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1. 17-August-2017
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
AUG 7340 7398 7314 7390 0.49 190
INTRADAY
LEVELS
SUPPORT SUPP.1
7336
SUPP. 2
7283
PIVOT
7367
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7420
RES. 2
7451
CORIANDER
AUG 4537 4580 4532 4532 0.51 660
INTRADAY
LEVELS
SUPPORT SUPP.1
4516
SUPP. 2
4500
PIVOT
4548
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4564
RES. 2
4596
GUARGUM 5MT
AUG 8030 8175 7790 8175 1.53 38975
INTRADAY
LEVELS
SUPPORT SUPP.1
7918
SUPP. 2
7661
PIVOT
8046
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8303
RES. 2
8431
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 4520 4567 -1.03
Chana - - -
Coriander 4546 4523 0.51
Guargum5MT 8175 8052 1.53
Jeera 19330 19140 0.99
Musterseed 3730 3703 0.73
Soybean 3025 2991 1.14
Turmeric 7390 7354 0.49
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
18-08-2017 1510.00 101.00 7.17%
JEERA 18-08-2017 19520.00 675.00 3.58%
WHEAT 18-08-2017 1663.00 33.00 2.02%
RAPESEED-MUSTARD
SEED
18-08-2017 3721.00 59.00 1.61%
SOY BEAN 18-08-2017 3003.00 44.00 1.49%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
V 797 KAPAS 30-04-2018 867.50 -14.50 -1.64%
REF SOYA OIL 18-08-2017 638.80 -5.20 -0.81%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 The government today revised upward the country's overall foodgrain
production by 2.3 million tonnes to a record 275.68 million tonnes in 2016-17
crop year that ended in June. Record output has been achieved in rice, wheat,
coarse cereals and pulses on the back of good rains in the said
period. Foodgrain production had declined to 251.57 million tonnes in 2015-
16 crop year (July-June). The previous record of 265.04 million tonnes was
achieved in 2013-14 crop year. "As a result of very good rainfall during
monsoon 2016 and various policy initiatives taken by the government, the
country has witnessed record foodgrain production in the current year," the
Agriculture Ministry said in a statement. Based on the feedback of states, the
ministry has revised the overall foodgrain output upward to 275.68 million
tonnes in its fourth estimate assessed for 2016-17 from its earlier projection
of 273.38 million tonnes for the same period.
 Spices Board has teamed up with the Jammu and Kashmir government to
boost production and improve value addition of saffron for its consumption
and trading in both domestic and international markets. The board and the
state government are also making efforts to secure GI (geographical
indication) registration for authentication of high quality saffron from
Kashmir. The issues regarding the saffron trade came up for thorough
deliberations at a two-day national seminar on saffron in Srinagar
recently. "The Codex Committee on Spices and Culinary Herbs has initiated
the development of Codex standard for saffron at its 3rd session held in
Chennai in February 2017,” Spices Board chairman A Jayathilak said. Spices
Board is promoting the setting up of common mini-processing facilities and
value addition units to improve the marketability of saffron in the saffron-
growing areas by farmer groups. “We have recently supported a producer
group in Pampore by providing Rs 15 lakh as grant-in-aid towards 75 per cent
of the cost of machinery and equipment for setting up of mini-processing and
value addition unit,” he said.
 Turmeric futures showed mixed trend on NCDEX as the August
contracts traded lower due to forecast of good rains in south India, while
September contracts traded higher on rising demand at the spot market.
The contract for August delivery was trading at Rs 7350.00, down by
0.05% or Rs 4.00 from its previous closing of Rs 7354.00. The open interest
of the contract stood at 1150 lots. The contract for September delivery
was trading at Rs 7330.00, up by 0.91% or Rs 66.00 from its previous
closing of Rs 7264.00. The open interest of the contract stood at 14960
lots on NCDEX.
 Coriander futures edged higher on NCDEX as participants enlarged their
holdings amid rising demand in the spot market. Besides, restricted
supplies from major producing belts also added support to coriander
prices’ uptrend. The contract for August delivery was trading at Rs
4538.00, up by 0.33% or Rs 15.00 from its previous closing of Rs 4523.00.
The open interest of the contract stood at 990 lots. The contract for
September delivery was trading at Rs 4639.00, up by 0.15% or Rs 7.00
from its previous closing of Rs 4632.00. The open interest of the contract
stood at 40120 lots on NCDEX.
 Soyabean futures traded marginally higher on NCDEX as speculators
enlarged their positions on supply worries following reports of lower
acreages and strong demand for Indian soymeal in export market.
However, weak domestic demand in the spot market, capped some gains.
The contract for August delivery was trading at Rs 3000.00, up by 0.3% or
Rs 9.00 from its previous closing of Rs 2991.00. The open interest of the
contract stood at 5300 lots. The contract for October delivery was trading
at Rs 3132.00, up by 0.38% or Rs 12.00 from its previous closing of Rs
3120.00. The open interest of the contract stood at 60860 lots on NCDEX.
Commodities In News
Agri Commodity Update

5. SELL CORIANDER BELOW 4580 TARGET 4610 4640 4660 SL ABOVE 4550 BUY TURMERIC ABOVE 7410 TARGET 7440 7480 7530 SL ABOVE 7380
SELL GUARGUM5 BELOW 7990 TARGET 7960 7920 7870 SL ABOVE 8040
Technical Outlook
Agri Commodity Update

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Daily Agri Update
Lovelesh
Sharma
Digitally signed by Lovelesh
Sharma
DN: cn=Lovelesh Sharma c=IN
o=Personal
Reason: I am the author of this
document
Location:
Date: 2017-08-16 21:50+05:30