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Daily agri commodity report by epic research limited of 05 may 2017
1. DAILY AGRI COMMODITY REPORT
05 MAY 2017
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2. Market Views
2
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
TURMERIC
APR 5522 5588 5412 5456 -2.29 8140
INTRADAY
LEVELS
SUPPORT SUPP. 1
5382
SUPP. 2
5309
PIVOT
5485
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
5558
RES. 2
5661
CORIANDER
APR 5921 5921 5860 5860 -4.00 4220
INTRADAY
LEVELS
SUPPORT SUPP.1
5839
SUPP. 2
5819
PIVOT
5880
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
5900
RES. 2
5941
GUARGUM 5MT
APR 7830 7970 7825 7920 0.80 9275
INTRADAY
LEVELS
SUPPORT SUPP. 1
7840
SUPP. 2
7760
PIVOT
7905
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7985
RES. 2
8050
CASTORSEED
FEB - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTA
NCE
RES. 1
-
RES. 2
-
3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
Castorseed 4395 4458 -1.41
Chana - - -
Coriander 5860 6104 -3.99
Guargum5MT 7920 7857 -4.00
Jeera 18280 18260 0.11
Musterseed 3699 3681 0.49
Soybean 2873 2841 1.13
Turmeric 5456 5584 -2.29
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
19-05-2017 1924.00 26.00 1.37%
MAIZE -
FEED/INDUSTRIAL
GRADE
19-05-2017 1424.00 16.00 1.14%
GUAR SEED 10 MT 19-05-2017 3702.00 37.00 1.01%
REF SOYA OIL 19-05-2017 618.20 5.70 0.93%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 19-05-2017 5860.00 -244.00 -4.00%
TURMERIC 19-05-2017 5440.00 -144.00 -2.58%
BARLEY 19-05-2017 1482.00 -18.00 -1.20%
4. Commodities In News
4
ECONOMIC NEWS
➢ With an eye to frame an organic farming policy, Bengal agriculture
department, food processing industries, and horticulture department have
started organic farming activities in across the state. The increasing demand
for organic vegetables, especially among urban residents, has convinced
the state government to formulate the organic farming policy, senior
government executives said. The food processing industries and
horticulture department has asked the rural agricultural farms to begin
organic farming and assured them of technical assistance as well as help in
promotion and marketing. The department will supply greenhouses and
pack houses along with organic fertilizers. It will also provide cars to ferry
those farm products to the markets. The department is also taking up
organic farming at its own farms. The agriculture department, on the other
hand, has set a target to prepare 32 organic villages across Bengal —
especially in the districts of North and South 24 Parganas, Howrah and
Hooghly.
➢ The succulent Banganapalle mango has got a Geographical Indication
(GI) tag, making Andhra Pradesh the proprietor of the variety know for its
sweetness. The Registrar of Geographical Indications Registry, Chennai, O
P Gupta has accorded the registration following an application from
Horticulture Commissioner, Andhra Pradesh. The Andhra Pradesh
government is the registered proprietor of the GI tag for mangoes, often
hailed as "the king of fruits.“A GI tag indicates that the product comes
from a specific region. Banganapalle mangoes have been grown for over
100 years in the state. It also known as Beneshan, Baneshan, Benishan,
Chappatai and Safeda. "The prominent characteristic of Banganapalle
mangoes is that their skin has very light spots, stone is oblong in shape and
has very thin seed with sparse and soft fibre all over," it said. The primary
centre of origin of the fruit is Kurnool district comprising Banaganapalle,
Paanyam and Nandyal mandals, according to Andhra Pradesh government
which mentioned RayalaseemaBSE -1.46 % and coastal Andhra as
secondary centres of origin.
➢ Turmeric futures traded down on NCDEX as participants reduced
their exposure due to easing demand at the domestic spot markets.
Moreover, reports of higher stocks availability on increased supplies
from the producing regions too fuelled the downtrend. The contract for
May delivery was trading at Rs 5534.00, down by 0.90% or Rs 50.00
from its previous closing of Rs 5584.00. The open interest of the
contract stood at 13185 lots. The contract for June delivery was trading
at Rs 5634.00, down by 0.35% or Rs 20.00 from its previous closing of
Rs 5654.00.
➢ Soybean futures traded marginally higher on NCDEX as speculators
enlarged their positions, despite ample available stocks in the country.
Reports showed that arrivals of soybean during Apr 2017 is 2.82 lakh
tonnes, higher by 20% compared to last year same month. Moreover,
the stocks of soybean in NCDEX warehouse as on May 01, 2017 is
about 1.21 lakh tonnes against the 55, 133 tonnes last year. The
contract for May delivery was trading at Rs 2850.00, up by 0.32% or
Rs 9.00 from its previous closing of Rs 2841.00. The open interest of
the contract stood at 71510 lots. The contract for June delivery was
trading at Rs 2921.00, up by 0.31% or Rs 9.00 from its previous
closing of Rs 2912.00.
➢ Coriander futures edged lower on NCDEX due to subdued domestic
as well as export demand in the spot market. Besides, good production
expectations from the new season crop in 2016-17, also weighed on
coriander futures. The contract for May delivery was trading at Rs
5860.00, down by 4.00% or Rs 244.00 from its previous closing of Rs
6104.00. The open interest of the contract stood at 27680 lots. The
contract for June delivery was trading at Rs 5975.00, down by 3.99%
or Rs 248.00 from its previous closing of Rs 6223.00.
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Lovelesh
Sharma
Digitally signed by Lovelesh Sharma
DN: cn=Lovelesh Sharma c=IN
o=Personal
Reason: I am the author of this
document
Location:
Date: 2017-05-04 22:08+05:30