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DAILY AGRI COMMODITY REPORT
03 August 2016
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
Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
AUG 8120 8300 8106 8262 +1.52 6910
INTRADAY
LEVELS
SUPPORT SUPP. 1
8145
SUPP. 2
8029
PIVOT
8223
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8339
RES. 2
8417
CORIANDER
AUG 8533 8730 8532 8600 +0.96 4300
INTRADAY
LEVELS
SUPPORT SUPP.1
8511
SUPP. 2
8423
PIVOT
8621
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
8709
RES. 2
8819
GUARGUM
OCT 6560 6880 6500 6880 +3.93 33543
INTRADAY
LEVELS
SUPPORT SUPP. 1
6627
SUPP. 2
6373
PIVOT
6753
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
7007
RES. 2
7133
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTAN
CE
RES. 1
-
RES. 2
-
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED - - -
CHANA - - -
CORIANDER 8600 8518 +0.96
GUARGUM 6880 6620 +3.93
JEERA 19470 19600 -0.66
MUSTARD
SEED
4932 4904 +0.57
SOYBEAN 3597 3558 +1.10
TURMERIC 8262 8138 +1.52
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
GUAR SEED 10 MT 20-10-2016 3842.00 152.00 4.12%
GUAR GUM 20-10-2016 6880.00 270.00 4.08%
TURMERIC 19-08-2016 8262.00 130.00 1.60%
SUGAR M GRADE 20-10-2016 3741.00 47.00 1.27%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
MAIZE -
FEED/INDUSTRIAL
GRADE
20-10-2016 1375.00 -8.00 -0.58%
JEERA 19-08-2016 19470.00 -90.00 -0.46%
Commodities In News
4
ECONOMIC NEWS
 The government today said agricultural production has been increasing
even though cultivable area has seen a marginal decline. Agriculture
Minister Radha Mohan Singh told the Lok Sabha that state governments
have to take suitable measures to check diversion of agricultural land for
non-agricultural purposes while Centre is taking steps to increase the
cultivable area. "Despite marginal decline in the cultivable area, the
agricultural production in the country has been increasing except in the
years affected by drought, floods and other natural calamities," Singh said
during Question Hour. The average area under cultivation declined to
181.713 million hectares in 2013-14 compared to 182.209 million hectares
during the period from 2007-08 to 2011-12, according to official data. As
per Agriculture Census data for 2010-11, the average size of operational
holding of land has declined from 1.33 hectares in 2000-01 to 1.15 hectares
in 2010-11. According to him, various crop development schemes and
programmers are being implemented to boost agricultural production and
productivity of agricultural crops. Among others, the government is
implementing the National Mission for Sustainable Agriculture (NMSA) to
prevent soil erosion and land degradation. "Under this Mission, all type of
land including waste land/barren land are developed with suitable need-
based soil and water conservation measures and partly such degraded lands
developed are put to agriculture uses," the Minister said.
 Market regulator the Securities and Exchange Board of India (Sebi) is
set to finalize stricter regulations for warehouses that are recognized by
commodity exchanges, especially storing goods meant for selling on the
exchange platforms. This will be very significant for trading in agri
commodities. Sebi has asked Commodity Derivative Advisory Committee
to give its views. Sebi will hold a meeting with the committee to discuss
new regulations for warehouses anytime during the current month.
Currently, warehouse service providers are recognized by the exchanges,
but now their net worth is being increased to Rs 50 crore and separate
recognition is required from single warehouse of the recognized service
provider. A proposal is also being discussed to keep net worth in sync with
goods stored.
 Turmeric futures augmented by almost 2 percent on the account of
fresh buying by traders in local mandies. The sources stated that current
year turmeric production is likely to decline by 10-15 percent as
turmeric area has been shifted towards other crops like sugarcane and
rice. Moreover, exporter's demand has also supported prices in
domestic mandies. As per official data, the turmeric exports in April
2016 were projected at 9,135 tones , up 26.90 percent from the last year
in the same period. The NCDEX August futures swelled by 1.70
percent to close at Rs 8274 per quintal yesterday.
 Mustard seed futures have witnessed some bargain buying on the
heels of receding daily supplies coupled with possible shortfall of
soybean crop in the current year. The sources stated that heavy rainfall
in northern part of the country has reduced Daily supplies of mustard
seed to almost 50 percent in major mandies of Rajasthan and Uttar
Pradesh. On the side, possible decline in soybean crop in the current
year also aided oilseeds prices in local mandies. AS per latest survey
conducted by the Soybean Processors Association of India (SOPA)
shows that the soya bean area has been stood at 106.65 lakh hectares,
which is likely to reach 113.86 lakh hectares , down 3 to 5 percent from
last year. The survey reported decline in Madhya Pradesh as some
farmers have opted for pulses over soybean The NCDEX August
Mustard seed futures increased by 2.29 percent to close at Rs 4916 per
quintal.
 The common man has little respite from food prices, it seems.
Coriander, used to flavor curries, has flared up by almost 12% on the
futures market in the past seven trading sessions through Friday as
traders wager that farmers will shift to more lucrative spices like cumin,
chana and wheat, reducing the area under acreage. This in turn will
push up prices of coriander. In the past seven days through July 29, the
near month futures contract (representing the wholesale price) spiked
11.6% to Rs8,526 a quintal (100 kg).
Technical Outlook
5
BUY CORIANDER AUG ABOVE 8770 TARGET 8815 8915 SL
BELOW 8705
BUY GUARGUM OCT ABOVE 6880 TARGET 6930 7000 SL
BELOW 6820
BUY TURMERIC AUG ABOVE 8300 TARGET 8344 8404 SL
BELOW 8240
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
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Epic research daily agri report 03 august 2016

  • 1. DAILY AGRI COMMODITY REPORT 03 August 2016 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 8120 8300 8106 8262 +1.52 6910 INTRADAY LEVELS SUPPORT SUPP. 1 8145 SUPP. 2 8029 PIVOT 8223 Turmeric short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 8339 RES. 2 8417 CORIANDER AUG 8533 8730 8532 8600 +0.96 4300 INTRADAY LEVELS SUPPORT SUPP.1 8511 SUPP. 2 8423 PIVOT 8621 Coriander short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 8709 RES. 2 8819 GUARGUM OCT 6560 6880 6500 6880 +3.93 33543 INTRADAY LEVELS SUPPORT SUPP. 1 6627 SUPP. 2 6373 PIVOT 6753 Guargum short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 7007 RES. 2 7133 CASTORSEED - - - - - - - INTRADAY LEVELS SUPPORT SUPP. 1 - SUPP. 2 - PIVOT - - RESISTAN CE RES. 1 - RES. 2 -
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED - - - CHANA - - - CORIANDER 8600 8518 +0.96 GUARGUM 6880 6620 +3.93 JEERA 19470 19600 -0.66 MUSTARD SEED 4932 4904 +0.57 SOYBEAN 3597 3558 +1.10 TURMERIC 8262 8138 +1.52 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % GUAR SEED 10 MT 20-10-2016 3842.00 152.00 4.12% GUAR GUM 20-10-2016 6880.00 270.00 4.08% TURMERIC 19-08-2016 8262.00 130.00 1.60% SUGAR M GRADE 20-10-2016 3741.00 47.00 1.27% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % MAIZE - FEED/INDUSTRIAL GRADE 20-10-2016 1375.00 -8.00 -0.58% JEERA 19-08-2016 19470.00 -90.00 -0.46%
  • 4. Commodities In News 4 ECONOMIC NEWS  The government today said agricultural production has been increasing even though cultivable area has seen a marginal decline. Agriculture Minister Radha Mohan Singh told the Lok Sabha that state governments have to take suitable measures to check diversion of agricultural land for non-agricultural purposes while Centre is taking steps to increase the cultivable area. "Despite marginal decline in the cultivable area, the agricultural production in the country has been increasing except in the years affected by drought, floods and other natural calamities," Singh said during Question Hour. The average area under cultivation declined to 181.713 million hectares in 2013-14 compared to 182.209 million hectares during the period from 2007-08 to 2011-12, according to official data. As per Agriculture Census data for 2010-11, the average size of operational holding of land has declined from 1.33 hectares in 2000-01 to 1.15 hectares in 2010-11. According to him, various crop development schemes and programmers are being implemented to boost agricultural production and productivity of agricultural crops. Among others, the government is implementing the National Mission for Sustainable Agriculture (NMSA) to prevent soil erosion and land degradation. "Under this Mission, all type of land including waste land/barren land are developed with suitable need- based soil and water conservation measures and partly such degraded lands developed are put to agriculture uses," the Minister said.  Market regulator the Securities and Exchange Board of India (Sebi) is set to finalize stricter regulations for warehouses that are recognized by commodity exchanges, especially storing goods meant for selling on the exchange platforms. This will be very significant for trading in agri commodities. Sebi has asked Commodity Derivative Advisory Committee to give its views. Sebi will hold a meeting with the committee to discuss new regulations for warehouses anytime during the current month. Currently, warehouse service providers are recognized by the exchanges, but now their net worth is being increased to Rs 50 crore and separate recognition is required from single warehouse of the recognized service provider. A proposal is also being discussed to keep net worth in sync with goods stored.  Turmeric futures augmented by almost 2 percent on the account of fresh buying by traders in local mandies. The sources stated that current year turmeric production is likely to decline by 10-15 percent as turmeric area has been shifted towards other crops like sugarcane and rice. Moreover, exporter's demand has also supported prices in domestic mandies. As per official data, the turmeric exports in April 2016 were projected at 9,135 tones , up 26.90 percent from the last year in the same period. The NCDEX August futures swelled by 1.70 percent to close at Rs 8274 per quintal yesterday.  Mustard seed futures have witnessed some bargain buying on the heels of receding daily supplies coupled with possible shortfall of soybean crop in the current year. The sources stated that heavy rainfall in northern part of the country has reduced Daily supplies of mustard seed to almost 50 percent in major mandies of Rajasthan and Uttar Pradesh. On the side, possible decline in soybean crop in the current year also aided oilseeds prices in local mandies. AS per latest survey conducted by the Soybean Processors Association of India (SOPA) shows that the soya bean area has been stood at 106.65 lakh hectares, which is likely to reach 113.86 lakh hectares , down 3 to 5 percent from last year. The survey reported decline in Madhya Pradesh as some farmers have opted for pulses over soybean The NCDEX August Mustard seed futures increased by 2.29 percent to close at Rs 4916 per quintal.  The common man has little respite from food prices, it seems. Coriander, used to flavor curries, has flared up by almost 12% on the futures market in the past seven trading sessions through Friday as traders wager that farmers will shift to more lucrative spices like cumin, chana and wheat, reducing the area under acreage. This in turn will push up prices of coriander. In the past seven days through July 29, the near month futures contract (representing the wholesale price) spiked 11.6% to Rs8,526 a quintal (100 kg).
  • 5. Technical Outlook 5 BUY CORIANDER AUG ABOVE 8770 TARGET 8815 8915 SL BELOW 8705 BUY GUARGUM OCT ABOVE 6880 TARGET 6930 7000 SL BELOW 6820 BUY TURMERIC AUG ABOVE 8300 TARGET 8344 8404 SL BELOW 8240
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