Daily agri report 06 july 2018 by epic research

1. 06-Jul-2018
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
JUN 7126 7224 7102 7184 -0.36 1855
INTRADAY
LEVELS
SUPPORT SUPP. 1
7116
SUPP. 2
7048
PIVOT
7170
Turmeric short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7238
RES. 2
7292
CORIANDER
JUN 4785 4827 4750 4781 -0.31 3910
INTRADAY
LEVELS
SUPPORT SUPP.1
4745
SUPP. 2
4709
PIVOT
4786
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4822
RES. 2
4863
GUARGUM 5MT
JUN 8158 8504 8158 8177 4.00 14755
INTRADAY
LEVELS
SUPPORT SUPP. 1
8055
SUPP. 2
7934
PIVOT
8280
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8401
RES. 2
8626
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 4326 4285 0.96
Chana 3702 3620 2.27
Coriander 4766 4781 -0.31
Guargum5MT 8880 8785 1.08
Jeera 18850 18610 1.29
Musterseed 4073 4015 1.44
Soybean 3543 3528 0.43
Turmeric 7158 7184 -0.36
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
GUAR GUM 5 MT 20-07-2018 8504 327 4.00%
GUAR SEED 10 MT 20-07-2018 4015.5 129.5 3.33%
COTTON SEED OIL CAKE
AKOLA
20-07-2018 1583.5 39.5 2.56%
CHANA 20-07-2018 3706 86 2.38%
JEERA 20-07-2018 18900 290 1.56%
CASTOR SEED 20-07-2018 4328 43 1.00%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
BARLEY 20-07-2018 1470 -8.5 -0.57%
MAIZE -
FEED/INDUSTRIAL GRADE
20-07-2018 1166 -5 -0.43%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
Technically Jeera market is under fresh buying as market has witnessed gain
in open interest by 6.11% to settled at 3645 while prices up 250 rupees.Now
NCDEX Jeera is getting support at 18480 and below same could see a test of
18230 level, And resistance is now likely to be seen at 18910, a move above
could see prices testing 19090.Jeera on NCDEX settled up by 1.35% at 18725
amid good export demand amid limited supplies. Further, expectation of strong
overseas demand on supply uncertainties in other producing nations owing to
geo-political turmoil in Syria.Global demand for Indian jeera has firmed up as
Syria and Turkey crop will arrive only around July. Mandi sources maintained
that export enquiries have been good as India is the only jeera supplier to the
world market currently.Jeera output is expected to be bumper and supplies are
likely to increase in the coming days. The Federation of Indian Spices
Stakeholders (FISS) - projected India's 2017-18 jeera output at 6.92 million
bags up 19% on year on the back of higher acreage and favourable weather.
Cotton and oilseeds are likely to take over a significant part of pulses’ acreage
this kharif season due to a sharp increase in their minimum support price (MSP)
for the current season coupled with better price realisation last year. As against
the MSP of Rs 5,400 a quintal for 2017-18 kharif season, average urad price
stood at Rs 4,720 a quintal for May 2017, which steadily declined further to
stabilise at Rs 3018.5 a quintal towards the beginning of the current sowing
season in May 2018. Similarly, arhar and moong also traded substantially
below the MSP throughout 2017-18 season.By contrast, however, soybean and
cotton prices traded substantially higher than their respective MSPs, barring a
couple of occasions when they slipped marginally below the government’s
threshold price. Encouraged by the government’s timely interventions, spot
prices of cotton and soybean along with other oilseeds moved higher. “Sowing
area and production of pulses are set to contract this kharif season due to lower
realisation yielded by farmers last year.
 Cardamom settled up by 0.77% at 1026 tracking firmness in spot
demand despite of reports of bumper output on the back of favourable
weather amid poor stocks of quality goods.There has been raining in the
producing centres of Kerala and present weather is conducive to the coming
crop. Spice Board cut the number auctions due to falling arrivals at the
auction centres.Producing centres of Kerala are getting good rains and
monsoon is also expected to hit Kerala coast three days before schedule.
India exported 4,180 ton cardamom valued at Rs 4.56 billion during April-
December 2017, data from Spices Board showed.Cardamom will be
auctioned once every day at e-auction centres in different part of country .
Turmeric on NCDEX settled up by 1.64% at 7210 amid good physical
demand from spot markets. Prices also seen supported after government
approves MSP for kharif crops 2018-19. Besides, diminishing arrivals from
growing regions amid minimal stock have also supported the prices.At
Erode market, estimated market supply was at 4000 bags, up by 2000 bags
from previous day’s arrivals. At Warangal market, total arrivals are at 2000
bags, down by 500 bags from previous trading day.
Mustard Seed on NCDEX settled down by 0.42% at 4058 on profit
booking after prices gained on anticipation of improved meal and crushing
demand. Mustard oil mills across the country crushed 650,000 tn of the
oilseed in June, down 27% from previous month as per data release by
Mustard Oil Producers Association of India.According to SEA latest export
report, mustard meal exports during first 5 months of 2018 is higher by
164% on year due to higher demand from South Korea. Exports are 209%
higher at 6.64 lt for the FY 2017/18 compared to previous year’s export
volume of 2.14 lt.Mustard procurement in Madhya Pradesh has come to an
end with the state government having bought a total of 119,291 tn of the
oilseed at minimum support price under the Krishak Samruddhi Yojana.
Commodities In News
Agri Commodity Update

5. SELL CORIANDER JUL BELOW 4750 TARGET 4730/4710/4690 SL 4780 SELL TURMERIC JUL BELOW 7100 TARGET 7070/7040/7010 SL 7140
BUY GUARGUM5 JUL ABOVE 8540 TARGET 8580/8620/8660 SL 8490
Technical Outlook
Agri Commodity Update

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Daily Agri Update