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WEEKLY AGRI COMMODITY REPORT
22 FEBRUARY 2016
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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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Weekly Wrap Up
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
APR 6800 7054 6611 6639 -1.79 33960
INTRADAY
LEVELS
SUPPORT SUPP.1
6482
SUPP. 2
6325
PIVOT
6768
Coriander short term
trend is bearish and
may continue in coming
days.RESISTAN
CE
RES. 1
7925
RES. 2
7211
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTAN
CE
RES. 1
-
RES. 2
-
TURMERIC
APR 8660 8996 8440 8744 +0.05 67570
INTRADAY
LEVELS
SUPPORT SUPP. 1
8457
SUPP. 2
8171
PIVOT
8727
Turmeric short term
trend is bearish and
may continue in coming
days.RESISTAN
CE
RES. 1
9013
RES. 2
9283
GUARGUM
MAR 5730 5930 5680 5750 +1.05 66694
INTRADAY
LEVELS
SUPPORT SUPP. 1
5643
SUPP. 2
5537
PIVOT
5787
Guargum Short term
trend is bearish and
may continue in
coming days.RESISTAN
CE
RES. 1
5893
RES. 2
6037
Weekly Recommendations
3
BUY CORIANDER APRIL ABOVE 7080 TARGET 7280 7550 SL BELOW 6860
SELL CORIANDER APRIL BELOW 6566 TARGET 6366 6096 SL ABOVE 6716
BUY GUARGUM MAR ABOVE 6070 TARGET 6250 6450 SL BELOW 5870
SELL GUARGUM MAR BELOW 5720 TARGET 5540 5340 SL ABOVE 5920
Commodities In News
4
ECONOMIC NEWS
A digital platform for enabling farmers to sell their produce at a better
rate anywhere in the country will be launched on April 14, Prime Minister
Narendra Modi announced as he resolved to ensure doubling of the
farmers' income by 2022.Modi, who unveiled guidelines for the recently-
launched Prime Minister's Crop Insurance Scheme at a rally here, said this
was one of the various initiatives of his government aimed at ensuring the
welfare of the farmers who have been in distress due to vagaries of
weather.Besides the Crop Insurance Scheme, he spoke about Soil Health
Card scheme, PM's Irrigation Scheme, Organic farming, ensuring adequate
availability of urea and ethanol-blending programme to help the sugarcane
farmers and also pitched for 'Start-Up' initiatives in agriculture sector.He
pushed for more and more use of modern technology and equipment along
with traditional wisdom of farming to boost the agriculture sector, not only
to meet the domestic needs but also cater to the demands from abroad."We
want to integrate technology in the agriculture sector. There should be a
mix of progressive farming and age-old wisdom," the Prime Minister
said.Noting that the farmers do not get adequate price for his produce
despite working hard as he has no choice but to sell in the nearby mandis,
he said the government has decided to address this by adopting a digital
mechanism."We are setting up a National Agriculture Market, a virtual
and digital platform, in the coming days on April 14, the birth anniversary
of B R Ambedkar, we will launch the online platform," Modi said at the
rally which was attended by union ministers Sushma Swaraj, Radha
Mohan Singh, Chief Minister Shivraj Singh Chouhan besides others.He
said this platform will enable the farmers, using a mobile phone, to sell
their produce anywhere in the country, wherever they can get a better
price.At the rally, the Prime Minister said all states as well as agriculture
community should take a pledge to double the farmers' income by 2022,
the 75th year of the country's Independence. "We will do whatever is
required achieve this."Under the e-agri platform, the government is
working towards integrating all the 585 wholesale mandis of the country
by 2018 in a phased manner, for which Rs 200 crore have been earmarked
as of now.In the first phase, 200 mandis will be integrated by this March-
end while another 200 will be connected to the online platform in 2017.
Turmeric settled down due to increased supply of new crop from the
producing belts. There are reports of production concern due to drought in
Maharashtra and Andhra Pradesh. There is concern over production due to
heavy rains during Nov-Dec in south India. Deficient rainfall in during early
part of sowing in major Turmeric growing regions of Maharashtra and
Karnataka may reduce the yield.The arrival of new turmeric has improved at
Erode. Around 1000 bags of new turmeric arrived and all were sold at a
higher price. Few bags of hybrid turmeric also arrived for sale and fetched
Rs. 10,100 a quintal. At the Erode Turmeric Merchants Association, the
finger turmeric was sold at Rs. 7,859-9,659 a quintal and the root variety at
Rs. 7,459-9,100. Of the 1,292 bags offered, 847 were sold. As per dept of
commerce data, turmeric exports until November 2015 pegged at 50,916
tonnes while the export for the 2014-15 is 90,738 tonnes compared to 78,360
tonnes in FY14. As on latest sowing data, turmeric sowing In AP, Telangana
is lower than the normal sowing area.
 Rmseed settled down on profit booking after prices seen supported on
expectation of good demand for the new season crop. India's mustard output
is seen rising for the first time in three years at 6.84 mt as per 2nd advance
estimates by Dept of Agriculture. Last year, the production was 6.31 mt. As
per latest government data release, area coverage of RM seed this year is
little lower at 64.8 lakh hectare (lh) compared to 65.14 lh sown in last
year.According to official estimates, mustard sowing has doubled in Uttar
Pradesh from the last season; there is a slight increase in Punjab and Haryana
whereas in sowing in Rajasthan has declined by 5-10 % due to warmer Oct/
Nov and scanty rains. According to latest Feb’16 USDA report, Global
rapeseed production is projected at 67.68 mt, lower by 0.04 mt compared to
last month’s forecast. Global rapeseed exports for 2015/16 are forecast
130,000 tons higher this month to 13.5 mt, still below last year’s 15 mt.
5
NEWS RECAP
COMMODITY HEADLINES
 Digital farm market platform to be launched on April 14: PM Modi.
 Urea imports up by 11% to 81.25 lakh tonnes.
Cabinet gives ex-post facto approval to 13 MoUs on agriculture.
 Sugar production by mid-Feb up 3.6 percent: ISMA.
 Cumin exporters demand more protection for farmers.
 India wants imported corn to be GMO-free.
 Wheat output may rise 8.42% to 94 MT in 2015-16.
 Government buys 8 lakh bales of cotton this year; not to buy more.
 Government fixes wheat procurement target at 30 million tonnes for 2016-17.
 Foodgrain output likely to increase to 253 million tonnes in 2015-16.
 91% land holding would belong to small farmers by 2030: Radha Mohan Singh.
SPOT QUOTES
6
COMMODITY NAME LOCATION PRICE
Ref Soya Oil Nagpur 615
Ref Soya Oil Mumbai 630
Ref Soya Oil Indore 618.1
Soy Bean Indore 3841
Soy Bean Nagpur 3865.8
Soy Bean Kota 3587.5
Sugar M Grade Kanpur 3251
Sugar M Grade Erode 3098
Sugar M Grade Muzaffar Nagar 3229.4
Sugar S Vashi 3217.45
Sugar S Erode 3048
Sugar S Kolhapur 3110
COMMODITY NAME LOCATION PRICE
Bajra Delhi 1520
Bajra Jaipur 1500
Barley Jaipur 1480
Castor Seed Deesa 3188.9
Chana Bikaner 4600
Chana Delhi 4701.8
Chana Indore 4490
Coriander Kota 7147.8
Guar Gum Jodhpur 5722.3
Guar Seed 10 MT Jodhpur 3125
Jeera Unjha 14775
Mustardseed Jaipur 4551.65
Mustardseed Alwar 4285.6
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
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Epic research weekly agri report 22nd feb 2016

  • 1. WEEKLY AGRI COMMODITY REPORT 22 FEBRUARY 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. Weekly Wrap Up 2 MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL CORIANDER APR 6800 7054 6611 6639 -1.79 33960 INTRADAY LEVELS SUPPORT SUPP.1 6482 SUPP. 2 6325 PIVOT 6768 Coriander short term trend is bearish and may continue in coming days.RESISTAN CE RES. 1 7925 RES. 2 7211 CASTORSEED - - - - - - - INTRADAY LEVELS SUPPORT SUPP. 1 - SUPP. 2 - PIVOT - - RESISTAN CE RES. 1 - RES. 2 - TURMERIC APR 8660 8996 8440 8744 +0.05 67570 INTRADAY LEVELS SUPPORT SUPP. 1 8457 SUPP. 2 8171 PIVOT 8727 Turmeric short term trend is bearish and may continue in coming days.RESISTAN CE RES. 1 9013 RES. 2 9283 GUARGUM MAR 5730 5930 5680 5750 +1.05 66694 INTRADAY LEVELS SUPPORT SUPP. 1 5643 SUPP. 2 5537 PIVOT 5787 Guargum Short term trend is bearish and may continue in coming days.RESISTAN CE RES. 1 5893 RES. 2 6037
  • 3. Weekly Recommendations 3 BUY CORIANDER APRIL ABOVE 7080 TARGET 7280 7550 SL BELOW 6860 SELL CORIANDER APRIL BELOW 6566 TARGET 6366 6096 SL ABOVE 6716 BUY GUARGUM MAR ABOVE 6070 TARGET 6250 6450 SL BELOW 5870 SELL GUARGUM MAR BELOW 5720 TARGET 5540 5340 SL ABOVE 5920
  • 4. Commodities In News 4 ECONOMIC NEWS A digital platform for enabling farmers to sell their produce at a better rate anywhere in the country will be launched on April 14, Prime Minister Narendra Modi announced as he resolved to ensure doubling of the farmers' income by 2022.Modi, who unveiled guidelines for the recently- launched Prime Minister's Crop Insurance Scheme at a rally here, said this was one of the various initiatives of his government aimed at ensuring the welfare of the farmers who have been in distress due to vagaries of weather.Besides the Crop Insurance Scheme, he spoke about Soil Health Card scheme, PM's Irrigation Scheme, Organic farming, ensuring adequate availability of urea and ethanol-blending programme to help the sugarcane farmers and also pitched for 'Start-Up' initiatives in agriculture sector.He pushed for more and more use of modern technology and equipment along with traditional wisdom of farming to boost the agriculture sector, not only to meet the domestic needs but also cater to the demands from abroad."We want to integrate technology in the agriculture sector. There should be a mix of progressive farming and age-old wisdom," the Prime Minister said.Noting that the farmers do not get adequate price for his produce despite working hard as he has no choice but to sell in the nearby mandis, he said the government has decided to address this by adopting a digital mechanism."We are setting up a National Agriculture Market, a virtual and digital platform, in the coming days on April 14, the birth anniversary of B R Ambedkar, we will launch the online platform," Modi said at the rally which was attended by union ministers Sushma Swaraj, Radha Mohan Singh, Chief Minister Shivraj Singh Chouhan besides others.He said this platform will enable the farmers, using a mobile phone, to sell their produce anywhere in the country, wherever they can get a better price.At the rally, the Prime Minister said all states as well as agriculture community should take a pledge to double the farmers' income by 2022, the 75th year of the country's Independence. "We will do whatever is required achieve this."Under the e-agri platform, the government is working towards integrating all the 585 wholesale mandis of the country by 2018 in a phased manner, for which Rs 200 crore have been earmarked as of now.In the first phase, 200 mandis will be integrated by this March- end while another 200 will be connected to the online platform in 2017. Turmeric settled down due to increased supply of new crop from the producing belts. There are reports of production concern due to drought in Maharashtra and Andhra Pradesh. There is concern over production due to heavy rains during Nov-Dec in south India. Deficient rainfall in during early part of sowing in major Turmeric growing regions of Maharashtra and Karnataka may reduce the yield.The arrival of new turmeric has improved at Erode. Around 1000 bags of new turmeric arrived and all were sold at a higher price. Few bags of hybrid turmeric also arrived for sale and fetched Rs. 10,100 a quintal. At the Erode Turmeric Merchants Association, the finger turmeric was sold at Rs. 7,859-9,659 a quintal and the root variety at Rs. 7,459-9,100. Of the 1,292 bags offered, 847 were sold. As per dept of commerce data, turmeric exports until November 2015 pegged at 50,916 tonnes while the export for the 2014-15 is 90,738 tonnes compared to 78,360 tonnes in FY14. As on latest sowing data, turmeric sowing In AP, Telangana is lower than the normal sowing area.  Rmseed settled down on profit booking after prices seen supported on expectation of good demand for the new season crop. India's mustard output is seen rising for the first time in three years at 6.84 mt as per 2nd advance estimates by Dept of Agriculture. Last year, the production was 6.31 mt. As per latest government data release, area coverage of RM seed this year is little lower at 64.8 lakh hectare (lh) compared to 65.14 lh sown in last year.According to official estimates, mustard sowing has doubled in Uttar Pradesh from the last season; there is a slight increase in Punjab and Haryana whereas in sowing in Rajasthan has declined by 5-10 % due to warmer Oct/ Nov and scanty rains. According to latest Feb’16 USDA report, Global rapeseed production is projected at 67.68 mt, lower by 0.04 mt compared to last month’s forecast. Global rapeseed exports for 2015/16 are forecast 130,000 tons higher this month to 13.5 mt, still below last year’s 15 mt.
  • 5. 5 NEWS RECAP COMMODITY HEADLINES  Digital farm market platform to be launched on April 14: PM Modi.  Urea imports up by 11% to 81.25 lakh tonnes. Cabinet gives ex-post facto approval to 13 MoUs on agriculture.  Sugar production by mid-Feb up 3.6 percent: ISMA.  Cumin exporters demand more protection for farmers.  India wants imported corn to be GMO-free.  Wheat output may rise 8.42% to 94 MT in 2015-16.  Government buys 8 lakh bales of cotton this year; not to buy more.  Government fixes wheat procurement target at 30 million tonnes for 2016-17.  Foodgrain output likely to increase to 253 million tonnes in 2015-16.  91% land holding would belong to small farmers by 2030: Radha Mohan Singh.
  • 6. SPOT QUOTES 6 COMMODITY NAME LOCATION PRICE Ref Soya Oil Nagpur 615 Ref Soya Oil Mumbai 630 Ref Soya Oil Indore 618.1 Soy Bean Indore 3841 Soy Bean Nagpur 3865.8 Soy Bean Kota 3587.5 Sugar M Grade Kanpur 3251 Sugar M Grade Erode 3098 Sugar M Grade Muzaffar Nagar 3229.4 Sugar S Vashi 3217.45 Sugar S Erode 3048 Sugar S Kolhapur 3110 COMMODITY NAME LOCATION PRICE Bajra Delhi 1520 Bajra Jaipur 1500 Barley Jaipur 1480 Castor Seed Deesa 3188.9 Chana Bikaner 4600 Chana Delhi 4701.8 Chana Indore 4490 Coriander Kota 7147.8 Guar Gum Jodhpur 5722.3 Guar Seed 10 MT Jodhpur 3125 Jeera Unjha 14775 Mustardseed Jaipur 4551.65 Mustardseed Alwar 4285.6
  • 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.