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Agri Levels Fundamental Aspect: Turmeric prices are on a winning streak as the arrival is falling in the physical market. RKV Ravishankar, President, Erode Turmeric Merchants Association said, “Only 106 bags of medium and poor quality old turmeric arrived at the Regulated Marketing Committee on Wednesday. Of this 86 bags were sold” Technical Aspect Dhaniya (April) Dhaniya has...
Fundamental Aspect: Soybean prices reversed from the bottom levels in today's session after it slipped to bottom levels again in the last trading sessions as the traders had cut down their positions on weak spot demand. While the ample stock of Soy refined in the market is weighing down on the prices of Oil as well. Technical Aspect CPO (February) CPO has its support at 706 and resistance 720. Break...
Fundamental Aspect: Oil palm farmers have called on the government to take concrete actions to implement policies designed to create a sustainable palm oil industry and deliver supportive programs for oil palm growers. The Oil Palm Smallholders Union (SPKS) alleged that despite the adoption of several key government regulations to make the industry more sustainable, no significant impact has been seen. On the contrary,...
Fundamental Aspect: Chana prices slipped in the early morning after making a high of 4099. The major trend is still positive as it took a sharp reversal from lower levels. Chana is still trading below its Minimum Support Level by 14 percent. NAFED is currently holding a stock of about 19 lakh tonnes of Chana and now it is gearing up for good procurement of Chana which providing support to the prices. Technical Aspect...
Fundamental Aspect: Higher global soybean output estimated in 2019-20 depressed soybean prices on the CBOT. The US Department of Agriculture has scaled up its estimate for global soybean output in 2019-20 to 339.4 mln tn from 337.7 mln tn in January. Snapping a four-day-long losing streak, the most-active March soybean contract on the National Commodity and Derivatives Exchange rose due to improved demand at lower price level, analysts...
Fundamental Aspect: Higher global soybean output estimated in 2019-20 depressed soybean prices on the CBOT. The US Department of Agriculture has scaled up its estimate for global soybean output in 2019-20 to 339.4 mln tn from 337.7 mln tn in January. Snapping a four-day-long losing streak, the most-active March soybean contract on the National Commodity and Derivatives Exchange rose due to improved demand at lower price level,...
Fundamental Aspect: The National Agricultural Cooperative Marketing Federation of India has stocks of 1.6 mln tn of chana, which the agency bought under the price support scheme in the 2019-20 (Apr-Mar) rabi season. "We have 1.6 mln tn of chana that we procured from farmers at minimum support price level under the PSS (price support scheme). Apart from this, we have around 100,000-150,000 tn chana in buffer," Sanjeev...
Fundamental Aspect: U.S. export sales of soybeans to China fell to their lowest in nearly five months amid concerns about the spread of the deadly coronavirus denting demand from the world's top buyer of the oilseed. The export sales to China totaled just 31,523 tonnes in the week ended Jan. 30, according to a weekly U.S. Agriculture Department report released on Thursday morning. That was the lowest since the week ended Sept. 5...
Fundamental Aspect: U.S. export sales of soybeans to China fell to their lowest in nearly five months amid concerns about the spread of the deadly coronavirus denting demand from the world's top buyer of the oilseed. The export sales to China totaled just 31,523 tonnes in the week ended Jan. 30, according to a weekly U.S. Agriculture Department report released on Thursday morning. That was the lowest since the week ended Sept. 5 when...
