This daily commodity report from Epic Research India provides market analysis and commentary on various agricultural commodities. It discusses short term trends in dhaniya, castorseed, turmeric and guargum based on technical indicators. It also shares the top gainers and losers, most active contracts, and fundamental news affecting commodities like chana and jeera. The report provides contacts for HNI and NRI sales in Australia and the US, as well as Epic Research's domestic presence and hotline numbers.

1. DAILYAGRI COMMODITY REPORT
20 Feb 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
APR 6695 6772 6570 6595 -3.19 23670
INTRADAY
LEVELS
SUPPORT SUPP.1
6772
SUPP. 2
6570
PIVOT
6772
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
6974
RES. 2
6974
CASTORSEED
MAR 3804 3860 3742 3797 -0.58 42050
INTRADAY
LEVELS
SUPPORT SUPP. 1
3739
SUPP. 2
3682
PIVOT
3800
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
3857
RES. 2
3918
TURMERIC
APR 8830 8958 8726 8878 +1.35 24000
INTRADAY
LEVELS
SUPPORT SUPP. 1
8750
SUPP. 2
8622
PIVOT
8854
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
8982
RES. 2
9086
GUARGUM
MAR 9290 9290 8960 8960 -3.97 6638
INTRADAY
LEVELS
SUPPORT SUPP. 1
8850
SUPP. 2
8740
PIVOT
9070
Guargum Short term
trend is Down,
Expecting price may go
Down in coming days.RESISTAN
CE
RES. 1
9180
RES. 2
9400

3. Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TURMERIC 20-04-2015 8880.00 170.00 1.95%
BARLEY 20-04-2015 1162.00 18.00 1.57%
COTTON SEED OIL CAKE
AKOLA
20-02-2015 1484.00 14.00 0.95%
CHANA 20-02-2015 3610.00 25.00 0.70%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-04-2015 6582.00 -230.00 -3.38%
JEERA 20-02-2015 15200.00 -245.00 -1.59%
CASTOR SEED NEW 20-02-2015 3770.00 -25.00 -0.66%
V 797 KAPAS 27-02-2015 740.00 -4.50 -0.60%
RAPESEED-MUSTARD
SEED
20-04-2015 3360.00 -7.00 -0.21%
SOYABEAN 20-02-2015 3460.00 -5.00 -0.14%
REFINED SOY OIL 20-02-2015 627.20 -0.80 -0.13%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3797 3819 -0.58
CHANA 3694 3722 -0.75
CORIANDER 6595 6812 -3.19
GUARGUM 8960 9330 -3.97
JEERA 15280 15565 -1.83
MUSTARD SEED 3353 3365 -0.39
SOYABEAN 3390 3410 -0.59
TURMERIC 8878 8760 +1.35

4. Commodities In News
4
ECONOMIC NEWS
 India's foodgrain production declined 3.2% to 257.07
million tonnes in the 2014-15 crop year, as per the second
advance estimates, on account of deficient monsoon rains.
Production of rice, coarse cereals and pulses was lower due to
erratic rainfall during the 2014 monsoon season. "As compared
to last year's record production of 265.57 million tonnes,
current year's production of foodgrains is lower by 8.5 million
tonnes,Production exceeded the average of the past five years
by 8.15 million tonnes,Rice production is estimated at 103.04
million tonnes, which is 3.61 million tonnes lower than last
year's record output of 106.65 million tonnes. Production of
wheat is estimated at 95.76 million tonnes, marginally lower
than the record 95.85 million tonnes during 2013-14.Output of
coarse cereals was at 39.83 million tonnes, a drop of 3.46
million tonnes from the previous year.Production of pulses fell
by 1.35 million tonnes to 18.43 million tonnes, while output of
oilseeds dropped 2.92 million tonnes to 29.83 million tonnes.
 Further delay in announcement of export subsidy on raw
sugar will take away the opportunity of raw exports from the
Indian market and many sugar mills will not survive to crush
sugarcane in the coming season, Sugar mills have to produce
raw sugar, for which hardly one to one and a half months are
left in the current season. The mills will produce raw sugar
only after export contracts are finalized. Therefore, there is
hardly any time. It has been delayed by over 5 months now.
Till 31st January, 2015, sugar mills in the country produced
only 64000 tons of raw sugar whereas in 2013-14 SS, sugar
mills had already produced 7.93 lac tons of raw sugar till 31st
January, ex-mill prices in the domestic market have declined
by Rs. 5-6 per kilo, and are at its lowest in the last 3-4 years.
 Chana prices soared further today. Strong demand continues to
emerge in the commodity. Poor rabi sowing data continue to support
Chana prices. Old stock Chana is not witnessing much demand. The
major producing belt in northern states has witnessed decent rainfall in
last few days, boosting hopes of excellent yields. Delhi Spot prices are
trading at Rs 3560 per quintal today, up Rs 60 per quintal on the day.
The area under sowing of Gram is at 83.93 lakh hectares this year while
the last year's figure was 99.27 lakh hectares- down 15.45%. Area
coverage under Total Pulses is at 138.68 lakh hectares while the last
year's sowing area coverage was 154.49 lakh hectares - down 10.23%.
The arrivals soared today as traders tried to sell off their old stocks.
Total arrivals were 85 trucks in Delhi.
 Spot Jeera is well supported. A 40% projected drop in India's
production and improving demand scenario will keep prices supported
for the commodity. Output have fallen this year as farmers shifted to
some other crops on lower Jeera prices last year amid poor yield on bad
weather. Arrivals in Unjha were 8000 bags today out of which 600 were
from new season. Spot prices trade at Rs 15540 per quintal, almost
unchanged on the day. These are the highest levels in nearly one month
for the commodity.
 Castor seed is witnessing frail moves as the spot markets reel lower.
The commodity has been pressurized in last few months on heavy
domestic stocks. Spot prices are lingering at Rs 3800 per quintal in Disa-
down Rs 60 per quintal on the day. These are the lowest levels in around
nine months for the commodity. Castor meal exports have also been hit.
The overall exports of Castormeal stood at 330082 tonnes in April-
December 2014- down 20% on year.

5. 5
Fundamental Watch :Chana
CHANA ARRIVALS AT KEY SPOT MARKET
National Market Update
 Pulses market noticed mixed tone today.2nd Advance Estimates of
Production of Pulses for 2014-15, Total Pulses Down 4.3%, Chana & Tur each
Down by 16% In 2014-15, the Production of pulses estimated at 18.43 million
tonnes is lower by 4.36% from 19.5 million tonnes produced in 2013-14.India
is likely to harvest 16% lower chana in 2014-15 from last year on lower
planted area (down 16% Y-OY). Meanwhile, the decline in tur production due
to erratic rainfall conditions during the monsoon season-2014. Following the
expectation of lower output and rising demand, pulses imports are expected to
rise significantly in year 2015-16.Higher local price and duty free import of
Chana (till March 31) has made the imports viable and has raised the same in
the country. According to Ministry of Agriculture, total rabi pulses acreage till
Feb. 13, 2015 is down by 10.04% to 145.92 lakh hectare (Ha.) as compared
with last year’s area coverage of 162.21 lakh hectare during the corresponding
week. pulses import stood 3.03 million tonnes in during the period of April-
November 2014 which was 2.42 million tonnes during the corresponding
period last year. IPGMA forecasted pulse imports to stand around 3.7-3.8
million tonnes in the ongoing financial year and around 4 million tonnes in the
next year.
French Field Pea Dec.14 Export Up M-O-M, Down Y-O-Y.France field pea
exports in December , 2014 up by 70% to 13205 MT from 7815 MT shipped
in previous month , but down by 32% from 19625 MT shipped during
Dec.,2013.The shipments during this season is down by 43% to 58815 MT.
Canada-Korea FTA to Eliminate Tariff on Pulses. The Canada-Korea Free
Trade Agreement (CKFTA),which entered into force on January 1, 2015, will
create new opportunities for Canadian farmers in the Korean market.
According to the Canadian government, the CKFTA will eliminate tariffs on
over 97 percent of Canadian agricultural exports to Korea and on 86.8 percent
of agricultural tariff lines.
CENTER 19-Feb-15 18-Feb-15 Change
ALWAR 400 600 -200
ASHOK
NAGAR
800 NA -
KOTA 600 500 +100
SEDAM 3000 NA -
VIJAYAWADA 2000 NA -
NAGPUR NA 800 -
RAIPUR 2500 3000 -500

6. Technical Outlook
6
SELL DHANIYA APR BELOW 8950 TGTS 8900,8800 SL 9950 SELL GUARGUM MAR BELOW 6570 TGTS 6540,6490 SL 6620
SELL CASTORSEED MAR BELOW 3760 TGTS 3730,3680 SL 3810 BUY TMC APR ABOVE 8960 TGTS 9010,9110 SL 8860

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