This daily commodity report provides information on price movements and trading levels for various agricultural commodities. It notes that coriander, guargum, and turmeric prices declined over the past month, while castorseed prices also decreased slightly. It provides support and resistance levels for short-term trading. The report also includes updates on procurement targets for wheat in Haryana and production estimates. Overall commodity trends and factors such as monsoon conditions, exports, and government interventions are discussed.

1. DAILY AGRI COMMODITY REPORT
11 May 2015
HNI & NRI Sales Contact Australia
Mintara Road, Tarneit, Victoria. Post Code 3029
Phone.: +61 422 063855
HNI & NRI Sales Contact USA
2117 Arbor Vista Dr. Charlotte (NC)
Cell: +1 704 249 2315
Toll Free Number
1-800-200-9454
All queries should be directed to
Info@epicresearch.co
1
Epic Research India
411 Milinda Manor (Suites 409- 417)
2 RNT Marg. Opp Central Mall
Indore (M.P.)
Hotline: +91 731 664 2300
Alternate: +91 731 664 2320
Or give us a missed call at
026 5309 0639
Our Presence
YOURMINTVISORY Call us at +91-731-6642300

2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
MAY 10512 10550 10199 10199 -3.99 24980
INTRADAY
LEVELS
SUPPORT SUPP.1
10082
SUPP. 2
9965
PIVOT
10316
Coriander short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
10433
RES. 2
10667
CASTORSEED
MAY 3715 3731 3679 3680 -1.39 51700
INTRADAY
LEVELS
SUPPORT SUPP. 1
3662
SUPP. 2
3645
PIVOT
3697
Castorseed short term
trend is down and may
continue in coming
days..RESISTAN
CE
RES. 1
3714
RES. 2
3749
TURMERIC
MAY 8276 8290 8092 8170 -1.83 21330
INTRADAY
LEVELS
SUPPORT SUPP. 1
8078
SUPP. 2
7986
PIVOT
8184
Turmeric short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
8276
RES. 2
8382
GUARGUM
MAY 12110 12110 11740 11740 -3.93 9746
INTRADAY
LEVELS
SUPPORT SUPP. 1
11617
SUPP. 2
11493
PIVOT
11863
Guargum short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
11987
RES. 2
12233

3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3680 3732 -1.39
CHANA 4558 4463 +2.13
CORIANDER 10199 10623 -3.99
GUARGUM 11740 12220 -3.93
JEERA 17260 17675 -2.35
MUSTARD SEED 3941 3954 -0.33
SOYABEAN 4324 4370 -1.05
TURMERIC 8170 8322 -1.83
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-05-2015 10199.00 -426.00 -4.01%
TURMERIC 20-05-2015 8130.00 -190.00 -2.28%
JEERA 20-05-2015 17285.00 -355.00 -2.01%
BARLEY 20-05-2015 1247.00 -16.00 -1.27%
SOYABEAN 19-06-2015 4328.00 -37.00 -0.85%
CASTOR SEED NEW 20-05-2015 3705.00 -21.00 -0.56%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CHANA 20-05-2015 4538.00 77.00 1.73%
REFINED SOY OIL 19-06-2015 597.20 2.05 0.34%
COTTON SEED OIL CAKE
AKOLA
20-05-2015 1880.00 5.00 0.27%
RAPESEED-MUSTARD
SEED
20-05-2015 3948.00 4.00 0.10%

4. Commodities In News
4
ECONOMIC NEWS
 Haryana has achieved about 98 per cent wheat procurement target
with purchase reaching 63.85 lakh tonnes in the ongoing rabi marketing
season in the state.Haryana has set a target of procuring 65 lakh tonnes
for the current season.Wheat procurement so far is also 3 per cent more
than what was purchased in corresponding period last year.An official
spokesman said so far wheat procurement is 2,15,447 metric tonnes
higher as compared to the procurement made up to same day last
year.out of the total arrival of 63,85,629 metric tonnes this year,
63,85,364 metric tonnes of crop has been procured by government
procuring agencies at Minimum Support Price and remaining 265
metric tonnes was lifted by the traders.Giving details of the
procurement, he said 18.93 lakh metric tonnes of wheat had been
procured by the Food and Supplies Department, 27.71 lakh metric
tonnes by Hafed, 6.63 lakh metric tonnes by Haryana Agro, 10.50 lakh
metric tonnes by Haryana Warehousing Corporation and 5,800 metric
tonnes of wheat was purchased by Confed. Haryana Food and Supplies
Minister Ram Bilas Sharma today said 96 per cent payment for wheat,
amounting to Rs 8,586 crore has been released to farmers by the
department and state procurement agencies. 63,26,064 metric tonnes of
wheat had been purchased by government procurement agencies up to
May 6 at minimum support price of Rs 1,450 per quintal.
 Wheat futures have witnessed some selling from higher levels due to
fresh arrivals in local mandies along with restricted demand of millers
at local mandies. The NCDEX June futures declined by 0.24 percent
today.The market sources suggested that strong arrivals have been
reported in all the major mandies from the last two days due to
favourable conditions for wheat harvesting. The states such as Haryana
and Punjab have reported strong supplies. The market sources have
witnessed wheat arrivals of 18.75 lakh tonnes so far in the ongoing rabi
marketing season.However, government agencies have reported weak
production estimates for the current year. The officials stated that the
total wheat production in the current year is estimated at 91.64 million
tonnes, down 4-5 percent from the last year.
 Some recovery was seen in turmeric futures due to strong demand by
stockiest at lower levels coupled with limited supplies in local mandies.
Traders are expecting the total production in the range of 50-52 lakh bags in
the current year, down 20 lakh bags from the last year in the same period.
However, in the long term, traders are expecting further decline in the
coming days due to possibility of new supplies from other producing states.
The market traders are avoiding any long positions at current levels. Demand
for the commodity has been increasing rapidly from the medicinal and
cosmetic industry. For 2014/15 season, there are concerns over crop loss due
to cyclone ‘Hudhud’ that hit Andhra Pradesh in Oct 2014. Sowing of
Turmeric in AP for the 2014-15 season is reported at 0.13 lakh ha, as against
0.1 lakh ha last year. The area in Telangana stood at 0.446 lakh ha against
0.431 lakh ha last year. Exports in turmeric have increased by 8% to 65,000
tonnes during Apr-Dec 2014 as compared to last year. The export target for
the 2014-15 is 80,000 tonnes according to Spice Board.
 Firmness returned for Jeera prices as export demand started rising at the
lower levels. Firmness in Dollar vs Re too added to the Bullish sentiment as
that is beneficial for exporters. Low production, rising demand and firm
Dollar are however likely to keep sentiments firm for the commodity in
medium to long term. Rising export demand amidst falling arrivals in the
mandis and lower production reports kept supporting prices. An expected
25-30% lower sowing area is already keeping prices firm. Exports are rising
and expected to rise further in coming weeks. Spot cumin seed prices
remained flat at Unjna and Rajkot market on Thursday. Arrivals were lower
but demand was also average. In Rajkot, European quality cumin seed was
quoted at Rs. 3,100-3,200/20kg, Singapore quality was quoted at Rs. 2,900-
3,100. Discolored cumin seed quoted at Rs. 2,500-2,800, old crop cumin
seed traded at Rs. 2,900-3,100, while Kirana quality was offered at Rs.
3,300-3,400.As per the Agriculture department of the state, during 2014-15
sowing area was reduced by 41%. As per third advanced estimate only 2.66
lakh hectare is sown for jeera vs 2.82 lakh hectare estimate of second
estimate. During 2013-14 jeera was sown in around 4.55 lakh hectare area.

5. 5
Fundamental Watch : Cotton
COTTON ARRIVALS AT KEY SPOT
MARKET
National Market Update
 Cotton Corporation of India (CCI) has invited the bids to sell 90,700 fully pressed
(F.P.) bales of cotton through e-auction on Wednesday at various centers including
Akola, Aurangabad, Indore, Ahmedabad, Rajkot, Bathinda, Sirsa, Bhilwara, Adilabad,
Warangal, Guntur, Hubli and Rayagada. Major varieties offered were BB, H-4, S-6
and J-34. Despite the lower production world cotton expected to rise in the coming
season i.e. 2015-16 following the higher demand from South Asian countries.
According to ICAC, Cotton exports from India would be around 1.34 million tones
(78.8 lakh bales) in the next season around 27.62% higher when compared to the
export of current season. Cotton Corporation of India (CCI) has decided not to release
the entire cotton stocks immediately in the market, rather it will release in the phases.
Textile industry is constantly demanding CCI to release the stocks so avoid artificial
shortage of cotton. CCI has procured around 86 lakh bales of cotton at MSP this
season, highest procurement since 208-09, which has lifted the cotton prices in the
domestic market which is putting the textile industry in the trouble by making raw
cotton costlier. The government is intended to procure 11 million bales of cotton in the
current season ending in September. An ex-post facto approval by Cabinet Committee
on Economic Affairs has been granted to engage Maharashtra State Co-operative
Cotton Growers Marketing Federation (MSCCGMFL) as a sub agent of CCI to
undertake procurement operations.
 The International Cotton Advisory Committee (ICAC) has revised the world ending
stocks estimates for 2015/16 at 21.23 million tones which was estimated 21.21 million
tones in April 2015/16. On the production side ICAC foresees the production at 23.89
million tones for season 2015/16 which was earlier estimated at 23.99 million tones in
April 2015.Cotton prices in China have been rebounding marginally since mid April,
on better yarn sales of downstream companies. The benchmark cotton contract for
September delivery, which rose 0.22 percent by the end of Tuesday, surged to the
highest of 13,530 yuan/tonne and hit the lowest of 13,355 yuan/tonne during Tuesday
session, recording a fluctuating range of nearly 200 yuan in a day, Around 12% of
cotton planting has been completed in USA as on April 26 this year, which was 8%
last week and 10% last year on same date, according to USDA. The five year average
sowing progress is 16% as on date, same as the current sowing pace.
CENTER 08-May-15 07-May-15 Change
AMRAVATI 400 350 +50
MAHESANA NA NA -
RAJKOT 1000 1575 -575
PATAN 1070 NA -
DEESA NA NA -
BHIWANI NA NA -
GONDAL 478 544 -66

6. Technical Outlook
6
SELL CORIANDER MAY BELOW 10200 TARGET 10175 10135 SL
ABOVE 10225
SELL GUARGUM MAY BELOW 11740 TARGET 11690 11630 SL
ABOVE 11800
SELL TURMERIC MAY BELOW 8150 TARGET 8110 8050 SL
ABOVE 8210
SELL CASTORSEED MAY BELOW 3685 TARGET 3660 3630 SL
ABOVE 3710

7. Disclaimer
 The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any
responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.
 Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and
up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility.
 The information given herein should be treated as only factor, while making investment decision. The report does not provide
individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments
and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any
transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.
 The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all
estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the
stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any
views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and
reading of the information is the acceptance of this disclaimer. All Rights Reserved.
 Investment in equity & bullion market has its own risks.
 We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for
any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an
offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or
share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If
found so then Serious Legal Actions can be taken.