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DAILY AGRI COMMODITY REPORT
14 May 2015
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Phone.: +61 422 063855
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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
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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
Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
JUNE 10477 10620 10410 10543 +0.63 19050
INTRADAY
LEVELS
SUPPORT SUPP.1
10429
SUPP. 2
10314
PIVOT
10524
Coriander short term
trend is down and June
continue in coming
days.RESISTAN
CE
RES. 1
10639
RES. 2
10734
CASTORSEED
JUNE 3821 3849 3803 3817 +0.10 51600
INTRADAY
LEVELS
SUPPORT SUPP. 1
3797
SUPP. 2
3777
PIVOT
3823
Castorseed short term
trend is up and June
continue in coming
days..RESISTAN
CE
RES. 1
3843
RES. 2
3869
TURMERIC
JUNE 8340 8388 8200 8218 -1.32 9310
INTRADAY
LEVELS
SUPPORT SUPP. 1
8149
SUPP. 2
8081
PIVOT
8269
Turmeric short term
trend is down and June
continue in coming
days.RESISTAN
CE
RES. 1
8337
RES. 2
8457
GUARGUM
JUNE 11800 11900 11380 11550 -1.20 11922
INTRADAY
LEVELS
SUPPORT SUPP. 1
11320
SUPP. 2
11090
PIVOT
11610
Guargum short term
trend is down and June
continue in coming
days.RESISTAN
CE
RES. 1
11840
RES. 2
12130
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3817 3813 +0.1
CHANA 4602 4652 -1.07
CORIANDER 10543 10477 +0.63
GUARGUM 11550 11690 -1.2
JEERA 17900 18080 -1.00
MUSTARD SEED 4028 4090 -1.52
SOYABEAN 4008 4143 -3.26
TURMERIC 8218 8328 -1.32
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
SOYABEAN 19-06-2015 3991.00 -167.00 -4.02%
RAPESEED-MUSTARD
SEED
20-05-2015 4001.00 -49.00 -1.21%
JEERA 20-05-2015 17400.00 -175.00 -1.00%
COTTON SEED OIL CAKE
AKOLA
20-05-2015 1862.00 -16.00 -0.85%
CHANA 20-05-2015 4528.00 -36.00 -0.79%
REFINED SOY OIL 19-06-2015 600.70 -4.10 -0.68%
TURMERIC 20-05-2015 8160.00 -20.00 -0.24%
BARLEY 20-05-2015 1233.00 -1.00 -0.08%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CASTOR SEED NEW 20-05-2015 3703.00 20.00 0.54%
CORIANDER 20-05-2015 10220.00 15.00 0.15%
Commodities In News
4
ECONOMIC NEWS
 Wheat production may fall by 4 per cent during the 2014-15 crop year
from record 95.85 million tonnes in the previous year as the crop was
affected due to the recent unseasonal rains and hailstorms."Wheat
production could be lower by 4 per cent from last year,The Agriculture
Ministry, in its second advanced estimate released in February, had
projected wheat output at 95.76 MT during 2014-15 crop year (July-
June) as against 95.85 MT in the previous year.However, the unseasonal
rains and hailstorms witnessed during March-April this year in various
states affected the rabi crops, including wheat."According to initial
reports received from various states after unseasonal rains...the estimates
show wheat production could drop by 4-5 per cent this year.India is the
world's second largest producer of wheat. Unseasonal rains and
hailstorms from February 28 till March 31 have affected crops in over 10
states, including major wheat producing states like Uttar Pradesh, Punjab
and Haryana.As on May 5, 2015 an estimated 18.23 million hectares
under crops were affected in the country due to unseasonal rains and
hailstorms.
 High Plains region in Texas is the beneficiary of the El Nino weather
pattern, which is promising news for this year’s cotton crop. El Nino,
which is the warming of the surface water in eastern and central Pacific
ocean will result in good chance of above normal precipitation this
planting season and Fall this year. Rainfall, coupled with low
temperature, will be beneficial for the cotton crop. the probability of
experiencing extreme hot summer is low unlike 2011 when there was a
continuous spell of 30 days of summer with temperature above 100
degree Fahrenheit.and High Plains region in the past week had witnessed
over an inch of rainfall with some places reaching as high as 10 inches.
Lubbock and the surrounding cotton growing areas are witnessing
showers, which have made most of the High Plains to be out of drought
condition. only 16% of Texas is in drought situation while California is
witnessing severe drought,producers have to plant in High Plains by
early June, the wet weather might be a concern in some places.
 Spot Chana witnessed some buying today amid very thing arrivals
though a continued moderation in the demand for other pulses is expected
to weigh on the sentiments. Chana arrivals dropped in Delhi in last few
days as supplies from Rajasthan and MP are moderating. The supplies
dropped to just 20 trucks today after coming in at 30 trucks yesterday. Spot
Chana trades at Rs 4635 per quintal, up Rs 30 per quintal in Delhi. Reports
are stating that crop which was sown early is likely to have endured some
losses following the unseasonal rains. The spot prices have dropped this
week from their highest mark in last two and half years.
 Spot markets witnessed some buying today after the recent drop in spot
prices under Rs 8000 mark. Turmeric stays supported as growers are
refusing to sell at lower levels. Traders are expecting further decline in the
coming days due to possibility of new supplies from other producing states,
primarily in Karnataka in near term. Spot prices are quoting at Rs 7966 per
quintal, up Rs 40 per quintal on the day.
 Guarseed stayed steady as stockists bought the commodity after a recent
correcton. The IMD noted that the south-west Monsoon is expected to hit
the country on time this year, arriving in Kerala on June 1st this year.
Though rainfall may remain below normal, prompting the government to
put in place a contingency plan and push crop insurance for farmers,
according to media reports. Monsoon is expected to be below normal due to
El Nino factor.The spot guarseed markets witnessed a drop in arrivals but
the prices failed to extend their recent gains after hitting a one year high in
the last week. The commodity gained today but the rally is unlikely to
sustain as traders eye the weather patterns.
 Coriander prices stayed supported in Kota amid excellent demand from
stockists. Spot prices had surged above Rs 10000 per quintal mark last
week amid worries that rainfall in Rajasthan would affect the quality of the
crop arriving in local mandies. The commodity has been on an upward
trajectory in last few days on lack of good quality crops even as arrivals
remained steady.
5
Fundamental Watch : Cotton
COTTON ARRIVALS AT KEY SPOT
MARKET
National Market Update
 Cotton production in India would be on lower side in 2015-16, said USDA.
Cotton output in the country would be around 6.423 million ton in the coming
season, slightly lower than when compared to the current season which would
be around 6.523 million tones. Acreage of cotton in India would shrink in the
coming season to 12 million hectares from 12.7 million hectares in the current
season. Yield of cotton would be higher at 535 kg per hectare in the coming
season as compared to 514 kg per hectare in the current season. Around 88
percent of cotton has arrived in the market as on 28 April, 2015 said CCI.
According to CCI approximately 34 million bales of cotton (roughly 88
percent of production estimates for MY 2014/15) has been arrived in the
market till the mentioned date which was 33.41 million bales during the
corresponding period last year. Cotton Corporation of India (CCI) has sold
1.08 million bales of cotton until May 7 this year from its stock procured
under MSP operation. According to the officials this is the highest offloading
of stock since 2012-13. On daily basis, CCI is releasing 70,000-75,000 bales
of cotton in domestic market. Despite the lower production world cotton
expected to rise in the coming season i.e. 2015-16 following thehigher demand
from SouthAsian countries.
 World cotton production is likely to decline in 2015-16 following the fall in
area and yield, said USDA. According to the first estimate for 2015/16
released on May 12, cotton production on the global front is likely to stand
around 24.22 million tons in 2015-16 around 6.73% lower when compared to
the estimated production for season 2014-15 which is 25.97 million tons.
Cotton acreage on global front would be around 31.77 million hectares around
6.09 percent lower when compared to acreage of current season which was
33.83 million hectares. Yield in the coming season according to USDA would
be around 763 kg per hectares around 0.65 percent lower when compared to
the yield of current season which was 768 kg per hectares.
CENTER 13-May-15 12-May-15 Change
AMRAVATI 300 425 -125
MAHESANA NA NA -
RAJKOT 1420 820 +600
PATAN 1715 1280 +435
DEESA NA NA -
BHIWANI NA NA -
GONDAL 700 367 +333
Technical Outlook
6
SELL CORIANDER JUNE BELOW 10410 TARGET 10385 10345 SL
ABOVE 10435
SELL GUARGUM JUNE BELOW 11430 TARGET 11380 11320 SL
ABOVE 11490
SELL TURMERIC JUNE BELOW 8166 TARGET 8126 8066 SL
ABOVE 8226
SELL CASTORSEED JUNE BELOW 3797 TARGET 3772 3742 SL
ABOVE 3822
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
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Epic research daily agri report 14th may 2015

  • 1. DAILY AGRI COMMODITY REPORT 14 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. Market Views 2 MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL CORIANDER JUNE 10477 10620 10410 10543 +0.63 19050 INTRADAY LEVELS SUPPORT SUPP.1 10429 SUPP. 2 10314 PIVOT 10524 Coriander short term trend is down and June continue in coming days.RESISTAN CE RES. 1 10639 RES. 2 10734 CASTORSEED JUNE 3821 3849 3803 3817 +0.10 51600 INTRADAY LEVELS SUPPORT SUPP. 1 3797 SUPP. 2 3777 PIVOT 3823 Castorseed short term trend is up and June continue in coming days..RESISTAN CE RES. 1 3843 RES. 2 3869 TURMERIC JUNE 8340 8388 8200 8218 -1.32 9310 INTRADAY LEVELS SUPPORT SUPP. 1 8149 SUPP. 2 8081 PIVOT 8269 Turmeric short term trend is down and June continue in coming days.RESISTAN CE RES. 1 8337 RES. 2 8457 GUARGUM JUNE 11800 11900 11380 11550 -1.20 11922 INTRADAY LEVELS SUPPORT SUPP. 1 11320 SUPP. 2 11090 PIVOT 11610 Guargum short term trend is down and June continue in coming days.RESISTAN CE RES. 1 11840 RES. 2 12130
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 3817 3813 +0.1 CHANA 4602 4652 -1.07 CORIANDER 10543 10477 +0.63 GUARGUM 11550 11690 -1.2 JEERA 17900 18080 -1.00 MUSTARD SEED 4028 4090 -1.52 SOYABEAN 4008 4143 -3.26 TURMERIC 8218 8328 -1.32 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % SOYABEAN 19-06-2015 3991.00 -167.00 -4.02% RAPESEED-MUSTARD SEED 20-05-2015 4001.00 -49.00 -1.21% JEERA 20-05-2015 17400.00 -175.00 -1.00% COTTON SEED OIL CAKE AKOLA 20-05-2015 1862.00 -16.00 -0.85% CHANA 20-05-2015 4528.00 -36.00 -0.79% REFINED SOY OIL 19-06-2015 600.70 -4.10 -0.68% TURMERIC 20-05-2015 8160.00 -20.00 -0.24% BARLEY 20-05-2015 1233.00 -1.00 -0.08% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CASTOR SEED NEW 20-05-2015 3703.00 20.00 0.54% CORIANDER 20-05-2015 10220.00 15.00 0.15%
  • 4. Commodities In News 4 ECONOMIC NEWS  Wheat production may fall by 4 per cent during the 2014-15 crop year from record 95.85 million tonnes in the previous year as the crop was affected due to the recent unseasonal rains and hailstorms."Wheat production could be lower by 4 per cent from last year,The Agriculture Ministry, in its second advanced estimate released in February, had projected wheat output at 95.76 MT during 2014-15 crop year (July- June) as against 95.85 MT in the previous year.However, the unseasonal rains and hailstorms witnessed during March-April this year in various states affected the rabi crops, including wheat."According to initial reports received from various states after unseasonal rains...the estimates show wheat production could drop by 4-5 per cent this year.India is the world's second largest producer of wheat. Unseasonal rains and hailstorms from February 28 till March 31 have affected crops in over 10 states, including major wheat producing states like Uttar Pradesh, Punjab and Haryana.As on May 5, 2015 an estimated 18.23 million hectares under crops were affected in the country due to unseasonal rains and hailstorms.  High Plains region in Texas is the beneficiary of the El Nino weather pattern, which is promising news for this year’s cotton crop. El Nino, which is the warming of the surface water in eastern and central Pacific ocean will result in good chance of above normal precipitation this planting season and Fall this year. Rainfall, coupled with low temperature, will be beneficial for the cotton crop. the probability of experiencing extreme hot summer is low unlike 2011 when there was a continuous spell of 30 days of summer with temperature above 100 degree Fahrenheit.and High Plains region in the past week had witnessed over an inch of rainfall with some places reaching as high as 10 inches. Lubbock and the surrounding cotton growing areas are witnessing showers, which have made most of the High Plains to be out of drought condition. only 16% of Texas is in drought situation while California is witnessing severe drought,producers have to plant in High Plains by early June, the wet weather might be a concern in some places.  Spot Chana witnessed some buying today amid very thing arrivals though a continued moderation in the demand for other pulses is expected to weigh on the sentiments. Chana arrivals dropped in Delhi in last few days as supplies from Rajasthan and MP are moderating. The supplies dropped to just 20 trucks today after coming in at 30 trucks yesterday. Spot Chana trades at Rs 4635 per quintal, up Rs 30 per quintal in Delhi. Reports are stating that crop which was sown early is likely to have endured some losses following the unseasonal rains. The spot prices have dropped this week from their highest mark in last two and half years.  Spot markets witnessed some buying today after the recent drop in spot prices under Rs 8000 mark. Turmeric stays supported as growers are refusing to sell at lower levels. Traders are expecting further decline in the coming days due to possibility of new supplies from other producing states, primarily in Karnataka in near term. Spot prices are quoting at Rs 7966 per quintal, up Rs 40 per quintal on the day.  Guarseed stayed steady as stockists bought the commodity after a recent correcton. The IMD noted that the south-west Monsoon is expected to hit the country on time this year, arriving in Kerala on June 1st this year. Though rainfall may remain below normal, prompting the government to put in place a contingency plan and push crop insurance for farmers, according to media reports. Monsoon is expected to be below normal due to El Nino factor.The spot guarseed markets witnessed a drop in arrivals but the prices failed to extend their recent gains after hitting a one year high in the last week. The commodity gained today but the rally is unlikely to sustain as traders eye the weather patterns.  Coriander prices stayed supported in Kota amid excellent demand from stockists. Spot prices had surged above Rs 10000 per quintal mark last week amid worries that rainfall in Rajasthan would affect the quality of the crop arriving in local mandies. The commodity has been on an upward trajectory in last few days on lack of good quality crops even as arrivals remained steady.
  • 5. 5 Fundamental Watch : Cotton COTTON ARRIVALS AT KEY SPOT MARKET National Market Update  Cotton production in India would be on lower side in 2015-16, said USDA. Cotton output in the country would be around 6.423 million ton in the coming season, slightly lower than when compared to the current season which would be around 6.523 million tones. Acreage of cotton in India would shrink in the coming season to 12 million hectares from 12.7 million hectares in the current season. Yield of cotton would be higher at 535 kg per hectare in the coming season as compared to 514 kg per hectare in the current season. Around 88 percent of cotton has arrived in the market as on 28 April, 2015 said CCI. According to CCI approximately 34 million bales of cotton (roughly 88 percent of production estimates for MY 2014/15) has been arrived in the market till the mentioned date which was 33.41 million bales during the corresponding period last year. Cotton Corporation of India (CCI) has sold 1.08 million bales of cotton until May 7 this year from its stock procured under MSP operation. According to the officials this is the highest offloading of stock since 2012-13. On daily basis, CCI is releasing 70,000-75,000 bales of cotton in domestic market. Despite the lower production world cotton expected to rise in the coming season i.e. 2015-16 following thehigher demand from SouthAsian countries.  World cotton production is likely to decline in 2015-16 following the fall in area and yield, said USDA. According to the first estimate for 2015/16 released on May 12, cotton production on the global front is likely to stand around 24.22 million tons in 2015-16 around 6.73% lower when compared to the estimated production for season 2014-15 which is 25.97 million tons. Cotton acreage on global front would be around 31.77 million hectares around 6.09 percent lower when compared to acreage of current season which was 33.83 million hectares. Yield in the coming season according to USDA would be around 763 kg per hectares around 0.65 percent lower when compared to the yield of current season which was 768 kg per hectares. CENTER 13-May-15 12-May-15 Change AMRAVATI 300 425 -125 MAHESANA NA NA - RAJKOT 1420 820 +600 PATAN 1715 1280 +435 DEESA NA NA - BHIWANI NA NA - GONDAL 700 367 +333
  • 6. Technical Outlook 6 SELL CORIANDER JUNE BELOW 10410 TARGET 10385 10345 SL ABOVE 10435 SELL GUARGUM JUNE BELOW 11430 TARGET 11380 11320 SL ABOVE 11490 SELL TURMERIC JUNE BELOW 8166 TARGET 8126 8066 SL ABOVE 8226 SELL CASTORSEED JUNE BELOW 3797 TARGET 3772 3742 SL ABOVE 3822
  • 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.