Commodity picks- 7 March 2016
Palm oil & Barley
 "Commodity picks- 7 March 2016")
Palm oil
Palm oil March futures on MCX are currently Rs 484.90 per 10 kg. Prices are expected to trade weak on the back of expected weakness in international crude palm oil prices and feeble demand. These are expected to move towards Rs 473 per 10 kg
Barley
Barley spot prices in the Jaipur market are Rs 1,466 a quintal. Prices are expected to trade lower, towards Rs 1,450 a quintal in the coming week, after the beginning of harvesting in Jaipur region. Absence of export parity would also keep prices lower.
Palm oil March futures on MCX are currently Rs 484.90 per 10 kg. Prices are expected to trade weak on the back of expected weakness in international crude palm oil prices and feeble demand. These are expected to move towards Rs 473 per 10 kg
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Barley
Barley spot prices in the Jaipur market are Rs 1,466 a quintal. Prices are expected to trade lower, towards Rs 1,450 a quintal in the coming week, after the beginning of harvesting in Jaipur region. Absence of export parity would also keep prices lower.
Prerana Desai
Vice-president, research, agri services and credit, Edelweiss Integrated Commodity Management Ltd
Vice-president, research, agri services and credit, Edelweiss Integrated Commodity Management Ltd