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1. 24-Jul-2018
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
JULY 7280 7450 7280 7334 0.74 4925
INTRADAY
LEVELS
SUPPORT SUPP. 1
7259
SUPP. 2
7184
PIVOT
7354
Turmeric short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7429
RES. 2
7524
CORIANDER
JULY 4760 4913 4720 4770 3.00 20990
INTRADAY
LEVELS
SUPPORT SUPP.1
4689
SUPP. 2
4608
PIVOT
4801
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4882
RES. 2
4994
GUARGUM 5MT
JULY 9150 9295 9079 9342 -1.50 21090
INTRADAY
LEVELS
SUPPORT SUPP. 1
9182
SUPP. 2
9022
PIVOT
9238
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
9398
RES. 2
9454
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 4555 4546 0.20
Chana 4265 4285 -0.47
Coriander 4913 4770 3.00
Guargum5MT 8880 8785 1.08
Jeera 19580 18830 3.98
Musterseed 4216 4222 -0.14
Soybean 3352 3390 -1.12
Turmeric 7388 7334 0.74
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 20-08-2018 4913.00 295.00 6.39%
JEERA 20-08-2018 19580.00 810.00 4.32%
MAIZE -
FEED/INDUSTRIAL GRADE
20-08-2018 1293.00 26.00 2.05%
WHEAT 20-08-2018 1971.00 38.00 1.97%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
20-08-2018 1768.50 -35.50 -1.97%
GUAR SEED 10 MT 16-10-2018 4249.00 -59.00 -1.37%
SOY BEAN 16-10-2018 3352.00 -38.00 -1.12%
CHANA 20-08-2018 4265.00 -47.00 -1.09%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 With the four-month rainy season almost half over, the rainfall deficiency in
the eastern part of India, especially in Bihar and Jharkhand, has crossed the 40
per cent mark, while a quarter of the country has received "deficient" rainfall,
the India Meteorological Department data shows. Bihar has recorded the
highest monsoon deficiency of 48 per cent, while east Uttar Pradesh and
Jharkhand have recorded 46 and 42 per cent respectively. The overall monsoon
deficiency in the country has, however, dipped to three per cent. The overall
deficiency in east and northeast India is 34 per cent, the highest in the country
in comparison to the other meteorological divisions of the country. The
Northwest India division, comprising Uttar Pradesh, Haryana, Punjab,
Himachal Pradesh, Rajasthan and Jammu and Kashmir, has recorded 9 per cent
of negative rainfall or less rainfall than the long period average.
 Technically Cardamom market is under short covering as market has
witnessed drop in open interest by 0.73% to settled at 136 while prices up 5.4
rupees. Now MCX Cardamom is getting support at 1125.4 and below same
could see a test of 1119.2 level, And resistance is now likely to be seen at
1137.4, a move above could see prices testing 1143.2. Cardamom on MCX
settled up 0.48% at 1131.5 as there are fears of damage to standing crops and
delay in new crop supplies. Rains have also impacted the new crops and
supplies from the fresh crop would get momentum by the third week of this
month, though scattered supplies have begun to pour in some of the auction
centres. Stockists did not make buying on hopes of higher output and early
commencement of new crop supplies. Heavy monsoon rainfall that has caused
damage to plantation thereby resulting in crop loss and downward revision of
earlier made higher crop estimates. At the Vandanmedu auction centre,
supplies were at 21 MTs; lower by 22 MTs that traded at avg.
 The increase in Vietnam‟s yarn exports, particularly to the world‟s
largest yarn importer - China, has made the country the world‟s fastest-
growing market for Cotton. This has spurred opportunities for greater
Cotton exports from the US to the Southeast Asian nation, according to the
Foreign Agricultural Service of the US department of agriculture (USDA).
“US market share in Vietnam has grown to more than half from around a
third in only 3 years. Burgeoning imports of US cotton are expected to
underpin Vietnam‟s record 2018-19 consumption and to surpass projections
for 2017-18 record imports and use,” said the latest USDA report „Cotton:
World Markets and Trade‟.
 Farmers of the two main Paddy growing states Bihar and Uttar Pradesh
are facing drought-like situation due to shortage of rainfall. According to
Agriculture Ministry data, compared to last year Rice has been sown in 68
per cent less area in Bihar while UP has witnessed 35 per cent less area
sowing under Rice cultivation till date. Rain deficiency in Bihar is at 49 per
cent whereas UP has recorded 48 per cent less rainfall in Eastern and
Western parts. The IMD data shows 64 out of 72 districts in UP have so far
recorded deficient or large deficient rainfall, the precipitation was at least
20 per cent less than the normal in 33 out of 38 districts in Bihar till date.
 India will continue to maintain its supremacy in global black tea
production in the next ten years, the Rome-based Food and Agricultural
Organisation (FAO) said in its document on medium-term outlook for tea
giving predictions up to 2027. FAO has projected India‟s black tea
production to grow at 1.4 per cent per annum to 1,618 million kg in 2027
from 1,260 mkg in 2017. Similarly, India will continue to be the world‟s
largest consumer of black tea with a growth of 2.2% per year. This will
take the consumption level to 1,264 million kg in 2027 from 1,040 million
kg in 2017.
Commodities In News
Agri Commodity Update

5. BUY CORIANDER AUG ABOVE 4920 TARGET 4940/4960/4980 SL 4890 BUY TURMERIC AUG ABOVE 7450 TARGET 7480/7510/7540 SL 7410
BUY GUARGUM5 OCT ABOVE 9300 TARGET 9340/9380/9420 SL 9250
Technical Outlook
Agri Commodity Update

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