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Daily agri commodity report by epic research limited of 11 august 2017
1. 11-August-2017
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Agri Commodity Update
2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
AUG 7380 7456 7268 7338 -0.81 4790
INTRADAY
LEVELS
SUPPORT SUPP.1
7252
SUPP. 2
7166
PIVOT
7354
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7440
RES. 2
7542
CORIANDER
AUG 4579 4612 4492 4532 -0.70 6720
INTRADAY
LEVELS
SUPPORT SUPP.1
4478
SUPP. 2
4425
PIVOT
4545
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4598
RES. 2
4665
GUARGUM 5MT
AUG 8002 8189 7841 7887 -2.29 33050
INTRADAY
LEVELS
SUPPORT SUPP.1
7755
SUPP. 2
7624
PIVOT
7972
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8103
RES. 2
8320
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 4507 4616 -2.36
Chana - - -
Coriander 4532 4564 -0.70
Guargum5MT 7887 8072 -2.29
Jeera 18845 19015 -0.89
Musterseed 3662 3664 -0.05
Soybean 2959 2947 0.41
Turmeric 7334 7394 -0.06
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
MAIZE -
FEED/INDUSTRIAL GRADE
18-08-2017 1309.00 14.00 1.08%
WHEAT 18-08-2017 1635.00 9.00 0.55%
SOY BEAN 18-08-2017 2960.00 16.00 0.54%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
V 797 KAPAS 30-04-2018 883.50 -11.50 -1.28%
REF SOYA OIL 18-08-2017 638.05 -0.95 -0.15%
CORIANDER 18-08-2017 4567.00 -5.00 -0.11%
RAPESEED-MUSTARD
SEED
18-08-2017 3659.00 -4.00 -0.11%
Most Active Contract
Agri Commodity Update
4. ECONOMIC NEWS
The government is in no hurry to introduce genetically modified food crops
in the country, three months after the sector regulator gave its nod to
commercialisation of GM mustard, because of widespread opposition from
different quarters. The government has decided to examine all objections
raised by scientists and farmers before taking a decision on genetically
engineered (GE) mustard, environment minister Harsh Vardhan has said.
“Pursuant to recommendation of GE mustard by GEAC (Genetic Engineering
Appraisal Committee), several representations and concerns have been raised
by a wide range of stakeholders including scientists, policymakers, farmers
and NGOs,” Vardhan told ET. “The issues raised are manifold, like long-term
health and environmental impact, herbicide tolerance, loss to honey bees and
pollinators, outperformance of native varieties, no enhancement in yields, etc.
All these issues are under examination,” he said. GEAC, India’s regulator for
transgenic products, had given a green signal to GM mustard in early May,
paving way for introduction of genetically modified food crops.
It was time for a nutrition revolution in India and it is important to work to
achieve that to end malnutrition, renowned agriculture scientist Prof M S
Swaminathan said here today. Stating that India was a country with the
largest number of people with malnutirition in the world, he said this was
despite adequate food production and availability of cereals. "This is a
nutrition engima," he said and added that this called for a multi-sectoral
approach involving areas including agriculture, health and rural development
to ensure nutrition for people across the social spectrum. In his concluding
remarks at the three-day conference on 'Farming System for Nutrition,' held
by M S Swaminathan Research Foundation here, he spoke of studies
reiterating that malnourishment affected the intellectual growth of children.
Turmeric futures showed mixed trend on NCDEX as the August
contracts traded higher on improving demand from upcountry buyers at
the spot market, while September contracts traded lower on adequate
stock position following increased supplies from the producing regions.
The contract for August delivery was trading at Rs 7398.00, up by 0.05% or
Rs 4.00 from its previous closing of Rs 7394.00. The open interest of the
contract stood at 3320 lots. The contract for September delivery was
trading at Rs 7470.00, down by 0.03% or Rs 2.00 from its previous closing
of Rs 7472.00. The open interest of the contract stood at 14240 lots on
NCDEX.
Jeera futures edged higher on NCDEX on rising domestic as well as
export demand at the spot market. Moreover, reports of lower arrivals in
Gujarat on expectation of damage to stored jeera due to heavy rains too
fuelled the uptrend. The contract for August delivery was trading at Rs
19090.00, up by 0.39% or Rs 75.00 from its previous closing of Rs
19015.00. The open interest of the contract stood at 2601 lots. The
contract for September delivery was trading at Rs 19495.00, up by 0.54%
or Rs 105.00 from its previous closing of Rs 19390.00. The open interest of
the contract stood at 13440 lots on NCDEX.
Soyabean futures traded marginally higher on NCDEX as speculators
enlarged their positions due to lower acreage and dry conditions in
soybean growing areas of Madhya Pradesh. However, weak demand from
the industrial buyers along with higher stock levels in the country, capped
some gains. The contract for August delivery was trading at Rs 2965.00, up
by 0.61% or Rs 18.00 from its previous closing of Rs 2947.00. The open
interest of the contract stood at 23020 lots.
Commodities In News
Agri Commodity Update
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Daily Agri Update
Lovelesh
Sharma
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Sharma
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o=Personal
Reason: I am the author of this
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Date: 2017-08-10 21:09+05:30