Agri-Commodity Update 6th August -2019
  • posted by IMV |
  • 06/8/2019

Fundamental Aspect: The price of crude palm oil (CPO) is expected to rise from current levels to average higher by the end of this year through 2021, partly driven by the enforcement of higher biodiesel mandates in Malaysia and Indonesia. The higher expected prices for CPO will give palm oil producers more time to resolve ongoing issues in the industry, such as labor shortage. Besides biodiesel mandates, Chinese and Indian...

Agri-Commodity Update 5th August -2019
  • posted by IMV |
  • 05/8/2019

 Fundamental Aspect: The Maharashtra government has decided to increase the allocation of chana dal for beneficiaries of the Antyodaya Anna Yojana and the priority households under the targeted public distribution system. Lesser availability of tur dal as against increased availability of chana dal from the central government has been cited as the reason for the change in allocation by the state government. Source: ET Cotton...

Agri-Commodity Update 2nd August -2019
  • posted by IMV |
  • 02/8/2019

Fundamental Aspect: Soybean prices on Thursday increased Rs 15 to Rs 3,606 per quintal in the futures trade, as speculators raised their positions supported by a strong spot demand. Marketmen said fresh positions created by participants following upsurge in domestic demand pushed up soybean prices. Source: ET Indian turmeric exports have been hit by the US sanctions against Iran, the largest buyer of the spice from India....

Agri-Commodity Update 1st August -2019
  • posted by IMV |
  • 01/8/2019

Fundamental Aspect: Soybean prices on Wednesday increased Rs 15 to Rs 3,591 per quintal in the futures trade, as speculators raised their positions supported by a strong spot demand. Marketmen said fresh positions created by participants following an upsurge in domestic demand pushed up soybean prices. Source: ET Indian turmeric exports have been hit by the US sanctions against Iran, the largest buyer of the spice from India....

Agri-Commodity Update 31st July -2019
  • posted by IMV |
  • 31/7/2019

Fundamental Aspect: Indian turmeric exports have been hit by the US sanctions against Iran, the largest buyer of the spice from India.  Exports to Iran have come to a standstill since May with the expiry of the US sanctions waiver to India for six months. This has happened after a record turmeric export of over 1,20,000 tonnes in 2018-19, as per the trade figures.  India’s cotton imports are set to double amid crop...

Agri-Commodity Update 30th July -2019
  • posted by IMV |
  • 30/7/2019

Fundamental Aspect: India’s cotton imports are set to double amid crop shortfall for the 2018-19 season which ends in September. While cotton industry estimates imports to cross 30 lakh bales (each of 170 kg) for the season, double from 15.8 lakh bales reported last year, trade sources believe that cotton import shipments will be restricted to around 25 lakh bales as against estimated imports of 31 lakh bales.  Chana saw...

Agri-Commodity Update 29th July -2019
  • posted by IMV |
  • 29/7/2019

Fundamental Aspect:  Chana saw some good gains in ready markets amid worries over Kharif sowing. Supplies of Chana remained steady and the near term demand scenario is fairly steady though Kharif pulses sowing trends are indicating that pricing environment would be positive. Kharif pulses sowing stands at 62.19 lakh hectares as on 19th July 2019, down 16% compared to last year with all three major pulses showing...

Update on weekly agri commodity
  • posted by IMV |
  • 27/7/2019

We have seen a heavy sell-off of in NCDEX Commodities in the month of July as the monsoon arrived after a delay of 2 weeks and dragged down the prices of all major commodities on hopes of better sowing in this season.  Now, IMD is expecting above-normal monsoon in the coming up month which will come with its own consequences as Kharif crops will be affected by it in the regions that have been under a dry spell. If monsoon...

Agri-Commodity Update 26th July -2019
  • posted by IMV |
  • 26/7/2019

Fundamental Aspect:  Strong buying emerged in chana and mustard seed commodities after a sharp sell-off in previous trading sessions. However, weakness was seen in guarseed and jeera counters due to supply pressure in local mandies. The NCDEX chana August futures added 0.98 percent as traders are expecting a decline in pulses sowing acreage in major producing states such as Karnataka and Maharashtra. Strong buying interest...

Agri-Commodity Update 25th July -2019
  • posted by IMV |
  • 25/7/2019

Fundamental Aspect:  Coriander contracts on National Commodity & Derivatives Exchange hit the 3% lower circuit for the third consecutive day, on reports of higher imports from Russia and Ukraine, traders said. "Lower output estimate in the current season due to drought in the growing states is likely to increase import shipments in the country," said Yashwant Rathore, a Baran-based trader. Rajasthan is the largest producer...