The daily agri commodity report provides market information for turmeric, coriander, guargum, and castorseed. Turmeric and coriander futures traded higher due to improved demand and restricted arrivals. Guargum futures also edged up on increased buying. The report also includes economic news affecting commodities, technical trading recommendations, and a disclaimer.

1. DAILY AGRI COMMODITY REPORT
07 JULY 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
JUL 6374 6626 6330 6610 3.74 5920
INTRADAY
LEVELS
SUPPORT SUPP. 1
6418
SUPP. 2
6226
PIVOT
6522
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6714
RES. 2
6818
CORIANDER
JUL 4762 4933 4720 4895 2.23 6130
INTRADAY
LEVELS
SUPPORT SUPP.1
4765
SUPP. 2
4636
PIVOT
4849
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
4978
RES. 2
5062
GUARGUM 5MT
JUL 6687 6863 6602 6784 1.10 5545
INTRADAY
LEVELS
SUPPORT SUPP. 1
6636
SUPP. 2
6488
PIVOT
6749
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6897
RES. 2
7010
CASTORSEED
- - - - - - -
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 4461 4334 2.93
Chana - - -
Coriander 4895 4788 2.23
Guargum5MT 6784 6710 1.10
Jeera 18500 18355 0.79
Musterseed 3626 3598 0.78
Soybean 2953 2939 0.48
Turmeric 6610 6372 3.74
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 20-07-2017 6608.00 234.00 3.67%
CORIANDER 20-07-2017 4907.00 127.00 2.66%
V 797 KAPAS 30-04-2018 871.50 11.00 1.28%
MAIZE -
FEED/INDUSTRIAL
GRADE
20-07-2017 1353.00 14.00 1.05%
COTTON SEED OIL
CAKE AKOLA
20-07-2017 1720.00 14.00 0.82%
JEERA 20-07-2017 18590.00 150.00 0.81%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
REF SOYA OIL 20-07-2017 644.75 -1.40 -0.22%

4. Commodities In News
4
ECONOMIC NEWS
➢ Rating agency ICRABSE 0.91 % feels that the impact of the current
political unrest In Darjeeling which has led to suspension of operations in
tea estates on revenue is estimated to be in the region of Rs 100 to Rs 150
crore right now. However, it feels a prolonged political unrest might result
in a significant impact. Darjeeling is currently witnessing a political unrest,
which has led to the suspension of operations at tea estates in the region, at
a time for production of the second flush tea. This particular variety of
Darjeeling teas have historically been of very high quality and are almost
entirely exported. While Darjeeling tea is a niche product catering to
specific markets, the reduced availability of second flush Darjeeling tea is
likely to lead to some substitution of such tea with tea from different
geographies. The impact of the loss of export volumes for Darjeeling tea on
the domestic supply-demand situation is expected to be limited as it has
limited domestic demand. Moreover, with an annual production of 9
million kg. Darjeeling accounts for only 0.8% of the domestic production.
➢ Indian farmers forced into giving up their land for industry face
dwindling earnings and fewer job options, increasing the likelihood of
more bloody conflicts as demand for scarce land rises, experts say.
Increased mechanisation is taking away some manual labour, while a lack
of training of farmers and farm workers for alternate jobs is leaving them
with few livelihood options. The Indian government's rural employment
programme and construction work to build ever-growing cities are
inadequate to bridge the income gap, analysts say. "These are people who
have known only this one job all their lives," said Bina Agarwal, a
professor of development economics in the University of
Manchester. "These resource-poor, little educated people have few options
outside agriculture except casual work, which would leave them poorer.
Moving to the cities to work does not reduce poverty -- it may even
increase it," she said. Employment in Indian agriculture shrank by 26
million jobs in the period 2011 to 2015, according to the McKinsey Global
Institute.
➢ Turmeric futures traded higher on NCDEX on improving demand
from upcountry buyers at the spot market. Further, slow pace of
turmeric sowing in largest turmeric sowing States, Telangana too
fuelled the uptrend. The contract for July delivery was trading at Rs
6470.00, up by 1.54% or Rs 98.00 from its previous closing of Rs
6372.00. The open interest of the contract stood at 7570 lots. The
contract for August delivery was trading at Rs 6540.00, up by 1.65% or
Rs 106.00 from its previous closing of Rs 6434.00. The open interest of
the contract stood at 8805 lots on NCDEX.
➢ Soybean futures traded marginally higher on NCDEX as speculators
enlarged their positions on expectation of good physical buying due to
good rally in edible oils. However, some gains were capped on long
liquidation at higher prices, and an anticipation that the acreage may
improve in coming weeks due to good rains in soybean cultivating
states. The contract for July delivery was trading at Rs 2945.00, up by
0.2% or Rs 6.00 from its previous closing of Rs 2939.00. The open
interest of the contract stood at 54070 lots. The contract for August
delivery was trading at Rs 3017.00, up by 0.33% or Rs 10.00 from its
previous closing of Rs 3007.00. The open interest of the contract stood
at 61580 lots on NCDEX.
➢ Coriander futures edged higher on NCDEX as participants enlarged
their holdings on the back of rising demand in the spot market. Further,
restricted arrivals from major growing regions also fuelled the uptrend.
The contract for July delivery was trading at Rs 4810.00, up by 0.46%
or Rs 22.00 from its previous closing of Rs 4788.00. The open interest
of the contract stood at 17300 lots. The contract for August delivery
was trading at Rs 4895.00, up by 0.43% or Rs 21.00 from its previous
closing of Rs 4874.00. The open interest of the contract stood at 33330
lots on NCDEX.

5. Technical Outlook
5
BUY CORIANDER APR ABOVE 4940 TARGET 4980 5030 5080
SL BELOW 4890
BUY TURMERIC MAY ABOVE 6630 TARGET 6660 6700 6750 SL
BELOW 6580
BUY GUARGUM5 MAY ABOVE 6870 TARGET 6900 6940 6990
SL BELOW 6820

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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: 2017-07-06 21:05+05:30