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Commodity picks: 20 March, 2017

Wheat is trading at Rs 1,900 a quintal in the Delhi market

Prerana Desai 

Wheat

is trading at Rs 1,900 a quintal in the Delhi market. Prices are expected to trade lower towards Rs 1,800, given the approaching harvesting period in north India and arrival pressure in central and western regions. Strengthening of the rupee would also put pressure on prices.

Castor seed

prices have surged almost 11 per cent in the past 10-12 trading sessions on lower supply and good demand for castor oil. The surge might attract liquidation by stockists and/or long positions, in futures market, leading to a correction. In the current week, prices in the futures segment are expected to move towards Rs 4,280 per quintal from the current Rs 4,391 at the Deesa market.

Prerana Desai, VP-Research -Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain 

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Commodity picks: 20 March, 2017

Wheat is trading at Rs 1,900 a quintal in the Delhi market

Wheat is trading at Rs 1,900 a quintal in the Delhi market
Wheat

is trading at Rs 1,900 a quintal in the Delhi market. Prices are expected to trade lower towards Rs 1,800, given the approaching harvesting period in north India and arrival pressure in central and western regions. Strengthening of the rupee would also put pressure on prices.

Castor seed

prices have surged almost 11 per cent in the past 10-12 trading sessions on lower supply and good demand for castor oil. The surge might attract liquidation by stockists and/or long positions, in futures market, leading to a correction. In the current week, prices in the futures segment are expected to move towards Rs 4,280 per quintal from the current Rs 4,391 at the Deesa market.

Prerana Desai, VP-Research -Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain 

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Business Standard
177 22

Commodity picks: 20 March, 2017

Wheat is trading at Rs 1,900 a quintal in the Delhi market

Wheat

is trading at Rs 1,900 a quintal in the Delhi market. Prices are expected to trade lower towards Rs 1,800, given the approaching harvesting period in north India and arrival pressure in central and western regions. Strengthening of the rupee would also put pressure on prices.

Castor seed

prices have surged almost 11 per cent in the past 10-12 trading sessions on lower supply and good demand for castor oil. The surge might attract liquidation by stockists and/or long positions, in futures market, leading to a correction. In the current week, prices in the futures segment are expected to move towards Rs 4,280 per quintal from the current Rs 4,391 at the Deesa market.

Prerana Desai, VP-Research -Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain 

image
Business Standard
177 22