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Epic Research Daily Agri Report 18th Feb 2016

Discussion in 'Stock Market News & Analysis' started by chetanepic, Feb 18, 2016.

  1. chetanepic

    chetanepic New Member

    Jan 9, 2016
    Likes Received:
    Intraday Trader
    Commodity News

    Turmeric settled down on profit booking after gaining on better quality arrival of turmeric and fears of lower output from the producing regions. Further, rising demand form stockists and traders at the spot market too supported turmeric prices. Demand for the old hybrid turmeric increased at Erode markets thereby lifting the price.

    Economic News

    India's sugar production up by 3.6% as on February 15 as compared to same period of previous year, according to industry body Indian Sugar Mills Association (ISMA).As on February 15, 2016, 472 sugar mills in the country were in operation and they produced 173.37 lakh tonnes of sugar, as compared to 167.24 lakh tonnes produced by 516 sugar mills as on February 15 2015.

    National Market Update

    According to the latest inflation update released by Government of India, Pulses Monthly Wholesale Price Index for the month of January is 370.1 which are around 2.1 % lower than the month of December. In month of December Wholesale Price Index was 378.2.

    At present arrival of tur in Amaravati mandi is 5000-5500 bags with price range of Rs 8600-8700 per bag. Arrival of Tur in Vidharba region of Madhya Pradesh is good and it may continue till February.

    According to IBIS (provisional data), import of pulses in the week (01 Feb-07 Feb) was around 119 Thousand tonnes at major ports in India, around 12% lower than previous week’s (25 Jan-31 Jan) import of 135 Thousand tonnes. Chana, Masoor, Pigeon Pea and Yellow Pea were imported lower this week whereas Green Pea, Urad, Cow Pea, Kidney Bean and Moong were imported higher as compared to last week.

    According to the Ministry of Agriculture, final area under Rabi pulses throughout the country stood at 139.08 Lakh hectares as on 28th January this year, around 3% lower compared to the area of 143.01 Lakh hectares sown during corresponding period last year.

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