Commodity picks: 11 April 2016

MUSTARD SEED

Mustard seed prices at the Jaipur spot market are trading at Rs 4,521 a quintal. Prices rose sharply, as demand for oil and meal remained good. A sharp rise in seed prices has resulted in negative crush parity. Also, prevailing high prices might slow buying by stockists. We expect spot prices of mustard seed to correct till Rs 4,350 a quintal

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BLACK PEPPER

Pepper prices in Kochi are currently trading at Rs 69,009 a tonne. Lack of arrivals, coupled with steady demand, is expected to support prices in the coming days. There are also concerns of lower than expected production. Prices are expected to trade firm towards Rs 69,800 a tonne in the coming days

Prerana Desai

V-P (Research), Edelweiss Agri Services and Credit Edelweiss Integrated Commodity Management Ltd

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