27-AUG-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
4890
5020
4755
SUPPORT
SUPP.1
SUPP. 2
4693
4591
RESISTANCE
RES. 1
RES. 2
4958.3
5121
4795
4856.6
-1.94
27910
Coriander short term trend is bearish and may continue in coming days.
-
-
-
-
SUPPORT
SUPP. 1
SUPP. 2
-
-
7024
7098
6802
SUPPORT
SUPP. 1
SUPP. 2
6751
6628
RESISTANCE
RES. 1
RES. 2
7047
7220
-
-
-
PIVOT
LEVELS
RESISTANC E
RES. 1
RES. 2
-
-
-
-
GUARGUM 5MT
6874
PIVOT
INTRADAY LEVELS
VOL
INTRADAY
TURMERIC
SEP
% CHG
CASTORSEED
PIVOT
INTRADAY LEVELS
CLOSE
6924
--2.13
19735
Turmeric short term trend is bearish and may continue in coming days.
OCT
9850
9988
9159
SUPPORT
SUPP. 1
SUPP. 2
8923
8626
9220
PIVOT
INTRADAY LEVELS
RESISTANCE
RES. 1
RES. 2
9752
10284
9455
-6.39
147735
Guargum Short term trend is bearish and may continue in coming days.
WEEKLY AGRI COMMODITY REPORT Weekly Recommendations
BUY GUARGUM5 ABOVE 9400 TARGET 9550 9700 SL BELOW 9300 SELL GUARGUM5 BELOW 9000 TARGET 8900 8700 SL ABOVE 9100
BUY CORIANDER ABOVE 4930 TARGET 5000 5150 SL BELOW 4840 SELL CORIANDER BELOW 4700 TARGET 4630 4500 SL ABOVE 4770
WEEKLY AGRI COMMODITY REPORT Commodities In News India's edible-oil traders’ body, Solvent Extractors Association (SEA) has urged New Delhi to restrain imports of refined edible oils under SAFTA by tank lorries and in packed form from its immediate neighbourhood as increasing zero-duty imports hurt local millers and oilseed farmers. Every day about 800-1000 tonnes of RBD palmolein and refined soyabean oils are coming from Bangladesh in tank lorry and packed form through land boarder of West Bengal and Assam. The following land ports being used to push the refined edible oil in India under SAFTA at Nil duty, the trade body said. Rapid heavy rain and floods in Coffee growing areas in Kerala have worsened the shortage of robusta beans, hitting hard exporters and local producers.The production of robusta, which accounts for majority of Coffee exports from the country and is the chief ingredient for instant Coffee, was last year 10-20% short of the Coffee Board’s projection of 2.21 lakh tonnes. The inclement weather is expected to pull down the crop for the next harvest slated to take place by December. The arabica crop hasn’t been affected much. Heavy rains have caused widespread damage to Coffee in parts of Wayanad in Kerala.
The International Grains Council (IGC) has raised its forecast for total grains production in 2018-19 to 2,063 million tonnes, up from 2,059 million tonnes in July but down from 2,092 million tonnes forecast for 2017-18. Total grains consumption is forecast at 2,129 million tonnes, up from 2,128 million tonnes in July and compared with 2,107 million tonnes in 2017-18. The forecast for total grains carryover stocks was raised to 538 million tonnes from 532 million tonnes a month ago and down from 604 million tonnes in 2017-18.
ECONOMIC NEWS A tea variety from Arunachal Pradesh has fetched a world record price of Rs 40,000 per kg at Guwahati Tea Auction Centre here breaking the record of an Assam tea variety auctioned last month. A 1.1 kg lot of Golden Needles tea variety of Donyi Polo tea estate in Arunachal Pradesh sold at Rs 40,000 per kg yesterday, said a statement by Dinesh Bihani, Secretary of Guwahati Tea Auction Buyers Association. The tea variety was sold to Assam Tea Traders, which is one of the oldest tea shop in Guwahati. In July, an Assam tea variety was sold at Rs 39,001 per kg at an auction here. "These types of specialty teas are attracting more and more buyers and producers to come together and use the GTAC platform. We hope that these specialty teas will make us achieve our past glory in the world map," Bihani said in the statement. Assam Tea Traders Lalit Kumar Jalan was quoted as saying in the statement, "There is a rising demand for good tea and we are selling specialty tea regularly.
Although 94 per cent kharif sowing has been completed in Maharashtra so far, crop loan for the season has been disbursed to only about 50 per cent farmers till now, an official said today. According to the official, this delay in loan disbursement was due to several factors, including that previous unpaid debts have rendered a number of farmers ineligible to get fresh loan. Earlier this week, the state government announced that of the total 140.69 lakh hectares of agricultural land, kharif sowing has been completed on 132.85 lakh hectares, which comes to around 94 per cent. The government disburses crop loan every year around May so that farmers can use the funds during the kharif season. "But despite the proposed outlay of Rs 43,000 crore, actual loan disbursed so far is around Rs 23,000 crore. It means around 50 per cent of loan disbursement for kharif season is yet to be done," a senior official from the state Cooperation Department said.
WEEKLY AGRI COMMODITY REPORT NEWS RECAP COMMODITY HEADLINES
Arunachal tea variety fetches Rs 40,000 per kg
'Maha kharif sowing 94% complete, but only 50% loan disbursed'
Flood damage may slash India's coffee output by 20 per cent : Trade body
Government extends sugar export deadline by 3 months till December
Farmers still unaware of details of PMFBY: Survey
APEDA to seek skilled workers to aid farmers use pesticides
Steps being taken to stop cotton contamination: CCI
Heavy rainfalls boost water levels at country’s major reservoirs
Farmers have turned "Lakhpatis", but more than half still in debt: Nabard Survey
Monsoon revival brings mix of misery & cheer for farmers
Government bans 12 pesticides with immediate effect, activists say not enough
WEEKLY AGRI COMMODITY REPORT Spot quotes Commodity Name
Location
Price
Commodity Name
Location
Barley
Jaipur
1650
Ref Soya Oil
Nagpur
Chana
Bikaner
4091
Ref Soya Oil
Mumbai
Chana
Delhi
-
Soy Bean
Indore
Chana
Indore
-
Soy Bean
Nagpur
Coriander
Kota
5141
Soy Bean
Kota
Cotton
Kadi
22827
Soymeal
Indore
Guar Gum 5MT
Jodhpur
9016 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
4250 4170
19695 4310 4282 735.3
Price
749 735.3
3373 3509 3275 27500 3125 3289.6 3228 3195 3380 7055
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