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28-August-2017
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WEEKLY AGRI COMMODITY REPORT
MONTH OPEN HIGH LOW CLOSE % CHG VOL
TURMERIC
SEP 7414 7480 7218 7420 0.08 15815
INTRADAY
LEVELS
SUPPORT SUPP.1
7265
SUPP. 2
7110
PIVOT
7372
Turmericshort term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
7527
RES. 2
7634
CORIANDER
SEP 4829 4987 4715 4987 3.27 42980
INTRADAY
LEVELS
SUPPORT SUPP.1
4805
SUPP. 2
4624
PIVOT
4896
Coriander short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
5077
RES. 2
5168
GUARGUM 5MT
OCT 8190 8835 8189 8835 7.87 115010
INTRADAY
LEVELS
SUPPORT SUPP.1
8371
SUPP. 2
7907
PIVOT
8603
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTANCE
RES. 1
9067
RES. 2
9299
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP.1
-
SUPP.2
-
PIVOT
-
-
RESISTANC
E
RES. 1
-
RES. 2
-
Weekly Wrap Up
MONTH OPEN HIGH LOW CLOSE % CHG VOL
WEEKLY AGRI COMMODITY REPORT
Weekly Recommendations
BUY GUARGUM5 ABOVE 8850 TARGET 8900 9000 SL BELOW 8800
SELL GUARGUM5 BELOW 8670 TARGET 8620 8520 SL ABOVE 8720
BUY CORIANDER ABOVE 5050 TARGET 5100 5200 SL BELOW 5000
SELL CORIANDER BELOW 4900 TARGET 4850 4750 SL ABOVE 4950
WEEKLY AGRI COMMODITY REPORT
ECONOMIC NEWS
 Niti Aayog today backed use of genetically modified (GM) seeds in India
saying concerns of the technology being monopolised by MNCs can be
addressed through allowing only locally developed varieties. In its three-year
agenda document, the government think- tank also outlined various measures
like MSP reform and better marketing infrastructure to be adopted for
doubling of farmers' income. "Genetically modified (GM) seeds have emerged
as a powerful new technology promising high productivity, improved quality
and lower use of fertilisers, weedicides and pesticides in the last one to two
decades," Niti Aayog said. "There is some concern that GM seeds can be
monopolised by multinationals, which may then exploit our farmers. But this
concern is readily addressed by limiting GM seeds to those varieties
discovered by our own institutions and companies," the document said. On
the minimum support price (MSP) system, Niti Aayog said the MSP has
distorted cropping patterns, with excessive focus on the cultivation of wheat,
rice and sugarcane in the procurement states and neglect of other crops such
as pulses, oilseed and coarse grains.
 Chairman of Rubber Board Ajith Kumar on Thursday met Chief Minister
Sarbananda Sonowal and informed him that 58,000 hectares of land in 28
districts are under rubber cultivation and the Board has identified more areas
for expanding the rubber farming in the state. Sonowal said the state
government is willing to invite tyre manufacturing companies to set up base in
the state once production of rubber is increased. Rubber Board chairman
requested the Chief Minister for forwarding a proposal to Central government
for allocating extra fund under Mahatma Gandhi National Rural Employment
Guarantee Scheme (MGNREGS) for rubber cultivation so that sustainable
livelihood for economically weaker families can be generated. The Chief
Minister was also informed that the initial 7 to 9 years of gestation period of
rubber plantation is highly labour intensive and 46 percent of expenditure of
4.5 lakhs per hectare can be met from MGNREGS.
 Jeera futures edged up on NCDEX on rising domestic as well as exports
demand at the spot market. Further, tight stocks position following lower
supply from the producing belts fuelled the uptrend. The contract for
September delivery was trading at Rs 20140.00, up by 1.87% or Rs 370.00
from its previous closing of Rs 19770.00. The open interest of the contract
stood at 17424 lots. The contract for October delivery was trading at Rs
20280 .00, up by 1.76% or Rs 350.00 from its previous closing of Rs
19930.00. The open interest of the contract stood at 4341 lots on NCDEX. .
 Coriander futures edged higher on NCDEX as speculators built up fresh
positions, tracking a firming trend at spot market following improved
domestic as well as export demand. Further, tight stocks position on fall in
supplies from major producing regions also fuelled the uptrend. The
contract for September delivery was trading at Rs 4984.00, up by 3.92% or
Rs 188.00 from its previous closing of Rs 4796.00. The open interest of the
contract stood at 30700 lots. The contract for October delivery was
trading at Rs 5169.00, up by 3.75% or Rs 187.00 from its previous closing
of Rs 4982.00. The open interest of the contract stood at 15150 lots on
NCDEX.
 Soyabean futures traded marginally higher on NCDEX as speculators
enlarged their positions as unfavourable weather condition along with
lower acreages spurted supply worries. Further, strong demand from
domestic oil crusher too added support to soyabean prices. The contract
for October delivery was trading at Rs 3269.00, up by 0.86% or Rs 28.00
from its previous closing of Rs 3241.00. The open interest of the contract
stood at 55120 lots. The contract for November delivery was trading at Rs
3288.00, up by 0.61% or Rs 20.00 from its previous closing of Rs 3268.00.
The open interest of the contract stood at 25070 lots on NCDEX.
Commodities In News
WEEKLY AGRI COMMODITY REPORT
NEWS RECAP
COMMODITY HEADLINES
 Niti Aayog backs GM seeds, suggests reform in MSP mechanism
 58,000 hectares of land in Assam under rubber plantation
 Agriculture exports may grow to $100 billion by 2022: Experts
 Centre asks states to impose stock limits on onion traders
 Import duty norms may benefit edible oil sector
 US official to meet Agriculture Minister Radha Mohan Singh as Monsanto battles government
 Claims over Rs 7700 cr paid to 90L farmers: Officials to PM
 Planters apprehensive about future of Darjeeling tea exports, pin hopes on GI tag
 Crop acreage up 3.5% in last phase of kharif planting
 Dolomite contaminated water inundation puts tea in Himalayan foothills under crisis
 Sugar mills in South demand cut in import duty, North mills oppose move
WEEKLY AGRI COMMODITY REPORT
WEEKLY AGRI COMMODITY REPORT
Spot quotes
Commodity Name Location Price
Ref Soya Oil Nagpur
671
Ref Soya Oil Mumbai
667.5
Soy Bean Indore
3173
Soy Bean Nagpur
3282.5
Soy Bean Kota
2962.5
Soymeal Indore
26800
Sugar M Grade Kolhapur
3725
Sugar M Grade Kanpur
3846.4
Sugar M Grade Muzaffar Nagar
3745
Sugar M Grade Delhi
3814.05
Sugar M Grade Kolkatta
3942.85
Turmeric Nizamabad 7592.1
Commodity Name Location Price
Barley Jaipur 1467.25
Chana Bikaner
7900
Chana Delhi
8111
Chana Indore
7923.35
Coriander Kota 5061.35
Cotton Kadi 20078.75
Guar Gum 5MT Jodhpur 8528.9
GUAR SEED 2 MT Jodhpur 4072.5
Guarseed Bikaner 4032.5
Jeera Unjha
19572.75
Mustard seed Jaipur
3941
Mustard seed Alwar
3922
Ref Soya Oil Indore 659.75
Epic Research is one of India’s largest Financial Advisory house. Epic Research is amongst leading and most valuable financial
advisory provider companies in the private sector.
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WEEKLY AGRI COMMODITY REPORT
Lovelesh
Sharma
Digitally signed by Lovelesh
Sharma
DN: cn=Lovelesh Sharma c=IN
o=Personal
Reason: I am the author of this
document
Location:
Date: 2017-08-26 14:39+05:30

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Weekly agri commodity report by epic research limited of 28 august 2017

  • 1. 28-August-2017 For More Information Please visit www.epicresearch.co or contact info@epicresearch.co Please refer to disclaimer at the end of the report. WEEKLY AGRI COMMODITY REPORT
  • 2. MONTH OPEN HIGH LOW CLOSE % CHG VOL TURMERIC SEP 7414 7480 7218 7420 0.08 15815 INTRADAY LEVELS SUPPORT SUPP.1 7265 SUPP. 2 7110 PIVOT 7372 Turmericshort term trend is bearish and may continue in coming days. RESISTANCE RES. 1 7527 RES. 2 7634 CORIANDER SEP 4829 4987 4715 4987 3.27 42980 INTRADAY LEVELS SUPPORT SUPP.1 4805 SUPP. 2 4624 PIVOT 4896 Coriander short term trend is bearish and may continue in coming days. RESISTANCE RES. 1 5077 RES. 2 5168 GUARGUM 5MT OCT 8190 8835 8189 8835 7.87 115010 INTRADAY LEVELS SUPPORT SUPP.1 8371 SUPP. 2 7907 PIVOT 8603 Guargum Short term trend is bearish and may continue in coming days. RESISTANCE RES. 1 9067 RES. 2 9299 CASTORSEED - - - - - - - INTRADAY LEVELS SUPPORT SUPP.1 - SUPP.2 - PIVOT - - RESISTANC E RES. 1 - RES. 2 - Weekly Wrap Up MONTH OPEN HIGH LOW CLOSE % CHG VOL WEEKLY AGRI COMMODITY REPORT
  • 3. Weekly Recommendations BUY GUARGUM5 ABOVE 8850 TARGET 8900 9000 SL BELOW 8800 SELL GUARGUM5 BELOW 8670 TARGET 8620 8520 SL ABOVE 8720 BUY CORIANDER ABOVE 5050 TARGET 5100 5200 SL BELOW 5000 SELL CORIANDER BELOW 4900 TARGET 4850 4750 SL ABOVE 4950 WEEKLY AGRI COMMODITY REPORT
  • 4. ECONOMIC NEWS  Niti Aayog today backed use of genetically modified (GM) seeds in India saying concerns of the technology being monopolised by MNCs can be addressed through allowing only locally developed varieties. In its three-year agenda document, the government think- tank also outlined various measures like MSP reform and better marketing infrastructure to be adopted for doubling of farmers' income. "Genetically modified (GM) seeds have emerged as a powerful new technology promising high productivity, improved quality and lower use of fertilisers, weedicides and pesticides in the last one to two decades," Niti Aayog said. "There is some concern that GM seeds can be monopolised by multinationals, which may then exploit our farmers. But this concern is readily addressed by limiting GM seeds to those varieties discovered by our own institutions and companies," the document said. On the minimum support price (MSP) system, Niti Aayog said the MSP has distorted cropping patterns, with excessive focus on the cultivation of wheat, rice and sugarcane in the procurement states and neglect of other crops such as pulses, oilseed and coarse grains.  Chairman of Rubber Board Ajith Kumar on Thursday met Chief Minister Sarbananda Sonowal and informed him that 58,000 hectares of land in 28 districts are under rubber cultivation and the Board has identified more areas for expanding the rubber farming in the state. Sonowal said the state government is willing to invite tyre manufacturing companies to set up base in the state once production of rubber is increased. Rubber Board chairman requested the Chief Minister for forwarding a proposal to Central government for allocating extra fund under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) for rubber cultivation so that sustainable livelihood for economically weaker families can be generated. The Chief Minister was also informed that the initial 7 to 9 years of gestation period of rubber plantation is highly labour intensive and 46 percent of expenditure of 4.5 lakhs per hectare can be met from MGNREGS.  Jeera futures edged up on NCDEX on rising domestic as well as exports demand at the spot market. Further, tight stocks position following lower supply from the producing belts fuelled the uptrend. The contract for September delivery was trading at Rs 20140.00, up by 1.87% or Rs 370.00 from its previous closing of Rs 19770.00. The open interest of the contract stood at 17424 lots. The contract for October delivery was trading at Rs 20280 .00, up by 1.76% or Rs 350.00 from its previous closing of Rs 19930.00. The open interest of the contract stood at 4341 lots on NCDEX. .  Coriander futures edged higher on NCDEX as speculators built up fresh positions, tracking a firming trend at spot market following improved domestic as well as export demand. Further, tight stocks position on fall in supplies from major producing regions also fuelled the uptrend. The contract for September delivery was trading at Rs 4984.00, up by 3.92% or Rs 188.00 from its previous closing of Rs 4796.00. The open interest of the contract stood at 30700 lots. The contract for October delivery was trading at Rs 5169.00, up by 3.75% or Rs 187.00 from its previous closing of Rs 4982.00. The open interest of the contract stood at 15150 lots on NCDEX.  Soyabean futures traded marginally higher on NCDEX as speculators enlarged their positions as unfavourable weather condition along with lower acreages spurted supply worries. Further, strong demand from domestic oil crusher too added support to soyabean prices. The contract for October delivery was trading at Rs 3269.00, up by 0.86% or Rs 28.00 from its previous closing of Rs 3241.00. The open interest of the contract stood at 55120 lots. The contract for November delivery was trading at Rs 3288.00, up by 0.61% or Rs 20.00 from its previous closing of Rs 3268.00. The open interest of the contract stood at 25070 lots on NCDEX. Commodities In News WEEKLY AGRI COMMODITY REPORT
  • 5. NEWS RECAP COMMODITY HEADLINES  Niti Aayog backs GM seeds, suggests reform in MSP mechanism  58,000 hectares of land in Assam under rubber plantation  Agriculture exports may grow to $100 billion by 2022: Experts  Centre asks states to impose stock limits on onion traders  Import duty norms may benefit edible oil sector  US official to meet Agriculture Minister Radha Mohan Singh as Monsanto battles government  Claims over Rs 7700 cr paid to 90L farmers: Officials to PM  Planters apprehensive about future of Darjeeling tea exports, pin hopes on GI tag  Crop acreage up 3.5% in last phase of kharif planting  Dolomite contaminated water inundation puts tea in Himalayan foothills under crisis  Sugar mills in South demand cut in import duty, North mills oppose move WEEKLY AGRI COMMODITY REPORT
  • 6. WEEKLY AGRI COMMODITY REPORT Spot quotes Commodity Name Location Price Ref Soya Oil Nagpur 671 Ref Soya Oil Mumbai 667.5 Soy Bean Indore 3173 Soy Bean Nagpur 3282.5 Soy Bean Kota 2962.5 Soymeal Indore 26800 Sugar M Grade Kolhapur 3725 Sugar M Grade Kanpur 3846.4 Sugar M Grade Muzaffar Nagar 3745 Sugar M Grade Delhi 3814.05 Sugar M Grade Kolkatta 3942.85 Turmeric Nizamabad 7592.1 Commodity Name Location Price Barley Jaipur 1467.25 Chana Bikaner 7900 Chana Delhi 8111 Chana Indore 7923.35 Coriander Kota 5061.35 Cotton Kadi 20078.75 Guar Gum 5MT Jodhpur 8528.9 GUAR SEED 2 MT Jodhpur 4072.5 Guarseed Bikaner 4032.5 Jeera Unjha 19572.75 Mustard seed Jaipur 3941 Mustard seed Alwar 3922 Ref Soya Oil Indore 659.75
  • 7. Epic Research is one of India’s largest Financial Advisory house. Epic Research is amongst leading and most valuable financial advisory provider companies in the private sector. 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. 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 ex-pressed as a recommendation for which either the site or its owners or anyone can be held responsible. Any surfing and reading of the information is the acceptance of this disclaimer. Investment in equity, futures, Forex and commodity 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. For India: Info@epicresearch.co Address: 411 Milinda Manor(Suites 409-425) 2 RNT Marg. Opp Central Mall Indore (M.P.) +91 -731- 6642300 For United States- HNI& NRI Sales Contact: 2117 Arbor Vista Dr. Charlotte (NC)-Cell: +1 704 249 23 For Australia- HNI & NRI Sales Contact: Mintara Road, Tarneit, Victoria, Post Code 3029 Cell: +61 422 063855 Singapore- www.epicresearch.sg Contact +65-3158-1402 Malaysia-www.epicresearch.myContact +60-3502-19047 WEEKLY AGRI COMMODITY REPORT Lovelesh Sharma Digitally signed by Lovelesh Sharma DN: cn=Lovelesh Sharma c=IN o=Personal Reason: I am the author of this document Location: Date: 2017-08-26 14:39+05:30