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Daily agri commodity report by epic research limited of 24 jan 2018
1. 24-January-2018
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Agri Commodity Update
2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 7312 7450 7312 7404 1.12 2705
INTRADAY
LEVELS
SUPPORT SUPP.1
7327
SUPP. 2
7250
PIVOT
7388
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7465
RES. 2
7526
CORIANDER
APR 5820 6021 5820 5925 1.33 5780
INTRADAY
LEVELS
SUPPORT SUPP.1
5823
SUPP. 2
5721
PIVOT
5922
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
6024
RES. 2
6123
GUARGUM 5MT
FEB 9650 9949 9634 9700 1.18 50000
INTRADAY
LEVELS
SUPPORT SUPP.1
9573
SUPP. 2
9446
PIVOT
9761
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
9888
RES. 2
10076
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 4120 4040 1.98
Chana 3853 3721 0.86
Coriander 5925 5847 1.33
Guargum5MT 9700 9587 1.18
Jeera 16445 16545 -0.60
Musterseed 4083 4071 0.29
Soybean 3539 3499 1.14
Turmeric 7404 7322 1.12
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 20-04-2018 5925.00 110.00 1.89%
GUAR SEED 10 MT 20-02-2018 4482.50 78.00 1.77%
TURMERIC 20-04-2018 7404.00 90.00 1.23%
SOY BEAN 20-02-2018 3539.00 40.00 1.14%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
WHEAT 20-02-2018 1677.00 -9.00 -0.53%
BARLEY 20-04-2018 1500.00 -8.00 -0.53%
JEERA 20-03-2018 16445.00 -80.00 -0.48%
Most Active Contract
Agri Commodity Update
4. ECONOMIC NEWS
Modi apples are here! The popular apple variety from Italy has officially
entered India by appointing IG International as its authorised distributor for
the country. Even as owners of this patented club variety hope to get a strong
footing in India's growing fruit market, the name of the variety has no
connection, whatsoever, with the Indian Prime Minister, Narendra Modi. The
variety was developed by CIV (Consorzio Italiano Vivaisti) --a group of
specialist plant breeders set up in Italy in 2007-- by crossing the popular
Liberty and Gala varieties of apples. According to the company, the variety
was named after the artist Amedeo Modigliani, called "Modi" by his friends,
who became famous for his female portraits with shiny and bright
colours. Tarun Arora, director of IG International, said, "Modi apples are a club
variety and it would be the single largest club variety to be imported into
India. These apples have already become available at the Star Bazar stores and
agricultural markets of metro cities.“
On the eve of a new harvest season, tea planters in Darjeeling Himalayan
region are expecting bright first flush output after peak winter time dormant
period. Credit goes to overall post monsoon and wintertime favorable
weather condition. The hope comes from the fact that including foothills
in Terai, Dooars as well as Darjeeling hills have witnessed spell of deep chill
this winter with minimum temperature going down much below usual level at
many places. "We are expecting favorable output right at the onset of next
season as overall monsoon remained more or less in our favour," said K. K.
Mintri, veteran planter and Chairman Terai Indian Planters
Association. "Beside expected low temperature, we had good Sunshine too
during this winter. Proper Sunshine helps bushes to have higher degree of
photosynthesis and thus better growth of new buds," said Senior Planter
Sujit Seal.
The government's recent move to permit the tyre industry to import
Rubber cup lumps has left Natural Rubber growers worried. Cup lumps are
oxidised Rubber, mostly contaminated with dirt and other extraneous
material, and their import has been prohibited as a phytosanitary measure
by India. The growers alleged that the present move has been mooted by
the industry as a means to further reduce domestic rubber prices.
Confirming the development, sources in the Rubber Board said that the
Centre has constituted a committee to recommend quality standards for
Rubber cup lumps.
Tea planters in Darjeeling Himalayan region are expecting high quality
first flush during new harvest season which comes after peak winter period,
this hope comes from post monsoon and a favorable weather condition
during the winter. During peak winter in December- January, Tea
plantations undergo major maintenance phase with no plucking of leaves.
After this, fresh batch of healthy leaf, known as 'first flush,' starts coming in
heavy quantity from mid February to continue till March end.
The Indian Pepper and Spice Traders, Farmers, Producers and Planters
Consortium (IPSTPC) has urged government to remove Black Pepper from
SAFTA (South Asian Free Trade Area) and ISFTA (Indo-Sri Lanka Free
Trade Agreement) import list in order to save domestic growers. In a
memorandum to the government, IPSTPC claimed that Sri Lankan Pepper
had lost its eligibility for any concession from India ever since its
production rose to over 28,000 tonnes, and with Sri Lankan authorities
allegedly issuing, wrongly, Certificate of Origin to Vietnamese imported
pepper into India via Sri Lanka.
Commodities In News
Agri Commodity Update
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Daily Agri Update