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Agri Picks Report: Geojit

Agri Picks Report: Geojit Geojit s report on Agri Picks India s export of castor oil jumped over 70% in December, but the prices of its seed have remained sticky due to weak domestic demand and adequate stocks. And now fresh crop has flooded the market. Exporters have signed a deal for nearly 50,000 tn wheat to Bangladesh at $220- $230 per tn, free on board. These shipments will leave from Kandla port within the next few days, market sources said. Clearing corporations will impose pre-expiry margins on cash settled contracts where the price of the underlying commodity may fall to near zero or negative territory, the Securities and Exchange Board of India said in a circular. The Indian economy is likely to have exited a technical recession in the December quarter, with GDP seen rising 0.5%, according to the median of estimates of 27 economists polled by Informist. Malaysia s palm oil exports during Feb 1-20 are estimated to be 10% higher on month at 697,794 tn, according to cargo su

Agri Picks Report: Geojit

Agri Picks Report: Geojit Geojit s report on Agri Picks The food ministry has cut the proposed subsidy on sugar exports by over a third to 6.0 rupees per kg, to help get an approval from the finance ministry, two senior government officials said. Production of sugar by mills in Brazil s centre-south region was up 22.6% at 427,000 tn, against 348,000 tn a year ago, in the second fortnight of November, the country s sugarcane industry association, known by its Portuguese acronym UNICA, said in a report. The National Agricultural Cooperative Marketing Federation of India has purchased around 7,628 tn of key pulses harvested in the 2020-21 (Jul-Jun) kharif season in Tamil Nadu, Maharashtra, Rajasthan and Haryana as of Wednesday, an official with the agency said. The US Department of Agriculture has scaled down its estimate for global oilseed production for 2020-21 to 595.7 mln tn from the 597.3 mln tn projected in November, largely due to reduced crops.There are near 100% chances of th

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