ap daily commodities outlook report 2018-12-21...today’s developments: • ncdex has increased...

Pulses Today’s Developments:

• NCDEX has increased agro-commodity trading timing from 9am to 6pm by issuing a

for Other commodities like crude palm oil, cotton, soy oil and sugar would be 9am to 9pm .The new timing

will be effective from 31st December

• Chana cash market traded up taking clue from firm futures. Stockists and millers

at lower price. Prices are expected to trade range bound this week. Nafed stock remains price affecting

factors despite lower size of the incoming crop.Chana in Delhi market may trade in the range of Rs 4500 to

Rs4700 per qtl.

Recent Developments that are still Influencing Markets:

• (20 Dec 2018) Likely decrease in Rabi pulses(

push cash market up in coming weeks.Nafed still have ample chana and tur stock from last season. Tur stock

is said to be around 3.5 to 4.5 lakh tonne with Nafed.Nafed is unlikely to sell tur stock in open market to

support cash turmarket.New crop started coming into market and procurement is expected by the end of this

month.

• (18 Dec 2018) Center may decide to stop illegal import of urad in containers and may challenge it in court.

• (14 Dec 2018)Rabi pulses area decreased by 9.32 % to 125.40 lak

14 Dec-2018.Chana area is running behind by 12.82 % to 83.71 lakh ha against 96.02 last year till date.

Farmers have covered 4.92 % lower area under lentil so far to15.18 ha against 15.97 lakh ha last year. Pea

area is lower by 4.90% to 8.06 lakh ha. Urad area is running behind by 11.17 % to 4.26 lakh ha against 4.79

lakh ha last year. However, moong area is running up by 8.28 % to 1.83 lakh ha against 1.69 lakh ha so far.

Overall area may decline further as fiel

• (10 Dec 2018)According to FCI officials, Nafed and FCI have started procurement only in a few selected

districts of Madhya Pradesh, Rajasthan, Gujarat, Maharashtra and Andhra Pradesh. I

soon start procurement of arhar/tur.Out Of the total procurement, 70% will be procured by Nafed and the

rest by FCI.

• (07 Dec 2018-)Cabinet has approved new agriculture export policy. Under this policy export ban on

and processed edible products has been removed.The commerce ministry has set export target of agri

products to $37 billion for next year.It is only $ 7 billion

to $60 billion.

• (06 Dec 2018) - Out of total pr

579868.77MT chana in MP and Rajasthan respectively from last year's crop. These two major states still have

1568430.52 & 522615.77 MT. It shows lower offtake in these major states. However,

in other states like AP,Telangana & Karnataka, where 25613.41 against 91943.41 MT,14758 against 50,000

MT &44787.76 MTagainst 134217.76 MT respectively are left now.In Mah,

is 150440.33,52005.13& 14062.24 MT

MT. So supply side is unlikely to be tight in next four

take place on 70 % duty,Chana wouldnot trade lower than 4450

level. So stake holders should release old stock before market touches 5000 level in Jan

• (03 Dec 2018) - Stock position of Urad

update FCI has only 16.13 MT Urad Available in Bodha

crop year is said to be 12950.65 MT in Karnataka and Telangana. In Karnataka it is 9946.75MT and 3003.9

MT in Telangana.Total stock of Tur &Urad in FCI go

Daily Price Monitoring Report

commodity trading timing from 9am to 6pm by issuing a circular. trading time


om 31st December-2018.

Chana cash market traded up taking clue from firm futures. Stockists and millers are unwilling to sell stock


r size of the incoming crop.Chana in Delhi market may trade in the range of Rs 4500 to


Likely decrease in Rabi pulses(chana,Masur and kharif tur) output due to lower ra



op started coming into market and procurement is expected by the end of this

Center may decide to stop illegal import of urad in containers and may challenge it in court.

Rabi pulses area decreased by 9.32 % to 125.40 lakh ha against 138.29 lakh ha last year as on

Chana area is running behind by 12.82 % to 83.71 lakh ha against 96.02 last year till date.


rea is lower by 4.90% to 8.06 lakh ha. Urad area is running behind by 11.17 % to 4.26 lakh ha against 4.79


Overall area may decline further as fields are facing moisture stress and it would impact final rabi crop size

According to FCI officials, Nafed and FCI have started procurement only in a few selected

districts of Madhya Pradesh, Rajasthan, Gujarat, Maharashtra and Andhra Pradesh. In Karnataka, FCI will


Cabinet has approved new agriculture export policy. Under this policy export ban on

ed edible products has been removed.The commerce ministry has set export target of agri

ext year.It is only $ 7 billion right now. In due course till 2022 it would be increased

Out of total procurement 2724051.17 MT, Nafed had procured 1581450.52&

77MT chana in MP and Rajasthan respectively from last year's crop. These two major states still have

1568430.52 & 522615.77 MT. It shows lower offtake in these major states. However, Offtake


MT &44787.76 MTagainst 134217.76 MT respectively are left now.In Mah, Guj& U.P chana stock with Nafed

is 150440.33,52005.13& 14062.24 MT now against procured quantity of 181507.34,90971.13 & 14062.24

MT. So supply side is unlikely to be tight in next four-five months. As crop size is lower and

take place on 70 % duty,Chana wouldnot trade lower than 4450-4500.At higher side it may touch Rs5000

level. So stake holders should release old stock before market touches 5000 level in Jan-2019

Stock position of Urad(KMS2016-17) with FCI is almost nil in AP/Telangana.As per

Urad Available in Bodhan PEG as on 28.11.2018.Besides Tur stock from same


MT in Telangana.Total stock of Tur &Urad in FCI go-downs is 12966.78 MT from KMS 2016

Price Monitoring Report

Dec 21th

2018

circular. trading time


are unwilling to sell stock


r size of the incoming crop.Chana in Delhi market may trade in the range of Rs 4500 to

) output due to lower rainfall may



op started coming into market and procurement is expected by the end of this

Center may decide to stop illegal import of urad in containers and may challenge it in court.

h ha against 138.29 lakh ha last year as on

Chana area is running behind by 12.82 % to 83.71 lakh ha against 96.02 last year till date.


rea is lower by 4.90% to 8.06 lakh ha. Urad area is running behind by 11.17 % to 4.26 lakh ha against 4.79


ds are facing moisture stress and it would impact final rabi crop size

According to FCI officials, Nafed and FCI have started procurement only in a few selected

n Karnataka, FCI will


Cabinet has approved new agriculture export policy. Under this policy export ban on organic

ed edible products has been removed.The commerce ministry has set export target of agri

right now. In due course till 2022 it would be increased

ocurement 2724051.17 MT, Nafed had procured 1581450.52&

77MT chana in MP and Rajasthan respectively from last year's crop. These two major states still have

Offtake status is better


chana stock with Nafed

now against procured quantity of 181507.34,90971.13 & 14062.24

As crop size is lower and import is unlikely to

side it may touch Rs5000

2019.

17) with FCI is almost nil in AP/Telangana.As per latest

Tur stock from same


MS 2016-17.

Price & Arrival:

State/District Market

Andhra Pradesh Guntur(Got

a Branded)

Andhra Pradesh Vijaywada

Tamil Nadu Villupuram

Tamil Nadu Chennai


Andhra Pradesh Yemmiganu

r

Andhra Pradesh Kurnool

Maharashtra Akola

Andhra Pradesh Vijayawada


Rajasthan Jodhpur

Karnataka Gulbarga

Madhya

Pradesh Harda



Black Gram

Modal Price

(Rs/Qtl)

Chang

e

Arrivals (Qtl)

Chang

20Dec

2018

19 Dec

2018

20De

c

2018

19

Dec

201

8

7400 7400 Unch NA NA

5200 5100 100 800 800 Unch

NA NA - NA NA

4200 4100 100 NA NA

Tur

Modal Price

(Rs/Qtl)

Chang

e

Arrivals (Qtl)

Chang

20Dec

2018

19 Dec

2018

20De

c

2018

19

Dec

201

8

NA NA - NA NA

NA NA - NA NA

4400 4350 50 50 70 -

4300 4250 50 NA NA

Moong

Modal Price

(Rs/Qtl)

Chang

e

Arrivals (Qtl)

Chang

20Dec

2018

19 Dec

2018

20De

c

2018

19

Dec

201

8

5252 5200 52 25 97 -

NA 4875 - NA 790

NA 4821 - NA 446

5200 5200 Unch 100 100 Unch


Dec 21th

2018

Chang

e Source

- Agriwatch

Unch Agriwatch

- Agmarkne

t

- Agriwatch

Chang

e Source

- eNAM

- eNAM

-20 eNAM

- Agriwatch

Chang

e Source

-72 eNAM

- Agmarkne

t

- Agmarkne

t

Unch Agriwatch

Price &Arrival:


Modal Price (Rs/Qtl)

Andhra Pradesh Kurnool

Andhra Pradesh Yemmiganur

Madhya Pradesh Indore

Rajasthan Bikaner

Chana at NCDEX

Contract Open

19-Jan 4452

19-Mar 4572

19-Apr 4574

As on 20- Dec- 2018 at 5pm


Chana


Change

Arrivals (Qtl)

Change 20Dec

2018

19 Dec

2018

20Dec

2018

19

Dec

2018

NA NA - NA NA

NA NA - NA NA

4400 4400 Unch 1000 1000 Unch

4287 NA - 100 NA

High Low Close Change

4520 4421 4520 68

4636 4543 4633 65

4625 4557 4625 40

2018 at 5pm


Dec 21th

2018

Change Source

- eNAM

- eNAM

Unch Agriwatch

- eNAM

Volume O.Int

39580 28240

13400 5660

1580 170

Rs/Quintal

Groundnut No Significant Developments

Current Developments:


• (19.12.2018) With the groundnut modal prices at Adoni bottoming out for the season the

downside potential remains limited and the tone of bullishness depends on the quantum of rabi

and summer groundnut arrivals in AP and crop performance in nearby states. Gujarat summer

crop is going to be one of the lowest and hence fresh supplies from rabi and summer seems to

be lower as of now.-

• (18.12.2018) The current cyclone Pethai has brought cop

parts of Karnataka, TN, AP and Telangana. Such rain is going to much benefit the prospects of

rabi groundnut sowing. However it is too early to say anything about the spring summer crop

which usually happens to be very neg

• (30.11.2018)-The state government of Gujarat after delay of almost a week has decided to

expedite the payment of dues to the groundnut farmers. The first instalment of Rs.167 crore will

be paid to the farmers in the next two days.

groundnuts worth Rs 198 crore from farmers but only Rs 1.

of purchase (November 15).

• (22.11.2018)-Exporters of groundnut have urged the Union government to provide 10%

incentive under the Merchandise Exports from India scheme (MEIS) to increase exports to China

and the European Union. Though China and European Union are the major markets for oilseeds,

India exports minimal quantities to these countries. China imported about 290,

groundnut in 2017-18 and India’s share was only 627 tonnes. Overall imports of groundnut by

European Union is about 8 lakh tonnes and India imports around 15,000 tonnes. India is facing

competition from African countries which has zero duty o

• (20.11.2018)-The Gujarat government will conduct groundnut procurement in coordination with

the National Agricultural Cooperative Marketing Federation of India Limited (Nafed). Earlier,

differences had surfaced after Nafed refused to pr

citing inadequate infrastructure with the State agencies. Nafed's concerns came after last year’s

reports of irregularities and malpractices at groundnut warehouses. As per the latest data, so far

8700 tonnes of groundnut worth Rs.43 crore has been procured from over 3700 farmers in the

State.

• (16.10.2018)-AP continues to receive limited rainfall even after the onset of NE Monsoon. There

is a storm churning in Bay of Bengal but is heading towards south Tamil Nadu.

limited chance of any persistent rainfall activity. Under such situation the rabi sowing is

expected to remain dismal with limited soil moisture level. Very poor performance of SW

monsoon has left with very poor soil moisture levels. La

witness good rains except one brief spell at the start of Nov.

• (09.10.2018)-Monsoon closed with 40% Deficit in Rayalseema which is lowest recorded in many

years. The spread of rains has been very erratic with only Chitt

the production is expected to very limited. Last year AP recorded excellent yields but this year

the yield is expected to only 1/3 of what it was realized last year. Harvesting is expected to

speed up in coming days and

Markfed is expected to start procurement on the behalf of NAFED in coming days.


No Significant Developments


With the groundnut modal prices at Adoni bottoming out for the season the


ummer groundnut arrivals in AP and crop performance in nearby states. Gujarat summer


The current cyclone Pethai has brought copious and widespread rains in many



which usually happens to be very negligible in these states.

The state government of Gujarat after delay of almost a week has decided to


be paid to the farmers in the next two days. The government had purchased 40,000 tonnes

rore from farmers but only Rs 1.22 crore has been paid since the date

of purchase (November 15).

Exporters of groundnut have urged the Union government to provide 10%

e under the Merchandise Exports from India scheme (MEIS) to increase exports to China


India exports minimal quantities to these countries. China imported about 290,

18 and India’s share was only 627 tonnes. Overall imports of groundnut by


competition from African countries which has zero duty on exports to China.

The Gujarat government will conduct groundnut procurement in coordination with


differences had surfaced after Nafed refused to procure groundnut and other agriculture crops



groundnut worth Rs.43 crore has been procured from over 3700 farmers in the

AP continues to receive limited rainfall even after the onset of NE Monsoon. There

is a storm churning in Bay of Bengal but is heading towards south Tamil Nadu.



monsoon has left with very poor soil moisture levels. Late sown groundnut crop also couldn’t

witness good rains except one brief spell at the start of Nov.

Monsoon closed with 40% Deficit in Rayalseema which is lowest recorded in many

years. The spread of rains has been very erratic with only Chittor getting some timely rains. Thus



speed up in coming days and govt is also pulling up their socks for season procurement. AP



Dec 21th

2018

With the groundnut modal prices at Adoni bottoming out for the season the


ummer groundnut arrivals in AP and crop performance in nearby states. Gujarat summer


ious and widespread rains in many



The state government of Gujarat after delay of almost a week has decided to


The government had purchased 40,000 tonnes

22 crore has been paid since the date

Exporters of groundnut have urged the Union government to provide 10%

e under the Merchandise Exports from India scheme (MEIS) to increase exports to China


India exports minimal quantities to these countries. China imported about 290,000 tonnes of

18 and India’s share was only 627 tonnes. Overall imports of groundnut by


The Gujarat government will conduct groundnut procurement in coordination with


ocure groundnut and other agriculture crops



groundnut worth Rs.43 crore has been procured from over 3700 farmers in the

AP continues to receive limited rainfall even after the onset of NE Monsoon. There

is a storm churning in Bay of Bengal but is heading towards south Tamil Nadu. Thus there is very



te sown groundnut crop also couldn’t

Monsoon closed with 40% Deficit in Rayalseema which is lowest recorded in many

or getting some timely rains. Thus



govt is also pulling up their socks for season procurement. AP


Price & Arrival:

State/District Market Variety


Andhra

Pradesh

Adoni

Dharmavaram Local

Gooti Local

Guntakal Local

Kadapa Local

Kadiri Local

Kalyandurg

Kurnool

Madakasira JL-24

Penukonda Local

Piler Local

Rayachoti Local

Srikalahasti Other

Tenakallu Local

Yemmiganur

Gujarat

Bhavnagar

Deesa

Jamnagar

Rajkot

Telangana

Nagarkurnool

Suryapeta

Tandur

Wanaparthy

Town


Groundnut


Change

Arrivals (Qtl)

Change20-Dec-18

19-

Dec-18

20-

Dec-

18

19-

Dec-

18

4289 NA - 79 NA

- - - - -

- - - - -

- - - - -

NA NA - NA NA

- - - - -

- - - - -

3930 3930 Unch 16 16 Unch

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

4280 4270 10 11 55 -

NA NA - NA NA

NA NA - NA NA

- - - - -

3200 4150 -950 21 115 -

NA NA - NA NA

2983 3123 -140 1 1 Unch

- - - - -

5149 5512 -363 14 10


Dec 21th

2018

Change Source

- NAM

- Agmarknet

- Agmarknet

- Agmarknet

- NAM

- Agmarknet

- Agmarknet

Unch NAM

- Agmarknet

- Agmarknet

- Agmarknet

- Agmarknet

- Agmarknet

- Agmarknet

-44 NAM

- NAM

- NAM

- NAM

-94 NAM

- NAM

Unch NAM

- NAM

4 NAM

Onion

Today’s Developments

• According to news sources Maharashtra Go

on the bulbs sold from November 1 till December 15 in the State in order to support distressed

onion growers.

• Kurnool market reported closed because of strike of the traders for the removal of the levy

charges borne by the traders.

Recent Developments that are still

• (20 December 2018) - State owned MSTC

less than Rs 6-8/kg in Nashik in a couple of days in order to support the fa

this Mother Dairy has assured 2o tons of onion daily which would be sold through its retail

outlets in Delhi NCR.

• (20 December 2018) - Onion market reported steady on Wednesday amid higher arrivals in

almost all the markets.

• (19 December 2018) - Onion prices are trading steady and expected to continue in same range

for next two weeks. Prices may start moving upward from January month because of lower late

kharif crop expectation in Maharashtra.

• (18 December 2018) - In Kurnool, prices

quintal in previous week during same time. Last year

during same time.

Price and Arrivals in Major Markets

State Market

Modal Wholesale Prices (Rs/Qtl)

20 Dec

2018

Gujarat Ahmedabad NA

Rajkot NA

Karnataka Bangalore 600

Belgaum NA

Madhya Pradesh Indore NA

Maharashtra Lasalgaon 250

Pune 800

Andhra Pradesh Kurnool NA

Rajasthan Jaipur NA

Telangana Hyderabad NA


According to news sources Maharashtra Government has decided to provide Rs 2 per kg subsidy


Kurnool market reported closed because of strike of the traders for the removal of the levy

arges borne by the traders.

Recent Developments that are still influencing the Market:

State owned MSTC would start reverse auction with a floor price of not

8/kg in Nashik in a couple of days in order to support the falling prices. In order


Onion market reported steady on Wednesday amid higher arrivals in

Onion prices are trading steady and expected to continue in same range


kharif crop expectation in Maharashtra.

In Kurnool, prices are trading near Rs490/ quintal compared to Rs

quintal in previous week during same time. Last year prices were trading near Rs3210


Onion

Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons

20 Dec

2018

19 Dec

2018 Change

20 Dec

2018

19 Dec

2018

NA - NA NA

425 - NA 300

600 600 Unch 2313 2926

NA - NA NA

600 - NA 2421

250 NA - 180 NA

800 800 Unch 1172 1018

NA - NA NA

750 - NA 505

NA - NA NA


Dec 21th

2018

vernment has decided to provide Rs 2 per kg subsidy


Kurnool market reported closed because of strike of the traders for the removal of the levy

would start reverse auction with a floor price of not

lling prices. In order


Onion market reported steady on Wednesday amid higher arrivals in

Onion prices are trading steady and expected to continue in same range


/ quintal compared to Rs450/

prices were trading near Rs3210/ quintal

vals in Tons

Source 19 Dec

2018 Change

NA - Agmarknet

300 - Agmarknet

2926 -613 Agmarknet

NA - Agmarknet

2421 - Agmarknet

NA - Agmarknet

1018 154 Agmarknet

NA - Agmarknet

505 - Agmarknet

NA - Agmarknet

Potato Today’s Development:

• Fresh crop is continuously coming in market from Punjab, U.P and Jharkhand and prices are

expected to trade on lower side

Developments that are still influencing the Markets:

• (19 December 2018) - In Gujarat, traders are expecting acreage to be similar to previous year

which was 1.16 lakh hectares. Fresh crop is expected to come in market from January month.

• (19 December 2018) - In U.P,

fresh potato from West Bengal is expected to come in market after 25

• (18 December 2018) - Prices are continuously dropping across the country because of arrival of

fresh crop from Punjab, U.P

• (18 December 2018) - In U.P, potato sowing is almost completed and traders are expecting

acreage to be 5% lower than previous year because farmers shifted to Mustard in few regions

and rains at later stage led to water logging in the fields

some regions. Last year total acreage was 6.10 lakh hectares.

• (17 December 2018) - In West Bengal, fresh crop is coming in market from Ranchi, Hazaribagh

and smaller quantity from U.P. Local fresh crop from West Bengal

after 25th December.

• (8 December 2018) -The Bengal government has ordered cold storage owners across

to store potatoes free of charge for the month of December, which is likely to preempt the

sudden abnormal spike in prices early next year.

Price and Arrivals at Major Markets

State Markets

Modal Wholesale Prices (Rs/Qtl)

20 Dec

2018

Gujarat Surat 750

Andhra Pradesh Palamaner 500

Karnataka Bangalore 1400

Belgaum NA

Madhya Pradesh Indore NA

Maharashtra Pune 1100

Delhi Delhi 338

Uttar Pradesh Agra 500


Fresh crop is continuously coming in market from Punjab, U.P and Jharkhand and prices are

trade on lower side with increase in arrivals in coming days.

e still influencing the Markets:

In Gujarat, traders are expecting acreage to be similar to previous year


In U.P, fresh crop or “KachhaAlloo” has started coming in market and

fresh potato from West Bengal is expected to come in market after 25th December.

Prices are continuously dropping across the country because of arrival of

, U.P and Jharkhand.

In U.P, potato sowing is almost completed and traders are expecting


and rains at later stage led to water logging in the fields because of which crop was not sown in

some regions. Last year total acreage was 6.10 lakh hectares.

In West Bengal, fresh crop is coming in market from Ranchi, Hazaribagh

and smaller quantity from U.P. Local fresh crop from West Bengal is expected to hit the market

The Bengal government has ordered cold storage owners across


n prices early next year.

Price and Arrivals at Major Markets

Potato

Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons

20 Dec

19 Dec

2018 Change

20 Dec

2018

19 Dec

2018

750 Unch 720 680

600 -100 2.7 2.2

1400 Unch 969 819

NA - NA NA

600 - NA 491

1500 -400 616 821

393 -55 1495 1270

510 -10 211 2252


Dec 21th

2018

Fresh crop is continuously coming in market from Punjab, U.P and Jharkhand and prices are

In Gujarat, traders are expecting acreage to be similar to previous year


has started coming in market and

December.

Prices are continuously dropping across the country because of arrival of

In U.P, potato sowing is almost completed and traders are expecting


because of which crop was not sown in

In West Bengal, fresh crop is coming in market from Ranchi, Hazaribagh

is expected to hit the market

The Bengal government has ordered cold storage owners across the state


Arrivals in Tons

Source 19 Dec

Change

40 Agmarknet

0.50 NAM

150 Agmarknet

- Agmarknet

- Agmarknet

-205 Agmarknet

225 Agmarknet

-2041 Agmarknet

Tomato Today’s Developments:

(No Significant developments today)

Developments that are still influencing the Market:

• (20 December 2018) - In Mad

because of lower arrivals from producing regions.

• (19 December 2018) - In Maharashtra, maximum arrivals are coming in market from Pimpalgaon

(Nashik). Arrivals are comparatively higher than l

• (19 December 2018) - Across the country tomato is coming in market from Himachal Pradesh,

Maharashtra, Rajasthan, Madhya Pradesh, Karnataka and A.P.

• (18 December 2018) -In Madanapalle, prices are trading near Rs500/ quintal

previous week Rs 650/ quintal.Last year prices were trading near Rs800/ quintal.

• (18 December 2018) -Coming months are crucial for tomato crop as most of the producing

regions (Maharashtra, Gujarat, M.P, Maharashtra) are deficit to large defic

rains during period 1st October to 16

acreage in producing regions in coming month and may push the prices upward.

• (17 December 2018) -In Andhra Pradesh, prices may increase in co

forecasted heavy to heavy rains in coastal Andhra Pradesh which may disrupt the supply.

• (14 December 2018) - In Andhra Pradesh, prices reported lower because of higher arrivals from

producing region.


State Markets

Modal Wholesale Prices (Rs/Qtl.)

20 Dec

2018

Andhra Pradesh

Mulakalacheruvu NA

Madanapalle 800

Kalikiri 550

Pattikonda 420

Gurramkonda 720

Karnataka Chintamani 520

Kolar 933

Maharashtra Pune 1000

Delhi Delhi 805

Telangana Bowenpally NA


(No Significant developments today)

Developments that are still influencing the Market:

In Madanapalle, modal price increased to Rs 1000/ quintal on Wednesday

because of lower arrivals from producing regions.

In Maharashtra, maximum arrivals are coming in market from Pimpalgaon

(Nashik). Arrivals are comparatively higher than last year during the week period.

Across the country tomato is coming in market from Himachal Pradesh,

Maharashtra, Rajasthan, Madhya Pradesh, Karnataka and A.P.

In Madanapalle, prices are trading near Rs500/ quintal


Coming months are crucial for tomato crop as most of the producing

regions (Maharashtra, Gujarat, M.P, Maharashtra) are deficit to large deficit (

October to 16thDecember which may result into lower yields and lower


In Andhra Pradesh, prices may increase in coming days because IMD has


In Andhra Pradesh, prices reported lower because of higher arrivals from

arkets

Tomato

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

20 Dec

2018

19 Dec

2018 Change

20 Dec

2018

19 Dec

2018

NA 350 - NA 62

800 1000 -200 28.6 18.3

550 600 -50 3.3 3.2

420 450 -30 4.1 3.4

720 640 80 5.7 7.5

520 NA - 105 NA

933 900 33 341 385

1000 1000 Unch 112 157

805 757 48 595.5 537.6

NA NA - NA NA


Dec 21th

2018

anapalle, modal price increased to Rs 1000/ quintal on Wednesday

In Maharashtra, maximum arrivals are coming in market from Pimpalgaon

ast year during the week period.

Across the country tomato is coming in market from Himachal Pradesh,

In Madanapalle, prices are trading near Rs500/ quintal compared to


Coming months are crucial for tomato crop as most of the producing

it (-99% to -75%) by

December which may result into lower yields and lower


ming days because IMD has


In Andhra Pradesh, prices reported lower because of higher arrivals from

Arrivals in Tons

Source 19 Dec

2018 Change

62 - Agmarknet

18.3 10.3 NAM

3.2 0.1 NAM

3.4 0.7 NAM

7.5 -1.8 NAM

NA - Agmarknet

385 -44 Agmarknet

157 -45 Agmarknet

537.6 57.9 Agmarknet

NA - Agmarknet

Turmeric Today’s Developments:

• (No significant developments today)


• Lower supply reported as Stockists were holding back their stocks an anticipation of assurance of

minimum support price Rs.7,000/

give MSP. This is causing temporary unavailability of material in trade a

supported. Traders also hopeful for Turmeric MSP as Lok Sabha election also coming next year.

• Deficit rainfall reported in Maharashtra Marathwada turmeric growing regions like Hingoli, Sangli,

Nanded, Basmat etc. affect Turmeric standing

• As per local trade information, standing crop likely to damage around 20% currently, if higher

temperature will continue next 15

deficit by -84% from 01-10-2018 to 19

area go up by 5 - 6%, as some new area has come up.

• Local traders are likely to become active in coming days at lower price levels as Maharashtra

production estimate reported lower as a result of drought condition and

reported lower.

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

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

production may go down further as Mahara

• As per Agriwatch’s estimate in Andhra Pradesh, acreage to rise by 8% from last year’s 15,941

hectares to 17,216 hectares due to increase in prices. Production is likely to rise from 57,335 MT

(basis dry crop) last year to 61,921 MT current year.

• In Andhra Pradesh, final Turmeric sowing reported 18,737 hectares as compared to 14,841

hectares in the corresponding period last year,

Prices & Arrivals

State Market Variety Modal Price (Rs/Qtl)

20-Dec

Andhra

Pradesh

Duggirala Finger 7050

Bulb 4125

Kadapa Finger 6400

Bulb 4799

Telangana

Nizamabad Finger 7375

Bulb 6725

Warangal Finger 7200

Round 7200

Tamil Nadu Erode Finger 6800

Bulb 6100


(No significant developments today)


ly reported as Stockists were holding back their stocks an anticipation of assurance of

minimum support price Rs.7,000/- qtl after state elections, elected Govt. TRS also promised to

give MSP. This is causing temporary unavailability of material in trade and keeping prices


rainfall reported in Maharashtra Marathwada turmeric growing regions like Hingoli, Sangli,

Nanded, Basmat etc. affect Turmeric standing crop.

As per local trade information, standing crop likely to damage around 20% currently, if higher

temperature will continue next 15 - 20 days damage percentage may go up to 30

2018 to 19-12-2018. Current year due to higher prices Turmeric sowing

6%, as some new area has come up.

Local traders are likely to become active in coming days at lower price levels as Maharashtra

production estimate reported lower as a result of drought condition and cold storage stocks

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


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

estimate in Andhra Pradesh, acreage to rise by 8% from last year’s 15,941


ast year to 61,921 MT current year.

Turmeric sowing reported 18,737 hectares as compared to 14,841

hectares in the corresponding period last year, 104% sowing completed from season normal.

Turmeric

Modal Price (Rs/Qtl) Change

Arrivals (Qtl)

Dec-18 19-Dec-18 20-Dec-18 19-Dec

7050 NA -- 125 NA

4125 NA --

6400 5482 918 53 53

4799 5926 -1127

7375 7407 -32 78 13

6725 6575 150

7200 7200 Unch NA 19

7200 7200 Unch

6800 6300 500 1515.6 829

6100 5900 200


Dec 21th

2018

ly reported as Stockists were holding back their stocks an anticipation of assurance of

qtl after state elections, elected Govt. TRS also promised to

nd keeping prices


rainfall reported in Maharashtra Marathwada turmeric growing regions like Hingoli, Sangli,

As per local trade information, standing crop likely to damage around 20% currently, if higher

may go up to 30 - 40%. Rainfall

due to higher prices Turmeric sowing

Local traders are likely to become active in coming days at lower price levels as Maharashtra

cold storage stocks

As per Agriwatch’s Second advance production estimate, Turmeric production for 2019-20 is


shtra standing crop is at very crucial stage.

estimate in Andhra Pradesh, acreage to rise by 8% from last year’s 15,941


Turmeric sowing reported 18,737 hectares as compared to 14,841

104% sowing completed from season normal.

Change Source

Dec-18

NA -- NAM

53 Unch NAM

13 65 NAM

19 -- Agriwatch

829 686.6 Agmarknet

NCDEX:

Contract Change Open

18 Dec -32.00 6200.00

19 Apr -102.00 6750.00

19 May -132.00 6660.00

As on 20th December 2018 at 5:00 pm Prices in Rs/quintal, Volumes and Open in


Turmeric at NCDEX

High Low Close

6260.00 6200.00 6260.00

6768.00 6638.00 6650

6660.00 6660.00 6660

2018 at 5:00 pm Prices in Rs/quintal, Volumes and Open in


Dec 21th

2018

Volume O.Int

20 30

2420 13715

10 135

2018 at 5:00 pm Prices in Rs/quintal, Volumes and Open interest in MT

Chilli Today’s Developments:

• (No significant developments today)


• In Andhra Pradesh, Chilli sowing for the Rabi season as of 19th Dec reported at 10,985 hectare as

compared to 11,463 hectare in the corresponding period last year. Normal area reported 25,950

hectare. Chilli transplantations

• Heavy rainfall reported in Guntur, Krishna etc. major chilli growing regions slightly affect Chilli

standing crop. As per trade sources, due to heavy rainfall affect percentage very negligible as dry

conditions reported in that regions

1-6-2018 to 12-12-2018 is recorded as 545.1 mm as against the Normal as on date of 840.6 mm

showing by Deficit – 35 percent. Districts like Vizianagaram, Visakhapatnam, East Godavari,

Krishna, Guntur, Prakasam, SPSR Nellore, Chittoor, YSR Kadapa, Anantapuram, Kurnool received

deficit by -20% to -59%). For matured ready to pick standing chilli crop may turn little black colour.

As soil was very dry, rain water likely to absorb, so not very concer

current rainfall likely to help chilli standing crop.

• In Andhra Pradesh, Chilli sowing for the Rabi season as of 12th Dec reported at 9,929 hectare as

compared to 10,255 hectare in the corresponding period last year. Normal

hectare. It is at vegetative stage. Chilli transplantations are under progress.

• Chilli prices likely to trade subdued as moisture content new crop arrivals started entering to

Guntur market and year ending. Normal quality new crop expe

• Exporters are expected to slow down in second half of December on account of Christmas and

New Year holidays.

• Standing crop condition reported weak in Maharashtra and Madhya Pradesh regions due to lower

rainfall. We expect supply from both states likely to end early by one month or one and half

month from normal supply will support chilli prices in coming days.

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

estimated at 12.00 lakh MT compared to earlier estimates of 12.45 lakh MT. Previous year’s

production was 10.50 lakh MT.

Prices & Arrivals

State Market Variety Modal Price (Rs/Qtl)

20-Dec

Andhra

Pradesh Guntur

Teja 9000

334 9000

Telangana Khammam Red NA

Warangal Talu NA


(No significant developments today)

are still Influencing Markets:

In Andhra Pradesh, Chilli sowing for the Rabi season as of 19th Dec reported at 10,985 hectare as


hectare. Chilli transplantations are under progress.

Heavy rainfall reported in Guntur, Krishna etc. major chilli growing regions slightly affect Chilli


conditions reported in that regions (Overall, the average rainfall received in Andhra Pradesh from

2018 is recorded as 545.1 mm as against the Normal as on date of 840.6 mm

35 percent. Districts like Vizianagaram, Visakhapatnam, East Godavari,

Guntur, Prakasam, SPSR Nellore, Chittoor, YSR Kadapa, Anantapuram, Kurnool received

59%). For matured ready to pick standing chilli crop may turn little black colour.

As soil was very dry, rain water likely to absorb, so not very concern about water logging. Overall,

current rainfall likely to help chilli standing crop.



hectare. It is at vegetative stage. Chilli transplantations are under progress.

Chilli prices likely to trade subdued as moisture content new crop arrivals started entering to

Guntur market and year ending. Normal quality new crop expected to arrive after 15th January.

Exporters are expected to slow down in second half of December on account of Christmas and

Standing crop condition reported weak in Maharashtra and Madhya Pradesh regions due to lower

t supply from both states likely to end early by one month or one and half

month from normal supply will support chilli prices in coming days.

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

kh MT compared to earlier estimates of 12.45 lakh MT. Previous year’s

production was 10.50 lakh MT.

Red Chilli

Modal Price (Rs/Qtl) Change

Arrivals (Qtl)

Dec-18 19-Dec-18 20-Dec-18 19-Dec-

9000 8500 500 219 218

9000 8700 300 165 171

NA NA -- NA NA

NA NA -- NA NA


Dec 21th

2018



Heavy rainfall reported in Guntur, Krishna etc. major chilli growing regions slightly affect Chilli


(Overall, the average rainfall received in Andhra Pradesh from

2018 is recorded as 545.1 mm as against the Normal as on date of 840.6 mm

35 percent. Districts like Vizianagaram, Visakhapatnam, East Godavari,

Guntur, Prakasam, SPSR Nellore, Chittoor, YSR Kadapa, Anantapuram, Kurnool received

59%). For matured ready to pick standing chilli crop may turn little black colour.

n about water logging. Overall,


area reported 25,950

Chilli prices likely to trade subdued as moisture content new crop arrivals started entering to

cted to arrive after 15th January.

Exporters are expected to slow down in second half of December on account of Christmas and

Standing crop condition reported weak in Maharashtra and Madhya Pradesh regions due to lower

t supply from both states likely to end early by one month or one and half

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

kh MT compared to earlier estimates of 12.45 lakh MT. Previous year’s

Change Source -18

1 NAM

-6 NAM

-- Agmarknet

-- Agmarknet

Maize Today’s Developments:

• In Ahmadabad region of Gujara

quintal while starch feed makers quoted it steady at Rs. 1925 per quintal compared to previous

day.


• In Naugachia region of Bihar, maize is li

Maize is moving towards Kolkata at Rs.1900

• Corn on CBOT rose on the expectation for demand from China for U.S corn. Besides, adverse

weather condition in South America is another sup

• Maize is moving towards Bangalore at Rs. 1850 per quintal, Nammakal at Rs. 1900 per quintal,

Sangali at Rs. 1800 per quintal, Chennai at Rs. 1920 per quintal and Ranebennuru at Rs. 1630 per

quintal (Delivered price), sou

to high demand. Grain size is medium and contains 14% moisture.

• In Nizamabad, most of the material arriving in open market is of low quality; around 7

is damaged and small in siz

poultry feed makers are buying at Rs. 1570 per quintal. Maize is moving to Hyderabad at Rs.

1650 per quintal. It is likely to trade steady to slightly firm in near term. Trade sources

that in Nizamabad, around 10

• In India, Rabi maize has been sown in around 10.38 lakh hectares as of 14th December, 2018

which is lower than 11.47 lakh hectares during corresponding period last year. In Bihar,

has been sown in around 3.76 lakh a hectare which is lower than 3.91 lakh hectares during

corresponding period last year. In Karnataka, it has been sown in around 0.67 lakh hectare

which is lower than 0.79 lakh hectares during corresponding period l

has been sown in around 0.71 lakh hectares which is lower than 1.37 lakh hectares during

corresponding period last year.

• In Telangana, Maize sowing for the Rabi season as of 14th Dec’18 reported at 0.72 lakh hectares

which is higher than 0.49 lakh hectares in the corresponding period last year. It is at vegetative

stage. Nizambad, Kamareddy, Medak, Warangal (U) (R), Nirmal, Karimnagar and Mahabubabad

districts are affected by fall armyworm.

• As per trade sources, India exported

average FoB of $219.21/ MT. Indian maize is exported mainly to Nepal followed by Sri Lanka,

Philippines and Qatar mainly through JNPT followed by Raxaul and Mundra port.

Prices & Arrivals:

State/

District Market Grade

Modal Price (Rs./Qtl)

Telangana Nizamabad Bilty

Bihar Gulabbagh Bilty

Karnataka Davangere Loose

Delhi Delhi Loose

Andhra Pradesh Kurnool Loose


In Ahmadabad region of Gujarat, poultry feed makers quoted maize steady at Rs. 1900 per



In Naugachia region of Bihar, maize is likely to trade firm due to low arrival amid high demand.

Maize is moving towards Kolkata at Rs.1900-1950 per quintal.

Corn on CBOT rose on the expectation for demand from China for U.S corn. Besides, adverse

weather condition in South America is another supporting factor for U.S corn prices.

Maize is moving towards Bangalore at Rs. 1850 per quintal, Nammakal at Rs. 1900 per quintal,


quintal (Delivered price), sourced from Davangere. It is likely to trade firm in the near term due

to high demand. Grain size is medium and contains 14% moisture.

In Nizamabad, most of the material arriving in open market is of low quality; around 7

is damaged and small in size. Local starch feed makers are buying it at Rs. 1400 per quintal while


1650 per quintal. It is likely to trade steady to slightly firm in near term. Trade sources

that in Nizamabad, around 10-15% crop is affected by fall armyworm.

In India, Rabi maize has been sown in around 10.38 lakh hectares as of 14th December, 2018

which is lower than 11.47 lakh hectares during corresponding period last year. In Bihar,



which is lower than 0.79 lakh hectares during corresponding period last year. In Maharashtra, it


corresponding period last year.

In Telangana, Maize sowing for the Rabi season as of 14th Dec’18 reported at 0.72 lakh hectares

higher than 0.49 lakh hectares in the corresponding period last year. It is at vegetative


districts are affected by fall armyworm.

As per trade sources, India exported 35,686 MT of maize for the month of October’18 at an



Maize

Modal Price (Rs./Qtl)

Change

Arrivals (Qtl)

20 Dec

2018

19 Dec

2018

20 Dec

2018

19 Dec

2018

1570 1570 Unch 200 200

1800 1790 10 NA NA

1725 1725 Unch 3000 3000

1850 1825 25 NA NA

NA NA - NA NA

*Difference between current and previous day’s prices.


Dec 21th

2018

t, poultry feed makers quoted maize steady at Rs. 1900 per


kely to trade firm due to low arrival amid high demand.

Corn on CBOT rose on the expectation for demand from China for U.S corn. Besides, adverse

porting factor for U.S corn prices.

Maize is moving towards Bangalore at Rs. 1850 per quintal, Nammakal at Rs. 1900 per quintal,


rced from Davangere. It is likely to trade firm in the near term due

In Nizamabad, most of the material arriving in open market is of low quality; around 7-8% grain

e. Local starch feed makers are buying it at Rs. 1400 per quintal while


1650 per quintal. It is likely to trade steady to slightly firm in near term. Trade sources revealed

In India, Rabi maize has been sown in around 10.38 lakh hectares as of 14th December, 2018

which is lower than 11.47 lakh hectares during corresponding period last year. In Bihar, maize



ast year. In Maharashtra, it


In Telangana, Maize sowing for the Rabi season as of 14th Dec’18 reported at 0.72 lakh hectares

higher than 0.49 lakh hectares in the corresponding period last year. It is at vegetative


35,686 MT of maize for the month of October’18 at an



Change Source

Unch AGRIWATCH

- AGRIWATCH

Unch AGRIWATCH

- AGRIWATCH

- ENAM


Sugar Today’s Developments:

• So far, India has exported only 2.46 lakh tonnes of sugar for this season. If the current trend

continues, achieving 5 million tonnes of MIEQ export looks difficult. Sugar factories face several

headwinds for executing export orders. Apart from d

exports less remunerative, depreciation in the Brazilian Lira coupled with sustained fall in global

prices made sugar shipment from India less remunerative. With the government releases subsidy

amount at the end of the season,

which they pay interest to lenders.

• Sugar prices have fallen by over 11 per cent in the benchmarks Nybot and Liffe exchanges during

the last two months. Also, the rupee appreciated and Brazilian Lira depreciated during the last two

months to sugar export from Brazil more comp

to start dispatches by the end of December.

trade currently at $12.30 oz per pound. In the benchmark Liffe market, near month sugar contract

was quoted $339.70 per tonne, 10.37 per cent lower than $379 per tonne traded two months ago


• (20 Dec 2018) Sugar production has inc

15 of the current marketing year. Mills had produced 6.9 million tonnes of sugar in the same

period of 2017-18 marketing year. India is likely to produce 31.5 million tonnes of sugar in 2018

marketing year, slightly lower than 32.5 million tonnes last year, according to ISMA forecast. Sugar

consumption is estimated at 26 million tonnes in 2018

• (20 Dec 2018) Production in Maharashtra, the country’s largest sugar producing state, rose to 2.9

million tonnes till December 15 of this year, as against 2.57 million tonnes in the same period last

year. About 176 mills were in operation in the state and the average sugar recovery achieved so

far was 10.18 per cent as compared to 10.10 per cent in the

Pradesh, the country’s second largest producing state, remained lower at 1.89 million tonnes so

far when compared with 2.33 million tonnes in the year

Karnataka, the country’s third large

against 1.12 million tonnes in the year

Pradesh, Telangana, Tamil Nadu and Bihar, is 4.5 lt.

• (20 Dec 2018) Indian sugar industry is mak

2018-19 sugar season. The industry will undertake further discussions and talks with the sugar

refineries in South Korea to pursue the matter further so that sugar exports may take place from

India to South Korea. South Korea imports around 1.5 million tonnes of raw sugar annually.

• (18 Dec 2018) The government has warned mills to speed up sugar exports to achieve the 5 million

tonnes annual target fixed for the current season (October 2018

incentives offered for exports, sugar mills have contracted for a mere 600,000 tonnes of sugar

exports and shipped around 179,000 tonnes for the quarter between October and December

2018. Additionally, around 80,000 tonnes of the sweetener is

the quarter ending December 2018. This means, total quantity of export stands at a negligible

260,000 tonnes for the October

1.25 million tonnes.

• (18 Dec 2018) Sugar mills in the North/Northeast (NNE) sugarcane region produced 1,499,950

tonnes of sugar, tel quel, in the 2018/19 crush as of December 1, up 14.6% from 1,308,743 at the

same time a year ago, AgMin data showed.

• (18 Dec 2018) Mexico sugar import

(MT) reflecting expected lower domestic prices relative to those of prospective import suppliers.


So far, India has exported only 2.46 lakh tonnes of sugar for this season. If the current trend


headwinds for executing export orders. Apart from depreciating Indian rupee making thereby



he season, sugar mills fear blockage of working capital for the entire year on

which they pay interest to lenders.

have fallen by over 11 per cent in the benchmarks Nybot and Liffe exchanges during


months to sugar export from Brazil more competitive. Despite these odds sugar mills are expected

to start dispatches by the end of December. Sugar prices in Nybot declined by 11.44 per cent to

per pound. In the benchmark Liffe market, near month sugar contract


Developments that are still Influencing Markets:

Sugar production has increased by 2.1 per cent to 7.05 million tonnes till December


18 marketing year. India is likely to produce 31.5 million tonnes of sugar in 2018

rketing year, slightly lower than 32.5 million tonnes last year, according to ISMA forecast. Sugar

consumption is estimated at 26 million tonnes in 2018-19.

Production in Maharashtra, the country’s largest sugar producing state, rose to 2.9

illion tonnes till December 15 of this year, as against 2.57 million tonnes in the same period last


far was 10.18 per cent as compared to 10.10 per cent in the year-ago. Whereas production in Uttar


far when compared with 2.33 million tonnes in the year-ago. However the production in

Karnataka, the country’s third largest sugar producing state, stood higher at 1.39 million tonnes as

against 1.12 million tonnes in the year-ago. The total output of other States, including Andhra

Pradesh, Telangana, Tamil Nadu and Bihar, is 4.5 lt.

Indian sugar industry is making efforts to export raw sugar to South Korea during

19 sugar season. The industry will undertake further discussions and talks with the sugar


outh Korea. South Korea imports around 1.5 million tonnes of raw sugar annually.

The government has warned mills to speed up sugar exports to achieve the 5 million

tonnes annual target fixed for the current season (October 2018 – September 20



2018. Additionally, around 80,000 tonnes of the sweetener is kept at various ports for loading for


260,000 tonnes for the October- December 2018 quarter as against the quarterly average target of

Sugar mills in the North/Northeast (NNE) sugarcane region produced 1,499,950


same time a year ago, AgMin data showed.

Mexico sugar imports for 2018/19 are projected to decrease 45,000 metric tons



Dec 21th

2018

So far, India has exported only 2.46 lakh tonnes of sugar for this season. If the current trend


epreciating Indian rupee making thereby



fear blockage of working capital for the entire year on

have fallen by over 11 per cent in the benchmarks Nybot and Liffe exchanges during


etitive. Despite these odds sugar mills are expected

in Nybot declined by 11.44 per cent to

per pound. In the benchmark Liffe market, near month sugar contract


reased by 2.1 per cent to 7.05 million tonnes till December


18 marketing year. India is likely to produce 31.5 million tonnes of sugar in 2018-19

rketing year, slightly lower than 32.5 million tonnes last year, according to ISMA forecast. Sugar

Production in Maharashtra, the country’s largest sugar producing state, rose to 2.9

illion tonnes till December 15 of this year, as against 2.57 million tonnes in the same period last


ago. Whereas production in Uttar


ago. However the production in

st sugar producing state, stood higher at 1.39 million tonnes as

ago. The total output of other States, including Andhra

ing efforts to export raw sugar to South Korea during

19 sugar season. The industry will undertake further discussions and talks with the sugar


outh Korea. South Korea imports around 1.5 million tonnes of raw sugar annually.

The government has warned mills to speed up sugar exports to achieve the 5 million

September 2019). Despite



kept at various ports for loading for


December 2018 quarter as against the quarterly average target of

Sugar mills in the North/Northeast (NNE) sugarcane region produced 1,499,950


s for 2018/19 are projected to decrease 45,000 metric tons


Mexico exports for 2018/19 are increased by 238,074 MT to 1.266 million. This change reflects

larger exports to the United States based on a forecast increase in U.S. Needs as defined in the

amended Suspension Agreements plus 1,842 MT reported by CONADESUCA corresponding to

export licenses for 2017/18 extended for a period between October 1 and 15. End

2018/19 are projected residually at 1.330 million MT, imply ing a stocks

ratio of 30.1 percent

• (17 Dec 2018) The wholesale

29.50 a kg of ‘M’ variety in Kolhapur

30 a kg across the country, which mills are compensating partly with an increase in recovery in the

high yielding cane variety to compensate the high production cost of Rs 34 a kg.

• (14 Dec 2018) According to trade sources, India's production during the 2019/20 marketing year

could fall to between 28 million tonnes (mt) and 29 mt from this year's estimated 31.5

Maharashtra's production could fall 16.7 percent to 7.5 mt in the next season. The sugar marketing

year runs from October to September. Production may fall by half in Maharashtra's central part of

Marathwada, where people are struggling to secure dr

infestation of white grubs will curtail production next season. . Many farmers couldn't plant cane

in Maharashtra and Karnataka due to water scarcity. This will reflect in next year's production.

Prices:

State/ District Market

Maharashtra Kolhapur

Uttar Pradesh Khatauli


Delhi Delhi



r exports to the United States based on a forecast increase in U.S. Needs as defined in the


export licenses for 2017/18 extended for a period between October 1 and 15. End

2018/19 are projected residually at 1.330 million MT, imply ing a stocks -to-human consumption

The wholesale sugar price is currently quoted at Rs 29 a kg of ‘S’ variety and Rs

Kolhapur. Farm gate sugar prices are currently hovering between Rs 29


elding cane variety to compensate the high production cost of Rs 34 a kg.

According to trade sources, India's production during the 2019/20 marketing year

could fall to between 28 million tonnes (mt) and 29 mt from this year's estimated 31.5



Marathwada, where people are struggling to secure drinking water, Apart from water scarcity, an



Sugar (M grade)

Modal Price (Rs /Qtl) Change

20-Dec-18 19-Dec-18

2925 2950 -25

3170 3185 -15

Vijayawada 3400 3400 Unch

3040 2990 50


Dec 21th

2018


r exports to the United States based on a forecast increase in U.S. Needs as defined in the


export licenses for 2017/18 extended for a period between October 1 and 15. Ending stocks for

human consumption

rently quoted at Rs 29 a kg of ‘S’ variety and Rs

. Farm gate sugar prices are currently hovering between Rs 29-


According to trade sources, India's production during the 2019/20 marketing year

could fall to between 28 million tonnes (mt) and 29 mt from this year's estimated 31.5-32 mt.



inking water, Apart from water scarcity, an



Change Source

25 AW

15 AW

Unch AW

50 AW

Cotton Today’s Developments:

• Cotton prices suffered a major setback this week as the FED’s decision to continue its interest rate

increase was followed by a triple digit slide to just below its major support level of 75.00

cents. The Thursday settlement of 75.05, essentially the low of the day and week, subjects the

market to a probable dip to the 72

announcement level of near 84 cents.

Recent Developments that are still Influencing Markets

• (19 Dec 2018) MCX Dec cotton closed lower on Tuesday tracking weak trend in International

prices. However, the prices have been higher this season compared to last season on reports of

production cut by the cotton body and USDA. Cotton futures expected to trade

improving arrivals. In long run, prices may get support to rise after export demand from China,

Bangladesh, Vietnam and opening up of Pakistan market.

• (19 Dec 2018) The Cotton Corporation of India (CCI) has so far procured 98,900 bales (of

of cotton in the current season till December 10 as compared to 3.9 lakh bales purchased in the

previous season. Much of this procurement made at minimum support price

happened in Telangana. In the last cotton season too, Telangana

the cotton procured by the public sector firm.

• (18 Dec 2018) ICE cotton futures fell 2 percent on Monday, tracking losses in the oil market and

as traders waited for more clarity on purchase of the natural fiber by China after

truce with the U.S. The most active cotton contract on ICE Futures U.S., the March contract , fell

1.55 cent, or 1.95 percent, at 78.05 cents per lb at 1:27 p.m. EST (1827 GMT). It traded within a

range of 77.9 and 79.8 cents a lb.

• (18 Dec 2018) The Cyclonic Storm Phethai has moved further north/northwestwards and

presently lies close to Andhra Prdaesh Coast 160 km southeast of Machilipatnam and 190 km of

Kakinada. Another cyclonic circulation is over Bangladesh and adjoining area. A low

cyclonic circulation is over central parts of Uttar Pradesh. A trough is running along the east

coast from Gangetic West Bengal to Tamil Nadu Coast across the Cyclonic Storm Phethai.

• (17 Nov 2018) Cotton prices traded on Range bound in the domestic marke

activities. Supplies were also noted down on account of

expecting good demand from China, Vietnam, Bangladesh

meeting.

• (17 Nov 2018) All India new crop arri

basis. About 6.70 million bales (170kg each) have arrived in the current season.

• (12 Nov 2018) ICE cotton futures recoiled on Tuesday having fallen earlier in the day after a

global supply and demand d

The contract for March fell briefly, immediately following the release of the monthly World

Agriculture Supply and Demand Estimates (WASDE) data by the U.S. government, before settling

up 0.14 cent, or 0.18 percent, at 80.02 cents per lb. It traded within a range of 79.11 and 80.66

cents a lb.

• (12 Nov 2018) This month’s 2018/19 U.S. cotton forecasts include slightly higher production and

ending stocks. Production is raised 180,000 bales d

Texas. Domestic mill use and exports are unchanged. Ending stocks, forecast at 4.4 million bales

in 2018/19, are 100,000 bales above both last month and the 2017/18 estimate.

• (11 Nov 2018) Daily arrivals are around 1

with slow demand from the export market and domestic mills. The Cotton Corporation of india

has procured about 51’000 bales at the minimum Support Price in the current season.


Cotton prices suffered a major setback this week as the FED’s decision to continue its interest rate

increase was followed by a triple digit slide to just below its major support level of 75.00

ment of 75.05, essentially the low of the day and week, subjects the

market to a probable dip to the 72-73 cent mark, or nearly a 15% decline from the tariff

announcement level of near 84 cents.

Recent Developments that are still Influencing Markets

MCX Dec cotton closed lower on Tuesday tracking weak trend in International


production cut by the cotton body and USDA. Cotton futures expected to trade


Bangladesh, Vietnam and opening up of Pakistan market.

The Cotton Corporation of India (CCI) has so far procured 98,900 bales (of


previous season. Much of this procurement made at minimum support price

happened in Telangana. In the last cotton season too, Telangana accounted for 68 per cent of

the cotton procured by the public sector firm.

ICE cotton futures fell 2 percent on Monday, tracking losses in the oil market and

as traders waited for more clarity on purchase of the natural fiber by China after



range of 77.9 and 79.8 cents a lb.

The Cyclonic Storm Phethai has moved further north/northwestwards and


Kakinada. Another cyclonic circulation is over Bangladesh and adjoining area. A low



Cotton prices traded on Range bound in the domestic market, due to dull trading

activities. Supplies were also noted down on account of continuing declining prices. India is

expecting good demand from China, Vietnam, Bangladesh and Pakistan significantly after

All India new crop arrivals continued around 165’000 bales per day on average


ICE cotton futures recoiled on Tuesday having fallen earlier in the day after a

global supply and demand data projected a slight increase in U.S. stocks for the natural fiber.



p 0.14 cent, or 0.18 percent, at 80.02 cents per lb. It traded within a range of 79.11 and 80.66

This month’s 2018/19 U.S. cotton forecasts include slightly higher production and

ending stocks. Production is raised 180,000 bales due mainly to a 300,000



Daily arrivals are around 160’000 bales. Trading activities remained lackluster




Dec 21th

2018

Cotton prices suffered a major setback this week as the FED’s decision to continue its interest rate

increase was followed by a triple digit slide to just below its major support level of 75.00-75.50

ment of 75.05, essentially the low of the day and week, subjects the

73 cent mark, or nearly a 15% decline from the tariff

MCX Dec cotton closed lower on Tuesday tracking weak trend in International


production cut by the cotton body and USDA. Cotton futures expected to trade sideways due to


The Cotton Corporation of India (CCI) has so far procured 98,900 bales (of 170 kg)


previous season. Much of this procurement made at minimum support price -86,000 bales –

accounted for 68 per cent of

ICE cotton futures fell 2 percent on Monday, tracking losses in the oil market and

as traders waited for more clarity on purchase of the natural fiber by China after its trade war



The Cyclonic Storm Phethai has moved further north/northwestwards and


Kakinada. Another cyclonic circulation is over Bangladesh and adjoining area. A low-level



t, due to dull trading

declining prices. India is

Pakistan significantly after G20

vals continued around 165’000 bales per day on average


ICE cotton futures recoiled on Tuesday having fallen earlier in the day after a

ata projected a slight increase in U.S. stocks for the natural fiber.



p 0.14 cent, or 0.18 percent, at 80.02 cents per lb. It traded within a range of 79.11 and 80.66

This month’s 2018/19 U.S. cotton forecasts include slightly higher production and

ue mainly to a 300,000-bale increase in



60’000 bales. Trading activities remained lackluster



• (11 Nov 2018) In AP and Tel

starches, yields have fallen by up to 60 Per cent, while in black soil areas, it is a 50 per cent drop.

Against the average of 8-10 quintals an acre, farmers have got 2

availability of water and the intensity of the Pink bollworm attack. Poor yields have resulted in

reduction in cotton arrivals at markets.

• (10 Nov 2018) India’s cotton exports, which had slowed in November due to adverse currency

movements and volatile prices. Since October, deals for the export of over 2.5 million bales of

cotton have been signed, of this total quantity around 1.5 mln bales have already shipped, while

the rest will be exported in Dec

to Bangladesh, Vietnam, Indonesia, Pakistan and China.

• (07 Nov 2018) The country has exported close to 10 lakh bales of cotton so far to Bangladesh,

Vietnam and Indonesia this kharif season, according to industry experts. The total exports

likely to touch 65 lakh bales even as cotton purchases made by the Cotton Corporation of India

remain tepid on weak arrivals.

State/

District Market

Modal Price (Rs /Qtl)

20

Gujarat Rajkot

Andhra

Pradesh Adoni

Andhra

Pradesh Guntur

Andhra

Pradesh Krishna

Andhra

Pradesh YEMMIGANUR


In AP and Telanagana states cotton yields have fallen significantly, in red soil


10 quintals an acre, farmers have got 2-6 quintals dependin


reduction in cotton arrivals at markets.

India’s cotton exports, which had slowed in November due to adverse currency

atile prices. Since October, deals for the export of over 2.5 million bales of


the rest will be exported in Dec-Jan. The deals struck at 84-86 cents per pound,

to Bangladesh, Vietnam, Indonesia, Pakistan and China.

The country has exported close to 10 lakh bales of cotton so far to Bangladesh,

Vietnam and Indonesia this kharif season, according to industry experts. The total exports


remain tepid on weak arrivals.

Cotton

Modal Price (Rs /Qtl)

Change

Arrivals (Qtl)

20-Dec-

18

19-Dec-

18

20-Dec-

18

19-Dec

18

5600 5660 -60 7000 7100

NA 5714 - NA 3150

NA NA - NA NA

NA NA - NA NA

NA 5666 - NA 30


Dec 21th

2018

anagana states cotton yields have fallen significantly, in red soil


6 quintals depending on the


India’s cotton exports, which had slowed in November due to adverse currency

atile prices. Since October, deals for the export of over 2.5 million bales of


86 cents per pound, are for exports

The country has exported close to 10 lakh bales of cotton so far to Bangladesh,

Vietnam and Indonesia this kharif season, according to industry experts. The total exports are


Change Source Dec-

18

7100 -100 APMC

3150 - Agriwatch

NA - Agriwatch

NA - APMC

30 - NAM

Palm Oil Today’s Developments:

• According to cargo surveyor Societe Generale de Surveillance (SGS), Malaysia’s Dec 1

exports rose 6.9 percent to 879,491 tons compared to 822,620 tons in the corresponding period

last month. Top buyers were C

(120,700 tons), European Union 137,294 tons (176,913 tons), United States at 64,405 tons

(36,329 tons) and Pakistan at 35,500 tons (15,000 tons). Values in brackets are figures of

corresponding period last month.


• (19 Dec 2018)-Palm oil prices are expected to be supported by expectation of fall in production

of palm oil in coming months, rise in exports of palm

production is expected to fall on seasonal downtrend of production. Production fell in

November in Malaysia indicating that production has peaked and is expected to fall going

ahead. Exports of palm oil rose in December on higher demand from Chi

buying more palm oil due to lower production of soy oil in China due to lower imports of

soybean in November. China imported fewer soybeans due to outbreak of swine flu in the

country and negative crush margins of soybean. This has l

higher imports of palm oil. Further, China will import more in Dec and Jan on demand ahead of

Chinese New Year

• (14 Dec 2018)-Crude Palm oil import scenario

CPO Imports rose 3.9 percent y

Imports in oil year 2017-18 (November 2017

percent y-o-y at 64.60 lakh tons compared to 63.35 lakh tons in last oil year.

• (14 Dec 2018)- (10 Dec 2018)

in Nov by 34.86 percent to 1.09 lakh tons from 1.47 lakh tons in Nov 2017. Imports in oil year

2017-18 (November 2017-October 2018) were reported lower by 25.64 percent

lakh tons compared to 28.71 lakh tons in last oil year.

• (14 Dec 2018)-According to Malaysia Palm Oil Board (MPOB), Malaysia kept January crude palm

oil export duty unchanged at 0.0 percent. Export duty of palm oil is calculated at referenc

of 1800.58 ringgit ($430.76) per ton. Tax is calculated above 2,250 ringgit starting from 4.5

percent to a maximum of 8.5 percent.

• (10 Dec 2018)-According to Malaysia Palm Oil Board (MPOB), Malaysia’s November palm oil

stocks rose 10.45 percent to

palm oil in Nov fell 6.09 percent to 18.45 lakh tons compared to 19.65 lakh tons in Oct. Exports

of palm oil in Nov fell 12.87 percent to 13.75 lakh tons compared to 15.78 lakh tons in Oct.

Imports of palm oil in Nov rose 14.57 percent to 1.34 lakh tons compared to 1.17 lakh tons in

Sep. End stocks of palm oil rose more than trade expectation on higher than expected fall in

exports.

• (6 Dec 2018)-According to Indonesia’s finance ministry, Ind

exports of palm products as long as CPO prices stay below threshold prices of USD 570 per ton.

It will charge USD 10-15 per ton between prices range of USD 570

USD 20-50 per ton above CPO prices

has to pay USD 20-50 per ton export levy on exports of palm oil irrespective of any thresholds

which was used to fund biodiesel mandate in the country. With steep fall in palm oil prices in

2018, palm oil producers are bleeding which has led to removal of export levy. This step may

lead more exports of palm oil from Indonesia which is reeling with oversupply of palm oil.


According to cargo surveyor Societe Generale de Surveillance (SGS), Malaysia’s Dec 1


last month. Top buyers were China at 255,010 tons (136,710 tons), India at 175,910 tons



iod last month.


Palm oil prices are expected to be supported by expectation of fall in production

of palm oil in coming months, rise in exports of palm oil from Malaysia and weak ringgit



ahead. Exports of palm oil rose in December on higher demand from China and India. China is



country and negative crush margins of soybean. This has led to lower supply of soy oil leading to


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

orts rose 3.9 percent y-o-y in Oct to 6.89 lakh tons from 7.17 lakh tons in Nov 2017.

18 (November 2017-October 2018) were reported higher by 1.97

y at 64.60 lakh tons compared to 63.35 lakh tons in last oil year.

10 Dec 2018)-RBD palmolein import scenario- RBD palmolein imports fell y


October 2018) were reported lower by 25.64 percent

lakh tons compared to 28.71 lakh tons in last oil year.

According to Malaysia Palm Oil Board (MPOB), Malaysia kept January crude palm

oil export duty unchanged at 0.0 percent. Export duty of palm oil is calculated at referenc


percent to a maximum of 8.5 percent.

According to Malaysia Palm Oil Board (MPOB), Malaysia’s November palm oil

stocks rose 10.45 percent to 30.07 lakh tons compared to 27.22 lakh tons in Oct. Production of





According to Indonesia’s finance ministry, Indonesia will not charge levy on


15 per ton between prices range of USD 570-619 per ton. Levy will rise to

50 per ton above CPO prices of USD 619 per ton. Under the old rule exports of palm oil

50 per ton export levy on exports of palm oil irrespective of any thresholds


palm oil producers are bleeding which has led to removal of export levy. This step may



Dec 21th

2018

According to cargo surveyor Societe Generale de Surveillance (SGS), Malaysia’s Dec 1-20 palm oil


hina at 255,010 tons (136,710 tons), India at 175,910 tons



Palm oil prices are expected to be supported by expectation of fall in production

oil from Malaysia and weak ringgit. Palm oil



na and India. China is



ed to lower supply of soy oil leading to


According to Solvent Extractors Association (SEA),

y in Oct to 6.89 lakh tons from 7.17 lakh tons in Nov 2017.

October 2018) were reported higher by 1.97

RBD palmolein imports fell y-o-y


October 2018) were reported lower by 25.64 percent y-o-y at 21.35

According to Malaysia Palm Oil Board (MPOB), Malaysia kept January crude palm

oil export duty unchanged at 0.0 percent. Export duty of palm oil is calculated at reference price


According to Malaysia Palm Oil Board (MPOB), Malaysia’s November palm oil

30.07 lakh tons compared to 27.22 lakh tons in Oct. Production of





onesia will not charge levy on


619 per ton. Levy will rise to

of USD 619 per ton. Under the old rule exports of palm oil

50 per ton export levy on exports of palm oil irrespective of any thresholds


palm oil producers are bleeding which has led to removal of export levy. This step may


• (3 Dec 2018)-According to Indonesia Palm Oil Association (GAPKI), exports of

PKO) from Indonesia rose 20.8 percent in October y

Oct 2017. Exports of palm oil (CPO and PKO) were rose 5.02 m

compared to Sep 2018 at 2.99 MMT. Production of palm oil in Indone

at 4.51 MMT from 4.41 in Sep 2018, up 2 percent m

4.407 MMT from 4.602 MMT in Sep 2018.

Prices:

Palm Oil Prices (In Rs./ 10 Kg)


Crude Palm Oil (FFA 5%)

Gujarat Kandla

Andhra Pradesh Krishnapatnam

RBD Palmolein

Gujarat Kandla

Andhra Pradesh Kakinada


Palm Oil at MCX

Contract Open

31-Dec-18 518.90 519.30

31-Jan-19 516.00 516.60

28-Feb-19 523.00 524.00

As on 20-Dec-2018 at 9 pm


According to Indonesia Palm Oil Association (GAPKI), exports of

PKO) from Indonesia rose 20.8 percent in October y-oy to 3.14 MMT from were 2.60 MMT in

Oct 2017. Exports of palm oil (CPO and PKO) were rose 5.02 m-o-m in Oct at 3.14 MMT

compared to Sep 2018 at 2.99 MMT. Production of palm oil in Indonesia in October is reported

at 4.51 MMT from 4.41 in Sep 2018, up 2 percent m-o-m. Stocks of palm oil in Oct 2018 rose to

4.407 MMT from 4.602 MMT in Sep 2018.

Market 20 Dec 2018 19 Dec 2018 Change

514 509 5

Krishnapatnam 515 515 Unch

595 595 Unch

Kakinada 605 602 3

hnapatnam 600 600 Unch


High Low Close Change Volume(Lots)

519.30 514.10 514.70 -5.20 686

516.60 511.30 512.20 -5.60 1399

524.00 518.00 518.70 -6.10 745

2018 at 9 pm


Dec 21th

2018

According to Indonesia Palm Oil Association (GAPKI), exports of palm oil (CPO and

oy to 3.14 MMT from were 2.60 MMT in

m in Oct at 3.14 MMT

sia in October is reported

m. Stocks of palm oil in Oct 2018 rose to

Change Source

Agriwatch

Unch Agriwatch

Unch Agriwatch

Agriwatch

Unch Agriwatch


Volume(Lots) O.Int

686 2541

1399 5770

745 3126

2018 at 9 pm Rs/Quintal

Sunflower oil Today’s Developments:

(No Significant Development)

Recent Developments that are sti

• (14 Dec 2018)-Sunflower oil imports scenario

Sunflower oil imports fell 14.4 percent y

2017. Imports in oil year 2017

percent y-o-y at 25.25 lakh tons compared to 21.69 lakh tons in last oil year.

• (7 Dec 2018)-Sunflower oil premium over soy oil in C

from $-3.0 per ton last week a

down Rs 35 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has

decreased to Rs 195 per 10 kg Rs 158

last week on higher premium over palm

• (20 Nov 2018)-According to Solvent Extractors Association (SEA), Crude Sunflower Oil 140,000

tons and about 1,430,000 tons in pipelines.

• (9 Nov 2018)-According to United States Depa

India is estimated to import 2.2 MMT of sun oil in 2018/19 compared to earlier estimate of 2.1

MMT, higher by 4.76 percent y

MMT in its earlier estimate, up 4.55 percent y

import duty compared to palm oil.

• (5 Nov 2018)- Sunflower oil premium over soy oil in CNF markets have increased to

from $12 per ton last week and premium in domesti


decreased to Rs 170 per 10 kg Rs 25 per 10 kg last week. Prices of sunflower oil traded lower last

week on higher premium over

Prices:

Sunflower Oil Prices (In Rs./ 10 Kg)


Tamil Nadu Chennai


Andhra Pradesh Kakinada




Sunflower oil imports scenario- According to Solvent Extractors Association (SEA),

Sunflower oil imports fell 14.4 percent y-o-y in Nov to 1.66 lakh tons from 1.94 lakh tons in Nov

2017. Imports in oil year 2017-18 (November 2017-October 2018) were reported higher by 16.4

y at 25.25 lakh tons compared to 21.69 lakh tons in last oil year.

Sunflower oil premium over soy oil in CNF markets have increased to $8 per ton

per ton last week and premium in domestic markets have reached to 15 per 10 kg

per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has

ased to Rs 195 per 10 kg Rs 158 per 10 kg last week. Prices of sunflower oil traded lower

on higher premium over palm oil amid rising discount over groundnut oil.

According to Solvent Extractors Association (SEA), Crude Sunflower Oil 140,000

tons and about 1,430,000 tons in pipelines.

According to United States Department of Agriculture (USDA) November estimate,


MMT, higher by 4.76 percent y-o-y. Consumption of sun oil is increased to 2.3 MMT from 2.2

imate, up 4.55 percent y-o-y. Rise in imports of sun oil is due to lower in

import duty compared to palm oil.

Sunflower oil premium over soy oil in CNF markets have increased to

from $12 per ton last week and premium in domestic markets have reached to 50 per 10 kg



week on higher premium over sun oil over RBD palmoelin.

Sunflower Oil Prices (In Rs./ 10 Kg)

Market 20 Dec 2018 19 Dec 2018 Change

Chennai 770 765 5

Krishnapatnam 765 765 Unch

Kakinada 765 765 Unch



Dec 21th

2018

According to Solvent Extractors Association (SEA),

y in Nov to 1.66 lakh tons from 1.94 lakh tons in Nov

October 2018) were reported higher by 16.4

NF markets have increased to $8 per ton

ve reached to 15 per 10 kg

per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has

of sunflower oil traded lower

rising discount over groundnut oil.

According to Solvent Extractors Association (SEA), Crude Sunflower Oil 140,000

rtment of Agriculture (USDA) November estimate,


y. Consumption of sun oil is increased to 2.3 MMT from 2.2

y. Rise in imports of sun oil is due to lower in

Sunflower oil premium over soy oil in CNF markets have increased to -$0.5 per ton

c markets have reached to 50 per 10 kg



Change Source

Agriwatch

Unch Agriwatch

Unch Agriwatch


Groundnut oil Today’s Developments



• (7 Dec 2018)-Saurashtra Oil Mills Association

announce incentives for groundnut exports. There are about 3,000 groundnut manufacturers in

Suarashtra. Of the 6 lakh ton of exports of groundnut, around 3 lakh tons of groundnut are

exported from Saurashtra. It

There is tough competition in international markets of groundnut.

• (23 NOV 2018)-Exporters of groundnut and sesame seeds have urged the Union government to

provide 10% incentive under the Mer

export to China and the European Union (EU).

• (20 NOV 2018)-The Gujarat government will conduct groundnut procurement in coordination

with the National Agricultural Cooperative Marketing Federation of

Earlier, differences had surfaced after Nafed refused to procure groundnut and other agriculture

crops citing inadequate infrastructure with the State agencies. Nafed's concerns came after last

year’s reports of irregularities and ma

data, so far 8700 tonnes of groundnut worth

farmers in the State

• (29 Oct 2018)-Groundnut oil prices are expected to be supported by demand ahead of festivals

Retail demand has improved due to stability in groundnut oil prices. There is parity in crush of

old crop while there is no parity in crush of new crop of groundnut. Groundnut oil prices rose as

groundnut prices rose as auction window of NAFED is expecte

start procurement of new crop of groundnut from 15 Nov.

• (29 Oct 2018)-In Andhra Pradesh, groundnut oil prices rose in parity with Gujarat and good

demand. There is less stock groundnut oil in the market. There is no parity i

in the state.

Prices:

Groundnut Oil Prices (In Rs./ 10Kg)


Gujarat Rajkot

Telangana Hyderabad

Tamil Nadu Chennai




Saurashtra Oil Mills Association (SOMA), has asked union commerce ministry to



exported from Saurashtra. It is asking for six percent duty drawback on exports of groundnut.

There is tough competition in international markets of groundnut.

Exporters of groundnut and sesame seeds have urged the Union government to

provide 10% incentive under the Merchandise Exports from India Scheme (MEIS) to boost the

export to China and the European Union (EU).

The Gujarat government will conduct groundnut procurement in coordination

with the National Agricultural Cooperative Marketing Federation of India Limited (Nafed).



year’s reports of irregularities and malpractices at groundnut warehouses. As per the latest

data, so far 8700 tonnes of groundnut worth Rs.43 crore has been procured from over 3700

Groundnut oil prices are expected to be supported by demand ahead of festivals



groundnut prices rose as auction window of NAFED is expected to close soon and NAFED will

start procurement of new crop of groundnut from 15 Nov.

In Andhra Pradesh, groundnut oil prices rose in parity with Gujarat and good

demand. There is less stock groundnut oil in the market. There is no parity in crush of groundnut

Groundnut Oil Prices (In Rs./ 10Kg)

20 Dec 2018 19 Dec 2018 Change

970 960 10

970 980 -10

930 930 Unch



Dec 21th

2018

(SOMA), has asked union commerce ministry to



is asking for six percent duty drawback on exports of groundnut.

Exporters of groundnut and sesame seeds have urged the Union government to

chandise Exports from India Scheme (MEIS) to boost the

The Gujarat government will conduct groundnut procurement in coordination

India Limited (Nafed).



lpractices at groundnut warehouses. As per the latest

Rs.43 crore has been procured from over 3700

Groundnut oil prices are expected to be supported by demand ahead of festivals.



d to close soon and NAFED will

In Andhra Pradesh, groundnut oil prices rose in parity with Gujarat and good

n crush of groundnut

Source

Agriwatch

Agriwatch

Agriwatch


Rice

Today’s Developments:

• By increasing the minimum support price (MSP) of Paddy by Rs. 1750 per quintal to 2500 rupees

per quintal by the Chhattisgarh government, the government p

increase. Chhattisgarh has targeted the target of 55 lakh tons of Paddy this year. The paddy

from state of Telangana, Andhra Pradesh and Orissa adjoining Chhattisgarh will now come to

illegal use in Chhattisgarh

• Due to the promise of increasing the MSP during the elections, government procurement of rice

in Chhattisgarh and Border States was halted. So far, 21.6 lakh tons of paddy has been procured

in Chhattisgarh. Paddy procurement is 60% higher than the target in Telangana and And

Pradesh.


• (18 Dec 2018)The preliminary estimation by AP

put the crop losses in an extent of 10,856 hectare (agriculture) and 405 hectare (horticulture).

Paddy crop in 5,857 hectare suffered damage and majority of it was in Krishna district.

• (18 Dec 2018)The paddy procurement that was intensified four days before the cyclone made

landfall has safeguarded the interests of the farmers. A total 11, 81,079.16

procured till December 17.

crop loss in around 405 hectare. The monetary value of the crop loss was put at Rs 9.64 crore of

which the required input subsidy is Rs 0.96 cro

sheep were also lost to the cyclone.

• (17 Dec 2018)The East Godavari district administration has made arrangements to procure 9.45

lakh metric tonnes of paddy from the farmers through the 294 paddy procurement c

arranged at different parts of the district during the current kharif harvesting season.

• (17 Dec 2018)In Andhra Pradesh, till December 12, the paddy sowing reached 1.02 lakh hectares

which is less than 52 thousand hectares from the same period of la

hectares, overall rabi paddy area is also down from last year area of 12.86 lakh hectares to 9.24

lakh hectares till date .

• (14 Dec 2018) -India’s rice stocks in the central pool as on Dec

million tons up by 8.33% from 30.13 million tons recorded during the corresponding period last

year, according to data from the Food Corporation of India (FCI). India's rice stocks in the central

pool are up by 19.34% by from 19.74 million tons recorded on Nov

be seen in the state of Punjab (47.98 lakh tons) followed by Telangana (16.52 lakh tons) and

Tamil nadu (12.34 lakh tons) and Uttar Pradesh (9.40 Lakh Tons). The highest stock recorded of

33.96 million tons recorded in Feb

• (12 Dec 2018) - Employees of the Indian Food Corporation (FCI) have gone on strike demanding

to review their wages, which are causing huge problems for the millers in delivering custom

milling rice in the central pool.

• (11 Dec 2018) - FCI has so far procure

million tonnes, this purchase will last till January 2019.

• (10 Dec 2018) - Philippines removed quotas on imported quantities of rice, after importing

quotas, 90 importers made import deals of 5 lak

Myanmar, Thailand and Taiwan.

• (10 Dec 2018) - Exports of non

October 2018, which was 13% less than the same period last year, during the same

year, 50 lakh tons of non-basmati rice was exported.


By increasing the minimum support price (MSP) of Paddy by Rs. 1750 per quintal to 2500 rupees

per quintal by the Chhattisgarh government, the government procurement of paddy will



of increasing the MSP during the elections, government procurement of rice


in Chhattisgarh. Paddy procurement is 60% higher than the target in Telangana and And


The preliminary estimation by AP agriculture and horticulture departments has



The paddy procurement that was intensified four days before the cyclone made

landfall has safeguarded the interests of the farmers. A total 11, 81,079.160 MT of paddy was

procured till December 17. On the other hand, 1,027 horticulture farmers suffered losses with


which the required input subsidy is Rs 0.96 crore. The Animal Husbandry department said 300

sheep were also lost to the cyclone.

The East Godavari district administration has made arrangements to procure 9.45

lakh metric tonnes of paddy from the farmers through the 294 paddy procurement c


In Andhra Pradesh, till December 12, the paddy sowing reached 1.02 lakh hectares

which is less than 52 thousand hectares from the same period of last year area of 1.54 lakh


India’s rice stocks in the central pool as on Dec- 1, 2018 stood at around 32.64

from 30.13 million tons recorded during the corresponding period last


pool are up by 19.34% by from 19.74 million tons recorded on Nov-01, 2018. Highest stock could



33.96 million tons recorded in Feb- 2018.

Employees of the Indian Food Corporation (FCI) have gone on strike demanding


milling rice in the central pool.

FCI has so far procured 195 lakh tonnes of paddy, the target of this year is 370

million tonnes, this purchase will last till January 2019.

Philippines removed quotas on imported quantities of rice, after importing

quotas, 90 importers made import deals of 5 lakh tons of rice, with the deal with Vietnam,

Myanmar, Thailand and Taiwan.

Exports of non-basmati rice from India were 43.6 lakh ton

October 2018, which was 13% less than the same period last year, during the same

basmati rice was exported.


Dec 21th

2018

By increasing the minimum support price (MSP) of Paddy by Rs. 1750 per quintal to 2500 rupees

rocurement of paddy will



of increasing the MSP during the elections, government procurement of rice


in Chhattisgarh. Paddy procurement is 60% higher than the target in Telangana and Andhra

agriculture and horticulture departments has



The paddy procurement that was intensified four days before the cyclone made

0 MT of paddy was

On the other hand, 1,027 horticulture farmers suffered losses with


re. The Animal Husbandry department said 300

The East Godavari district administration has made arrangements to procure 9.45

lakh metric tonnes of paddy from the farmers through the 294 paddy procurement centres


In Andhra Pradesh, till December 12, the paddy sowing reached 1.02 lakh hectares

st year area of 1.54 lakh


1, 2018 stood at around 32.64

from 30.13 million tons recorded during the corresponding period last


018. Highest stock could



Employees of the Indian Food Corporation (FCI) have gone on strike demanding


d 195 lakh tonnes of paddy, the target of this year is 370

Philippines removed quotas on imported quantities of rice, after importing

h tons of rice, with the deal with Vietnam,

India were 43.6 lakh tons as against April-

October 2018, which was 13% less than the same period last year, during the same period last

• (10 Dec 2018) - Exports of non

and import duty in Bangladesh.In October, the export of non

only 6.4 lakh tonnes, which was 7.24 lakh tonnes last year i.e. export of 12% decreased.

• (06 Dec 2018) - Along with Iran and other Gulf countries such as UAE and Dubai, demand for

Sela and steam rice is strong enough to increase rice exports, which is an indicator

growth.

Market Grade

BALOD PADDY 1001

BHATAPARA Paddy HMT

RAJIM Paddy-samba

Masuri

BADEPALLY PADDY-SONA

MAHBUBNAG

AR 1010

The information and opinions contained in the document have been compiled from sources believed to be reliable. The ccompleteness and correctness. Use of data and information contained in this report is at your own risk. This document is not,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 officers, directors and employees may have pothis document (or in any related investment) and may from time to time add to or dispose of any such commodities (or investme

at http://www.agriwatch.com/disclaimer.php © 2018 Indian Agribusiness Systems


Exports of non-basmati rice from India declined due to increased rice production

and import duty in Bangladesh.In October, the export of non-basmati rice from the country was

lakh tonnes, which was 7.24 lakh tonnes last year i.e. export of 12% decreased.

Along with Iran and other Gulf countries such as UAE and Dubai, demand for

Sela and steam rice is strong enough to increase rice exports, which is an indicator

Modal Price(Rs

/Qtl) Chang

e

Arrivals (Qtl)

20-Dec-

18

19-Dec-

18

20-Dec-

18

19-Dec

18

1470 1468 2 25 22

2220 2249 -29 20 24

1875 1862 13 85 91

1925 1924 1 55 51

1540 1551 -11 280 267

Disclaimer 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 be construed as, an offer to

s 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 officers, directors and employees may have positions inthis document (or in any related investment) and may from time to time add to or dispose of any such commodities (or investme

2018 Indian Agribusiness Systems Ltd.


Dec 21th

2018

basmati rice from India declined due to increased rice production

basmati rice from the country was

lakh tonnes, which was 7.24 lakh tonnes last year i.e. export of 12% decreased.

Along with Iran and other Gulf countries such as UAE and Dubai, demand for

Sela and steam rice is strong enough to increase rice exports, which is an indicator of future

Chang

e

Sourc

e Dec-

3 E-

nam

-4 E-

nam

-6 E-

nam

4 E-

nam

13 E-

nam

ompany does not warrant its accuracy, and should not be construed as, an offer to

s document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose sitions 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

ap daily commodities outlook report 2018-12-21...today’s developments: • ncdex has increased...

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