DAILY AGRI COMMODITY REPORT

12 SEPTEMBER 2014
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
Daily Wrap Up
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
DHANIYA
OCT 11730 11760 11560 11591 -1.00 24800
INTRADAY
LEVELS
SUPPORT SUPP.1
11514
SUPP. 2
11437
PIVOT
11637
Dhaniya short term
trend is down, trading
near to support level
and further more
downside is expected in
comimg days.
RESISTAN
CE
RES. 1
11714
RES. 2
11837
CASTORSEED
OCT 4097 4117 4046 4057 -1.02 127190
INTRADAY
LEVELS
SUPPORT SUPP. 1
4030
SUPP. 2
4002
PIVOT
4073
Castorseed short term
is down, Prices
expected to go down in
coming days.
RESISTAN
CE
RES. 1
4101
RES. 2
4144
TURMERIC
OCT 6350 6388 6254 6274 -1.32 9280
INTRADAY
LEVELS
SUPPORT SUPP. 1
6223
SUPP. 2
6171
PIVOT
6305
Turmeric price is in
down trend and may
continue in coming
days.
RESISTAN
CE
RES. 1
6357
RES. 2
6439
GUARGUM
OCT 16190 16200 15680 15920 -1.85 8765
INTRADAY
LEVELS
SUPPORT SUPP. 1
15667
SUPP. 2
15413
PIVOT
15943
Guargum Short term
trend is up Expecting
price may go up in
coming days.
RESISTAN
CE
RES. 1
16197
RES. 2
16473
Movers and Shakers
3
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
CORIANDER 19-09-2014 11180.00 -260.00 -2.27%
COTTON SEED OIL CAKE
AKOLA
19-09-2014 1670.00 -34.00 -2.00%
LIGHT SWEET CRUDE OIL 19-09-2014 5534.00 -79.00 -1.41%
CASTOR SEED NEW 19-09-2014 3988.00 -56.00 -1.38%
SUGAR M GRADE 19-09-2014 2900.00 -38.00 -1.29%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
SOYABEAN 20-10-2014 3171.00 42.00 1.34%
BARLEY 19-09-2014 1521.50 13.50 0.90%
REFINED SOY OIL 19-09-2014 613.85 2.40 0.39%
RAPESEED-MUSTARD SEED 19-09-2014 3536.00 9.00 0.26%
GUR 19-09-2014 1131.50 2.00 0.18%
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 4057 4099 -1.02
CHANA 2812 2824 -0.42
CORIANDER 11591 11708 -1.00
COTTON SEED 1431 1442 -0.76
JEERA 10810 10850 -0.37
MUSTARD SEED 3605 3583 0.61
SOYABEAN 3171 3129 1.34
TURMERIC 6274 6358 -1.32
Commodities In News
4
ECONOMIC NEWS
In the wake of weak monsoon in some parts of India, prices of
essential commodities have witnessed an increase. the
government released 100 lakh tonnes wheat from Food
Corporation of India(FCI) stock for domestic sale in the open
market. This wheat would be available for sale up to March
2015 to contain wheat prices across the markets. Fifty lakh
tonnes rice was released through Public Distribution System.
Price Monitoring Cell of the Ministry monitors prices of 22
essential commodities from 60 Market centers. Now the States
have been asked to set up their own Price Monitoring Units to
supplement the Central Govt.Potato and onion were declared as
essential food items under Essential Commodities Act, 1955.
States have been authorized to impose stock limits for onion
and potato both to check hoarding. West Bengal and
Telengana State have already issued the order. States were
advised to amend their APMC Act to deregulate sale of fruits
and vegetables in such a manner that farmers could have wider
selling choice and consumers could avail the same at cheaper
price.
Sugar industry has pressed a panic button in the wake of falling
prices of raw and white sugar in the global markets. Raw Sugar
prices have fallen below 15 cents per pound while white sugar
at $396 per ton.Further, industry has painted a bleak picture on
the export front fearing its unavailability in the present market
conditions. Private and cooperative sugar factories will soon
seek the Centre's intervention for an immediate help to avoid
yet another crisis.
The NCDEX Turmeric futures eased today amid demand worries as spot
prices continued to decline from a six month highs. Arrivals are steady but
the demand from North Indiantraders is thin and only good quality produce
is witnessing some pick up. The benchmark NCDEX October futures eased
from highs near Rs 6400 per quintal and closed at Rs 6274 per quintal,
down Rs 84 per quintal or 1.32% on the day. Spot prices corrected further,
shedding Rs 50 on the day to trade at Rs 6180 per quintal.
Coriander prices fell by -1.00 per cent on Thursday at the National
Commodity & Derivatives Exchange Limited as the adequate stocks
availability in the physical market put pressure on coriander prices. At the
NCDEX, coriander futures for September 2014 contract were trading at Rs.
11,390 per quintal, down by 0.44 per cent, after opening at Rs. 11,450
against the previous closing price of Rs. 11,440.It touched the intra-day
low of Rs. 11,383 till the trading. Sentiment weakened further as
speculators reduced their positions on the back of sluggish demand in the
market. Coriander is common in South Asian, Middle Eastern, Central
Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese,
Chinese, African, and Scandinavian.
Guar prices declined today in key guar spot markets over higher arrivals
compared to prior day. In addition to it, demand is also lackluster at current
levels as reported. Rainfall is likely to occur in next couple of days which
likely to affect standing guar crop as expected. Guar crop damaged in parts
of Sikar (Rajasthan) due to heavy rainfall last week as reported. Punters are
trying to create confusion in the market and drag the markets down to
purchase the stock at lower levels. Presently, every seller is trying to sell its
stock at some premium considering good fundamentals of guar prices
ahead.
5
Fundamental And Mandi Report : Cotton
STOCK POSITION AT NCDEX
WAREHOUSES
National Market Update
Cotton market noticed steady to weak tone on Thursday. In The News
The Cotton Association of India (CAI) has revised its estimates for the
cotton production in the country. According to CAI cotton output in India
would be around 40.37 million bales (6.86 million tonnes) in season
2014/15 which was earlier estimated 39.62 million bales in August for the
same season. Consumption of cotton in the coming season is likely to be
around 30 million bales, said CAI.According to the latest report by USDA,
cotton exports are likely to fall by 35% to 7.69 million bales following the
weak demand from China. Bangladesh and Vietnam are likely to emerge as
leading export destination for India as China, the largest importer is likely
to import lesser. Recent rains in Punjab and Haryana threatening cotton
farmer of crop loss. For the country as a whole, cumulative rainfall during
this years monsoon, up to September 7, 2014 has been 11% below the
Long Period Average (LPA). Cotton imports in India will be 12-year high
this season as international prices are ruling lower compared to the
domestic prices. Prices on ICE US falling below 90 cents per pound since
May, which is making domestic prices in India less competitive.
International Market Report
Australia estimated cotton production in the country to be around 580,000
tons, 29% lower than the June estimates which was 820,000 tons, according
to a report released by Australian Bureau of Agricultural and Resource
Economics and Sciences. Australia produced 890,000 tons of cotton last year
whereas output of cotton this year is likely to decline as dry weather
condition prevails in the country. According to the latest report released by
USDA, as on August 31, 2014, 50% of cotton crop in USA is in excellent to
good condition compared to 51% a week ago and 45% a year ago. 96%
setting bolls has reported in cotton which was 90% last week and 94% a year
ago. 31% of bolls opening reported which was 19% a week and 15% a year
ago.
CENTER 11-Sep-14 10-Sep-14 %Change
AMRAVATI 75 100 -25
RAJKOT 1600 1250 350
DEESA NA NA -
BHIWANI 600 2000 -1400
PATAN NA NA -
GONDAL 399 311 88
RAICHUR 255 240 15
SPOT QUOTES
6
COMMODITY NAME LOCATION PRICE
Cotton Seed Oilcake Akola 1731.65
Cotton Seed Oilcake Kadi 1772.2
Crude Palm Oil Kandla 444.4
Guar Seed 10 MT Jodhpur 5595.3
Guarseed Jodhpur 5595.3
Guarseed Bikaner 5525
Gur Muzaffar Nagar 1117.6
Jeera Unjha 10906.25
Maize - Feed/Industrial Grade Gulabbagh 1116.65
Maize - Feed/Industrial Grade Nizamabad 1309.35
Maize - Feed/Industrial Grade Davengere 1350
Maize - Feed/Industrial Grade Karimnagar 1342.5
COMMODITY NAME LOCATION PRICE
Bajra Jaipur 1240
Barley Jaipur 1528.15
Castor Seed Disa 4047.15
Castor Seed 1 MT Disa 4047.15
Chana Bikaner 2725
Chana Delhi 2900.3
Chana Indore 2874.4
Chana 1 MT Delhi 2900.3
Chilli Guntur 7453.85
Chilli Teja Khammam 10319.25
Copper Cathode Mumbai 416.9
Coriander Kota 11196.9
Cotton Kadi 18510.1
Cotton Seed (Industrial Grade) Akola 2184
Recommendations
7
SELL DHANIYA(OCT) BELOW 11550 TGT 11530-11480 SL 11600 BUYGUARGUM(OCT ) ABOVE15950TGT16000-16100 SL 15860
BUY CASTORSEED (OCT) ABOVE 4075 TGT 4105-4155 SL 4025
SELL TERMERIC(OCT) BELOW 6250 TGT 6200-6100 SL 6340
Disclaimer
This document has been prepared by Edelweiss Comtrade Limited (Edelweiss). Edelweiss, its holding company and associate companies are a full service, integrated investment banking,
portfolio management and brokerage group. Our research analysts and sales persons provide important input into our investment banking activities. This document does not constitute an
offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Specifically, this document does not constitute an offer to or
solicitation from any U.S. person for the purchase or sale of any financial instrument or as an official confirmation of any transaction to any U.S. person. The information contained herein is
from publicly available data or other sources believed to be reliable, but we do not represent that it is accurate or complete and it should not be relied on as such. Edelweiss or any of its
affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
This document is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made
of this information. Each recipient of this document should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the commodity(ies)
referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or
views expressed may not be suitable for all investors. We and our affiliates, group companies, officers, directors, and employees may: (a) from time to time, have long or short positions in,
and buy or sell the commodity (ies) and/or derivatives thereof, mentioned herein or (b) be engaged in any other transaction involving such commodity(ies) and/or derivatives and earn
brokerage or other compensation or act as advisor or lender/borrower to such commodity(ies) or have other potential conflict of interest with respect to any recommendation and related
information and opinions. This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or
passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by,
any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to
law, regulation or which would subject Edelweiss and affiliates/ group companies to any registration or licensing requirements within such jurisdiction. The information contained herein is
not for publication or distribution for non-resident clients. The non-resident clients are allowed to trade in commodities market only after obtaining requisite statutory approvals from the
respective regulatory authourities. The distribution of this document in certain jurisdictions may be restricted by law, and persons in whose possession this document comes, should inform
themselves about and observe, any such restrictions. The information given in this document is as of the date of this report and there can be no assurance that future results or events will be
consistent with this information. This information is subject to change without any prior notice. Edelweiss reserves the right to make modifications and alterations to this statement as may
be required from time to time. However, Edelweiss is under no obligation to update or keep the information current. Nevertheless, Edelweiss is committed to providing independent and
transparent recommendation to its client and would be happy to provide any information in response to specific client queries. Neither Edelweiss nor any of its affiliates, group companies,
directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including lost revenue or lost profits that may arise from or
in connection with the use of the information. Past performance is not necessarily a guide to future performance. The disclosures of interest statements incorporated in this document are
provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. Edelweiss Comtrade Limited generally prohibits its analysts,
persons reporting to analysts and their dependents from maintaining a financial interest in the commodities that the analysts cover.Kindly read the Risk Disclosure Documents carefully
before investing in Derivatives, Commodities or other instruments. The information provided in these reports remains, unless otherwise stated, the copyright of Edelweiss. All layout,
design, original artwork, concepts and other Intellectual Properties, remains the property and copyright Edelweiss and may not be used in any form or for any purpose whatsoever by any
party without the express written permission of the copyright holders.
Analyst Certification:
The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject commodity (ies), and no part of his or her
compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.
Analyst holding any commodity /derivative position YES/NO
Edelweiss shall not be liable for any delay or any other interruption which may occur in presenting the data due to any reason including network (Internet) reasons or snags in the system,
break down of the system or any other equipment, server breakdown, maintenance shutdown, breakdown of communication services or inability of the Edelweiss to present the data. In no
event shall the Edelweiss be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection
with the data presented by the Edelweiss through this report.