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15-May-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

MAY

4761

4781

4714

SUPPORT

SUPP.1

SUPP. 2

4719

4683

RES. 1

RES. 2

4786

4817

4756

4750

0.06

840

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

-

-

-

-

SUPPORT

SUPP. 1

SUPP. 2

-

-

7264

7170

SUPPORT

SUPP. 1

SUPP. 2

7262

7169

RES. 1

RES. 2

7356

7357

RESISTANCE

-

-

LEVELS

RESISTANC E

RES. 1

RES. 2

-

-

-

-

GUARGUM 5MT

7356

PIVOT

INTRADAY LEVELS

-

PIVOT

TURMERIC

7250

VOL

INTRADAY

RESISTANCE

MAY

% CHG

CASTORSEED

PIVOT

INTRADAY LEVELS

CLOSE

7263

-2.12

590

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

MAY

8325

8325

8298

SUPPORT

SUPP. 1

SUPP. 2

8287

8279

8296

PIVOT

INTRADAY LEVELS

RES. 1

RES. 2

8314

8333

RESISTANCE

8306

0.25

190

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


Agri Commodity Update Most Active Contract TOP GAINERS

NCDEX INDICES Symbol

Expiry Date

Current Price

Change

Change % Index

Value

Pre. Close

% Change

CHANA

18-05-2018

3669.00

117.00

3.29%

WHEAT

18-05-2018

1774.00

32.00

1.84%

Castorseed

4036

4029

0.17

GUAR GUM 5 MT

18-05-2018

8317.00

113.00

1.38%

Chana

3669

3532

3.88

CASTOR SEED

18-05-2018

4036.00

49.00

1.23%

Coriander

4759

4756

0.06

Guargum5MT

8880

8785

1.08

TOP LOSERS Symbol

Expiry Date

Current Price

Change

Change %

TURMERIC

18-05-2018

7200.00

-164.00

-2.23%

Jeera

16400

16250

0.92

COTTON SEED OIL CAKE AKOLA

18-05-2018

1296.00

-23.00

-1.74%

Musterseed

3896

3876

0.52

BARLEY

18-05-2018

1411.50

-22.00

-1.53%

Soybean

3685

3706

-0.57

REF SOYA OIL

18-05-2018

755.40

-11.50

-1.50%

Turmeric

7200

7356

-2.12


Agri Commodity Update Commodities In News  In a bid to boost sagging domestic Pulses price by squeezing imports, the government has further tightened norms for the import of Pulses. The prices of most Pulses have been below the minimum support price levels, leading to farmer unrest in the main Pulses -growing areas. The government has also introduced a quota system only for millers and refiners for the import of Tur, Moong and Urad, according to a notification by the Directorate General of Foreign Trade (DGFT). To avail this quota, Dal millers have to submit applications between May 15 and 25.  Cotton season in Punjab is off to a dull start, with low demand for BT Cotton seeds. The demand has dropped by 20-30 percent less than last year due to factors including delay in supply of canal water and also due to farmers shifting to other crops, especially Paddy and Maize, in which they see higher returns. The sowing of Cotton in the state is less than last year, according to Cotton seeds distributors, although seed prices have come down by about Rs 60 per packet (450 gm) to about Rs 740. The government had revised BT cotton seed prices in March this year. Largely BT Cotton, was grown over 122 lakh hectares in India in 2017-18.  Palm Oil imports by India probably dropped by about 1.7% to 740,000 metric tons in April as higher taxes on shipments curbed demand in the world’s biggest buyer, according to a survey by Bloomberg. Total vegetable oil imports decreased 9.7% to 1.21 million tons, the survey showed. The Solvent Extractors’ Association of India is expected to release its monthly trade numbers this week. Lower imports by India may drag down Palm Oil prices, which have fallen in five out of six months through April. Benchmark futures in Malaysia have lost 4.9% so far this year on expectations of higher production and after India increased import taxes on the vegetable oil in March.

ECONOMIC NEWS Wheat

procurement has risen by 16 per cent to 31.87 million tonnes so far in this marketing year and is all set to cross the government's target of 32 MT, according to official data. State-run Food Corporation of India (FCI) and state agencies had procured 27.57 MT in the same period of the 2017-18 marketing year (April-March). Total wheat procurement stood at 30.82 MT in 2017-18 and government had fixed higher target in view of record output. "There is increase in wheat purchase because more procurement centres were set up this year. As a result, more and more farmers are approaching the centres to sell their produce," a senior FCI official told PTI. As many as 18,326 centres have been established for wheat procurement this year, as against 17,304 centres last year, he said, adding that wheat procurement will surpass the target. As per the data, wheat buying in Punjab has increased to 12.48 MT so far in the 2018-19, from 11.55 MT in the year-ago period. The

Wayanad-based Brahmagiri Development Society (BDS), an initiative to help farmers attain self-sufficiency through meat production, dairy and agriculture, is planning to open 1000 outlets in Kerala to sell its products in the next financial year. The society opened its 96th outlet in Kochi on Monday. "We have covered districts up to Kochi till now and would like to extend activities to Thiruvananthapuram in another year,’’ said P Krishna Prasad, BDS chairman and former CPM MLA. The stalls will sell its specialty Malabar meat comprising, beef, chicken and mutton products and other agricultural foods produced by BDS. The society is aiming at increasing its income by over three times in the current fiscal to Rs 54 crore. In 2017-18, it earned a total income of around Rs 16 crore, nearly 80% rise from the previous year. Prasad said that the society uses the services of a total of 13,000 farmers. It sells the calves and chicken to the farmers for rearing and buy them back at a price by excluding middlemen.


Agri Commodity Update Technical Outlook

SELL CORIANDER MAY BELOW 4750 TARGET 4780/4820/4870 SL 4700

SELL GUARGUM5 MAY BELOW 8290 TARGET 8260/8220/8170 SL 8340

BUY TMC MAY ABOVE 7240 TARGET 7270/7310/7360 SL 7190


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Daily agri report of 15 may 2018 by epic research  

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Daily agri report of 15 may 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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