At Gold Silver Reports, we deliver reliable agri commodity tips covering wheat, sugar, cotton, and other agricultural commodities. Get daily market updates, intraday and positional trading calls, and expert insights to make smarter decisions in the agricultural commodity market.
Gold Silver Reports — Pepper Arrivals Rising In Vietnam — The global pepper market showed a mixed response during the last week. In Vietnam, the prices have moved up after continuous decrease, following increased arrival of new material from current harvest. Local price of black pepper in HCMC increased almost daily from VND 98,500 per Kg at the beginning of the week to VND 103,500 per Kg at the week’s close.
Gold Silver Reports — Jeera Extends Losses At Unjha Mandi — Jeera extended their losses in Unjha mandi due to new supplies. The spot prices of jeera decreased by Rs 100 per quintal today to trade at Rs 16200-16800 per quintal at Unjha mandi with total arrivals of 12000 bags against demand of 6500 bags.
Gold Silver Reports — The government is continuing its pulses procurement at a generous pace. The pulses procured and imported by the designated agencies are stored in their own godowns as well as godowns hired from CWC/SWC/Private parties. The storage capacity available with FCI, CWC, SWC and other state agencies along with private warehouses available in the country are adequate for storing the buffer stock of pulses.
Gold Silver Reports — Sharp decline in demand and overseas competition are expected to hit into Vietnam and India rice exports. The latest report of the US Department of Agriculture (USDA) India and Vietnam, the worlds leading rice exporters, may see overseas sales fall below previously expected levels due to slowing demand and rising competition from China.
Indias rice exports year could fall by 300,000 tons to only 10 million tons on slower pace and stronger competition in West Africa, the USDA said in its March report, putting it on a par with shipments expected from Thailand.
Gold Silver Reports — Technically MCX Cotton market is under short covering as market has witnessed drop in open interest by -16.15% to settled at 3966 while prices up 60 rupees.
Gold Silver Reports — If Diwali was a little later this year, it may have helped consumers. In all likelihood, food prices will start to ease as the harvest comes to an end in November.
Thanks to a good monsoon and kharif sowing, prices of essential food items are expected to hold steady till the start of the harvest season and reduce marginally after that.However, overall food prices are higher now than during the festival season last year.
Gold Silver Reports — Kapas futures (April) is expected to trade with a downside bias & test 895-885 levels tracking bearish sentiments on the international market.