Commodity focus

The US Department of Agriculture said that only 34% of the country’s soybean produce was in “good to excellent” shape, down from 40%. India imports soybean from the US. Lower production prospects in the US, due to adverse weather conditions, have already created a bullish impact on the Indian prices. The prices have skyrocketed 33%, over the last one month, to Rs4,811 per quintal. US is the...

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Mcx price trends

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Commodity trends

Onion

India is the world’s second largest producer of onion; Maharashtra is one of the main onion-growing regions. Traders are optimistic about further rise in prices due to a deficient monsoon. Recent measures taken by the government to scrap the minimum export price helped little and seem to have backfired. The average modal price in Maharashtra for the month of June 2012 was...
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