Google+ Followers

Monday, 3 February 2014

Understanding Indian Commodity Market -- ISBN: 9788175110502 (by Dr. Hanish Kumar Sinha)

Understanding Indian Commodity Market is a unique imitative which forth the complexities of functioning of Indian Commodity Market in a simple easy to grasp text. The chapters give a deep insight into the different realms of commodities market from the investor as well as the regulator point of view. The author has taken utmost care to list out the minutest details which would enhance the understanding of the individual about the Indian Commodity Market. This book aims at making the individual/ corporate a better investor. The glossary of important term & acronyms has been given at the end of the book which has been put together to ease the process of understanding. All the chapters as Indian Commodity Exchanges, Regulatory Institutions in Commodities Futures, Forward Markets Commission, Risk Management in Commodities Market, Price Analysis of Commodities – A Fundamental Approach and Price Analysis of Commodities - A Technical Approach, has been designed meticulous to bring out every possible detail on the particular topic to the readers. These sections, along with the list of References make this book, a unique publication and a most comprehensive reference Book in the commodity space.

The Book would be useful to all commodity participants, especially those connected to the agriculture sector, as well as to the general reader interested in gaining insights into the functioning of the commodity market. The Book has special interest and relevance to policy makers, agricultural researchers and students, economic analysts, commodity and finance professionals, commodity processors, manufacturers, importers and exporters, logistics providers, risk managers and all those engaged along the entire value chain.

Barley Price Surge Inevitable Amidst Strong Fundamental Support

Prices have been rising since January 2006 due to high exports. Hanish Kumar Sinha, head, trade and commodity intelligence group, National Collateral Management Services, says world barley stocks are likely to end 2012-13 at a five-year low of 22.5 MT, with a sharp 14% drop in inventory in major exporting countries to 12.5 MT, the lowest in 17 years. In 2013, barley prices rose 1.72% on the NCDEX and were at Rs 1,659 a quintal on December 31 as against Rs 1,573 a quintal on January 1.

India's production in 2012-13 is estimated at 1.74 MT, marginally higher than the 1.62 MT in the preceding year, owing to good rains in the kharif season and improving yields due to high MSP.

Over 91.71% production was contributed by Rajasthan (48.75%), Uttar Pradesh (24.96%), Haryana (9.45%) and Madhya Pradesh (8.54%). "The domestic consumption is estimated at 1.5-1.75 MT. India is the 14th -largest consumer, with the leaders being European Union (37.91%) and China (9.57%)," says Sinha.

Barley is sown in October-December and is dependent upon a good monsoon. According to market experts, this year, good rainfall in major producing regions will provide the required soil moisture. The upcoming season is likely to see production of 1.7-1.8 MT.

Sinha of National Collateral says barley is expected to continue trading on the higher side due to lower production in the European Union. However, spot prices are expected to rise on the back of high export demand and get support at Rs 1,172 per quintal. It has a good possibility of testing Rs 1,740 in 2014 on the higher side.


Blog Archive