FG floats agricultural commodity trade centre

The national has taken some steps towards digitalizing the country’s agricultural goods market, that stakeholders believe had been at infancy stage for many years, by the establishing the agricultural market info centre.

This new initiative was unveiled in Nigerian capital recently by the Ministry of Agriculture and Rural Development throughout a capability building coaching workshop for workers members UN agency can handle the centre nationwide.

Addressing participants at the workshop, the Permanent Secretary of the ministry, Dr. Bukar Hassan, aforementioned that the resolve of presidency to pursue smartly exportation of agricultural commodities was the force behind the institution of the centres.

He explained that the country’s agricultural market setting was lacking a reliable and digitalized information base, creating it tough for investors associated exporters of agriculture commodities to create an educated selection.

Hassan explicit that there was got to promote investment, production, processing, selling and exportation of agricultural turn out through a harmonized info sharing system, that he aforementioned would boost the economic recovery programme of this administration.

“It has become imperative to market agricultural market info to help investment production, processing, selling and exportation of agricultural turn out  of the country,” he said.

“It is thus, apparent that investors, marketers and exporters of agricultural export turn out from the country would undoubtedly would like a additional reliable single purpose of contact to facilitate tailored agricultural market info support services and top quality market information for educated investment higher cognitive process across the agricultural worth chains.”

Participants drawn from the thirty six states of the federation, and therefore the FCT were sceptred with laptops and alternative operating tools for the operations of the data centres.

In his remarks, the Director Agric-business and Market Development, Alhaji Musibau Azeez, explained that the target of the capability building workshop was to supply necessary skills for the officers UN agency would be concerned within the operations of the centres.

Azeez, UN agency was painted by Engr. Daniel Udo, conjointly noted that coaching and empowering the officers became necessary as a result of they'd would like a digitalized platform to gather, collate, analyses, transmit and propagate relevant agricultural info associated with agricultural commodities costs.

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BigBasket inches closer to unicorn tag after raising $300 mn from Alibaba, others

Super Market Grocery provides Pvt Ltd, that owns the Big Basket complete, has raised $300 million (around Rs 1,921 crore) during a recent funding spherical semiconductor diode by Chinese e-tailer Alibaba, the web grocer’s chief military officer told VCCircle.

CEO Hari Menon, WHO is additionally Big Basket’s co-founder, aforesaid that Alibaba contributed around seventy fifth(around $225 million or Rs 1,440 crore) of the full funding whereas existing investors Abraaj, International Finance Corporation (the investment arm of the globe Bank), and Sands Capital accounted for the remainder.

Menon aforesaid the money was raised through a combination of primary and secondary transactions.
Morgan Stanley suggested Big Basket for the group action.

“Now that our backend is geared up and prepared, the funds can primarily be used for growth and consolidation, as we tend to don't seem to be increasing into any longer cities,” Menon aforesaid.

He didn't offer any details regarding valuation. However, a supply near the corporate told VCCircle that Big Basket’s valuation is approaching imaginary being standing – a startup valued at $1 billion – post this funding spherical.

“The company currently commands a valuation of around $950 million,” the preceding person aforesaid.

Just last December, the Competition Commission of Republic of India had cleared Alibaba Group’s acquisition of a stake within the on-line merchandiser.

The development comes when months of speculation, triggered by many media reports, that explicit that Big Basket was set to lift between $200 million and $300 million from Alibaba and Paytm Mall combined similarly as from existing investors.

However, Paytm Mall didn't participate within the latest funding spherical.

In September last year, news web site The Ken had reportable that Big Basket had secured $280 million during a Series E spherical from existing investors Sands Capital and Dubai-based Abraaj cluster, besides new investors Paytm Mall and Alibaba cluster.

However, in December last year, The Economic Times, citing individuals within the apprehend WHO didn't want to be known, had reportable that Alibaba was set to place in $300 million for a 35-40% stake in Big Basket, translating into a post-money valuation of $850 million.

Big Basket, that is presently the country’s prime grocery e-tailer, operates in twenty seven cities continuance Rs 200 large integer in terms of monthly run-rate.

“We hope to bring this range to Rs 300 large integer by August-September this year and hit a Rs 500 large integer monthly run rate by March 2019,” Menon aforesaid.

Bangalore and Hyderabad have broken even already whereas Madras, Ahmedabad and Calcutta area unit expected to interrupt even within the next two-three months, he added.

While market Grocery provides is that the wholesale product provider, Innovative Retail ideas runs the consumer-facing arm of the BigBasket property below licence from market Grocery.

In 2016-17, income of Innovative Retail stood at Rs 1,090.49 crore, up from Rs 527.46 crore. Gross expenses rose four-fold to Rs 1,282.36 crore, up from Rs 630.97 large integer within the previous twelvemonth.

Alibaba’s investment also will provide BigBasket the much-needed posture to fight Amazon.

The Seattle-based e-tailing big recently got regulative approval to line up a retail unit within the country to sell personal food labels.

Amazon has committed $500 million over future two-three years towards this food retail unit. Amazon conjointly offers on-line delivery of groceries and daily necessities through its app Amazon currently and its on-line market service Amazon buttery.

However, BigBasket may also face another formidable contender in Flipkart, that declared its second innings within the section through a soft launch of its grocery delivery service Supermart in November last year.

On Wednesday, media reports had explicit that US-based offline and on-line merchant Walmart Stores INC. was in advanced stages of talks to shop for a big minority stake in Flipkart.

Walmart may develop the maximum amount as 15-20% stake during a deal that may happen by the top of March. once the deal materializes, Flipkart may see Associate in Nursing investment north of $1 billion.

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Gold Gains Momentum while Equities Soar to New Peaks – Where Next for Gold when Stocks Crash?

Gold Bull Gains Momentum as Equities Pose Risk

The gold worth might peak at $1,500 per ounce throughout 2018, same GFMS Gold survey because of the danger exhibit by high-flying equities. “Our forecast discounts 3 Fed rate hikes, though a possible heating from the impact of the new tax reform may lead to a lot of aggressive modification, limiting gold’s top side,” same GFMS Gold Survey (GMFS).

“The forecast for the annual average is unchanged from our read of 3 months agone, though we've extended our top side targets as we have a tendency to expect magnified worth volatility this year,” it added. GFMS forecasts a median of $1,360/oz.

The metal is presently commerce at $1,359/oz that represents a three-year high.

GFMS same this political science climate and potential equity market issues would still support gold in its role as a risk hedge.

“We argued 3 months agone that there's growing risk in equities and whereas strength has persisted we have a tendency to still believe that the markets got to brace themselves for a pointy correction once the feeding fury abates,” it said.

 “Gold’s role as a risk hedge can stay confirmative as rising tensions in Europe and a somewhat spontaneous approach from President Trump are raising uncertainty levels.”

From a physical commerce perspective, GFMS expected associate degree improvement in Chinese investment demand while Indian gold demand was expected to stay at levels like 2017. throughout the fourth quarter, physical demand was below averages over alternative years aside from 2016 wherever physical demand was extraordinarily low.

Indian jewelry demand magnified V-day however – as mentioned – against an occasional base in 2016. Compared to the fourth quarter in 2015, 2017’s fourth quarter demand from India was twelve-tone music lower.

From associate degree investment perspective, U.S.A. gold coin and bar purchases were fifty fifth lower year-on-year short whist coin fabrication was some seventy fifth lower – while sales were rock bottom in an exceedingly decade – that GFMS place down partly to the increase in “… enthusiasm for crypto currencies”.

“On balance the prevailing circumstances purpose to a amount of worth consolidation with underwhelming demand within the physical market,” same GFMS.

“While physical shopping for is enough to stay a floor below the worth, top side potential can, as usual, be driven by skilled flows. The setting suggests that the long run risk within the worth lies to the top side.” – David McKay

Where can the new securities industry take gold costs to?

Some of you'll recognize Simon Popple, he's Agora monetary UK’s skilled on all things gold, and runs the popular Gold Speculator investment service.

He has a formidable CV which has a amount as director of 1 of Europe’s largest personal investment corporations. he's additionally the UK’s agent for South Africa Bullion, therefore WHO higher to supply U.S.A. with some perspective on gold’s future for 2018.

Simon, gold costs gained over twenty third in 2016-17, and this has caused some to assert that a multi-year lay securities industry has begun which can result in $10,000 per ounce for gold by the mid-2020s.
What will this securities industry mean for gold and does one believe those predictions?
Whilst I definitely suppose consecutive securities industry has begun, I’ve got no plan wherever it'll take U.S.A.

I’m assured we'll break through the previous high of £1,900 per ounce, however to be honest, no one very is aware of wherever the worth might go.

My purpose is that it doesn't got to go anyplace close to its previous high for investors to form some fantastic returns from the mining stocks.

If you're taking a glance at the bond, equities and realty markets immediately, it’s clear they're at multi-year, in some cases, uncomparable highs. constant can't be same for the miners. they're one among the few quality categories within the doldrums immediately.

You probably got to be a investor to follow them, however with gold costs ticking up, I don’t suppose you’ll be a investor for long!

Do you suppose recent gains can be another bear entice lying in wait?

We all recognize that markets go up and down, with commodities being significantly volatile. therefore to form cash during this market you actually got to do 2 things.

Firstly, don’t commit all of your cash right away. If the market takes to the air, then great, however if it falls back, then you’ve got some a lot of capital to inject at lower costs.

Secondly, don’t commit capital that you’ll got to access within the next twelve – eighteen months. as a result of if you would like to pay it, you'll end up liquidating at the worst potential moment.

There also are rumblings of a good economic meltdown on the horizon, is gold still a secure haven for storing wealth in times of economic stress?

Historically, gold has been a secure haven and that i would hope that will be the case within the future.

But we have a tendency to don’t structure the rules

Compared to alternative assets there are 2 terribly distinctive options of gold.

Firstly, throughout the globe gold has been used as a store of import for thousands of years.

Secondly, it’s tangible, in contrast to crypto currencies that need a laptop to trade. i favor tangible stuff!

If the wheels fall off the world economy i feel these 2 attributes are very important.

Russia, China, Asian country and Turkey are shopping for gold in immense quantities, does one see a reason for this?

I think they recognize the inherent worth of gold. easy as that.

If there’s another meltdown, then having a minimum of a part of your currency backed by one thing individuals perceive (and attribute worth to) makes excellent sense.
Fiat money may be written. Gold can’t.

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In a Stock Market Crash – Gold the Only Asset to Turn to

The stock market index suffered its biggest one-day drop since August on Tuesday, falling 363 points. The Dow has lost 540 points in 2 days, the most important decline since Gregorian calendar month 2016.

According to analysts quoted by CNN, concern of a tanking bond market is one amongst the most factors behind the stock exchange dip.

CNBC had an identical take, occupation the sales event “a ill temper over rising interest rates.” Leuthold cluster chief investment contriver James Paulsen told CNBC high valuations have created the market vulnerable. Rising interest rates adds pressure as a result of investors currently have alternatives within the higher-yielding bond market.

Bond yields are reciprocally correlate with bond costs. As interest rates rise, bond costs fall. Ten-year bond yields hit their highest level since July 2014 last week. Peter Schiff talked regarding the bond yields in his podcast, locution he thinks they may pretty quickly climb to 4 wheel drive within the near-future.

That doesn’t omen well considering the present market surroundings. Investors and analysts don’t appear too involved regarding the present stock sell-off, typically categorizing it as a necessary market correction. Remarks to CNBC by a technical analyst at Ari Wald were typical. He known as the dip a “run of the mill, transient pullback that’s restricted to three to five p.c.” still, may the present volatility be a canary within the coal mine?

On Tuesday, the CBOE Volatility Index (VIX), usually named because the “fear gauge,” peaked at 15.42. It climbed nearly 5 points over a five-day amount and hit its highest level since this fall 2016.

So, once you have this sort of stock exchange volatility, wherever does one need to hide?
Gold.

CNBC did associate degree analysis of exchange-traded funds to work out which of them did best once the VIX exaggerated 5 points inside a five-day amount.

 This has occurred 59 times within the last decade. It found that gold and bonds were the most effective performers.

Bonds fared even higher within the CNBC analysis. however as Peter aforementioned when Treasury Secretary Mnuchin talked up a weak greenback nearly as good for America, bonds might not be the place to be straight away.

Peter aforementioned the important impact of a weakening greenback would be felt within the bond market, that is already showing signs of bother. Peter aforementioned terribly fact that the greenback and bond costs are falling along may be a very, terribly dangerous sign that everyone is ignoring. The bond yields aren’t high enough to offset the losses within the interchange.

So, whether or not the recent call in the stock exchange is that the begin of air beginning of the large, fat, ugly bubble, or simply a prelude of things to return, now's a decent time to think about shopping for gold.

Hedge Your Bitcoin Position With Gold

The price of Bitcoin fell below $10,000 on. It rallied another time and pushed back on top of that key level, however turmoil continues to plague the planet of cryptocurrencies.

We’ve been advising a heterogeneous approach to crypto finance. Recently, Franco-Nevada president and chief executive officer created an identical recommendation.

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Economic Survey 2018 hints at stock market bubble

Chief economic adviser (CEA) Arvind Subramanian has hinted at a bubble quite scenario within the stock exchange and concerned heightened vigilance.

Speaking to media once presenting the Economic Survey Report, the CEA aforesaid, "We have seen round the world that once quality costs go up significantly, they forever tend to return back so we've got to be watchful. the upper the costs go, i believe our vigilance ought to increase correspondingly."

The economic survey report re-iterates this concern. The report notes that markets expect rise, triggering the run-up available costs. However, it warns of the risks that the economy faces and so, asks for sweat caution.

Explaining the run-up available costs, the survey report says that expectations of earnings growth are a lot of higher in Bharat.

"Indeed, it had been such expectations that lie at the origin of the stock exchange boom. In early 2016-17, signs emerged that the long slide within the company profits/GDP magnitude relation may finally be coming back to an finish.

Investors reacted to the present news with liveliness, bidding up share costs in anticipation of a recovery they hoped lay simply ahead. consequently, the magnitude relation of costs to current earnings rose sharply."

The CEA any explained that attributable to steps taken by government against illicit wealth over the past few years-exemplified by demonetization-has in result obligatory a tax on bound activities, specifically the holding of money, property, or gold. "This has resulted in reallocation of portfolio towards equities, pushing the stock exchange."

The report additionally points to anomaly between the United States of America and also the Indian stock markets, that have traversed an equivalent path despite contrastive macro-economic things within the 2 countries.

It points out the stock exchange surge in Bharat has coincided with a slowing in economic process, whereas United States of America growth has accelerated, India's current company earnings/GDP magnitude relation has been slippy since the world monetary Crisis, falling to merely 3.5 per cent whereas profits within the United States of America have remained a healthy 9 per cent value.

It additionally says that over the amount of the stock exchange boom, whereas the United States of America real rates have averaged -1.0 per cent, in Bharat the important rates are 2.2 per cent.

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Commodity Seasonality To Look Forward To In 2018

The end of the heating season.
Planting, growing, and harvest in grains begins presently.
The cooking season for meats.
The driving season for gasolene.

Lots of value action ahead with the greenback weak and economic strength.

In the world of commodities, seasonality may be a crucial conception for market participants to know and it can give market participants several opportunities. whereas offer and demand fundamentals and technical factors drive costs, seasonal trends typically develop weeks or months before times of peak or weak demand arrive. the worth action in futures markets appearance forward to the primary and second contracts within the forward curve. Term structure typically reflects those seasonal factors that drive the trail of exertion for costs.

Each year is usually a replacement journey once it involves staple markets. The strength or weakness of the economy may be a vital issue once it involves demand. The currency markets conjointly play a job in value direction because the greenback is that the reserve currency of the globe and therefore the benchmark valuation mechanism for many commodities.

At a similar time, atmospheric condition conjointly play a section in driving demand. As can we'll move from winter to spring in precisely some short weeks futures markets will shift focus to the time of the year once the snow melts, birds begin to chirp once more, and folks within the hemisphere shed their winter coats.

Pitchers and catchers report for preseason in a very matter of weeks in American state and Arizona and now could be the time to start taking note to seasonal shifts on the demand facet of the basic equation in staple markets. With the world economy booming and therefore the greenback at its lowest level since 2014, most commodities are going into spring with strength. Even people who tend to peak throughout winter months are near recent highs and will still perform well within the weeks and months ahead.

The end of the heating season

Futures markets are currently trying towards the tip of heating season. The markets for  natural gas and heating oil are at or close to highs.

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Economy’s growth, earnings key to sustain stock market boom: Economic Survey

The Economic Survey 2018-19, that anticipated India’s economic process at 7.0-7.5% for successive commercial enterprise, analyzed the boom in Indian equity markets and entailed higher company earnings and economic process to sustain the market’s upward mechanical phenomenon.

The Economic Survey was bestowed by the minister of finance Arun Jaitley in each homes of Parliament on the primary day of the Budget session on weekday.

A section of the report player parallels with an identical move within the USA equities and sure key economic indicators. India’s Sensex – a gauge of high thirty stocks on the bovine spongiform encephalitis – has up 46 and 52, severally, in rupee and dollar terms since December 2015. USA S&P 500 index has up 45th within the same amount.

While the boom available market has brought the price-to-earnings (P/E) ratios of India and USA markets at par, the survey highlighted the state of economic process, company earnings and key interest rates as 3 key differentiating factors between the 2 markets.

“The securities market surge in India has coincided with a fastness in economic process whereas USA growth has accelerated,” aforesaid the report adding that India’s company earnings to value magnitude relation that presently stands at 3.5% has declined since the 2008 monetary crisis and real interest rates in India area unit close to historic high levels.

In distinction, US’ company earnings to value magnitude relation was at September 11, and will shoot higher with the legislated tax cuts within the USA, besides critically low interest rates, the Survey determined.

Liquidity-driven boom

The Survey tends to focus on that India’s boom is driven by liquidity, particularly with the investment trust cash flowing into stocks.

“First, expectations of earnings growth area unit abundant higher in India (at the origin of the boom in 2016-17). however by 2017-18 signs began to accumulate that the profit recovery wasn't clearly round the corner.

 At that time, second issue gave the market any impetus – demonetization,” the Survey aforesaid.
“The attack on illicit wealth helped to level the taking part in field… This caused investors to re-evaluate the attractiveness of stocks. Investors have consequently reallocated their portfolios toward shares, with inflows through stock mutual funds, specifically, amounting in 2016-17 to 5 times their previous year’s level,” the Survey else.

To be sure, mutual funds bought Indian equities value a record Rs 1.13 large integer large integer throughout the amount between Jan and December 2017, Bloomberg information showed.

Accordingly the equity risk premium (ERP) – the additional come needed on shares compared with alternative assets – has fallen and pushed the P/E higher, reflective the large portfolio re-allocation by savers towards equity and therefore the lack of interest in alternative assets like assets and gold.

“(However) sustaining these valuations would require future growth within the economy and earnings in line with current expectations, and need the portfolio re-allocation to be semi-permanent.

Otherwise, the chance of a correction in them can not be dominated out,” the Survey aforesaid, final that the increase in India securities market differed from that in developed economies.

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