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1. 14-December-2017
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 7386 7456 7356 7436 0.70 1315
INTRADAY
LEVELS
SUPPORT SUPP.1
7416
SUPP. 2
7316
PIVOT
7416
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7476
RES. 2
7516
CORIANDER
JAN 5435 5626 5310 5626 3.99 9580
INTRADAY
LEVELS
SUPPORT SUPP.1
5415
SUPP. 2
5204
PIVOT
5520
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
5731
RES. 2
5836
GUARGUM 5MT
JAN 8393 8454 8300 8428 0.58 19845
INTRADAY
LEVELS
SUPPORT SUPP.1
8334
SUPP. 2
8240
PIVOT
8394
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8488
RES. 2
8548
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 4458 4495 -0.82
Chana 3980 4114 -3.26
Coriander 5341 5335 0.11
Guargum5MT 8260 8411 -1.80
Jeera 21810 21760 0.23
Musterseed 3997 3967 0.76
Soybean 3009 3007 0.07
Turmeric 7436 7384 0.70
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
20-12-2017 1667.00 34.00 2.08%
V 797 KAPAS 30-04-2018 1000.00 8.00 0.81%
TURMERIC 20-04-2018 7436.00 52.00 0.70%
BARLEY 19-01-2018 1497.50 10.00 0.67%
GUAR SEED 10 MT 20-12-2017 3800.00 22.00 0.58%
WHEAT 19-01-2018 1670.00 6.00 0.36%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
- - - - -
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 India will resist any interim prohibition on fisheries subsidies at the World
Trade Organization's ongoing eleventh ministerial summit here, as the country
feels time is not ripe to suddenly cut support to its fish workers, said an official
aware of the development. Instead, the country is likely to push for a solution
that can be implemented after two years when the twelfth ministerial
conference (MC12) takes place, the person said. "We are resisting any interim
solution in fisheries and would like an outcome after MC12 as the time is not
ripe for an outcome now," the official said. As per the first draft of the
ministerial declaration on fisheries that has been circulated, countries have
been asked to eliminate certain forms of fisheries subsidies that contribute to
overcapacity and overfishing, besides those which contribute to illegal,
unreported and unregulated (IUU) fishing, by 2020. It also proposes an
agreement on comprehensive and effective disciplines on prohibiting fish
subsidies by the next ministerial conference in 2019.
 The government needs to accord top priority to agriculture in the budget as
a major shortfall in kharif production resulted in sluggish growth of farm
sector in the second quarter this fiscal, Assocham said today. While the year-
to-year agriculture GVA (Gross Value Addition) growth for the July-September
quarter of 2017-18 dropped to 1.7 per cent from 4.1 per cent, measured on
basic prices, the fall looks quite sharp at current prices from 10 per cent to 3.7
per cent. It is attributed to a decline in food grains production by 2.8 per cent
in second quarter of the current fiscal from a handsome growth of 10.7 per
cent in the similar period of 2016-17. The chamber observed that the shortfall
in the second leg of the monsoon seems to have impacted the Kharif
production. "Besides, distress in prices of several agri-commodities would
have also played a role in lower realisations as seen in the growth
deceleration on the current prices," it said.
 Soybean futures traded marginally lower on NCDEX, as speculators
locked in their prevailing profits amid easing demand in spot markets.
However, higher incentives for oil meal export have restricted further
losses. The contract for December delivery was trading at Rs 3002.00,
slipped by 0.17% or Rs 5.00 from its previous closing of Rs 3007.00. The
open interest of the contract stood at 19390 lots. The contract for January
delivery was trading at Rs 3057.00, down by 0.03% or Rs 1.00 from its
previous closing of Rs 3058.00. The open interest of the contract stood at
266720 lots on NCDEX.
 Coriander futures edged lower on NCDEX as participants cut down their
bets, tracking weak demand in the spot market. Further, higher supplies
from major growing regions also influenced coriander futures. The
contract for December delivery was trading at Rs 5280.00, down by 1.03%
or Rs 55.00 from its previous closing of Rs 5335.00. The open interest of
the contract stood at 990 lots. The contract for January delivery was
trading at Rs 5345.00, down by 1.2% or Rs 65.00 from its previous closing
of Rs 5410.00. The open interest of the contract stood at 42110 lots on
NCDEX.
 Jeera futures traded lower on NCDEX, as market players locked in their
current profits and on increased supplies from growing belts amid ample
stock position. Strong demand of the spice commodity in domestic and
overseas market trimmed further loss. The contract for December delivery
was trading at Rs 21750.00, dipped by 0.05% or Rs 10.00 from its previous
closing of Rs 21760.00. The open interest of the contract stood at 3969
lots. The contract for January delivery was trading at Rs 21800.00, down
by 0.3% or Rs 65.00 from its previous closing of Rs 21865.00. The open
interest of the contract stood at 9351 lots on NCDEX.
Commodities In News
Agri Commodity Update

5. BUY CORIANDER DEC ABOVE 5650 TARGET 5680 5720 5770 SL BELOW 5600 BUY TURMERIC APR ABOVE 7460 TARGET 7490 7520 7570 SL BELOW 7410
SELL GUARGUM5 DEC BELOW 8290 TARGET 8260 8220 8170 SL 8340
Technical Outlook
Agri Commodity Update

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