Indian sugar mills owe record $4.38 billion to 50 million cane farmers for their unpaid produce over the past year. Years of bumper cane harvests and overproduction of sugar have severely impacted mills' finances, causing huge arrears to farmers. Farm leaders criticize the Indian government for not doing enough to ensure timely payments to farmers as promised. The unpaid dues affect farmers in the major cane producing states of Uttar Pradesh, Maharashtra, Bihar, Punjab, Haryana and Karnataka.

1. 15-APRIL-2019
Agri Commodity Update
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2. Most Active Contract
Agri Commodity Update
TOP GAINERS
SYMBOL
EXPIRY
DATE
LAST PRICE CHANGE CHANGE %
Chana Jul19 4650
- 1.55
Cotton Seed
Oilcake
Apr19 2446
- 1.54
INDICES
Constituents Expiry Open High Low Change
Barley 16-Apr-19 1720 1734 1717.5 0.55
Castor Seed 16-Apr-19 6102 6102 5988 0.76
Cotton Seed
Oilcake -
Guar Gum 5
MT
Apr19 9030
- 1.48
TOP LOSERS-
SYMBOL EXPIRY DATE LAST PRICE CHANGE CHANGE %
Soy Bean Sep19 3800
- -1.94
Turmeric Apr19 6510 - -0.34
Jeera May19 16450
- -0.24
Castor Seed 16-Apr-19 6102 6102 5988 0.76
Chana 16-Apr-19 4475 4526 4464 1.42
Coriander 16-Apr-19 7186 7207 7170 0.39
Guar Seed 10
MT
16-Apr-19 4448 4454 4448 0.18
Jeera 16-Apr-19 16390 16440 16360 0.21
Soy Bean 16-Apr-19 3727 3730 3705 1.28

3. Commodities In News
Agri Commodity Update
India's money-losing sugar mills have run up a record $4.38 billion in arrears to
50 million cane farmers, who have gone unpaid for their produce for more than
a year, industry and government sources said on Thursday. Years of bumper cane
harvests and record sugar production have hammered domestic prices, hitting
mills' financial health to such an extent that monies owed to farmers, who form
an influential voting bloc, have ballooned to an all-time high. Farm leaders
say Prime Minister Narendra Modi's government has not done enough to help
them get the cash owed them. Modi's office did not respond to an email seeking
comment. "The prime minister publicly promised farmers - in 2014 and 2017 - to
help them get their payments within 15 days of selling their produce to sugar
mills," said M.V. Singh, convener of the Rashtriya Kisan Mazdoor Sang, or
National Forum of Farmers and Labourers. Despite the promise, Modi's
government has done little to . to ensure timely payments, Singh said. The
unpaid dues affect growers in the key cane-producing states of Uttar Pradesh,
Maharashtra, Bihar, Punjab, Haryana and Karnataka.
.
India's money-losing sugar mills have run up a record $4.38 billion in arrears to
50 million cane farmers, who have gone unpaid for their produce for more than
a year, industry and government sources said on Thursday. Years of bumper cane
harvests and record sugar production have hammered domestic prices, hitting
mills' financial health to such an extent that monies owed to farmers, who form
an influential voting bloc, have ballooned to an all-time high. Farm leaders
say Prime Minister Narendra Modi's government has not done enough to help
them get the cash owed them. Modi's office did not respond to an email seeking
comment. "The prime minister publicly promised farmers - in 2014 and 2017 - to
help them get their payments within 15 days of selling their produce to sugar
mills," said M.V. Singh, convener of the Rashtriya Kisan Mazdoor Sang, or
National Forum of Farmers and Labourers. Despite the promise, Modi's
government has done little to . to ensure timely payments, Singh said. The
unpaid dues affect growers in the key cane-producing states of Uttar Pradesh,
Maharashtra, Bihar, Punjab, Haryana and Karnataka.
.

4. Market Summary
Agri Commodity Update
GUARGUM
BUY GUARGUM MAY ABOVE 9229 TARGET 9259 9319 9369 SL BELOW 9179
SELL GUARGUM MAY BELOW 9110 TARGET 9080 9020 8970 SL ABOVE 9160

5. Technical Outlook
Agri Commodity Update
DHANIYA
BUY DHANIYA MAY ABOVE 7284 TARGET 7299 7359 7429 SL BELOW 7254
SELL DHANIYA MAY BELOW 7220 TARGET 7205 7145 7075 SL ABOVE 7250

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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. 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 ex-pressed as a
recommendation for which either the site or its owners or anyone can be held responsible. Any surfing and reading of the information is the acceptance of this
disclaimer. Investment in equity, futures, Forex and commodity 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
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LOVELESH
SHARMA
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Date: 2019-04-15 09:05+05:30