This document provides a daily commodity report with the following key information: 1) Contact details for HNI & NRI sales teams in Australia and the US, as well as toll free numbers and email addresses for queries. 2) Market views on various commodities like dhaniya, castorseed, turmeric, and guargum including short term trends and support and resistance levels. 3) Details on the most active contracts, top gainers and losers for the day across various commodities. 4) Commodity news on schemes for food processing, demand and price trends for guarseed, turmeric, chana and mustard seed.

1. DAILYAGRI COMMODITY REPORT
17 December 2014
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
JAN 13050 13189 12925 12932 -0.65 12050
INTRADAY
LEVELS
SUPPORT SUPP.1
12842
SUPP. 2
12753
PIVOT
13015
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
13104
RES. 2
13277
CASTORSEED
JAN 4735 4835 4700 4714 -0.17 141610
INTRADAY
LEVELS
SUPPORT SUPP. 1
4665
SUPP. 2
4615
PIVOT
4749
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
4799
RES. 2
4883
TURMERIC
APR 8026 8026 7838 7872 -1.33 8505
INTRADAY
LEVELS
SUPPORT SUPP. 1
7798
SUPP. 2
7724
PIVOT
7312
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
7986
RES. 2
8100
GUARGUM
JAN 11830 12050 11420 11420 -3.95 11261
INTRADAY
LEVELS
SUPPORT SUPP. 1
11210
SUPP. 2
11000
PIVOT
11630
Guargum Short term
trend is down,
Expecting price may go
down in coming days.RESISTAN
CE
RES. 1
11840
RES. 2
12260

3. Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TURMERIC 19-12-2014 6794.00 132.00 1.98%
CHANA 19-12-2014 3057.00 49.00 1.63%
RAPESEED-MUSTARD SEED 19-12-2014 4039.00 9.00 0.22%
REFINED SOY OIL 19-12-2014 582.60 0.85 0.15%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 19-12-2014 12302.00 -225.00 -1.80%
BARLEY 19-12-2014 1611.00 -25.50 -1.56%
V 797 KAPAS 31-03-2015 795.00 -11.00 -1.36%
GUR 20-01-2015 963.50 -12.50 -1.28%
COTTON SEED OIL CAKE
AKOLA
20-01-2015 1409.00 -10.00 -0.70%
CASTOR SEED NEW 19-12-2014 4665.00 -16.00 -0.34%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4714 4722 -0.17
CHANA 3192 3121 +2.27
CORIANDER 12932 13016 -0.65
GUARGUM 11420 11890 -3.95
JEERA 13195 13195 -
MUSTARD SEED 4065 4032 +0.82
SOYABEAN 3284 3317 -0.99
TURMERIC 7872 7978 -1.33

4. Commodities In News
4
ECONOMIC NEWS
Scheme - National Mission on Food Processing (NMFP) w.e.f.
1.4.2012 and the same is being implemented through State/UT
Governments. Under the above scheme, financial assistance in
the form of grant-in- aid is provided to the interested and
eligible entrepreneurs at 25% of the cost of Plant & Machinery
and Technical Civil Works subject to a maximum of Rs. 50
lakhs in general areas and 33.33% subject to a maximum of Rs.
75 lakhs in difficult areas and 50% subject to a maximum of
Rs.100 lakh for N.E States, for setting up of new food
processing units as well as Technological Upgradation and
Expansion of their existing units for facilitating processing of
agricultural produce including Millet Grains.In order to promote
value addition in various agricultural produce including
preparation of food products with millet grains, the Ministry of
Food Processing Industries is also implementing another
Scheme titled “Quality Assurance, Codex Standards, Research
and Development and Promotional Activities”. Under this
scheme, one of the components is Research and Development,
with an objective to enable development of new food products
including the products prepared with Millet grains and also use
of cost effective technologies for making such products.The
scheme provides financial assistance (grant) to Universities,
Indian Institute of Technologies, Central/State Government
Institutions, Public and Private Funded Organizations and CSIR
recognized R&D units in private sector for facilitating Research
and Development for value addition in food products including
the products prepared with Millet grains.
Bearish trend continued in guarseed market due to weak demand of
guargum in international market along with supplies in domestic
market. The NCDEX futures declined by 3.08 percent today. The
market sources suggested that export demand of guargum is lacking in
domestic market due to sharp decline in world crude oil markets. The
WTI crude oil slumped under $55 per barrel today on receding global
demand and strong supplies in oil producing countries,Moreover,
arrivals are also strong in the local mandies. The arrivals in major
mandies are hovering around 0.50-0.70 lakh bangs. This has
encouraged selling at higher level.The NCDEX Guarseed January
futures declined by 3.07 percent in the last trading day to close at Rs
4282 per quintal.
Strong demand and poor supplies in local mandies are currently
supporting the turmeric prices. Traders stated that weak production
estimates and receding stocks in local mandies to support prices in the
near term. The total turmeric production is estimated at around 45-47
lakh tonnes in the current year, down 30 percent from the last year due
to weak production in Karnataka and Andhra Pradesh.
Chana prices recovered in local mandies today due to strong buying
by millers.The prices were increased by Rs 20 per quintal to trade at Rs
3110 per quintal. Traders stated that total arrivals were reported at 25
motors , down 45 motors from the last day. The price trend is to remain
supportive on fresh buying by millers and stockiest.
Weakness continued in mustard seed on favourable crop conditions
in growing stated such as Rajasthan and Uttar Pradesh. This has
reduced stockiest buying at current market price. The prices have been
declined by Rs 10 per quintal. The mustard seed oil meal prices were
trading at $264 per quintal, down $5 per tonne from the last day.

5. 5
Fundamental Watch : Sugar
SUGAR PRICES AT KEY SPOT MARKET
National & International Market Update
Steady to weak sentiments recorded in key markets owing to arrival
pressure and weak demand Owing to lower cane availability for the season,
Brazil’s main centre south region had churned only 0.7 million tons of
sugar in the last two weeks of November (2014) which was 46.7% lower
than the figure achieved last year (2013) during the same period. The govt.
of India gave its approval for procurement of ethanol at a rate of Rs 48.50 -
49.50 per liter for blending with petrol. The move is likely to benefit both
the millers and cane farmers in the country who can now demand more
money for their product. India produced 17.81 lakh tons of sugar till 3rd
Nov, 2014 which was 56% higher than the quantity produced during the
same period last year. Similarly, the country also saw an upsurge in the
number of crushing unit s from 262 (in 2013) to 287(in 2014) for the same
duration. 31 sugar mills in Karnataka churned around 3.36 lakh tons of
sugar this year (as on 30th Nov, 2014) compared to 3.28 lakh tons of sugar
a year back. Crushing had also started recently in states like Gujarat which
had produced around 1.6 lakh tons of sugar till 30th Nov, 2014. Cane
crushing started in U.P and the state had churned around 196.86 lakh
quintal of sugarcane to produce16.91 lakh quintal of sugar till 02nd Dec,
2014. Not only this, the cane recovery rate in U.P had also improved from
7.48% in 2013 to 8.59% in 2014. Gur prices surged up today in key
benchmark market owing to lower arrivals compared to prior day.
Owing to lower cane availability for the season, Brazil’s main centre south
region had churned only 0.7 million tons of sugar in the last two weeks of
November (2014) which was 46.7% lower than the figure achieved last year
(2013) during the same period. Notably, a severe draught in Brazil during
early 2014 largely affected crop yield in the country and led early
harvesting of the cane produced.
CENTER 16-Dec-14 15-Dec-14 Change
DELHI 2920 2920 UNCH
DHAMPUR 2860 2860 UNCH
MUMBAI 2972 2980 -8
KOLHAPUR 2675 2675 UNCH
VIJAYWADA 3250 3250 UNCH
NAGPUR 3050 3050 UNCH
KOLKATA NA 2980 -

6. Technical Outlook
6
SELL DHANIYA JAN BELOW 12925 TGTS 12895,12845 SL 12975 BUY GUARGUM JAN ABOVE 11500 TGTS 11550,11650 SL 11410
SELL CASTORSEED JAN BELOW 4680 TGTS 4650,4600 SL 4730 BUY TMC APR ABOVE 7900 TGTS 7950,8050 SL 7810

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.