 "Commodity picks")
Maize
Maize prices in the Gulabbagh market are trading at Rs 1,400 per quintal. Prices are expected to trade higher towards Rs 1,440 per quintal, following lower stocks in the open market of south India and supportive of Bangladesh export demand. Limited arrivals across the physical markets and weakening rupee would also support the prices to trade higher.
Cotton Seed Oil Cake
Lower crushing-led limited availability of cotton seed oil cake resulted in persistent higher prices of COC in the current year. Since November last year, COC NCDEX Akola prices have appreciated 63 per cent to Rs 1,994 per quintal and broke the historical high of Rs 1,956 per quintal. Prices will remain bullish due to the lean season and lower supplies. Prices will trade higher towards Rs 2,050 in the coming week.
Prerana Desai, Vice-president (research), agri value chain, Edelweiss Integrated Commodity Management
Maize prices in the Gulabbagh market are trading at Rs 1,400 per quintal. Prices are expected to trade higher towards Rs 1,440 per quintal, following lower stocks in the open market of south India and supportive of Bangladesh export demand. Limited arrivals across the physical markets and weakening rupee would also support the prices to trade higher.
Cotton Seed Oil Cake
Lower crushing-led limited availability of cotton seed oil cake resulted in persistent higher prices of COC in the current year. Since November last year, COC NCDEX Akola prices have appreciated 63 per cent to Rs 1,994 per quintal and broke the historical high of Rs 1,956 per quintal. Prices will remain bullish due to the lean season and lower supplies. Prices will trade higher towards Rs 2,050 in the coming week.
Prerana Desai, Vice-president (research), agri value chain, Edelweiss Integrated Commodity Management