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.
Agri Commodity
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.
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.
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).
Winter Has Affected The Nilgiris Tea
Gold Silver Reports ~ Winter has taken its toll on the tea in India’s Nilgiris. As temperature treads lower depths production of tea in South India’s largest tea producing district.
Centre Govt Will sanction Rs. 30 Lacs; Agricultural market
Gold Silver Reports – India is moving ahead with the reforms in online agri markets with the aid of technology. The Narendra Modi government is planning to launch new software to enable E-connectivity of Agricultural markets in the country.
Budget 2016: Agri Equipment Bank Top Recommendations
Gold Silver Reports ->> India is gearing up for Union Budget 2016 which attracts much attention as expectations are high amidst global commodity price slump and volatile economy. Arun Jaitley, Union Finance Minister, has been presented with many pre-budget recommendations including the proposal for improving the farm sector.
Indian Agri Markets Weak Trend
Gold Silver Reports – Trend looks weak for the Agri sector as fall in International markets across most sectors are likely to pressurize Indian market sentiments also. Short term trend looks slight weak for the time being even as traders expect the trading activities to pick up in coming weeks.