The daily agri commodity report summarizes market trends for turmeric, coriander, guargum and other commodities. Turmeric and soybean futures traded lower due to weak global markets and higher inventories. Coriander futures traded higher driven by rising demand and lower supplies. The report provides support and resistance levels and recommends selling specific commodities if prices fall below or rise above key levels. It also includes news items on import duty hikes on sugar and estimated losses for the Darjeeling tea industry from ongoing protests.

1. DAILY AGRI COMMODITY REPORT
14 JULY 2017
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2. Market Views
2
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
TURMERIC
JUL 7330 7358 7200 7200 -2.81 220
INTRADAY
LEVELS
SUPPORT SUPP. 1
7147
SUPP. 2
7094
PIVOT
7252
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
7305
RES. 2
7410
CORIANDER
JUL 5058 5107 5020 5020 2.22 240
INTRADAY
LEVELS
SUPPORT SUPP.1
4991
SUPP. 2
4962
PIVOT
4049
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
5078
RES. 2
5136
GUARGUM 5MT
JUL 6783 6865 6750 6750 -0.60 615
INTRADAY
LEVELS
SUPPORT SUPP. 1
6711
SUPP. 2
6673
PIVOT
6788
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6826
RES. 2
6903
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTA
NCE
RES. 1
-
RES. 2
-

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
Castorseed 4423 4433 -0.23
Chana - - -
Coriander 5020 4911 2.22
Guargum5MT 6750 6791 -0.6
Jeera 19915 19185 3.81
Musterseed 3621 3626 -0.14
Soybean 2885 2939 -1.84
Turmeric 7200 7408 -2.81
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
JEERA 20-07-2017 19915.00 715.00 3.72%
CORIANDER 20-07-2017 5020.00 33.00 0.66%
WHEAT 20-07-2017 1644.00 7.00 0.43%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 20-07-2017 7200.00 -202.00 -2.73%
SOY BEAN 20-07-2017 2885.00 -45.00 -1.54%
REF SOYA OIL 20-07-2017 636.00 -6.30 -0.98%
BARLEY 20-07-2017 1420.00 -13.50 -0.94%

4. Commodities In News
4
ECONOMIC NEWS
➢ The government increased import duty on sugar to 50% to curb
dumping of the commodity in India as international prices fell. The
industry expects the move to prevent a build-up of arrears in payments to
sugar cane farmers in the next season starting October 2017. Import duty
on raw sugar, refined or white sugar that is imported by bulk consumers
under tariff head 1701 will increase from the present 40% to 50% with
immediate effect, the Central Board of Excise and Customs said in a
notification dated July 10. No end date was specified for the duty
increase. "The hike has come in time. It will safeguard the industry," said T
Sarita Reddy, president of the Indian Sugar Mills Association. "If we had
imported more sugar, it would have led to collapse of the industry and
prices would have gone down drastically.“ Reddy said there was good
availability of sugar in the country following the duty-free import of 5 lakh
tonnes, which ensured domestic prices were under check.
➢ The Darjeeling tea industry is staring at a loss of Rs 250 crore due to the
ongoing shutdown called by Gorkha Janmukti Morcha(GJM) which
entered the 26th day today. "The second flush tea is premium tea which is
mostly exported. There is no production of the tea since the shutdown
started. The expected loss will be Rs 250 crore," Darjeeling Tea
Association(DTA) chairman Binod Mohan told PTI. "We fear that the
overseas buyers may shift to other countries to fill in the vacuum. If this
continues, they might even lose interest in the Darjeeling second flush
variety," he said. Mohan said that the industry hopes that the all-party
meeting called tomorrow at Darjeeling will give relaxation to the tea
gardens. A total of 87 gardens are located in Darjeeling owned by 30
different companies producing 8.5 million kg of tea. A total of 87 gardens
are located in Darjeeling owned by 30 different companies producing 8.5
million kg of tea. The workers were also in distress as there are ration
supplies. They must be managing somehow, he said.
➢ Soyabean futures traded lower on NCDEX as participants offloaded
their positions, triggered by a weak trend in global markets on higher
inventories. The contract for July delivery was trading at Rs 2915.00,
down by 0.82% or Rs 24.00 from its previous closing of Rs 2939.00.
The open interest of the contract stood at 7900 lots. The contract for
August delivery was trading at Rs 3000.00, down by 1.25% or Rs
38.00 from its previous closing of Rs 3038.00. The open interest of the
contract stood at 76710 lots on NCDEX.
➢ Turmeric futures edged down on NCDEX on account of fall in
demand at the spot market. Though, some loses were capped on fear of
deficient rains in the turmeric growing regions in the country. The
contract for July delivery was trading at Rs 7262.00, down by 1.97% or
Rs 146.00 from its previous closing of Rs 7408.00. The open interest of
the contract stood at 490 lots. The contract for August delivery was
trading at Rs 7266.00, down by 3.53% or Rs 266.00 from its previous
closing of Rs 7532.00. The open interest of the contract stood at 15970
lots on NCDEX.
➢ Coriander futures traded higher on NCDEX as participants indulged
in enlarging positions amid rising demand in the domestic spot market.
Besides, fall in supplies from major producing regions also fuelled the
uptrend. The contract for July delivery was trading at Rs 5072.00, up
by 3.28% or Rs 161.00 from its previous closing of Rs 4911.00. The
open interest of the contract stood at 1240 lots. The contract for August
delivery was trading at Rs 5135.00, up by 0.94% or Rs 48.00 from its
previous closing of Rs 5087.00. The open interest of the contract stood
at 42800 lots on NCDEX.

5. Technical Outlook
5
SELL CORIANDER BELOW 5000 TARGET 4970 4930 4880 SL
ABOVE 5050
SELL TURMERIC ABOVE 7170 TARGET 7140 7100 6950 SL
ABOVE 7220
SELL GUARGUM5 BELOW 6740 TARGET 6710 6670 6620 SL
ABOVE 6790

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Lovelesh
Sharma
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Sharma
DN: cn=Lovelesh Sharma
c=IN o=Personal
Reason: I am the author of
this document
Location:
Date: 2017-07-13
21:27+05:30