This daily commodity report from Epic Research India provides market updates and analysis on various agricultural commodities. It includes intraday support and resistance levels for dhaniya, castorseed, turmeric and guargum. It also lists the most active contracts, top gainers and losers, and the values of various NCDEX indices. Fundamental news is presented on paddy procurement in Chhattisgarh, the wheat crop outlook in India, and jeera, turmeric, chana and sugar prices. A technical outlook provides sell recommendations for certain contracts.

1. DAILYAGRI COMMODITY REPORT
04 Feb 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
YOUR MINTVISORY Call us at +91-731-6642300

2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
APR 7629 7710 7466 7545 -1.48 16120
INTRADAY
LEVELS
SUPPORT SUPP.1
7437
SUPP. 2
7330
PIVOT
7574
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
7681
RES. 2
7818
CASTORSEED
FEB 4147 4164 4098 4115 -1.18 28130
INTRADAY
LEVELS
SUPPORT SUPP. 1
4087
SUPP. 2
4060
PIVOT
4126
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
4053
RES. 2
4192
TURMERIC
APR 8070 8224 8060 8188 +1.39 8985
INTRADAY
LEVELS
SUPPORT SUPP. 1
8091
SUPP. 2
7993
PIVOT
8157
Turmeric short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
8255
RES. 2
8321
GUARGUM
FEB 10310 10550 10260 10330 +0.98 4978
INTRADAY
LEVELS
SUPPORT SUPP. 1
10210
SUPP. 2
10090
PIVOT
10380
Guargum Short term
trend is Down,
Expecting price may go
Down in coming days.RESISTAN
CE
RES. 1
10500
RES. 2
10670

3. Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
REFINED SOY OIL 20-02-2015 630.65 21.55 3.54%
SOYABEAN 20-02-2015 3445.00 112.00 3.36%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-04-2015 7545.00 -113.00 -1.48%
CASTOR SEED NEW 20-02-2015 4115.00 -49.00 -1.18%
RAPESEED-MUSTARD
SEED
20-04-2015 3334.00 -37.00 -1.10%
BARLEY 20-04-2015 1220.00 -11.50 -0.93%
COTTON SEED OIL CAKE
AKOLA
20-02-2015 1447.00 -10.00 -0.69%
CHANA 20-02-2015 3491.00 -16.00 -0.46%
REFINED SOY OIL 20-02-2015 628.60 -2.05 -0.33%
SOYABEAN 20-02-2015 3435.00 -11.00 -0.32%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4115 4164 -1.18
CHANA 3491 3507 -0.46
CORIANDER 7545 7658 -1.48
GUARGUM 10330 10230 +0.98
JEERA 14970 14785 +1.25
MUSTARD SEED 3334 3371 -1.10
SOYABEAN 3435 3446 -0.32
TURMERIC 8188 8076 +1.39

4. Commodities In News
4
ECONOMIC NEWS
About 63 lakh metric tonne paddy has been procured from farmers
in Chhattisgarh during this kharif season, under support price scheme.
"62,72,764 metric tonne paddy has been procured at cooperatives
societies across the state in 2014-15 kharif year," As many as 1,976
procurement centres were set up for the process which was held from
December 1, 2014, to January 31 this year .As per the statistics, the
highest procurement of 5,97,599 metric tonne was recorded in Janjgir-
Champa district, followed by Mahasamund (5.91 lakh MT),
Balodabazar-Bhatapara (5.25 lakh MT), Rajnandgaon (4.88 lakh MT)
and Raipur (4.33 lakh MT),hhattisgarh's BJP government had earlier
put a cap on paddy procurement in the state and declared that it would
procure only 10 quintals of paddy per acre of land in this kharif season
which had triggered statewide protest by farmers' associations .
India looks likely to harvest a bumper wheat crop this year, its eighth
in a row to exceed demand, possibly encouraging the government to
allow exports from overflowing grain bins.A slow start to the planting
season and a less than expected rise in the price at which the
government will buy new-season wheat from farmers had raised some
apprehension about a drop in output. But as the weather turned
favourable, planting gradually picked up the usual pace. Indian
farmers grow only one wheat crop a year. Planting starts in October,
with harvests from April. Wheat acreage hovers between 29 million
and 31 million hectares. "The last few spells of rains, intermittent fog
followed by sunshine and no large-scale pest infestation indicate a big
crop size, at least as big as the 2014 harvest," In 2014, India, the
world's biggest wheat producer after China, harvested a record 95.91
million tonnes, bumping up stocks to three times the target. But trade
experts say India has narrowly missed an opportunity to export wheat
as global prices have again nosed down and rival European supplies
have become cheaper.
 Jeera stayed steady after testing its three week low mark. Prices
have soared sharply in last few days as traders are eying major crop
losses in key producing states. Overall trading was very patchy today
as arrivals dropped to just 5000 bags. The spot prices are trading at Rs
15313 per quintal- up Rs 10 per quintal on the day. Rajasthan crop is
seen taking a hit to the tune of around 30% on poor weather. Gujarat
crop is also seen taking major losses.
Poor offtake from upcountry traders are affecting Turmeric prices.
Good arrivals were noted in Nizamabad today as well and the prices
tumbled amid thin demand. expecting this momentum to continue,
keeping prices slightly on a bearish track. Prices have already soared
by around 30% in last three weeks, hitting highs above Rs 8000 per
quintal. The counter is trading at Rs 7541 per quintal mark in
Nizamabad today, almost unchanged on the day.
Chana prices eased a bit as arrivals maintained their pace in Delhi
today. Traders continued to eye the weak sowing data. The major
producing belt in northern states has witnessed decent rainfall in last
few days, boosting hopes of excellent yields. The area under sowing of
Gram is at 83.93 lakh hectares this year while the last year's figure was
99.27 lakh hectares- down 15.45%. Area coverage under Total Pulses is
at 138.68 lakh hectares while the last year's sowing area coverage was
154.49 lakh hectares - down 10.23%.
Sugar is witnessing some demand now as stocksts are buying the
fresh stocks amid festivals around the country. Mill prices have
recovered from their lowest levels in three years. However, supplies are
equally good. The domestic Sugar production is up 27.3% in the first
three months of the 2014-15 season that began in October to hit 74.61
lakh tonnes (lt) as on December 31.

5. 5
Fundamental Watch :Sugar
SUGAR PRICEC AT KEY SPOT MARKETNational Market Update
 A global sugar deficit of about 5.2 million tons in 2015-16 Following the
sharp agitation by farmers’ association in Maharashtra, the state govt. had
issued legal notice to three sugar mills who had failed to make fair
remunerative payment for sugarcane crushed this season in 2014-15.Shares of
India’s sugar refiners (such as Renuka Sugars, Balrampur Chini mill, Bajaj
Hindustan) hiked on back of expected approval to sugar export subsidy this
week. ISMA raised its Indian sugar production estimate from 25-25.5 million
tons to 26 million tons for this MY 2014-15 (Oct, 1- Sep, 30). The revision has
been primarily made after evaluating a higher sugar production in west
Maharashtra and south Karnataka till date. sugar export subsidy at a rate of Rs
4000/tons up to the limit of 1.4 million tons of sugar. However, theproposal yet
needs to get sanctioned from the Union Cabinet after only which the scheme
will be truly implemented. The domestic Sugar production is up 27.3% in the
first three months of the 2014-15 season that began in October to hit 74.61
lakh tonnes (lt) as on December 31, according to latest data released by the
Indian Sugar Mills Association.
 The Brazilian govt. announced an increase in ethanol blending with
gasoline from 25 per cent at present to 27 per cent. The move is likely to help
the devastating sugar industry as more cane could now be diverted towards
ethanol production in the country.Amidst a higher global sugar surplus,
Brazilian raw sugar export declined 3.07% from 1.80 million tons in Jan, 2014
to 1.75 million tons this year in January. World sugar output is to fall for a
third successive season, and at an accelerated rate, as the impact of lower
prices feeds through into mill closures, forecasting a return to a significant
world production deficit. The influential analysis group, in its first forecast for
2015-16, estimated world production falling 5.25m tonnes behind
consumption, the biggest shortfall in six seasons. The forecast reflected an
estimate that output will fall 2m tonnes to 177.10m tonnes - extending a run of
declines from a 2012-13 peak of 180.67m tonnes.
CENTER 03-Feb-15 02-Feb-15 Change
DELHI 2880 2880 UNCH
DHAMPUR 2825 2860 -35
MUMBAI 2942 2942 UNCH
KOLHAPUR 2615 2650 -35
VIJAYAWADA 3140 3140 UNCH
NAGPUR 2950 2950 UNCH
AMBIKAPUR 3035 3035 UNCH

6. Technical Outlook
6
SELL DHANIYA APR BELOW 7470 TGTS 7440,7390 SL 7520 SELL GUARGUM FEB BELOW 10230 TGTS 10180,10080 SL 10320
SELL CASTORSEED FEB BELOW 4095 TGTS 4065,4025 SL 4135 SELL TMC APR BELOW 8105 TGTS 8055,7955 SL 8205

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.