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Commodity picks: 26 August 2019

Sugar is trading at Rs 3,287 per quintal in Kolhapur, Jeera prices in Unjha are trading at Rs 17,320 per quintal

Prerana Desai 

sugar, sugar production, sugar output
Representative Image

Sugar

is trading at Rs 3,287 per quintal in Kolhapur. Prices may head towards Rs 3,320 per quintal following anticipation of a subsidy announcement and hike in ethanol prices. Disruption in supply and sugarcane losses due to floods in Maharashtra and Karnataka, lower selling quota and steady demand ahead of upcoming festivals will support prices.

Jeera

prices in Unjha are trading at Rs 17,320 per quintal. Prices are expected to trade higher in the near term and head towards Rs 17,600 per quintal. Robust export demand and weakness in the rupee against the dollar along with festival-related buying would keep the trend positive.


Prerana Desai, Research Head - Edelweiss Agri Services and Credit

First Published: Sun, August 25 2019. 23:00 IST
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