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Daily agri commodity report by epic research limited of 27 december 2017
1. 27-December-2017
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Agri Commodity Update
2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 7898 8066 7850 7898 1.49 4670
INTRADAY
LEVELS
SUPPORT SUPP.1
7810
SUPP. 2
7722
PIVOT
7938
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8026
RES. 2
8154
CORIANDER
JAN 5738 5738 5578 5630 -1.59 9490
INTRADAY
LEVELS
SUPPORT SUPP.1
5559
SUPP. 2
5488
PIVOT
5719
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
5719
RES. 2
5808
GUARGUM 5MT
JAN 8932 9069 8911 9050 1.91 22535
INTRADAY
LEVELS
SUPPORT SUPP.1
8951
SUPP. 2
8852
PIVOT
9010
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
9109
RES. 2
9168
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 4412 4460 -1.08
Chana 4082 4252 -4.00
Coriander 5630 5721 -1.59
Guargum5MT 9050 8880 1.91
Jeera 21000 21315 -1.48
Musterseed 4007 4013 -0.15
Soybean 3084 3070 0.46
Turmeric 7898 7782 1.49
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
19-01-2018 1861.00 61.00 3.39%
TURMERIC 20-04-2018 7898.00 178.00 2.31%
GUAR SEED 10 MT 19-01-2018 4116.00 68.00 1.68%
WHEAT 19-01-2018 1699.00 18.00 1.07%
RAPESEED-MUSTARD
SEED
19-01-2018 4007.00 42.00 1.06%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
JEERA 19-01-2018 21000.00 -530.00 -2.46%
CORIANDER 19-01-2018 5630.00 -110.00 -1.92%
Most Active Contract
Agri Commodity Update
4. ECONOMIC NEWS
The Uttar Pradesh government is pushing ahead with a plan to put all the
milk plants of the state in the running mode by 2018-end. "While existing
plants would be renovated, 11 new plants are also on the cards," said Laxmi
Narain Chaudhary, Uttar Pradesh Minister for Dairying, Wakf, Minorities
welfare and Culture. By the end of 2018, Chaudhary added, all the dairy plants
will become functional. An ultra modern dairy unit with a capacity of 3 lakh
litres daily is coming up in Mathura. With an investment of Rs 200 crore, it
would be better than Amul dairy in Gujarat, he claimed while interacting with
reporters in Mathura yesterday. The facility will produce butter, milk, butter
milk, ghee, cream, sweets, powdered milk and the like. Last Deepawali, the
existing Mathura dairy had produced 27 tonnes of pure ghee sweets. The
sharper focus on milk is expected to benefit the common man and will lead to
higher income for farmers. To ensure availability of sufficient milk in Mathura,
the earlier plant has been made functional, Chaudhary added.
Agri service solutions provider Sohan Lal Commodity Management (SLCM)
having operations across India and Myanmar has tied up with HDFC Bank and
IndusInd Bank to provide collateral management services. SLCM will leverage
its proprietary (patent pending) technology 'Agri Reach' and support both
these banks towards offering more efficient post-harvest credit and storage
service to farmers, millers and other stakeholders in the agriculture
sector. This tie-up will not only help improve the farmers' access to post-
harvest credits at affordable interest rates, it will also provide easy access to
scientific storage facilities leading to a fair price discovery of their produce in
the market. SLCM's Agri Reach with its scientific technology and standard
operating procedures has been able to demonstrate its capability to reduce
post-harvest losses from the current 10 percent to a mere 0.5 percent
irrespective of infrastructure, crop or geographical location.
The Maharashtra government has decided to put in place stricter norms
for seed companies against co-marketing of brands. The government has
asked seed companies to amend their licences issued for co-marketing as
per the permissions granted by the Genetic Engineering Appraisal
Committee (GEAC). According to senior officials of the state agriculture
department, several co-marketing companies with distribution rights for a
product have been found selling the product under multiple brands to attract
farmers.
The National Seeds Association of India (NSAI) is unhappy with the
recent announcements made by the Maharashtra agriculture minister with
regard to seed companies. The minister had announced that seed supplier
companies shall compensate farmers for the losses incurred due to pink
bollworm. NSAI director-general Kalyan Goswami said that seed
companies are only responsible for seed quality parameters as specified
under the Seeds Act. “In case of BT cotton seeds supplied in Maharashtra
there is no problem with seed quality.
The Finance Ministry on Thursday said that the government has decided
to impose 30% import duty on chana and masoor to protect the interest of
farmers as good harvest is expected in the Rabi season. “Government has
decided to impose 30% import duty on Chana (Chickpeas) and Masoor
(Lentils), with immediate effect,” the Finance Ministry said in a statement.
“Production of Chana (Chickpeas) and Masoor (Lentils) are expected to be
high during the forthcoming Rabi season, and cheap imports, if allowed
unabated, are likely to adversely affect the interest of the farmers,” the
statement added. At present, tur attracts 10% import duty. The government
has recently imposed 50% import duty on yellow peas, while other pulses,
however, attract Nil import duty.
Commodities In News
Agri Commodity Update
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Daily Agri Update