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