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DAILYAGRI COMMODITY REPORT
18 December 2014
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Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
JAN 12930 13089 12810 12995 +0.24 9720
INTRADAY
LEVELS
SUPPORT SUPP.1
12841
SUPP. 2
12688
PIVOT
12964
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
13117
RES. 2
13240
CASTORSEED
JAN 4711 4759 4703 4751 +0.76 72260
INTRADAY
LEVELS
SUPPORT SUPP. 1
4716
SUPP. 2
4682
PIVOT
4738
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
4772
RES. 2
4794
TURMERIC
APR 7920 8000 7816 7980 +1.24 7950
INTRADAY
LEVELS
SUPPORT SUPP. 1
7864
SUPP. 2
7748
PIVOT
7932
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
8048
RES. 2
8116
GUARGUM
JAN 11420 11650 11260 11560 +1.23 7767
INTRADAY
LEVELS
SUPPORT SUPP. 1
11337
SUPP. 2
11113
PIVOT
11493
Guargum Short term
trend is down,
Expecting price may go
down in coming days.RESISTAN
CE
RES. 1
11717
RES. 2
11873
Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
RAPESEED-MUSTARD SEED 19-12-2014 4149.00 129.00 3.21%
CHANA 19-12-2014 3128.00 72.00 2.36%
CASTOR SEED NEW 19-12-2014 4728.00 56.00 1.20%
TURMERIC 19-12-2014 6760.00 24.00 0.36%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
COTTON SEED OIL CAKE
AKOLA
19-12-2014 1399.00 -12.00 -0.85%
REFINED SOY OIL 19-12-2014 580.00 -2.20 -0.38%
JEERA 20-01-2015 13135.00 -50.00 -0.38%
BARLEY 19-12-2014 1611.00 -5.00 -0.31%
GUR 20-01-2015 961.00 -2.50 -0.26%
CORIANDER 19-12-2014 12430.00 -4.00 -0.03%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4751 4715 +0.76
CHANA 3228 3185 +1.35
CORIANDER 12995 12964 +0.24
GUARGUM 11560 11420 +1.23
JEERA 13135 13185 -0.38
MUSTARD SEED 4195 4055 +3.45
SOYABEAN 3264 3289 -0.76
TURMERIC 7980 7882 +1.24
Commodities In News
4
ECONOMIC NEWS
Sugar production rose by 47 per cent to 42.25 lakh tonnes till
December 15 of this marketing year, which started in October
this year, leading to a fall in ex-factory prices of the
sweetener.Sugar production of India, the world's second largest
producer and biggest consumer, stood at 28.77 lakh tonnes in
the year-ago period."Sugar production upto 15th December
2014, in the current 2014-15 sugar season is 42.25 lakh tonnes,"
Indian Sugar Mills Association (ISMA) in a statement.The
association attributed the increase in sugar output to early start
of crushing compared to last year. As against 426 sugar mills
which were crushing sugarcane on 15th December last year,
ISMA 442 sugar mills have started their operations as on
December 15, 2014.Maharashtra has produced 20.73 lakh
tonnes of sugar so far as compared to 12.96 lakh tonnes in the
year-ago period."7.94 lakh tonnes of sugar has been produced
by UP sugar mills in the current season upto 15th December,
2014, as compared to 3 lakh tonnes in the corresponding period
last year.
 Maharashtra’s cooperative sugar industry has sought Prime
Minister Narendra Modi's intervention to stay afloat during the
ongoing crushing season. Cooperatives have demanded a
support price of Rs 700 per tonne to bridge the gap between the
sugar price and cost of production. They have also demanded
incentives for export of 4 million tonne (MT) of raw sugar in
two years and an increase in import duty from 25% to 40% to
achieve stability in the domestic sugar market.Besides, the state
cooperative sector has asked for a waiver of the excise loan,
restructuring of term loan and creation of a buffer stock of 7.5
MT.
Weakness continued in coriander market. The overall coriander
sowing in Kota is expected to be double of last year due to higher price
realization. However, Madhya Pradesh has reported weak arrivals from
new crop. Traders are expecting decline in coriander prices in the near
term.
Stockiest offtake in local mandies are currently supporting the
turmeric prices. Traders stated that weak production estimates to
support prices in the near term. The total turmeric production is
estimated at around 45-47 lakh tonnes in the current year. However,
fresh arrivals from Erode will limit the upside at higher levels.
Mustard seed prices have witnessed strong rally today due to limited
supplies in major mandies such as Alawar and Bharatpue.The spot
prices have been increased by Rs75 per quntal today. The demand of
the mustard seed oil meal was steady at $280 per tonne.
Buoyancy continued in chana market on production concerns. The
prices were increased by Rs 50 per quintal to trade at Rs 3200 per
quintal. Traders stated that total arrivals were reported at 25 motors
down 5 motors from the last week. Traders are expecting strong surge
in chana prices in the next marketing season due to limited supplies of
old and new crop.
Sugar prices fell 5% in December to hit the lowest in three yearson
sudden spurt in arrivals from mills to realize cash and pay farmers'
cane dues. Data collated by the apex industry body the Indian Sugar
Mills Association (ISMA) said average ex-factory sugar prices in Uttar
Pradesh declined to Rs 2,480 a quintal now as against Rs 2,612 a
quintal in November and Rs 2,683 a quintal in October.
5
Fundamental Watch : Castorseed
CASTORSEED ARRIVALS AT KEY SPOT
MARKET
National & International Market Update
Cash market trades mixed on normal trading activities in major trading
hubs in Rajasthan and Gujarat. Lower demands for oil and its other
products remain restrictive for market fundamentals. Arrival from new crop
is likely to increase by mid January and stake holders may release stock
from new months. It may pressurize price of seed in the weeks ahead. There
is a gossip in the market that major portion of stock is in strong hands and
they are buying only to drag price up at this point of time. Crushing activity
is reported lower and it is hardly 35 to 40 thousand tonne per month,way
behind from normal crushing of 75 to 80 thousand a month.T his implies
that oil demand is much lower at this point of time. Castor oil export from
India is bound to dip by 15 percent in comparison to last year as major
buyers like China has reduced its buying considerably in 2014. Market
participants expect around 4 lakh tonne castor oil export in current MY
while India has exported 4.79 lakh tonne oil last year(2013). Castor Meal
Export (FAS), Ex –Kandla traded up by $5 to $140 per tonne as compared
to last week. It is 22.86 percent higher from the price of Dec 2013. Castor
seed oil export price has decreased slightly in last four weeks and it is now
being quoted at $1470 per tonne. New castor crop would start hitting the
market by the end of December but it would not impact the price due to
lower volume of arrivals.
In the second week of December India exported 232.49 thousand tonne of
meal MT at an average price of $123 per tonne. Taiwan emerged as a major
buyer in the month of December too. Buyers from EU, China and Japan are
expected to restrict their buyings and only need based buying may be seen
in the near term. Buyers are trying to analyse new crop size and
improvement in arrivals at this point of time. Last week FOB quotes in
Kandla hovered at $1470 per tonne. It may stay steady from current level.
No fresh trade was reported at this level today. Demand for oil has
decreased considerably in last two months.
CENTER 17-Dec-14 16-Dec-14 Change
SUMERPUR 100 160 -60
JODHPUR NR NR -
RAJKOT 250 275 -25
GONDAL 181 118 +63
PATAN 4477 3540 +937
DEESA 1726 2482 -756
KADI 1200 1120 +80
Technical Outlook
6
SELL DHANIYA JAN BELOW 12970 TGTS 12940,12890 SL 13020 SELL GUARGUM JAN BELOW 11400 TGTS 11350,11250 SL 11490
BUY CASTORSEED JAN ABOVE 4760 TGTS 4790,4840 SL 4710 BUY TMC APR ABOVE 8000 TGTS 8050,9050 SL 7910
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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
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transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.
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Epic research daily agri report 18 dec 2014

  • 1. DAILYAGRI COMMODITY REPORT 18 December 2014 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 JAN 12930 13089 12810 12995 +0.24 9720 INTRADAY LEVELS SUPPORT SUPP.1 12841 SUPP. 2 12688 PIVOT 12964 Dhaniya short term trend is down, further more downside is expected in comimg days. RESISTAN CE RES. 1 13117 RES. 2 13240 CASTORSEED JAN 4711 4759 4703 4751 +0.76 72260 INTRADAY LEVELS SUPPORT SUPP. 1 4716 SUPP. 2 4682 PIVOT 4738 Castorseed short term trend is down, Prices expected to go down in coming days.RESISTAN CE RES. 1 4772 RES. 2 4794 TURMERIC APR 7920 8000 7816 7980 +1.24 7950 INTRADAY LEVELS SUPPORT SUPP. 1 7864 SUPP. 2 7748 PIVOT 7932 Turmeric short term trend is up and may continue in coming days.RESISTAN CE RES. 1 8048 RES. 2 8116 GUARGUM JAN 11420 11650 11260 11560 +1.23 7767 INTRADAY LEVELS SUPPORT SUPP. 1 11337 SUPP. 2 11113 PIVOT 11493 Guargum Short term trend is down, Expecting price may go down in coming days.RESISTAN CE RES. 1 11717 RES. 2 11873
  • 3. Most Active Contract 3 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % RAPESEED-MUSTARD SEED 19-12-2014 4149.00 129.00 3.21% CHANA 19-12-2014 3128.00 72.00 2.36% CASTOR SEED NEW 19-12-2014 4728.00 56.00 1.20% TURMERIC 19-12-2014 6760.00 24.00 0.36% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % COTTON SEED OIL CAKE AKOLA 19-12-2014 1399.00 -12.00 -0.85% REFINED SOY OIL 19-12-2014 580.00 -2.20 -0.38% JEERA 20-01-2015 13135.00 -50.00 -0.38% BARLEY 19-12-2014 1611.00 -5.00 -0.31% GUR 20-01-2015 961.00 -2.50 -0.26% CORIANDER 19-12-2014 12430.00 -4.00 -0.03% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 4751 4715 +0.76 CHANA 3228 3185 +1.35 CORIANDER 12995 12964 +0.24 GUARGUM 11560 11420 +1.23 JEERA 13135 13185 -0.38 MUSTARD SEED 4195 4055 +3.45 SOYABEAN 3264 3289 -0.76 TURMERIC 7980 7882 +1.24
  • 4. Commodities In News 4 ECONOMIC NEWS Sugar production rose by 47 per cent to 42.25 lakh tonnes till December 15 of this marketing year, which started in October this year, leading to a fall in ex-factory prices of the sweetener.Sugar production of India, the world's second largest producer and biggest consumer, stood at 28.77 lakh tonnes in the year-ago period."Sugar production upto 15th December 2014, in the current 2014-15 sugar season is 42.25 lakh tonnes," Indian Sugar Mills Association (ISMA) in a statement.The association attributed the increase in sugar output to early start of crushing compared to last year. As against 426 sugar mills which were crushing sugarcane on 15th December last year, ISMA 442 sugar mills have started their operations as on December 15, 2014.Maharashtra has produced 20.73 lakh tonnes of sugar so far as compared to 12.96 lakh tonnes in the year-ago period."7.94 lakh tonnes of sugar has been produced by UP sugar mills in the current season upto 15th December, 2014, as compared to 3 lakh tonnes in the corresponding period last year.  Maharashtra’s cooperative sugar industry has sought Prime Minister Narendra Modi's intervention to stay afloat during the ongoing crushing season. Cooperatives have demanded a support price of Rs 700 per tonne to bridge the gap between the sugar price and cost of production. They have also demanded incentives for export of 4 million tonne (MT) of raw sugar in two years and an increase in import duty from 25% to 40% to achieve stability in the domestic sugar market.Besides, the state cooperative sector has asked for a waiver of the excise loan, restructuring of term loan and creation of a buffer stock of 7.5 MT. Weakness continued in coriander market. The overall coriander sowing in Kota is expected to be double of last year due to higher price realization. However, Madhya Pradesh has reported weak arrivals from new crop. Traders are expecting decline in coriander prices in the near term. Stockiest offtake in local mandies are currently supporting the turmeric prices. Traders stated that weak production estimates to support prices in the near term. The total turmeric production is estimated at around 45-47 lakh tonnes in the current year. However, fresh arrivals from Erode will limit the upside at higher levels. Mustard seed prices have witnessed strong rally today due to limited supplies in major mandies such as Alawar and Bharatpue.The spot prices have been increased by Rs75 per quntal today. The demand of the mustard seed oil meal was steady at $280 per tonne. Buoyancy continued in chana market on production concerns. The prices were increased by Rs 50 per quintal to trade at Rs 3200 per quintal. Traders stated that total arrivals were reported at 25 motors down 5 motors from the last week. Traders are expecting strong surge in chana prices in the next marketing season due to limited supplies of old and new crop. Sugar prices fell 5% in December to hit the lowest in three yearson sudden spurt in arrivals from mills to realize cash and pay farmers' cane dues. Data collated by the apex industry body the Indian Sugar Mills Association (ISMA) said average ex-factory sugar prices in Uttar Pradesh declined to Rs 2,480 a quintal now as against Rs 2,612 a quintal in November and Rs 2,683 a quintal in October.
  • 5. 5 Fundamental Watch : Castorseed CASTORSEED ARRIVALS AT KEY SPOT MARKET National & International Market Update Cash market trades mixed on normal trading activities in major trading hubs in Rajasthan and Gujarat. Lower demands for oil and its other products remain restrictive for market fundamentals. Arrival from new crop is likely to increase by mid January and stake holders may release stock from new months. It may pressurize price of seed in the weeks ahead. There is a gossip in the market that major portion of stock is in strong hands and they are buying only to drag price up at this point of time. Crushing activity is reported lower and it is hardly 35 to 40 thousand tonne per month,way behind from normal crushing of 75 to 80 thousand a month.T his implies that oil demand is much lower at this point of time. Castor oil export from India is bound to dip by 15 percent in comparison to last year as major buyers like China has reduced its buying considerably in 2014. Market participants expect around 4 lakh tonne castor oil export in current MY while India has exported 4.79 lakh tonne oil last year(2013). Castor Meal Export (FAS), Ex –Kandla traded up by $5 to $140 per tonne as compared to last week. It is 22.86 percent higher from the price of Dec 2013. Castor seed oil export price has decreased slightly in last four weeks and it is now being quoted at $1470 per tonne. New castor crop would start hitting the market by the end of December but it would not impact the price due to lower volume of arrivals. In the second week of December India exported 232.49 thousand tonne of meal MT at an average price of $123 per tonne. Taiwan emerged as a major buyer in the month of December too. Buyers from EU, China and Japan are expected to restrict their buyings and only need based buying may be seen in the near term. Buyers are trying to analyse new crop size and improvement in arrivals at this point of time. Last week FOB quotes in Kandla hovered at $1470 per tonne. It may stay steady from current level. No fresh trade was reported at this level today. Demand for oil has decreased considerably in last two months. CENTER 17-Dec-14 16-Dec-14 Change SUMERPUR 100 160 -60 JODHPUR NR NR - RAJKOT 250 275 -25 GONDAL 181 118 +63 PATAN 4477 3540 +937 DEESA 1726 2482 -756 KADI 1200 1120 +80
  • 6. Technical Outlook 6 SELL DHANIYA JAN BELOW 12970 TGTS 12940,12890 SL 13020 SELL GUARGUM JAN BELOW 11400 TGTS 11350,11250 SL 11490 BUY CASTORSEED JAN ABOVE 4760 TGTS 4790,4840 SL 4710 BUY TMC APR ABOVE 8000 TGTS 8050,9050 SL 7910
  • 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.