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DAILY AGRI COMMODITY REPORT
06 Janyary 2017
HNI & NRI Sales Contact Australia
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
Toll Free Number
1-800-200-9454
All queries should be directed to
Info@epicresearch.co
1
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
Our Presence
YOUR MINTVISORY Call us at +91-731-6642300
Market Views
2
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
TURMERIC
APR 6760 6764 6724 6750 -0.06 775
INTRADA
Y LEVELS
SUPPORT SUPP.1
6728
SUPP. 2
6706
PIVOT
6746
Turmeric short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6768
RES. 2
6786
CORIANDER
JAN 7240 7348 7216 7240 - 3130
INTRADAY
LEVELS
SUPPORT SUPP.1
7188
SUPP. 2
7136
PIVOT
7268
Coriander short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
7320
RES. 2
7400
GUARGUM
JAN 6292 6380 6290 6371 1.55 3505
INTRADAY
LEVELS
SUPPORT SUPP. 1
6314
SUPP. 2
6257
PIVOT
6347
Guargum short term
trend is bearish and May
continue in coming days.
RESISTA
NCE
RES. 1
6404
RES. 2
6437
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTA
NCE
RES. 1
-
RES. 2
-
Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
Castorseed - - -
Chana - - -
Coriander 7240 7240 0.00
Guargum5MT 6371 6274 1.55
Jeera 18085 18025 0.33
Mustard seed 4265 4218 1.11
Soybean 3021 3018 0.1
Turmeric 6750 6754 -0.06
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
COTTON SEED OIL CAKE
AKOLA
20-01-2017 2115.00 36.00 1.73%
29 MM COTTON 20-01-2017 19980.00 420.00 2.15%
RAPESEED-MUSTARD
SEED
20-01-2017 4265.00 52.00 1.23%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
CORIANDER 20-01-2017 7240.00 -9.00 -0.12%
REF SOYA OIL 20-01-2017 728.30 -3.20 -0.44%
SUGAR M GRADE 20-03-2017 3820.00 -4.00 -0.10%
MAIZE -
FEED/INDUSTRIAL
GRADE
20-01-2017 1415.00 -1.00 -0.07%
Commodities In News
4
ECONOMIC NEWS
 Sugar prices are expected to remain firm in the near term despite
demonitisation due to the high domestic demand and tight stock position
triggered by the low production this sugar year (SY), views rating agency
ICRABSE -0.64 %. Sabyasachi Majumdar, Head, Corporate Ratings,
ICRA, said, “The expected decline in the sugar production during SY2017,
coupled with the decline in the domestic sugar stocks during SY2016 and
the impact of the global sugar deficit scenario has firmed up domestic sugar
prices to Rs 36,200/MT in October 2016, although there was a dip in
November following the demonetisation and the arrival of the new
crop." Further, Majumdar said, "The sugar prices dipped further to Rs
34,500-34,750/MT in the first week of December following subdued
demand from traders due to the cash crunch. However, with the demand
having recovered owing to the ongoing festive season, the prices have
improved slightly to Rs 35,000/MT currently.
 The country is expected to produce about 345 lakh bales during 2016-17
as compared to around 338 lakh bales produced in 2015-16 crop year,
Cotton Association Of India (CAI) said here. "Due to the improvement in
productivity expected on account of better weather conditions across all
cotton growing regions of the country, the country expects to produce
about 345 lakh bales during 2016-17," former CAI President Dhiren Sheth
said at the association's annual general meeting (AGM) here. The
production of cotton in the country which had reached a record high of
over four crore bales during the 2013-14 crop year fell to about 386 lakh
bales in 2014-15, Sheth added. The production declined further during the
2015-16 crop year to around 338 lakh bales, the lowest during the last five
years. This drastic reduction in the crop during 2015-16 was mainly due to
the white-fly attack especially in the northern region, he added.
Productivity of cotton continues to remain well below the world average
productivity mark. However, looking at the initiatives taken by the Centre
and continued research by scientists, one can hope that India would soon
achieve the world average productivity mark, he said.
 Coriander futures traded marginally higher on NCDEX as
participants created fresh positions amid pickup in demand in the
domestic spot market. Further, tight stock positions following restricted
arrivals from major growing regions also added support to coriander
prices’ uptrend. The contract for January delivery was trading at Rs
7242.00, up by 0.03% or Rs 2.00 from its previous closing of Rs
7240.00. The open interest of the contract stood at 9220 lots. The
contract for April delivery was trading at Rs 7841.00, up by 0.04% or
Rs 3.00 from its previous closing of Rs 7838.00. The open interest of
the contract stood at 8050 lots on NCDEX.
 Soyabean futures trade higher on good demandJan 05,2017 12:04
Hrs ISTSoyabean futures traded higher on NCDEX on account of good
demand from the bulk buyers and oil millers. Soyabean prices
improved further by tracking international prices due to concerns about
planting delays in Argentina, the world's No.3 exporter of the oilseed.
However, higher production estimates by Soybean Processors
Association of India (SOPA) and expectations of higher arrivals from
the major producing belts, capped some gains. The contract for January
delivery was trading at Rs 3032.00, up by 0.46% or Rs 14.00 from its
previous closing of Rs 3018.00. The open interest of the contract stood
at 100050 lots. The contract for February delivery was trading at Rs
3081.00, up by 0.55% or Rs 17.00 from its previous close of Rs
3064.00. The open interest of the contract stood at 75960 lots on
NCDEX.
 Jeera futures edged higher on NCDEX on account of increasing
demand from the stockists and traders at the spot market.Though, some
gains were capped on reports of higher acreage and good climatic
condition for a good harvest in the producing belts. The contract for
January delivery was trading at Rs 18115, up by 0.5% or Rs 90.00 from
its previous closing of Rs 18025. The open interest of the contract
stood at 3339 lots.
Technical Outlook
5
SELL CORIANDER JANBELOW 7240 TARGET 7225 7165 7095
SL ABOVE 7270
SELL TURMERIC 20APR BELOW 6720 TARGET 6690 6650 6600
SL ABOVE 6768
SELL GUARGUM5 FEBBELOW 6310 TARGET 6280 6220 6170
SL ABOVE 6360
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.
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 We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for
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Daily agri commodity report by epic research of 6 january 2017

  • 1. DAILY AGRI COMMODITY REPORT 06 Janyary 2017 HNI & NRI Sales Contact Australia 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 Toll Free Number 1-800-200-9454 All queries should be directed to Info@epicresearch.co 1 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 Our Presence YOUR MINTVISORY Call us at +91-731-6642300
  • 2. Market Views 2 MONT H OPEN HIGH LOW CLOS E % CHG VOL MONT H OPEN HIGH LOW CLOS E % CHG VOL TURMERIC APR 6760 6764 6724 6750 -0.06 775 INTRADA Y LEVELS SUPPORT SUPP.1 6728 SUPP. 2 6706 PIVOT 6746 Turmeric short term trend is bearish and May continue in coming days. RESISTA NCE RES. 1 6768 RES. 2 6786 CORIANDER JAN 7240 7348 7216 7240 - 3130 INTRADAY LEVELS SUPPORT SUPP.1 7188 SUPP. 2 7136 PIVOT 7268 Coriander short term trend is bearish and May continue in coming days. RESISTA NCE RES. 1 7320 RES. 2 7400 GUARGUM JAN 6292 6380 6290 6371 1.55 3505 INTRADAY LEVELS SUPPORT SUPP. 1 6314 SUPP. 2 6257 PIVOT 6347 Guargum short term trend is bearish and May continue in coming days. RESISTA NCE RES. 1 6404 RES. 2 6437 CASTORSEED - - - - - - - INTRADAY LEVELS SUPPORT SUPP. 1 - SUPP. 2 - PIVOT - - RESISTA NCE RES. 1 - RES. 2 -
  • 3. Most Active Contract 3 NCDEX INDICES Index Value Pre. Close % Change Castorseed - - - Chana - - - Coriander 7240 7240 0.00 Guargum5MT 6371 6274 1.55 Jeera 18085 18025 0.33 Mustard seed 4265 4218 1.11 Soybean 3021 3018 0.1 Turmeric 6750 6754 -0.06 TOP GAINERS Symbol Expiry Date Current Price Change Change % COTTON SEED OIL CAKE AKOLA 20-01-2017 2115.00 36.00 1.73% 29 MM COTTON 20-01-2017 19980.00 420.00 2.15% RAPESEED-MUSTARD SEED 20-01-2017 4265.00 52.00 1.23% TOP LOSERS Symbol Expiry Date Current Price Change Change % CORIANDER 20-01-2017 7240.00 -9.00 -0.12% REF SOYA OIL 20-01-2017 728.30 -3.20 -0.44% SUGAR M GRADE 20-03-2017 3820.00 -4.00 -0.10% MAIZE - FEED/INDUSTRIAL GRADE 20-01-2017 1415.00 -1.00 -0.07%
  • 4. Commodities In News 4 ECONOMIC NEWS  Sugar prices are expected to remain firm in the near term despite demonitisation due to the high domestic demand and tight stock position triggered by the low production this sugar year (SY), views rating agency ICRABSE -0.64 %. Sabyasachi Majumdar, Head, Corporate Ratings, ICRA, said, “The expected decline in the sugar production during SY2017, coupled with the decline in the domestic sugar stocks during SY2016 and the impact of the global sugar deficit scenario has firmed up domestic sugar prices to Rs 36,200/MT in October 2016, although there was a dip in November following the demonetisation and the arrival of the new crop." Further, Majumdar said, "The sugar prices dipped further to Rs 34,500-34,750/MT in the first week of December following subdued demand from traders due to the cash crunch. However, with the demand having recovered owing to the ongoing festive season, the prices have improved slightly to Rs 35,000/MT currently.  The country is expected to produce about 345 lakh bales during 2016-17 as compared to around 338 lakh bales produced in 2015-16 crop year, Cotton Association Of India (CAI) said here. "Due to the improvement in productivity expected on account of better weather conditions across all cotton growing regions of the country, the country expects to produce about 345 lakh bales during 2016-17," former CAI President Dhiren Sheth said at the association's annual general meeting (AGM) here. The production of cotton in the country which had reached a record high of over four crore bales during the 2013-14 crop year fell to about 386 lakh bales in 2014-15, Sheth added. The production declined further during the 2015-16 crop year to around 338 lakh bales, the lowest during the last five years. This drastic reduction in the crop during 2015-16 was mainly due to the white-fly attack especially in the northern region, he added. Productivity of cotton continues to remain well below the world average productivity mark. However, looking at the initiatives taken by the Centre and continued research by scientists, one can hope that India would soon achieve the world average productivity mark, he said.  Coriander futures traded marginally higher on NCDEX as participants created fresh positions amid pickup in demand in the domestic spot market. Further, tight stock positions following restricted arrivals from major growing regions also added support to coriander prices’ uptrend. The contract for January delivery was trading at Rs 7242.00, up by 0.03% or Rs 2.00 from its previous closing of Rs 7240.00. The open interest of the contract stood at 9220 lots. The contract for April delivery was trading at Rs 7841.00, up by 0.04% or Rs 3.00 from its previous closing of Rs 7838.00. The open interest of the contract stood at 8050 lots on NCDEX.  Soyabean futures trade higher on good demandJan 05,2017 12:04 Hrs ISTSoyabean futures traded higher on NCDEX on account of good demand from the bulk buyers and oil millers. Soyabean prices improved further by tracking international prices due to concerns about planting delays in Argentina, the world's No.3 exporter of the oilseed. However, higher production estimates by Soybean Processors Association of India (SOPA) and expectations of higher arrivals from the major producing belts, capped some gains. The contract for January delivery was trading at Rs 3032.00, up by 0.46% or Rs 14.00 from its previous closing of Rs 3018.00. The open interest of the contract stood at 100050 lots. The contract for February delivery was trading at Rs 3081.00, up by 0.55% or Rs 17.00 from its previous close of Rs 3064.00. The open interest of the contract stood at 75960 lots on NCDEX.  Jeera futures edged higher on NCDEX on account of increasing demand from the stockists and traders at the spot market.Though, some gains were capped on reports of higher acreage and good climatic condition for a good harvest in the producing belts. The contract for January delivery was trading at Rs 18115, up by 0.5% or Rs 90.00 from its previous closing of Rs 18025. The open interest of the contract stood at 3339 lots.
  • 5. Technical Outlook 5 SELL CORIANDER JANBELOW 7240 TARGET 7225 7165 7095 SL ABOVE 7270 SELL TURMERIC 20APR BELOW 6720 TARGET 6690 6650 6600 SL ABOVE 6768 SELL GUARGUM5 FEBBELOW 6310 TARGET 6280 6220 6170 SL ABOVE 6360
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