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1. 21-February-2018
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 7060 7118 6900 6964 -2.11 5410
INTRADAY
LEVELS
SUPPORT SUPP.1
6870
SUPP. 2
6776
PIVOT
6994
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7088
RES. 2
7212
CORIANDER
APR 5474 5525 5415 5422 -1.11 3780
INTRADAY
LEVELS
SUPPORT SUPP.1
5383
SUPP. 2
5344
PIVOT
5454
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
5493
RES. 2
5564
GUARGUM 5MT
MAR 9508 9578 9375 9570 0.69 30835
INTRADAY
LEVELS
SUPPORT SUPP.1
9437
SUPP. 2
9304
PIVOT
9507
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
9640
RES. 2
9710
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 4170 4213 -1.02
Chana 3975 3913 1.58
Coriander 5422 5483 -1.11
Guargum5MT 9500 9545 -0.47
Jeera 15395 15525 -0.84
Musterseed 4175 4141 0.82
Soybean 3795 3752 1.15
Turmeric 6964 7114 -2.11
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
BARLEY 20-04-2018 1485.00 23.00 1.57%
GUAR SEED 10 MT 20-03-2018 4418.00 58.00 1.33%
SOY BEAN 20-03-2018 3809.00 44.00 1.17%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 20-04-2018 6964.00 -150.00 -2.11%
CORIANDER 20-04-2018 5422.00 -47.00 -0.86%
JEERA 20-03-2018 15395.00 -50.00 -0.32%
REF SOYA OIL 20-03-2018 743.50 -2.30 -0.31%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 Despite the hype over the farm loan waiver scheme under which BJP
government promised to waive farm loans of up to Rs 1 lakh, the number of
farmers getting the maximum benefit has been just 11% of the total targeted
beneficiaries. Records show that just 10 lakh of the total targeted 86 lakh debt-
ridden farmers in the state could get the maximum benefit of Rs 1 lakh as
envisaged under the scheme that was launched to fulfil BJP’s key poll
promise. According to the data of state agriculture department, over 66 lakh
farmers registered under the scheme till date and around 36 lakh farmers got
loan waiver, out of which just one-fourth could get maximum loan waiver of
Rs 1lakh. The data further reveals that the scheme benefited only 2.5 lakh
farmers in the parched and economically backward Bundelkhand region, which
has often been in news for suicides by debtridden farmers.
 Soon the people of Gujarat will be able to watch live sharks from inside glass
tunnel, watch penguins, otters, jelly fish, octopus, stingray, cayman,
hammerhead sharks and a number of sea, river and other aquatic species in
simulated natural habitats at the upcoming aquatic life science park in Science
City. Work order for the Rs 257 crore project has already been issued by the
state government to a firm consortium of Marinescape and Shapoorji.
Dhananjay Dwivedi, secretary, science and technology, Gujarat government,
said about the project, “At the proposed aquatic life science park, students and
visitors will be able to see aquatic life of different zones like Indian, Asian,
African, Americas, Oceans of the World, different types of sharks, weird
aquatic species, and rare species found in different parts of the
world.” Speaking about the progress of the project, Dwivedi said, “Expected
project cost is Rs 257 crore and the expected time limit for the project is 18 to
24 months. Tendering process is over and work order has already been issued.
Construction work is expected to start shortly.’’
 The Consortium of Pepper Growers Organisation, Karnataka, Kerala and
Tamil Nadu has urged the government to levy 54% duty on imports from
Sri Lanka under SAFTA and scrap the Indo-Sri Lankan Free Trade
Agreement quantity of 2,500 tonnes. “Pepper production in Sri Lanka has
increased substantially from the days of implementation of these trade
agreements and other origin Pepper is entering the country with Certificate
of Origin issued by Sri Lankan authorities,” the Consortium said. Data from
various ports (Cochin Sea Port, Mundra Sea Port, Nava Sheva Sea Port,
Chennai Sea Port and Bangalore ICD as well as Tughlakabad ICD) show a
total of 2,212 tonnes of Pepper have been imported in January.
 Prices of Tur in spot markets in Maharashtra continues to trade much
below the government declared Minimum Support Price (MSP) of Rs 5,400
per quintal. Huge carry-forward stock and absence of price parity in the
export market are seen weighing on the prices of the pulse. The price of the
pulse has been well below MSP levels even before it started arriving in the
markets. This despite a 20 per cent reduction in area of Tur in the state for
the kharif season of 2017-18. Maharashtra has reported 12.19 lakh hectares
of Tur cultivation in 2017-18 as compared to 15.32 lakh hectares in 2016-
17. State government estimates say Maharashtra will produce around 9.83
lakh tonnes of Tur this year.
 An upswing in Jeera production and its consequent higher arrivals in the
market may put Jeera price under pressure. The market is likely to remain
bearish until some support is seen in the form of export orders. Production
is estimated to be higher by 35-40% than last year with both Gujarat and
Rajasthan reporting increase in acreage. The climate was also conducive
and the output is likely to be high. Arrivals are as high as 18,000-20,000
bags per day from Gujarat. More Jeera will come into the market when
harvest starts in Rajasthan. Production in 2016-17 is estimated to be 70 lakh
bags. Carryover stocks are also on the higher side and the support may
come only by March-end in the way of export demand.
Commodities In News
Agri Commodity Update

5. SELL CORIANDER APR BELOW 5410 TARGET 5380 5340 5290 SL ABOVE 5460 BUY TURMERIC APR ABOVE 6990 TARGET 7020 7060 7110 SL BELOW 6940
SELL GUARGUM5 FEB BELOW 9530 TARGET 9500 9460 9410 SL 9580
Technical Outlook
Agri Commodity Update

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