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1. 16-Jul-2018
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Agri Commodity Update

2. MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
JULY 6930 6930 6904 6930 0.38 20
INTRADAY
LEVELS
SUPPORT SUPP. 1
6912
SUPP. 2
6895
PIVOT
6921
Turmeric short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
6938
RES. 2
6947
CORIANDER
JULY 4710 4720 4612 4703 -1.19 1200
INTRADAY
LEVELS
SUPPORT SUPP.1
4636
SUPP. 2
4570
PIVOT
4678
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
4744
RES. 2
4786
GUARGUM 5MT
JULY 8514 8618 8351 8604 -1.77 490
INTRADAY
LEVELS
SUPPORT SUPP. 1
8430
SUPP. 2
8257
PIVOT
8524
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
8697
RES. 2
8791
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 4462 4529 -1.48
Chana 3965 3871 2.43
Coriander 4625 4703 -1.66
Guargum5MT 8880 8785 1.08
Jeera 18325 18420 -0.52
Musterseed 4060 4086 -0.64
Soybean 3525 3602 -2.14
Turmeric 6930 6904 0.38
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
20-07-2018 1744.50 49.00 2.89%
SOY BEAN 20-07-2018 3606.00 69.00 1.95%
BARLEY 20-07-2018 1526.00 28.00 1.87%
CORIANDER 20-07-2018 4700.00 60.00 1.29%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
GUAR GUM 5 MT 20-07-2018 8585.00 -115.00 -1.32%
REF SOYA OIL 20-07-2018 750.70 -2.10 -0.28%
RAPESEED-MUSTARD
SEED
20-07-2018 4073.00 -9.00 -0.22%
GUAR SEED 10 MT 20-07-2018 4034.00 -9.00 -0.22%
Most Active Contract
Agri Commodity Update

4. ECONOMIC NEWS
 Technically MCX Cotton is getting support at 22614 and below same could
see a test of 22467 level, And resistance is now likely to be seen at 22904, a
move above could see prices testing 23047. Cotton on MCX settled up by
0.22% at 22760 amid anticipation of lower production from major producing
belts due to reduction in crop acreage. However, upside seen limited amid
higher crop estimated by FAS India and increased cotton area as monsoon rains
have now covered entire country. Cotton acreage till last week was down by
24% on year to 54.60 lakh hac, according to the farm ministry data. In
Maharashtra, the largest producer, the area under the crop was down 10.3% on
year at 19.6 lakh ha as on last week while acreage in Gujarat, another major
grower, was down 61.1% on year at 492,900 ha due to deficient rains.
However, market participants are expecting higher imports in coming months
as government increase minimum support prices for cotton by 26-28%. MSP of
cotton (MS) has been raised to Rs 5,150 from Rs 4,020 and that of cotton (LS)
to Rs 5,450 from Rs 4,320 per quintal.
 Now MCX Cardamom is getting support at 1021.6 and below same could see
a test of 1005.5 level, And resistance is now likely to be seen at 1047.3, a move
above could see prices testing 1056.9. Cardamom on MCX settled up by 2.69%
at 1037.7 as there are fears of damage to standing crops and delay in new crop
supplies. Rains have also impacted the new crops and supplies from the fresh
crop would get momentum by the third week of this month, though scattered
supplies have begun to pour in some of the auction centres. Stockists did not
make buying on hopes of higher output and early commencement of new crop
supplies. Heavy monsoon rainfall that has caused damage to plantation thereby
resulting in crop loss and downward revision of earlier made higher crop
estimates.
 Soyabean planting is nearing completion in the key growing areas of
Central India aided by a surge in rains over the past week. As on July 6,
Soyabean was planted on around 5.1 million hectares - about 4% lower
than the corresponding period last year. Except for Karnataka, all other
Soyabean growing States had reported a lower acreage as on July 6 when
compared to last year. However, industry and the government expect
Soyabean acreage in the ongoing kharif season to be higher by 5-15 per
cent over last year’s 10.5 million hectares.
 Abundant rain in many of the Coconut growing areas across South India
is expected to bring cheer to the Coconut growers with a decent harvest
season next year, resulting in increased production and price stabilisation.
In 2018, the sector posted a comfortable production, due to widespread
rains after a drought-like condition in 2016-17. The trend of rising
production is likely to continue next year as well, with heavy spells being
experienced in many production centres. Coconut Development Board data
put the production in 2016-17 at 23,904 million nuts, which has gone up to
24,378 million nuts in 2017-18. However, the sector expects a 5-10 per
cent growth in the 2018-19 crop season in the wake of several positive
factors.
 India’s retail inflation grew 5% in June, a five-month high, from May’s
4.87% on the back of rising fuel prices, data released by statistics office
showed. Retail inflation, measured by Consumer Price Index (CPI), had
fallen to 1.46% in June 2017. CPI is the main price gauge that the Reserve
Bank of India (RBI) tracks. June’s data is an indication that inflation is
inching towards the apex bank’s upper tolerance level of 6%. Consumer
food price inflation, a metric to gauge changes in monthly kitchen costs,
growth slowed to 2.91% in June from 3.10% in May, but still increased
from (-)2.12% in June 2017.
Commodities In News
Agri Commodity Update

5. SELL CORIANDER JUL BELOW 4600 TARGET 4580/4560/4540 SL 4630 BUY TURMERIC JUL ABOVE 6970 TARGET 7000/7030/7060 SL 6930
SELL GUARGUM5 JUL BELOW 8340 TARGET 8300/8260/8220 SL 8390
Technical Outlook
Agri Commodity Update

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