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DAILY AGRI COMMODITY REPORT

27 JUNE 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

JUL 4975 5125 4931 5125 3.98 10830 - - - - - - -

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

4995 4866 - -

PIVOT Coriander short term PIVOT


INTRADAY INTRADAY
trend is bearish and may -
LEVELS LEVELS -
5060
continue in coming days.
RES. 1 RES. 2 RESISTA RES. 1 RES. 2
RESISTAN
CE NCE - -
5189 5254

TURMERIC GUARGUM 5MT

JUL 6210 6250 6040 6130 -1.70 6725 JUL 6910 7010 6809 6817 -1.64 21010

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

6030 6930 6747 6677

PIVOT Turmeric short term trend PIVOT Guargum Short term


INTRADAY INTRADAY
is bearish and may trend is bearish and may
LEVELS LEVELS 6878
6140
continue in coming days. continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2
CE 6240 6350 CE 6948 7079

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Most Active Contract
NCDEX INDICES
TOP GAINERS

Symbol Expiry Date Current Price Change Change % Pre. %


Index Value
Close Change

CORIANDER 20-07-2017 5170.00 216.00 4.36%


Castorseed 4383 4259 2.98

JEERA 20-07-2017 18900.00 545.00 2.97%


Chana - - -

TURMERIC 20-07-2017 6390.00 180.00 2.90%


Coriander 5170 5106 1.25

COTTON SEED OIL CAKE


20-07-2017 1671.00 31.00 1.89%
AKOLA
Guargum5MT 6769 6845 -1.11

TOP LOSERS
Jeera 18900 18590 1.67
Symbol Expiry Date Current Price Change Change %

WHEAT 20-07-2017 1606.00 -9.00 -0.56% Musterseed 3552 3503 1.40

GUAR SEED 10 MT 20-07-2017 3258.00 -16.00 -0.49% Soybean 2847 2830 0.60

V 797 KAPAS 30-04-2018 868.50 -3.50 -0.40% Turmeric 6390 6150 3.90

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Commodities In News
ECONOMIC NEWS
Turmeric futures traded higher on NCDEX as participants created With Kenya and Sri Lanka, the major exporters of bulk tea witnessing
positions, triggered by uptick in domestic as well export demand in the erratic cropping patterns thereby leading to supply side issues, the demand
spot market. Besides, restricted supplies from producing regions also for Indian teas has increased in the global markets, according to an
added support to turmeric prices uptrend. The contract for July ICRABSE -0.36 % report. Export volumes during first four months of
delivery was trading at Rs 6318.00, up by 2.73% or Rs 168.00 from its CY2017 have increased by around 5.7%; the realizations also witnessed an
previous closing of Rs 6150.00. The open interest of the contract stood increase, albeit modestly, at 5.6%. According to ICRA, the continuation of
at 13715 lots. The contract for August delivery was trading at Rs such a favourable export scenario going forward, would have a positive
6398.00, up by 2.73% or Rs 170.00 from its previous closing of Rs impact on domestic prices as well. However, continuing cost pressures,
6228.00. The open interest of the contract stood at 2635 lots on primarily attributable to the increase in wage rates, would keep margins
NCDEX. under check. In the first four months of CY2017 under consideration,
Jeera futures traded up on NCDEX after participants widened black tea production in the major tea-growing countries of India, Kenya
positions backed by rising demand at the spot market. Moreover, and Sri Lanka witnessed a de-growth of 11%, primarily due to significant
restricted supplies from the producing regions and some export drop in Kenyan production.
enquiries too supported the uptrend. The contract for July delivery was Foodgrains trade body IPGA has demanded that the government allow
trading at Rs 18820.00, up by 1.24% or Rs 230.00 from its previous traders methyl bromide fumigation of all imported agri-commodities at
closing of Rs 18590.00. The open interest of the contract stood at Indian ports till June 2018 to ensure smooth supply. In March, the
11484 lots. The contract for August delivery was trading at Rs agriculture ministry had extended till this month the deadline on exemption
18860.00, up by 1.18% or Rs 220.00 from its previous closing of Rs given to traders for fumigating all imported agri-commodities including
18640.00. The open interest of the contract stood at 3390 lots on pulses at Indian ports instead of the country of origin. "We have sincerely
NCDEX. urged the government to allow methyl bromide fumigation at Indian ports
Soybean futures traded marginally higher on NCDEX as speculators for next one year," India Pulses and Grains Association (IPGA) Chairman
enlarged their positions on reports of slow progress of soybean planting Pravin Dongre said. IPGA CEO Pradeep Ghorpade said the import
and lower arrivals in physical markets. However, some gains were volumes will be affected and consignments will become costlier if methyl
limited on weak physical demand and reports of monsoon rains may bromide fumigation is not allowed after this month. According to the
cover soybean belt in Madhya Pradesh, Maharashtra and Rajasthan March order, the consignments of all imported agri-commodities, whose
before the beginning of July. The contract for July delivery was trading date of bill of lading in the country of export is June 30, 2017 or before will
at Rs 2835.00, up by 0.18% or Rs 5.00 from its previous closing of Rs be allowed without offshore methyl bromide fumigation from those
2830.00. The open interest of the contract stood at 78710 lots. The countries, which certify discontinuance of this chemical for phytosanitary
contract for August delivery was trading at Rs 2890.00, up by 0.14% or measure. India produced a record 22.40 million tonnes of pulses in the
Rs 4.00 from its previous closing of Rs 2886.00. The open interest of 2016-17 crop year and imported about 6 million tonnes of pulses last fiscal,
the contract stood at 46650 lots on NCDEX. resulting in sharp fall in domestic prices and causing distress to farmers.

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Technical Outlook

BUY CORIANDER APR ABOVE 5180 TARGET 5210 5250 5300 BUY TURMERIC MAY ABOVE 6420 TARGET 5450 5490 5540
SL BELOW 5130 SL BELOW 6370

BUY GUARGUM5 MAY ABOVE 6800 TARGET 6830 6870 6920


SL BELOW 6750

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Loveles Lovelesh Sharma


DN: cn=Lovelesh Sharma
c=IN o=Personal
Investment in equity & bullion market has its own risks. h Reason: I am the author
of this document
Location:
Sharma Date: 2017-06-27
20:53+05:30

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