 "Commodity Picks: 09 March, 2020")
Soy meal
Soymeal is trading at Rs 31,600 per tonne at the benchmark Indore markets. For the week ahead, prices are expected to trade weak and head towards Rs 31,300 and then Rs 31,000 per tonne. Weak demand from feed makers amid decline in placements due to the outbreak of coronavirus in India is expected to keep the undertone weak in near term.
Wheat
Soymeal is trading at Rs 31,600 per tonne at the benchmark Indore markets. For the week ahead, prices are expected to trade weak and head towards Rs 31,300 and then Rs 31,000 per tonne. Weak demand from feed makers amid decline in placements due to the outbreak of coronavirus in India is expected to keep the undertone weak in near term.
Wheat
Also Read
Wheat prices in the Indore market are trading at Rs 1,970 per quintal. Prices are expected to trade lower towards Rs 1,900 per quintal in a couple of weeks following approaching harvesting and ample stocks carried forward from last year.
Prerana Desai, Research Head - Edelweiss Agri Services and Credit
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%