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DAILYAGRI COMMODITY REPORT
29 December 2014
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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
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
JAN 12800 12831 12162 12275 -3.10 15560
INTRADAY
LEVELS
SUPPORT SUPP.1
12018
SUPP. 2
11761
PIVOT
12419
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
12676
RES. 2
13077
CASTORSEED
JAN 5250 5350 5237 5245 +0.90 124050
INTRADAY
LEVELS
SUPPORT SUPP. 1
5205
SUPP. 2
5164
PIVOT
5277
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
5318
RES. 2
5390
TURMERIC
APR 8660 8932 8580 8932 +3.98 25040
INTRADAY
LEVELS
SUPPORT SUPP. 1
8697
SUPP. 2
8463
PIVOT
8815
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
9049
RES. 2
9167
GUARGUM
JAN 12390 12850 12390 12850 +3.96 7469
INTRADAY
LEVELS
SUPPORT SUPP. 1
12523
SUPP. 2
12197
PIVOT
12687
Guargum Short term
trend is down,
Expecting price may go
down in coming days.RESISTAN
CE
RES. 1
13013
RES. 2
13177
Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TURMERIC 20-04-2015 8932.00 350.00 4.08%
JEERA 20-01-2015 15075.00 540.00 3.72%
REFINED SOY OIL 20-01-2015 631.70 20.60 3.37%
CHANA 20-01-2015 3463.00 87.00 2.58%
CASTOR SEED NEW 20-01-2015 5328.00 130.00 2.50%
RAPESEED-MUSTARD SEED 20-01-2015 4323.00 69.00 1.62%
COTTON SEED OIL CAKE
AKOLA
20-01-2015 1442.00 22.00 1.55%
SOYABEAN 20-01-2015 3403.00 46.00 1.37%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-01-2015 12280.00 -452.00 -3.55%
GUR 20-01-2015 971.00 -0.50 -0.05%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 5245 5198 +0.90
CHANA 3481 3371 +3.26
CORIANDER 12275 12668 -3.10
GUARGUM 12850 12360 +3.96
JEERA 15000 14535 +3.20
MUSTARD SEED 4318 4257 +1.43
SOYABEAN 3396 3357 +1.16
TURMERIC 8932 8590 +3.98
Commodities In News
4
ECONOMIC NEWS
Uttar Pradesh sugar mills are bracing up for yet another
challenge of steep fall in sugar prices in the state.The wholesale
sugar prices have fallen from Rs 3,000/quintal (ex-factory) last
month to Rs 2,750/quintal at present.When, UP had announced
its State Advised Price (SAP) on November 12, the sugar prices
were around Rs 3,000/quintal, which was already on the lower
side compared to around Rs 3,188/quintal in July 2014.In this
backdrop, UP Sugar Mills Association has now written to the
state government on the "fallout on the sugar industry, making it
a crisis situation in which sugar mills of UP are the worst
sufferers."The Association mentioned despite low prices, the
state mills had been unable to sell stocks in the market due to an
"extremely weak sentiment" and presence of heavy floating
stock.The major grouse of industry is that sugar from Karnataka
and Maharashtra were able to capture its traditional markets at
price, which was Rs 200/quintal cheaper than that of sugar from
UP mills due to their lower cost of production. Earlier this
month, UPSMA had even urged the Centre to intervene in the
crisis facing the sugar sector. In it letter to the union food and
public distribution ministry, the Association had implicitly
forewarned about the crisis giving rise to arrears and payment
delays in the current crushing season unless the Centre failed to
intervene. Meanwhile, UPSMA reiterated mills inMaharashtra,
while enjoying the benefit of a lower cane price coupled with
higher recovery and higher yield, were still unable to pay even
the Fair and Remunerative Price (FRP) of cane and also
expressed its inability to their state government.
As per the latest release from Ministry of Agriculture, the total
sowing acreage of chana crop in the current year was reported at 71.51
lakh hectares this year while the last year's figure was 85.75 lakh
hectares. This was mainly due to poor sowing in Madhya Pradesh and
Rajasthan. The area coverage under Total Pulses is at 111.13 lakh
hectares while the last year's sowing area coverage was 124.78 lakh
hectares.The prices were also well guided by bullish move in other
pulses. Trader pointed that limited supplies of new tur and moong in
local mandies have supported the chana prices in physical prices. The
spot prices of chana increased by Rs 50 per quintal today to trade at Rs
per quintal today to trade at Rs 3425 per quintal.
Bearish trend resumed in coriander futures due to anticipation of
higher sowing in the current year along with fragile export demand in
local mandies. The NCDEX April futures pared 2.99 percent today.As
per market sources, higher price realization from coriander coupled
with favourable weather conditions will encourage coriander sowing in
the current year. Traders mentioned that record prices of coriander crop
in the current marketing season of Rs 12000-13000 per quintal against
Rs 8000-1000 per quintal of the previous year will divert the chana and
wheat farmers towards coriander crop in Rajasthan and Madhya
Pradesh. The total production of coriander is likely to increase by 40-
50 percent from the previous year.
Local sugar markets have been mostly trading lower, extending their
downward movement amid dull sentiments. Demand is lacking in all
major centres. The total sugarcane arrears of the industry which were
Rs 14,095 crore (as on May 31, 2014) came down to Rs.3567 crores (as
on December 15,.2014) as a result of concerted efforts to facilitate the
payment of the total payable sugarcane prices of Rs.58, 269.63 crores
to the farmers for sugar season 2013-14, noted a latest press release
from the Ministry of Consumer Affairs, Food & Public Distribution.
5
Fundamental Watch : Cotton
COTTON ARRIVALS AT KEY SPOT
MARKET
National & International Market Update
Cotton market noticed mixed tone.The China's Xinjiang Department of
Agriculture announced on December 23,2014 that Xinjiang cotton acreage
total to 29.67 million mu in 2014. In 2015 decline in US and World acreage
is expected on lower prices, and this will leads to retract the supply-side
(production). And if, demand also show improvement then cotton prices
may show some improvement-Southeast Farm Press. The cotton
procurement by Cotton Corporation of India (CCI)reach to 2.50 million
bales — the highest since 2008-09 when the state-run agency purchased a
record 8.93 million bales in the entire marketing year and compared with
just 40,813 bales in the whole of last marketing year through September
2014. Most of the purchases this year have been from Andhra Pradesh and
Maharashtra, the leading producers after Gujarat. One bale equals 170
kg.Pakistan Bureau of Statistics revealed that textile and clothing export
surged to $1.128 billion in November 2014 from $998.143 million in the
corresponding period of last year, an increase of 7.01 per cent.
Pakistan Bureau of Statistics revealed that textile and clothing export
surged to $1.128 billion in November 2014 from $998.143 million in the
corresponding period of last year, an increase of 7.01 per cent. Cotton from
Nigeria is being sold at 70 percent less in the international market, than the
price of the same product from other countries such as Burkina Faso, China
and India, on account of the fact that Nigeria does not produce
Biotechnology (BT) cotton. Cotton production in China stood 2.2% lower
to 6.16 million tonnes in 2014 when compared to the previous year. The
reason for this decline is the falling acreage, which decreased around 3% on
year on year basis.
CENTER 26-Dec-14 24-Dec-14 Change
AMRAVATI 6000 5900 +100
MAHESANA 50000 60000 -10000
RAJKOT 4200 4250 -50
PATAN 17625 13510 +4115
DEESA 5475 3725 +1750
BHIWANI 2000 2000 UNCH
GONDAL 2166 2505 -339
Technical Outlook
6
SELL DHANIYA JAN BELOW 12270 TGTS 12240,12190 SL 12320 BUY GUARGUM JAN ABOVE 12850 TGTS 12900,13000 SL 12760
BUY CASTORSEED JAN ABOVE 5290 TGTS 5320,5370 SL 5240 BUY TMC APR ABOVE 8940 TGTS 8990,9090 SL 8850
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 29 dec 2014

  • 1. DAILYAGRI COMMODITY REPORT 29 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 12800 12831 12162 12275 -3.10 15560 INTRADAY LEVELS SUPPORT SUPP.1 12018 SUPP. 2 11761 PIVOT 12419 Dhaniya short term trend is down, further more downside is expected in comimg days. RESISTAN CE RES. 1 12676 RES. 2 13077 CASTORSEED JAN 5250 5350 5237 5245 +0.90 124050 INTRADAY LEVELS SUPPORT SUPP. 1 5205 SUPP. 2 5164 PIVOT 5277 Castorseed short term trend is down, Prices expected to go down in coming days.RESISTAN CE RES. 1 5318 RES. 2 5390 TURMERIC APR 8660 8932 8580 8932 +3.98 25040 INTRADAY LEVELS SUPPORT SUPP. 1 8697 SUPP. 2 8463 PIVOT 8815 Turmeric short term trend is up and may continue in coming days.RESISTAN CE RES. 1 9049 RES. 2 9167 GUARGUM JAN 12390 12850 12390 12850 +3.96 7469 INTRADAY LEVELS SUPPORT SUPP. 1 12523 SUPP. 2 12197 PIVOT 12687 Guargum Short term trend is down, Expecting price may go down in coming days.RESISTAN CE RES. 1 13013 RES. 2 13177
  • 3. Most Active Contract 3 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % TURMERIC 20-04-2015 8932.00 350.00 4.08% JEERA 20-01-2015 15075.00 540.00 3.72% REFINED SOY OIL 20-01-2015 631.70 20.60 3.37% CHANA 20-01-2015 3463.00 87.00 2.58% CASTOR SEED NEW 20-01-2015 5328.00 130.00 2.50% RAPESEED-MUSTARD SEED 20-01-2015 4323.00 69.00 1.62% COTTON SEED OIL CAKE AKOLA 20-01-2015 1442.00 22.00 1.55% SOYABEAN 20-01-2015 3403.00 46.00 1.37% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CORIANDER 20-01-2015 12280.00 -452.00 -3.55% GUR 20-01-2015 971.00 -0.50 -0.05% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 5245 5198 +0.90 CHANA 3481 3371 +3.26 CORIANDER 12275 12668 -3.10 GUARGUM 12850 12360 +3.96 JEERA 15000 14535 +3.20 MUSTARD SEED 4318 4257 +1.43 SOYABEAN 3396 3357 +1.16 TURMERIC 8932 8590 +3.98
  • 4. Commodities In News 4 ECONOMIC NEWS Uttar Pradesh sugar mills are bracing up for yet another challenge of steep fall in sugar prices in the state.The wholesale sugar prices have fallen from Rs 3,000/quintal (ex-factory) last month to Rs 2,750/quintal at present.When, UP had announced its State Advised Price (SAP) on November 12, the sugar prices were around Rs 3,000/quintal, which was already on the lower side compared to around Rs 3,188/quintal in July 2014.In this backdrop, UP Sugar Mills Association has now written to the state government on the "fallout on the sugar industry, making it a crisis situation in which sugar mills of UP are the worst sufferers."The Association mentioned despite low prices, the state mills had been unable to sell stocks in the market due to an "extremely weak sentiment" and presence of heavy floating stock.The major grouse of industry is that sugar from Karnataka and Maharashtra were able to capture its traditional markets at price, which was Rs 200/quintal cheaper than that of sugar from UP mills due to their lower cost of production. Earlier this month, UPSMA had even urged the Centre to intervene in the crisis facing the sugar sector. In it letter to the union food and public distribution ministry, the Association had implicitly forewarned about the crisis giving rise to arrears and payment delays in the current crushing season unless the Centre failed to intervene. Meanwhile, UPSMA reiterated mills inMaharashtra, while enjoying the benefit of a lower cane price coupled with higher recovery and higher yield, were still unable to pay even the Fair and Remunerative Price (FRP) of cane and also expressed its inability to their state government. As per the latest release from Ministry of Agriculture, the total sowing acreage of chana crop in the current year was reported at 71.51 lakh hectares this year while the last year's figure was 85.75 lakh hectares. This was mainly due to poor sowing in Madhya Pradesh and Rajasthan. The area coverage under Total Pulses is at 111.13 lakh hectares while the last year's sowing area coverage was 124.78 lakh hectares.The prices were also well guided by bullish move in other pulses. Trader pointed that limited supplies of new tur and moong in local mandies have supported the chana prices in physical prices. The spot prices of chana increased by Rs 50 per quintal today to trade at Rs per quintal today to trade at Rs 3425 per quintal. Bearish trend resumed in coriander futures due to anticipation of higher sowing in the current year along with fragile export demand in local mandies. The NCDEX April futures pared 2.99 percent today.As per market sources, higher price realization from coriander coupled with favourable weather conditions will encourage coriander sowing in the current year. Traders mentioned that record prices of coriander crop in the current marketing season of Rs 12000-13000 per quintal against Rs 8000-1000 per quintal of the previous year will divert the chana and wheat farmers towards coriander crop in Rajasthan and Madhya Pradesh. The total production of coriander is likely to increase by 40- 50 percent from the previous year. Local sugar markets have been mostly trading lower, extending their downward movement amid dull sentiments. Demand is lacking in all major centres. The total sugarcane arrears of the industry which were Rs 14,095 crore (as on May 31, 2014) came down to Rs.3567 crores (as on December 15,.2014) as a result of concerted efforts to facilitate the payment of the total payable sugarcane prices of Rs.58, 269.63 crores to the farmers for sugar season 2013-14, noted a latest press release from the Ministry of Consumer Affairs, Food & Public Distribution.
  • 5. 5 Fundamental Watch : Cotton COTTON ARRIVALS AT KEY SPOT MARKET National & International Market Update Cotton market noticed mixed tone.The China's Xinjiang Department of Agriculture announced on December 23,2014 that Xinjiang cotton acreage total to 29.67 million mu in 2014. In 2015 decline in US and World acreage is expected on lower prices, and this will leads to retract the supply-side (production). And if, demand also show improvement then cotton prices may show some improvement-Southeast Farm Press. The cotton procurement by Cotton Corporation of India (CCI)reach to 2.50 million bales — the highest since 2008-09 when the state-run agency purchased a record 8.93 million bales in the entire marketing year and compared with just 40,813 bales in the whole of last marketing year through September 2014. Most of the purchases this year have been from Andhra Pradesh and Maharashtra, the leading producers after Gujarat. One bale equals 170 kg.Pakistan Bureau of Statistics revealed that textile and clothing export surged to $1.128 billion in November 2014 from $998.143 million in the corresponding period of last year, an increase of 7.01 per cent. Pakistan Bureau of Statistics revealed that textile and clothing export surged to $1.128 billion in November 2014 from $998.143 million in the corresponding period of last year, an increase of 7.01 per cent. Cotton from Nigeria is being sold at 70 percent less in the international market, than the price of the same product from other countries such as Burkina Faso, China and India, on account of the fact that Nigeria does not produce Biotechnology (BT) cotton. Cotton production in China stood 2.2% lower to 6.16 million tonnes in 2014 when compared to the previous year. The reason for this decline is the falling acreage, which decreased around 3% on year on year basis. CENTER 26-Dec-14 24-Dec-14 Change AMRAVATI 6000 5900 +100 MAHESANA 50000 60000 -10000 RAJKOT 4200 4250 -50 PATAN 17625 13510 +4115 DEESA 5475 3725 +1750 BHIWANI 2000 2000 UNCH GONDAL 2166 2505 -339
  • 6. Technical Outlook 6 SELL DHANIYA JAN BELOW 12270 TGTS 12240,12190 SL 12320 BUY GUARGUM JAN ABOVE 12850 TGTS 12900,13000 SL 12760 BUY CASTORSEED JAN ABOVE 5290 TGTS 5320,5370 SL 5240 BUY TMC APR ABOVE 8940 TGTS 8990,9090 SL 8850
  • 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.