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14-Jun-2018
For More Information Please visit www.epicresearch.co or contact info@epicresearch.co
Please refer to disclaimer at the end of the report.
Agri Commodity Update
MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
JUN 7168 7376 7168 7104 3.83 115
INTRADAY
LEVELS
SUPPORT SUPP. 1
7056
SUPP. 2
7008
PIVOT
7216
Turmeric short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7264
RES. 2
7424
CORIANDER
JUN 4307 4390 4300 4263 2.86 260
INTRADAY
LEVELS
SUPPORT SUPP.1
4245
SUPP. 2
4227
PIVOT
4317
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4335
RES. 2
4407
GUARGUM 5MT
JUN 7575 7640 7575 7503 1.29 660
INTRADAY
LEVELS
SUPPORT SUPP. 1
7505
SUPP. 2
7507
PIVOT
7572
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7570
RES. 2
7637
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
NCDEX INDICES
Index Value Pre. Close % Change
Castorseed 3941 3846 2.47
Chana 3337 3286 1.55
Coriander 4385 4263 2.86
Guargum5MT 8880 8785 1.08
Jeera 16350 16185 1.02
Musterseed 3928 3907 0.54
Soybean 3320 3326 -0.18
Turmeric 7376 7104 3.83
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 20-06-2018 7376.00 272.00 3.83%
CORIANDER 20-06-2018 4385.00 122.00 2.86%
CASTOR SEED 20-06-2018 3941.00 95.00 2.47%
CHANA 20-06-2018 3337.00 51.00 1.55%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
MAIZE -
FEED/INDUSTRIAL
GRADE
20-06-2018 1130.00 -30.00 -2.59%
WHEAT 20-08-2018 1802.00 -10.00 -0.55%
BARLEY 20-06-2018 1485.00 -5.00 -0.34%
SOY BEAN 20-06-2018 3320.00 -6.00 -0.18%
Most Active Contract
Agri Commodity Update
ECONOMIC NEWS
 India's cotton exporters have signed contracts to ship 500,000 bales (85,000
tonnes) of their new season harvest to China as the world's biggest consumer of
the fibre looks to raise its imports in the next crop year, industry officials told
Reuters. Exporters in India, the world's biggest producer of cotton, usually start
selling new season cotton from end-August, after estimating the nation's crop
size. But robust demand from China and higher prices have prompted Indian
exporters to sign deals in advance, the officials said. "Chinese demand is very
robust. They are ready to book Indian cotton," said Atul Ganatra, president of
the Cotton Association of India (CAI). "But Indian traders don't have a clear
idea about the upcoming crop size and prices, so they are hesitant to commit to
large amounts," he said. Most Indian farmers sow cotton with the arrival of
monsoon rains in June, and the crop is typically ready for harvesting from the
end of September.
 Technically Cardamom market is under fresh buying as market has witnessed
gain in open interest by 16.5% to settled at 233 while prices up 36.5 rupees.
Now MCX Cardamom is getting support at 933 and below same could see a
test of 915.1 level, And resistance is now likely to be seen at 959.9, a move
above could see prices testing 968.9. Cardamom on MCX settled up by 3.99%
at 951 on short covering after prices dropped on reports of bumper output on
the back of favourable weather amid poor stocks of quality goods. There has
been raining in the producing centres of Kerala and present weather is
conducive to the coming crop. Spice Board cut the number auctions due to
falling arrivals at the auction centres. Producing centres of Kerala are getting
good rains and monsoon is also expected to hit Kerala coast three days before
schedule. India exported 4,180 ton cardamom valued at Rs 4.56 billion during
April-December 2017, data from Spices Board showed.
 India’s tea production fell by 7.21% to 85.74 million kg in April 2018
from 92.41 million kg produced in the year-ago month, according to
provisional data from the Tea Board of India. Estimated production data
suggested the fall in absolute term during April was due to drop in the crop
production both in north (which also covers the east and northeast India)
and south India. In north India, Assam’s production for the month was
marginally up to 45.65 million kg as compared to 44.24 million kg
produced in the corresponding month of 2017 while West Bengal’s
production for the month stood at 15.73 million kg, down by nearly 20 per
cent from 19.6 million kg produced in the same month of 2017.
 New high-yielding fine Rice variety 'MGR 100' has been brought out by
the Tamil Nadu Agricultural University (TNAU) which will be popularised
among cultivators. In the initial phase, its cultivation would be taken up in
ten districts. TNAU has been planned to produce seeds for MGR 100
during this current fiscal by establishing demonstration plots in ten districts
with the participation of farmers. The seed production would be initiated
under the direct supervision of the agricultural experts. The new variety is
the rechristened with the nomenclature CO 52, which is a derivative of the
cross involving BPT 5204 and CO (R) 50.
 With closing stocks of Cotton anticipated to be at a six-year low for the
current season, ending September, prices of the fiber crop have started
firming up as the new crop harvest entries are expected from mid-October
onwards, which is as yet three-four months away. According to the Cotton
Association of India (CAI), Cotton carry-over stock from the 2017-18
season is estimated to be 16 lakh bales (each of 170 kg), which is said to be
the lowest since 2011-12. New crop arrival will take place by mid-October
due to delayed rains in Cotton growing regions. Cotton sowing is likely to
take place by Mid-July.
Commodities In News
Agri Commodity Update
BUY CORIANDER JUN ABOVE 4400 TARGET 4420/4440/4460 SL 4370 BUY TURMERIC JUN ABOVE 7390 TARGET 7420/7450/7480 SL 7350
BUY GUARGUM5 JUN ABOVE 7650 TARGET 7690/7730/7770 SL 7600
Technical Outlook
Agri Commodity Update
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Daily agri report of 14 june 2018 by epic research

  • 1. 14-Jun-2018 For More Information Please visit www.epicresearch.co or contact info@epicresearch.co Please refer to disclaimer at the end of the report. Agri Commodity Update
  • 2. MONTH OPEN HIGH LOW CLOSE % CHG VOL TURMERIC JUN 7168 7376 7168 7104 3.83 115 INTRADAY LEVELS SUPPORT SUPP. 1 7056 SUPP. 2 7008 PIVOT 7216 Turmeric short term trend is bearish and may continue in coming days. RESISTANCE RES. 1 7264 RES. 2 7424 CORIANDER JUN 4307 4390 4300 4263 2.86 260 INTRADAY LEVELS SUPPORT SUPP.1 4245 SUPP. 2 4227 PIVOT 4317 Coriander short term trend is bearish and may continue in coming days. RESISTANCE RES. 1 4335 RES. 2 4407 GUARGUM 5MT JUN 7575 7640 7575 7503 1.29 660 INTRADAY LEVELS SUPPORT SUPP. 1 7505 SUPP. 2 7507 PIVOT 7572 Guargum Short term trend is bearish and may continue in coming days. RESISTANCE RES. 1 7570 RES. 2 7637 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 3941 3846 2.47 Chana 3337 3286 1.55 Coriander 4385 4263 2.86 Guargum5MT 8880 8785 1.08 Jeera 16350 16185 1.02 Musterseed 3928 3907 0.54 Soybean 3320 3326 -0.18 Turmeric 7376 7104 3.83 TOP GAINERS Symbol Expiry Date Current Price Change Change % TURMERIC 20-06-2018 7376.00 272.00 3.83% CORIANDER 20-06-2018 4385.00 122.00 2.86% CASTOR SEED 20-06-2018 3941.00 95.00 2.47% CHANA 20-06-2018 3337.00 51.00 1.55% TOP LOSERS Symbol Expiry Date Current Price Change Change % MAIZE - FEED/INDUSTRIAL GRADE 20-06-2018 1130.00 -30.00 -2.59% WHEAT 20-08-2018 1802.00 -10.00 -0.55% BARLEY 20-06-2018 1485.00 -5.00 -0.34% SOY BEAN 20-06-2018 3320.00 -6.00 -0.18% Most Active Contract Agri Commodity Update
  • 4. ECONOMIC NEWS  India's cotton exporters have signed contracts to ship 500,000 bales (85,000 tonnes) of their new season harvest to China as the world's biggest consumer of the fibre looks to raise its imports in the next crop year, industry officials told Reuters. Exporters in India, the world's biggest producer of cotton, usually start selling new season cotton from end-August, after estimating the nation's crop size. But robust demand from China and higher prices have prompted Indian exporters to sign deals in advance, the officials said. "Chinese demand is very robust. They are ready to book Indian cotton," said Atul Ganatra, president of the Cotton Association of India (CAI). "But Indian traders don't have a clear idea about the upcoming crop size and prices, so they are hesitant to commit to large amounts," he said. Most Indian farmers sow cotton with the arrival of monsoon rains in June, and the crop is typically ready for harvesting from the end of September.  Technically Cardamom market is under fresh buying as market has witnessed gain in open interest by 16.5% to settled at 233 while prices up 36.5 rupees. Now MCX Cardamom is getting support at 933 and below same could see a test of 915.1 level, And resistance is now likely to be seen at 959.9, a move above could see prices testing 968.9. Cardamom on MCX settled up by 3.99% at 951 on short covering after prices dropped on reports of bumper output on the back of favourable weather amid poor stocks of quality goods. There has been raining in the producing centres of Kerala and present weather is conducive to the coming crop. Spice Board cut the number auctions due to falling arrivals at the auction centres. Producing centres of Kerala are getting good rains and monsoon is also expected to hit Kerala coast three days before schedule. India exported 4,180 ton cardamom valued at Rs 4.56 billion during April-December 2017, data from Spices Board showed.  India’s tea production fell by 7.21% to 85.74 million kg in April 2018 from 92.41 million kg produced in the year-ago month, according to provisional data from the Tea Board of India. Estimated production data suggested the fall in absolute term during April was due to drop in the crop production both in north (which also covers the east and northeast India) and south India. In north India, Assam’s production for the month was marginally up to 45.65 million kg as compared to 44.24 million kg produced in the corresponding month of 2017 while West Bengal’s production for the month stood at 15.73 million kg, down by nearly 20 per cent from 19.6 million kg produced in the same month of 2017.  New high-yielding fine Rice variety 'MGR 100' has been brought out by the Tamil Nadu Agricultural University (TNAU) which will be popularised among cultivators. In the initial phase, its cultivation would be taken up in ten districts. TNAU has been planned to produce seeds for MGR 100 during this current fiscal by establishing demonstration plots in ten districts with the participation of farmers. The seed production would be initiated under the direct supervision of the agricultural experts. The new variety is the rechristened with the nomenclature CO 52, which is a derivative of the cross involving BPT 5204 and CO (R) 50.  With closing stocks of Cotton anticipated to be at a six-year low for the current season, ending September, prices of the fiber crop have started firming up as the new crop harvest entries are expected from mid-October onwards, which is as yet three-four months away. According to the Cotton Association of India (CAI), Cotton carry-over stock from the 2017-18 season is estimated to be 16 lakh bales (each of 170 kg), which is said to be the lowest since 2011-12. New crop arrival will take place by mid-October due to delayed rains in Cotton growing regions. Cotton sowing is likely to take place by Mid-July. Commodities In News Agri Commodity Update
  • 5. BUY CORIANDER JUN ABOVE 4400 TARGET 4420/4440/4460 SL 4370 BUY TURMERIC JUN ABOVE 7390 TARGET 7420/7450/7480 SL 7350 BUY GUARGUM5 JUN ABOVE 7650 TARGET 7690/7730/7770 SL 7600 Technical Outlook Agri Commodity Update
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