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DAILYAGRI COMMODITY REPORT
19 Mar 2015
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Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
APR 6952 7265 6940 7256 +3.05 30620
INTRADAY
LEVELS
SUPPORT SUPP.1
7042
SUPP. 2
6829
PIVOT
7154
Dhaniya short term
trend is up, further
more upside is expected
in coming days.RESISTAN
CE
RES. 1
7367
RES. 2
7479
CASTORSEED
APR. 3660 3682 3654 3665 -0.14 26840
INTRADAY
LEVELS
SUPPORT SUPP. 1
3652
SUPP. 2
3639
PIVOT
3667
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
3680
RES. 2
3695
TURMERIC
APR 7580 7868 7544 7842 +3.65 27715
INTRADAY
LEVELS
SUPPORT SUPP. 1
7635
SUPP. 2
7427
PIVOT
7751
Turmeric short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
7959
RES. 2
8075
GUARGUM
APR. 8490 8550 8240 8330 -2.80 8498
INTRADAY
LEVELS
SUPPORT SUPP. 1
8197
SUPP. 2
8063
PIVOT
8373
Guargum Short term
trend is down,
Expecting price may go
down in coming days.RESISTAN
CE
RES. 1
8507
RES. 2
8683
Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TURMERIC 20-04-2015 8110.00 268.00 3.42%
CORIANDER 20-04-2015 7256.00 206.00 2.92%
RAPESEED-MUSTARD
SEED
20-04-2015 3390.00 15.00 0.44%
REFINED SOY OIL 20-04-2015 579.15 2.15 0.37%
COTTON SEED OIL CAKE
AKOLA
20-03-2015 1597.00 4.00 0.25%
JEERA 20-03-2015 14540.00 10.00 0.07%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
BARLEY 20-04-2015 1159.00 -15.00 -1.28%
CHANA 20-04-2015 3628.00 -17.00 -0.47%
SOYABEAN 20-04-2015 3346.00 -11.00 -0.33%
CASTOR SEED NEW 20-03-2015 3615.00 -2.00 -0.06%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3665 3670 -0.14
CHANA 3628 3644 -0.44
CORIANDER 7256 7041 +3.05
GUARGUM 8110 8440 -3.91
JEERA 14815 14765 +0.34
MUSTARD SEED 3390 3381 +0.27
SOYABEAN 3346 3351 -0.15
TURMERIC 8110 7828 +3.60
Commodities In News
4
ECONOMIC NEWS
 Maharashtra's economy is expected to grow at a slower rate in
2014-15, compared with the previous year, the economic survey
presented in the state legislature, on Tuesday, The state's economy is
slated to grow at 5.7% which is lower than last fiscal's 7.3%, the
survey noted, attributing the fall to an 8.5% contraction in
agriculture,exacerbated by an inadequate monsoon. However, the
industry and service sec tors held out hope for the state, with likely
growth of 4% and 8.1%, respectively in 201415. Most districts in the
state received only abou 70% of the annual average rainfall, affecting
agriculture and allied activities. Finance minis ter Sudhir
Mungantiwar toldthe state assembly that contraction in agricultural
growth has af fected the state's economic performance. Agri culture
and associated activities fared poorly mainlybecause of the bad
monsoon in many parts of the state last year as well as in 2013, bu
the industry, especially the service sector, has done well in this
period. The GrossState Domestic Product (GSDP) was pegged at Rs
8,96,768 crore during 2013-14, against Rs 8,35,929 crore in 2012-13,
showing a growth of 7.3%, as per the firstrevised estimates.The
average consumer price index in the state for the period between
April and December 2014 for rural areas was up by 3.5% , while that
of ur ban areas was up by 4%, year on year. The year on-year rate of
inflation based on all-India wholesale price index declined
drastically.The survey says deficient rainfall in 226talukas in the
state affected production of grains and other agricultural produce.
Also, sowing of kharif crop was delayed, while rabi crop was hit by
erratic rainfall in September and October. Production of foodgrains is
also expected to be hit in the 2014-15 season compared to the
previous year. Production oilseeds and some othe produce may also
suffer.Mungantiwar informed the assembly tha from August 1991 to
October 2014, a total of 18,709 proposals with investment worth Rs
10,63,342 crore were approved.
 Turmeric surged today after falling to a one month low in last session as
upcountry demand is expected to support sentiments in near term. However,
over a medium term, 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 7875 per quintal, up Rs
105 per quintal on the day.
 Some stable moves were seen in Guar today. Poor demand owing to weak
exports is hitting sentiments in guar. Global crude oil prices are lingering at
their six year lows and not much of an upside is expected in guar unless crude
picks up from these levels. Gum export demand is very weak amid the rout in
crude prices. Local millers have heavy stocks with them. Spot guar is quoting at
Rs 3700 per quintal in Jodhpur- its lowest level in nearly one year.
 Mustardmeal demand remains thin. Major Mustardseed producing areas have
been witnessing rainfall for last few days though last couple of days have been
clear. Next few days would offer an assessment of the status of the crop. If the
skies stay like this then some correction could set in the market. Buying is thin
today as traders are expecting not much of an impact on the standing crop. As
per the latest estimate from Mustard Oil Producers Association (MOPA, the
total mustard seed crop is likely to be around 57.40 lakh tonnes in 2014-15
against 65 lakh tonnes of last year in the same period.The commodity is quoting
at Rs 3458 per quintal in Jaipur, down Rs 14 per quintal on the day.
 Delhi Chana is trading mixed though sentiments are still being dominated by
the recent rainfall. The overall sentiments still remain mixed and traders are
likely to be in a wait and watch mode before the arrivals pick up strength.
Reports are stating that crop which was sown early is likely to have endured
some losses. In Delhi markets, the arrivals came in at 25 trucks as compared to
40 trucks in last session.
5
Fundamental Watch :Cotton
COTTON ARRIVALS AT KEY SPOT
MARKET
National Market Update
 India exported 1.81 lakh bales of cotton last week (09-15 Mar 2015), which was
1.70 lakh bales previous to last week (02-08 Mar 2015), according to the data released
by IBIS. Imports on the other hand stood 0.17 lakh bales last week, which was 0.16
lakh bales previous to last week.Cotton price at NCDEX climbed more than two
month high on Monday (16 March 2015) following the announcement of lower
production estimates by CAI, unseasonal rainfall, depleting stocks and expectation of
lower acreage in the coming season April contract of kapas at NCDEX touched the
high of Rs 781 per maund (20kg each) which was level last seen on January 09 this
year. Domestic cotton prices are on track of recovery. Weekly average price of cotton
in Gujarat stood Rs. 3900 per quintal, around 4.14% higher when compared to the
average price during previous to last week, which was Rs 3745. Cotton Association of
India revised the cotton output estimates downwardly for the country at 397 lakh bales
which was earlier estimated at 400.25 lakh bales in December 2014. The cause of the
fall in output is decline in production estimates for central region including Gujarat,
Maharashtra and Madhya Pradesh. According to CAI cotton consumption would stand
around 306 lakh bales this season compared to 300.68 lakh bales in 2013-14. Cotton
imports according to CAI latest estimates would be around 13 lakh bales this season,
around 10.64% higher when compared to the imports of previous season which was
11.75 lakh bales. India exported 1.70 lakh bales of cotton last week (02-08 Mar 2015),
which was 2.34 lakh bales previous to last week (23 Feb-01 Mar 2015), Imports on
the other hand stood 0.16 lakh bales last week, which was 0.09 lakh bales previous to
last week.
 China imported 159,100 metric tons of cotton in February this year, 35.3% lower
when compared to imports during the same month previous year, according to
customs data cited by China Cotton Association (CCA).Cotton planting area in China
this year is likely to drop by 23 percent this year compared to previous year, according
to the latest survey reports by China Cotton Association (CCA). Earlier CCA expected
cotton area to shrink by 25.4 percent in its January estimates. The rise in the figures
this month is the result of expectation of higher cotton area in Xinjiang. According to
the industry experts, Chinese cotton farmers are likely to replace cultivation of non-
organi cotton with organic cotton as it fetches the better margins and its demand in
international market is likely to manifold by 2020.
CENTER 18-Mar-15 17-Mar-15 Change
AMRAVATI 1000 900 +100
MAHESANA 30000 25000 +5000
RAJKOT 3200 3400 -200
PATAN NA 6450 -
DEESA NA NA -
BHIWANI 1500 2000 -500
GONDAL 1248 1137 +111
Technical Outlook
6
BUY DHANIYA APRIL ABOVE 7270 TARGET 7320 7380 SL
BELOW 7220
SELL GUARGUM APRIL BELOW 8190 TARGET 8140 8080 SL
ABOVE 8260
SELL TURMERIC APRIL BELOW 8050 TARGET 8000 7940 SL
ABOVE 8110
SELL CASTORSEED APRIL BELOW 3652 TARGET 3627 3562 SL
ABOVE 3677
Disclaimer
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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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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.
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Epic research daily agri report 19 march 2015

  • 1. DAILYAGRI COMMODITY REPORT 19 Mar 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 6952 7265 6940 7256 +3.05 30620 INTRADAY LEVELS SUPPORT SUPP.1 7042 SUPP. 2 6829 PIVOT 7154 Dhaniya short term trend is up, further more upside is expected in coming days.RESISTAN CE RES. 1 7367 RES. 2 7479 CASTORSEED APR. 3660 3682 3654 3665 -0.14 26840 INTRADAY LEVELS SUPPORT SUPP. 1 3652 SUPP. 2 3639 PIVOT 3667 Castorseed short term trend is down, Prices expected to go down in coming days.RESISTAN CE RES. 1 3680 RES. 2 3695 TURMERIC APR 7580 7868 7544 7842 +3.65 27715 INTRADAY LEVELS SUPPORT SUPP. 1 7635 SUPP. 2 7427 PIVOT 7751 Turmeric short term trend is down and may continue in coming days.RESISTAN CE RES. 1 7959 RES. 2 8075 GUARGUM APR. 8490 8550 8240 8330 -2.80 8498 INTRADAY LEVELS SUPPORT SUPP. 1 8197 SUPP. 2 8063 PIVOT 8373 Guargum Short term trend is down, Expecting price may go down in coming days.RESISTAN CE RES. 1 8507 RES. 2 8683
  • 3. Most Active Contract 3 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % TURMERIC 20-04-2015 8110.00 268.00 3.42% CORIANDER 20-04-2015 7256.00 206.00 2.92% RAPESEED-MUSTARD SEED 20-04-2015 3390.00 15.00 0.44% REFINED SOY OIL 20-04-2015 579.15 2.15 0.37% COTTON SEED OIL CAKE AKOLA 20-03-2015 1597.00 4.00 0.25% JEERA 20-03-2015 14540.00 10.00 0.07% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % BARLEY 20-04-2015 1159.00 -15.00 -1.28% CHANA 20-04-2015 3628.00 -17.00 -0.47% SOYABEAN 20-04-2015 3346.00 -11.00 -0.33% CASTOR SEED NEW 20-03-2015 3615.00 -2.00 -0.06% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 3665 3670 -0.14 CHANA 3628 3644 -0.44 CORIANDER 7256 7041 +3.05 GUARGUM 8110 8440 -3.91 JEERA 14815 14765 +0.34 MUSTARD SEED 3390 3381 +0.27 SOYABEAN 3346 3351 -0.15 TURMERIC 8110 7828 +3.60
  • 4. Commodities In News 4 ECONOMIC NEWS  Maharashtra's economy is expected to grow at a slower rate in 2014-15, compared with the previous year, the economic survey presented in the state legislature, on Tuesday, The state's economy is slated to grow at 5.7% which is lower than last fiscal's 7.3%, the survey noted, attributing the fall to an 8.5% contraction in agriculture,exacerbated by an inadequate monsoon. However, the industry and service sec tors held out hope for the state, with likely growth of 4% and 8.1%, respectively in 201415. Most districts in the state received only abou 70% of the annual average rainfall, affecting agriculture and allied activities. Finance minis ter Sudhir Mungantiwar toldthe state assembly that contraction in agricultural growth has af fected the state's economic performance. Agri culture and associated activities fared poorly mainlybecause of the bad monsoon in many parts of the state last year as well as in 2013, bu the industry, especially the service sector, has done well in this period. The GrossState Domestic Product (GSDP) was pegged at Rs 8,96,768 crore during 2013-14, against Rs 8,35,929 crore in 2012-13, showing a growth of 7.3%, as per the firstrevised estimates.The average consumer price index in the state for the period between April and December 2014 for rural areas was up by 3.5% , while that of ur ban areas was up by 4%, year on year. The year on-year rate of inflation based on all-India wholesale price index declined drastically.The survey says deficient rainfall in 226talukas in the state affected production of grains and other agricultural produce. Also, sowing of kharif crop was delayed, while rabi crop was hit by erratic rainfall in September and October. Production of foodgrains is also expected to be hit in the 2014-15 season compared to the previous year. Production oilseeds and some othe produce may also suffer.Mungantiwar informed the assembly tha from August 1991 to October 2014, a total of 18,709 proposals with investment worth Rs 10,63,342 crore were approved.  Turmeric surged today after falling to a one month low in last session as upcountry demand is expected to support sentiments in near term. However, over a medium term, 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 7875 per quintal, up Rs 105 per quintal on the day.  Some stable moves were seen in Guar today. Poor demand owing to weak exports is hitting sentiments in guar. Global crude oil prices are lingering at their six year lows and not much of an upside is expected in guar unless crude picks up from these levels. Gum export demand is very weak amid the rout in crude prices. Local millers have heavy stocks with them. Spot guar is quoting at Rs 3700 per quintal in Jodhpur- its lowest level in nearly one year.  Mustardmeal demand remains thin. Major Mustardseed producing areas have been witnessing rainfall for last few days though last couple of days have been clear. Next few days would offer an assessment of the status of the crop. If the skies stay like this then some correction could set in the market. Buying is thin today as traders are expecting not much of an impact on the standing crop. As per the latest estimate from Mustard Oil Producers Association (MOPA, the total mustard seed crop is likely to be around 57.40 lakh tonnes in 2014-15 against 65 lakh tonnes of last year in the same period.The commodity is quoting at Rs 3458 per quintal in Jaipur, down Rs 14 per quintal on the day.  Delhi Chana is trading mixed though sentiments are still being dominated by the recent rainfall. The overall sentiments still remain mixed and traders are likely to be in a wait and watch mode before the arrivals pick up strength. Reports are stating that crop which was sown early is likely to have endured some losses. In Delhi markets, the arrivals came in at 25 trucks as compared to 40 trucks in last session.
  • 5. 5 Fundamental Watch :Cotton COTTON ARRIVALS AT KEY SPOT MARKET National Market Update  India exported 1.81 lakh bales of cotton last week (09-15 Mar 2015), which was 1.70 lakh bales previous to last week (02-08 Mar 2015), according to the data released by IBIS. Imports on the other hand stood 0.17 lakh bales last week, which was 0.16 lakh bales previous to last week.Cotton price at NCDEX climbed more than two month high on Monday (16 March 2015) following the announcement of lower production estimates by CAI, unseasonal rainfall, depleting stocks and expectation of lower acreage in the coming season April contract of kapas at NCDEX touched the high of Rs 781 per maund (20kg each) which was level last seen on January 09 this year. Domestic cotton prices are on track of recovery. Weekly average price of cotton in Gujarat stood Rs. 3900 per quintal, around 4.14% higher when compared to the average price during previous to last week, which was Rs 3745. Cotton Association of India revised the cotton output estimates downwardly for the country at 397 lakh bales which was earlier estimated at 400.25 lakh bales in December 2014. The cause of the fall in output is decline in production estimates for central region including Gujarat, Maharashtra and Madhya Pradesh. According to CAI cotton consumption would stand around 306 lakh bales this season compared to 300.68 lakh bales in 2013-14. Cotton imports according to CAI latest estimates would be around 13 lakh bales this season, around 10.64% higher when compared to the imports of previous season which was 11.75 lakh bales. India exported 1.70 lakh bales of cotton last week (02-08 Mar 2015), which was 2.34 lakh bales previous to last week (23 Feb-01 Mar 2015), Imports on the other hand stood 0.16 lakh bales last week, which was 0.09 lakh bales previous to last week.  China imported 159,100 metric tons of cotton in February this year, 35.3% lower when compared to imports during the same month previous year, according to customs data cited by China Cotton Association (CCA).Cotton planting area in China this year is likely to drop by 23 percent this year compared to previous year, according to the latest survey reports by China Cotton Association (CCA). Earlier CCA expected cotton area to shrink by 25.4 percent in its January estimates. The rise in the figures this month is the result of expectation of higher cotton area in Xinjiang. According to the industry experts, Chinese cotton farmers are likely to replace cultivation of non- organi cotton with organic cotton as it fetches the better margins and its demand in international market is likely to manifold by 2020. CENTER 18-Mar-15 17-Mar-15 Change AMRAVATI 1000 900 +100 MAHESANA 30000 25000 +5000 RAJKOT 3200 3400 -200 PATAN NA 6450 - DEESA NA NA - BHIWANI 1500 2000 -500 GONDAL 1248 1137 +111
  • 6. Technical Outlook 6 BUY DHANIYA APRIL ABOVE 7270 TARGET 7320 7380 SL BELOW 7220 SELL GUARGUM APRIL BELOW 8190 TARGET 8140 8080 SL ABOVE 8260 SELL TURMERIC APRIL BELOW 8050 TARGET 8000 7940 SL ABOVE 8110 SELL CASTORSEED APRIL BELOW 3652 TARGET 3627 3562 SL ABOVE 3677
  • 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.