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DAILY AGRI COMMODITY REPORT

08 JUNE 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 4625 4675 4583 4599 -1.69 3910 - - - - - - -

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

4563 4527 - -

PIVOT Coriander short term PIVOT


INTRADAY INTRADAY
trend is bearish and may -
LEVELS LEVELS -
4619
continue in coming days.
RES. 1 RES. 2 RESISTA RES. 1 RES. 2
RESISTAN
CE NCE - -
4655 4711

TURMERIC GUARGUM 5MT

JUN 5422 5476 5348 5350 -2.01 2435 JUN 7116 7217 7051 7070 -1.50 5310

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

5306 5263 7008 6946

PIVOT Turmeric short term trend PIVOT Guargum Short term


INTRADAY INTRADAY
is bearish and may trend is bearish and may
LEVELS LEVELS 7112
5391
continue in coming days. continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2
CE 5434 5519 CE 7174 7278

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Most Active Contract
NCDEX INDICES
TOP GAINERS

Symbol Expiry Date Current Price Change Change % Pre. %


Index Value
Close Change

SOY BEAN 20-06-2017 2746.00 53.00 1.97%


Castorseed 4215 4192 -1.60

MAIZE -
FEED/INDUSTRIAL 20-06-2017 1416.00 26.00 1.87% Chana - - -
GRADE

TOP LOSERS
Coriander 4599 4678 -1.69
Symbol Expiry Date Current Price Change Change %

TURMERIC 20-06-2017 5350.00 -98.00 -1.80% Guargum5MT 7070 7178 -1.50

V 797 KAPAS 30-04-2018 875.50 -9.50 -1.07% Jeera 18260 18410 -0.81

GUAR SEED 10 MT 20-06-2017 3215.00 -32.00 -0.99% Musterseed 3524 3532 -0.23

MAIZE -
FEED/INDUSTRIAL 20-06-2017 1255.00 -8.00 -0.63% Soybean 2746 2701 1.67
GRADE

CORIANDER 20-06-2017 4599.00 -29.00 -0.63% Turmeric 5350 5460 -2.01

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Commodities In News
ECONOMIC NEWS
Turmeric futures edged lower on NCDEX on higher arrivals from With pulses prices under pressure due to supply glut, the Reserve Bank
the producing regions. Reports showed about 72,120 tons arrived in today made a case for government interventions to arrest the price fall.
May 2017 compared to 30,703 tons during May last year. Though, Pulses prices, especially tur dal, have fallen sharply in wholesale mandis
some losses were capped on increased buying by retailers and stockists below the minimum support price (MSP) of Rs 5,050 per quintal due to a
in the domestic market. The contract for June delivery was trading at record crop this year. In its second bi-monthly Monetary Policy Statement
Rs 5384.00, down by 1.39% or Rs 76.00 from its previous closing of of 2017-18, the RBI said, "...the prices of pulses are clearly reeling under
Rs 5460.00. The open interest of the contract stood at 7190 lots. The the impact of a supply glut caused by record output and imports. Policy
contract for July delivery was trading at Rs 5420.00, down by 1.38% or interventions, including access to open trade, may be envisaged to arrest
Rs 76.00 from its previous closing of Rs 5496.00. The open interest of the slump in prices." There has been a large-scale augmentation of pulses
the contract stood at 12535 lots on NCDEX. supply on account of expansion in acreage, procurement, buffer stocking
and imports, which has caused a sharp decline in prices starting in August
Soybean futures traded higher on NCDEX as speculators enlarged 2016, it said. The government has procured about 2 million tonnes of
their positions amid drastic reduction in soybean arrivals in the physical pulses for buffer stock from both domestic and global markets. Of which,
markets in Madhya Pradesh due to agitation by the farmers. Reports more than 1.6 million tonnes of pulses has been brought directly from local
showed that arrivals of soybean during the first 6 days of June drop by farmers.
78% to 13,225 tonnes as compared to 60,729 in the last week of May.
The contract for June delivery was trading at Rs 2733.00, up by 1.18% With a view to encourage the farming of Kharif onion in the State,
or Rs 32.00 from its previous closing of Rs 2701.00. The open interest Haryana government has decided to provide 50 per cent subsidy on the
of the contract stood at 71680 lots. The contract for July delivery was onion seed. A spokesman of horticulture department said that the
trading at Rs 2808.00, up by 1.37% or Rs 38.00 from its previous maximum amount limit of subsidy of Rs 500 per kilogramme seed or 50
closing of Rs 2770.00. per cent whichever is less would be provided. He said that farmers would
be provided 12.5 kg seed of kharif onion per hectare per farmer. This
Coriander futures declined on NCDEX as participants cut down their subsidy would be given on first-come-first-serve basis and would be
bets, tracking subdued demand in the spot market. Further, rising applicable till the availability of subsidy amount, he added. He said that
arrivals from major growing regions also weighed on coriander futures. farmers could obtain the seed of different varieties of kharif onion from
The contract for June delivery was trading at Rs 4638.00, down by seed sales centres of Haryana Seed Development Corporation Limited by
0.86% or Rs 40.00 from its previous closing of Rs 4678.00. The open depositing their share of the amount. For getting the subsidy, the farmers
interest of the contract stood at 16990 lots. The contract for July have to bring their identity proof like Aadhar card along with its
delivery was trading at Rs 4732.00, down by 0.96% or Rs 46.00 from photocopy, he further added.
its previous closing of Rs 4778.00. The open interest of the contract
stood at 37730 lots on NCDEX.

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Technical Outlook

SELL CORIANDER APR BEOWL 4600 TARGET 4570 4530 4480 BUY TURMERIC MAY ABOVE 5400 TARGET 5430 5470 5520
SL ABOVE 4650 SL BELOW 5350

SELL GUARGUM5 MAY ABOV BELOW 7020 TARGET 6990


6950 6900 SL ABOVE 7070

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