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Keppel Ltd. 1Q 2024 Business Update Presentation Slides
DAILY AGRI COMMODITY REPORT
1. DAILY AGRI COMMODITY REPORT
25 October 2016
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2. Market Views
2
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
TURMERIC
SEP 6996 7070 6996 7070 1.32 805
INTRADA
Y LEVELS
SUPPORT SUPP.1
7020
SUPP. 2
6971
PIVOT
7045
Turmeric short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7094
RES. 2
7119
CORIANDER
SEP 6993 7285 6959 7285 4.00 1240
INTRADAY
LEVELS
SUPPORT SUPP.1
7067
SUPP. 2
6850
PIVOT
7176
Coriander short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7393
RES. 2
7502
GUARGUM
OCT 6490 6595 6466 6570 0.58 9955
INTRADAY
LEVELS
SUPPORT SUPP. 1
6492
SUPP. 2
6414
PIVOT
6543
Guargum short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6621
RES. 2
6672
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTA
NCE
RES. 1
-
RES. 2
-
3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
Castorseed - - -
Chana - - -
Coriander 7269 6996 3.87
Guargum5MT 6570 6534 0.55
Jeera 17335 16900 2.57
Mustard seed 4527 4549 -0.48
Soybean 3122 3125 -0.10
Turmeric 7252 7184 0.95
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
JEERA 18-11-2016 17335.00 775.00 4.68%
CORIANDER 18-11-2016 7269.00 195.00 2.76%
WHEAT 18-11-2016 1871.00 49.00 2.69%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
20-12-2016 1910.00 -73.00 -3.68%
RAPESEED-MUSTARD
SEED
18-11-2016 4527.00 -40.00 -0.88%
SOY BEAN 18-11-2016 3122.00 -22.00 -0.70%
MAIZE -
FEED/INDUSTRIAL
GRADE
18-11-2016 1356.00 -5.00 -0.37%
4. Commodities In News
4
ECONOMIC NEWS
Fresh stockiest buying has supported barley market today. The spot and
futures prices were also supported by receding stocks in local mandies
along with strong feed demand . The sources stated that the total
production in 2015-16 is projected at 1.63 million tonnes, down 9 percent
from the last year. This is mainly due to weak sowing acreage in the
current year. Moreover, stocks have also been declined by almost 50
percent from the last year to reach 4-5 lakh tonnes. The spot prices surged
by Rs 30 per quintal today. While NCDEX November futures increased by
0.51 percent to close at Rs 1684 per quintal today.
Total Rice exported from India in the second week of October (9-16)
was 105924.31 tons out of which basmati rice contribute 58.27%, and non-
basmati rice is 41.72% in this period with quantity of around 61725.9 tons
and 44198.4 tons respectively as per latest data extract from IBIS.Major
importers of Indian Basmati rice in this period were Saudi, UAE and Iraq.
We expect Middle East countries to remain the major basmati buyers of
Indian Basmati from Mundra and Kakinada Port in coming months. Major
non-basmati importers were U.A.E, South Africa and Benin.
India imported 111030 tonne pulses during week ended 16th Oct-2016,
lowerby21.72 % from previous week .It had imported141844 tonne pulses
during week ended 08th Oct. The highest quantity was of yellow peas out
of total import during the week. India imported71991 tonne yellow
peas,15656 tonne Tur and 10119 tonne chana. The rest were other pulses
including kidney beans.
More than 50% of the onion procured by the central and state agencies
has already rotted as the wholesale prices of the bulb have crashed 80% in
the country’s largest due to record production. Traders said they fear a
further fall in prices next month when the kharif crop from Maharashtra
will hit the market.
Soybean futures edged lower on NCDEX due to improving
harvesting process of soybean on forecast of dry and clear weather in
Rajasthan, MP and Maharashtra. Though, some losses were capped on
rising demand for new season soybean crop. The contract for
November delivery was trading at Rs 3119.00, down by 0.19% or Rs
6.00 from its previous closing of Rs 3125.00.The open interest of the
contract stood at 113060 lots. The contract for December delivery was
trading at Rs 3189.00, down by 0.03% or Rs 1.00 from its previous
closing of Rs 3190.00. The open interest of the contract stood at 66490
lots on NCDEX.
Coriander futures traded higher on NCDEX as speculators built up
fresh positions on the back of rising demand in the domestic spot
market. Besides, restricted arrivals from major producing belts also
added support to coriander prices’ uptrend. The contract for November
delivery was trading at Rs 7063.00, up by 0.93% or Rs 65.00 from its
previous closing of Rs 6998.00. The open interest of the contract stood
at 12490 lots. The contract for December delivery was trading at Rs
7081.00, up by 1.08% or Rs 76.00 from its previous closing of Rs
7005.00. The open interest of the contract stood at 1020 lots on
NCDEX.
Turmeric futures edged higher on NCDEX on account of pickup in
domestic demand from the upcountry buyers ahead of festival season.
Though, some gains were capped on expectation of better crop in the
coming season due to favorable weather. The contract for November
delivery was trading at Rs 7206.00, up by 0.31% or Rs 22.00 from its
previous closing of Rs 7184.00. The open interest of the contract stood
at 9555 lots. The contract for December delivery was trading at Rs
7030.00, up by 0.75% or Rs 52.00 from its previous close of Rs
6978.00. The open interest of the contract stood at 7640 lots on
NCDEX.
5. Technical Outlook
5
SELL CORIANDER NOV BELOW 6954 TARGET 6909 6809 SL
ABOVE 7019 SELL GUARGUM5 NOV BELOW 6515 TARGET 6465 6395 SL
ABOVE 6585
BUY TURMERIC NOV ABOVE 7200 TARGET 7244 7304 SL
BELOW 7140
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