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1. 13-September-2017
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
SEP 7542 7728 7542 7696 1.26 640
INTRADAY
LEVELS
SUPPORT SUPP.1
7582
SUPP. 2
7469
PIVOT
7655
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7768
RES. 2
7841
CORIANDER
SEP 4413 4558 4413 4475 1.11 3210
INTRADAY
LEVELS
SUPPORT SUPP.1
4406
SUPP. 2
4337
PIVOT
4482
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4515
RES. 2
4627
GUARGUM 5MT
OCT 8250 8295 8171 8230 -0.70 12895
INTRADAY
LEVELS
SUPPORT SUPP.1
8169
SUPP. 2
8108
PIVOT
8232
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8293
RES. 2
8356
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 4676 4637 0.84
Chana - - -
Coriander 4475 4426 1.11
Guargum5MT 8230 8288 -0.7
Jeera 19665 19870 -1.03
Musterseed 3725 3724 0.03
Soybean 3118 3111 0.23
Turmeric 7696 7600 1.26
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 20-09-2017 4532.00 127.00 2.88%
WHEAT 20-09-2017 1610.00 11.00 0.69%
COTTON SEED OIL CAKE
AKOLA
20-09-2017 1528.00 10.00 0.66%
MAIZE -
FEED/INDUSTRIAL GRADE
20-09-2017 1210.00 5.00 0.41%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
V 797 KAPAS 30-04-2018 868.50 -4.50 -0.52%
JEERA 20-09-2017 19725.00 -100.00 -0.50%
RAPESEED-MUSTARD
SEED
20-09-2017 3727.00 -3.00 -0.08%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 Growth in food grain productionis expected to be much lower this year in
the country as less progress has been made in the sowing of summer (kharif)
crops than last year, says a Nomura report. According to the Japanese
financial services major, the land area sown has fallen across all other crops:
rice, pulses, coarse cereals, oilseeds and jute. "Overall, with less than three
weeks left in the monsoon season (June-September), the current crop sowing
progress suggests growth in food grain production will be much lower this
year," Nomura said. "While there could be offsets such as higher horticulture
output, higher yields or higher winter crop output, current evidence suggests
there are downside risks to our agriculture GVA growth projection of 3.3 per
cent in 2017-18 (year-end March 2018)," Nomura said. In the case of pulses,
oilseeds and jute, the decline crop sowing was a response to low prices, it said
adding WPI inflation in pulses, oilseeds and raw jute declined to (-) 33 per
cent, (-) 14 per cent and (-) 35 per cent year-on-year respectively, in July
2017.
 The southwest monsoon has remained weak in recent weeks, which has
widened the country’s total rainfall deficit for the season to 6%, but the
weather office says a late pick-up in rainfall activity cannot be ruled out. With
no signs of the withdrawal of monsoon as yet, weather systems could bring
more rainfall in parts of the country in the next few weeks, the department
said. “There are no signs of withdrawal of monsoon for the next four to five
days at least,” the official added. While the monsoon continues to linger on,
rainfall in the next week is expected to remain below average in most parts of
the country, barring the northeast and the western coast in peninsular
India. IMD data on the seasonal rainfall shows that all parts of the country,
barring east and northeast India, recorded below normal rainfall till Sunday.
As per the short-range forecast, rainfall in central India, which remained bleak
over the last few weeks, will pick up during the next few days.
 Turmeric futures edged higher on NCDEX on rising demand at the spot
market. Though, some gains were capped due to good rains in turmeric
growing areas in Telangana and Karnataka. The contract for September
delivery was trading at Rs 7676.00, up by 1.00% or Rs 76.00 from its
previous closing of Rs 7600.00. The open interest of the contract stood at
1155 lots. The contract for October delivery was trading at Rs 7684.00, up
by 0.44% or Rs 34.00 from its previous closing of Rs 7650.00. The open
interest of the contract stood at 12025 lots on NCDEX.
 Coriander futures traded higher on NCDEX as speculators built up fresh
positions amid strong demand in the spot market. Further, limited arrivals
from major producing belts also influenced coriander futures. The contract
for September delivery was trading at Rs 4515.00, up by 2.01% or Rs 89.00
from its previous closing of Rs 4426.00. The open interest of the contract
stood at 2590 lots. The contract for October delivery was trading at Rs
4898.00, up by 1.18% or Rs 57.00 from its previous closing of Rs 4841.00.
The open interest of the contract stood at 39730 lots on NCDEX.
 Soyabean futures traded marginally lower on NCDEX as speculators
trimmed their positions, despite reports of lower than expected
production in new season due to lower acreage and irregular rains. The
contract for October delivery was trading at Rs 3099.00, down by 0.39% or
Rs 12.00 from its previous closing of Rs 3111.00. The open interest of the
contract stood at 42830 lots. The contract for November delivery was
trading at Rs 3133.00, down by 0.48% or Rs 15.00 from its previous closing
of Rs 3148.00. The open interest of the contract stood at 44110 lots on
NCDEX.
Commodities In News
Agri Commodity Update

5. SELL CORIANDER BELOW 4450 TARGET 4420 4380 4330 SL ABOVE 4500 SELL TURMERIC BELOW 7640 TARGET 7610 7570 7520 SL ABOVE 7690
SELL GUARGUM5 BELOW 8160 TARGET 8130 8090 8040 SL ABOVE 8210
Technical Outlook
Agri Commodity Update

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Daily Agri Update
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: 2017-09-12 21:52+05:30