Top Quality adbb 5cl-a-d-b Best precursor raw material
Epic research weekly agri report 13th june 2016
1. WEEKLY AGRI COMMODITY REPORT
13 JUNE 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
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
JUNE 7034 7145 6800 6800 -2.48 21560
INTRADAY
LEVELS
SUPPORT SUPP.1
6685
SUPP. 2
6570
PIVOT
6915
Coriander short term
trend is bearish and
may continue in coming
days.RESISTAN
CE
RES. 1
7030
RES. 2
7260
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTAN
CE
RES. 1
-
RES. 2
-
TURMERIC
JUNE 7854 8270 7854 8020 +1.24 54250
INTRADAY
LEVELS
SUPPORT SUPP. 1
7826
SUPP. 2
7632
PIVOT
8048
Turmeric short term
trend is bearish and
may continue in coming
days.RESISTAN
CE
RES. 1
8242
RES. 2
8464
GUARGUM
JUNE 5260 5800 5210 5760 +9.92 96210
INTRADAY
LEVELS
SUPPORT SUPP. 1
5380
SUPP. 2
5000
PIVOT
5590
Guargum Short term
trend is bearish and
may continue in
coming days.RESISTAN
CE
RES. 1
5970
RES. 2
6180
4. Commodities In News
4
ECONOMIC NEWS
Even though the arrival of monsoon has brought some relief to farmers
after two back-to-back droughts, soybean farmers of Madhya Pradesh,
Maharashtra and Rajasthan are not too keen on increasing the acreage for
their crop which stood at 110.65 lakh hectares during last year's kharif
season.Instead, they are trying to increase productivity of soybean by 20%
per hectare for a better crop size. Some farmers are planning to shift to
other crops such as pulses which had given better returns last year."Last
year, farmers faced a dry spell during the sowing season which was
followed by heavy rains during the harvesting period between September
and October. The erratic weather conditions had impacted the kharif crop
in 2015.Farmers are still worried about the late rains. That's why some
may shift from soybean to some other kharif crop this year," said DN
Pathak, executive director, Soybean Processors Association of India
(SOPA). During the 2015 kharif season, production of soybean was
around 69.29 lakh tonnes, compared with 87.1 lakh tonnes in 2014."This
year, farmers are aiming to increase the yield by at least 20% for a better
crop size. Generally, per hectare production is 980-1000 tonnes. We are
aiming to increase it to 1,200 tonne per hectare," said Mahesh Rajput, a
farmer from Indore, Madhya Pradesh. An increase in crop size will help
the country reduce its import bill on account of edible oil.The country
generally imports around 14.5-15 million tonnes of edible oil to meet its
domestic consumption which is around 20 million tonnes annually.Due to
a drop in crop size, farmers are getting better price for their produce.
Soybean prices are up 7% than what they were a year ago. At present, a
tonne of soybean is fetching a price of Rs 3950 while in June last year, the
price was Rs 3700 per quintal.BV Mehta, executive director, Solvent
Extractors' Association of India (SEA), feels that there will be some
marginal drop in acreage of soybean. "It may be 5%-10% maximum. But
we do not see a significant chunk of soybean farmers shifting to some
other crop," he added.
Cotton on MCX settled down due to weak export demand from
Bangladesh, Pakistan and Vietnam. Though, some losses were capped on
lower output from major growing regions due to delayed arrival of monsoon
coupled with scare of pest attacks such as whitefly and pink bollworm.
According to government and trade sources, Indian cotton acreage is likely
to decline by 5 -7 per cent this season compared to 118 lakh hectares during
the previous year.According to early estimates acreage is likely to decline by
around 10 lakh hectares. Delay in monsoon, fear of pest attack which crop
production previous year and advise by State Governments to decline
acreage under cotton are the factors behind likely decline in acreage. India
exported 0.618 lakh bales of cotton last week (30 May -05 June 2016),
which was 0.523 lakh bales previous to last week (23 -29 May 2016),
according to the data. Major importer of Indian cotton during the week (30
May -05 June, 2016) was Bangladesh. According to the data, Bangladesh
imported 0.257 lakh bales of cotton from India in the past week (30 May -05
June, 2016).
Mustard Seed on NCDEX settled up on supply worries in global market.
According to USDA's May report, global rapeseed production is forecast to
decline in 2016/17 to 66.15 million tons as lower sown area is reported in
Canada, Ukraine, the Europe, and China. Moreover, in Canada and EU the
rapeseed production might fall due lower acreage and expectation of insect
damage. New arrivals were reported in the range of 2-2.50 lakh bags.The
latest survey report from SEA OF INDIA, the total mustard seed crop for
marketing year 2015-16 is estimated at 57.28 lakh tonnes against 50 lakh
tonnes of the last year in the same period. The total crop size of Rajasthan is
estimated at 26.02 lakh tonnes against 23.02 lakh tonnes of the previous
year. India's mustard output is estimated at 5.8 mln tn in 2015-16 (Jul-Jun),
up from 5.0 mln tn a year ago, due to better yield and favorable weather,
according to a survey conducted jointly by the Central Organisation for Oil
Industry and Trade, Mustard Oil Producers Association, and the Solvent
Extractors' Association of India.
5. 5
NEWS RECAP
COMMODITY HEADLINES
Despite arrival of monsoon, soyabean farmers not keen on increasing acreage for crop.
Microsoft, Icrisat team up with Andhra Pradesh government on sowing app for farmers.
Rains just can't end plantation growers' pain.
Govt eyes bumper agri production on good monsoon hopes.
Sugarcane arrears down at Rs 6,225 crore.
India's colonial-era monsoon forecasting to get high-tech makeover.
Tea Board to come up with guidelines for tea processors for small tea growers.
Government procures 1.11 lakh tonne of pulses to cool retail prices.
India, ADB sign $120 miilion loan pact for irrigation in Odisha.
Punjab urges farmers to grow maize instead of paddy, provides subsidised seeds.
'Licensing of Bt cottonseed to hamper growth of Ind GM seeds‘.
6. SPOT QUOTES
6
COMMODITY NAME LOCATION PRICE
Ref Soya Oil Nagpur 632.5
Ref Soya Oil Mumbai 637.5
Soy Bean Indore 3987
Soy Bean Nagpur 4029
Soy Bean Kota 3825
Sugar M Grade Erode 3645
Sugar M Grade Muzaffar Nagar 3670
Sugar M Grade Delhi 3692.5
Sugar M Grade Kolkatta 3838.9
Sugar S Vashi 3625.2
Sugar S Erode 3595
Sugar S Kolhapur 3565
COMMODITY NAME LOCATION PRICE
Barley Jaipur 1631.15
Chana Bikaner 7000
Chana Delhi 7146.3
Chana Indore 6690
Coriander Kota 7210.05
Cotton Kadi 18525.05
Guar Gum Jodhpur 5679.35
GUAR SEED 2 MT Jodhpur 3217.2
Guarseed Bikaner 3155.65
Jeera Unjha 16853.1
Mustardseed Jaipur 4663.35
Mustardseed Alwar 4662.3
Ref Soya Oil Indore 638
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.