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DAILYAGRI COMMODITY REPORT
13 July 2015
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Phone.: +61 422 063855
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Cell: +1 704 249 2315
Toll Free Number
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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
YOUR MINTVISORY Call us at +91-731-6642300
Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
AUG 7500 7610 7456 7510 +0.67 19365
INTRADAY
LEVELS
SUPPORT SUPP. 1
7441
SUPP. 2
7371
PIVOT
7525
Turmeric short term
trend is up and May
continue in coming
days.RESISTAN
CE
RES. 1
7595
RES. 2
7679
CORIANDER
AUG 12111 12217 11700 11730 -3.03 18850
INTRADAY
LEVELS
SUPPORT SUPP.1
11548
SUPP. 2
11365
PIVOT
11882
Coriander short term
trend is down and May
continue in coming
days.RESISTAN
CE
RES. 1
12065
RES. 2
12399
GUARGUM
OCT 10050 10220 9920 9960 -0.60 15659
INTRADAY
LEVELS
SUPPORT SUPP. 1
9313
SUPP. 2
9867
PIVOT
9967
Guargum short term
trend is down and May
continue in coming
days.RESISTAN
CE
RES. 1
10013
RES. 2
10067
CASTORSEED
AUG 4018 4043 4001 4009 -0.47 47200
INTRADAY
LEVELS
SUPPORT SUPP. 1
3992
SUPP. 2
3976
PIVOT
4018
Castorseed short term
trend is down and May
continue in coming
day.RESISTAN
CE
RES. 1
4034
RES. 2
4060
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4009 4028 +0.47
CHANA 4225 4275 -1.17
CORIANDER 11571 11974 -3.03
GUARGUM 9960 10020 -0.60
JEERA 16205 16170 +0.22
MUSTARD
SEED
4167 4143 +0.58
SOYABEAN 3506 3492 +0.40
TURMERIC 7510 7460 +0.67
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-07-2015 11596.00 -356.00 -2.98%
BARLEY 20-07-2015 1195.00 -12.00 -0.99%
CASTOR SEED NEW 20-07-2015 3909.00 -25.00 -0.64%
JEERA 20-07-2015 16125.00 -65.00 -0.40%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CHANA 20-07-2015 4459.00 116.00 2.67%
COTTON SEED OIL CAKE
AKOLA
20-07-2015 1852.00 28.00 1.54%
TURMERIC 20-07-2015 7424.00 54.00 0.73%
RAPESEED-MUSTARD
SEED
20-07-2015 4165.00 19.00 0.46%
SOYABEAN 20-08-2015 3501.00 13.00 0.37%
REFINED SOY OIL 20-08-2015 581.05 0.15 0.03%
Commodities In News
4
ECONOMIC NEWS
Government will roll out its multi-billion dollar food welfare plan by
December, the food minister said, allowing 67 per cent of its 1.2 billion
people access to cheap rice and wheat.The previous Congress-led
government approved the National Food Security Act (NFSA) in August
2013. India's 29 states and seven federally administered territories had to
implement it within a year.After missing several deadlines, only 11 states
could introduce the plan and the rest sought more time."Finally most states
have agreed to implement the NFSA by December, after the latest deadline
ends in September," Ram Vilas Paswan told reporters after meeting his
counterparts from states on Tuesday.In his February budget, Finance
Minister Arun Jaitley earmarked Rs 1.24 trillion rupees ($20.11 billion) for
food subsidies.Although Prime Minister Narendra Modi is implementing
the expensive food welfare plan approved by his predecessor Manmohan
Singh, the government is now trying to rein in overall subsidies to focus on
investment in manufacturing and infrastructure.
The Centre lauded Punjab for implementing the Food Security Act in its
true spirit and said the state had the potential to be a torchbearer for other
states in effective and systematic implementation of the law.Union Minister
for Consumer Affairs, Food and Public Distribution Ram Vilas Paswan
said Punjab has ensured doorstep delivery to beneficiaries even in the
remotest villages.According to a statement by the Punjab government, the
minister said the state has understood the basic spirit of the Act and has the
potential to become a torchbearer to guide other states for its effective and
systematic implementation.He said online and systematic monitoring of the
Act, linking the beneficiaries with Aadhaar cards and ensuring 100 per cent
quality control has put Punjab on a higher pedestal amongst other
states.According to a government spokesperson, it was due to the state's
aggressive persuasion that 11 per cent coverage of population eligible for
receiving subsidised food grains, which was much lower than neighboring
states, with the same socio-economic pattern has increased manifold.
Monsoon in July would remain a strong factor influencing price
direction as sowing of kharif Pulses continue. Govt initiatives to import
more Pulses to improve supply could limit the uptrend as it proposes to
import 5000 tons Urad and has floated tender for import of 5000
tons.As per latest Govt reports, the area under Kharif Pulses has risen
to 22.61 lakh ha as on 3rd July vs 9.72 lakh ha same period last year.
Above normal rains in Central and South India have improved sowing,
keeping prices down for Chana in June.Rajasthan Govt relaxed
imposing stock limit on Pulses w.e.f. 15th July to 30th Nov, the limit
for wholesalers: 2500 Q for 45 days and for retailers: 400 Q
NCDEX Turmeric July contract has been moving up by 1.25 per cent
to 7434 level at 11.09 am on Friday.According to traders the
unexpected rains in several parts of the Nizamabad district few weeks
back had resulted in damage to stored crops, also yielding losses to
farmersAccording to traders from Andhra and Karnataka, medium term
trend looks positive as spot demand expected to improve against falling
price offers and a lower production this year. Market talks indicate that
the total production in the range of 50-52 lakh bags in the current year,
down 20 lakh bags versus last year in the same period.
Jeera settled up by 0.34% at 16395 due to lower production at major
producing belts and due to raising export demand. Currently, the
traders and stockist are active in the spot market to serve the demand
from the domestic market. There is expectation of revival of export
demand on short supply. Still the quality issues and supply concerns
from the production states keep the prices volatile. As per third advance
estimate of Gujarat State, production is expected at 1.58 lakh tonnes in
2014-15 which is 54.3 per cent lower compared to last years’
production of 3.46 lakh tonnes. According to Gujarat government data
released on 19th Jan 15, Jeera recorded 2.64 lakh hac, 42% less sowing
compared to last year’s 4.54 lakh hac.
5
Fundamental Watch : Chana
CHANA ARRIVALS AT KEY SPOT MARKETNational Market Update
According to IBIS (provisional data), import of pulses in the last week (29
June-05 July) was 90 Thousand tonnes at major ports in India which is around
14% lower than last week (21-28 June), which was 105 thousand tonnes.
Moong, Urad and Yellow Pea were imported lower this week whereas Masoor
and Toor were imported higher as compare to last week.
According to trader’s feed back in Solapur region of Maharashtra, urad and
moong sown area till now have increased by around 20-30% as compared to
last year. But in the recent days farmers have not received sufficient rainfall
and if the situation continues to be the same, it could affect the yield of the
crop.
The government of Rajasthan has revised the stock limit to wholesalers from
250 tonnes to 400 tonnes. Of the 400 tonnes, a wholesaler may hold up to 200
tonnes of chana and 200 tonnes of other pulses. An official said warehouses
registered with the Warehousing Development and Regulatory Authority
(WDRA) would also be covered in the norm.
Government agency MMTC opened a tender to import 5000 tonnes of Tur,
the offers must be of minimum 2500 tonnes and remain valid until 24th July
and has to be shipped within 15 September at Mumbai or Chennai port. Tur
can be imported from Myanmar, Mozambique and Malawi.
According to the local traders, no major damage occurred in Canadian
Pulses by frost and even the warm weather that followed has been ideal for
crop development. They are estimating 3.75 million acres of the lentil crop,
which is well above Statistics Canada’s 3.35 million acre estimate and 3.9
million acres of peas, comprising three million acres of yellow and 870,000
acres of green peas. That is higher in line with Statistics Canada’s 3.83 million
acre estimate.
CENTER 10-July-15 9-July-15 Change
AHMEDNAGAR 4350 4250 +100
ALWAR 4300 4200 +100
BHIND 4100 4100 UNCH
JAIPUR 4550 4500 +50
KANPUR 4725 4675 +50
KOTA 4060 3950 +110
VIJAYWADA 4350 4300 +50
Technical Outlook
6
SELL CORIANDER AUG BELOW 11700 TARGET 11675 11635 SL
ABOVE 11730
SELL GUARGUM OCT BELOW 9900 TARGET 9850 9780 SL
ABOVE 9960
BUY TURMERIC AUG ABOVE 7600 TARGET 7640 7700 SL
BELOW 7540
SELL CASTORSEED AUG BELOW 4000 TARGET 3975 3945 SL
ABOVE 4030
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
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Epic research daily agri report 13th july 2015

  • 1. DAILYAGRI COMMODITY REPORT 13 July 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 YOUR MINTVISORY 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 AUG 7500 7610 7456 7510 +0.67 19365 INTRADAY LEVELS SUPPORT SUPP. 1 7441 SUPP. 2 7371 PIVOT 7525 Turmeric short term trend is up and May continue in coming days.RESISTAN CE RES. 1 7595 RES. 2 7679 CORIANDER AUG 12111 12217 11700 11730 -3.03 18850 INTRADAY LEVELS SUPPORT SUPP.1 11548 SUPP. 2 11365 PIVOT 11882 Coriander short term trend is down and May continue in coming days.RESISTAN CE RES. 1 12065 RES. 2 12399 GUARGUM OCT 10050 10220 9920 9960 -0.60 15659 INTRADAY LEVELS SUPPORT SUPP. 1 9313 SUPP. 2 9867 PIVOT 9967 Guargum short term trend is down and May continue in coming days.RESISTAN CE RES. 1 10013 RES. 2 10067 CASTORSEED AUG 4018 4043 4001 4009 -0.47 47200 INTRADAY LEVELS SUPPORT SUPP. 1 3992 SUPP. 2 3976 PIVOT 4018 Castorseed short term trend is down and May continue in coming day.RESISTAN CE RES. 1 4034 RES. 2 4060
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 4009 4028 +0.47 CHANA 4225 4275 -1.17 CORIANDER 11571 11974 -3.03 GUARGUM 9960 10020 -0.60 JEERA 16205 16170 +0.22 MUSTARD SEED 4167 4143 +0.58 SOYABEAN 3506 3492 +0.40 TURMERIC 7510 7460 +0.67 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CORIANDER 20-07-2015 11596.00 -356.00 -2.98% BARLEY 20-07-2015 1195.00 -12.00 -0.99% CASTOR SEED NEW 20-07-2015 3909.00 -25.00 -0.64% JEERA 20-07-2015 16125.00 -65.00 -0.40% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CHANA 20-07-2015 4459.00 116.00 2.67% COTTON SEED OIL CAKE AKOLA 20-07-2015 1852.00 28.00 1.54% TURMERIC 20-07-2015 7424.00 54.00 0.73% RAPESEED-MUSTARD SEED 20-07-2015 4165.00 19.00 0.46% SOYABEAN 20-08-2015 3501.00 13.00 0.37% REFINED SOY OIL 20-08-2015 581.05 0.15 0.03%
  • 4. Commodities In News 4 ECONOMIC NEWS Government will roll out its multi-billion dollar food welfare plan by December, the food minister said, allowing 67 per cent of its 1.2 billion people access to cheap rice and wheat.The previous Congress-led government approved the National Food Security Act (NFSA) in August 2013. India's 29 states and seven federally administered territories had to implement it within a year.After missing several deadlines, only 11 states could introduce the plan and the rest sought more time."Finally most states have agreed to implement the NFSA by December, after the latest deadline ends in September," Ram Vilas Paswan told reporters after meeting his counterparts from states on Tuesday.In his February budget, Finance Minister Arun Jaitley earmarked Rs 1.24 trillion rupees ($20.11 billion) for food subsidies.Although Prime Minister Narendra Modi is implementing the expensive food welfare plan approved by his predecessor Manmohan Singh, the government is now trying to rein in overall subsidies to focus on investment in manufacturing and infrastructure. The Centre lauded Punjab for implementing the Food Security Act in its true spirit and said the state had the potential to be a torchbearer for other states in effective and systematic implementation of the law.Union Minister for Consumer Affairs, Food and Public Distribution Ram Vilas Paswan said Punjab has ensured doorstep delivery to beneficiaries even in the remotest villages.According to a statement by the Punjab government, the minister said the state has understood the basic spirit of the Act and has the potential to become a torchbearer to guide other states for its effective and systematic implementation.He said online and systematic monitoring of the Act, linking the beneficiaries with Aadhaar cards and ensuring 100 per cent quality control has put Punjab on a higher pedestal amongst other states.According to a government spokesperson, it was due to the state's aggressive persuasion that 11 per cent coverage of population eligible for receiving subsidised food grains, which was much lower than neighboring states, with the same socio-economic pattern has increased manifold. Monsoon in July would remain a strong factor influencing price direction as sowing of kharif Pulses continue. Govt initiatives to import more Pulses to improve supply could limit the uptrend as it proposes to import 5000 tons Urad and has floated tender for import of 5000 tons.As per latest Govt reports, the area under Kharif Pulses has risen to 22.61 lakh ha as on 3rd July vs 9.72 lakh ha same period last year. Above normal rains in Central and South India have improved sowing, keeping prices down for Chana in June.Rajasthan Govt relaxed imposing stock limit on Pulses w.e.f. 15th July to 30th Nov, the limit for wholesalers: 2500 Q for 45 days and for retailers: 400 Q NCDEX Turmeric July contract has been moving up by 1.25 per cent to 7434 level at 11.09 am on Friday.According to traders the unexpected rains in several parts of the Nizamabad district few weeks back had resulted in damage to stored crops, also yielding losses to farmersAccording to traders from Andhra and Karnataka, medium term trend looks positive as spot demand expected to improve against falling price offers and a lower production this year. Market talks indicate that the total production in the range of 50-52 lakh bags in the current year, down 20 lakh bags versus last year in the same period. Jeera settled up by 0.34% at 16395 due to lower production at major producing belts and due to raising export demand. Currently, the traders and stockist are active in the spot market to serve the demand from the domestic market. There is expectation of revival of export demand on short supply. Still the quality issues and supply concerns from the production states keep the prices volatile. As per third advance estimate of Gujarat State, production is expected at 1.58 lakh tonnes in 2014-15 which is 54.3 per cent lower compared to last years’ production of 3.46 lakh tonnes. According to Gujarat government data released on 19th Jan 15, Jeera recorded 2.64 lakh hac, 42% less sowing compared to last year’s 4.54 lakh hac.
  • 5. 5 Fundamental Watch : Chana CHANA ARRIVALS AT KEY SPOT MARKETNational Market Update According to IBIS (provisional data), import of pulses in the last week (29 June-05 July) was 90 Thousand tonnes at major ports in India which is around 14% lower than last week (21-28 June), which was 105 thousand tonnes. Moong, Urad and Yellow Pea were imported lower this week whereas Masoor and Toor were imported higher as compare to last week. According to trader’s feed back in Solapur region of Maharashtra, urad and moong sown area till now have increased by around 20-30% as compared to last year. But in the recent days farmers have not received sufficient rainfall and if the situation continues to be the same, it could affect the yield of the crop. The government of Rajasthan has revised the stock limit to wholesalers from 250 tonnes to 400 tonnes. Of the 400 tonnes, a wholesaler may hold up to 200 tonnes of chana and 200 tonnes of other pulses. An official said warehouses registered with the Warehousing Development and Regulatory Authority (WDRA) would also be covered in the norm. Government agency MMTC opened a tender to import 5000 tonnes of Tur, the offers must be of minimum 2500 tonnes and remain valid until 24th July and has to be shipped within 15 September at Mumbai or Chennai port. Tur can be imported from Myanmar, Mozambique and Malawi. According to the local traders, no major damage occurred in Canadian Pulses by frost and even the warm weather that followed has been ideal for crop development. They are estimating 3.75 million acres of the lentil crop, which is well above Statistics Canada’s 3.35 million acre estimate and 3.9 million acres of peas, comprising three million acres of yellow and 870,000 acres of green peas. That is higher in line with Statistics Canada’s 3.83 million acre estimate. CENTER 10-July-15 9-July-15 Change AHMEDNAGAR 4350 4250 +100 ALWAR 4300 4200 +100 BHIND 4100 4100 UNCH JAIPUR 4550 4500 +50 KANPUR 4725 4675 +50 KOTA 4060 3950 +110 VIJAYWADA 4350 4300 +50
  • 6. Technical Outlook 6 SELL CORIANDER AUG BELOW 11700 TARGET 11675 11635 SL ABOVE 11730 SELL GUARGUM OCT BELOW 9900 TARGET 9850 9780 SL ABOVE 9960 BUY TURMERIC AUG ABOVE 7600 TARGET 7640 7700 SL BELOW 7540 SELL CASTORSEED AUG BELOW 4000 TARGET 3975 3945 SL ABOVE 4030
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