slightly in 2017-18
Revised farm loan waiver norms in Maharashtra to cost Rs 500 crore more
Maharashtra to sign MoU with IISc to make drones for crop assessment
Production estimate for major crops raised to record 285 million tonnes
India's foodgrain output to touch new record of 284.83 million tonnes in 2017-18
West Bengal to meet fish production target: Chandra Nath Sinha, Minister for fisheries
Maharashtra traders boycott farm auctions
Kharif planting gathers steam in last leg due to fresh spell of rains
Arunachal tea variety fetches Rs 40,000 per kg
'Maha kharif sowing 94% complete, but only 50% loan disbursed'
WEEKLY AGRI COMMODITY REPORT Spot quotes Commodity Name
Location
Price
Commodity Name
Location
Barley
Jaipur
1643
Ref Soya Oil
Nagpur
Chana
Bikaner
3910
Ref Soya Oil
Mumbai
Chana
Delhi
-
Soy Bean
Indore
Chana
Indore
-
Soy Bean
Nagpur
Coriander
Kota
5037
Soy Bean
Kota
Cotton
Kadi
22708
Soymeal
Indore
Guar Gum 5MT
Jodhpur
9297 Sugar M Grade
Kolhapur
Sugar M Grade
Kanpur
Sugar M Grade
Muzaffar Nagar
Sugar M Grade
Delhi
Sugar M Grade
Kolkatta
Turmeric
Nizamabad
GUAR SEED 2 MT
Jodhpur
Guarseed
Bikaner
Jeera
Unjha
Mustard seed
Jaipur
Mustard seed
Alwar
Ref Soya Oil
Indore
4345 4277
19543 4190 4231 735
Price
748 746
3349 3459 3275 27200 3125 3297 3229 3205 3400 7048
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