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Epic Research Daily Agri Commodity Report Of 05 April 2019

Farmers in Maharashtra have reasons to worry as the first advance estimates of the National Horticulture Board have revealed that the state may register a drop in its fruit and vegetable production in the 2018–19 crop year (July-June). Fruit production in the 2018–19 crop year is likely to drop to 99.92 lakh tonnes from 117 lakh tonnes in 2017–18. Vegetable production may fall by 7 lakh tonnes (to 116 lakh tonnes) in 2018–19 as against last crop year's 123 lakh tonnes.
Exports of non-basmati rice from India have come to a standstill, with the government yet to renew a 5% benefit to exporters under the Merchandise Exports from India Scheme, traders said.
Pending renewal of the scheme, which lapsed on March 25, no fresh contracts have been signed, exporters said. Indian rice is already uncompetitive in the global market because of high minimum support prices given to farmers, a strong rupee and lower prices in Thailand, Pakistan and Myanmar, they said.
BUY GUARGUM APR 9010 TARGET 9040/9100/9150 SL BELOW 8960
SELL GUARGUM BELOW 8926 TARGET 8896/8836/8786 SL BELOW 8976
BUY DHANIYA APR ABOVE 7254 TARGET 7269/7329/7399 BELOW SL 7224
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News Release: Epic Research Daily Agri Commodity Report Of 05 April 2019
Submitted on: April 05, 2019 05:46:09 AM
Submitted by: EpicResearch
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