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1 DAILY AGRI COMMODITY REPORT 27 JUNE 2017 Epic Research India 411 Milinda Manor (Suites ) 2 RNT Marg. Opp Central Mall Indore (M.P.) Hotline: Alternate: Or give us a missed call at Our Presence HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: Toll Free Number All queries should be directed to Info@epicresearch.co YOUR MINTVISORY Call us at

2 Market Views MONT H OPEN HIGH LOW CLOS E % CHG VOL MONT H OPEN HIGH LOW CLOS E % CHG VOL CORIANDER CASTORSEED JUL SUPPORT SUPP.1 SUPPORT SUPP RESISTAN CE Coriander short term trend is bearish and may continue in coming days. RESISTA NCE TURMERIC JUL GUARGUM 5MT JUL SUPPORT SUPP. 1 SUPPORT SUPP RESISTAN CE Turmeric short term trend is bearish and may continue in coming days. RESISTAN CE Guargum Short term trend is bearish and may continue in coming days. 2

3 Most Active Contract TOP GAINERS NCDEX INDICES Symbol Expiry Date Current Price Change Change % Index Value Pre. Close % Change CORIANDER % JEERA % Castorseed Chana TURMERIC % Coriander COTTON SEED OIL CAKE AKOLA % Guargum5MT TOP LOSERS Symbol Expiry Date Current Price Change Change % Jeera WHEAT % Musterseed GUAR SEED 10 MT % Soybean V 797 KAPAS % Turmeric

4 Commodities In News Turmeric futures traded higher on NCDEX as participants created positions, triggered by uptick in domestic as well export demand in the spot market. Besides, restricted supplies from producing regions also added support to turmeric prices uptrend. The contract for July delivery was trading at Rs , up by 2.73% or Rs from its previous closing of Rs The open interest of the contract stood at lots. The contract for August delivery was trading at Rs , up by 2.73% or Rs from its previous closing of Rs The open interest of the contract stood at 2635 lots on NCDEX. Jeera futures traded up on NCDEX after participants widened positions backed by rising demand at the spot market. Moreover, restricted supplies from the producing regions and some export enquiries too supported the uptrend. The contract for July delivery was trading at Rs , up by 1.24% or Rs from its previous closing of Rs The open interest of the contract stood at lots. The contract for August delivery was trading at Rs , up by 1.18% or Rs from its previous closing of Rs The open interest of the contract stood at 3390 lots on NCDEX. Soybean futures traded marginally higher on NCDEX as speculators enlarged their positions on reports of slow progress of soybean planting and lower arrivals in physical markets. However, some gains were limited on weak physical demand and reports of monsoon rains may cover soybean belt in Madhya Pradesh, Maharashtra and Rajasthan before the beginning of July. The contract for July delivery was trading at Rs , up by 0.18% or Rs 5.00 from its previous closing of Rs The open interest of the contract stood at lots. The contract for August delivery was trading at Rs , up by 0.14% or Rs 4.00 from its previous closing of Rs The open interest of the contract stood at lots on NCDEX. ECONOMIC NEWS With Kenya and Sri Lanka, the major exporters of bulk tea witnessing erratic cropping patterns thereby leading to supply side issues, the demand for Indian teas has increased in the global markets, according to an ICRABSE 0.36 % report. Export volumes during first four months of CY2017 have increased by around 5.7%; the realizations also witnessed an increase, albeit modestly, at 5.6%. According to ICRA, the continuation of such a favourable export scenario going forward, would have a positive impact on domestic prices as well. However, continuing cost pressures, primarily attributable to the increase in wage rates, would keep margins under check. In the first four months of CY2017 under consideration, black tea production in the major teagrowing countries of India, Kenya and Sri Lanka witnessed a degrowth of 11%, primarily due to significant drop in Kenyan production. Foodgrains trade body IPGA has demanded that the government allow traders methyl bromide fumigation of all imported agricommodities at Indian ports till June 2018 to ensure smooth supply. In March, the agriculture ministry had extended till this month the deadline on exemption given to traders for fumigating all imported agricommodities including pulses at Indian ports instead of the country of origin. "We have sincerely urged the government to allow methyl bromide fumigation at Indian ports for next one year," India Pulses and Grains Association (IPGA) Chairman Pravin Dongre said. IPGA CEO Pradeep Ghorpade said the import volumes will be affected and consignments will become costlier if methyl bromide fumigation is not allowed after this month. According to the March order, the consignments of all imported agricommodities, whose date of bill of lading in the country of export is June 30, 2017 or before will be allowed without offshore methyl bromide fumigation from those countries, which certify discontinuance of this chemical for phytosanitary measure. India produced a record million tonnes of pulses in the crop year and imported about 6 million tonnes of pulses last fiscal, resulting in sharp fall in domestic prices and causing distress to farmers. 4

5 Technical Outlook BUY CORIANDER APR ABOVE 5180 TARGET SL BELOW 5130 BUY TURMERIC MAY ABOVE 6420 TARGET SL BELOW 6370 BUY GUARGUM5 MAY ABOVE 6800 TARGET SL BELOW

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