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DAILY AGRI COMMODITY REPORT
15 December 2015
HNI & NRI Sales Contact Australia
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Cell: +1 704 249 2315
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All queries should be directed to
Info@epicresearch.co
1
Epic Research India
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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
APR 10500 10730 10380 10730 +3.99 9935
INTRADAY
LEVELS
SUPPORT SUPP. 1
10497
SUPP. 2
10263
PIVOT
10613
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
10847
RES. 2
10963
CORIANDER
JAN 9840 9840 9406 9406 -5.19 5150
INTRADAY
LEVELS
SUPPORT SUPP.1
9261
SUPP. 2
9117
PIVOT
9551
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
9695
RES. 2
9985
GUARGUM
JAN 5910 5930 5730 5730 -3.86 16686
INTRADAY
LEVELS
SUPPORT SUPP. 1
5663
SUPP. 2
5597
PIVOT
5797
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5863
RES. 2
5997
CASTORSEED
JAN 3918 3930 3809 3927 +1.39 92230
INTRADAY
LEVELS
SUPPORT SUPP. 1
3847
SUPP. 2
3767
PIVOT
3889
Castorseed short term
trend is bullish and
May continue in
coming day.RESISTAN
CE
RES. 1
3968
RES. 2
4010
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3850 3770 +2.12
CHANA 5084 5058 +0.51
CORIANDER 10600 10865 -2.44
GUARGUM 5670 58701 -3.41
JEERA 15100 15075 +0.17
MUSTARD
SEED
4330 4281 +1.14
SOYABEAN 3659 3576 +2.32
TURMERIC 9520 9154 +4.00
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
RAPESEED-MUSTARD
SEED
18-12-2015 4330.00 -99.00 -2.24%
JEERA 18-12-2015 15100.00 -45.00 -0.30%
BARLEY 18-12-2015 1390.00 -3.00 -0.22%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
TURMERIC 18-12-2015 9520.00 406.00 4.45%
COTTON SEED OIL CAKE
AKOLA
18-12-2015 1856.00 78.00 4.39%
CASTOR SEED NEW 18-12-2015 3850.00 125.00 3.36%
SOYABEAN 18-12-2015 3659.00 59.00 1.64%
REFINED SOY OIL 18-12-2015 636.00 7.55 1.20%
CHANA 18-12-2015 5084.00 29.00 0.57%
Commodities In News
4
ECONOMIC NEWS
Over 68,000 tonnes of pulses, out of 1.3 lakh tonnes seized during the
raids, have been offloaded in the market so far to boost domestic supply
and check prices, Parliament was informed.In a written reply to the Rajya
Sabha, Food Minister Ram Vilas Paswan informed that 68,413 tonnes have
been disposed of so far in the markets out of 1,30,608 tonnes seized during
14,177 raids on hoarders in 14 states.Maharashtra has offloaded 57,167.28
tonnes so far out of 86,709.39 tonnes seized by the state government during
5,250 raids.Karnataka has disposed of only 4,123.32 tonnes so far out of
25,545.82 tonnes seized."The High Court of Karnataka on November 23
declared the Department of Food and Civil Supplies' seizure of pulses
stored by traders as "illegal" and ordered the release of pulses, edible oils
and oilseeds from them", it said.In reply to another question, Paswan said
"rise in the prices of pulses and mustard oil are due to shortfall in
production owing to adverse weather conditions, increased transportation
costs, supply chain constraints like lack of storage facilities and hoarding
and black marketing".Pulses prices had crossed Rs 200 per kg in the retail
market due to fall in production by two million tonnes to 17.2 million
tonnes in 2014-15 crop year (July-June).
The government has slashed the minimum export price (MEP) on onions
to $400 per tonne, from $700 earlier, a move that is expected to encourage
out-bound shipments of the commodity."MEP for export of all varieties of
onions... is revised from $700 FOB (freight on board) per tonne to $400 per
tonne," the Directorate General of Foreign Trade ( DGFT) said in a
notification.MEP is the rate below which no traders are allowed to export.
The rise in MEP restricts exports and improves domestic supply.In August,
the government had hiked onion MEP to $700 per tonne, from $425, as
prices at both wholesale and retail levels skyrocketed on lower output due
to unseasonal rains.However, earlier this week, the Maharashtra
government had asked the Centre to scrap MEP for onions to help boost
overseas shipments after wholesale prices of the bulb went down to the Rs
10 per kg level.
Rmseed settled down tracking weakness in spot demand and weak
export demand. Rapeseed meal exports from India slumped 67.17% on
year to 12,845 tons in November on weak demand from South Korea
and Thailand, data released from Solvent Extractors Association of
India (SEA) showed. Food and Civil Supplies Department has imposed
the oilseeds inventory limit on wholesalers and the retailers in the
recent notification.The net sowing area however lags behind that of last
year. Demand failed to improve in cash markets as talks of better
sowing conditions stimulated the idea of further price drop, Going by
the latest government data, total cropped area is 54.16 lakh hectares as
against last year’s 60.91 Lakh hectares. Total area in the Rajasthan has
now reached 23.25 lakh hectares versus 25.84 lakh hectares last year.
Meanwhile total sowing area in the country as on Nov 27 stood
reported at 49.32 Lakh ha versus 58.21 Lakh ha last year same
period.The mustard crop farmers have received good returns this year
due to short supply.
Ref Soya oil settled up supported by good demand for the soyoil in
the domestic market. However, some gains were capped after lower
prices in international market on expectations that higher Argentinean
exports will pressure prices in an amply supplied global market. Prices
of oil were supported by hope of improvement in demand from United
States as likely increase in bio-diesel demand if US legislation is
expected to change the $1 per gallon bio-diesel blender's tax credits to a
producer if it materializes.The legislation will incentives producers to
blend more soy oil for bio-diesel production thus increasing demand of
soy oil for production of bio-diesel. At present this tax incentive is
applied to blender. India soybean oil imports climbed 99.39% in
September after local demand of edible oils rose due to lack of
domestic crushing, data release from the Solvent Extractors Association
(SEA) of India showed. India's soyoil imports surged to 321,062 tons in
September compared to 161,016 tons for the same period a year ago,
data released by the SEA of India showed.
5
Fundamental Watch : Chana
CHANA PRICES AT KEY SPOT MARKETNational Market Update
According to the Ministry of Agriculture, area under Rabi pulses throughout
the country stood 114.51 lakh hectares as on 11th December this year, around
1% lower when compared to the area sown during corresponding period last
year which was 115.34 Lakh hectares.
According to latest report released by Ministry of Agriculture, Chana area
till date (as on 11.12.2015) was registered at 75.12 Lakh Ha which was around
3% higher than the last year in the corresponding period. .Last year it was
72.98 Lakh ha. Till date sowing area of Chana in Maharashtra has increased
whereas in Rajasthan and Madhya Pradesh it has decreased as compare to last
year but now its gaining some momentum.
According to latest report released by Ministry of Agriculture, Peas area till
date (as on 11.12.2015) was registered at 9.17 Lakh Ha which was around 3%
lower than the last year in the corresponding period. .Last year it was 9.43
Lakh ha. Peas Sowing Area in Madhya Pradesh till date has increased by 69%
this year as compare to last year from 2.63 Lakh Ha to 4.45 Lakh Ha.
According to latest report released by Ministry of Agriculture, Rabi Urad
area till date (as on 11.12.2015) was registered at 4.51 Lakh Ha which was
around 23% higher than the last year in the corresponding period. Last year it
was 3.66 Lakh ha.
In order to curb down the rising prices and enhance domestic supply of
pulses, Government has released over 68000 tonnes of seized pulses till now.
Government has seized around 1.30 Lakh tonnes of pulses during raids on
hoarders.
CENTER 14-Dec-15 12-Dec-15 Change
AHMEDNAGAR 4600 4600 UNCH
ALWAR NA 4750 -
GWALIOR 4800 4800 UNCH
JAIPUR 5000 5050 -50
KANPUR 5325 5325 UNCH
NAGPUR 4600 4700 -100
VIJAYWADA 5075 5100 -25
Technical Outlook
6
SELL CORIANDER JAN BELOW 9400 TARGET 9355 9205 SL
ABOVE 9465
ELL GUARGUM JAN BELOW 5730 TARGET 5680 5610 SL
ABOVE 5790
BUY TURMERIC APRIL ABOVE 10730 TARGET 10774 10834 SL
BELOW 10670
BUY CASTORSEED JAN ABOVE 3930 TARGET 3955 3985 SL
BELOW 3905
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
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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 15 dec 2015

  • 1. DAILY AGRI COMMODITY REPORT 15 December 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 APR 10500 10730 10380 10730 +3.99 9935 INTRADAY LEVELS SUPPORT SUPP. 1 10497 SUPP. 2 10263 PIVOT 10613 Turmeric short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 10847 RES. 2 10963 CORIANDER JAN 9840 9840 9406 9406 -5.19 5150 INTRADAY LEVELS SUPPORT SUPP.1 9261 SUPP. 2 9117 PIVOT 9551 Coriander short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 9695 RES. 2 9985 GUARGUM JAN 5910 5930 5730 5730 -3.86 16686 INTRADAY LEVELS SUPPORT SUPP. 1 5663 SUPP. 2 5597 PIVOT 5797 Guargum short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 5863 RES. 2 5997 CASTORSEED JAN 3918 3930 3809 3927 +1.39 92230 INTRADAY LEVELS SUPPORT SUPP. 1 3847 SUPP. 2 3767 PIVOT 3889 Castorseed short term trend is bullish and May continue in coming day.RESISTAN CE RES. 1 3968 RES. 2 4010
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 3850 3770 +2.12 CHANA 5084 5058 +0.51 CORIANDER 10600 10865 -2.44 GUARGUM 5670 58701 -3.41 JEERA 15100 15075 +0.17 MUSTARD SEED 4330 4281 +1.14 SOYABEAN 3659 3576 +2.32 TURMERIC 9520 9154 +4.00 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % RAPESEED-MUSTARD SEED 18-12-2015 4330.00 -99.00 -2.24% JEERA 18-12-2015 15100.00 -45.00 -0.30% BARLEY 18-12-2015 1390.00 -3.00 -0.22% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % TURMERIC 18-12-2015 9520.00 406.00 4.45% COTTON SEED OIL CAKE AKOLA 18-12-2015 1856.00 78.00 4.39% CASTOR SEED NEW 18-12-2015 3850.00 125.00 3.36% SOYABEAN 18-12-2015 3659.00 59.00 1.64% REFINED SOY OIL 18-12-2015 636.00 7.55 1.20% CHANA 18-12-2015 5084.00 29.00 0.57%
  • 4. Commodities In News 4 ECONOMIC NEWS Over 68,000 tonnes of pulses, out of 1.3 lakh tonnes seized during the raids, have been offloaded in the market so far to boost domestic supply and check prices, Parliament was informed.In a written reply to the Rajya Sabha, Food Minister Ram Vilas Paswan informed that 68,413 tonnes have been disposed of so far in the markets out of 1,30,608 tonnes seized during 14,177 raids on hoarders in 14 states.Maharashtra has offloaded 57,167.28 tonnes so far out of 86,709.39 tonnes seized by the state government during 5,250 raids.Karnataka has disposed of only 4,123.32 tonnes so far out of 25,545.82 tonnes seized."The High Court of Karnataka on November 23 declared the Department of Food and Civil Supplies' seizure of pulses stored by traders as "illegal" and ordered the release of pulses, edible oils and oilseeds from them", it said.In reply to another question, Paswan said "rise in the prices of pulses and mustard oil are due to shortfall in production owing to adverse weather conditions, increased transportation costs, supply chain constraints like lack of storage facilities and hoarding and black marketing".Pulses prices had crossed Rs 200 per kg in the retail market due to fall in production by two million tonnes to 17.2 million tonnes in 2014-15 crop year (July-June). The government has slashed the minimum export price (MEP) on onions to $400 per tonne, from $700 earlier, a move that is expected to encourage out-bound shipments of the commodity."MEP for export of all varieties of onions... is revised from $700 FOB (freight on board) per tonne to $400 per tonne," the Directorate General of Foreign Trade ( DGFT) said in a notification.MEP is the rate below which no traders are allowed to export. The rise in MEP restricts exports and improves domestic supply.In August, the government had hiked onion MEP to $700 per tonne, from $425, as prices at both wholesale and retail levels skyrocketed on lower output due to unseasonal rains.However, earlier this week, the Maharashtra government had asked the Centre to scrap MEP for onions to help boost overseas shipments after wholesale prices of the bulb went down to the Rs 10 per kg level. Rmseed settled down tracking weakness in spot demand and weak export demand. Rapeseed meal exports from India slumped 67.17% on year to 12,845 tons in November on weak demand from South Korea and Thailand, data released from Solvent Extractors Association of India (SEA) showed. Food and Civil Supplies Department has imposed the oilseeds inventory limit on wholesalers and the retailers in the recent notification.The net sowing area however lags behind that of last year. Demand failed to improve in cash markets as talks of better sowing conditions stimulated the idea of further price drop, Going by the latest government data, total cropped area is 54.16 lakh hectares as against last year’s 60.91 Lakh hectares. Total area in the Rajasthan has now reached 23.25 lakh hectares versus 25.84 lakh hectares last year. Meanwhile total sowing area in the country as on Nov 27 stood reported at 49.32 Lakh ha versus 58.21 Lakh ha last year same period.The mustard crop farmers have received good returns this year due to short supply. Ref Soya oil settled up supported by good demand for the soyoil in the domestic market. However, some gains were capped after lower prices in international market on expectations that higher Argentinean exports will pressure prices in an amply supplied global market. Prices of oil were supported by hope of improvement in demand from United States as likely increase in bio-diesel demand if US legislation is expected to change the $1 per gallon bio-diesel blender's tax credits to a producer if it materializes.The legislation will incentives producers to blend more soy oil for bio-diesel production thus increasing demand of soy oil for production of bio-diesel. At present this tax incentive is applied to blender. India soybean oil imports climbed 99.39% in September after local demand of edible oils rose due to lack of domestic crushing, data release from the Solvent Extractors Association (SEA) of India showed. India's soyoil imports surged to 321,062 tons in September compared to 161,016 tons for the same period a year ago, data released by the SEA of India showed.
  • 5. 5 Fundamental Watch : Chana CHANA PRICES AT KEY SPOT MARKETNational Market Update According to the Ministry of Agriculture, area under Rabi pulses throughout the country stood 114.51 lakh hectares as on 11th December this year, around 1% lower when compared to the area sown during corresponding period last year which was 115.34 Lakh hectares. According to latest report released by Ministry of Agriculture, Chana area till date (as on 11.12.2015) was registered at 75.12 Lakh Ha which was around 3% higher than the last year in the corresponding period. .Last year it was 72.98 Lakh ha. Till date sowing area of Chana in Maharashtra has increased whereas in Rajasthan and Madhya Pradesh it has decreased as compare to last year but now its gaining some momentum. According to latest report released by Ministry of Agriculture, Peas area till date (as on 11.12.2015) was registered at 9.17 Lakh Ha which was around 3% lower than the last year in the corresponding period. .Last year it was 9.43 Lakh ha. Peas Sowing Area in Madhya Pradesh till date has increased by 69% this year as compare to last year from 2.63 Lakh Ha to 4.45 Lakh Ha. According to latest report released by Ministry of Agriculture, Rabi Urad area till date (as on 11.12.2015) was registered at 4.51 Lakh Ha which was around 23% higher than the last year in the corresponding period. Last year it was 3.66 Lakh ha. In order to curb down the rising prices and enhance domestic supply of pulses, Government has released over 68000 tonnes of seized pulses till now. Government has seized around 1.30 Lakh tonnes of pulses during raids on hoarders. CENTER 14-Dec-15 12-Dec-15 Change AHMEDNAGAR 4600 4600 UNCH ALWAR NA 4750 - GWALIOR 4800 4800 UNCH JAIPUR 5000 5050 -50 KANPUR 5325 5325 UNCH NAGPUR 4600 4700 -100 VIJAYWADA 5075 5100 -25
  • 6. Technical Outlook 6 SELL CORIANDER JAN BELOW 9400 TARGET 9355 9205 SL ABOVE 9465 ELL GUARGUM JAN BELOW 5730 TARGET 5680 5610 SL ABOVE 5790 BUY TURMERIC APRIL ABOVE 10730 TARGET 10774 10834 SL BELOW 10670 BUY CASTORSEED JAN ABOVE 3930 TARGET 3955 3985 SL BELOW 3905
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