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1. 30-Aug-2018
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
AUG 6750 6866 6730 6800 -0.15 2005
INTRADAY
LEVELS
SUPPORT SUPP. 1
6731
SUPP. 2
6662
PIVOT
6798
Turmeric short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
6867
RES. 2
6934
CORIANDER
AUG 4626 4643 4561 4615 -0.13 7440
INTRADAY
LEVELS
SUPPORT SUPP.1
4569
SUPP. 2
4524
PIVOT
4606
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4651
RES. 2
4688
GUARGUM 5MT
AUG 8888 9059 8780 8915 1.35 31640
INTRADAY
LEVELS
SUPPORT SUPP. 1
8777
SUPP. 2
8639
PIVOT
8918
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
9056
RES. 2
9197
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 4593 4604 -0.24
Chana 3913 3967 -1.36
Coriander 4609 4615 -0.13
Guargum5MT 8880 8785 1.08
Jeera 19340 19165 0.91
Musterseed 3955 4000 -1.13
Soybean 3190 3182 0.25
Turmeric 6790 6800 -0.15
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
MAIZE -
FEED/INDUSTRIAL GRADE
19-09-2018 1365.00 14.00 1.04%
GUAR GUM 5 MT 16-10-2018 9005.00 90.00 1.01%
GUAR SEED 10 MT 16-10-2018 4197.00 21.50 0.51%
WHEAT 19-09-2018 1996.00 7.00 0.35%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
19-09-2018 1628.00 -31.50 -1.90%
CHANA 19-09-2018 3911.00 -56.00 -1.41%
RAPESEED-MUSTARD
SEED
19-09-2018 3963.00 -37.00 -0.93%
REF SOYA OIL 19-09-2018 728.00 -2.70 -0.37%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 The Maharashtra government plans to soon sign a memorandum of
understanding (MoU) with Bengaluru’s Indian Institute of Science (IISc) to use
drone technology developed by its aerospace engineers for estimating area,
yield and health of soyabean and cotton. Although India is among the top
producers of several agricultural commodities, it continues to have grossly
inaccurate production estimates. Maharashtra, the second largest producer of
cotton, soyabean and sugarcane in the country, has often missed its production
and yield estimates. Accurate data is also required to compensate farmers for
crop losses caused by natural calamities and for settlement of insurance
claims. In the case of sugarcane, production estimates have gone wrong time
and again. Despite use of satellites, the sugar industry estimated 2017-18 sugar
production at 251 lakh tonnes while the actual production was 28.5% higher at
322.5 lakh tonnes. In the absence of reliable government data, vested interests
are known to manipulate production and storage estimates of commodities such
as cotton, soyabean and pulses. While the central government set up the
Mahalanobis National Crop Forecast Centre in 2012 to use state of the art
technologies developed by the Isro, accurate data continues to be elusive.
 The Maharashtra government's revised farm loan waiver norms, which will
increase the number of beneficiaries, will cost the state an additional Rs 500
crore, an official said today. The state government has already spent Rs 15,882
crore for the implementation of its 'Chhatrapati Shivaji Maharaj Shetkari
Sanman Yojana', designed for crop loan waiver, which was announced in June
last year. The government had then pegged the total loan waiver amount at
around Rs 34,000 crore. Around 58 lakh farmers are currently covered under
the scheme, the state government said during the Maharashtra Assembly's
monsoon session held last month.
 Production and exports of Palm Oil from Indonesia, the world’s largest
producer of the vegetable oil, rose in July from a month earlier, said a
Reuters survey of two industry groups and a state palm oil research firm.
Palm oil production is expected to have reached 3.897 million tonnes in
July from 3.45 million tonnes in June, according to the survey. Exports of
palm oil, widely used in variety of food and cleaning products, rose to
2.887 million tonnes from 2.48 million tonnes in June, the survey showed.
Survey respondents said they see healthy overseas demand for palm last
month, such as from top buyer India.
 Soybean production in India is set to jump about 20% to over 10 million
tonnes in the 2018/2019 crop year that starts in October, industry body
Solvent Extractors' Association of India (SEA) said. Higher production in
the world's top importer of edible oils could curb its appetite for cargoes
from overseas, potentially dragging on international soybean prices. "(We
are) looking at higher acreage and satisfactory rain so far in major soybean
growing areas such as Madhya Pradesh and Maharashtra," a top official of
Solvent Extractors' Association of India (SEA) said. "The initial estimate
(for 2018/19) is 10-plus million metric tonnes," the official said. India
would likely churn out 8.3 million tonnes of soybeans in the 2017/2018
crop year that ends on September 30, the association said.
 India's Cotton production is likely to decline by 3-4 per cent this year to
about 350 lakh bales following deficit rainfall, decline in acreage and the
outbreak of the pink bollworm infestation on crops, the Cotton Association
of India (CAI) said in a report. “Major cotton growing States are facing
issues, including deficit rainfall and shifting away from cotton to other
crops, resulting in a decline in acreage and the outbreak of the pink
bollworm infestation. This is likely to affect cotton production by 3-4 per
cent this year to 350 lakh bales,” CAI said.
Commodities In News
Agri Commodity Update

5. SELL CORIANDER SEP BELOW 4560 TARGET 4540/4520/4500 SL 4690 BUY TURMERIC SEP ABOVE 6850 TARGET 6880/6910/6940 SL 6810
BUY GUARGUM5 OCT ABOVE 9100 TARGET 9140/9180/9220 SL 9050
Technical Outlook
Agri Commodity Update

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Daily Agri Update