1. DAILY AGRI COMMODITY REPORT
02 July 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 7028 7110 6984 7022 +0.26 8020
INTRADAY
LEVELS
SUPPORT SUPP. 1
6967
SUPP. 2
6913
PIVOT
7039
Turmeric short term
trend is up and May
continue in coming
days.RESISTAN
CE
RES. 1
7093
RES. 2
7165
CORIANDER
JULY 11777 11980 11759 11952 +1.21 15090
INTRADAY
LEVELS
SUPPORT SUPP.1
11814
SUPP. 2
11676
PIVOT
11897
Coriander short term
trend is up and May
continue in coming
days.RESISTAN
CE
RES. 1
12035
RES. 2
12118
GUARGUM
JULY 10210 10550 10030 10260 -1.72 11439
INTRADAY
LEVELS
SUPPORT SUPP. 1
10010
SUPP. 2
9760
PIVOT
10280
Guargum short term
trend is down and May
continue in coming
days.RESISTAN
CE
RES. 1
10530
RES. 2
10800
CASTORSEED
JULY 4000 4030 3995 4014 +0.55 32070
INTRADAY
LEVELS
SUPPORT SUPP. 1
3996
SUPP. 2
3978
PIVOT
4013
Castorseed short term
trend is up and May
continue in coming
day.RESISTAN
CE
RES. 1
4031
RES. 2
4048
3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4014 3992 +0.55
CHANA 4249 4165 +2.02
CORIANDER 11952 11809 +1.21
GUARGUM 10260 10440 -1.72
JEERA 15895 15935 -0.25
MUSTARD
SEED
4246 4207 +0.93
SOYABEAN 3630 3560 +1.97
TURMERIC 7022 7004 +0.26
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-07-2015 15895.00 -25.00 -0.16%
BARLEY 20-07-2015 1218.50 -1.00 -0.08%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
SOYABEAN 20-08-2015 3630.00 67.00 1.88%
CHANA 20-07-2015 4249.00 76.00 1.82%
CORIANDER 20-07-2015 11952.00 167.00 1.42%
RAPESEED-MUSTARD
SEED
20-07-2015 4246.00 40.00 0.95%
REFINED SOY OIL 20-08-2015 587.80 4.10 0.70%
CASTOR SEED NEW 20-07-2015 4014.00 23.00 0.58%
COTTON SEED OIL CAKE
AKOLA
20-07-2015 1804.00 9.00 0.50%
TURMERIC 20-07-2015 7022.00 18.00 0.26%
4. Commodities In News
4
ECONOMIC NEWS
The monsoon has delivered normal or excess rainfall in 95% of the
country at the end of June with a seasonal rain surplus of 16%, which has
prepared farms and reservoirs to face the drier period that has already
begun. Significantly, rainfall has picked up strongly in Uttar Pradesh and
Bihar, which had a high deficit until last week. Rainfall in Punjab has also
made up for the deficit of the first three weeks of the season. This is
expected to further improve planting of crops.Meanwhile, continuing
heavy showers in Jammu and Kashmir, Himachal Pradesh and Uttarakhand
are filling up reservoirs that support irrigation and hydropower
generation.Rains are expected to weaken across most of the country except
the Himalayan region and East and Northeast India in the next 24 hours.
From July 4, some parts of South India could receive rain spells.Rainfall
has been below normal for the past five days, bringing down the season's
surplus from 28% to 16%. It is expected to weaken further this week.
Tuesday's rainfall was 18% below average, following a week of 44%
excess (June l8-24). The situation has improved significantly in Northwest
India, particularly in East Uttar Pradesh where till a week ago, the seasonal
deficit was the maximum at 74%, followed by 53% in West Uttar Pradesh,
49% in Uttarakhand and 20% in Punjab.The monsoon rains for June have
ended 12% below normal in East Uttar Pradesh, 4% above normal in West
UP, 12% above normal in Uttarakhand and 9% above normal in Punjab.
Rains in June are expected to boost the planting and aid in germination of
the crop. Coastal Andhra Pradesh has received 97% above normal rain,
followed by 89% in Jammu and Kashmir, 78% in west Rajasthan and 59%
in Saurashtra, Kutch and Telangana.According to agriculture ministry data,
as of June 26, planting was 23% higher than the same time last year at
16.56 million hectare. The total planting this summer season is expected to
be 105.29 million hectares. The Central Water Commission, which
monitors major reservoirs that feed hydropower plants and irrigate fields,
said the situation had improved significantly.
Turmeric settled down due to limited demand by exporters and
stockiest at current level. Sources are expecting the total production in
the range of 50-52 lakh bags in the current year, down 20 lakh bags
from the last year in the same period. Sources also stated that around
75lakh bags of total stocks have been reported in local mandies. There
is a huge carryover stock in domestic market for the medium quality
turmeric. Sowing of Turmeric in AP for the 2014-15 season is reported
at 0.13 lakh ha, as against 0.1 lakh ha last year.The area in Telangana
stood at 0.446 lakh ha against 0.431 lakh ha last year. As per Spice
board of India, the export for the 2014-15 is 86,000 tonnes worth Rs
744.35 crore compared to 77,500 tonnes and Rs 666.75 crore in FY14.
At Warangal market estimated market supply was at 700 bags, higher
by 200 bags from tuesday’s arrivals. At Erode market total arrivals are
at 2000 quintals, lower by 500 quintals from tuesday’s trading day. At
Sangli market total arrivals are at 1000 quintals, up by 300 quintals
from tuesday’s arrivals. Turmeric growing regions like Madhya
Maharashtra, Coastal A.P, Telangana, Rayalaseema, Tamil Nadu, and
Karnataka received normal rainfall.
Jeera settled down account of higher supply from the producing
regions in the midst of a decline in the export demand. As per third
advance estimate of Gujarat State, production is expected at 1.58 lakh
tonnes in 2014-15 which is 54.3 per cent lower compared to last years’
production of 3.46 lakh tonnes. There is concern over production due to
untimely rainfall in March in Gujarat and Rajasthan. As per
Government data, 2.41 lakh hectare of cumin crop is damaged in
Rajasthan.According to 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. At Unjha market in
Mehsana sources reported arrivals at 3000 quintals, higher by 500
quintals from tuesday’s trading day.
5. 5
Fundamental Watch : Chana
CHANA ARRIVALS AT KEY SPOT MARKETNational Market Update
Government of India decided to include pulses after wheat and rice in
BGREI to increase domestic production and reduce dependency on imports.
Bringing Green Revolution to Eastern India (BGREI) is a government aided
scheme in which crops like paddy and wheat are cultivated, funded by
government and are grown in states like West Bengal, Odisha, Bihar,
Jharkhand, Chhattisgarh, eastern UP and Assam .
Concern over the rising prices of pulses, government of Rajasthan has
imposed stock limit to retailers and wholesalers. Retailers can have 25 quintals
of pulses and wholesalers can have 2500 quintals of pulses at a time. This
decision will help the prices of pulses to stay low as supply will increase in the
market and market players will not able to hold large amount of stock.
The Cabinet Committee on Economic Affairs has increased the MSP of
Urad, Moong and Tur to Rs 4625, Rs 4850 and Rs 4625 per quintal
respectively, it include Rs 200 bonus. With emerging short supply and
shooting up prices government has offered bonus of Rs 200 per quintal to
pulses farmers. It will encourage farmers to grow more pulses this year.
According to the local traders, no major damage occurred in Canadian
Pulses by frost and even the warm weather that followed has been ideal for
crop development. They are estimating 3.75 million acres of the lentil crop,
which is well above Statistics Canada’s 3.35 million acre estimate and 3.9
million acres of peas, comprising three million acres of yellow and 870,000
acres of green peas. That is higher in line with Statistics Canada’s 3.83 million
acre estimate.Australian Chickpea is currently being planted and should be
finished in the end of June. Weather condition is favorable and yield may
increase this year as compare to last year. Harvest is set to begin after
September.
CENTER 1-July-15 30-June-15 Change
AHMEDNAGAR 4000 4100 -100
ALWAR 4100 4000 +100
BHIND 4200 4100 +100
JAIPUR 4250 4300 -50
KANPUR 4550 4600 -50
KOTA 3900 3835 +65
VIJAYWADA 4800 4700 +100
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.
