Barley
Barley is trading at Rs 1,594 a quintal in the Jaipur market. Prices are expected to trade lower towards Rs 1,500 a quintal in a couple of weeks, following pressure from seasonal arrivals and sluggish buying by malting industries. Higher stocks with big malting industries would also put pressure on the prices.
SoyAbean
Soyabean prices at the Indore spot market are trading at Rs 3,042 a quintal. In the coming days, prices are expected to head towards Rs 3,000 a quintal. Soyabean crush margins are negative, which could impact demand from processors. Domestic demand for soyameal is steady. While export parity has waned with a recent increase in meal prices, weak global cues could also weigh on meal prices and widen the crush disparity.
Prerana Desai, V-P (research), Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain
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