World ending stocks are projected to decrease by 8% to 20.4 million tonnes, which represents about 86% of world cotton consumption in 2015/16. This is the first reduction in world ending stocks since 2009/10.
Over 50,000 MT pulses have been procured from the farmers by various Government agencies at the market prices and decision to import 20,000 MT pulses has been taken.
Near term trend can be expected to be weak for the agri futures markets with Chana, Guar, Kapas and oil complex set for further decline on the back of fall in global markets.
Iraqi government has asked international oil companies (IOCs) to reduce spending plans at southern oil fields in 2016 because Iraq has been struggling to keep up its share of payments to IOCs.
