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DAILYAGRI COMMODITY REPORT
23 December 2014
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Phone.: +61 422 063855
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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
Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
JAN 12000 12610 11960 12590 +1.77 22370
INTRADAY
LEVELS
SUPPORT SUPP.1
12163
SUPP. 2
11737
PIVOT
12387
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
12813
RES. 2
13037
CASTORSEED
JAN 4784 4944 4750 4942 +2.87 178260
INTRADAY
LEVELS
SUPPORT SUPP. 1
4813
SUPP. 2
4865
PIVOT
4879
Castorseed short term
trend is up, Prices
expected to go up in
coming days.RESISTAN
CE
RES. 1
5007
RES. 2
5073
TURMERIC
APR 8048 8310 8040 4242 2.90 15385
INTRADAY
LEVELS
SUPPORT SUPP. 1
8065
SUPP. 2
7887
PIVOT
8187
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
8365
RES. 2
8487
GUARGUM
JAN 11820 12230 11630 12150 3.23 7742
INTRADAY
LEVELS
SUPPORT SUPP. 1
11777
SUPP. 2
11403
PIVOT
12003
Guargum Short term
trend is down,
Expecting price may go
down in coming days.RESISTAN
CE
RES. 1
12377
RES. 2
12603
Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-01-2015 14080.00 455.00 3.34%
CASTOR SEED NEW 20-01-2015 4913.00 142.00 2.98%
TURMERIC 20-04-2015 8290.00 222.00 2.75%
CHANA 20-01-2015 3344.00 73.00 2.23%
REFINED SOY OIL 20-01-2015 603.50 7.45 1.25%
COTTON SEED OIL CAKE
AKOLA
20-01-2015 1421.00 15.00 1.07%
SOYABEAN 20-01-2015 3327.00 32.00 0.97%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-01-2015 12577.00 -309.00 -2.40%
RAPESEED-MUSTARD SEED 20-01-2015 4198.00 -21.00 -0.50%
BARLEY 20-01-2015 1600.00 -4.00 -0.25%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4942 4804 +2.87
CHANA 3325 3279 +1.40
CORIANDER 12590 12371 +1.77
GUARGUM 12150 11770 +3.23
JEERA 13960 13635 +2.38
MUSTARD SEED 4194 4190 +0.10
SOYABEAN 3329 3295 +1.03
TURMERIC 8242 8010 +2.90
Commodities In News
4
ECONOMIC NEWS
In order to keep up the momentum gained during the 11th
Plan and achieve the targeted growth rate of 4% during the 12th
Five Year Plan as also the ensure focused approach and to avoid
overlap, all the ongoing 51 schemes of the Department have
been restructured into five missions,” the government said in its
Year end Review 2014-15. The five missions are: National Food
Security Mission (NFSM), Mission for Integrated Development
of Horticulture Mission (MIDH), National Mission on Oil Seed
and Oil Palm (NMOOP), National Mission for Sustainable
Agriculture (NMSA), and National Mission on Agricultural
Extension & Technology (NMAET); five Central Sector
Schemes viz. National Crop Insurance Programme (NCIP),
Intergrated Scheme on Agri-Census & Statistics (ISAC&S),
Integrated Scheme of Agriculture Marketing (ISAM), Integrated
Scheme of Agriculture Cooperation (ISAC) and Secretariat
Economic Service; and one State Plan Scheme viz. Rashtriya
Krishi Vikas Yojana. Recognizing the importance of Agriculture
Sector, the Government during the budget 2014-15 took a
number of steps for sustainable development of Agriculture.
These steps include enhanced institutional credit to farmers;
promotion of scientific warehousing infrastructure including
cold storages and cold chains in the country for increasing shelf
life of agricultural produce; Improved access to irrigation
through Pradhan Mantri Krishi Sichayee Yojana; provision of
Price Stabilisation Fund to mitigate price volatality in
agricultural produce; Mission mode scheme for Soil Health
Card; Setting up of Agri-tech Infrastructure fund for making
farming competitive and profitable.
Weakness was seen in turmeric market due to sharp selling in Sangli
mandi as prices were declined by Rs 200 per quintal today. However,
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.
Bullish trend continued in chana market due to strong demand of all
the major pulses such as Urad and Moong along with steady trend in
international market.The prices were increased by Rs 50 per quintal to
trade at Rs 3250 per quintal. Traders stated that total arrivals were
reported at 40 motors , up 15 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.
Mustard seed prices have witnessed some selling today due to limited
demand by millers in major mandies such as Alawar and
Bharatpue.Traders suggested that prices will remain strong in the near
term due to restricted selling by farmers and stockiest. The demand of
the mustard seed oil meal was steady at $285 per tonne.
Weakness continued in coriander market on stockiest liquidation at
higher levels.. 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.
Cotton, which till last year had been giving good returns to farmers
of Gujarat, has left many of them in distress and sparked fears that
Saurashtra region may turn into another Vidarbha. Both the regions
have the same profile of erratic rainfall and absence of proper irrigation
facilities which makes them dependent on the vagaries of nature.
Farmers are agitating for the last one months to press their demand for
increasing the minimum support price (MSP) of the cotton saying that
they have to incur huge loss due to the present price of Rs 810 per 20
kg.
5
Fundamental Watch : Chana
CHANA ARRIVALS AT KEY SPOT MARKET
National & International Market Update
Pulses market noticed firm movement on weak supply side and
rupees. Chana continuously surge on weak rupees and also on
expected 10% import duty.Rabi Pulses Sowing Down 10.9% Y-O-
Y, Chana Down 16.6%. According to Ministry of Agriculture, total
rabi pulses acreage till Dec 12,2014 is down by 10.9% to 111.13
lakh hectare(Ha.) as compared with last year’s area coverage of
124.78 lakh hectare during the corresponding week. The area
planted under chana is also down to 71.51 Lakh Ha. against 85.75
lakh ha. in same corresponding week during last year. At Dahod
market , Chana Desi closed firm at 3200 per quintal, higher by
10.34 per cent as against previous day. Arrivals were reported at
300 quintals, lower by 700 quintals from previous day's
arrivals.The area under sowing of Gram is at 75.15 lakh hectares
this year while the last year'sfigure was 89.46 lakh hectares.Area
coverage under Total Pulses is at 119.89 lakh hectares while the last
year'ssowing area coverage was 132.79 lakh hectares.
According to the USDA, USA pulses production up by 17% to
28685 (in ‘000 cwt) in 2014 from 24576 (‘000 cwt) in 2013. French
field pea exports in October 2014 up 36% by to 10640 tonne on M-
O-M basis (7827 tonne exported in September,2014) and down by
37% on Y-O-Y basis (16680 tonne shipped during the same month
in previousyear)-Union Nationale Inter professionnelle des Plantes
Riches en Proteines (UNIP).
CENTER 22-Dec-14 20-Dec-14 Change
DELHI 40 30 +10
AJMER 550 NA -
ALWAR 200 500 -300
ASHOKNAGAR 400 600 -200
JHANSI 200 NA -
DAHOD 300 NA -
VIJAYWADA 2000 1500 +500
Technical Outlook
6
BUY DHANIYA JAN ABOVE 12620 TGTS 12650,12700 SL 12570 BUY GUARGUM JAN ABOVE 12190 TGTS 12240,12340 SL 12100
BUY CASTORSEED JAN ABOVE 4950 TGTS 4980,5030 SL 4900 BUY TMC APR ABOVE 8295 TGTS 8345,8445 SL 8195
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
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 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
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Epic research daily agri report 23 dec 2014

  • 1. DAILYAGRI COMMODITY REPORT 23 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 12000 12610 11960 12590 +1.77 22370 INTRADAY LEVELS SUPPORT SUPP.1 12163 SUPP. 2 11737 PIVOT 12387 Dhaniya short term trend is down, further more downside is expected in comimg days. RESISTAN CE RES. 1 12813 RES. 2 13037 CASTORSEED JAN 4784 4944 4750 4942 +2.87 178260 INTRADAY LEVELS SUPPORT SUPP. 1 4813 SUPP. 2 4865 PIVOT 4879 Castorseed short term trend is up, Prices expected to go up in coming days.RESISTAN CE RES. 1 5007 RES. 2 5073 TURMERIC APR 8048 8310 8040 4242 2.90 15385 INTRADAY LEVELS SUPPORT SUPP. 1 8065 SUPP. 2 7887 PIVOT 8187 Turmeric short term trend is up and may continue in coming days.RESISTAN CE RES. 1 8365 RES. 2 8487 GUARGUM JAN 11820 12230 11630 12150 3.23 7742 INTRADAY LEVELS SUPPORT SUPP. 1 11777 SUPP. 2 11403 PIVOT 12003 Guargum Short term trend is down, Expecting price may go down in coming days.RESISTAN CE RES. 1 12377 RES. 2 12603
  • 3. Most Active Contract 3 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % JEERA 20-01-2015 14080.00 455.00 3.34% CASTOR SEED NEW 20-01-2015 4913.00 142.00 2.98% TURMERIC 20-04-2015 8290.00 222.00 2.75% CHANA 20-01-2015 3344.00 73.00 2.23% REFINED SOY OIL 20-01-2015 603.50 7.45 1.25% COTTON SEED OIL CAKE AKOLA 20-01-2015 1421.00 15.00 1.07% SOYABEAN 20-01-2015 3327.00 32.00 0.97% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CORIANDER 20-01-2015 12577.00 -309.00 -2.40% RAPESEED-MUSTARD SEED 20-01-2015 4198.00 -21.00 -0.50% BARLEY 20-01-2015 1600.00 -4.00 -0.25% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 4942 4804 +2.87 CHANA 3325 3279 +1.40 CORIANDER 12590 12371 +1.77 GUARGUM 12150 11770 +3.23 JEERA 13960 13635 +2.38 MUSTARD SEED 4194 4190 +0.10 SOYABEAN 3329 3295 +1.03 TURMERIC 8242 8010 +2.90
  • 4. Commodities In News 4 ECONOMIC NEWS In order to keep up the momentum gained during the 11th Plan and achieve the targeted growth rate of 4% during the 12th Five Year Plan as also the ensure focused approach and to avoid overlap, all the ongoing 51 schemes of the Department have been restructured into five missions,” the government said in its Year end Review 2014-15. The five missions are: National Food Security Mission (NFSM), Mission for Integrated Development of Horticulture Mission (MIDH), National Mission on Oil Seed and Oil Palm (NMOOP), National Mission for Sustainable Agriculture (NMSA), and National Mission on Agricultural Extension & Technology (NMAET); five Central Sector Schemes viz. National Crop Insurance Programme (NCIP), Intergrated Scheme on Agri-Census & Statistics (ISAC&S), Integrated Scheme of Agriculture Marketing (ISAM), Integrated Scheme of Agriculture Cooperation (ISAC) and Secretariat Economic Service; and one State Plan Scheme viz. Rashtriya Krishi Vikas Yojana. Recognizing the importance of Agriculture Sector, the Government during the budget 2014-15 took a number of steps for sustainable development of Agriculture. These steps include enhanced institutional credit to farmers; promotion of scientific warehousing infrastructure including cold storages and cold chains in the country for increasing shelf life of agricultural produce; Improved access to irrigation through Pradhan Mantri Krishi Sichayee Yojana; provision of Price Stabilisation Fund to mitigate price volatality in agricultural produce; Mission mode scheme for Soil Health Card; Setting up of Agri-tech Infrastructure fund for making farming competitive and profitable. Weakness was seen in turmeric market due to sharp selling in Sangli mandi as prices were declined by Rs 200 per quintal today. However, 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. Bullish trend continued in chana market due to strong demand of all the major pulses such as Urad and Moong along with steady trend in international market.The prices were increased by Rs 50 per quintal to trade at Rs 3250 per quintal. Traders stated that total arrivals were reported at 40 motors , up 15 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. Mustard seed prices have witnessed some selling today due to limited demand by millers in major mandies such as Alawar and Bharatpue.Traders suggested that prices will remain strong in the near term due to restricted selling by farmers and stockiest. The demand of the mustard seed oil meal was steady at $285 per tonne. Weakness continued in coriander market on stockiest liquidation at higher levels.. 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. Cotton, which till last year had been giving good returns to farmers of Gujarat, has left many of them in distress and sparked fears that Saurashtra region may turn into another Vidarbha. Both the regions have the same profile of erratic rainfall and absence of proper irrigation facilities which makes them dependent on the vagaries of nature. Farmers are agitating for the last one months to press their demand for increasing the minimum support price (MSP) of the cotton saying that they have to incur huge loss due to the present price of Rs 810 per 20 kg.
  • 5. 5 Fundamental Watch : Chana CHANA ARRIVALS AT KEY SPOT MARKET National & International Market Update Pulses market noticed firm movement on weak supply side and rupees. Chana continuously surge on weak rupees and also on expected 10% import duty.Rabi Pulses Sowing Down 10.9% Y-O- Y, Chana Down 16.6%. According to Ministry of Agriculture, total rabi pulses acreage till Dec 12,2014 is down by 10.9% to 111.13 lakh hectare(Ha.) as compared with last year’s area coverage of 124.78 lakh hectare during the corresponding week. The area planted under chana is also down to 71.51 Lakh Ha. against 85.75 lakh ha. in same corresponding week during last year. At Dahod market , Chana Desi closed firm at 3200 per quintal, higher by 10.34 per cent as against previous day. Arrivals were reported at 300 quintals, lower by 700 quintals from previous day's arrivals.The area under sowing of Gram is at 75.15 lakh hectares this year while the last year'sfigure was 89.46 lakh hectares.Area coverage under Total Pulses is at 119.89 lakh hectares while the last year'ssowing area coverage was 132.79 lakh hectares. According to the USDA, USA pulses production up by 17% to 28685 (in ‘000 cwt) in 2014 from 24576 (‘000 cwt) in 2013. French field pea exports in October 2014 up 36% by to 10640 tonne on M- O-M basis (7827 tonne exported in September,2014) and down by 37% on Y-O-Y basis (16680 tonne shipped during the same month in previousyear)-Union Nationale Inter professionnelle des Plantes Riches en Proteines (UNIP). CENTER 22-Dec-14 20-Dec-14 Change DELHI 40 30 +10 AJMER 550 NA - ALWAR 200 500 -300 ASHOKNAGAR 400 600 -200 JHANSI 200 NA - DAHOD 300 NA - VIJAYWADA 2000 1500 +500
  • 6. Technical Outlook 6 BUY DHANIYA JAN ABOVE 12620 TGTS 12650,12700 SL 12570 BUY GUARGUM JAN ABOVE 12190 TGTS 12240,12340 SL 12100 BUY CASTORSEED JAN ABOVE 4950 TGTS 4980,5030 SL 4900 BUY TMC APR ABOVE 8295 TGTS 8345,8445 SL 8195
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