Stock Watch

It has been reported that the futures of the India Jeera has ended weak and the reason was pointed to the fact that the demand from the jaded spot demand had done quite a job at bringing the prices down.

Although the weather has tremendously improved from its previously bad state which was prevailing in the past weeks and even though the necessary stocks were available, the prices are expected to be weak as there was not sufficient physical demand for the commodity.

As per beliefs shared by the Finance Ministry in its mid-term review, food prices are not likely to come down anytime soon, especially since the Government is now expecting the supply-side restrictions to continue over the short-term on the back of a decline in summer farm output because of poor monsoon and floods in some parts of the country.

Solvent Extractors Association (SEA) announced that India's edible oil imports are expected to touch the 8 million tonne mark, up by 27%, as compared to 6.3 million tonnes in the same period of current year.

The oil year runs from October to September.