WEEKLY AGRI COMMODITY REPORT 05DEMBER 2016 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 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 18002009454 All queries should be directed to Info@epicresearch.co YOUR MINTVISORY Call us at +917316642300 1
Weekly Wrap Up MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL CORIANDER DEC 8150 8300 7837 8010 3.13 8750 CASTORSEED SUPPORT SUPP.1 SUPPORT SUPP. 1 7798 7586 8261 8512 8049 Coriander short term trend is bearish and may continue in coming days. TURMERIC DEC 7350 7398 7212 7264 0.86 6515 GUARGUM NOV 6425 6505 6366 6373 0.52 6330 SUPPORT SUPP. 1 SUPPORT SUPP. 1 7185 7371 7105 7477 7291 Turmeric short term trend is bearish and may continue in coming days. 6324 6463 6276 6554 6415 Guargum Short term trend is bearish and may continue in coming days. 2
Weekly Recommendations BUY CORIANDER DEC ABOVE 8085 TARGET 8100 8265 SL BELOW 8055 SELL CORIANDER DEC BELOW 7925 TARGET 7850 7745 SL ABOVE 7955 BUY GUARGUM5 DEC ABOVE 6440 TARGET 6510 6600 SL BELOW 6390 SELL GUARGUM5 DEC BELOW 6300 TARGET 6200 6120 SL ABOVE 6350 3
Commodities In News At higher levels buyers reported inactive in the spot market. Current year sowing area reported up in Gujarat also reported ontime sowing due to favourable weather. As per Agriwatch technical analysis, Jeera December contract may come down to Support 1 Rs.18000 and Support 2 Rs.17500/qtl. At higher levels near Rs.18900/qtl profit booking may continue. However, lower stocks may support Jeera prices from lower levels. Soyabean futures edged higher on NCDEX after speculators raised their bets on strong demand for oil and meal due to positive crushing margin. However, some gains were capped by improving arrivals in the physical market and expectations that the peak arrivals will be observed during the month of December. The contract for December delivery was trading at Rs 3133, up by 0.55% or Rs 17.00 from its previous closing of Rs 3116. The open interest of the contract stood at 112120 lots. The contract for January delivery was trading at Rs 3200, up by 0.57% or Rs 18.00 from its previous close of Rs 3182. Coriander futures traded higher on NCDEX as participants built up fresh positions on the back of pickup in demand in the spot market. Besides, tight stock positions following limited supply from major producing belts also fuelled the uptrend. The contract for December delivery was trading at Rs 7960.00, up by 0.68% or Rs 54.00 from its previous closing of Rs 7906.00. The open interest of the contract stood at 5350 lots. Turmeric futures edged higher on NCDEX on receipt of some fresh demand from North India, Further, expectation of heavy rains in the Turmeric growing areas of Tamil Nadu, Andhra Pradesh and Telengana too fuelled the uptrend. The contract for December delivery was trading at Rs 7278, up by 0.33% or Rs 24 from its previous closing of Rs 7254. The open interest of the contract stood at 7180 lots. The contract for April delivery was trading at Rs 6970, up by 0.52% or Rs 36 from its previous closing of Rs 6934. ECONOMIC NEWS The Water storage available in 91 major reservoirs of the country for the week ending on December 01, 2016 was 102.841 BCM, which is 65% of total storage capacity of these reservoirs. This was 126% 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 6 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 10.48 BCM which is 58% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 67% and average storage of last ten years during corresponding period was 67% of live storage capacity of these reservoirs. RBI has come up with a new advisory for making cash available for Rabi Crop Season.In continuation of the above and to ensure that adequate allocation of banknotes are made for the rural branches, post offices and DCCBs, the banks are advised to involve the district coordinators (Lead District Managers) functioning under the aegis of the State Level Bankers Committee (SLBC) in facilitating / planning distribution of currency from the currency chests. Following the cancellation of legal tender character of old Rs. 500 and Rs.1000 notes, a number of measures have been announced by the Union Government, taking into consideration the requirements of various sections of society. Special measures like higher cash drawal limits for farmers and registered traders in APMC markets/mandis, extension of time limit for payment of crop insurance premium, purchase of seeds with old high denomination bank notes of Rs. 500 from certain select Government Centres etc., have already been announced for the benefit of the farmers. Steps have been taken to ensure availability of cash in rural branches of Banks and 1.55 lakh Post Offices. 4
NEWS RECAP COMMODITY HEADLINES Veggie wholesale rates crash, retail prices only dip in cities Centre adds 42 new seed varieties to Organisation for Economic Cooperation and Development list Sugar prices expected to remain firm in the near term: IRCA Traders making Rs 2.5 crore turnover a day from Kadalekai Parishe Import Flow Of Pulses Continue To Increase,Pressure On Price Likely Water Storage In Major Reservoirs Up 26% On Year RBI Issues Fresh Advisory To Banks For Making Cash Available For Rabi Season Demand For Pulses Is Increasing By 10 Lakh Tonne Per Year Jeera December Contract Reported Down by 1.26% due to Profit Booking 3.26cr farmers enroll for crop insurance in 2016 kharif season Cane arrears at Rs 1,147 crore for last two seasons 5
Spot quotes Commodity Name Location Price Commodity Name Location Price Barley Jaipur 1795.05 Ref Soya Oil Nagpur 730 Chana Bikaner 7900 Chana Delhi 8111 Chana Indore 7923.35 Coriander Kota 7882.3 Ref Soya Oil Soy Bean Soy Bean Mumbai Indore Nagpur 725 3131 3055.25 Cotton Kadi 18859.65 Soy Bean Kota 3025 Guar Gum 5MT Jodhpur 6348.2 Soymeal Indore 24500 GUAR SEED 2 MT Jodhpur 3430.75 Kolhapur 3570 Guarseed Bikaner 3375 Kanpur 3798.5 Jeera Unjha 18762.5 Muzaffar Nagar 3742.85 Mustard seed Jaipur 4865.05 Delhi 3770 Mustard seed Alwar 4849 Kolkatta 3850 Ref Soya Oil Indore 732.45 Turmeric Nizamabad 7630 6
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