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YOUR MINTVISORY Call us at +91-731-6642300
WEEKLY COMMODITY REPORT
18th AUGUST 2014
Our Presence
Epic Research India
411 Milinda Manor (Suites 409- 417)
2 RNT Marg. Opp Cental 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
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
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YOUR MINTVISORY Call us at +91-731-6642300
WEEKLY WRAP UP
MONTH OPEN HIGH LOW CLOSE % CHG
OI (in
Lots)
VOL
DHANIYA
SEP. 12150 12289 11551 11656 -4.91 85250 85250
INTRADAY
LEVELS
SUPPORT SUPP. 1
11375
SUPP. 2
11094
PIVOT
11832
RESISTANCE
RES. 1
12113
RES. 2
12570
WEEKLY TREND
Dhaniya short term trend is up ,
may continue in coming days
MONTH OPEN HIGH LOW CLOSE
%
CHANGE
OI (in
lots)
VOL
CASTORSEED
SEP. 4327 4368 4251 4308 -0.32 108160 428880
INTRADAY
LEVELS
SUPPORT
SUPP. 1
4250
SUPP. 2
4192
PIVOT
4309
RESISTANCE
RES. 1
4367
RES. 2
4426
WEEKLY TREND
Castorseed short term trend is up ,
may continue in coming days.
SOYABEAN
OCT. 3566 3678 3510 3510 1.40 65420 289750
INTRADAY
LEVELS
SUPPORT
SUPP. 1
3454
SUPP. 2
3398
PIVOT
3566
RESISTANCE
RES. 1
3622
RES. 2
3734
WEEKLY TREND
Soybean price is in down trend and
may continue in upcoming days
GUARGUM
OCT. 15100 16400 14920 15990 5.33 7174 38758
INTRADAY
LEVELS
SUPPORT
SUPP. 1
15140
SUPP. 2
14290
PIVOT
15770
RESISTANCE
RES. 1
16620
RES. 2
17250
WEEKLY TREND
Guargum short term trend is up ,
may continue in coming days
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YOUR MINTVISORY Call us at +91-731-6642300
BUY DHANIYA SEP ABOVE 11700 TGTS 11800,11900 SL 11550
SELL DHANIYA SEP BELOW 11550 TGTS 11450,11350 SL 11700
WEEKLY RECOMMENDATIONS
DHANIYA (SEP.)
GUARGUM (OCT.)
GUARSEED (AUG.)
BUY GUARGUM OCT ABOVE 16060 TGTS 16260,16460 SL 15810
SELL GUARGUM OCT BELOW 15760 TGTS 15560 , 15360 SL 16010
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YOUR MINTVISORY Call us at +91-731-6642300
COMMODITIES IN NEWS
CORIANDER
Coriander prices fell by 1.75 per cent on Thursday at the National Commodity & Derivatives
Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put
pressure on coriander prices. At the NCDEX, coriander futures for August 2014 contract were
trading at Rs. 11,365 per quintal, down by 1.75 per cent, after opening at Rs. 11,330 against
the previous closing price of Rs. 11,567. It touched the intra-day low of Rs. 11,300 till the
tradesman in the market. Coriander is common in South Asian, Middle Eastern, Central
Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and
Scan dinavianing. (At 11.33 AM today). Sentiment weakened further as speculators reduced
their positions on the back of sluggish
.
JEERA
Jeera futures pared the previous gains on short selling on improved arrivals, weak demand
amid on technical cues. The NCDEX Jeera September delivery settled the day at Rs 11,225,
down Rs 85 or 0.75%. Selling extended in spot Jeera amid lack of demand at elevated levels
following rising arrivals. The total stocks in local mandies were almost double of the previous
year's level of 35 lakh bags due to record production in the current year.
SOYABEAN
According to ministry of agriculture, Kharif soybean sowing area has progressed to 107.77
lakh hectares as on 14 August 2014, but is still 10.96% lower than the 121.04 lakh hectares
sown by this time last year. Rains during the last 2-3 weeks support the sowing pace over key
growing belts and the numbers are likely to improve in the days ahead. State wise details, in
MP soybean has been sown in 56.59 lakh hectares, in Maharashtra sowing reached to 35.12
lakh hectares and in Rajasthan sowing reached to 8.16 lakh hectares.
ECONOMIC NEWS
 The July wholesale price inflation (WPI) came in at
5.19 percent (provisional), marginally higher than
CNBC-TV18 poll of 5.16 percent. The 2013 July
wholesale price inflation stood higher at 5.85 per-
cent. Alongside, the government has revised May
inflation numbers higher at 6.18 percent, marking it
the third revision of prices in recent months. How-
ever, July core inflation declined to 3.32 percent
against 3.9 percent in the previous month. The
movement of the index for the various commodity
groups is summarized below Primary Articles
(Weight 20.12 percent): This index rose by 2.7 per-
cent due to a spike in certain food articles like fruits
& vegetables, wheat and poultry & meat products.
 However, Primary Articles inflation saw a slight de-
cline to 6.78 percent versus 6.84 percent (MoM). The
non-food articles index rose marginally by 0.8 per-
cent. Food Article Index: This index rose to 3.56 per-
cent in July whereas food articles inflation grew to
8.43 percent Vs 8.14 percent (MoM). Fuel & Power
(Weight 14.91 percent): The index for this major
group rose by 1.1 percent since June due to higher
petrol, high speed diesel and aviation turbine fuel
prices. But fuel and power group inflation declined
to 7.40 percent from 9.04 percent in June. Manufac-
tured Products
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YOUR MINTVISORY Call us at +91-731-6642300
NEWS RECAP
COMMODITY HEADLINES
 High interest rates will help in long-run: Rajan
 Inflation in services more evident than merchandise: ASSOCHAM study
 USDINR likely to trade with positive bias, upside resistance capped at 60.70s
 China Soybean Imports climb to 7.475 mn tons in July
 India raises Sugar export subsidy to Rs 3371/ ton: Govt
 India food inflation may not rise on Monsoon progress: CRISIL
 NCDEX to have new membership category for its proposed forward contracts
 WPI inflation eases to 5-month low of 5.19% in July
 New Base Import Price For Edible oils
 Low growth, high inflation not acceptable: Jaitley

Petrol prices may fall by Rs 2.50 by Independence day
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YOUR MINTVISORY Call us at +91-731-6642300
SOYABEAN
Soybean (plant delivery, Indore) edged-up on supportive buying while RM seed, Jaipur, eased on slack in demand as the buy-
ers are anticipating further fall in the seed prices. China sold out 23.07% at 82,489 metric tons (tones) of the 357,598 tones of
state reserve soybeans available at an auction on Tuesday - National Grain and Oil Trade Center. Soybean arrivals in Madhya
Pradesh remained flat at 22,000 bags compared to Wednesday’s level. All India arrivals of RM seed too remained steady at
95,000 bags compared Wednesday's level. Besides, RM seed arrivals in Rajasthan too remained flat at 0.5 lakh bags compared
to Wednesday’s level US soybean crop is reported under good condition. Soybean blooming, as on Aug 10, is reported at 92%
which is slightly above 5 year average of 91% and above 87% compared to the same period last year. The crop is 72% in pod
formation stage which is above 5 year average of 65% and also higher as compared to 55% during the same period last year.
Further, the crop is 70% in good to excellent condition, which is better than last year. The Chinese government is set to sell a
total of 3 million tones of soybeans from reserves this year which is estimated to produce 500,000 tones of soy oil and will fur-
ther weigh on the 1-million-tonnes of commercial edible oil stocks.
COTTON
FUNDAMENTAL & MANDI NEWS
Cotton mills in Tamil Nadu have asked the state government to relax cabotage rules, so that foreign flag vessels can be used to
transport cotton from Gujarat and Maharashtra to mills in the state, and thereby reduce freight charges on the material. The
mills have said that cotton production in the state is just a fraction of the total demand of 12 million bales.
Confirming the industry's request to the government for the relaxation, T Rajkumar, chairman, Southern India Mills Associa-
tion (SIMA) said, "The reason we are demanding this is that cotton production in the state is only 500,000 to 600,000 bales as
against the requirement of 12 million nbales cotton."
Registration of cotton yarn exports during the year increased significantly to 1,415 million kgs, 32.6 per cent higher than pre-
vious year's 1,067 million kgs. Average month-end stock of all yarn stood at 194 million kgs, 14.84 per cent higher than previ-
ous year's 169 million kgs, he said. Though there has been an increase in the registrations of cotton yarn exports, the average
month-end stock during the year stood at 126 million kgs, 12.5 per cent higher than previous year's 112 million kgs. There
was no no shortage of cotton yarn at any point of time during 2013-14 in the domestic market, Rajkumar noted.
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YOUR MINTVISORY Call us at +91-731-6642300
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 re-
sponsibility (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 es-
timates 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 ex-
pressed 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
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Weekly agri report by epic research 18 aug 2014

  • 1. YOUR MINTVISORY Call us at +91-731-6642300 WEEKLY COMMODITY REPORT 18th AUGUST 2014 Our Presence Epic Research India 411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Cental 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 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 Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  • 2. YOUR MINTVISORY Call us at +91-731-6642300 WEEKLY WRAP UP MONTH OPEN HIGH LOW CLOSE % CHG OI (in Lots) VOL DHANIYA SEP. 12150 12289 11551 11656 -4.91 85250 85250 INTRADAY LEVELS SUPPORT SUPP. 1 11375 SUPP. 2 11094 PIVOT 11832 RESISTANCE RES. 1 12113 RES. 2 12570 WEEKLY TREND Dhaniya short term trend is up , may continue in coming days MONTH OPEN HIGH LOW CLOSE % CHANGE OI (in lots) VOL CASTORSEED SEP. 4327 4368 4251 4308 -0.32 108160 428880 INTRADAY LEVELS SUPPORT SUPP. 1 4250 SUPP. 2 4192 PIVOT 4309 RESISTANCE RES. 1 4367 RES. 2 4426 WEEKLY TREND Castorseed short term trend is up , may continue in coming days. SOYABEAN OCT. 3566 3678 3510 3510 1.40 65420 289750 INTRADAY LEVELS SUPPORT SUPP. 1 3454 SUPP. 2 3398 PIVOT 3566 RESISTANCE RES. 1 3622 RES. 2 3734 WEEKLY TREND Soybean price is in down trend and may continue in upcoming days GUARGUM OCT. 15100 16400 14920 15990 5.33 7174 38758 INTRADAY LEVELS SUPPORT SUPP. 1 15140 SUPP. 2 14290 PIVOT 15770 RESISTANCE RES. 1 16620 RES. 2 17250 WEEKLY TREND Guargum short term trend is up , may continue in coming days Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  • 3. YOUR MINTVISORY Call us at +91-731-6642300 BUY DHANIYA SEP ABOVE 11700 TGTS 11800,11900 SL 11550 SELL DHANIYA SEP BELOW 11550 TGTS 11450,11350 SL 11700 WEEKLY RECOMMENDATIONS DHANIYA (SEP.) GUARGUM (OCT.) GUARSEED (AUG.) BUY GUARGUM OCT ABOVE 16060 TGTS 16260,16460 SL 15810 SELL GUARGUM OCT BELOW 15760 TGTS 15560 , 15360 SL 16010 Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  • 4. YOUR MINTVISORY Call us at +91-731-6642300 COMMODITIES IN NEWS CORIANDER Coriander prices fell by 1.75 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for August 2014 contract were trading at Rs. 11,365 per quintal, down by 1.75 per cent, after opening at Rs. 11,330 against the previous closing price of Rs. 11,567. It touched the intra-day low of Rs. 11,300 till the tradesman in the market. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scan dinavianing. (At 11.33 AM today). Sentiment weakened further as speculators reduced their positions on the back of sluggish . JEERA Jeera futures pared the previous gains on short selling on improved arrivals, weak demand amid on technical cues. The NCDEX Jeera September delivery settled the day at Rs 11,225, down Rs 85 or 0.75%. Selling extended in spot Jeera amid lack of demand at elevated levels following rising arrivals. The total stocks in local mandies were almost double of the previous year's level of 35 lakh bags due to record production in the current year. SOYABEAN According to ministry of agriculture, Kharif soybean sowing area has progressed to 107.77 lakh hectares as on 14 August 2014, but is still 10.96% lower than the 121.04 lakh hectares sown by this time last year. Rains during the last 2-3 weeks support the sowing pace over key growing belts and the numbers are likely to improve in the days ahead. State wise details, in MP soybean has been sown in 56.59 lakh hectares, in Maharashtra sowing reached to 35.12 lakh hectares and in Rajasthan sowing reached to 8.16 lakh hectares. ECONOMIC NEWS  The July wholesale price inflation (WPI) came in at 5.19 percent (provisional), marginally higher than CNBC-TV18 poll of 5.16 percent. The 2013 July wholesale price inflation stood higher at 5.85 per- cent. Alongside, the government has revised May inflation numbers higher at 6.18 percent, marking it the third revision of prices in recent months. How- ever, July core inflation declined to 3.32 percent against 3.9 percent in the previous month. The movement of the index for the various commodity groups is summarized below Primary Articles (Weight 20.12 percent): This index rose by 2.7 per- cent due to a spike in certain food articles like fruits & vegetables, wheat and poultry & meat products.  However, Primary Articles inflation saw a slight de- cline to 6.78 percent versus 6.84 percent (MoM). The non-food articles index rose marginally by 0.8 per- cent. Food Article Index: This index rose to 3.56 per- cent in July whereas food articles inflation grew to 8.43 percent Vs 8.14 percent (MoM). Fuel & Power (Weight 14.91 percent): The index for this major group rose by 1.1 percent since June due to higher petrol, high speed diesel and aviation turbine fuel prices. But fuel and power group inflation declined to 7.40 percent from 9.04 percent in June. Manufac- tured Products Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  • 5. YOUR MINTVISORY Call us at +91-731-6642300 NEWS RECAP COMMODITY HEADLINES  High interest rates will help in long-run: Rajan  Inflation in services more evident than merchandise: ASSOCHAM study  USDINR likely to trade with positive bias, upside resistance capped at 60.70s  China Soybean Imports climb to 7.475 mn tons in July  India raises Sugar export subsidy to Rs 3371/ ton: Govt  India food inflation may not rise on Monsoon progress: CRISIL  NCDEX to have new membership category for its proposed forward contracts  WPI inflation eases to 5-month low of 5.19% in July  New Base Import Price For Edible oils  Low growth, high inflation not acceptable: Jaitley  Petrol prices may fall by Rs 2.50 by Independence day Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
  • 6. YOUR MINTVISORY Call us at +91-731-6642300 SOYABEAN Soybean (plant delivery, Indore) edged-up on supportive buying while RM seed, Jaipur, eased on slack in demand as the buy- ers are anticipating further fall in the seed prices. China sold out 23.07% at 82,489 metric tons (tones) of the 357,598 tones of state reserve soybeans available at an auction on Tuesday - National Grain and Oil Trade Center. Soybean arrivals in Madhya Pradesh remained flat at 22,000 bags compared to Wednesday’s level. All India arrivals of RM seed too remained steady at 95,000 bags compared Wednesday's level. Besides, RM seed arrivals in Rajasthan too remained flat at 0.5 lakh bags compared to Wednesday’s level US soybean crop is reported under good condition. Soybean blooming, as on Aug 10, is reported at 92% which is slightly above 5 year average of 91% and above 87% compared to the same period last year. The crop is 72% in pod formation stage which is above 5 year average of 65% and also higher as compared to 55% during the same period last year. Further, the crop is 70% in good to excellent condition, which is better than last year. The Chinese government is set to sell a total of 3 million tones of soybeans from reserves this year which is estimated to produce 500,000 tones of soy oil and will fur- ther weigh on the 1-million-tonnes of commercial edible oil stocks. COTTON FUNDAMENTAL & MANDI NEWS Cotton mills in Tamil Nadu have asked the state government to relax cabotage rules, so that foreign flag vessels can be used to transport cotton from Gujarat and Maharashtra to mills in the state, and thereby reduce freight charges on the material. The mills have said that cotton production in the state is just a fraction of the total demand of 12 million bales. Confirming the industry's request to the government for the relaxation, T Rajkumar, chairman, Southern India Mills Associa- tion (SIMA) said, "The reason we are demanding this is that cotton production in the state is only 500,000 to 600,000 bales as against the requirement of 12 million nbales cotton." Registration of cotton yarn exports during the year increased significantly to 1,415 million kgs, 32.6 per cent higher than pre- vious year's 1,067 million kgs. Average month-end stock of all yarn stood at 194 million kgs, 14.84 per cent higher than previ- ous year's 169 million kgs, he said. Though there has been an increase in the registrations of cotton yarn exports, the average month-end stock during the year stood at 126 million kgs, 12.5 per cent higher than previous year's 112 million kgs. There was no no shortage of cotton yarn at any point of time during 2013-14 in the domestic market, Rajkumar noted. Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)
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