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Epic Research Daily Agri Report 26th Feb 2016

Discussion in 'Stock Market News & Analysis' started by chetanepic, Feb 26, 2016.

  1. chetanepic

    chetanepic New Member

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    Commodity News

    Turmeric settled up by on short covering after prices dropped on lack of upcountry demand at the spot market. However, expectations of limited arrivals of quality turmeric from the producing belts, also supported prices. There are reports of production concern due to drought in Maharashtra and Andhra Pradesh.
    Economic News

    Government action to increase spending on irrigation and crop insurance is not enough to end a cycle of indebtedness that has led to thousands of farmer suicides, and a complete overhaul of credit and subsidies to farmers is needed, activists said.Drought in many parts of the country has hit rice, cotton and other crops, and lower world commodity prices have added to the farmers' plight.
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