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DAILY AGRI COMMODITY REPORT
15 February 2016
HNI & NRI Sales Contact Australia
Mintara Road, Tarneit, Victoria. Post Code 3029
Phone.: +61 422 063855
HNI & NRI Sales Contact USA
2117 Arbor Vista Dr. Charlotte (NC)
Cell: +1 704 249 2315
Toll Free Number
1-800-200-9454
All queries should be directed to
Info@epicresearch.co
1
Epic Research India
411 Milinda Manor (Suites 409- 417)
2 RNT Marg. Opp Central Mall
Indore (M.P.)
Hotline: +91 731 664 2300
Alternate: +91 731 664 2320
Or give us a missed call at
026 5309 0639
Our Presence
YOURMINTVISORY Call us at +91-731-6642300
Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 8888 8894 8600 8700 -2.20 12230
INTRADAY
LEVELS
SUPPORT SUPP. 1
8569
SUPP. 2
8437
PIVOT
8713
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
8863
RES. 2
9025
CORIANDER
APR 6670 6826 6660 6800 +1.67 3930
INTRADAY
LEVELS
SUPPORT SUPP.1
6698
SUPP. 2
6596
PIVOT
6762
Coriander short term
trend is bullish and May
continue in coming
days.RESISTAN
CE
RES. 1
6864
RES. 2
6928
GUARGUM
MAR 5700 5820 5650 5670 +0.18 14372
INTRADAY
LEVELS
SUPPORT SUPP. 1
5587
SUPP. 2
5503
PIVOT
5703
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
5786
RES. 2
5903
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTAN
CE
RES. 1
-
RES. 2
-
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED - - -
CHANA 4298 4329 -0.72
CORIANDER 6800 6688 +1.67
GUARGUM 5600 5630 -0.53
JEERA 14490 14690 -1.36
MUSTARD
SEED
3988 3922 +1.68
SOYABEAN 3744 3761 -0.45
TURMERIC 8700 8896 -2.20
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 18-03-2016 14450.00 -255.00 -1.73%
TURMERIC 20-04-2016 8698.00 -150.00 -1.70%
SOYABEAN 19-02-2016 3735.00 -51.00 -1.35%
CHANA 20-04-2016 4301.00 -43.00 -0.99%
BARLEY 20-04-2016 1395.00 -12.50 -0.89%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
RAPESEED-MUSTARD
SEED
20-04-2016 3984.00 64.00 1.63%
CORIANDER 20-04-2016 6765.00 85.00 1.27%
COTTON SEED OIL CAKE
AKOLA
19-02-2016 2050.00 13.00 0.64%
Commodities In News
4
ECONOMIC NEWS
To ensure that prices of pulses do not flare up any further, central
security agencies including Intelligence Bureau and Directorate of Revenue
Intelligence have been asked to keep a close watch on tur, urad and gram
traders to check speculation and hoarding.Pulses prices have been under
pressure since last year due to production fall in the wake of unfavourable
weather. For instance, retail tur prices had shot up to Rs 200/kg in most
places, which after series of government steps have now cooled down to Rs
160/kg though still costlier for common man.Despite several steps, pulses
prices are expected to remain firm this year as well due to production
concerns because of drought for the second straight year.In this backdrop,
sources said, a meeting of central security agencies -- IB, DRI, Income Tax
Department, Directorate General of Foreign Trade (DGFT) and Delhi
Police -- was recently called by the Consumer Affairs Ministry to discuss
further actions to curb "satta operators" in pulses trading and keep prices
under control."In the meeting, the enforcement agencies were asked to
concentrate on tur and urad traders in the coming days. They have been
informed to take stringent action against "satta operators" in these
commodities," the sources said.Since the harvesting of winter-sown gram
dal will begin shortly, the agencies have been asked to keep a close watch
on trading of this particular dal, the sources said.Since the harvesting of
winter-sown gram dal will begin shortly, the agencies have been asked to
keep a close watch on trading of this particular dal, the sources said.In
order to check hoarding of imported dals, the customs department has been
asked to collect port-wise details of imported stocks and see if imported
pulses are being kept at ports beyond a reasonable period, they added.In the
meeting, it was also informed that the recent income tax raids conducted in
several cities on masoor dal traders helped cool down prices to a large
extent.Retail masoor dal prices have now declined below Rs 80 per kg
from Rs 120 per kg level in last three-four months, as per the government
data.According to sources, the enforcement agencies have decided to meet
on a regular basis and will also take views of the state officials in the
meeting through video conference for effective actions against speculators.
Ref Soya oil settled up tracking firmness in spot demand despite over
supply following higher imports data. Soy meal exports touched an all
time low of 7,707 tonnes in January this year, due to higher bean prices
in the domestic market. The export during April-January period of the
current fiscal declined by 87 per cent to 69,266 tonnes compared to
5.35 lakh tonnes in the same period of previous year.The monthly soy
meal exports have touched an all time low of 7,707 tonnes in January
due to higher bean prices in the domestic market. During current Oil
year (October-September), total exports during October 2015 to
January 2016 stood at 26,520 tonnes as against 4.38 lakh tonnes last
year, a fall of 94 per cent.Soymeal is mainly used as feed for poultry,
cattle and also as aqua feed. The annual production in India is about 6
million tonnes. India's export of oil meals during January 2016 is
reported ever lowest at 17,243 tons, down 91% as compared to 185,654
tons in the same month of previous year, according to data compiled by
Solvent Extractors' Association (SEA). The overall export of oil meals
during April 2015 to January 2016 is more than halved to 1,005,085
tons.
Jeera settled up on reports of supply shortfall and good domestic
demand, as new season crop will only come in March. Jeera sowing
area in major growing districts of Rajasthan reported down current year
due to higher prices alternate crop like Methi seed and low damage risk
as compared to Jeera crop. Jodhpur Jeera area reported 130000 hectares
as compared to last year 135000 hectares, Nagour Jeera area 37985
hectares as compared to last year 41850 hectares etc.Gujarat has
planted more cumin until Jan 25, 2016 compared to last year sowing
progress. In Gujarat, jeera is planted about 10.8% more area at 2,95,400
hectares compared to 2,66,700 hectares last year same time. As per
Agmarknet data, arrivals of Jeera in Gujarat markets for the calendar
year 2015 is lower by 231 % at about 1.28 lt compared to 4.25 lt last
year.According to Dept of Commerce data, the export of jeera during
first 8 month of 2015-16 (Apr-Nov) is 56,787 tonnes, which is, lower
as compared to last year.
5
Fundamental Watch : Cotton
COTTON PRICES AT KEY SPOT MARKETNational Market Update
Total cotton arrival till January 27 this season remained 144.07 lakh bales
(of 170 Kg each), around 30% lower as compared to 206.76 lakh bales
previous season during the same period, according to Cotton Corporation of
India.
According to the industry sources, Cotton Corporation of India (CCI) has
auctioned most of its stocks it procured under MSP operation in 2015-14 and
currently it is holding 25000 bales (of 170 Kg each) of cotton.
India is likely to export 1.24 million tons (around 73 lakh bales of 170 kg
each) of cotton in season 2015-16, around 9% higher than the estimates of
previous month which was 1.26 million tons and around 36% higher as
compared to 0.91 (around 53.76 lakh bales) million tons, the volume it
exported in the previous season, according to USDA.
India exported 2.29 lakh bales of cotton last week (01 Feb-07 Feb 2016),
which was 2.23 lakh bales previous to last week (25 Jan-31 Jan 2016),
according to the data released by IBIS. Imports on the other hand stood 0.104
lakh bales last week, which was 0.069 lakh bales previous to last week.
Mahyco Monsanto, a joint venture of US agriculture company Monsanto
and Indian counterpart Maharashtra Hybrid seeds Company (Mahyco) has
moved to Delhi High Court once again, requesting a stay on the functioning of
the a nine member committee formed to set the maximum selling price
(MSP)of cotton seed.
CENTER 12-Feb-15 11-Jan-15 Change
RAJKOT 4775 4710 +65
BHIWANI 4500 4500 UNCH
ADAMPUR 4575 4575 UNCH
AHMEDABAD 4675 4675 UNCH
GONDAL 4630 4630 UNCH
GUNTUR NA NA -
RAICHUR 4620 4611 +9
Technical Outlook
6
BUY CORIANDER APR ABOVE 6825 TARGET 6870 7020 SL
BELOW 6760
SELL GUARGUM MAR BELOW 5700 TARGET 5650 5580 SL
ABOVE 5760
BUY TURMERIC APRIL ABOVE 8800 TARGET 8844 8904 SL
BELOW 8740
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
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Epic research daily agri report 15th feb 2016

  • 1. DAILY AGRI COMMODITY REPORT 15 February 2016 HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: +61 422 063855 HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315 Toll Free Number 1-800-200-9454 All queries should be directed to Info@epicresearch.co 1 Epic Research India 411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 Our Presence YOURMINTVISORY Call us at +91-731-6642300
  • 2. Market Views 2 MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL TURMERIC APR 8888 8894 8600 8700 -2.20 12230 INTRADAY LEVELS SUPPORT SUPP. 1 8569 SUPP. 2 8437 PIVOT 8713 Turmeric short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 8863 RES. 2 9025 CORIANDER APR 6670 6826 6660 6800 +1.67 3930 INTRADAY LEVELS SUPPORT SUPP.1 6698 SUPP. 2 6596 PIVOT 6762 Coriander short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 6864 RES. 2 6928 GUARGUM MAR 5700 5820 5650 5670 +0.18 14372 INTRADAY LEVELS SUPPORT SUPP. 1 5587 SUPP. 2 5503 PIVOT 5703 Guargum short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 5786 RES. 2 5903 CASTORSEED - - - - - - - INTRADAY LEVELS SUPPORT SUPP. 1 - SUPP. 2 - PIVOT - - RESISTAN CE RES. 1 - RES. 2 -
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED - - - CHANA 4298 4329 -0.72 CORIANDER 6800 6688 +1.67 GUARGUM 5600 5630 -0.53 JEERA 14490 14690 -1.36 MUSTARD SEED 3988 3922 +1.68 SOYABEAN 3744 3761 -0.45 TURMERIC 8700 8896 -2.20 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % JEERA 18-03-2016 14450.00 -255.00 -1.73% TURMERIC 20-04-2016 8698.00 -150.00 -1.70% SOYABEAN 19-02-2016 3735.00 -51.00 -1.35% CHANA 20-04-2016 4301.00 -43.00 -0.99% BARLEY 20-04-2016 1395.00 -12.50 -0.89% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % RAPESEED-MUSTARD SEED 20-04-2016 3984.00 64.00 1.63% CORIANDER 20-04-2016 6765.00 85.00 1.27% COTTON SEED OIL CAKE AKOLA 19-02-2016 2050.00 13.00 0.64%
  • 4. Commodities In News 4 ECONOMIC NEWS To ensure that prices of pulses do not flare up any further, central security agencies including Intelligence Bureau and Directorate of Revenue Intelligence have been asked to keep a close watch on tur, urad and gram traders to check speculation and hoarding.Pulses prices have been under pressure since last year due to production fall in the wake of unfavourable weather. For instance, retail tur prices had shot up to Rs 200/kg in most places, which after series of government steps have now cooled down to Rs 160/kg though still costlier for common man.Despite several steps, pulses prices are expected to remain firm this year as well due to production concerns because of drought for the second straight year.In this backdrop, sources said, a meeting of central security agencies -- IB, DRI, Income Tax Department, Directorate General of Foreign Trade (DGFT) and Delhi Police -- was recently called by the Consumer Affairs Ministry to discuss further actions to curb "satta operators" in pulses trading and keep prices under control."In the meeting, the enforcement agencies were asked to concentrate on tur and urad traders in the coming days. They have been informed to take stringent action against "satta operators" in these commodities," the sources said.Since the harvesting of winter-sown gram dal will begin shortly, the agencies have been asked to keep a close watch on trading of this particular dal, the sources said.Since the harvesting of winter-sown gram dal will begin shortly, the agencies have been asked to keep a close watch on trading of this particular dal, the sources said.In order to check hoarding of imported dals, the customs department has been asked to collect port-wise details of imported stocks and see if imported pulses are being kept at ports beyond a reasonable period, they added.In the meeting, it was also informed that the recent income tax raids conducted in several cities on masoor dal traders helped cool down prices to a large extent.Retail masoor dal prices have now declined below Rs 80 per kg from Rs 120 per kg level in last three-four months, as per the government data.According to sources, the enforcement agencies have decided to meet on a regular basis and will also take views of the state officials in the meeting through video conference for effective actions against speculators. Ref Soya oil settled up tracking firmness in spot demand despite over supply following higher imports data. Soy meal exports touched an all time low of 7,707 tonnes in January this year, due to higher bean prices in the domestic market. The export during April-January period of the current fiscal declined by 87 per cent to 69,266 tonnes compared to 5.35 lakh tonnes in the same period of previous year.The monthly soy meal exports have touched an all time low of 7,707 tonnes in January due to higher bean prices in the domestic market. During current Oil year (October-September), total exports during October 2015 to January 2016 stood at 26,520 tonnes as against 4.38 lakh tonnes last year, a fall of 94 per cent.Soymeal is mainly used as feed for poultry, cattle and also as aqua feed. The annual production in India is about 6 million tonnes. India's export of oil meals during January 2016 is reported ever lowest at 17,243 tons, down 91% as compared to 185,654 tons in the same month of previous year, according to data compiled by Solvent Extractors' Association (SEA). The overall export of oil meals during April 2015 to January 2016 is more than halved to 1,005,085 tons. Jeera settled up on reports of supply shortfall and good domestic demand, as new season crop will only come in March. Jeera sowing area in major growing districts of Rajasthan reported down current year due to higher prices alternate crop like Methi seed and low damage risk as compared to Jeera crop. Jodhpur Jeera area reported 130000 hectares as compared to last year 135000 hectares, Nagour Jeera area 37985 hectares as compared to last year 41850 hectares etc.Gujarat has planted more cumin until Jan 25, 2016 compared to last year sowing progress. In Gujarat, jeera is planted about 10.8% more area at 2,95,400 hectares compared to 2,66,700 hectares last year same time. As per Agmarknet data, arrivals of Jeera in Gujarat markets for the calendar year 2015 is lower by 231 % at about 1.28 lt compared to 4.25 lt last year.According to Dept of Commerce data, the export of jeera during first 8 month of 2015-16 (Apr-Nov) is 56,787 tonnes, which is, lower as compared to last year.
  • 5. 5 Fundamental Watch : Cotton COTTON PRICES AT KEY SPOT MARKETNational Market Update Total cotton arrival till January 27 this season remained 144.07 lakh bales (of 170 Kg each), around 30% lower as compared to 206.76 lakh bales previous season during the same period, according to Cotton Corporation of India. According to the industry sources, Cotton Corporation of India (CCI) has auctioned most of its stocks it procured under MSP operation in 2015-14 and currently it is holding 25000 bales (of 170 Kg each) of cotton. India is likely to export 1.24 million tons (around 73 lakh bales of 170 kg each) of cotton in season 2015-16, around 9% higher than the estimates of previous month which was 1.26 million tons and around 36% higher as compared to 0.91 (around 53.76 lakh bales) million tons, the volume it exported in the previous season, according to USDA. India exported 2.29 lakh bales of cotton last week (01 Feb-07 Feb 2016), which was 2.23 lakh bales previous to last week (25 Jan-31 Jan 2016), according to the data released by IBIS. Imports on the other hand stood 0.104 lakh bales last week, which was 0.069 lakh bales previous to last week. Mahyco Monsanto, a joint venture of US agriculture company Monsanto and Indian counterpart Maharashtra Hybrid seeds Company (Mahyco) has moved to Delhi High Court once again, requesting a stay on the functioning of the a nine member committee formed to set the maximum selling price (MSP)of cotton seed. CENTER 12-Feb-15 11-Jan-15 Change RAJKOT 4775 4710 +65 BHIWANI 4500 4500 UNCH ADAMPUR 4575 4575 UNCH AHMEDABAD 4675 4675 UNCH GONDAL 4630 4630 UNCH GUNTUR NA NA - RAICHUR 4620 4611 +9
  • 6. Technical Outlook 6 BUY CORIANDER APR ABOVE 6825 TARGET 6870 7020 SL BELOW 6760 SELL GUARGUM MAR BELOW 5700 TARGET 5650 5580 SL ABOVE 5760 BUY TURMERIC APRIL ABOVE 8800 TARGET 8844 8904 SL BELOW 8740
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