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DAILY AGRI COMMODITY REPORT
20 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 11662 12125 11456 11480 -1.54 44050
INTRADAY
LEVELS
SUPPORT SUPP.1
11249
SUPP. 2
11018
PIVOT
11687
Coriander short term
trend is up and June
continue in coming
days.RESISTAN
CE
RES. 1
11918
RES. 2
12356
CASTORSEED
JUNE 3958 3958 3886 3899 -1.19 71250
INTRADAY
LEVELS
SUPPORT SUPP. 1
3871
SUPP. 2
3842
PIVOT
3914
Castorseed short term
trend is up and June
continue in coming
days..RESISTAN
CE
RES. 1
3943
RES. 2
3986
TURMERIC
JUNE 8250 8300 7946 8100 -1.89 185.30
INTRADAY
LEVELS
SUPPORT SUPP. 1
7931
SUPP. 2
7761
PIVOT
8115
Turmeric short term
trend is down and June
continue in coming
days.RESISTAN
CE
RES. 1
8285
RES. 2
8469
GUARGUM
JUNE 11710 11710 11220 11340 -3.98 11330
INTRADAY
LEVELS
SUPPORT SUPP. 1
11137
SUPP. 2
10933
PIVOT
11423
Guargum short term
trend is up and June
continue in coming
days.RESISTAN
CE
RES. 1
11627
RES. 2
11913
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3899 3946 -1.19
CHANA 4701 4750 -1.03
CORIANDER 11480 11660 -1.54
GUARGUM 11340 11810 -3.98
JEERA 18440 18500 -0.32
MUSTARD SEED 4045 4093 -1.17
SOYABEAN 4050 4143 -2.24
TURMERIC 8100 8256 -1.89
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
SOYABEAN 19-06-2015 4050.00 -93.00 -2.24%
TURMERIC 20-05-2015 8042.00 -178.00 -2.17%
CORIANDER 20-05-2015 11142.00 -242.00 -2.13%
CASTOR SEED NEW 20-05-2015 3781.00 -64.00 -1.66%
CHANA 20-05-2015 4635.00 -58.00 -1.24%
RAPESEED-MUSTARD
SEED
20-05-2015 4015.00 -50.00 -1.23%
COTTON SEED OIL CAKE
AKOLA
20-05-2015 1831.00 -17.00 -0.92%
REFINED SOY OIL 19-06-2015 598.10 -4.60 -0.76%
BARLEY 20-05-2015 1235.00 -8.00 -0.64%
JEERA 20-05-2015 17920.00 -30.00 -0.17%
Commodities In News
4
ECONOMIC NEWS
 Sugarcane price arrears have crossed Rs 21,000 crore as more than
one third of the cane price remains to be paid due to high cane prices
as compared to the subdued sugar prices. At 278.48 lakh tonnes,
India has produced 16% higher sugar in 2014-15 over the previous
year, marking fifth consecutive year of surplus sugar
production.Indian Sugar Mills Association, the representative of the
private sugar industry in the country claimed in a statement, "The
reason for surplus sugar is because surplus sugarcane is getting
produced and the mills are under legal compulsion to crush all the
sugarcane, resulting in surplus sugar," demanding, "Either the
Government pays the cane price arrears to the farmers directly or
assists the industry by buying out 3 million tons of sugar at the FRP
based cost of production.According to ISMA, Maharashtra, the top
sugar producer of the country is expected to register an increase of
35% in sugar production over previous year.Maharashtra sugar mills
have produced 104.37 lakh tonnes of sugar till May 15, 2015, as
against 77.20 lakh tonnes produced during the corresponding date in
2013-14 sugar season.Sugar mills of Uttar Pradesh have produced
70.80 lakh tonnes of sugar till May 15, 2015, as compared to 65.ed
by these mills in 2013-14 on the corresponding period. 5 sugar mills
are still crushing sugarcane for the current 2014-15 SS, as against
only 3 in 2013-14 as on 15th May 2014.The government of India has
announced an export subsidy for export of raw sugar. only 4.6 lakh
tonne sugar had been exported till first week of May, 2015 and
another 2 lakh tonnes to 3 lakh tonnes is likely to be exported in the
remaining period of the season.The industry body has estimated the
closing stock at the end of the current season to be the highest in last
six sugar seasons at 103 lakh tonnes. ISMA said that the cane price
arrears have crossed Rs21,000 crore, which is almost 35 per cent of
the total cane price payable in the season. “This is the worst ever
situation in the history of the Indian sugar sector,” the association
said that the reason for surplus sugar output is that mills are under
legal compulsion to crush all the sugarcane.
 Profit booking was seen mustard seed futures from the higher levels on the
back of limited export demand of meal couple with weakness in other oilseeds
in local mandies. The NCDEX futures shrugged off by 1.10 percent todayThe
market sources suggested that demand of mustard seed and meal was remained
silent at higher levels as traders are expecting some weakness in the near term.
The latest compiled by SEA of India also stated that the overall export of
mustard meal during April 2015 is reported at 4000 tons compared to 12000
tons in April 2014 i.e. down by 66%.The prices were also hammered by
weakness in other oilseeds such as castor seed and soyabean in today's trading.
However, total daily arrivals were remained thin at 2.50-2.75 lakh bags , down
almost 0.50 lakh bags from the last week.
 Jeera trading range for the day is 17525-18985. (Cumin Seed) standing crop.
Due to unseasonal recent rains in Gujarat likely to damage Jeera quality (color
damage) and production may fall by 5% current year. Harvesting has been
affected on late rains in Rajasthan and overall output could suffer. According to
a latest update from the Agriculture Ministry there has been an increase in the
area under Rabi crop coverage that was affected by unseasonal rainfall and
hailstorms from late February to early April. he revised figure on the basis of
State-wise data has more than doubled from the April 16 estimate of 93.82 lakh
hectares (lh) and as stands at 189.81 lakh hectares (lh) as of April 24. At
Mehsana estimated market supply was at 9000 quintals, down by 1000 quintals
as compared to previous day. At Rajkot market sources reported arrivals at
1170 quintal, higher by 690 quintal as against previous day. At New Delhi
market total arrivals are at 7000 quintals, down by 3000 quintals as against
previous day. At Jodhpur market total arrivals are at 2000 quintals, lower by
500 quintals as compared to previous day.
 Due to Profit booking and limited demand by exporters and stockiest at
current level. Turmeric closed negative, Traders are expecting the total
production in the range of 50-52 lakh bags in the current year, down 20 lakh
bags from the last year in the same period. Sources also stated that around 75
lakh bags of total stocks have been reported in local mandies.
5
Fundamental Watch : Castorseed
CASTORSEED ARRIVALS AT KEY SPOT
MARKET
National Market Update
 Major cash markets traded firm during the week under review against all
expectation of bearish outlook, weak demand for oil and planters unwillingness to buy
at higher price. Cash market post smart recovery last week taking clue from futures
market. Bulls operators started taking position in forward months as they think that
short supply of seed is inevitable in the second half. Stockists are active and they
continued to buy for stock purpose. Various cash markets increased in the range of Rs
50 to Rs200 per qtl in last one week. However, market expert says that current higher
level is unlikely to sustain due to lack of actual trade demands. There is a common
view that market would decrease once again by the end of this month. Major stake
holders would take position after mid June when monsoon status and farmers sowing
intention would be clearer. 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 seed price in Rajkot too traded up by Rs 1250 to Rs 36750 per tonne
from Rs 35500 per tonne in the third week of May. It is 9.02 percent lower from the
price realized during May,2014. increase of Rs 400-Rs 500 per tonne this week. After
that down ward correction is expected. 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.As seed prices have gone up FOB quote at kandla would increase from $1205 to
$1215 per tone.
 China, EU,US may start restricted buying once again by the end of the month.
There is a gossip in the market that some forward deals have been finalized for July –
August shipment. Prices of this deal has not been disclosed 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 19-May-15 18-May-15 Change
SUMERPUR 2400 2400 UNCH
JODHPUR 160 160 UNCH
HALVAD 1125 900 +225
RAJKOT 997 740 +257
GONDAL 522 487 +35
PATAN 10500 12000 -1500
MAHESANA 1600 800 +800
Technical Outlook
6
BUY CORIANDER JUNE ABOVE 11646 TARGET 11671 11711 SL
BELOW11621
SELL GUARGUM JUNE BELOW 11220 TARGET 11170 11110 SL
ABOVE 11280
SELL TURMERIC JUNE BELOW 8180 TARGET 8140 8080 SL
ABOVE 8240
SELL CASTORSEED JUNE BELOW 3893 TARGET 3868 3838 SL
ABOVE 3918
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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 20th may 2015

  • 1. DAILY AGRI COMMODITY REPORT 20 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 11662 12125 11456 11480 -1.54 44050 INTRADAY LEVELS SUPPORT SUPP.1 11249 SUPP. 2 11018 PIVOT 11687 Coriander short term trend is up and June continue in coming days.RESISTAN CE RES. 1 11918 RES. 2 12356 CASTORSEED JUNE 3958 3958 3886 3899 -1.19 71250 INTRADAY LEVELS SUPPORT SUPP. 1 3871 SUPP. 2 3842 PIVOT 3914 Castorseed short term trend is up and June continue in coming days..RESISTAN CE RES. 1 3943 RES. 2 3986 TURMERIC JUNE 8250 8300 7946 8100 -1.89 185.30 INTRADAY LEVELS SUPPORT SUPP. 1 7931 SUPP. 2 7761 PIVOT 8115 Turmeric short term trend is down and June continue in coming days.RESISTAN CE RES. 1 8285 RES. 2 8469 GUARGUM JUNE 11710 11710 11220 11340 -3.98 11330 INTRADAY LEVELS SUPPORT SUPP. 1 11137 SUPP. 2 10933 PIVOT 11423 Guargum short term trend is up and June continue in coming days.RESISTAN CE RES. 1 11627 RES. 2 11913
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 3899 3946 -1.19 CHANA 4701 4750 -1.03 CORIANDER 11480 11660 -1.54 GUARGUM 11340 11810 -3.98 JEERA 18440 18500 -0.32 MUSTARD SEED 4045 4093 -1.17 SOYABEAN 4050 4143 -2.24 TURMERIC 8100 8256 -1.89 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % SOYABEAN 19-06-2015 4050.00 -93.00 -2.24% TURMERIC 20-05-2015 8042.00 -178.00 -2.17% CORIANDER 20-05-2015 11142.00 -242.00 -2.13% CASTOR SEED NEW 20-05-2015 3781.00 -64.00 -1.66% CHANA 20-05-2015 4635.00 -58.00 -1.24% RAPESEED-MUSTARD SEED 20-05-2015 4015.00 -50.00 -1.23% COTTON SEED OIL CAKE AKOLA 20-05-2015 1831.00 -17.00 -0.92% REFINED SOY OIL 19-06-2015 598.10 -4.60 -0.76% BARLEY 20-05-2015 1235.00 -8.00 -0.64% JEERA 20-05-2015 17920.00 -30.00 -0.17%
  • 4. Commodities In News 4 ECONOMIC NEWS  Sugarcane price arrears have crossed Rs 21,000 crore as more than one third of the cane price remains to be paid due to high cane prices as compared to the subdued sugar prices. At 278.48 lakh tonnes, India has produced 16% higher sugar in 2014-15 over the previous year, marking fifth consecutive year of surplus sugar production.Indian Sugar Mills Association, the representative of the private sugar industry in the country claimed in a statement, "The reason for surplus sugar is because surplus sugarcane is getting produced and the mills are under legal compulsion to crush all the sugarcane, resulting in surplus sugar," demanding, "Either the Government pays the cane price arrears to the farmers directly or assists the industry by buying out 3 million tons of sugar at the FRP based cost of production.According to ISMA, Maharashtra, the top sugar producer of the country is expected to register an increase of 35% in sugar production over previous year.Maharashtra sugar mills have produced 104.37 lakh tonnes of sugar till May 15, 2015, as against 77.20 lakh tonnes produced during the corresponding date in 2013-14 sugar season.Sugar mills of Uttar Pradesh have produced 70.80 lakh tonnes of sugar till May 15, 2015, as compared to 65.ed by these mills in 2013-14 on the corresponding period. 5 sugar mills are still crushing sugarcane for the current 2014-15 SS, as against only 3 in 2013-14 as on 15th May 2014.The government of India has announced an export subsidy for export of raw sugar. only 4.6 lakh tonne sugar had been exported till first week of May, 2015 and another 2 lakh tonnes to 3 lakh tonnes is likely to be exported in the remaining period of the season.The industry body has estimated the closing stock at the end of the current season to be the highest in last six sugar seasons at 103 lakh tonnes. ISMA said that the cane price arrears have crossed Rs21,000 crore, which is almost 35 per cent of the total cane price payable in the season. “This is the worst ever situation in the history of the Indian sugar sector,” the association said that the reason for surplus sugar output is that mills are under legal compulsion to crush all the sugarcane.  Profit booking was seen mustard seed futures from the higher levels on the back of limited export demand of meal couple with weakness in other oilseeds in local mandies. The NCDEX futures shrugged off by 1.10 percent todayThe market sources suggested that demand of mustard seed and meal was remained silent at higher levels as traders are expecting some weakness in the near term. The latest compiled by SEA of India also stated that the overall export of mustard meal during April 2015 is reported at 4000 tons compared to 12000 tons in April 2014 i.e. down by 66%.The prices were also hammered by weakness in other oilseeds such as castor seed and soyabean in today's trading. However, total daily arrivals were remained thin at 2.50-2.75 lakh bags , down almost 0.50 lakh bags from the last week.  Jeera trading range for the day is 17525-18985. (Cumin Seed) standing crop. Due to unseasonal recent rains in Gujarat likely to damage Jeera quality (color damage) and production may fall by 5% current year. Harvesting has been affected on late rains in Rajasthan and overall output could suffer. According to a latest update from the Agriculture Ministry there has been an increase in the area under Rabi crop coverage that was affected by unseasonal rainfall and hailstorms from late February to early April. he revised figure on the basis of State-wise data has more than doubled from the April 16 estimate of 93.82 lakh hectares (lh) and as stands at 189.81 lakh hectares (lh) as of April 24. At Mehsana estimated market supply was at 9000 quintals, down by 1000 quintals as compared to previous day. At Rajkot market sources reported arrivals at 1170 quintal, higher by 690 quintal as against previous day. At New Delhi market total arrivals are at 7000 quintals, down by 3000 quintals as against previous day. At Jodhpur market total arrivals are at 2000 quintals, lower by 500 quintals as compared to previous day.  Due to Profit booking and limited demand by exporters and stockiest at current level. Turmeric closed negative, Traders are expecting the total production in the range of 50-52 lakh bags in the current year, down 20 lakh bags from the last year in the same period. Sources also stated that around 75 lakh bags of total stocks have been reported in local mandies.
  • 5. 5 Fundamental Watch : Castorseed CASTORSEED ARRIVALS AT KEY SPOT MARKET National Market Update  Major cash markets traded firm during the week under review against all expectation of bearish outlook, weak demand for oil and planters unwillingness to buy at higher price. Cash market post smart recovery last week taking clue from futures market. Bulls operators started taking position in forward months as they think that short supply of seed is inevitable in the second half. Stockists are active and they continued to buy for stock purpose. Various cash markets increased in the range of Rs 50 to Rs200 per qtl in last one week. However, market expert says that current higher level is unlikely to sustain due to lack of actual trade demands. There is a common view that market would decrease once again by the end of this month. Major stake holders would take position after mid June when monsoon status and farmers sowing intention would be clearer. 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 seed price in Rajkot too traded up by Rs 1250 to Rs 36750 per tonne from Rs 35500 per tonne in the third week of May. It is 9.02 percent lower from the price realized during May,2014. increase of Rs 400-Rs 500 per tonne this week. After that down ward correction is expected. 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.As seed prices have gone up FOB quote at kandla would increase from $1205 to $1215 per tone.  China, EU,US may start restricted buying once again by the end of the month. There is a gossip in the market that some forward deals have been finalized for July – August shipment. Prices of this deal has not been disclosed 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 19-May-15 18-May-15 Change SUMERPUR 2400 2400 UNCH JODHPUR 160 160 UNCH HALVAD 1125 900 +225 RAJKOT 997 740 +257 GONDAL 522 487 +35 PATAN 10500 12000 -1500 MAHESANA 1600 800 +800
  • 6. Technical Outlook 6 BUY CORIANDER JUNE ABOVE 11646 TARGET 11671 11711 SL BELOW11621 SELL GUARGUM JUNE BELOW 11220 TARGET 11170 11110 SL ABOVE 11280 SELL TURMERIC JUNE BELOW 8180 TARGET 8140 8080 SL ABOVE 8240 SELL CASTORSEED JUNE BELOW 3893 TARGET 3868 3838 SL ABOVE 3918
  • 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.