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Latin Manharlal Commodities Pvt. Ltd.
Rapeseed -
Latin Manharlal Commodities Pvt. Ltd.
- Mustard (RM Seed
13th
Latin Manharlal Commodities Pvt. Ltd.
RM Seed)
th February 2013
Latin Manharlal Commodities Pvt. Ltd.
Member: MCX: 16500, NCDEX: 00119
Viraj, 5th
Floor, 124, S.V.Road, Khar (West), Mumbai
Tel No: 022- 40350162 Fax No
Rapeseed – Mustard (RM Seed) is
Rabi oilseed crop cultivated in Gujarat,
Rajasthan, Haryana, Uttar Pradesh
Madhya Pradesh. Sowing generally happens
in the month of October. It takes 120
days for the crop to mature. The new season
crop hits the market from mid February.
7-10 days due to unseasonal rains in some parts of India during last month.
Over the few weeks we have been constantly meeting the value chain participants and there has been
growing consensus that this year we will have a bumper crop of RM Seed. Industry associations also
expect production to increase by 20% to 69 lakh tons. The main reasons attributing to higher output is
revival of late monsoon in August
variety of Gujarat Mustard 3 variety seed which increased the yield by 30
We believe that fundamentals are weak as supplies will outcast the demand during the arrival season.
Furthermore, the yields are expected to increase by 20
opportunity to sell on price rise in RM Seed to Rs. 3,450 for the target of Rs. 3,300
At a glance
� Bumper crop expectations despite
unseasonal rains
� Area under sowing increased to 67 lakh
hectares as compared to 64 lakh hectares
last year
� Expectations of increase in yield as
farmers adopt high yielding variety seeds
� We suggest a sell in RM Seed
Rs.3,425 with a target of Rs.3,300
RM Seed
The Final lap
Latin Manharlal Commodities Pvt. Ltd.
00119
Floor, 124, S.V.Road, Khar (West), Mumbai-400 052.
Fax No: 022-40350132 E-mail: [email protected]
Mustard (RM Seed) is a major
abi oilseed crop cultivated in Gujarat,
Rajasthan, Haryana, Uttar Pradesh and
Madhya Pradesh. Sowing generally happens
October. It takes 120-135
days for the crop to mature. The new season
crop hits the market from mid February. The forthcoming Rabi season crop is expected to get delayed by
days due to unseasonal rains in some parts of India during last month.
Over the few weeks we have been constantly meeting the value chain participants and there has been
s year we will have a bumper crop of RM Seed. Industry associations also
expect production to increase by 20% to 69 lakh tons. The main reasons attributing to higher output is
revival of late monsoon in August-September, favourable climate conditions and n
variety of Gujarat Mustard 3 variety seed which increased the yield by 30-35%.
We believe that fundamentals are weak as supplies will outcast the demand during the arrival season.
Furthermore, the yields are expected to increase by 20-22%. We would suggest investors to take an
opportunity to sell on price rise in RM Seed to Rs. 3,450 for the target of Rs. 3,300.
Bumper crop expectations despite
Area under sowing increased to 67 lakh
hectares as compared to 64 lakh hectares
Expectations of increase in yield as
high yielding variety seeds
RM Seed around
Rs.3,300
Year Rajasthan Uttar Pradesh Madhya Pradesh
2012 2620326 798356
2011 2919937 881940
2010 2060528 897568
2009 2308488 732593
Latin Manharlal Commodities Pvt. Ltd.
abi season crop is expected to get delayed by
Over the few weeks we have been constantly meeting the value chain participants and there has been a
s year we will have a bumper crop of RM Seed. Industry associations also
expect production to increase by 20% to 69 lakh tons. The main reasons attributing to higher output is
September, favourable climate conditions and new high yielding
We believe that fundamentals are weak as supplies will outcast the demand during the arrival season.
We would suggest investors to take an
Madhya Pradesh Gujarat
362413 289455
349887 376197
374808 311968
182084 336844
Latin Manharlal Commodities Pvt. Ltd.
Member: MCX: 16500, NCDEX: 00119
Viraj, 5th
Floor, 124, S.V.Road, Khar (West), Mumbai-400 052.
Tel No: 022- 40350162 Fax No: 022-40350132 E-mail: [email protected]
Notes:
DISCLAIMER: This document has been prepared on the basis of publicly available information, internally developed data and
other sources believed to be reliable. While we are not soliciting any action based upon this information, all care has been
taken to ensure that the facts are accurate and opinions given fair and reasonable. Neither LATIN MANHARLAL COMMODITIES
PVT LTD, nor any of its employees shall be responsible for the contents. Our directors or employees, may from time to time,
have positions in, or options on, and buy and sell commodities referred to herein.
Commodities Desk
Chirag Sheth VP - Commodities 022 40350184 [email protected]
Brijesh Bhatia Technical Analyst 022 40350185 [email protected]
Samir Shah Manager- Spot Market 022 40350103 [email protected]
Rohan Shanbhag Research Associate 022 40350185 [email protected]
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