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Epic Research Daily Agri Report 23rd Feb 2016

Discussion in 'Stock Market News & Analysis' started by chetanepic, Feb 23, 2016.

  1. chetanepic

    chetanepic New Member

    Jan 9, 2016
    Likes Received:
    Intraday Trader
    Commodity News

    Ref Soya oil settled down as pressure seen due to profit booking amid higher supplies. However, expensive imports coupled with firm International market limited the downside to edible oil in domestic market. As per latest SEA data, edible oils import rose to 14.07 lt in December last year from 11.23 lt in December 2014.

    Economic News

    Taking a dig at Odisha Government for 'tardy' utilisation of Central funds in the farm sector, Union Agriculture Minister Radhamohan Singh said agriculture output remained abysmally low in the state."Funds made available to Odisha are not being used properly in the agriculture sector.

    National Market Update

    Agricultural Statistics Division, Directorate of Economics & Statistics, India has revised its first Adv estimate for foodgrains and estimated 17.27 lakh tonne castor seed production for 2015-16 crop year,to be marketed in MY 2016-17.

    India exported 10369.60T castor oil during week ended 14th Feb-2016 at an average price of $1151.47 per tonne.It is higher by 3.52% from previous week. However price realization decreased by 3.68% from last week.

    Epic Research
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