Commodity picks- 6 June 2016

Mustard Seed

Mustard seed arrivals have entered a lean period, with daily arrivals of nearly 180,000 bags. Seasonal demand for mustard oil, however, is expected to gather pace when demand from pickle manufacturers gains momentum. Mustard seed crush margins have also turned positive, supporting demand from processors. We expect mustard seed prices to head towards Rs 4,600 a quintal in the coming week.

Maize

Maize prices in the Gulabbagh (Bihar) market are trading at Rs 1,330 a quintal. Prices are expected to be about Rs 1,350 a quintal in the coming week, after a robust demand from bordering states, amid lower overall supplies.

 

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Prerana Desai,
Vice-president (research), Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain Limited