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The government is mulling allowing wheat exports as the country is braced for a record wheat production this year. The decision may be taken by April-end or May. The exports would be considered only after ensuring the domestic demand is fully met. As per the official estimates, the country's wheat production is expected to be a record 81.4 million tonnes this year, as against 80.80 million tonnes in 2009-10 (July-June).
According to the FCI data, the arrivals of wheat crop so far in Madhya Pradesh and Gujarat have been only 2.4 lakh tonnes as compared to 4.93 lakh tonnes in the year-ago period. Despite low arrival, the FCI has procured over 1.57 lakh tonnes of wheat largely from Madhya Pradesh and only 40 tonnes from Gujarat so far. Wheat procurement is likely to begin in Punjab and Haryana from April 1. FCI has set a higher procurement target of 26.2 million tonnes for 2011-12 marketing year (April-March), as against 22.51 million tonnes last year. The bulk of the procurement is being done between April and June. Wheat is grown in Rabi (winter) season.
On cotton, the country is heading for a bumper production in 2011-12. Cotton output in the next year will be 10 per cent more than 2010-11. Cotton production stood at 33.9 million bales (170 kg each) in 2010-11 crop year (July-June).
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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