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WEEKLY AGRI COMMODITY REPORT
07 DECEMBER 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
Weekly Wrap Up
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
JAN 10144 10240 9860 10032 -1.06 15760
INTRADAY
LEVELS
SUPPORT SUPP.1
9848
SUPP. 2
9664
PIVOT
10044
Coriander short term
trend is bullish and may
continue in coming
days.RESISTAN
CE
RES. 1
10228
RES. 2
10424
CASTORSEED
JAN 3970 3992 3893 3942 0.00 196500
INTRADAY
LEVELS
SUPPORT SUPP. 1
3893
SUPP. 2
3843
PIVOT
3942
Castorseed short term
trend is bullish and
may continue in
coming days.RESISTAN
CE
RES. 1
3992
RES. 2
4041
TURMERIC
JAN 10070 10306 9700 10180 +1.17 38310
INTRADAY
LEVELS
SUPPORT SUPP. 1
9818
SUPP. 2
9456
PIVOT
10062
Turmeric short term
trend is bullish and may
continue in coming
days.RESISTAN
CE
RES. 1
10424
RES. 2
10668
GUARGUM
JAN 6980 7010 6590 6710 -3.59 48710
INTRADAY
LEVELS
SUPPORT SUPP. 1
6530
SUPP. 2
6350
PIVOT
6770
Guargum Short term
trend is bullish and
may continue in
coming days.RESISTAN
CE
RES. 1
6950
RES. 2
7190
Weekly Recommendations
3
BUY CORIANDER JAN ABOVE 10240 TARGET 10402 10634 SL BELOW 10048
SELL CORIANDER JAN BELOW 9760 TARGET 9598 9366 SL ABOVE 9910
BUY GUARGUM JAN ABOVE 7290 TARGET 7460 7660 SL BELOW 7090
SELL GUARGUM JAN BELOW 6500 TARGET 6330 6130 SL ABOVE 6700
Commodities In News
4
ECONOMIC NEWS
Sowing of rabi crops like wheat has been affected due to both drought
and floods this year and the government is taking steps to minimise the
impact, Agriculture Minister Radha Mohan Singh said."Agricultural crops
have been affected for the third straight season due to adverse weather
conditions in last 18 months of the Modi government," Singh said while
addressing a farm machinisation event 'Agrimach' here.In 2014, kharif
(summer) crops were affected due to 12 per cent deficit rains, while rabi
(winter) crops like wheat got damaged due to unseasonal rains and
hailstorm, he said."This year too, kharif crops were affected due to drought
situation in the wake of 14 per cent deficit rains. Now, rabi crops are
facing both drought and floods," he said.The government is taking
measures to reduce the impact of such natural calamities, he said adding
"We cannot stop the natural calamities but we can reduce its impact with
use of new technologies and contingency plan."Sowing of rabi crops has
begun from October. The ongoing sowing operation of rabi crops has been
affected due to high temperature in some parts as well as floods in South
India, especially in Tamil Nadu.The total area sown to wheat and other
rabi crops is lagging behind at 317.96 lakh hectare till last week of the
ongoing rabi season compared with 372.61 lakh hectare in the year-ago
period, as per the government data.
Companies working in the food processing sector -- from Field Fresh to
Cargill -- feel more investment is required in farmland for building up
infrastructure and providing technology to farmers.They feel opening up
vegetable and fruit retailing to foreign invvestments would help farmers
get a better price, while consumers will get cheaper rates. Earlier this
week, food processing minister Harsimrat Kaur Badal while interacting
with a leading newspaper said foreign invvestments in foods, fruits,
agriculture and perishable processing will be a huge boost to the
sector."FDI in processing and retailing of fresh fruits and vegetables is a
great idea.
Guar rates stabilized at the lower levels as some bounce back from short
covering noted. No strong Bullish Fundamentals emerged inthe mandis. Low
exports, higher arrivals and stocks and falling Crude oil prices have been
keeping prices down for the last few months, with low signs of
recovery.India had exported 4874 tons of guar gum powder, 744 tons of guar
splits and 1380 tons of guar meal during the last week of October
2015,.Latest week export figure took the October month export to 21816
tonsof guar products. Out of the total guar exports, 13106 tons of Guargum,
3404 tons of Splits and 5306 tons of Guar meals exported in October 2015.
Last year India exported 33867 tons of Guar products at the same
period.Markets are unable to recover in present term, despite having fallen
from above 13000 to nearly 8000 levels. The new crop arrivals are
preventing markets from staging a decent recovery. Last 2 years of higher
production have ensured higher stocks for Guar this year, thus keeping
prices down. In Rajasthan, 2013-14 production was reportedly more than 28
lakh tons and 2014-15 production nearly 28 lakh tons.
Jeera settled up due to slow progress of sowing at the major producing
regions of Gujarat and Rajasthan. Though, fall in demand from retailers and
stockists and exports from India are likely to decline by about 40-45 per
cent, capped some gains. Gujarat, the top cumin producing state, has planted
less cumin until Nov 23, 2015 compared to last year sowing progress. In
Gujarat, jeera is planted in 46 % less area at 63,400 hectares compared to 1,
17,400 hectares last year same time.According to govt data, exports for
2015-16 shows a decline trend compared to last year until September .Geo-
political trouble in two major exporting countries – Syria and Turkey –
seems to have failed to spice up jeera exports from India due to higher
domestic price As per Department of commerce data, exports from India in
first five months of FY 2015-16 is 36,882 MT. Jeera exports from India are
likely to decline by about 40-45 per cent to around 85,000-1,00,000 tonnes
during 2015-16 compared to an estimated exports of around 1,55,000 tonnes
last year.
5
NEWS RECAP
COMMODITY HEADLINES
Agriculture Ministry proposes further 5% hike in import duty of edible oil.
 WTO meet at Nairobi: India to emphasise on subsidies, agriculture issues.
FDI in food processing will help farmers, say companies.
 'India needs 333 MT grain production to meet demand by 2050‘.
 Cotton exports may grow 18% in 2015-16: Union Textile Minister Santosh Gangwar.
 Sugar production up 24% at 23.6 lakh tonnes in October-November: ISMA.
 51,000 tonnes of seized pulses offloaded in retail market.
 Rabi crops sowing hit by both floods & drought: Radha Mohan Singh.
 Over 130,000 tonnes of pulses seized since imposition of stockholding limit.
 Untimely rains destroy 90% crops; poppy farmers looking for alternatives.
 Minister Ananth Kumar promises to resolve fertiliser subsidy arrears of Rs 40,000 crore.
SPOT QUOTES
6
COMMODITY NAME LOCATION PRICE
Ref Soya Oil Nagpur 615.75
Ref Soya Oil Indore 627.75
Ref Soya Oil Mumbai 630
Soy Bean Kota 3525
Soy Bean Indore 3701
Soy Bean Nagpur 3650
Sugar M Grade Delhi 2795
Sugar M Grade Kolkatta 2950
Sugar S Erode 2648
Sugar S Vashi 2715.55
Tur Desi Akola 10900
Turmeric Nizamabad 9577.25
COMMODITY NAME LOCATION PRICE
Barley Jaipur 1520.5
Castor Seed Deesa 3975
Chana Bikaner 5070
Chana Delhi 5276.15
Chana Indore 4935.85
Coriander Kota 10588.2
Cotton Kadi 15728.35
Guarseed Bikaner 3391.65
Jeera Unjha 16483.35
Mustardseed Jaipur 4762.5
Mustardseed Alwar 4902.7
Guar Gum Jodhpur 6704.8
Guar Seed 10 MT Jodhpur 3414.65
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
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found so then Serious Legal Actions can be taken.

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Epic research weekly agri report 07 dec 2015

  • 1. WEEKLY AGRI COMMODITY REPORT 07 DECEMBER 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. Weekly Wrap Up 2 MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL CORIANDER JAN 10144 10240 9860 10032 -1.06 15760 INTRADAY LEVELS SUPPORT SUPP.1 9848 SUPP. 2 9664 PIVOT 10044 Coriander short term trend is bullish and may continue in coming days.RESISTAN CE RES. 1 10228 RES. 2 10424 CASTORSEED JAN 3970 3992 3893 3942 0.00 196500 INTRADAY LEVELS SUPPORT SUPP. 1 3893 SUPP. 2 3843 PIVOT 3942 Castorseed short term trend is bullish and may continue in coming days.RESISTAN CE RES. 1 3992 RES. 2 4041 TURMERIC JAN 10070 10306 9700 10180 +1.17 38310 INTRADAY LEVELS SUPPORT SUPP. 1 9818 SUPP. 2 9456 PIVOT 10062 Turmeric short term trend is bullish and may continue in coming days.RESISTAN CE RES. 1 10424 RES. 2 10668 GUARGUM JAN 6980 7010 6590 6710 -3.59 48710 INTRADAY LEVELS SUPPORT SUPP. 1 6530 SUPP. 2 6350 PIVOT 6770 Guargum Short term trend is bullish and may continue in coming days.RESISTAN CE RES. 1 6950 RES. 2 7190
  • 3. Weekly Recommendations 3 BUY CORIANDER JAN ABOVE 10240 TARGET 10402 10634 SL BELOW 10048 SELL CORIANDER JAN BELOW 9760 TARGET 9598 9366 SL ABOVE 9910 BUY GUARGUM JAN ABOVE 7290 TARGET 7460 7660 SL BELOW 7090 SELL GUARGUM JAN BELOW 6500 TARGET 6330 6130 SL ABOVE 6700
  • 4. Commodities In News 4 ECONOMIC NEWS Sowing of rabi crops like wheat has been affected due to both drought and floods this year and the government is taking steps to minimise the impact, Agriculture Minister Radha Mohan Singh said."Agricultural crops have been affected for the third straight season due to adverse weather conditions in last 18 months of the Modi government," Singh said while addressing a farm machinisation event 'Agrimach' here.In 2014, kharif (summer) crops were affected due to 12 per cent deficit rains, while rabi (winter) crops like wheat got damaged due to unseasonal rains and hailstorm, he said."This year too, kharif crops were affected due to drought situation in the wake of 14 per cent deficit rains. Now, rabi crops are facing both drought and floods," he said.The government is taking measures to reduce the impact of such natural calamities, he said adding "We cannot stop the natural calamities but we can reduce its impact with use of new technologies and contingency plan."Sowing of rabi crops has begun from October. The ongoing sowing operation of rabi crops has been affected due to high temperature in some parts as well as floods in South India, especially in Tamil Nadu.The total area sown to wheat and other rabi crops is lagging behind at 317.96 lakh hectare till last week of the ongoing rabi season compared with 372.61 lakh hectare in the year-ago period, as per the government data. Companies working in the food processing sector -- from Field Fresh to Cargill -- feel more investment is required in farmland for building up infrastructure and providing technology to farmers.They feel opening up vegetable and fruit retailing to foreign invvestments would help farmers get a better price, while consumers will get cheaper rates. Earlier this week, food processing minister Harsimrat Kaur Badal while interacting with a leading newspaper said foreign invvestments in foods, fruits, agriculture and perishable processing will be a huge boost to the sector."FDI in processing and retailing of fresh fruits and vegetables is a great idea. Guar rates stabilized at the lower levels as some bounce back from short covering noted. No strong Bullish Fundamentals emerged inthe mandis. Low exports, higher arrivals and stocks and falling Crude oil prices have been keeping prices down for the last few months, with low signs of recovery.India had exported 4874 tons of guar gum powder, 744 tons of guar splits and 1380 tons of guar meal during the last week of October 2015,.Latest week export figure took the October month export to 21816 tonsof guar products. Out of the total guar exports, 13106 tons of Guargum, 3404 tons of Splits and 5306 tons of Guar meals exported in October 2015. Last year India exported 33867 tons of Guar products at the same period.Markets are unable to recover in present term, despite having fallen from above 13000 to nearly 8000 levels. The new crop arrivals are preventing markets from staging a decent recovery. Last 2 years of higher production have ensured higher stocks for Guar this year, thus keeping prices down. In Rajasthan, 2013-14 production was reportedly more than 28 lakh tons and 2014-15 production nearly 28 lakh tons. Jeera settled up due to slow progress of sowing at the major producing regions of Gujarat and Rajasthan. Though, fall in demand from retailers and stockists and exports from India are likely to decline by about 40-45 per cent, capped some gains. Gujarat, the top cumin producing state, has planted less cumin until Nov 23, 2015 compared to last year sowing progress. In Gujarat, jeera is planted in 46 % less area at 63,400 hectares compared to 1, 17,400 hectares last year same time.According to govt data, exports for 2015-16 shows a decline trend compared to last year until September .Geo- political trouble in two major exporting countries – Syria and Turkey – seems to have failed to spice up jeera exports from India due to higher domestic price As per Department of commerce data, exports from India in first five months of FY 2015-16 is 36,882 MT. Jeera exports from India are likely to decline by about 40-45 per cent to around 85,000-1,00,000 tonnes during 2015-16 compared to an estimated exports of around 1,55,000 tonnes last year.
  • 5. 5 NEWS RECAP COMMODITY HEADLINES Agriculture Ministry proposes further 5% hike in import duty of edible oil.  WTO meet at Nairobi: India to emphasise on subsidies, agriculture issues. FDI in food processing will help farmers, say companies.  'India needs 333 MT grain production to meet demand by 2050‘.  Cotton exports may grow 18% in 2015-16: Union Textile Minister Santosh Gangwar.  Sugar production up 24% at 23.6 lakh tonnes in October-November: ISMA.  51,000 tonnes of seized pulses offloaded in retail market.  Rabi crops sowing hit by both floods & drought: Radha Mohan Singh.  Over 130,000 tonnes of pulses seized since imposition of stockholding limit.  Untimely rains destroy 90% crops; poppy farmers looking for alternatives.  Minister Ananth Kumar promises to resolve fertiliser subsidy arrears of Rs 40,000 crore.
  • 6. SPOT QUOTES 6 COMMODITY NAME LOCATION PRICE Ref Soya Oil Nagpur 615.75 Ref Soya Oil Indore 627.75 Ref Soya Oil Mumbai 630 Soy Bean Kota 3525 Soy Bean Indore 3701 Soy Bean Nagpur 3650 Sugar M Grade Delhi 2795 Sugar M Grade Kolkatta 2950 Sugar S Erode 2648 Sugar S Vashi 2715.55 Tur Desi Akola 10900 Turmeric Nizamabad 9577.25 COMMODITY NAME LOCATION PRICE Barley Jaipur 1520.5 Castor Seed Deesa 3975 Chana Bikaner 5070 Chana Delhi 5276.15 Chana Indore 4935.85 Coriander Kota 10588.2 Cotton Kadi 15728.35 Guarseed Bikaner 3391.65 Jeera Unjha 16483.35 Mustardseed Jaipur 4762.5 Mustardseed Alwar 4902.7 Guar Gum Jodhpur 6704.8 Guar Seed 10 MT Jodhpur 3414.65
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