Commodity picks: 25 July 2016

MAIZE

The price of maize in the Gulabbagh market, Bihar, is at Rs 1,583 a quintal. It is expected to trade higher, towards Rs 1,600 in the coming weeks, tracking poor response to import tender due to lower availability of non-genetically modified organism (GMO) produce in global markets. Lower stocks across India are expected to support the prices.

JEERA

The price of Jeera in the Unjha (Gujarat) market is trading at Rs 19,395 a quintal. It is expected to trade higher, towards Rs 19,700, following lower domestic supplies and steady export demand from West Asia and China.

Prerana Desai,
Vice-president, research, Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain