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Epic Research Daily Agri Report 24th Feb 2016

Discussion in 'Stock Market News & Analysis' started by chetanepic, Feb 24, 2016.

  1. chetanepic

    chetanepic New Member

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    Commodity News

    Turmeric settled up due to estimation of lower output at the producing belts. Though arrivals are comfortable at present output is expected to fall by 13% due to adverse weather and lower acreage. Stockists and traders are buying good quality turmeric on anticipation of industrial and export demand in coming months.

    Economic News

    Government is setting up a national online agriculture market platform to connect 585 regulated wholesale markets to ensure fair remunerative prices for the farmers, President Pranab Mukherjee said.Addressing the joint sitting of Parliament, he said 'Kisaano ki Samriddhi', the well-being of farmers, is vital to India's prosperity

    National Market Update

    Department of Agriculture has revised down Tur production estimate to 2.55 MMT from targeted estimate of 3.67 MMT.

    According to the Second Advance Estimate by Government, Gram production estimate has been revised down to 8.09 MMT from targeted estimate of 9.50 MMT.

    According to IBIS (provisional data), import of pulses in the week (08 Feb- 14 Feb) was around 107 Thousand tonnes at major ports in India, around 10% lower than previous week’s (01 Feb-07 Feb) import of 119 Thousand tonnes.

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