Page 10 - Commodity Picks

Commodity picks: December 12, 2016

Wheat was trading at Rs 2,124 per quintal in the Delhi market

Commodity picks: 26 December, 2016

Chilli is currently trading at Rs 9,138 a quintal in the Guntur market

Commodity picks: December 5, 2016

Coriander prices in Kota market are trading at Rs 7,883 a quintal

Commodity picks: 21 November, 2016

Guar seed prices are expected to trade higher towards Rs 3,400, following lower production and steady export demand

Commodity picks: 14 November, 2016

Coriander prices in the Kota market are trading at Rs 7,399 per quintal; Red chilli prices in Guntur are currently Rs 9,950 per quintal

Commodity picks: 30 October 2016

Red chilli is currently trading at Rs 10,733 per quintal

Commodity picks- 24 October 2016

JeeraJeera is trading at Rs 17,300 per quintal in the Unjha market. Prices are expected to trade higher towards Rs 17,500 in a few weeks on lower availability and festive demand.CottonThe price of the benchmark S6 cotton variety at Gujarat is Rs 19,074 per bale of 170 kg each. The selling by farmers will peak after Diwali and push prices lower. Also, at current prices there is no export parity and the mills are not buying cotton in anticipation of lower prices. Cotton crop is up by six per cent from last year, at around 35 million bales. Expect prices to go down to Rs 18,500 in a week to 10 days.Prerana Desai,VP-Research -Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain

Commodity picks: 10 October 2016

Cotton cake prices in the Akola market are Rs 2,592 per quintal

Commodity picks: 3 October 2016

Jeera prices in the Unjha market are trading at Rs 18,075 per quintal

Commodity picks- 26 September 2016

PepperPepper at the Kochi market is currently trading at Rs 71,733 a quintal. The demand is low and availability of imported pepper from Sri Lanka and Vietnam is adequate. This could keep pressure over prices, which can slip towards Rs 71,000 in coming days.MaizeMaize prices in Nizamabad are trading at Rs 1,927 per quintal. Prices are expected to trade lower towards Rs 1,800 in the coming weeks on approaching peak arrivals and influx of fresh crop. However, the price fall would be limited by incessant rainfall in Telangana which is expected to delay the harvesting.Prerana Desai,VP-Research -Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain

Commodity picks- 19 September 2016

ChilliThe price of Chilli in Guntur is currently trading at Rs 12,277 a quintal. The demand is weak and arrivals from Madhya Pradesh are expected to commence from October. The crop is in good condition and production is expected to be higher than last year's. This could put pressure over prices, which might trade towards Rs 12,000 a quintal in the coming days.JeeraThe price of Jeera in Unjha is trading at Rs 18,450 per quintal. The price is expected to trade higher, towards Rs 18,500 in the coming week, following lower availability in the domestic market and festive demand. However, price gains would be capped by cheaper imports.Prerana Desai,Vice-president (research), Edelweiss agri services and credit, Edelweiss Agri Value Chain

Commodity picks: 12 September 2016

Coriander prices at the Kota market are trading at Rs 7,716 per quintal

Commodity picks: 5 September 2016

Red chilli prices in the Guntur market stood at Rs 12,322 a quintal

Commodity picks- 29 August 2016

TurmericTurmeric is currently trading at Rs 7,842 a quintal. Prices are under pressure since the past couple of sessions, tracking lower domestic demand.The downside is expected to continue amid feeble demand, and prices can move towards Rs 7,800 a quintal.Guar seedGuar seeds are trading at Rs 3,550 per quintal in the Jodhpur market. Prices are expected to trade lower towards Rs 3,400, following subdued export demand. Exports of guar gum and split (refined guar gum) between October 1, 2015 and August 25, 2016 are pegged at 258,000 tonnes against 367,000 tonnes exported during the corresponding period last year.Prerana Desai,Vice-president (research), agri value chain, Edelweiss Integrated Commodity Management

Commodity picks: 22 August 2016

Cardamom prices were trading at Rs 1,044.8 a quintal in Kerala

Commodity picks

JEERAJeera prices in Unjha market are trading at Rs 19,217 per quintal. Prices are expected to trade higher towards Rs 19,500, following overall lower availability and resumption in export enquiries. However, price gains would be limited, given the lower domestic demand.COTTONCotton prices (29mm) in the benchmark Gujarat market are trading at around Rs 47,000 per candy (356 kg). The season's high price was recorded in mid-July at Rs 48,500. Prices are expected to correct further, as buyers switch to cheaper imports. The domestic consumption of raw cotton and exports of cotton yarn are lagging behind last year. Weather and pest, however, remain a real threat for this commodity and will limit downside. Prices could soften to Rs 46,000 or lower in the next week to 10 days.Prerana Desai, Vice-president (research) - agri value chain, Edelweiss Integrated Commodity Management

Commodity picks

Mustard seedMustard seed at the Jaipur spot market is trading at Rs 5,161 per quintal. Spot prices continued to surge and tested a new record last week, following acute supply tightness. Daily arrivals declined to 70,000 bags as compared to 85,000 the previous week. Strong seasonal demand for oil might continue to support demand from processors. Prices could continue to trade with positive bias for the week ahead and test a Rs 5,200-5,225 per quintal.MaizeMaize prices in Gulab Bagh are trading at Rs 1,538 per quintal. Prices are expected to rise towards Rs 1,570 per quintal, following thin inventories with end-users and restricted availability in the domestic market. Imports are expected to be lower due to non-GMOstocks being at a multi-year low in Ukraine and Russia.Prerana Desai, VP-Research -Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain

Commodity picks: 25 July 2016

The price of maize in the Gulabbagh market, Bihar, is at Rs 1,583 a quintal

Commodity picks: 18 July 2016

From the next week, imports will start reaching in large quantities and that could provide a break to the rally

Commodity picks: 11 July 2016

MUSTARD SEEDMustard seed in Jaipur spot market is trading at Rs 4,875 a quintal. Sharp rise in mustard seed prices has turned the crush margins negative, thus slowing demand from processors in the near term. We expect the crush disparity to ease and mustard seed prices to head towards Rs 4,800 per quintal correct in the near term.CHILLIChilli is currently trading at Rs 12,544 a quintal in the Guntur market. Demand from North India is expected to improve in coming days and support prices. Prices are expected to trade higher towards Rs 12,700 a quintal.Prerana Desai,V-P (research) -Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain Limited