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1. 23-August-2017
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
SEP 7254 7400 7250 7360 1.71 3815
INTRADAY
LEVELS
SUPPORT SUPP.1
7273
SUPP. 2
7186
PIVOT
7336
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7423
RES. 2
7486
CORIANDER
SEP 4790 4822 4765 4808 1.20 6350
INTRADAY
LEVELS
SUPPORT SUPP.1
4774
SUPP. 2
4741
PIVOT
4798
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4831
RES. 2
4855
GUARGUM 5MT
OCT 8450 8567 8450 8489 0.62 22535
INTRADAY
LEVELS
SUPPORT SUPP.1
8437
SUPP. 2
8385
PIVOT
8502
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8554
RES. 2
8619
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 4659 4709 -1.06
Chana - - -
Coriander 4808 4751 1.20
Guargum5MT 8489 8437 0.62
Jeera 19770 19660 0.56
Musterseed 3804 3821 -0.44
Soybean 3230 3236 -0.19
Turmeric 7360 7236 1.71
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 19-09-2017 7376.00 128.00 1.77%
GUAR SEED 10 MT 18-10-2017 4078.00 44.00 1.09%
REF SOYA OIL 20-09-2017 662.60 2.25 0.34%
V 797 KAPAS 30-04-2018 870.50 1.50 0.17%
MAIZE -
FEED/INDUSTRIAL GRADE
20-09-2017 1316.00 1.00 0.08%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
20-09-2017 1460.00 -6.00 -0.41%
WHEAT 20-09-2017 1654.00 -4.00 -0.24%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 Increased import duties are likely to see Indian edible oil refining industry
up capacity utilisations by at least a third, forcing the industry to crush more
domestic oil seeds, which saw higher production this year, and prompt
domestic players import more crude oil stocks and refine it locally. Industry
representatives and sector analysts say that the shift towards crushing of
domestic oil seeds and improved capacity utilisations after several years is
expected over the next two to three quarters, thus giving a fillip to profit
margins of the domestic sector. Care Ratings said India is the world's largest
importer of edible oils and imports 67% of its requirements from Indonesia
and Malaysia. However, over the years the industry had seen financial stress
due to droughts, rising production costs and cheaper oil imports, forcing
several small firms to shut shop. India consumes nearly 22 million tonnes of
edible oil. Domestic production is about 7 million tonnes, the rest is imported.
 Amid fears of losing export markets to other nations due to the ongoing
unrest in the northern West Bengal hills, Darjeeling's tea planters are hoping
that the Geographical Indication (GI) tag will enable them to regain their
market share in the future. All plucking and manufacturing operations in
Darjeeling's 87 gardens have been suspended since June 9 due to the crisis in
the region with an indefinite shutdown continuing for over two months. As a
result, there is no availability of second flush premium quality tea in the
export market, which is a "setback" to the industry and also to overseas
buyers. Darjeeling has been on the boil since June 8 after the principal hill
party, the Gorkha Janmukti Morcha (GJM), renewed the movement for a
separate Gorkhaland state. The GJM began the indefinite shutdown from June
12. "Due to non-availability of Darjeeling tea, the buyers would not be able to
get it. If they are unable to get it, there is a possibility that players from other
countries -- Nepal, Sri Lanka, Kenya -- will be able to make a breakthrough into
the market," Aditya Khaitan, Vice Chairman and Managing Director of McLeod
Russel IndiaBSE -0.11 %, the world's largest bulk tea producer, told IANS.
 Turmeric futures edged up on NCDEX despite sluggish demand from
retailers and stockists against increased arrivals from the producing belts.
The contract for August delivery was trading at Rs 7334.00, up by 1.35% or
Rs 98.00 from its previous closing of Rs 7236.00. The open interest of the
contract stood at 14060 lots. The contract for September delivery was
trading at Rs 7422.00, up by 1.06% or Rs 78.00 from its previous closing of
Rs 7344.00. The open interest of the contract stood at 1630 lots on
NCDEX.
 Coriander futures traded higher on NCDEX as speculators enlarged their
holdings, driven by improved demand in the spot market. Further,
restricted supplies from major producing belts also fuelled the uptrend.
The contract for September delivery was trading at Rs 4791.00, up by
0.84% or Rs 40.00 from its previous closing of Rs 4751.00. The open
interest of the contract stood at 32650 lots. The contract for October
delivery was trading at Rs 4971.00, up by 1.08% or Rs 53.00 from its
previous closing of Rs 4918.00. The open interest of the contract stood at
13800 lots on NCDEX.
 Soyabean futures traded marginally higher on NCDEX as speculators
enlarged their positions due to good spot demand and reports of deficient
rains in soybean planting districts of Madhya Pradesh and Maharashtra.
Further, as per SOPA survey, soybean area may drop 6.4% over last year
also support prices along with higher import duty of edible oils.
Meanwhile, soybean prices too rose at overseas markets, drawing support
from the findings of a widely-watched US crop tour that stoked fears
production would fail to meet official estimates. The contract for October
delivery was trading at Rs 3258.00, up by 0.68% or Rs 22.00 from its
previous closing of Rs 3236.00. The open interest of the contract stood at
56810 lots.
Commodities In News
Agri Commodity Update

5. BUY CORIANDER ABOVE 4820 TARGET 4850 4880 4930 SL BELOW 4770 SELL TURMERIC BELOW 7320 TARGET 7290 7250 7200 SL ABOVE 7370
BUY GUARGUM5 ABOVE 8570 TARGET 8600 8640 8690 SL BELOW 8520
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: 2017-08-23
20:58+05:30