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Agri Commodity Report of 29 March 2016 by Epic Research

Discussion in 'Stock Market News & Analysis' started by chetanepic, Mar 29, 2016.

  1. chetanepic

    chetanepic New Member

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    Commodity News

    Turmeric on NCDEX settled down on expectation of higher arrivals from the producing belts in coming months. The arrivals have improved at 8,725 tonnes compared to 5,151 tonnes last week across the country as per data.

    Chana on NCDEX settled driven by pick-up in demand ahead of the Festival holiday. Further, limited supplies from Australia and domestic mandies in states like Rajasthan and Maharashtra too supported chana prices uptrend.

    Economic News

    With the water table dropping substantially in some parts of the country, Prime Minister Narendra Modi said the government is constructing five lakh 'farming pools' even as he urged people to resort to water conservation methods like creating small reservoirs.In his monthly radio programme 'Mann Ki Baat', he also asked the farming community to use less fertilizers and more modern technology, like the Farmers' App, for their benefit.

    National Market Update

    Imported tur increased by 5% to 9.95 thousand in the second week of March in comparison to first week.

    According to the local trader of Kanpur region of Uttar Pradesh, new pea crop start hitting the mandi.

    According to the local trader of Patna region of Bihar, new masoor start hitting the market in small amount.

    According to IBIS (provisional data), import of pulses in the week (07 Mar-13 Mar) was around 53 Thousand tonnes at major ports in India, around 11% lower than previous week’s (29 Feb-06 Mar) import of 60 Thousand tonnes.

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