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DAILY AGRI COMMODITY REPORT
07 October 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
YOURMINTVISORY Call us at +91-731-6642300
Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
OCT 7678 7772 7588 7660 -0.23 6150
INTRADAY
LEVELS
SUPPORT SUPP. 1
7575
SUPP. 2
7489
PIVOT
7673
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
7759
RES. 2
7857
CORIANDER
OCT 11550 11579 11430 11461 -0.48 6790
INTRADAY
LEVELS
SUPPORT SUPP.1
11401
SUPP. 2
11341
PIVOT
11490
Coriander short term
trend is bullish and May
continue in coming
days.RESISTAN
CE
RES. 1
11550
RES. 2
11639
GUARGUM
OCT 8230 8520 8150 8340 +1.09 10672
INTRADAY
LEVELS
SUPPORT SUPP. 1
8153
SUPP. 2
7967
PIVOT
8337
Guargum short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
8523
RES. 2
8707
CASTORSEED
OCT 4143 4159 4096 4100 -1.54 45030
INTRADAY
LEVELS
SUPPORT SUPP. 1
4078
SUPP. 2
4055
PIVOT
4118
Castorseed short term
trend is bearish and
May continue in
coming day.RESISTAN
CE
RES. 1
4141
RES. 2
4181
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4100 4164 -1.54
CHANA 5115 5215 -1.92
CORIANDER 11461 11516 -0.48
GUARGUM 8340 8250 +1.09
JEERA 15765 15805 -0.25
MUSTARD
SEED
4633 4730 -2.05
SOYABEAN 3700 3681 +0.52
TURMERIC 7660 7678 -0.23
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
RAPESEED-MUSTARD
SEED
20-10-2015 4633.00 -97.00 -2.05%
CHANA 20-10-2015 5115.00 -73.00 -1.41%
CASTOR SEED NEW 20-10-2015 4100.00 -51.00 -1.23%
REFINED SOY OIL 20-10-2015 621.90 -7.70 -1.22%
CORIANDER 20-10-2015 11461.00 -65.00 -0.56%
COTTON SEED OIL CAKE
AKOLA
18-12-2015 1621.00 -7.00 -0.43%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
SOYABEAN 20-10-2015 3700.00 19.00 0.52%
TURMERIC 20-10-2015 7660.00 10.00 0.13%
JEERA 20-10-2015 15765.00 20.00 0.13%
Commodities In News
4
ECONOMIC NEWS
India and Lithuania have agreed to collaborate in research and
agricultural technology, while looking to further intensify their cooperation
in the food processing sector.In delegation level talks between Minister of
State for Agriculture Mohanbhai Kundariya and Lithunia's Vice Minister
for Agriculture Vilius Martusevicius, both sides agreed that there is
potential for intensifying cooperation in sectors like food and dairy
processing.Both sides also agreed to collaborate in research and
agricultural technology. The talks were held last week on October 1."It was
agreed that a Lithuanian delegation comprising of senior executives of the
Ministry, scientists and business representatives would visit India to take
forward the conversations. A bilateral agreement on agricultural
cooperation will also be signed during the visit," Agriculture Ministry said
in a statement.Indian delegation also visited Kaunas Agricultural
University where they were shown research facilities available there. The
delegation also met agricultural enterprises in Kaunas who showed
willingness to work with Indian companies under 'Make in India'
scheme.Kundaria was accompanied by Ambassador Ajay Bisaria and other
senior officers of Indian Government. The Ambassador also invited
Lithuanian companies as partners, as India gears up for a phase of active
and focused engagement with Central Europe.
A total of 6.22 lakh metric tonnes (MT) of paddy has arrived in the
mandis of Haryana so far in the ongoing marketing season as against 3.64
lakh tonne of crop brought by farmers in the corresponding period last
year.While stating this here, a spokesman of Haryana Food and Supplies
Department said of the total arrival, more than 5.94 lakh MT paddy was
leviable and 27,178 MT paddy was non-leviable.While government
procurement agencies have purchased more than 5.42 lakh MT paddy,
millers and dealers have purchased 79,754 MT paddy, he said.He said
Kurukshetra received the maximum amount of paddy at 1.73 lakh MT.Of
the total arrival, 1.45 lakh MT paddy has arrived in Karnal, 1.08 lakh MT
in Kaithal, 99,527 MT in Ambala, 41,973 MT in Yamunanagar.
Chana settled up due to good festival demand and on lower estimated
output. However, imposing stock limit at WDRA warehouses and fresh
notification to allow duty free chana until Dec 31, 2015, kept the
supplies sufficient in the domestic market, limiting some gains in chana
prices.According to sources the present output of pulses is about 10%
less than it was last year. Banning of exports, 0% import duty and
imposition of stock limits and other means to control price rise had
been extended by Govt for next 1 year till Sept 30, 2016. With sowing
of new crop to start Oct, demand for good quality chana has risen.
Lower stocks in MP and Rajasthan too are supporting prices. As per
Central cabinet meeting decision, stock limit can be imposed on
WDRA (Warehouse Development and Regulatory Authority)
warehouses also. Rajasthan and MP have the major stocks in Chana
and Soybean. Rajasthan Govt puts WDRA warehouses under stock
limit.The Centre will receive 5,000 tonnes of tur (arhar) and urad
pulses imports by October 20 to help ease prices of the key pulse by
improving the supply situation of the key protein source in the country.
Turmeric settled up due to rising demand and arrival of good quality
turmeric at the spot market. However, some gains were limited by the
proposed nationwide truck strike and the traders keep away from
buying the turmeric as they feel they may not be able to send the few
pending orders. Due to rising demand and arrival of good quality
turmeric at the spot market.However, some gains were limited by the
proposed nationwide truck strike and the traders keep away from
buying the turmeric as they feel they may not be able to send the few
pending orders. Turmeric sowing area reported high in Maharashtra
and Tamil Nadu state during the current sowing period. As per dept of
commerce data, turmeric exports during April-Jul, 2015 pegged at
32,158 tonnes while the export for the 2014-15 is 90,738 tonnes
compared to 78,360 tonnes in FY14.
5
Fundamental Watch : Castorseed
CASTORSEED PRICES AT KEY SPOT
MARKET
National Market Update
Agriculture statistics Division, DES has released its 4th Adv estimates of
Production of food-grains for 2014- 15 on 17.07.2015.It has revised castor
production estimate from 18.24 to 17.33 lakh tonne in the final estimate. The
production target for 2014-15 was 16.65 lakh tone. India has produced 17.27
lakh tonne castor seed in 2013-14.However private trade estimate for the year
is much lower in between 11 to 12.5 lakh tonne for 2014- 15.
Area coverage during kharif 2015 till 1st Oct was reported at 10.96 lakh ha
in comparison to 10.23 lakh ha till corresponding date last year. It is ahead of
by 0.73 lakh ha. Gujarat has covered 7.78 against 7.1 lakh ha,. Coverage area
in Rajasthan is running ahead by 32.89 percent this year. It has covered 1.99
against 1.65 lakh ha. so far. Overall area coverage is up by 5.03 percent this
year.
Castor oil export during week ending 27th sep-15 was registered at 21762.51
tonne at an Average FoB price of $1334.78 perT. Quantity wise it has
increased by 170 percent week on week basis. India had exported 8048.49
tonne a week earlier. Price realization too has increased by5.23 percent last
week. As prices of seed has increased .FoB quotes are bound to go up next
week.
Castor cash market continued to trade mixed on Monday despite upward
momentum in futures.. Higher area coverage(5.03 %) till 1st Oct-2015 has
pressurized cash market to some extent as production of seed may increase by
3 to 4 lakh tonne from last year. Its a temporary phenomenon. Overall
sentiment for short to medium term remains bullish. Export sales have
increased and there is a demand from plants..Export of castor oil increased by
170 percent to 21762.51 tonne last week from previous week. Demand
continues and Malaysia emerged as a major buyer last week.
CENTER 5-Oct-15 3-Oct-15 Change
SUMERPUR 3850 3850 UNCH
PATAN 3950 3985 -35
MEHSANA 4000 4000 UNCH
BHABAR 3975 3975 UNCH
HARJI 3975 3975 UNCH
RAJKOT NA 3890 -
KADI Closed 4000 -
Technical Outlook
6
BUY CORIANDER OCT ABOVE 11580 TARGET 11607 11687 SL
BELOW 11553
BUY GUARGUM OCT ABOVE 8530 TARGET 8580 8650 SL
BELOW 8470
BUY TURMERIC OCT ABOVE 7750 TARGET 7794 7854 SL
BELOW 7690
SELL CASTORSEED OCT BELOW 4110 TARGET 4085 4055 SL
ABOVE 4135
Disclaimer
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and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any
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 The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all
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Epic research daily agri report 07 oct 2015

  • 1. DAILY AGRI COMMODITY REPORT 07 October 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 YOURMINTVISORY 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 OCT 7678 7772 7588 7660 -0.23 6150 INTRADAY LEVELS SUPPORT SUPP. 1 7575 SUPP. 2 7489 PIVOT 7673 Turmeric short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 7759 RES. 2 7857 CORIANDER OCT 11550 11579 11430 11461 -0.48 6790 INTRADAY LEVELS SUPPORT SUPP.1 11401 SUPP. 2 11341 PIVOT 11490 Coriander short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 11550 RES. 2 11639 GUARGUM OCT 8230 8520 8150 8340 +1.09 10672 INTRADAY LEVELS SUPPORT SUPP. 1 8153 SUPP. 2 7967 PIVOT 8337 Guargum short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 8523 RES. 2 8707 CASTORSEED OCT 4143 4159 4096 4100 -1.54 45030 INTRADAY LEVELS SUPPORT SUPP. 1 4078 SUPP. 2 4055 PIVOT 4118 Castorseed short term trend is bearish and May continue in coming day.RESISTAN CE RES. 1 4141 RES. 2 4181
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 4100 4164 -1.54 CHANA 5115 5215 -1.92 CORIANDER 11461 11516 -0.48 GUARGUM 8340 8250 +1.09 JEERA 15765 15805 -0.25 MUSTARD SEED 4633 4730 -2.05 SOYABEAN 3700 3681 +0.52 TURMERIC 7660 7678 -0.23 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % RAPESEED-MUSTARD SEED 20-10-2015 4633.00 -97.00 -2.05% CHANA 20-10-2015 5115.00 -73.00 -1.41% CASTOR SEED NEW 20-10-2015 4100.00 -51.00 -1.23% REFINED SOY OIL 20-10-2015 621.90 -7.70 -1.22% CORIANDER 20-10-2015 11461.00 -65.00 -0.56% COTTON SEED OIL CAKE AKOLA 18-12-2015 1621.00 -7.00 -0.43% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % SOYABEAN 20-10-2015 3700.00 19.00 0.52% TURMERIC 20-10-2015 7660.00 10.00 0.13% JEERA 20-10-2015 15765.00 20.00 0.13%
  • 4. Commodities In News 4 ECONOMIC NEWS India and Lithuania have agreed to collaborate in research and agricultural technology, while looking to further intensify their cooperation in the food processing sector.In delegation level talks between Minister of State for Agriculture Mohanbhai Kundariya and Lithunia's Vice Minister for Agriculture Vilius Martusevicius, both sides agreed that there is potential for intensifying cooperation in sectors like food and dairy processing.Both sides also agreed to collaborate in research and agricultural technology. The talks were held last week on October 1."It was agreed that a Lithuanian delegation comprising of senior executives of the Ministry, scientists and business representatives would visit India to take forward the conversations. A bilateral agreement on agricultural cooperation will also be signed during the visit," Agriculture Ministry said in a statement.Indian delegation also visited Kaunas Agricultural University where they were shown research facilities available there. The delegation also met agricultural enterprises in Kaunas who showed willingness to work with Indian companies under 'Make in India' scheme.Kundaria was accompanied by Ambassador Ajay Bisaria and other senior officers of Indian Government. The Ambassador also invited Lithuanian companies as partners, as India gears up for a phase of active and focused engagement with Central Europe. A total of 6.22 lakh metric tonnes (MT) of paddy has arrived in the mandis of Haryana so far in the ongoing marketing season as against 3.64 lakh tonne of crop brought by farmers in the corresponding period last year.While stating this here, a spokesman of Haryana Food and Supplies Department said of the total arrival, more than 5.94 lakh MT paddy was leviable and 27,178 MT paddy was non-leviable.While government procurement agencies have purchased more than 5.42 lakh MT paddy, millers and dealers have purchased 79,754 MT paddy, he said.He said Kurukshetra received the maximum amount of paddy at 1.73 lakh MT.Of the total arrival, 1.45 lakh MT paddy has arrived in Karnal, 1.08 lakh MT in Kaithal, 99,527 MT in Ambala, 41,973 MT in Yamunanagar. Chana settled up due to good festival demand and on lower estimated output. However, imposing stock limit at WDRA warehouses and fresh notification to allow duty free chana until Dec 31, 2015, kept the supplies sufficient in the domestic market, limiting some gains in chana prices.According to sources the present output of pulses is about 10% less than it was last year. Banning of exports, 0% import duty and imposition of stock limits and other means to control price rise had been extended by Govt for next 1 year till Sept 30, 2016. With sowing of new crop to start Oct, demand for good quality chana has risen. Lower stocks in MP and Rajasthan too are supporting prices. As per Central cabinet meeting decision, stock limit can be imposed on WDRA (Warehouse Development and Regulatory Authority) warehouses also. Rajasthan and MP have the major stocks in Chana and Soybean. Rajasthan Govt puts WDRA warehouses under stock limit.The Centre will receive 5,000 tonnes of tur (arhar) and urad pulses imports by October 20 to help ease prices of the key pulse by improving the supply situation of the key protein source in the country. Turmeric settled up due to rising demand and arrival of good quality turmeric at the spot market. However, some gains were limited by the proposed nationwide truck strike and the traders keep away from buying the turmeric as they feel they may not be able to send the few pending orders. Due to rising demand and arrival of good quality turmeric at the spot market.However, some gains were limited by the proposed nationwide truck strike and the traders keep away from buying the turmeric as they feel they may not be able to send the few pending orders. Turmeric sowing area reported high in Maharashtra and Tamil Nadu state during the current sowing period. As per dept of commerce data, turmeric exports during April-Jul, 2015 pegged at 32,158 tonnes while the export for the 2014-15 is 90,738 tonnes compared to 78,360 tonnes in FY14.
  • 5. 5 Fundamental Watch : Castorseed CASTORSEED PRICES AT KEY SPOT MARKET National Market Update Agriculture statistics Division, DES has released its 4th Adv estimates of Production of food-grains for 2014- 15 on 17.07.2015.It has revised castor production estimate from 18.24 to 17.33 lakh tonne in the final estimate. The production target for 2014-15 was 16.65 lakh tone. India has produced 17.27 lakh tonne castor seed in 2013-14.However private trade estimate for the year is much lower in between 11 to 12.5 lakh tonne for 2014- 15. Area coverage during kharif 2015 till 1st Oct was reported at 10.96 lakh ha in comparison to 10.23 lakh ha till corresponding date last year. It is ahead of by 0.73 lakh ha. Gujarat has covered 7.78 against 7.1 lakh ha,. Coverage area in Rajasthan is running ahead by 32.89 percent this year. It has covered 1.99 against 1.65 lakh ha. so far. Overall area coverage is up by 5.03 percent this year. Castor oil export during week ending 27th sep-15 was registered at 21762.51 tonne at an Average FoB price of $1334.78 perT. Quantity wise it has increased by 170 percent week on week basis. India had exported 8048.49 tonne a week earlier. Price realization too has increased by5.23 percent last week. As prices of seed has increased .FoB quotes are bound to go up next week. Castor cash market continued to trade mixed on Monday despite upward momentum in futures.. Higher area coverage(5.03 %) till 1st Oct-2015 has pressurized cash market to some extent as production of seed may increase by 3 to 4 lakh tonne from last year. Its a temporary phenomenon. Overall sentiment for short to medium term remains bullish. Export sales have increased and there is a demand from plants..Export of castor oil increased by 170 percent to 21762.51 tonne last week from previous week. Demand continues and Malaysia emerged as a major buyer last week. CENTER 5-Oct-15 3-Oct-15 Change SUMERPUR 3850 3850 UNCH PATAN 3950 3985 -35 MEHSANA 4000 4000 UNCH BHABAR 3975 3975 UNCH HARJI 3975 3975 UNCH RAJKOT NA 3890 - KADI Closed 4000 -
  • 6. Technical Outlook 6 BUY CORIANDER OCT ABOVE 11580 TARGET 11607 11687 SL BELOW 11553 BUY GUARGUM OCT ABOVE 8530 TARGET 8580 8650 SL BELOW 8470 BUY TURMERIC OCT ABOVE 7750 TARGET 7794 7854 SL BELOW 7690 SELL CASTORSEED OCT BELOW 4110 TARGET 4085 4055 SL ABOVE 4135
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