This weekly commodity report provides an overview of price movements and trading recommendations for coriander, castorseed, turmeric and guargum. Coriander and guargum prices are expected to rise in the coming days while castorseed prices are expected to fall. The report also includes commodity spot quotes, economic news affecting commodities, and a recap of commodity headlines from the week.

1. WEEKLY AGRI COMMODITY REPORT
25 May 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
JUNE 10949 10344 10949 11931 +11.09 85930
INTRADAY
LEVELS
SUPPORT SUPP.1
11139
SUPP. 2
10346
PIVOT
11741
Coriander short term
trend is up, further
more upside is
expected in comimg
days.
RESISTAN
CE
RES. 1
12534
RES. 2
13136
CASTORSEED
JUNE 3809 4009 3781 3994 +6.48 158710
INTRADAY
LEVELS
SUPPORT SUPP. 1
3847
SUPP. 2
3700
PIVOT
3928
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
4075
RES. 2
4156
TURMERIC
JUNE 8152 8236 7960 8074 -1.66 21655
INTRADAY
LEVELS
SUPPORT SUPP. 1
7944
SUPP. 2
7814
PIVOT
8090
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
8220
RES. 2
8366
GUARGUM
JUNE 11490 11750 11050 11480 +3.70 20357
INTRADAY
LEVELS
SUPPORT SUPP. 1
11103
SUPP. 2
10727
PIVOT
11427
Guargum Short term
trend is down,
Expecting price may go
up in coming days.RESISTAN
CE
RES. 1
11803
RES. 2
12127

3. Weekly Recommendations
3
BUY CORIANDER JUNE ABOVE 12275 TARGET 12375 12475 SL BELOW 12125
SELL CORIANDER JUNE BELOW 11880 TARGET 11780 11680 SL ABOVE 12030
BUY GUARGUM JUNEABOVE 11750 TARGET 11900 12050 SL BELOW 11550
SELL GUARGUM JUNEBELOW 11050 TARGET 10900 10750 SL ABOVE 11250

4. Commodities In News
4
ECONOMIC NEWS
 The crisis in Indian sugar industry is a continuing tale which promises
no immediate respite. Industry players say sugar mills may find it difficult
to start their crushing operations nextseason which is only 4-5 months
away.Due to depressed global sugar prices which are not still not viable
for export of both raw and export, sugar exports are at a very low pace.
According to the data by Indian Sugar Mills Association(ISMA), so far,
mills have exported only 4.6 lac tons of sugar till first week of May, 2015.
Another 2-3 lac tons of sugar may get exported in the remaining period of
the season. Closing stock at the end of the current season is estimated to be
at a higher level of around 103 lac tons, the highest in the last six sugar
seasons. Sugar prices in the domestic market is highly depressed and are
ruling at Rs. 2600 per quintal in Northern parts of the country and at Rs.
2300 per quintal in Southern and Western parts of the country. Cane price
arrears have crossed Rs. 21,000 crore which is almost 35% of the total
cane price payable in the season. It also means that either 1 out of 3
farmers have not got the payment or the farmer has not got payment for
35% of his produce,This is the worst ever situation in the history of the
Indian sugar sector. However, despite such huge can eprice arrears, area
under sugarcane is estimated to remain at the same level and sugarcane
availability in the next year seems to be more than the requirement for the
fifth year in continuation,”.Returns to farmers from sugarcane is almost
50% more than the returns from the competing crops like wheat and
paddy, cotton, etc.The cane price have gone up by over 50% in the last
three years, unmatched by any other crop in the country. On the other
hand, the sugar price have only fallen and are at its lowest in the last 6
years.The industrycalls for rationalizing cane pricing policy across the
country and check the huge mismatch between sugarcane price and sugar
price which is currently distorting the economics of sugarcane and sugar
production.The reason for surplus sugar is only because surplus sugarcane
is getting produced and the mills are under legal compulsion to crush all
the sugarcane, resulting in surplus sugar.
 Follow up buying was seen in jeera market today due to strong export
demand from Bangladesh. Tight arrivals in major trading centres have kept
Jeera buoyant in local mandies. Arrivals have been reported around 5000-
6000 bags in Unjha today. Harvesting has been affected on late rains in
Rajasthan and overall output could suffer. According to a latest update from
the Agriculture Ministry there has been an increase in the area under Rabi
crop coverage that was affected by unseasonal rainfall and hailstorms from
late February to early April. The revised figure on the basis of State-wise
data has more than doubled from the April 16 estimate of 93.82 lakh
hectares (lh) and as stands at 189.81 lakh hectares (lh) as of April 24.
 Prospects of lower production this year along with rising Crude Oil prices,
leading to improved export demand could support Guargum price. With
Guar being used for oil drilling purpose, export demand from US is expected
to rise on recovery in Crude Oil prices.Satisfactory progress of Monsoon
towards Kerala kept uptrend limited for Guar on Thursday as rates fell on
apprehensions of improved sowing. Reports of sowing already starting early
in parts of Rajasthan and Haryana with the recent rains and irrigation
facilities are already pressurizing prices. Because of lower rates, Indian
export of Guargum has increased. In first 11 month of 2014-15, export rose
more than 21% to 6.62 lakh tons while in same period of 2013-14 only 5.45
lakh tons gum was exported.
 Good demand and low production supported NCDEX Chana prices.As
per 3rd Advance Estimates for 2014-15, production of pulses estimated at
17.38 million tons is lower by 1.87 million tons than last year’s production.
Chana production is estimated at 7.59 million tons vs 9.53 million tons last
year.In April, pulses import value has risen more than 48% to Rs 1,197.04 cr
vs Rs 808.26 cr same period last year. Indian consumption is 23-24 million
tons and a fall in production would raise imports. As per reports, Pulses
imports could rise to 4.5-5 million tons this year vs 3.65million tons in 2013-
14.Reports from Australia indicate a 22.5% fall in Pulses production and
more than 30% fall in Chick Peas production in 2014-15 vs that in 2013-14.

5. 5
NEWS RECAP
COMMODITY HEADLINES
 Soybean Oil Stocks In United States Higher By 1.5% in April.
 Cotton Output Expected 5.6 Down Y-o-Y.
 Sugarcane price arrears cross Rs 21,000 crore in 2014-15 season.
 Indian economy to recover slowly;7.6% growth in FY3/16.
 India Exported 31.9 Thousand Tons Of Sugar Last Week.
 Kharif Cotton Area Higher This Year So Far.
 In two months, 38% more expensive guar seed, monsoon eye on.
 Agriculture, allied sector's contribution just 22% in UP GSDP.
 Coriander prices buoyant, a return of 100% in 75 days.
 Firmness In Castor Seed Market Likely To Continue.
 The government bought wheat last year, more than 2%, far from.

6. SPOT QUOTES
6
COMMODITY NAME LOCATION PRICE
Mustardseed Jaipur 4190.3
Mustardseed Alwar 4201.75
Ref Soya Oil Nagpur 609.5
Ref Soya Oil Indore 601.7
Ref Soya Oil Mumbai 595
Soy Bean Kota 3850
Soy Bean Indore 3978
Soy Bean Nagpur 3978
Soybean 2 MT Indore 3978
Soymeal Indore 35394
Sugar M Grade Kolhapur 2475
Sugar M Grade Kanpur 2719
COMMODITY NAME LOCATION PRICE
Castor Seed Deesa 3925
Castor Seed 2 MT Deesa 3925
Chana Bikaner 4515
Chana Delhi 4600
Chana Indore 4551.6
Chana 2 MT Delhi 4600
Coriander Kota 11041.65
Cotton Kadi 16851.8
Cotton Seed (Industrial
Grade)
Akola 2204
Cotton Seed Oilcake Akola 1787.4
Cotton Seed Oilcake Kadi 1893.45
Crude Palm Oil Kandla 451.95
Guar Gum Jodhpur 11272.15

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.