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DAILY AGRI COMMODITY REPORT
29 July 2015
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Alternate: +91 731 664 2320
Or give us a missed call at
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Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
AUG 6700 6848 6652 6794 +1.95 13125
INTRADAY
LEVELS
SUPPORT SUPP. 1
6681
SUPP. 2
6569
PIVOT
6765
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
6877
RES. 2
6961
CORIANDER
AUG 11225 11600 11100 11520 +0.26 20600
INTRADAY
LEVELS
SUPPORT SUPP.1
11213
SUPP. 2
10907
PIVOT
11407
Coriander short term
trend is bullish and May
continue in coming
days.RESISTAN
CE
RES. 1
11713
RES. 2
11907
GUARGUM
OCT 8310 8440 7980 8410 +1.20 12586
INTRADAY
LEVELS
SUPPORT SUPP. 1
8113
SUPP. 2
7817
PIVOT
8277
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8573
RES. 2
8737
CASTORSEED
AUG 3767 3866 3762 3856 +1.82 57420
INTRADAY
LEVELS
SUPPORT SUPP. 1
3790
SUPP. 2
3724
PIVOT
3828
Castorseed short term
trend is bullish and
May continue in
coming day.RESISTAN
CE
RES. 1
3894
RES. 2
3932
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3856 3787 +1.82
CHANA 4562 4573 -0.24
CORIANDER 11520 11490 +0.26
GUARGUM 8410 8310 +1.20
JEERA 14815 15025 -1.40
MUSTARD
SEED
4138 4116 +0.56
SOYABEAN 3283 3258 +0.77
TURMERIC 6794 6664 +1.95
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-08-2015 14860.00 -200.00 -1.33%
CHANA 20-08-2015 4566.00 -9.00 -0.20
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CASTOR SEED NEW 20-08-2015 3861.00 74.00 1.95%
TURMERIC 20-08-2015 6782.00 70.00 1.04%
COTTON SEED OIL CAKE
AKOLA
20-08-2015 1968.00 20.00 1.03%
SOYABEAN 20-08-2015 3284.00 19.00 0.58%
RAPESEED-MUSTARD
SEED
20-08-2015 4145.00 23.00 0.56%
REFINED SOY OIL 20-08-2015 567.20 1.50 0.27%
CORIANDER 20-08-2015 11495.00 5.00 0.04%
Commodities In News
4
ECONOMIC NEWS
Amid concerns over rising incidents of farmer suicides in the country, the
Narendra Modi-led government is planning to unveil an exclusive all-in-
one insurance product for the farming community as part of its ongoing
social security scheme.To be known as the Unified Package Insurance
Scheme (Bhartiya Krishi Bima Yojana), the policy would flaunt nine
features with mandatory crop insurance. However, farmers have to choose
at least four other features to avail subsidy under crop insurance section,
according to a draft prepared by the Finance Ministry.The draft report is at
discussion stage with all the key stakeholders.The move comes following
the successful launch of mass banking, insurance and pension products
over the past one year and amidst increasing reports of more and more
farmers ending their lives due to indebtedness and other socio-economic
issues.The proposed policy packages various products like crop insurance,
health cover, personal accident insurance, live stock/cattle insurance,
insurance cover for agriculture implements like tractors and pumpsets,
student safety insurance and of course, life insurance, says the draft.The
cover will be for one-year except for agriculture insurance (which will be
bi-annual separately for Kharif and Rabi crops) and will be renewable from
year to year.The scheme would be offered/ administered through general
insurers on similar terms which are applicable on other social security
covers with necessary approvals and allocation of area, it said.The scheme
shall be implemented through a multi-agency framework by implementing
agency under the overall guidance and control of the Union agriculture &
cooperation department, and the states concerned in coordination with
various other agencies.The other agencies involved the scheme include
financial institutions like commercial banks and cooperative banks,
regional rural banks and their regulatory bodies and government
departments like agriculture, horticulture, statistics, revenue,
information/science & technology and panchayati raj, says the draft.The
scheme aims at providing financial protection to farmers, thereby ensuring
food security, crop diversification and enhancing growth and
competitiveness of agriculture sector besides protecting farmers from
financial risks, says the draft.
Jeera settled down on weak exports and sluggish demand on arrival
of lower quality jeera. There is expectation of revival of export demand
on short supply but quality issues may not be positive for prices.
Meanwhile, there are reports that, cumin crop in China damaged due to
heavy rains. Still the quality issues and supply concerns from the
production states keep the prices volatile. As per third advance estimate
of Gujarat State, production is expected at 1.58 lakh tonnes in 2014-15,
which is 54.3 per cent lower, compared to last years’ production of
3.46 lakh tonnes.According to Gujarat government data released on
19th Jan 15, Jeera recorded 2.64 lakh hac, 42% less sowing compared
to last year’s 4.54 lakh hac. There is concern over production due to
untimely rainfall in March in Gujarat and Rajasthan. As per
Government data, 2.41 lakh hectare of cumin crop is damaged in
Rajasthan. According to latest spice board press release, cumin export
is stood at 155,500 tonnes for 2014-15 period and earned foreign
exchange worth Rs 1,838.20 crore while in 2013-14, the figures stood
at 121,500 tonnes valued at Rs 1,600 crore.Export orders may divert to
India due to Geo-political tensions in Syria and Turkey. In Unjha, a key
spot market in Gujarat, jeera edged down by -302.1 rupees to end at
16327.15 rupee per 100 kg.
Turmeric settled down as favorable rainfall in major growing states
such as Maharashtra and Karnataka during last week encouraging
turmeric sowing. Turmeric sowing area reported high in Maharashtra
and Tamil Nadu state during the current sowing period. However,
prospects of weak monsoon in July may not effect turmeric production
as it is sown mainly in irrigated conditions. However, excess rains
during the vegetative and harvesting may adversely affect the
production and quality.As per Spice board of India, the export for the
2014-15 is 86,000 tonnes worth Rs 744.35 crore compared to 77,500
tonnes and Rs 666.75 crore in FY14.
5
Fundamental Watch : Chana
CHANA ARRIVALS AT KEY SPOT MARKETNational Market Update
Government is expected to procure 5000 metric tonnnes of Tur from Malawi
in order to regulate the domestic prices. Tur prices have been increased by
around Rs 30 per kg as compared to the prices of last year across Delhi,
Kolkata and Mumbai. According to a official, government will import Tur
(Arhar) from Malawi, which will help prices to cool down and the procured
pulses will be provided to states from where it will be made available to
people at affordable price.
According to trader’s feed back in Indore region of Madhya Pradesh,
farmers have not received sufficient rainfall from last 15 days and if the
situation continues to be the same farmers who have sown urad and moong
may go for other crops. Urad and moong sown area till now in Indore region
have increased by around 20-35% as compared to last year.
The government of Rajasthan has revised the stock limit to wholesalers from
250 tonnes to 400 tonnes. Of the 400 tonnes, a wholesaler may hold up to 200
tonnes of chana and 200 tonnes of other pulses. An official said warehouses
registered with the Warehousing Development and Regulatory Authority
(WDRA) would also be covered in the norm.
Government agency MMTC opened a tender to import 5000 tonnes of Tur,
the offers must be of minimum 2500 tonnes and remain valid until 24th July
and has to be shipped within 15 September at Mumbai or Chennai port. Tur
can be imported from Myanmar, Mozambique and Malawi.
CENTER 27-July-15 25-July-15 Change
AHMEDNAGAR NA 4400 -
AJMER 4250 4300 -50
BHIND 4000 4000 UNCH
JAIPUR 4550 4550 UNCH
KANPUR 4825 4850 -25
NAGPUR 4200 4400 -200
VIJAYWADA 4200 4200 UNCH
Technical Outlook
6
BUY CORIANDER AUG ABOVE 11600 TARGET 11625 11665 SL
BELOW 11570
SELL GUARGUM OCT BELOW 8300 TARGET 8250 8180 SL
ABOVE 8360
SELL TURMERIC AUG BELOW 6720 TARGET 6680 6620 SL
ABOVE 6780
BUY CASTORSEED AUG ABOVE 3878 TARGET 3903 3933 SL
BELOW 3848
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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Epic research daily agri report 29 july 2015

  • 1. DAILY AGRI COMMODITY REPORT 29 July 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 TURMERIC AUG 6700 6848 6652 6794 +1.95 13125 INTRADAY LEVELS SUPPORT SUPP. 1 6681 SUPP. 2 6569 PIVOT 6765 Turmeric short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 6877 RES. 2 6961 CORIANDER AUG 11225 11600 11100 11520 +0.26 20600 INTRADAY LEVELS SUPPORT SUPP.1 11213 SUPP. 2 10907 PIVOT 11407 Coriander short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 11713 RES. 2 11907 GUARGUM OCT 8310 8440 7980 8410 +1.20 12586 INTRADAY LEVELS SUPPORT SUPP. 1 8113 SUPP. 2 7817 PIVOT 8277 Guargum short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 8573 RES. 2 8737 CASTORSEED AUG 3767 3866 3762 3856 +1.82 57420 INTRADAY LEVELS SUPPORT SUPP. 1 3790 SUPP. 2 3724 PIVOT 3828 Castorseed short term trend is bullish and May continue in coming day.RESISTAN CE RES. 1 3894 RES. 2 3932
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 3856 3787 +1.82 CHANA 4562 4573 -0.24 CORIANDER 11520 11490 +0.26 GUARGUM 8410 8310 +1.20 JEERA 14815 15025 -1.40 MUSTARD SEED 4138 4116 +0.56 SOYABEAN 3283 3258 +0.77 TURMERIC 6794 6664 +1.95 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % JEERA 20-08-2015 14860.00 -200.00 -1.33% CHANA 20-08-2015 4566.00 -9.00 -0.20 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CASTOR SEED NEW 20-08-2015 3861.00 74.00 1.95% TURMERIC 20-08-2015 6782.00 70.00 1.04% COTTON SEED OIL CAKE AKOLA 20-08-2015 1968.00 20.00 1.03% SOYABEAN 20-08-2015 3284.00 19.00 0.58% RAPESEED-MUSTARD SEED 20-08-2015 4145.00 23.00 0.56% REFINED SOY OIL 20-08-2015 567.20 1.50 0.27% CORIANDER 20-08-2015 11495.00 5.00 0.04%
  • 4. Commodities In News 4 ECONOMIC NEWS Amid concerns over rising incidents of farmer suicides in the country, the Narendra Modi-led government is planning to unveil an exclusive all-in- one insurance product for the farming community as part of its ongoing social security scheme.To be known as the Unified Package Insurance Scheme (Bhartiya Krishi Bima Yojana), the policy would flaunt nine features with mandatory crop insurance. However, farmers have to choose at least four other features to avail subsidy under crop insurance section, according to a draft prepared by the Finance Ministry.The draft report is at discussion stage with all the key stakeholders.The move comes following the successful launch of mass banking, insurance and pension products over the past one year and amidst increasing reports of more and more farmers ending their lives due to indebtedness and other socio-economic issues.The proposed policy packages various products like crop insurance, health cover, personal accident insurance, live stock/cattle insurance, insurance cover for agriculture implements like tractors and pumpsets, student safety insurance and of course, life insurance, says the draft.The cover will be for one-year except for agriculture insurance (which will be bi-annual separately for Kharif and Rabi crops) and will be renewable from year to year.The scheme would be offered/ administered through general insurers on similar terms which are applicable on other social security covers with necessary approvals and allocation of area, it said.The scheme shall be implemented through a multi-agency framework by implementing agency under the overall guidance and control of the Union agriculture & cooperation department, and the states concerned in coordination with various other agencies.The other agencies involved the scheme include financial institutions like commercial banks and cooperative banks, regional rural banks and their regulatory bodies and government departments like agriculture, horticulture, statistics, revenue, information/science & technology and panchayati raj, says the draft.The scheme aims at providing financial protection to farmers, thereby ensuring food security, crop diversification and enhancing growth and competitiveness of agriculture sector besides protecting farmers from financial risks, says the draft. Jeera settled down on weak exports and sluggish demand on arrival of lower quality jeera. There is expectation of revival of export demand on short supply but quality issues may not be positive for prices. Meanwhile, there are reports that, cumin crop in China damaged due to heavy rains. Still the quality issues and supply concerns from the production states keep the prices volatile. As per third advance estimate of Gujarat State, production is expected at 1.58 lakh tonnes in 2014-15, which is 54.3 per cent lower, compared to last years’ production of 3.46 lakh tonnes.According to Gujarat government data released on 19th Jan 15, Jeera recorded 2.64 lakh hac, 42% less sowing compared to last year’s 4.54 lakh hac. There is concern over production due to untimely rainfall in March in Gujarat and Rajasthan. As per Government data, 2.41 lakh hectare of cumin crop is damaged in Rajasthan. According to latest spice board press release, cumin export is stood at 155,500 tonnes for 2014-15 period and earned foreign exchange worth Rs 1,838.20 crore while in 2013-14, the figures stood at 121,500 tonnes valued at Rs 1,600 crore.Export orders may divert to India due to Geo-political tensions in Syria and Turkey. In Unjha, a key spot market in Gujarat, jeera edged down by -302.1 rupees to end at 16327.15 rupee per 100 kg. Turmeric settled down as favorable rainfall in major growing states such as Maharashtra and Karnataka during last week encouraging turmeric sowing. Turmeric sowing area reported high in Maharashtra and Tamil Nadu state during the current sowing period. However, prospects of weak monsoon in July may not effect turmeric production as it is sown mainly in irrigated conditions. However, excess rains during the vegetative and harvesting may adversely affect the production and quality.As per Spice board of India, the export for the 2014-15 is 86,000 tonnes worth Rs 744.35 crore compared to 77,500 tonnes and Rs 666.75 crore in FY14.
  • 5. 5 Fundamental Watch : Chana CHANA ARRIVALS AT KEY SPOT MARKETNational Market Update Government is expected to procure 5000 metric tonnnes of Tur from Malawi in order to regulate the domestic prices. Tur prices have been increased by around Rs 30 per kg as compared to the prices of last year across Delhi, Kolkata and Mumbai. According to a official, government will import Tur (Arhar) from Malawi, which will help prices to cool down and the procured pulses will be provided to states from where it will be made available to people at affordable price. According to trader’s feed back in Indore region of Madhya Pradesh, farmers have not received sufficient rainfall from last 15 days and if the situation continues to be the same farmers who have sown urad and moong may go for other crops. Urad and moong sown area till now in Indore region have increased by around 20-35% as compared to last year. The government of Rajasthan has revised the stock limit to wholesalers from 250 tonnes to 400 tonnes. Of the 400 tonnes, a wholesaler may hold up to 200 tonnes of chana and 200 tonnes of other pulses. An official said warehouses registered with the Warehousing Development and Regulatory Authority (WDRA) would also be covered in the norm. Government agency MMTC opened a tender to import 5000 tonnes of Tur, the offers must be of minimum 2500 tonnes and remain valid until 24th July and has to be shipped within 15 September at Mumbai or Chennai port. Tur can be imported from Myanmar, Mozambique and Malawi. CENTER 27-July-15 25-July-15 Change AHMEDNAGAR NA 4400 - AJMER 4250 4300 -50 BHIND 4000 4000 UNCH JAIPUR 4550 4550 UNCH KANPUR 4825 4850 -25 NAGPUR 4200 4400 -200 VIJAYWADA 4200 4200 UNCH
  • 6. Technical Outlook 6 BUY CORIANDER AUG ABOVE 11600 TARGET 11625 11665 SL BELOW 11570 SELL GUARGUM OCT BELOW 8300 TARGET 8250 8180 SL ABOVE 8360 SELL TURMERIC AUG BELOW 6720 TARGET 6680 6620 SL ABOVE 6780 BUY CASTORSEED AUG ABOVE 3878 TARGET 3903 3933 SL BELOW 3848
  • 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.