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DAILY AGRI COMMODITY REPORT
13 October 2015
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Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
NOV 8080 8226 8064 8110 +0.95 16030
INTRADAY
LEVELS
SUPPORT SUPP. 1
8041
SUPP. 2
7971
PIVOT
8133
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
8203
RES. 2
8295
CORIANDER
NOV 11900 12314 11900 12299 +3.87 31880
INTRADAY
LEVELS
SUPPORT SUPP.1
12028
SUPP. 2
11757
PIVOT
12171
Coriander short term
trend is bullish and May
continue in coming
days.RESISTAN
CE
RES. 1
12442
RES. 2
12585
GUARGUM
NOV 8950 9170 8910 8980 +0.56 16749
INTRADAY
LEVELS
SUPPORT SUPP. 1
8870
SUPP. 2
8760
PIVOT
9020
Guargum short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
9130
RES. 2
9280
CASTORSEED
NOV 4151 4174 4102 4128 -0.29 90970
INTRADAY
LEVELS
SUPPORT SUPP. 1
4095
SUPP. 2
4063
PIVOT
4135
Castorseed short term
trend is bearish and
May continue in
coming day.RESISTAN
CE
RES. 1
4167
RES. 2
4207
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3968 4012 -1.10
CHANA 5111 5096 +0.26
CORIANDER 12101 11636 +4.00
GUARGUM 8800 8750 +0.57
JEERA 15890 15805 +0.54
MUSTARD
SEED
4822 4875 +3.14
SOYABEAN 3823 3784 +1.03
TURMERIC 7866 7732 +1.73
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CASTOR SEED NEW 20-10-2015 3950.00 -108.00 -2.66%
SOYABEAN 20-10-2015 3825.00 -45.00 -1.16%
JEERA 20-10-2015 15815.00 -15.00 -0.09%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CORIANDER 20-10-2015 12098.00 623.00 5.43%
RAPESEED-MUSTARD
SEED
20-10-2015 4823.00 174.00 3.74%
COTTON SEED OIL CAKE
AKOLA
18-12-2015 1664.00 42.00 2.59%
TURMERIC 20-10-2015 7850.00 170.00 2.21%
CHANA 20-10-2015 5111.00 54.00 1.07%
REFINED SOY OIL 20-10-2015 626.00 0.70 0.11%
Commodities In News
4
ECONOMIC NEWS
Amid soaring prices of pulses, the government reviewed supply and price
situation of essential commodities and directed concerned departments to
work closely with the states to curb price rise.Cabinet Secretary P K Sinha
reviewed the prices of essential commodities, especially onions and pulses,
the Food and Consumer Affairs Ministry said in a statement.In the high-
level meeting, secretaries of Consumer Affairs, Food and PDS,
Agriculture, Commerce, Expenditure Departments, among others, were
present.Pulses prices in most retail markets have risen by up to 75 per cent
in the last one year due to fall in domestic output in 2014-15 crop year
(July-June).At present, tur dal prices are ruling at Rs 150 per kg, urad at Rs
130 per kg, moong at Rs 111 per kg and gram at Rs 71 per kg in most
places.The Centre has resorted to import 5,000 tonnes each of tur dal to
boost domestic availability, of which 3,250 tonnes has already arrived and
the remaining will reach shortly.Further, an additional import of 2000
tonnes of tur dal is being made to augment supplies and moderate prices of
pulses, the statement said."The Cabinet Secretary directed all Departments
to keep a close watch on availability and prices of essential commodities
and work in close coordination with states to control price rise," the
statement said.The Consumer Affairs Secretary informed that Kendriya
Bhandar and Mother Dairy's retail chain Safal would be supplying
imported tur dal through its 400 outlets in Delhi.Other states have also been
allotted imported pulses as per their requirement, the ministry
said."Instructions were also issued for enforcing stock limits and taking
effective action against hoarding and black- marketing of essential
commodities, especially pulses. The States are again requested to intensify
their efforts in this direction," the statement added.On onions, it was
observed in the meeting that the recent measures taken by the central
Government like increase in minimum export price of onions,
andextending stock limits and import of 2000 tonnes of onions have
reigned in the prices of onions, which are showing a declining trend.
Chana settled driven by good demand in festival season in the
domestic market on diminishing supplies from the major producing
belts. Further, pick up in export demand also supported to chana prices.
Currently, farmers are waiting for the announcement of MSP for the
Rabi crops. Earlier, CACP recommends increase of Rs 300 per quintal
in MSP for chana to Rs. 3,425 from current Rs. 3,175. With pulses
prices skyrocketing, state-owned MMTC has invited global bids for
import of 1,000 tonnes of chickpeas (gram) from Australia.In the latest
development, government has issued fresh notification to allow duty
free chana until Dec 31, 2015. As per 1st Advance Estimates for 2015-
16, Chana production is targeted at 9.50 mt against 9.30 mt in 2014-15.
According to the latest govt data, country has imported about 2.22 lakh
tonnes of chana in during first four months of MY 2015-16. Australla is
set to produce up to 80 per cent more chickpeas this year compared
with 2014 production of 4.76 lakh tonnes.
Turmeric settled up on account of lower production due to weak
rainfall during monsoon period in the producing belts of Andhra
Pradesh. Spot market has seen arrival of good quality turmeric in recent
time. Good rains in second part of September in southern peninsula
region may enhance the turmeric production and quality. Turmeric
sowing area reported high in Maharashtra and Tamil Nadu state during
the current sowing period. However, deficient monsoon in August and
early September may affect production in rainfed areas.As per Dept of
commerce data, turmeric exports during April-Jul, 2015 pegged at
32,158 tonnes while the export for the 2014-15 is 90,738 tonnes
compared to 78,360 tonnes in FY14. As on 30th Sep 2015, turmeric
sowing In AP is recorded at 15,413 hectares increase over last years’
acreage as well normal sowing area progress while in Telangana, only
40,830 hectares of turmeric has been sown which is 82 per cent of
normal acreage.
5
Fundamental Watch : Castorseed
CASTORSEED PRICES AT KEY SPOT
MARKET
National Market Update
Agriculture statistics Division, DES has released its 1st Adv estimates of
Production of food-grains for 2015-16 on 16.09.2015.It has estimated 19.44
lakh tonne seed production this year. The production target for 2015-16 has
been fixed at 20.34 lakh ton. India has produced 19.63 lakh tonne castor seed
in 2014-15 as per revised 1st Adv estimate. Private trade estimate for the year
is much lower and is between 15 to 16 lakh tonne for 2015-16.However,it is
too early to talk about the final size as sowing is just over.
Area coverage during kharif 2015 till 28th Sept was reported at 10.96 lakh
ha in comparison to 10.34 lakh ha during same period last year. It is higher by
6.0 percent from last year. Major producing states like Gujarat and Rajasthan
have covered 6.21 and 29.30 percent higher area this year. Sowing is now
almost over.See details in monthly report.
Castor oil export during week ending 28th Sep-to 4th Oct was registered at
2143.44 tonne at an Average FoB price of $1388.15 perT. Quantity wise it has
increased by 73.42 percent week on week basis. India had exported 21762.51
tonne a week earlier. However, price realization too has increased by 3.48
percent last week. As prices of seed are expected to decrease .FoB quotes are
bound to go down this week.
Castor seed cash and futures markets continued to trade under pressure due
to lack of demand from plants and weak inner tone in the short term. Importers
for oil are unwilling to buy at higher level. They have covered 70 percent of
their need for October. Cash and futures markets may recover by the end of
this month.. Lower demand for oil would continue to weigh on market
fundamental in the short term. Demand for seed at higher level from plants
and stockists has decreased too. Weak sentiments prevail in the market.
CENTER 12-Oct-15 10-Oct-15 Change
SUMERPUR 3825 3850 -25
PATAN 3950 3925 +25
MEHSANA 3965 3950 +15
BHABAR 3960 3950 +10
HARJI 3950 3950 UNCH
RAJKOT 3845 3920 -75
KADI Closed 4000 -
Technical Outlook
6
BUY CORIANDER NOV ABOVE 12310 TARGET 12337 12417 SL
BELOW 12283
BUY GUARGUM NOV ABOVE 9070 TARGET 9120 9190 SL
BELOW 9010
BUY TURMERIC NOV ABOVE 8150 TARGET 8194 8254 SL
BELOW 8090
SELL CASTORSEED NOV BELOW 4100 TARGET 4075 4045 SL
ABOVE 4125
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 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
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Epic research daily agri report 13 oct 2015

  • 1. DAILY AGRI COMMODITY REPORT 13 October 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 TURMERIC NOV 8080 8226 8064 8110 +0.95 16030 INTRADAY LEVELS SUPPORT SUPP. 1 8041 SUPP. 2 7971 PIVOT 8133 Turmeric short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 8203 RES. 2 8295 CORIANDER NOV 11900 12314 11900 12299 +3.87 31880 INTRADAY LEVELS SUPPORT SUPP.1 12028 SUPP. 2 11757 PIVOT 12171 Coriander short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 12442 RES. 2 12585 GUARGUM NOV 8950 9170 8910 8980 +0.56 16749 INTRADAY LEVELS SUPPORT SUPP. 1 8870 SUPP. 2 8760 PIVOT 9020 Guargum short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 9130 RES. 2 9280 CASTORSEED NOV 4151 4174 4102 4128 -0.29 90970 INTRADAY LEVELS SUPPORT SUPP. 1 4095 SUPP. 2 4063 PIVOT 4135 Castorseed short term trend is bearish and May continue in coming day.RESISTAN CE RES. 1 4167 RES. 2 4207
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 3968 4012 -1.10 CHANA 5111 5096 +0.26 CORIANDER 12101 11636 +4.00 GUARGUM 8800 8750 +0.57 JEERA 15890 15805 +0.54 MUSTARD SEED 4822 4875 +3.14 SOYABEAN 3823 3784 +1.03 TURMERIC 7866 7732 +1.73 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CASTOR SEED NEW 20-10-2015 3950.00 -108.00 -2.66% SOYABEAN 20-10-2015 3825.00 -45.00 -1.16% JEERA 20-10-2015 15815.00 -15.00 -0.09% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CORIANDER 20-10-2015 12098.00 623.00 5.43% RAPESEED-MUSTARD SEED 20-10-2015 4823.00 174.00 3.74% COTTON SEED OIL CAKE AKOLA 18-12-2015 1664.00 42.00 2.59% TURMERIC 20-10-2015 7850.00 170.00 2.21% CHANA 20-10-2015 5111.00 54.00 1.07% REFINED SOY OIL 20-10-2015 626.00 0.70 0.11%
  • 4. Commodities In News 4 ECONOMIC NEWS Amid soaring prices of pulses, the government reviewed supply and price situation of essential commodities and directed concerned departments to work closely with the states to curb price rise.Cabinet Secretary P K Sinha reviewed the prices of essential commodities, especially onions and pulses, the Food and Consumer Affairs Ministry said in a statement.In the high- level meeting, secretaries of Consumer Affairs, Food and PDS, Agriculture, Commerce, Expenditure Departments, among others, were present.Pulses prices in most retail markets have risen by up to 75 per cent in the last one year due to fall in domestic output in 2014-15 crop year (July-June).At present, tur dal prices are ruling at Rs 150 per kg, urad at Rs 130 per kg, moong at Rs 111 per kg and gram at Rs 71 per kg in most places.The Centre has resorted to import 5,000 tonnes each of tur dal to boost domestic availability, of which 3,250 tonnes has already arrived and the remaining will reach shortly.Further, an additional import of 2000 tonnes of tur dal is being made to augment supplies and moderate prices of pulses, the statement said."The Cabinet Secretary directed all Departments to keep a close watch on availability and prices of essential commodities and work in close coordination with states to control price rise," the statement said.The Consumer Affairs Secretary informed that Kendriya Bhandar and Mother Dairy's retail chain Safal would be supplying imported tur dal through its 400 outlets in Delhi.Other states have also been allotted imported pulses as per their requirement, the ministry said."Instructions were also issued for enforcing stock limits and taking effective action against hoarding and black- marketing of essential commodities, especially pulses. The States are again requested to intensify their efforts in this direction," the statement added.On onions, it was observed in the meeting that the recent measures taken by the central Government like increase in minimum export price of onions, andextending stock limits and import of 2000 tonnes of onions have reigned in the prices of onions, which are showing a declining trend. Chana settled driven by good demand in festival season in the domestic market on diminishing supplies from the major producing belts. Further, pick up in export demand also supported to chana prices. Currently, farmers are waiting for the announcement of MSP for the Rabi crops. Earlier, CACP recommends increase of Rs 300 per quintal in MSP for chana to Rs. 3,425 from current Rs. 3,175. With pulses prices skyrocketing, state-owned MMTC has invited global bids for import of 1,000 tonnes of chickpeas (gram) from Australia.In the latest development, government has issued fresh notification to allow duty free chana until Dec 31, 2015. As per 1st Advance Estimates for 2015- 16, Chana production is targeted at 9.50 mt against 9.30 mt in 2014-15. According to the latest govt data, country has imported about 2.22 lakh tonnes of chana in during first four months of MY 2015-16. Australla is set to produce up to 80 per cent more chickpeas this year compared with 2014 production of 4.76 lakh tonnes. Turmeric settled up on account of lower production due to weak rainfall during monsoon period in the producing belts of Andhra Pradesh. Spot market has seen arrival of good quality turmeric in recent time. Good rains in second part of September in southern peninsula region may enhance the turmeric production and quality. Turmeric sowing area reported high in Maharashtra and Tamil Nadu state during the current sowing period. However, deficient monsoon in August and early September may affect production in rainfed areas.As per Dept of commerce data, turmeric exports during April-Jul, 2015 pegged at 32,158 tonnes while the export for the 2014-15 is 90,738 tonnes compared to 78,360 tonnes in FY14. As on 30th Sep 2015, turmeric sowing In AP is recorded at 15,413 hectares increase over last years’ acreage as well normal sowing area progress while in Telangana, only 40,830 hectares of turmeric has been sown which is 82 per cent of normal acreage.
  • 5. 5 Fundamental Watch : Castorseed CASTORSEED PRICES AT KEY SPOT MARKET National Market Update Agriculture statistics Division, DES has released its 1st Adv estimates of Production of food-grains for 2015-16 on 16.09.2015.It has estimated 19.44 lakh tonne seed production this year. The production target for 2015-16 has been fixed at 20.34 lakh ton. India has produced 19.63 lakh tonne castor seed in 2014-15 as per revised 1st Adv estimate. Private trade estimate for the year is much lower and is between 15 to 16 lakh tonne for 2015-16.However,it is too early to talk about the final size as sowing is just over. Area coverage during kharif 2015 till 28th Sept was reported at 10.96 lakh ha in comparison to 10.34 lakh ha during same period last year. It is higher by 6.0 percent from last year. Major producing states like Gujarat and Rajasthan have covered 6.21 and 29.30 percent higher area this year. Sowing is now almost over.See details in monthly report. Castor oil export during week ending 28th Sep-to 4th Oct was registered at 2143.44 tonne at an Average FoB price of $1388.15 perT. Quantity wise it has increased by 73.42 percent week on week basis. India had exported 21762.51 tonne a week earlier. However, price realization too has increased by 3.48 percent last week. As prices of seed are expected to decrease .FoB quotes are bound to go down this week. Castor seed cash and futures markets continued to trade under pressure due to lack of demand from plants and weak inner tone in the short term. Importers for oil are unwilling to buy at higher level. They have covered 70 percent of their need for October. Cash and futures markets may recover by the end of this month.. Lower demand for oil would continue to weigh on market fundamental in the short term. Demand for seed at higher level from plants and stockists has decreased too. Weak sentiments prevail in the market. CENTER 12-Oct-15 10-Oct-15 Change SUMERPUR 3825 3850 -25 PATAN 3950 3925 +25 MEHSANA 3965 3950 +15 BHABAR 3960 3950 +10 HARJI 3950 3950 UNCH RAJKOT 3845 3920 -75 KADI Closed 4000 -
  • 6. Technical Outlook 6 BUY CORIANDER NOV ABOVE 12310 TARGET 12337 12417 SL BELOW 12283 BUY GUARGUM NOV ABOVE 9070 TARGET 9120 9190 SL BELOW 9010 BUY TURMERIC NOV ABOVE 8150 TARGET 8194 8254 SL BELOW 8090 SELL CASTORSEED NOV BELOW 4100 TARGET 4075 4045 SL ABOVE 4125
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