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DAILY AGRI COMMODITY REPORT

14 JULY 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 5058 5107 5020 5020 2.22 240 - - - - - - -

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

4991 4962 - -

PIVOT Coriander short term PIVOT


INTRADAY INTRADAY
trend is bearish and may -
LEVELS LEVELS -
4049
continue in coming days.
RES. 1 RES. 2 RESISTA RES. 1 RES. 2
RESISTAN
CE NCE - -
5078 5136

TURMERIC GUARGUM 5MT

JUL 7330 7358 7200 7200 -2.81 220 JUL 6783 6865 6750 6750 -0.60 615

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

7147 7094 6711 6673

PIVOT Turmeric short term trend PIVOT Guargum Short term


INTRADAY INTRADAY
is bearish and may trend is bearish and may
LEVELS LEVELS 6788
7252
continue in coming days. continue in coming days.
RESISTAN RES. 1 RES. 2 RESISTAN RES. 1 RES. 2
CE 7305 7410 CE 6826 6903

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Most Active Contract
NCDEX INDICES
TOP GAINERS

Symbol Expiry Date Current Price Change Change % Pre. %


Index Value
Close Change

JEERA 20-07-2017 19915.00 715.00 3.72%


Castorseed 4423 4433 -0.23

CORIANDER 20-07-2017 5020.00 33.00 0.66%


Chana - - -

WHEAT 20-07-2017 1644.00 7.00 0.43% Coriander 5020 4911 2.22

TOP LOSERS Guargum5MT 6750 6791 -0.6


Symbol Expiry Date Current Price Change Change %

Jeera 19915 19185 3.81


TURMERIC 20-07-2017 7200.00 -202.00 -2.73%

SOY BEAN 20-07-2017 2885.00 -45.00 -1.54% Musterseed 3621 3626 -0.14

REF SOYA OIL 20-07-2017 636.00 -6.30 -0.98% Soybean 2885 2939 -1.84

BARLEY 20-07-2017 1420.00 -13.50 -0.94% Turmeric 7200 7408 -2.81

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Commodities In News
ECONOMIC NEWS
Soyabean futures traded lower on NCDEX as participants offloaded The government increased import duty on sugar to 50% to curb
their positions, triggered by a weak trend in global markets on higher dumping of the commodity in India as international prices fell. The
inventories. The contract for July delivery was trading at Rs 2915.00, industry expects the move to prevent a build-up of arrears in payments to
down by 0.82% or Rs 24.00 from its previous closing of Rs 2939.00. sugar cane farmers in the next season starting October 2017. Import duty
The open interest of the contract stood at 7900 lots. The contract for on raw sugar, refined or white sugar that is imported by bulk consumers
August delivery was trading at Rs 3000.00, down by 1.25% or Rs under tariff head 1701 will increase from the present 40% to 50% with
38.00 from its previous closing of Rs 3038.00. The open interest of the immediate effect, the Central Board of Excise and Customs said in a
contract stood at 76710 lots on NCDEX. notification dated July 10. No end date was specified for the duty
increase. "The hike has come in time. It will safeguard the industry," said T
Turmeric futures edged down on NCDEX on account of fall in Sarita Reddy, president of the Indian Sugar Mills Association. "If we had
demand at the spot market. Though, some loses were capped on fear of imported more sugar, it would have led to collapse of the industry and
deficient rains in the turmeric growing regions in the country. The prices would have gone down drastically. Reddy said there was good
contract for July delivery was trading at Rs 7262.00, down by 1.97% or availability of sugar in the country following the duty-free import of 5 lakh
Rs 146.00 from its previous closing of Rs 7408.00. The open interest of tonnes, which ensured domestic prices were under check.
the contract stood at 490 lots. The contract for August delivery was
trading at Rs 7266.00, down by 3.53% or Rs 266.00 from its previous The Darjeeling tea industry is staring at a loss of Rs 250 crore due to the
closing of Rs 7532.00. The open interest of the contract stood at 15970 ongoing shutdown called by Gorkha Janmukti Morcha(GJM) which
lots on NCDEX. entered the 26th day today. "The second flush tea is premium tea which is
mostly exported. There is no production of the tea since the shutdown
Coriander futures traded higher on NCDEX as participants indulged started. The expected loss will be Rs 250 crore," Darjeeling Tea
in enlarging positions amid rising demand in the domestic spot market. Association(DTA) chairman Binod Mohan told PTI. "We fear that the
Besides, fall in supplies from major producing regions also fuelled the overseas buyers may shift to other countries to fill in the vacuum. If this
uptrend. The contract for July delivery was trading at Rs 5072.00, up continues, they might even lose interest in the Darjeeling second flush
by 3.28% or Rs 161.00 from its previous closing of Rs 4911.00. The variety," he said. Mohan said that the industry hopes that the all-party
open interest of the contract stood at 1240 lots. The contract for August meeting called tomorrow at Darjeeling will give relaxation to the tea
delivery was trading at Rs 5135.00, up by 0.94% or Rs 48.00 from its gardens. A total of 87 gardens are located in Darjeeling owned by 30
previous closing of Rs 5087.00. The open interest of the contract stood different companies producing 8.5 million kg of tea. A total of 87 gardens
at 42800 lots on NCDEX. are located in Darjeeling owned by 30 different companies producing 8.5
million kg of tea. The workers were also in distress as there are ration
supplies. They must be managing somehow, he said.

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Technical Outlook

SELL CORIANDER BELOW 5000 TARGET 4970 4930 4880 SL SELL TURMERIC ABOVE 7170 TARGET 7140 7100 6950 SL
ABOVE 5050 ABOVE 7220

SELL GUARGUM5 BELOW 6740 TARGET 6710 6670 6620 SL


ABOVE 6790

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