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WEEKLY AGRI COMMODITY REPORT 08 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 MINTVISORYCall us at +91-731-6642300
Weekly Wrap Up 
2 
MONTH 
OPEN 
HIGH 
LOW 
CLOSE 
% CHG 
VOL 
MONTH 
OPEN 
HIGH 
LOW 
CLOSE 
% CHG 
VOL 
DHANIYA 
JAN 
13338 
13689 
12980 
13060 
-1.80 
26900 
INTRADAY LEVELS 
SUPPORT 
SUPP.1 
12797 
SUPP. 2 
12534 
PIVOT 
13243 
Dhaniya short term trend is up, and further more upis expected in comimg days. 
RESISTANCE 
RES. 1 
13506 
RES. 2 
13952 
CASTORSEED 
JAN 
4502 
4715 
4367 
4546 
0.90 
4882280 
INTRADAY LEVELS 
SUPPORT 
SUPP. 1 
4370 
SUPP. 2 
4195 
PIVOT 
4543 
Castorseed short term is up,Prices expected to go up in coming days. 
RESISTANCE 
RES. 1 
4718 
RES. 2 
4891 
TURMERIC 
APR 
7350 
7490 
7252 
7342 
-0.20 
11360 
INTRADAY LEVELS 
SUPPORT 
SUPP. 1 
7233 
SUPP. 2 
7123 
PIVOT 
7361 
Turmeric price is in uptrend and may continue in coming days. 
RESISTANCE 
RES. 1 
7471 
RES. 2 
7599 
GUARGUM 
JAN 
12800 
13520 
12540 
13290 
2.90 
26591 
INTRADAY LEVELS 
SUPPORT 
SUPP. 1 
12713 
SUPP. 2 
12137 
PIVOT 
13117 
Guargum Short term trend is down, Expecting price may go down in coming days. 
RESISTANCE 
RES. 1 
13693 
RES. 2 
14097
Weekly Recommendations 
3 
BUY DHANIYA JAN ABOVE 13200 TGTS 13300,13400 SL 13050 
SELL DHANIYA JAN BELOW 12960 TGTS 12860,12760 SL 13110 
BUY GUARGUM JAN ABOVE 13500 TGTS 13650,13800 SL 13300 
SELL GUARGUM JAN BELOW 13100 TGTS 12950,12800 SL 13300
Commodities In News 
4 
ECONOMIC NEWS 
Withpaddycroparrivalalmostcomingtoanend,cropprocurementinPunjabandHaryanaislikelytoremainatabout147lakhtonnes,almost16percentlesserthanwhatwastargetedbeforethestartofpurchaseduringKharifmarketingseason2014- 15.PunjabandHaryanahadtargetedtoprocure175lakhtonnesofpaddyforthecentralpool."Paddyprocurementwillbelesserthanthetargetbecauseofriseinbasmatiacreage,"anofficialofFoodCorporationofIndia(FCI)toldhere.Sofar,paddyprocurementinPunjabhasreached117.62lakhtonnesasagainstinitialtargetof140lakhtonnes."PaddyprocurementinPunjabislikelytoremainmoreorlesswhathasbeenpurchasedsofarascroparrivalshavenowbeennegligibleingrainmarkets,"officialsaid.InHaryanaalso,paddypurchaseisunlikelytotouchthetargetedfigureof35lakhtonneswithcropliftingreaching29.72lakhtonnessofar. "Farmersarenowbringinglesserquantityofpaddycropingrainmarkets,"saidanofficialofHaryanaFoodandSuppliesdepartment.LesserpaddyprocurementmeanslessercontributionofricefromPunjabandHaryanatothecentralpool.PunjabandHaryanahadseenpaddyprocurementat127lakhtonnesand35.87lakhtonnesrespectivelyduringthelastseason.AreaunderbasmaticropthisseasoninPunjabwentupby55percentto8.62lakhhectaresthisyear,witharound30percentoftotalpaddybeingunderbasmati.Theoutputwasexpectedtoreach34lakhtonneasagainst22.65lakhtonnerecordedlastseason,creatinga"glutlike"situation.InneighbouringHaryana,40percentoftotalareaunderpaddywhichis11.38lakhhectaresisunderbasmaticropTotalareaunderpaddyinPunjabandHaryanawaspeggedat28.20lakhhectaresand11.50lakhhectaresrespectivelyinkharifseason.Notably,becauseof"deficient"rainsthisyear. 
Sugarproductionhasgraduallygainedmomentum,withsupplyofcaneintensifyinginthemajorproducingstates.ThesugarseasonrunsfromOctober1toSeptember30.InNovember,totaloutputwas56percenthigherfromayearbefore,to1.78milliontonnes(mt)ascomparedwith1.14mtinthecorrespondingmonthlastyear,showeddatacompiledbytheIndianSugarMillsAssociation(ISMA).Asofend- November,297millshadcommencedcrushingforthecurrentseason,asagainst262millsinoperationonthecorrespondingdaylastyear.Since509millswerereportedinoperationduringthe2013-14crushingseason,alittleover200millshavenotyetstartedcrushing.InMaharashtra,asagainst119millswhichhadbeguncrushingbyNovember30lastyear,withanoutputof0.54mtofsugar,148millshadproduced1.05mtthisyear.InUttarPradesh,of124millsinthestate,60havebeguncrushingoperations.MillsthereusuallystartonlyinthelatterpartofNovemberandonly0.12mtofsugarwasreportedtillthen. Inthecorrespondingperiodlastyear,24millshadstartedcrushing.InKarnataka,0.34mtofsugarhadbeenproducedtilltheNovember-end, almostsimilartotheamountlastyearinthistime.Lastyear,54millswerecrushingbythetime;itwas31sugarmillsthisyear. 
Chanapriceswereup0.70%toRs3,001perquintalinfuturestradetodayasspeculatorscreatedfreshpositions,drivenbypickupindemandinthespotmarket.AttheNationalCommodityandDerivativesExchange,chanafordeliveryinDecemberrosebyRs21,or0.70%toRs3,001perquintalwithanopeninterestof72,080lots.Similarly,thecommodityfordeliveryinJanuarynextyearcontractstradedhigherbyRs18,or0.59%toRs3,063perquintalin6,560lots.Analystssaidfreshpositionsbuilt-upbyspeculatorsafterapickupindemandatthespotmarketagainstrestrictedarrivalsfromproducingbelts,mainlyledtotheriseinchanaprices.
5 
NEWS RECAP 
COMMODITY HEADLINES 
Mustard seed Surges On Strong Meal Export Demand. 
China Offloading Cotton Reducing Demand For Indian Variety. 
Soya Oil Stabilizes On Limited Supplies of Soyabean. 
Jeera To Remain Supportive On Weak Production Estimates. 
Coriander Plunges On Weak Demand In Kota Mandy. 
Castor seed Futures To Witness Further Decline In The Near Term. 
Rabi Oilseeds Sowing Down 9%. 
Turmeric Down On Poor Export Demand. 
Chana Down On Limited Demand In Pulses. 
Uttar Pradesh government announces wheat MSP at Rs 1,450 a quintal for FY15. 
82 sugar mills start cane crushing in Uttar Pradesh.
SPOT QUOTES 
6 
COMMODITY NAME 
LOCATION 
PRICE 
Guarseed 
Bikaner 
4822.5 
Gur 
Muzaffar Nagar 
964.6 
Jeera 
Unjha 
11886.1 
Maize -Feed/Industrial Grade 
Nizamabad 
1214.55 
Maize -Feed/Industrial Grade 
Davengere 
1125 
Maize -Feed/Industrial Grade 
Karimnagar 
1177.5 
Maize -Feed/Industrial Grade 
Sangli 
1220 
Maize -Feed/Industrial Grade 
Delhi 
1315 
Maize -Feed/Industrial Grade 
Gulabbagh 
1177.7 
Mustardseed 
Jaipur 
3800 
Mustardseed 
Alwar 
3893.25 
Pepper 
Kochi 
72690 
COMMODITY NAME 
LOCATION 
PRICE 
Barley 
Jaipur 
1601.8 
Castor Seed 
Disa 
4742.85 
Castor Seed 1 MT 
Disa 
4742.85 
Chana 
Bikaner 
2965 
Chana 
Delhi 
3114.75 
Chana 
Indore 
2944.55 
Chana 1 MT 
Delhi 
3114.75 
Coriander 
Kota 
11386.6 
Cotton 
Kadi 
15664.6 
Cotton Seed (Industrial Grade) 
Akola 
1725 
Cotton Seed Oilcake 
Akola 
1395.25 
Cotton Seed Oilcake 
Kadi 
1397.2 
Guar Gum 
Jodhpur 
13804 
Guar Seed 10 MT 
Jodhpur 
4900
Disclaimer 
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do notaccept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them themost. 
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 positionsinthe stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not readany views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfingand 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 toforward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly bythem. If found so then Serious Legal Actions can be taken.

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Epic research weekly agri report 08 dec 2014

  • 1. WEEKLY AGRI COMMODITY REPORT 08 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 MINTVISORYCall us at +91-731-6642300
  • 2. Weekly Wrap Up 2 MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL DHANIYA JAN 13338 13689 12980 13060 -1.80 26900 INTRADAY LEVELS SUPPORT SUPP.1 12797 SUPP. 2 12534 PIVOT 13243 Dhaniya short term trend is up, and further more upis expected in comimg days. RESISTANCE RES. 1 13506 RES. 2 13952 CASTORSEED JAN 4502 4715 4367 4546 0.90 4882280 INTRADAY LEVELS SUPPORT SUPP. 1 4370 SUPP. 2 4195 PIVOT 4543 Castorseed short term is up,Prices expected to go up in coming days. RESISTANCE RES. 1 4718 RES. 2 4891 TURMERIC APR 7350 7490 7252 7342 -0.20 11360 INTRADAY LEVELS SUPPORT SUPP. 1 7233 SUPP. 2 7123 PIVOT 7361 Turmeric price is in uptrend and may continue in coming days. RESISTANCE RES. 1 7471 RES. 2 7599 GUARGUM JAN 12800 13520 12540 13290 2.90 26591 INTRADAY LEVELS SUPPORT SUPP. 1 12713 SUPP. 2 12137 PIVOT 13117 Guargum Short term trend is down, Expecting price may go down in coming days. RESISTANCE RES. 1 13693 RES. 2 14097
  • 3. Weekly Recommendations 3 BUY DHANIYA JAN ABOVE 13200 TGTS 13300,13400 SL 13050 SELL DHANIYA JAN BELOW 12960 TGTS 12860,12760 SL 13110 BUY GUARGUM JAN ABOVE 13500 TGTS 13650,13800 SL 13300 SELL GUARGUM JAN BELOW 13100 TGTS 12950,12800 SL 13300
  • 4. Commodities In News 4 ECONOMIC NEWS Withpaddycroparrivalalmostcomingtoanend,cropprocurementinPunjabandHaryanaislikelytoremainatabout147lakhtonnes,almost16percentlesserthanwhatwastargetedbeforethestartofpurchaseduringKharifmarketingseason2014- 15.PunjabandHaryanahadtargetedtoprocure175lakhtonnesofpaddyforthecentralpool."Paddyprocurementwillbelesserthanthetargetbecauseofriseinbasmatiacreage,"anofficialofFoodCorporationofIndia(FCI)toldhere.Sofar,paddyprocurementinPunjabhasreached117.62lakhtonnesasagainstinitialtargetof140lakhtonnes."PaddyprocurementinPunjabislikelytoremainmoreorlesswhathasbeenpurchasedsofarascroparrivalshavenowbeennegligibleingrainmarkets,"officialsaid.InHaryanaalso,paddypurchaseisunlikelytotouchthetargetedfigureof35lakhtonneswithcropliftingreaching29.72lakhtonnessofar. "Farmersarenowbringinglesserquantityofpaddycropingrainmarkets,"saidanofficialofHaryanaFoodandSuppliesdepartment.LesserpaddyprocurementmeanslessercontributionofricefromPunjabandHaryanatothecentralpool.PunjabandHaryanahadseenpaddyprocurementat127lakhtonnesand35.87lakhtonnesrespectivelyduringthelastseason.AreaunderbasmaticropthisseasoninPunjabwentupby55percentto8.62lakhhectaresthisyear,witharound30percentoftotalpaddybeingunderbasmati.Theoutputwasexpectedtoreach34lakhtonneasagainst22.65lakhtonnerecordedlastseason,creatinga"glutlike"situation.InneighbouringHaryana,40percentoftotalareaunderpaddywhichis11.38lakhhectaresisunderbasmaticropTotalareaunderpaddyinPunjabandHaryanawaspeggedat28.20lakhhectaresand11.50lakhhectaresrespectivelyinkharifseason.Notably,becauseof"deficient"rainsthisyear. Sugarproductionhasgraduallygainedmomentum,withsupplyofcaneintensifyinginthemajorproducingstates.ThesugarseasonrunsfromOctober1toSeptember30.InNovember,totaloutputwas56percenthigherfromayearbefore,to1.78milliontonnes(mt)ascomparedwith1.14mtinthecorrespondingmonthlastyear,showeddatacompiledbytheIndianSugarMillsAssociation(ISMA).Asofend- November,297millshadcommencedcrushingforthecurrentseason,asagainst262millsinoperationonthecorrespondingdaylastyear.Since509millswerereportedinoperationduringthe2013-14crushingseason,alittleover200millshavenotyetstartedcrushing.InMaharashtra,asagainst119millswhichhadbeguncrushingbyNovember30lastyear,withanoutputof0.54mtofsugar,148millshadproduced1.05mtthisyear.InUttarPradesh,of124millsinthestate,60havebeguncrushingoperations.MillsthereusuallystartonlyinthelatterpartofNovemberandonly0.12mtofsugarwasreportedtillthen. Inthecorrespondingperiodlastyear,24millshadstartedcrushing.InKarnataka,0.34mtofsugarhadbeenproducedtilltheNovember-end, almostsimilartotheamountlastyearinthistime.Lastyear,54millswerecrushingbythetime;itwas31sugarmillsthisyear. Chanapriceswereup0.70%toRs3,001perquintalinfuturestradetodayasspeculatorscreatedfreshpositions,drivenbypickupindemandinthespotmarket.AttheNationalCommodityandDerivativesExchange,chanafordeliveryinDecemberrosebyRs21,or0.70%toRs3,001perquintalwithanopeninterestof72,080lots.Similarly,thecommodityfordeliveryinJanuarynextyearcontractstradedhigherbyRs18,or0.59%toRs3,063perquintalin6,560lots.Analystssaidfreshpositionsbuilt-upbyspeculatorsafterapickupindemandatthespotmarketagainstrestrictedarrivalsfromproducingbelts,mainlyledtotheriseinchanaprices.
  • 5. 5 NEWS RECAP COMMODITY HEADLINES Mustard seed Surges On Strong Meal Export Demand. China Offloading Cotton Reducing Demand For Indian Variety. Soya Oil Stabilizes On Limited Supplies of Soyabean. Jeera To Remain Supportive On Weak Production Estimates. Coriander Plunges On Weak Demand In Kota Mandy. Castor seed Futures To Witness Further Decline In The Near Term. Rabi Oilseeds Sowing Down 9%. Turmeric Down On Poor Export Demand. Chana Down On Limited Demand In Pulses. Uttar Pradesh government announces wheat MSP at Rs 1,450 a quintal for FY15. 82 sugar mills start cane crushing in Uttar Pradesh.
  • 6. SPOT QUOTES 6 COMMODITY NAME LOCATION PRICE Guarseed Bikaner 4822.5 Gur Muzaffar Nagar 964.6 Jeera Unjha 11886.1 Maize -Feed/Industrial Grade Nizamabad 1214.55 Maize -Feed/Industrial Grade Davengere 1125 Maize -Feed/Industrial Grade Karimnagar 1177.5 Maize -Feed/Industrial Grade Sangli 1220 Maize -Feed/Industrial Grade Delhi 1315 Maize -Feed/Industrial Grade Gulabbagh 1177.7 Mustardseed Jaipur 3800 Mustardseed Alwar 3893.25 Pepper Kochi 72690 COMMODITY NAME LOCATION PRICE Barley Jaipur 1601.8 Castor Seed Disa 4742.85 Castor Seed 1 MT Disa 4742.85 Chana Bikaner 2965 Chana Delhi 3114.75 Chana Indore 2944.55 Chana 1 MT Delhi 3114.75 Coriander Kota 11386.6 Cotton Kadi 15664.6 Cotton Seed (Industrial Grade) Akola 1725 Cotton Seed Oilcake Akola 1395.25 Cotton Seed Oilcake Kadi 1397.2 Guar Gum Jodhpur 13804 Guar Seed 10 MT Jodhpur 4900
  • 7. Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do notaccept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them themost. 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 positionsinthe stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not readany views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfingand 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 toforward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly bythem. If found so then Serious Legal Actions can be taken.