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14-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

CORIANDER

JUN

4307

4390

4300

SUPPORT

SUPP.1

SUPP. 2

4245

4227

4263

4317 RESISTANCE

RES. 1

RES. 2

4335

4407

2.86

260

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

-

-

-

-

SUPPORT

SUPP. 1

SUPP. 2

-

-

7168

7376

7168

SUPPORT

SUPP. 1

SUPP. 2

7056

7008

RESISTANCE

RES. 1

RES. 2

7264

7424

-

-

-

PIVOT

LEVELS

RESISTANC E

RES. 1

RES. 2

-

-

-

-

GUARGUM 5MT

7104

PIVOT

INTRADAY LEVELS

VOL

INTRADAY

TURMERIC

JUN

% CHG

CASTORSEED

PIVOT

INTRADAY LEVELS

CLOSE

7216

3.83

115

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

JUN

7575

7640

7575

SUPPORT

SUPP. 1

SUPP. 2

7505

7507

7503

PIVOT

INTRADAY LEVELS

7572 RESISTANCE

RES. 1

RES. 2

7570

7637

1.29

660

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 %

TURMERIC

20-06-2018

7376.00

272.00

3.83%

Index

CORIANDER

20-06-2018

4385.00

122.00

2.86%

Castorseed

3941

3846

2.47

CASTOR SEED

20-06-2018

3941.00

95.00

2.47%

Chana

3337

3286

1.55

CHANA

20-06-2018

3337.00

51.00

1.55%

Coriander

4385

4263

2.86

Guargum5MT

8880

8785

1.08

Jeera

16350

16185

1.02

Musterseed

3928

3907

0.54

Soybean

3320

3326

-0.18

Turmeric

7376

7104

3.83

Value

Pre. Close

% Change

TOP LOSERS Symbol

MAIZE FEED/INDUSTRIAL GRADE

Expiry Date

20-06-2018

Current Price

1130.00

Change

-30.00

Change %

-2.59%

WHEAT

20-08-2018

1802.00

-10.00

-0.55%

BARLEY

20-06-2018

1485.00

-5.00

-0.34%

SOY BEAN

20-06-2018

3320.00

-6.00

-0.18%


Agri Commodity Update Commodities In News  India’s tea production fell by 7.21% to 85.74 million kg in April 2018 from 92.41 million kg produced in the year-ago month, according to provisional data from the Tea Board of India. Estimated production data suggested the fall in absolute term during April was due to drop in the crop production both in north (which also covers the east and northeast India) and south India. In north India, Assam’s production for the month was marginally up to 45.65 million kg as compared to 44.24 million kg produced in the corresponding month of 2017 while West Bengal’s production for the month stood at 15.73 million kg, down by nearly 20 per cent from 19.6 million kg produced in the same month of 2017.  New high-yielding fine Rice variety 'MGR 100' has been brought out by the Tamil Nadu Agricultural University (TNAU) which will be popularised among cultivators. In the initial phase, its cultivation would be taken up in ten districts. TNAU has been planned to produce seeds for MGR 100 during this current fiscal by establishing demonstration plots in ten districts with the participation of farmers. The seed production would be initiated under the direct supervision of the agricultural experts. The new variety is the rechristened with the nomenclature CO 52, which is a derivative of the cross involving BPT 5204 and CO (R) 50.  With closing stocks of Cotton anticipated to be at a six-year low for the current season, ending September, prices of the fiber crop have started firming up as the new crop harvest entries are expected from mid-October onwards, which is as yet three-four months away. According to the Cotton Association of India (CAI), Cotton carry-over stock from the 2017-18 season is estimated to be 16 lakh bales (each of 170 kg), which is said to be the lowest since 2011-12. New crop arrival will take place by mid-October due to delayed rains in Cotton growing regions. Cotton sowing is likely to take place by Mid-July.

ECONOMIC NEWS 

India's cotton exporters have signed contracts to ship 500,000 bales (85,000 tonnes) of their new season harvest to China as the world's biggest consumer of the fibre looks to raise its imports in the next crop year, industry officials told Reuters. Exporters in India, the world's biggest producer of cotton, usually start selling new season cotton from end-August, after estimating the nation's crop size. But robust demand from China and higher prices have prompted Indian exporters to sign deals in advance, the officials said. "Chinese demand is very robust. They are ready to book Indian cotton," said Atul Ganatra, president of the Cotton Association of India (CAI). "But Indian traders don't have a clear idea about the upcoming crop size and prices, so they are hesitant to commit to large amounts," he said. Most Indian farmers sow cotton with the arrival of monsoon rains in June, and the crop is typically ready for harvesting from the end of September. 

Technically Cardamom market is under fresh buying as market has witnessed gain in open interest by 16.5% to settled at 233 while prices up 36.5 rupees. Now MCX Cardamom is getting support at 933 and below same could see a test of 915.1 level, And resistance is now likely to be seen at 959.9, a move above could see prices testing 968.9. Cardamom on MCX settled up by 3.99% at 951 on short covering after prices dropped on reports of bumper output on the back of favourable weather amid poor stocks of quality goods. There has been raining in the producing centres of Kerala and present weather is conducive to the coming crop. Spice Board cut the number auctions due to falling arrivals at the auction centres. Producing centres of Kerala are getting good rains and monsoon is also expected to hit Kerala coast three days before schedule. India exported 4,180 ton cardamom valued at Rs 4.56 billion during April-December 2017, data from Spices Board showed.


Agri Commodity Update Technical Outlook

BUY CORIANDER JUN ABOVE 4400 TARGET 4420/4440/4460 SL 4370

BUY GUARGUM5 JUN ABOVE 7650 TARGET 7690/7730/7770 SL 7600

BUY TURMERIC JUN ABOVE 7390 TARGET 7420/7450/7480 SL 7350


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Daily agri report of 14 june 2018 by epic research  

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Daily agri report of 14 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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