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WEEKLY AGRI COMMODITY REPORT
05 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
Weekly Wrap Up
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
MAY 10200 10620 9951 10400 +1.26 5871
INTRADAY
LEVELS
SUPPORT SUPP.1
10027
SUPP. 2
9655
PIVOT
10324
Coriander short term
trend is up, further
more upside side is
expected in comimg
days.
RESISTAN
CE
RES. 1
10696
RES. 2
10993
CASTORSEED
MAY 3794 3838 3670 3694 -2.82 5021
INTRADAY
LEVELS
SUPPORT SUPP. 1
3630
SUPP. 2
3566
PIVOT
3734
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
3798
RES. 2
3902
TURMERIC
MAY 8400 8870 8262 8300 -0.38 6033
INTRADAY
LEVELS
SUPPORT SUPP. 1
8085
SUPP. 2
7869
PIVOT
8477
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
8693
RES. 2
9085
GUARGUM
MAY 12770 13000 11450 11760 -7.40 5947
INTRADAY
LEVELS
SUPPORT SUPP. 1
11140
SUPP. 2
10520
PIVOT
12070
Guargum Short term
trend is up, Expecting
price may go up in
coming days.RESISTAN
CE
RES. 1
12690
RES. 2
13620
Weekly Recommendations
3
BUY CORIANDER MAY ABOVE 10500 TARGET 10600 10700 SL BELOW 10350
SELL CORIANDER MAY BELOW 10230 TARGET 10130 10030 SL ABOVE 10380
BUY GUARGUM MAY ABOVE 11950 TARGET 12100 12250 SL BELOW 11750
SELL GUARGUM MAY BELOW 11520 TARGET 11370 11220 SL ABOVE 11720
Commodities In News
4
ECONOMIC NEWS
 The government announced a number of steps to support local sugar
producers grappling with excess output and low prices, and help them
pay arrears totalling over Rs 20,000 crore to cane farmers.It increased the
import duty on sugar to 40 per cent from 25 per cent and withdrew duty-
free imports of raw sugar. Both measures are aimed at curbing supplies
from overseas to support local prices. It also removed a 12.36% excise
duty levied on ethanol supplied for blending with petrol. Sugar producers
need to pay state-set prices for cane. Ex-mill sugar prices are at a six-
month low after another year of surplus production and abundant
supplies in the global market. Because of this, mills say they are unable
to pay the arrears, which totalled Rs 20,099 crore as on March 31. the
immediate need of the industry is reducing a surplus of 3.5 million tonne
of sugar, which is blocking almost . 10,000 crore of cash flows for the `
industry . He wants the government to buy this sugar.The increase in
import duty would curb imports due to any drop in global prices, said the
government. Under the withdrawal of duty-free import authorisation
scheme, refiners are allowed to import raw sugar, refine it and then
export. The government reduced the time for completing exports under
its advanced authorisation scheme to six months from 18 months, to
prevent any possibility of it leaking into the local market. Non-payment
could lead cane farmers to switch to other crops, reducing local sugar
production and driving up prices, a situation that develops every few
years in India Cane arrears to farmers have touched Rs 21,000 crore as
sugar mills are facing difficulty in making payments due to low sugar
prices and high cost of production.Sugar output is estimated to cross 27
million tonnes in the 2014-15 marketing year (October-September), as
against 24.3 million tonnes in the previous year. The annual domestic
demand is about 24.8 million tonne.To bail out the cash-starved sugar
industry, the Centre had in August last year hiked the import duty on
both raw and refined sugar to 25 per cent from 15 per cent. In February
this year, it provided a subsidy of Rs 4,000 per tonne for the exports of
1.4 million tonnes of raw sugars.
 Guarseed continued to ease as stockists refrained from buying after massive
gains in the last few sessions. The demand for seeds stalled in the local markets
even as arrivals remained thin. The pace of arrivals is set to weaken in major
guar producing mandies in coming weeks and output in next season starting
from June could be severely hit it monsoon plays truant. The daily guarseed
arrivals have reduced in local mandies from 55-60 thousand bags last year to
around just 35 thousand bags today. The commodity had soared to its one year
high of Rs 5240 per quintal in Jodhpur earlier this week but has retreated
thereafter.
 Coriander stayed supported amid quality worries though is getting thin as
prices linger at three month highs. The commodity has gained in last few weeks
amid worries that rainfall in Rajasthan would affect the quality of the crop
arriving in local mandies. The commodity has been on an upward trajectory in
last few days on lack of good quality crops even as arrivals remained steady.
Spot prices linger at Rs 9701 per quintal in Kota, up Rs 60 per quintal on the
day.
 Coriander stayed supported amid quality worries though is getting thin as
prices linger at three month highs. The commodity has gained in last few weeks
amid worries that rainfall in Rajasthan would affect the quality of the crop
arriving in local mandies. The commodity has been on an upward trajectory in
last few days on lack of good quality crops even as arrivals remained steady.
Spot prices linger at Rs 9701 per quintal in Kota, up Rs 60 per quintal on the
day.
 Turmeric stays supported as growers are refusing to sell at lower levels.
Traders are eying the crop in Maharashtra nervously after the recent rainfall and
hailstorms. The commodity has stayed supported after falling to seven week
low last week one month back as upcountry demand supported. However, over
a medium term, traders are expecting further decline in the coming days due to
possibility of new supplies from other producing states, primarily in Karnataka
in near term.
5
NEWS RECAP
COMMODITY HEADLINES
 Consumption demand to lift India to 7.7% GDP growth in FY16.
 Arrears to sugarcane farmers touch Rs 21,000 crore: Government.
 India to voluntarily reduce emission intensity of GDP by 20-25 per cent by 2020.
 Wheat procurement may miss 30-million tonnes target this year: Government.
 Government may soon announce steps to clear sugar mills dues of Rs 20,000 crore.
 India changes norms for preferential quota Sugar exports to EU, US.
 India hikes import duty on Sugar to 40%.
 Import duty on sugar up to 40%, no excise on ethanol for blending.
 Duty perks to help sugar producers pay Rs.20,000 crore dues.
 Sugar output rises 14.27% to 27.37 million tonnes in October-April.
 40% of India still banks on monsoon for agriculture.
SPOT QUOTES
6
COMMODITY NAME LOCATION PRICE
Mustard Seed 2 MT Jaipur 3719.8
Mustardseed Jaipur 3719.8
Mustardseed Alwar 3710.5
Ref Soya Oil Nagpur 604.5
Ref Soya Oil Indore 595
Ref Soya Oil Mumbai 590
Soy Bean Kota 3868.75
Soy Bean Indore 4008
Soy Bean Nagpur 4080
Soybean 2 MT Indore 4008
Soymeal Indore 37250
Sugar M Grade Kolhapur 2556.5
COMMODITY NAME LOCATION PRICE
Barley Jaipur 1263.95
Castor Seed Deesa 3665.6
Castor Seed 2 MT Deesa 3665.6
Chana Bikaner 4100
Chana Delhi 4314.45
Chana Indore 4306.65
Chana 2 MT Delhi 4314.45
Coriander Kota 9701.05
Cotton Kadi 16409.6
Cotton Seed (Industrial
Grade)
Akola 2132
Cotton Seed Oilcake Akola 1800
Cotton Seed Oilcake Kadi 1879.15
Crude Palm Oil Kandla 433.6
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.

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Epic research weekly agri report 04th to 8th may 2015

  • 1. WEEKLY AGRI COMMODITY REPORT 05 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. Weekly Wrap Up 2 MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL CORIANDER MAY 10200 10620 9951 10400 +1.26 5871 INTRADAY LEVELS SUPPORT SUPP.1 10027 SUPP. 2 9655 PIVOT 10324 Coriander short term trend is up, further more upside side is expected in comimg days. RESISTAN CE RES. 1 10696 RES. 2 10993 CASTORSEED MAY 3794 3838 3670 3694 -2.82 5021 INTRADAY LEVELS SUPPORT SUPP. 1 3630 SUPP. 2 3566 PIVOT 3734 Castorseed short term trend is down, Prices expected to go down in coming days.RESISTAN CE RES. 1 3798 RES. 2 3902 TURMERIC MAY 8400 8870 8262 8300 -0.38 6033 INTRADAY LEVELS SUPPORT SUPP. 1 8085 SUPP. 2 7869 PIVOT 8477 Turmeric short term trend is up and may continue in coming days.RESISTAN CE RES. 1 8693 RES. 2 9085 GUARGUM MAY 12770 13000 11450 11760 -7.40 5947 INTRADAY LEVELS SUPPORT SUPP. 1 11140 SUPP. 2 10520 PIVOT 12070 Guargum Short term trend is up, Expecting price may go up in coming days.RESISTAN CE RES. 1 12690 RES. 2 13620
  • 3. Weekly Recommendations 3 BUY CORIANDER MAY ABOVE 10500 TARGET 10600 10700 SL BELOW 10350 SELL CORIANDER MAY BELOW 10230 TARGET 10130 10030 SL ABOVE 10380 BUY GUARGUM MAY ABOVE 11950 TARGET 12100 12250 SL BELOW 11750 SELL GUARGUM MAY BELOW 11520 TARGET 11370 11220 SL ABOVE 11720
  • 4. Commodities In News 4 ECONOMIC NEWS  The government announced a number of steps to support local sugar producers grappling with excess output and low prices, and help them pay arrears totalling over Rs 20,000 crore to cane farmers.It increased the import duty on sugar to 40 per cent from 25 per cent and withdrew duty- free imports of raw sugar. Both measures are aimed at curbing supplies from overseas to support local prices. It also removed a 12.36% excise duty levied on ethanol supplied for blending with petrol. Sugar producers need to pay state-set prices for cane. Ex-mill sugar prices are at a six- month low after another year of surplus production and abundant supplies in the global market. Because of this, mills say they are unable to pay the arrears, which totalled Rs 20,099 crore as on March 31. the immediate need of the industry is reducing a surplus of 3.5 million tonne of sugar, which is blocking almost . 10,000 crore of cash flows for the ` industry . He wants the government to buy this sugar.The increase in import duty would curb imports due to any drop in global prices, said the government. Under the withdrawal of duty-free import authorisation scheme, refiners are allowed to import raw sugar, refine it and then export. The government reduced the time for completing exports under its advanced authorisation scheme to six months from 18 months, to prevent any possibility of it leaking into the local market. Non-payment could lead cane farmers to switch to other crops, reducing local sugar production and driving up prices, a situation that develops every few years in India Cane arrears to farmers have touched Rs 21,000 crore as sugar mills are facing difficulty in making payments due to low sugar prices and high cost of production.Sugar output is estimated to cross 27 million tonnes in the 2014-15 marketing year (October-September), as against 24.3 million tonnes in the previous year. The annual domestic demand is about 24.8 million tonne.To bail out the cash-starved sugar industry, the Centre had in August last year hiked the import duty on both raw and refined sugar to 25 per cent from 15 per cent. In February this year, it provided a subsidy of Rs 4,000 per tonne for the exports of 1.4 million tonnes of raw sugars.  Guarseed continued to ease as stockists refrained from buying after massive gains in the last few sessions. The demand for seeds stalled in the local markets even as arrivals remained thin. The pace of arrivals is set to weaken in major guar producing mandies in coming weeks and output in next season starting from June could be severely hit it monsoon plays truant. The daily guarseed arrivals have reduced in local mandies from 55-60 thousand bags last year to around just 35 thousand bags today. The commodity had soared to its one year high of Rs 5240 per quintal in Jodhpur earlier this week but has retreated thereafter.  Coriander stayed supported amid quality worries though is getting thin as prices linger at three month highs. The commodity has gained in last few weeks amid worries that rainfall in Rajasthan would affect the quality of the crop arriving in local mandies. The commodity has been on an upward trajectory in last few days on lack of good quality crops even as arrivals remained steady. Spot prices linger at Rs 9701 per quintal in Kota, up Rs 60 per quintal on the day.  Coriander stayed supported amid quality worries though is getting thin as prices linger at three month highs. The commodity has gained in last few weeks amid worries that rainfall in Rajasthan would affect the quality of the crop arriving in local mandies. The commodity has been on an upward trajectory in last few days on lack of good quality crops even as arrivals remained steady. Spot prices linger at Rs 9701 per quintal in Kota, up Rs 60 per quintal on the day.  Turmeric stays supported as growers are refusing to sell at lower levels. Traders are eying the crop in Maharashtra nervously after the recent rainfall and hailstorms. The commodity has stayed supported after falling to seven week low last week one month back as upcountry demand supported. However, over a medium term, traders are expecting further decline in the coming days due to possibility of new supplies from other producing states, primarily in Karnataka in near term.
  • 5. 5 NEWS RECAP COMMODITY HEADLINES  Consumption demand to lift India to 7.7% GDP growth in FY16.  Arrears to sugarcane farmers touch Rs 21,000 crore: Government.  India to voluntarily reduce emission intensity of GDP by 20-25 per cent by 2020.  Wheat procurement may miss 30-million tonnes target this year: Government.  Government may soon announce steps to clear sugar mills dues of Rs 20,000 crore.  India changes norms for preferential quota Sugar exports to EU, US.  India hikes import duty on Sugar to 40%.  Import duty on sugar up to 40%, no excise on ethanol for blending.  Duty perks to help sugar producers pay Rs.20,000 crore dues.  Sugar output rises 14.27% to 27.37 million tonnes in October-April.  40% of India still banks on monsoon for agriculture.
  • 6. SPOT QUOTES 6 COMMODITY NAME LOCATION PRICE Mustard Seed 2 MT Jaipur 3719.8 Mustardseed Jaipur 3719.8 Mustardseed Alwar 3710.5 Ref Soya Oil Nagpur 604.5 Ref Soya Oil Indore 595 Ref Soya Oil Mumbai 590 Soy Bean Kota 3868.75 Soy Bean Indore 4008 Soy Bean Nagpur 4080 Soybean 2 MT Indore 4008 Soymeal Indore 37250 Sugar M Grade Kolhapur 2556.5 COMMODITY NAME LOCATION PRICE Barley Jaipur 1263.95 Castor Seed Deesa 3665.6 Castor Seed 2 MT Deesa 3665.6 Chana Bikaner 4100 Chana Delhi 4314.45 Chana Indore 4306.65 Chana 2 MT Delhi 4314.45 Coriander Kota 9701.05 Cotton Kadi 16409.6 Cotton Seed (Industrial Grade) Akola 2132 Cotton Seed Oilcake Akola 1800 Cotton Seed Oilcake Kadi 1879.15 Crude Palm Oil Kandla 433.6
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