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Epic Research Daily Agri Commodity Report Of 9 November 2018

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India, 9 November 2018 -- Sugar production in 2018–19 (October-September) is expected to be lower than the initial forecast but will still be in excess of the projected demand, meaning depressed prices will continue to impact payment of dues to growers.The output of the sweetener is estimated to be lower by 11% at 31 million tonnes in the sugar season because of late rains and a pest attack in the cane growing areas.

Sugar production in 2018–19 (October-September) is expected to be lower than the initial forecast but will still be in excess of the projected demand, meaning depressed prices will continue to impact payment of dues to growers.The output of the sweetener is estimated to be lower by 11% at 31 million tonnes in the sugar season because of late rains and a pest attack in the cane growing areas.
India's cotton textile exports increased by 26 per cent at USD 6,235 million in the first six months ended September 2018 and the on-going trade war between US and China will open up new export opportunities, the Cotton Textiles Export Promotion Council (Texprocil) said.The country had exported cotton textiles (raw cotton, yarn, fabrics and made-ups) worth USD 4,917 million in April-September 2017–18.
EconomicNews
Paddy procurement for federal food security system is likely to decline 6–8% in India as farmers are harvesting a lower yield after heavy rains in September had hit the harvest- ready crops in the northern states. The overall decline in output of paddy is likely to impact government procurement as well as export of non-basmati paddy from India.
Export of raw sugar from India to China will begin early next year, the government said on Thursday. Raw sugar is the second product after non-basmati rice that China will import from India.
"A contract for exporting 15,000 tonne of raw sugar has been entered to by the Indian Sugar Mills Association and COFCO, a government of China run public sector Company," said commerce and industry ministry in a statement.
Trading Recommendations
BUY CORIANDER NOV ABOVE 5770 TARGET 5810/5850/5890 SL 5650
BUY GUARGUM5 NOV ABOVE 10080 TARGET 10120/10160/10200 SL 9960
BUY TURMERIC NOV ABOVE 6790 TARGET 6830/6870/6910 SL 6670
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Submitted by Epic Research, Epic Research Pvt.Ltd indore on Friday, 9 November 2018 at 1:28 PM
Category: Business
 
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