Commodity picks: 1 May, 2017
For the week ahead, prices are expected to head towards Rs 3,830
premium
Mustard seed
Mustard seed prices tested fresh lows for the season at Rs 3,773 per quintal at Jaipur spot markets. Prices fell mainly due to weak demand from stockist. Going forward, prices are expected to seek some support, especially from processors due to positive margins. Dwindling arrivals at the spot markets could also lend support to the prices. For the week ahead, prices are expected to head towards Rs 3,830.
Wheat
Wheat prices in Indore are trading at Rs 1,611 per quintal. Prices are expected to trade higher towards Rs 1,620 in the week ahead following resumption in buying at lower levels and steady procurement by the government at minimum support price (MSP) of Rs 1,625. However, record production and higher port stocks would limit the price gains.
Prerana Desai, VP-Research -Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain
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%