Agri-Commodity Update 23rd July -2019
  • posted by IMV |
  • 23/7/2019

Fundamental Aspect: Coriander prices fell 3.3 percent to Rs 6,860 per quintal in futures trade Monday as participants cut down positions amid muted domestic and export demand. Besides, rising arrivals from major producing regions and profit-booking at higher levels also weighed on the sentiment. Similarly, coriander for September contracts also traded down by Rs 231, or 3.22 percent, at Rs 6,950 with an open interest of 9,720 lots....

Agri-Commodity Update 19th July -2019
  • posted by IMV |
  • 19/7/2019

Fundamental Aspect: Prices of jeera futures are expected to touch Rs 190 per kg, as a rebound in exports and higher anticipated local demand during the upcoming festive season makes the outlook bullish for the second-largest exported spice from India over the coming weeks. “The crop from competing countries — Syria and Turkey — are poor, and hence India will be the major source of supply in the world market in the next few months,”...

Agri-Commodity Update 18th July -2019
  • posted by IMV |
  • 18/7/2019

  Fundamental Aspect: Gram and tuar prices reported strong in Nagpur Agriculture Produce and Marketing Committee (APMC) on increased demand from local millers amid weak supply from producing regions. Poor monsoon reports and fresh hike in Madhya Pradesh pulses also boosted prices. About 1,100 bags of gram and 300 bags of tuar reported for auction, according to sources. Source: Reuters Prices of jeera futures are expected...

Agro-Commodity Update 17th July -2019
  • posted by IMV |
  • 17/7/2019

Fundamental Aspect: Prices of jeera futures are expected to touch Rs 190 per kg, as a rebound in exports and higher anticipated local demand during the upcoming festive season makes the outlook bullish for the second-largest exported spice from India over the coming weeks. “The crop from competing countries — Syria and Turkey — are poor, and hence India will be the major source of supply in the world market in the next few months,”...

Agro-Commodity Update 16th July -2019
  • posted by IMV |
  • 16/7/2019

Fundamental Aspect: Prices of jeera futures are expected to touch Rs 190 per kg, as a rebound in exports and higher anticipated local demand during the upcoming festive season makes the outlook bullish for the second largest exported spice from India over the coming weeks. “The crop from competing countries — Syria and Turkey — are poor, and hence India will be the major source of supply in the world market in the next few months,”...

Agri Commodity Update 15th July 2019
  • posted by IMV |
  • 15/7/2019

Fundamental Aspect: China's soybean imports fell 11.5 per cent in June from May, customs data showed on Friday, as the Sino-US trade war and an outbreak of deadly African swine fever curb demand. China brought in 6.51 million tonnes of soybeans in June, down from 7.36 million tonnes in May, according to data from the General Administration of Customs. It brought in 8.7 million tonnes in June last year. For the first six months...

Agri-Commodity Update 12th July -2019
  • posted by IMV |
  • 12/7/2019

Fundamental Aspect: The USDA made little changes for U.S. corn and soybean production and ending stocks estimates in its July monthly report released Thursday. For soybeans, the U.S. 2019 production is pegged at 3.84 billion bushels vs. the trade’s estimate of 3.871 billion bushels and the USDA’s June estimate of 4.15 billion. For soybeans, new-crop ending stocks are estimated at 795 million bushels vs. the trade’s expectation of...

Agri-Commodity Update 11th July -2019
  • posted by IMV |
  • 11/7/2019

Fundamental Aspect: Edible Oil industry body Solvent Extractors Association (SEA) has expressed disappointment over the budget 2019-20 saying the government did not announce any package to boost oilseed production despite its vision talked about focusing on bringing import bill on cooking oils.  Meanwhile, India’s oilmeal exports declined by 56% in June from a year ago to 114,972 tonnes as shipments of soymeal and rapeseed...