Daily

Daily Metal & Agro Buzz:


HIGHLIGHTS:

The hike in the minimum support price (MSP) of Cotton for the kharif 2018 season was 2.5 times that of Soybean but farmers in key states appear to have migrated to the oilseed, finding it potentially more remunerative. On an all-India basis, the area under Cotton was 4% lower at 109.8 lakh hectares as on August 3 compared with what it was at the same time last year; Soybean acreage, on the other hand, was about 11% higher than last year at 109.5 lakh hectares. With 36.5 million bales (of 170kg each) of Cotton production estimated for 2017-18 crop year (July-June), the export of the fibre crop may increase to 7 million bales in the current marketing year (October-September) from 5.8 million bales in the previous year, Cotton Association of India said last month. However, any fall in Cotton production in 2018-19 crop year (July-June), may lower exports from India next year even as traders were expecting to cash in on the US-China trade war after China levied additional a 25% import duty on US Cotton. Since Soybean and Cotton are competing crops in the kharif season, farmers will obviously prefer the one which will give them higher returns.

Tags: Technical


Search Reports

SEARCH

Open an account

OPEN AN ACCOUNT

Reports

Daily Market Update...

On 18/12/2018 markets opened...

Read More

Daily Metal & Agro Buzz:

HIGHLIGHTS: For procurement...

Read More

Daily Currency Market...

HIGHLIGHTS: The U.S. dollar...

Read More

Daily Market Update...

On 17/12/2018 markets opened...

Read More

Daily Metal & Agro Buzz:

HIGHLIGHTS: The U.S....

Read More

BAJFINANCE

SHORT TERM TRADING CALL: BUY...

Read More

DELTACORP

SHORT TERM TRADING CALL BUY...

Read More

HDFCAMC

SHORT TERM TRADING CALL: BUY...

Read More

Marico Initiating...

Marico is the market leader...

Read More

MGL

SHORT TERM TRADING CALL: BUY...

Read More

Subscribe to newsletter

Request a call back

DISCLAIMER: This document has been prepared by Arihant Capital Markets Limited (hereinafter called as Arihant) and its subsidiaries and associated companies. This document does not constitute an offer or solicitation for the purchase and sale of any financial instrument by Arihant. This document has been prepared and issued on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst meticulous care has been taken to ensure that the facts stated are accurate and opinions given are fair and reasonable, neither the analyst nor any employee of our company is in any way is responsible for its contents and nor is its accuracy or completeness guaranteed. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. Arihant Capital Markets Ltd (including its affiliates) or its officers, directors, personnel and employees, including persons involved in the preparation or issuance of this material may; (a) from time to time, have positions in, and buy or sell or (b) be engaged in any other transaction and earn brokerage or other compensation in the financial instruments/products discussed herein or act as advisor or lender/borrower in respect of such securities/financial instruments/products or have other potential conflict of interest with respect to any recommendation and related information and opinions.