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Agri Commodity Report of 30 March 2016 by Epic Research

Discussion in 'Stock Market News & Analysis' started by chetanepic, Mar 30, 2016.

  1. chetanepic

    chetanepic New Member

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    Commodity News

    Soyabean on NCDEX settled up on expectation of higher demand for crushing as meal demand increases in domestic market. Furthermore, lower supply due to reluctance from farmers and stockiest to sell at lower prices, and improvement in global oilseed prices too helped soybean prices uptrend.

    Ref Soya oil on NCDEX settled up on robust demand in export market. According to USDA export sales report, net sales of around 24,400 tons was reported for 2015-16, up 39% from previous week and 72% higher from the prior 4-weeks average.

    Economic News

    Haryana government said it has made all arrangements for the procurement of 75 lakh metric tonne of wheat for Rabi marketing season 2016-17, starting from April."All arrangements for smooth procurement of wheat and other grains during the Rabi season-2016 have been made," a spokesman of Haryana Food and Supplies Department said.

    National Market Update

    Imported tur increased by 5% to 9.95 thousand in the second week of March in comparison to first week. Higher import hints uptrend to continue in the market in coming weeks despite higher arrival in domestic markets.

    Imported tur increased by 5% to 9.95 thousand in the second week of March in comparison to first week. Higher import hints uptrend to continue in the market in coming weeks despite higher arrival in domestic markets.

    According to the local trader of Patna region of Bihar, new masoor start hitting the market in small amount. Size of the grain is greater than last year and moisture level is 4-5 %.Overall crop quality is good.

    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.

    Epic Research is known for its expert NCDEX TIPS, Mcx Tips & Forex Tips which are generated by the professional advisors. Our company believes on the maximum customer support and instant solution of all the queries from the client's side.
     
    #1 chetanepic, Mar 30, 2016
    Last edited: Mar 30, 2016
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