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DAILY AGRI COMMODITY REPORT

09 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 4643 4685 4620 4651 1.20 5240 - - - - - - -

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

4619 4587 - -

PIVOT Coriander short term PIVOT


INTRADAY INTRADAY
trend is bearish and may -
LEVELS LEVELS -
4652
continue in coming days.
RES. 1 RES. 2 RESISTA RES. 1 RES. 2
RESISTAN
CE NCE - -
4684 4717

TURMERIC GUARGUM 5MT

JUN 5350 5462 5338 5436 1.46 4545 JUN 7001 7054 6914 6968 -1.54 5465

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

5362 5288 6903 6838

PIVOT Turmeric short term trend PIVOT Guargum Short term


INTRADAY INTRADAY
is bearish and may trend is bearish and may
LEVELS LEVELS 6978
5412
continue in coming days. continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2
CE 5486 5536 CE 7043 7118

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Most Active Contract
NCDEX INDICES
TOP GAINERS

Symbol Expiry Date Current Price Change Change % Pre. %


Index Value
Close Change

COTTON SEED OIL CAKE


20-06-2017 1634.00 29.00 1.81%
AKOLA Castorseed 4160 4124 0.87

TURMERIC 20-06-2017 5436.00 86.00 1.61% Chana - - -

JEERA 20-06-2017 18520.00 260.00 1.42% Coriander 4651 4596 1.20

CORIANDER 20-06-2017 4651.00 52.00 1.13% Guargum5MT 6968 7077 -1.54

TOP LOSERS Jeera 18520 18195 1.79


Symbol Expiry Date Current Price Change Change %

BARLEY 20-06-2017 1371.00 -10.00 -0.72% Musterseed 3530 3525 0.14

REF SOYA OIL 20-06-2017 628.30 -1.10 -0.17% Soybean 2760 2745 0.55

WHEAT 20-06-2017 1590.00 -1.00 -0.06% Turmeric 5436 5358 1.46

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Commodities In News
ECONOMIC NEWS
Soybean futures traded higher on NCDEX as speculators enlarged Over 4.5 lakh tea workers in West Bengal are going on strike next 12th
their positions amid drastic reduction in soybean arrivals in the physical and 13th with many other movement plans in agenda on demand their
markets in Madhya Pradesh due to agitation by the farmers. The wage structure settlement. The issue, remaining unsettled for over last three
contract for June delivery was trading at Rs 2771.00, up by 0.95% or years, is gradually pushing the whole industry towards a major
Rs 26.00 from its previous closing of Rs 2745.00. The open interest of uncertainty. Along with this 48 hour long tea workers strike in entire tea
the contract stood at 66670 lots. The contract for July delivery was belt in northern West Bengal on 12th and 13th, we request everyone there
trading at Rs 2848.00, up by 0.92% or Rs 26.00 from its previous to make it a general strike on the 13th. The strike will be followed by other
closing of Rs 2822.00. The open interest of the contract stood at 80600 movement steps until the issue does not find any acceptable solution, said
lots on NCDEX. Saman Pathak, a leading functionary in the movement and CITU
Darjeeling District Secretary. Barring few trade unions like INTTUC of
Turmeric futures edged up on NCDEX on increasing exports demand Bengals ruling party TMC, almost all trade unions including CITU have
at the spot market. On the export front, country exported about 1.11 formed a joint forum to fight on the issue. Joint forum wants abolition of
lakh tons in 2016/17 up by 30% compared to last year exports of the 40 years old system of wage negotiation once every three years. On
85,412 tons. Though, some gains were capped as the turmeric arrivals expiry of one such three years long term on 31st March 2014, it raised
in the country are higher in the month of May. Reports showed about demand of payment as per Minimum Wage Act.
72,120 tons arrived in May 2017 compared to 30,703 tons during May
last year. The contract for June delivery was trading at Rs 5380.00, up The government today approved higher support price of 14 kharif crops
by 0.41% or Rs 22.00 from its previous closing of Rs 5358.00. The including paddy and pulses in a bid to provide comfort to farmers who
open interest of the contract stood at 6610 lots. The contract for July begin sowing in full swing from next month. Although no official
delivery was trading at Rs 5430.00, up by 0.59% or Rs 32.00 from its announcement was made about the increase in minimum support price
previous closing of Rs 5398.00. The open interest of the contract stood (MSP), sources indicated that the Cabinet has gone with the
at 13320 lots on NCDEX. recommendation of the agriculture ministry for the 2017-18 kharif
season. The approval comes amid farmer protests in Maharashtra and
Jeera futures traded up on NCDEX on rising domestic as well as Madhya Pradesh seeking waiver of their crop loans. As many as five
exports demand at the spot market. On the export front, country the persons have been killed in firing during protects in Mandsaur district of
exports increase by 26% to 1.24 lt in 2016/17. Further, the jeera arrival Madhya Pradesh. It was not clear yet if the increase in MSP would help
in May is lower this year compared to last year too fuelled the uptrend. douse some of the fire. Incidentally, Agriculture Minister Radha Mohan
Reports showed about 10,688 tons of jeera arrived in May 2017 Singh cancelled his press conference on cleanliness drive while Cabinet
compared to 14,302 May last year. The contract for June delivery was briefing was also not held. The agriculture ministry had proposed Rs 80 per
trading at Rs 18355.00, up by 0.88% or Rs 160.00 from its previous quintal hike in the MSP of paddy to Rs 1,550 for common grade variety
closing of Rs 18195.00. The open interest of the contract stood at 2610 and Rs 1,590 for 'A' grade variety.
lots.

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Technical Outlook

SELL CORIANDER APR BEOWL 4600 TARGET 4570 4530 4480 BUY TURMERIC MAY ABOVE 5450 TARGET 5480 5520 5570
SL ABOVE 4650 SL BELOW 5400

SELL GUARGUM5 MAY ABOV BELOW 6950 TARGET 6930


6890 6820 SL ABOVE 7000

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Date: 2017-06-08 20:13+05:30