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Daily agri report of 21 aug 2018 by epic research
1. 21-Aug-2018
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Agri Commodity Update
2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
AUG 7024 7098 6990 6978 1.61 3385
INTRADAY
LEVELS
SUPPORT SUPP. 1
6946
SUPP. 2
6914
PIVOT
7022
Turmeric short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7054
RES. 2
7130
CORIANDER
AUG 4890 4979 4890 4884 1.39 4840
INTRADAY
LEVELS
SUPPORT SUPP.1
4856
SUPP. 2
4828
PIVOT
4917
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4945
RES. 2
5006
GUARGUM 5MT
AUG 9850 9988 9682 9882 0.60 31560
INTRADAY
LEVELS
SUPPORT SUPP. 1
9713
SUPP. 2
9544
PIVOT
9850
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
10019
RES. 2
10156
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 4667 4624 0.93
Chana 4300 4301 -0.02
Coriander 4952 4884 1.39
Guargum5MT 8880 8785 1.08
Jeera 20040 19375 3.43
Musterseed 4149 4166 -0.41
Soybean 3353 3371 -0.53
Turmeric 6840 6962 -1.75
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
JEERA 19-09-2018 20420.00 735.00 3.73%
COTTON SEED OIL CAKE
AKOLA
19-09-2018 1838.50 47.00 2.62%
TURMERIC 19-09-2018 7090.00 80.00 1.14%
CORIANDER 19-09-2018 4952.00 46.00 0.94%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
BARLEY 19-09-2018 1640.00 -14.00 -0.85%
CHANA 19-09-2018 4326.00 -36.00 -0.83%
GUAR GUM 5 MT 16-10-2018 9941.00 -18.00 -0.18%
GUAR SEED 10 MT 16-10-2018 4623.00 -1.00 -0.02%
Most Active Contract
Agri Commodity Update
4. ECONOMIC NEWS
Farmers are still unaware of the details of the Pradhan Mantri Fasal Bhima
Yojana (PMFBY) even as the government and insurers are trying to increasing
the penetration in the non-loanee segment, said a climate risk management firm
WRMS. However in many states, high satisfaction has been seen among the
enrolled farmers and reasons for the same were proper implementation in terms
of assistance to farmers and involvement of insurance company and high
percentage of insured farmers receiving payout, it said. The PMFBY, launched
in 2016, is the most important tool today to insure agriculture against climate
and other risks. The scheme which is an improvement over the previous
agriculture insurance schemes not only provides subsidised insurance to the
loanee farmers but also avails it to the non-loanee farmers. "In a recent survey
done in eight states (Uttar Pradesh, Gujarat, Odisha, AP, Chhattisgarh,
Nagaland, Bihar and Maharashtra) by BASIX, it was found that only 28.7 per
cent of the sampled farmers are aware about the PMFBY," the Weather Risk
Management Services Pvt Ltd (WRMS) said.
The Agricultural Products Export Development Authority (APEDA) is
mulling setting up of specialised agencies which can provide farmers with
workers trained in application of pesticides and fungicides, according to a
senior official. The move is aimed at improving compliance with global
pesticide residue norms and reducing rejection of shipments of farm
products. The authority is likely to seek clearance from the agriculture ministry
for scientific use of chemicals on crops, cut overuse dosage and ensure
adherence to latest global maximum residue level norms, the official said. As
per the blueprint, which will soon be mooted to the agriculture ministry,
farmers will have the option of hiring farm hands trained in use of pesticides
and fungicides through specialised agencies.
India's Palm Oil imports are likely to fall 15% in 2017/18 from the year
before to their lowest in six years, hit by a hike in import taxes, a weaker
rupee and tighter credit for would-be buyers, industry sources said. Local
prices moved up due to higher import tax and depreciation in the rupee.
The price rise moderated demand for imports, the Solvent Extractors'
Association of India (SEA) said. India in March raised its import tax on
refined palm oil to 54% to support local farmers. That made palm cargoes
less appealing than shipments of alternative edible oils such as soyoil,
sunflower oil and canola oil - at least until import duties on those
commodities were raised to 45% in June.
As per the latest update from United States Department of Agriculture
(USDA), Indias Cotton area for MY 2018/19 is being forecasted at 11.8
million hectares, 100,000 hectares lower than the official USDA estimate.
The reduction in area is primarily in the two major Cotton growing states of
Gujarat and Maharashtra. Deficit rains and pest pressures have prompted
farmers to either plant alternate crops, or delay planting altogether.
According to the Ministry of Agriculture and Farmers Welfare (MOAFW),
planted area reached 11.26 million hectares as of August 9, 2018 compared
to their final estimate of 11.71 million hectares in MY 2017/18.
After almost a dry phase of over three weeks, the latest spell of rainfall
has brought relief for kharif sowing as water scarcity situation loomed over
Gujarat. Against the state’s average rainfall of 831 mm, Gujarat has
recorded 523.29 mm or 62.97 per cent till Sunday with a jump 5.16 per
cent within a day between August 17 and August 18. The fresh spell of rain
is expected to benefit kharif crop sowing and likely to increase the current
acreage which stands at 48 per cent. It is likely to boost Castor sowing from
current 1.50 lakh hectare to 6.50 lakh hectare.
Commodities In News
Agri Commodity Update
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Daily Agri Update