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13-Jun-2018
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Agri Commodity Update
MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
JUN 7092 7114 7092 7036 1.11 40
INTRADAY
LEVELS
SUPPORT SUPP. 1
7047
SUPP. 2
7059
PIVOT
7081
Turmeric short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7069
RES. 2
7103
CORIANDER
JUN 4240 4298 4225 4196 1.02 330
INTRADAY
LEVELS
SUPPORT SUPP.1
4181
SUPP. 2
4167
PIVOT
4240
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4254
RES. 2
4240
GUARGUM 5MT
JUN 7512 7600 7445 7475 0.20 1110
INTRADAY
LEVELS
SUPPORT SUPP. 1
7413
SUPP. 2
7352
PIVOT
7507
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7568
RES. 2
7662
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
NCDEX INDICES
Index Value Pre. Close % Change
Castorseed 3870 3851 0.49
Chana 3261 3324 -1.9
Coriander 4239 4196 1.02
Guargum5MT 8880 8785 1.08
Jeera 16130 15940 1.19
Musterseed 3917 3930 -0.33
Soybean 3318 3336 -0.54
Turmeric 7114 7036 1.11
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 20-06-2018 4250 55 1.31
TURMERIC 20-06-2018 7114 84 1.19
JEERA 20-06-2018 16125 180 1.13
COTTON SEED OIL CAKE
AKOLA
20-06-2018 1472 12.5 0.86
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
CHANA 20-06-2018 3269 -41 -1.24
RAPESEED-MUSTARD
SEED
20-06-2018 3905 -27 -0.69
REF SOYA OIL 20-06-2018 735 -5 -0.68
MAIZE - FEED 20-06-2018 1160 -5 -0.43
Most Active Contract
Agri Commodity Update
ECONOMIC NEWS
 The latest update of United States Department of Agriculture (USDA)
forecasts Indian cotton acreage for MY 2018/19 at 11.9 million hectares, which
is 100,000 hectares higher than the USDA official forecast. Post forecasts
planting in Northern India to be lower than last year. In addition, USDA
forecasts the planting in the central India states of Gujarat and Maharashtra to
be lower due to prevailing market prices and expected returns from competing
crops. According to the Ministry of Agriculture and Farmers Welfare
(MOAFW), cotton acreage in the northern India states of Punjab and Haryana
is much lower than last year. High temperatures and a lack of canal and tube
well water during the two to three-week planting window for cotton has led to
lower planting in some growing districts. Farmers use canal water for pre-
sowing irrigation and tube well water for subsequent irrigations.
 Technically Jeera market is under fresh selling as market has witnessed gain
in open interest by 19.19% to settled at 5367.Now NCDEX Jeera is getting
support at 16075 and below same could see a test of 15995 level, And
resistance is now likely to be seen at 16275, a move above could see prices
testing 16395.Jeera on NCDEX settled down by 0.34% at 16155 on profit
booking after prices gained on the back of improved physical and exports
demand. However downside also seen limited amid expectation of strong
overseas demand on supply uncertainties in other producing nations owing to
geo-political turmoil in Syria. Jeera has recorded its highest monthly exports of
33,458 tonnes in March. Daily arrivals hovered around 30,000 bags (each of 55
kg), as against the expectation of 50,000 bags considering the bumper crop.
Traders maintained that with arrivals dropping and export enquiries increasing,
prices are firming up. Global demand for Indian jeera has firmed up as Syria
and Turkey crop will arrive only around June-July.
 National Agricultural Cooperative Marketing Federation of India Ltd
(NAFED) purchased total 741,631 ton mustard seed in the various
producing states until June 6, said sources. Government authorized the
cooperative giant to purchase mustard seed from farmers at Rs 4,000 per
quintal inclusive of Rs 100 as bonus. Mustard crushing across the country
was estimated at 800,000 tn in March, more than double from last month's
375,000 tn, according to data compiled by the Mustard Oil Producers
Association of India. In March, mills increased crushing operations after
new crop arrivals increased, an official with the association said. New crop
arrivals begin in February, and gain momentum by March. The arrivals
remain in full swing till May and start dwindling from June.
India exported 4,180 ton cardamom valued at Rs 4.56 billion during
April-December 2017, data from Spices Board showed. Cardamom will be
auctioned once every day at e-auction centres in Tamil Nadu (NS:TNNP)'s
Bodinayakanur and Kerala's Puttady from Monday till Jun 30, the Spices
Board India said. The board has reduced the auctions per week to six from
12 because growers' organizations complained that "Cardamom lots of
small growers are pushed back, half day auctions are extending up to late
evening and traders are not getting sufficient time to get their cardamom
samples evaluated to fix the quality
 Projection of favourable monsoon caused the Soybean Processors
Association of India to predict that during 2018-19 kharif season soybean
area under cultivation to rise by 14% on year to 12 million hectares. India is
likely to get normal to above normal rains except some parts of western
Himalayan Region and extreme south Peninsula during week ending June
13, said India Meteorological Department (IMD) in its weekly outlook.
Monsoon may cover the entire state of Maharashtra and may get heavy to
very heavy rainfall.
Commodities In News
Agri Commodity Update
BUY CORIANDER JUN ABOVE 4300 TARGET 4320/4340/4360 SL 4270 BUY TURMERIC JUN ABOVE 7140 TARGET 7170/7200/7230 SL 7100
SELL GUARGUM5 JUN BELOW 7420 TARGET 7380/7340/7300 SL 7470
Technical Outlook
Agri Commodity Update
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advisory provider companies in the private sector.
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Daily agri report of 13 june 2018 by epic research

  • 1. 13-Jun-2018 For More Information Please visit www.epicresearch.co or contact info@epicresearch.co Please refer to disclaimer at the end of the report. Agri Commodity Update
  • 2. MONTH OPEN HIGH LOW CLOSE % CHG VOL TURMERIC JUN 7092 7114 7092 7036 1.11 40 INTRADAY LEVELS SUPPORT SUPP. 1 7047 SUPP. 2 7059 PIVOT 7081 Turmeric short term trend is bearish and may continue in coming days. RESISTANCE RES. 1 7069 RES. 2 7103 CORIANDER JUN 4240 4298 4225 4196 1.02 330 INTRADAY LEVELS SUPPORT SUPP.1 4181 SUPP. 2 4167 PIVOT 4240 Coriander short term trend is bearish and may continue in coming days. RESISTANCE RES. 1 4254 RES. 2 4240 GUARGUM 5MT JUN 7512 7600 7445 7475 0.20 1110 INTRADAY LEVELS SUPPORT SUPP. 1 7413 SUPP. 2 7352 PIVOT 7507 Guargum Short term trend is bearish and may continue in coming days. RESISTANCE RES. 1 7568 RES. 2 7662 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 3870 3851 0.49 Chana 3261 3324 -1.9 Coriander 4239 4196 1.02 Guargum5MT 8880 8785 1.08 Jeera 16130 15940 1.19 Musterseed 3917 3930 -0.33 Soybean 3318 3336 -0.54 Turmeric 7114 7036 1.11 TOP GAINERS Symbol Expiry Date Current Price Change Change % CORIANDER 20-06-2018 4250 55 1.31 TURMERIC 20-06-2018 7114 84 1.19 JEERA 20-06-2018 16125 180 1.13 COTTON SEED OIL CAKE AKOLA 20-06-2018 1472 12.5 0.86 TOP LOSERS Symbol Expiry Date Current Price Change Change % CHANA 20-06-2018 3269 -41 -1.24 RAPESEED-MUSTARD SEED 20-06-2018 3905 -27 -0.69 REF SOYA OIL 20-06-2018 735 -5 -0.68 MAIZE - FEED 20-06-2018 1160 -5 -0.43 Most Active Contract Agri Commodity Update
  • 4. ECONOMIC NEWS  The latest update of United States Department of Agriculture (USDA) forecasts Indian cotton acreage for MY 2018/19 at 11.9 million hectares, which is 100,000 hectares higher than the USDA official forecast. Post forecasts planting in Northern India to be lower than last year. In addition, USDA forecasts the planting in the central India states of Gujarat and Maharashtra to be lower due to prevailing market prices and expected returns from competing crops. According to the Ministry of Agriculture and Farmers Welfare (MOAFW), cotton acreage in the northern India states of Punjab and Haryana is much lower than last year. High temperatures and a lack of canal and tube well water during the two to three-week planting window for cotton has led to lower planting in some growing districts. Farmers use canal water for pre- sowing irrigation and tube well water for subsequent irrigations.  Technically Jeera market is under fresh selling as market has witnessed gain in open interest by 19.19% to settled at 5367.Now NCDEX Jeera is getting support at 16075 and below same could see a test of 15995 level, And resistance is now likely to be seen at 16275, a move above could see prices testing 16395.Jeera on NCDEX settled down by 0.34% at 16155 on profit booking after prices gained on the back of improved physical and exports demand. However downside also seen limited amid expectation of strong overseas demand on supply uncertainties in other producing nations owing to geo-political turmoil in Syria. Jeera has recorded its highest monthly exports of 33,458 tonnes in March. Daily arrivals hovered around 30,000 bags (each of 55 kg), as against the expectation of 50,000 bags considering the bumper crop. Traders maintained that with arrivals dropping and export enquiries increasing, prices are firming up. Global demand for Indian jeera has firmed up as Syria and Turkey crop will arrive only around June-July.  National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) purchased total 741,631 ton mustard seed in the various producing states until June 6, said sources. Government authorized the cooperative giant to purchase mustard seed from farmers at Rs 4,000 per quintal inclusive of Rs 100 as bonus. Mustard crushing across the country was estimated at 800,000 tn in March, more than double from last month's 375,000 tn, according to data compiled by the Mustard Oil Producers Association of India. In March, mills increased crushing operations after new crop arrivals increased, an official with the association said. New crop arrivals begin in February, and gain momentum by March. The arrivals remain in full swing till May and start dwindling from June. India exported 4,180 ton cardamom valued at Rs 4.56 billion during April-December 2017, data from Spices Board showed. Cardamom will be auctioned once every day at e-auction centres in Tamil Nadu (NS:TNNP)'s Bodinayakanur and Kerala's Puttady from Monday till Jun 30, the Spices Board India said. The board has reduced the auctions per week to six from 12 because growers' organizations complained that "Cardamom lots of small growers are pushed back, half day auctions are extending up to late evening and traders are not getting sufficient time to get their cardamom samples evaluated to fix the quality  Projection of favourable monsoon caused the Soybean Processors Association of India to predict that during 2018-19 kharif season soybean area under cultivation to rise by 14% on year to 12 million hectares. India is likely to get normal to above normal rains except some parts of western Himalayan Region and extreme south Peninsula during week ending June 13, said India Meteorological Department (IMD) in its weekly outlook. Monsoon may cover the entire state of Maharashtra and may get heavy to very heavy rainfall. Commodities In News Agri Commodity Update
  • 5. BUY CORIANDER JUN ABOVE 4300 TARGET 4320/4340/4360 SL 4270 BUY TURMERIC JUN ABOVE 7140 TARGET 7170/7200/7230 SL 7100 SELL GUARGUM5 JUN BELOW 7420 TARGET 7380/7340/7300 SL 7470 Technical Outlook Agri Commodity Update
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