Commodity picks- 29 February 2016

Wheat & Mustard

Wheat
Wheat is at Rs 1,728 a quintal in the Delhi market and is expected to trade lower, towards Rs 1,700 a quintal in a couple of weeks, due to crop arrivals in central and north India. Steady release of wheat by the government would also keep prices lower

Mustard
Jaipur mustard seed prices are currently at Rs 4,283 a quintal. The harvest has started and output is expected to be better than last year's. Thus, prices are expected to move towards Rs 4,200 a quintal in the coming weeks

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Prerana Desai
V-P, research, Edelweiss Agri Services and Credit Edelweiss Integrated Commodity Management Ltd