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DAILY AGRI COMMODITY REPORT

18 MAY 2017

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Market Views
MONT CLOS MONT CLOS
OPEN HIGH LOW % CHG VOL OPEN HIGH LOW % CHG VOL
H E H E

CORIANDER CASTORSEED

JUN 5267 5347 5267 5347 2.99 220 - - - - - - -

SUPPORT SUPP.1 SUPP. 2 SUPPORT SUPP. 1 SUPP. 2

5293 5240 - -

PIVOT Coriander short term PIVOT


INTRADAY INTRADAY
trend is bearish and may -
LEVELS LEVELS -
5320
continue in coming days.
RES. 1 RES. 2 RESISTA RES. 1 RES. 2
RESISTAN
CE NCE - -
5373 5400

TURMERIC GUARGUM 5MT

JUN 5680 5680 5600 5600 0.04 95 JUN 7700 7800 7665 7704 -0.50 13615

SUPPORT SUPP. 1 SUPP. 2 SUPPORT SUPP. 1 SUPP. 2

5573 5546 7646 7588

PIVOT Turmeric short term trend PIVOT Guargum Short term


INTRADAY INTRADAY
is bearish and may trend is bearish and may
LEVELS LEVELS 7723
5626
continue in coming days. continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2
CE 5653 5706 CE 7781 7858

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Most Active Contract
NCDEX INDICES
TOP GAINERS

Symbol Expiry Date Current Price Change Change % Pre. %


Index Value
Close Change

CORIANDER 19-05-2017 5347.00 138.00 2.65%


Castorseed 4526 4396 2.96

SOY BEAN 19-05-2017 2819.00 39.00 1.40%


Chana - - -

SOYAMEAL-DOMESTIC 19-05-2017 24600.00 290.00 1.19%


Coriander 5347 5192 2.99

V 797 KAPAS 30-04-2018 996.00 10.50 1.07%


Guargum5MT 7704 7743 -0.5

TOP LOSERS
Symbol Expiry Date Current Price Change Change % Jeera 17900 17870 0.17

GUAR SEED 10 MT 19-05-2017 3602.00 -79.00 -2.15%


Musterseed 3702 3720 -0.48

TURMERIC 19-05-2017 5600.00 -18.00 -0.32%


Soybean 2891 2782 1.33

JEERA 19-05-2017 17900.00 -50.00 -0.28%


Turmeric 5600 5598 0.04

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Commodities In News
ECONOMIC NEWS
Turmeric futures traded up on NCDEX on lower arrivals from the As farmers prepare fields for kharif sowing, the government is
producing regions. Reports showed that the turmeric arrivals in the considering increasing the minimum support price (MSP) of cotton by Rs
country are lower in first 14 days of May at 28,212 tons compared to 160 per quintal to Rs 4,320 for the 2017-18 crop year beginning July. It is
69,452 tons during April (1-14). The contract for May delivery was also planning to promote Bt cotton variety developed by the government
trading at Rs 5680.00, up by 1.46% or Rs 82.00 from its previous research body ICAR and expects increased area coverage and better output
closing of Rs 5598.00. The open interest of the contract stood at 695 on hopes of good southwest monsoon that has already hit Kerala in
lots. The contract for June delivery was trading at Rs 5698.00, up by advance. For the ongoing 2016-17 crop year, MSP of medium staple cotton
0.25% or Rs 14.00 from its previous closing of Rs 5684.00. The open has been fixed at Rs 3,860 per quintal and long staple cotton at Rs
interest of the contract stood at 16115 lots on NCDEX. 4,160. According to sources, the Agriculture Ministry has proposed
increase in cotton MSP by Rs 160 per quintal for the 2017-18 crop year,
Jeera futures traded higher on NCDEX on rising demand at the spot based on the recommendation of the Commission for Agricultural Costs
market. Moreover, lower arrivals from the producing regions too and Prices (CACP). It has moved a Cabinet note for inter-ministerial
fuelled the uptrend. The contract for May delivery was trading at Rs comments on fixing MSP at Rs 4,020 per quintal for medium staple cotton
18000, up by 0.73% or Rs 130.00 from its previous closing of Rs and Rs 4,320 per quintal for long staple cotton for the 2017-18 crop year.
17870. The open interest of the contract stood at 69 lots. The contract
for June delivery was trading at Rs 18150, up by 0.06% or Rs 10.00 The government today decided to set up Indian Agricultural Research
from its previous closing of Rs 18140. The open interest of the contract Institute (IARI) in Assam at a cost of over Rs 155 crore to promote agri-
stood at 16974 lots on NCDEX. education and realise second green revolution in the north eastern region. A
decision to this effect was taken at the Union Cabinet meeting, headed by
Soybean futures traded marginally higher on NCDEX as speculators Prime Minister Narendra Modi. The first IARI was set up in the national
enlarged their positions, despite lower domestic demand as 60 percent capital way back in 1967. The Modi government announced plans to set up
of soybean mills in Madhya Pradesh reported to have shut down four such institutes the Budget 2014-15. "The work to set up an IARI in
because of subdued demand for soymeal and lower prices of soyoil. Ranchi (Jharkhand) has started. The IARI-Assam was delayed as the
The contract for May delivery was trading at Rs 2804.00, up by 0.79% previous government did not give land. The current (Sarbananda) Sonowal
or Rs 22.00 from its previous closing of Rs 2782.00. The open interest government has given 587 acres of land and work will start," Union
of the contract stood at 4080 lots. The contract for June delivery was Minister Piyush Goyal told reporters after the meeting. The Cabinet has
trading at Rs 2830.00, up by 0.71% or Rs 20.00 from its previous approved the agriculture ministry's proposal to set up an IARI in Dhemaji
closing of Rs 2810.00. The open interest of the contract stood at district in Assam. It has also approved 98 positions, an official statement
133210 lots on NCDEX. said. The IARI-Assam would focus more on research activities and will
teach 67 MSc students and 106 PhD students, Goyal said, adding that it
will promote research in agriculture and benefit eight north eastern states.

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Technical Outlook

BUY CORIANDER APR ABOVE 5350 TARGET 5380 5420 5470 SELL TURMERIC MAYBELOW 5680 TARGET 5650 5610 5560
SL BELOW 5300 SL ABOVE 5730

BUY GUARGUM5 MAY ABOVE 7620 TARGET 7650 7690 7740


SL BELOW 7570

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Date: 2017-05-17 21:34+05:30