SlideShare a Scribd company logo
1 of 7
Download to read offline
DAILY AGRI COMMODITY REPORT
07 May 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
Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
MAY 10500 10822 10375 10625 -0.28 20110
INTRADAY
LEVELS
SUPPORT SUPP.1
10393
SUPP. 2
10160
PIVOT
10607
Coriander short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
10840
RES. 2
11054
CASTORSEED
MAY 3785 3785 3652 3722 -1.61 80660
INTRADAY
LEVELS
SUPPORT SUPP. 1
3654
SUPP. 2
3587
PIVOT
3720
Castorseed short term
trend is up and may
continue in coming
days..RESISTAN
CE
RES. 1
3787
RES. 2
3853
TURMERIC
MAY 8420 8440 8150 8312 -1.40 15025
INTRADAY
LEVELS
SUPPORT SUPP. 1
8161
SUPP. 2
8011
PIVOT
8301
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
8451
RES. 2
8591
GUARGUM
MAY 12690 12900 12070 12220 -0.41 15328
INTRADAY
LEVELS
SUPPORT SUPP. 1
11893
SUPP. 2
11567
PIVOT
12397
Guargum short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
12723
RES. 2
13227
Most Active Contract
3
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CHANA 20-05-2015 4481.00 109.00 2.49%
CORIANDER 20-05-2015 10555.00 17.00 0.16%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3722 3783 -1.61
CHANA 4477 4372 +2.4
CORIANDER 10625 10655 -0.28
GUARGUM 12220 12270 -0.41
JEERA 17395 17900 -2.82
MUSTARD SEED 3902 3969 -1.69
SOYABEAN 4211 4232 -0.5
TURMERIC 8312 8430 -1.4
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
JEERA 20-05-2015 17395.00 -380.00 -2.82%
CASTOR SEED NEW 20-05-2015 3717.00 -56.00 -1.48%
RAPESEED-MUSTARD
SEED
20-05-2015 3902.00 -58.00 -1.46%
BARLEY 20-05-2015 1266.00 -18.00 -1.40%
TURMERIC 20-05-2015 8290.00 -90.00 -1.07%
COTTON SEED OIL CAKE
AKOLA
20-05-2015 1845.00 -15.00 -0.81%
REFINED SOY OIL 19-06-2015 598.00 -3.85 -0.64%
SOYABEAN 19-06-2015 4217.00 -15.00 -0.35%
Commodities In News
4
ECONOMIC NEWS
Ram Vilas Paswan, Union food minister, said India has enough
foodgrains to meet requirement of Targeted Public Distribution
System(TPDS). “The Government of India ensures minimum food
reserve in its godowns at any given point of time,” he said in a written
reply in Lok Sabha today.Foodgrain management is an issue if growing
relevance in a country like India.The year 2050 is likely to be critical
for India's food security as a report by ABARES says the country's agri
food demand would soar 136 per cent in by 2050.This signals a
looming food crisis as cultivable land is declining from the current 35
crore hectare across India. Production needs to be augmented and the
government should ensure the efficiency of foddgrain management
system.India's foodgrain management system has always been faulty.
India loses over Rs 48,000 crore due to theft in PDS system The report
said leakages from the PDS are not only huge, they are steadily rising,
from 24% of all grain distributed by the Food Corporation of India
(FCI) in 1999-2000 to a little under 47% (or 26 million tonnes) in 2011-
12.The government's reform measure to restructure and modernize FCI
and streamlining of Targeted Public Distribution System(TPDS) was a
positive response to this crisis.According to Paswan, Stocks equivalent
or more are continuously replenished in FCI godowns on continuous
basis. Stocks are moved from surplus states to deficient States. He said
that FCI has also planned to modernize its existing storage capacity by
construction of modern silos in PPP mode. Steps taken by FCI to
preserve the quality of procured Food grains during Storage are :1.
Before the commencement of Rabi and Kharif Marketing Seasons,
Ministry of Consumer Affairs, Food & Public Distribution, Department
of Food & Public Distribution, Govt. of India issues uniform
specifications for procurement of foodgrains for the Central Pool.
These uniform specifications are circulated to FCI and all State
Govts./Agencies with instructions to ensure that foodgrains are
procured strictly in accordance with the uniform specifications.2.
Foodgrains procured by FCI and State Govts/Agencies are stored in
covered godowns as well as in CAP (cover and plinth).
 Rising domestic demand, falling arrivals, lower production and the recent
adverse report on the Monsoon kept trend up for Chana as it opened at 4%
Upper Circuit and remained there. Import of Pulses touch record high of 4.1
million tons in 2014-15 as adverse Monsoon last year coupled with rising
demand at the lower levels seen last year and crop damage reports from
recent rains in MP and Rajasthan resulted in lower production this year. 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. Urad production expected to shrink by 5% to 16.10 lakh tons
from 17 lakh tons. Moong production to fall to 14 lakh tons from 16.10 lakh
tons.In order to keep prices for Pulses under check, the Govt has decided to
extent duty-free imports till Sept. Unseasonal rain in March brought a heavy
loss to crops of pulses.Indian farmers have cultivated 146 lakh hectares pulse
crops during the rabi season. Out of this chana acreage is near 85 lakh
hectares. Pulses production is estimated to fall to 184.3 lakh tons in 2014-15
due to less acreage. Last year 197.8 lakh tons of pulses were produced in the
country.
 Lower Monsoon reports can have a strong long term Bullish impact on
the prices. Guar being a rain-sensitive crop, adequate amount of rains are
required for the crop. Prospects of lower production this year along with
rising Crude Oil prices, leading to improved export demand could support
price. Due to lower rates, Indian export of Guargum has increased.In the first
11 month of 2014-15, export rose more than 21% to 6.62 lakh tons while in
same period of 2013-14 only 5.45 lakh tons gum was exported.During the
whole financial year 2013-14 around 6.01 lakh ton gum was exported which
was a record till now. Export figure signals that export may touch a level of
7 lakh ton in this financial year.With Guar being used for oil drilling
purpose, export demand from US is expected to rise on recovery in Crude
Oil prices. The govt has scrapped an incentive of 2% given for the exports of
guargum products, guar gum powder, korma and churi in new foreign trade
policy-2014-15 while an incentive of 3% for direct exports of guar seed has
been announced which will accelerate exports of guar seed.
5
Fundamental Watch : Cotton
COTTON ARRIVALS AT KEY SPOT
MARKET
National Market Update
 Cotton Corporation of India (CCI) has invited the bids to sell 90,700 fully pressed
(F.P.) bales of cotton through e-auction today at various centers including Akola,
Aurangabad, Indore, Ahmedabad, Rajkot, Bathinda, Sirsa, Bhilwara, Adilabad,
Warangal, Guntur, Hubli and Rayagada. Major varieties offered were BB, H-4, S-6
and J-34. Despite the lower production world cotton expected to rise in the coming
season i.e. 2015-16 following the higher demand from South Asian countries.
According to ICAC, Cotton exports from India would be around 1.34 million tones
(78.8 lakh bales) in the next season around 27.62% higher when compared to the
export of current season. Cotton Corporation of India (CCI) has decided not to release
the entire cotton stocks immediately in the market, rather it will release in the phases.
Textile industry is constantly demanding CCI to release the stocks so avoid artificial
shortage of cotton. CCI has procured around 86 lakh bales of cotton at MSP this
season, highest procurement since 208-09, which has lifted the cotton prices in the
domestic market which is putting the textile industry in the trouble by making raw
cotton costlier. The government is intended to procure 11 million bales of cotton in the
current season ending in September. An ex-post facto approval by Cabinet Committee
on Economic Affairs has been granted to engage Maharashtra State Co-operative
Cotton Growers Marketing Federation (MSCCGMFL) as a sub agent of CCI to
undertake procurement operations.
 The International Cotton Advisory Committee (ICAC) has revised the world ending
stocks estimates for 2015/16 at 21.23 million tones which was estimated 21.21 million
tones in April 2015/16. On the production side ICAC foresees the production at 23.89
million tones for season 2015/16 which was earlier estimated at 23.99 million tones in
April 2015. Cotton prices in China have been rebounding marginally since mid April,
on better yarn sales of downstream companies. The benchmark cotton contract for
September delivery, which rose 0.22 percent by the end of Tuesday, surged to the
highest of 13,530 yuan/tonne and hit the lowest of 13,355 yuan/tonne during Tuesday
session, recording a fluctuating range of nearly 200 yuan in a day. Around 12% of
cotton planting has been completed in USA as on April 26 this year, which was 8%
last week and 10% last year on same date, according to USDA. The five year average
sowing progress is 16% as on date, same as the current sowing pace.
CENTER 06-May-15 05-May-15 Change
AMRAVATI 400 550 -150
MAHESANA NA NA -
RAJKOT 1410 1250 +160
PATAN 1325 1235 +90
DEESA NA NA -
BHIWANI NA NA -
GONDAL 327 329 -2
Technical Outlook
6
BUY CORIANDER MAY ABOVE 10780 TARGET 10805 10845 SL
BELOW10755
SELL GUARGUM MAY BELOW 12160 TARGET 12110 12050 SL
ABOVE 12220
SELL TURMERIC MAY BELOW 8220 TARGET 8180 8120 SL
ABOVE 8280
SELL CASTORSEED MAY BELOW 3700 TARGET 3675 3645 SL
ABOVE 3725
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.

More Related Content

What's hot

Epic research daily agri report 29th may 2015
Epic research  daily agri report 29th may  2015Epic research  daily agri report 29th may  2015
Epic research daily agri report 29th may 2015Epic Research Limited
 
Epic research daily agri report 28th may 2015
Epic research  daily agri report 28th may  2015Epic research  daily agri report 28th may  2015
Epic research daily agri report 28th may 2015Epic Research Limited
 
Epic research daily agri report 08 jan 2015
Epic research daily agri report  08 jan 2015Epic research daily agri report  08 jan 2015
Epic research daily agri report 08 jan 2015Epic Research Limited
 
13th june (monday),2015 daily exclusive oryza rice e newsletter by riceplus m...
13th june (monday),2015 daily exclusive oryza rice e newsletter by riceplus m...13th june (monday),2015 daily exclusive oryza rice e newsletter by riceplus m...
13th june (monday),2015 daily exclusive oryza rice e newsletter by riceplus m...Riceplus Magazine
 
Epic research daily agri report 04th june 2015
Epic research  daily agri report 04th june  2015Epic research  daily agri report 04th june  2015
Epic research daily agri report 04th june 2015Epic Research Limited
 
Epic research daily agri report 27th may 2015
Epic research  daily agri report 27th may  2015Epic research  daily agri report 27th may  2015
Epic research daily agri report 27th may 2015Epic Research Limited
 
15th may,2015 daily global rice e newsletter by riceplus magazine
15th may,2015 daily global rice e newsletter by riceplus magazine15th may,2015 daily global rice e newsletter by riceplus magazine
15th may,2015 daily global rice e newsletter by riceplus magazineRiceplus Magazine
 
Epic research daily agri report 19th feb 2016
Epic research daily agri report 19th feb 2016Epic research daily agri report 19th feb 2016
Epic research daily agri report 19th feb 2016Epic Research Limited
 
Epic research daily agri report 31st march 2016
Epic research daily agri report 31st march 2016Epic research daily agri report 31st march 2016
Epic research daily agri report 31st march 2016Epic Research
 
Epic research daily agri report 22nd may 2015
Epic research daily agri report 22nd may  2015Epic research daily agri report 22nd may  2015
Epic research daily agri report 22nd may 2015Epic Research Limited
 
Epic research daily agri report 12 jan 2015
Epic research daily agri report  12 jan 2015Epic research daily agri report  12 jan 2015
Epic research daily agri report 12 jan 2015Epic Research Limited
 
Epic research daily agri report 02nd june 2015
Epic research  daily agri report 02nd june  2015Epic research  daily agri report 02nd june  2015
Epic research daily agri report 02nd june 2015Epic Research Limited
 
Oryza news 1st 3rd 4th march 2014
Oryza news  1st 3rd 4th march 2014Oryza news  1st 3rd 4th march 2014
Oryza news 1st 3rd 4th march 2014Riceplus Magazine
 
Epic research daily agri report 19 march 2015
Epic research daily agri report  19 march 2015Epic research daily agri report  19 march 2015
Epic research daily agri report 19 march 2015Epic Research Limited
 
Epic research daily agri report 03 march 2015
Epic research daily agri report  03 march 2015Epic research daily agri report  03 march 2015
Epic research daily agri report 03 march 2015Epic Research Limited
 
Epic research daily agri report 03 feb 2015
Epic research daily agri report  03 feb 2015Epic research daily agri report  03 feb 2015
Epic research daily agri report 03 feb 2015Epic Research Limited
 
Epic research daily agri report 19 jan 2015
Epic research daily agri report  19 jan 2015Epic research daily agri report  19 jan 2015
Epic research daily agri report 19 jan 2015Epic Research Limited
 

What's hot (19)

Epic research daily agri report 29th may 2015
Epic research  daily agri report 29th may  2015Epic research  daily agri report 29th may  2015
Epic research daily agri report 29th may 2015
 
Epic research daily agri report 28th may 2015
Epic research  daily agri report 28th may  2015Epic research  daily agri report 28th may  2015
Epic research daily agri report 28th may 2015
 
Epic research daily agri report 08 jan 2015
Epic research daily agri report  08 jan 2015Epic research daily agri report  08 jan 2015
Epic research daily agri report 08 jan 2015
 
13th june (monday),2015 daily exclusive oryza rice e newsletter by riceplus m...
13th june (monday),2015 daily exclusive oryza rice e newsletter by riceplus m...13th june (monday),2015 daily exclusive oryza rice e newsletter by riceplus m...
13th june (monday),2015 daily exclusive oryza rice e newsletter by riceplus m...
 
Epic research daily agri report 04th june 2015
Epic research  daily agri report 04th june  2015Epic research  daily agri report 04th june  2015
Epic research daily agri report 04th june 2015
 
Epic research daily agri report 27th may 2015
Epic research  daily agri report 27th may  2015Epic research  daily agri report 27th may  2015
Epic research daily agri report 27th may 2015
 
15th may,2015 daily global rice e newsletter by riceplus magazine
15th may,2015 daily global rice e newsletter by riceplus magazine15th may,2015 daily global rice e newsletter by riceplus magazine
15th may,2015 daily global rice e newsletter by riceplus magazine
 
Soybean update sep2016
Soybean update sep2016Soybean update sep2016
Soybean update sep2016
 
Epic research daily agri report 19th feb 2016
Epic research daily agri report 19th feb 2016Epic research daily agri report 19th feb 2016
Epic research daily agri report 19th feb 2016
 
Epic research daily agri report 31st march 2016
Epic research daily agri report 31st march 2016Epic research daily agri report 31st march 2016
Epic research daily agri report 31st march 2016
 
Epic research daily agri report 22nd may 2015
Epic research daily agri report 22nd may  2015Epic research daily agri report 22nd may  2015
Epic research daily agri report 22nd may 2015
 
Epic research daily agri report 12 jan 2015
Epic research daily agri report  12 jan 2015Epic research daily agri report  12 jan 2015
Epic research daily agri report 12 jan 2015
 
Epic research daily agri report 02nd june 2015
Epic research  daily agri report 02nd june  2015Epic research  daily agri report 02nd june  2015
Epic research daily agri report 02nd june 2015
 
Oryza news 1st 3rd 4th march 2014
Oryza news  1st 3rd 4th march 2014Oryza news  1st 3rd 4th march 2014
Oryza news 1st 3rd 4th march 2014
 
Epic research daily agri report 19 march 2015
Epic research daily agri report  19 march 2015Epic research daily agri report  19 march 2015
Epic research daily agri report 19 march 2015
 
Epic research daily agri report 03 march 2015
Epic research daily agri report  03 march 2015Epic research daily agri report  03 march 2015
Epic research daily agri report 03 march 2015
 
17 feb 2014 oryza
17 feb 2014 oryza17 feb 2014 oryza
17 feb 2014 oryza
 
Epic research daily agri report 03 feb 2015
Epic research daily agri report  03 feb 2015Epic research daily agri report  03 feb 2015
Epic research daily agri report 03 feb 2015
 
Epic research daily agri report 19 jan 2015
Epic research daily agri report  19 jan 2015Epic research daily agri report  19 jan 2015
Epic research daily agri report 19 jan 2015
 

Similar to Epic research daily agri report 07th may 2015

Epic research daily agri report 7 july 2015
Epic research daily agri report 7 july 2015Epic research daily agri report 7 july 2015
Epic research daily agri report 7 july 2015Epic Research Limited
 
Epic research daily agri report 19th may 2015
Epic research daily agri report 19th may  2015Epic research daily agri report 19th may  2015
Epic research daily agri report 19th may 2015Epic Research Limited
 
Epic research daily agri report 03 nov 2015
Epic research daily agri report 03 nov 2015Epic research daily agri report 03 nov 2015
Epic research daily agri report 03 nov 2015Epic Research Limited
 
Epic research daily agri report 09th june 2015
Epic research  daily agri report 09th june  2015Epic research  daily agri report 09th june  2015
Epic research daily agri report 09th june 2015Epic Research Limited
 
Epic research daily agri report 18th june 2015
Epic research  daily agri report 18th june  2015Epic research  daily agri report 18th june  2015
Epic research daily agri report 18th june 2015Epic Research Limited
 
Epic research daily agri report 10th june 2015
Epic research  daily agri report 10th june  2015Epic research  daily agri report 10th june  2015
Epic research daily agri report 10th june 2015Epic Research Limited
 
Epic research daily agri report 11th may 2016
Epic research daily agri report 11th may 2016Epic research daily agri report 11th may 2016
Epic research daily agri report 11th may 2016Epic Research
 
Epic research daily agri report 20th may 2015
Epic research daily agri report 20th may  2015Epic research daily agri report 20th may  2015
Epic research daily agri report 20th may 2015Epic Research Limited
 
Epic research daily agri report 09 oct 2015
Epic research daily agri report 09 oct 2015Epic research daily agri report 09 oct 2015
Epic research daily agri report 09 oct 2015Epic Research Limited
 
Epic research daily agri report 24 july 2015
Epic research  daily agri report 24 july  2015Epic research  daily agri report 24 july  2015
Epic research daily agri report 24 july 2015Epic Research Limited
 
Epic research daily agri report 22 jan 2016
Epic research daily agri report 22 jan 2016Epic research daily agri report 22 jan 2016
Epic research daily agri report 22 jan 2016Epic Research Limited
 
Epic research daily agri report 19 jan 2015
Epic research daily agri report  19 jan 2015Epic research daily agri report  19 jan 2015
Epic research daily agri report 19 jan 2015Epic Research Limited
 
Epic research daily agri report 21 april 2015
Epic research daily agri report  21 april 2015Epic research daily agri report  21 april 2015
Epic research daily agri report 21 april 2015Epic Research Limited
 
Epic research daily agri report 30 april 2015
Epic research daily agri report  30 april 2015Epic research daily agri report  30 april 2015
Epic research daily agri report 30 april 2015Epic Research Limited
 
Epic research daily agri report 08th june 2015
Epic research  daily agri report 08th june  2015Epic research  daily agri report 08th june  2015
Epic research daily agri report 08th june 2015Epic Research Limited
 
Epic research daily agri report 13th april 2016
Epic research daily agri report 13th april 2016Epic research daily agri report 13th april 2016
Epic research daily agri report 13th april 2016Epic Research
 
Epic research daily agri report 05th may 2015
Epic research daily agri report  05th may  2015Epic research daily agri report  05th may  2015
Epic research daily agri report 05th may 2015Epic Research Limited
 
Epic research daily agri report 14 jan 2016
Epic research daily agri report 14 jan 2016Epic research daily agri report 14 jan 2016
Epic research daily agri report 14 jan 2016Epic Research Limited
 
Epic research daily agri report 23 nov 2015
Epic research daily agri report 23 nov 2015Epic research daily agri report 23 nov 2015
Epic research daily agri report 23 nov 2015Epic Research Limited
 
Epic research daily agri report 16 dec 2015
Epic research daily agri report 16 dec 2015Epic research daily agri report 16 dec 2015
Epic research daily agri report 16 dec 2015Epic Research Limited
 

Similar to Epic research daily agri report 07th may 2015 (20)

Epic research daily agri report 7 july 2015
Epic research daily agri report 7 july 2015Epic research daily agri report 7 july 2015
Epic research daily agri report 7 july 2015
 
Epic research daily agri report 19th may 2015
Epic research daily agri report 19th may  2015Epic research daily agri report 19th may  2015
Epic research daily agri report 19th may 2015
 
Epic research daily agri report 03 nov 2015
Epic research daily agri report 03 nov 2015Epic research daily agri report 03 nov 2015
Epic research daily agri report 03 nov 2015
 
Epic research daily agri report 09th june 2015
Epic research  daily agri report 09th june  2015Epic research  daily agri report 09th june  2015
Epic research daily agri report 09th june 2015
 
Epic research daily agri report 18th june 2015
Epic research  daily agri report 18th june  2015Epic research  daily agri report 18th june  2015
Epic research daily agri report 18th june 2015
 
Epic research daily agri report 10th june 2015
Epic research  daily agri report 10th june  2015Epic research  daily agri report 10th june  2015
Epic research daily agri report 10th june 2015
 
Epic research daily agri report 11th may 2016
Epic research daily agri report 11th may 2016Epic research daily agri report 11th may 2016
Epic research daily agri report 11th may 2016
 
Epic research daily agri report 20th may 2015
Epic research daily agri report 20th may  2015Epic research daily agri report 20th may  2015
Epic research daily agri report 20th may 2015
 
Epic research daily agri report 09 oct 2015
Epic research daily agri report 09 oct 2015Epic research daily agri report 09 oct 2015
Epic research daily agri report 09 oct 2015
 
Epic research daily agri report 24 july 2015
Epic research  daily agri report 24 july  2015Epic research  daily agri report 24 july  2015
Epic research daily agri report 24 july 2015
 
Epic research daily agri report 22 jan 2016
Epic research daily agri report 22 jan 2016Epic research daily agri report 22 jan 2016
Epic research daily agri report 22 jan 2016
 
Epic research daily agri report 19 jan 2015
Epic research daily agri report  19 jan 2015Epic research daily agri report  19 jan 2015
Epic research daily agri report 19 jan 2015
 
Epic research daily agri report 21 april 2015
Epic research daily agri report  21 april 2015Epic research daily agri report  21 april 2015
Epic research daily agri report 21 april 2015
 
Epic research daily agri report 30 april 2015
Epic research daily agri report  30 april 2015Epic research daily agri report  30 april 2015
Epic research daily agri report 30 april 2015
 
Epic research daily agri report 08th june 2015
Epic research  daily agri report 08th june  2015Epic research  daily agri report 08th june  2015
Epic research daily agri report 08th june 2015
 
Epic research daily agri report 13th april 2016
Epic research daily agri report 13th april 2016Epic research daily agri report 13th april 2016
Epic research daily agri report 13th april 2016
 
Epic research daily agri report 05th may 2015
Epic research daily agri report  05th may  2015Epic research daily agri report  05th may  2015
Epic research daily agri report 05th may 2015
 
Epic research daily agri report 14 jan 2016
Epic research daily agri report 14 jan 2016Epic research daily agri report 14 jan 2016
Epic research daily agri report 14 jan 2016
 
Epic research daily agri report 23 nov 2015
Epic research daily agri report 23 nov 2015Epic research daily agri report 23 nov 2015
Epic research daily agri report 23 nov 2015
 
Epic research daily agri report 16 dec 2015
Epic research daily agri report 16 dec 2015Epic research daily agri report 16 dec 2015
Epic research daily agri report 16 dec 2015
 

Recently uploaded

Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfrichard876048
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailAriel592675
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy Verified Accounts
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfpollardmorgan
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMintel Group
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menzaictsugar
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024christinemoorman
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607dollysharma2066
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxMarkAnthonyAurellano
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?Olivia Kresic
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Seta Wicaksana
 
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadIslamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadAyesha Khan
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...lizamodels9
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessSeta Wicaksana
 
Future Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionFuture Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionMintel Group
 
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfAPRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfRbc Rbcua
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckHajeJanKamps
 

Recently uploaded (20)

Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdf
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detail
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail Accounts
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
 
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadIslamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
 
Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
 
Future Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionFuture Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted Version
 
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfAPRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdf
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
 

Epic research daily agri report 07th may 2015

  • 1. DAILY AGRI COMMODITY REPORT 07 May 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 CORIANDER MAY 10500 10822 10375 10625 -0.28 20110 INTRADAY LEVELS SUPPORT SUPP.1 10393 SUPP. 2 10160 PIVOT 10607 Coriander short term trend is up and may continue in coming days.RESISTAN CE RES. 1 10840 RES. 2 11054 CASTORSEED MAY 3785 3785 3652 3722 -1.61 80660 INTRADAY LEVELS SUPPORT SUPP. 1 3654 SUPP. 2 3587 PIVOT 3720 Castorseed short term trend is up and may continue in coming days..RESISTAN CE RES. 1 3787 RES. 2 3853 TURMERIC MAY 8420 8440 8150 8312 -1.40 15025 INTRADAY LEVELS SUPPORT SUPP. 1 8161 SUPP. 2 8011 PIVOT 8301 Turmeric short term trend is up and may continue in coming days.RESISTAN CE RES. 1 8451 RES. 2 8591 GUARGUM MAY 12690 12900 12070 12220 -0.41 15328 INTRADAY LEVELS SUPPORT SUPP. 1 11893 SUPP. 2 11567 PIVOT 12397 Guargum short term trend is up and may continue in coming days.RESISTAN CE RES. 1 12723 RES. 2 13227
  • 3. Most Active Contract 3 TOP GAINERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % CHANA 20-05-2015 4481.00 109.00 2.49% CORIANDER 20-05-2015 10555.00 17.00 0.16% NCDEX INDICES Index Value Pre. Close % Change CASTORSEED 3722 3783 -1.61 CHANA 4477 4372 +2.4 CORIANDER 10625 10655 -0.28 GUARGUM 12220 12270 -0.41 JEERA 17395 17900 -2.82 MUSTARD SEED 3902 3969 -1.69 SOYABEAN 4211 4232 -0.5 TURMERIC 8312 8430 -1.4 TOP LOSERS SYMBOL EXPIRY DATE CURRENT PRICE CHANGE CHANGE % JEERA 20-05-2015 17395.00 -380.00 -2.82% CASTOR SEED NEW 20-05-2015 3717.00 -56.00 -1.48% RAPESEED-MUSTARD SEED 20-05-2015 3902.00 -58.00 -1.46% BARLEY 20-05-2015 1266.00 -18.00 -1.40% TURMERIC 20-05-2015 8290.00 -90.00 -1.07% COTTON SEED OIL CAKE AKOLA 20-05-2015 1845.00 -15.00 -0.81% REFINED SOY OIL 19-06-2015 598.00 -3.85 -0.64% SOYABEAN 19-06-2015 4217.00 -15.00 -0.35%
  • 4. Commodities In News 4 ECONOMIC NEWS Ram Vilas Paswan, Union food minister, said India has enough foodgrains to meet requirement of Targeted Public Distribution System(TPDS). “The Government of India ensures minimum food reserve in its godowns at any given point of time,” he said in a written reply in Lok Sabha today.Foodgrain management is an issue if growing relevance in a country like India.The year 2050 is likely to be critical for India's food security as a report by ABARES says the country's agri food demand would soar 136 per cent in by 2050.This signals a looming food crisis as cultivable land is declining from the current 35 crore hectare across India. Production needs to be augmented and the government should ensure the efficiency of foddgrain management system.India's foodgrain management system has always been faulty. India loses over Rs 48,000 crore due to theft in PDS system The report said leakages from the PDS are not only huge, they are steadily rising, from 24% of all grain distributed by the Food Corporation of India (FCI) in 1999-2000 to a little under 47% (or 26 million tonnes) in 2011- 12.The government's reform measure to restructure and modernize FCI and streamlining of Targeted Public Distribution System(TPDS) was a positive response to this crisis.According to Paswan, Stocks equivalent or more are continuously replenished in FCI godowns on continuous basis. Stocks are moved from surplus states to deficient States. He said that FCI has also planned to modernize its existing storage capacity by construction of modern silos in PPP mode. Steps taken by FCI to preserve the quality of procured Food grains during Storage are :1. Before the commencement of Rabi and Kharif Marketing Seasons, Ministry of Consumer Affairs, Food & Public Distribution, Department of Food & Public Distribution, Govt. of India issues uniform specifications for procurement of foodgrains for the Central Pool. These uniform specifications are circulated to FCI and all State Govts./Agencies with instructions to ensure that foodgrains are procured strictly in accordance with the uniform specifications.2. Foodgrains procured by FCI and State Govts/Agencies are stored in covered godowns as well as in CAP (cover and plinth).  Rising domestic demand, falling arrivals, lower production and the recent adverse report on the Monsoon kept trend up for Chana as it opened at 4% Upper Circuit and remained there. Import of Pulses touch record high of 4.1 million tons in 2014-15 as adverse Monsoon last year coupled with rising demand at the lower levels seen last year and crop damage reports from recent rains in MP and Rajasthan resulted in lower production this year. 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. Urad production expected to shrink by 5% to 16.10 lakh tons from 17 lakh tons. Moong production to fall to 14 lakh tons from 16.10 lakh tons.In order to keep prices for Pulses under check, the Govt has decided to extent duty-free imports till Sept. Unseasonal rain in March brought a heavy loss to crops of pulses.Indian farmers have cultivated 146 lakh hectares pulse crops during the rabi season. Out of this chana acreage is near 85 lakh hectares. Pulses production is estimated to fall to 184.3 lakh tons in 2014-15 due to less acreage. Last year 197.8 lakh tons of pulses were produced in the country.  Lower Monsoon reports can have a strong long term Bullish impact on the prices. Guar being a rain-sensitive crop, adequate amount of rains are required for the crop. Prospects of lower production this year along with rising Crude Oil prices, leading to improved export demand could support price. Due to lower rates, Indian export of Guargum has increased.In the first 11 month of 2014-15, export rose more than 21% to 6.62 lakh tons while in same period of 2013-14 only 5.45 lakh tons gum was exported.During the whole financial year 2013-14 around 6.01 lakh ton gum was exported which was a record till now. Export figure signals that export may touch a level of 7 lakh ton in this financial year.With Guar being used for oil drilling purpose, export demand from US is expected to rise on recovery in Crude Oil prices. The govt has scrapped an incentive of 2% given for the exports of guargum products, guar gum powder, korma and churi in new foreign trade policy-2014-15 while an incentive of 3% for direct exports of guar seed has been announced which will accelerate exports of guar seed.
  • 5. 5 Fundamental Watch : Cotton COTTON ARRIVALS AT KEY SPOT MARKET National Market Update  Cotton Corporation of India (CCI) has invited the bids to sell 90,700 fully pressed (F.P.) bales of cotton through e-auction today at various centers including Akola, Aurangabad, Indore, Ahmedabad, Rajkot, Bathinda, Sirsa, Bhilwara, Adilabad, Warangal, Guntur, Hubli and Rayagada. Major varieties offered were BB, H-4, S-6 and J-34. Despite the lower production world cotton expected to rise in the coming season i.e. 2015-16 following the higher demand from South Asian countries. According to ICAC, Cotton exports from India would be around 1.34 million tones (78.8 lakh bales) in the next season around 27.62% higher when compared to the export of current season. Cotton Corporation of India (CCI) has decided not to release the entire cotton stocks immediately in the market, rather it will release in the phases. Textile industry is constantly demanding CCI to release the stocks so avoid artificial shortage of cotton. CCI has procured around 86 lakh bales of cotton at MSP this season, highest procurement since 208-09, which has lifted the cotton prices in the domestic market which is putting the textile industry in the trouble by making raw cotton costlier. The government is intended to procure 11 million bales of cotton in the current season ending in September. An ex-post facto approval by Cabinet Committee on Economic Affairs has been granted to engage Maharashtra State Co-operative Cotton Growers Marketing Federation (MSCCGMFL) as a sub agent of CCI to undertake procurement operations.  The International Cotton Advisory Committee (ICAC) has revised the world ending stocks estimates for 2015/16 at 21.23 million tones which was estimated 21.21 million tones in April 2015/16. On the production side ICAC foresees the production at 23.89 million tones for season 2015/16 which was earlier estimated at 23.99 million tones in April 2015. Cotton prices in China have been rebounding marginally since mid April, on better yarn sales of downstream companies. The benchmark cotton contract for September delivery, which rose 0.22 percent by the end of Tuesday, surged to the highest of 13,530 yuan/tonne and hit the lowest of 13,355 yuan/tonne during Tuesday session, recording a fluctuating range of nearly 200 yuan in a day. Around 12% of cotton planting has been completed in USA as on April 26 this year, which was 8% last week and 10% last year on same date, according to USDA. The five year average sowing progress is 16% as on date, same as the current sowing pace. CENTER 06-May-15 05-May-15 Change AMRAVATI 400 550 -150 MAHESANA NA NA - RAJKOT 1410 1250 +160 PATAN 1325 1235 +90 DEESA NA NA - BHIWANI NA NA - GONDAL 327 329 -2
  • 6. Technical Outlook 6 BUY CORIANDER MAY ABOVE 10780 TARGET 10805 10845 SL BELOW10755 SELL GUARGUM MAY BELOW 12160 TARGET 12110 12050 SL ABOVE 12220 SELL TURMERIC MAY BELOW 8220 TARGET 8180 8120 SL ABOVE 8280 SELL CASTORSEED MAY BELOW 3700 TARGET 3675 3645 SL ABOVE 3725
  • 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.