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DAILY AGRI COMMODITY REPORT
08 April 2016
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1
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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
TURMERIC
MAY 8436 8450 8260 8360 -0.24 8610
INTRADAY
LEVELS
SUPPORT SUPP. 1
8263
SUPP. 2
8167
PIVOT
8357
Turmeric short term
trend is bearish and
May continue in
coming days.RESISTAN
CE
RES. 1
8453
RES. 2
8547
CORIANDER
MAY 7180 7198 6943 7000 -2.02 7900
INTRADAY
LEVELS
SUPPORT SUPP.1
6896
SUPP. 2
6792
PIVOT
7047
Coriander short term
trend is bearish and May
continue in coming
days.RESISTAN
CE
RES. 1
7151
RES. 2
7302
GUARGUM
MAY 5650 5820 5570 5820 +3.93 22026
INTRADAY
LEVELS
SUPPORT SUPP. 1
5653
SUPP. 2
5487
PIVOT
5737
Guargum short term
trend is bullish and
May continue in
coming days.RESISTAN
CE
RES. 1
5903
RES. 2
5987
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTAN
CE
RES. 1
-
RES. 2
-
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED - - -
CHANA 5100 4930 +3.45
CORIANDER 7200 7351 -2.05
GUARGUM 5740 5520 +3.99
JEERA 16400 15940 +2.89
MUSTARD
SEED
4459 4380 +1.80
SOYABEAN 4095 4100 -0.12
TURMERIC 8384 8382 +0.02
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-04-2016 7200.00 -105.00 -1.44%
TURMERIC 20-04-2016 8384.00 -36.00 -0.43%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
GUAR GUM 20-04-2016 5740.00 220.00 3.99%
CHANA 20-04-2016 5100.00 168.00 3.41%
JEERA 20-04-2016 16400.00 445.00 2.79%
WHEAT 20-04-2016 1585.00 5.00 0.32%
SOY BEAN 20-04-2016 4095.00 2.00 0.05%
Commodities In News
4
ECONOMIC NEWS
๏ƒ˜Agriculture minister Radha Mohan Singh has called on SAARC nations
to work together for the betterment of agriculture and farmers.Addressing
the third meeting of SAARC agriculture ministers in Bangladesh capital
Dhaka on Thursday, Singh said the governments of SAARC countries are
keen on improving the economic and social statures of their agricultural
sectors."In this region, the farmers are fighting against economic disparity
and instability," he said, adding that countries can help each other to
strengthen farmers, their livelihood and environmental balance.He said for
this, it will be appropriate to initiate stable research and development work
in the agricultural sector through mutual cooperation.Singh said agriculture
in India is facing innumerable challenges since the Green Revolution of
1960s that led to an increase in productivity."These challenges are the loss
of bio elements in soil, deficiency of nutrients in soil, weeds, enhancement
of diseases and pests, soil absorbed with sodium, degradation of
groundwater level etc," he said.The minister said these not only affect
agricultural productivity but also have an adverse impact on climate.
"Climate change is a real episode and most likely it can inflict tremendous
losses in a number of cases. South Asia is one of the most sensitive regions
in the world regarding natural calamities in the perspective of climate
change," he said.Singh said a better communication network must be
formulated to provide information to farmers on sophisticated agricultural
techniques, products, methods and related services. "It is must to invest in
agricultural research for security of foodgrains in future," he added.The
Central Information Commission has directed the environment ministry to
share a copy of the bio-safety document related to genetically-modified
mustard and the raw data of studies with the caveat that provisions of the
Cartagena Protocol on Biosafety as well as confidentiality should be kept
in mind.The transparency panel also directed that the entire bio- safety data
pertaining to all other genetically modified crops in the pipeline be put in
the public domain as that is part of voluntary disclosures under Section IV
of the RTI Act.
๏ƒ˜Soyabean on NCDEX settled up due to lower supplies and good
crushing demand in the spot market. Besides, improved global edible
oil and meal prices too supported soybean pricesโ€™ uptrend.
Furthermore, hopes for a pickup in demand for the US crop and
weather concerns for new season sowing, led to increase in soyabean
prices.The United States Department of Agriculture (USDA) said US
soybean export inspections last week totalled 204,974 tons, below the
range of trade forecasts of 300,000 to 500,000 tons. USDA said in its
weekly export sales report that for the week ending March 24, the US
witnessed exports of soybean down by 18% from the previous week
and down 49% from the prior four-week average. India's soybean
oilmeal exports plunged 98.25% to 1,127 tons in February compared to
64,514 tons for the corresponding period a year earlier on higher prices
of the bean in export market, data from SEA of India showed. Last
week, the US Department of Agriculture estimated that farmers in the
country planned to seed 82.23 million acres of soybeans this year, the
third-highest ever but below 82.65 million a year ago and an average
trade estimate of 83.057 million.
๏ƒ˜Jeera on NCDEX settled down by on account of higher supply from
the producing regions. Further, decline in the export demand too
fuelled the downtrend. Though, some losses were capped due to good
demand for new season crop at the spot market. Market players are still
expecting some more export enquiries on reports of good quality jeera
production this year but the demand is still lower.As per the final rabi
sowing report, Gujarat has planted more cumin compared to last year
sowing progress. Jeera is planted in about 10.8% more area at 2,95,400
hectares compared to 2,66,700 hectares last year same time. India's
2014-15 jeera output was lower due to adverse weather at the time of
harvesting in Gujarat and Rajasthan. In Unjha, a key spot market in
Gujarat, jeera edged down by -77.1 rupees to end at 16081.25 rupee per
100 kg.
5
Fundamental Watch : Sugar
SUGAR PRICES AT KEY SPOT MARKETNational Market Update
๏ƒ˜India has exported 82.3 thousand tons of sugar this week (ending on 03rd
Apr, 2016) which is 4% lower than the sugar exported last week.
๏ƒ˜India exported 3.59 lakh tons of sugar in March, 2016 compared to 3.18 lakh
tons of imports made during the same period.
๏ƒ˜India has exported 82.3 thousand tons of sugar this week (ending on 03rd
Apr, 2016) which is 4% lower than the sugar exported last week.
๏ƒ˜The Indian govt. had revised the countryโ€™s sugar production forecast from 26
MT to 25.64 MT for 2015 - 16 (01st Oct, 2015 โ€“ 30th Sep, 2016).
๏ƒ˜With an early commencement of crushing operation for 2016-17 (01st Apr,
2016 โ€“ 31st Mar, 2017); Brazilโ€™s main centre south region had crushed 1.39
lakh tons of sugar in the first half of March, 2016.
๏ƒ˜F.O Licht reduced its global sugar supply forecast to 171.1 MT in 2015-16
amidst lower sugar production estimate in top producing Asian countries
(India & Thailand).
๏ƒ˜Platts Kingsman raised its global sugar supply deficit to 7.62 MT in 2015-16
amidst lower production figure received from India, Thailand and Northeast
Brazil.
CENTER 06-Apr-15 05-Apr-15 Change
DELHI 3625 3630 -5
MUMBAI 3750 3750 UNCH
VIJAYWADA 4000 4000 UNCH
NAGPUR NR NR -
CHENNAI 3650 3650 UNCH
AMBIKAPUR 3050 3050 UNCH
DHAMPUR NA NA -
Technical Outlook
6
SELL CORIANDER MAY BELOW 6940 TARGET 6895 6745 SL
ABOVE 7005
BUY GUARGUM MAY ABOVE 5820 TARGET 5870 5940 SL
BELOW 5760
SELL TURMERIC MAY BELOW 8260 TARGET 8216 8156 SL
ABOVE 8320
Disclaimer
๏ƒ˜ 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.
๏ƒ˜ 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.
๏ƒ˜ 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.
๏ƒ˜ 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
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Epic research daily agri report 8th april 2016

  • 1. DAILY AGRI COMMODITY REPORT 08 April 2016 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 MAY 8436 8450 8260 8360 -0.24 8610 INTRADAY LEVELS SUPPORT SUPP. 1 8263 SUPP. 2 8167 PIVOT 8357 Turmeric short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 8453 RES. 2 8547 CORIANDER MAY 7180 7198 6943 7000 -2.02 7900 INTRADAY LEVELS SUPPORT SUPP.1 6896 SUPP. 2 6792 PIVOT 7047 Coriander short term trend is bearish and May continue in coming days.RESISTAN CE RES. 1 7151 RES. 2 7302 GUARGUM MAY 5650 5820 5570 5820 +3.93 22026 INTRADAY LEVELS SUPPORT SUPP. 1 5653 SUPP. 2 5487 PIVOT 5737 Guargum short term trend is bullish and May continue in coming days.RESISTAN CE RES. 1 5903 RES. 2 5987 CASTORSEED - - - - - - - INTRADAY LEVELS SUPPORT SUPP. 1 - SUPP. 2 - PIVOT - - RESISTAN CE RES. 1 - RES. 2 -
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change CASTORSEED - - - CHANA 5100 4930 +3.45 CORIANDER 7200 7351 -2.05 GUARGUM 5740 5520 +3.99 JEERA 16400 15940 +2.89 MUSTARD SEED 4459 4380 +1.80 SOYABEAN 4095 4100 -0.12 TURMERIC 8384 8382 +0.02 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CORIANDER 20-04-2016 7200.00 -105.00 -1.44% TURMERIC 20-04-2016 8384.00 -36.00 -0.43% TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % GUAR GUM 20-04-2016 5740.00 220.00 3.99% CHANA 20-04-2016 5100.00 168.00 3.41% JEERA 20-04-2016 16400.00 445.00 2.79% WHEAT 20-04-2016 1585.00 5.00 0.32% SOY BEAN 20-04-2016 4095.00 2.00 0.05%
  • 4. Commodities In News 4 ECONOMIC NEWS ๏ƒ˜Agriculture minister Radha Mohan Singh has called on SAARC nations to work together for the betterment of agriculture and farmers.Addressing the third meeting of SAARC agriculture ministers in Bangladesh capital Dhaka on Thursday, Singh said the governments of SAARC countries are keen on improving the economic and social statures of their agricultural sectors."In this region, the farmers are fighting against economic disparity and instability," he said, adding that countries can help each other to strengthen farmers, their livelihood and environmental balance.He said for this, it will be appropriate to initiate stable research and development work in the agricultural sector through mutual cooperation.Singh said agriculture in India is facing innumerable challenges since the Green Revolution of 1960s that led to an increase in productivity."These challenges are the loss of bio elements in soil, deficiency of nutrients in soil, weeds, enhancement of diseases and pests, soil absorbed with sodium, degradation of groundwater level etc," he said.The minister said these not only affect agricultural productivity but also have an adverse impact on climate. "Climate change is a real episode and most likely it can inflict tremendous losses in a number of cases. South Asia is one of the most sensitive regions in the world regarding natural calamities in the perspective of climate change," he said.Singh said a better communication network must be formulated to provide information to farmers on sophisticated agricultural techniques, products, methods and related services. "It is must to invest in agricultural research for security of foodgrains in future," he added.The Central Information Commission has directed the environment ministry to share a copy of the bio-safety document related to genetically-modified mustard and the raw data of studies with the caveat that provisions of the Cartagena Protocol on Biosafety as well as confidentiality should be kept in mind.The transparency panel also directed that the entire bio- safety data pertaining to all other genetically modified crops in the pipeline be put in the public domain as that is part of voluntary disclosures under Section IV of the RTI Act. ๏ƒ˜Soyabean on NCDEX settled up due to lower supplies and good crushing demand in the spot market. Besides, improved global edible oil and meal prices too supported soybean pricesโ€™ uptrend. Furthermore, hopes for a pickup in demand for the US crop and weather concerns for new season sowing, led to increase in soyabean prices.The United States Department of Agriculture (USDA) said US soybean export inspections last week totalled 204,974 tons, below the range of trade forecasts of 300,000 to 500,000 tons. USDA said in its weekly export sales report that for the week ending March 24, the US witnessed exports of soybean down by 18% from the previous week and down 49% from the prior four-week average. India's soybean oilmeal exports plunged 98.25% to 1,127 tons in February compared to 64,514 tons for the corresponding period a year earlier on higher prices of the bean in export market, data from SEA of India showed. Last week, the US Department of Agriculture estimated that farmers in the country planned to seed 82.23 million acres of soybeans this year, the third-highest ever but below 82.65 million a year ago and an average trade estimate of 83.057 million. ๏ƒ˜Jeera on NCDEX settled down by on account of higher supply from the producing regions. Further, decline in the export demand too fuelled the downtrend. Though, some losses were capped due to good demand for new season crop at the spot market. Market players are still expecting some more export enquiries on reports of good quality jeera production this year but the demand is still lower.As per the final rabi sowing report, Gujarat has planted more cumin compared to last year sowing progress. Jeera is planted in about 10.8% more area at 2,95,400 hectares compared to 2,66,700 hectares last year same time. India's 2014-15 jeera output was lower due to adverse weather at the time of harvesting in Gujarat and Rajasthan. In Unjha, a key spot market in Gujarat, jeera edged down by -77.1 rupees to end at 16081.25 rupee per 100 kg.
  • 5. 5 Fundamental Watch : Sugar SUGAR PRICES AT KEY SPOT MARKETNational Market Update ๏ƒ˜India has exported 82.3 thousand tons of sugar this week (ending on 03rd Apr, 2016) which is 4% lower than the sugar exported last week. ๏ƒ˜India exported 3.59 lakh tons of sugar in March, 2016 compared to 3.18 lakh tons of imports made during the same period. ๏ƒ˜India has exported 82.3 thousand tons of sugar this week (ending on 03rd Apr, 2016) which is 4% lower than the sugar exported last week. ๏ƒ˜The Indian govt. had revised the countryโ€™s sugar production forecast from 26 MT to 25.64 MT for 2015 - 16 (01st Oct, 2015 โ€“ 30th Sep, 2016). ๏ƒ˜With an early commencement of crushing operation for 2016-17 (01st Apr, 2016 โ€“ 31st Mar, 2017); Brazilโ€™s main centre south region had crushed 1.39 lakh tons of sugar in the first half of March, 2016. ๏ƒ˜F.O Licht reduced its global sugar supply forecast to 171.1 MT in 2015-16 amidst lower sugar production estimate in top producing Asian countries (India & Thailand). ๏ƒ˜Platts Kingsman raised its global sugar supply deficit to 7.62 MT in 2015-16 amidst lower production figure received from India, Thailand and Northeast Brazil. CENTER 06-Apr-15 05-Apr-15 Change DELHI 3625 3630 -5 MUMBAI 3750 3750 UNCH VIJAYWADA 4000 4000 UNCH NAGPUR NR NR - CHENNAI 3650 3650 UNCH AMBIKAPUR 3050 3050 UNCH DHAMPUR NA NA -
  • 6. Technical Outlook 6 SELL CORIANDER MAY BELOW 6940 TARGET 6895 6745 SL ABOVE 7005 BUY GUARGUM MAY ABOVE 5820 TARGET 5870 5940 SL BELOW 5760 SELL TURMERIC MAY BELOW 8260 TARGET 8216 8156 SL ABOVE 8320
  • 7. Disclaimer ๏ƒ˜ 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. ๏ƒ˜ 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. ๏ƒ˜ 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. ๏ƒ˜ 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. ๏ƒ˜ Investment in equity & bullion market has its own risks. ๏ƒ˜ 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.