Weekly agri report 08 feb 2016

1. WEEKLY AGRI COMMODITY REPORT 08 FEBRUARY 2016 Our Presence HNI & NRI Sales Contact Australia Toll Free Number 1-800-200-9454 All queries should be directed to Info@epicresearch.co 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 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 1 YOUR MINTVISORY YOUR MINTVISORY Call us at +91 Call us at +91- -7 731 31- -6642300 6642300

2. Weekly Wrap Up MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL CORIANDER CASTORSEED APR - - - - - - 6205 6430 6150 6270 +0.56 35080 - SUPPORT SUPPORT SUPP. 1 SUPP. 2 SUPP.1 SUPP. 2 - - 6137 6003 Coriander short term trend is bullish and may continue in coming days. PIVOT PIVOT INTRADAY LEVELS INTRADAY LEVELS - - 6283 RES. 1 RES. 2 RES. 1 RES. 2 RESISTAN CE RESISTAN CE - - 6563 6417 TURMERIC GUARGUM APR FEB 8198 8684 8190 8560 +4.39 57945 5700 5760 5480 5690 -0.70 53480 SUPPORT SUPPORT SUPP. 1 SUPP. 2 SUPP. 1 SUPP. 2 8272 7984 5707 5453 Turmeric short term trend is bullish and may continue in coming days. Guargum Short term trend is bullish and may continue in coming days. PIVOT PIVOT INTRADAY LEVELS INTRADAY LEVELS 8478 5733 RES. 1 RES. 1 RES. 2 RES. 2 RESISTAN CE RESISTAN CE 8972 8766 5987 6013 2

3. Weekly Recommendations BUY CORIANDER APRIL ABOVE 6430 TARGET 6630 6900 SL BELOW 6210 SELL CORIANDER APRIL BELOW 6150 TARGET 5950 5680 SL ABOVE 6300 BUY GUARGUM MAR ABOVE 5770 TARGET 5950 6150 SL BELOW 5570 SELL GUARGUM MAR BELOW 5600 TARGET 5420 5220 SL ABOVE 5800 3

4. Commodities In News ECONOMIC NEWS Chana settled down as anticipation of higher supplies from new season crop and favorable climate across chana growing states-Rajasthan and Madhya Pradesh weighed on prices. The sources stated that spot markets panicked due to continuous raids of government against pulses hoarders. This has added a negative sentiment in futures market and also reduced the miller’s offtake in local mandies.However, the chana arrivals were also reported lower at 20 motors today against 30 motors of previous year. were also stabilised This year chana is sown in 85.48 lakh hectares (lh), compared with 85.74 lh last year, as per data release by Agriculture Ministry on Jan 22. This year area under chana is lower than the average and normal area shown in the country.The acreage under chana reported higher in Maharashtra (15.03 lh Vs 12.79 lh), Andhra Pradesh (3.32 lh Vs 2.67 lh) and Karnataka compared to last year’s acreage but slightly lower in Rajasthan (12.35 lh Vs 12.56 lh) and MP as per data released by respective state agriculture department. Ruing that despite advancements Indian agriculture is yet to be completely out of the "clutches of weather", President Pranab Mukherjee expressed "grave concern" over likely decline in farm output for the second-straight year due to deficient rains.With majority of the cultivatable area under severe climatic conditions like drought, floods and cyclones, he called for serious efforts to overcome the challenge and make Indian agriculture sector resilient to weather fluctuations.President asked the Indian Agriculture Research Institute (IARI) to develop climate resilient technological solutions by leveraging opportunities from frontier science like biotechnology and nano-technology. Mukherjee also spoke about import dependence on pulses and edible oils.Addressing the 54th convocation of IARI, he said: "Despite the advancements made, Indian agriculture is yet to be completely get out of the clutches of weather."President also pointed out that the country's foodgrain production fell to 253 million tonnes in 2014-15 crop year (July-June) from a record 265 million tonnes in 2013-14 on account of 12 per cent deficit in rainfall."Nature has not been kind to us this year as well. A deficient monsoon followed by a further dry spell is likely to affect agricultural production for the second year in a row. This is an area of grave concern."The time is ripe for some serious efforts as 80 per cent of the area under cultivation in India is in the grip of severe climatic conditions like drought, floods and cyclones," he said.Stating that global climate change could aggravate these problems, Mukherjee said the IARI must leverage opportunities from frontier sciences such as biotechnology, synthetic biology, nano-technology, computational biology, sensor technology and geo-spatial technology to develop solutions."Innovation in agricultural techniques and practices must be supported through infusion of funds, mentoring of ideas, and technical assistance. The risk-taking ability of farmers must be boosted. The newly- launched crop insurance scheme will leverage technology to provide risk cover to the farmers," he said. Soyabean settled down on account of lower demand for soybean crush by oil mills. United States Department of Agriculture (USDA) trimmed 2015- 16 United States soybean production forecast and also cut its forecast for ending stockpiles, the department said in its World Agriculture Supply and Demand Estimates report. USDA maintain US, the world's biggest bean grower, 2015-16 production estimates to 107 million tons compared to 108.4 in the previous month estimates and 106.9 million tons a year ago.The cancelled orders came at a time when world buyers begin to shift soybean purchases from the US to South America, where newly harvested soybean crops are supplying the global market. Better weather in Brazil also weighed on prices. A drier weather forecast in Brazil will likely speed harvest progress, intensifying competition for world business as exporters there ramp up international sales. India edible oil export during the month of December plunged 85.41% from a year earlier on higher prices of the oilseeds in the local market, data released from Solvent Extractors Association of India (SEA) showed. climate- resilient technological 4

5. NEWS RECAP COMMODITY HEADLINES President Pranab Mukherjee expresses concern over likely fall in farm output.  Governmentt says no decision on commercial cultivation of GM food. Kerala pineapple growers to explore launching value added products through overseas tieups.  Maharashtra sugar mills shut early as drought trims cane supply.  Prince Charles announces new dedicated fund for Indian farmers.  Agriculture Ministry in talks with Arun Jaitley on inter-state taxes.  Centre gears up to popularise crop insurance scheme, invite pvt insurance companies for bids.  India could raise $12.65 billion in overseas loans to boost irrigation: Reports.  Price Stabilisation Fund to be shifted to Consumer Affairs Ministry.  Sugar production up by 4.57% as on January 31: Indian Sugar Mills Association.  Rice procurement up 25% to 24.47 Million Tonnes. 5

6. SPOT QUOTES COMMODITY NAME LOCATION PRICE COMMODITY NAME LOCATION PRICE Bajra Delhi 1385 Mustardseed Alwar 3938.15 Bajra Jaipur 1402.5 Ref Soya Oil Nagpur 613.5 Barley Jaipur 1492.9 Ref Soya Oil Mumbai 625 Castor Seed Deesa 3188.9 Ref Soya Oil Indore 615.4 Chana Bikaner 4300 Soy Bean Indore 3824 Chana Delhi 4400 Soy Bean Nagpur 3877.3 Chana Indore 4167.8 Coriander Kota 7030.85 Soy Bean Kota 3537.5 Guar Gum Jodhpur 5575.85 Soymeal Indore 33500 Guar Seed 10 MT Jodhpur 3084.1 Sugar M Grade Erode 3148 Guarseed Bikaner 3014.4 Sugar M Grade Muzaffar Nagar 3175 Jeera Unjha 14288.9 Sugar M Grade Delhi 3220 Mustardseed Jaipur 4269.5 Sugar M Grade Kolkatta 3281.9 6

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