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DAILY AGRI COMMODITY REPORT
15 July 2016
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Our Presence
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Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
AUG 8030 8066 7900 7974 -0.94 7585
INTRADAY
LEVELS
SUPPORT SUPP. 1
7894
SUPP. 2
7814
PIVOT
7980
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8060
RES. 2
8146
CORIANDER
AUG 7685 7715 7638 7638 -1.18 3390
INTRADAY
LEVELS
SUPPORT SUPP.1
7612
SUPP. 2
7587
PIVOT
7664
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
7689
RES. 2
7741
GUARGUM
OCT 7220 7400 7040 7090 -0.42 61656
INTRADAY
LEVELS
SUPPORT SUPP. 1
6953
SUPP. 2
6817
PIVOT
7177
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
7313
RES. 2
7537
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 8710 8868 -1.78
CORIANDER 7809 7897 -1.11
GUARGUM 7090 7420 -0.42
JEERA 18340 18735 -2.11
MUSTARD
SEED
4924 4884 +0.82
SOYABEAN 3811 3851 -1.04
TURMERIC 8128 8164 -0.44
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
GUAR GUM 20-07-2016 6820.00 120.00 1.79%
COTTON SEED OIL CAKE
AKOLA
20-07-2016 2690.00 36.00 1.36%
SOY BEAN 20-07-2016 3650.00 29.00 0.80%
RAPESEED-MUSTARD
SEED
20-07-2016 4924.00 37.00 0.76%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
GUAR SEED 10 MT 20-07-2016 3560.00 -76.00 -2.09%
JEERA 20-07-2016 18340.00 -280.00 -1.50%
Commodities In News
4
ECONOMIC NEWS
 Considering the demand-and-supply gap, as reflected from the price
trend in chana, the Securities and Exchange Board of India (Sebi) has
tightened the margin (upfront payment) of the only listed pulse due to its
huge run-up in the price. Chana price on Monday went up to Rs 7,900 a
quintal in the wholesale mandi Bikaner, according to NCDEX data, while
futures were quoting at Rs 7,800. With Monday’s margin, the total margin
on the buy side has increased to 95 per cent, which could force players with
long positions to square off as fast as possible.
 The Centre has directed the Enforcement Directorate (ED) and other
authorities to conduct nationwide raid on go downs and warehouses to
recover around 125,000 tones of chana dal (gram) illegally stored by
traders on behalf of farmers, which has artificially pushed up prices in the
domestic market. Officials said the government has estimated that most of
these have been stored in Madhya Pradesh and Maharashtra, where the
crop is mainly grown. The Centre is also planning to write to all states to
bring down the gap between the retail and wholesale prices of pulses to 20-
25 per cent in metropolitan and other big cities by whatever means
possible. At present, the difference between the retail and wholesale prices
of pulses in some cities like Delhi is as high as 50 per cent, which is
unusual. By bringing down the gap between retail and wholesale prices,
retail traders would be dis-incentivised to store pulses beyond a reasonable
time. States have been directed to take all possible measures, including
random raids and checking. These decisions were taken at a high-level
meeting of officials from the ED, income tax department, Directorate of
Revenue Intelligence (DR), state police and the department of consumer
affairs to keep a check on pulses prices, particularly of chana, which have
shown a rising trend in the last few days. Data from the department of
consumer affairs showed that the average retail price of chana dal had gone
up around Rs 20 a kg in the past one month. With prices of other pulses
also ruling above Rs 100 a kg, the latest increase has threatened to further
push up retail inflation, which touched a 22-month high of 5.77 per cent in
June 2016 mainly due to costly food products.
 Barley futures extended their gains on weak global coarse cereals
supplies coupled with poor sowing trend of kharif coarse cereals. As
per latest monthly report of United States Department of Agriculture,
the Global coarse grain supplies for 2016/17 are projected slightly
lower this month to 1302 Million tones on weak Corn and Barley
production. Global barley production for 2016/17 is lowered, mostly on
reductions for Turkey, Canada, Algeria, and Morocco, which more than
offset increases for Australia, Ukraine and Uruguay. The prices were
also supported by weak sowing scenario of kharif coarse cereals. As
per latest update from Ministry of Agriculture, the total sown area as on
8th July, 2016 as per reports received from States, stands at 75.02 lakh
hectare as compared to 77.32lakh hectare at this time last year. The
NCDEX August futures augmented by 0.22 percent to close at Rs 1604
per quintal.
 Soybean sowing in Maharashtra was recorded at 3.55 million
hectares, a drop of 320,000 hectares, against 3.87 million hectares,
whereas, Rajasthan saw the highest drop of 19.3 per cent in soybean
sowing at 854,000 hectares, as against 1.05 million hectares during
kharif 2013, according to Soybean Processors Association of India
(SOPA).
 Coriander and jeera prices fell by Rs 100 per quintal in the national
capital today owing to subdued demand from retailers and stockiest at
higher levels amid sufficient stocks position. Coriander prices eased by
Rs 100 to finish at Rs 8,000-14,200 per quintal. Jeera common and
jeera best quality also declined by Rs 100 each to conclude at Rs
18,900-19,100 and Rs 21,200-21,700 per quintal. Market men said
subdued demand from retailers and stockiest at higher levels against
sufficient stocks, mainly pulled down coriander and jeera prices.
Technical Outlook
5
SELL CORIANDER AUG BELOW 7040 TARGET 6995 6895 SL
ABOVE 7105
SELL GUARGUM OCT BELOW 7620 TARGET 7570 7500 SL
ABOVE 7680
SELL TURMERIC AUG BELOW 7945 TARGET 7901 7841 SL
ABOVE 8005
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 15th july 2016

  • 1. DAILY AGRI COMMODITY REPORT 15 July 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 8030 8066 7900 7974 -0.94 7585 INTRADAY LEVELS SUPPORT SUPP. 1 7894 SUPP. 2 7814 PIVOT 7980 Turmeric short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 8060 RES. 2 8146 CORIANDER AUG 7685 7715 7638 7638 -1.18 3390 INTRADAY LEVELS SUPPORT SUPP.1 7612 SUPP. 2 7587 PIVOT 7664 Coriander short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 7689 RES. 2 7741 GUARGUM OCT 7220 7400 7040 7090 -0.42 61656 INTRADAY LEVELS SUPPORT SUPP. 1 6953 SUPP. 2 6817 PIVOT 7177 Guargum short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 7313 RES. 2 7537 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 8710 8868 -1.78 CORIANDER 7809 7897 -1.11 GUARGUM 7090 7420 -0.42 JEERA 18340 18735 -2.11 MUSTARD SEED 4924 4884 +0.82 SOYABEAN 3811 3851 -1.04 TURMERIC 8128 8164 -0.44 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % GUAR GUM 20-07-2016 6820.00 120.00 1.79% COTTON SEED OIL CAKE AKOLA 20-07-2016 2690.00 36.00 1.36% SOY BEAN 20-07-2016 3650.00 29.00 0.80% RAPESEED-MUSTARD SEED 20-07-2016 4924.00 37.00 0.76% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % GUAR SEED 10 MT 20-07-2016 3560.00 -76.00 -2.09% JEERA 20-07-2016 18340.00 -280.00 -1.50%
  • 4. Commodities In News 4 ECONOMIC NEWS  Considering the demand-and-supply gap, as reflected from the price trend in chana, the Securities and Exchange Board of India (Sebi) has tightened the margin (upfront payment) of the only listed pulse due to its huge run-up in the price. Chana price on Monday went up to Rs 7,900 a quintal in the wholesale mandi Bikaner, according to NCDEX data, while futures were quoting at Rs 7,800. With Monday’s margin, the total margin on the buy side has increased to 95 per cent, which could force players with long positions to square off as fast as possible.  The Centre has directed the Enforcement Directorate (ED) and other authorities to conduct nationwide raid on go downs and warehouses to recover around 125,000 tones of chana dal (gram) illegally stored by traders on behalf of farmers, which has artificially pushed up prices in the domestic market. Officials said the government has estimated that most of these have been stored in Madhya Pradesh and Maharashtra, where the crop is mainly grown. The Centre is also planning to write to all states to bring down the gap between the retail and wholesale prices of pulses to 20- 25 per cent in metropolitan and other big cities by whatever means possible. At present, the difference between the retail and wholesale prices of pulses in some cities like Delhi is as high as 50 per cent, which is unusual. By bringing down the gap between retail and wholesale prices, retail traders would be dis-incentivised to store pulses beyond a reasonable time. States have been directed to take all possible measures, including random raids and checking. These decisions were taken at a high-level meeting of officials from the ED, income tax department, Directorate of Revenue Intelligence (DR), state police and the department of consumer affairs to keep a check on pulses prices, particularly of chana, which have shown a rising trend in the last few days. Data from the department of consumer affairs showed that the average retail price of chana dal had gone up around Rs 20 a kg in the past one month. With prices of other pulses also ruling above Rs 100 a kg, the latest increase has threatened to further push up retail inflation, which touched a 22-month high of 5.77 per cent in June 2016 mainly due to costly food products.  Barley futures extended their gains on weak global coarse cereals supplies coupled with poor sowing trend of kharif coarse cereals. As per latest monthly report of United States Department of Agriculture, the Global coarse grain supplies for 2016/17 are projected slightly lower this month to 1302 Million tones on weak Corn and Barley production. Global barley production for 2016/17 is lowered, mostly on reductions for Turkey, Canada, Algeria, and Morocco, which more than offset increases for Australia, Ukraine and Uruguay. The prices were also supported by weak sowing scenario of kharif coarse cereals. As per latest update from Ministry of Agriculture, the total sown area as on 8th July, 2016 as per reports received from States, stands at 75.02 lakh hectare as compared to 77.32lakh hectare at this time last year. The NCDEX August futures augmented by 0.22 percent to close at Rs 1604 per quintal.  Soybean sowing in Maharashtra was recorded at 3.55 million hectares, a drop of 320,000 hectares, against 3.87 million hectares, whereas, Rajasthan saw the highest drop of 19.3 per cent in soybean sowing at 854,000 hectares, as against 1.05 million hectares during kharif 2013, according to Soybean Processors Association of India (SOPA).  Coriander and jeera prices fell by Rs 100 per quintal in the national capital today owing to subdued demand from retailers and stockiest at higher levels amid sufficient stocks position. Coriander prices eased by Rs 100 to finish at Rs 8,000-14,200 per quintal. Jeera common and jeera best quality also declined by Rs 100 each to conclude at Rs 18,900-19,100 and Rs 21,200-21,700 per quintal. Market men said subdued demand from retailers and stockiest at higher levels against sufficient stocks, mainly pulled down coriander and jeera prices.
  • 5. Technical Outlook 5 SELL CORIANDER AUG BELOW 7040 TARGET 6995 6895 SL ABOVE 7105 SELL GUARGUM OCT BELOW 7620 TARGET 7570 7500 SL ABOVE 7680 SELL TURMERIC AUG BELOW 7945 TARGET 7901 7841 SL ABOVE 8005
  • 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.