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WEEKLY AGRI COMMODITY REPORT
27 JULY 2015
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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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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
CORIANDER
AUG 11721 12234 11710 11968 +1.69 51160
INTRADAY
LEVELS
SUPPORT SUPP.1
11707
SUPP. 2
11445
PIVOT
11971
Coriander short term
trend is bearish and
may continue in coming
days.RESISTAN
CE
RES. 1
12231
RES. 2
12495
CASTORSEED
AUG 4003 4038 3886 3944 +0.48 203770
INTRADAY
LEVELS
SUPPORT SUPP. 1
3874
SUPP. 2
3804
PIVOT
3956
Castorseed short term
trend is bearish and
may continue in
coming days.RESISTAN
CE
RES. 1
4026
RES. 2
4108
TURMERIC
AUG 7360 7578 6822 6860 -6.87 51650
INTRADAY
LEVELS
SUPPORT SUPP. 1
6595
SUPP. 2
6331
PIVOT
7087
Turmeric short term
trend is bullish and may
continue in coming
days.RESISTAN
CE
RES. 1
7351
RES. 2
7843
GUARGUM
OCT 8650 9330 8350 8650 -5.36 45860
INTRADAY
LEVELS
SUPPORT SUPP. 1
8223
SUPP. 2
7797
PIVOT
8777
Guargum Short term
trend is bullish and
may continue in
coming days.RESISTAN
CE
RES. 1
9203
RES. 2
9757
Weekly Recommendations
3
BUY CORIANDER AUG ABOVE 12200 TARGET 12300 12400 SL BELOW 12050
SELL CORIANDER AUG BELOW 11750 TARGET 11650 11550 SL ABOVE 11900
BUY GUARGUM OCT ABOVE 8780 TARGET 8930 9080 SL BELOW 8580
SELL GUARGUM OCT BELOW 8370 TARGET 8220 8070 SL ABOVE 8570
Commodities In News
4
ECONOMIC NEWS
Wholesale onion price at Lasalgoan in Maharashtra, Asia's biggest
market for this kitchen staple, has shot up by 70 per cent in just about a
month, hitting its highest level for the month of July in the past two
decades.Prices in July usually tend to be higher because the supply goes
down and the onset of monsoon season also affects the onion quality.The
onion was being sold at Rs 25.50 per kg in Lasalgoan market today, while
the retail prices are in the range of Rs 35-40 per kg here in the national
capital. Lasalgoan accounts for a bulk of the supply in various parts of the
country, including Delhi region.The prices have shot up by 70 per cent
since June 27 when the government increased the minimum export price
(MEP) for the commodity. Spiralling prices could further fuel the food
inflation in the coming weeks.As per the data maintained by the Nasik-
based National Horticultural Research and Development Foundation
(NHRDF), the average price at Lasalgaon stood at Rs 15 per kg last
month.A sharp increase is being seen in the retail markets in most parts of
the country.The prices in both wholesale and retail markets have been
rising in recent weeks due to sluggish supply of good quality onion in the
wake of the crop getting damaged in storage across major growing states,
including Maharashtra.Apprehending further increase in onion prices, the
government has already increased MEP of the commodity to USD 425 per
tonne and and extended by another year the ban on hoarding of the key
kitchen staple beyond a prescribed limit.The Centre is also planning to
import onion, though in limited quantity, to boost the domestic
availability.Much of the Rabi (winter) onion crop is stored to meet the
demand in lean period. But this year, most of the onion kept in storage is
of poor quality as the Rabi crop got damaged due to unseasonal rains in
early March.According to agri experts, high storage losses have reduced
availability of onion in the market and put pressure on prices and this
situation will continue till the arrival of new kharif crop from mid-
September. To check prices, the government had imported a small quantity
of onion last year too.It had also eased fumigation norms for smooth
shipment of onions.
Turmeric settled down due to favourable rainfall in major turmeric
growing states along with limited export demand in local mandies. As per
the market sources, favourable rainfall in major turmeric growing states such
as Maharashtra and Karnataka from last couple of days will encourage
turmeric sowing for the new season.Traders already stated that better price
realization in the current year will promote turmeric crop across all the major
producing states. The sources added that not much export enquiries have
been reported in turmeric market after Ramadan. Tamilnadu is witnessing
some shortfall in the rains and traders are not likely to be in a hurry of
offload their stocks. However, excess rains during the vegetative and
harvesting may adversely affect the production and quality. Turmeric sowing
area reported high in Maharashtra and Tamil Nadu state during the current
sowing period.As per Spice board of India, the export for the 2014-15 is
86,000 tonnes worth Rs 744.35. At Warangal market total arrivals are at 250
bags, higher by 50 bags as against previous day.
Jeera settled down due to surge in supply from producing regions in the
midst of decline in the export demand. The market participants have
meanwhile off load the buying position at current levels. There is
expectation of revival of export demand on short supply but quality issues
may not be positive for prices. Meanwhile, there are reports that, cumin crop
in China damaged due to heavy rains.Still the quality issues and supply
concerns from the production states keep the prices volatile. As per third
advance estimate of Gujarat State, production is expected at 1.58 lakh tonnes
in 2014-15, which is 54.3 per cent lower, compared to last years’ production
of 3.46 lakh tonnes. There is concern over production due to untimely
rainfall in March in Gujarat and Rajasthan. As per Government data, 2.41
lakh hectare of cumin crop is damaged in Rajasthan.According to latest spice
board press release, cumin export is stood at 155,500 tonnes for 2014-15
period and earned foreign exchange worth Rs 1,838.20 crore while in 2013-
14, the figures stood at 121,500 tonnes valued at Rs 1,600 crore.
5
NEWS RECAP
COMMODITY HEADLINES
Government to soon launch 'more farmer friendly' crop insurance scheme.
 2015-16 to be sixth consecutive year of excess sugar production for India.
Retail prices of pulses jump up to 41% in last one year.
 Wholesale onion price soars 70% in a month.
 Monsoon's good run raises prospects of bigger Kharif harvest.
 Rural agri-based technology must for country to prosper: APJ Abdul Kalam.
 Government proposes direct transfer of fertiliser subsidy to farmers.
 Government to check unbalanced use of fertilisers.
 Government sees record kharif pulses, oilseeds, coarse cereal output.
 Good monsoon spells good news for kharif, sown area up 62% from last year.
 All India Coordinated Project for Special Research in Food Quality and Nutrition for TNAU.
SPOT QUOTES
6
COMMODITY NAME LOCATION PRICE
Guar Gum Jodhpur 8173.25
Guar Seed 10 MT Jodhpur 3797.95
Guarseed Bikaner 3772.5
Jeera Unjha 16629.25
Mustardseed Jaipur 4197.65
Mustardseed Alwar 4273.65
Ref Soya Oil Nagpur 599
Ref Soya Oil Indore 590
Ref Soya Oil Mumbai 580
Soy Bean Kota 3212.5
Soy Bean Indore 3327
Soy Bean Nagpur 3417
COMMODITY NAME LOCATION PRICE
Barley Jaipur 1243.55
Castor Seed Deesa 3944.65
Castor Seed 2 MT Deesa 3944.65
Chana Bikaner 4450
Chana Delhi 4620.65
Chana Indore 4469.45
Chana 2 MT Delhi 4620.65
Coriander Kota 11768.25
Cotton Kadi 16493.25
Cotton Seed (Industrial Grade) Akola 2281
Cotton Seed Oilcake Kadi 1961.3
Cotton Seed Oilcake Akola 1891.45
Crude Palm Oil Kandla 427.65
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.
 The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all
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Epic research weekly agri report 27th to 31st july 2015

  • 1. WEEKLY AGRI COMMODITY REPORT 27 JULY 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 CORIANDER AUG 11721 12234 11710 11968 +1.69 51160 INTRADAY LEVELS SUPPORT SUPP.1 11707 SUPP. 2 11445 PIVOT 11971 Coriander short term trend is bearish and may continue in coming days.RESISTAN CE RES. 1 12231 RES. 2 12495 CASTORSEED AUG 4003 4038 3886 3944 +0.48 203770 INTRADAY LEVELS SUPPORT SUPP. 1 3874 SUPP. 2 3804 PIVOT 3956 Castorseed short term trend is bearish and may continue in coming days.RESISTAN CE RES. 1 4026 RES. 2 4108 TURMERIC AUG 7360 7578 6822 6860 -6.87 51650 INTRADAY LEVELS SUPPORT SUPP. 1 6595 SUPP. 2 6331 PIVOT 7087 Turmeric short term trend is bullish and may continue in coming days.RESISTAN CE RES. 1 7351 RES. 2 7843 GUARGUM OCT 8650 9330 8350 8650 -5.36 45860 INTRADAY LEVELS SUPPORT SUPP. 1 8223 SUPP. 2 7797 PIVOT 8777 Guargum Short term trend is bullish and may continue in coming days.RESISTAN CE RES. 1 9203 RES. 2 9757
  • 3. Weekly Recommendations 3 BUY CORIANDER AUG ABOVE 12200 TARGET 12300 12400 SL BELOW 12050 SELL CORIANDER AUG BELOW 11750 TARGET 11650 11550 SL ABOVE 11900 BUY GUARGUM OCT ABOVE 8780 TARGET 8930 9080 SL BELOW 8580 SELL GUARGUM OCT BELOW 8370 TARGET 8220 8070 SL ABOVE 8570
  • 4. Commodities In News 4 ECONOMIC NEWS Wholesale onion price at Lasalgoan in Maharashtra, Asia's biggest market for this kitchen staple, has shot up by 70 per cent in just about a month, hitting its highest level for the month of July in the past two decades.Prices in July usually tend to be higher because the supply goes down and the onset of monsoon season also affects the onion quality.The onion was being sold at Rs 25.50 per kg in Lasalgoan market today, while the retail prices are in the range of Rs 35-40 per kg here in the national capital. Lasalgoan accounts for a bulk of the supply in various parts of the country, including Delhi region.The prices have shot up by 70 per cent since June 27 when the government increased the minimum export price (MEP) for the commodity. Spiralling prices could further fuel the food inflation in the coming weeks.As per the data maintained by the Nasik- based National Horticultural Research and Development Foundation (NHRDF), the average price at Lasalgaon stood at Rs 15 per kg last month.A sharp increase is being seen in the retail markets in most parts of the country.The prices in both wholesale and retail markets have been rising in recent weeks due to sluggish supply of good quality onion in the wake of the crop getting damaged in storage across major growing states, including Maharashtra.Apprehending further increase in onion prices, the government has already increased MEP of the commodity to USD 425 per tonne and and extended by another year the ban on hoarding of the key kitchen staple beyond a prescribed limit.The Centre is also planning to import onion, though in limited quantity, to boost the domestic availability.Much of the Rabi (winter) onion crop is stored to meet the demand in lean period. But this year, most of the onion kept in storage is of poor quality as the Rabi crop got damaged due to unseasonal rains in early March.According to agri experts, high storage losses have reduced availability of onion in the market and put pressure on prices and this situation will continue till the arrival of new kharif crop from mid- September. To check prices, the government had imported a small quantity of onion last year too.It had also eased fumigation norms for smooth shipment of onions. Turmeric settled down due to favourable rainfall in major turmeric growing states along with limited export demand in local mandies. As per the market sources, favourable rainfall in major turmeric growing states such as Maharashtra and Karnataka from last couple of days will encourage turmeric sowing for the new season.Traders already stated that better price realization in the current year will promote turmeric crop across all the major producing states. The sources added that not much export enquiries have been reported in turmeric market after Ramadan. Tamilnadu is witnessing some shortfall in the rains and traders are not likely to be in a hurry of offload their stocks. However, excess rains during the vegetative and harvesting may adversely affect the production and quality. Turmeric sowing area reported high in Maharashtra and Tamil Nadu state during the current sowing period.As per Spice board of India, the export for the 2014-15 is 86,000 tonnes worth Rs 744.35. At Warangal market total arrivals are at 250 bags, higher by 50 bags as against previous day. Jeera settled down due to surge in supply from producing regions in the midst of decline in the export demand. The market participants have meanwhile off load the buying position at current levels. There is expectation of revival of export demand on short supply but quality issues may not be positive for prices. Meanwhile, there are reports that, cumin crop in China damaged due to heavy rains.Still the quality issues and supply concerns from the production states keep the prices volatile. As per third advance estimate of Gujarat State, production is expected at 1.58 lakh tonnes in 2014-15, which is 54.3 per cent lower, compared to last years’ production of 3.46 lakh tonnes. There is concern over production due to untimely rainfall in March in Gujarat and Rajasthan. As per Government data, 2.41 lakh hectare of cumin crop is damaged in Rajasthan.According to latest spice board press release, cumin export is stood at 155,500 tonnes for 2014-15 period and earned foreign exchange worth Rs 1,838.20 crore while in 2013- 14, the figures stood at 121,500 tonnes valued at Rs 1,600 crore.
  • 5. 5 NEWS RECAP COMMODITY HEADLINES Government to soon launch 'more farmer friendly' crop insurance scheme.  2015-16 to be sixth consecutive year of excess sugar production for India. Retail prices of pulses jump up to 41% in last one year.  Wholesale onion price soars 70% in a month.  Monsoon's good run raises prospects of bigger Kharif harvest.  Rural agri-based technology must for country to prosper: APJ Abdul Kalam.  Government proposes direct transfer of fertiliser subsidy to farmers.  Government to check unbalanced use of fertilisers.  Government sees record kharif pulses, oilseeds, coarse cereal output.  Good monsoon spells good news for kharif, sown area up 62% from last year.  All India Coordinated Project for Special Research in Food Quality and Nutrition for TNAU.
  • 6. SPOT QUOTES 6 COMMODITY NAME LOCATION PRICE Guar Gum Jodhpur 8173.25 Guar Seed 10 MT Jodhpur 3797.95 Guarseed Bikaner 3772.5 Jeera Unjha 16629.25 Mustardseed Jaipur 4197.65 Mustardseed Alwar 4273.65 Ref Soya Oil Nagpur 599 Ref Soya Oil Indore 590 Ref Soya Oil Mumbai 580 Soy Bean Kota 3212.5 Soy Bean Indore 3327 Soy Bean Nagpur 3417 COMMODITY NAME LOCATION PRICE Barley Jaipur 1243.55 Castor Seed Deesa 3944.65 Castor Seed 2 MT Deesa 3944.65 Chana Bikaner 4450 Chana Delhi 4620.65 Chana Indore 4469.45 Chana 2 MT Delhi 4620.65 Coriander Kota 11768.25 Cotton Kadi 16493.25 Cotton Seed (Industrial Grade) Akola 2281 Cotton Seed Oilcake Kadi 1961.3 Cotton Seed Oilcake Akola 1891.45 Crude Palm Oil Kandla 427.65
  • 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.