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DAILY AGRI COMMODITY REPORT
30 December 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
Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
APR 9890 10040 9840 9974 +0.73% 8380
INTRADAY
LEVELS
SUPPORT SUPP
9862.6. 1
SUPP. 2
9751.3
PIVOT
9862.6
Turmeric short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
10062
RES. 2
10151
CORIANDER
JAN 8360 8360 7942 7942 -5.99% 4780
INTRADAY
LEVELS
SUPPORT SUPP.1
7802.6
SUPP. 2
7663.3
PIVOT
8081.3
Coriander short term
trend is bearish and May
continue in coming
days.
RESISTAN
CE
RES. 1
8220.6
RES. 2
8499.3
GUARGUM
JAN 6880 6880 6440 6530 -2.39% 18280
INTRADAY
LEVELS
SUPPORT SUPP. 1
6353.3
SUPP. 2
6176.6
PIVOT
6616.6
Guargum short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
6793.3
RES. 2
7056.6
CASTORSEED
JAN 3792 3806 3746 3768 -1.02% 57150
INTRADAY
LEVELS
SUPPORT SUPP. 1
3770.6
SUPP. 2
3795.3
PIVOT
3781.3
Castorseed short term
trend is bearish and
May continue in
coming day.
RESISTAN
CE
RES. 1
3756.3
RES. 2
3767.3
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3792 3768 -1.02%
CHANA 4915 4733 -3.75%
CORIANDER 8360 7942 -5.99%
GUARGUM 6880 6530 -2.39%
JEERA 14080 14160 -0.04%
MUSTARD
SEED
4385 4290 -2.41%
SOYABEAN 3700 3714 +0.68%
TURMERIC 9890 9974 +0.73%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-01-2016 7942.00 -506.00 -5.99%
CHANA 20-01-2016 4754.00 -142.00 -2.90%
RAPESEED-MUSTARD
SEED
20-01-2016 4308.00 -88.00 -2.00%
JEERA 20-01-2016 14040.00 -105.00 -0.74%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
SOYABEAN 20-01-2016 3712.00 33.00 0.90%
TURMERIC 20-04-2016 9980.00 80.00 0.81%
BARLEY 20-01-2016 1424.50 1.00 0.07%
Commodities In News
4
ECONOMIC NEWS
Seeking full regulation of cotton seed price, the seed industry body NSAI
plans to move the Delhi High Court to oppose a Mahyco-Monsanto
Biotech Ltd plea that the government should not regulate trait fee or royalty
charged by technology providers. Mahyco-Monsanto Biotech (India) Pvt
Ltd (MMBL) is a joint venture company of US biotech major Monsanto.
The Agriculture Ministry had on December 7 issued a Cotton Seeds Price
(Control) Order to fix a uniform maximum retail price (MRP) from March
on all cotton seeds including the genetically modified versions. It also
decided to fix and regulate the seed value and licensee fee including
royalty or trait value.MMBL had on December 19 filed a writ petition in
the Delhi High Court challenging the order's certain provisions that seek to
regulate the licensing of cotton seed technology.
In a bid to provide immediate relief to cotton-growing farmers in the
Vidarbha region, a prominent farm activist has suggested that Maharashtra
government follow the 'Gujarat model' and declare bonus for the produce
sold through Cotton Corporation of India centres. The Gujarat government
recently declared a bonus of Rs 650 per quintal on the produce sold
through CCI centres. "Cotton-producing farmers are already facing an
economic burden due to crop failure for the last two years. On top of it,
market rates of cotton are also sluggish, nearing the minimum support price
(MSP) level," Kishor Tiwari, who has now been appointed director of the
state government's Vasantrao Naik Shetkari Swavlamban Mission
(VNSSM), told PTI.
The higher levels obtained last week were not sustained for
Chana as lack of trading activities in mandis prevented any
further recovery in prices. Tracking fall in other Agri counters, a
moderate correction was noted for Chana.
Lack of strong export demand in mandis amidst higher arrivals
kept pressure on the market sentiments for Mentha Oil. With
International markets closing for Christmas and New Year
holidays, some more dips in short term is not ruled out.
Rates fell for Jeera as lack of export demand from closure of
International markets kept trend down for the commodity. Short
term trend looks weak as cooler weather in Gujarat and
Rajasthan kept prospects of crop growth good and that prevented
prices from recovering much.
Market sentiments remained down for Turmeric as prospects of
rising arrivals of the new crop kept pressure on prices. Lack of
strong demand amidst high arrivals too prevented any recovery
for the counter. Some more dips in the near term is not ruled out
as exports are likely to remain adversely affected in the short
term as export demand likely to recover only after International
markets open after Jan 1st week.
Lower domestic demand amidst weakness in crude oil and
some downtrend in international markets kept Indian market
sentiments down also. Fall in Soybean too kept pressure on the
markets as a moderate fall was noted for Ref Soy Oil.
5
Fundamental Watch : Chana
CHANA
PRICES AT KEY SPOT MARKET
National Market Update
According to the trade sources of Patna region in Bihar, masoor sowing area may
increase by 15-20% this year as compare to last year. Farmers in this region are not
dependent on rain as they are supplying water to their field through pipelines. Overall
weather condition is good and flowering stage is expected from mid January.
Chana in Ganj Basoda region of Madhya Pradesh is in flowering stage and is in
good condition. Late sown chana crop is in growing stage. Overall condition is good
and if condition remains same we can expect higher yield this year.
According to IBIS (provisional data), import of pulses in the week (07 Dec-13 Dec)
was around 265 Thousand tonnes at major ports in India, around 68% higher than
previous week’s (07 Dec-13 Dec) import of 158 Thousand tonnes. Pigeon Pea, Green
Pea, Cow Pea, Kidney Bean and Masoor were imported lower this week whereas
Yellow Pea, Moong Chana, and Urad were imported higher as compared to last week.
New harvested Chana crop starts hitting Solapur market of Maharashtra region.
Prices of new chana having moisture level of 16-17% are in the range of 4800 to
4900, higher than normal. Arrivals are being reported around 40-50 bags per day.
With prevailing higher prices and lower availability of stock of lentil in domestic
market import has been on the rise in recent months. India has imported 1.34 lakh
tonne lentil during last two weeks of December up to 13th, December-2015.Against
this India had imported only 0.77 Lakh tonnes lentil in whole of December-
2014.Traders are also covering their short position at this point of time because prices
of lentil in Canada is expected to go up from current level and import may be costly in
the months ahead.
Pulses area is 7.19 Lakh Ha as on 12th December,2015 which is around 32% higher
than the last year at the same time area of 5.45 Lakh Ha. Urad sowing area has
increased from 1.66 Lakh Ha to 2.52 Lakh Ha this year.
CENTER 29-Dec-15 28-Dec-15 Change
AJMER
150 NA -
ASHOK NAGAR 300 500 -200
BHIND 30 30 UNCHANGED
BUNDI 15 20 -5
JHANSI NA 100 -
PIPARIYA 400 150 250
VIJAYWADA 1500 2000 -500
Technical Outlook
6
SELL CORIANDER JAN BELOW 7930 TARGET 7885 7735 SL
ABOVE 7995
SELL GUARGUM JAN BELOW 6440 TARGET 6390 6320 SL
ABOVE 6500
BUY TURMERIC APRIL ABOVE 10080 TARGET 10124 10184 SL
BELOW 10020
SELL CASTORSEED JAN BELOW 3740 TARGET 3715 3685 SL
ABOVE 3765
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
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Epic research daily agri report 30 dec 2015

  • 1. DAILY AGRI COMMODITY REPORT 30 December 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 APR 9890 10040 9840 9974 +0.73% 8380 INTRADAY LEVELS SUPPORT SUPP 9862.6. 1 SUPP. 2 9751.3 PIVOT 9862.6 Turmeric short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 10062 RES. 2 10151 CORIANDER JAN 8360 8360 7942 7942 -5.99% 4780 INTRADAY LEVELS SUPPORT SUPP.1 7802.6 SUPP. 2 7663.3 PIVOT 8081.3 Coriander short term trend is bearish and May continue in coming days. RESISTAN CE RES. 1 8220.6 RES. 2 8499.3 GUARGUM JAN 6880 6880 6440 6530 -2.39% 18280 INTRADAY LEVELS SUPPORT SUPP. 1 6353.3 SUPP. 2 6176.6 PIVOT 6616.6 Guargum short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 6793.3 RES. 2 7056.6 CASTORSEED JAN 3792 3806 3746 3768 -1.02% 57150 INTRADAY LEVELS SUPPORT SUPP. 1 3770.6 SUPP. 2 3795.3 PIVOT 3781.3 Castorseed short term trend is bearish and May continue in coming day. RESISTAN CE RES. 1 3756.3 RES. 2 3767.3
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 3792 3768 -1.02% CHANA 4915 4733 -3.75% CORIANDER 8360 7942 -5.99% GUARGUM 6880 6530 -2.39% JEERA 14080 14160 -0.04% MUSTARD SEED 4385 4290 -2.41% SOYABEAN 3700 3714 +0.68% TURMERIC 9890 9974 +0.73% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CORIANDER 20-01-2016 7942.00 -506.00 -5.99% CHANA 20-01-2016 4754.00 -142.00 -2.90% RAPESEED-MUSTARD SEED 20-01-2016 4308.00 -88.00 -2.00% JEERA 20-01-2016 14040.00 -105.00 -0.74% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % SOYABEAN 20-01-2016 3712.00 33.00 0.90% TURMERIC 20-04-2016 9980.00 80.00 0.81% BARLEY 20-01-2016 1424.50 1.00 0.07%
  • 4. Commodities In News 4 ECONOMIC NEWS Seeking full regulation of cotton seed price, the seed industry body NSAI plans to move the Delhi High Court to oppose a Mahyco-Monsanto Biotech Ltd plea that the government should not regulate trait fee or royalty charged by technology providers. Mahyco-Monsanto Biotech (India) Pvt Ltd (MMBL) is a joint venture company of US biotech major Monsanto. The Agriculture Ministry had on December 7 issued a Cotton Seeds Price (Control) Order to fix a uniform maximum retail price (MRP) from March on all cotton seeds including the genetically modified versions. It also decided to fix and regulate the seed value and licensee fee including royalty or trait value.MMBL had on December 19 filed a writ petition in the Delhi High Court challenging the order's certain provisions that seek to regulate the licensing of cotton seed technology. In a bid to provide immediate relief to cotton-growing farmers in the Vidarbha region, a prominent farm activist has suggested that Maharashtra government follow the 'Gujarat model' and declare bonus for the produce sold through Cotton Corporation of India centres. The Gujarat government recently declared a bonus of Rs 650 per quintal on the produce sold through CCI centres. "Cotton-producing farmers are already facing an economic burden due to crop failure for the last two years. On top of it, market rates of cotton are also sluggish, nearing the minimum support price (MSP) level," Kishor Tiwari, who has now been appointed director of the state government's Vasantrao Naik Shetkari Swavlamban Mission (VNSSM), told PTI. The higher levels obtained last week were not sustained for Chana as lack of trading activities in mandis prevented any further recovery in prices. Tracking fall in other Agri counters, a moderate correction was noted for Chana. Lack of strong export demand in mandis amidst higher arrivals kept pressure on the market sentiments for Mentha Oil. With International markets closing for Christmas and New Year holidays, some more dips in short term is not ruled out. Rates fell for Jeera as lack of export demand from closure of International markets kept trend down for the commodity. Short term trend looks weak as cooler weather in Gujarat and Rajasthan kept prospects of crop growth good and that prevented prices from recovering much. Market sentiments remained down for Turmeric as prospects of rising arrivals of the new crop kept pressure on prices. Lack of strong demand amidst high arrivals too prevented any recovery for the counter. Some more dips in the near term is not ruled out as exports are likely to remain adversely affected in the short term as export demand likely to recover only after International markets open after Jan 1st week. Lower domestic demand amidst weakness in crude oil and some downtrend in international markets kept Indian market sentiments down also. Fall in Soybean too kept pressure on the markets as a moderate fall was noted for Ref Soy Oil.
  • 5. 5 Fundamental Watch : Chana CHANA PRICES AT KEY SPOT MARKET National Market Update According to the trade sources of Patna region in Bihar, masoor sowing area may increase by 15-20% this year as compare to last year. Farmers in this region are not dependent on rain as they are supplying water to their field through pipelines. Overall weather condition is good and flowering stage is expected from mid January. Chana in Ganj Basoda region of Madhya Pradesh is in flowering stage and is in good condition. Late sown chana crop is in growing stage. Overall condition is good and if condition remains same we can expect higher yield this year. According to IBIS (provisional data), import of pulses in the week (07 Dec-13 Dec) was around 265 Thousand tonnes at major ports in India, around 68% higher than previous week’s (07 Dec-13 Dec) import of 158 Thousand tonnes. Pigeon Pea, Green Pea, Cow Pea, Kidney Bean and Masoor were imported lower this week whereas Yellow Pea, Moong Chana, and Urad were imported higher as compared to last week. New harvested Chana crop starts hitting Solapur market of Maharashtra region. Prices of new chana having moisture level of 16-17% are in the range of 4800 to 4900, higher than normal. Arrivals are being reported around 40-50 bags per day. With prevailing higher prices and lower availability of stock of lentil in domestic market import has been on the rise in recent months. India has imported 1.34 lakh tonne lentil during last two weeks of December up to 13th, December-2015.Against this India had imported only 0.77 Lakh tonnes lentil in whole of December- 2014.Traders are also covering their short position at this point of time because prices of lentil in Canada is expected to go up from current level and import may be costly in the months ahead. Pulses area is 7.19 Lakh Ha as on 12th December,2015 which is around 32% higher than the last year at the same time area of 5.45 Lakh Ha. Urad sowing area has increased from 1.66 Lakh Ha to 2.52 Lakh Ha this year. CENTER 29-Dec-15 28-Dec-15 Change AJMER 150 NA - ASHOK NAGAR 300 500 -200 BHIND 30 30 UNCHANGED BUNDI 15 20 -5 JHANSI NA 100 - PIPARIYA 400 150 250 VIJAYWADA 1500 2000 -500
  • 6. Technical Outlook 6 SELL CORIANDER JAN BELOW 7930 TARGET 7885 7735 SL ABOVE 7995 SELL GUARGUM JAN BELOW 6440 TARGET 6390 6320 SL ABOVE 6500 BUY TURMERIC APRIL ABOVE 10080 TARGET 10124 10184 SL BELOW 10020 SELL CASTORSEED JAN BELOW 3740 TARGET 3715 3685 SL ABOVE 3765
  • 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.