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DAILY AGRI COMMODITY REPORT
17 December 2015
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Info@epicresearch.co
1
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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
TURMERIC
APR 10606 10636 10418 10530 -0.32 8445
INTRADAY
LEVELS
SUPPORT SUPP. 1
10420
SUPP. 2
10310
PIVOT
10528
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
10638
RES. 2
10746
CORIANDER
JAN 9450 9560 9128 9128 -4.00 4790
INTRADAY
LEVELS
SUPPORT SUPP.1
8984
SUPP. 2
8840
PIVOT
9272
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
9416
RES. 2
9704
GUARGUM
JAN 5940 5990 5710 5890 +1.38 15811
INTRADAY
LEVELS
SUPPORT SUPP. 1
5583
SUPP. 2
5737
PIVOT
5863
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
6017
RES. 2
6143
CASTORSEED
JAN 3939 3939 3865 3900 -1.02 47330
INTRADAY
LEVELS
SUPPORT SUPP. 1
3864
SUPP. 2
3827
PIVOT
3901
Castorseed short term
trend is bullish and
May continue in
coming day.RESISTAN
CE
RES. 1
3938
RES. 2
3975
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3829 3862 -0.85
CHANA 5043 5068 -0.49
CORIANDER 10610 10731 -1.13
GUARGUM 5870 5770 +1.73
JEERA 14450 14720 -1.83
MUSTARD
SEED
4338 4172 +3.98
SOYABEAN 3592 3649 -1.56
TURMERIC 9500 9564 -0.67
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
BARLEY 18-12-2015 1392.00 -23.00 -1.63%
SOYABEAN 18-12-2015 3592.00 -56.00 -1.54%
CORIANDER 18-12-2015 10610.00 -140.00 -1.30%
CASTOR SEED NEW 18-12-2015 3829.00 -46.00 -1.19%
JEERA 18-12-2015 14450.00 -145.00 -0.99%
CHANA 18-12-2015 5043.00 -35.00 -0.69%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
RAPESEED-MUSTARD
SEED
18-12-2015 4338.00 177.00 4.25%
TURMERIC 18-12-2015 9500.00 50.00 0.53%
REFINED SOY OIL 18-12-2015 634.50 2.40 0.38%
Commodities In News
4
ECONOMIC NEWS
Changing the crop pattern, reduction of input cost and increase in
productivity were vital for improving the agriculture scenario, Union
Minister Nitin Gadkari said here.Gadkari, who is 'chief patron' of
Agrovision, an annual agricultural exhibition, was speaking at the
conclusion of the event.The minimum support prices of farm products were
not going to increase much as they were linked to global prices, and
therefore the farmers must think of changing crop patterns, reducing input
cost and increasing the productivity for profitable agriculture, the Union
Road Transport Minister said.Over five lakh people visited the exhibition
during the last four days and some 60,000 farmers participated in various
workshops during the exhibition, the organisers said.Gadkari advised the
farmers to switch to oil seeds, pulses and maize from the conventional
crops, avoid use of fertilisers and adopt organic farming
methods.Maharashtra Energy minister Chandrashekhar Bawankule, who
was the chief guest, listed various decisions of BJP-led state government
for the farmers in power sector.Under Atal solar agriculture pump scheme,
10,000 pumps, each costing Rs 5 lakh, would be distributed to farmers for
Rs 20,000 each, and if the scheme succeeded, five lakh such pumps would
be distributed in five years, he said.
Cotton crop spread over three lakh hectares has been damaged in Punjab
due to whitefly infestation, while soyabean, urad and moong crop have
suffered loss due to yellow mosaic virus in Madhya Pradesh, government
said.During the Kharif season this year, whitefly infestation was reported in
cotton crop in Punjab and Haryana.The Punjab government has reported
damage to cotton crop in 3.32 lakh hectares, especially in eight cotton
growing districts of Fazilka, Bhatinda, Mansa, Shri Muktsar Sahib,
Sangrur, Barnala, Faridkot and Moga, Agriculture Minister Radha Mohan
Singh said during Question Hour. He said the Haryana government has
ordered a special 'gridawari' (record of land cultivation) to assess the losses
in cotton due to whitefly attack.The two governments have so far not
submitted memorandum of financial assistance under National Disaster
Response Fund, Singh said.
Jeera settled down due to low demand and pickup in jeera sowing in
Gujarat. However reports of diminishing stocks and steady retail
demand limited the downside. Gujarat, the top cumin producing state,
has planted more cumin until now compared to last year sowing
progress. In Gujarat, jeera is planted about 7 per cent more area at 1,
99,200 hectares compared to 1,86,300 hectares last year same
time.According to govt data, exports for 2015-16 shows a decline trend
compared to last year until September. As per Agmarknet data, arrivals
of Jeera in Gujarat markets for the calendar year 2015 till Oct is lower
by 217 per cent at about 1.23 lt compared to 3.9 lt last year. According
to Dept of Commerce data, the export of jeera during first 5 month of
2015-16 (Apr-Sep) is 44,140 tonnes, which is, lower as compared to
last year same period. At Gondal (Guj.) market in Rajkot(Guj.) arrivals
were reported at 200 quintals, unchanged as compared to previous
day’s arrival. India's total carryover stock is currently estimated
between 0.7-0.8 Million bags versus 2.5 million bags a year ago.
Turmeric settled down as prospects of rising new crop arrivals in
coming weeks weighed on prices. There is concern over production due
to heavy rains in south India. Persistent rains in south peninsula since
last two weeks may damage turmeric crop in Tamilnadu and some parts
of Karnataka. As per Dept of commerce data, turmeric exports till
September, 2015 pegged at 50,916 tonnes while the export for the
2014-15 is 90,738 tonnes compared to 78,360 tonnes in FY14.As on
latest sowing data, turmeric sowing In AP, is recorded at 15,864
hectares increase over last years’ acreage as well normal sowing area
progress however in Telangana, the sowing area is lower than the
normal sowing area at 40,823 hac compared to 43,470 hac last year.
Prices of both the finger and root variety turmeric at Erode markets
touched Rs. 10,000 a quintal.
5
Fundamental Watch : Cotton
COTTON PRICES AT KEY SPOT MARKETNational Market Update
Cotton production estimates of India are revised down by ICAC at 6.27
million tons, around 0.5% lower when compared to the estimates of previous
week, which was 6.30 million tons. As compared to previous year, cotton
production in country is likely to fall by around 3.7%, as it was 6.51 million
tons previous season.
Cotton farmers in Gujarat may get bonus on the sale of cotton crop, besides
the MSP of Rs 810 per 20 kg as government is planning to support farmers by
providing the monetary benefits and eliminating despair among the cotton
farmers occurs often due to risk associated with the crop.
Cotton ending stocks in India is likely to go down by around 8% this year as
compared to the previous year. According to USDA, cotton stocks would stand
around 2.69 million tons by the end of season 2015-16 as compared to 2.93
million tons previous season.
Cotton exports from India noticed a remarkable rise in November as
compared to the previous month. During November the country exported
around 12.46 lakh bales of cotton as compared to 4.63 lakh bales during the
previous month and 7.34 lakh bales during the same month previous season.
However imports fell to almost half the quantity exported previous month.
Cotton imports during November was 0.55 lakh bales, which was 0.92 a
month earlier and 1.98 lakh bales during the same month a year earlier.
CENTER 15-Dec-15 14-Dec-15 Change
RAJKOT 4655 4635 +20
BHIWANI 4650 4625 +25
ADAMPUR 4545 4450 +95
AHMEDABAD 4600 4600 UNCH
GONDAL 4650 4600 +50
GUNTUR NA NA -
RAICHUR 4455 4400 +55
Technical Outlook
6
SELL CORIANDER JAN BELOW 9120 TARGET 9075 8925 SL
ABOVE 9185
SELL GUARGUM JAN BELOW 5860 TARGET 5810 5740 SL
ABOVE 5920
BUY TURMERIC APRIL ABOVE 10590 TARGET 10634 10694 SL
BELOW 10530
BUY CASTORSEED JAN ABOVE 3951 TARGET 3976 4006 SL
BELOW 3926
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 17 dec 2015

  • 1. DAILY AGRI COMMODITY REPORT 17 December 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 TURMERIC APR 10606 10636 10418 10530 -0.32 8445 INTRADAY LEVELS SUPPORT SUPP. 1 10420 SUPP. 2 10310 PIVOT 10528 Turmeric short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 10638 RES. 2 10746 CORIANDER JAN 9450 9560 9128 9128 -4.00 4790 INTRADAY LEVELS SUPPORT SUPP.1 8984 SUPP. 2 8840 PIVOT 9272 Coriander short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 9416 RES. 2 9704 GUARGUM JAN 5940 5990 5710 5890 +1.38 15811 INTRADAY LEVELS SUPPORT SUPP. 1 5583 SUPP. 2 5737 PIVOT 5863 Guargum short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 6017 RES. 2 6143 CASTORSEED JAN 3939 3939 3865 3900 -1.02 47330 INTRADAY LEVELS SUPPORT SUPP. 1 3864 SUPP. 2 3827 PIVOT 3901 Castorseed short term trend is bullish and May continue in coming day.RESISTAN CE RES. 1 3938 RES. 2 3975
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 3829 3862 -0.85 CHANA 5043 5068 -0.49 CORIANDER 10610 10731 -1.13 GUARGUM 5870 5770 +1.73 JEERA 14450 14720 -1.83 MUSTARD SEED 4338 4172 +3.98 SOYABEAN 3592 3649 -1.56 TURMERIC 9500 9564 -0.67 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % BARLEY 18-12-2015 1392.00 -23.00 -1.63% SOYABEAN 18-12-2015 3592.00 -56.00 -1.54% CORIANDER 18-12-2015 10610.00 -140.00 -1.30% CASTOR SEED NEW 18-12-2015 3829.00 -46.00 -1.19% JEERA 18-12-2015 14450.00 -145.00 -0.99% CHANA 18-12-2015 5043.00 -35.00 -0.69% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % RAPESEED-MUSTARD SEED 18-12-2015 4338.00 177.00 4.25% TURMERIC 18-12-2015 9500.00 50.00 0.53% REFINED SOY OIL 18-12-2015 634.50 2.40 0.38%
  • 4. Commodities In News 4 ECONOMIC NEWS Changing the crop pattern, reduction of input cost and increase in productivity were vital for improving the agriculture scenario, Union Minister Nitin Gadkari said here.Gadkari, who is 'chief patron' of Agrovision, an annual agricultural exhibition, was speaking at the conclusion of the event.The minimum support prices of farm products were not going to increase much as they were linked to global prices, and therefore the farmers must think of changing crop patterns, reducing input cost and increasing the productivity for profitable agriculture, the Union Road Transport Minister said.Over five lakh people visited the exhibition during the last four days and some 60,000 farmers participated in various workshops during the exhibition, the organisers said.Gadkari advised the farmers to switch to oil seeds, pulses and maize from the conventional crops, avoid use of fertilisers and adopt organic farming methods.Maharashtra Energy minister Chandrashekhar Bawankule, who was the chief guest, listed various decisions of BJP-led state government for the farmers in power sector.Under Atal solar agriculture pump scheme, 10,000 pumps, each costing Rs 5 lakh, would be distributed to farmers for Rs 20,000 each, and if the scheme succeeded, five lakh such pumps would be distributed in five years, he said. Cotton crop spread over three lakh hectares has been damaged in Punjab due to whitefly infestation, while soyabean, urad and moong crop have suffered loss due to yellow mosaic virus in Madhya Pradesh, government said.During the Kharif season this year, whitefly infestation was reported in cotton crop in Punjab and Haryana.The Punjab government has reported damage to cotton crop in 3.32 lakh hectares, especially in eight cotton growing districts of Fazilka, Bhatinda, Mansa, Shri Muktsar Sahib, Sangrur, Barnala, Faridkot and Moga, Agriculture Minister Radha Mohan Singh said during Question Hour. He said the Haryana government has ordered a special 'gridawari' (record of land cultivation) to assess the losses in cotton due to whitefly attack.The two governments have so far not submitted memorandum of financial assistance under National Disaster Response Fund, Singh said. Jeera settled down due to low demand and pickup in jeera sowing in Gujarat. However reports of diminishing stocks and steady retail demand limited the downside. Gujarat, the top cumin producing state, has planted more cumin until now compared to last year sowing progress. In Gujarat, jeera is planted about 7 per cent more area at 1, 99,200 hectares compared to 1,86,300 hectares last year same time.According to govt data, exports for 2015-16 shows a decline trend compared to last year until September. As per Agmarknet data, arrivals of Jeera in Gujarat markets for the calendar year 2015 till Oct is lower by 217 per cent at about 1.23 lt compared to 3.9 lt last year. According to Dept of Commerce data, the export of jeera during first 5 month of 2015-16 (Apr-Sep) is 44,140 tonnes, which is, lower as compared to last year same period. At Gondal (Guj.) market in Rajkot(Guj.) arrivals were reported at 200 quintals, unchanged as compared to previous day’s arrival. India's total carryover stock is currently estimated between 0.7-0.8 Million bags versus 2.5 million bags a year ago. Turmeric settled down as prospects of rising new crop arrivals in coming weeks weighed on prices. There is concern over production due to heavy rains in south India. Persistent rains in south peninsula since last two weeks may damage turmeric crop in Tamilnadu and some parts of Karnataka. As per Dept of commerce data, turmeric exports till September, 2015 pegged at 50,916 tonnes while the export for the 2014-15 is 90,738 tonnes compared to 78,360 tonnes in FY14.As on latest sowing data, turmeric sowing In AP, is recorded at 15,864 hectares increase over last years’ acreage as well normal sowing area progress however in Telangana, the sowing area is lower than the normal sowing area at 40,823 hac compared to 43,470 hac last year. Prices of both the finger and root variety turmeric at Erode markets touched Rs. 10,000 a quintal.
  • 5. 5 Fundamental Watch : Cotton COTTON PRICES AT KEY SPOT MARKETNational Market Update Cotton production estimates of India are revised down by ICAC at 6.27 million tons, around 0.5% lower when compared to the estimates of previous week, which was 6.30 million tons. As compared to previous year, cotton production in country is likely to fall by around 3.7%, as it was 6.51 million tons previous season. Cotton farmers in Gujarat may get bonus on the sale of cotton crop, besides the MSP of Rs 810 per 20 kg as government is planning to support farmers by providing the monetary benefits and eliminating despair among the cotton farmers occurs often due to risk associated with the crop. Cotton ending stocks in India is likely to go down by around 8% this year as compared to the previous year. According to USDA, cotton stocks would stand around 2.69 million tons by the end of season 2015-16 as compared to 2.93 million tons previous season. Cotton exports from India noticed a remarkable rise in November as compared to the previous month. During November the country exported around 12.46 lakh bales of cotton as compared to 4.63 lakh bales during the previous month and 7.34 lakh bales during the same month previous season. However imports fell to almost half the quantity exported previous month. Cotton imports during November was 0.55 lakh bales, which was 0.92 a month earlier and 1.98 lakh bales during the same month a year earlier. CENTER 15-Dec-15 14-Dec-15 Change RAJKOT 4655 4635 +20 BHIWANI 4650 4625 +25 ADAMPUR 4545 4450 +95 AHMEDABAD 4600 4600 UNCH GONDAL 4650 4600 +50 GUNTUR NA NA - RAICHUR 4455 4400 +55
  • 6. Technical Outlook 6 SELL CORIANDER JAN BELOW 9120 TARGET 9075 8925 SL ABOVE 9185 SELL GUARGUM JAN BELOW 5860 TARGET 5810 5740 SL ABOVE 5920 BUY TURMERIC APRIL ABOVE 10590 TARGET 10634 10694 SL BELOW 10530 BUY CASTORSEED JAN ABOVE 3951 TARGET 3976 4006 SL BELOW 3926
  • 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.