will government's massive surge in investment ... - Myiris.com
will government's massive surge in investment ... - Myiris.com
will government's massive surge in investment ... - Myiris.com
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Apr-Jun 2013 Earn<strong>in</strong>gs Preview<br />
Wheat prices down 3% QoQ; outlook benign<br />
(Rs / Qu<strong>in</strong>tal)<br />
1,800<br />
1,700<br />
1,600<br />
1,500<br />
1,400<br />
1,300<br />
1,200<br />
1,100<br />
1,000<br />
1,183<br />
1,219<br />
1,342<br />
1,465<br />
1,572<br />
Nov-10<br />
Dec-10<br />
Jan-11<br />
Feb-11<br />
Mar-11<br />
Apr-11<br />
May-11<br />
Jun-11<br />
Jul-11<br />
Aug-11<br />
Sep-11<br />
Oct-11<br />
Nov-11<br />
Dec-11<br />
Jan-12<br />
Feb-12<br />
Mar-12<br />
Apr-12<br />
May-12<br />
Jun-12<br />
Jul-12<br />
Aug-12<br />
Sep-12<br />
Oct-12<br />
Nov-12<br />
Dec-12<br />
Jan-13<br />
Feb-13<br />
Mar-13<br />
Apr-13<br />
May-13<br />
Jun-13<br />
Source: Bloomberg, PL Research<br />
PFAD prices have <strong>in</strong>creased by 13% QoQ,<br />
ga<strong>in</strong>s to start peter<strong>in</strong>g out <strong>in</strong> 3/6 months<br />
PFAD prices down 35% YoY, up 13% QoQ, HUL to benefit<br />
(%)<br />
80.0<br />
60.0<br />
40.0<br />
20.0<br />
0.0<br />
60.6<br />
40.8<br />
40.0<br />
3.8<br />
11.8<br />
-23.5<br />
20.2<br />
7.5<br />
YoY QoQ<br />
56.2<br />
0.9<br />
18.2<br />
26.6<br />
22.1<br />
-16.0<br />
-13.5<br />
-16.3<br />
-27.5<br />
-18.5<br />
-35.0<br />
13.3<br />
-20.0<br />
-5.6<br />
-2.9<br />
-40.0<br />
Dec-10<br />
Mar-11<br />
Jun-11<br />
Sep-11<br />
Dec-11<br />
Mar-12<br />
Jun-12<br />
Sep-12<br />
Dec-12<br />
Mar-13<br />
Jun-13<br />
Source: Bloomberg, PL Research<br />
Sugar prices rema<strong>in</strong> benign, trend likely to<br />
Sugar prices rema<strong>in</strong> benign; down 17% from 2012 highs and 2.5% QoQ<br />
susta<strong>in</strong> as global prices are at a 36‐month<br />
low<br />
4,100<br />
3,900<br />
3,820<br />
3,700<br />
3,500<br />
3,300<br />
3,100<br />
2,900<br />
2,913<br />
3,010<br />
3,245<br />
3,220<br />
2,700<br />
2,500<br />
Jun-10<br />
Aug-10<br />
Oct-10<br />
Dec-10<br />
Feb-11<br />
Apr-11<br />
Jun-11<br />
Aug-11<br />
Oct-11<br />
Dec-11<br />
Feb-12<br />
Apr-12<br />
Jun-12<br />
Aug-12<br />
Oct-12<br />
Dec-12<br />
Feb-13<br />
Apr-13<br />
Jun-13<br />
Source: Bloomberg, PL Research<br />
July 8, 2013 103
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