Indian Indices
Global Indices
Commodity (SPOT)
Currency (SPOT)
04 Dec 2016 | 7:48 AM
Research Report
Daily

Commodity Research Report: Agri Fundamental Report

Weak Monsoon reports kept supporting the prices but reports of rains in some parts of North-West India in Gujarat and Rajasthan enabled prices to weaken as rains at this time would improved the sowing prospects.
04 Jun 2015 | 09:23 AM

  • Weak Monsoon reports kept supporting the prices but reports of rains in some parts of North-West India in Gujarat and Rajasthan enabled prices to weaken as rains at this time would improved the sowing prospects. Agri markets thus traded with high volatility as some corrections seen after the recent highs. Prospects of further rains in these regions in coming days could pressurize market sentiments to some more extent.
  • Short term trend is determined mainly by the Monsoon arrival and its progress – mainly towards North-West and Central India. Monsoon is expected to arrive in Kerala coast by 5th June and its progress towards rest of India would determine the near term trend.
  • Impact of El Nino that may have some major adverse impact on the Indian Monsoon too needs to be watched carefully as IMD has predicted that its impact could be significant.
Regenerate OTP
Thank You for your interest in Religare Online. Our Representative will get in touch with you shortly.