 "Commodity picks: 4 April 2016")
WHEAT
Wheat prices in Delhi market are expected to trade lower towards Rs 1,600 a quintal, from the current levels of Rs 1,650 a quintal, in a couple of weeks due to subdued buying by south Indian millers and pressure on account of seasonal arrivals. South Indian millers are expected to buy lesser quantity on a likely cut or removal of the 25 per cent import duty from July 1.
TURMERIC
Turmeric in Nizamabad market is currently trading at Rs 8,785 a quintal. Prices have been declining over the past week in a thinly traded market. The arrivals of new crop from Tamil Nadu will keep the markets well supplied. So, prices are expected to trade lower towards Rs 8,650 a quintal.
Wheat prices in Delhi market are expected to trade lower towards Rs 1,600 a quintal, from the current levels of Rs 1,650 a quintal, in a couple of weeks due to subdued buying by south Indian millers and pressure on account of seasonal arrivals. South Indian millers are expected to buy lesser quantity on a likely cut or removal of the 25 per cent import duty from July 1.
Read more from our special coverage on "COMMODITY PICKS"
TURMERIC
Turmeric in Nizamabad market is currently trading at Rs 8,785 a quintal. Prices have been declining over the past week in a thinly traded market. The arrivals of new crop from Tamil Nadu will keep the markets well supplied. So, prices are expected to trade lower towards Rs 8,650 a quintal.
Prerana Desai
Vice-president, research, Edelweiss Agri Services and Credit, Edelweiss Integrated Commodity Management
Vice-president, research, Edelweiss Agri Services and Credit, Edelweiss Integrated Commodity Management
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