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1. 11-January-2018
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 7512 7550 7382 7550 0.56 3330
INTRADAY
LEVELS
SUPPORT SUPP.1
7438
SUPP. 2
7326
PIVOT
7494
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7606
RES. 2
7662
CORIANDER
JAN 5610 5714 5610 5676 1.79 10860
INTRADAY
LEVELS
SUPPORT SUPP.1
5619
SUPP. 2
5562
PIVOT
5666
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
5723
RES. 2
5770
GUARGUM 5MT
JAN 9498 9695 9498 9620 1.46 7980
INTRADAY
LEVELS
SUPPORT SUPP.1
9513
SUPP. 2
9407
PIVOT
9604
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
9710
RES. 2
9801
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 4074 4014 1.49
Chana 3928 3844 2.19
Coriander 5676 5576 1.79
Guargum5MT 9620 9482 1.46
Jeera 21050 21215 -0.78
Musterseed 3875 3854 0.54
Soybean 3241 3204 1.15
Turmeric 7550 7508 0.56
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
GUAR SEED 10 MT 19-01-2018 4370.00 88.00 2.06%
COTTON SEED OIL CAKE
AKOLA
19-01-2018 1786.50 33.00 1.88%
CORIANDER 19-01-2018 5674.00 98.00 1.76%
SOY BEAN 19-01-2018 3240.00 38.00 1.19%
V 797 KAPAS 30-04-2018 984.00 10.00 1.03%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
JEERA 19-01-2018 21000.00 -285.00 -1.34%
WHEAT 19-01-2018 1652.00 -3.00 -0.18%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 BJP led Assam government on Wednesday started Assam Agribusiness and
Rural Transformation Project (APART), a World Bank funded project. Assam
Chief Minister Sarbananda Sonowal expressed optimism that this project
would be able to uplift the agricultural sector of the state and inspire the
farmers to adopt latest technology to increase production. Reiterating the
state government's commitment to motivate the farmers of the state to make
the shift from single to multi cropping for increasing the farm income, the
chief minister said that this project would be able to fulfil the state's much
larger vision of an agriculture based rural transformation by increasing
productivity, raising private sector investment and create better job
opportunities among others. He also said that this new project would be able
to supplement other state government initiatives like Chief Minister's Samagra
Gramya Unnayan Yojna (CMSGUY), Ease of Doing of Business etc.
 The government is likely to increase the budget allocation for the Pradhan
Mantri Fasal Bima Yojana (PMFBY) to Rs 13,000 crore for 2018-19 from Rs
10,701 crore for the current financial year, sources said. The Union Budget for
2018-19 will be presented on February 1. Under the upgraded crop insurance
scheme PMFBY, launched early 2016, farmers pay very nominal premium and
get full claim for the crop damage. According to sources, the budget allocation
for the PMFBY could go up to Rs 13,000 crore for the next fiscal taking into
account about 10 per cent likely increase in the sum insured. While the
Agriculture Ministry has demanded Rs 11,000 crore budget for the next fiscal
for the flagship scheme, but the ministry is hopeful of getting more funds from
the Finance Ministry considering the importance of the scheme. For the
current fiscal, the government had initially given a budget of Rs 9,000.75 crore
for the PMFBY.
 India’s Rice exports likely jumped 22% in 2017 to a record 12.3 million
tonnes as neighbouring Bangladesh ramped up purchases after flooding hit
its crops, industry officials said. The boost in shipments from the world’s
top exporter of the grain is set to extend into 2018 as Bangladesh and Sri
Lanka continue to buy aggressively amid depleting inventories in No.2
exporter Thailand, the officials said. Bangladesh’s purchases likely lifted
India’s non-basmati Rice exports by 38% in 2017 to 8.4 million tonnes and
total exports to 12.3 million tonnes, the officials said. That would surpass
2014’s record of 11.5 million tonnes.
 Sugar mills in the southern region of India are reeling under low
production and extremely low cane crushing capacity utilisation. While
drought has resulted in low capacity utilisation due to lower cane
availability, the mills are also having to deal with increasing fixed cost and
price falls, which are impacting their financials. According to latest data
from Indian Sugar Mills Association (ISMA), 21 sugar mills in Andhra
Pradesh and Telangana produced 190,000 tonnes of Sugar till December
31, 2017, which is 16,000 tonnes lower than the sugar produced by 25 mills
in 2016-17 SS (sugar season) till December 31, 2016. Sugar season is
October to September.
 Coffee exports from India, the third-largest producer in Asia, is set to fall
this year as unfavourbale weather and pest attacks is likely to lower
production amid slump in the prices, the Coffee Exporters Association said.
The exports may slide about 5% to 2.40 lakh tonne in 2018 calendar year,
the association said. The country had exported 2.53 lakh tonne in last year
after the Coffee Board approved shipments for 3.86 lakh tonne. Normally,
when production is down, prices should be higher. But due to a global
surplus, overall prices are down and that has affected rates in India too, the
association said.
Commodities In News
Agri Commodity Update

5. BUY CORIANDER JAN ABOVE 5720 TARGET 5750 5790 5840 SL ABOVE 5670 BUY TURMERIC APR BELOW 7560 TARGET 7600 7640 7690 SL ABOVE 7510
BUY GUARGUM5 JAN ABOVE 9700 TARGET 9730 9770 9820 SL 9650
Technical Outlook
Agri Commodity Update

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