weekly Agri Report by epicresearch 06-02-2012 to 10-02-2012

Weekly New Jeera trades higher on lower sowing. Turmeric weakens on rising arrivals.

indore, India (prHWY.com) February 6, 2012 - Weekly New
Jeera trades higher on lower sowing.
Turmeric weakens on rising arrivals.
Pepper gains on short covering.
Soybean weakens on lower export data

Food grains production in FY12 estimated at 250 MT: India is likely to produce 250.42mn
tones of food grains during 2011-12 compared to 232.07mn tones last year. This is 18.35mn
tonnes higher than 2010-11. Wheat production is expected to reach 88.31mn tones, pulses
17.28mn tones and cotton 34.09mn bales (of 170 kg. each) this year
61.6 lakh farmers covered under weather insurance: The coverage of farmers under Weather
Based Crop Insurance Scheme (WBCIS) has gone up from 35 thousand in Kharif 2007 to 61.6
lakh in Kharif 2011. Claims worth Rs.972 crore have been settled so far. The overall coverage
under the scheme is 1.95 crore farmers over an area of 2.78 crore hectares.
Sugar Mills stock up as India May look at more exports : The shares of Sugar mills are trading
up after reports stated that Food Minister K V Thomas said that India may consider allowing
more sugar exports on February 7. The shares of Bajaj Hindusthan, Shree Renuka Sugars,
Dhampur Sugar Mills and Balrampur Chini Mills are up between 1.8% to 7.6%.
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