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DAILYAGRI COMMODITY REPORT
19 January 2015
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Alternate: +91 731 664 2320
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Our Presence
YOUR MINTVISORY 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 7300 7534 7200 7457 +2.93 15240
INTRADAY
LEVELS
SUPPORT SUPP.1
7260
SUPP. 2
7063
PIVOT
7397
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
7594
RES. 2
7731
CASTORSEED
FEB 4621 4239 4566 4567 -1.34 28480
INTRADAY
LEVELS
SUPPORT SUPP. 1
4542
SUPP. 2
4518
PIVOT
4591
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
4615
RES. 2
4664
TURMERIC
APR 9028 9180 8802 8972 -1.64 17795
INTRADAY
LEVELS
SUPPORT SUPP. 1
8789
SUPP. 2
8607
PIVOT
8985
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
9167
RES. 2
9363
GUARGUM
FEB 11000 11320 11760 11220 +1.63 10120
INTRADAY
LEVELS
SUPPORT SUPP. 1
10880
SUPP. 2
10540
PIVOT
11100
Guargum Short term
trend is Down,
Expecting price may go
Down in coming days.RESISTAN
CE
RES. 1
11440
RES. 2
11660
Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-01-2015 10970.00 37.00 0.34%
BARLEY 20-01-2015 1605.00 5.50 0.34%
REFINED SOY OIL 20-01-2015 674.80 1.50 0.22%
COTTON SEED OIL CAKE
AKOLA
20-01-2015 1440.00 1.00 0.07%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CASTOR SEED NEW 20-01-2015 4670.00 -84.00 -1.77%
TURMERIC 20-04-2015 8972.00 -150.00 -1.64%
JEERA 20-01-2015 16065.00 -210.00 -1.29%
GUR 20-01-2015 970.00 -12.00 -1.22%
CHANA 20-01-2015 3431.00 -41.00 -1.18%
RAPESEED-MUSTARD SEED 20-01-2015 4021.00 -18.00 -0.45%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4567 4629 -1.34
CHANA 3364 3454 -2.61
CORIANDER 7457 7245 2.93
GUARGUM 11220 11040 1.63
JEERA 16220 16455 -1.43
MUSTARD SEED 3452 3483 -0.89
SOYABEAN 3476 3491 -0.43
TURMERIC 8972 9122 -1.64
Commodities In News
4
ECONOMIC NEWS
Cotton Corporation of India will commence the selling of procured
cotton from next week. CCI has so far purchased around 44 lakh bales
of cotton under the Minimum Support Price(MSP) scheme.The
procured cotton will be sold via an e-auction on a centralised portal.
Around 150-200 traders register on the portal and registrations are
open to all, BK Mishra, MD, CCI told Financial Express.India's export
prospects were hurt by China’s decision to place an import quota.
India exports nearly 60 per cent of its cotton to China, the world’s
largest importer, which has a stockpile nearly 63 million cotton
bales.Cotton prices have plunged below the minimum support price
(MSP) fixed by the government in many growing states. Concerned
over the price crash, the Modi government asked Cotton Corporation
of India(CCI) to protect the interest of farmers by ensuring
procurement of cotton at Minimum Support Price (MSP) in the four
cotton growing States, namely, Telangana, Andhra Pradesh,
Maharashtra and Gujarat.The Indian Cotton Federation(ICF) has
maintained its previous estimate of Cotton crop made in November
2014. As per the estimate, the Cotton crop for the 2014-14(October-
September) will be at 406 lakh bales.Among the Cotton producing
states Gujarat will top the list with 120 lakh bales.
The Cabinet Committee on Economic Affairs (CCEA) today
approved a Rs 10 per quintal increase in the fair and remunerative
price (FRP) for sugarcane to Rs 230 for the 2015-16 season (October-
September). The FRP is the minimum price that sugarcane farmers are
legally guaranteed. However, state governments are free to fix their
own state advised price (SAP) and millers can offer any price above
the FRP. The government has fixed sugarcane price at Rs 220 per
quintal for the current 2014-15 season. "The CCEA has approved the
FRP of sugarcane payable by sugar mills for the 2015-16 sugar season
to be fixed at Rs 230 per quintal.
Chana prices were down by 1.53 per cent to Rs 3,401 per quintal in futures
trade today as speculators trimmed positions, amid sluggish domestic
demand and adequate stocks position.At the National Commodity and
Derivative Exchange, chana for delivery in February fell by Rs 53, or 1.53
per cent to Rs 3,401 per quintal with an open interest of 1,12,860 lots.The
January contract declined by Rs 31, or 0.89 per cent to Rs 3,441 per quintal
in 11,860 lots. offloading by speculators due to subdued demand in the spot
market against adequate stocks position on increased supplies from
producing belts mainly led to the fall in chana prices at futures trade.The
prices are trading at Rs 3400-3420 per quintal, down Rs 25 from the last
day. However, traders are expecting strong surge in chana prices in the next
marketing season due to limited supplies of old and new crop.
Selling continued in coriander prices as prices declined by almost Rs 120
per quintal at Kota and other mandies due to favourable rainfall in major
coriander states Madhya Pradesh and Rajasthan. Traders are expecting
further selling in the near term.Bearish trend is likely to continue in
coriander market due to strong production estimates in the current year
along with limited export demand. The NCDEX April futures to test 7100-
7120 levels in the near term. The prices will also be pressurized by heavy
stockiest selling at higher levels as traders have liquidated their stocks with
the anticipation of further decline during March to April period.As per
market sources, the total production in the current year is likely to reach
150-160 lakh tonnes, 40-50 percent from the previous year. This was mainly
due to higher price realization coupled with favourable weather conditions
for coriander crop.
Selling was seen in mustard seed market due to limited demand by
stockiest in local mandies. However, the possible delay in new mustard seed
will add some buying in local mandies. Traders added that strong demand in
edible oils and Mustard Meal demand have been the supporting factors for
Mustard seed and oil at lower levels.
5
Fundamental Watch :Cotton
COTTON ARIVALS AT KEY SPOT MARKETNational Market Update
Cotton market noticed mixed tone on Friday. Cotton Corporation of India
(CCI) is likely to commence the sale of cotton from next week, which it
procured from various centers across the country at MSP. CCI has procured
around 44 lakh bales of cotton till date and according to the officials it should
exceed procurement of 60 lakh bales worth Rs. 12000 crore by March this
year. It should be noted that the procurement target of 60 lakh bales is highest
since 2008-09 when the corporation procured around 90 lakh bales. CCI will
sell the cotton as per the market demand. Although the basic arrangements for
sale have been made, the final decision on the same would be taken after
January 20. Tamil Nadu based Southern India Mills Association (SIMA), the
largest spinning mills association in India,has requested the centre to instruct
Cotton Corporation of India (CCI) to commence procurement and commercial
operation in the state. Since last 20 years, CCI has not executed any MSP
operation as the state was among the lowest cotton producing region, but this
season Tamil Nadu is likely to five lakh bales of cotton in winter and one lakh
bale in continuing summer season.
United state department of agriculture (USDA) has given its final approval
to herbicide-tolerant GMO crops (Cotton and Soybean) to be used with new
herbicide, developed by Monsanto Co. According to Monsanto the same
combination of crop and herbicide will help growers to control weed invasion
in crop field that will ultimately boost the yield. Although Monsanto got
approval from USDA, it still needs final approval from Environmental
Protection Agency for the herbicide it has developed to be used by crops.
Announcement of global growth forecast by World Bank has severely affected
the cotton prices. Cotton prices touched the seven week low level yesterday as
World Bank lowered global growth forecast to 3% for 2015, which was earlier
projected 3.4%. World cotton export are likely to be around 7.401 million
tonnes in season 2014-15.
CENTER 16-Jan-15 15-Jan-15 Change
AMRAVATI 13400 12800 +600
MAHESANA 12500 NA -
RAJKOT 4000 2800 +1200
PATAN 14050 7126 +6924
DEESA 1800 635 +1165
BHIWANI 3000 1500 +1500
GONDAL 2019 1443 +576
Technical Outlook
6
SELL DHANIYA APR BELOW 7430 TGTS 7400,7350 SL 7480 BUY GUARGUM FEB ABOVE 11350 TGTS 11400,11500 SL 11260
SELL CASTORSEED FEB BELOW 4550 TGTS 4520,4470 SL 4600 BUY TMC APR ABOVE 9150 TGTS 9200,9300 SL 9060
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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
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transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.
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Epic research daily agri report 19 jan 2015

  • 1. DAILYAGRI COMMODITY REPORT 19 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 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 APR 7300 7534 7200 7457 +2.93 15240 INTRADAY LEVELS SUPPORT SUPP.1 7260 SUPP. 2 7063 PIVOT 7397 Dhaniya short term trend is down, further more downside is expected in comimg days. RESISTAN CE RES. 1 7594 RES. 2 7731 CASTORSEED FEB 4621 4239 4566 4567 -1.34 28480 INTRADAY LEVELS SUPPORT SUPP. 1 4542 SUPP. 2 4518 PIVOT 4591 Castorseed short term trend is down, Prices expected to go down in coming days.RESISTAN CE RES. 1 4615 RES. 2 4664 TURMERIC APR 9028 9180 8802 8972 -1.64 17795 INTRADAY LEVELS SUPPORT SUPP. 1 8789 SUPP. 2 8607 PIVOT 8985 Turmeric short term trend is up and may continue in coming days.RESISTAN CE RES. 1 9167 RES. 2 9363 GUARGUM FEB 11000 11320 11760 11220 +1.63 10120 INTRADAY LEVELS SUPPORT SUPP. 1 10880 SUPP. 2 10540 PIVOT 11100 Guargum Short term trend is Down, Expecting price may go Down in coming days.RESISTAN CE RES. 1 11440 RES. 2 11660
  • 3. Most Active Contract 3 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CORIANDER 20-01-2015 10970.00 37.00 0.34% BARLEY 20-01-2015 1605.00 5.50 0.34% REFINED SOY OIL 20-01-2015 674.80 1.50 0.22% COTTON SEED OIL CAKE AKOLA 20-01-2015 1440.00 1.00 0.07% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CASTOR SEED NEW 20-01-2015 4670.00 -84.00 -1.77% TURMERIC 20-04-2015 8972.00 -150.00 -1.64% JEERA 20-01-2015 16065.00 -210.00 -1.29% GUR 20-01-2015 970.00 -12.00 -1.22% CHANA 20-01-2015 3431.00 -41.00 -1.18% RAPESEED-MUSTARD SEED 20-01-2015 4021.00 -18.00 -0.45% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 4567 4629 -1.34 CHANA 3364 3454 -2.61 CORIANDER 7457 7245 2.93 GUARGUM 11220 11040 1.63 JEERA 16220 16455 -1.43 MUSTARD SEED 3452 3483 -0.89 SOYABEAN 3476 3491 -0.43 TURMERIC 8972 9122 -1.64
  • 4. Commodities In News 4 ECONOMIC NEWS Cotton Corporation of India will commence the selling of procured cotton from next week. CCI has so far purchased around 44 lakh bales of cotton under the Minimum Support Price(MSP) scheme.The procured cotton will be sold via an e-auction on a centralised portal. Around 150-200 traders register on the portal and registrations are open to all, BK Mishra, MD, CCI told Financial Express.India's export prospects were hurt by China’s decision to place an import quota. India exports nearly 60 per cent of its cotton to China, the world’s largest importer, which has a stockpile nearly 63 million cotton bales.Cotton prices have plunged below the minimum support price (MSP) fixed by the government in many growing states. Concerned over the price crash, the Modi government asked Cotton Corporation of India(CCI) to protect the interest of farmers by ensuring procurement of cotton at Minimum Support Price (MSP) in the four cotton growing States, namely, Telangana, Andhra Pradesh, Maharashtra and Gujarat.The Indian Cotton Federation(ICF) has maintained its previous estimate of Cotton crop made in November 2014. As per the estimate, the Cotton crop for the 2014-14(October- September) will be at 406 lakh bales.Among the Cotton producing states Gujarat will top the list with 120 lakh bales. The Cabinet Committee on Economic Affairs (CCEA) today approved a Rs 10 per quintal increase in the fair and remunerative price (FRP) for sugarcane to Rs 230 for the 2015-16 season (October- September). The FRP is the minimum price that sugarcane farmers are legally guaranteed. However, state governments are free to fix their own state advised price (SAP) and millers can offer any price above the FRP. The government has fixed sugarcane price at Rs 220 per quintal for the current 2014-15 season. "The CCEA has approved the FRP of sugarcane payable by sugar mills for the 2015-16 sugar season to be fixed at Rs 230 per quintal. Chana prices were down by 1.53 per cent to Rs 3,401 per quintal in futures trade today as speculators trimmed positions, amid sluggish domestic demand and adequate stocks position.At the National Commodity and Derivative Exchange, chana for delivery in February fell by Rs 53, or 1.53 per cent to Rs 3,401 per quintal with an open interest of 1,12,860 lots.The January contract declined by Rs 31, or 0.89 per cent to Rs 3,441 per quintal in 11,860 lots. offloading by speculators due to subdued demand in the spot market against adequate stocks position on increased supplies from producing belts mainly led to the fall in chana prices at futures trade.The prices are trading at Rs 3400-3420 per quintal, down Rs 25 from the last day. However, traders are expecting strong surge in chana prices in the next marketing season due to limited supplies of old and new crop. Selling continued in coriander prices as prices declined by almost Rs 120 per quintal at Kota and other mandies due to favourable rainfall in major coriander states Madhya Pradesh and Rajasthan. Traders are expecting further selling in the near term.Bearish trend is likely to continue in coriander market due to strong production estimates in the current year along with limited export demand. The NCDEX April futures to test 7100- 7120 levels in the near term. The prices will also be pressurized by heavy stockiest selling at higher levels as traders have liquidated their stocks with the anticipation of further decline during March to April period.As per market sources, the total production in the current year is likely to reach 150-160 lakh tonnes, 40-50 percent from the previous year. This was mainly due to higher price realization coupled with favourable weather conditions for coriander crop. Selling was seen in mustard seed market due to limited demand by stockiest in local mandies. However, the possible delay in new mustard seed will add some buying in local mandies. Traders added that strong demand in edible oils and Mustard Meal demand have been the supporting factors for Mustard seed and oil at lower levels.
  • 5. 5 Fundamental Watch :Cotton COTTON ARIVALS AT KEY SPOT MARKETNational Market Update Cotton market noticed mixed tone on Friday. Cotton Corporation of India (CCI) is likely to commence the sale of cotton from next week, which it procured from various centers across the country at MSP. CCI has procured around 44 lakh bales of cotton till date and according to the officials it should exceed procurement of 60 lakh bales worth Rs. 12000 crore by March this year. It should be noted that the procurement target of 60 lakh bales is highest since 2008-09 when the corporation procured around 90 lakh bales. CCI will sell the cotton as per the market demand. Although the basic arrangements for sale have been made, the final decision on the same would be taken after January 20. Tamil Nadu based Southern India Mills Association (SIMA), the largest spinning mills association in India,has requested the centre to instruct Cotton Corporation of India (CCI) to commence procurement and commercial operation in the state. Since last 20 years, CCI has not executed any MSP operation as the state was among the lowest cotton producing region, but this season Tamil Nadu is likely to five lakh bales of cotton in winter and one lakh bale in continuing summer season. United state department of agriculture (USDA) has given its final approval to herbicide-tolerant GMO crops (Cotton and Soybean) to be used with new herbicide, developed by Monsanto Co. According to Monsanto the same combination of crop and herbicide will help growers to control weed invasion in crop field that will ultimately boost the yield. Although Monsanto got approval from USDA, it still needs final approval from Environmental Protection Agency for the herbicide it has developed to be used by crops. Announcement of global growth forecast by World Bank has severely affected the cotton prices. Cotton prices touched the seven week low level yesterday as World Bank lowered global growth forecast to 3% for 2015, which was earlier projected 3.4%. World cotton export are likely to be around 7.401 million tonnes in season 2014-15. CENTER 16-Jan-15 15-Jan-15 Change AMRAVATI 13400 12800 +600 MAHESANA 12500 NA - RAJKOT 4000 2800 +1200 PATAN 14050 7126 +6924 DEESA 1800 635 +1165 BHIWANI 3000 1500 +1500 GONDAL 2019 1443 +576
  • 6. Technical Outlook 6 SELL DHANIYA APR BELOW 7430 TGTS 7400,7350 SL 7480 BUY GUARGUM FEB ABOVE 11350 TGTS 11400,11500 SL 11260 SELL CASTORSEED FEB BELOW 4550 TGTS 4520,4470 SL 4600 BUY TMC APR ABOVE 9150 TGTS 9200,9300 SL 9060
  • 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.