Agri Commodity Update - 3-July-2018 - For More Information Please visit www.epicresearch.co or contact - Epic Research
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3-July-2018
Agri Commodity Update
For More Information Please visit www.epicresearch.co or contact info@epicresearch.co
Please refer to disclaimer at the end of the report.
Agri Commodity Update
Market Views
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER CASTORSEED
JULY 4700 4806 4667 4681 1.84 10490 - - - - - - -
SUPPORT SUPP. 1 SUPP. 2
SUPPORT SUPP.1 SUPP. 2
4630 4579 - -
Coriander short term PIVOT
INTRADAY PIVOT INTRADAY
trend is bearish and may -
LEVELS 4718 LEVELS -
continue in coming days. RESISTANC RES. 1 RES. 2
RES. 1 RES. 2
RESISTANCE E - -
4769 4857
TURMERIC GUARGUM 5MT
JULY 7360 7396 7220 7362 -1.52 2955 JULY 8171 8390 8171 8171 1.54 15300
SUPP. 1 SUPP. 2 SUPPORT SUPP. 1 SUPP. 2
SUPPORT
7256 7150 8098 8025
Turmeric short term Guargum Short term
INTRADAY PIVOT INTRADAY PIVOT
trend is bearish and may trend is bearish and may
LEVELS 7326 LEVELS 8244
RES. 1 RES. 2 continue in coming days. RES. 1 RES. 2
continue in coming days.
RESISTANCE RESISTANCE
7432 7502 8317 8463
Agri Commodity Update
Most Active Contract
TOP GAINERS
NCDEX INDICES
Symbol Expiry Date Current Price Change Change %
GUAR GUM 5 MT 20-07-2018 8355 388 4.87% Index Value Pre. Close % Change
Castor Seed 4186 4193 -0.17
JEERA 20-07-2018 18690 680 3.78%
Chana 3547 3470 2.22
SOY BEAN 20-07-2018 3629 115 3.27%
Coriander 4767 4681 1.84
GUAR SEED 10 MT 20-07-2018 3914.5 108.5 2.85%
Guargum5MT 8880 8785 1.08
CHANA 20-07-2018 3539 80 2.31%
BARLEY 20-07-2018 1478.5 25.5 1.75% Jeera 18475 18500 -0.14
TOP LOSERS
Mustardseed 4041 3981 1.51
Symbol Expiry Date Current Price Change Change %
TURMERIC 20-07-2018 7250 -164 -2.21% Soy Bean 3618 3566 1.46
WHEAT 20-07-2018 1825 -3 -0.16% Turmeric 7250 7362 -1.52
Agri Commodity Update
Commodities In News
Turmeric on NCDEX settled down 1.65% at 7290 amid rains in ECONOMIC NEWS
Telangana and Maharashtra turmeric growing areas. Turmeric stocks Technically NCDEX Cardamom is getting support at 969.2 and below same
reported lower current year in the spot market.Currently, in Nizamabad could see a test of 959.6 level, And resistance is now likely to be seen at 989.2,
turmeric stocks (both old and new crop) were estimated around 5.10 lakh a move above could see prices testing 999.6. Cardamom settled flat on reports
bags as compared to around 7.00 lakh bags in corresponding time last year. of bumper output on the back of favourable weather amid poor stocks of
Supplies from the new season turmeric have been lower during May at quality goods. There has been raining in the producing centres of Kerala and
53,500 t (Vs 73,500 t) compared last year, as per data.The export of present weather is conducive to the coming crop. Spice Board cut the number
turmeric was down by 24% at 10,462 tonnes in April 2018 compared to last auctions due to falling arrivals at the auction centres. Producing centres of
years’ exports. Exports are lower by 15.5% in first 4 month of current year Kerala are getting good rains and monsoon is also expected to hit Kerala coast
compared to last year. three days before schedule. India exported 4,180-ton cardamom valued at Rs
4.56 billion during April-December 2017, data from Spices Board showed.
Jeera on NCDEX settled up 2.87% at 18670 amid reports of higher Cardamom will be auctioned once every day at e-auction centres in Tamil
exports and restricted supplies in the physical market amid strong demand Nadu's Bodinayakanur and Kerala's Puttady from Monday till Jun 30, the
from domestic markets. However, monsoon revival in several parts of the Spices Board India said.
country capped some gains. Weather conditions have become favorable
with the advancement of monsoon rainfall which could facilitate sowing Cotton on MCX settled up 0.72% at 22350 tracking firmness in spot demand
activities in major growing states. Further, export demand for Indian jeera owing to healthy export demand outlook. Meanwhile, Chinese cotton price
is expected to be strong in the current season owing to lower supplies from moved up sharply in mid-May to early June on expectation that crop number
Turkey and Syria.India jeera crop is projected for bumper harvest thanks to would be lower and ending stocks are lower than average. Cotton acreage till
higher acreage and favorable weather conditions. last week was down by 16% on year to 20.7 lakh hac, according to the farm
ministry data. The fall in area of cotton was mainly due to delay in arrival of
Mentha Oil market is under short covering as market has witnessed drop monsoon over Gujarat, one of the largest growers of the commodity.According
in open interest by 1.65% to settled at 1669 while prices up 19.3 rupees. to commerce ministry data, cotton exports in April is about 8.23 lakh bales, up
Now Mentha Oil is getting support at 1198.9 and below same could see a by 86.13% on year. Exports for the season are only higher by7% at 51.21 lakh
test of 1178.2 levels and resistance is now likely to be seen at 1233.5, a bales in cotton year 2017/18 started on October.The Cotton Advisory Board
move above could see prices testing 1247.4. Mentha Oil on MCX settled up (CAB) has lowered its cotton output estimates of 377 lakh bales to 370 lakh
1.61% at 1219.5 taking positive cues from the spot market on surging bales for 2017-18. This was largely attributed to pink bollworm attack on
demand from consuming industries at the spot market. Prices also seen cotton crops in Maharashtra, Telangana and Andhra Pradesh.
supported due to restricted supplies from the major producing belts of
Chandausi in Uttar Pradesh.Agri Commodity Update
Technical Outlook
BUY CORIANDER JUL ABOVE 4810 TARGET 4830/4850/4870 SL 4780 SELL TURMERIC JUL BELOW 7220 TARGET 7190/7160/7130 SL 7260
BUY GUARGUM5 JUL ABOVE 8400 TARGET 8440/8480/8520 SL 8350Daily Agri Update
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