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1. 08-November-2017
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
NOV 7270 7270 6968 6980 -3.83 2750
INTRADAY
LEVELS
SUPPORT SUPP.1
6875
SUPP. 2
6770
PIVOT
7072
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7177
RES. 2
7374
CORIANDER
NOV 5070 5070 4960 5002 -0.24 3820
INTRADAY
LEVELS
SUPPORT SUPP.1
4951
SUPP. 2
4900
PIVOT
5010
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
5061
RES. 2
5120
GUARGUM 5MT
NOV 7940 8020 7900 7971 0.63 6255
INTRADAY
LEVELS
SUPPORT SUPP.1
7907
SUPP. 2
7843
PIVOT
7963
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8027
RES. 2
8083
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 4375 4365 0.23
Chana - - -
Coriander 5002 5014 -0.24
Guargum5MT 7971 7921 0.63
Jeera 18650 18710 -0.32
Musterseed 3932 3937 -0.13
Soybean 2800 2785 0.54
Turmeric 6980 7258 -3.83
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
BARLEY 20-11-2017 1538.00 16.00 1.05%
SOY BEAN 20-11-2017 2800.00 27.00 0.97%
REF SOYA OIL 20-11-2017 693.50 2.50 0.36%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 20-11-2017 6980.00 -278.00 -3.83%
COTTON SEED OIL CAKE
AKOLA
20-12-2017 1507.00 -11.00 -0.72%
WHEAT 20-11-2017 1715.00 -6.00 -0.35%
JEERA 20-11-2017 18650.00 -65.00 -0.35%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 Even as the Darjeeling unrest affected the second flush this year, the higher
volume of CTC and rise in production of other orthodox tea varieties are likely
to narrow the total export loss to only 4-6 per cent in 2017-18, said a senior
official of tea exporter MK Jokai. "The 104-day strike resulted in complete
shutdown of plantations in Darjeeling, affecting the plucking of the second
flush, considered the most premium in the country. However, the loss of 80
per cent of the second flush was about 6 million kgs or Rs 350-400 crore of
premium orthodox tea," MK Jokai Vice President Parimal Shah told
here. Therefore, the total loss in India's tea exports would be around Rs 250-
300 crore, mainly compensated by higher volume of CTC and Assam orthodox
teas, he said. In FY17, India exported Rs 4,750 crore worth of tea, including
CTC and orthodox, from Darjeeling and Assam, he said. However, these teas
are significantly lower in value than the Darjeeling orthodox, he added.
 The recent Rs. 10/quintal increase in the Uttar Pradesh (UP) Government's
state advised price (SAP) for sugarcane for the season sugar year, SY2017-18 is
likely to result in an increase in the cost of production by around Rs. 800 -
1,000/MT of sugar. While this may result in some moderation in operating
margins going forward, given ICRA's expectations of a likelihood of healthy
sugar realisations, sugar recovery rates and an increase in the cane crushing
volumes, it expects another good year in terms of profits for most UP-based
sugar mills. Sabyasachi Majumdar, Senior VP, ICRA, "We expect sugar prices
to remain at remunerative levels in the near term, given the tight domestic
stock position. Further, UP-based sugar mills are likely to continue to derive
the benefit from the improved sugar recovery rates and higher crushing
volumes, arising out of cane development activities undertaken in the past.
Thus efficient and forward integrated sugar mills are likely to benefit from
higher by-product production and thus sales in SY2017-18.
 Turmeric futures edged lower on NCDEX as speculators offloaded their
bets, tracking a weak trend at the physical markets due to muted demand.
Further, increased supplies from major growing regions also influenced
turmeric futures.The contract for November delivery was trading at Rs
7114.00, down by 1.98% or Rs 144.00 from its previous closing of Rs
7258.00. The open interest of the contract stood at 2600 lots. The contract
for December delivery was trading at Rs 7050.00, down by 2.35% or Rs
170.00 from its previous closing of Rs 7220.00. The open interest of the
contract stood at 5970 lots on NCDEX.
 Jeera futures edged lower on NCDEX as speculators offloaded their
positions amid lower domestic and exports demand in the spot market.
Besides, good supplies from major producing belts also weighed on jeera
futures. The contract for November delivery was trading at Rs 18655.00,
down by 0.29% or Rs 55.00 from its previous closing of Rs 18710.00. The
open interest of the contract stood at 3261 lots. The contract for
December delivery was trading at Rs 18965.00, down by 0.37% or Rs
70.00 from its previous closing of Rs 19035.00. The open interest of the
contract stood at 10440 lots on NCDEX.
 Soybean futures traded higher on NCDEX as speculators enlarged
positions on anticipation of good demand for the domestic oilseeds as
government is going to hike import duty on edible oil and oilseeds. There
are reports that government is expected to reimburse farmers of Madhya
Pradesh if soybean is sold below MSP. However, new season arrivals and
higher stocks from last year capped some gains. The contract for
November delivery was trading at Rs 2819.00, up by 1.22% or Rs 34.00
from its previous closing of Rs 2785.00. The open interest of the contract
stood at 40490 lots.
Commodities In News
Agri Commodity Update

5. BUY CORIANDER OCT ABOVE 5030 TARGET 5060 5100 5150 SL BELOW 4980 BUY TURMERIC OCT ABOVE 7070 TARGET 7100 7140 7190 SL ABOVE 7020
SELL GUARGUM5 OCT BELOW 7950 TARGET 7920 7880 7830 SL 8000
Technical Outlook
Agri Commodity Update

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