This document provides an agri commodity market update for the month. It includes: - Opening, high, low and closing prices and volume for various commodities. - Support and resistance levels for intraday trading. - Analysis indicating short term bearish trends for some commodities. - Economic news on topics like floriculture exports, crop insurance scheme updates, advice to farmers on sesame sowing, and rice/pepper export figures. - Technical trading recommendations to buy or sell specific commodities.

1. 22-February-2018
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 6886 7070 6886 6994 0.63 2490
INTRADAY
LEVELS
SUPPORT SUPP.1
6896
SUPP. 2
6799
PIVOT
6983
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7080
RES. 2
7167
CORIANDER
APR 5400 5594 5382 5575 2.63 4540
INTRADAY
LEVELS
SUPPORT SUPP.1
5440
SUPP. 2
5305
PIVOT
5517
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
5652
RES. 2
5729
GUARGUM 5MT
MAR 9522 9670 9468 9620 0.82 24200
INTRADAY
LEVELS
SUPPORT SUPP.1
9502
SUPP. 2
9384
PIVOT
9586
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
9704
RES. 2
9788
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 4230 4194 0.86
Chana 3888 3963 -1.89
Coriander 5575 5432 2.63
Guargum5MT 9620 9542 0.82
Jeera 15690 15360 2.15
Musterseed 4137 4170 -0.79
Soybean 3771 3806 -0.92
Turmeric 6994 6950 0.63
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 20-04-2018 5575.00 153.00 2.82%
JEERA 20-03-2018 15690.00 295.00 1.92%
TURMERIC 20-04-2018 6994.00 30.00 0.43%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
WHEAT 20-03-2018 1775.00 -20.00 -1.11%
COTTON SEED OIL CAKE
AKOLA
20-03-2018 1629.50 -17.50 -1.06%
SOY BEAN 20-03-2018 3771.00 -38.00 -1.00%
RAPESEED-MUSTARD
SEED
20-04-2018 4137.00 -38.00 -0.91%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 Commercial floriculture exports are growing at 20% per annum, despite
hurdles like currency fluctuations, the industry has demanded reduction in GST
on greenhouse materials from 18% to 12%. The 13th International Flora Expo
2018 will be held from 23-25 February at Pimpri near Pune. According g to
industry leaders floriculture promises to be a Sunrise industry with Good
growth prospects for Exports, Innovations and Employment. There could never
a better time to stay invested in floriculture than now as this industry is geared
for an all-round boost in terms of healthy exports, innovations and most
importantly employment generation. S Jafar Naqvi, President, iFlora (Indian
Flowers and Ornamental Plants Welfare Association) said, “The Domestic
flower trade has seen a huge upswing both in terms of volumes and value over
the past decade, owing to cultural and seasonal factors, floriculture has turned
into one of the vital commercial trades in Agriculture.
 The government today said a professional team will be put in place by next
month to fast- track the implementation of Pradhan Mantri Fasal Bima Yojana
(PMFBY) and increase the coverage under the scheme to 50 per cent of the
gross cropped area in 2018-19. To address various gaps in PMFBY, the
agriculture ministry has modified the guidelines which would be released next
fortnight. The current portal has also been upgraded with new features, it
added. PMFBY was launched in 2016 under which farmers pay very nominal
premium and get full claim for damages. The scheme is being implemented in
25 states. "There has been good response to the scheme. The coverage has
increased. But there is more to be done. Efforts are being made to ensure more
farmers take benefit of the scheme," Minister of State for Agriculture Gajendra
Singh Shekhawat said at a Ficci-organised event here. So far, 30 per cent of the
cropped area has been insured but the target is to achieve 50 per cent next year,
he said while urging states to cooperate in this endeavour.
 Tamil Nadu Agricultural University has advised farmers to take up
sowing of Sesame in large scale. Researchers at the Centre for Agricultural
and Rural Development Studies (CARDS), and Tamil Nadu Agricultural
University after analysing the price movement said that succeeding season
would be favorable for sowing Sesame. During the last season, the area
under Sesame was less compared to the normal area owing to
delayed/extended monsoon but the demand for Sesame swelled. About 65
per cent of the annual Sesame crop is processed into edible oil and 35 per
cent used in confectionaries.
 India's non-basmati Rice exports during the first nine months of the
current fiscal have registered a growth of 40% in volumes at 6.338 million
tonnes and 46% increase in value terms at Rs 16,803 crore over
corresponding period last year thanks to strong demand from neighbours
Bangladesh and Sri Lanka, and steady off-take from traditional buyers in
Africa. Besides, the depleted stock levels in Thailand - a major exporter -
has helped India gain and consolidate its share in the global market, trade
sources said. Non-basmati Rice shipments, after reaching a record 8.274
million tonnes in 2014-15, had dropped in the subsequent year to around
6.464 million tonnes. However, over the past couple of years, the Indian
shipments have staged a rebound.
 The Consortium of Pepper Growers Organisation, Karnataka, Kerala and
Tamil Nadu has urged the government to levy 54% duty on imports from
Sri Lanka under SAFTA and scrap the Indo-Sri Lankan Free Trade
Agreement quantity of 2,500 tonnes. “Pepper production in Sri Lanka has
increased substantially from the days of implementation of these trade
agreements and other origin Pepper is entering the country with Certificate
of Origin issued by Sri Lankan authorities,” the Consortium said. Data from
various ports (Cochin Sea Port, Mundra Sea Port, Nava Sheva Sea Port,
Chennai Sea Port and Bangalore ICD as well as Tughlakabad ICD) show a
total of 2,212 tonnes of Pepper have been imported in January.
Commodities In News
Agri Commodity Update

5. BUY CORIANDER APR ABOVE 5600 TARGET 5630 5670 5720 SL BELOW
5550
BUY TURMERIC APR ABOVE 7040 TARGET 7070 7110 7160 SL BELOW 6990
SELL GUARGUM5 FEB BELOW 9570 TARGET 9540 9500 9450 SL 9820
Technical Outlook
Agri Commodity Update

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Daily Agri Update