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Daily Agri Commodity Update and Market Views
1. 01-February-2018
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Agri Commodity Update
2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 7200 7290 7126 7228 0.58 3210
INTRADAY
LEVELS
SUPPORT SUPP.1
7139
SUPP. 2
7050
PIVOT
7214
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7303
RES. 2
7378
CORIANDER
APR 5755 5970 5750 5965 3.61 8730
INTRADAY
LEVELS
SUPPORT SUPP.1
5706
SUPP. 2
5662
PIVOT
5778
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
5822
RES. 2
5894
GUARGUM 5MT
FEB 10010 10054 9922 9940 -0.12 32510
INTRADAY
LEVELS
SUPPORT SUPP.1
9890
SUPP. 2
9840
PIVOT
9972
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
10022
RES. 2
10104
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 4258 4322 -1.48
Chana 3849 3789 1.58
Coriander 5965 5757 3.61
Guargum5MT 9940 9952 -0.12
Jeera 16505 16335 1.04
Musterseed 4136 4159 -0.55
Soybean 3678 3713 -0.94
Turmeric 7228 7186 0.58
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 20-04-2018 5965.00 215.00 3.74%
JEERA 20-03-2018 16505.00 160.00 0.98%
TURMERIC 20-04-2018 7228.00 34.00 0.47%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
GUAR SEED 10 MT 20-02-2018 4595.50 -64.50 -1.38%
SOY BEAN 20-02-2018 3678.00 -30.00 -0.81%
RAPESEED-MUSTARD
SEED
20-04-2018 4136.00 -24.00 -0.58%
V 797 KAPAS 30-04-2018 981.00 -4.50 -0.46%
Most Active Contract
Agri Commodity Update
4. ECONOMIC NEWS
Minister of State for Civil Aviation Jayant Sinha stressed the importance of
following frugal development model for India rather than farm-to-factory
model. He was speaking at 12th Lakshmanrao Bhide Memorial Lecture on
"Asia-Africa Growth Corridor and Blue Economy" organised by Vishwa Adhyan
Kendra and Keshav Srushti in association with Regional Passport Office (RPO),
Mumbai and Indian Council for Cultural Relations (ICCR) at Videsh Bhavan
Auditorium, Bandra Kurla Complex, Mumbai. He said, "There are three key
factors which make a frugal development work. One is mass is mass services.
Second is entrepreneurial capitalist. And third is universal social security." He
said these three pillars would be crucial in speeding up development in India.
He said," We cannot completely depend on mass manufacturing products
such as cars, clothes, leather goods. Even our labour intensive factor would
not work. China has done a wonderful job as regards manufacturing.
The Marine Products Export Development Authority (MPEDA) has tied with
a Swiss firm to develop organic aqua farming to help meet the growing
demand for organic seafood from Europe. A Jayathilak, Chairman, MPEDA,
today signed an agreement in this regard with Gerhard Zurlutter, Member of
Management, Coop Cooperative. Under the project, MPEDA will assist in
identifying entrepreneurs and provide them with technical advice on
producing high-quality organic shrimps that meet national and international
certification protocols. Coop, which currently has nearly 2,200 sales outlets
throughout Switzerland and wholesale/production business active across
Europe, has offered to procure the processed organic shrimps at a premium of
up to 15 per cent and with an additional 5 per cent through financing for
development activities, including training. "The reason why many farmers are
hesitant to get into organic farming is the increased costs involved.
Due to increasing arrival of Onion from different parts of the
Maharashtra, price has fallen by 23 percent in four days to Rs 21.50 per kg
and its expected to stay under pressure even as shipments to overseas
markets remain muted due to high minimum export price (MEP). Onion
arrivals have shot up nearly threefold to 39,844 quintals on Monday from
13,253 quintals on January 1. In other Onion growing states such as
Karnataka and Madhya Pradesh too, prices are on the decline, having fallen
about Rs 10 per kg over the past one month.
It is estimated that Potato production in Bengal will be marginally lower
by 9 percent in 2018 down from last year’s bumper harvest of 110 lakh
tonnes (lt) and is unlikely to have an impact on prices, as it will be offset by
carry over stock of close to 9 lt from last year which will be available in the
market till mid February. Potato cultivation in Bengal is spread across close
to 4.6 lakh hectares of land. The area under cultivation is likely to be lower
by five per cent (or around 4.4 lakh hectares) this season. There has been a
dip in area under cultivation of Potato this year as farmers were
disincentivised by unremunerative prices last year.
Basmati Rice exports from India is set to rise as Iran, the largest buyer of
India’s aromatic Rice, recommences imports. In recent years, Iran has been
placing temporary curbs on Rice imports during the July-January period,
mainly to protect its domestic paddy growers and support local prices
during the harvest season. Iran accounts for a fourth of India’s annual
aromatic Rice shipments of around four million tonnes. “Based on the
current export trend, we expect basmati shipments to be higher than last
year,” said a senior official at APEDA (Agricultural and Processed Food
Products Export Development Authority).
Commodities In News
Agri Commodity Update
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Daily Agri Update