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DAILY AGRI COMMODITY REPORT

26 MAY 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 4933 5173 4933 5125 2.97 13740 - - - - - - -

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

4981 4837 - -

PIVOT Coriander short term PIVOT


INTRADAY INTRADAY
trend is bearish and may -
LEVELS LEVELS -
5077
continue in coming days.
RES. 1 RES. 2 RESISTA RES. 1 RES. 2
RESISTAN
CE NCE - -
5221 5317

TURMERIC GUARGUM 5MT

JUN 5234 5420 5234 5386 2.32 5850 JUN 7525 7618 7467 7551 0.15 15630

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

5273 5160 7472 7394

PIVOT Turmeric short term trend PIVOT Guargum Short term


INTRADAY INTRADAY
is bearish and may trend is bearish and may
LEVELS LEVELS 7545
5346
continue in coming days. continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2
CE 5459 5532 CE 7623 7696

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Most Active Contract
NCDEX INDICES
TOP GAINERS

Symbol Expiry Date Current Price Change Change % Pre. %


Index Value
Close Change

CORIANDER 20-06-2017 5125.00 155.00 3.12%


Castorseed 4442 4419 0.53

TURMERIC 20-06-2017 5386.00 122.00 2.32%


Chana - - -

SOY BEAN 20-06-2017 2742.00 12.00 0.44% Coriander 5125 4977 2.97

GUAR SEED 10 MT 20-06-2017 3502.00 11.00 0.32% Guargum5MT 7551 7540 0.15

TOP LOSERS
Jeera 17645 17595 0.28
Symbol Expiry Date Current Price Change Change %

WHEAT 20-06-2017 1600.00 -4.00 -0.25% Musterseed 3542 3542 0.00

V 797 KAPAS 30-04-2018 949.50 -1.50 -0.16%


Soybean 2742 2371 0.40

MAIZE -
FEED/INDUSTRIAL 20-06-2017 1321.00 -1.00 -0.08% Turmeric 5386 5264 -3.98
GRADE
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Commodities In News
ECONOMIC NEWS
Turmeric futures traded up on NCDEX as participants built up fresh On a rainy day in June 1946, the then minister of agriculture MA
positions, triggered by uptick in domestic as well export demand in the Sreenivasan convinced the Representative Assembly -in session at the
spot market. Moreover, restricted supplies from producing regions also Town Hall -that it was time to build an agricultural college in Bengaluru.
added support to turmeric prices uptrend. The contract for June Syllabi were drawn and Mysore University affiliations were secured. Sheds
delivery was trading at Rs 5322.00, up by 1.10% or Rs 58.00 from its were acquired from Lahore and put up at Hebbal. Finally, with 44 students,
previous closing of Rs 5264.00. The open interest of the contract stood the agriculture college commenced classes in August 1946. In the next two
at 15000 lots. The contract for July delivery was trading at Rs 5390.00, decades, this institute took shape as the University of Agricultural Sciences
up by 0.94% or Rs 50.00 from its previous closing of Rs 5340.00. The (UAS). When Bengaluru was taking baby steps in agricultural science
open interest of the contract stood at 5310 lots on NCDEX. research, the man who conceived the idea -back in the early 1900s -was in
the evening of his life in Canada. Leslie Coleman is an unfamiliar name
Coriander futures traded higher on NCDEX as speculators built up among the list of officers and administrators whose legacies continue to
fresh positions amid rising demand in the spot market. Further, limited touch lives in present-day Bengaluru. The Canadian, born on June 16,
arrivals from major producing belts also fuelled the uptrend. The 1878, was the first entomologist (who studies insects) and mycologist (who
contract for June delivery was trading at Rs 5020.00, up by 0.86% or studies fungi) of the Old Mysore State. This June marks his 139th birth
Rs 43.00 from its previous closing of Rs 4977.00. The open interest of anniversary.
the contract stood at 41980 lots. The contract for July delivery was
trading at Rs 5112.00, up by 0.79% or Re 40.00 from its previous The Cabinet Committee on Economic Affairs (CCEA) on Wednesday
closing of Rs 5072.00. The open interest of the contract stood at 17180 has agreed to fix the fair and remunerative price (FRP) for sugarcane atRs
lots on NCDEX. 255 per quintal for the new sugar season (October-September). This marks
a Rs 25 per quintal increase compared to the previous year. This 11% rise
Jeera futures traded down on NCDEX on easing demand from in FRP has taken place after two years. Last year, the government had kept
retailers and stockists at the spot market. Further, sufficient stocks prices unchanged at Rs 230 per quintal. In 2009-10, FRP was about Rs 130
position following increased arrivals from producing regions too per quintal. The latest revision is the seventh increase since 2010-11,
fuelled the downtrend. The contract for June delivery was trading at Rs marking a 96% increase. Meanwhile, industry association body, the Indian
17510, down by 0.48% or Rs 85.00 from its previous closing of Rs Sugar Mills Association (ISMA), said sugar prices in wholesale and retail
17595. The open interest of the contract stood at 14784 lots. The are likely to correct with the latest development as demand for sugar by the
contract for July delivery was trading at Rs 17645, down by 0.56% or industry was less. FRP is fixed by the central government keeping in view
Rs 100.00 from its previous closing of Rs 17745. The open interest of the recommendations of the Commission for Agricultural Costs and Prices
the contract stood at 2760 lots on NCDEX. (CACP). It is the minimum assured price that farmers get. Some state
governments declare State Advisory Price (SAP) which is above the FRP
to protect farmers interest.

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Technical Outlook

BUY CORIANDER APR ABOVE 5190 TARGET 6220 6260 6310 SELL TURMERIC MAYBELOW 5370 TARGET 5340 5300 5250
SL BELOW 5140 SL ABOVE 5420

SELL GUARGUM5 MAY BELOW 7530 TARGET 7500 7460


7410 SL ABOVE 7580

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Date: 2017-05-25 20:51+05:30