Recent rains and hail storm in many parts of north India during past week till yesterday has put farmers in further trouble as harvesting process of Rabi season crops like wheat is further delayed and to some extent there has been loss to the crops also.
Please note that during March and till this Sunday rains in many states particularly north Indian states have caused a considerable loss to the rabi crop production. There are also issues of quality deterioration. The extent of loss varies from farmer to farmer and state to state.
The states and central government have made an assessment of crop damage and appropriate relief measures are being taken by the concerned agencies.
This recent spell of rains/hail storm/squall has become a turning point for some of the commodities which were in search of a fresh direction in market.
And now this positive momentum seems more vigour than expected particularly in commodities like Chana (Gram), Jeera (Cumin), Mustard seed, Barley and wheat and may last for medium term.
The cascading positive effect will also be seen in other oilseeds like soybean, edible oils like refined soy oil, crude palm oil and cotton etc.
Right now most of the above mentioned commodities are up in the range of 1 to 4% from their previous close.
Please note that during March and till this Sunday rains in many states particularly north Indian states have caused a considerable loss to the rabi crop production. There are also issues of quality deterioration. The extent of loss varies from farmer to farmer and state to state.
The states and central government have made an assessment of crop damage and appropriate relief measures are being taken by the concerned agencies.
This recent spell of rains/hail storm/squall has become a turning point for some of the commodities which were in search of a fresh direction in market.
And now this positive momentum seems more vigour than expected particularly in commodities like Chana (Gram), Jeera (Cumin), Mustard seed, Barley and wheat and may last for medium term.
The cascading positive effect will also be seen in other oilseeds like soybean, edible oils like refined soy oil, crude palm oil and cotton etc.
Right now most of the above mentioned commodities are up in the range of 1 to 4% from their previous close.
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