Epic research daily agri report 05 feb 2016

1. DAILY AGRI COMMODITY REPORT 05 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. Market Views MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL CORIANDER CASTORSEED APR 6230 6420 6226 6400 +2.24 7520 FEB - - - - - - SUPPORT SUPP.1 SUPP. 2 SUPPORT SUPP. 1 SUPP. 2 6227 6155 - - Coriander short term trend is bullish and May continue in coming days. PIVOT PIVOT INTRADAY LEVELS INTRADAY LEVELS - 6349 - RES. 1 RES. 1 RES. 2 RES. 2 RESISTAN CE RESISTAN CE 6543 - 6471 - TURMERIC GUARGUM APR 8562 8684 8500 8506 -0.70 11530 FEB 5560 5680 5530 5540 +1.28 10829 SUPPORT SUPP. 1 SUPP. 2 SUPPORT SUPP. 1 SUPP. 2 8443 8380 5487 5433 Turmeric short term trend is bearish and May continue in coming days. Guargum short term trend is bearish and May continue in coming days. PIVOT PIVOT INTRADAY LEVELS INTRADAY LEVELS 8563 5583 RES. 1 RES. 1 RES. 2 RES. 2 RESISTAN CE RESISTAN CE 8747 8687 5637 5733 2

3. Most Active Contract NCDEX INDICES TOP LOSERS Pre. Close % Index Value CURRENT PRICE CHANGE % Change SYMBOL EXPIRY DATE CHANGE CASTORSEED - - - SOYABEAN 19-02-2016 3733.00 -45.00 -1.19% CHANA -0.27 4062 4073 TURMERIC 20-04-2016 8506.00 -44.00 -0.51% CHANA 20-04-2016 4062.00 -14.00 -0.34% CORIANDER +2.24 6400 6260 COTTON SEED OIL CAKE AKOLA 19-02-2016 2024.00 -6.00 -0.30% GUARGUM +1.26 5620 5550 BARLEY 20-04-2016 1430.00 -4.00 -0.28% JEERA +1.00 13685 13550 TOP GAINERS CURRENT PRICE MUSTARD SEED SYMBOL EXPIRY DATE CHANGE CHANGE % +0.60 3881 3858 CORIANDER 20-04-2016 6400.00 165.00 2.65% SOYABEAN -1.32 3733 3783 JEERA 18-03-2016 13685.00 85.00 0.63% RAPESEED-MUSTARD SEED TURMERIC -0.7 8506 8566 20-04-2016 3881.00 17.00 0.44% 3

4. Commodities In News ECONOMIC NEWS Turmeric settled flat on profit booking after prices gained amid good buying support from retailers and stockists against fall in supplies from producing belts. Turmeric new crop supply enters to the market with small quantity. Stockists were not interested to release their stocks at lower prices level. Further, there are reports of production concern due to drought in Maharashtra and Andhra Pradesh.At Erode market sources reported arrivals at 1500 quintals, steady as against previous day’s arrival. At Warangal market sources reported arrivals at 80 bags, down by 20 bags from previous day’s arrivals. At Nizamabad market sources reported arrivals at 4000 quintals, up by 1500 quintals from previous day’s arrivals. Prices of new turmeric increased at Erode markets increased on strong demand.Though the new Mysore Number 8 variety turmeric has started trickling in, buyers were interested in new turmeric and procured all the 130 bags at a higher rate. Totally 2,700 bags arrived and 70 per cent stocks were sold.The finger variety was up Rs. 250 a quintal and the root variety by Rs. 650. Both varieties of old turmeric decreased by Rs. 200. Government will shift Rs 500-crore Price Stabalisation Fund (PSF) to Consumer Affairs Ministry from Agriculture Ministry for effective control of price rise in essential commodities and provide relief to the consumers.Last year, PSF was created with a corpus of Rs 500 crore under the Agriculture Ministry. The fund was to be used to support market interventions for managing prices commodities by procuring directly from farmers and later supplying at reasonable rates to consumers."The purpose of PSF was to provide relief to consumers from price rise. So far, the fund has been used mostly with an aim to provide relief to farmers, who otherwise are covered under the minimum support price system. Hence, PSF is being shifted," according to sources.An in-principle approval has already been given to move this fund to the Consumer Affairs Ministry, which faced difficulty in handling the pulses price issue last year in the absence of direct say in using the fund for timely market interventions, sources said.Even Food and Consumer Affairs Minister Ram Vilas Paswan had raised this issue when retail pulses prices had shot up to Rs 200 per kg in most retail markets last year.In the 2015-16 fiscal, the fund was being used for import of pulses as well as creation of buffer stock of lentils as the prices of these commodities were continuing to rule high.It was also used to buy onion and potatoes to boost local supply and check rates.So far, 20,000 tonnes of pulses has been procured from farmers from 2015 kharif crops. Tenders have been floated to buy more pulses from overseas market. The Centre's ambitious crop insurance scheme, announced last month, can prove to be attractive to farmers but only if its implementation is glitch free. The next step will, therefore, be the real test of the government when it invites empanelled private general insurance companies to bid for clusters of districts across the country.The selection of insurance company from amongst the empanelled companies to act as an 'implementing agency' within the defined area will be done by the concerned state government. It will be done on the basis of the lowest weighted premium, quoted by these companies, for all notified crops within the particular cluster of districts. of perishable agri-horticultural Jeera settled up on fresh buying by retailers and stockists at the spot market. Gujarat has planted more cumin until now compared to last year sowing progress. In Gujarat, jeera is planted about 10.8% more area at 2,95,400 hectares compared to 2,66,700 hectares last year same time. As per data, arrivals of Jeera in Gujarat markets for the calendar year 2015 is lower by 231 % at about 1.28 lt compared to 4.25 lt last year.According to Dept of Commerce data, the export of jeera during first 6 month of 2015-16 (Apr-Sep) is 44,140 tonnes, which is, lower as compared to last year same period. Jeera (cumin) exports have been 1.55 lt in 2014-15. According to govt data, exports for 2015-16 shows a decline trend compared to last year until September.At Gondal (Guj.) market total arrivals are at 300 quintals, unchanged as compared to previous day’s arrival. At Rajkot market, total arrivals are at 450 quintal, up by 270 quintal from previous day’s arrivals. 4

5. Fundamental Watch : Castorseed CASTORSEED PRICES AT KEY SPOT MARKET National Market Update Castor cash markets continued to recover as buyers were seen active to buy at higher price amid lower arrival in major bench mark markets. Farmers were seen reluctance in selling seed at current level while demand for oil continues with lower FOB quotes. Cash market may trade stable at this level. Actually now price trend would follow the selling strategy of farmers who are now on driver’s seat. CENTER 04-Feb-15 03-Jan-15 Change SUMERPUR NA NA - In a latest move NCDEX has banned atleast four members to take any fresh position till ongoing investigation about their role in manipulation in castor seed contracts. These are trading members of Mid India Commodities, Investsmart Commodities, Neer–Ocean Commodities. NCDEX has suspended trading in all castor seed contracts last week and decided to settle them on the closing price of January 27.If any members and its firm are found quilty of violations of regulations of the exchange shall be strictly dealt with in accordance with the provisions. PATAN 3175 3025 +150 Multitrade and Leo Global MEHSANA 3050 2975 +75 BHABAR 3150 3065 +85 India exported 10152.59 tonne castor oil during the week ended31st January-2016.Average price realized at the rate of $1248.49 per tonne. Price realization has decreased 0.8% in comparison to last week. However, volume increased by152 % last week due to higher availability on lower price. Export demand is likely to continue as prices are ruling at lower level.Buyers are taking advantage of emerging scenario, as crop too is higher this year. HARJI 3075 3050 +25 Agriculture statistics Division, DES has released its 1st Adv estimates of Production of food-grains for 2015-16 on 16.09.2015.It has estimated 19.44 lakh tonne seed production this year. The production target for 2015-16 has been fixed at 20.34 lakh ton. India has produced 19.63 lakh tonne castor seed in 2014-15 as per revised 1st Adv estimate. RAJKOT 3085 3040 +45 KADI 3135 3025 +110 5

6. Technical Outlook SELL GUARGUM FEB BELOW 5540 TARGET 5490 5420 SL ABOVE 5600 BUY CORIANDER APR ABOVE 6450 TARGET 6495 6645 SL BELOW 6385 SELL TURMERIC APRIL BELOW 8500 TARGET 8456 8396 SL ABOVE 8560 6

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