SlideShare a Scribd company logo
1 of 7
Download to read offline
DAILYAGRI COMMODITY REPORT
02 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
Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
APR 7784 7855 7700 7845 +0.49 13040
INTRADAY
LEVELS
SUPPORT SUPP.1
7745
SUPP. 2
7645
PIVOT
7800
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
7900
RES. 2
7955
CASTORSEED
FEB 4111 4150 4076 4145 +0.73 28770
INTRADAY
LEVELS
SUPPORT SUPP. 1
4097
SUPP. 2
4050
PIVOT
4124
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
4071
RES. 2
4098
TURMERIC
APR 8290 8300 7966 7978 -3.58 31975
INTRADAY
LEVELS
SUPPORT SUPP. 1
7863
SUPP. 2
7747
PIVOT
8081
Turmeric short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
8197
RES. 2
8415
GUARGUM
FEB 10350 10350 9980 10150 -2.31 8057
INTRADAY
LEVELS
SUPPORT SUPP. 1
9970
SUPP. 2
9790
PIVOT
10160
Guargum Short term
trend is Down,
Expecting price may go
Down in coming days.RESISTAN
CE
RES. 1
10340
RES. 2
10530
Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CHANA 20-02-2015 3497.00 81.00 2.37%
SOYABEAN 20-02-2015 3404.00 71.00 2.13%
REFINED SOY OIL 20-02-2015 617.50 8.40 1.38%
RAPESEED-MUSTARD
SEED
20-04-2015 3339.00 27.00 0.82%
CASTOR SEED NEW 20-02-2015 4145.00 30.00 0.73%
CORIANDER 20-04-2015 7845.00 38.00 0.49%
COTTON SEED OIL CAKE
AKOLA
20-02-2015 1442.00 5.00 0.35%
BARLEY 20-04-2015 1235.00 1.50 0.12%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TURMERIC 20-04-2015 7978.00 -296.00 -3.58%
V 797 KAPAS 27-02-2015 700.00 -17.00 -2.37%
JEERA 20-02-2015 14440.00 -170.00 -1.16%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4145 4115 +0.73
CHANA 3497 3416 +2.37
CORIANDER 7845 7807 +0.49
GUARGUM 10150 10390 -2.31
JEERA 14440 14610 -1.16
MUSTARD SEED 3339 3312 +0.82
SOYABEAN 3404 3333 +2.13
TURMERIC 8048 8328 -3.36
Commodities In News
4
ECONOMIC NEWS
 The world sugar market is poised for the first of what could be
several years of production shortfall, as the poor finances of many
mills finally hits home, Green Pool said. The Australia-based analysis
group, the day after lifting its forecast for the global sugar output
surplus in 2014-15 to 1.73m tonnes, said in its first forecast for next
season that the market faces a deficit of 5.02m tonnes.The forecast,
one of the first industry estimates for 2015-16, reflected in part an
expectation of a further rise in consumption, which Green Pool sees
rising by 1.7% to 181.6m tonnes. India, the second-ranked producing
country, will see a drop of some 800,000 tonnes to 234.7m tonnes in
output, weighed by the pressure on mills' margins from elevated cane
prices, set by the state, and falling sugar values. Green Pool
highlighted the poor financial state of mills, for which prospects may
only deteriorate if the government fails to deliver on an idea of
subsidising sugar exports. Meanwhile China will see a 100,000-tonne
drop to 11.6m tonnes in output, lifting its domestic production deficit
to 4.2m tonnes, again against a backdrop of cash-strapped mills.
Beijing efforts to underpine cane prices for producers, while
depressing sugar prices for consumers, has resulted in mills facing
bankruptcy”. In sugar beet, Associated British Foods earlier this
month unveiled the closure of a further two processing plants in
northern China. Government is likely to produce 26 million tonnes of
sugar in the current season ending on September 30, as much as 4 per
cent higher than an earlier estimate, the head of an industry body said
on Friday. Higher production in the western state of Maharashtra and
southern Karnataka state prompted an upward revision in output, A
Vellayan, president of the Indian Sugar Mills Association (ISMA) The
ISMA had earlier forecast output of 25 million tonnes to 25.5 million
tonnes for the current season. The Maharashtra government has given
'no objection certificate' for field trial of five genetically modified
(GM) crops - brinjal, maize, rice, chickpea and cotton - in the state. .
 Guar gum for February delivery was trading down on Friday as
higher arrivals amidst low demand pressurized prices. At NCDEX
.With Guar being used for oil drilling purpose, export demand from US
is expected to rise on a rise in Crude Oil prices. Absence of a rise in
Crude Oil rates is affecting Guar prices.Guar gum exports during
ongoing fiscal year 2014-15 is expected to decline 25% to 4 lakh to 4.5
lakh tons because there is weak demand for guar gum in the
International market due to slump in crude prices . India’s guar gum
export was near 6 lakh tons during the last year. Poor quality stocks
with farmers too resulted in prices falling. As per Rajasthan Agri
Department’s 2nd advance projection, during 2014-15, production of
guar is expected nearly 27.95 lakh ton in the state while earlier
expectation was of 14-15 lakh ton. India exported more than 6 lakh MT
Guargum vs nearly 4 lakh MT in the previous year due to a significant
fall in rates. However this also en-sured a fall in Export realization
which fell by 45% in reterms.
 NCDEX Chana February futures traded up by 2.37 per cent to 3497
levels on Friday India's NCDEX . Clear weather in producing area and
improved demand supported the trend as sentiments remain firm.
Prospects of drier weather in the growing states in coming days
supported the market sentiments further. The recent rains in growing
areas in Rajasthan, MP and UP are reportedly beneficial for the
standing crop.However, lower sowing reports and expectations of a
pick up in demand at the lower levels are likely to support the prices in
coming weeks. But a fall in Rabi sowing area for Rabi Pulses and
lower International production prospects could support prices in
medium to long term.As per USDA, expected pulses production in
USA is up by 8% to 2,232,630 metric tonne during 2014 from last year.
indicates Rabi Pulses sowing down 6% from 6.43 lakh ha as on
24.12.2013 to 6.02 lakh ha as on 24.12.2014.
5
Fundamental Watch :Castorseed
CASTORSEED ARRIVALS AT KEY SPOT
MARKET
National Market Update
 Castor seed market continues to trade under pressure on higher carryout for
the season and weak demand from planters end. Despite lower crop estimate
availability for seed would be higher than expectation this year. Futures
market may trade below 4000 as arrival pressure is expected from Feb end .
Some farmers (around 20 % ) may retain stock and would prefer to sell cumin
and mustard stock retained from last year. They are getting better price for
these commodities at this point of time. However,80 percent farmers would
sell castor crop and they would sell 60 percent of their produce in March and
April. It would pressurise cash market. Cash market price may touch
3700/3800 per qtl. in March -April Stock is said to be more than assumed
trade estimate. Total stock of seed could be over 6.5 lakh tones at this point of
time. Market experts assume that this year total crushing up to December has
not been more than 9 lakh tones as export demand for oil was seen lower than
normal expectation. Despite various estimates of lower crop size ranging from
12.5 to 14.5 lakh tonne, outlook remains bearish for seed in the medium term.
Arrivals from old crop in various markets of Gujarat have increased in the
month of January and would continue to increase till April. FOB quote at
Kandla decreased considerably from $1440 per tonne to $1410 per tonne
during the week under review. It is likely to rule in the range of $1390 to
$1400 in the month of February. Demand from China, EU, US and Japan is
expected to remain weak till January and February. realised on Jan-2014. It is
traded at Rs 7700 per tonne at Kandla.
Some fresh inquiry has been reported at $1410 per tonne for castor oil at
Kandla Port.Buyers are interested to buy at $1400 per tonne.As seed is under
pressure dip in oil price seems to be on card.Castor meal demand is likely to
decrease further as prices are ruling higher. It is being traded at $133 per tonne
at kandla.Only need based buying is on the card. Bulk buying is expected in
March –April, the peak arrival season and likely lower price.
CENTER 30-Jan-15 29-Jan-15 Change
SUMERPUR 80 80 UNCH
JODHPUR 40 NA -
RAJKOT 470 430 +40
PATAN 1350 1200 +150
GONDAL 163 127 +36
DEESA 780 800 -20
KADI 1440 720 +720
Technical Outlook
6
BUY DHANIYA APR ABOVE 7855 TGTS 7885,7935 SL 7815 SELL GUARGUM FEB BELOW 10040 TGTS 9990,9890 SL 10130
SELL CASTORSEED FEB BELOW 4130 TGTS 4090,4040 SL 4180 SELL TMC BELOW 7960 TGTS 7910,7810 SL ABOVE 8050
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.

More Related Content

What's hot

Epic research daily agri report 18 march 2015
Epic research daily agri report  18 march 2015Epic research daily agri report  18 march 2015
Epic research daily agri report 18 march 2015Epic Research Limited
 
Epic research daily agri report 29 jan 2015
Epic research daily agri report  29 jan 2015Epic research daily agri report  29 jan 2015
Epic research daily agri report 29 jan 2015Epic Research Limited
 
Weekly agri report by epic research limited of 3 april 2017
Weekly agri report by epic research limited of 3 april  2017Weekly agri report by epic research limited of 3 april  2017
Weekly agri report by epic research limited of 3 april 2017Epic Research
 
Epic research daily agri report 14th march 2016
Epic research daily agri report 14th march 2016Epic research daily agri report 14th march 2016
Epic research daily agri report 14th march 2016Epic Research Limited
 
Epic research daily agri report 07 jan 2015
Epic research daily agri report  07 jan 2015Epic research daily agri report  07 jan 2015
Epic research daily agri report 07 jan 2015Epic Research Limited
 
Epic research daily agri report 2nd may 2016
Epic research daily agri report 2nd may 2016Epic research daily agri report 2nd may 2016
Epic research daily agri report 2nd may 2016Epic Research
 
Epic research daily agri report 13th may 2015
Epic research daily agri report 13th may  2015Epic research daily agri report 13th may  2015
Epic research daily agri report 13th may 2015Epic Research Limited
 
Epic research daily agri report 26 nov 2015
Epic research daily agri report 26 nov 2015Epic research daily agri report 26 nov 2015
Epic research daily agri report 26 nov 2015Epic Research Limited
 
Epic research daily agri report 8th april 2016
Epic research daily agri report 8th april 2016Epic research daily agri report 8th april 2016
Epic research daily agri report 8th april 2016Epic Research
 
Epic research daily agri report 03 march 2015
Epic research daily agri report  03 march 2015Epic research daily agri report  03 march 2015
Epic research daily agri report 03 march 2015Epic Research Limited
 
Weekly agri report by epic research 8 sep to 12 sep 2014
Weekly agri report by epic research 8 sep  to 12 sep 2014Weekly agri report by epic research 8 sep  to 12 sep 2014
Weekly agri report by epic research 8 sep to 12 sep 2014Epic Research Limited
 
Epic research daily agri report 14 jan 2015
Epic research daily agri  report  14 jan 2015 Epic research daily agri  report  14 jan 2015
Epic research daily agri report 14 jan 2015 Epic Research Limited
 
Epic research daily agri report 12 jan 2016
Epic research daily agri report 12 jan 2016Epic research daily agri report 12 jan 2016
Epic research daily agri report 12 jan 2016Epic Research Limited
 
Epic research daily agri report 30th june 2015
Epic research  daily agri report 30th june  2015Epic research  daily agri report 30th june  2015
Epic research daily agri report 30th june 2015Epic Research Limited
 
Epic research daily agri report 04 dec 2015
Epic research daily agri report 04 dec 2015Epic research daily agri report 04 dec 2015
Epic research daily agri report 04 dec 2015Epic Research Limited
 
Daily agri report by epic research 02 sep 2014
Daily agri report by epic research 02 sep  2014Daily agri report by epic research 02 sep  2014
Daily agri report by epic research 02 sep 2014Epic Research Limited
 
Epic research daily agri report 09 april 2015
Epic research daily agri report  09 april 2015Epic research daily agri report  09 april 2015
Epic research daily agri report 09 april 2015Epic Research Limited
 
Epic research daily agri report 15 oct 2015
Epic research daily agri report 15 oct 2015Epic research daily agri report 15 oct 2015
Epic research daily agri report 15 oct 2015Epic Research Limited
 
Epic research daily agri report 08th june 2015
Epic research  daily agri report 08th june  2015Epic research  daily agri report 08th june  2015
Epic research daily agri report 08th june 2015Epic Research Limited
 
Epic research daily agri report 17 march 2015
Epic research daily agri report  17 march 2015Epic research daily agri report  17 march 2015
Epic research daily agri report 17 march 2015Epic Research Limited
 

What's hot (20)

Epic research daily agri report 18 march 2015
Epic research daily agri report  18 march 2015Epic research daily agri report  18 march 2015
Epic research daily agri report 18 march 2015
 
Epic research daily agri report 29 jan 2015
Epic research daily agri report  29 jan 2015Epic research daily agri report  29 jan 2015
Epic research daily agri report 29 jan 2015
 
Weekly agri report by epic research limited of 3 april 2017
Weekly agri report by epic research limited of 3 april  2017Weekly agri report by epic research limited of 3 april  2017
Weekly agri report by epic research limited of 3 april 2017
 
Epic research daily agri report 14th march 2016
Epic research daily agri report 14th march 2016Epic research daily agri report 14th march 2016
Epic research daily agri report 14th march 2016
 
Epic research daily agri report 07 jan 2015
Epic research daily agri report  07 jan 2015Epic research daily agri report  07 jan 2015
Epic research daily agri report 07 jan 2015
 
Epic research daily agri report 2nd may 2016
Epic research daily agri report 2nd may 2016Epic research daily agri report 2nd may 2016
Epic research daily agri report 2nd may 2016
 
Epic research daily agri report 13th may 2015
Epic research daily agri report 13th may  2015Epic research daily agri report 13th may  2015
Epic research daily agri report 13th may 2015
 
Epic research daily agri report 26 nov 2015
Epic research daily agri report 26 nov 2015Epic research daily agri report 26 nov 2015
Epic research daily agri report 26 nov 2015
 
Epic research daily agri report 8th april 2016
Epic research daily agri report 8th april 2016Epic research daily agri report 8th april 2016
Epic research daily agri report 8th april 2016
 
Epic research daily agri report 03 march 2015
Epic research daily agri report  03 march 2015Epic research daily agri report  03 march 2015
Epic research daily agri report 03 march 2015
 
Weekly agri report by epic research 8 sep to 12 sep 2014
Weekly agri report by epic research 8 sep  to 12 sep 2014Weekly agri report by epic research 8 sep  to 12 sep 2014
Weekly agri report by epic research 8 sep to 12 sep 2014
 
Epic research daily agri report 14 jan 2015
Epic research daily agri  report  14 jan 2015 Epic research daily agri  report  14 jan 2015
Epic research daily agri report 14 jan 2015
 
Epic research daily agri report 12 jan 2016
Epic research daily agri report 12 jan 2016Epic research daily agri report 12 jan 2016
Epic research daily agri report 12 jan 2016
 
Epic research daily agri report 30th june 2015
Epic research  daily agri report 30th june  2015Epic research  daily agri report 30th june  2015
Epic research daily agri report 30th june 2015
 
Epic research daily agri report 04 dec 2015
Epic research daily agri report 04 dec 2015Epic research daily agri report 04 dec 2015
Epic research daily agri report 04 dec 2015
 
Daily agri report by epic research 02 sep 2014
Daily agri report by epic research 02 sep  2014Daily agri report by epic research 02 sep  2014
Daily agri report by epic research 02 sep 2014
 
Epic research daily agri report 09 april 2015
Epic research daily agri report  09 april 2015Epic research daily agri report  09 april 2015
Epic research daily agri report 09 april 2015
 
Epic research daily agri report 15 oct 2015
Epic research daily agri report 15 oct 2015Epic research daily agri report 15 oct 2015
Epic research daily agri report 15 oct 2015
 
Epic research daily agri report 08th june 2015
Epic research  daily agri report 08th june  2015Epic research  daily agri report 08th june  2015
Epic research daily agri report 08th june 2015
 
Epic research daily agri report 17 march 2015
Epic research daily agri report  17 march 2015Epic research daily agri report  17 march 2015
Epic research daily agri report 17 march 2015
 

Viewers also liked

Mangurus PAK ( PENYALUR ALAT KESEHATAN)
Mangurus PAK ( PENYALUR ALAT KESEHATAN)Mangurus PAK ( PENYALUR ALAT KESEHATAN)
Mangurus PAK ( PENYALUR ALAT KESEHATAN)Jeklindo_Persada
 
Jakri developer - ePemilu [Siap 2019]
Jakri developer - ePemilu [Siap 2019]Jakri developer - ePemilu [Siap 2019]
Jakri developer - ePemilu [Siap 2019]Raka Nugroho
 
Urgent wanted appughar 250 sqft retail shop in resale
Urgent wanted appughar 250 sqft retail shop in resaleUrgent wanted appughar 250 sqft retail shop in resale
Urgent wanted appughar 250 sqft retail shop in resalemanya arora
 
Epic research weekly commodity report 02 to 06 feb 2015
Epic research weekly commodity report  02 to 06  feb 2015Epic research weekly commodity report  02 to 06  feb 2015
Epic research weekly commodity report 02 to 06 feb 2015Epic Research Limited
 
Costume Ideas
Costume IdeasCostume Ideas
Costume IdeasPopSap
 
NANOPROTECH® Презентација на компанијата
NANOPROTECH® Презентација на компанијатаNANOPROTECH® Презентација на компанијата
NANOPROTECH® Презентација на компанијатаNanoprotech.MK
 
Dissertation - Philip IV and the Knight’s Templar
Dissertation - Philip IV and the Knight’s TemplarDissertation - Philip IV and the Knight’s Templar
Dissertation - Philip IV and the Knight’s TemplarAlex Toes
 

Viewers also liked (10)

Mangurus PAK ( PENYALUR ALAT KESEHATAN)
Mangurus PAK ( PENYALUR ALAT KESEHATAN)Mangurus PAK ( PENYALUR ALAT KESEHATAN)
Mangurus PAK ( PENYALUR ALAT KESEHATAN)
 
Anak itik tok wi
Anak itik tok wiAnak itik tok wi
Anak itik tok wi
 
Jakri developer - ePemilu [Siap 2019]
Jakri developer - ePemilu [Siap 2019]Jakri developer - ePemilu [Siap 2019]
Jakri developer - ePemilu [Siap 2019]
 
Urgent wanted appughar 250 sqft retail shop in resale
Urgent wanted appughar 250 sqft retail shop in resaleUrgent wanted appughar 250 sqft retail shop in resale
Urgent wanted appughar 250 sqft retail shop in resale
 
Epic research weekly commodity report 02 to 06 feb 2015
Epic research weekly commodity report  02 to 06  feb 2015Epic research weekly commodity report  02 to 06  feb 2015
Epic research weekly commodity report 02 to 06 feb 2015
 
Costume Ideas
Costume IdeasCostume Ideas
Costume Ideas
 
NANOPROTECH® Презентација на компанијата
NANOPROTECH® Презентација на компанијатаNANOPROTECH® Презентација на компанијата
NANOPROTECH® Презентација на компанијата
 
2008_kaitzB_006
2008_kaitzB_0062008_kaitzB_006
2008_kaitzB_006
 
Dissertation - Philip IV and the Knight’s Templar
Dissertation - Philip IV and the Knight’s TemplarDissertation - Philip IV and the Knight’s Templar
Dissertation - Philip IV and the Knight’s Templar
 
Chaitanya Manchikalapudi
Chaitanya ManchikalapudiChaitanya Manchikalapudi
Chaitanya Manchikalapudi
 

Similar to Epic research daily agri report 02 feb 2015

Epic research daily agri report 05 feb 2015
Epic research daily agri report  05 feb 2015Epic research daily agri report  05 feb 2015
Epic research daily agri report 05 feb 2015Epic Research Limited
 
Epic research daily agri report 13 jan 2015
Epic research daily agri report  13 jan 2015Epic research daily agri report  13 jan 2015
Epic research daily agri report 13 jan 2015Epic Research Limited
 
Epic research daily agri report 05th june 2015
Epic research  daily agri report 05th june  2015Epic research  daily agri report 05th june  2015
Epic research daily agri report 05th june 2015Epic Research Limited
 
Epic research daily agri report 20th may 2015
Epic research daily agri report 20th may  2015Epic research daily agri report 20th may  2015
Epic research daily agri report 20th may 2015Epic Research Limited
 
Epic research daily agri report 09 jan 2015
Epic research daily agri report  09 jan 2015Epic research daily agri report  09 jan 2015
Epic research daily agri report 09 jan 2015Epic Research Limited
 
Epic research weekly agri report 02 to 06 feb 2015
Epic research weekly agri  report  02 to 06 feb 2015Epic research weekly agri  report  02 to 06 feb 2015
Epic research weekly agri report 02 to 06 feb 2015Epic Research Limited
 
Epic research daily agri report 20 feb 2015
Epic research daily agri report  20 feb 2015Epic research daily agri report  20 feb 2015
Epic research daily agri report 20 feb 2015Epic Research Limited
 
Epic research daily agri report 15th may 2015
Epic research daily agri report 15th may  2015Epic research daily agri report 15th may  2015
Epic research daily agri report 15th may 2015Epic Research Limited
 
Epic research daily agri report 27th may 2015
Epic research  daily agri report 27th may  2015Epic research  daily agri report 27th may  2015
Epic research daily agri report 27th may 2015Epic Research Limited
 
Epic research weekly agri report 23rd to 27th march 2015
Epic research weekly agri report  23rd to 27th march 2015Epic research weekly agri report  23rd to 27th march 2015
Epic research weekly agri report 23rd to 27th march 2015Epic Research Limited
 
Epic research daily agri report 19 nov 2015
Epic research daily agri report 19 nov 2015Epic research daily agri report 19 nov 2015
Epic research daily agri report 19 nov 2015Epic Research Limited
 
Epic research daily agri report 10 august 2015
Epic research  daily agri report 10 august 2015Epic research  daily agri report 10 august 2015
Epic research daily agri report 10 august 2015Epic Research Limited
 
Epic research daily agri report 02 jan 2015
Epic research daily agri report  02 jan 2015Epic research daily agri report  02 jan 2015
Epic research daily agri report 02 jan 2015Epic Research Limited
 
Epic research daily agri report 15th june 2015
Epic research  daily agri report 15th june  2015Epic research  daily agri report 15th june  2015
Epic research daily agri report 15th june 2015Epic Research Limited
 
Epic research daily agri report 05 oct 2015
Epic research daily agri report 05 oct 2015Epic research daily agri report 05 oct 2015
Epic research daily agri report 05 oct 2015Epic Research Limited
 
Epic research daily agri report 19 march 2015
Epic research daily agri report  19 march 2015Epic research daily agri report  19 march 2015
Epic research daily agri report 19 march 2015Epic Research Limited
 
Epic research daily agri report 28 april 2015
Epic research daily agri report  28 april 2015Epic research daily agri report  28 april 2015
Epic research daily agri report 28 april 2015Epic Research Limited
 
Epic research daily agri report 23 oct 2015
Epic research daily agri report 23 oct 2015Epic research daily agri report 23 oct 2015
Epic research daily agri report 23 oct 2015Epic Research Limited
 
Epic research daily agri report 05 jan 2015
Epic research daily agri report  05 jan 2015Epic research daily agri report  05 jan 2015
Epic research daily agri report 05 jan 2015Epic Research Limited
 
Epic research daily agri report 17th march 2016
Epic research daily agri report 17th march 2016Epic research daily agri report 17th march 2016
Epic research daily agri report 17th march 2016Epic Research Limited
 

Similar to Epic research daily agri report 02 feb 2015 (20)

Epic research daily agri report 05 feb 2015
Epic research daily agri report  05 feb 2015Epic research daily agri report  05 feb 2015
Epic research daily agri report 05 feb 2015
 
Epic research daily agri report 13 jan 2015
Epic research daily agri report  13 jan 2015Epic research daily agri report  13 jan 2015
Epic research daily agri report 13 jan 2015
 
Epic research daily agri report 05th june 2015
Epic research  daily agri report 05th june  2015Epic research  daily agri report 05th june  2015
Epic research daily agri report 05th june 2015
 
Epic research daily agri report 20th may 2015
Epic research daily agri report 20th may  2015Epic research daily agri report 20th may  2015
Epic research daily agri report 20th may 2015
 
Epic research daily agri report 09 jan 2015
Epic research daily agri report  09 jan 2015Epic research daily agri report  09 jan 2015
Epic research daily agri report 09 jan 2015
 
Epic research weekly agri report 02 to 06 feb 2015
Epic research weekly agri  report  02 to 06 feb 2015Epic research weekly agri  report  02 to 06 feb 2015
Epic research weekly agri report 02 to 06 feb 2015
 
Epic research daily agri report 20 feb 2015
Epic research daily agri report  20 feb 2015Epic research daily agri report  20 feb 2015
Epic research daily agri report 20 feb 2015
 
Epic research daily agri report 15th may 2015
Epic research daily agri report 15th may  2015Epic research daily agri report 15th may  2015
Epic research daily agri report 15th may 2015
 
Epic research daily agri report 27th may 2015
Epic research  daily agri report 27th may  2015Epic research  daily agri report 27th may  2015
Epic research daily agri report 27th may 2015
 
Epic research weekly agri report 23rd to 27th march 2015
Epic research weekly agri report  23rd to 27th march 2015Epic research weekly agri report  23rd to 27th march 2015
Epic research weekly agri report 23rd to 27th march 2015
 
Epic research daily agri report 19 nov 2015
Epic research daily agri report 19 nov 2015Epic research daily agri report 19 nov 2015
Epic research daily agri report 19 nov 2015
 
Epic research daily agri report 10 august 2015
Epic research  daily agri report 10 august 2015Epic research  daily agri report 10 august 2015
Epic research daily agri report 10 august 2015
 
Epic research daily agri report 02 jan 2015
Epic research daily agri report  02 jan 2015Epic research daily agri report  02 jan 2015
Epic research daily agri report 02 jan 2015
 
Epic research daily agri report 15th june 2015
Epic research  daily agri report 15th june  2015Epic research  daily agri report 15th june  2015
Epic research daily agri report 15th june 2015
 
Epic research daily agri report 05 oct 2015
Epic research daily agri report 05 oct 2015Epic research daily agri report 05 oct 2015
Epic research daily agri report 05 oct 2015
 
Epic research daily agri report 19 march 2015
Epic research daily agri report  19 march 2015Epic research daily agri report  19 march 2015
Epic research daily agri report 19 march 2015
 
Epic research daily agri report 28 april 2015
Epic research daily agri report  28 april 2015Epic research daily agri report  28 april 2015
Epic research daily agri report 28 april 2015
 
Epic research daily agri report 23 oct 2015
Epic research daily agri report 23 oct 2015Epic research daily agri report 23 oct 2015
Epic research daily agri report 23 oct 2015
 
Epic research daily agri report 05 jan 2015
Epic research daily agri report  05 jan 2015Epic research daily agri report  05 jan 2015
Epic research daily agri report 05 jan 2015
 
Epic research daily agri report 17th march 2016
Epic research daily agri report 17th march 2016Epic research daily agri report 17th march 2016
Epic research daily agri report 17th march 2016
 

Recently uploaded

RE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechRE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechNewman George Leech
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...anilsa9823
 
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc.../:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...lizamodels9
 
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | DelhiFULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | DelhiMalviyaNagarCallGirl
 
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptxBanana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptxgeorgebrinton95
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdfRenandantas16
 
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCRsoniya singh
 
Vip Female Escorts Noida 9711199171 Greater Noida Escorts Service
Vip Female Escorts Noida 9711199171 Greater Noida Escorts ServiceVip Female Escorts Noida 9711199171 Greater Noida Escorts Service
Vip Female Escorts Noida 9711199171 Greater Noida Escorts Serviceankitnayak356677
 
Pitch Deck Teardown: NOQX's $200k Pre-seed deck
Pitch Deck Teardown: NOQX's $200k Pre-seed deckPitch Deck Teardown: NOQX's $200k Pre-seed deck
Pitch Deck Teardown: NOQX's $200k Pre-seed deckHajeJanKamps
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessAggregage
 
Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Timedelhimodelshub1
 
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneVIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneCall girls in Ahmedabad High profile
 
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝soniya singh
 
Call Girls in Gomti Nagar - 7388211116 - With room Service
Call Girls in Gomti Nagar - 7388211116  - With room ServiceCall Girls in Gomti Nagar - 7388211116  - With room Service
Call Girls in Gomti Nagar - 7388211116 - With room Servicediscovermytutordmt
 
(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCRsoniya singh
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...lizamodels9
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfPaul Menig
 

Recently uploaded (20)

RE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechRE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman Leech
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
 
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc.../:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
 
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | DelhiFULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
 
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptxBanana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptx
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
Best Practices for Implementing an External Recruiting Partnership
Best Practices for Implementing an External Recruiting PartnershipBest Practices for Implementing an External Recruiting Partnership
Best Practices for Implementing an External Recruiting Partnership
 
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
 
KestrelPro Flyer Japan IT Week 2024 (English)
KestrelPro Flyer Japan IT Week 2024 (English)KestrelPro Flyer Japan IT Week 2024 (English)
KestrelPro Flyer Japan IT Week 2024 (English)
 
Vip Female Escorts Noida 9711199171 Greater Noida Escorts Service
Vip Female Escorts Noida 9711199171 Greater Noida Escorts ServiceVip Female Escorts Noida 9711199171 Greater Noida Escorts Service
Vip Female Escorts Noida 9711199171 Greater Noida Escorts Service
 
Pitch Deck Teardown: NOQX's $200k Pre-seed deck
Pitch Deck Teardown: NOQX's $200k Pre-seed deckPitch Deck Teardown: NOQX's $200k Pre-seed deck
Pitch Deck Teardown: NOQX's $200k Pre-seed deck
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for Success
 
Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Time
 
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneVIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
 
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
 
Call Girls in Gomti Nagar - 7388211116 - With room Service
Call Girls in Gomti Nagar - 7388211116  - With room ServiceCall Girls in Gomti Nagar - 7388211116  - With room Service
Call Girls in Gomti Nagar - 7388211116 - With room Service
 
(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Keshav Puram 🔝 Delhi NCR
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 

Epic research daily agri report 02 feb 2015

  • 1. DAILYAGRI COMMODITY REPORT 02 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. Market Views 2 MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL DHANIYA APR 7784 7855 7700 7845 +0.49 13040 INTRADAY LEVELS SUPPORT SUPP.1 7745 SUPP. 2 7645 PIVOT 7800 Dhaniya short term trend is down, further more downside is expected in comimg days. RESISTAN CE RES. 1 7900 RES. 2 7955 CASTORSEED FEB 4111 4150 4076 4145 +0.73 28770 INTRADAY LEVELS SUPPORT SUPP. 1 4097 SUPP. 2 4050 PIVOT 4124 Castorseed short term trend is down, Prices expected to go down in coming days.RESISTAN CE RES. 1 4071 RES. 2 4098 TURMERIC APR 8290 8300 7966 7978 -3.58 31975 INTRADAY LEVELS SUPPORT SUPP. 1 7863 SUPP. 2 7747 PIVOT 8081 Turmeric short term trend is down and may continue in coming days.RESISTAN CE RES. 1 8197 RES. 2 8415 GUARGUM FEB 10350 10350 9980 10150 -2.31 8057 INTRADAY LEVELS SUPPORT SUPP. 1 9970 SUPP. 2 9790 PIVOT 10160 Guargum Short term trend is Down, Expecting price may go Down in coming days.RESISTAN CE RES. 1 10340 RES. 2 10530
  • 3. Most Active Contract 3 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CHANA 20-02-2015 3497.00 81.00 2.37% SOYABEAN 20-02-2015 3404.00 71.00 2.13% REFINED SOY OIL 20-02-2015 617.50 8.40 1.38% RAPESEED-MUSTARD SEED 20-04-2015 3339.00 27.00 0.82% CASTOR SEED NEW 20-02-2015 4145.00 30.00 0.73% CORIANDER 20-04-2015 7845.00 38.00 0.49% COTTON SEED OIL CAKE AKOLA 20-02-2015 1442.00 5.00 0.35% BARLEY 20-04-2015 1235.00 1.50 0.12% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % TURMERIC 20-04-2015 7978.00 -296.00 -3.58% V 797 KAPAS 27-02-2015 700.00 -17.00 -2.37% JEERA 20-02-2015 14440.00 -170.00 -1.16% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 4145 4115 +0.73 CHANA 3497 3416 +2.37 CORIANDER 7845 7807 +0.49 GUARGUM 10150 10390 -2.31 JEERA 14440 14610 -1.16 MUSTARD SEED 3339 3312 +0.82 SOYABEAN 3404 3333 +2.13 TURMERIC 8048 8328 -3.36
  • 4. Commodities In News 4 ECONOMIC NEWS  The world sugar market is poised for the first of what could be several years of production shortfall, as the poor finances of many mills finally hits home, Green Pool said. The Australia-based analysis group, the day after lifting its forecast for the global sugar output surplus in 2014-15 to 1.73m tonnes, said in its first forecast for next season that the market faces a deficit of 5.02m tonnes.The forecast, one of the first industry estimates for 2015-16, reflected in part an expectation of a further rise in consumption, which Green Pool sees rising by 1.7% to 181.6m tonnes. India, the second-ranked producing country, will see a drop of some 800,000 tonnes to 234.7m tonnes in output, weighed by the pressure on mills' margins from elevated cane prices, set by the state, and falling sugar values. Green Pool highlighted the poor financial state of mills, for which prospects may only deteriorate if the government fails to deliver on an idea of subsidising sugar exports. Meanwhile China will see a 100,000-tonne drop to 11.6m tonnes in output, lifting its domestic production deficit to 4.2m tonnes, again against a backdrop of cash-strapped mills. Beijing efforts to underpine cane prices for producers, while depressing sugar prices for consumers, has resulted in mills facing bankruptcy”. In sugar beet, Associated British Foods earlier this month unveiled the closure of a further two processing plants in northern China. Government is likely to produce 26 million tonnes of sugar in the current season ending on September 30, as much as 4 per cent higher than an earlier estimate, the head of an industry body said on Friday. Higher production in the western state of Maharashtra and southern Karnataka state prompted an upward revision in output, A Vellayan, president of the Indian Sugar Mills Association (ISMA) The ISMA had earlier forecast output of 25 million tonnes to 25.5 million tonnes for the current season. The Maharashtra government has given 'no objection certificate' for field trial of five genetically modified (GM) crops - brinjal, maize, rice, chickpea and cotton - in the state. .  Guar gum for February delivery was trading down on Friday as higher arrivals amidst low demand pressurized prices. At NCDEX .With Guar being used for oil drilling purpose, export demand from US is expected to rise on a rise in Crude Oil prices. Absence of a rise in Crude Oil rates is affecting Guar prices.Guar gum exports during ongoing fiscal year 2014-15 is expected to decline 25% to 4 lakh to 4.5 lakh tons because there is weak demand for guar gum in the International market due to slump in crude prices . India’s guar gum export was near 6 lakh tons during the last year. Poor quality stocks with farmers too resulted in prices falling. As per Rajasthan Agri Department’s 2nd advance projection, during 2014-15, production of guar is expected nearly 27.95 lakh ton in the state while earlier expectation was of 14-15 lakh ton. India exported more than 6 lakh MT Guargum vs nearly 4 lakh MT in the previous year due to a significant fall in rates. However this also en-sured a fall in Export realization which fell by 45% in reterms.  NCDEX Chana February futures traded up by 2.37 per cent to 3497 levels on Friday India's NCDEX . Clear weather in producing area and improved demand supported the trend as sentiments remain firm. Prospects of drier weather in the growing states in coming days supported the market sentiments further. The recent rains in growing areas in Rajasthan, MP and UP are reportedly beneficial for the standing crop.However, lower sowing reports and expectations of a pick up in demand at the lower levels are likely to support the prices in coming weeks. But a fall in Rabi sowing area for Rabi Pulses and lower International production prospects could support prices in medium to long term.As per USDA, expected pulses production in USA is up by 8% to 2,232,630 metric tonne during 2014 from last year. indicates Rabi Pulses sowing down 6% from 6.43 lakh ha as on 24.12.2013 to 6.02 lakh ha as on 24.12.2014.
  • 5. 5 Fundamental Watch :Castorseed CASTORSEED ARRIVALS AT KEY SPOT MARKET National Market Update  Castor seed market continues to trade under pressure on higher carryout for the season and weak demand from planters end. Despite lower crop estimate availability for seed would be higher than expectation this year. Futures market may trade below 4000 as arrival pressure is expected from Feb end . Some farmers (around 20 % ) may retain stock and would prefer to sell cumin and mustard stock retained from last year. They are getting better price for these commodities at this point of time. However,80 percent farmers would sell castor crop and they would sell 60 percent of their produce in March and April. It would pressurise cash market. Cash market price may touch 3700/3800 per qtl. in March -April Stock is said to be more than assumed trade estimate. Total stock of seed could be over 6.5 lakh tones at this point of time. Market experts assume that this year total crushing up to December has not been more than 9 lakh tones as export demand for oil was seen lower than normal expectation. Despite various estimates of lower crop size ranging from 12.5 to 14.5 lakh tonne, outlook remains bearish for seed in the medium term. Arrivals from old crop in various markets of Gujarat have increased in the month of January and would continue to increase till April. FOB quote at Kandla decreased considerably from $1440 per tonne to $1410 per tonne during the week under review. It is likely to rule in the range of $1390 to $1400 in the month of February. Demand from China, EU, US and Japan is expected to remain weak till January and February. realised on Jan-2014. It is traded at Rs 7700 per tonne at Kandla. Some fresh inquiry has been reported at $1410 per tonne for castor oil at Kandla Port.Buyers are interested to buy at $1400 per tonne.As seed is under pressure dip in oil price seems to be on card.Castor meal demand is likely to decrease further as prices are ruling higher. It is being traded at $133 per tonne at kandla.Only need based buying is on the card. Bulk buying is expected in March –April, the peak arrival season and likely lower price. CENTER 30-Jan-15 29-Jan-15 Change SUMERPUR 80 80 UNCH JODHPUR 40 NA - RAJKOT 470 430 +40 PATAN 1350 1200 +150 GONDAL 163 127 +36 DEESA 780 800 -20 KADI 1440 720 +720
  • 6. Technical Outlook 6 BUY DHANIYA APR ABOVE 7855 TGTS 7885,7935 SL 7815 SELL GUARGUM FEB BELOW 10040 TGTS 9990,9890 SL 10130 SELL CASTORSEED FEB BELOW 4130 TGTS 4090,4040 SL 4180 SELL TMC BELOW 7960 TGTS 7910,7810 SL ABOVE 8050
  • 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.