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DAILY AGRI COMMODITY REPORT
1 Apr 2015
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Info@epicresearch.co
1
Epic Research India
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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
Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
APR 8976 9288 8438 8493 -5.38 47730
INTRADAY
LEVELS
SUPPORT SUPP.1
8191
SUPP. 2
7890
PIVOT
8740
Dhaniya short term
trend is up, further
more upside is expected
in coming days.RESISTAN
CE
RES. 1
9041
RES. 2
9590
CASTORSEED
APR. 3728 3755 3681 3684 -1.37 82950
INTRADAY
LEVELS
SUPPORT SUPP. 1
3658
SUPP. 2
3633
PIVOT
3707
Castorseed short term
trend is up, Prices
expected to go up in
coming days.RESISTAN
CE
RES. 1
3732
RES. 2
3781
TURMERIC
APR 7578 7658 7524 7572 -0.16 7445
INTRADAY
LEVELS
SUPPORT SUPP. 1
7511
SUPP. 2
7451
PIVOT
7585
Turmeric short term
trend is down and may
continue in coming
days.RESISTAN
CE
RES. 1
7645
RES. 2
7719
GUARGUM
APR. 8470 8580 8390 8460 +0.36 4842
INTRADAY
LEVELS
SUPPORT SUPP. 1
8373
SUPP. 2
8287
PIVOT
8477
Guargum Short term
trend is down,
Expecting price may go
down in coming days.RESISTAN
CE
RES. 1
8563
RES. 2
8667
Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
BARLEY 20-04-2015 1119.50 7.50 0.67%
RAPESEED-MUSTARD
SEED
20-04-2015 3408.00 14.00 0.41%
CHANA 20-04-2015 3608.00 10.00 0.28%
REFINED SOY OIL 20-04-2015 583.20 1.20 0.21%
TURMERIC 20-04-2015 7562.00 4.00 0.05%
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 20-04-2015 8505.00 -471.00 -5.25%
CASTOR SEED NEW 20-04-2015 3704.00 -39.00 -1.04%
V 797 KAPAS 30-04-2015 807.00 -7.00 -0.86%
COTTON SEED OIL CAKE
AKOLA
20-04-2015 1693.00 -13.00 -0.76%
JEERA 20-04-2015 14580.00 -60.00 -0.41%
SOYABEAN 20-04-2015 3440.00 -3.00 -0.09%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3684 3735 -1.37
CHANA 3607 3600 +0.19
CORIANDER 8493 8976 -5.38
GUARGUM 8460 8430 +0.36
JEERA 14550 14690 -0.95
MUSTARD SEED 3408 3396 +0.35
SOYABEAN 3440 3425 +0.44
TURMERIC 7572 7584 -0.23
Commodities In News
4
ECONOMIC NEWS
 India has bought up to 80,000 tonnes of Australian wheat in recent
deals, three trade sources said on Tuesday, the biggest such imports
by the country in five years as unseasonal rains damage the crop at
home.Purchases by the world's No.2 wheat consumer and producer
could buoy benchmark Chicago prices, which rallied more than 6 per
cent in the past two sessions and are currently near a one-week top
amid concerns over dry weather and rising temperatures hurting the
US winter crop.India's flour millers have bought between 70,000 and
80,000 tonnes of Australian prime wheat for April-May shipment at
$260-$265 a tonne, including cost and freight. "They have bought
three cargoes as some mills are taking coverage because of reports of
rain damage," "We don't expect India to buy large volumes as they
have substantially large stocks but there could be some demand for
higher grade wheat." India imported around 200,000 tonnes of wheat
in 2010, US Department of Agriculture data shows, and purchases
since then have been low because of bumper domestic production.
But wheat output and overall crop quality is seen taking a hit this
year following heavy, untimely rain in northern and central grain-
growing parts of India just before the harvest. Traders said the top
high-protein wheat producing states of Madhya Pradesh and
Rajasthan have seen worst damage.While it is too early to estimate
the extent of damage to the wheat crop, winter crops in more than 10
million hectares could be hit, Stocks lying with the state-run Food
Corporation of India totalled 19.52 million tonnes on March 1,
substantially higher than a target of 4 million tonnes. Haryana,
meanwhile, has reduced its wheat procurement target to 65 lakh
tonnes from an earlier 75 lakh tonnes in view of the untimely rain
and hailstorms in March, a spokesman for the food and supplies
department said. State additional chief secretary Dhanpat Singh said
he had received reports of damage to crops in the past 24 hours,
particularly from Sirsa district.
 The key factors that influence Turmeric are the lack of demand for poor
quality stocks and closure of the Erode market, one of the biggest in India. Side
ways trade can be expected for both short term and intra day.The long holidays
at sport markets would affect arrivals as well as buying & selling activity at the
spot markets. However, reports of improved Festive season demand from North
India for good quality stocks could ensure moderate recovery in coming
days.There are also reports of stockists reportedly holding on to the stocks in
anticipation of a recovery in price. Agriculture Department estimates put
turmeric production this year at around 3.7 million bags compared with 5.2
million bags a year ago. Low quality arrivals had kept pressure on prices.
 Chana futures are expected to trade side ways for both short term and intra
day as arrival of new crop in Mandis is expected to pick up slowly in coming
days.As per 2nd Advance Estimates for 2014-15, production of pulses
estimated at 18.43 million tonnes is lower by 1.35 million tonnes than the last
year’s production. Chana production estimated at 8.28 million tons vs 9.53
million tons last year. area cover-age under total Pulses is at 145.92 lakh ha till
Feb 13, while last year’s sowing area coverage was 162.21 lakh ha. Chana has
been sown over 85.91 lakh ha, which is less 15% vs last year’s 102.25 lakh
ha.As per USDA, expected pulses production in US is up by 8% to 2,232,630
MT during 2014 from last year.Reports from Australia indicate a 22.5% fall in
Pulses production and more than 30% fall in Chick Peas production in 2014-15
vs that in 2013-14.
 Coriander futures market prices hit lower circuit of 4 per cent. For several
days the big jump in prices was recorded coriander. The unseasonable rains
have suffered greatly from the coriander crop producing states. The hail and
rain in Rajasthan putting coriander crop quality has deteriorated disease.
Decreases in supply and demand in the domestic market prices of coriander was
a rose. In the futures market today because of rising prices of coriander has seen
profit.NCDEX coriander prices have been trading with 3.35 per cent. April
futures price today coriander fall of Rs 315 to Rs 8661 per quintal level.
5
Fundamental Watch :Chana
CHANA ARRIVALS AT KEY SPOT MARKET
National Market Update
Pulses market noticed range-bound movement. Thin trading activities also witnessed
on financial year ending. Possible Zero Custom Duty on Pulses For Next Six Month.
According to the sources, The Indian government is likely to extend the duty-free
import of pulses, till Sep. 30, 2015.India Summer Pulses 2015-16 Sowing Progress till
Mar. 27. At JNPT port (Mumbai),10 containers of black eye beans,20 containers of
Australia d. chick peas, 66 containers of Canada lentils, 5 containers of green peas, 7
containers of red kidney beans, 103 containers of Russia chick peas, 20 containers of
Tanzania g. gram, 7 containers of Tanzania green mung beans and 52containers of
toor whole arrived on March 30,2015.Following is the state-wise summer pulses
sowing progress till Mar.27: lakh bales last week, which was 0.17 lakh bales previous
to last week.
Myanmar has launched the world’s first 23x7 multi-commodity exchange for
the benefit of entire value-chain participants, including traders, importers,
arbitrageurs and investors. Myanmar International Commodity Exchange Ltd
(MICEx), a Pearl Group initiative, offers trading in varied commodity
contracts across segments,with initial focus on pulses .
CENTER 31-Mar-15 30-Mar-15 Change
ALWAR 1000 500 +500
JHANSI NA 300 -
KOTA 600 600 UNCH
VIJAYAWADA 1500 1500 UNCH
RAIPUR 3000 4000 -1000
SEDAM 200 200 UNCH
SOLAPUR 1000 1500 -500
STATE AREA (IN LAKH HA)
GUJRAT 0.3
KARNATAKA 0.15
WEST BENGAL 0.17
UTTAR PRADESH 0.2
BIHAR 0.53
MADHYA PRADESH 0.05
Technical Outlook
6
BUY DHANIYA APRIL ABOVE 8830 TARGET 8855 8895 SL
BELOW 8805
BUY GUARGUM APRIL ABOVE 8600 TARGET 8650 8710 SL
BELOW 8540
BUY TURMERIC APRIL ABOVE 7660 TARGET 7700 7760 SL
BELOW 7600
SELL CASTORSEED APRIL BELOW 3690 TARGET 3665 3635 SL
ABOVE 3715
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 daily agri report 01 april 2015

  • 1. DAILY AGRI COMMODITY REPORT 1 Apr 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. Market Views 2 MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL DHANIYA APR 8976 9288 8438 8493 -5.38 47730 INTRADAY LEVELS SUPPORT SUPP.1 8191 SUPP. 2 7890 PIVOT 8740 Dhaniya short term trend is up, further more upside is expected in coming days.RESISTAN CE RES. 1 9041 RES. 2 9590 CASTORSEED APR. 3728 3755 3681 3684 -1.37 82950 INTRADAY LEVELS SUPPORT SUPP. 1 3658 SUPP. 2 3633 PIVOT 3707 Castorseed short term trend is up, Prices expected to go up in coming days.RESISTAN CE RES. 1 3732 RES. 2 3781 TURMERIC APR 7578 7658 7524 7572 -0.16 7445 INTRADAY LEVELS SUPPORT SUPP. 1 7511 SUPP. 2 7451 PIVOT 7585 Turmeric short term trend is down and may continue in coming days.RESISTAN CE RES. 1 7645 RES. 2 7719 GUARGUM APR. 8470 8580 8390 8460 +0.36 4842 INTRADAY LEVELS SUPPORT SUPP. 1 8373 SUPP. 2 8287 PIVOT 8477 Guargum Short term trend is down, Expecting price may go down in coming days.RESISTAN CE RES. 1 8563 RES. 2 8667
  • 3. Most Active Contract 3 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % BARLEY 20-04-2015 1119.50 7.50 0.67% RAPESEED-MUSTARD SEED 20-04-2015 3408.00 14.00 0.41% CHANA 20-04-2015 3608.00 10.00 0.28% REFINED SOY OIL 20-04-2015 583.20 1.20 0.21% TURMERIC 20-04-2015 7562.00 4.00 0.05% TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CORIANDER 20-04-2015 8505.00 -471.00 -5.25% CASTOR SEED NEW 20-04-2015 3704.00 -39.00 -1.04% V 797 KAPAS 30-04-2015 807.00 -7.00 -0.86% COTTON SEED OIL CAKE AKOLA 20-04-2015 1693.00 -13.00 -0.76% JEERA 20-04-2015 14580.00 -60.00 -0.41% SOYABEAN 20-04-2015 3440.00 -3.00 -0.09% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 3684 3735 -1.37 CHANA 3607 3600 +0.19 CORIANDER 8493 8976 -5.38 GUARGUM 8460 8430 +0.36 JEERA 14550 14690 -0.95 MUSTARD SEED 3408 3396 +0.35 SOYABEAN 3440 3425 +0.44 TURMERIC 7572 7584 -0.23
  • 4. Commodities In News 4 ECONOMIC NEWS  India has bought up to 80,000 tonnes of Australian wheat in recent deals, three trade sources said on Tuesday, the biggest such imports by the country in five years as unseasonal rains damage the crop at home.Purchases by the world's No.2 wheat consumer and producer could buoy benchmark Chicago prices, which rallied more than 6 per cent in the past two sessions and are currently near a one-week top amid concerns over dry weather and rising temperatures hurting the US winter crop.India's flour millers have bought between 70,000 and 80,000 tonnes of Australian prime wheat for April-May shipment at $260-$265 a tonne, including cost and freight. "They have bought three cargoes as some mills are taking coverage because of reports of rain damage," "We don't expect India to buy large volumes as they have substantially large stocks but there could be some demand for higher grade wheat." India imported around 200,000 tonnes of wheat in 2010, US Department of Agriculture data shows, and purchases since then have been low because of bumper domestic production. But wheat output and overall crop quality is seen taking a hit this year following heavy, untimely rain in northern and central grain- growing parts of India just before the harvest. Traders said the top high-protein wheat producing states of Madhya Pradesh and Rajasthan have seen worst damage.While it is too early to estimate the extent of damage to the wheat crop, winter crops in more than 10 million hectares could be hit, Stocks lying with the state-run Food Corporation of India totalled 19.52 million tonnes on March 1, substantially higher than a target of 4 million tonnes. Haryana, meanwhile, has reduced its wheat procurement target to 65 lakh tonnes from an earlier 75 lakh tonnes in view of the untimely rain and hailstorms in March, a spokesman for the food and supplies department said. State additional chief secretary Dhanpat Singh said he had received reports of damage to crops in the past 24 hours, particularly from Sirsa district.  The key factors that influence Turmeric are the lack of demand for poor quality stocks and closure of the Erode market, one of the biggest in India. Side ways trade can be expected for both short term and intra day.The long holidays at sport markets would affect arrivals as well as buying & selling activity at the spot markets. However, reports of improved Festive season demand from North India for good quality stocks could ensure moderate recovery in coming days.There are also reports of stockists reportedly holding on to the stocks in anticipation of a recovery in price. Agriculture Department estimates put turmeric production this year at around 3.7 million bags compared with 5.2 million bags a year ago. Low quality arrivals had kept pressure on prices.  Chana futures are expected to trade side ways for both short term and intra day as arrival of new crop in Mandis is expected to pick up slowly in coming days.As per 2nd Advance Estimates for 2014-15, production of pulses estimated at 18.43 million tonnes is lower by 1.35 million tonnes than the last year’s production. Chana production estimated at 8.28 million tons vs 9.53 million tons last year. area cover-age under total Pulses is at 145.92 lakh ha till Feb 13, while last year’s sowing area coverage was 162.21 lakh ha. Chana has been sown over 85.91 lakh ha, which is less 15% vs last year’s 102.25 lakh ha.As per USDA, expected pulses production in US is up by 8% to 2,232,630 MT during 2014 from last year.Reports from Australia indicate a 22.5% fall in Pulses production and more than 30% fall in Chick Peas production in 2014-15 vs that in 2013-14.  Coriander futures market prices hit lower circuit of 4 per cent. For several days the big jump in prices was recorded coriander. The unseasonable rains have suffered greatly from the coriander crop producing states. The hail and rain in Rajasthan putting coriander crop quality has deteriorated disease. Decreases in supply and demand in the domestic market prices of coriander was a rose. In the futures market today because of rising prices of coriander has seen profit.NCDEX coriander prices have been trading with 3.35 per cent. April futures price today coriander fall of Rs 315 to Rs 8661 per quintal level.
  • 5. 5 Fundamental Watch :Chana CHANA ARRIVALS AT KEY SPOT MARKET National Market Update Pulses market noticed range-bound movement. Thin trading activities also witnessed on financial year ending. Possible Zero Custom Duty on Pulses For Next Six Month. According to the sources, The Indian government is likely to extend the duty-free import of pulses, till Sep. 30, 2015.India Summer Pulses 2015-16 Sowing Progress till Mar. 27. At JNPT port (Mumbai),10 containers of black eye beans,20 containers of Australia d. chick peas, 66 containers of Canada lentils, 5 containers of green peas, 7 containers of red kidney beans, 103 containers of Russia chick peas, 20 containers of Tanzania g. gram, 7 containers of Tanzania green mung beans and 52containers of toor whole arrived on March 30,2015.Following is the state-wise summer pulses sowing progress till Mar.27: lakh bales last week, which was 0.17 lakh bales previous to last week. Myanmar has launched the world’s first 23x7 multi-commodity exchange for the benefit of entire value-chain participants, including traders, importers, arbitrageurs and investors. Myanmar International Commodity Exchange Ltd (MICEx), a Pearl Group initiative, offers trading in varied commodity contracts across segments,with initial focus on pulses . CENTER 31-Mar-15 30-Mar-15 Change ALWAR 1000 500 +500 JHANSI NA 300 - KOTA 600 600 UNCH VIJAYAWADA 1500 1500 UNCH RAIPUR 3000 4000 -1000 SEDAM 200 200 UNCH SOLAPUR 1000 1500 -500 STATE AREA (IN LAKH HA) GUJRAT 0.3 KARNATAKA 0.15 WEST BENGAL 0.17 UTTAR PRADESH 0.2 BIHAR 0.53 MADHYA PRADESH 0.05
  • 6. Technical Outlook 6 BUY DHANIYA APRIL ABOVE 8830 TARGET 8855 8895 SL BELOW 8805 BUY GUARGUM APRIL ABOVE 8600 TARGET 8650 8710 SL BELOW 8540 BUY TURMERIC APRIL ABOVE 7660 TARGET 7700 7760 SL BELOW 7600 SELL CASTORSEED APRIL BELOW 3690 TARGET 3665 3635 SL ABOVE 3715
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