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18-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

4866

4914

4848

SUPPORT

SUPP.1

SUPP. 2

4847

4814

RES. 1

RES. 2

4913

4946

4880

4880

-0.55

4040

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

-

-

-

-

SUPPORT

SUPP. 1

SUPP. 2

-

-

7420

7222

SUPPORT

SUPP. 1

SUPP. 2

7253

7138

RES. 1

RES. 2

7451

7534

RESISTANCE

-

-

LEVELS

RESISTANC E

RES. 1

RES. 2

-

-

-

-

GUARGUM 5MT

7368

PIVOT

INTRADAY LEVELS

-

PIVOT

TURMERIC

7420

VOL

INTRADAY

RESISTANCE

MAY

% CHG

CASTORSEED

PIVOT

INTRADAY LEVELS

CLOSE

7336

-1.79

5165

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

MAY

8430

8470

8355

SUPPORT

SUPP. 1

SUPP. 2

8396

8318

8474

PIVOT

INTRADAY LEVELS

RES. 1

RES. 2

8511

8548

RESISTANCE

8433

-1.35

10720

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 %

% Change

CHANA

18-05-2018

3610.00

48.00

1.35%

Index

Value

Pre. Close

BARLEY

18-05-2018

1464.00

15.00

1.04%

Castorseed

4009

4032

-0.57

WHEAT

18-05-2018

1800.00

15.00

0.84%

Chana

3610

3609

0.03

CORIANDER

18-05-2018

4825.00

27.00

0.56%

Coriander

4825

4808

0.35

Guargum5MT

8880

8785

1.08

Jeera

16340

16300

0.25

Musterseed

3920

3944

-0.61

Soybean

3710

3730

-0.54

Turmeric

7162

7308

-2.00

TOP LOSERS

Symbol

Expiry Date

Current Price

Change

Change %

TURMERIC

18-05-2018

7162.00

-138.00

-1.89%

GUAR SEED 10 MT

18-05-2018

3810.00

-55.00

-1.42%

GUAR GUM 5 MT

18-05-2018

8350.00

-100.00

-1.18%

SOY BEAN

18-05-2018

3710.00

-20.00

-0.54%


Agri Commodity Update Commodities In News  India has raised its estimate on food-grain production for the ongoing crop year ending June, with normal rains last monsoon season boosting the output of Wheat, Rice, coarse cereals and pulses. The agriculture ministry’s third advance estimates of major crops pegged the output at a record 279.51 million tonnes, raising its February forecast by 0.72%. The previous record was 275.11 million tonnes, achieved in 2016-17. As per the second advance estimate for 2017-18, total food-grain production was pegged at 277.49 million tonnes.

 Maharashtra has been unsuccessful in attaining its Tur (arhar) procurement target for the season despite an extension granted by the Centre. Lack of storage space proved to be a major hurdle in the procurement plans. The Centre has granted permission to Maharashtra for the purchase of 44.60 lakh quintals from February 1. The government began a registration drive for farmers from January 19 and some 4.14 lakh farmers had registered in the drive. The state government has now sought another extension for procurement until June 30. Until the next extension comes, procurement shall be stopped. Pulses import has declined by 10 lakh tonne from 66 lakh tonne in 201617 to 56.5 lakh tonne in 2017-18, resulting in saving of foreign exchange amounting to Rs 9,775 crore. Pulses output hit record high of 23.95 MT in 2017-18 crop year ending next month, beating the earlier record of 23.13 MT achieved in 2016-17. The production increased on the back of good monsoon as well as higher support price offered by the government. Pulses price skyrocketed to over Rs 200/kg in retail market in mid 2016, the centre has been taking various steps to boost their output and make country selfsufficient. The country has been importing 4-6 MT every year to meet the domestic demand of about 24 MT.

ECONOMIC NEWS The

agriculture ministry on Wednesday said that farmer-friendly policy measures have helped reduce import of pulses, wheat and edible oils. Import of pulses declined by 10 lakh tonnes from FY17 to 56.5 lakh tonnes in 2017-18, resulting in saving of foreign exchange amounting to Rs 9,775 crore, the ministry said in a statement. As per the government’s third advance estimate, output of pulses — largely gram, urad and tur — is projected at 24.51 million tonnes in 2017-18 as a result of significant increase in the area coverage and productivity of all major pulses. In 2016-17, production of pulses was pegged at 23.13 million tonnes. To check rise in price of pulses, the Centre has been taking steps to boost their output. India is the biggest producer, importer (46mt) and consumer (26-27 million tonnes) of pulses in the world. To ensure that farmers get remunerative prices, the government has imposed import duty and put quantitative restrictions on the various varieties of pulses. The

natural rubber production has improved marginally while the consumption and import have reached a new high in the provisional data for 2017-18 released by Rubber Board. M K Shanmuga Sundaram, chairman and ED of Rubber Board said the natural rubber (NR) production increased by 0.4% from a year ago to 694,000 tonnes. At the same time, the consumption rose 6.4 % to 1110,660 tonnes NR production was initially projected in 201718 at 800,000 tonnes. However, production during April-December was below expected levels and recorded an increase of only 4.4% as compared with the corresponding period in the previous year. During January-March 2018 it was 10% lower mainly on account of intermittent rains and relatively low rubber prices, he said. Import of NR touched all time high of 469,433 tonnes, an increase by 10.1% from the previous year. Around 70% of import was through duty paid channel. Import of NR was unusually higher due to favourable price situation, increase in consumption and less than expected production.


Agri Commodity Update Technical Outlook

SELL CORIANDER MAY BELOW 4840 TARGET 4810/4770/4720 SL 4890

SELL GUARGUM5 MAY BELOW 8350 TARGET 8310/8270/8220 SL 8400

BUY TMC MAY ABOVE 7290 TARGET 7320/7360/7410 SL 7240


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Daily agri report of 18 may 2018 by epic research  

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Daily agri report of 18 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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