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Epic Research Weekly Agri Commodity Report 04 SEPTEMBER 2017

PressReleasePing - September 04, 2017 -Commodity News Turmeric futures edged down on NCDEX on account of subdued demand from retailers and stockists at the spot market. Further, increased arrivals from the producing belts too fuelled the downtrend. The contract for September delivery was trading at Rs 7272.00, down by 0.68% or Rs 50.00 from its previous closing of Rs 7322.00. The open interest of the contract stood at 10555 lots. The contract for October delivery was trading at Rs 7324.00, down by 0.81% or Rs 60.00 from its previous closing of Rs 7384.00. The open interest of the contract stood at 4210 lots on NCDEX. Coriander futures edged down on NCDEX as participants cut down their positions amid easing domestic as well as export demand in the spot market. Further, rising arrivals from major growing regions also influenced coriander futures. The contract for September delivery was trading at Rs 4900.00, down by 0.81% or Rs 40.00 from its previous closing of Rs 4940.00. The open interest of the contract stood at 20930 lots. The contract for October delivery was trading at Rs 5096.00, down by 0.49% or Rs 25.00 from its previous closing of Rs 5121.00. The open interest of the contract stood at 26120 lots on NCDEX. Jeera futures edged lower on NCDEX on fall in demand at the spot market. Though, some losses were capped due to loss of stored jeera by heavy rains in Gujarat. The contract for September delivery was trading at Rs 19725.00, down by 0.73% or Rs 145.00 from its previous closing of Rs 19870.00. The open interest of the contract stood at 12690 lots. The contract for October delivery was trading at Rs 19560.00, down by 2.13% or Rs 425.00 from its previous closing of Rs 19985.00. The open interest of the contract stood at 8493 lots on NCDEX. Economic News Farm loan waivers are at best just a short term remedy for farmers’ distress and cannot be regarded as a long term solution for the problems in Indian agriculture, top RBI officials have reiterated. Deputy governor Viral Acharya said a sustainable and long-term solution for issues in the farm sector in India requires concerted and urgent reforms in the areas of agricultural marketing, pricing, credit and extension systems, and an open trading regime. Acharya was delivering closing remarks at a RBI organised seminar titled ‘Agriculture Debt Waiver – Efficacy and Limitations’ in Mumbai, a press release from the central bank said. Delivering a speech in the same conference governor Urjit Patel drew attention to the implications of a waiver on macroeconomic conditions and policies. A loan waiver, impacts the balance sheet of lenders, dents state finances due to higher than budgeted expenditure and could feed inflation. Australia is looking to increase its agriculture trade with India largely of pulses and grains, given the rising demand in the domestic market, says Gregory Harvey, trade commissioner at the Australian High Commission. “Apart from pulses and grains, we will like to introduce new grain variety like lupin and expand trade in other commodities from cotton to oats. There is interest of Australian companies to bring in new technologies in dairy, grain storage and crop handling to India,” he says on the backdrop of a 40-member Australian agri-business and food business delegation visit to India from August 28 to September 1 as part of the Australia Business Week in India. Further, Harvey says that they want research collaboration between universities and research institutes in the development of new crop varieties that produce increased yield, are weather and pest tolerant and have improved nutritional value to be further strengthened. Trading Recommendations BUY GUARGUM5 ABOVE 8350 TARGET 8450 8550 SL BELOW 8250 SELL GUARGUM5 BELOW 8000 TARGET 7900 7800 SL ABOVE 8100 BUY CORIANDER ABOVE 5000 TARGET 5100 5200 SL BELOW 4900 SELL CORIANDER BELOW 4900 TARGET 4800 4700 SL ABOVE 5000 Epic Research Limited is a supreme level financial advisory services provider firm .We have designed services for different investors as per their needs like equity tips , mcx tips, agri tips and many more to serve our clients. We offer regular services for investors with less capital and premium services for massive investors looking for higher returns on investments with bigger targets. Want to take a FREE TRIAL? Visit our site link below and become a part of our Epic family. Happy trading. http://www.epicresearch.co/ or mail us @ info@epicresearch.co Also you can Whatsapp us at :7049084664 Our Office:411 Milinda Manor, 2 RNT Road, Indore 452001 .


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