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13-Jun-2018 Agri Commodity Update

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Agri Commodity Update Market Views MONTH

OPEN

HIGH

LOW

CLOSE

% CHG

VOL

MONTH

OPEN

HIGH

LOW

4240

4298

4225

SUPPORT

SUPP.1

SUPP. 2

4181

4167

4196

PIVOT

INTRADAY LEVELS

4240 RESISTANCE

RES. 1

RES. 2

4254

4240

1.02

330

Coriander short term trend is bearish and may continue in coming days.

-

-

-

-

SUPPORT

SUPP. 1

SUPP. 2

-

-

7092

7114

7092

SUPPORT

SUPP. 1

SUPP. 2

7047

7059

RESISTANCE

RES. 1

RES. 2

7069

7103

-

-

-

PIVOT

LEVELS

RESISTANC E

RES. 1

RES. 2

-

-

-

-

GUARGUM 5MT

7036

PIVOT

INTRADAY LEVELS

VOL

INTRADAY

TURMERIC

JUN

% CHG

CASTORSEED

CORIANDER

JUN

CLOSE

7081

1.11

40

Turmeric short term trend is bearish and may continue in coming days.

JUN

7512

7600

7445

SUPPORT

SUPP. 1

SUPP. 2

7413

7352

7475

PIVOT

INTRADAY LEVELS

7507 RESISTANCE

RES. 1

RES. 2

7568

7662

0.20

1110

Guargum Short term trend is bearish and may continue in coming days.


Agri Commodity Update Most Active Contract TOP GAINERS Symbol

Expiry Date

Current Price

Change

NCDEX INDICES

Change %

CORIANDER

20-06-2018

4250

55

1.31

Index

TURMERIC

20-06-2018

7114

84

1.19

Castorseed

3870

3851

0.49

JEERA

20-06-2018

16125

180

1.13

Chana

3261

3324

-1.9

COTTON SEED OIL CAKE AKOLA

20-06-2018

1472

12.5

0.86

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

Value

Pre. Close

% Change

TOP LOSERS Symbol CHANA

Expiry Date 20-06-2018

Current Price 3269

Change -41

Change % -1.24

RAPESEED-MUSTARD SEED

20-06-2018

REF SOYA OIL

20-06-2018

735

-5

-0.68

MAIZE - FEED

20-06-2018

1160

-5

-0.43

3905

-27

-0.69


Agri Commodity Update Commodities In News  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.

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 presowing 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.


Agri Commodity Update Technical Outlook

BUY CORIANDER JUN ABOVE 4300 TARGET 4320/4340/4360 SL 4270

SELL GUARGUM5 JUN BELOW 7420 TARGET 7380/7340/7300 SL 7470

BUY TURMERIC JUN ABOVE 7140 TARGET 7170/7200/7230 SL 7100


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Daily agri report of 13 june 2018 by epic research  

Epic Research is a fastest growing financial advisory services provider. We offer daily reports on different segments of market for traders...

Daily agri report of 13 june 2018 by epic research  

Epic Research is a fastest growing financial advisory services provider. We offer daily reports on different segments of market for traders...

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