PDF Archive

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

Share a file Manage my documents Convert Recover PDF Search Help Contact



Epic Research Weekly Agri Report 14th March 2016 .pdf


Original filename: Epic Research Weekly Agri Report 14th March 2016.pdf
Title: 6 x 1000 Project - Segment
Author: AjayAtreya

This PDF 1.5 document has been generated by Microsoft® Office PowerPoint® 2007, and has been sent on pdf-archive.com on 14/03/2016 at 07:52, from IP address 103.15.x.x. The current document download page has been viewed 256 times.
File size: 511 KB (7 pages).
Privacy: public file




Download original PDF file









Document preview


WEEKLY AGRI COMMODITY REPORT
14 MARCH 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

Weekly Wrap Up
MONTH

OPEN

HIGH

LOW

CLOSE

% CHG

VOL

MONTH

OPEN

HIGH

CORIANDER

APR

6650

6980

6650

SUPPORT

SUPP.1

SUPP. 2

6580

6450

6710

6780
RESISTAN
CE

RES. 1

RES. 2

6910

7110

+2.13

27750

Coriander short term
trend is bearish and
may continue in coming
days.

-

-

-

-

SUPPORT

SUPP. 1

SUPP. 2

-

-

8974

9220

8704

SUPPORT

SUPP. 1

SUPP. 2

8763

8475

9050

8991
RESISTAN
CE

RES. 1

RES. 2

9279

9507

% CHG

VOL

-

-

PIVOT

LEVELS

-

RESISTAN
CE

RES. 1

RES. 2

-

-

GUARGUM

PIVOT

INTRADAY
LEVELS

-

INTRADAY

TURMERIC

APR

CLOSE

CASTORSEED

PIVOT

INTRADAY
LEVELS

LOW

+1.78

43965

Turmeric short term
trend is bearish and
may continue in coming
days.

APR

5520

5620

5470

SUPPORT

SUPP. 1

SUPP. 2

5493

5407

5580

PIVOT

INTRADAY
LEVELS

5557
RESISTAN
CE

RES. 1

RES. 2

5643

5707

+2.57

50876

Guargum Short term
trend is bearish and
may continue in
coming days.

2

Weekly Recommendations

BUY CORIANDER APRIL ABOVE 7400 TARGET 7600 7870 SL BELOW 7180
SELL CORIANDER APRIL BELOW 6650 TARGET 6450 6180 SL ABOVE 6800

BUY GUARGUM APRIL ABOVE 5350 TARGET 5530 5730 SL BELOW 5150
SELL GUARGUM APRIL BELOW 5920 TARGET 5740 5540 SL ABOVE 6120

3

Commodities In News
ECONOMIC NEWS
Ref Soya oil on NCDEX settled down on profit booking after prices
gained amid expectation of damage in rabi oilseed due to unseasonal rains.
However, reports of higher imports of edible oil for the month of February
capped prices. India's exports of oilmeal, largely used for bird and animal
feed, dropped 52 per cent between April 2015 and February 2016, due to
lower domestic output as crushing mills reduced their operation capacity on
disparity.Data compiled by the apex industry body, the Solvent Extractors'
Association (SEA), showed exports at 1.09 million tonnes (mt) in the first 11
months of the financial year, compared to 2.26 mt in the corresponding
period last year. It was four mt in the comparable period of 2013-14. In
February alone, India's export fell 74 per cent to 53,866 tonnes from 208,499
tonnes in the same month last year. As per latest SEA data, edible oils
import decline m-o-m to 12.55 lt 14.07 lt in January 2016 from 14.07 in
December 2015. However, import of vegetable oils increased y-o-y during
January 2016 compared to 10.95 lt in January 2015.

Turmeric on NCDEX settled up on increasing demand for hybrid turmeric
at the spot markets. Though, some gains were capped due to higher arrivals
from the producing regions. New season crop has hit the markets but
majority of arrivals are of medium quality turmeric. 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.As per dept of commerce data, turmeric exports until Dec 2015
pegged at 64,100 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. New Turmeric
supply reported in the domestic market pressurizes the prices at higher
levels.The total area under turmeric during 2014-15 has been estimated at
0.18 million hectares. Telangana, Andhra Pradesh, Tamil Nadu, Odisha,
Maharashtra, Karnataka and West Bengal were the major turmeric producing
states contributing to 85 per cent of total turmeric production of the country.

Government is likely to initiate a market-linked insurance scheme for
plantation crops such as tea, coffee, tobacco and rubber to help growers
tide over the impact of price and yield fluctuations.The revenue insurance
scheme for plantation crops, an official said, will be launched once the
operational parameters are finalised by the government.It would be
implemented on a pilot basis in 7 districts and will provide insurance cover
against fluctuation in prices and yield, the official added.The scheme will
be funded from the price stabilisation fund for plantation crops.The price
of these crops are sensitive to developments in the international markets.
Besides, natural calamities too impact the productivity of these
crops.According to a Commerce and Industry Ministry report, these crops
are grown in about 16 lakh hectares and they provide direct employment to
about 17.10 lakh workers.Though the plantation crops occupy only about 1
per cent of the total cropped area, they generate about 15 per cent of the
total agricultural export earnings.The report has also stated that the
growers of plantation commodities are vulnerable to large risks in terms of
production caused by adverse climatic conditions, as also to price risks
caused by demand and supply situations and changes in domestic and
international prices."The plantation crops are traded in an extremely
competitive international market, which causes enhanced vulnerability in
times of severe price drop. Cartelisation and indirect subsidies in
international markets further increase price risks," it had said.On the other
hand, India needs to remain a credible supplier in the global market for
which price stability is an essential consideration.India is the largest
producer and consumer of black tea in the world. It is the sixth largest
producer of coffee and 4th in natural rubber production. The country is
among the largest producers and exporters of tobacco in the world.The
global wheat glut that's kept prices trapped in a bear market is showing
signs of easing after poor weather reduced harvest expectations in India
and Australia.World inventories will be 237.6 million metric tonnes, down
from 238.9 million tonnes estimated in February, the US Department of
Agriculture said Wednesday in Washington. The crop in India, the world's
biggest grower after China, will be 86.53 million tonnes, down from last
month's forecast of 88.94 million, the agency said.

4

NEWS RECAP
COMMODITY HEADLINES
Haryana announces Rs 967 crore compensation to cotton farmers.
 Akshamaala looks to open 1,000 agri-clinic in 15 months.
Global wheat glut may be washed away by rain in India.
 Government may provide market-linked insurance for plantation crops like tea and coffee.

 New Insurance scheme for Small Tea Garden workers, backed by Indian Tea Board.
 Government caps Bt cotton seed price to bring uniformity across states.
 Nearly 2% of families derive major income from livestock farming.

 Cotton price expected to remain stable in July-August.
 Focusing on horticulture to reduce tobacco cultivation: Govt.
 Export of soybean meal dips to 1127 tons in February.

 While rain, hailstorm affect wheat growers, it may also benefit farmers by raising temperatures.
5

SPOT QUOTES
COMMODITY NAME

LOCATION

PRICE

COMMODITY NAME

LOCATION

PRICE

Barley

Jaipur

1450

Ref Soya Oil

Indore

610.8

Chana

Bikaner

4640

Ref Soya Oil

Nagpur

606.5

Chana

Delhi

4750

Ref Soya Oil

Mumbai

618

Turmeric

Nizamabad

8847.2

Soy Bean

Indore

3771

Chana

Indore

4590

Coriander

Kota

7184.5

Cotton

Kadi

15740.3

Guar Gum

Jodhpur

5478.75

Soy Bean

Nagpur

3850.5

Guar Seed 10 MT

Jodhpur

3097.3

Soy Bean

Kota

3512.5

GUAR SEED 2 MT

Jodhpur

3097.3

Soybean 2 MT

Indore

3771

Guarseed

Bikaner

3050

Sugar M Grade

Kolhapur

3255.85

Jeera

Unjha

15122.75

Sugar M Grade

Kanpur

3418.35

Mustard Seed 2 MT

Jaipur

4165.2

Sugar M Grade

Erode

3098

Mustardseed

Jaipur

4165.2

Sugar M Grade

Muzaffar Nagar

3306.1

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


epic research weekly agri report 14th march 2016
epic research daily agri report 14th march 2016
epic research daily agri report 11th march 2016
epic research weekly agri report 22nd feb 2016
epic research weekly agri report 28th march 2016
epic research daily agri report 23rd march 2016


Related keywords