Turmeric and coriander prices fell slightly over the past month. Guargum prices rose slightly. The report provides support and resistance levels for intraday trading. Onion production is estimated to decline this year due to lower acreage. Coffee and tur exports increased due to higher production and lower prices. The government extended the minimum export price for onions and will sell excess tur dal stocks in malls and supermarkets.

1. 03-January-2018
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 7800 7868 7658 7700 -1.18 1855
INTRADAY
LEVELS
SUPPORT SUPP.1
7616
SUPP. 2
7532
PIVOT
7742
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7826
RES. 2
7952
CORIANDER
JAN 5544 5620 5481 5521 0.09 6650
INTRADAY
LEVELS
SUPPORT SUPP.1
5461
SUPP. 2
5401
PIVOT
5540
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
5600
RES. 2
5679
GUARGUM 5MT
JAN 9019 9099 8994 9040 0.50 10935
INTRADAY
LEVELS
SUPPORT SUPP.1
8989
SUPP. 2
8939
PIVOT
9044
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
9094
RES. 2
9149
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 4317 4347 -0.69
Chana 3959 3945 0.35
Coriander 5521 5516 0.09
Guargum5MT 9040 8995 0.5
Jeera 21475 21575 -0.46
Musterseed 3944 3938 0.15
Soybean 3079 3072 0.23
Turmeric 7700 7792 -1.18
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
WHEAT 19-01-2018 1660.00 7.00 0.42%
GUAR SEED 10 MT 19-01-2018 4125.00 15.00 0.36%
SOY BEAN 19-01-2018 3079.00 9.00 0.29%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 20-04-2018 7700.00 -100.00 -1.28%
CORIANDER 19-01-2018 5521.00 -23.00 -0.41%
BARLEY 20-04-2018 1515.00 -5.00 -0.33%
JEERA 19-01-2018 21475.00 -50.00 -0.23%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 India has extended by six months an exemption to its policy for crop
cargoes to be fumigated with methyl bromide, a gas once widely used as a
pesticide but now banned or restricted in most parts of the world, two
government officials said. The country's plant quarantine authority had earlier
said that after Dec. 31 India would only accept cargoes fumigated for pests
with methyl bromide at the country of origin, threatening to disrupt supplies
of pulses from Canada and wheat from Europe and the Black Sea region. India
is the biggest importer of pulses, protein-rich crops that include peas and
lentils. For the first half of the year India will accept cargoes not fumigated
with methyl bromide in the country of origin, said one of the officials,
speaking on condition of anonymity because he is not authorised to speak to
the media. For the first half of the year India will accept cargoes not fumigated
with methyl bromide in the country of origin, said one of the officials,
speaking on condition of anonymity because he is not authorised to speak to
the media.
 The country's onion production is estimated to decline by 4.5 per cent to
21.4 million tonnes in the current 2017-18 crop year due to lower acreage, as
per the agriculture ministry data released today. The country had harvested
22.4 million tonnes in the last 2016-17 crop year (July-June), the ministry said
in a statement. As per the ministry's first advance estimate, area sown to
onion remained lower at 1.19 million hectare in the current year as against
1.30 million hectare in the last year. To ensure sufficient domestic supplies
and curb price rise, the government has imposed the minimum export price
(MEP) of USD 850 per tonne, which would be applicable on shipments of the
commodity till January 20. Among other key vegetables, production of tomato
and potato are likely to be better than last year. As per the initial data, potato
production is estimated at 49.3 million tonnes in 2017-18 compared to the
actual output of 48.6 million tonnes in 2016-17.
 India exported 0.38 million tonnes of Coffee worth $958.80 million in
2017, advanced 8% in quantity terms and up 17% in value terms, latest data
from Coffee Board showed. Re-exports, however, dropped to 64,888
million tonnes in 2017 from 79,034 million tonnes in 2016. The Coffee
Exporters Association said that the increase in Coffee exports was mainly
due to Robusta export, which sees a major jump. Production was also good
during the year for Robusta. As the crop was higher, which lead the
exporters to reduce the prices to $100 premium, over the London terminal,
from $300 premium. A combination of price reduction and good quality of
coffee are the key reasons for the increase in volume, the association said.
 With Onion prices continue to be high, the government has extended the
minimum export price (MEP) of USD 850 per tonne on shipments of the
commodity till January 20. In November, the government had imposed
MEP to increase domestic supplies and check rising prices. MEP, which is
the benchmark price below which no shipments can take place, was
applicable till December 31. "Export of all varieties of Onions will be
allowed only on letter of credit subject to a minimum export price of USD
850 per tonne till January 20 this year," the Directorate General of Foreign
Trade (DGFT) has said in a notification.
 Faced with an overabundance of Tur daal and few takers, the State
government has decided to sell stock left with it in malls and supermarkets.
The government had purchased 25.25 lakh quintal of Tur from farmers at a
minimum support price ( MSP) of Rs 5,000 per quintal to help farmers deal
with a bumper Tur crop and resultant drop in the price in 2017. In all, the
government spent Rs. 1,600 crore on buying Tur. However, not much of
this stock is expected to be sold at National Agricultural Cooperative
Marketing Federation (NAFED) centres and other designated outlets.
Commodities In News
Agri Commodity Update

5. BUY CORIANDER DEC ABOVE 5580 TARGET 5610 5650 5700 SL BELOW 5530 BUY TURMERIC APR ABOVE 7760 TARGET 7790 7830 7880 SL BELOW 7710
SELL GUARGUM5 DEC BELOW 9000 TARGET 8970 8930 8880 SL 9050
Technical Outlook
Agri Commodity Update

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