ap daily commodities outlook report 2019-05-22 · daily price monitoring report 22 nd may 2019 by...

Pulses

Today’s developments:

• Tur in Mumbai market traded up by Rs 50 to Rs5750. Buyers are active and processing of lemon

tur has increased with refreshed demand. It may move further up

• Even urad recovered by Rs 50 to Rs 5100 in Chennai market. Urad FAQ June was being quoted at

Rs 5350 for delivery in June.

• Delhi chana cash market moved up by Rs 50 to Rs 4850. Firmness is likely to continue as mills are

active. It may move to Rs 5000. At this level, stake holders should start releasing stock. Nafed have

ample stock and release from central pool is expected June onward. Arrival was reported at 30to

35 motors.

Recent Developments that are still Influencing Markets:

• (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 up to Rs 4775

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

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

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

barriers and traded above MSP(Rs 5675) in various markets. It

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 been restric

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

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

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

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

• ( 12 May 2019)Urad market may move up further by 150 to 200 f

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

Daily Price Monitoring Report

22nd May 2019

Tur in Mumbai market traded up by Rs 50 to Rs5750. Buyers are active and processing of lemon

tur has increased with refreshed demand. It may move further up by Rs 200 this week.

Even urad recovered by Rs 50 to Rs 5100 in Chennai market. Urad FAQ June was being quoted at

Delhi chana cash market moved up by Rs 50 to Rs 4850. Firmness is likely to continue as mills are

move to Rs 5000. At this level, stake holders should start releasing stock. Nafed have



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


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


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

Pulses price movement would depend on monsoon progress and result of Lok Sabha

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



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


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


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


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

if 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 J

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


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



Price Monitoring Report

May 2019

Tur in Mumbai market traded up by Rs 50 to Rs5750. Buyers are active and processing of lemon

by Rs 200 this week.

Even urad recovered by Rs 50 to Rs 5100 in Chennai market. Urad FAQ June was being quoted at

Delhi chana cash market moved up by Rs 50 to Rs 4850. Firmness is likely to continue as mills are

move to Rs 5000. At this level, stake holders should start releasing stock. Nafed have


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


hile Australian chana in

4700.kabuli Sudan at Mumbai was offered at


Pulses price movement would depend on monsoon progress and result of Lok Sabha

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

is still ruling up. However, all other



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


ted at 2lakh MT while


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

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


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.

$700 per MT. There is good demand in


rom current level as there is no



too has helped to push up quotes i

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

bulk users has started improving now.

• (09 May 2019)DGFT has received 6491 application for pulses im

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 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 & 329.10

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 procured 1.11lakh tonne tur in

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 Pradesh have procured2500 MT moong ea

● (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 i

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,

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 addition to this

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 ter

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 for

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. Good kharif crop prospects may

likely spike in food grains market.


22nd May 2019

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


bulk users has started improving now.

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



or import except peas. It would be interesting to see how the DGFT allocates

Procurement agencies have procured total 261953.94 MT chana till 7



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


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


on 1st May 2019.Tamil Nadu and Andhra Pradesh have procured2500 MT moong ea

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

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



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 addition to this

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


size this year may push tur cash market up towards MSP level in the medium ter

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 for

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

likely spike in food grains market.


May 2019

n Myanmar. Right now import parity is higher. In near future


port. Out of all applications around



or import except peas. It would be interesting to see how the DGFT allocates

Procurement agencies have procured total 261953.94 MT chana till 7th May-



MT respectively so far.

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


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


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

4400. Weak demand amid

n the short term. There is some hope



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

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


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 $ 700-710 per MT. It

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

improved. Even Australian weather department has changed its forecast

Nino impact would be for a

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



Andhra Pradesh Yemmiganur

Andhra Pradesh Kurnool

Maharashtra Akola

Andhra Pradesh Vijayawada



Rajasthan Jodhpur

Karnataka Gulbarga

Madhya Pradesh Harda




Andhra Pradesh Kurnool

Andhra Pradesh Yemmiganur

Madhya Pradesh Indore

Rajasthan Bikaner


22nd May 2019

Urad


Chang

e

Arrivals (Qtl)

Chang21 May

2019

20 May

2019

21

May

2019

20

May

2019

8500 8500 Unch NA NA

6200 6300 -100 1500 2000 -

6031 5980 51 5 20

5150 5200 -50 NA NA

Tur


Chang

e

Arrivals (Qtl)

Chang21 May

2019

20 May

2019

21

May

2019

20

May

2019

NA 5019 - NA 2

5758 5531 227 20 4

6000 6100 -100 139 97

5600 5600 Unch NA NA

Moong


Chang

e

Arrivals (Qtl)

Chang21 May

2019

20 May

2019

21

May

2019

20

May

2019

5770 5210 560 6 4

NA 5224 - NA 50

NA 6380 - NA 1623

6200 6300 -100 200 500 -

Chana


Chang

e

Arrivals (Qtl)

Chang21 May

2019

20 May

2019

21

May

2019

20

May

2019

4351 4108 243 2 12

NA NA - NA NA

4650 4700 -50 1500 1400

4449 4340 109 115 100


May 2019

Chang

e Source

- Agriwatch

-500 Agriwatch

-15 Agmarkne

t

- Agriwatch

Chang

e Source

- eNAM

16 eNAM

42 eNAM

- Agriwatch

Chang

e Source

2 eNAM

- Agmarkne

t

- Agmarkne

t

-300 Agriwatch

Chang

e Source

-10 eNAM

- eNAM

100 Agriwatch

15 eNAM

Chana at NCDEX

Contract Open High

19-May 4655 4700

19-Jun 4711 4744

19-Jul 4776 4779

As on 21st May - 2019 at 6pm


22nd May 2019

High Low Close Change Volume

4700 4634 4696 32 52520

4744 4685 4744 32 13190

4779 4748 4796 3 1790

2019 at 6pm


May 2019

Volume O.Int

52520 133250

13190 50480

1790 2080

Rs/Quintal

Groundnut

Current Developments:

• No significant updates today.

Recent Developments that are still Influencing Markets:• (21.05.2019) As on 16thMay 2019,

MT respectively in India. It has disposed total 8.82 lakh tonnes of groundnut K

remaining balance at 1.62 lakh tonnes so far in Gujarat market only. Additionally, Nafed has sold

total 1.94 lakh tonnes of groundnut K

• (17.05.2019) As on 15th May 2019,

12570 MT respectively in India. It has disposed total 876864.41 MT of groundnut K

remaining balance at 167838.25 MT so far in Gujarat market only. Additionally, Nafed has sold

total 190873.07 MT of groundnut K

• (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.

386594 MT in April to February 2019.

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

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

Mana 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 qua

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

season.

• (07.03.2019) In the second adv

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

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 p

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.


22nd May 2019

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

May 2019,Nafed sold total groundnut K-17 & K-18 at 5150 MT and 3164

MT respectively in India. It has disposed total 8.82 lakh tonnes of groundnut K-


total 1.94 lakh tonnes of groundnut K-18 and holds remaining balance at 5.08 lakh tonnes so far

May 2019,Nafed sold total groundnut K-17 & K-18 at 18060 MT and

12570 MT respectively in India. It has disposed total 876864.41 MT of groundnut K


total 190873.07 MT of groundnut K-18 and holds remaining balance at 511903.73 MT 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.

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

Human Natural Resources Development Society (HANDS), an

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


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



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


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

4% than the production of 66.15 million tonnes in 2nd Advance Estimates of 2017


) 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

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

t 0.58 lakh hac. in this year lower than 0.85 lakh hac. in the previous year.

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

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.


May 2019

18 at 5150 MT and 3164

-17 and holds


8 and holds remaining balance at 5.08 lakh tonnes so far.

18 at 18060 MT and

12570 MT respectively in India. It has disposed total 876864.41 MT of groundnut K-17 and holds


s remaining balance at 511903.73 MT so far.

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

504038 MT in last year

However, the shipment is higher by 26.290% as compared to

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

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

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


lity of seeds. There was a load



anced estimates, ministry expects lower Indian groundnut crop


19 is estimated at 54.41 lakh tonnes which is lower by

Advance Estimates of 2017-18. Less


tonnes for 2018/19 season

tonnes as farmers covered the lower

groundnut area in India has been reported

1 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


22nd May 2019

Groundnut

Variety

Modal Price

(Rs/Qtl)

Change

Arrivals (Qtl)

21-

May-

19

20-

May-

19

21-

May-

19

20-

May

19

6003 5923 80 18 11

Local NA NA NA NA NA



Local 5393 5290 103 37 31


NA NA NA NA NA

5589 4501 1088 11 16

JL-24 NA NA NA NA NA




Other NA NA NA NA NA


5500 5640 -140 10 35

NA NA NA NA NA

NA NA NA NA NA

NA 4380 NA NA 10

3900 4500 -600 12 164

4822 5029 -207 2 12

2839 NA NA 2 NA

NA NA NA NA NA

NA 5269 NA NA 8


May 2019

Arrivals (Qtl)

Change Source

May-

7 NAM

NA Agmarknet

NA Agmarknet

NA Agmarknet

6 NAM

NA Agmarknet

NA Agmarknet

-5 NAM

NA Agmarknet

NA Agmarknet

NA Agmarknet

NA Agmarknet

NA Agmarknet

NA Agmarknet

-25 NAM

NA NAM

NA NAM

NA NAM

-152 NAM

-10 NAM

NA NAM

NA NAM

NA NAM

Onion

Today’s Development:

• Prices are trading firm in most of the markets and are likely to increase further as lower

production estimates in Maharashtra.

Recent Developments that are still influencing the Market:

• (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 crop estimation this year.

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

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 mos

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 antic

• (6th May 2019) - Prices have started to strengthen and are expected to rise further

months because of lower rabi

• (3rd May 2019) - Across the country fresh crop

Rajasthan, Madhya Pradesh and Gujarat.

• (3rd May 2019) - Prices in coming months are expected to remain on higher side because of

lower Rabi acreage in major producing regions.

• (2nd May 2019) - In Maharashtra, most of

on 1st May.

Price and Arrivals in Major Markets

State Market Modal Wholesale Prices (Rs/Qtl)

21-May-19

Gujarat Ahmedabad 700

Rajkot 700

Karnataka Bangalore 900

Belgaum NA

Madhya Pradesh Indore 700

Maharashtra Lasalgaon 960

Pune 800

Andhra Pradesh Kurnool NA

Rajasthan Jaipur 750

Telangana Hyderabad 1000


22nd May 2019

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

production estimates in Maharashtra.

Recent Developments that are still influencing the Market:

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


In Lasalgaon, modal prices are trading near Rs 950/ quintal comp

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.

Onion 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


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.

In Maharashtra, most of the markets reported closed amid Maharashtra Day


Onion

Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons

19 20-May-19 Change 21-May-19 20-May-

875 -175 478 813

625 75 120 200

750 150 1565 223

NA - NA NA

600 100 1300 1143

NA - 1355 NA

NA - 1048 NA

NA - NA NA

800 -50 480 516

750 250 300 450


May 2019

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

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


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

t of the markets because farmers are fetching

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

30th April 2019) are


ipated production may be better prices compared to last year.

have started to strengthen and are expected to rise further in coming

is coming in market from Maharashtra,

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

reported closed amid Maharashtra Day

Arrivals in Tons Source

-19 Change

-335 Agmarknet

-80 Agmarknet

1342 Agmarknet

- Agmarknet

158 Agmarknet

- Agmarknet

- Agmarknet

- Agmarknet

-36 Agmarknet

-150 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

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

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

compared to last year.

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

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 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 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 will pick pace.

• (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/Qtl)

21-May-19

Andhra Pradesh Palamaner 800

Karnataka Bangalore 1350

Belgaum NA

Gujarat Surat 925

Madhya Pradesh Indore 1000

Maharashtra Pune 1300

Delhi Delhi 771

Uttar Pradesh Agra 730


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:

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

al 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,


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 fir

In Gujarat, traders are expecting approximately 75% capacity utilization


capacity is approximately 28.75 lakh tons.

traders are expecting approximately 85% capacity utilization compared


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


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

19 20-May-19 Change 21-May-19 20-May

800 Unch 0.4 0.4

1175 175 556 526

NA - NA NA

900 25 600 720

1000 Unch 224 226

NA - 567 NA

771 Unch 1452 287

710 20 1650 1865


22nd 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

al 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,


near Rs 700/ quintal compared to Rs 1230/

quintal in corresponding period 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


traders are expecting approximately 85% capacity utilization compared


rs are releasing crop stocked in

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


because release from


May-19 Change

Unch NAM

30 Agmarknet

- Agmarknet

-120 Agmarknet

-3 Agmarknet

- Agmarknet

1165 Agmarknet

1865 -215 Agmarknet

Tomato

Today’s Developments:

• 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 influe

• (21st May 2019) - In Madanapalle, Prices has touched a level of Rs 4080/ quintal and are likely

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

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 the week period amid lower crop size from producing

regions.

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

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

arrivals of summer crop in coming days.

• (6th May 2019) - 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

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

• (3rdMay 2019) - Prices are expected to remain on higher side amid lower crop size from

producing regions.


State Markets Modal Wholesale Prices (Rs/Qtl.)

21-May

Andhra

Pradesh

Mulakalacheruvu 2200

Madanapalle 2650

Kalikiri 2000

Pattikonda NA

Gurramkonda 2400

Karnataka Chintamani 1933

Kolar 1833

Maharashtra Pune 1700

Delhi Delhi 1369

Telangana Bowenpally NA


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


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


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



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


Prices are expected to remain on higher side amid lower crop size from


Tomato

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

May-19 20-May-19 Change 21-May-19 20-May

2200 2700 -500 34 32

2650 4080 -1430 50 23

2000 2000 Unch 7 5

NA - NA NA

2400 1000 1400 3.80 3.50

1933 NA - 47 NA

1833 2067 -234 358 278

1700 NA - 76 NA

1369 1267 102 345 284.3

NA - NA NA


22nd May, 2019

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


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

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

Tomato prices are 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


declined by almost



Rs300/ quintal because of

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


Prices are expected to remain on higher side amid lower crop size from


May-19 Change

2 Agmarknet

27 NAM

2 NAM

- NAM

3.50 0.30 NAM

- Agmarknet

80 Agmarknet

- Agmarknet

284.3 61 Agmarknet

- Agmarknet

Turmeric


• No significant development today.


• 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 Marathwada 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 rain

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.

• 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.

production may go down further as Maharashtra

Prices & Arrivals

Turmeric

State Market Varie

ty


21

Andhra

Pradesh

Duggiral

a

Finge

r 6091

Bulb 6091

Kadapa Finge

r 6412

Bulb 5917

Telangan

a

Nizama

bad

Finge

r 5750

Bulb 5550

Warang

al

Finge

r 6450

Roun

d 6550

Tamil

Nadu Erode

Finge

r 6943

Bulb 6454


No significant development today.


, 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 Marathwada and Vidharbha will support the market in the coming days

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 rain


down and likely to support prices.

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

ainfall 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)

21-May-

19

20-May-

19

21-May-

19

20-May-

19

6091 5775 316

189 267

6091 5825 266

6412 5589 553

63 59

5917 6110 -193

5750 5800 -50

197 176

5550 5445 105

6450 6250 200

2600 3250

6550 6350 200

6943 6899 44

643.6 764.7

6454 6179 275


22nd May, 2019

, 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

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


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

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

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

standing crop is at very crucial stage.

Chan

ge Source

-78 NAM

4 NAM

21 NAM

-650 Agriwat

ch

-

121.1

Agmark

net

Chilli


• No Significant Development Today


• 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 the Guntur spot market as normal quality supply reported lower, till now around 11,250 MT traded 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

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 t

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

State Market Variety


21-May-19

Andhra

Pradesh Guntur

Teja 10500

334 7700

Telangana Khammam Red NA

Warangal Talu 2300


Significant Development Today


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


forward stocks reported less.

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

ces 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 t


hectares to 127,032 hectares.

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

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

Red Chilli


Change

Arrivals (Qtl)

19 20-May-

19

21-May-

19 21-May-19

8000 2500 82 36

6400 1300 26 64

NA - NA NA

2500 -200 18720 26050


22nd 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

Chilli cold storage stocks entered in the Guntur spot market as normal quality supply reported already, before summer vacation (likely to start from 9th

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

around 310,500 to 315,000 MT


In Guntur 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


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

Change Source 19

46 NAM

-38 NAM

- Agmarknet

-7330 Agmarknet

Maize


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

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

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

• China’s Sinograin is expected to auction

on 22 May 2019. The corn was produced during 2015

• 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 planti

forecast of 84.6 million

• 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

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 at 30% vs 23% a week ago and 66%, 5

2019.

• 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 M), South Korea

(57,600 MT), and Guatemala (36,400 MT, including 600 MT switched fr


• In Ahmedabad region of Gujarat, poultry feed makers quoted maize steady at Rs. 2250 per

quintal also starch feed makers quoted it slightly higher at Rs.2250 per quintal.

• 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

current level due to good demand from feed manufacturers.


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


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

ender seeks corn (maize) free of genetically-modified organisms (GMOs). The


shipment period was June 15 and July 15 - Reuters.

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

on 22 May 2019. 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

The IEG figure 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


production fell to 80.7 million tonnes because of a drought.

US corn planting is lagging at 30% vs 23% a week ago and 66%, 5-year ago, as on 14 May 14,

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 period

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



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


In Ahmedabad region of Gujarat, poultry feed makers quoted maize steady at Rs. 2250 per


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

current level due to good demand from feed manufacturers.


22nd May, 2019

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


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

modified organisms (GMOs). The


75,000 tonnes of its maize reserve in the inner Mongolia

– 69,000 tonnes in

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

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

ngs 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


year ago, as on 14 May 14,

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



om El Salvador).

In Ahmedabad region of Gujarat, poultry feed makers quoted maize steady at Rs. 2250 per


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 Ben

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. 2300 per quintal and U.P at Rs. 2200 per quintal; sourced

from Bihar.

Prices & Arrivals:

State/

District Market Grade

Telangana Nizamabad Bilty

Bihar Gulabbagh Bilty

Karnataka Davangere Bilty

Delhi Delhi Loose

Andhra Pradesh Kurnool Loose


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



Maize is moving towards Punjab at Rs. 2300 per quintal and U.P at Rs. 2200 per quintal; sourced

Maize

Grade Modal Price (Rs./Qtl)

Change Arrivals (Qtl)

21-May-19 20-May-19 21-May-19 20

2150 2150 Unch 4000

1860 1900 -40 10000

2350 2350 Unch 1000

2050 2050 Unch NA

1530 1520 10 4

*Difference between current and previous day’s prices.


22nd May, 2019

2500 per quintal, Namakkal at Rs. 2360 per



Maize is moving towards Punjab at Rs. 2300 per quintal and U.P at Rs. 2200 per quintal; sourced

Arrivals (Qtl) Change Source 20-May-19

5000 -1000 AGRIWATCH

10000 Unch AGRIWATCH

1000 Unch AGRIWATCH

NA - AGRIWATCH

3 1 ENAM


Sugar


• 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 additional a

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.


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


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’sKhatauli 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


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


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


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


The food ministry yesterday released the notification allocating 21 LMT monthly

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


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


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


22nd May, 2019

Mills are warned by


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


with the mills finally

The total dues of Maharashtra’s sugar mills to


19 marketing year is expected to be

with the opening balance of 10.7 million tonnes as on


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


The food ministry yesterday released the notification allocating 21 LMT monthly

. Those sugar mills which have completed their


llocation @ 10% of


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

ell 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.9,536

crore. 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 (STA

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 i

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

Prices

State/ District Market

Maharashtra Kolhapur

Uttar Pradesh Khatauli


Delhi Delhi


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


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


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

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


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


rs 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.102,500 crore sugar market in India, as


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)

Change21 May-19 20 May-19

Kolhapur 3120 3120 unch

Khatauli 3425 3410 +15

Vijayawada 3680 3680 unch

3300 3300 unch


22nd May, 2019

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

India exported only


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


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

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


I) has urged the government to

so that the sugar millers can overcome


rs 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.102,500 crore sugar market in India, as


s expected to have lower production

Change Source

unch AW

+15 AW

unch AW

unch 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 southern states, Telangana’s total cotton

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 t

from 451 kg in the previous year.


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


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


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

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



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


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


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 t

from 451 kg in the previous year.


22nd 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


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


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



,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


Prices are expecting to raise

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


The largest producer among the 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.But,

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 bales, e

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 fa

• (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 by

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 export sales report showed net sales for both marketing

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

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

Prices & Arrivals



21-May

Gujarat Rajkot 6065

Andhra Pradesh Adoni 6400

Andhra Pradesh Guntur NA

Andhra Pradesh YEMMIGANUR NA


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,


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.


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

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


6.7% regarding global production for 2019.

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

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


Change

Arrivals (Qtl)

May-19 20-May-19 21-May-19 20-May

6065 6140 -75 620 825

6400 6399 -1 1171 1668

NA - NA NA

NA - NA NA


22nd 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,


55,000 to 70,000 bales

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

xports of 4.70 million bales and a

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


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

growing regions, as per

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


(16th Apr 2019) The weekly 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


• According to cargo surveyor SocieteGenerale

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

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.


• (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 s

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 Malays

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 swine flu and

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 in crude oil due to OPEC supply cuts is expected to

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

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.

• (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, much lower than


According to cargo surveyor SocieteGenerale de Surveillance (SGS), Malaysia’s May 1

oil exports rose 5.6 percent to 992,313 tons compared to 939,657 tons in corresponding period


d States at 105,220 tons (23,316 tons), China at 99,290 tons (140,425 tons)


ecent Developments that are still Influencing Markets:

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 ma

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 s



maturing plants. Palm oil exports rose from Malaysia in May due to firm demand from India and



alm oil as it is importing lower amount of soybean due to swine flu and


higher imports of palm oil. Ringgit has depreciated below 4.17/USD leading to high


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



th low prices of palm oil. Followed by this step, Malaysia intends to increase its

biodiesel output to recede increasing high palm oil stocks.

According to Indonesia trade ministry, Indonesia kept May crude palm oil export

zero. The reference price is set at USD 573.31 per ton, much lower than


22nd May, 2019

de Surveillance (SGS), Malaysia’s May 1-20 palm

tons in corresponding period


d States at 105,220 tons (23,316 tons), China at 99,290 tons (140,425 tons)


According to Solvent Extractors 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

2018. Imports 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



due to firm demand from India and



alm oil as it is importing lower amount of soybean due to swine flu and


/USD leading to higher demand of


Malaysia intends to keep crude palm oil export duty unchanged at zero until

high stocks of palm oil in the country, according to trade



th low prices of palm oil. Followed by this step, Malaysia intends to increase its

According to Indonesia trade ministry, Indonesia kept May crude palm oil export

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

2017.

• (10 Apr 2019)-According to Malaysia Palm Oil Board (MPOB), Malaysia’s March pal

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

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)


Crude Palm Oil (FFA 5%)

Gujarat Kandla

Andhra Pradesh Krishnapatnam

RBD Palmolein

Gujarat Kandla

Andhra Pradesh Kakinada


Palm Oil at MCX

Contract Open High

30-Jun-19 527.00 52

31-Jul-19 530.50 530.

31-Aug-19 -

As on 21-May-2019 at 9 pm



According to Malaysia Palm Oil Board (MPOB), Malaysia’s March pal



Exports of palm oil in March rose 22.37 percent to 16.18 lakh tons compared to 13.22 lakh tons



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.

CPO and PKO) were fell 10.6 m-o-m in Feb at 2.77 MMT compared to Jan


Market 21May 2019 20 May 2019 Change

Kandla 529 534 -5

Krishnapatnam 492 500 -8

Kandla 595 595 Unch

Kakinada 590 592 -2



High Low Close Change Volume

(Lots)

529.00 522.00 523.00 -4.30 1415

530.50 524.80 525.80 -3.60 114

- - 526.00 - 0

2019 at 9 pm


22nd May, 2019


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



16.18 lakh tons compared to 13.22 lakh tons



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


Change Source

Agriwatch

Agriwatch

Unch Agriwatch

Agriwatch

Agriwatch


Volume

Lots) O. Int

1415 3885

343

2

2019 at 9 pm Rs/Quintal

Sunflower oil


• No significant development today.


• (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 market

Rs 5 per 10 kg from last week.

to Rs 160 per 10 kg Rs 135

higher on firm demand and parit

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 wil

prices.

• (10 Apr 2019)-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. Sun

26 lakh tons from 23 lakh tons in its earlier estimate, higher by 13 percent.

• (29 Mar 2019)-Across board weakness is seen in sunflower cash markets in March. Sunflower oil

CNF also showed weakness but at a lower

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)


Tamil Nadu Chennai


Andhra Pradesh Kakinada


No significant development today.


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

2.94 lakh 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 per ton

per ton last week and premium in domestic markets have reached to 0 per 10 kg

ed 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 wil

According to United States Department of Agriculture (USDA) April 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.

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

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 21May 2019 20 May 2019 Change

Chennai 770 775 -5


Kakinada 760 768 -8



22nd 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

NF markets have increased 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

y 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

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,


flower oil consumption have been raised to

Across board weakness is seen in sunflower cash markets in March. Sunflower oil

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

soy oil is expected to increase demand in increase import demand. Further weakness in

Change Source

Agriwatch

Agriwatch

Agriwatch


Groundnut oil

Today’s Developments

• No significant updates today.


• (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 almo

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 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

against good stock position and pressure on prices due to harvest of groundnut.

• (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

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 price

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 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 u

by fall in prices of palm oil.

Prices:

Groundnut Oil Prices (In Rs. / 10Kg)


Gujarat Rajkot

Telangana Hyderabad

Tamil Nadu Chennai


No significant updates today.

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’s


Groundnut oil prices are supported by firm demand. Retail demand improved due

y in groundnut oil prices. Prices of groundnut oil will be capped as peak demand


groundnut oil prices. In Andhra Pradesh groundnut oil prices are falling due to


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 and palm oil will cap gains in groundnut oil prices. In Andhra Pradesh groundnut oil prices are


Groundnut oil prices increased on improved demand. However, Groundnut oil

in under pressure further due to high stocks of groundnut with NAFED.Also,


groundnut oil. There is parity in crush of groundnut for old crop. Groundnut oil is u

by fall in prices of palm oil.

10Kg)

21May 2019 20 May 2019 Change

1060 1025 35

1100 1100 Unch

1080 1090 -10



22nd 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

st high in all the key states of India followed by good miller’s


Groundnut oil prices are supported by firm demand. Retail demand improved due

y in groundnut oil prices. Prices of groundnut oil will be capped as peak demand


groundnut oil prices. In Andhra Pradesh groundnut oil prices are falling due to weak demand


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



s. In Andhra Pradesh groundnut oil prices are


Groundnut oil prices increased on improved demand. However, Groundnut oil

in under pressure further due to high stocks of groundnut with NAFED.Also,


groundnut oil. There is parity in crush of groundnut for old crop. Groundnut oil is underpinned

Source

Agriwatch

Agriwatch

Agriwatch


Rice


• In Tamilnadu, rice millers are worried about a

resultant increase in prices of paddy this season. A 75

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

at a price of Rs 2,785 per quintal.

Recent Developments that are still influencing the Markets:

• (16 May 2019)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 f

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 f

the same period last year.

• (14 May 2019)Foreign Minister Shah Mehmood Qureshi has said that Qatar has banned

Pakistani Basmati rice. Qatar had

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 rec

include Pakistani rice in the tender documents of the Central Tendering Committee which falls

directly under the purview of Qatar’s Ministry of Economy and Commerce.

• (13 May 2019)An important agricultural productive state of South India An

target of production of sowing area and production of different crops has been set for the

forthcoming kharif season. It has set target of 84.59 lakh tons of paddy, 5.35 lakh tons of maize,

2.37 lakh tons of arhar (tuvar) and total 95.86

Pradesh Agriculture Ministry has increased the production estimation of paddy in the next

season. According to the Ministry of Agriculture, the production target of paddy in the next

season was 84.6 lakh tons, which was 78.28 lakh tons last year.

• (10 May 2019)Under the FCI OMSS scheme, on May 8, Mizoram sold 1,500 metric tonnes of rice


• (09 May 2019)As per latest update exports of Potato, Onion, Rice, Wheat Flour, Sugar, Dal and

Eggs have been exempted from any domestic restriction or prohibitions with effect from

April’19 under bilateral trade agreement between India and Maldives. The export quantity

Rice and Wheat flour for 2019

respectively. The quantity for Rice and Wheat flour is higher by 88.51% and 78.28% respectively

compared to 2018-19. India is pushing its exports through via G2G trade

• (06 May 2019)The Central Government asked the State Governments to give subsidy of Rs.

500 per quintal to the subsidy given on the old paddy seed

rupees per quintal for the paddy of New Variety, the purpose behind this i

seeds Reduced.

• (06 May 2019)High alert released today before 'Fani' storm in Orissa.

the Andhra Pradesh / coastal region.

• (01 May 2019)Ivory Coast banned rice imports from Singapore

International for one year after destroying an 18,000


ice millers are worried about a drop-in paddy arrival from other States and the

resultant increase in prices of paddy this season. A 75-kg bag of paddy that sold at

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


Recent Developments that are still influencing the Markets:

Bengal's rice industry was suffering losses due to lower demand and due to


exports from West Bengal. Last year, Bangladesh imposed 28% duty on rice imports f

basmati rice exports came down heavily for Bangladesh. Because of this,


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

that the Basmati rice should be Indian. The foreign minister revealed that Qatar


matter with Qatar. Qatar annually imports 200,000 tonnes of rice. Qatar had rec


directly under the purview of Qatar’s Ministry of Economy and Commerce.

An important agricultural productive state of South India An

of sowing area and production of different crops has been set for the


2.37 lakh tons of arhar (tuvar) and total 95.86 lakh tons of food-grains production.



, which was 78.28 lakh tons last year.

Under the FCI OMSS scheme, on May 8, Mizoram sold 1,500 metric tonnes of rice


As per latest update exports of Potato, Onion, Rice, Wheat Flour, Sugar, Dal and


under bilateral trade agreement between India and Maldives. The export quantity

Rice and Wheat flour for 2019-20 is 89.45 thousand tonnes and 78.61 thousand tonnes


19. India is pushing its exports through via G2G trade.

The Central Government asked the State Governments to give subsidy of Rs.

to the subsidy given on the old paddy seed and to give the incentive of 1000

rupees per quintal for the paddy of New Variety, the purpose behind this is that the use of old

High alert released today before 'Fani' storm in Orissa. 'Fani' storm was slow in

the Andhra Pradesh / coastal region.

Ivory Coast banned rice imports from Singapore-based commodity trader

after destroying an 18,000-tonne shipment of spoilt.


22nd May, 2019

from other States and the

kg bag of paddy that sold at Rs.1, 200, is

rice from Karnataka was sold

Bengal's rice industry was suffering losses due to lower demand and due to


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,


rom India compared to 70 lakh tons in

Foreign Minister Shah Mehmood Qureshi has said that Qatar has banned

put some conditions for importing Basmati rice. One of the

that the Basmati rice should be Indian. The foreign minister revealed that Qatar


matter with Qatar. Qatar annually imports 200,000 tonnes of rice. Qatar had recently agreed to


dhra Pradesh, the

of sowing area and production of different crops has been set for the


grains production. The Andhra



Under the FCI OMSS scheme, on May 8, Mizoram sold 1,500 metric tonnes of rice

As per latest update exports of Potato, Onion, Rice, Wheat Flour, Sugar, Dal and


under bilateral trade agreement between India and Maldives. The export quantity for

20 is 89.45 thousand tonnes and 78.61 thousand tonnes


The Central Government asked the State Governments to give subsidy of Rs.

and to give the incentive of 1000

s that the use of old

'Fani' storm was slow in

based commodity trader Olam

tonne shipment of spoilt.

Prices & Arrivals


CHHATTISGARH BALOD

CHHATTISGARH BHATAPARA

CHHATTISGARH RAJIM

TELANGANA BADEPALLY

TELANGANA MAHBUBNAGAR

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 be construed as, an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed orpart, 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 in any commodities mentioned in this document (or in any related investment) and may from time tdispose of any such commodities (or investment). Please see the detailed disclaimer at © 2019 Indian Agribusiness Systems Ltd.


Rice

Modal Price (Rs

/Qtl) Change

Arrivals (Qtl)

21-May-

19

20-May-

19

21-May-

19

20-May

19

1855 1900 -45 12 22

1845 1822 23 11 29

1820 1755 65 2 7

1780 1750 30 25 22

MAHBUBNAGAR 1920 1900 20 23 22

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 document is not, and should not be construed as, an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or

urpose without prior permission from the Company. IASL and its affiliates and/or their officers, directors and employees may have positions in any commodities mentioned in this document (or in any related investment) and may from time t

pose of any such commodities (or investment). Please see the detailed disclaimer at © 2019 Indian Agribusiness Systems Ltd.


22nd May, 2019

Change Source May-

19

22 -10 E-nam

29 -18 Agriwatch

7 -5 Agriwatch

22 3 NAM

22 1

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its report is at your own risk. This document is not, and should not

be 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 urpose without prior permission from the Company. IASL and its affiliates and/or their officers, directors and

employees may have positions in any commodities mentioned in this document (or in any related investment) and may from time to time add to or pose of any such commodities (or investment). Please see the detailed disclaimer at © 2019 Indian Agribusiness Systems Ltd.

ap daily commodities outlook report 2019-05-22 · daily price monitoring report 22 nd may 2019 by...

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