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DAILYAGRI COMMODITY REPORT
31 December 2014
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Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
JAN 12245 12325 11922 12100 -1.55 6210
INTRADAY
LEVELS
SUPPORT SUPP.1
11906
SUPP. 2
11713
PIVOT
12116
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
12309
RES. 2
12519
CASTORSEED
JAN 5050 5070 4880 4880 -3.99 111360
INTRADAY
LEVELS
SUPPORT SUPP. 1
4817
SUPP. 2
4753
PIVOT
4943
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
5007
RES. 2
5133
TURMERIC
APR 8718 8884 8586 8602 -2.27 22725
INTRADAY
LEVELS
SUPPORT SUPP. 1
8499
SUPP. 2
8395
PIVOT
8691
Turmeric short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
8795
RES. 2
8987
GUARGUM
JAN 12830 12870 12520 12710 -1.78 9577
INTRADAY
LEVELS
SUPPORT SUPP. 1
12530
SUPP. 2
12350
PIVOT
12700
Guargum Short term
trend is up, Expecting
price may go up in
coming days.RESISTAN
CE
RES. 1
12880
RES. 2
13050
Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CHANA 20-01-2015 3720.00 120.00 3.33%
REFINED SOY OIL 20-01-2015 645.55 1.40 0.22%
GUR 20-01-2015 975.50 2.00 0.21%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CASTOR SEED NEW 20-01-2015 4880.00 -203.00 -3.99%
TURMERIC 20-04-2015 8602.00 -200.00 -2.27%
CORIANDER 20-01-2015 12100.00 -190.00 -1.55%
RAPESEED-MUSTARD SEED 20-01-2015 4294.00 -64.00 -1.47%
SOYABEAN 20-01-2015 3398.00 -40.00 -1.16%
BARLEY 20-01-2015 1608.00 -12.50 -0.77%
COTTON SEED OIL CAKE
AKOLA
20-01-2015 1452.00 -7.00 -0.48%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4880 5083 -3.99
CHANA 3720 3600 +3.33
CORIANDER 12100 12290 -1.55
GUARGUM 12710 12940 -1.78
JEERA 15640 15680 -0.26
MUSTARD SEED 4294 4358 -1.47
SOYABEAN 3398 3438 -1.16
TURMERIC 8602 8802 -2.27
Commodities In News
4
ECONOMIC NEWS
India Government is seeking views on a proposal to set up an
independent common clearing corporation for the national commodity
exchanges. It had appointed a working group to study the proposal and
the group submitted its report to the Finance Ministry.The Group is of
the considered opinion that an Independent Common Clearing
Corporation(CC) for the national commodity exchanges, will deliver
significant benefits of robust risk management standards, better
corporate governance, greater oversight, reduced transaction and
clearing costs and efficiency gains to the participants.The CC is a
critical market infrastructure institution and needs to be well
capitalized. The Group is of the view that it may have a minimum net
worth of INR 100 crores to begin with, which should be reassessed
after a period of one year, based on evaluations of the risk profile of
the CC.The clearing and settlement of trades within the CC should be
across commodity exchanges, for benefits of reduced collateral, cross
margining, multilateral netting etc to flow to the participants.
India is considering a 10% import tax on pulses.The tax hike on
overseas purchases is a bid to help the local farmers, The government
is also considering to withdraw a ban on exports of pulses and edible
oils, “We are the biggest importers of pulses and edible oils and we
will continue to import. Our farmers should have the option to export
if there is a market,”.Area coverage under Total Pulses as on
december 26, is at 124.16 lakh hectares while the last year’s sowing
area coverage was 134.72 lakh hectares. India also witnessed a lower
harvest (5.2 mt) in the kharif season.The production of pulses in India
has been following a downward trajectory over the years. From 11.8
million tonnes in 1970-71, it rose to 19.6 million tonnes in 2013-14, a
period over which production of rice nearly tripled and that of wheat
nearly quadrupled.The relatively lower production has reduced per
capita net availability to 42 grams a day in 2013, from 51 grams in
1971, forcing the country into increasing imports.
Fresh shorts were seen in castor seed futures as prices were trading at huge
premium over spot prices along with possibility of strong production in the
current year. The NCDEX February futures declined by more than 1 percent
today.The market sources mentioned that huge premium of over Rs 500 per
quintal in castor seed futures over spot prices have prompted heavy stockiest
selling in futures market. The spot prices are currently trading at Rs 4300 per
quinta at Disa mandi , while futures were trading at Rs 4800 per quintal in
yesterday's trading.The market sources suggested that the total castor seed
production in the current year is likely to increase by 10-12 percent due to
higher sowing acreage coupled with better crop conditions. This will
encourage stockiest selling at elevated levels. The official release of COIITS
also added that the total production of the castor seed is estimated at 11.30
lakh tonnes for 2014-15, up 10 thousand from the last projection on the back
of strong production in Gujarat and Rajasthan.
Jeera spot markets surged yet again amid good buying support amid
persistent worriesover the acreage. The commodity is quoting at Rs 15161, up
Rs 350 per quintal on the day.These are the highest levels in around 18
months for the commodity. The total dailyarrivals stand at 7000 bags,
considerably lower compared to peak season. Overseas demandremains
strong. Rajasthan crop is seen taking a hit to the tune of around 30% on
poorweather.
Weakness was seen in turmeric market due to sharp selling in Sangli mandi
as prices were declined by Rs 100 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.
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.
Stockists are currently active in the market.
5
Fundamental Watch : Castorseed
CASTOSEED ARRIVALSA AT KEY SPOT
MARKET
National & International Market Update
Castor cash market traded weak on Tuesday except Rajkot, Deesa and
Ahmadabad; due to weak demand for oil and other finished products. Some
demand for seed was seen in major bench mark markets for seed. Supply of
seed is notenough to cater local demands. Stockists are not releasing stock
despite arrivals from new crop are expected to increase from mid January.
Major portion of stock from old crop is in strong hand and they can pull
market up in future and cash market. Castor seed in Gujarat traded firm at
4550 per qtl. Castor meal quote bulk at kandla was registered unchanged at
Rs 8100 per tonne as compare to last week. As year has entered in last
phase, trading activities are expected to be lower than normal. Fresh
demand is expected from the second week of January.Commercial grade oil
price traded firm at 88000 per tonne, almost Rs 500 higher than previous
week. Fob quote for castor oil at Kandla was quoted at $1465 per tonne,
higher by $15 per tonne. Meal price unchanged at $135 per tonne during the
week under review. Castor meal quote bulk at kandla was registered at Rs
8100 per tonne, unchanged from last week. Area under castor seed was
recorded at 10.35 lakh ha. on 10th Oct ,2014 against 9.84 lakh ha covered
in last year.
Castor meal export has decreased considerably in the second week of
December and demand for meal is likely to decrease further as prices are
ruling higher. Only need based buying is on the card. Bulk buying is
expected in March –April, the peak arrival season and likely lower price.
Rotterdam quote to has decreased from$1753 to 41727 per tonne during last
one week. FOB quotes In Kandla has decreased considerably from $1470 to
$1450 per tonne in last two weeks and it is likely to rule in the range of
$1440 to $1445 in the remaining week of December.Demand from China,
EU, US and Japan is expected to remain weak till January. Total export of
oil this year may decrease to 4 lakh tonne from January to December)
Overall market sentiment remains steady to slightly firm in Dec.
CENTER 30-Dec-14 29-Dec-14 Change
SUMERPUR 240 460 -220
JODHPUR NA NA -
RAJKOT 330 370 -40
GONDAL 213 267 -54
PATAN 3806 5390 -1584
DEESA 809 827 -18
MEHSANA 240 400 -160
Technical Outlook
6
SELL DHANIYA JAN BELOW 12050 TGTS 12020,11970 SL 12100 BUY GUARGUM JAN ABOVE 12830 TGTS 12880,12980 SL 12740
SELL CASTORSEED JAN BELOW 4870 TGTS 4840,4790 SL 4920 SELL TMC APR BELOW 8570 TGTS 8520,8420 SL 8660
Disclaimer
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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.
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Epic research daily agri report 31 dec 2014

  • 1. DAILYAGRI COMMODITY REPORT 31 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 12245 12325 11922 12100 -1.55 6210 INTRADAY LEVELS SUPPORT SUPP.1 11906 SUPP. 2 11713 PIVOT 12116 Dhaniya short term trend is down, further more downside is expected in comimg days. RESISTAN CE RES. 1 12309 RES. 2 12519 CASTORSEED JAN 5050 5070 4880 4880 -3.99 111360 INTRADAY LEVELS SUPPORT SUPP. 1 4817 SUPP. 2 4753 PIVOT 4943 Castorseed short term trend is down, Prices expected to go down in coming days.RESISTAN CE RES. 1 5007 RES. 2 5133 TURMERIC APR 8718 8884 8586 8602 -2.27 22725 INTRADAY LEVELS SUPPORT SUPP. 1 8499 SUPP. 2 8395 PIVOT 8691 Turmeric short term trend is down and may continue in coming days.RESISTAN CE RES. 1 8795 RES. 2 8987 GUARGUM JAN 12830 12870 12520 12710 -1.78 9577 INTRADAY LEVELS SUPPORT SUPP. 1 12530 SUPP. 2 12350 PIVOT 12700 Guargum Short term trend is up, Expecting price may go up in coming days.RESISTAN CE RES. 1 12880 RES. 2 13050
  • 3. Most Active Contract 3 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CHANA 20-01-2015 3720.00 120.00 3.33% REFINED SOY OIL 20-01-2015 645.55 1.40 0.22% GUR 20-01-2015 975.50 2.00 0.21% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CASTOR SEED NEW 20-01-2015 4880.00 -203.00 -3.99% TURMERIC 20-04-2015 8602.00 -200.00 -2.27% CORIANDER 20-01-2015 12100.00 -190.00 -1.55% RAPESEED-MUSTARD SEED 20-01-2015 4294.00 -64.00 -1.47% SOYABEAN 20-01-2015 3398.00 -40.00 -1.16% BARLEY 20-01-2015 1608.00 -12.50 -0.77% COTTON SEED OIL CAKE AKOLA 20-01-2015 1452.00 -7.00 -0.48% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 4880 5083 -3.99 CHANA 3720 3600 +3.33 CORIANDER 12100 12290 -1.55 GUARGUM 12710 12940 -1.78 JEERA 15640 15680 -0.26 MUSTARD SEED 4294 4358 -1.47 SOYABEAN 3398 3438 -1.16 TURMERIC 8602 8802 -2.27
  • 4. Commodities In News 4 ECONOMIC NEWS India Government is seeking views on a proposal to set up an independent common clearing corporation for the national commodity exchanges. It had appointed a working group to study the proposal and the group submitted its report to the Finance Ministry.The Group is of the considered opinion that an Independent Common Clearing Corporation(CC) for the national commodity exchanges, will deliver significant benefits of robust risk management standards, better corporate governance, greater oversight, reduced transaction and clearing costs and efficiency gains to the participants.The CC is a critical market infrastructure institution and needs to be well capitalized. The Group is of the view that it may have a minimum net worth of INR 100 crores to begin with, which should be reassessed after a period of one year, based on evaluations of the risk profile of the CC.The clearing and settlement of trades within the CC should be across commodity exchanges, for benefits of reduced collateral, cross margining, multilateral netting etc to flow to the participants. India is considering a 10% import tax on pulses.The tax hike on overseas purchases is a bid to help the local farmers, The government is also considering to withdraw a ban on exports of pulses and edible oils, “We are the biggest importers of pulses and edible oils and we will continue to import. Our farmers should have the option to export if there is a market,”.Area coverage under Total Pulses as on december 26, is at 124.16 lakh hectares while the last year’s sowing area coverage was 134.72 lakh hectares. India also witnessed a lower harvest (5.2 mt) in the kharif season.The production of pulses in India has been following a downward trajectory over the years. From 11.8 million tonnes in 1970-71, it rose to 19.6 million tonnes in 2013-14, a period over which production of rice nearly tripled and that of wheat nearly quadrupled.The relatively lower production has reduced per capita net availability to 42 grams a day in 2013, from 51 grams in 1971, forcing the country into increasing imports. Fresh shorts were seen in castor seed futures as prices were trading at huge premium over spot prices along with possibility of strong production in the current year. The NCDEX February futures declined by more than 1 percent today.The market sources mentioned that huge premium of over Rs 500 per quintal in castor seed futures over spot prices have prompted heavy stockiest selling in futures market. The spot prices are currently trading at Rs 4300 per quinta at Disa mandi , while futures were trading at Rs 4800 per quintal in yesterday's trading.The market sources suggested that the total castor seed production in the current year is likely to increase by 10-12 percent due to higher sowing acreage coupled with better crop conditions. This will encourage stockiest selling at elevated levels. The official release of COIITS also added that the total production of the castor seed is estimated at 11.30 lakh tonnes for 2014-15, up 10 thousand from the last projection on the back of strong production in Gujarat and Rajasthan. Jeera spot markets surged yet again amid good buying support amid persistent worriesover the acreage. The commodity is quoting at Rs 15161, up Rs 350 per quintal on the day.These are the highest levels in around 18 months for the commodity. The total dailyarrivals stand at 7000 bags, considerably lower compared to peak season. Overseas demandremains strong. Rajasthan crop is seen taking a hit to the tune of around 30% on poorweather. Weakness was seen in turmeric market due to sharp selling in Sangli mandi as prices were declined by Rs 100 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. 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. Stockists are currently active in the market.
  • 5. 5 Fundamental Watch : Castorseed CASTOSEED ARRIVALSA AT KEY SPOT MARKET National & International Market Update Castor cash market traded weak on Tuesday except Rajkot, Deesa and Ahmadabad; due to weak demand for oil and other finished products. Some demand for seed was seen in major bench mark markets for seed. Supply of seed is notenough to cater local demands. Stockists are not releasing stock despite arrivals from new crop are expected to increase from mid January. Major portion of stock from old crop is in strong hand and they can pull market up in future and cash market. Castor seed in Gujarat traded firm at 4550 per qtl. Castor meal quote bulk at kandla was registered unchanged at Rs 8100 per tonne as compare to last week. As year has entered in last phase, trading activities are expected to be lower than normal. Fresh demand is expected from the second week of January.Commercial grade oil price traded firm at 88000 per tonne, almost Rs 500 higher than previous week. Fob quote for castor oil at Kandla was quoted at $1465 per tonne, higher by $15 per tonne. Meal price unchanged at $135 per tonne during the week under review. Castor meal quote bulk at kandla was registered at Rs 8100 per tonne, unchanged from last week. Area under castor seed was recorded at 10.35 lakh ha. on 10th Oct ,2014 against 9.84 lakh ha covered in last year. Castor meal export has decreased considerably in the second week of December and demand for meal is likely to decrease further as prices are ruling higher. Only need based buying is on the card. Bulk buying is expected in March –April, the peak arrival season and likely lower price. Rotterdam quote to has decreased from$1753 to 41727 per tonne during last one week. FOB quotes In Kandla has decreased considerably from $1470 to $1450 per tonne in last two weeks and it is likely to rule in the range of $1440 to $1445 in the remaining week of December.Demand from China, EU, US and Japan is expected to remain weak till January. Total export of oil this year may decrease to 4 lakh tonne from January to December) Overall market sentiment remains steady to slightly firm in Dec. CENTER 30-Dec-14 29-Dec-14 Change SUMERPUR 240 460 -220 JODHPUR NA NA - RAJKOT 330 370 -40 GONDAL 213 267 -54 PATAN 3806 5390 -1584 DEESA 809 827 -18 MEHSANA 240 400 -160
  • 6. Technical Outlook 6 SELL DHANIYA JAN BELOW 12050 TGTS 12020,11970 SL 12100 BUY GUARGUM JAN ABOVE 12830 TGTS 12880,12980 SL 12740 SELL CASTORSEED JAN BELOW 4870 TGTS 4840,4790 SL 4920 SELL TMC APR BELOW 8570 TGTS 8520,8420 SL 8660
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