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WEEKLY AGRI COMMODITY REPORT
27 JUNE 2016
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1
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Weekly Wrap Up
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
JUNE 6905 7319 6905 7273 +5.93 18760
INTRADAY
LEVELS
SUPPORT SUPP.1
7012
SUPP. 2
6752
PIVOT
7166
Coriander short term
trend is bearish and
may continue in coming
days.RESISTAN
CE
RES. 1
7426
RES. 2
7580
CASTORSEED
- - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTAN
CE
RES. 1
-
RES. 2
-
TURMERIC
JUNE 7930 8260 7900 8160 +3.26 31810
INTRADAY
LEVELS
SUPPORT SUPP. 1
7953
SUPP. 2
7747
PIVOT
8107
Turmeric short term
trend is bearish and
may continue in coming
days.RESISTAN
CE
RES. 1
8313
RES. 2
8467
GUARGUM
JUNE 5200 5610 5160 5420 +4.23 72966
INTRADAY
LEVELS
SUPPORT SUPP. 1
5183
SUPP. 2
4947
PIVOT
5397
Guargum Short term
trend is bearish and
may continue in
coming days.RESISTAN
CE
RES. 1
5633
RES. 2
5847
Weekly Recommendations
3
BUY CORIANDER JULY ABOVE 7320 TARGET 7540 7810 SL BELOW 7060
SELL CORIANDER JULY BELOW 7210 TARGET 6990 6720 SL ABOVE 7360
BUY GUARGUM JULYABOVE 5680 TARGET 5860 6060 SL BELOW 5480
SELL GUARGUM JULYBELOW5160 TARGET 4980 4780 SL ABOVE 5360
Commodities In News
4
ECONOMIC NEWS
Policy makers and agricultural experts are not too sure whom to trust
when it comes to weather and this is hampering them from taking the right
decision on planting, especially cotton crop.While some of them rely on
forecasts by the India Metereological department, others seek inputs from
public and private agencies to decide on sowing patterns.Based on the
forecast of a dry spell of about 10-15 days in July in central India, Nagpur-
based Central Institute of Cotton Research (CICR) has advised farmers to
complete cotton sowing by June end to avoid resowing. Though India is
the top exporter of cotton in the world, large tracts of cotton acreage are
dependent on monsoons for irrigation. Cotton seeds being expensive, the
stakes are high for cotton farmers."We use forecast of 4-5 different
agencies, including public and private ones. We also use the 90-day
forecast given by one private agency," said Keshav Kranthi, director,
CICR. A CICR advisory issued for June 13-19 for Gujarat states, "A
prolonged dry spell is expected in Ahmedabad, Vadodara, Patan and
Mehsana districts from the third mers to follow advisories based only on
the IMD's forecast."We want farmers to base their decisions on forecast
from only the official agencies,"said an official.The experimental forecast
by Pune-based Indian Institute of Tropical Meteorology too shows some
decrease in rainfall in central India in July. "As of now, we can give
predictions for the next 20 days. A clear picture on the July rainfall will be
possible towards June-end. We have forecast above normal rains for
July,"said DS Pai, head (long range forecasting), IMD.Monsoon is likely
to withdraw from India later than usual this year, with a vigorous spell of
rains towards the tail end of the season that typically ends in September,
the chief of the weather office said on Friday.The deficiency in June rains
will also narrow in the days the come, Laxman Singh Rathore told ."There
is a strong possibility that the terminal phase will be wetter and the
withdrawal will be later than normal," Rathore said.Monsoon rains, vital
for India's farm-dependent economy and its 1.3 billion people, arrive at the
southern coast of Kerala state by June 1 and start retreating by September
from the western state of Rajasthan.
Jeera on NCDEX settled up on anticipation of improved export demand in
coming months. Further, lower arrival of cumin in the spot market is mainly
due to lower crop this season and farmer's engagement with kharif crop
cultivation too fuelled the uptrend. Exporters reported active in the domestic
market. Export demand reported as compared to last year in the spot market
due to good quality supply. During the week period Jeera export reports
2348 tonnes. According to Dept of Commerce data, the export of jeera
during 2015- 16 (Apr-Feb) surged to 93,539 tonnes compared to 1.56 lt
exported last year same period.The exports for 2015-16 declined compared
to last year. As per third advance estimate of Gujarat State for 2015-16,
production is pegged at 2.13 lt higher by about 7% forecasted in revised
fourth advance estimate of 1.97 lt. In 2013-14, production was 3.46 lt.
Industrial buyers have already sourced sufficient quantity for the domestic
requirements but the export demand may pick up as prices have been going
down since last one month. In the next few months, the prices will depend
on export demand.
Turmeric on NCDEX settled up on expectation of weak supplies in the
physical market. Though, some gains were capped on lack of upcountry
demand. Good sowing progress in Karnataka and Tamilnadu may pressurize
prices in coming weeks. The prices may be range bound to higher on reports
of forecast of above normal rains in turmeric growing area in south
India.Turmeric arrivals have been higher in February, March and April
compared to last year but the arrivals have slowed in May as per data.
However, the arrivals are higher by 105% in May 2016 compared to last
year same month. As per dept of commerce data, turmeric exports in 2015-
16 are pegged at 85,426 tonnes while the export for the 2014-15 was 90,738
tonnes for the same period. Producers are releasing their lower or medium
grade Turmeric and holding premium quality in the anticipation of better
return ahead on anticipation of some weather disturbances in the coming
monsoon. Spot turmeric prices at Erode markets were up Rs. 100 a quintal.
5
NEWS RECAP
COMMODITY HEADLINES
Monsoon's June deficiency to narrow: Weather office.
 Food Corporation of India to raise Rs 20,000 crore short-term loan.
Tea auction throughout the whole country has gone under dead lock.
 Cotton farmers confused as forecasts unpredictable as weather.
 India to tap Israel's renowned drip irrigation expertise.
 No need for licensing pact with GM technology provider: NSAI.
 Maharashtra okays Rs 2,000-crore bank guarantee for farm loans.
 Kharif sowing begins as monsoon finally hits north, central India.
 India to build 8 lakh tonne pulses buffer stock: Commerce Minister Nirmala Sitharaman.
 Take over the defaulting sugar mills: Sanjeev Balyan to UP government.
 Monsoon rains cover half of India; to accelerate sowing.
SPOT QUOTES
6
COMMODITY NAME LOCATION PRICE
Ref Soya Oil Nagpur 641
Ref Soya Oil Mumbai 630
Soy Bean Indore 3902
Soy Bean Nagpur 3983.1
Soy Bean Kota 3700
Soymeal Indore 34275
Sugar M Grade Kolhapur 3630
Sugar M Grade Kanpur 3762.2
Sugar M Grade Muzaffar Nagar 3693.2
Sugar M Grade Delhi 3695
Sugar M Grade Kolkatta 3810
Turmeric Nizamabad 8411.1
COMMODITY NAME LOCATION PRICE
Barley Jaipur 1624.75
Chana Bikaner 7010
Chana Delhi 7211.1
Chana Indore 6833.05
Coriander Kota 7372.3
Cotton Kadi 19481.15
Guar Gum Jodhpur 5446.25
GUAR SEED 2 MT Jodhpur 3100
Guarseed Bikaner 3060
Jeera Unjha 17762.5
Mustardseed Jaipur 4800
Mustardseed Alwar 4720.25
Ref Soya Oil Indore 640
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Epic research weekly agri report 27th june 2016

  • 1. WEEKLY AGRI COMMODITY REPORT 27 JUNE 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 YOURMINTVISORY Call us at +91-731-6642300
  • 2. Weekly Wrap Up 2 MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL CORIANDER JUNE 6905 7319 6905 7273 +5.93 18760 INTRADAY LEVELS SUPPORT SUPP.1 7012 SUPP. 2 6752 PIVOT 7166 Coriander short term trend is bearish and may continue in coming days.RESISTAN CE RES. 1 7426 RES. 2 7580 CASTORSEED - - - - - - - INTRADAY LEVELS SUPPORT SUPP. 1 - SUPP. 2 - PIVOT - - RESISTAN CE RES. 1 - RES. 2 - TURMERIC JUNE 7930 8260 7900 8160 +3.26 31810 INTRADAY LEVELS SUPPORT SUPP. 1 7953 SUPP. 2 7747 PIVOT 8107 Turmeric short term trend is bearish and may continue in coming days.RESISTAN CE RES. 1 8313 RES. 2 8467 GUARGUM JUNE 5200 5610 5160 5420 +4.23 72966 INTRADAY LEVELS SUPPORT SUPP. 1 5183 SUPP. 2 4947 PIVOT 5397 Guargum Short term trend is bearish and may continue in coming days.RESISTAN CE RES. 1 5633 RES. 2 5847
  • 3. Weekly Recommendations 3 BUY CORIANDER JULY ABOVE 7320 TARGET 7540 7810 SL BELOW 7060 SELL CORIANDER JULY BELOW 7210 TARGET 6990 6720 SL ABOVE 7360 BUY GUARGUM JULYABOVE 5680 TARGET 5860 6060 SL BELOW 5480 SELL GUARGUM JULYBELOW5160 TARGET 4980 4780 SL ABOVE 5360
  • 4. Commodities In News 4 ECONOMIC NEWS Policy makers and agricultural experts are not too sure whom to trust when it comes to weather and this is hampering them from taking the right decision on planting, especially cotton crop.While some of them rely on forecasts by the India Metereological department, others seek inputs from public and private agencies to decide on sowing patterns.Based on the forecast of a dry spell of about 10-15 days in July in central India, Nagpur- based Central Institute of Cotton Research (CICR) has advised farmers to complete cotton sowing by June end to avoid resowing. Though India is the top exporter of cotton in the world, large tracts of cotton acreage are dependent on monsoons for irrigation. Cotton seeds being expensive, the stakes are high for cotton farmers."We use forecast of 4-5 different agencies, including public and private ones. We also use the 90-day forecast given by one private agency," said Keshav Kranthi, director, CICR. A CICR advisory issued for June 13-19 for Gujarat states, "A prolonged dry spell is expected in Ahmedabad, Vadodara, Patan and Mehsana districts from the third mers to follow advisories based only on the IMD's forecast."We want farmers to base their decisions on forecast from only the official agencies,"said an official.The experimental forecast by Pune-based Indian Institute of Tropical Meteorology too shows some decrease in rainfall in central India in July. "As of now, we can give predictions for the next 20 days. A clear picture on the July rainfall will be possible towards June-end. We have forecast above normal rains for July,"said DS Pai, head (long range forecasting), IMD.Monsoon is likely to withdraw from India later than usual this year, with a vigorous spell of rains towards the tail end of the season that typically ends in September, the chief of the weather office said on Friday.The deficiency in June rains will also narrow in the days the come, Laxman Singh Rathore told ."There is a strong possibility that the terminal phase will be wetter and the withdrawal will be later than normal," Rathore said.Monsoon rains, vital for India's farm-dependent economy and its 1.3 billion people, arrive at the southern coast of Kerala state by June 1 and start retreating by September from the western state of Rajasthan. Jeera on NCDEX settled up on anticipation of improved export demand in coming months. Further, lower arrival of cumin in the spot market is mainly due to lower crop this season and farmer's engagement with kharif crop cultivation too fuelled the uptrend. Exporters reported active in the domestic market. Export demand reported as compared to last year in the spot market due to good quality supply. During the week period Jeera export reports 2348 tonnes. According to Dept of Commerce data, the export of jeera during 2015- 16 (Apr-Feb) surged to 93,539 tonnes compared to 1.56 lt exported last year same period.The exports for 2015-16 declined compared to last year. As per third advance estimate of Gujarat State for 2015-16, production is pegged at 2.13 lt higher by about 7% forecasted in revised fourth advance estimate of 1.97 lt. In 2013-14, production was 3.46 lt. Industrial buyers have already sourced sufficient quantity for the domestic requirements but the export demand may pick up as prices have been going down since last one month. In the next few months, the prices will depend on export demand. Turmeric on NCDEX settled up on expectation of weak supplies in the physical market. Though, some gains were capped on lack of upcountry demand. Good sowing progress in Karnataka and Tamilnadu may pressurize prices in coming weeks. The prices may be range bound to higher on reports of forecast of above normal rains in turmeric growing area in south India.Turmeric arrivals have been higher in February, March and April compared to last year but the arrivals have slowed in May as per data. However, the arrivals are higher by 105% in May 2016 compared to last year same month. As per dept of commerce data, turmeric exports in 2015- 16 are pegged at 85,426 tonnes while the export for the 2014-15 was 90,738 tonnes for the same period. Producers are releasing their lower or medium grade Turmeric and holding premium quality in the anticipation of better return ahead on anticipation of some weather disturbances in the coming monsoon. Spot turmeric prices at Erode markets were up Rs. 100 a quintal.
  • 5. 5 NEWS RECAP COMMODITY HEADLINES Monsoon's June deficiency to narrow: Weather office.  Food Corporation of India to raise Rs 20,000 crore short-term loan. Tea auction throughout the whole country has gone under dead lock.  Cotton farmers confused as forecasts unpredictable as weather.  India to tap Israel's renowned drip irrigation expertise.  No need for licensing pact with GM technology provider: NSAI.  Maharashtra okays Rs 2,000-crore bank guarantee for farm loans.  Kharif sowing begins as monsoon finally hits north, central India.  India to build 8 lakh tonne pulses buffer stock: Commerce Minister Nirmala Sitharaman.  Take over the defaulting sugar mills: Sanjeev Balyan to UP government.  Monsoon rains cover half of India; to accelerate sowing.
  • 6. SPOT QUOTES 6 COMMODITY NAME LOCATION PRICE Ref Soya Oil Nagpur 641 Ref Soya Oil Mumbai 630 Soy Bean Indore 3902 Soy Bean Nagpur 3983.1 Soy Bean Kota 3700 Soymeal Indore 34275 Sugar M Grade Kolhapur 3630 Sugar M Grade Kanpur 3762.2 Sugar M Grade Muzaffar Nagar 3693.2 Sugar M Grade Delhi 3695 Sugar M Grade Kolkatta 3810 Turmeric Nizamabad 8411.1 COMMODITY NAME LOCATION PRICE Barley Jaipur 1624.75 Chana Bikaner 7010 Chana Delhi 7211.1 Chana Indore 6833.05 Coriander Kota 7372.3 Cotton Kadi 19481.15 Guar Gum Jodhpur 5446.25 GUAR SEED 2 MT Jodhpur 3100 Guarseed Bikaner 3060 Jeera Unjha 17762.5 Mustardseed Jaipur 4800 Mustardseed Alwar 4720.25 Ref Soya Oil Indore 640
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