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DAILY AGRI COMMODITY REPORT
09 January 2015
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1
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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
DHANIYA
APR 8330 8395 8201 8225 -1.08 12210
INTRADAY
LEVELS
SUPPORT SUPP.1
8152
SUPP. 2
8080
PIVOT
8274
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
8346
RES. 2
8468
CASTORSEED
FEB 4770 4790 4729 4751 -0.57 21580
INTRADAY
LEVELS
SUPPORT SUPP. 1
4723
SUPP. 2
4696
PIVOT
4757
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
4784
RES. 2
4818
TURMERIC
APR 9102 9152 8830 8912 -2.64 22650
INTRADAY
LEVELS
SUPPORT SUPP. 1
8777
SUPP. 2
8643
PIVOT
8965
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
9099
RES. 2
9287
GUARGUM
FEB 12140 12340 12080 12130 +0.41 7267
INTRADAY
LEVELS
SUPPORT SUPP. 1
12027
SUPP. 2
11923
PIVOT
12183
Guargum Short term
trend is Down,
Expecting price may go
Down in coming days.RESISTAN
CE
RES. 1
12287
RES. 2
12443
Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
GUR 20-01-2015 1008.00 29.50 3.01%
CORIANDER 20-01-2015 11725.00 140.00 1.21%
RAPESEED-MUSTARD SEED 20-01-2015 4087.00 28.00 0.69%
CHANA 20-01-2015 3476.00 9.00 0.26%
COTTON SEED OIL CAKE
AKOLA
20-01-2015 1436.00 2.00 0.14%
BARLEY 20-01-2015 1643.00 0.50 0.03%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TURMERIC 20-04-2015 8912.00 -242.00 -2.64%
JEERA 20-01-2015 14965.00 -175.00 -1.16%
CASTOR SEED NEW 20-01-2015 4825.00 -39.00 -0.80%
SOYABEAN 20-01-2015 3361.00 -22.00 -0.65%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4751 4778 -0.57
CHANA 3532 3536 -0.11
CORIANDER 8225 8315 -1.08
GUARGUM 12130 12080 +0.41
JEERA 15285 15410 -0.81
MUSTARD SEED 3555 3548 +0.20
SOYABEAN 3495 3528 -0.94
TURMERIC 8912 9154 -2.64
Commodities In News
4
ECONOMIC NEWS
State-run Cotton Corporation of India (CCI) has procured 41 lakh
bales of cotton so far this year at the minimum support price ( MSP)
from key growing states like Andhra Pradesh and Maharashtra.The
CCI started the procurement operation at the support price from
October 2014 to protect farmers from sharp decline in domestic prices
in view of expected higher production."Cotton procurement has
reached 41 lakh bales of 170 kg each so far this year. Maximum
procurement was from Andhra Pradesh and Telangana, followed by
Maharasthra," a senior Textile Ministry official told PTI.About 27
lakh bales of cotton have been purchased from Andhra Pradesh and
Telangana, 7,00,000 bales from Maharashtra, 2,20,000 bales from
Gujarat and around 2,00,000 bales from Punjab, Haryana and
Rajasthan, the official added.Cotton prices in domestic market are
ruling below support price of Rs 4,050 per quintal for last few months.
The sluggish trend is expected to continue due to poor export demand,
especially from China, amid higher local production.In global markets,
cotton prices have fallen substantially since last spring (March-May),
when they were above 90 cents per pound to under 70 cents per pound
in December, according to the US-based International Cotton
Advisory Committee."The contraction in China's demand for cotton
yarn imports is expected to cause India's cotton consumption growth
to slow to 4 per cent, reaching 5.3 million tonnes (24.34 million
bales)."This is down from 5 per cent in 2013-14 and 14 per cent in
2012-13 when demand for Indian yarn exports was much stronger,"
As per ICAC estimates, India's production is expected to remain stable
at 6.8 million tonnes (31.23 million bales) due to less favourable
monsoon weather despite an expansion in the cotton area by 5 per cent
to 12.3 million hectares. "However, its production will surpass China's
by over 3,00,000,making it the largest cotton producer in 2014-15,"
Meanwhile, the government' Cotton Advisory Board has pegged the
country's total cotton production at over 40 million bales in 2014-15
marketing year as against 39.8 million bales in 2013-14.
Sugar is witnessing some demand now as stocksts are buying the fresh
stocks. Mill prices have recovered from their lowest levels in three years.
However, supplies are equally good. The domestic Sugar production is up
27.3% in the first three months of the 2014-15 season that began in October to
hit 74.61 lakh tonnes (lt) as on December 31, according to latest data released
by the Indian Sugar Mills Association. The strong gains in the output have
been primarily attributed to mills in Uttar Pradesh beginning cane crushing
operations a week earlier than last season.
Jeera is holding above Rs 15000 per quintal, consolidating around 15 month
high amid steady demand. Prices soared in last few days on good buying
support following persistent worries over the acreage. The commodity is
quoting at Rs 15112, almost unchanged on the day. The total daily arrivals
stand at just 8000 bags- witnessing a slack season lull. Overseas demand
remains steady and the weakness in INR is supporting sentiments. Rajasthan
crop is seen taking a hit to the tune of around 30% on poor weather.
Mustardseed witnessed some buying on improving demand for
Mustardmeal. The commodity had soared on excellent buying amid thin
stocks few weeks back and it seems that further upside is possible from
hereon. Sowing area under total oilseeds is at 75.43 lakh hectares as compared
to 80.93 lakh hectares last year- down 6.80%. This makes is clear that the rabi
mustard harvest won't be an upbeat one. Spot Mustard is currently trading at
Rs 4150 per quintal, up Rs 30 per quintal on the day. Mustardmeal exports
have been in a good nick over last few months.
Spot Chana market is trading steady today. The arrivals have picked up pace
as traders' eye the start of the new season. The worries over rabi sowing are
keeping sentiments supported. Major losses have emerged in the area under
Gram or Chana. The area under sowing of Gram is at 79.65 lakh hectares this
year while the last year's figure was 95.03 lakh hectares- down 16%. Area
coverage under Total Pulses is at 129.99 lakh hectares while the last year's
sowing area coverage was 144.79 lakh hectares. In other pulses, good arrivals
are being witnessed in Tur market.
5
Fundamental Watch : Catorseed
CASTORSEED ARRIVALS AT KEY SPOT
MARKET
National & International Market Update
Cash market traded mixed on Thursday amid lacklustre trading activities.
There is no demand for crushing at this point of time. Cash market is likely
to trade steady to slightly firm as major stake holders are holding stock and
intend to drive market up from current level. Pressure would be felt from
March and then downward pressure can be seen in the market. Various crop
estimate agencies see production as last year’s level. While Agriwatch sees
higher production than last year based on current survey underway despite
loss reported from Kutch region of Gujarat. Agriwatch would revise
production estimate in February,2015. There is a common talk in the
market that price of castor seed would continue to stay steady as farmers
would not sell seed below Rs 800 per 20 kg in peak arrival season. Cost of
cultivation has gone up and they may hold stock for three four months for
better price realization. Castor seed in Patan (Gujarat) traded unchanged at
4755 per qtl. Castor meal quote bulk at kandla was registered unchanged at
Rs 8100 per tonne as compare to last week. Fresh demand is expected from
the second week of January. Commercial grade oil price traded firm at
89000 per tonne, almost Rs 1000 higher than previous week. Fob quote for
castor oil at Kandla was quoted at $1440 per tonne, lower by $25 per tonne.
Meal price unchanged at $135 per tonne during the week under review.
International buyers remain sidelined as prices are higher than expectation.
They are not in a hurry to buy oil at higher prices as they have ample stock
to meet their needs at least for two months from now. Castor meal demand
is likely to decrease further as prices are ruling higher. Only need based
buying is on the card. Bulk buying is expected in March –April, the peak
arrival season and likely lower price. FOB quote In Kandla has decreased
considerably from $1470 to $1440 per tonne in last four weeks.
CENTER 08-Jan-15 07-Jan-15 Change
SUMERPUR 160 160 UNCH
JODHPUR 120 48 +72
RAJKOT 650 460 +190
GONDAL 142 332 -190
PATAN 3555 2705 +850
DEESA 2217 1830 +387
KADI 1708 1360 +348
Technical Outlook
6
SELL DHANIYA APR BELOW 8190 TGTS 8160,8110 SL 8240 SELL GUARGUM FEB BELOW 12080 TGTS 12030,11930 SL 12170
SELL CASTORSEED FEB BELOW 4720 TGTS 4690,4640 SL 4770 SELL TMC APR BELOW 8800 TGTS 8750,8650 SL 8890
Disclaimer
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up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility.
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Epic research daily agri report 09 jan 2015

  • 1. DAILY AGRI COMMODITY REPORT 09 January 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 DHANIYA APR 8330 8395 8201 8225 -1.08 12210 INTRADAY LEVELS SUPPORT SUPP.1 8152 SUPP. 2 8080 PIVOT 8274 Dhaniya short term trend is down, further more downside is expected in comimg days. RESISTAN CE RES. 1 8346 RES. 2 8468 CASTORSEED FEB 4770 4790 4729 4751 -0.57 21580 INTRADAY LEVELS SUPPORT SUPP. 1 4723 SUPP. 2 4696 PIVOT 4757 Castorseed short term trend is down, Prices expected to go down in coming days.RESISTAN CE RES. 1 4784 RES. 2 4818 TURMERIC APR 9102 9152 8830 8912 -2.64 22650 INTRADAY LEVELS SUPPORT SUPP. 1 8777 SUPP. 2 8643 PIVOT 8965 Turmeric short term trend is up and may continue in coming days.RESISTAN CE RES. 1 9099 RES. 2 9287 GUARGUM FEB 12140 12340 12080 12130 +0.41 7267 INTRADAY LEVELS SUPPORT SUPP. 1 12027 SUPP. 2 11923 PIVOT 12183 Guargum Short term trend is Down, Expecting price may go Down in coming days.RESISTAN CE RES. 1 12287 RES. 2 12443
  • 3. Most Active Contract 3 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % GUR 20-01-2015 1008.00 29.50 3.01% CORIANDER 20-01-2015 11725.00 140.00 1.21% RAPESEED-MUSTARD SEED 20-01-2015 4087.00 28.00 0.69% CHANA 20-01-2015 3476.00 9.00 0.26% COTTON SEED OIL CAKE AKOLA 20-01-2015 1436.00 2.00 0.14% BARLEY 20-01-2015 1643.00 0.50 0.03% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % TURMERIC 20-04-2015 8912.00 -242.00 -2.64% JEERA 20-01-2015 14965.00 -175.00 -1.16% CASTOR SEED NEW 20-01-2015 4825.00 -39.00 -0.80% SOYABEAN 20-01-2015 3361.00 -22.00 -0.65% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 4751 4778 -0.57 CHANA 3532 3536 -0.11 CORIANDER 8225 8315 -1.08 GUARGUM 12130 12080 +0.41 JEERA 15285 15410 -0.81 MUSTARD SEED 3555 3548 +0.20 SOYABEAN 3495 3528 -0.94 TURMERIC 8912 9154 -2.64
  • 4. Commodities In News 4 ECONOMIC NEWS State-run Cotton Corporation of India (CCI) has procured 41 lakh bales of cotton so far this year at the minimum support price ( MSP) from key growing states like Andhra Pradesh and Maharashtra.The CCI started the procurement operation at the support price from October 2014 to protect farmers from sharp decline in domestic prices in view of expected higher production."Cotton procurement has reached 41 lakh bales of 170 kg each so far this year. Maximum procurement was from Andhra Pradesh and Telangana, followed by Maharasthra," a senior Textile Ministry official told PTI.About 27 lakh bales of cotton have been purchased from Andhra Pradesh and Telangana, 7,00,000 bales from Maharashtra, 2,20,000 bales from Gujarat and around 2,00,000 bales from Punjab, Haryana and Rajasthan, the official added.Cotton prices in domestic market are ruling below support price of Rs 4,050 per quintal for last few months. The sluggish trend is expected to continue due to poor export demand, especially from China, amid higher local production.In global markets, cotton prices have fallen substantially since last spring (March-May), when they were above 90 cents per pound to under 70 cents per pound in December, according to the US-based International Cotton Advisory Committee."The contraction in China's demand for cotton yarn imports is expected to cause India's cotton consumption growth to slow to 4 per cent, reaching 5.3 million tonnes (24.34 million bales)."This is down from 5 per cent in 2013-14 and 14 per cent in 2012-13 when demand for Indian yarn exports was much stronger," As per ICAC estimates, India's production is expected to remain stable at 6.8 million tonnes (31.23 million bales) due to less favourable monsoon weather despite an expansion in the cotton area by 5 per cent to 12.3 million hectares. "However, its production will surpass China's by over 3,00,000,making it the largest cotton producer in 2014-15," Meanwhile, the government' Cotton Advisory Board has pegged the country's total cotton production at over 40 million bales in 2014-15 marketing year as against 39.8 million bales in 2013-14. Sugar is witnessing some demand now as stocksts are buying the fresh stocks. Mill prices have recovered from their lowest levels in three years. However, supplies are equally good. The domestic Sugar production is up 27.3% in the first three months of the 2014-15 season that began in October to hit 74.61 lakh tonnes (lt) as on December 31, according to latest data released by the Indian Sugar Mills Association. The strong gains in the output have been primarily attributed to mills in Uttar Pradesh beginning cane crushing operations a week earlier than last season. Jeera is holding above Rs 15000 per quintal, consolidating around 15 month high amid steady demand. Prices soared in last few days on good buying support following persistent worries over the acreage. The commodity is quoting at Rs 15112, almost unchanged on the day. The total daily arrivals stand at just 8000 bags- witnessing a slack season lull. Overseas demand remains steady and the weakness in INR is supporting sentiments. Rajasthan crop is seen taking a hit to the tune of around 30% on poor weather. Mustardseed witnessed some buying on improving demand for Mustardmeal. The commodity had soared on excellent buying amid thin stocks few weeks back and it seems that further upside is possible from hereon. Sowing area under total oilseeds is at 75.43 lakh hectares as compared to 80.93 lakh hectares last year- down 6.80%. This makes is clear that the rabi mustard harvest won't be an upbeat one. Spot Mustard is currently trading at Rs 4150 per quintal, up Rs 30 per quintal on the day. Mustardmeal exports have been in a good nick over last few months. Spot Chana market is trading steady today. The arrivals have picked up pace as traders' eye the start of the new season. The worries over rabi sowing are keeping sentiments supported. Major losses have emerged in the area under Gram or Chana. The area under sowing of Gram is at 79.65 lakh hectares this year while the last year's figure was 95.03 lakh hectares- down 16%. Area coverage under Total Pulses is at 129.99 lakh hectares while the last year's sowing area coverage was 144.79 lakh hectares. In other pulses, good arrivals are being witnessed in Tur market.
  • 5. 5 Fundamental Watch : Catorseed CASTORSEED ARRIVALS AT KEY SPOT MARKET National & International Market Update Cash market traded mixed on Thursday amid lacklustre trading activities. There is no demand for crushing at this point of time. Cash market is likely to trade steady to slightly firm as major stake holders are holding stock and intend to drive market up from current level. Pressure would be felt from March and then downward pressure can be seen in the market. Various crop estimate agencies see production as last year’s level. While Agriwatch sees higher production than last year based on current survey underway despite loss reported from Kutch region of Gujarat. Agriwatch would revise production estimate in February,2015. There is a common talk in the market that price of castor seed would continue to stay steady as farmers would not sell seed below Rs 800 per 20 kg in peak arrival season. Cost of cultivation has gone up and they may hold stock for three four months for better price realization. Castor seed in Patan (Gujarat) traded unchanged at 4755 per qtl. Castor meal quote bulk at kandla was registered unchanged at Rs 8100 per tonne as compare to last week. Fresh demand is expected from the second week of January. Commercial grade oil price traded firm at 89000 per tonne, almost Rs 1000 higher than previous week. Fob quote for castor oil at Kandla was quoted at $1440 per tonne, lower by $25 per tonne. Meal price unchanged at $135 per tonne during the week under review. International buyers remain sidelined as prices are higher than expectation. They are not in a hurry to buy oil at higher prices as they have ample stock to meet their needs at least for two months from now. Castor meal demand is likely to decrease further as prices are ruling higher. Only need based buying is on the card. Bulk buying is expected in March –April, the peak arrival season and likely lower price. FOB quote In Kandla has decreased considerably from $1470 to $1440 per tonne in last four weeks. CENTER 08-Jan-15 07-Jan-15 Change SUMERPUR 160 160 UNCH JODHPUR 120 48 +72 RAJKOT 650 460 +190 GONDAL 142 332 -190 PATAN 3555 2705 +850 DEESA 2217 1830 +387 KADI 1708 1360 +348
  • 6. Technical Outlook 6 SELL DHANIYA APR BELOW 8190 TGTS 8160,8110 SL 8240 SELL GUARGUM FEB BELOW 12080 TGTS 12030,11930 SL 12170 SELL CASTORSEED FEB BELOW 4720 TGTS 4690,4640 SL 4770 SELL TMC APR BELOW 8800 TGTS 8750,8650 SL 8890
  • 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.