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DAILY AGRI COMMODITY REPORT
15 May 2015
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Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
JUNE 10485 10642 10456 10600 +1.04 16840
INTRADAY
LEVELS
SUPPORT SUPP.1
10490
SUPP. 2
10380
PIVOT
10566
Coriander short term
trend is down and June
continue in coming
days.RESISTAN
CE
RES. 1
10676
RES. 2
10752
CASTORSEED
JUNE 3820 3888 3820 3844 +0.79 72190
INTRADAY
LEVELS
SUPPORT SUPP. 1
3813
SUPP. 2
3783
PIVOT
3851
Castorseed short term
trend is up and June
continue in coming
days..RESISTAN
CE
RES. 1
3881
RES. 2
3919
TURMERIC
JUNE 8200 8294 8180 8244 +0.29 7710
INTRADAY
LEVELS
SUPPORT SUPP. 1
8185
SUPP. 2
8125
PIVOT
8239
Turmeric short term
trend is down and June
continue in coming
days.RESISTAN
CE
RES. 1
8299
RES. 2
8353
GUARGUM
JUNE 11460 11730 11430 11500 -0.09 9103
INTRADAY
LEVELS
SUPPORT SUPP. 1
11377
SUPP. 2
11253
PIVOT
11553
Guargum short term
trend is down and June
continue in coming
days.RESISTAN
CE
RES. 1
11677
RES. 2
11853
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3732 3700 +0.86
CHANA 4549 4530 +0.42
CORIANDER 10350 10240 +1.07
GUARGUM 11180 11300 -1.06
JEERA 17800 17905 -0.59
MUSTARD SEED 4061 4027 +0.84
SOYABEAN 4053 4004 +1.22
TURMERIC 8244 8220 +0.29
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-05-2015 17250.00 -200.00 -1.15%
BARLEY 20-05-2015 1230.00 -3.00 -0.24%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
SOYABEAN 19-06-2015 4053.00 45.00 1.12%
CASTOR SEED NEW 20-05-2015 3732.00 33.00 0.89%
RAPESEED-MUSTARD
SEED
20-05-2015 4040.00 30.00 0.75%
CORIANDER 20-05-2015 10350.00 60.00 0.58%
REFINED SOY OIL 19-06-2015 606.15 2.95 0.49%
COTTON SEED OIL CAKE
AKOLA
20-05-2015 1862.00 6.00 0.32%
TURMERIC 20-05-2015 8180.00 20.00 0.25%
CHANA 20-05-2015 4549.00 4.00 0.09%
Commodities In News
4
ECONOMIC NEWS
 India's foodgrains production is estimated to have declined by 5.25 per
cent to 251.12 million tonnes in 2014-15 crop year due to poor monsoon
and unseasonal rain in past two months.The country had registered a
record foodgrain production of 265.04 million tonnes in 2013-14 crop
year (July-June). Wheat, rice, coarse cereals and pulses are part of
foodgrain basket.While releasing the third advance estimates for 2014-
15, the Agriculture Ministry today said the production of most of the
crops fell because of bad monsoon in 2014 and unseasonal
rains/hailstorms during March-April 2015 that affected kharif (summer-
sown) and rabi (winter-sown) crops.Rice production is estimated to have
fallen to 102.54 million tonnes in 2014-15 against the record output of
106.65 million tonnes in the previous year.It may, however, be noted that
wheat and rice stocks with government are 51.17 million tonnes as of
May this year, as against buffer norm of 21 million tonnes as of April
2015.The ministry has revised downwards the production of foodgrains
as well as that of rice and wheat from its earlier estimates released on
February 18 this year. Foodgrains output was then pegged at 257.07
million tonnes; rice at 103.04 million tonnes and wheat at 95.76 million
tonnes."It may be noted that production of kharif crops during 2014-15
suffered due to bad monsoon. Unseasonal rains/ hailstorm during Feb-
March 2015 had significant impact on production of rabi crops.India had
received 12 per cent deficient rains in south west monsoon in
2014."Total foodgrains production in the country is estimated at 251.12
million tonnes (MT) which is lower by 13.92 MT than the last year's
record foodgrains production of 265.04 MT."Coarse cereals output is
estimated at 40.42 MT, down by 2.87 MT in the previous year, while
pulses production is likely to have dipped by 1.87 MT to 17.38 MT. The
total production of coarse cereals, estimated at 40.42 MT, is lower by
2.87 MT.Pegged at 17.38MT, the output of pulses is lower 1.87 million
tonnes.Oilseed production is estimated at 27.38 million tones, a decrease
of 5.37 million tonnes.
 Turmeric futures managed to end with moderate gains on short covering
triggered by weak production estimations. T Slight rainfall in Erode capped
the gains for Turmeric today. Turmeric has stayed supported off late 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. Andhra Agri
University reported that Tamil Nadu and Karnataka recorded lower acreage
in turmeric last year, down by 6-10 percent year-on-year due to delayed
monsoon and poor price realization in the previous year along with
concerns over crop loss due to cyclone Hudhud that hit the state of Andhra
Pradesh in October, 2014. The extended monsoon has further reduced the
prospect of good production in Maharashtra, Andhra Pradesh and
Karnataka. Thus the production is likely to be down by about 15-18 per
cent compared with last year. Turmeric prices are likely to firm up in the
coming months on short supply and robust demand. The existing stocks
stand at 40 lakh bags in India and the expected output this year (2015) is
37-38 lakh bags. The turmeric futures dropped from the high on long
liquidation amid arrival pressure from the new crop. The June delivery off
the high of Rs 9060 and found support at Rs 8166 level. The counter ended
the day at Rs 8244, up Rs 24 or 0.29% over last close and the open interest
pared 235 tonnes to 33,285 tonnes, indicating short covering.
 NCDEX Coriander futures edged up today in what is turning out to be a
thinly tradedsession for agri commodities. Coriander prices stayed
supported in Kota amid excellentdemand from stockists. Spot prices had
surged above Rs 10000 per quintal mark last weekamid worries that rainfall
in Rajasthan would affect the quality of the crop arriving inlocal mandies.
The commodity has been on an upward trajectory in last few days on lack
ofgood quality crops even as arrivals remained steady. The Spot prices
linger at Rs 9900 perquintal in Kota, up Rs 40 per quintal on the day. The
counter had tested lows near Rs 10400per quintal earlier in the week – its
lowest levels in nearly three weeks beforesupportive spot markets triggered
good upside.
5
Fundamental Watch : Castorseed
CASTORSEED ARRIVALS AT KEY SPOT
MARKET
National Market Update
 Castor cash markets traded firm taking clue from futures as buyers in
futures continue to build up stock in forward months. Planters increased
interest on higher price too lent support to cash market fundamental. However,
market is unlikely to sustain at higher level. Agriculture statistics Division,
DES has released Third Adv estimates of Production of foodgrains for 2014-
15 on 13.05 2015.It has revised castor production estimate down by 87
thousand tonne to 18.24 lakh tonne.In second Adv Est. castor production was
estimated at 19.11 lakh tonne.The minor decrease in third Adv . Est is mainly
attributed to inclement weather and yield loss. India has produced 17.27 lakh
tonne castor seed in 2013-14.Target for the year was 16.65 lakh tonne. Castor
meal export during last week(20 to 1st Mat 8th May,2015 was registered at
16774 MT on average FOB price of $118 per MT. Taiwan, Korea and Japan
remained the major buyers last week. Shipment is likely toincrease in the
month of May. Castor oil FOb Kandla decreased from$1205 to $1190 per
tonne this week despite improved seed price. However it is ruling lower
by15.85 percent in comparison to May 2014.It was ruling$1396 per tonne in
April 2014.However,oil price in local market has decreased from Rs 76500 to
rs 75,500 per tonne as demand from local industries is poor at this point of
time.Castor Oil commercial is being traded at 76500 per tonne, almost Rs
1000 higher from the fourth week of April. It is almost 7.60 percent lower than
price realized in April.
 The weak economic scenario in China and Europe has reflected in castor oil
export volume in 2014. China imported 24 percent lower oil in 2014
incomparison to 2013.However, good news is that improvement by 15 percent
is expected now. Castor oil in Rotterdam decreased from $1700 to $1525 per
tonne in last one month and may touch $1500 per tonne in the month of
March. Pressure on Indian market and decreasing trend continue to impact
global market in the weeks ahead.
CENTER 14-May-15 13-May-15 Change
SUMERPUR 1440 2400 -960
JODHPUR 160 160 UNCH
RAJKOT 650 625 +25
GONDAL 207 418 -211
PATAN 12000 12000 UNCH
MAHESANA 1200 1440 -240
DEESA 3200 4000 -800
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
BUY TURMERIC JUNE ABOVE 8306 TARGET 8346 8406 SL
BELOW 8246
BUY CASTORSEED JUNE ABOVE 3888 TARGET 3913 3943 SL
BELOW 3863
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 15th may 2015

  • 1. DAILY AGRI COMMODITY REPORT 15 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 10485 10642 10456 10600 +1.04 16840 INTRADAY LEVELS SUPPORT SUPP.1 10490 SUPP. 2 10380 PIVOT 10566 Coriander short term trend is down and June continue in coming days.RESISTAN CE RES. 1 10676 RES. 2 10752 CASTORSEED JUNE 3820 3888 3820 3844 +0.79 72190 INTRADAY LEVELS SUPPORT SUPP. 1 3813 SUPP. 2 3783 PIVOT 3851 Castorseed short term trend is up and June continue in coming days..RESISTAN CE RES. 1 3881 RES. 2 3919 TURMERIC JUNE 8200 8294 8180 8244 +0.29 7710 INTRADAY LEVELS SUPPORT SUPP. 1 8185 SUPP. 2 8125 PIVOT 8239 Turmeric short term trend is down and June continue in coming days.RESISTAN CE RES. 1 8299 RES. 2 8353 GUARGUM JUNE 11460 11730 11430 11500 -0.09 9103 INTRADAY LEVELS SUPPORT SUPP. 1 11377 SUPP. 2 11253 PIVOT 11553 Guargum short term trend is down and June continue in coming days.RESISTAN CE RES. 1 11677 RES. 2 11853
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 3732 3700 +0.86 CHANA 4549 4530 +0.42 CORIANDER 10350 10240 +1.07 GUARGUM 11180 11300 -1.06 JEERA 17800 17905 -0.59 MUSTARD SEED 4061 4027 +0.84 SOYABEAN 4053 4004 +1.22 TURMERIC 8244 8220 +0.29 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % JEERA 20-05-2015 17250.00 -200.00 -1.15% BARLEY 20-05-2015 1230.00 -3.00 -0.24% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % SOYABEAN 19-06-2015 4053.00 45.00 1.12% CASTOR SEED NEW 20-05-2015 3732.00 33.00 0.89% RAPESEED-MUSTARD SEED 20-05-2015 4040.00 30.00 0.75% CORIANDER 20-05-2015 10350.00 60.00 0.58% REFINED SOY OIL 19-06-2015 606.15 2.95 0.49% COTTON SEED OIL CAKE AKOLA 20-05-2015 1862.00 6.00 0.32% TURMERIC 20-05-2015 8180.00 20.00 0.25% CHANA 20-05-2015 4549.00 4.00 0.09%
  • 4. Commodities In News 4 ECONOMIC NEWS  India's foodgrains production is estimated to have declined by 5.25 per cent to 251.12 million tonnes in 2014-15 crop year due to poor monsoon and unseasonal rain in past two months.The country had registered a record foodgrain production of 265.04 million tonnes in 2013-14 crop year (July-June). Wheat, rice, coarse cereals and pulses are part of foodgrain basket.While releasing the third advance estimates for 2014- 15, the Agriculture Ministry today said the production of most of the crops fell because of bad monsoon in 2014 and unseasonal rains/hailstorms during March-April 2015 that affected kharif (summer- sown) and rabi (winter-sown) crops.Rice production is estimated to have fallen to 102.54 million tonnes in 2014-15 against the record output of 106.65 million tonnes in the previous year.It may, however, be noted that wheat and rice stocks with government are 51.17 million tonnes as of May this year, as against buffer norm of 21 million tonnes as of April 2015.The ministry has revised downwards the production of foodgrains as well as that of rice and wheat from its earlier estimates released on February 18 this year. Foodgrains output was then pegged at 257.07 million tonnes; rice at 103.04 million tonnes and wheat at 95.76 million tonnes."It may be noted that production of kharif crops during 2014-15 suffered due to bad monsoon. Unseasonal rains/ hailstorm during Feb- March 2015 had significant impact on production of rabi crops.India had received 12 per cent deficient rains in south west monsoon in 2014."Total foodgrains production in the country is estimated at 251.12 million tonnes (MT) which is lower by 13.92 MT than the last year's record foodgrains production of 265.04 MT."Coarse cereals output is estimated at 40.42 MT, down by 2.87 MT in the previous year, while pulses production is likely to have dipped by 1.87 MT to 17.38 MT. The total production of coarse cereals, estimated at 40.42 MT, is lower by 2.87 MT.Pegged at 17.38MT, the output of pulses is lower 1.87 million tonnes.Oilseed production is estimated at 27.38 million tones, a decrease of 5.37 million tonnes.  Turmeric futures managed to end with moderate gains on short covering triggered by weak production estimations. T Slight rainfall in Erode capped the gains for Turmeric today. Turmeric has stayed supported off late 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. Andhra Agri University reported that Tamil Nadu and Karnataka recorded lower acreage in turmeric last year, down by 6-10 percent year-on-year due to delayed monsoon and poor price realization in the previous year along with concerns over crop loss due to cyclone Hudhud that hit the state of Andhra Pradesh in October, 2014. The extended monsoon has further reduced the prospect of good production in Maharashtra, Andhra Pradesh and Karnataka. Thus the production is likely to be down by about 15-18 per cent compared with last year. Turmeric prices are likely to firm up in the coming months on short supply and robust demand. The existing stocks stand at 40 lakh bags in India and the expected output this year (2015) is 37-38 lakh bags. The turmeric futures dropped from the high on long liquidation amid arrival pressure from the new crop. The June delivery off the high of Rs 9060 and found support at Rs 8166 level. The counter ended the day at Rs 8244, up Rs 24 or 0.29% over last close and the open interest pared 235 tonnes to 33,285 tonnes, indicating short covering.  NCDEX Coriander futures edged up today in what is turning out to be a thinly tradedsession for agri commodities. Coriander prices stayed supported in Kota amid excellentdemand from stockists. Spot prices had surged above Rs 10000 per quintal mark last weekamid worries that rainfall in Rajasthan would affect the quality of the crop arriving inlocal mandies. The commodity has been on an upward trajectory in last few days on lack ofgood quality crops even as arrivals remained steady. The Spot prices linger at Rs 9900 perquintal in Kota, up Rs 40 per quintal on the day. The counter had tested lows near Rs 10400per quintal earlier in the week – its lowest levels in nearly three weeks beforesupportive spot markets triggered good upside.
  • 5. 5 Fundamental Watch : Castorseed CASTORSEED ARRIVALS AT KEY SPOT MARKET National Market Update  Castor cash markets traded firm taking clue from futures as buyers in futures continue to build up stock in forward months. Planters increased interest on higher price too lent support to cash market fundamental. However, market is unlikely to sustain at higher level. Agriculture statistics Division, DES has released Third Adv estimates of Production of foodgrains for 2014- 15 on 13.05 2015.It has revised castor production estimate down by 87 thousand tonne to 18.24 lakh tonne.In second Adv Est. castor production was estimated at 19.11 lakh tonne.The minor decrease in third Adv . Est is mainly attributed to inclement weather and yield loss. India has produced 17.27 lakh tonne castor seed in 2013-14.Target for the year was 16.65 lakh tonne. Castor meal export during last week(20 to 1st Mat 8th May,2015 was registered at 16774 MT on average FOB price of $118 per MT. Taiwan, Korea and Japan remained the major buyers last week. Shipment is likely toincrease in the month of May. Castor oil FOb Kandla decreased from$1205 to $1190 per tonne this week despite improved seed price. However it is ruling lower by15.85 percent in comparison to May 2014.It was ruling$1396 per tonne in April 2014.However,oil price in local market has decreased from Rs 76500 to rs 75,500 per tonne as demand from local industries is poor at this point of time.Castor Oil commercial is being traded at 76500 per tonne, almost Rs 1000 higher from the fourth week of April. It is almost 7.60 percent lower than price realized in April.  The weak economic scenario in China and Europe has reflected in castor oil export volume in 2014. China imported 24 percent lower oil in 2014 incomparison to 2013.However, good news is that improvement by 15 percent is expected now. Castor oil in Rotterdam decreased from $1700 to $1525 per tonne in last one month and may touch $1500 per tonne in the month of March. Pressure on Indian market and decreasing trend continue to impact global market in the weeks ahead. CENTER 14-May-15 13-May-15 Change SUMERPUR 1440 2400 -960 JODHPUR 160 160 UNCH RAJKOT 650 625 +25 GONDAL 207 418 -211 PATAN 12000 12000 UNCH MAHESANA 1200 1440 -240 DEESA 3200 4000 -800
  • 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 BUY TURMERIC JUNE ABOVE 8306 TARGET 8346 8406 SL BELOW 8246 BUY CASTORSEED JUNE ABOVE 3888 TARGET 3913 3943 SL BELOW 3863
  • 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.