26 Feb 2017 | 5:56 AM
Research Report
Daily

Commodity Research Report: Agri Fundamental Report

The 2016-17 General Budget gave the maximum emphasis to the Agri sector.
01 Mar 2016 | 09:19 AM

  • The 2016-17 General Budget gave the maximum emphasis to the Agri sector. With 2 years consecutive Monsoon failure and its adverse impact on the crop production, Government initiated efforts to spend more on irrigation, infrastructure, crop insurance, amidst initiating steps for better price realisation of crops for farmers. The Budget focusses mainly on the well-being of the farmers, while ensuring steps to control rising rates for commodities like Pulses by creating separate funds for the same and for improving the crop production. There were thus efforts to ensure improved production while keeping prices under control.
  • The announcements had a bearish impact on the futures market as most Agri counters traded weak.