ap daily commodities outlook report 2019-05-24 agriculture rep… · daily price monitoring report...

23
Pulses Today’s developments: (No new developments today Recent Developments that are sti (22 May 2019)Pre monsoon r and UP. Rainfall with stormy IMD latest update monsoon ra (20 May,2019)Pulses market quotes in global market. Dem market. Chana in Delhi marke Mumbai traded up by Rs Rs4650.Market fundamental r by Rs 200 this week. At this le (18 May 2019)Pulses price mo election due on 23 rd May-2 barriers and traded above MS pulses tried to touch MSP bu market may stabilize as Govt w (15 May 2019) Tur market co India, declining old stock and market to trade above MSP fi govt would import 1.75 lakh prices moves beyond 6000 le tone remains firm. (14 May 2019) Production o hampered due to lower rainfa stock has been consumed an kharif season may distort mar (13 May 2019)In case of tur i would be examined on 11 th Ju this notification bulls started There is good demand from d At Mumbai port Tur lemon w Mumbai and Karnataka while correction in cash market. Ho ( 12 May 2019)Urad market m supply from MP for northern Even in Myanmar there is no too has helped to push up qu there is no scope for import. bulk users has started improv Daily P 24 th Ma y) ill Influencing Markets: rainfall is expected in eastern parts of India includin wind may affect standing crop of moong as harve rainfall is expected to hit Kerala by 8 th June, delayed t continued to trade firm taking clue from firm fu mand for dal and fresh buying by mills have lent et traded Rs100 up to Rs 4775-4800 in Delhi while A 100 to Rs4650-4700.kabuli Sudan at Mumbai remains supportive to cash chana market and it ma evel one good correction is expected. ovement would depend on monsoon progress and r 2019.Pulses traded firm during last two weeks an SP(Rs 5675) in various markets. It is still ruling up. H ut could not touch its MSP level.If sitting govt. is el would not allow market to cross beyond a certain le ontinued to trade firm and may move up further. L d lower availability of Tur sourced from African coun irst time after 2.5 years. Import has been restricted MT. Besides, there is a scope of more import thr evel.in Gulberga market tur is being traded at Rs of rabi pulses in last season has been lower an all in kharif season, it may fuel pulses price. Most p nd supply-demand side is almost balanced right n rket. Now market is awaiting monsoon rainfall. import DGFT has received more than 6000 applicat une-2019. So it was clear that import is not possible driving market up and tur moved up by Rs250-35 dal millers. Tur lemon in Mumbai was traded at Rs5 was quoted at $745 and old at $700 per MT. There i e arrival is continuously decreasing. Agriwatch exp owever, overall tone remains bullish. may move up further by 150 to 200 from current le n India right now. Price in MP is higher and there i ot much stock of small and bold urad. Current dem uotes in Myanmar. Right now import parity is high So uptrend may continue in the short to medium te ving now. Price Monitoring Report ay 2019 g Bihar, Jharkhand esting is on. As per by almost a week. utures and higher support to pulses Australian chana in i was offered at ay move further up result of LokSabha nd tur crossed all However, all other lected once again, evel. Lower crop size in ntries have helped at 2lakh MT while rough G2G basis if 5550-5750.Overall nd if planting gets parts of excess old now. But one bad tions for import. It e before July. After 50 in a week time. 5450-5500 per qtl. is good demand in pects a downward evel as there is no is not much stock. mand from Pakistan her. In near future erm. Demand from

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Page 1: AP Daily Commodities Outlook Report 2019-05-24 Agriculture Rep… · Daily Price Monitoring Report 24 th May 2019 th June, delayed by almost a week. p to Rs 4775-4800 in Delhi while

Pulses

Today’s developments:

(No new developments today)

Recent Developments that are still Influencing Markets:

• (22 May 2019)Pre monsoon rainfall is expected in eastern parts of India including Bihar, Jharkhand

and UP. Rainfall with stormy wind may affect standing crop of moong as harvesting is on. As per

IMD latest update monsoon rainfall is expected to hit Kerala by 8

• (20 May,2019)Pulses market continued to trade firm taking clue from firm futures and higher

quotes in global market. Demand for dal and fresh buying by mills have lent support to pulses

market. Chana in Delhi market traded Rs100 u

Mumbai traded up by Rs 100 to Rs4650

Rs4650.Market fundamental remains supportive to cash chana market and it may move further up

by Rs 200 this week. At this level one good correction is expected.

• (18 May 2019)Pulses price movement would depend on monsoon progress and result of LokSabha

election due on 23 rd May-2019.Pulses traded firm during last two weeks and tur crossed all

barriers and traded above MSP(Rs

pulses tried to touch MSP but could not touch its MSP level.If sitting govt. is elected once again,

market may stabilize as Govt would not allow market to cross beyond a certain level.

• (15 May 2019) Tur market continued to trade firm and may move up further. Lower crop size in

India, declining old stock and lower availability of Tur sourced from African countries have helped

market to trade above MSP first time after 2.5 years. Import has

govt would import 1.75 lakh MT. Besides, there is a scope of more import through G2G basis if

prices moves beyond 6000 level.in Gulberga market tur is being traded at Rs5550

tone remains firm.

• (14 May 2019) Production of rabi pulses in last season has been lower and if planting gets

hampered due to lower rainfall in kharif season, it may fuel pulses price. Most parts of excess old

stock has been consumed and supply

kharif season may distort market. Now market is awaiting monsoon rainfall.

• (13 May 2019)In case of tur import DGFT has received more than 6000 applications for import. It

would be examined on 11th June

this notification bulls started driving market up and tur moved up by Rs250

There is good demand from dal millers. Tur lemon in Mumbai was traded at Rs5450

At Mumbai port Tur lemon was quoted at $745 and old at $700 per MT. There is good demand in

Mumbai and Karnataka while arrival is continuously decreasing. Agriwatch expects a downward

correction in cash market. However, overall tone remains bullis

• ( 12 May 2019)Urad market may move up further by 150 to 200 from current level as there is no

supply from MP for northern India right now. Price in MP is higher and there is not much stock.

Even in Myanmar there is not much stock of small and bold urad.

too has helped to push up quotes in Myanmar. Right now import parity is higher. In near future

there is no scope for import. So uptrend may continue in the short to medium term. Demand from

bulk users has started improving no

Daily Price Monitoring Report

24th May 2019

(No new developments today)

Recent Developments that are still Influencing Markets:

Pre monsoon rainfall is expected in eastern parts of India including Bihar, Jharkhand

and UP. Rainfall with stormy wind may affect standing crop of moong as harvesting is on. As per

IMD latest update monsoon rainfall is expected to hit Kerala by 8th June, delayed by almost a week.

Pulses market continued to trade firm taking clue from firm futures and higher

quotes in global market. Demand for dal and fresh buying by mills have lent support to pulses

market. Chana in Delhi market traded Rs100 up to Rs 4775-4800 in Delhi while Australian chana in

Mumbai traded up by Rs 100 to Rs4650-4700.kabuli Sudan at Mumbai was offered at

Rs4650.Market fundamental remains supportive to cash chana market and it may move further up

evel one good correction is expected.

Pulses price movement would depend on monsoon progress and result of LokSabha

2019.Pulses traded firm during last two weeks and tur crossed all

barriers and traded above MSP(Rs 5675) in various markets. It is still ruling up. However, all other

pulses tried to touch MSP but could not touch its MSP level.If sitting govt. is elected once again,

market may stabilize as Govt would not allow market to cross beyond a certain level.

Tur market continued to trade firm and may move up further. Lower crop size in

India, declining old stock and lower availability of Tur sourced from African countries have helped

market to trade above MSP first time after 2.5 years. Import has been restricted at 2lakh MT while

govt would import 1.75 lakh MT. Besides, there is a scope of more import through G2G basis if

prices moves beyond 6000 level.in Gulberga market tur is being traded at Rs5550

of rabi pulses in last season has been lower and if planting gets

hampered due to lower rainfall in kharif season, it may fuel pulses price. Most parts of excess old

stock has been consumed and supply-demand side is almost balanced right now. But

kharif season may distort market. Now market is awaiting monsoon rainfall.

import DGFT has received more than 6000 applications for import. It

June-2019. So it was clear that import is not possible before July. After

this notification bulls started driving market up and tur moved up by Rs250-350 in a week time.

There is good demand from dal millers. Tur lemon in Mumbai was traded at Rs5450

At Mumbai port Tur lemon was quoted at $745 and old at $700 per MT. There is good demand in

Mumbai and Karnataka while arrival is continuously decreasing. Agriwatch expects a downward

correction in cash market. However, overall tone remains bullish.

)Urad market may move up further by 150 to 200 from current level as there is no

supply from MP for northern India right now. Price in MP is higher and there is not much stock.

Even in Myanmar there is not much stock of small and bold urad. Current demand from Pakistan

too has helped to push up quotes in Myanmar. Right now import parity is higher. In near future

there is no scope for import. So uptrend may continue in the short to medium term. Demand from

bulk users has started improving now.

Price Monitoring Report

May 2019

Pre monsoon rainfall is expected in eastern parts of India including Bihar, Jharkhand

and UP. Rainfall with stormy wind may affect standing crop of moong as harvesting is on. As per

delayed by almost a week.

Pulses market continued to trade firm taking clue from firm futures and higher

quotes in global market. Demand for dal and fresh buying by mills have lent support to pulses

4800 in Delhi while Australian chana in

4700.kabuli Sudan at Mumbai was offered at

Rs4650.Market fundamental remains supportive to cash chana market and it may move further up

Pulses price movement would depend on monsoon progress and result of LokSabha

2019.Pulses traded firm during last two weeks and tur crossed all

5675) in various markets. It is still ruling up. However, all other

pulses tried to touch MSP but could not touch its MSP level.If sitting govt. is elected once again,

market may stabilize as Govt would not allow market to cross beyond a certain level.

Tur market continued to trade firm and may move up further. Lower crop size in

India, declining old stock and lower availability of Tur sourced from African countries have helped

been restricted at 2lakh MT while

govt would import 1.75 lakh MT. Besides, there is a scope of more import through G2G basis if

prices moves beyond 6000 level.in Gulberga market tur is being traded at Rs5550-5750.Overall

of rabi pulses in last season has been lower and if planting gets

hampered due to lower rainfall in kharif season, it may fuel pulses price. Most parts of excess old

demand side is almost balanced right now. But one bad

import DGFT has received more than 6000 applications for import. It

2019. So it was clear that import is not possible before July. After

350 in a week time.

There is good demand from dal millers. Tur lemon in Mumbai was traded at Rs5450-5500 per qtl.

At Mumbai port Tur lemon was quoted at $745 and old at $700 per MT. There is good demand in

Mumbai and Karnataka while arrival is continuously decreasing. Agriwatch expects a downward

)Urad market may move up further by 150 to 200 from current level as there is no

supply from MP for northern India right now. Price in MP is higher and there is not much stock.

Current demand from Pakistan

too has helped to push up quotes in Myanmar. Right now import parity is higher. In near future

there is no scope for import. So uptrend may continue in the short to medium term. Demand from

Page 2: AP Daily Commodities Outlook Report 2019-05-24 Agriculture Rep… · Daily Price Monitoring Report 24 th May 2019 th June, delayed by almost a week. p to Rs 4775-4800 in Delhi while

• (09 May 2019)DGFT has received 6491 application for pulses import. Out of all applications around

3000 to 3500 application holders seems to import pulses in higher quantity as they have deposited

the amount of Rs 1 lakh. If all applications are accepted, import would not be beneficial. Right now

there is no parity for import except peas. It would be interesting to see how the DGFT allocates

quantity for applicants.

● (08 May 2019) Procurement agencies have procured

2019.Out of total procurement Madhya Pradesh has contributed 165013.46 MT. Rajasthan has

contributed 44138.57 MT. Total procurement in Telangana has been registered34500 MT so far.

Maharashtra, Gujarat and AP have con

Procurement in UP and Karnataka is yet to begin.

● (06 May 2019)Nafed has procured 2.70 lakh MT tur,1.61 lakh MT chana,4 thousand MT masur and

5 thousand MT moong and 6700MT urad on MSP so far.It has

Karnataka,70 thousand tonne in Telangana5

5000 Mt in AP. Madhya Pradesh and Tamil Nadu have contributed 1800 and 400 MT respectively as

on 1st May 2019.Tamil Nadu and Andhra Pra

● (02 May 2019) Chana may continue to trade range bound this week as millers are unwilling to buy

for stock purpose. In Delhi market chana is being traded at Rs 4350

eased supply side may restrict chana to move up further in the short term. There is some hope

from Ramdan’s demand and improved pace of procurement. However, it may not push up price

beyond MSP level in any case in the near term. There is plenty of old stock with Nafed. If Nafed

holds 10 lakh MT as buffer stock, there would be still marketable surplus of 7 lakh MT. It would cap

uptrend. Chana cash market would move up beyond MSP, but not before June.

● (26Apr 2019)Tur import quota for private trade has been fixed at 2 lakh MT. In

govt. would import 1.75 lakh MT tur from African countries this year, starting from 1

2019.This means total import would be around 3.75 lakh MT this year. Despite import, lower crop

size this year may push tur cash market up toward

is one and a half month away from now and forward deals have been struck at $ 700

hints market to move up.

● (20 Apr2019) IMD has forecast normal monsoon this year and with this forecast prospect

better kharif crop have improved. Even Australian weather department has changed its forecast

regarding El-Nino impact now. As per the latest update duration for El

shorter period. It shows that IMD forecast may come true. G

likely spike in food grains market.

Daily Price Monitoring Report

24th May 2019

DGFT has received 6491 application for pulses import. Out of all applications around

3000 to 3500 application holders seems to import pulses in higher quantity as they have deposited

1 lakh. If all applications are accepted, import would not be beneficial. Right now

there is no parity for import except peas. It would be interesting to see how the DGFT allocates

Procurement agencies have procured total 261953.94 MT chana till 7

2019.Out of total procurement Madhya Pradesh has contributed 165013.46 MT. Rajasthan has

contributed 44138.57 MT. Total procurement in Telangana has been registered34500 MT so far.

Maharashtra, Gujarat and AP have contributed 9298.37, 8674.44 & 329.10MT respectively so far.

Procurement in UP and Karnataka is yet to begin.

Nafed has procured 2.70 lakh MT tur,1.61 lakh MT chana,4 thousand MT masur and

5 thousand MT moong and 6700MT urad on MSP so far.It has procured 1.11lakh tonne tur in

Karnataka,70 thousand tonne in Telangana53000 MT in Maharashtra,30,000 MT

5000 Mt in AP. Madhya Pradesh and Tamil Nadu have contributed 1800 and 400 MT respectively as

on 1st May 2019.Tamil Nadu and Andhra Pradesh have procured2500 MT moong each so far.

may continue to trade range bound this week as millers are unwilling to buy

for stock purpose. In Delhi market chana is being traded at Rs 4350-4400. Weak demand amid

estrict chana to move up further in the short term. There is some hope

from Ramdan’s demand and improved pace of procurement. However, it may not push up price

beyond MSP level in any case in the near term. There is plenty of old stock with Nafed. If Nafed

holds 10 lakh MT as buffer stock, there would be still marketable surplus of 7 lakh MT. It would cap

uptrend. Chana cash market would move up beyond MSP, but not before June.

Tur import quota for private trade has been fixed at 2 lakh MT. In

govt. would import 1.75 lakh MT tur from African countries this year, starting from 1

2019.This means total import would be around 3.75 lakh MT this year. Despite import, lower crop

size this year may push tur cash market up towards MSP level in the medium term. Crop in Burma

is one and a half month away from now and forward deals have been struck at $ 700

IMD has forecast normal monsoon this year and with this forecast prospect

better kharif crop have improved. Even Australian weather department has changed its forecast

Nino impact now. As per the latest update duration for El-Nino impact would be for a

shorter period. It shows that IMD forecast may come true. Good kharif crop prospects may cap any

likely spike in food grains market.

Price Monitoring Report

May 2019

DGFT has received 6491 application for pulses import. Out of all applications around

3000 to 3500 application holders seems to import pulses in higher quantity as they have deposited

1 lakh. If all applications are accepted, import would not be beneficial. Right now

there is no parity for import except peas. It would be interesting to see how the DGFT allocates

total 261953.94 MT chana till 7th May-

2019.Out of total procurement Madhya Pradesh has contributed 165013.46 MT. Rajasthan has

contributed 44138.57 MT. Total procurement in Telangana has been registered34500 MT so far.

tributed 9298.37, 8674.44 & 329.10MT respectively so far.

Nafed has procured 2.70 lakh MT tur,1.61 lakh MT chana,4 thousand MT masur and

procured 1.11lakh tonne tur in

3000 MT in Maharashtra,30,000 MT in Gujarat and

5000 Mt in AP. Madhya Pradesh and Tamil Nadu have contributed 1800 and 400 MT respectively as

desh have procured2500 MT moong each so far.

may continue to trade range bound this week as millers are unwilling to buy

4400. Weak demand amid

estrict chana to move up further in the short term. There is some hope

from Ramdan’s demand and improved pace of procurement. However, it may not push up price

beyond MSP level in any case in the near term. There is plenty of old stock with Nafed. If Nafed

holds 10 lakh MT as buffer stock, there would be still marketable surplus of 7 lakh MT. It would cap

Tur import quota for private trade has been fixed at 2 lakh MT. In addition to this

govt. would import 1.75 lakh MT tur from African countries this year, starting from 1st April-

2019.This means total import would be around 3.75 lakh MT this year. Despite import, lower crop

s MSP level in the medium term. Crop in Burma

is one and a half month away from now and forward deals have been struck at $ 700-710 per MT. It

IMD has forecast normal monsoon this year and with this forecast prospect for

better kharif crop have improved. Even Australian weather department has changed its forecast

Nino impact would be for a

ood kharif crop prospects may cap any

Page 3: AP Daily Commodities Outlook Report 2019-05-24 Agriculture Rep… · Daily Price Monitoring Report 24 th May 2019 th June, delayed by almost a week. p to Rs 4775-4800 in Delhi while

Price & Arrival:

State/District Market

Modal Price (Rs/Qtl)

Andhra Pradesh Guntur(Gota

Branded)

Andhra Pradesh Vijaywada

Tamil Nadu Villupuram

Tamil Nadu Chennai

State/District Market

Modal Price (Rs/Qtl)

Andhra Pradesh Yemmiganur

Andhra Pradesh Kurnool

Maharashtra Akola

Andhra Pradesh Vijayawada

State/District Market

Modal Price (Rs/Qtl)

Rajasthan Jodhpur

Karnataka Gulbarga

Madhya Pradesh Harda

Andhra Pradesh Vijayawada

State/District Market

Modal Price (Rs/Qtl)

Andhra Pradesh Kurnool

Andhra Pradesh Yemmiganur

Madhya Pradesh Indore

Rajasthan Bikaner

Daily Price Monitoring Report

24th May 2019

Urad

Modal Price (Rs/Qtl)

Chang

e

Arrivals (Qtl)

Chang23 May

2019

22 May

2019

23

May

2019

22

May

2019

8450 8400 50 NA NA

6200 6200 Unch 700 800 -

NA NA - NA NA

5100 5150 -50 NA NA

Tur

Modal Price (Rs/Qtl)

Chang

e

Arrivals (Qtl)

Chang23 May

2019

22 May

2019

23

May

2019

22

May

2019

NA NA - NA NA

5650 5691 -41 11 15

6000 6000 Unch 135 142

5910 5900 10 NA NA

Moong

Modal Price (Rs/Qtl)

Chang

e

Arrivals (Qtl)

Chang23 May

2019

22 May

2019

23

May

2019

22

May

2019

5950 6000 -50 45 40

NA NA - NA NA

NA NA - NA NA

6250 6200 50 110 100

Chana

Modal Price (Rs/Qtl)

Chang

e

Arrivals (Qtl)

Chang23 May

2019

22 May

2019

23

May

2019

22

May

2019

4375 4380 -5 10 5

NA NA - NA NA

4600 4700 -100 1000 1300 -

4375 4408 -33 30 25

Price Monitoring Report

May 2019

Chang

e Source

- Agriwatch

-100 Agriwatch

- Agmarkne

t

- Agriwatch

Chang

e Source

- eNAM

-4 eNAM

-7 eNAM

- Agriwatch

Chang

e Source

5 eNAM

- Agmarkne

t

- Agmarkne

t

10 Agriwatch

Chang

e Source

5 eNAM

- eNAM

-300 Agriwatch

5 eNAM

Page 4: AP Daily Commodities Outlook Report 2019-05-24 Agriculture Rep… · Daily Price Monitoring Report 24 th May 2019 th June, delayed by almost a week. p to Rs 4775-4800 in Delhi while

Chana at NCDEX

Contract Open High

19-May 4664 4664

19-Jun 4713 4713

19-Jul 4765 4765

As on 23 May - 2019 at 6pm

Daily Price Monitoring Report

24th May 2019

High Low Close Change Volume

4664 4605 4639 -5 47330

4713 4645 4687 -6 15090

4765 4714 4731 -43 870

2019 at 6pm

Price Monitoring Report

May 2019

Volume O.Int

47330 123700

15090 62030

870 2540

Rs/Quintal

Page 5: AP Daily Commodities Outlook Report 2019-05-24 Agriculture Rep… · Daily Price Monitoring Report 24 th May 2019 th June, delayed by almost a week. p to Rs 4775-4800 in Delhi while

Groundnut

Current Developments:

• No significant updates today.

Recent Developments that are still Influencing Markets:• (23.05.2019)As on 21stMay 2019,

respectively in India. It has disposed total 8.8

balance at 1.37 lakh tonnes so far in Gujarat market only. Additionally, Nafed has sold total

lakh tonnes of groundnut K-18 and holds remaining balance

• (30.04.2019)As per APEDA data, groundnut shipment reported lower by 3.13% to 488233 MT

during April-March 2019 amounting total Rs. 3296 crores as compared to

during the same period of time. However, the s

386594 MT in April to February 2019.

• As on 21stMay 2019,Nafed sold total groundnut K

in India. It has disposed total 8.8

1.37 lakh tonnes so far in Gujarat market only. Additionally, Nafed has sold total

of groundnut K-18 and holds remaining balance at 5.

• (23.04.2019)As per sources, National Agriculture Bank for Rural Development & Department of

Agriculture, Human Natural Resources Development Society (HANDS), an NGO and

theMana Vittanam Kendras (formed by farmers) have planned and moving forward to produce

‘foundation seed’ for the groundnut farmers in the district under the ‘Community Managed Seed

System (CMSS)’ scheme so that groundnut farmers can get good quality of seeds. There was a load

of complaints by farmers that the quality of seed is poor as supplied earlier

Foundation seed will help farmers to produce their own groundnut seed for Rabi and Kharif

season.

• (07.03.2019)In the second advanced estimates, ministry expects lower Indian groundnut crop

(Kharif and Rabi) at 69.70 lakh tonnes for 2018/

Kharif groundnut crop size during 2018

17.74% than the production of 66.15 million tonnes in

rainfall at initial stage of crop and lower acreage are the main reason to cut output of Groundnut.

• (22.02.2019) We expects AP groundnut crop size at 4.21 lakh metri

lower from previous year crop size i.e. 5.48 lakh metric

sowing area for this season.

• (15.02.2019) As per recent ministry report, total

down at 4.81 Lakh hac. in this year as compared to 6.27 lakh hac. in previous year. In AP, it is

recorded at 0.58 lakh hac. in this year

• (18.01.2019)-In the second advanced estimates AP has downward revised the Kharif production

estimate of GN to 3.29 lakh tons as against 4.05 lakh tons in 1

groundnut production is estimated at 1.49 lakh tons.

Daily Price Monitoring Report

24th May 2019

No significant updates today. Recent Developments that are still Influencing Markets:

May 2019,Nafed sold total groundnut K-17 & K-18 at 650

respectively in India. It has disposed total 8.80 lakh tonnes of groundnut K-17 and holds remaining

lakh tonnes so far in Gujarat market only. Additionally, Nafed has sold total

18 and holds remaining balance at 5.01 lakh tonnes so far

As per APEDA data, groundnut shipment reported lower by 3.13% to 488233 MT

March 2019 amounting total Rs. 3296 crores as compared to 504038 MT

during the same period of time. However, the shipment is higher by 26.290% as compared to

386594 MT in April to February 2019.

Nafed sold total groundnut K-17 & K-18 at 650 MT and 2770

in India. It has disposed total 8.80 lakh tonnes of groundnut K-17 and holds remai

lakh tonnes so far in Gujarat market only. Additionally, Nafed has sold total

18 and holds remaining balance at 5.01 lakh tonnes so far.

As per sources, National Agriculture Bank for Rural Development & Department of

Human Natural Resources Development Society (HANDS), an NGO and

(formed by farmers) have planned and moving forward to produce

seed’ for the groundnut farmers in the district under the ‘Community Managed Seed

System (CMSS)’ scheme so that groundnut farmers can get good quality of seeds. There was a load

of complaints by farmers that the quality of seed is poor as supplied earlier

Foundation seed will help farmers to produce their own groundnut seed for Rabi and Kharif

In the second advanced estimates, ministry expects lower Indian groundnut crop

(Kharif and Rabi) at 69.70 lakh tonnes for 2018/19 season against 82.17 lakh tonnes in 2017/18.

during 2018-19 is estimated at 54.41 lakh tonnes which is lower by

17.74% than the production of 66.15 million tonnes in 2nd Advance Estimates of 2017

tage of crop and lower acreage are the main reason to cut output of Groundnut.

) We expects AP groundnut crop size at 4.21 lakh metric tonnes for 2018/19 season

from previous year crop size i.e. 5.48 lakh metric tonnes as farmers covered

As per recent ministry report, total Rabi groundnut area in India has been reported

down at 4.81 Lakh hac. in this year as compared to 6.27 lakh hac. in previous year. In AP, it is

c. in this year lower than 0.85 lakh hac. in the previous year.

In the second advanced estimates AP has downward revised the Kharif production

estimate of GN to 3.29 lakh tons as against 4.05 lakh tons in 1stAdvanced estimates. Rabi

groundnut production is estimated at 1.49 lakh tons.

Price Monitoring Report

May 2019

650 MT and 2770 MT

17 and holds remaining

lakh tonnes so far in Gujarat market only. Additionally, Nafed has sold total 2.01

lakh tonnes so far.

As per APEDA data, groundnut shipment reported lower by 3.13% to 488233 MT

504038 MT in last year

hipment is higher by 26.290% as compared to

2770 MT respectively

17 and holds remaining balance at

lakh tonnes so far in Gujarat market only. Additionally, Nafed has sold total 2.01 lakh tonnes

As per sources, National Agriculture Bank for Rural Development & Department of

Human Natural Resources Development Society (HANDS), an NGO and

(formed by farmers) have planned and moving forward to produce

seed’ for the groundnut farmers in the district under the ‘Community Managed Seed

System (CMSS)’ scheme so that groundnut farmers can get good quality of seeds. There was a load

of complaints by farmers that the quality of seed is poor as supplied earlier by government.

Foundation seed will help farmers to produce their own groundnut seed for Rabi and Kharif

In the second advanced estimates, ministry expects lower Indian groundnut crop

19 season against 82.17 lakh tonnes in 2017/18.

19 is estimated at 54.41 lakh tonnes which is lower by

Advance Estimates of 2017-18. Less

tage of crop and lower acreage are the main reason to cut output of Groundnut.

c tonnes for 2018/19 season

tonnes as farmers covered the lower

groundnut area in India has been reported

down at 4.81 Lakh hac. in this year as compared to 6.27 lakh hac. in previous year. In AP, it is

lower than 0.85 lakh hac. in the previous year.

In the second advanced estimates AP has downward revised the Kharif production

Advanced estimates. Rabi

Page 6: AP Daily Commodities Outlook Report 2019-05-24 Agriculture Rep… · Daily Price Monitoring Report 24 th May 2019 th June, delayed by almost a week. p to Rs 4775-4800 in Delhi while

Price & Arrival:

State/District Market Variety

Andhra

Pradesh

Adoni

Dharmavaram

Gooti

Guntakal

Kadapa

Kadiri

Kalyandurg

Kurnool

Madakasira

Penukonda

Piler

Rayachoti

Srikalahasti Other

Tenakallu

Yemmiganur

Gujarat

Bhavnagar

Deesa

Jamnagar

Rajkot

Telangana

Nagarkurnool

Suryapeta

Tandur

Wanaparthy

Town

Daily Price Monitoring Report

24th May 2019

Groundnut

Variety

Modal Price

(Rs/Qtl)

Change

Arrivals (Qtl)

23-

May-

19

22-

May-

19

23-

May-

19

22-

May

19

5989 6003 -14 25 18

Local NA NA NA NA NA

Local NA NA NA NA NA

Local NA NA NA NA NA

Local 4490 5393 -903 28 37

Local NA NA NA NA NA

NA NA NA NA NA

5391 5589 -198 6 11

JL-24 NA NA NA NA NA

Local NA NA NA NA NA

Local NA NA NA NA NA

Local NA NA NA NA NA

Other NA NA NA NA NA

Local NA NA NA NA NA

4189 5500 -1311 1 10

NA NA NA NA NA

NA NA NA NA NA

NA NA NA NA NA

4500 3900 600 28 12

4870 4822 48 4 8

5022 2839 2183 1 2

NA NA NA NA NA

4739 NA NA 4 NA

Price Monitoring Report

May 2019

Arrivals (Qtl)

Change Source

May-

7 NAM

NA Agmarknet

NA Agmarknet

NA Agmarknet

-9 NAM

NA Agmarknet

NA Agmarknet

-5 NAM

NA Agmarknet

NA Agmarknet

NA Agmarknet

NA Agmarknet

NA Agmarknet

NA Agmarknet

-9 NAM

NA NAM

NA NAM

NA NAM

16 NAM

-4 NAM

-1 NAM

NA NAM

NA NAM

Page 7: AP Daily Commodities Outlook Report 2019-05-24 Agriculture Rep… · Daily Price Monitoring Report 24 th May 2019 th June, delayed by almost a week. p to Rs 4775-4800 in Delhi while

Onion

Today’s Development:

• Onion prices are trading firm in Maharashtra and are likely to remain on higher side for coming

months.

Recent Developments that are still influencing the Market:

• (22nd May 2019) - Prices are trading firm in most of the markets

further as lower production estimates in Maharashtra.

• (21st May 2019) - Prices are trading on higher side compared to last year in most of the markets

and are likely to increase further in coming weeks amid lower rabi

• (20th May 2019) - In Lasalgaon, modal prices are trading near Rs 950/ quintal compared to last

year’s Rs 701/ quintal during same time.

• (16th May 2019) - In Maharashtra, Rabi acreage (Rabi+Unhali) is estimated to be 2.88 lakh

hectares compared to last year’s area of 3.39 lakh hectares, down 15% as per our estimates

• (14th May 2019) - Exports are 8.84 lakh tons compared to last year 6.4 lakh tons (During

September to January month). Exports incentives are 10% till 30

which may push the prices further upward.

• (13th May 2019) - Arrivals reported higher in most of the markets because farmers are fetching

good prices compared to previous year during peak harvesting season.

• (6th May 2019) - Onion prices are firm amid higher arrivals in most of the markets which

indicates prices to remain on higher side in coming weeks.

• (6th May 2019) - In Maharashtra,

31.44% higher than last year during same period (Source: Agmarknet). Reason for higher arrivals

in the markets despite lower anticipated production may be better prices compared to last year.

• (6th May 2019) - Prices have started to streng

months because of lower rabi

• (3rd May 2019) - Across the country fresh crop is coming in market from Maharashtra,

Rajasthan, Madhya Pradesh and Gujarat.

• (3rd May 2019) - Prices in comi

lower Rabi acreage in major producing regions.

Price and Arrivals in Major Markets

State Market Modal Wholesale Prices (Rs/Qtl)

23-May-19

Gujarat Ahmedabad 900

Rajkot 625

Karnataka Bangalore 900

Belgaum NA

Madhya Pradesh Indore 700

Maharashtra Lasalgaon 1101

Pune 800

Andhra Pradesh Kurnool NA

Rajasthan Jaipur NA

Telangana Hyderabad 850

Daily Price Monitoring Report

24th May 2019

Onion prices are trading firm in Maharashtra and are likely to remain on higher side for coming

Recent Developments that are still influencing the Market:

Prices are trading firm in most of the markets and are likely to increase

further as lower production estimates in Maharashtra.

Prices are trading on higher side compared to last year in most of the markets

and are likely to increase further in coming weeks amid lower rabi crop estimation this year.

In Lasalgaon, modal prices are trading near Rs 950/ quintal compared to last

year’s Rs 701/ quintal during same time.

In Maharashtra, Rabi acreage (Rabi+Unhali) is estimated to be 2.88 lakh

hectares compared to last year’s area of 3.39 lakh hectares, down 15% as per our estimates

Exports are 8.84 lakh tons compared to last year 6.4 lakh tons (During

September to January month). Exports incentives are 10% till 30th June 2019 under MEIS scheme

which may push the prices further upward.

Arrivals reported higher in most of the markets because farmers are fetching

good prices compared to previous year during peak harvesting season.

on prices are firm amid higher arrivals in most of the markets which

on higher side in coming weeks.

In Maharashtra, arrivals during the period (1st April -30

31.44% higher than last year during same period (Source: Agmarknet). Reason for higher arrivals

in the markets despite lower anticipated production may be better prices compared to last year.

have started to strengthen and are expected to rise further

rabi acreage in Maharashtra.

Across the country fresh crop is coming in market from Maharashtra,

Rajasthan, Madhya Pradesh and Gujarat.

Prices in coming months are expected to remain on higher side because of

eage in major producing regions.

Price and Arrivals in Major Markets

Onion

Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons

19 22-May-19 Change 23-May-19 22-May-

900 Unch 650 600

NA - 150 NA

900 Unch 1233 1677

NA - NA NA

700 Unch 1001 1200

1001 100 1208 1557

900 -100 713 911

1050 - NA 1.6

NA - NA NA

1100 -250 500 280

Price Monitoring Report

May 2019

Onion prices are trading firm in Maharashtra and are likely to remain on higher side for coming

and are likely to increase

Prices are trading on higher side compared to last year in most of the markets

crop estimation this year.

In Lasalgaon, modal prices are trading near Rs 950/ quintal compared to last

In Maharashtra, Rabi acreage (Rabi+Unhali) is estimated to be 2.88 lakh

hectares compared to last year’s area of 3.39 lakh hectares, down 15% as per our estimates.

Exports are 8.84 lakh tons compared to last year 6.4 lakh tons (During

June 2019 under MEIS scheme

Arrivals reported higher in most of the markets because farmers are fetching

on prices are firm amid higher arrivals in most of the markets which

30th April 2019) are

31.44% higher than last year during same period (Source: Agmarknet). Reason for higher arrivals

in the markets despite lower anticipated production may be better prices compared to last year.

then and are expected to rise further in coming

Across the country fresh crop is coming in market from Maharashtra,

ng months are expected to remain on higher side because of

Arrivals in Tons Source

-19 Change

50 Agmarknet

- Agmarknet

-444 Agmarknet

- Agmarknet

-199 Agmarknet

-349 Agmarknet

-198 Agmarknet

- Agmarknet

- Agmarknet

220 Agmarknet

Page 8: AP Daily Commodities Outlook Report 2019-05-24 Agriculture Rep… · Daily Price Monitoring Report 24 th May 2019 th June, delayed by almost a week. p to Rs 4775-4800 in Delhi while

Potato Today’s Development:

• Potato prices are trading firm to steady in most of the markets and are expected to

further in coming days as release from cold storage will be full fledge.

Developments that are still influencing the Markets:

• (20th May 2019) - In West Bengal, loading in cold storage

expecting 85% capacity utilization this year compared to last year

total storage of 70.62 lakh tons. Release has started in smaller quantity and expected to pick up

pace in couple of weeks.

• (14th May 2019) - In U.P,

meanwhile farmers are releasing crop stocked in their farms sheds. Once release from cold

storage starts prices are likely to move upward.

• (14th May 2019) - In Agra, potato prices are trading near Rs 700/ quintal compared to Rs 1230/

quintal in corresponding period

compared to last year.

• (10th May 2019) - Amid higher arrivals in producing region prices are trading steady to firm in

most of the markets.

• (10th May 2019) - In Gujarat, traders are expecting approximately 75% capacity utilization

compared to last year storage of 77.17% capacity utilization last year. In Gujarat, cold storage

capacity is approximately 28.75 lakh tons.

• (6th May 2019) -In U.P, traders are expe

to last year 78% capacity utilization from a total storage of 142 lakh tons. Traders are expecting

cold stores to open full fledge after 15

their farms sheds.

• (1st May 2019) - Prices are trading lower than last year during same time period because of fresh

potato coming in markets that is stored in sheds by farmers but prices are expected to increase

after May mid because of release from cold storages

• (30 April 2019) -Prices are increasing and likely to increase in coming days

cold storage is expected to start in couple of weeks.

Price and Arrivals at Major Markets

State Markets Modal Wholesale Prices (Rs/

23-May-19

Andhra Pradesh Palamaner 500

Karnataka Bangalore 1200

Belgaum NA

Gujarat Surat 925

Madhya Pradesh Indore 1000

Maharashtra Pune 1300

Delhi Delhi 746

Uttar Pradesh Agra NA

Daily Price

Potato prices are trading firm to steady in most of the markets and are expected to

as release from cold storage will be full fledge.

Developments that are still influencing the Markets:

In West Bengal, loading in cold storage is completed and traders are

% capacity utilization this year compared to last year 92% capacity utilization from a

total storage of 70.62 lakh tons. Release has started in smaller quantity and expected to pick up

In U.P, traders are expecting cold stores to open full fledge in a week,

farmers are releasing crop stocked in their farms sheds. Once release from cold

storage starts prices are likely to move upward.

In Agra, potato prices are trading near Rs 700/ quintal compared to Rs 1230/

quintal in corresponding period last year. This year cold storage release is delayed by 10

Amid higher arrivals in producing region prices are trading steady to firm in

In Gujarat, traders are expecting approximately 75% capacity utilization

compared to last year storage of 77.17% capacity utilization last year. In Gujarat, cold storage

capacity is approximately 28.75 lakh tons.

traders are expecting approximately 85% capacity utilization compared

to last year 78% capacity utilization from a total storage of 142 lakh tons. Traders are expecting

cold stores to open full fledge after 15th May meanwhile farmers are releasing crop stocked in

Prices are trading lower than last year during same time period because of fresh

potato coming in markets that is stored in sheds by farmers but prices are expected to increase

after May mid because of release from cold storages will pick pace.

Prices are increasing and likely to increase in coming days because release from

cold storage is expected to start in couple of weeks.

Price and Arrivals at Major Markets

Potato

Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons

22-May-19 Change 23-May-19 22-May

NA - 1 NA

1200 Unch 833 818

NA - NA NA

925 Unch 625 600

900 100 354 334

1200 100 509 406

746 Unch 964 867

720 - NA 1800

Daily Price Monitoring Report

24th May, 2019

Potato prices are trading firm to steady in most of the markets and are expected to increase

is completed and traders are

capacity utilization from a

total storage of 70.62 lakh tons. Release has started in smaller quantity and expected to pick up

traders are expecting cold stores to open full fledge in a week,

farmers are releasing crop stocked in their farms sheds. Once release from cold

In Agra, potato prices are trading near Rs 700/ quintal compared to Rs 1230/

last year. This year cold storage release is delayed by 10-15 days

Amid higher arrivals in producing region prices are trading steady to firm in

In Gujarat, traders are expecting approximately 75% capacity utilization

compared to last year storage of 77.17% capacity utilization last year. In Gujarat, cold storage

cting approximately 85% capacity utilization compared

to last year 78% capacity utilization from a total storage of 142 lakh tons. Traders are expecting

May meanwhile farmers are releasing crop stocked in

Prices are trading lower than last year during same time period because of fresh

potato coming in markets that is stored in sheds by farmers but prices are expected to increase

because release from

Arrivals in Tons Source

May-19 Change

- NAM

818 15 Agmarknet

- Agmarknet

600 25 Agmarknet

334 20 Agmarknet

406 103 Agmarknet

867 97 Agmarknet

1800 - Agmarknet

Page 9: AP Daily Commodities Outlook Report 2019-05-24 Agriculture Rep… · Daily Price Monitoring Report 24 th May 2019 th June, delayed by almost a week. p to Rs 4775-4800 in Delhi while

Tomato

Today’s Developments:

• Tomato market remain firm to steady in most of the markets on Thursday and prices likely to

continue firm.

• In coming weeks prices are expected to remain firm in most of the markets and are likely to

remain on higher side compared to last year because of lower crop size from South Indian

states.

Developments that are still influencing the Market:

• (21st May 2019) - In Madanapalle, Prices has touched a level of Rs

to trade in this range only for coming days.

• (20th May 2019) - All India tomato arrivals are comparatively lower than last year during same

time because of which prices are firm in market.

• (18 th May 2019) - Tomato prices are

in coming days because of lesser crop from South Indian states.

• (14th May 2019) - Across the country prices are firm in most of the markets during the week

period because of lower arrivals during t

regions.

• (13th May 2019) - In A.P, according to trade sources summer crop area has declined by almost

50% compared to last year because of low level of dam water. In few regions where water is

available farmers are sowing more crop because of higher prices trading at present.

• (7th May 2019) - Tomato prices are expected to decrease by Rs 200

arrivals of summer crop in coming days.

• (6th May 2019) - In Andhra Pradesh, prices are

from producing regions amid lower crop size. Prices are expected to trade in similar range for

coming weeks because of lower crop size of summer crop due lower water availability in dams.

Price and Arrivals in Major Markets

State Markets Modal Wholesale Prices (Rs/Qtl.)

23-May-

Andhra

Pradesh

Mulakalacheruvu 2600

Madanapalle 2650

Kalikiri 2000

Pattikonda NA

Gurramkonda 4800

Karnataka Chintamani 2133

Kolar 1933

Maharashtra Pune 2000

Delhi Delhi NA

Telangana Bowenpally NA

Daily Price

Tomato market remain firm to steady in most of the markets on Thursday and prices likely to

In coming weeks prices are expected to remain firm in most of the markets and are likely to

ain on higher side compared to last year because of lower crop size from South Indian

Developments that are still influencing the Market:

In Madanapalle, Prices has touched a level of Rs 4080/ quintal and are likely

to trade in this range only for coming days.

All India tomato arrivals are comparatively lower than last year during same

time because of which prices are firm in market.

Tomato prices are expected to trade on steady to firm in most of the markets

in coming days because of lesser crop from South Indian states.

Across the country prices are firm in most of the markets during the week

period because of lower arrivals during the week period amid lower crop size from producing

In A.P, according to trade sources summer crop area has declined by almost

50% compared to last year because of low level of dam water. In few regions where water is

armers are sowing more crop because of higher prices trading at present.

Tomato prices are expected to decrease by Rs 200-Rs300/ quintal because of

arrivals of summer crop in coming days.

In Andhra Pradesh, prices are trading on higher side because of lower arrivals

from producing regions amid lower crop size. Prices are expected to trade in similar range for

coming weeks because of lower crop size of summer crop due lower water availability in dams.

Price and Arrivals in Major Markets

Tomato

Modal Wholesale Prices (Rs/Qtl.) Arrivals in Tons

-19 22-May-19 Change 23-May-19 22-May

2100 500 25 35

1200 1450 54 36

2000 Unch 83 98

NA - NA NA

2360 2440 2 4

NA - 32 NA

1833 100 392 368

2000 Unch 106 247

1444 - NA 321

NA - NA NA

Daily Price Monitoring Report

24th May, 2019

Tomato market remain firm to steady in most of the markets on Thursday and prices likely to

In coming weeks prices are expected to remain firm in most of the markets and are likely to

ain on higher side compared to last year because of lower crop size from South Indian

4080/ quintal and are likely

All India tomato arrivals are comparatively lower than last year during same

expected to trade on steady to firm in most of the markets

Across the country prices are firm in most of the markets during the week

he week period amid lower crop size from producing

In A.P, according to trade sources summer crop area has declined by almost

50% compared to last year because of low level of dam water. In few regions where water is

armers are sowing more crop because of higher prices trading at present.

Rs300/ quintal because of

trading on higher side because of lower arrivals

from producing regions amid lower crop size. Prices are expected to trade in similar range for

coming weeks because of lower crop size of summer crop due lower water availability in dams.

Arrivals in Tons Source

May-19 Change

10 Agmarknet

18 NAM

-15 NAM

- NAM

-2 NAM

- Agmarknet

24 Agmarknet

-141 Agmarknet

- Agmarknet

- Agmarknet

Page 10: AP Daily Commodities Outlook Report 2019-05-24 Agriculture Rep… · Daily Price Monitoring Report 24 th May 2019 th June, delayed by almost a week. p to Rs 4775-4800 in Delhi while

Turmeric

Today’s Developments:

• No Significant Development Today

Recent Developments that are still Influencing Markets:

• Mixed tone featured in Turmeric cash markets on Wednesday. According to trade sources, good

demand from the exporters lends some support to the market.

the domestic market around current level.

• According to Skymet, monsoon is likely to enter Kerala by June 06, 2019 compared to the normal onset by June 01. Late arrival of monsoon and likely poor rainfall in the key growing rMarathwada and Vidharbha will support the market in the coming days

• In Maharashtra, current year Turmeric sowing likely to start from May. However, prevailing

drought like condition has started impacting farmer’s pre sowing intention. During 01

to 08-05-2019, in Marathwada region lower by 59% and in Madhya Maharashtra region rainfall

departure lower by 57%. If it will continue we expect Turmeric sowing area drastically come

down and likely to support prices.

• In Nizamabad, current year Turm

waiting for first monsoon rainfall for sowing activity.

• As per Agriwatch’s Second advance production estimate, Turmeric production for 2019

estimated at 532,353 MT (basis dry crop) co

production may go down further as Maharashtra standing crop is at very crucial stage

Prices & Arrivals

Turmeric

State Market Variet

y

Modal

(Rs/Qtl)

23

Andhra

Pradesh

Duggiral

a Finger

Bulb

Kadapa Finger

Bulb

Telangan

a

Nizama

bad Finger

Bulb

Warang

al Finger Closed

Round Closed

Tamil

Nadu Erode Finger

Bulb

Daily Price

No Significant Development Today

Recent Developments that are still Influencing Markets:

Mixed tone featured in Turmeric cash markets on Wednesday. According to trade sources, good

demand from the exporters lends some support to the market. There is lack of good buying in

the domestic market around current level.

According to Skymet, monsoon is likely to enter Kerala by June 06, 2019 compared to the normal onset by June 01. Late arrival of monsoon and likely poor rainfall in the key growing rMarathwada and Vidharbha will support the market in the coming days

In Maharashtra, current year Turmeric sowing likely to start from May. However, prevailing

drought like condition has started impacting farmer’s pre sowing intention. During 01

2019, in Marathwada region lower by 59% and in Madhya Maharashtra region rainfall

departure lower by 57%. If it will continue we expect Turmeric sowing area drastically come

down and likely to support prices.

In Nizamabad, current year Turmeric sowing likely to start from first week of June. Farmers were

waiting for first monsoon rainfall for sowing activity.

econd advance production estimate, Turmeric production for 2019

estimated at 532,353 MT (basis dry crop) compared to previous year’s 476,771 MT.

production may go down further as Maharashtra standing crop is at very crucial stage

Modal

Price

(Rs/Qtl)

Chan

ge

Arrivals

(Qtl)

23-May-

19

22-May-

19

23-May-

19

22-May-

19

NA 5700 NA

NA 241

NA 5700 NA

6252 5359 893 37 37

6242 5550 742

NA 5827 NA

NA 264

NA 6466 NA

Closed Closed NA

Closed 2600

Closed Closed NA

7187 6749 438

103.62 91.63

6456 6254 202

Daily Price Monitoring Report

24th May, 2019

Mixed tone featured in Turmeric cash markets on Wednesday. According to trade sources, good

There is lack of good buying in

According to Skymet, monsoon is likely to enter Kerala by June 06, 2019 compared to the normal onset by June 01. Late arrival of monsoon and likely poor rainfall in the key growing regions of

In Maharashtra, current year Turmeric sowing likely to start from May. However, prevailing

drought like condition has started impacting farmer’s pre sowing intention. During 01-03-2019

2019, in Marathwada region lower by 59% and in Madhya Maharashtra region rainfall

departure lower by 57%. If it will continue we expect Turmeric sowing area drastically come

eric sowing likely to start from first week of June. Farmers were

econd advance production estimate, Turmeric production for 2019-20 is

mpared to previous year’s 476,771 MT. Turmeric

production may go down further as Maharashtra standing crop is at very crucial stage.

Chan

ge Source

NA NAM

Unch NAM

NA NAM

NA Agriwat

ch

11.99 Agmark

net

Page 11: AP Daily Commodities Outlook Report 2019-05-24 Agriculture Rep… · Daily Price Monitoring Report 24 th May 2019 th June, delayed by almost a week. p to Rs 4775-4800 in Delhi while

Chilli

Today’s Developments:

• No Significant Development Today

Recent Developments that are still Influencing Markets:

• Continued export demand reported well from China, Sri Lanka, Malaysia, Bangladesh and UAE etc.

• Continued lower supply in the spot market supported the prices, Stockists were expecting higher prices in coming days.

• Chilli cold storage stocks entered in thlower, till now around 11,250 MT traded already, before summer vacation (likely to start from 9th May) more 2,250 MT likely to be trade.

• As per trade information, chilli cold storage stocks as on da

Guntur stood at 247,500 to 252,000 MT and in Andhra Pradesh around 310,500 to 315,000 MT

according to various trade estimates. Current year cold storage stocks reported lower as carry

forward stocks reported less.

• In Guntur market, annual summer vacation likely to start from 9th May for one month, after

reopen prices likely to go up further in the spot market.

• New crop supply continued in Guntur market, however current year quality reported lower due to

lower rainfall and virus infection.

• As per Agriwatch second advance estimate, Andhra Pradesh production likely to come 434,449

MT, last year it was 341,671 MT. In Andhra Pradesh acreage to rise by 45% from last year’s 87,60

hectares to 127,032 hectares.

• As per Agriwatch’s second advance production estimate, Red Chilli production for 2019

estimated at 12.22 lakh MT. Previous year’s production was 10.50 lakh MT.

Prices & Arrivals

Red

Chilli

State Market Varie

ty

Modal

Price

(Rs/Qtl)

23-May

19

Andhra

Pradesh Guntur Teja NA

334 NA

Telanga

na

Khamm

am Red NA

Warang

al Talu NA

Daily Price

No Significant Development Today

Recent Developments that are still Influencing Markets:

Continued export demand reported well from China, Sri Lanka, Malaysia, Bangladesh and UAE etc.

Continued lower supply in the spot market supported the prices, Stockists were expecting higher

Chilli cold storage stocks entered in the Guntur spot market as normal quality supply reported lower, till now around 11,250 MT traded already, before summer vacation (likely to start from 9th May) more 2,250 MT likely to be trade.

As per trade information, chilli cold storage stocks as on date (including old and new crops) in

Guntur stood at 247,500 to 252,000 MT and in Andhra Pradesh around 310,500 to 315,000 MT

according to various trade estimates. Current year cold storage stocks reported lower as carry

forward stocks reported less.

ntur market, annual summer vacation likely to start from 9th May for one month, after

reopen prices likely to go up further in the spot market.

New crop supply continued in Guntur market, however current year quality reported lower due to

d virus infection.

As per Agriwatch second advance estimate, Andhra Pradesh production likely to come 434,449

MT, last year it was 341,671 MT. In Andhra Pradesh acreage to rise by 45% from last year’s 87,60

hectares to 127,032 hectares.

’s second advance production estimate, Red Chilli production for 2019

lakh MT. Previous year’s production was 10.50 lakh MT.

Modal

Price

(Rs/Qtl)

Chang

e

Arrivals

(Qtl)

Chang

May-

19

22-

May-19

23-

May-19

22-May-

19

NA NA -

NA NA

NA NA - NA NA

NA NA -

NA NA

NA NA -

NA NA

Daily Price Monitoring Report

24th May, 2019

Continued export demand reported well from China, Sri Lanka, Malaysia, Bangladesh and UAE etc.

Continued lower supply in the spot market supported the prices, Stockists were expecting higher

e Guntur spot market as normal quality supply reported lower, till now around 11,250 MT traded already, before summer vacation (likely to start from 9th

te (including old and new crops) in

Guntur stood at 247,500 to 252,000 MT and in Andhra Pradesh around 310,500 to 315,000 MT

according to various trade estimates. Current year cold storage stocks reported lower as carry

ntur market, annual summer vacation likely to start from 9th May for one month, after

New crop supply continued in Guntur market, however current year quality reported lower due to

As per Agriwatch second advance estimate, Andhra Pradesh production likely to come 434,449

MT, last year it was 341,671 MT. In Andhra Pradesh acreage to rise by 45% from last year’s 87,608

’s second advance production estimate, Red Chilli production for 2019-20 is

Chang

e Source

- NAM

- NAM

-

Agmarkn

et

-

Agmarkn

et

Page 12: AP Daily Commodities Outlook Report 2019-05-24 Agriculture Rep… · Daily Price Monitoring Report 24 th May 2019 th June, delayed by almost a week. p to Rs 4775-4800 in Delhi while

Maize

Today’s Developments:

• China’s Sinograin is expected to auction 75,000 tonnes of its maize reserve in the

Mongolia on 22 May 2019.

• South Korea’s feed-makers NOFI and MFG both bought same quantity of corn

private deal on 10th May and 7 May respectively.

• IEG Vantage, formerly known as Informa Economics IEG, projected U.S. 2019 corn pl

90.692 million acres.

• The IEG figure is below the U.S. Department of Agriculture's March forecast of 92.8 million

acres.

• The firm projected U.S. 2019 soybean plantings at 86.437 million acres, above the USDA's March

forecast of 84.6 million

• Brazil's corn production this year will be the highe

AgRural forecast. The country's total corn production is expected to reach a record 99.2 million

tonnes in the 2018/19 season, AgRural said, a sharp rise from the earlier season, when

production fell to 80.7 million to

• US corn planting is lagging, it is 49% planted vs 80% 5

emerged vs 49% 5-year ago and 10% a week ago

• South Korea's feed-makers NOFI and MFG both bought same quan

private deal on 10th May and 7 May respectively

• As per USDA, U.S corn exports

the previous week, but down 15 percent from the prior 4

May –09th May, 2019), surge

switched from unknown destinations), Japan (121,400 MT, including 93,800 MT switched from

unknown destinations), Mexico (121,400 MT, including decreases of 84,300

(57,600 MT), and Guatemala (36,400 MT, including 600 MT switched from El Salvador)

Recent Developments that are still Influencing Markets:

• Lackluster trade activity with steady price quotes featured in the corn cash market Thursday.

• In Ahmedabad region of Gujarat, poultry feed makers quoted maize slightly higher at Rs. 2175

per quintal also starch feed makers it slightly steady at Rs.2200 per quintal.

• In Karnataka region, maize prices will witnessed steady to firm tone in the near ter

• In Bihar, despite new crop arrival pressure; maize could trade steady to slightly firm from the

current level due to good demand from feed manufacturers.

Daily Price

China’s Sinograin is expected to auction 75,000 tonnes of its maize reserve in the

The corn was produced during 2015-2018.

makers NOFI and MFG both bought same quantity of corn

private deal on 10th May and 7 May respectively.

IEG Vantage, formerly known as Informa Economics IEG, projected U.S. 2019 corn pl

is below the U.S. Department of Agriculture's March forecast of 92.8 million

The firm projected U.S. 2019 soybean plantings at 86.437 million acres, above the USDA's March

Brazil's corn production this year will be the highest on record, commodities consultancy

AgRural forecast. The country's total corn production is expected to reach a record 99.2 million

tonnes in the 2018/19 season, AgRural said, a sharp rise from the earlier season, when

production fell to 80.7 million tonnes because of a drought.

US corn planting is lagging, it is 49% planted vs 80% 5-year average and 30% week ago). It is 19%

year ago and 10% a week ago -USDA as on 21 May, 2019.

makers NOFI and MFG both bought same quantity of corn

10th May and 7 May respectively.

As per USDA, U.S corn exports Net sales of 553,300 MT for 2018/2019 were up 92 percent from

the previous week, but down 15 percent from the prior 4-week average, (for the peri

May, 2019), surge were mainly for Colombia (226,700 MT, including 44,500 MT

switched from unknown destinations), Japan (121,400 MT, including 93,800 MT switched from

unknown destinations), Mexico (121,400 MT, including decreases of 84,300

(57,600 MT), and Guatemala (36,400 MT, including 600 MT switched from El Salvador)

Recent Developments that are still Influencing Markets:

Lackluster trade activity with steady price quotes featured in the corn cash market Thursday.

In Ahmedabad region of Gujarat, poultry feed makers quoted maize slightly higher at Rs. 2175

per quintal also starch feed makers it slightly steady at Rs.2200 per quintal.

In Karnataka region, maize prices will witnessed steady to firm tone in the near ter

In Bihar, despite new crop arrival pressure; maize could trade steady to slightly firm from the

current level due to good demand from feed manufacturers.

Daily Price Monitoring Report

24th May, 2019

China’s Sinograin is expected to auction 75,000 tonnes of its maize reserve in the Inner

– 69,000 tonnes in

IEG Vantage, formerly known as Informa Economics IEG, projected U.S. 2019 corn plantings at

is below the U.S. Department of Agriculture's March forecast of 92.8 million

The firm projected U.S. 2019 soybean plantings at 86.437 million acres, above the USDA's March

st on record, commodities consultancy

AgRural forecast. The country's total corn production is expected to reach a record 99.2 million

tonnes in the 2018/19 season, AgRural said, a sharp rise from the earlier season, when

year average and 30% week ago). It is 19%

tity of corn - 69,000 tonnes in

Net sales of 553,300 MT for 2018/2019 were up 92 percent from

(for the period 03rd

for Colombia (226,700 MT, including 44,500 MT

switched from unknown destinations), Japan (121,400 MT, including 93,800 MT switched from

unknown destinations), Mexico (121,400 MT, including decreases of 84,300 M), South Korea

(57,600 MT), and Guatemala (36,400 MT, including 600 MT switched from El Salvador).

Lackluster trade activity with steady price quotes featured in the corn cash market Thursday.

In Ahmedabad region of Gujarat, poultry feed makers quoted maize slightly higher at Rs. 2175

In Karnataka region, maize prices will witnessed steady to firm tone in the near term.

In Bihar, despite new crop arrival pressure; maize could trade steady to slightly firm from the

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• Maize is moving towards Bengaluru at Rs. 2450

quintal, Chitradurga at Rs. 2350 per quintal, Sangali at Rs. 2250 per quintal, Chennai at Rs. 2400

per quintal and Ranebennur at Rs. 2350 per quintal (Delivered price); sourced from Davangere.

• Maize is moving towards Punjab at Rs.

from Bihar.

• MMTC, Indian state-run trading company, has postponed for the third time a deadline for offer

submissions in an international tender to import yellow corn, this time to June 6. It was for at

least 20,000 tonnes and a m

• The deadline for offers was originally May 8 and had been postponed to May 15 and then to

May 22. The tender seeks corn (maize) free of genetically

MMTC is now asking for offers of corn for shipment bet

shipment period was June 15 and July 15

Prices & Arrivals:

State/

District Market Grade

Telangana Nizamabad Bilty

Bihar Gulabbagh Bilty

Karnataka Davangere Bilty

Delhi Delhi Loose

Andhra

Pradesh Kurnool Loose

Daily Price

Maize is moving towards Bengaluru at Rs. 2450-2500 per quintal, Namakkal at Rs. 2360 per

Chitradurga at Rs. 2350 per quintal, Sangali at Rs. 2250 per quintal, Chennai at Rs. 2400

per quintal and Ranebennur at Rs. 2350 per quintal (Delivered price); sourced from Davangere.

Maize is moving towards Punjab at Rs. 2200 per quintal and U.P at Rs. 2100 per quintal; sourced

run trading company, has postponed for the third time a deadline for offer

submissions in an international tender to import yellow corn, this time to June 6. It was for at

least 20,000 tonnes and a maximum 100,000 tonnes.

The deadline for offers was originally May 8 and had been postponed to May 15 and then to

May 22. The tender seeks corn (maize) free of genetically-modified organisms (GMOs). The

MMTC is now asking for offers of corn for shipment between July 1 and July 31. Previous

shipment period was June 15 and July 15 - Reuters.

Maize

Modal Price (Rs./Qtl)

Change

Arrivals (Qtl)

23-May-

19

22-May-

19 23-May-19 22-May

2150 2150 Unch 500 2000

1900 1900 Unch 10000 10000

2350 2350 Unch 1000 1000

2050 2050 Unch NA

NA 1000 - NA

*Difference between current and previous day’s prices.

Daily Price Monitoring Report

24th May, 2019

2500 per quintal, Namakkal at Rs. 2360 per

Chitradurga at Rs. 2350 per quintal, Sangali at Rs. 2250 per quintal, Chennai at Rs. 2400

per quintal and Ranebennur at Rs. 2350 per quintal (Delivered price); sourced from Davangere.

100 per quintal; sourced

run trading company, has postponed for the third time a deadline for offer

submissions in an international tender to import yellow corn, this time to June 6. It was for at

The deadline for offers was originally May 8 and had been postponed to May 15 and then to

modified organisms (GMOs). The

ween July 1 and July 31. Previous

Arrivals (Qtl)

Change Source May-19

2000 -1500 AGRIWATCH

10000 Unch AGRIWATCH

1000 Unch AGRIWATCH

NA - AGRIWATCH

4 - ENAM

*Difference between current and previous day’s prices.

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Sugar

Today’s Developments:

• Mixed trend has been seen in Indian sugar market across India on

the government to sell sugar not below MSP in all sugar producing states. The sudden rise in

temperature and improved bulk and retail demand from cold drinks and

prices by Rs.10-30 at major markets.

• Kolhapur sugar market prices stood at Rs.312

Today’s Developments that are still Influencing Markets:

• (9th May 2019) Brazil is expected to produce a smaller cane crop in 2019

expected to be higher according to government agency Conab. They projected the main center

south cane crop at 566 million tonnes, versus 572 million tonnes in 2018/19, as plan

fallen in the region and country because many farmers are switching to other crops such as

soybeans.

• (8th May 2019) The Maharashtra’s cane dues now amount to Rs 3,595 crore,

shutting down crushing operations on Monday.

farmers were Rs 21,154 crore, of which Rs 16,545 crore have been paid. Outstanding dues as on

May 6 are Rs 4,831crore.

• (7th May 2019) The sugar stocks at the end of the 2018

higher level at around 14.7 million tonnes

October 1, 2018, and domestic demand of 26 million tonnes as well as export of 3 million tonnes

according to ISMA.

• (5th May 2019) Sugar mills produced 9.36 LT higher sugar stood at 321.19 LT from 311.83 LT

during the same time last year till 30

this year compared to 110 sugar mills last year.

• (5th May 2019) Total sugar p

than previous season’s production. Maharashtra’s sugar production rose to 107LT, whereas U.P

and Karnataka has reached the sugar production at 112.65 and 43.2 LT till 30

by ISMA.

• (3rd May 2019) The government has raised its sugar production estimate for 2018

September) to a record 32.5 MT from 31.5 MT estimated in March,

in the previous year. The production, however, is expected to be higher than the annual domestic

requirement of 25-26 MT.

• (2nd May 2019) The food ministry yesterday released the notification allocating 21 LMT monthly

sugar quota to each of 534 mills in the country

75% to 100% export targets under MIEQ (Minimum Indicative Export Quota) allotted to them for

the sugar season 2018-19 have been given incentive in the form of additiona

their normal allocation for the month of May 2019. And those mills achieving 50 to 75% of their

export targets under MIEQ quota for the season 2018

allocation for the month of May, 2019.

• (1st May 2019) Government is likely to announce monthly sales quota for May month which is

speculated to be around 21 to 22 lakh tonnes

month’s quota of 18 lakh tonnes plus

for March in April.

Daily Price

Mixed trend has been seen in Indian sugar market across India on Thursday.Mills

the government to sell sugar not below MSP in all sugar producing states. The sudden rise in

temperature and improved bulk and retail demand from cold drinks and juice makers lifted sugar

30 at major markets.

arket prices stood at Rs.3120 whereas in U.P’s Khatauli market at Rs.3399

Today’s Developments that are still Influencing Markets:

Brazil is expected to produce a smaller cane crop in 2019-20 but sugar output is

according to government agency Conab. They projected the main center

south cane crop at 566 million tonnes, versus 572 million tonnes in 2018/19, as plan

fallen in the region and country because many farmers are switching to other crops such as

The Maharashtra’s cane dues now amount to Rs 3,595 crore, with the mills finally

shutting down crushing operations on Monday.The total dues of Maharashtra’s sugar mills to

farmers were Rs 21,154 crore, of which Rs 16,545 crore have been paid. Outstanding dues as on

The sugar stocks at the end of the 2018-19 marketing year is expected to be

higher level at around 14.7 million tonnes with the opening balance of 10.7 million tonnes as on

October 1, 2018, and domestic demand of 26 million tonnes as well as export of 3 million tonnes

Sugar mills produced 9.36 LT higher sugar stood at 321.19 LT from 311.83 LT

during the same time last year till 30th April. Till 30th April, only 100 mills are crushing sugarcane

this year compared to 110 sugar mills last year.

Total sugar production is expected to surge upto 330 LT and about 5 LT higher

production. Maharashtra’s sugar production rose to 107LT, whereas U.P

and Karnataka has reached the sugar production at 112.65 and 43.2 LT till 30th April, data release

The government has raised its sugar production estimate for 2018

September) to a record 32.5 MT from 31.5 MT estimated in March, similar to what was achieved

in the previous year. The production, however, is expected to be higher than the annual domestic

The food ministry yesterday released the notification allocating 21 LMT monthly

quota to each of 534 mills in the country. Those sugar mills which have completed their

75% to 100% export targets under MIEQ (Minimum Indicative Export Quota) allotted to them for

19 have been given incentive in the form of additional allocation @ 10% of

their normal allocation for the month of May 2019. And those mills achieving 50 to 75% of their

export targets under MIEQ quota for the season 2018-19 have been given @ 7.5% of their normal

allocation for the month of May, 2019.

Government is likely to announce monthly sales quota for May month which is

speculated to be around 21 to 22 lakh tonnes according to trade sources which is higher than previous

month’s quota of 18 lakh tonnes plus the centre also allowed mills to sell their unsold sugar stocks

Daily Price Monitoring Report

24th May, 2019

Mills are warned by

the government to sell sugar not below MSP in all sugar producing states. The sudden rise in

juice makers lifted sugar

market at Rs.3399INR.

20 but sugar output is

according to government agency Conab. They projected the main center-

south cane crop at 566 million tonnes, versus 572 million tonnes in 2018/19, as planted area had

fallen in the region and country because many farmers are switching to other crops such as

with the mills finally

The total dues of Maharashtra’s sugar mills to

farmers were Rs 21,154 crore, of which Rs 16,545 crore have been paid. Outstanding dues as on

19 marketing year is expected to be

with the opening balance of 10.7 million tonnes as on

October 1, 2018, and domestic demand of 26 million tonnes as well as export of 3 million tonnes

Sugar mills produced 9.36 LT higher sugar stood at 321.19 LT from 311.83 LT

April, only 100 mills are crushing sugarcane

roduction is expected to surge upto 330 LT and about 5 LT higher

production. Maharashtra’s sugar production rose to 107LT, whereas U.P

April, data released

The government has raised its sugar production estimate for 2018-19 (October-

similar to what was achieved

in the previous year. The production, however, is expected to be higher than the annual domestic

The food ministry yesterday released the notification allocating 21 LMT monthly

. Those sugar mills which have completed their

75% to 100% export targets under MIEQ (Minimum Indicative Export Quota) allotted to them for

l allocation @ 10% of

their normal allocation for the month of May 2019. And those mills achieving 50 to 75% of their

19 have been given @ 7.5% of their normal

Government is likely to announce monthly sales quota for May month which is

according to trade sources which is higher than previous

o sell their unsold sugar stocks

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• (30th April 2019) The sugar exports have been hindered by excess output and lower (than

domestic) international prices. Between October 1, 2018 and April 6, 2019,

35 per cent out of the target of 5 MMT, though the crushing season is almost over. With the net

supply continuing to far exceed demand, India is likely to open the new sugar year 2019

carry-over stock of over 10 MMT according

• (29th April 2019) Of the 5 mlntn export target set by the government for 2018

mills have shipped out 2.2 mlntn

3.5 mlntn this season ending September.

• (26th April 2019) Sugar production has

last year's record of 32.5 mlntn

• (25th April 2019) Pakistan exports 1.5 Lakh Tonnes of sugar to China under the Chinese duty

incentive package of $ 1 billion.

tonnes of sugar for which India has been waiting for long time. Pakistani off

China has extended a duty free package for export of rice, sugar and 3.5 lakh tonnes of cotton

yarn to Pakistan.

• (24th April 2019) Sugar cane arrears of farmers in Uttar Pradesh till April 18 stands Rs.9,536crore.

Despite the central government’s announcement of a soft loan package of `3,000 crore for mills in

UP and further Rs.500 crore from the state government to 24 cooperative sugar mills for settling

the arrears.

• (23rd April 2019)The Sugar Technologists Association of India (STAI

revise the minimum support price from Rs.3100/q to Rs.3600/q

the financial crisis by paying the cane arrears to sugarcane farmers. Also The National Federation of

Cooperative Sugar Millers and the Maharashtra Federation of Cooperative Sugar Millers have been

seeking a hike in MSP of sugar.

• (22nd April 2019)This year’s recovery rate up by 0.05% at 11.05% against last year recovery rate

of 11%. This year the cooperative mills witnessed a hike in the recovery rate at 11.14% whereas

private mills registered at 10.80% this sugar season.

• (18th April 2019) Till Tuesday, of the 195 mills that have taken crushing in the season, only 27

mills are functional and at least three are expected to continue the season till May. The state has

reported crushing of 949.01 lakh tonne cane and produced 106.71 lakh tonne of sugar in SS 2018

19 against 107 lakh tonne sugar, an all

• (17th April 2019) SME mills constitute one

of SS 2018. Small and medium sugar mills might see an improvement in profitability because of

the hike in MSP raised by the government in February and it is

in SS 2020, which will push up prices by the end of SS 2020.

Prices

State/ District Market

Maharashtra Kolhapur

Uttar Pradesh Khatauli

Andhra Pradesh Vijayawada

Delhi Delhi

Daily Price

The sugar exports have been hindered by excess output and lower (than

domestic) international prices. Between October 1, 2018 and April 6, 2019, India exported only

35 per cent out of the target of 5 MMT, though the crushing season is almost over. With the net

supply continuing to far exceed demand, India is likely to open the new sugar year 2019

over stock of over 10 MMT according to ISMA.

Of the 5 mlntn export target set by the government for 2018

mills have shipped out 2.2 mlntn of the sweetener until the start of April, and is likely to export

3.5 mlntn this season ending September.

Sugar production has already touched 31.2 mlntn, and it could come close to the

last year's record of 32.5 mlntn as some mills in Maharashtra and U.P are still crushing cane.

Pakistan exports 1.5 Lakh Tonnes of sugar to China under the Chinese duty

incentive package of $ 1 billion. As of last month Pakistan bagged the opportunity to export 3 lakh

tonnes of sugar for which India has been waiting for long time. Pakistani official stated that that

China has extended a duty free package for export of rice, sugar and 3.5 lakh tonnes of cotton

Sugar cane arrears of farmers in Uttar Pradesh till April 18 stands Rs.9,536crore.

government’s announcement of a soft loan package of `3,000 crore for mills in

UP and further Rs.500 crore from the state government to 24 cooperative sugar mills for settling

The Sugar Technologists Association of India (STAI) has urged the government to

revise the minimum support price from Rs.3100/q to Rs.3600/q so that the sugar millers can overcome

the financial crisis by paying the cane arrears to sugarcane farmers. Also The National Federation of

s and the Maharashtra Federation of Cooperative Sugar Millers have been

This year’s recovery rate up by 0.05% at 11.05% against last year recovery rate

This year the cooperative mills witnessed a hike in the recovery rate at 11.14% whereas

private mills registered at 10.80% this sugar season.

Till Tuesday, of the 195 mills that have taken crushing in the season, only 27

onal and at least three are expected to continue the season till May. The state has

reported crushing of 949.01 lakh tonne cane and produced 106.71 lakh tonne of sugar in SS 2018

19 against 107 lakh tonne sugar, an all-time high production figure last year.

SME mills constitute one-third of the Rs.102,500crore sugar market in India, as

of SS 2018. Small and medium sugar mills might see an improvement in profitability because of

the hike in MSP raised by the government in February and it is expected to have lower production

in SS 2020, which will push up prices by the end of SS 2020.

Sugar (M grade)

Modal Price (Rs /Qtl)

Change23 May-19 22 May-19

Kolhapur 3120 3110 10

Khatauli 3395 3400 -5

Vijayawada 3580 3580 unch

3200 3225 -25

Daily Price Monitoring Report

24th May, 2019

The sugar exports have been hindered by excess output and lower (than

India exported only

35 per cent out of the target of 5 MMT, though the crushing season is almost over. With the net

supply continuing to far exceed demand, India is likely to open the new sugar year 2019-20 with a

Of the 5 mlntn export target set by the government for 2018-19, Indian sugar

of the sweetener until the start of April, and is likely to export

and it could come close to the

as some mills in Maharashtra and U.P are still crushing cane.

Pakistan exports 1.5 Lakh Tonnes of sugar to China under the Chinese duty-free

As of last month Pakistan bagged the opportunity to export 3 lakh

icial stated that that

China has extended a duty free package for export of rice, sugar and 3.5 lakh tonnes of cotton

Sugar cane arrears of farmers in Uttar Pradesh till April 18 stands Rs.9,536crore.

government’s announcement of a soft loan package of `3,000 crore for mills in

UP and further Rs.500 crore from the state government to 24 cooperative sugar mills for settling

) has urged the government to

so that the sugar millers can overcome

the financial crisis by paying the cane arrears to sugarcane farmers. Also The National Federation of

s and the Maharashtra Federation of Cooperative Sugar Millers have been

This year’s recovery rate up by 0.05% at 11.05% against last year recovery rate

This year the cooperative mills witnessed a hike in the recovery rate at 11.14% whereas

Till Tuesday, of the 195 mills that have taken crushing in the season, only 27

onal and at least three are expected to continue the season till May. The state has

reported crushing of 949.01 lakh tonne cane and produced 106.71 lakh tonne of sugar in SS 2018-

third of the Rs.102,500crore sugar market in India, as

of SS 2018. Small and medium sugar mills might see an improvement in profitability because of

expected to have lower production

Change Source

10 AW

5 AW

unch AW

25 AW

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Cotton Today’s Developments:

• Cotton prices expected to trade higher side

year and due to exports demand from International markets

demand and procurement by CCI also support prices.

• From October 2018 to April 2019 the total cotton supply estimated by CAI is 314 lakh bales of

170 kgs. each which consists

7.27 lakh bales upto 30th April 2019 and the opening stock at the beginning of season on 1st

October 2018 at 28 lakh bale

Recent Developments that are still Influencing Market

• (9th May 2019)India's 2018/19 cotton imports are likely to double from a year ago to a record

3.1 million bales as the drop in production to the lowest level in nine years. The cotton crop

estimate for the season is reduced by 600,000 bales to 31.5 million bal

whereas exports are likely to reduce to 4.7 million bales.

• (8th May 2019) The USDA has estimated that India’s 2018

34.525 million bales, 7.5% higher than the estimate of CAI of 32.1 million bales

downward by from its previous one of 32.8 million bales. Cotton Association of India (CAI)

strongly objected to the cotton production estimates issued by the USDA.

• (7th May 2019) India’s cotton imports has shipped 8 lakh to 9 lakh mln bales

likely to be shipped between May and July out of contracted 1.8 mln bales. Indian imports from

US rose to 2.56 lakh bales in April from 79,900 bales in March due to high domestic prices and

short supply. Imports are taking place at Rs. 47

• (6th May 2019) The Punjab agriculture department has increased the area under cotton by

nearly 40% to 4 lakh hectares

cotton sowing has already set in a

May.

• (4th May 2019) Stock held by mills as of end

multinational companies, ginners and the Multi Commodity Exchange, as of end

sources say CAI recently convened a meeting of cotton traders and

strategy for selling its inventory.

• (1st May 2019)Indian impor

lakh bales. Net Outflow of cotton is near 20 lakh bales against last year’s above 50 lakh bales.

Indian consumers are regularly booking imports as their long

market remain range bound as ginners are holding good stock so now selling further arrivals in

the market provides liquidity at regular pace and also some profit booking of investors.

• (29th Apr 2019)Maharashtra Commission for Agricultural Costs &

the minimum support price of cotton by 10 %

possibility of at least 10% increase in MSP for cotton in the coming kharif season.

• (25thApr 2019)The largest producer among the

output is seen falling 19% on year to 4.1 mln bales in 2018

led by moisture deficiency after scanty rains. The cotton yield expected to decline to 381kg/ha

from 451 kg in the previous year.

Daily Price

Cotton prices expected to trade higher side as the crop has been short by 10

and due to exports demand from International markets. Moreover, raising domestic

ent by CCI also support prices.

From October 2018 to April 2019 the total cotton supply estimated by CAI is 314 lakh bales of

each which consists of the arrival of 278.73 lakh bales upto 30th April 2019, imports of

7.27 lakh bales upto 30th April 2019 and the opening stock at the beginning of season on 1st

October 2018 at 28 lakh bales.

Recent Developments that are still Influencing Market

India's 2018/19 cotton imports are likely to double from a year ago to a record

as the drop in production to the lowest level in nine years. The cotton crop

estimate for the season is reduced by 600,000 bales to 31.5 million bales in CAI's latest report

whereas exports are likely to reduce to 4.7 million bales.

The USDA has estimated that India’s 2018-19 cotton production would be

34.525 million bales, 7.5% higher than the estimate of CAI of 32.1 million bales

downward by from its previous one of 32.8 million bales. Cotton Association of India (CAI)

strongly objected to the cotton production estimates issued by the USDA.

India’s cotton imports has shipped 8 lakh to 9 lakh mln bales

likely to be shipped between May and July out of contracted 1.8 mln bales. Indian imports from

US rose to 2.56 lakh bales in April from 79,900 bales in March due to high domestic prices and

short supply. Imports are taking place at Rs. 47,500 to 48,000/candy landed cost at port.

The Punjab agriculture department has increased the area under cotton by

nearly 40% to 4 lakh hectares, up from 2.84 lakh hectares in 2018-19 season. The season for

cotton sowing has already set in and the sowing is expected to pick pace from the first week of

Stock held by mills as of end-March is 4.6 million bales in godowns of the CCI,

, ginners and the Multi Commodity Exchange, as of end

sources say CAI recently convened a meeting of cotton traders and spinning mills

strategy for selling its inventory.

Indian importers have booked nearly 19 lakh bales while export is just at 40

Net Outflow of cotton is near 20 lakh bales against last year’s above 50 lakh bales.

Indian consumers are regularly booking imports as their long-term strategy. Indian physical

rket remain range bound as ginners are holding good stock so now selling further arrivals in

the market provides liquidity at regular pace and also some profit booking of investors.

Maharashtra Commission for Agricultural Costs & Prices are expecting to raise

the minimum support price of cotton by 10 % and in the same lines CCI also told that there is a

possibility of at least 10% increase in MSP for cotton in the coming kharif season.

The largest producer among the southern states, Telangana’s total cotton

output is seen falling 19% on year to 4.1 mln bales in 2018-19 season due to sharp fall in yields

led by moisture deficiency after scanty rains. The cotton yield expected to decline to 381kg/ha

revious year.

Daily Price Monitoring Report

24th May, 2019

as the crop has been short by 10-12% over last

. Moreover, raising domestic

From October 2018 to April 2019 the total cotton supply estimated by CAI is 314 lakh bales of

of the arrival of 278.73 lakh bales upto 30th April 2019, imports of

7.27 lakh bales upto 30th April 2019 and the opening stock at the beginning of season on 1st

India's 2018/19 cotton imports are likely to double from a year ago to a record

as the drop in production to the lowest level in nine years. The cotton crop

es in CAI's latest report

19 cotton production would be

34.525 million bales, 7.5% higher than the estimate of CAI of 32.1 million bales, revised

downward by from its previous one of 32.8 million bales. Cotton Association of India (CAI)

India’s cotton imports has shipped 8 lakh to 9 lakh mln bales and remaining is

likely to be shipped between May and July out of contracted 1.8 mln bales. Indian imports from

US rose to 2.56 lakh bales in April from 79,900 bales in March due to high domestic prices and

,500 to 48,000/candy landed cost at port.

The Punjab agriculture department has increased the area under cotton by

19 season. The season for

nd the sowing is expected to pick pace from the first week of

in godowns of the CCI,

, ginners and the Multi Commodity Exchange, as of end-March. Trade

spinning mills to devise a

ters have booked nearly 19 lakh bales while export is just at 40

Net Outflow of cotton is near 20 lakh bales against last year’s above 50 lakh bales.

term strategy. Indian physical

rket remain range bound as ginners are holding good stock so now selling further arrivals in

the market provides liquidity at regular pace and also some profit booking of investors.

Prices are expecting to raise

and in the same lines CCI also told that there is a

possibility of at least 10% increase in MSP for cotton in the coming kharif season.

southern states, Telangana’s total cotton

due to sharp fall in yields

led by moisture deficiency after scanty rains. The cotton yield expected to decline to 381kg/ha

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• (24thApr 2019)This kharif season, farmers are planning to migrate to other competing crops

like maize and soybean due to higher realization in these crops in the last few months.

rainfall and their distribution pattern would set the trend for kharif sowing this season.

• (23rdApr 2019) All India daily cotton arrivals are reported to be about

according to CAI during last week

bales due to low availability in India.

• (22ndApr 2019) All India daily cotton arrivals are reported to be about 75’000 bales according

to CAI. Active import business continued for West African & US origins.

market for U.S. cotton which support prices to remain high and China, Vietnam and Turkey

were major buyers.

• (18th Apr 2019) According to CAI, the balance sheet projects total cotton supply of 37.60

million bales, a domestic consumption of 31.60 million ba

carry-over stock of 1.3 million bales. New crop planting started in some areas of North India.

Good availability of canal water and better prices of seed cotton in the current season against

competing crops will likely favor cotton sowing in North India.

• (17th Apr 2019) India's cotton crop production may fall 7.87 per cent to 343 lakh bales (of 170

kg each) in the 2018-19 season,

estimates released Monday

textile industry body based the projections on actual data collected from cotton

for the October-September 2018 crop season.

• (16th Apr 2019) India expect to see a year

produce some 12.5 million bales, or a 5% jump. Pakistan’s crop is expected to increase some

6.7% regarding global production for 2019.

• (16th Apr 2019) The weekly

2018-19 and 2019-20, at 527,700 bales.

Upland and 30,200 of Pima. Vietnam, India and China were major buyers.

Prices & Arrivals

State/ District Market

Modal Price (Rs /Qtl)

23-May

Gujarat Rajkot 6065

Andhra Pradesh Adoni 6400

Andhra Pradesh Guntur NA

Andhra Pradesh YEMMIGANUR NA

Daily Price

This kharif season, farmers are planning to migrate to other competing crops

due to higher realization in these crops in the last few months.

rainfall and their distribution pattern would set the trend for kharif sowing this season.

All India daily cotton arrivals are reported to be about 55,000 to 70,

during last week.Cotton imports is on full hype and booked nearly 19 lakh

bales due to low availability in India.

All India daily cotton arrivals are reported to be about 75’000 bales according

Active import business continued for West African & US origins. India

which support prices to remain high and China, Vietnam and Turkey

According to CAI, the balance sheet projects total cotton supply of 37.60

a domestic consumption of 31.60 million bales, exports of 4.70 million bales and a

-over stock of 1.3 million bales. New crop planting started in some areas of North India.

Good availability of canal water and better prices of seed cotton in the current season against

ely favor cotton sowing in North India.

(17th Apr 2019) India's cotton crop production may fall 7.87 per cent to 343 lakh bales (of 170

19 season, mainly due to drought in many cotton-growing regions, as per

estimates released Monday by Confederation of Indian Textile Industry (CITI). The domestic

textile industry body based the projections on actual data collected from cotton

September 2018 crop season.

(16th Apr 2019) India expect to see a year-over-year increase of 7%, Brazil too is looking to

produce some 12.5 million bales, or a 5% jump. Pakistan’s crop is expected to increase some

6.7% regarding global production for 2019.

(16th Apr 2019) The weekly export sales report showed net sales for both marketing years,

20, at 527,700 bales. This included current year sales of 289,000 bales of

Upland and 30,200 of Pima. Vietnam, India and China were major buyers.

Cotton

Modal Price (Rs /Qtl)

Change

Arrivals (Qtl)

May-19 22-May-19 23-May-19 22-May

6065 6140 -75 620 825

6400 6399 -1 1171 1668

NA - NA NA

NA - NA NA

Daily Price Monitoring Report

24th May, 2019

This kharif season, farmers are planning to migrate to other competing crops

due to higher realization in these crops in the last few months.But,

rainfall and their distribution pattern would set the trend for kharif sowing this season.

55,000 to 70,000 bales

and booked nearly 19 lakh

All India daily cotton arrivals are reported to be about 75’000 bales according

India remains in the

which support prices to remain high and China, Vietnam and Turkey

According to CAI, the balance sheet projects total cotton supply of 37.60

les, exports of 4.70 million bales and a

-over stock of 1.3 million bales. New crop planting started in some areas of North India.

Good availability of canal water and better prices of seed cotton in the current season against

(17th Apr 2019) India's cotton crop production may fall 7.87 per cent to 343 lakh bales (of 170

growing regions, as per

by Confederation of Indian Textile Industry (CITI). The domestic

textile industry body based the projections on actual data collected from cotton-growing areas

Brazil too is looking to

produce some 12.5 million bales, or a 5% jump. Pakistan’s crop is expected to increase some

export sales report showed net sales for both marketing years,

This included current year sales of 289,000 bales of

Change Source May-19

825 -205 APMC

1668 -497 Agriwatch

NA - Agriwatch

NA - NAM

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Palm Oil

Today’s Developments:

• No significant updates today.

Recent Developments that are still Influencing Markets:

• (23 May 2019)According to cargo surveyor SocieteGenerale

May 1-20 palm oil exports rose 5.6 percent to 992,313 tons compared to 939,657

corresponding period last month. Top buyers were European Union 255556 tons (144,135 tons),

India at 258,966 tons (262460 tons), Unite

99,290 tons (140,425 tons) and Pakistan at 30,800 tons (8,000 tons) and. Values in brackets are

figures of corresponding period last month.

• (17 May 2019)Crude Palm oil import scenario

CPO Imports fell 19.24 percent y

2018. Imports in oil year 2018

o-y at 33.06 lakh tons compared to

corresponding period last oil year.

• (17 May 2019)RBD palmolein import scenario

13.87 percent to 2.38 lakh tons from

(November 2019-April 2019) were reported higher by 2

compared to 9.80 lakh tons in corresponding period last oil year.

• (6 May 2019)-Depreciation of Ringgit and rise in crude oil prices will

further to rise.Palm oil production is expected to rise in Malaysia in

However, production is expected to fall in Indonesia due to lean production season. Palm oil

production will rise to 20 MMT in Malaysi

maturing plants. Palm oil production will rise in Indonesia in 2019 by 10 percent to 44 MMT on

maturing plants. Palm oil exports rose from Malaysia in

China. Palm oil exports to India rose due to lower import duty differential between CPO and RBD

palmolein especially from Malaysia, positive refining margins and demand at lower levels. China

is purchased more palm oil as it is importing lower amount of soybean due to

diversification of protein sources in the country. This has led to lower supply if soy oil leading to

higher imports of palm oil. Ringgit has depreciated below 4.1

palm oil compared to competitive oils.Rise i

support palm oil prices.

• (6 May 2019)-Malaysia intends to keep crude palm oil export duty unchanged at zero until

December in an effort to reduce high stocks of palm oil in the country, according to trad

minister of Malaysia. Malaysia is grappling with high stocks and low prices. Lower prices are

hitting margins and will ultimately lead to lower production in longer run. Plantations are

bleeding with low prices of palm oil. Followed by this step, Malaysi

biodiesel output to recede increasing high palm oil stocks.

Daily Price

No significant updates today.

ecent Developments that are still Influencing Markets:

According to cargo surveyor SocieteGenerale de Surveillance (SGS), Malaysia’s

20 palm oil exports rose 5.6 percent to 992,313 tons compared to 939,657

corresponding period last month. Top buyers were European Union 255556 tons (144,135 tons),

India at 258,966 tons (262460 tons), United States at 105,220 tons (23,316 tons), China at

99,290 tons (140,425 tons) and Pakistan at 30,800 tons (8,000 tons) and. Values in brackets are

figures of corresponding period last month.

Crude Palm oil import scenario- According to Solvent Extractors Association (SEA),

percent y-o-y in Apr 2019 to 4.49 lakh tons from 5.56

. Imports in oil year 2018-19 (November 2018-Apr 2019) were reported marginally lower y

lakh tons compared to 35.35 lakh tons in last oil year, lower by 6.47

corresponding period last oil year.

RBD palmolein import scenario- RBD palmolein imports rose y

lakh tons from 2.09 lakh tons in April 2018. Imports in oil year 2018

2019) were reported higher by 22.34 percent y-o-y at

lakh tons in corresponding period last oil year.

epreciation of Ringgit and rise in crude oil prices will support Palm oil prices

Palm oil production is expected to rise in Malaysia in May as demand perspective.

However, production is expected to fall in Indonesia due to lean production season. Palm oil

production will rise to 20 MMT in Malaysia in 2019 from earlier estimate of 19.5 MMT on higher

maturing plants. Palm oil production will rise in Indonesia in 2019 by 10 percent to 44 MMT on

maturing plants. Palm oil exports rose from Malaysia in May due to firm demand from India and

il exports to India rose due to lower import duty differential between CPO and RBD

palmolein especially from Malaysia, positive refining margins and demand at lower levels. China

is purchased more palm oil as it is importing lower amount of soybean due to

diversification of protein sources in the country. This has led to lower supply if soy oil leading to

higher imports of palm oil. Ringgit has depreciated below 4.17/USD leading to higher demand of

palm oil compared to competitive oils.Rise in crude oil due to OPEC supply cuts is expected to

Malaysia intends to keep crude palm oil export duty unchanged at zero until

December in an effort to reduce high stocks of palm oil in the country, according to trad

minister of Malaysia. Malaysia is grappling with high stocks and low prices. Lower prices are

hitting margins and will ultimately lead to lower production in longer run. Plantations are

bleeding with low prices of palm oil. Followed by this step, Malaysia intends to increase its

biodiesel output to recede increasing high palm oil stocks.

Daily Price Monitoring Report

24th May, 2019

de Surveillance (SGS), Malaysia’s

20 palm oil exports rose 5.6 percent to 992,313 tons compared to 939,657 tons in

corresponding period last month. Top buyers were European Union 255556 tons (144,135 tons),

d States at 105,220 tons (23,316 tons), China at

99,290 tons (140,425 tons) and Pakistan at 30,800 tons (8,000 tons) and. Values in brackets are

xtractors Association (SEA),

56 lakh tons in April

2019) were reported marginally lower y-

6.47 percent in the

RBD palmolein imports rose y-o-y in April by

ts in oil year 2018-19

y at 11.99 lakh tons

support Palm oil prices

demand perspective.

However, production is expected to fall in Indonesia due to lean production season. Palm oil

a in 2019 from earlier estimate of 19.5 MMT on higher

maturing plants. Palm oil production will rise in Indonesia in 2019 by 10 percent to 44 MMT on

due to firm demand from India and

il exports to India rose due to lower import duty differential between CPO and RBD

palmolein especially from Malaysia, positive refining margins and demand at lower levels. China

is purchased more palm oil as it is importing lower amount of soybean due to swine flu and

diversification of protein sources in the country. This has led to lower supply if soy oil leading to

/USD leading to higher demand of

n crude oil due to OPEC supply cuts is expected to

Malaysia intends to keep crude palm oil export duty unchanged at zero until

December in an effort to reduce high stocks of palm oil in the country, according to trade

minister of Malaysia. Malaysia is grappling with high stocks and low prices. Lower prices are

hitting margins and will ultimately lead to lower production in longer run. Plantations are

a intends to increase its

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• (29 Apr 2019)-According to Indonesia trade ministry, Indonesia kept May crude palm oil export

duty unchanged at zero. The reference price is set at USD 573.31 per ton, m

lower threshold for export duty. Indonesia has kept crude palm oil export duty at zero since May

2017.

• (10 Apr 2019)-According to Malaysia Palm Oil Board (MPOB), Malaysia’s March palm oil stocks

fell 4.64 percent to 29.17 lakh tons compare

palm oil in March rose 8.25 percent to 16.72 lakh tons compared to 15.45 lakh tons in Feb 2019.

Exports of palm oil in March rose 22.37 percent to 16.18 lakh tons compared to 13.22 lakh tons

in Feb 2019. Imports of palm oil in Mar rose 39.21 percent to 1.31 lakh tons compared to 0.94

lakh tons in Feb 2019. End stocks of palm oil fell less than trade expectation on higher rise in

prodcution. Fall in end stocks was primarily due to rise in exports.

• (3 Apr 2019)-According to Indonesia Palm Oil Association (GAPKI), exports of palm oil (CPO and

PKO) from Indonesia rose 16.7 percent in Feb y

Exports of palm oil (CPO and PKO) were fell 10.6 m

2019 at 3.10 MMT. Stocks of palm oil in Feb 2019 fell to 2.5 MMT from 3.02 MMT in Jan, down

17 percent m-o-m.

Prices:

Palm Oil Prices (In Rs./ 10 Kg)

State/District Market

Crude Palm Oil (FFA 5%)

Gujarat Kandla

Andhra Pradesh Krishnapatnam

RBD Palmolein

Gujarat Kandla

Andhra Pradesh Kakinada

Andhra Pradesh Krishnapatnam

Palm Oil at MCX

Contract Open High

30-Jun-19 515.00 516.70

31-Jul-19 516.30 519.00

31-Aug-19 520.00 522.60

As on 23-May-2019 at 9 pm

Daily Price

According to Indonesia trade ministry, Indonesia kept May crude palm oil export

duty unchanged at zero. The reference price is set at USD 573.31 per ton, m

lower threshold for export duty. Indonesia has kept crude palm oil export duty at zero since May

According to Malaysia Palm Oil Board (MPOB), Malaysia’s March palm oil stocks

fell 4.64 percent to 29.17 lakh tons compared to 30.59 lakh tons in February 2019. Production of

palm oil in March rose 8.25 percent to 16.72 lakh tons compared to 15.45 lakh tons in Feb 2019.

Exports of palm oil in March rose 22.37 percent to 16.18 lakh tons compared to 13.22 lakh tons

Imports of palm oil in Mar rose 39.21 percent to 1.31 lakh tons compared to 0.94

lakh tons in Feb 2019. End stocks of palm oil fell less than trade expectation on higher rise in

prodcution. Fall in end stocks was primarily due to rise in exports.

According to Indonesia Palm Oil Association (GAPKI), exports of palm oil (CPO and

PKO) from Indonesia rose 16.7 percent in Feb y-o-y to 2.77 MMT from 2.37 MMT in Feb 2018.

Exports of palm oil (CPO and PKO) were fell 10.6 m-o-m in Feb at 2.77 MMT comp

2019 at 3.10 MMT. Stocks of palm oil in Feb 2019 fell to 2.5 MMT from 3.02 MMT in Jan, down

Market 23May 2019 22May 2019 Change

Kandla 517 525 -8

Krishnapatnam 490 500 -10

Kandla 585 588 -3

Kakinada 585 588 -3

Krishnapatnam 575 580 -5

*Difference between current and previous day’s prices.

High Low Close Change Volume

(Lots)

516.70 513.60 514.40 -3.1 4

519.00 516.10 517.70 -2.5 112

522.60 520.60 521.60 -1.4 4

2019 at 9 pm

Daily Price Monitoring Report

24th May, 2019

According to Indonesia trade ministry, Indonesia kept May crude palm oil export

duty unchanged at zero. The reference price is set at USD 573.31 per ton, much lower than

lower threshold for export duty. Indonesia has kept crude palm oil export duty at zero since May

According to Malaysia Palm Oil Board (MPOB), Malaysia’s March palm oil stocks

d to 30.59 lakh tons in February 2019. Production of

palm oil in March rose 8.25 percent to 16.72 lakh tons compared to 15.45 lakh tons in Feb 2019.

Exports of palm oil in March rose 22.37 percent to 16.18 lakh tons compared to 13.22 lakh tons

Imports of palm oil in Mar rose 39.21 percent to 1.31 lakh tons compared to 0.94

lakh tons in Feb 2019. End stocks of palm oil fell less than trade expectation on higher rise in

According to Indonesia Palm Oil Association (GAPKI), exports of palm oil (CPO and

y to 2.77 MMT from 2.37 MMT in Feb 2018.

m in Feb at 2.77 MMT compared to Jan

2019 at 3.10 MMT. Stocks of palm oil in Feb 2019 fell to 2.5 MMT from 3.02 MMT in Jan, down

Change Source

Agriwatch

Agriwatch

Agriwatch

Agriwatch

Agriwatch

*Difference between current and previous day’s prices.

Volume

Lots) O. Int

2

400

2

2019 at 9 pm Rs/Quintal

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Sunflower oil

Today’s Developments:

• No significant development

Recent Developments that are still Influencing Markets:

• (18 May 2019) Sunflower oil imports scenario

(SEA),Sunflower oil imports declined 17.68 percent y

2.94 lakh tons in April 2018. Imports in oil year 2018

reported higher by 1.82 percent y

year.

• (2 May 2019)-Sunflower oil premium over soy oil in C

from $28 per ton last week and premium in domestic markets ha

Rs 5 per 10 kg from last week.

to Rs 160 per 10 kg Rs 135

higher on firm demand and parity in imports. High premium over palm oil will cap gains in

prices.

• (12 Apr 2019)-Sunflower oil premium over soy oil in C

from $40 per ton last week and premium in domestic markets ha

unchanged from last week.

to Rs 135 per 10 kg Rs 150

lower on weak demand and disparity in imports. High premium over palm oil will underpin

prices.

• (10 Apr 2019)-According to United States Department of Agriculture (USDA) April estimate,

India’s 2018/19 sunflower oil import estimate

tons in its earlier estimate, higher by 9 percent. Sunflower oil consumption have been raised to

26 lakh tons from 23 lakh tons in its earlier estimate, higher by 13 percent.

• (29 Mar 2019)-Across board weakne

CNF also showed weakness but at a lower rate. Import demand of sunflower oil is expected to

fall due to high sunflower oil premium over palm oil. Stocks of sunflower oil fell at ports

flat imports indicating destocking at ports will increase import demand.

over soy oil is expected to increase demand in increase import demand. Further weakness in

sunflower oil is expected in coming weeks.

Prices:

Sunflower Oil Prices (In Rs./ 10 Kg)

State/District Market

Tamil Nadu Chennai

Andhra Pradesh Krishnapatnam

Andhra Pradesh Kakinada

Daily Price

No significant development today.

Recent Developments that are still Influencing Markets:

Sunflower oil imports scenario- According to Solvent Extractors Association

(SEA),Sunflower oil imports declined 17.68 percent y-o-y in April 2019 to 2.42 lakh tons from

tons in April 2018. Imports in oil year 2018-19 (November 2018

reported higher by 1.82 percent y-o-y at 13.42 lakh tons compared to 13.18 lakh tons in last oil

Sunflower oil premium over soy oil in CNF markets have increased to $59 per ton

per ton last week and premium in domestic markets have reached to 5 per 10 kg, up

Rs 5 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has increased

to Rs 160 per 10 kg Rs 135 per 10 kg last week. Prices of sunflower oil are estimated to trade

higher on firm demand and parity in imports. High premium over palm oil will cap gains in

Sunflower oil premium over soy oil in CNF markets have decreased to $28 pe

per ton last week and premium in domestic markets have reached to 0 per 10 kg

unchanged from last week. Also, premium of sunflower oil over RBD palmolein has decre

to Rs 135 per 10 kg Rs 150 per 10 kg last week. Prices of sunflower oil are estimated to trade

lower on weak demand and disparity in imports. High premium over palm oil will underpin

According to United States Department of Agriculture (USDA) April estimate,

India’s 2018/19 sunflower oil import estimate have been raised to 24 lakh tons from 22 lakh

tons in its earlier estimate, higher by 9 percent. Sunflower oil consumption have been raised to

26 lakh tons from 23 lakh tons in its earlier estimate, higher by 13 percent.

Across board weakness is seen in sunflower cash markets in March. Sunflower oil

CNF also showed weakness but at a lower rate. Import demand of sunflower oil is expected to

fall due to high sunflower oil premium over palm oil. Stocks of sunflower oil fell at ports

indicating destocking at ports will increase import demand. Low premium of sun oil

over soy oil is expected to increase demand in increase import demand. Further weakness in

sunflower oil is expected in coming weeks.

Sunflower Oil Prices (In Rs./ 10 Kg)

Market 23May 2019 22 May 2019 Change

Chennai 770 775 -5

Krishnapatnam 760 760 Unch

Kakinada 760 760 Unch

*Difference between current and previous day’s prices.

Daily Price Monitoring Report

24th May, 2019

According to Solvent Extractors Association

y in April 2019 to 2.42 lakh tons from

19 (November 2018-Apr 2019) were

y at 13.42 lakh tons compared to 13.18 lakh tons in last oil

sed to $59 per ton

ve reached to 5 per 10 kg, up

oil over RBD palmolein has increased

of sunflower oil are estimated to trade

higher on firm demand and parity in imports. High premium over palm oil will cap gains in

NF markets have decreased to $28 per ton

ve reached to 0 per 10 kg

Also, premium of sunflower oil over RBD palmolein has decreased

are estimated to trade

lower on weak demand and disparity in imports. High premium over palm oil will underpin

According to United States Department of Agriculture (USDA) April estimate,

have been raised to 24 lakh tons from 22 lakh

tons in its earlier estimate, higher by 9 percent. Sunflower oil consumption have been raised to

ss is seen in sunflower cash markets in March. Sunflower oil

CNF also showed weakness but at a lower rate. Import demand of sunflower oil is expected to

fall due to high sunflower oil premium over palm oil. Stocks of sunflower oil fell at ports despite

Low premium of sun oil

over soy oil is expected to increase demand in increase import demand. Further weakness in

Change Source

Agriwatch

Unch Agriwatch

Unch Agriwatch

between current and previous day’s prices.

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Groundnut oil

Today’s Developments

• No significant updates today.

Recent Developments that are still Influencing Markets:

• (15 May 2019)In Andhra Pradesh groundnut oil prices are remain on higher side due to firm

demand as demand season has arrived when high pickle and other value

demand increases. Prices are almost high in all the key states of India followed by good miller

and retailers demand. Less availability of groundnut seeds is supporting prices to rise.

• (19 Apr2019)-Groundnut oil prices are supported by firm demand. Retail demand improved due

to stability in groundnut oil prices. Prices of groundnut oil will be cap

season is over. Higher premium groundnut oil over sunflower oil and palm oil will cap gains in

groundnut oil prices. In Andhra Pradesh groundnut oil prices are falling due to weak demand

against good stock position and pressure on prices

• (25 Mar2019)-Groundnut oil prices are supported by firm demand. Demand firmed due to

demand at lower levels. Retail demand improved due to stability in groundnut oil prices. Prices

of groundnut oil will be capped as peak deman

groundnut by NAFED will keep prices moderate. Higher premium groundnut oil over sunflower

oil and palm oil will cap gains in groundnut oil prices. In Andhra Pradesh groundnut oil prices are

falling due to weak demand against good stock position and pressure on prices due to harvest of

groundnut.

• (12 Mar2019)-Groundnut oil prices increased on improved demand. However, Groundnut oil

prices will remain under pressure further due to high stocks of groundnut with N

exports of groundnut are weak and it is diverted towards crushing thereby increasing supply of

groundnut oil. There is parity in crush of groundnut for old crop. Groundnut oil is underpinned

by fall in prices of palm oil.

Prices:

Groundnut Oil Prices (In Rs. / 10Kg)

State/District Market

Gujarat Rajkot

Telangana Hyderabad

Tamil Nadu Chennai

Daily Price

No significant updates today.

Recent Developments that are still Influencing Markets:

In Andhra Pradesh groundnut oil prices are remain on higher side due to firm

demand as demand season has arrived when high pickle and other value

demand increases. Prices are almost high in all the key states of India followed by good miller

and retailers demand. Less availability of groundnut seeds is supporting prices to rise.

Groundnut oil prices are supported by firm demand. Retail demand improved due

to stability in groundnut oil prices. Prices of groundnut oil will be capped as peak demand

season is over. Higher premium groundnut oil over sunflower oil and palm oil will cap gains in

groundnut oil prices. In Andhra Pradesh groundnut oil prices are falling due to weak demand

against good stock position and pressure on prices due to harvest of groundnut.

Groundnut oil prices are supported by firm demand. Demand firmed due to

demand at lower levels. Retail demand improved due to stability in groundnut oil prices. Prices

of groundnut oil will be capped as peak demand season is over. Higher unloading of stocks of

groundnut by NAFED will keep prices moderate. Higher premium groundnut oil over sunflower

oil and palm oil will cap gains in groundnut oil prices. In Andhra Pradesh groundnut oil prices are

k demand against good stock position and pressure on prices due to harvest of

Groundnut oil prices increased on improved demand. However, Groundnut oil

prices will remain under pressure further due to high stocks of groundnut with N

exports of groundnut are weak and it is diverted towards crushing thereby increasing supply of

groundnut oil. There is parity in crush of groundnut for old crop. Groundnut oil is underpinned

by fall in prices of palm oil.

10Kg)

23May 2019 22 May 2019 Change

1000 1030 -30

1100 1100 Unch

1050 1080 -30

*Difference between current and previous day’s prices.

Daily Price Monitoring Report

24th May, 2019

In Andhra Pradesh groundnut oil prices are remain on higher side due to firm

demand as demand season has arrived when high pickle and other value-added products

demand increases. Prices are almost high in all the key states of India followed by good miller’s

and retailers demand. Less availability of groundnut seeds is supporting prices to rise.

Groundnut oil prices are supported by firm demand. Retail demand improved due

ped as peak demand

season is over. Higher premium groundnut oil over sunflower oil and palm oil will cap gains in

groundnut oil prices. In Andhra Pradesh groundnut oil prices are falling due to weak demand

due to harvest of groundnut.

Groundnut oil prices are supported by firm demand. Demand firmed due to

demand at lower levels. Retail demand improved due to stability in groundnut oil prices. Prices

d season is over. Higher unloading of stocks of

groundnut by NAFED will keep prices moderate. Higher premium groundnut oil over sunflower

oil and palm oil will cap gains in groundnut oil prices. In Andhra Pradesh groundnut oil prices are

k demand against good stock position and pressure on prices due to harvest of

Groundnut oil prices increased on improved demand. However, Groundnut oil

prices will remain under pressure further due to high stocks of groundnut with NAFED.Also,

exports of groundnut are weak and it is diverted towards crushing thereby increasing supply of

groundnut oil. There is parity in crush of groundnut for old crop. Groundnut oil is underpinned

Source

Agriwatch

Agriwatch

Agriwatch

and previous day’s prices.

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Rice

Today’s Developments: Bangladesh Government has fixed import duty on rice by doubling the present level of 28 percent to 55

percent now, considering the country's excellent domestic production of paddy. In

government circular was issued on May 22. As a result, the prospect of importing rice from India,

especially outside of Bangladesh, has diminished. In the statutory regulatory order issued by the

National Revenue Board, it has been said t

effect. The Chairman of the Board said that the import duty was reviewed according to the directions of

the Prime Minister and it was decided to increase rate of interest to ensure the safety of th

indigenous farmers.

Recent Developments that are still influencing the Markets:

• (20 May 2019)The Telangana Civil Supply Department (TCSD) has so far procured 68 lakh tons of

paddy. Having more purchases made the problem of paddy storage. TC

23 lakh tons of rice for storage, FCI agreed to buy 3.44 lakh tons of raw rice from Telangana rice

millers yesterday.

• (20 May 2019)Egypt has issued tender for purchase of Indian, Chinese and Vietnamese

international markets, whose shipment will be from July 25 to August 20

• (20 May 2019)Better export demand has been made in rice, which has made one

in the market. Basmati rice prices have increased by 10% due to export demand. There is a

growing trend in rice prices along with rice prices. During the last 8

basmati rice have increased by 10 per cent and exports have increased by 22 per cent. During

the current financial year, the export of basmati rice increased by 8.85 per cent. Basmati 1121

paddy has reached the price of NarelaMandi at 4450/4500 wh

per quintal with the cultivator inward. Prices of 1121 Sela have reached Rs 7800/8000 per

quintal. During last 8-10 days rice prices have risen to Rs 700/800.

• (19 May 2019)The Maharashtra government has set up State Agricul

a new agri export policy of the state, which aims to increase the export of rice and fruits.

• (17 May 2019)In Tamilnadu, r

States and the resultant increase in prices

at Rs.1, 200, is now priced at

• (17 May 2019)Under the FCI OMSS scheme, on May 15, 25,000 metric tonnes of rice from

Karnataka was sold at a price of Rs 2,785 per quintal.

• (16 May 2019)West Bengal's rice industry was suffering losses due to lower demand and due to

imposing duty on rice imports by Ba

exports from West Bengal. Last year, Bangladesh imposed 28% duty on rice imports from India.

Because of which non-basmati rice exports came down heavily for Bangladesh. Because of this,

there was tremendous decline in rice exports between April and February. From April 1, 2018 to

February 2019, only 4.25 lakh tons of rice was exported from India compared to 70 lakh tons in

the same period last year.

• (14 May 2019)Foreign Minister Shah Mehmood

Pakistani Basmati rice. Qatar had

conditions was that the Basmati rice should be Indian. The foreign minister revealed that Qatar

has banned Pakistani Basmat

matter with Qatar. Qatar annually imports 200,000 tonnes of rice. Qatar had recently agreed to

Daily Price

Bangladesh Government has fixed import duty on rice by doubling the present level of 28 percent to 55

percent now, considering the country's excellent domestic production of paddy. In

government circular was issued on May 22. As a result, the prospect of importing rice from India,

especially outside of Bangladesh, has diminished. In the statutory regulatory order issued by the

National Revenue Board, it has been said that the new import duty has come into force with immediate

effect. The Chairman of the Board said that the import duty was reviewed according to the directions of

the Prime Minister and it was decided to increase rate of interest to ensure the safety of th

Recent Developments that are still influencing the Markets:

The Telangana Civil Supply Department (TCSD) has so far procured 68 lakh tons of

paddy. Having more purchases made the problem of paddy storage. TCSD wants FCI to provide

23 lakh tons of rice for storage, FCI agreed to buy 3.44 lakh tons of raw rice from Telangana rice

Egypt has issued tender for purchase of Indian, Chinese and Vietnamese

hose shipment will be from July 25 to August 20

Better export demand has been made in rice, which has made one

in the market. Basmati rice prices have increased by 10% due to export demand. There is a

growing trend in rice prices along with rice prices. During the last 8-10 days, domestic p

basmati rice have increased by 10 per cent and exports have increased by 22 per cent. During

the current financial year, the export of basmati rice increased by 8.85 per cent. Basmati 1121

paddy has reached the price of NarelaMandi at 4450/4500 while the price was Rs.3300

per quintal with the cultivator inward. Prices of 1121 Sela have reached Rs 7800/8000 per

10 days rice prices have risen to Rs 700/800.

The Maharashtra government has set up State Agriculture Committee to create

policy of the state, which aims to increase the export of rice and fruits.

In Tamilnadu, rice millers are worried about a drop in paddy arrivals from other

States and the resultant increase in prices of paddy this season. A 75-kg bag of paddy that sold

1, 200, is now priced at Rs.1,400, which also finds reflection in rice prices.

Under the FCI OMSS scheme, on May 15, 25,000 metric tonnes of rice from

Karnataka was sold at a price of Rs 2,785 per quintal.

West Bengal's rice industry was suffering losses due to lower demand and due to

imposing duty on rice imports by Bangladesh; there was a possibility of further reduction in rice

exports from West Bengal. Last year, Bangladesh imposed 28% duty on rice imports from India.

basmati rice exports came down heavily for Bangladesh. Because of this,

as tremendous decline in rice exports between April and February. From April 1, 2018 to

February 2019, only 4.25 lakh tons of rice was exported from India compared to 70 lakh tons in

Foreign Minister Shah Mehmood Qureshi has said that Qatar has banned

Pakistani Basmati rice. Qatar had put some conditions for importing Basmati rice. One of the

conditions was that the Basmati rice should be Indian. The foreign minister revealed that Qatar

has banned Pakistani Basmati rice. He said that the Pakistani government has already raised the

matter with Qatar. Qatar annually imports 200,000 tonnes of rice. Qatar had recently agreed to

Daily Price Monitoring Report

24th May, 2019

Bangladesh Government has fixed import duty on rice by doubling the present level of 28 percent to 55

percent now, considering the country's excellent domestic production of paddy. In this connection a

government circular was issued on May 22. As a result, the prospect of importing rice from India,

especially outside of Bangladesh, has diminished. In the statutory regulatory order issued by the

hat the new import duty has come into force with immediate

effect. The Chairman of the Board said that the import duty was reviewed according to the directions of

the Prime Minister and it was decided to increase rate of interest to ensure the safety of the interests of

The Telangana Civil Supply Department (TCSD) has so far procured 68 lakh tons of

SD wants FCI to provide

23 lakh tons of rice for storage, FCI agreed to buy 3.44 lakh tons of raw rice from Telangana rice

Egypt has issued tender for purchase of Indian, Chinese and Vietnamese rice in

Better export demand has been made in rice, which has made one-way increase

in the market. Basmati rice prices have increased by 10% due to export demand. There is a

10 days, domestic prices of

basmati rice have increased by 10 per cent and exports have increased by 22 per cent. During

the current financial year, the export of basmati rice increased by 8.85 per cent. Basmati 1121

ile the price was Rs.3300 -3600

per quintal with the cultivator inward. Prices of 1121 Sela have reached Rs 7800/8000 per

ture Committee to create

policy of the state, which aims to increase the export of rice and fruits.

ice millers are worried about a drop in paddy arrivals from other

kg bag of paddy that sold

1,400, which also finds reflection in rice prices.

Under the FCI OMSS scheme, on May 15, 25,000 metric tonnes of rice from

West Bengal's rice industry was suffering losses due to lower demand and due to

ngladesh; there was a possibility of further reduction in rice

exports from West Bengal. Last year, Bangladesh imposed 28% duty on rice imports from India.

basmati rice exports came down heavily for Bangladesh. Because of this,

as tremendous decline in rice exports between April and February. From April 1, 2018 to

February 2019, only 4.25 lakh tons of rice was exported from India compared to 70 lakh tons in

Qureshi has said that Qatar has banned

put some conditions for importing Basmati rice. One of the

conditions was that the Basmati rice should be Indian. The foreign minister revealed that Qatar

i rice. He said that the Pakistani government has already raised the

matter with Qatar. Qatar annually imports 200,000 tonnes of rice. Qatar had recently agreed to

Page 23: AP Daily Commodities Outlook Report 2019-05-24 Agriculture Rep… · Daily Price Monitoring Report 24 th May 2019 th June, delayed by almost a week. p to Rs 4775-4800 in Delhi while

include Pakistani rice in the tender documents of the Central Tendering Committee which fall

directly under the purview of Qatar’s Ministry of Economy and Commerce.

Prices & Arrivals

State/

District Market Variety

CHHATTIS

GARH BALOD

PADDY-SWARNA

MASOORI

CHHATTIS

GARH

BHATAPAR

A PADDY-HMT

CHHATTIS

GARH BALOD PADDY 1001

TELANGA

NA

BADEPALL

Y Paddy RNR

TELANGA

NA

MAHBUBN

AGAR RNR

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company daccuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This documebe construed as, an offer to sell or solicitation to buy any commodities. This document mpart, by any recipient hereof for any purpose without prior permission from the Company. IASL and its affiliates and/or theiremployees may have positions in any commodities mentioned in this document (or in any related investment) and may from time to time add to or dispose of any such commodities (or investment). Please see the detailed disclaimer at © 2019 Indian Agribusiness Systems Ltd

Daily Price

include Pakistani rice in the tender documents of the Central Tendering Committee which fall

directly under the purview of Qatar’s Ministry of Economy and Commerce.

Rice

Modal Price (Rs /Qtl) Chang

e

Arrivals (Qtl)

23-May-

19 22-May-19 23-May-19

1450 1500 -50 34

2155 2100 55 55

1525 1600 -75 179

1880 1910 -30 53

1780 1920 -140 15

Disclaimer

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company daccuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This documebe construed as, an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company. IASL and its affiliates and/or their

ties mentioned in this document (or in any related investment) and may from time to time add to or dispose of any such commodities (or investment). Please see the detailed disclaimer at © 2019 Indian Agribusiness Systems Ltd

Daily Price Monitoring Report

24th May, 2019

include Pakistani rice in the tender documents of the Central Tendering Committee which falls

Chan

ge

Sour

ce 22-May-

19

22 12 E-

nam

5 50 E-

nam

120 59 E-

nam

25 28 E-

nam

21 -6 E-

nam

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This document is not, and should not

ay not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company. IASL and its affiliates and/or their officers, directors and

ties mentioned in this document (or in any related investment) and may from time to time add to or dispose of any such commodities (or investment). Please see the detailed disclaimer at © 2019 Indian Agribusiness Systems Ltd.