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1. 08-May-2018
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
MAY 7660 7702 7510 7552 0.05 4870
INTRADAY
LEVELS
SUPPORT SUPP.1
7474
SUPP. 2
7396
PIVOT
7588
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7666
RES. 2
7780
CORIANDER
MAY 4681 4799 4640 4683 2.01 9170
INTRADAY
LEVELS
SUPPORT SUPP.1
4615
SUPP. 2
4548
PIVOT
4707
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4774
RES. 2
4866
GUARGUM 5MT
MAY 8241 8369 8137 8189 2.03 10135
INTRADAY
LEVELS
SUPPORT SUPP.1
8094
SUPP. 2
7999
PIVOT
8231
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8326
RES. 2
8463
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 3985 3889 2.47
Chana 3540 3558 -0.51
Coriander 4777 4683 2.01
Guargum5MT 8880 8785 1.08
Jeera 15755 15645 0.70
Musterseed 3874 3834 1.04
Soybean 3670 3657 0.36
Turmeric 7556 7552 0.05
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 18-05-2018 7556.00 294.00 4.05%
GUAR GUM 5 MT 18-05-2018 8355.00 155.00 1.89%
RAPESEED-MUSTARD
SEED
18-05-2018 3874.00 71.00 1.87%
REF SOYA OIL 18-05-2018 760.60 13.90 1.86%
WHEAT 18-05-2018 1755.00 31.00 1.80%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
CASTOR SEED 18-05-2018 3883.00 -72.00 -1.82%
CORIANDER 18-05-2018 4660.00 -40.00 -0.85%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
Every summer, the stories are as seasonal as the fruit. As Alphonso mangoes
flood Mumbai markets in May, so too do allegations of them being toxic due to
artificial ripening with calcium carbide. This year, it was kicked off by a widely
circulated video shot in the Vashi wholesale market. A man is shown packing a
box with green mangoes and then spraying them. In an accompanying message, the
person who shot the video writes that labourers say all mango brokers used
“carbide” to ripen the fruit and earn money faster: “All consumers are paying a
premium price for purchasing the fruit and are buying „Poison‟ from fruit
markets.” Soon after, raids from the Food and Drug Administration seized 109
dozens of mangoes to test for chemicals. A media report quoted doctors warning
about “dizziness, headache, skin burning, allergy, vomiting and diarrhoea, to name
a few” which could result from eating mangoes ripened using chemicals.
Sometimes, the actions go beyond warnings: last year, a magistrate in Wardha
sentenced a fruit seller to a year in jail for chemically induced ripening.
Maharashtra Chief Minister Devendra Fadnavis today said that the state had
maximum agricultural production during the kharif season of 2017-18, despite 30
per cent less rainfall, due to effective water conservation schemes of the state
government. Fadnavis said that farm production during last year was "historically
positive" and was similar to the record one in 2012-13 that was aided by the state
receiving 110 per cent of its average rainfall. "Last year, there was 30 per cent less
rain but we had maximum production like in 2012-13. This is because of effective
water conservation schemes like Jalyukt Shivar which helped to improve soil
moisture and also provide irrigation," Fadnavis said. "We have seen historically
positive agriculture growth rate with our all round efforts. In spite of 30 per cent
less rainfall last year, we could manage well due to our efforts for sustainable
irrigation and an investment-based approach," he added. He said that the
meteorological department had predicted a satisfactory monsoon this year with a
forecast of 92-110 per cent of the average rainfall.
 The Potatoes arrived in markets till now were from farmer's storage, which
has now exhausted. The crop have started to arrive from the cold storage which
have caused the price rise by 25 percent in West Bengal. Potato prices have
increased in most of the city market between Rs.18 and Rs.20 per kg as against
Rs.14-15 since the beginning of the week. For every kilogram of Potato
coming out of the cold storages, there will an additional price load of Rs.4-5
per kg due to the cost involved in storage. The price rise is not due to reduced
production of Potato in Bengal which was at about 100 lakh tonnes, 10 percent
lower than previous year's yield. Crisis in availability of labourers of cold
storage has also led to the price rise.
 The Odisha government has directed procurement agencies Markfed and
Nafed to complete the procurement of pulses and oil seeds by July 04 and to
ensure that procurment is made from genuine farmers at the designated centres
set up by the district administration concerned. The State has set a target to
procure 12,520 tonne of Green Gram (Moong), 4,900 tonne of Black Gram
(Urad), 13,480 tonne of Groundnut pods (Shelled Groundnut) and 1,500 tonne
of Sunflower Seeds during the current rabi season besides 4,400 tonne of Arhar
produced during kharif season. While the minimum support price (MSP) for
Green Gram has been fixed at Rs 5,375 per quintal, Black Gram is Rs 5,200
per quintal, Red Gram Rs 5,250, Groundnut pods Rs 4,250 and Sunflower
Seed Rs 4,000 per quintal.
 The Union government has extended the restriction on import of Urad and
Moong dal across all varieties to cover split and other forms to stabilise
domestic prices. “Import policy of Urad and Moong in split and other
forms…..are also restricted in addition to Urad and Moong ….with annual
import quota of 3 lakh tonne for all,” said a notification by the Directorate
General of Foreign Trade. While the government had restricted import of raw
or whole Moong and Urad in a notification dated August 21, 2017, no such
restriction on splits or dal (milled) was specified.
Commodities In News
Agri Commodity Update

5. BUY CORIANDER MAY ABOVE 4800 TARGET 4830/4870/4920 SL 4750 BUY TMC MAY ABOVE 7650 TARGET 7680/7720/7770 SL 7600
BUY GUARGUM5 MAY ABOVE 8370 TARGET 8400/8440/8490 SL 8320
Technical Outlook
Agri Commodity Update

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