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1. 09-November-2017
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
NOV 7012 7098 6864 7030 0.63 2150
INTRADAY
LEVELS
SUPPORT SUPP.1
6986
SUPP. 2
6763
PIVOT
6997
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7130
RES. 2
7231
CORIANDER
NOV 5005 5029 4980 4992 -0.22 3150
INTRADAY
LEVELS
SUPPORT SUPP.1
4971
SUPP. 2
4951
PIVOT
5000
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
5020
RES. 2
5049
GUARGUM 5MT
NOV 7972 8069 7972 7983 0.06 3745
INTRADAY
LEVELS
SUPPORT SUPP.1
7947
SUPP. 2
7911
PIVOT
8008
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8044
RES. 2
8105
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP.1
-
SUPP.2
-
PIVOT
-
-
RESISTANC
E
RES. 1
-
RES. 2
-
Market Views
MONTH OPEN HIGH LOW CLOSE % CHG VOL
Agri Commodity Update

3. NCDEX INDICES
Index Value Pre. Close
%
Change
Castorseed 4357 4374 -0.39
Chana - - -
Coriander 4992 5003 -0.22
Guargum5MT 7983 7978 0.06
Jeera 18605 18630 -0.13
Musterseed 3977 3930 1.20
Soybean 2842 2810 1.14
Turmeric 7030 6986 0.63
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
SOY BEAN 20-11-2017 2842.00 42.00 1.50%
RAPESEED-MUSTARD
SEED
20-11-2017 3977.00 45.00 1.14%
TURMERIC 20-11-2017 7030.00 50.00 0.72%
V 797 KAPAS 30-04-2018 888.50 5.50 0.62%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
20-12-2017 1501.00 -6.00 -0.40%
JEERA 20-11-2017 18605.00 -45.00 -0.24%
CORIANDER 20-11-2017 4992.00 -10.00 -0.20%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 The Cabinet Committee on Economic Affairs (CCEA), in a recent
announcement, has increased the basic price of ethanol by 5% amounting to
Rs 1.88/litre for the procurement season 2017-18. According to an ICRA note,
this increase in ethanol price by the Central Government for the procurement
season 2017-18 (starting December 2017) to Rs. 40.85/litre for the oil
marketing companies (OMCs) is likely to result in an increase in the total
contribution margin by around Rs. 200/MT of sugar produced for fully
integrated sugar mills. Sabyasachi Majumdar, Senior VP, ICRA, said, “During
the crushing season 2017-18, mills are expected to produce around 25 million
tonnes of sugar, an increase by 20%-23% compared to 2016-17. Consequently
with a higher quantity of molasses available this year, the mills might achieve
a 1.10-million KL of ethanol supply, with Uttar Pradesh's mills contributing
nearly half of the output.
 As Modi government gears up to celebrate the first anniversary of
demonetisation, the apple growers of Himachal Pradesh are feeling the pinch
of the move a year later. For the apple belt, which supplies scrumptious green
and red apples to the rest of India, the yield was quite low this year and the
growers were hopeful of good returns. For the apple belt, which supplies
scrumptious green and red apples to the rest of India, the yield was quite low
this year and the growers were hopeful of good returns. As per statistics of
Himalayan Apple Growers Society, which comprises 3,000 growers of Shimla
apple belt, the usual yield is about 3 crore apple boxes. It had dropped to 2.3
crore in 2016 and further lowered to 1.7 crore boxes this year. The ripple
effect of demonetisation was felt in the current apple season. However, there
was a severe cash crunch in the apple market as the fluidity had reduced due
to demonetisation. In the middle of the apple harvesting season, the industry
was hit by the introduction of the goods and services tax.
 Coriander futures edged lower on NCDEX as participants cut down their
bets, tracking weak demand in the spot market. Besides, rising arrivals from
major growing regions also fuelled the downtrend. The contract for
November delivery was trading at Rs 4990.00, down by 0.48% or Rs 24.00
from its previous closing of Rs 5014.00. The open interest of the contract
stood at 10360 lots. The contract for December delivery was trading at Rs
5082.00, down by 0.63% or Rs 32.00 from its previous closing of Rs
5114.00. The open interest of the contract stood at 33840 lots on NCDEX.
 Jeera futures edged lower on NCDEX as speculators offloaded their
positions amid lower domestic and exports demand in the spot market.
Besides, good supplies from major producing belts also weighed on jeera
futures. The contract for November delivery was trading at Rs 18655.00,
down by 0.29% or Rs 55.00 from its previous closing of Rs 18710.00. The
open interest of the contract stood at 3261 lots. The contract for
December delivery was trading at Rs 18965.00, down by 0.37% or Rs
70.00 from its previous closing of Rs 19035.00. The open interest of the
contract stood at 10440 lots on NCDEX.
 Soybean futures traded higher on NCDEX as speculators enlarged
positions on anticipation of good demand for the domestic oilseeds as
government is going to hike import duty on edible oil and oilseeds. There
are reports that government is expected to reimburse farmers of Madhya
Pradesh if soybean is sold below MSP. However, new season arrivals and
higher stocks from last year capped some gains. The contract for
November delivery was trading at Rs 2819.00, up by 1.22% or Rs 34.00
from its previous closing of Rs 2785.00. The open interest of the contract
stood at 40490 lots.
Commodities In News
Agri Commodity Update

5. BUY CORIANDER OCT ABOVE 5030 TARGET 5060 5100 5150 SL BELOW 4980 BUY TURMERIC OCT ABOVE 7100 TARGET 7130 7170 7220 SL ABOVE 7050
SELL GUARGUM5 OCT BELOW 7950 TARGET 7920 7880 7830 SL 8000
Technical Outlook
Agri Commodity Update

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