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DAILY AGRI COMMODITY REPORT
30 Mar 2015
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Info@epicresearch.co
1
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Hotline: +91 731 664 2300
Alternate: +91 731 664 2320
Or give us a missed call at
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Our Presence
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Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
APR 8224 8800 8224 8679 +4.29% 40300
INTRADAY
LEVELS
SUPPORT SUPP.1
8335
SUPP. 2
7992
PIVOT
8568
Dhaniya short term
trend is bullish, further
more upside is expected
in coming days.RESISTAN
CE
RES. 1
8911
RES. 2
9144
CASTORSEED
APR. 3665 3691 3641 3683 -0.30% 28720
INTRADAY
LEVELS
SUPPORT SUPP. 1
3652
SUPP. 2
3622
PIVOT
3672
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
3702
RES. 2
3722
TURMERIC
APR 7552 7830 7530 7558 -0.13% 16865
INTRADAY
LEVELS
SUPPORT SUPP. 1
7449
SUPP. 2
73395
PIVOT
7639
Turmeric short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
7749
RES. 2
7939
GUARGUM
APR. 8470 8500 8350 8420 -1.17% 3906
INTRADAY
LEVELS
SUPPORT SUPP. 1
8437
SUPP. 2
8273
PIVOT
8423
Guargum Short term
trend is down,
Expecting price may go
down in coming days.RESISTAN
CE
RES. 1
8497
RES. 2
8573
Most Active Contract
3
NCDEX INDICESTOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
BARLEY 20-04-2015 1112.00 -18.00 -1.59%
JEERA 20-04-2015 14430.00 -175.00 -1.20%
TURMERIC 20-04-2015 7534.00 -54.00 -0.71%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-04-2015 8616.00 294.00 +3.53%
COTTON SEED OIL CAKE
AKOLA
20-04-2015 1663.00 25.00 +1.53%
CHANA 20-04-2015 3618.00 8.00 +0.22%
CASTOR SEED NEW 20-04-2015 3677.00 7.00 +0.19%
REFINED SOY OIL 20-04-2015 586.50 0.20 +0.03%
SOYABEAN 20-04-2015 3378.00 1.00 +0.03%
Index Value Pre. Close % Change
CASTORSEED 3683 3672 +0.30%
CHANA 3614 3611 +0.08%
CORIANDER 8679 8322 +4.29%
GUAR SEED 10
MT
3744 3768 -0.64%
JEERA 14435 14600 -1.13%
MUSTARD SEED 3370 3382 -0.35%
SOYABEAN 3382 3375 +0.21%
TURMERIC 7558 7568 -0.13%
Commodities In News
4
 Castor seed futures traded marginally down on NCDEX due to lack
of enquiries from the export market. Further, lower demand and
higher arrivals in the spot market too put pressure on castor seed
prices. The contract for April delivery was trading at Rs 3662.00,
down by 0.22% or Rs 8.00 from its previous closing of Rs 3670.00.
The open interest of the contract stood at 149570 lots.
 Guar gum prices strengthened by Rs 120 to Rs 10,600 per quintal
in futures trading today on fresh buying at spot markets.
Besides, increased demand due to fall in supply of guarseeds from
growing regions led to rise in guar gum prices.
Barley futures are likely to remain supportive in the near term due
to limited stocks in local mandies coupled with strong demand of
coarse cereals in both domestic and international market. The
NCDEX futures to test 1145-1147 levels in the near term. Traders
stated that stocks of the barley are still reported at lower side. As
per market sources, the total carryover stocks of the barley are
currently reported at 1.50 lakh tonnes against 3.50 lakh tonnes of
the last year. Moreover, heavy rainfall in major barley producing
areas will also delays the new crop in the current season.
 Chana edged up by 0.19 per cent to Rs 3,618 per quintal in futures
trade today as speculators created fresh positions on improved
demand in the spot market. At the National Commodity and
Derivatives Exchange (NCDEX), chana for delivery in April moved up
by Rs 7, or 0.19 per cent, to Rs 3,618 per quintal with an open
interest of 1,36,550 lots.
ECONOMIC NEWS
 Union agriculture minister Shri Radha Mohan Singh along with
minister of state visited areas of Maharashtra, Uttar Pradesh and
Rajasthan which have been affected by untimely rains. They assure
a farming community that the government stands with them in this
hour of crisis. They further assured the farmers that the central
government is committed to provide irrigation water to every farmer
and every field. Agriculture ministry has also contributed all the
state governments to release appropriate relief compensation from
their state disaster response fund (SDRF) without any delay.
 Agriculture credit is not reaching small farm holders in India,
resulting in high level of indebtedness, Assocham said today. The
industry body, in its latest study, has also pitched for consolidation
of tiny farm lands for cooperative or corporate farming. The sister
state Telangana is also in much similar condition, it said, adding that
institutional credit is largely confined to cultivators with
landholdings above one hectare .
 Rain between end-February and mid-March damaged crops
standing on more than 10.67 million hectares (mHa), the agriculture
ministry said. The maximum damage was reported in Rajasthan
followed by Uttar Pradesh and Haryana. Preliminary reports said
wheat grown on 16.2 mHa sustained the maximum damage,
followed by mustard on 1.77 mHa and pulses on 1.13 mHa.
 India may be able to export basmati rice to China from this year,
with rice-shelling and exporting units registered with the National
Plant Protection Organisation (NPPO) being declared infestation
free.
5
Fundamental Watch :Castorseed
CASTORSEED ARRIVALS AT KEY SPOT
MARKET
National Market Update
 Castor seed cash market continued to reel under pressure despite
reports of higher export demand. Sluggish trading activities continued at
the fag end of FY ending. Fresh trading activities are expected from the
second week of April. Overall sentiments in the market remain bearish.
Half of the major markets remained closed. Besides, stockists too would
try to drag market down as much as possible to buy at lower level. Market
participants should start buying around Rs3300/3400 for stock purpose.
Gains in market are expected in the second half of the year. Market expert
says that China has covered 85 percent of its annual need(1.8 lakh
tonne),EU and US too have covered 80 percent of their need so far.EU and
US annual need is expected to be 1.20 and 0.60 lakh tonne respectivey.
Demand from other countries is likely to improve in the month of April as
buyers are waiting for higher arrivals. Heavy burden of carryout is said to
be exhausted by 40 percent till now and pipe line is almost vaccant.So any
major dip from current level is unlikely. Demand from oil from national
and international market has improved and it may support market even at
peak arrival month (April).So the best time for seed buying is expected to
be April.
International Market Report
 Major international buyers are out of the market and they may enter into
the market by mid-April,bythen market is expected to get stabilized. Not
much trading activities is expected in global market this week too and major
buyers would remain busy with March closing. Fresh trading activities are
expected by the second week of April. Continuous banking holidays too
would keep trading activities at negligible level. The weak economic
scenario in China and Europe has reflected in castor oil export volume in
2014. China imported 24 percent lower oil in 2014 in comparison to
2013.However, good news is that improvement by 15 percent is expected
now. 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 27-Mar-15 26-Mar-15 Change
SUMERPUR 1200 960 +240
JODHPUR 80 80 -
RAJKOT CLOSED CLOSED -
GONDAL CLOSED CLOSED -
PATAN CLOSED 6000 -
DEESA 1975 731 +1244
MAHESANA 560 1200 -640
Technical Outlook
6
BUY CORIANDER APRIL ABOVE 8700 TARGET 8725 8765 SL
BELOW 8675
SELL GUARGUM APRIL BELOW 8420 TARGET 8370 8310 SL
ABOVE 8480
SELL TURMERIC APRIL BELOW 7500 TARGET 7460 7400 SL
ABOVE 7560
BUY CASTORSEED APRIL ABOVE 3690 TARGET 3715 3745 SL
BELOW 3665
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 march 2015

  • 1. DAILY AGRI COMMODITY REPORT 30 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 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 DHANIYA APR 8224 8800 8224 8679 +4.29% 40300 INTRADAY LEVELS SUPPORT SUPP.1 8335 SUPP. 2 7992 PIVOT 8568 Dhaniya short term trend is bullish, further more upside is expected in coming days.RESISTAN CE RES. 1 8911 RES. 2 9144 CASTORSEED APR. 3665 3691 3641 3683 -0.30% 28720 INTRADAY LEVELS SUPPORT SUPP. 1 3652 SUPP. 2 3622 PIVOT 3672 Castorseed short term trend is down, Prices expected to go down in coming days.RESISTAN CE RES. 1 3702 RES. 2 3722 TURMERIC APR 7552 7830 7530 7558 -0.13% 16865 INTRADAY LEVELS SUPPORT SUPP. 1 7449 SUPP. 2 73395 PIVOT 7639 Turmeric short term trend is down and may continue in coming days.RESISTAN CE RES. 1 7749 RES. 2 7939 GUARGUM APR. 8470 8500 8350 8420 -1.17% 3906 INTRADAY LEVELS SUPPORT SUPP. 1 8437 SUPP. 2 8273 PIVOT 8423 Guargum Short term trend is down, Expecting price may go down in coming days.RESISTAN CE RES. 1 8497 RES. 2 8573
  • 3. Most Active Contract 3 NCDEX INDICESTOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % BARLEY 20-04-2015 1112.00 -18.00 -1.59% JEERA 20-04-2015 14430.00 -175.00 -1.20% TURMERIC 20-04-2015 7534.00 -54.00 -0.71% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CORIANDER 20-04-2015 8616.00 294.00 +3.53% COTTON SEED OIL CAKE AKOLA 20-04-2015 1663.00 25.00 +1.53% CHANA 20-04-2015 3618.00 8.00 +0.22% CASTOR SEED NEW 20-04-2015 3677.00 7.00 +0.19% REFINED SOY OIL 20-04-2015 586.50 0.20 +0.03% SOYABEAN 20-04-2015 3378.00 1.00 +0.03% Index Value Pre. Close % Change CASTORSEED 3683 3672 +0.30% CHANA 3614 3611 +0.08% CORIANDER 8679 8322 +4.29% GUAR SEED 10 MT 3744 3768 -0.64% JEERA 14435 14600 -1.13% MUSTARD SEED 3370 3382 -0.35% SOYABEAN 3382 3375 +0.21% TURMERIC 7558 7568 -0.13%
  • 4. Commodities In News 4  Castor seed futures traded marginally down on NCDEX due to lack of enquiries from the export market. Further, lower demand and higher arrivals in the spot market too put pressure on castor seed prices. The contract for April delivery was trading at Rs 3662.00, down by 0.22% or Rs 8.00 from its previous closing of Rs 3670.00. The open interest of the contract stood at 149570 lots.  Guar gum prices strengthened by Rs 120 to Rs 10,600 per quintal in futures trading today on fresh buying at spot markets. Besides, increased demand due to fall in supply of guarseeds from growing regions led to rise in guar gum prices. Barley futures are likely to remain supportive in the near term due to limited stocks in local mandies coupled with strong demand of coarse cereals in both domestic and international market. The NCDEX futures to test 1145-1147 levels in the near term. Traders stated that stocks of the barley are still reported at lower side. As per market sources, the total carryover stocks of the barley are currently reported at 1.50 lakh tonnes against 3.50 lakh tonnes of the last year. Moreover, heavy rainfall in major barley producing areas will also delays the new crop in the current season.  Chana edged up by 0.19 per cent to Rs 3,618 per quintal in futures trade today as speculators created fresh positions on improved demand in the spot market. At the National Commodity and Derivatives Exchange (NCDEX), chana for delivery in April moved up by Rs 7, or 0.19 per cent, to Rs 3,618 per quintal with an open interest of 1,36,550 lots. ECONOMIC NEWS  Union agriculture minister Shri Radha Mohan Singh along with minister of state visited areas of Maharashtra, Uttar Pradesh and Rajasthan which have been affected by untimely rains. They assure a farming community that the government stands with them in this hour of crisis. They further assured the farmers that the central government is committed to provide irrigation water to every farmer and every field. Agriculture ministry has also contributed all the state governments to release appropriate relief compensation from their state disaster response fund (SDRF) without any delay.  Agriculture credit is not reaching small farm holders in India, resulting in high level of indebtedness, Assocham said today. The industry body, in its latest study, has also pitched for consolidation of tiny farm lands for cooperative or corporate farming. The sister state Telangana is also in much similar condition, it said, adding that institutional credit is largely confined to cultivators with landholdings above one hectare .  Rain between end-February and mid-March damaged crops standing on more than 10.67 million hectares (mHa), the agriculture ministry said. The maximum damage was reported in Rajasthan followed by Uttar Pradesh and Haryana. Preliminary reports said wheat grown on 16.2 mHa sustained the maximum damage, followed by mustard on 1.77 mHa and pulses on 1.13 mHa.  India may be able to export basmati rice to China from this year, with rice-shelling and exporting units registered with the National Plant Protection Organisation (NPPO) being declared infestation free.
  • 5. 5 Fundamental Watch :Castorseed CASTORSEED ARRIVALS AT KEY SPOT MARKET National Market Update  Castor seed cash market continued to reel under pressure despite reports of higher export demand. Sluggish trading activities continued at the fag end of FY ending. Fresh trading activities are expected from the second week of April. Overall sentiments in the market remain bearish. Half of the major markets remained closed. Besides, stockists too would try to drag market down as much as possible to buy at lower level. Market participants should start buying around Rs3300/3400 for stock purpose. Gains in market are expected in the second half of the year. Market expert says that China has covered 85 percent of its annual need(1.8 lakh tonne),EU and US too have covered 80 percent of their need so far.EU and US annual need is expected to be 1.20 and 0.60 lakh tonne respectivey. Demand from other countries is likely to improve in the month of April as buyers are waiting for higher arrivals. Heavy burden of carryout is said to be exhausted by 40 percent till now and pipe line is almost vaccant.So any major dip from current level is unlikely. Demand from oil from national and international market has improved and it may support market even at peak arrival month (April).So the best time for seed buying is expected to be April. International Market Report  Major international buyers are out of the market and they may enter into the market by mid-April,bythen market is expected to get stabilized. Not much trading activities is expected in global market this week too and major buyers would remain busy with March closing. Fresh trading activities are expected by the second week of April. Continuous banking holidays too would keep trading activities at negligible level. The weak economic scenario in China and Europe has reflected in castor oil export volume in 2014. China imported 24 percent lower oil in 2014 in comparison to 2013.However, good news is that improvement by 15 percent is expected now. 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 27-Mar-15 26-Mar-15 Change SUMERPUR 1200 960 +240 JODHPUR 80 80 - RAJKOT CLOSED CLOSED - GONDAL CLOSED CLOSED - PATAN CLOSED 6000 - DEESA 1975 731 +1244 MAHESANA 560 1200 -640
  • 6. Technical Outlook 6 BUY CORIANDER APRIL ABOVE 8700 TARGET 8725 8765 SL BELOW 8675 SELL GUARGUM APRIL BELOW 8420 TARGET 8370 8310 SL ABOVE 8480 SELL TURMERIC APRIL BELOW 7500 TARGET 7460 7400 SL ABOVE 7560 BUY CASTORSEED APRIL ABOVE 3690 TARGET 3715 3745 SL BELOW 3665
  • 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.