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DAILY AGRI COMMODITY REPORT
23 June 2015
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1
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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
JULY 7042 7070 6850 6960 -1.83 15605
INTRADAY
LEVELS
SUPPORT SUPP. 1
6850
SUPP. 2
6740
PIVOT
6960
Turmeric short term
trend is down and May
continue in coming
days.RESISTAN
CE
RES. 1
7070
RES. 2
7180
CORIANDER
JULY 11852 12090 11620 12085 +1.17 80510
INTRADAY
LEVELS
SUPPORT SUPP.1
11773
SUPP. 2
11462
PIVOT
11931
Coriander short term
trend is up and May
continue in coming
days.RESISTAN
CE
RES. 1
12243
RES. 2
12402
GUARGUM
JULY 10150 10150 9550 9710 -4.33 14903
INTRADAY
LEVELS
SUPPORT SUPP. 1
9457
SUPP. 2
9203
PIVOT
9803
Guargum short term
trend is down and May
continue in coming
days.RESISTAN
CE
RES. 1
10057
RES. 2
10403
CASTORSEED
JULY 3996 4009 3923 3986 -0.25 80510
INTRADAY
LEVELS
SUPPORT SUPP. 1
3936
SUPP. 2
3887
PIVOT
3973
Castorseed short term
trend is up and May
continue in coming
days..RESISTAN
CE
RES. 1
4022
RES. 2
4059
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3996 3986 -0.25
CHANA 4237 4187 -1.18
CORIANDER 12085 11945 +1.17
GUARGUM 9710 10150 -3.52
JEERA 15900 15930 -0.19
MUSTARD
SEED
4038 4068 -0.74
SOYABEAN 3459 3507 -1.37
TURMERIC 6960 7090 -1.82
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TURMERIC 20-07-2015 6956.00 -394.00 -5.36%
CHANA 20-07-2015 4192.00 -179.00 -4.10%
SOYABEAN 20-08-2015 3451.00 -129.00 -3.60%
COTTON SEED OIL CAKE
AKOLA
20-07-2015 1802.00 -61.00 -3.27%
JEERA 20-07-2015 15785.00 -465.00 -2.86%
BARLEY 20-07-2015 1225.50 -28.50 -2.27%
RAPESEED-MUSTARD
SEED
20-07-2015 4032.00 -85.00 -2.06%
CASTOR SEED NEW 20-07-2015 3989.00 -65.00 -1.60%
REFINED SOY OIL 20-08-2015 579.25 -2.65 -0.46%
CORIANDER 20-07-2015 12046.00 -34.00 -0.28%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
Commodities In News
4
ECONOMIC NEWS
Amid a supply crunch, retail prices of many pulses have crossed Rs 100
per kg mark in major cities across the country, but the government agencies
are yet to float the tender for their import to check the price.Barring gram
and masoor dal, all major varieties of pulses -- including tur, urad and
moong -- are being sold at prices above Rs 100 per kg in the four metro
cities due to lower production of the key lentils during the last
harvest.Consumers in Mumbai and Chennai are paying the maximum price
for tur, urad and moong, followed by Delhi and Kolkata.Prices have
increased by more than 60 per cent in the last one year as the domestic
production fell by nearly two million tonnes (MT) in 2014-15 crop year
(July-June) due to unfavourable weather conditions.To check the prices,
the government has decided to boost supply by importing pulses in large
quantities, while it has also finalised the modalities for the import through
state-trading agencies like MMTC.However, they are yet to float the import
tenders. The government last week also announced a significant hike in the
MSP of pulses by upto Rs 275/quintal to encourage domestic production
and ensure adequate supply.Though India produces 18-19 million tonnes of
pulses, it also imports 3-4 million tonnes annually to meet the domestic
shortages.According to the data maintained by the Consumer Affairs
Ministry, tur prices in Mumbai and Chennai have increased to Rs 116/kg at
present, from Rs 72-79/kg in the year-ago period, while rates of urad dals
have risen to Rs 121-123/kg from Rs 79-84/kg in the said period.Similarly,
moong prices in these two cities have shot up to Rs 111/kg from Rs 92-
97/kg, while gram dal rates have increased to Rs 68-70/kg from Rs 47-
61/kg in the period under review.In Delhi and Kolkata, consumers are
paying Rs 105-113/kg for tur at present, as against Rs 68-73/kg in the year-
ago period. They are paying Rs 108-112/kg for urad, Rs 103-105/kg for
moong, Rs 84-94/kg for masoor and Rs 64-68/kg for gram.
Jeera futures plunged further on long liquidation by speculators amid
weak export demand periods. NCDEX futures for the July delivery
ended the day at Rs 15,900, down Rs 30 or 0.19% from last close.A
leading trader from Khari Baoli spice market in Delhi reported that Jeera
traded steady in the physical mandis.The export demand is weak
currently as it normally dull period for cumin export orders and expected
to get export orders from August month onwards. He added the futures
market eased on speculative activities.
Guarseed slipped as market players continued to track the cues from
monsoon. The IMD noted in its latest weekly update that conditions are
favourable for further advance of southwest monsoon into remaining
parts of north Arabian sea, Gujarat state, Chhattisgarh, Jharkhand, entire
Bihar, Uttarakhand, Himachal Pradesh, Jammu & Kashmir, most parts of
Madhya Pradesh and some parts of Uttar Pradesh, Punjab, Haryana,
Chandigarh & Delhi and Rajasthan during next 3-4 days. Some parts in
Rajasthan continue to witness good rains and traders took it as a good
sign for the current season's harvest. Guargum demand is fairly weak as
well. The guarseed prices in Jodhpur are lingering at Rs 4045 per
quintal, down Rs 180 per quintal on the day.
Turmeric dropped more than Rs 100 on monday, quoting around Rs
7370 per quintal in Nizamabad on limited demand by exporters. Traders
also noted that rainfall was reported in some parts of Andhra Pradesh
and Karnataka. Traders are expecting the total production in the range of
50-52 lakh bags in the previous year, down 20 lakh bags. Sources also
stated that around 68 lakh bags of total stocks have been reported in
local mandies. The current prices are lowest in six months.
5
Fundamental Watch : Cotton
COTTON ARRIVALS AT KEY SPOT
MARKET
National Market Update
Minimum Support Price (MSP) of cotton has been revised upwardly for the
year 2015-16 by Cabinet Committee on Economic Affairs (CACP) by Rs 50
for each of Medium and Long staple. The MSP of Medium staple cotton has
been revised to Rs 3800 per quintal for 2015-16 which was Rs. 3750 in 2014-
15. Similarly, the MSP for Long staple has been revised to Rs. 4100 for the
upcoming season 2015-16, which was Rs 4050 in the current season.
Cotton Corporation of India (CCI) has started floating the global tender for
cotton export to Bangladesh. The tender earlier did not attract the mush
attention as the prices quoted by CCI was 76-77 cents whereas the working
price of the exporters is 68-70 cents since the Rupee has appreciated to 62.15
from 62.70 against the dollar. CCI is now working on the better and revised
pricing strategy to drag down the price to 70 cents for the overseas buyers.
Cotton consumption in India is likely to increase by around 5.09% in the
coming season i.e. 2015-16 to 5.606 million tones as compared to 5.334
million tones in the current season, said USDA. Consumption on global front
too is likely to increase by around 3.44% to 25.10 million tones in 2015-16 as
compared to 24.27 million tones in current season.
World cotton production estimates for the season 2015-16 has been
upwardly revised by USDA. Cotton production on global front is likely to
stand around 24.238 million tons in the coming season around 0.07% higher
when compared to the estimates of previous month which was 24.222 million
tons and around 6.34% lower when compared to the production of current
month.
CENTER 22-June-15 20-June-15 Change
RAJKOT 4555 4550 +5
BHIWANI 4750 4750 UNCH
ADAMPUR 4760 4760 UNCH
AHMEDABAD 4500 NR -
GONDAL 4540 4560 -20
GUNTUR NS 4050 -
RAICHUR 4670 4665 +5
Technical Outlook
6
BUY CORIANDER JULY ABOVE 12210 TARGET 12235 12275 SL
BELOW 12180
SELL GUARGUM JULY BELOW 9550 TARGET 9500 9440 SL
ABOVE 9610
SELL TURMERIC JULY BELOW 6850 TARGET 6810 6750 SL
ABOVE 6910
BUY CASTORSEED JULYABOVE 4012 TARGET 4037 4067 SL
BELOW 3982
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 23rd june 2015

  • 1. DAILY AGRI COMMODITY REPORT 23 June 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 JULY 7042 7070 6850 6960 -1.83 15605 INTRADAY LEVELS SUPPORT SUPP. 1 6850 SUPP. 2 6740 PIVOT 6960 Turmeric short term trend is down and May continue in coming days.RESISTAN CE RES. 1 7070 RES. 2 7180 CORIANDER JULY 11852 12090 11620 12085 +1.17 80510 INTRADAY LEVELS SUPPORT SUPP.1 11773 SUPP. 2 11462 PIVOT 11931 Coriander short term trend is up and May continue in coming days.RESISTAN CE RES. 1 12243 RES. 2 12402 GUARGUM JULY 10150 10150 9550 9710 -4.33 14903 INTRADAY LEVELS SUPPORT SUPP. 1 9457 SUPP. 2 9203 PIVOT 9803 Guargum short term trend is down and May continue in coming days.RESISTAN CE RES. 1 10057 RES. 2 10403 CASTORSEED JULY 3996 4009 3923 3986 -0.25 80510 INTRADAY LEVELS SUPPORT SUPP. 1 3936 SUPP. 2 3887 PIVOT 3973 Castorseed short term trend is up and May continue in coming days..RESISTAN CE RES. 1 4022 RES. 2 4059
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 3996 3986 -0.25 CHANA 4237 4187 -1.18 CORIANDER 12085 11945 +1.17 GUARGUM 9710 10150 -3.52 JEERA 15900 15930 -0.19 MUSTARD SEED 4038 4068 -0.74 SOYABEAN 3459 3507 -1.37 TURMERIC 6960 7090 -1.82 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % TURMERIC 20-07-2015 6956.00 -394.00 -5.36% CHANA 20-07-2015 4192.00 -179.00 -4.10% SOYABEAN 20-08-2015 3451.00 -129.00 -3.60% COTTON SEED OIL CAKE AKOLA 20-07-2015 1802.00 -61.00 -3.27% JEERA 20-07-2015 15785.00 -465.00 -2.86% BARLEY 20-07-2015 1225.50 -28.50 -2.27% RAPESEED-MUSTARD SEED 20-07-2015 4032.00 -85.00 -2.06% CASTOR SEED NEW 20-07-2015 3989.00 -65.00 -1.60% REFINED SOY OIL 20-08-2015 579.25 -2.65 -0.46% CORIANDER 20-07-2015 12046.00 -34.00 -0.28% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE %
  • 4. Commodities In News 4 ECONOMIC NEWS Amid a supply crunch, retail prices of many pulses have crossed Rs 100 per kg mark in major cities across the country, but the government agencies are yet to float the tender for their import to check the price.Barring gram and masoor dal, all major varieties of pulses -- including tur, urad and moong -- are being sold at prices above Rs 100 per kg in the four metro cities due to lower production of the key lentils during the last harvest.Consumers in Mumbai and Chennai are paying the maximum price for tur, urad and moong, followed by Delhi and Kolkata.Prices have increased by more than 60 per cent in the last one year as the domestic production fell by nearly two million tonnes (MT) in 2014-15 crop year (July-June) due to unfavourable weather conditions.To check the prices, the government has decided to boost supply by importing pulses in large quantities, while it has also finalised the modalities for the import through state-trading agencies like MMTC.However, they are yet to float the import tenders. The government last week also announced a significant hike in the MSP of pulses by upto Rs 275/quintal to encourage domestic production and ensure adequate supply.Though India produces 18-19 million tonnes of pulses, it also imports 3-4 million tonnes annually to meet the domestic shortages.According to the data maintained by the Consumer Affairs Ministry, tur prices in Mumbai and Chennai have increased to Rs 116/kg at present, from Rs 72-79/kg in the year-ago period, while rates of urad dals have risen to Rs 121-123/kg from Rs 79-84/kg in the said period.Similarly, moong prices in these two cities have shot up to Rs 111/kg from Rs 92- 97/kg, while gram dal rates have increased to Rs 68-70/kg from Rs 47- 61/kg in the period under review.In Delhi and Kolkata, consumers are paying Rs 105-113/kg for tur at present, as against Rs 68-73/kg in the year- ago period. They are paying Rs 108-112/kg for urad, Rs 103-105/kg for moong, Rs 84-94/kg for masoor and Rs 64-68/kg for gram. Jeera futures plunged further on long liquidation by speculators amid weak export demand periods. NCDEX futures for the July delivery ended the day at Rs 15,900, down Rs 30 or 0.19% from last close.A leading trader from Khari Baoli spice market in Delhi reported that Jeera traded steady in the physical mandis.The export demand is weak currently as it normally dull period for cumin export orders and expected to get export orders from August month onwards. He added the futures market eased on speculative activities. Guarseed slipped as market players continued to track the cues from monsoon. The IMD noted in its latest weekly update that conditions are favourable for further advance of southwest monsoon into remaining parts of north Arabian sea, Gujarat state, Chhattisgarh, Jharkhand, entire Bihar, Uttarakhand, Himachal Pradesh, Jammu & Kashmir, most parts of Madhya Pradesh and some parts of Uttar Pradesh, Punjab, Haryana, Chandigarh & Delhi and Rajasthan during next 3-4 days. Some parts in Rajasthan continue to witness good rains and traders took it as a good sign for the current season's harvest. Guargum demand is fairly weak as well. The guarseed prices in Jodhpur are lingering at Rs 4045 per quintal, down Rs 180 per quintal on the day. Turmeric dropped more than Rs 100 on monday, quoting around Rs 7370 per quintal in Nizamabad on limited demand by exporters. Traders also noted that rainfall was reported in some parts of Andhra Pradesh and Karnataka. Traders are expecting the total production in the range of 50-52 lakh bags in the previous year, down 20 lakh bags. Sources also stated that around 68 lakh bags of total stocks have been reported in local mandies. The current prices are lowest in six months.
  • 5. 5 Fundamental Watch : Cotton COTTON ARRIVALS AT KEY SPOT MARKET National Market Update Minimum Support Price (MSP) of cotton has been revised upwardly for the year 2015-16 by Cabinet Committee on Economic Affairs (CACP) by Rs 50 for each of Medium and Long staple. The MSP of Medium staple cotton has been revised to Rs 3800 per quintal for 2015-16 which was Rs. 3750 in 2014- 15. Similarly, the MSP for Long staple has been revised to Rs. 4100 for the upcoming season 2015-16, which was Rs 4050 in the current season. Cotton Corporation of India (CCI) has started floating the global tender for cotton export to Bangladesh. The tender earlier did not attract the mush attention as the prices quoted by CCI was 76-77 cents whereas the working price of the exporters is 68-70 cents since the Rupee has appreciated to 62.15 from 62.70 against the dollar. CCI is now working on the better and revised pricing strategy to drag down the price to 70 cents for the overseas buyers. Cotton consumption in India is likely to increase by around 5.09% in the coming season i.e. 2015-16 to 5.606 million tones as compared to 5.334 million tones in the current season, said USDA. Consumption on global front too is likely to increase by around 3.44% to 25.10 million tones in 2015-16 as compared to 24.27 million tones in current season. World cotton production estimates for the season 2015-16 has been upwardly revised by USDA. Cotton production on global front is likely to stand around 24.238 million tons in the coming season around 0.07% higher when compared to the estimates of previous month which was 24.222 million tons and around 6.34% lower when compared to the production of current month. CENTER 22-June-15 20-June-15 Change RAJKOT 4555 4550 +5 BHIWANI 4750 4750 UNCH ADAMPUR 4760 4760 UNCH AHMEDABAD 4500 NR - GONDAL 4540 4560 -20 GUNTUR NS 4050 - RAICHUR 4670 4665 +5
  • 6. Technical Outlook 6 BUY CORIANDER JULY ABOVE 12210 TARGET 12235 12275 SL BELOW 12180 SELL GUARGUM JULY BELOW 9550 TARGET 9500 9440 SL ABOVE 9610 SELL TURMERIC JULY BELOW 6850 TARGET 6810 6750 SL ABOVE 6910 BUY CASTORSEED JULYABOVE 4012 TARGET 4037 4067 SL BELOW 3982
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