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WEEKLY AGRI COMMODITY REPORT
23 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
Weekly Wrap Up
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
APR 6812 7852 6812 7740 +10.73 8525
INTRADAY
LEVELS
SUPPORT SUPP.1
7084
SUPP. 2
6428
PIVOT
7468
Dhaniya short term
trend is down, further
more downside is
expected in comimg
days.
RESISTAN
CE
RES. 1
8124
RES. 2
8508
CASTORSEED
APR 3769 3778 3633 3686 -1.36 131900
INTRADAY
LEVELS
SUPPORT SUPP. 1
3654
SUPP. 2
3571
PIVOT
3716
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
3799
RES. 2
3861
TURMERIC
APR 7798 8224 7534 7900 +0.89 6506
INTRADAY
LEVELS
SUPPORT SUPP. 1
7548
SUPP. 2
7196
PIVOT
7886
Turmeric short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
8238
RES. 2
8576
GUARGUM
APR 8710 8810 7810 8330 -5.66 35734
INTRADAY
LEVELS
SUPPORT SUPP. 1
7823
SUPP. 2
7317
PIVOT
8317
Guargum Short term
trend is Down,
Expecting price may go
Down in coming days.RESISTAN
CE
RES. 1
8823
RES. 2
9317
Weekly Recommendations
3
BUY DHANIYA APRIL ABOVE 8180 TARGET 8280 8380 SL BELOW 8030
SELL DHANIYA APRIL BELOW 7250 TARGET 7150 7050 SL ABOVE 7400
BUY GUARGUM APRIL ABOVE 8350 TARGET 8500 8650 SL BELOW 8150
SELL GUARGUM APRIL BELOW 7850 TARGET 7700 7550 SL ABOVE 8050
Commodities In News
4
ECONOMIC NEWS
 Unseasonal rains and hailstorms in various parts of the country during
this month have "adversely affected" production of Rabi crops, "The
recent unseasonal rains and hailstorms in Gujarat, Madhya Pradesh,
Maharashtra, Rajasthan, Haryana, Punjab, Uttar Pradesh, Uttarakhand,
Himachal Pradesh, Jammu & Kashmir, Telangana, Andhra Pradesh and
West Bengal have adversely affected production of rabi crops. "... further
aggravating the overall production of agricultural crops during 2014-15,"
Minister of State for Agriculture Mohanbhai Kundaria said in a written
reply to Rajya Sabha. Wheat, mustard and grams are the major Rabi
(winter-sown) crops.India's foodgrains production is estimated to decline
by 3.2 per cent at 257.07 million tonnes in the 2014-15 crop year (July-
June) as against 265.57 million tonnes in the previous year, "As per
preliminary reports, about 27 lakh hectare crop area was affected. The
states are yet to submit their assessment of loss to standing crops to
Ministry of Agriculture,"In Rabi season of 2014-15 crop year, 535.35
lakh hectares were sown under foodgrains and 79.34 lakh hectares under
oilseeds.
 The Government of India on Friday said it is in favour of long-term,
consistent and predictable trade policy for agricultural/food
products.Among the majoragricultural/food products, restrictions have
been imposed only on the export of edible oils and pulses and that too on
account of severe demand-supply mismatch, Nirmala Sitharaman,
Minister of Commerce & Industry, said in a written reply in Lok
Sabha.“There is no outright ban on import of any of the major
agricultural/food products. All policy decisions on import and export of
agricultural/food products are taken after considering interests of all
stakeholders including farmers and consumers,” according to the
minister.“The policy decisions on export and import of agricultural/food
products, including decisions on imposing/lifting of ban on export and
import, are based on several factors such as availability/non-availability
of surplus over.
 Turmeric stayed supported after falling to a one month low earlier this
week as upcountry demand is expected to support sentiments in near term.
However, over a medium term, traders are expecting further decline in the
coming days due to possibility of new supplies from other producing states,
primarily in Karnataka in near term. Spot prices are quoting at Rs 7950 per
quintal, unaltered on the day.
 Overall sentiments in Pulses markets remain thin and that is affecting
movements in Chana market too. Demand is farily weak in Tur while in
case of Masur, traders are eving fresh crop from MP to hit the markets
soon. This is keeping Chana around Rs 3600 per quintal in Delhi. Reports
are stating that crop which was sown early is likely to have endured some
losses following the recent burst of rains. In Delhi markets, the arrivals
came in at 40 trucks as compared to 25 trucks in last session.
 Some stable moves were seen in Guar today. Poor demand owing to
weak exports is hitting sentiments in guar. Global crude oil prices are
lingering at their six year lows and not much of an upside is expected in
guar unless crude picks up from these levels. Gum export demand is very
weak amid the rout in crude prices. Local millers have heavy stocks with
them. Spot guar is quoting at Rs 3700 per quintal in Jodhpur- its lowest
level in nearly one year.
 Coriander eased after hitting one month high on ideas that supplies might
increase in coming days. The prices soared earlier this week as concerns
regarding the quality of the crop arriving in local mandies supported
sentiments. The commodity has been on an upward trajectory in last few
days on lack of good quality crops even as arrivals remained steady. Spot
prices are trading at Rs 7600 per quintal in Kota, down Rs 100 per quintal
on the day and hitting their highest mark in around one month. Traders have
been showing good buying interest on possibility of crop damage to
coriander crop in Rajasthan. The overall supply scenario remains good
though.
5
NEWS RECAP
COMMODITY HEADLINES
Agri Ministry Projects Heavy Rabi Crop Damage Due To Unseasonable Rainfall.
 India's edible oil imports likely to cross 12.5 mln tons.
Rains in north, central India may affect production of wheat, other crops .
 Unseasonal rain mixed bag for wheat,may not hit total output.
 Sugar output to see 30% rise year-on-year; prices seen depressed.
 Gap exists between pulses, oilseeds production and demand'.
 Sugar mills owe Rs 16,334 crore to cane farmers as of February-end.
 Government launches Rs 200 crore scheme for innovation in agro-industry.
 Private players exported 2.5 MT of wheat till January this fiscal.
 India Exported 42.5 Thousand Tons Of Sugar Last Week.
 Government says unseasonal rain adversely affected rabi crop output.
SPOT QUOTES
6
COMMODITY NAME LOCATION PRICE
Guar Gum Jodhpur 8091.75
Guar Seed 10 MT Jodhpur 3700
GUAR SEED 2 MT Jodhpur 3700
Guarseed Bikaner 3685
Gur Muzaffar Nagar 905.15
Jeera Unjha 15280
Kapas Surendranagar 753
Maize - Feed/Industrial Grade Davengere 1312.5
Maize - Feed/Industrial Grade Karimnagar 1320
Maize - Feed/Industrial Grade Sangli 1378.75
Maize - Feed/Industrial Grade Delhi 1555
Maize - Feed/Industrial Grade Gulabbagh 1423.1
COMMODITY NAME LOCATION PRICE
Bajra Delhi 1192.5
Barley Jaipur 1387.85
Castor Seed Deesa 3642.65
Castor Seed 2 MT Deesa 3642.65
Chana Bikaner 3400
Chana Delhi 3586.4
Chana Indore 3480
Chana 2 MT Delhi 3586.4
Coriander Kota 7598.45
Cotton Kadi 14891.75
Cotton Seed (Industrial Grade) Akola 1886
Cotton Seed Oilcake Akola 1576.65
Cotton Seed Oilcake Kadi 1600
Crude Palm Oil Kandla 439
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 23rd to 27th march 2015

  • 1. WEEKLY AGRI COMMODITY REPORT 23 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. Weekly Wrap Up 2 MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL DHANIYA APR 6812 7852 6812 7740 +10.73 8525 INTRADAY LEVELS SUPPORT SUPP.1 7084 SUPP. 2 6428 PIVOT 7468 Dhaniya short term trend is down, further more downside is expected in comimg days. RESISTAN CE RES. 1 8124 RES. 2 8508 CASTORSEED APR 3769 3778 3633 3686 -1.36 131900 INTRADAY LEVELS SUPPORT SUPP. 1 3654 SUPP. 2 3571 PIVOT 3716 Castorseed short term trend is down, Prices expected to go down in coming days.RESISTAN CE RES. 1 3799 RES. 2 3861 TURMERIC APR 7798 8224 7534 7900 +0.89 6506 INTRADAY LEVELS SUPPORT SUPP. 1 7548 SUPP. 2 7196 PIVOT 7886 Turmeric short term trend is down and may continue in coming days.RESISTAN CE RES. 1 8238 RES. 2 8576 GUARGUM APR 8710 8810 7810 8330 -5.66 35734 INTRADAY LEVELS SUPPORT SUPP. 1 7823 SUPP. 2 7317 PIVOT 8317 Guargum Short term trend is Down, Expecting price may go Down in coming days.RESISTAN CE RES. 1 8823 RES. 2 9317
  • 3. Weekly Recommendations 3 BUY DHANIYA APRIL ABOVE 8180 TARGET 8280 8380 SL BELOW 8030 SELL DHANIYA APRIL BELOW 7250 TARGET 7150 7050 SL ABOVE 7400 BUY GUARGUM APRIL ABOVE 8350 TARGET 8500 8650 SL BELOW 8150 SELL GUARGUM APRIL BELOW 7850 TARGET 7700 7550 SL ABOVE 8050
  • 4. Commodities In News 4 ECONOMIC NEWS  Unseasonal rains and hailstorms in various parts of the country during this month have "adversely affected" production of Rabi crops, "The recent unseasonal rains and hailstorms in Gujarat, Madhya Pradesh, Maharashtra, Rajasthan, Haryana, Punjab, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Jammu & Kashmir, Telangana, Andhra Pradesh and West Bengal have adversely affected production of rabi crops. "... further aggravating the overall production of agricultural crops during 2014-15," Minister of State for Agriculture Mohanbhai Kundaria said in a written reply to Rajya Sabha. Wheat, mustard and grams are the major Rabi (winter-sown) crops.India's foodgrains production is estimated to decline by 3.2 per cent at 257.07 million tonnes in the 2014-15 crop year (July- June) as against 265.57 million tonnes in the previous year, "As per preliminary reports, about 27 lakh hectare crop area was affected. The states are yet to submit their assessment of loss to standing crops to Ministry of Agriculture,"In Rabi season of 2014-15 crop year, 535.35 lakh hectares were sown under foodgrains and 79.34 lakh hectares under oilseeds.  The Government of India on Friday said it is in favour of long-term, consistent and predictable trade policy for agricultural/food products.Among the majoragricultural/food products, restrictions have been imposed only on the export of edible oils and pulses and that too on account of severe demand-supply mismatch, Nirmala Sitharaman, Minister of Commerce & Industry, said in a written reply in Lok Sabha.“There is no outright ban on import of any of the major agricultural/food products. All policy decisions on import and export of agricultural/food products are taken after considering interests of all stakeholders including farmers and consumers,” according to the minister.“The policy decisions on export and import of agricultural/food products, including decisions on imposing/lifting of ban on export and import, are based on several factors such as availability/non-availability of surplus over.  Turmeric stayed supported after falling to a one month low earlier this week as upcountry demand is expected to support sentiments in near term. However, over a medium term, traders are expecting further decline in the coming days due to possibility of new supplies from other producing states, primarily in Karnataka in near term. Spot prices are quoting at Rs 7950 per quintal, unaltered on the day.  Overall sentiments in Pulses markets remain thin and that is affecting movements in Chana market too. Demand is farily weak in Tur while in case of Masur, traders are eving fresh crop from MP to hit the markets soon. This is keeping Chana around Rs 3600 per quintal in Delhi. Reports are stating that crop which was sown early is likely to have endured some losses following the recent burst of rains. In Delhi markets, the arrivals came in at 40 trucks as compared to 25 trucks in last session.  Some stable moves were seen in Guar today. Poor demand owing to weak exports is hitting sentiments in guar. Global crude oil prices are lingering at their six year lows and not much of an upside is expected in guar unless crude picks up from these levels. Gum export demand is very weak amid the rout in crude prices. Local millers have heavy stocks with them. Spot guar is quoting at Rs 3700 per quintal in Jodhpur- its lowest level in nearly one year.  Coriander eased after hitting one month high on ideas that supplies might increase in coming days. The prices soared earlier this week as concerns regarding the quality of the crop arriving in local mandies supported sentiments. The commodity has been on an upward trajectory in last few days on lack of good quality crops even as arrivals remained steady. Spot prices are trading at Rs 7600 per quintal in Kota, down Rs 100 per quintal on the day and hitting their highest mark in around one month. Traders have been showing good buying interest on possibility of crop damage to coriander crop in Rajasthan. The overall supply scenario remains good though.
  • 5. 5 NEWS RECAP COMMODITY HEADLINES Agri Ministry Projects Heavy Rabi Crop Damage Due To Unseasonable Rainfall.  India's edible oil imports likely to cross 12.5 mln tons. Rains in north, central India may affect production of wheat, other crops .  Unseasonal rain mixed bag for wheat,may not hit total output.  Sugar output to see 30% rise year-on-year; prices seen depressed.  Gap exists between pulses, oilseeds production and demand'.  Sugar mills owe Rs 16,334 crore to cane farmers as of February-end.  Government launches Rs 200 crore scheme for innovation in agro-industry.  Private players exported 2.5 MT of wheat till January this fiscal.  India Exported 42.5 Thousand Tons Of Sugar Last Week.  Government says unseasonal rain adversely affected rabi crop output.
  • 6. SPOT QUOTES 6 COMMODITY NAME LOCATION PRICE Guar Gum Jodhpur 8091.75 Guar Seed 10 MT Jodhpur 3700 GUAR SEED 2 MT Jodhpur 3700 Guarseed Bikaner 3685 Gur Muzaffar Nagar 905.15 Jeera Unjha 15280 Kapas Surendranagar 753 Maize - Feed/Industrial Grade Davengere 1312.5 Maize - Feed/Industrial Grade Karimnagar 1320 Maize - Feed/Industrial Grade Sangli 1378.75 Maize - Feed/Industrial Grade Delhi 1555 Maize - Feed/Industrial Grade Gulabbagh 1423.1 COMMODITY NAME LOCATION PRICE Bajra Delhi 1192.5 Barley Jaipur 1387.85 Castor Seed Deesa 3642.65 Castor Seed 2 MT Deesa 3642.65 Chana Bikaner 3400 Chana Delhi 3586.4 Chana Indore 3480 Chana 2 MT Delhi 3586.4 Coriander Kota 7598.45 Cotton Kadi 14891.75 Cotton Seed (Industrial Grade) Akola 1886 Cotton Seed Oilcake Akola 1576.65 Cotton Seed Oilcake Kadi 1600 Crude Palm Oil Kandla 439
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