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DAILY AGRI COMMODITY REPORT
20 October 2015
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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
NOV 8020 8266 7962 8242 +2.79 12690
INTRADAY
LEVELS
SUPPORT SUPP. 1
8047
SUPP. 2
7852
PIVOT
8157
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
8351
RES. 2
8461
CORIANDER
NOV 12000 12133 11930 11974 -0.48 9810
INTRADAY
LEVELS
SUPPORT SUPP.1
11892
SUPP. 2
11809
PIVOT
12012
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
12095
RES. 2
12215
GUARGUM
NOV 8570 8570 8040 8240 -2.02 12285
INTRADAY
LEVELS
SUPPORT SUPP. 1
7997
SUPP. 2
7753
PIVOT
8283
Guargum short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
8527
RES. 2
8813
CASTORSEED
NOV 4100 4175 4095 4154 +1.00 61720
INTRADAY
LEVELS
SUPPORT SUPP. 1
4108
SUPP. 2
4061
PIVOT
4141
Castorseed short term
trend is bearish and
May continue in
coming day.RESISTAN
CE
RES. 1
4188
RES. 2
4221
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4030 3975 +1.38
CHANA 5005 5212 -3.97
CORIANDER 11750 11802 -0.44
GUARGUM 8070 8280 -2.54
JEERA 15800 16130 -2.05
MUSTARD
SEED
4785 4908 -2.51
SOYABEAN 3904 3995 -2.28
TURMERIC 8150 7946 +2.57
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
SOYABEAN 20-10-2015 3887.00 -183.00 -4.50%
CHANA 20-10-2015 5005.00 -206.00 -3.95%
RAPESEED-MUSTARD
SEED
20-10-2015 4785.00 -192.00 -3.86%
JEERA 20-10-2015 15735.00 -465.00 -2.87%
REFINED SOY OIL 20-10-2015 632.00 -8.50 -1.33%
CORIANDER 20-10-2015 11715.00 -55.00 -0.47%
SOYABEAN 20-10-2015 3887.00 -183.00 -4.50%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CASTOR SEED NEW 20-10-2015 4018.00 27.00 0.68%
COTTON SEED OIL CAKE
AKOLA
18-12-2015 1697.00 11.00 0.65%
TURMERIC 20-10-2015 7998.00 20.00 0.25%
BARLEY 20-11-2015 1384.50 0.50 0.04%
Commodities In News
4
ECONOMIC NEWS
State-owned MMTC invited bids from local players for sale of 1,000
tonnes of imported onions in the domestic market.State-run MMTC has
imported onions from China and Egypt to boost domestic supply and check
rising prices.According to the tender, MMTC is offering 500 tonnes each
of imported onions of Chinese and Egyptian origin for sale in the domestic
market.Bids should be submitted by October 21 and remain valid up to
October 26.Bidders should lift imported onions from Mumbai. MMTC said
it will pay all applicable charges to container freight stations (CFS) or
shipping line till the stipulated delivery time period of four days from the
date of award of tender.Thereafter, all the charges for taking delivery from
CFS should be borne by the successful bidder, MMTC said.Onion prices,
which had shot up to Rs 80/kg in August in most retail markets across the
country due to supply crunch, have now declined to Rs 40-50/kg following
several government measures including curbs on exports.The sale of
imported onions is expected to cool down further onion prices.
To prevent hoarding of pulses and check price rise, the Centre imposed
stock limits on pulses held by licenced food processors, importers,
exporters as well as large departmental retailers such as Big Bazaar.It has
also directed state governments to intensify anti-hoarding operations and
keep a check on black-marketing and profiteering by traders.The stock
limits on holding of pulses have been in place for the last few years.
Recently, while extending the stock limits on the commodity for one more
year till September 2016, the government had exempted these four
categories."To increase availability and prevent hoarding of pulses,
government amended the central order under Essential Commodities Act,
1955 with immediate effect to enable imposition of stock limits on pulses
sourced from imports, stocks held by exporters."... stocks to be used as
raw-materials by licenced food processors and stocks of large departmental
retailers," Food Ministry said in a statement.The government has now
withdrawn exemptions to stocks of pulses held by these four categories.
Jeera settled down amid profit booking after gaining due to good
festival demand at the spot market. The jeera export from India may
surge in coming months as Jeera from Syria and Turkey may be
exported to the world market, and now the preferred location would be
India. According to Govt data, exports for 2015-16 shows a decline
trend compared to last year until September. As per Department of
commerce data, exports from India in first four months of FY 2015-16
is 31,419 MT.As per latest spice board press release, cumin export is
stood at 155,500 tonnes for 2014-15 period and earned foreign
exchange worth Rs 1,838.20 crore while in 2013- 14, the figures stood
at 121,500 tonnes valued at Rs 1,600 crore. As per fourth advance
estimate of Gujarat State, production is expected at 1.58 lt in 2014-15,
which is 54.3 % lower, compared to last years’ production of 3.46 lakh
tonnes. Jeera sowing recorded 2.64 lh, 42% less sowing compared to
last year’s 4.54 lh in Gujarat last year.There is concern over production
due to untimely rainfall in March in Gujarat and Rajasthan. As per
Government data, 2.41 lh of cumin crop is damaged in Rajasthan.
Ref Soya oil settled down tracking weakness in spot demand amid
due to oversupply woes. 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 soy oil 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. 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 : Castorseed
CASTORSEED PRICES AT KEY SPOT
MARKET
National Market Update
Agriculture statistics Division, DES has released its 1st Adv estimates of
Production of food-grains for 2015-16 on 16.09.2015.It has estimated 19.44
lakh tonne seed production this year. The production target for 2015-16 has
been fixed at 20.34 lakh ton. India has produced 19.63 lakh tonne castor seed
in 2014-15 as per revised 1st Adv estimate. Private trade estimate for the year
is much lower and is between 15 to 16 lakh tonne for 2015-16.However,it is
too early to talk about the final size as sowing is just over.
The LYNN Castor Oil Company from Taiwan has submitted a proposal to
grow castor seed in 1500 ha. in collaboration with the farmers of Telangana.
The company would establish a modern castor oil crushing unit there too.
Currently castor yield is around 1500 kg per ha.it can be increased to 7500 kg
per ha if high brid seed is used with proper agriculture application.
Castor coverage area as on 8th Oct-2015 was reported at 11.02 lakh ha,
higher by 0.82 lakh ha from corresponding date last year.I t was registered at
10.19 lakh ha on 8th oct-2014.Rajasthan has covered 1.98 lakh ha, higher
by32.89 percent from last year. Gujarat has covered 6.4 percent higher area to
7.81 lakh ha. Coverage area has increased by6.67 percent to 0.48 percent.
Castor Oil export increased by 112 percent week ending11th Oct-
2015.Export volume increased from5784 to12291 tonne. However price
realization declined by 2.51 percent from last week. Market may trade steady
to slightly firm.
India Castor oil in Rotterdam increased from $1525 to $1540 per tonne in
last one week and may trade up in the weeks ahead. It was being traded at
$1500 per tonne in Sept, 2015.
CENTER 19-Oct-15 17-Oct-15 Change
SUMERPUR 3825 3825 UNCH
PATAN 4025 3960 +65
MEHSANA 3960 3970 -10
BHABAR 3975 3955 +20
HARJI 4000 3950 +50
RAJKOT 3825 3810 +15
KADI Closed 3960 -
Technical Outlook
6
SELL CORIANDER NOV BELOW 11925 TARGET 11897 11817 SL
ABOVE 11952
BUY GUARGUM NOV ABOVE 8280 TARGET 8330 8400 SL
BELOW 8220
BUY TURMERIC NOV ABOVE 8270 TARGET 8314 8374 SL
BELOW 8210
SELL CASTORSEED NOV BELOW 4150 TARGET 4125 4095 SL
ABOVE 4175
Disclaimer
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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
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.
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Epic research daily agri report 20 oct 2015

  • 1. DAILY AGRI COMMODITY REPORT 20 October 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 NOV 8020 8266 7962 8242 +2.79 12690 INTRADAY LEVELS SUPPORT SUPP. 1 8047 SUPP. 2 7852 PIVOT 8157 Turmeric short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 8351 RES. 2 8461 CORIANDER NOV 12000 12133 11930 11974 -0.48 9810 INTRADAY LEVELS SUPPORT SUPP.1 11892 SUPP. 2 11809 PIVOT 12012 Coriander short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 12095 RES. 2 12215 GUARGUM NOV 8570 8570 8040 8240 -2.02 12285 INTRADAY LEVELS SUPPORT SUPP. 1 7997 SUPP. 2 7753 PIVOT 8283 Guargum short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 8527 RES. 2 8813 CASTORSEED NOV 4100 4175 4095 4154 +1.00 61720 INTRADAY LEVELS SUPPORT SUPP. 1 4108 SUPP. 2 4061 PIVOT 4141 Castorseed short term trend is bearish and May continue in coming day.RESISTAN CE RES. 1 4188 RES. 2 4221
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 4030 3975 +1.38 CHANA 5005 5212 -3.97 CORIANDER 11750 11802 -0.44 GUARGUM 8070 8280 -2.54 JEERA 15800 16130 -2.05 MUSTARD SEED 4785 4908 -2.51 SOYABEAN 3904 3995 -2.28 TURMERIC 8150 7946 +2.57 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % SOYABEAN 20-10-2015 3887.00 -183.00 -4.50% CHANA 20-10-2015 5005.00 -206.00 -3.95% RAPESEED-MUSTARD SEED 20-10-2015 4785.00 -192.00 -3.86% JEERA 20-10-2015 15735.00 -465.00 -2.87% REFINED SOY OIL 20-10-2015 632.00 -8.50 -1.33% CORIANDER 20-10-2015 11715.00 -55.00 -0.47% SOYABEAN 20-10-2015 3887.00 -183.00 -4.50% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CASTOR SEED NEW 20-10-2015 4018.00 27.00 0.68% COTTON SEED OIL CAKE AKOLA 18-12-2015 1697.00 11.00 0.65% TURMERIC 20-10-2015 7998.00 20.00 0.25% BARLEY 20-11-2015 1384.50 0.50 0.04%
  • 4. Commodities In News 4 ECONOMIC NEWS State-owned MMTC invited bids from local players for sale of 1,000 tonnes of imported onions in the domestic market.State-run MMTC has imported onions from China and Egypt to boost domestic supply and check rising prices.According to the tender, MMTC is offering 500 tonnes each of imported onions of Chinese and Egyptian origin for sale in the domestic market.Bids should be submitted by October 21 and remain valid up to October 26.Bidders should lift imported onions from Mumbai. MMTC said it will pay all applicable charges to container freight stations (CFS) or shipping line till the stipulated delivery time period of four days from the date of award of tender.Thereafter, all the charges for taking delivery from CFS should be borne by the successful bidder, MMTC said.Onion prices, which had shot up to Rs 80/kg in August in most retail markets across the country due to supply crunch, have now declined to Rs 40-50/kg following several government measures including curbs on exports.The sale of imported onions is expected to cool down further onion prices. To prevent hoarding of pulses and check price rise, the Centre imposed stock limits on pulses held by licenced food processors, importers, exporters as well as large departmental retailers such as Big Bazaar.It has also directed state governments to intensify anti-hoarding operations and keep a check on black-marketing and profiteering by traders.The stock limits on holding of pulses have been in place for the last few years. Recently, while extending the stock limits on the commodity for one more year till September 2016, the government had exempted these four categories."To increase availability and prevent hoarding of pulses, government amended the central order under Essential Commodities Act, 1955 with immediate effect to enable imposition of stock limits on pulses sourced from imports, stocks held by exporters."... stocks to be used as raw-materials by licenced food processors and stocks of large departmental retailers," Food Ministry said in a statement.The government has now withdrawn exemptions to stocks of pulses held by these four categories. Jeera settled down amid profit booking after gaining due to good festival demand at the spot market. The jeera export from India may surge in coming months as Jeera from Syria and Turkey may be exported to the world market, and now the preferred location would be India. According to Govt data, exports for 2015-16 shows a decline trend compared to last year until September. As per Department of commerce data, exports from India in first four months of FY 2015-16 is 31,419 MT.As per latest spice board press release, cumin export is stood at 155,500 tonnes for 2014-15 period and earned foreign exchange worth Rs 1,838.20 crore while in 2013- 14, the figures stood at 121,500 tonnes valued at Rs 1,600 crore. As per fourth advance estimate of Gujarat State, production is expected at 1.58 lt in 2014-15, which is 54.3 % lower, compared to last years’ production of 3.46 lakh tonnes. Jeera sowing recorded 2.64 lh, 42% less sowing compared to last year’s 4.54 lh in Gujarat last year.There is concern over production due to untimely rainfall in March in Gujarat and Rajasthan. As per Government data, 2.41 lh of cumin crop is damaged in Rajasthan. Ref Soya oil settled down tracking weakness in spot demand amid due to oversupply woes. 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 soy oil 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. 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 : Castorseed CASTORSEED PRICES AT KEY SPOT MARKET National Market Update Agriculture statistics Division, DES has released its 1st Adv estimates of Production of food-grains for 2015-16 on 16.09.2015.It has estimated 19.44 lakh tonne seed production this year. The production target for 2015-16 has been fixed at 20.34 lakh ton. India has produced 19.63 lakh tonne castor seed in 2014-15 as per revised 1st Adv estimate. Private trade estimate for the year is much lower and is between 15 to 16 lakh tonne for 2015-16.However,it is too early to talk about the final size as sowing is just over. The LYNN Castor Oil Company from Taiwan has submitted a proposal to grow castor seed in 1500 ha. in collaboration with the farmers of Telangana. The company would establish a modern castor oil crushing unit there too. Currently castor yield is around 1500 kg per ha.it can be increased to 7500 kg per ha if high brid seed is used with proper agriculture application. Castor coverage area as on 8th Oct-2015 was reported at 11.02 lakh ha, higher by 0.82 lakh ha from corresponding date last year.I t was registered at 10.19 lakh ha on 8th oct-2014.Rajasthan has covered 1.98 lakh ha, higher by32.89 percent from last year. Gujarat has covered 6.4 percent higher area to 7.81 lakh ha. Coverage area has increased by6.67 percent to 0.48 percent. Castor Oil export increased by 112 percent week ending11th Oct- 2015.Export volume increased from5784 to12291 tonne. However price realization declined by 2.51 percent from last week. Market may trade steady to slightly firm. India Castor oil in Rotterdam increased from $1525 to $1540 per tonne in last one week and may trade up in the weeks ahead. It was being traded at $1500 per tonne in Sept, 2015. CENTER 19-Oct-15 17-Oct-15 Change SUMERPUR 3825 3825 UNCH PATAN 4025 3960 +65 MEHSANA 3960 3970 -10 BHABAR 3975 3955 +20 HARJI 4000 3950 +50 RAJKOT 3825 3810 +15 KADI Closed 3960 -
  • 6. Technical Outlook 6 SELL CORIANDER NOV BELOW 11925 TARGET 11897 11817 SL ABOVE 11952 BUY GUARGUM NOV ABOVE 8280 TARGET 8330 8400 SL BELOW 8220 BUY TURMERIC NOV ABOVE 8270 TARGET 8314 8374 SL BELOW 8210 SELL CASTORSEED NOV BELOW 4150 TARGET 4125 4095 SL ABOVE 4175
  • 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.