- Turmeric, coriander, and guargum futures prices were mostly unchanged or up slightly for the month of August. - Short term trends for turmeric, coriander and guargum are expected to be bearish in the coming days. - The report provides support and resistance levels as well as recommendations to sell coriander and buy turmeric and guargum futures. - It also includes updates on agricultural commodity markets, crop conditions and government policies across India.

1. 08-Aug-2018
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
AUG 7210 7310 7162 7226 0.17 8260
INTRADAY
LEVELS
SUPPORT SUPP. 1
7155
SUPP. 2
7084
PIVOT
7232
Turmeric short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7303
RES. 2
7380
CORIANDER
AUG 4944 5000 4900 4957 0.02 5450
INTRADAY
LEVELS
SUPPORT SUPP.1
4904
SUPP. 2
4852
PIVOT
4952
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
5004
RES. 2
5052
GUARGUM 5MT
AUG 9315 9565 9291 9332 1.80 27560
INTRADAY
LEVELS
SUPPORT SUPP. 1
9227
SUPP. 2
9122
PIVOT
9396
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
9501
RES. 2
9670
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 4647 4599 1.04
Chana 4160 4098 1.51
Coriander 4958 4957 0.02
Guargum5MT 8880 8785 1.08
Jeera 19630 19860 -1.16
Musterseed 4102 4086 0.39
Soybean 3393 3376 0.50
Turmeric 7238 7226 0.17
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
GUAR SEED 10 MT 16-10-2018 4352.00 82.00 1.92%
GUAR GUM 5 MT 16-10-2018 9489.00 157.00 1.68%
COTTON SEED OIL CAKE
AKOLA
20-08-2018 1742.00 28.00 1.63%
CHANA 20-08-2018 4163.00 65.00 1.59%
CASTOR SEED 20-08-2018 4644.00 45.00 0.98%
SOY BEAN 16-10-2018 3393.00 17.00 0.50%
WHEAT 20-08-2018 1978.00 9.00 0.46%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
JEERA 20-08-2018 19630.00 -230.00 -1.16%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 Production of pulses, groundnut, cotton, coarse cereals and paddy can see a
fall in yield across Gujarat, Bihar, Jharkhand, Maharashtra and Karnataka if
rains don’t cover these region in the next few days, feel farmers, government
officials and analysts. In Bihar, state government officials say paddy and maize
production will see a reduction due to late rains. In Madhya Pradesh, farmers
are worried about soyabean crop which is in the flowering stage. In Gujarat,
cotton and groundnut farms have either got deficit rain or received a break in
rainfall for a long period, say farmers. Parts of Karnataka, which is an
important belt for pulses, oilseed and coarse cereals, is reeling under rain deficit
which traders and analyst feel was worrisome. The total rain deficit for the
monsoon season has widened to 10%. Agriculture ministry officials say rainfall
distribution was never uniform and the dry spell in some region will not make
any major impact on overall sowing or production. They say planting will be at
its peak till August 20.
 Over 1.11 crore farmers spread over 16 states and union territories have
registered on e-NAM platform, which promotes better marketing opportunities
for farmers to sell their produce online, Union Agriculture Minister Radha
Mohan Singh said today. Singh said in the Lok Sabha that farmers wishing to
join e-NAM platform need to register themselves on e-NAM portal and can sell
their produce on e-NAM platform in any e-NAM mandi of their choice. "e-
NAM platform promotes better marketing opportunities for farmers to sell their
produce through online, competitive and transparent price discovery system
and online payment facility. "It also promotes prices commensurate with
quality of produce. All these contribute towards better marketing efficiency and
also better prices to farmers," he said during Question Hour. The minister said
a total of 585 'mandis' have been integrated till March 31, 2018 on e-NAM
platform.
 The Uttar Pradesh Sugar Mills Association (UPSMA) has wrote a letter
to the state government, reiterating an earlier plea for a financial rescue
package. The Association has reiterated its request for Rs 40 a quintal
incentive on cane crushed by private sector mills during the recently
concluded 2017-18 crushing season. The millers say their paying capacity
was impaired due to less return from the sale of ugar and byproducts,
against a comparatively higher cost of production. As a result, banks are
not giving them loans, given the huge payment liabilities and unsold stock.
So, they are unable to do the necessary repair works in preparation for the
next season.
 The hike in the minimum support price (MSP) of Cotton for the kharif
2018 season was 2.5 times that of Soybean but farmers in key states appear
to have migrated to the oilseed, finding it potentially more remunerative.
On an all-India basis, the area under Cotton was 4% lower at 109.8 lakh
hectares as on August 3 compared with what it was at the same time last
year; Soybean acreage, on the other hand, was about 11% higher than last
year at 109.5 lakh hectares.
 In Madhya Pradesh prices of processed Dal are expected to come down
in coming weeks owning to exemption of mandi tax on raw Pulses
purchased from outstation for processing. Madhya Pradesh government has
exempted Pulses from 2.2% mandi tax. Leading to drop in price of
processed Dal by about Rs 1.5 per kg to Rs 2 per kg since the local mandi
tax has been removed. The exemption is valid on all pulses- Tur, Urad,
Moong, matar- except Chana. Processing units were running into losses due
to such a high mandi tax. But the exemption will support the processing
units and reduce the cost of operation. The exemption will save Dal mills
that were going to shut down because of high rate of purchase and lack of
price parity.
Commodities In News
Agri Commodity Update

5. SELL CORIANDER AUG BELOW 4900 TARGET 4880/4860/4840 SL 4930 BUY TURMERIC AUG ABOVE 7260 TARGET 7290/7320/7350 SL 7220
BUY GUARGUM5 OCT ABOVE 9600 TARGET 9640/9680/9720 SL 9550
Technical Outlook
Agri Commodity Update

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