Commodities Buzz

COMMODITY TIPS | THAILAND CORN PRODUCTION TO JUMP 11 PERCENT IN 2016-17:-

Thailand's corn production in marketing year 2016/2017 is likely to increase to 5.2 mmt, up 11% from the previous year, according to the USDA's GAIN report. Farm-gate price of corn is hovering around USD 0.17 per kg currently. This is a 24% reduction compared to the same period last year in part due to competition from other feed ingredients. Feed wheat imports have been acting as a substitute for domestic corn in compound feed for poultry due to its relatively cheaper price.
The downward pressure on domestic corn prices has led the government to impose import restrictions on feed wheat and to pursue more stringent import measures on alternative feed ingredients. In the first five months of marketing year 2016/2017, wheat imports totalled 2.3 mmt, but feed wheat imports are likely to slow down in the second half in response to new government restrictions.
If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, equity tips call @8109999233 or fill form http://equityresearchlab.com/Freetrial.php please drop your number for profit calls...?