Tur
Tur prices are likely to move higher in the short term. The coming festive season is likely to attract millers demand. Also, the fear of yield losses due to below normal rain in the growing regions is likely to support prices. Domestic supply is expected to remain tight till December, when the new crop arrives. Possibility of any exorbitant surge in imports is unlikely due to tightness in the sourcing nation, Myanmar. Prices are likely to move higher, towards Rs 7,600-7,700 per quintal .
Cotton seed oil cake
Seasonally, Cotton cake prices remain positive starting from May till August tracking lean season leading to lower crush. This year also, there has been no exception. Since May, cotton cake prices grew by two per cent to current levels of Rs 1,880 per quintal (NCDEX Akola). Moving forward, cotton seed arrivals will further come down, as the season is coming to an end. Such lower arrivals will result in further decline in crushing and, in turn lesser availability of cake. Scanty rains in the major growing areas will also remain supportive for the sentiment. For the coming week, prices might rise to Rs 1,920 or 1,930 per quintal .
Prerana Desai,
Vice President-Research - Agri Value Chain, Edelweiss Integrated Commodity Management
Vice President-Research - Agri Value Chain, Edelweiss Integrated Commodity Management
