Daily Agri Report by Epic Research Limited of 03 March 2017 | Investing

Please download to get full document.

View again

of 6
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Information Report
Category:

Documents

Published:

Views: 6 | Pages: 6

Extension: PDF | Download: 0

Share
Related documents
Description
Epic Research a leading financial advisory firm enables traders to gain a quick overview of market's performance by offering them daily reports. Our experts suggests best NCDEX Tips.
Transcript
  DAILY AGRI COMMODITY REPORT 03 March 2017 HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029Phone.: +61 422 063855 HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC)Cell: +1 704 249 2315 Toll Free Number 1-800-200-9454All queries should be directed toInfo@epicresearch.co 1 Epic Research India 411 Milinda Manor (Suites 409-417)2 RNT Marg. Opp Central MallIndore (M.P.)Hotline: +91 731 664 2300Alternate: +91 731 664 2320Or give us a missed call at 026 5309 0639 Our Presence YOUR MINTVISORYCall us at 91-731-6642300  Market Views 2 MONTHOPEN HIGHLOWCLOSE % CHGVOLMONTHOPEN HIGHLOWCLOSE % CHGVOL TURMERIC APR67406818674068160.86440 INTRADAY LEVELS SUPPORTSUPP. 16765SUPP. 26713PIVOT6791 Turmeric short term trend is bearish and may continue in coming days. RESISTANCERES. 16843RES. 26869 CORIANDER APR66506899665068993.992130 INTRADAY LEVELS SUPPORTSUPP.16733SUPP. 26567PIVOT6816 Coriander short term trend is bearish and may continue in coming days. RESISTANCERES. 16982RES. 27065 GUARGUM 5MT APR78978044779580000.7711500 INTRADAY LEVELS SUPPORTSUPP. 17849SUPP. 27697PIVOT7946 Guargum Short term trend is bearish and may continue in coming days. RESISTANCERES. 18098RES. 28195 CASTORSEED FEB ------ INTRADAY LEVELS SUPPORTSUPP. 1-SUPP. 2-PIVOT- - RESISTA NCERES. 1-RES. 2-  Most Active Contract 3 NCDEX INDICES   IndexValuePre. Close% Change Castorseed 410540611.08Chana --- Coriander 689966343.99Guargum5MT800073930.77Jeera17030168950.80Mustard seed  39153883 0.82Soybean 29882933 -0.17Turmeric681667580.86 TOP GAINERS SymbolExpiry DateCurrent PriceChangeChange %CORIANDER20-04-20176899.00274.004.14%V 797 KAPAS28-04-20171079.0016.501.55%REF SOYA OIL20-03-2017668.905.300.80%JEERA20-03-201717030.00130.000.77% TOP LOSERS SymbolExpiry DateCurrent PriceChangeChange %MAIZE -FEED/INDUSTRIAL GRADE20-03-20171402.00-1.00-0.07%WHEAT20-03-20171634.00-1.00-0.06%SOY BEAN20-03-20172915.00-7.00-0.24%  Commodities In News 4 ECONOMIC NEWS  Withingafortnight,India'ssugardeficitincreasedto18.54%fromabout15%mid-February,saidindustrybodyIndianSugarMillsAssociation(IMSA)inarelease. Duringthecurrent2016-17SSwhich beganon1stOctober2016andtill28thFebruary2017,sugarmillshave produced162.45lactonsofsugar,asagainst199.43lactonsproducedlastyearinthecorrespondingperiod.Ason28thFebruary2017,257sugar millsarecontinuingtheircrushingoperations,whereasin2015-16SS,390millswereinoperationonthesamedate, statedanISMArelease.InUttar Pradesh,107millsarestillcontinuingtheiroperations.Ason28thFebruary2017,sugarmillshaveproduced62.46lactonsofsugar,whichis17%higherascomparedtolast  year’s sugarproductionof53.51lactonsonthecorrespondingperiod.On28thFebruary2016,102sugarmillswereinoperationlastyear.TheISMAreleasestated: Outof153sugarmillswhichhadstartedcrushingthisseasoninMaharashtra,136millshave stoppedcrushingand17arestillworking.Till28thFebruary2017,mills haveproduced41.15lactonsofsugar,ascomparedto70.58lactons producedlastyearonthecorrespondingperiod,downbyabout41%.In2015-16SS,102millswereinoperationason28thFebruary2016. ”  TheWestBengalgovernmentisintroducingasinglepermitfor agriculturalmarketing,revampingasystemthatrequiredwholesalebuyerstoholdseparatelicencesforeachagriculturalproduct.Aseniorofficialsaidthesingle-windowservicewillalsoease  farmers’  problemsasthey willnolongerhavetogodoor-to-doortosellexcesscrop.Tofacilitatethis change,thestategovernmentwillsoontabletheWestBengalAgriculturalProduceMarketing(Regulation)BillwithamendmentsinthestateAssembly,theofficialsaid,requestinganonymity.AftertheBillispassed,wholesalebuyers,afterpayingafixedfee,canbuywhateveragricultural productstheywishtosellfromalloverthestate.TheamendedlawwillalsobehelpfulforBengalfarmerswhowishtoexporttheirproducts.  SoybeanfuturesedgeduponNCDEXonrisingexportsdemandatthespotmarket.AsperthedatacompiledbytheSoybeanProcessorsAssociationofIndia(SOPA),thesoymealexportsisexpectedtoincreasein2016-17(October-September)to1.8mtfrom1.0mt projectedearlier.Though,somegainswerecappedastheproductionisexpectedtobehigherthisyear.ThecontractforMarchdeliverywas tradingatRs2926.00,upby0.1%orRs3.00fromitspreviousclosing ofRs2923.00.Theopeninterestofthecontractstoodat175670lots.ThecontractforAprildeliverywastradingatRs2998.00,upby0.17%orRs5.00fromitspreviousclosingofRs2993.00.  JeerafuturestradedloweronNCDEXonfallindomesticdemandatthespotmarket.Though,somelosseswerecappedonloweroutputfromtheproducingregions.JeeraoutputinIndiamayfallby12 percentto387,000tonsduring2016-17duetoloweracreageand  adverseweatherconditions.ReportsshowedthatthesowingofJeerain Gujaratpeggedat278,000hectareasagainst295,000hectareayear ago.ThecontractforMarchdeliverywastradingatRs16860,downby0.21%orRs35.00fromitspreviousclosingofRs16895.Theopeninterestofthecontractstoodat3453lots.  TurmericfuturestradeduponNCDEXonrisingdomesticaswellasexportsdemandatthespotmarket.Ontheexportfront,countryexportedabout74,524tons;upby32%duringApril-Novemberperiod comparedtolastyearexportsof56,471tons.Though,somegainswerecappedonheavyarrivalsfromtheproducingbelts.Theturmericarrivalsinthecountryincreaseto28,337tonslastweek(20-25February)comparedto7,300tonsduringpreviousweek.ThecontractforAprildeliverywastradingatRs6800,upby0.62%orRs42.00fromitspreviousclosingofRs6758.Theopeninterestofthecontractstoodat13655lots.ThecontractforMaydeliverywastradingatRs6770,upby0.56%orRs38.00fromitspreviousclosingofRs6732.
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks