Government sweats to make buffer stock of pulses, know which agri commodities have action

In fact, farmers are selling pulses in the open market due to higher prices. As a result, the government is not getting pulses back for stock. The government has so far been able to create a buffer stock of only 3 lakh tonnes whereas the government produces a buffer stock of 1.5 million tonnes every year.

Let us know that pulses are purchased at MSP but the market price of pulses is quite high. This is the reason that despite record production, the price of pulses is not lacking. Prices of tur, urad, moong dal have crossed Rs 100 per kg in the market, while gram dal has reached Rs 70 per kg.

Mustard strength

All agri commodities except guar and castor are witnessing a boom. Mustard has strengthened around 3%. At the same time, there is strong buying in soybean and CPO. Coriander and cumin are trading on the edge.

Trading in Gold and Silver

Today, gold is traded in a limited range but silver has increased due to strong industrial demand. MCX is seeing more than 1 percent rise in silver. At the same time, the shine of the metal is still intact. LME Copper is trading at an 8-year high. At the same time, Copper has created a new life time high on MCX. Zinc, nickel and lead are also shopping strongly.

Crude oil boom

Even after the 5% gain of the previous week, there is a strong rise in crude today. Brent has crossed $ 63. There is support from increasing demand and continuous increase in rig count in the US.

Investment advice by SMC Global’s Vandana Bharti

BUY CHANA MARCH 4600 TGT 4720 SL 4550

BUY CASTOR MARCH 4415 TGT 4500 SL 4390

BUY CORIANDER APRIL 6600 TGT 6675 SL 6565

Investment advice by Prathamesh Mallya of Angel Broking

BUY GOLD APRIL 47250 TGT 47800 SL 47000

BUY SILVER MARCH 69500 TGT 71000 SL 68800

BUY CRUDE OIL FEB 4380 TGT 4500  SL 4330