Tuesday, 3 January 2012

Agri Commodity News

Agri-commodities especially oilseeds, pulses and food grains are rebounding on adverse weather, acreage concerns and likely fall in production in the coming season. Overall mixed trends are expected with some commodities such as Cotton and Sugar weakening on rise in production.

Indian equity market has begun on a positive note in 2012, European stocks have shown buoyancy offlate and US unemployment data point to slow recovery taking place which augurs well for the commodity as well as equity markets. Strengthening of US dollar, Euro will reduce the appeal of precious metals and energy complex, he added.

India commodity futures market has already grown more than 65% at Rs 130.577 lakh crore till December 15  of 2011-12 and looks set to cross Rs 160 lakh crore by the end of the financial year compared to Rs 115 lakh crore recorded in 2010-11.

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