PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Send a file File manager PDF Toolbox Search Help Contact



Epic Research Daily Agri Report 15th FEB 2016 .pdf



Original filename: Epic Research Daily Agri Report 15th FEB 2016.pdf
Title: DAILY AGRI COMMODITY REPORT 11 December 2014  

This PDF 1.5 document has been generated by Microsoft® Office PowerPoint® 2007, and has been sent on pdf-archive.com on 15/02/2016 at 07:38, from IP address 103.15.x.x. The current document download page has been viewed 231 times.
File size: 578 KB (7 pages).
Privacy: public file




Download original PDF file









Document preview


DAILY AGRI COMMODITY REPORT
15 February 2016

Our Presence
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

HNI & NRI Sales Contact Australia

Toll Free Number

Mintara Road, Tarneit, Victoria. Post Code 3029

1-800-200-9454
All queries should be directed to
Info@epicresearch.co

Phone.: +61 422 063855

HNI & NRI Sales Contact USA
2117 Arbor Vista Dr. Charlotte (NC)

Cell: +1 704 249 2315

YOUR MINTVISORY

Call us at +91-731-66423001

Market Views
MONTH

OPEN

HIGH

LOW

CLOSE

% CHG

VOL

MONTH

OPEN

HIGH

CORIANDER

APR

6670

6826

6660

SUPPORT

SUPP.1

SUPP. 2

6698

6596

6800

6762
RESISTAN
CE

RES. 1

RES. 2

6864

6928

+1.67

3930

Coriander short term
trend is bullish and May
continue in coming
days.

-

-

-

-

SUPPORT

SUPP. 1

SUPP. 2

-

-

8888

8894

8600

SUPPORT

SUPP. 1

SUPP. 2

8569

8437

8700

8713
RESISTAN
CE

RES. 1

RES. 2

8863

9025

% CHG

VOL

-

-

PIVOT

LEVELS

-

RESISTAN
CE

RES. 1

RES. 2

-

-

GUARGUM

PIVOT

INTRADAY
LEVELS

-

INTRADAY

TURMERIC

APR

CLOSE

CASTORSEED

PIVOT

INTRADAY
LEVELS

LOW

-2.20

12230

Turmeric short term
trend is bullish and
May continue in
coming days.

MAR

5700

5820

5650

SUPPORT

SUPP. 1

SUPP. 2

5587

5503

5670

PIVOT

INTRADAY
LEVELS

5703
RESISTAN
CE

RES. 1

RES. 2

5786

5903

+0.18

14372

Guargum short term
trend is bearish and
May continue in
coming days.

2

Most Active Contract
NCDEX INDICES

TOP LOSERS

CHANGE

CHANGE
%

Index

Value

Pre.
Close

%
Change

CASTORSEED

-

-

-

CHANA

4298

4329

-0.72

CORIANDER

6800

6688

+1.67

GUARGUM

5600

5630

-0.53

JEERA

14490

14690

-1.36

MUSTARD
SEED

3988

3922

+1.68

SOYABEAN

3744

3761

-0.45

TURMERIC

8700

8896

-2.20

SYMBOL

EXPIRY DATE

CURRENT
PRICE

JEERA

18-03-2016

14450.00

-255.00

-1.73%

TURMERIC

20-04-2016

8698.00

-150.00

-1.70%

SOYABEAN

19-02-2016

3735.00

-51.00

-1.35%

CHANA

20-04-2016

4301.00

-43.00

-0.99%

BARLEY

20-04-2016

1395.00

-12.50

-0.89%

TOP GAINERS

SYMBOL

RAPESEED-MUSTARD
SEED

EXPIRY DATE

20-04-2016

CURRENT
PRICE
3984.00

CHANGE CHANGE %

64.00

1.63%

CORIANDER

20-04-2016

6765.00

85.00

1.27%

COTTON SEED OIL CAKE
AKOLA

19-02-2016

2050.00

13.00

0.64%

3

Commodities In News
Ref Soya oil settled up tracking firmness in spot demand despite over
supply following higher imports data. Soy meal 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.The monthly soy
meal exports have touched an all time low of 7,707 tonnes in January
due to higher bean prices in the domestic market. During current Oil
year (October-September), total exports during October 2015 to
January 2016 stood at 26,520 tonnes as against 4.38 lakh tonnes last
year, a fall of 94 per cent.Soymeal is mainly used as feed for poultry,
cattle and also as aqua feed. The annual production in India is about 6
million tonnes. India's export of oil meals 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 oil meals
during April 2015 to January 2016 is more than halved to 1,005,085
tons.
Jeera settled up on reports of supply shortfall and good domestic
demand, as new season crop will only come in March. Jeera sowing
area in major growing districts of Rajasthan reported down current year
due to higher prices alternate crop like Methi seed and low damage risk
as compared to Jeera crop. Jodhpur Jeera area reported 130000 hectares
as compared to last year 135000 hectares, Nagour Jeera area 37985
hectares as compared to last year 41850 hectares etc.Gujarat has
planted more cumin until Jan 25, 2016 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
Agmarknet 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 8 month of 2015-16 (Apr-Nov) is 56,787 tonnes, which is, lower
as compared to last year.

ECONOMIC NEWS
To ensure that prices of pulses do not flare up any further, central
security agencies including Intelligence Bureau and Directorate of Revenue
Intelligence have been asked to keep a close watch on tur, urad and gram
traders to check speculation and hoarding.Pulses prices have been under
pressure since last year due to production fall in the wake of unfavourable
weather. For instance, retail tur prices had shot up to Rs 200/kg in most
places, which after series of government steps have now cooled down to Rs
160/kg though still costlier for common man.Despite several steps, pulses
prices are expected to remain firm this year as well due to production
concerns because of drought for the second straight year.In this backdrop,
sources said, a meeting of central security agencies -- IB, DRI, Income Tax
Department, Directorate General of Foreign Trade (DGFT) and Delhi
Police -- was recently called by the Consumer Affairs Ministry to discuss
further actions to curb "satta operators" in pulses trading and keep prices
under control."In the meeting, the enforcement agencies were asked to
concentrate on tur and urad traders in the coming days. They have been
informed to take stringent action against "satta operators" in these
commodities," the sources said.Since the harvesting of winter-sown gram
dal will begin shortly, the agencies have been asked to keep a close watch
on trading of this particular dal, the sources said.Since the harvesting of
winter-sown gram dal will begin shortly, the agencies have been asked to
keep a close watch on trading of this particular dal, the sources said.In
order to check hoarding of imported dals, the customs department has been
asked to collect port-wise details of imported stocks and see if imported
pulses are being kept at ports beyond a reasonable period, they added.In the
meeting, it was also informed that the recent income tax raids conducted in
several cities on masoor dal traders helped cool down prices to a large
extent.Retail masoor dal prices have now declined below Rs 80 per kg
from Rs 120 per kg level in last three-four months, as per the government
data.According to sources, the enforcement agencies have decided to meet
on a regular basis and will also take views of the state officials in the
meeting through video conference for effective actions against speculators.

4

Fundamental Watch : Cotton
National Market Update
Total cotton arrival till January 27 this season remained 144.07 lakh bales
(of 170 Kg each), around 30% lower as compared to 206.76 lakh bales
previous season during the same period, according to Cotton Corporation of
India.
According to the industry sources, Cotton Corporation of India (CCI) has
auctioned most of its stocks it procured under MSP operation in 2015-14 and
currently it is holding 25000 bales (of 170 Kg each) of cotton.
India is likely to export 1.24 million tons (around 73 lakh bales of 170 kg
each) of cotton in season 2015-16, around 9% higher than the estimates of
previous month which was 1.26 million tons and around 36% higher as
compared to 0.91 (around 53.76 lakh bales) million tons, the volume it
exported in the previous season, according to USDA.
India exported 2.29 lakh bales of cotton last week (01 Feb-07 Feb 2016),
which was 2.23 lakh bales previous to last week (25 Jan-31 Jan 2016),
according to the data released by IBIS. Imports on the other hand stood 0.104
lakh bales last week, which was 0.069 lakh bales previous to last week.
Mahyco Monsanto, a joint venture of US agriculture company Monsanto
and Indian counterpart Maharashtra Hybrid seeds Company (Mahyco) has
moved to Delhi High Court once again, requesting a stay on the functioning of
the a nine member committee formed to set the maximum selling price
(MSP)of cotton seed.

COTTON PRICES AT KEY SPOT MARKET
CENTER

12-Feb-15

11-Jan-15

Change

RAJKOT

4775

4710

+65

BHIWANI

4500

4500

UNCH

ADAMPUR

4575

4575

UNCH

AHMEDABAD

4675

4675

UNCH

GONDAL

4630

4630

UNCH

GUNTUR

NA

NA

-

RAICHUR

4620

4611

+9

5

Technical Outlook

BUY CORIANDER APR ABOVE 6825 TARGET 6870 7020 SL
BELOW 6760

SELL GUARGUM MAR BELOW 5700 TARGET 5650 5580 SL
ABOVE 5760

BUY TURMERIC APRIL ABOVE 8800 TARGET 8844 8904 SL
BELOW 8740

6

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.


Related documents


PDF Document commodity research report 06 march 2017 ways2capital
PDF Document the cotton crunch impressions january11
PDF Document make cotton stalk into fuel pellets
PDF Document target achieved
PDF Document commodity research report 07 august 2017 ways2capital
PDF Document how proficient are your own1818


Related keywords