DAILY AGRI COMMODITY REPORT

23 September 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

Market Views

2

MONT

HOPEN HIGH LOW

CLOS

E % CHG VOL

MONT

HOPEN HIGH LOW

CLOS

E % CHG VOL

TURMERIC

SEP 6826 6900 6792 6856 0.47 3930

INTRADAY

LEVELS

SUPPORTSUPP.

1

6798

SUPP. 2

6741

PIVOT

6849

Turmeric short term

trend is bearish and May

continue in coming days.

RESISTA

NCE

RES. 1

6906

RES. 2

6957

CORIANDER

SEP 7530 7574 7460 7462 -1.24 3130

INTRADAY

LEVELS

SUPPORT SUPP.1

7423

SUPP. 2

7384

PIVOT

7498

Coriander short term

trend is bearish and May

continue in coming days.RESISTA

NCE

RES. 1

7537

RES. 2

7612

GUARGUM

OCT 7240 7310 7110 7120 -2.20 29914

INTRADAY

LEVELS

SUPPORT SUPP. 1

7050

SUPP. 2

6980

PIVOT

7180

Guargum short term

trend is bearish and May

continue in coming days.RESISTA

NCE

RES. 1

7250

RES. 2

7380

CASTORSEED

- - - - - - -

INTRADAY

LEVELS

SUPPORT SUPP. 1

-

SUPP. 2

-

PIVOT

--

RESISTA

NCE

RES. 1

-

RES. 2

-

Most Active Contract

3

NCDEX INDICES

Index ValuePre.

Close

%

Change

Castorseed - - -

Chana - - -

Coriander 7462 7460 -1.24

GUARGUM 7120 7280 -2.2

Jeera 17325 17355 -0.47

Mustard seed 4697 4708 -0.23

Soybean 3260 3252 0.25

Turmeric 6856 6824 0.47

TOP GAINERS

Symbol Expiry Date Current Price Change Change %

REF SOYA OIL 20-10-2016 670.50 5.00 0.75%

WHEAT 20-10-2016 1748.00 11.00 0.63%

SOY BEAN 20-10-2016 3260.00 9.00 0.28%

SUGAR M GRADE 20-10-2016 3510.00 7.00 0.20%

TOP LOSERS

Symbol Expiry Date Current Price Change Change %

GUAR SEED 10 MT 20-10-2016 3661.00 -59.00 -1.59%

GUAR GUM 20-10-2016 7120.00 -110.00 -1.52%

BARLEY 20-10-2016 1579.50 -14.50 -0.91%

Commodities In News

4

ECONOMIC NEWS

India's foodgrain production is estimated to rise by 9 per cent to an all-

time high of 135.03 million tonnes in the kharif season (summer sown) of

2016-17 on record output of rice and pulses following a good

monsoon. Foodgrain production stood at 124.01 million tonnes (MT) in the

kharif season of 2015-16 crop year (July-June). Higher output of pulses

will help soften retail prices, which have remained a major concern. Higher

output of pulses will help soften retail prices, which have remained a major

concern. The country's overall foodgrain production had fallen to around

252 MT level in each of the previous two full crop years (including kharif

and rabi) due to two consecutive years of drought. Agriculture Minister

Radha Mohan Singh today released the first advance estimate of foodgrain

output for the current 2016-17 crop year. Harvesting of kharif crops has

started. According to the data, rice production is estimated at an all-time

high 93.88 MT in the kharif season as against 91.31 MT in the last kharif.

State private sugar mills want govt to bail them out of financial distress,

ask govt to buy power at remunerative rates

About 30 private sugar mills in Karnataka have approached the

government offering to sell 500 MW of power. The offer is laced with a

veiled threat. A few of them have conveyed that they may find it difficult

to buy sugar cane from growers if the government does not support them

by buying power at a remunerative rate, ET learnt from multiple sources.

Sugar Mills Association's energy committee chairman Ravindra Singh

Singhvi said: "We are requesting the government to buy power from us on

a long-term basis through power purchase agreements (PPA). We are

hopeful the government will consider it". Many of Karnataka's sugar mills

are owned by political bigwigs be longing to all parties, and close ranks

when it comes to business interests. Sugar prices, meanwhile, have

remained firm, and experts believe the trend will continue for another two

years.

At Unjha market in Mehsana , Jeera loose is trading weak at Rs.

16800 per quintal, lower by 1.18 per cent from previous trading day.

Arrivals were reported at 1200 quintals, up by 700 quintals from

previous trading day. Jeera(Cumin Seed) NCDEX is offered weak at

Rs. 18000 per quintal, lower by 0.55 per cent as compared to previous

day. Jeera(Cumin Seed) Machine Cut at Unjha market is quoted weak

at Rs. 18700 per quintal, down by 0.53 per cent from previous day's

price level. The contract for November delivery was trading at Rs

17600.00, up by 0.49% or Rs 85.00 from its previous closing of Rs

17515.00. The open interest of the contract stood at 3372.00 lots on

NCDEX.

Soybean, meal and rapeseed-mustard rebound in anticipation of

fresh new crop deals, especially in bean and meal, after steep fall in

recent weeks. The soybean harvesting has commenced in Madhya

Pradesh and Maharashtra, but are slowed due to rains during the week

in review. Overall, the domestic soybean crop is in good health and it is

mostly under pod formation or maturity stage and prolonged or heavy

rains over the key growing belts will hurt the quality of the bean.

Forecast of further rains in near-term is worrying the cultivators.

Besides, forecast of record US soybean production is exerting pressure

in the international bean and meal, the CBOT soybean prices recovered

initially during the week but later fell on the bearish supply outlook.

Turmeric futures traded higher on NCDEX on forecast of heavy

rains in turmeric growing areas. Further, expectation of pickup in

demand for old crops ahead of festival season also added support to

turmeric prices’ uptrend. The contract for October delivery was trading

at Rs 6850.00, up by 0.38% or Rs 26.00 from its previous closing of Rs

6824.00. The open interest of the contract stood at 15440.00 lots. The

contract for November delivery was trading at Rs 6958.00, up by

0.17% or Rs 12.00 from its previous closing of Rs 6946.00. The open

interest of the contract stood at 6505.00 lots on NCDEX.

Technical Outlook

5

BUY CORIANDER OCT ABOVE 7520 TARGET 7565 7665 SL

BELOW 7455

BUY GUARGUM OCT ABOVE 7300 TARGET 7350 7420 SL

BELOW 7240

BUY TURMERIC OCT ABOVE 6920 TARGET 6964 7024 SL

BELOW 6860

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.

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

estimates 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 expressed 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 to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or

share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If

found so then Serious Legal Actions can be taken.