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DAILYAGRI COMMODITY REPORT
18 Feb 2015
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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
YOUR MINTVISORY Call us at +91-731-6642300
Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
APR 7250 7250 7060 7095 -2.61 25700
INTRADAY
LEVELS
SUPPORT SUPP.1
7020
SUPP. 2
6945
PIVOT
7135
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
7210
RES. 2
7325
CASTORSEED
MAR 3920 3920 3765 3791 -2.44 103890
INTRADAY
LEVELS
SUPPORT SUPP. 1
3730
SUPP. 2
3670
PIVOT
3825
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
3886
RES. 2
3980
TURMERIC
APR 8070 8322 8070 8322 +4.00 31215
INTRADAY
LEVELS
SUPPORT SUPP. 1
8154
SUPP. 2
7986
PIVOT
8238
Turmeric short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
8406
RES. 2
8490
GUARGUM
MAR 9010 9340 9010 9250 +2.73 15080
INTRADAY
LEVELS
SUPPORT SUPP. 1
9060
SUPP. 2
8870
PIVOT
9200
Guargum Short term
trend is Down,
Expecting price may go
Down in coming days.RESISTAN
CE
RES. 1
9390
RES. 2
9530
Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-02-2015 14615.00 765.00 5.52%
TURMERIC 20-04-2015 8322.00 322.00 4.03%
V 797 KAPAS 27-02-2015 744.00 28.00 3.91%
RAPESEED-MUSTARD
SEED
20-04-2015 3403.00 90.00 2.72%
SOYABEAN 20-02-2015 3450.00 50.00 1.47%
BARLEY 20-04-2015 1192.50 16.50 1.40%
REFINED SOY OIL 20-02-2015 622.50 8.15 1.33%
COTTON SEED OIL CAKE
AKOLA
20-02-2015 1450.00 5.00 0.35%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-04-2015 7072.00 -277.00 -3.77%
CASTOR SEED NEW 20-02-2015 3725.00 -132.00 -3.42%
CHANA 20-02-2015 3560.00 -29.00 -0.81%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3791 3886 -2.44
CHANA 3662 3619 +1.19
CORIANDER 7095 7285 -2.61
GUARGUM 9250 9000 +2.78
JEERA 14615 14055 +3.98
MUSTARD SEED 3400 3342 +1.78
SOYABEAN 3427 3394 +0.97
TURMERIC 8322 8002 +4.00
Commodities In News
4
ECONOMIC NEWS
India's wholesale price index fell 0.39 percent year-over-year
in January, on easing oil prices, preliminary figures from the
Ministry of Commerce and Industry showed Monday. This was
the second decline in three months. In December, the index
edged up 0.11 percent. The wholesale price index dropped 0.17
percent annually in November, revised from a flat reading in
the flash estimate. The build-up inflation rate in the financial
year so far was -1.11 percent compared to 5.23 percent in the
corresponding period of the previous year, the agency
said.Wholesale price inflation of primary articles group, which
carries heavy weight in the index, climbed 3.27 percent in
January compared to 2.17 percent in December. Prices of food
articles rose at a faster pace of 8.0 percent in January from the
previous year, after a 5.20 percent growth seen in the prior
month. At the same time, prices of fuel and power plunged
10.69 percent. On a monthly basis, wholesale prices dipped 0.8
percent in January.
 The Government of India has fixed procurement target for
Ravi Marketing Season (RMS) 2015-16 as 300.59 lakh tonnes
against the actual wheat procurement of 280.23 lakh tonnes
during RMS 2014-15.The target was fixed in the meeting of
State Food Secretaries held to discuss procurement
arrangements here on Monday. The Government has also
fixed target for overall rice procurement for Kharif Marketing
Season (KMS) 2014-15, as 351.09 lakh tonnes which include
300.50 lakh tonnes for kharif crop and 50.59 lakh tonnes for
Rabi crop. The actual procurement of rice during KMS 2013-
14 and KMS 2014-15 so far has been reported as 318.39 lakh
tonnes and 207.44 lakh tonnes respectively.
 Poor rabi sowing data continue to support Chana prices. Old stock
Chana is not witnessing much demand. The major producing belt in
northern states has witnessed decent rainfall in last few days, boosting
hopes of excellent yields. Delhi Spot prices are trading at Rs 3500 per
quintal today, up Rs 15 per quintal on the day. 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%. The traders are expecting steady
yields in case rains don't cause major damage to standing crops. The
arrivals soared to 70 trucks in Delhi.
 Castor seed is witnessing frail moves as the spot markets reel lower.
The commodity has been pressurized in last few months on heavy
domestic stocks. Spot prices are lingering at Rs 3850 per quintal in Disa-
down Rs 60 per quintal on the day. These are the lowest levels in around
nine months for the commodity. Castor meal exports have also been hit.
The overall exports of Castormeal stood at 330082 tonnes in April-
December 2014- down 20% on year.
Sugar is trading in a steady manner. Prices have recovered from their
lowest levels in three years in local markets but are witnessing a
cautious movement now. Demand is not all that strong as millers are
trying to offload their stocks. Global markets are holding onto their
recent gains but oil prices are being watched nervously.
Traders reported that the arrivals in Nizamabad are increasing. Ready
markets in South are witnessing an increasing flow of arrivals over last
few days. However, the demand is fairly steady amid decent upcountry
orders. Spot prices have eased after hitting their two year highs above Rs
8000 per quintal in the last week of January.
5
Fundamental Watch :Castorseed
CASTORSEED ARRIVALS AT KEY SPOT
MARKET
National Market Update
 Cash market trades under pressure despite arrivals from new crop and
estimates of lower crop size this year. As prices have decreased considerably
farmers may retain stock and restrict selling at this price .this may support
market at current level. New crop. Overall sentiment remains weak. Futures
may touchRs3800 when arrivals reach its peak in March. Major buyers and
stock holders have almost sensed uptrend in the second half of the year and
strategically they would allow market to dip more in the peak arrival season so
that they can build up stock once again to drive market in their own favour. As
crop size is lower so arrival pace from the beginning of May would be lower
than expectation and it may drive market up.Castor seed in Gujarat decreased
by 2000 per tonne in comparison to last week from Rs41000 to Rs 39000 per
tonne. Castor meal in bulk volume for export at Kandla is being quoted at
$131 per tonne. Meal price is being quoted at Rs 7600 per tonne at Kandla.
FOB quote at Kandla decreased considerably by $60 per tonne from $1370 per
tonne to $1310 per tonne during the week under review. Major players would
go for restricted buying until arrival gets its peak. We expect higher arrival
from Feb end/Mid March.
 Korea emerged as top buyer of castor meal in the month of January,
importing 5327.33 tonne, followed by Taiwan with4791.87 tonne. Besides,
Japan, France and USA imported lower quantity in the month of January. As
per the latest IBIS update total castor meal export during this period recorded
at 12786 tonne. Export volume is likely to improve in the month of Feb with
higher seed supply and declining prices in the seed market.Some fresh buying
interest has been reported at $1360 per tonne for castor oil at Kandla Port.
Buyers are interested to buy at $1350 per tonne for forward month. As seed is
under pressure more dip in oil price seems to be on card.Castor meal demand
may improve as availability of meal around $125/128 seems possible in
theweeks ahead with higher seed availability for crushing.
CENTER 17-Feb-15 16-Feb-15 Change
SUMERPUR 800 480 +320
JODHPUR CLOSED NR -
RAJKOT CLOSED 400 -
PATAN CLOSED 2065 -
DEESA CLOSED 957 -
MAHESANA CLOSED 540 -
GONDAL CLOSED 273 -
Technical Outlook
6
SELL DHANIYA APR BELOW 7070 TGTS 7040,6990 SL 7120 SELL GUARGUM MAR BELOW 9210 TGTS 9160,9060 SL 9310
SELL CASTORSEED MAR BELOW 3770 TGTS 3740,3690 SL 3820 BUY TMC APR ABOVE 8340 TGTS 8390,8490 SL 8250
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 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.
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Epic research daily agri report 18 feb 2015

  • 1. DAILYAGRI COMMODITY REPORT 18 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 7250 7250 7060 7095 -2.61 25700 INTRADAY LEVELS SUPPORT SUPP.1 7020 SUPP. 2 6945 PIVOT 7135 Dhaniya short term trend is down, further more downside is expected in comimg days. RESISTAN CE RES. 1 7210 RES. 2 7325 CASTORSEED MAR 3920 3920 3765 3791 -2.44 103890 INTRADAY LEVELS SUPPORT SUPP. 1 3730 SUPP. 2 3670 PIVOT 3825 Castorseed short term trend is down, Prices expected to go down in coming days.RESISTAN CE RES. 1 3886 RES. 2 3980 TURMERIC APR 8070 8322 8070 8322 +4.00 31215 INTRADAY LEVELS SUPPORT SUPP. 1 8154 SUPP. 2 7986 PIVOT 8238 Turmeric short term trend is down and may continue in coming days.RESISTAN CE RES. 1 8406 RES. 2 8490 GUARGUM MAR 9010 9340 9010 9250 +2.73 15080 INTRADAY LEVELS SUPPORT SUPP. 1 9060 SUPP. 2 8870 PIVOT 9200 Guargum Short term trend is Down, Expecting price may go Down in coming days.RESISTAN CE RES. 1 9390 RES. 2 9530
  • 3. Most Active Contract 3 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % JEERA 20-02-2015 14615.00 765.00 5.52% TURMERIC 20-04-2015 8322.00 322.00 4.03% V 797 KAPAS 27-02-2015 744.00 28.00 3.91% RAPESEED-MUSTARD SEED 20-04-2015 3403.00 90.00 2.72% SOYABEAN 20-02-2015 3450.00 50.00 1.47% BARLEY 20-04-2015 1192.50 16.50 1.40% REFINED SOY OIL 20-02-2015 622.50 8.15 1.33% COTTON SEED OIL CAKE AKOLA 20-02-2015 1450.00 5.00 0.35% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CORIANDER 20-04-2015 7072.00 -277.00 -3.77% CASTOR SEED NEW 20-02-2015 3725.00 -132.00 -3.42% CHANA 20-02-2015 3560.00 -29.00 -0.81% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 3791 3886 -2.44 CHANA 3662 3619 +1.19 CORIANDER 7095 7285 -2.61 GUARGUM 9250 9000 +2.78 JEERA 14615 14055 +3.98 MUSTARD SEED 3400 3342 +1.78 SOYABEAN 3427 3394 +0.97 TURMERIC 8322 8002 +4.00
  • 4. Commodities In News 4 ECONOMIC NEWS India's wholesale price index fell 0.39 percent year-over-year in January, on easing oil prices, preliminary figures from the Ministry of Commerce and Industry showed Monday. This was the second decline in three months. In December, the index edged up 0.11 percent. The wholesale price index dropped 0.17 percent annually in November, revised from a flat reading in the flash estimate. The build-up inflation rate in the financial year so far was -1.11 percent compared to 5.23 percent in the corresponding period of the previous year, the agency said.Wholesale price inflation of primary articles group, which carries heavy weight in the index, climbed 3.27 percent in January compared to 2.17 percent in December. Prices of food articles rose at a faster pace of 8.0 percent in January from the previous year, after a 5.20 percent growth seen in the prior month. At the same time, prices of fuel and power plunged 10.69 percent. On a monthly basis, wholesale prices dipped 0.8 percent in January.  The Government of India has fixed procurement target for Ravi Marketing Season (RMS) 2015-16 as 300.59 lakh tonnes against the actual wheat procurement of 280.23 lakh tonnes during RMS 2014-15.The target was fixed in the meeting of State Food Secretaries held to discuss procurement arrangements here on Monday. The Government has also fixed target for overall rice procurement for Kharif Marketing Season (KMS) 2014-15, as 351.09 lakh tonnes which include 300.50 lakh tonnes for kharif crop and 50.59 lakh tonnes for Rabi crop. The actual procurement of rice during KMS 2013- 14 and KMS 2014-15 so far has been reported as 318.39 lakh tonnes and 207.44 lakh tonnes respectively.  Poor rabi sowing data continue to support Chana prices. Old stock Chana is not witnessing much demand. The major producing belt in northern states has witnessed decent rainfall in last few days, boosting hopes of excellent yields. Delhi Spot prices are trading at Rs 3500 per quintal today, up Rs 15 per quintal on the day. 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%. The traders are expecting steady yields in case rains don't cause major damage to standing crops. The arrivals soared to 70 trucks in Delhi.  Castor seed is witnessing frail moves as the spot markets reel lower. The commodity has been pressurized in last few months on heavy domestic stocks. Spot prices are lingering at Rs 3850 per quintal in Disa- down Rs 60 per quintal on the day. These are the lowest levels in around nine months for the commodity. Castor meal exports have also been hit. The overall exports of Castormeal stood at 330082 tonnes in April- December 2014- down 20% on year. Sugar is trading in a steady manner. Prices have recovered from their lowest levels in three years in local markets but are witnessing a cautious movement now. Demand is not all that strong as millers are trying to offload their stocks. Global markets are holding onto their recent gains but oil prices are being watched nervously. Traders reported that the arrivals in Nizamabad are increasing. Ready markets in South are witnessing an increasing flow of arrivals over last few days. However, the demand is fairly steady amid decent upcountry orders. Spot prices have eased after hitting their two year highs above Rs 8000 per quintal in the last week of January.
  • 5. 5 Fundamental Watch :Castorseed CASTORSEED ARRIVALS AT KEY SPOT MARKET National Market Update  Cash market trades under pressure despite arrivals from new crop and estimates of lower crop size this year. As prices have decreased considerably farmers may retain stock and restrict selling at this price .this may support market at current level. New crop. Overall sentiment remains weak. Futures may touchRs3800 when arrivals reach its peak in March. Major buyers and stock holders have almost sensed uptrend in the second half of the year and strategically they would allow market to dip more in the peak arrival season so that they can build up stock once again to drive market in their own favour. As crop size is lower so arrival pace from the beginning of May would be lower than expectation and it may drive market up.Castor seed in Gujarat decreased by 2000 per tonne in comparison to last week from Rs41000 to Rs 39000 per tonne. Castor meal in bulk volume for export at Kandla is being quoted at $131 per tonne. Meal price is being quoted at Rs 7600 per tonne at Kandla. FOB quote at Kandla decreased considerably by $60 per tonne from $1370 per tonne to $1310 per tonne during the week under review. Major players would go for restricted buying until arrival gets its peak. We expect higher arrival from Feb end/Mid March.  Korea emerged as top buyer of castor meal in the month of January, importing 5327.33 tonne, followed by Taiwan with4791.87 tonne. Besides, Japan, France and USA imported lower quantity in the month of January. As per the latest IBIS update total castor meal export during this period recorded at 12786 tonne. Export volume is likely to improve in the month of Feb with higher seed supply and declining prices in the seed market.Some fresh buying interest has been reported at $1360 per tonne for castor oil at Kandla Port. Buyers are interested to buy at $1350 per tonne for forward month. As seed is under pressure more dip in oil price seems to be on card.Castor meal demand may improve as availability of meal around $125/128 seems possible in theweeks ahead with higher seed availability for crushing. CENTER 17-Feb-15 16-Feb-15 Change SUMERPUR 800 480 +320 JODHPUR CLOSED NR - RAJKOT CLOSED 400 - PATAN CLOSED 2065 - DEESA CLOSED 957 - MAHESANA CLOSED 540 - GONDAL CLOSED 273 -
  • 6. Technical Outlook 6 SELL DHANIYA APR BELOW 7070 TGTS 7040,6990 SL 7120 SELL GUARGUM MAR BELOW 9210 TGTS 9160,9060 SL 9310 SELL CASTORSEED MAR BELOW 3770 TGTS 3740,3690 SL 3820 BUY TMC APR ABOVE 8340 TGTS 8390,8490 SL 8250
  • 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.