• posted by IMV |
  • 10/12/2019

 Fundamental Aspect: Grain markets pushed higher, led by soybean futures being propped up with China waiving import tariffs on some U.S. soybean and pork shipments. White House economic adviser, Larry Kudlow said a Dec. 15 deadline is still in place to impose a new round of U.S. tariffs on Chinese consumer goods, but President Trump likes where trade talks with China are going. China confirmed it will waive import tariffs...

  • posted by IMV |
  • 28/11/2019

Fundamental Aspect: The new cotton season from October 2019 to September 2020 ushers in hope of lower raw material costs for yarn mills. This could give a leg-up to profitability in the coming quarters amid weak exports. Cotton Corporation of India estimates production to rise 13.6% year-on-year. Therefore, current cotton prices (Sankar-6 grade) are down 8% since September and 16% lower from the high of ₹129 per kg touched in...

  • posted by IMV |
  • 25/11/2019

Fundamental Aspect: Soybean prices reported strong in Nagpur Agriculture Produce Marketing Committee (APMC) on increased demand from local crushing plants amid tight supply from producing belt. Healthy rise in Madhya Pradesh soybean prices and reported demand from South-based plants also boosted prices here.  Source: ET Technical Aspect Turmeric (December) Turmeric has its support at 5600 and...

  • posted by IMV |
  • 22/11/2019

Fundamental Aspect: Bearish sentiment prevailed in chana and dollor chana on weak physical and export demand with chana (kanta)being quoted at ₹4,350-75 a quintal and chana (desi) at ₹4,275, while chana (vishal) ruled at ₹4,300 . Chana dal (average) was quoted at ₹5,300-5,400, chana dal (medium) at ₹5,500-5,600, while chana dal (bold) ruled at ₹5,700-5,800. Source: Hindu Business Line Technical Aspect...

  • posted by IMV |
  • 21/11/2019

Fundamental Aspect: Bearish sentiment prevailed in chana and dollor chana on weak physical and export demand with chana (kanta)being quoted at ₹4,350-75 a quintal and chana (desi) at ₹4,275, while chana (vishal) ruled at ₹4,300 . Chana dal (average) was quoted at ₹5,300-5,400, chana dal (medium) at ₹5,500-5,600, while chana dal (bold) ruled at ₹5,700-5,800. Source: Hindu Business Line Technical Aspect...

  • posted by IMV |
  • 20/11/2019

Fundamental Aspect:  Heavy rains in October and November have brought more misery to India's farmers, after summer-sown crops such as soybean, cotton, rice and vegetables suffered rain and flood damage during the wettest June-September monsoon season in 25 years. The recent wet spell is also forcing farmers to delay sowing winter crops, placing a further drag on the rural economy at a time when India's economic growth has...

  • posted by IMV |
  • 19/11/2019

Fundamental Aspect:  Heavy rains in October and November have brought more misery to India's farmers, after summer-sown crops such as soybean, cotton, rice and vegetables suffered rain and flood damage during the wettest June-September monsoon season in 25 years. The recent wet spell is also forcing farmers to delay sowing winter crops, placing a further drag on the rural economy at a time when India's economic growth...

  • posted by IMV |
  • 18/11/2019

Fundamental Aspect:  Heavy rains in October and November have brought more misery to India's farmers, after summer-sown crops such as soybean, cotton, rice and vegetables suffered rain and flood damage during the wettest June-September monsoon season in 25 years. The recent wet spell is also forcing farmers to delay sowing winter crops, placing a further drag on the rural economy at a time when India's economic growth...