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WEEKLY AGRI COMMODITY REPORT
21NOVEMBER 2016
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
Weekly Wrap Up
2
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
CORIANDER
DEC 7252 7800 7220 7605 3.53 5680
INTRADAY
LEVELS
SUPPORT
SUPP.
1
7283
SUPP. 2
6962
PIVOT
7542
Coriander short term
trend is bearish and may
continue in coming days.
RESISTA
NCE
RES.
1
7863
RES. 2
8122
CASTORSEED
- - - - - - -
INTRADA
Y LEVELS
SUPPORT
SUPP.
1
-
SUPP. 2
-
PIVOT
-
-
RESISTA
NCE
RES. 1
-
RES. 2
-
TURMERIC
DEC 7300 7700 7300 7600 3.00 1290
INTRADA
Y LEVELS
SUPPORT
SUPP.
1
7367
SUPP.
2
7133
PIVOT
7533
Turmeric short term
trend is bearish and may
continue in coming days.
RESISTA
NCE
RES. 1
7767
RES. 2
7933
GUARGUM
NOV 5758 6239 5655 6135 3.77 5680
INTRADA
Y LEVELS
SUPPORT
SUPP.
1
5780
SUPP.
2
5426
PIVOT
6010
Guargum Short term
trend is bearish and
may continue in coming
days.RESISTA
NCE
RES. 1
6364
RES. 2
6594
Weekly Recommendations
3
BUY CORIANDER DEC ABOVE 7744 TARGET 7814 7874 SL BELOW 7714
SELL CORIANDER DEC BELOW 7147 TARGET 7077 7017 SL ABOVE 7177
BUY GUARGUM5 DEC ABOVE 6250 TARGET 6320 6380 SL BELOW 6200
SELL GUARGUM5 DEC BELOW 6135 TARGET 6065 6005 5955 SL ABOVE 6185
Commodities In News
4
ECONOMIC NEWS
 The water storage available in 91 major reservoirs of the country for the
week ending on November 17, 2016 was 107.449 BCM, which is 68% of
total storage capacity of these reservoirs. This was 127% of the storage of
corresponding period of last year and 98% of storage of average of last ten
years. The total storage capacity of these 91 reservoirs is 157.799 BCM
which is about 62% of the total storage capacity of 253.388 BCM which is
estimated to have been created in the country. 37 Reservoirs out of these
91 have hydropower benefit with installed capacity of more than 60 MW.
The northern region includes States of Himachal Pradesh, Punjab and
Rajasthan. There are six reservoirs under Central Water Commission
(CWC) monitoring having total live storage capacity of 18.01 BCM. The
total live storage available in these reservoirs is 11.22 BCM which is 62%
of total live storage capacity of these reservoirs. The storage during
corresponding period of last year was 72% and average storage of last ten
years during corresponding period was 72% of live storage capacity of
these reservoirs.
 The government is looking to achieve its buffer stock target of 2 million
tonnes of pulses by June next year, which will be used in case of price rise,
a top Consumer Affairs Ministry official said today . "We have purchased
about 6 lakh tonnes of pulses so far. We will be able to complete the entire
2 million tonnes by June 2017," Consumer Affairs Secretary Hem Pande
told reporters on the sidelines of FICCI conference on food service
industry. "Pulses production is estimated to increase to more than 20
million tonnes in 2016-17. So, we will be able to procure one million
tonne of pulses from domestic market for buffer stock and rest one million
tonnes will be imported," he said. Asked about imports, he said the
country has imported about 3.5 million tonnes so far this fiscal, of which
0.4 million tonne is by public sector trading agencies. "We will ensure
domestic availability of 24-25 million tonnes of pulses," he added. On total
imports this fiscal, Pande said: "We expect significant rise in production.
This may lead to reduction in imports."
 Coriander futures showed a bearish trend on NCDEX as speculators
offloaded positions on weak demand. Besides, thin trading activities at spot
market amid lack of availability of smaller denomination notes, also weigh
on sentiment. The contract for December delivery was trading at Rs
7589, down by 1.22% or Rs 94 from its previous closing of Rs 7683. The
open interest of the contract stood at 6940 lots. The contract for January
delivery was trading at Rs 7600, down by 0.51% or Rs 39 from its previous
closing of Rs 7639. The open interest of the contract stood at 510 lots on
NCDEX.
Turmeric futures exhibited a positive trend on NCDEX as participants
enlarged their positions, on less stocks and restricted supplies in the spot
market. Liquidity crunch continued to take a toll on the trades at the
Agricultural Produce Market Committees (APMCs) across the country as
farmers, by and large, refrained from bringing their crops to the markets. In
some markets like in Erode in Tamil Nadu, traders were unable to deal with
the currency shortage and decided to declare holiday for a week and re-open
on November 21, 2016. The contract for November delivery was trading at
Rs 7680, up by 0.97% or Rs 74 from its previous closing of Rs 7606. The
open interest of the contract stood at 710 lots. The contract for December
delivery was trading at Rs 7028, up by 0.4% or Rs 28 from its previous
closing of Rs 7000. The open interest of the contract stood at 8315 lots on
NCDEX.
 Soyabean futures traded higher on NCDEX as participants enlarged
positions amid a firming trend in sport markets. Some support also came
with improved export demand for soyabean and soymeal. Soybean meal
exports rose over 55% in October from a month ago due to a drop in its
price and a pickup in demand from the traditional Southeast Asian market.
The contract for November delivery was trading at Rs 3023, up by 1.31% or
Rs 39 from its previous closing of Rs 2984.The open interest of the contract
stood at 5080 lots. The contract for December delivery was trading at Rs
3069, up by 1.02% or Rs 31 from its previous closing of Rs 3038. The open
interest of the contract stood at 137290 lots on NCDEX.
5
NEWS RECAP
COMMODITY HEADLINES
Farm Loan Outstanding At Near 10% Of GDP
Coriander Extends Losses On Poor Physical Demand
 Water Level of 91 Major Reservoirs of the Country Down 2 percent
Water Storage In Major Reservoirs Up 27% On Year'
Despite increase in state advised price, up sugar mills may retain profitability: ICRA
Agricultural loan outstanding at Rs 12.6 lakh crore as of September 2016
Government to buy 2 million tonne pulses for buffer stock by next June
Uttar Pradesh hikes sugarcane floor price ahead of crucial vote
Demonetisation: Farmers can withdraw Rs 25,000
High coffee prices fail to add aroma to Chicory demand
Fowl is fair for poultry firms on better economy, lower feed cost
Spot quotes
6
Commodity Name Location Price
Ref Soya Oil Nagpur
680
Ref Soya Oil Mumbai
672.5
Soy Bean Indore
3046
Soy Bean Nagpur
3030
Soy Bean Kota
3000
Soymeal Indore
24000
Sugar M Grade Kolhapur
3593.2
Sugar M Grade Kanpur
3865
Sugar M Grade Muzaffar Nagar
3789.25
Sugar M Grade Delhi
3845
Sugar M Grade Kolkatta
3905
Turmeric Nizamabad 7520.8
Commodity Name Location Price
Barley Jaipur 1755
Chana Bikaner
7900
Chana Delhi
8111
Chana Indore
7923.35
Coriander Kota 7587.2
Cotton Kadi 18154.55
Guar Gum 5MT Jodhpur 6191.55
GUAR SEED 2 MT Jodhpur 3325
Guarseed Bikaner 3300
Jeera Unjha
18218.75
Mustard seed Jaipur
4778.15
Mustard seed Alwar
4720.25
Ref Soya Oil Indore 689.4
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.
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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
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Weekly agri commodity report by epic research of 21 november 2016

  • 1. WEEKLY AGRI COMMODITY REPORT 21NOVEMBER 2016 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. Weekly Wrap Up 2 MONT H OPEN HIGH LOW CLOS E % CHG VOL MONT H OPEN HIGH LOW CLOS E % CHG VOL CORIANDER DEC 7252 7800 7220 7605 3.53 5680 INTRADAY LEVELS SUPPORT SUPP. 1 7283 SUPP. 2 6962 PIVOT 7542 Coriander short term trend is bearish and may continue in coming days. RESISTA NCE RES. 1 7863 RES. 2 8122 CASTORSEED - - - - - - - INTRADA Y LEVELS SUPPORT SUPP. 1 - SUPP. 2 - PIVOT - - RESISTA NCE RES. 1 - RES. 2 - TURMERIC DEC 7300 7700 7300 7600 3.00 1290 INTRADA Y LEVELS SUPPORT SUPP. 1 7367 SUPP. 2 7133 PIVOT 7533 Turmeric short term trend is bearish and may continue in coming days. RESISTA NCE RES. 1 7767 RES. 2 7933 GUARGUM NOV 5758 6239 5655 6135 3.77 5680 INTRADA Y LEVELS SUPPORT SUPP. 1 5780 SUPP. 2 5426 PIVOT 6010 Guargum Short term trend is bearish and may continue in coming days.RESISTA NCE RES. 1 6364 RES. 2 6594
  • 3. Weekly Recommendations 3 BUY CORIANDER DEC ABOVE 7744 TARGET 7814 7874 SL BELOW 7714 SELL CORIANDER DEC BELOW 7147 TARGET 7077 7017 SL ABOVE 7177 BUY GUARGUM5 DEC ABOVE 6250 TARGET 6320 6380 SL BELOW 6200 SELL GUARGUM5 DEC BELOW 6135 TARGET 6065 6005 5955 SL ABOVE 6185
  • 4. Commodities In News 4 ECONOMIC NEWS  The water storage available in 91 major reservoirs of the country for the week ending on November 17, 2016 was 107.449 BCM, which is 68% of total storage capacity of these reservoirs. This was 127% of the storage of corresponding period of last year and 98% of storage of average of last ten years. The total storage capacity of these 91 reservoirs is 157.799 BCM which is about 62% of the total storage capacity of 253.388 BCM which is estimated to have been created in the country. 37 Reservoirs out of these 91 have hydropower benefit with installed capacity of more than 60 MW. The northern region includes States of Himachal Pradesh, Punjab and Rajasthan. There are six reservoirs under Central Water Commission (CWC) monitoring having total live storage capacity of 18.01 BCM. The total live storage available in these reservoirs is 11.22 BCM which is 62% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 72% and average storage of last ten years during corresponding period was 72% of live storage capacity of these reservoirs.  The government is looking to achieve its buffer stock target of 2 million tonnes of pulses by June next year, which will be used in case of price rise, a top Consumer Affairs Ministry official said today . "We have purchased about 6 lakh tonnes of pulses so far. We will be able to complete the entire 2 million tonnes by June 2017," Consumer Affairs Secretary Hem Pande told reporters on the sidelines of FICCI conference on food service industry. "Pulses production is estimated to increase to more than 20 million tonnes in 2016-17. So, we will be able to procure one million tonne of pulses from domestic market for buffer stock and rest one million tonnes will be imported," he said. Asked about imports, he said the country has imported about 3.5 million tonnes so far this fiscal, of which 0.4 million tonne is by public sector trading agencies. "We will ensure domestic availability of 24-25 million tonnes of pulses," he added. On total imports this fiscal, Pande said: "We expect significant rise in production. This may lead to reduction in imports."  Coriander futures showed a bearish trend on NCDEX as speculators offloaded positions on weak demand. Besides, thin trading activities at spot market amid lack of availability of smaller denomination notes, also weigh on sentiment. The contract for December delivery was trading at Rs 7589, down by 1.22% or Rs 94 from its previous closing of Rs 7683. The open interest of the contract stood at 6940 lots. The contract for January delivery was trading at Rs 7600, down by 0.51% or Rs 39 from its previous closing of Rs 7639. The open interest of the contract stood at 510 lots on NCDEX. Turmeric futures exhibited a positive trend on NCDEX as participants enlarged their positions, on less stocks and restricted supplies in the spot market. Liquidity crunch continued to take a toll on the trades at the Agricultural Produce Market Committees (APMCs) across the country as farmers, by and large, refrained from bringing their crops to the markets. In some markets like in Erode in Tamil Nadu, traders were unable to deal with the currency shortage and decided to declare holiday for a week and re-open on November 21, 2016. The contract for November delivery was trading at Rs 7680, up by 0.97% or Rs 74 from its previous closing of Rs 7606. The open interest of the contract stood at 710 lots. The contract for December delivery was trading at Rs 7028, up by 0.4% or Rs 28 from its previous closing of Rs 7000. The open interest of the contract stood at 8315 lots on NCDEX.  Soyabean futures traded higher on NCDEX as participants enlarged positions amid a firming trend in sport markets. Some support also came with improved export demand for soyabean and soymeal. Soybean meal exports rose over 55% in October from a month ago due to a drop in its price and a pickup in demand from the traditional Southeast Asian market. The contract for November delivery was trading at Rs 3023, up by 1.31% or Rs 39 from its previous closing of Rs 2984.The open interest of the contract stood at 5080 lots. The contract for December delivery was trading at Rs 3069, up by 1.02% or Rs 31 from its previous closing of Rs 3038. The open interest of the contract stood at 137290 lots on NCDEX.
  • 5. 5 NEWS RECAP COMMODITY HEADLINES Farm Loan Outstanding At Near 10% Of GDP Coriander Extends Losses On Poor Physical Demand  Water Level of 91 Major Reservoirs of the Country Down 2 percent Water Storage In Major Reservoirs Up 27% On Year' Despite increase in state advised price, up sugar mills may retain profitability: ICRA Agricultural loan outstanding at Rs 12.6 lakh crore as of September 2016 Government to buy 2 million tonne pulses for buffer stock by next June Uttar Pradesh hikes sugarcane floor price ahead of crucial vote Demonetisation: Farmers can withdraw Rs 25,000 High coffee prices fail to add aroma to Chicory demand Fowl is fair for poultry firms on better economy, lower feed cost
  • 6. Spot quotes 6 Commodity Name Location Price Ref Soya Oil Nagpur 680 Ref Soya Oil Mumbai 672.5 Soy Bean Indore 3046 Soy Bean Nagpur 3030 Soy Bean Kota 3000 Soymeal Indore 24000 Sugar M Grade Kolhapur 3593.2 Sugar M Grade Kanpur 3865 Sugar M Grade Muzaffar Nagar 3789.25 Sugar M Grade Delhi 3845 Sugar M Grade Kolkatta 3905 Turmeric Nizamabad 7520.8 Commodity Name Location Price Barley Jaipur 1755 Chana Bikaner 7900 Chana Delhi 8111 Chana Indore 7923.35 Coriander Kota 7587.2 Cotton Kadi 18154.55 Guar Gum 5MT Jodhpur 6191.55 GUAR SEED 2 MT Jodhpur 3325 Guarseed Bikaner 3300 Jeera Unjha 18218.75 Mustard seed Jaipur 4778.15 Mustard seed Alwar 4720.25 Ref Soya Oil Indore 689.4
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