- Turmeric, coriander, and guargum futures prices declined slightly over the past month according to the document. - The document provides support and resistance levels as well as short term trends for various agricultural commodities. - Economic news and events that may impact agricultural commodities are summarized, including monsoon updates, export policies, and commodity supply changes.

1. 16-January-2018
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 7610 7666 7520 7570 -0.89 1585
INTRADAY
LEVELS
SUPPORT SUPP.1
7504
SUPP. 2
7439
PIVOT
7585
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7650
RES. 2
7731
CORIANDER
APR 6027 6080 6013 6023 -1.05 2200
INTRADAY
LEVELS
SUPPORT SUPP.1
5997
SUPP. 2
5971
PIVOT
6038
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
6064
RES. 2
6105
GUARGUM 5MT
FEB 9751 9600 9455 9485 0.47 16155
INTRADAY
LEVELS
SUPPORT SUPP.1
9426
SUPP. 2
9368
PIVOT
9513
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
9571
RES. 2
9658
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 4070 4065 0.12
Chana 4171 4171 -0.02
Coriander 5620 5673 -0.93
Guargum5MT 9370 9296 0.80
Jeera 21540 21455 0.4
Musterseed 3900 3860 1.04
Soybean 3300 3213 2.71
Turmeric 7570 7638 -0.89
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
JEERA 19-01-2018 21540.00 490.00 2.33%
SOY BEAN 19-01-2018 3300.00 65.00 2.01%
RAPESEED-MUSTARD
SEED
19-01-2018 3900.00 75.00 1.96%
WHEAT 19-01-2018 1700.00 15.00 0.89%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
V 797 KAPAS 30-04-2018 999.00 -11.50 -1.14%
CORIANDER 19-01-2018 5620.00 -55.00 -0.97%
COTTON SEED OIL CAKE
AKOLA
19-01-2018 1781.00 -5.00 -0.28%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 Ahead of the Budget, Finance Minister Arun Jaitley today said the
agriculture sector is the top priority for the government because the country's
economic growth is not "justifiable and equitable" unless the benefits are
"clear and evident" in the farm sector. Therefore, the government's priority is
to ensure the gains reach the farmers and the growth is visible even in the
farm sector, he said at an event here. As per latest Central Statistics Office
(CSO) data, the country's economic growth is expected to slow to a four-year
low of 6.5 per cent in the 2017-18 fiscal, the lowest under the Modi-led
government, mainly due to poor performance of agriculture and
manufacturing sectors. The CSO has pegged farm and allied sector growth to
slow to 2.1 per cent in the current fiscal from 4.9 per cent in the preceding
year. "India is one of the fastest growing economies in the world and the
growth is benefiting people in different sectors.
 The commerce ministry is working on a comprehensive policy covering
issues such as logistics to promote export of agri commodities like tea, coffee,
fruits and vegetables, a senior official said. India is one of biggest producers
and exporters of agri commodities, and still holds huge potential to increase
shipments. "So, the possibility of value addition and moving up in the global
value chain is immense. All important elements such as logistics, certification
and traceability of items would be part of the new policy," the official said. It is
important to have proper infrastructure to promote exports. This move would
help serve the government's objective to double farmers' income and
increasing exports. The ministry has started the process of identifying factors
such as where maximum import demand is, areas that can be looked at,
India's contribution to, and steps required to promote exports. The ministry
has started the process of identifying factors such as where maximum import
demand is, areas that can be looked at, India's contribution to, and steps
required to promote exports.
 The U.S Department of Agriculture (USDA) estimates India's 2017/18
Cotton yield to decrease to 519 kilogram per hectare, down slightly from
last month and down 4% from last year due to pink bollworm infestation,
which has been reported in 50% of the second and third picking in
Maharashtra. Gujarat, however, which produces 30% of total production,
has reported no incidence of pest infestation. Cotton crop area is expected
to reach a near record at 12.3 million hectares, unchanged from last month
and up 13% from last year. Planted area increased due to higher domestic
prices compared to other crops.
 The Black Pepper exporters, mainly concentrated in Kerala, are unhappy
with the Union government fixing the minimum import price (MIP) of Rs
500 per kg. The decision would only help to drive away companies
engaged in the export of Pepper and force them to set up their business to
countries such as Vietnam, offering at much lower price. The Union
government decided to impose minimum import price to shore up the
domestic price falling for the past few months.
 In an effort to make the agri-economy more efficient and bring huge
amount of value for the farmers of India, National Commodity and
Derivatives Exchange Limited (NCDEX) has launched the country's first
agri-commodity options in Guar Seed. NCDEX launched Guar Seed
options as it is one of the most liquid contracts on the exchange platform.
Around 1.5 million farmers are associated with this commodity. Speaking
on the occasion, NCDEX MD and CEO Samir Shah said, "The option
trading is a powerful tool to hedge price risks...we are confident that this
will boost the development of the agri-commodity market.
"Options will protect farmers from downward price movement as well as
give them an opportunity to sell their produce at higher prices in case of
price increase, he said.
Commodities In News
Agri Commodity Update

5. BUY CORIANDER APR ABOVE 6060 TARGET 6090 6130 6180 SL ABOVE 6010 BUY TURMERIC APR BELOW 7590 TARGET 7620 7660 7710 SL ABOVE 7440
BUY GUARGUM5 FEB ABOVE 9600 TARGET 9630 9670 9720 SL 9550
Technical Outlook
Agri Commodity Update

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