1. WEEKLYAGRI COMMODITY REPORT
23 Feb 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. Weekly Wrap Up
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
APR 7250 7250 6391 9424 -11.8 88120
INTRADAY
LEVELS
SUPPORT SUPP.1
6127
SUPP. 2
5829
PIVOT
6688
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
6986
RES. 2
7547
CASTORSEED
MAR 3920 3920 3742 3764 -3.1 185520
INTRADAY
LEVELS
SUPPORT SUPP. 1
3697
SUPP. 2
3631
PIVOT
3809
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
3875
RES. 2
3987
TURMERIC
APR 8070 9196 8070 9088 +13.6 97700
INTRADAY
LEVELS
SUPPORT SUPP. 1
8373
SUPP. 2
7659
PIVOT
8785
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
9499
RES. 2
9911
GUARGUM
MAR 9010 9500 8660 8850 -1.7 26912
INTRADAY
LEVELS
SUPPORT SUPP. 1
8507
SUPP. 2
8163
PIVOT
9003
Guargum Short term
trend is Down,
Expecting price may go
Down in coming days.RESISTAN
CE
RES. 1
9347
RES. 2
9843

3. Weekly Recommendations
3
BUY DHANIYA APR ABOVE 6600 TGTS 6700,6850 SL 6400
SELL DHANIYA APR BELOW 6390 TGTS 6290,6140 SL 6590
BUY GUARGUM MAR ABOVE 9070 TGTS 9120,9320 SL 8820
SELL GUARGUM MAR BELOW 8740 TGTS 8590,8390 SL 8940

4. Commodities In News
4
ECONOMIC NEWS
 The Cabinet on Thursday approved a higher subsidy of Rs 4,000 a
tonne for exports of raw sugar, a decision that could support local prices
by reducing excess supplies as India stares at a glut in production. The
export incentive will be given for 1.4 million tonnes of raw sugar in the
2014-15 season, which began on October 1. The subsidy is given for
specific periods and it was most recently Rs 3,371. India, the biggest
sugar producer after Brazil, has an annual domestic requirement of 24.8
million tonnes. But this season's production is pegged at 25 million
tonnes and the country also has a carryover stock of 7.2 million
tonnes."Even if we keep 6 million tonnes for three months' requirement,
we have enough stock and hence can export,“ Indian Sugar Mills
Association welcomed the move. "Sugar mills will need to gear up to
produce the 1.4 million tonnes of raw sugar in the balance 1-1.5 months
of crushing period remaining. At the current global and domestic prices,
raw sugar exports from India is just about viable with the
incentives,"there is a surplus of around 2.5 MT and therefore the industry
will require incentives for another 1-1.5 MT. otherwise the cane price
arrears which are at Rs 12,300 crore will very soon cross Rs 13,000 crore
recorded in last season," the long-term solution for sugar mills is
upgrading their units and using more of their by-products such as ethanol
and bagasse. The export subsidy was introduced in February last year at
Rs 3,300 per tonne.
 At least one-quarter of the world's wheat production will be lost to
extreme weather from climate change in the coming decades if no
adaptation measures are taken, researchers, including one of Indian-
origin, Researchers have found that wheat yields are projected to
decrease by 6 per cent for each degree Celsius the temperature rises if no
measures to adapt to extreme weather fluctuations are taken. based on the
2012-2013 wheat harvest of 701 million tonnes worldwide, the resulting
temperature increase would result in 42 million tonnes less produced
wheat - or a loss of nearly one-quarter of the current wheat production.
Agriculture and Processed Food Products Export Authority developed
between April and December, according to data released by the total
exports of 541 130 tonnes is guar. Total 418 782 tonnes in the same
period last year, exports were guar gum.Exporters and Suppliers in
Jodhpur all sitting around 20 tonnes, according to information from the
risk of default on payment of 1,300 containers.It also is expected to
reduce the demand for guar gum. Since August, prices of guar gum has
fallen nearly 9,500 per quintal. Guar gum prices in August were at
18,500 rupees per quintal to Rs 9,000 level last week.Indian guar gum
manufacturer association in the current quarter is expected to decrease in
the export of guar gum. In which the whole year is likely to see a decline
in export figures. In fiscal 2014, total exports were 601 945 tonnes of
guar gum.
 Turmeric prices in the futures market climbed 11 percent this week
due crop damage from the Karnataka and Andhra Pradesh. Demand for
the commodity has been increasing rapidly from North India and from
the medicinal and cosmetic industry. 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 10% to 43,000 tonnes
during Apr-Sep 2014 as compared to last year. The export target for the
2014-15 is 80,000 tonnes according to Spice Board. Tamil Nadu and
Karnataka recorded lower acreage in turmeric last year, down 6-10 per
cent year-on-year due to delayed monsoon and poor price realisation last
year.
 The fundamentals on Jeera is positive due to less production estimate
amid less sowing area in the Gujarat, the main Jeera producing state. The
supplies of Jeera expected to rise in the next month due to arrival of new
season crop. Export orders are diverted to India due to Geo-political
tensions in Syria and Turkey. .Jeera (cumin) exports have been 87,500
tonnes in the first six months (Apr-Sep) of 2014-15, a rise of 25%.

5. 5
NEWS RECAP
COMMODITY HEADLINES
India's Foodgrain Production Estimated At 257.07 Million For 2014-15, Down 3% From Previous
Year's Record.
 Pulses' import set for new high on less output.
Pulses lead fall in acreage of rabi crop.
 India Sugar production soar by 15 per cent.
 India Leading Economic Index rises 0.5% in Jan.
 Government approves subsidy of Rs 4,000 a tonne for exports of raw sugar.
 Foodgrains output may drop by 3 per cent to 257 MT this year.
 Rabi Rice Acreage Down 14%.
 Sowing of rabi crops declined 6 percent.
 India must not have 'irrational fears' for GM crops .
 Spice exports up 12%.

6. SPOT QUOTES
6
COMMODITY NAME LOCATION PRICE
Mustard Seed 2 MT Jaipur 3575.55
Mustardseed Jaipur 3575.55
Ref Soya Oil Nagpur 630
Ref Soya Oil Indore 620.25
Ref Soya Oil Mumbai 611
Soy Bean Kota 3200
Soy Bean Indore 3410
Soy Bean Nagpur 3468
Soybean 2 MT Indore 3410
Soymeal Indore 29000
Sugar M Grade Kolhapur 2660
Sugar M Grade Kanpur 2873.35
COMMODITY NAME LOCATION PRICE
Barley Jaipur 1399.95
Castor Seed Deesa 3800
Castor Seed 2 MT Deesa 3800
Chana Bikaner 3450
Chana Delhi 3535
Chana Indore 3440
Chana 2 MT Delhi 3535
Coriander Kota 7723.7
Cotton Kadi 14820
Cotton Seed (Industrial Grade) Akola 1790
Cotton Seed Oilcake Akola 1485.85
Cotton Seed Oilcake Kadi 1505.15
Crude Palm Oil Kandla 458.35
Guar Gum Jodhpur 8874

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.