DAILY AGRI COMMODITY REPORT
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Epic Research Daily Agri Report 01st March 2016

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Epic research daily agri report 01st march 2016 7307214

DAILY AGRI COMMODITY REPORT

01 March 2016

Our Presence

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1

YOUR MINTVISORY

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Call us at +91

Call us at +91- -7 731

31- -6642300

6642300


Epic research daily agri report 01st march 2016 7307214

Market Views

MONTH

OPEN

HIGH

LOW

CLOSE

% CHG

VOL

MONTH

OPEN

HIGH

LOW

CLOSE

% CHG

VOL

CORIANDER

CASTORSEED

APR

6400

6476

6308

6360

+0.03

5290

-

-

-

-

-

-

-

SUPPORT

SUPP.1

SUPP. 2

SUPPORT

SUPP. 1

SUPP. 2

6287

6213

-

-

Coriander short term

trend is bearish and May

continue in coming

days.

PIVOT

PIVOT

INTRADAY

LEVELS

INTRADAY

LEVELS

-

6381

-

RES. 1

RES. 1

RES. 2

RES. 2

RESISTAN

CE

RESISTAN

CE

6549

-

6455

-

TURMERIC

GUARGUM

APR

8700

8710

8590

8688

-0.28

6595

MAR

5600

5610

5380

5400

-3.40

14913

SUPPORT

SUPP. 1

SUPP. 2

SUPPORT

SUPP. 1

SUPP. 2

8615

8543

5317

5233

Turmeric short term

trend is bearish and

May continue in

coming days.

Guargum short term

trend is bullish and

May continue in

coming days.

PIVOT

PIVOT

INTRADAY

LEVELS

INTRADAY

LEVELS

8663

5463

RES. 1

RES. 1

RES. 2

RES. 2

RESISTAN

CE

RESISTAN

CE

8783

8735

5547

5693

2


Epic research daily agri report 01st march 2016 7307214

Most Active Contract

NCDEX INDICES

TOP LOSERS

Pre.

Close

%

Index

Value

Change

CURRENT

PRICE

CHANGE

%

SYMBOL

EXPIRY DATE

CHANGE

CASTORSEED

-

-

-

JEERA

18-03-2016

13925.00

-275.00

-1.94%

RAPESEED-MUSTARD

SEED

CHANA

-2.02

4172

4258

20-04-2016

3878.00

-56.00

-1.42%

SOYABEAN

18-03-2016

3653.00

-30.00

-0.81%

CORIANDER

+0.03

6360

6358

TURMERIC

20-04-2016

8688.00

-36.00

-0.41%

GUARGUM

-3.40

5400

5590

BARLEY

20-04-2016

1397.50

-5.50

-0.39%

JEERA

-1.62

13925

14155

CHANA

20-04-2016

4172.00

-14.00

-0.33%

MUSTARD

SEED

-1.60

3878

3941

TOP GAINERS

CURRENT

PRICE

SOYABEAN

-1.70

3653

3716

SYMBOL

EXPIRY DATE

CHANGE

CHANGE %

TURMERIC

-0.28

8688

8712

CORIANDER

20-04-2016

6360.00

127.00

2.04%

3


Epic research daily agri report 01st march 2016 7307214

Commodities In News

ECONOMIC NEWS

Ref Soya oil settled up due to lower level buying and steady demand

by the stockists. India's export of oilmeals during January 2016 is

reported ever lowest at 17,243 tons, down 91% as compared to 185,654

tons in the same month of previous year, according to data compiled by

Solvent Extractors' Association (SEA). The overall export of oilmeals

during April 2015 to January 2016 is more than halved to 1,005,085

tons.India exported 2,047,937 tons of oilmeal during the same period of

last year and 3,646,095 tons in 2013-14. Soymeal exports touched an

all time low of 7,707 tonnes in January this year, due to higher bean

prices in the domestic market. The export during April-January period

of the current fiscal declined by 87 per cent to 69,266 tonnes compared

to 5.35 lakh tonnes in the same period of previous year. As per latest

SEA data, edible oils import rose to 14.07 lt in December last year

from 11.23 lt in December 2014.However, imports of non-edible oils

fell to 11,467 tonnes from 17,996 tonnes in the year-ago period. The oil

industry has asked government to increase the duty to 45% from the

current 12.5% to give support to indigenous industry.

With a special focus on agriculture, Finance Minister Arun Jaitley in his

Budget 2016 speech highlighted the various measures that the Modi

government plans to take for the sector. "Special focus has been given on

timely credit to farmers," Jaitley said."Rs 35,984 crore allocated for

agriculture in 2016-17. We are targeting Rs 8.5 lakh crore of agricultural

credit in 2015-2016 and Rs 9 lakh crore in 2016-17," he said."A unified

agriculture platform will be dedicated to the nation on the birth anniversary

of BR Ambedkar," Jaitley announced. "Soil health card scheme will be

implemented with greater vigour, all 14,000 crore farms will be included

under it by 2017," Jaitley added.Jaitley started his speech by stressing on

Indian economy's resilience amidst the current global economic turmoil.

"Global economy is in a serious crisis. Financial markets have been

battered but Indian economy has held its ground firmly.""IMF has hailed

India as a bright spot. Let us look at our achievements compared to the last

three years of the last government. We inherited an economy with low

growth and high inflation," Jaitley said."We have bridged the trust deficit

created by the previous government," Jaitley added.From focus on

agriculture to tax and financial sector reforms, Jaitley outlined nine pillars

to transform India: Agriculture and farmer welfare with an aim to double

farmers' income in the next five years; Rural sector; Social sector including

healthcare; Educational skills and job creation to make India a knowledge

based and productive economy; Infrastructure investment to enhance

quality of life; Financial sector reforms;Governance reforms and ease of

doing business; Prudent management of government finances and Tax

reforms to reduce compliance burden.As the Union budget has proposed to

spend Rs 86,500 crore on 89 irrigation projects in next five years, activists

have cautioned the government to prioratise only such projects, on which, a

large portion of the project cost has already been spent and instead

prioritise the small scale irrigation projects.Parineeta Dandekar, Associate

Coordinator, South Asia Network on Dams, Rivers and People said,

"Recent large irrigation projects, especially in Maharashtra and Andhra

Pradesh have been resounding and costly failure.

Turmeric settled down on improved arrivals of medium quality

turmeric. New Turmeric supply reported in the domestic market

pressurizes the prices at higher levels. In Nizamabad indicative market,

supply reported last week ending 53000 bags as compared to previous

week 49000 bags. In Sangli market reported 37050 bags, in Erode

market reported 16900 bags, in Duggirala market reported 1634 qtls

etc. There are reports of production concern due to drought in

Maharashtra and Andhra Pradesh.There is concern over production due

to heavy rains during Nov-Dec in south India. Deficient rainfall in

during early part of sowing in major Turmeric growing regions of

Maharashtra and Karnataka may reduce the yield. As per dept of

commerce data, turmeric exports until Nov 2015 pegged at 50,916

tonnes while the export for the 2014-15 is 90,738 tonnes compared to

78,360 tonnes in FY14. As on latest sowing data, turmeric sowing In

AP, Telangana is lower than the normal sowing area. The traders are

keen in buying the quality turmeric.

4


Epic research daily agri report 01st march 2016 7307214

Fundamental Watch : Chana

National Market Update

CHANA PRICES AT KEY SPOT MARKET

Tur prices have shown some firmness due to lower arrivals in the mandis

and increase in CnF prices of Burmese tur. Arrivals are lower in the mandis as

farmers are holding their crop in expectation of higher price in the future. At

present arrivals in Amravati mandi is in the range of 3000-4000 bags per day

with price range of Rs 8000-8500 per bag.

CENTER

29-Feb-15

28-Jan-15

Change

AHMEDNAGAR

4300

4300

UNCH

Department of Agriculture has revised down Tur production estimate to 2.55

MMT from targeted estimate of 3.67 MMT. Despite higher coverage area, tur

production has been lowered down due to lower yield expectation.Tur

production estimate is around 2.49 MMT.

ALWAR

NA

4100

-

According to the Second Advance Estimate by Government, Gram

production estimate has been revised down to 8.09 MMT from targeted

estimate of 9.50 MMT. Gram production estimate has been lowered due to

lower area coverage against higher coverage expectation .AW estimate is

around 7.89 MMT, even lower by 0.20 thousand tonne from government

current estimate.

GWALIOR

4350

4350

UNCH

JAIPUR

4550

4500

+50

According to the latest inflation update released by Government of India,

Pulses Monthly Wholesale Price Index for the month of January is 370.1

which are around 2.1 % lower than the month of December. In month of

December Wholesale Price Index was 378.2.

KANPUR

4925

4850

+75

NAGPUR

4100

4100

UNCH

VIJAYWADA

4770

4800

-30

5


Epic research daily agri report 01st march 2016 7307214

Technical Outlook

BUY GUARGUM MAR ABOVE 5440 TARGET 5490 5560 SL

BELOW 5380

SELL CORIANDER APR BELOW 6360 TARGET 6315 6165 SL

ABOVE 6425

SELL TURMERIC APRIL BELOW 8660 TARGET 8616 8556 SL

ABOVE 8720

6


Epic research daily agri report 01st march 2016 7307214

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