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1. 09-Aug-2018
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
AUG 7270 7300 7190 7250 -0.41 2915
INTRADAY
LEVELS
SUPPORT SUPP. 1
7193
SUPP. 2
7136
PIVOT
7246
Turmeric short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7303
RES. 2
7356
CORIANDER
AUG 4965 4980 4874 4949 -0.40 3820
INTRADAY
LEVELS
SUPPORT SUPP.1
4888
SUPP. 2
4828
PIVOT
4934
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4994
RES. 2
5040
GUARGUM 5MT
AUG 9468 9525 9375 9527 -0.71 20840
INTRADAY
LEVELS
SUPPORT SUPP. 1
9426
SUPP. 2
9325
PIVOT
9475
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
9576
RES. 2
9625
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 4680 4643 0.80
Chana 4148 4159 -0.26
Coriander 4929 4949 -0.40
Guargum5MT 8880 8785 1.08
Jeera 19710 19635 0.38
Musterseed 4089 4097 -0.20
Soybean 3353 3393 -1.18
Turmeric 7220 7250 -0.41
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
CASTOR SEED 20-08-2018 4680.00 37.00 0.80%
GUAR SEED 10 MT 16-10-2018 4381.00 17.00 0.39%
JEERA 20-08-2018 19710.00 75.00 0.38%
WHEAT 20-08-2018 1980.00 7.00 0.35%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
20-08-2018 1710.00 -31.00 -1.78%
SOY BEAN 16-10-2018 3353.00 -40.00 -1.18%
GUAR GUM 5 MT 16-10-2018 9459.00 -68.00 -0.71%
TURMERIC 20-08-2018 7220.00 -30.00 -0.41%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 Sugar mills in Maharashtra, which has seen a glut in production, owe Rs 593
crore to farmers, an official said today. The state government is making efforts
to persuade the sugar mills to clear the dues of farmers, he said. The mills paid
around Rs 20,682 crore as sugarcane purchase price to farmers till July this
year, but there are still arrears worth Rs 593 crore, the official in the state sugar
commissioner's office said. Last year, there were arrears of only Rs two crore,
he noted. State sugar commissioner Sambhaji Kadu Patil said he has been
personally talking to sugar mill owners to clear the dues of farmers. Action has
been taken against some mills which did not comply with the government
norms for making payments, he said.
 Technically Mustard Seed market is under fresh buying as market has
witnessed gain in open interest by 9.27% to settled at 104790 while prices up
15 rupees. Now NCDEX Mustard Seed is getting support at 4127 and below
same could see a test of 4107 level, And resistance is now likely to be seen at
4161, a move above could see prices testing 4175. Mustard Seed on NCDEX
settled up by 0.36% at 4146 on improved demand for crushing, lower arrivals
and improved meal exports. There is expectation of higher availability of
mustard in market as National Agricultural Cooperative Marketing Federation
of India (NAFED) started selling mustard seed in Rajasthan from Friday.
NAFED had procured the oilseed under the price support scheme in 2017-18
(Jul-Jun). Prices touched 4 months high last week. There is still good demand
for meal exports. According to SEA latest export report, mustard meal exports
during first 3 months of FY 2018/19 is higher by 90% at 2.86 lt on year due to
higher demand from South Korea. According to data compiled by Mustard Oil
Producers Association, oil mills across the country crushed 450,000 tn of
mustard in July, down 30.8% on month and 18.2% on year.
 India doubled the import tax on more than 300 textile products to 20
percent on Tuesday as the world’s biggest producer of cotton tries to curb
rising imports from China. It was the second tax hike on textiles in as many
months after an increase on other products including fiber and apparels last
month. The moves are expected to provide relief to the domestic textile
industry, which has been hit by cheaper imports. India’s total textile
imports jumped by 16 percent to a record $7 billion in the fiscal year to
March 2018. Of this, about $3 billion were from China. Rising imports sent
India’s trade deficit with China in textile products to a record high $1.54
billion in 2017/18, alarming industry officials as India had been until
recently a net exporter of textile products to China.
 As a larger area comes under Tur or Arhar (red gram) in the ongoing
kharif sowing season, growers anticipate higher output and want the Centre
to curb all forms of imports to keep prices stable during the harvest season.
The acreage under Tur as on August 3 has exceeded the year-ago period’s
levels as farmers have brought a larger area in Karnataka, Madhya Pradesh,
Telangana and Andhra Pradesh, among others, under cultivation.
 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.
Commodities In News
Agri Commodity Update

5. SELL CORIANDER AUG BELOW 4870 TARGET 4850/4830/4810 SL 4900 SELL TURMERIC AUG BELOW 7190 TARGET 7160/7130/7100 SL 7230
SELL GUARGUM5 OCT BELOW 9300 TARGET 9260/9220/9180 SL 9350
Technical Outlook
Agri Commodity Update

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