Mustard futures Trading Range 4150-4350

Gold Silver Reports — Turmeric futures (May) is likely to take support near 8470 levels. Spot turmeric prices increased at Erode markets on Monday due to quality arrivals and upcountry demand. Good quality turmeric arrived and traders also received some fresh upcountry demand.

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Sugar Intraday Trading Level 3440-3660

Sugar Intraday Trading Level 3440-3660Gold Silver Reports — Turmeric-futures (May) is likely consolidate in the range of 8200-8400 levels with upside getting capped. Spot turmeric prices are decreasing daily due to negligible upcountry demand.

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Soybean Output Seen Rising With More Acreage

Soybean Output Seen Rising With More Acreage

Gold Silver Reports — China’s top corn producing province of Heilongjiang, plans to switch 80 percent of his land to cultivate soybeans this year as the government ends a near decade-old corn price support scheme.

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Excess Agricultural Stocks Causing Investor Anxiety

Excess Agricultural Stocks Causing Investor Anxiety

Gold Silver Reports – With the country’s excess agricultural stocks beginning to drag on global commodity prices, the Chinese government has been forced into an overhaul of its farm subsidy program in an attempt to reduce supply and boost demand.

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Jeera Ready for Fresh Buying, Open interest 10.90%

Jeera Ready for Fresh Buying, Open interest 10.90%Gold Silver Reports → Jeera settled up by 3.69% at 15020 on rising demand from stockists and traders at the spot market. Though, Good weather conditions for cumin crop in Gujarat and limited export demand, capped some gains. Jeera supply reported lower in the Unjha spot market as new arrivals started lower quantity. Sources revealed that, Jeera sowing is delayed by 20 – 25 days in Gujarat as a result new Jeera crop arrivals will delay compared to normal arrivals time.

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Sugar Production Rises in India 4.5%

Sugar Production Rises in India 4.5%Gold Silver Reports ~ Sugar Production Rises in India mills 142.53 lakh tonnes of sugar as on 31st Jan, 2016 marking 4.57 % increase, according to ISMA (Indian Sugar Mills Association).

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