Epic Research Daily Agri Report 16th FEB 2016

1. DAILY AGRI COMMODITY REPORT 16 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 6800 6880 6618 6679 -1.20 5950 - - - - - - - SUPPORT SUPP.1 SUPP. 2 SUPPORT SUPP. 1 SUPP. 2 6571 6464 - - Coriander short term trend is bullish and May continue in coming days. PIVOT PIVOT INTRADAY LEVELS INTRADAY LEVELS - 6726 - RES. 1 RES. 1 RES. 2 RES. 2 RESISTAN CE RESISTAN CE 6988 - 6833 - TURMERIC GUARGUM APR 8660 8840 8552 8558 -1.68 15740 MAR 5730 5840 5680 5830 +2.46 12107 SUPPORT SUPP. 1 SUPP. 2 SUPPORT SUPP. 1 SUPP. 2 8460 8362 5727 5623 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 8650 5783 RES. 1 RES. 1 RES. 2 RES. 2 RESISTAN CE RESISTAN CE 8938 8748 5887 5943 2

3. Most Active Contract NCDEX INDICES TOP LOSERS Pre. Close % CURRENT PRICE CHANGE % Index Value SYMBOL EXPIRY DATE CHANGE Change TURMERIC 20-04-2016 8558.00 -290.00 -3.28% CASTORSEED - - - SOYABEAN 19-02-2016 3743.00 -43.00 -1.14% CHANA +0.16 4315 4308 CHANA 20-04-2016 4315.00 -29.00 -0.67% CORIANDER -1.15 6679 6760 BARLEY 20-04-2016 1405.00 -2.50 -0.18% CORIANDER 20-04-2016 6679.00 -1.00 -0.01% GUARGUM 2.15 5710 5590 TOP GAINERS JEERA +3.56 15000 14485 CURRENT PRICE SYMBOL EXPIRY DATE CHANGE CHANGE % MUSTARD SEED +0.98 4015 3976 RAPESEED-MUSTARD SEED 20-04-2016 4015.00 95.00 2.42% SOYABEAN +0.08 3743 3740 JEERA 18-03-2016 15000.00 295.00 2.01% COTTON SEED OIL CAKE AKOLA TURMERIC -1.68 8558 8704 19-02-2016 2071.00 34.00 1.67% 3

4. Commodities In News ECONOMIC NEWS Turmeric settled down due to good harvesting at the producing regions & it will continue till the month of March. Though, some losses were capped on fresh buying due to good demand from traders at the spot market. 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.Meanwhile the latest statistics, put out by the Economics and Statistics Department, shows that there is a drop in production in not just natural rubber, but also in other key crops cultivated in the state viz pepper, ginger, turmeric and paddy from 2001-02 to 2014-15. As per dept of commerce data, turmeric exports till September, 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, is recorded at 15,864 hectares increase over last years’ acreage as well normal sowing area progress however in Telangana, the sowing area is lower than the normal sowing area at 40,823 hac compared to 43,470 hac last year.Traders procured good number of turmeric bags at Erode markets. There has been a record procurement of rice during this kharif season and no shortage of foodgrains in the country despite two consecutive years of deficit rainfalls, Union Minister Ram Vilas Paswan said."About 261.37 lakh tonnes of paddy has been procured till (February 11), while during the last kharif season it was 215.49 lakh tonnes," Paswan told reporters here."Even in Odisha, which has been hit by drought, the procurement till date is 16.07 lakh tonnes while during the last season, it was 15.06 lakh tonnes," he said adding maximum farmers have availed minimum support price this year for their produce.The Food and Public Distribution minister said despite a weak monsoon for two consecutive years, there is "more than adequate foodgrain stock" available with the government under the central pool.As on January 1, 2016, there is 237.88 lakh mt of issuable wheat stock and 126.89 lakh mt of rice under the central pool which is 50.79 lakh mt more than stocking norms. This excess quantity will help meet any contingencies arising due to monsoon failure or natural calamities.Paswan said the Centre has also decided to share 50 per cent, 75 per cent in case of hilly and difficult areas, of the cost of handling and transportation of food grain incurred by the states and the dealer's margin. The move will help make coarse grain available to beneficiaries at the rate of Re 1 a kg, wheat at Rs 2 a kg and rice at Rs 3 a kg.On scarcity of pulses in the country, Paswan said Food Corporation of India has started procurement of pulses from farmers at market price or MSP whichever is higher in order to create 1.5 lakh tonne buffer stock.FCI has targeted procuring 20,000 mt of arhar, 2,500 mt of urad (total 22,500 MT) during the kharif marketing season, 2015-16. The target for procurement of chana dal has been fixed at 40,000 mt and masoor at 10,000 mt during the rabi marketing season, he said.The union minister said the country has achieved almost 100 per cent digitisation of ration cards."The government has achieved significant milestone in reforms of PDS. Almost 100 per cent (99.9 per cent) ration cards have been digitised across the country," he said adding 42 per cent of them have been linked with Aadhar cards. Chana settled down due to profit booking after prices gained due to limited supplies. 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. 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.India has imported 3.75 lt of Chana until November in the current financial year. The government has issued a tender for importing 5,000 tons of pulses to boost local supply and control the rise in prices. For curbing the rally in prices during 2016 the government has directed MMTC to import more pulses to improve supply in domestic market. 4

5. Fundamental Watch : Sugar National Market Update SUGAR PRICES AT KEY SPOT MARKET Maharashtra sugarcane production is expected to decline (27.6%) in 2016-17 due to an estimated fall in the area under cultivation due to drought. CENTER 15-Feb-15 14-Jan-15 Change Indian sugar export rose by 17% this week (ending on 07th Feb, 2016) as the country exported 1.04 lakh tons of sugar during the week compared to 0.89 lakh tons of sugar exported the previous week. DELHI 3230 3230 UNCH Thailand announced tender for the sale of 50,000 tons of raw sugar which is due for shipment in between 01st Jul, 2016 to 15th Sep, 2016. MUMBAI 3366 3362 +4 Brazil’s agricultural waterway, Tiete-Parana; which has been closed since 2014 due to drought and better utilization of water for electricity has been reopened for transportation. VIJAYWADA 3440 3400 +40 37 sugar mills in Tamil Nadu had produced 2.30 lakh tons of sugar in 2015- 16 (01st Oct, 2015 – 31st Jan, 2016) compared to 2.11 lakh tons of sugar production (by 39 mills) in 2014-15 (01st Oct, 2014 – 31st Jan, 2015). NAGPUR NR NR - Brazil’s centre south sugar production rose drastically in the second half of January, 2016 as the country churned around 0.10 MT of sugar during the period compared to 0.03 MT of sugar in the first half of January, 2016. CHENNAI 3050 3050 UNCH AMBIKAPUR 2835 2835 UNCH DHAMPUR 3118 NR - 5

6. Technical Outlook BUY GUARGUM MAR ABOVE 5840 TARGET 5890 5960 SL BELOW 5780 BUY CORIANDER APR ABOVE 6720 TARGET 6765 6915 SL BELOW 6655 BUY TURMERIC APR ABOVE 8620 TARGET 8664 8724 SL BELOW 8560 6

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