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1. 30-January-2018
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 7348 7418 7210 7246 -1.50 2720
INTRADAY
LEVELS
SUPPORT SUPP.1
7164
SUPP. 2
7083
PIVOT
7291
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7372
RES. 2
7499
CORIANDER
APR 5950 5980 5855 5855 -1.20 3640
INTRADAY
LEVELS
SUPPORT SUPP.1
5813
SUPP. 2
5771
PIVOT
5896
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
5938
RES. 2
6021
GUARGUM 5MT
FEB 10192 10250 9972 9995 0.03 43110
INTRADAY
LEVELS
SUPPORT SUPP.1
9894
SUPP. 2
9794
PIVOT
10072
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
10172
RES. 2
10350
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 4293 4128 4.00
Chana 3808 3717 2.45
Coriander 5855 5926 -1.20
Guargum5MT 9995 9992 0.03
Jeera 4630 4620 0.21
Musterseed 4205 4121 2.04
Soybean 3811 3665 3.98
Turmeric 7246 7356 1.50
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
SOY BEAN 20-02-2018 3811.00 260.00 7.32%
RAPESEED-MUSTARD
SEED
20-04-2018 4205.00 133.00 3.27%
GUAR SEED 10 MT 20-02-2018 4630.00 119.00 2.64%
REF SOYA OIL 20-02-2018 751.90 6.90 0.93%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
TURMERIC 20-04-2018 7246.00 -94.00 -1.28%
CORIANDER 20-04-2018 5855.00 -30.00 -0.51%
WHEAT 20-02-2018 1669.00 -7.00 -0.42%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 Agriculture income may fall by up to 25% in the medium term because
climate change will hit crop yields, making it imperative to replace power and
fertiliser subsidies by direct income support and to drastically expand
irrigation, the Economic Survey said. Agriculture accounts for 16% of gross
domestic product and 49% of employment in India, making it crucial in the
overall economy, the survey said. "Poor agricultural performance can lead to
inflation, farmer distress and unrest, and larger political and social disaffection
— all of which can hold back the economy.“ In recent years, farmers have
suffered because of erratic monsoon rains, unseasonal showers on the eve of
harvest and volatile prices, which at times dipped below the support price
because of large stocks and good harvests. Lower yields because of high
temperature and low rainfall due to climate change will add to their distress.
 Economic Survey 2017-18 has projected that the climate change can reduce
annual agricultural income of farmers by upto 25% in unirrigated areas and
called use of cooperative federalism "technology" of the GST Council that
brings together the Center and States to further agricultural reforms and
durably raise farmers' incomes. The Survey has called for reviewing cereal
centricity of agricultural policy, doing away with power and fertilisers and
allocating more resources for micro irrigation technology. The Survey says that
there are two agricultures in India. "In thinking about agricultural policy
reforms in India, it is vital to make a clear distinction between two agricultures
in India. There is an agriculture—the well-irrigated, input-addled, and price-
and-procurement-supported cereals grown in Northern India—where the
challenge is for policy to change the form of the very generous support from
prices and subsidies to less damaging support in the form of direct benefit
transfers," it says.
 India is expected to regain the world's fastest growing major economy
tag as it is likely to clock 7-7.5 per cent growth rate in 2018-19, up from
6.75 per cent in the current fiscal, according to the Economic Survey 2018.
The Survey has said that India can be rated as among the best performing
economies in the world as the average growth during the last three years is
around 4 percentage points higher than the global growth. However, it said
the current high oil prices are a major concern. A possible increase in
global Crude Oil prices could dampen growth expectations next fiscal, said
the Survey, while expressing hope that recovery in investments, improved
global growth outlook and stabilisation of GST will however help pick up
the domestic economy.
 Goa being one of the leading grower of Coconut in the country is now
witnessing shortage of Coconut, leading to increase in the price. The lack
of manpower to plug the fruit and a lack of interest among farmers towards
this crop, are responsible for Coconut going away from the reach of the
common man in the coastal state. As per the state agriculture department
indicate the tiny state has 25,700 hectares of its area covered under Coconut
groves. But the rising prices are making the nut unaffordable for most
people. Multiple factors have contributed to the price rise, including attacks
by pests like the Eriophyid mites which have affected plantations.
 India is set to achieve self sufficiency in pulses in FY 2018-19, wth a
high kharif output and likelihood of record rabi season production due to an
all-time high acreage and favourable agro climatic condition. Until last
year, that is 2016-17, India remained heavily dependent on import of pulses
of different varieties, including Chick Peas from Australia, Tur from
Myanmar and other varieties from Canada and a number of non-consuming
but large-growing African countries. Apex industry body, India Pulses and
Grains Association (IPGA), puts India’s import at around 5.7 million
tonnes of pulses during FY2017, almost similar to 5.8 million tonnes
imported during the previous financial year.
Commodities In News
Agri Commodity Update

5. SELL CORIANDER APR BELOW 5840 TARGET 5810 5770 5720 SL ABOVE 5890 BUY TURMERIC APR BELOW 7320 TARGET 7350 7390 7440 SL ABOVE 7270
BUY GUARGUM5 FEB ABOVE 10240 TARGET 10270 10310 10360 SL 10190
Technical Outlook
Agri Commodity Update

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