ap daily commodities outlook report 2019-05-27 agriculture rep… · daily price monitoring report...

Pulses

Today’s developments:

• The govt may hike pulses import quota for millers due to tightening supply of tur in domestic

market and lower production in other origins too. Tur price in domestic market has crossed MSP

level and is ruling at Rs5800

additional import of few lakh MT of tur alone. The current quota fixed at 2 lakh MT.

• Market sources expect tur import to increase by 6 to 7 lakh MT,if govt. permits addition import to

control increasing price of tur.India imports tur fro

yellow peas from Canada, Ukraine and Russia. Currently, India allows 2lakh MT tur import and 1.5

lakh MT each Urad, Moong and peas.

• Monsoon is going to play an import role in influencing the prices of pulses and

import. If monsoon is weak, possibility of higher import looms large.

• Pressure on chana cash market continues and prices declined by Rs 100 to Rs4550

cash market. Miller’s sluggish interest at higher level, weak futures an

remain price affecting factor. Chana in Delhi market is likely to trade at Rs 4500

week.

• Pressure was seen on cash moong market with the commencement of new arrival. However, lower

stock for quality crop and good demand at current level would not allow moong market to

decrease beyond a certain level. Summer crop in Bihar, MP and UP is almost ready to be harvested

now. However, demand from Papper industries and dal mills continues. It would help market to

sustain at current level. Once the pressure from summer crop decreases, moong would trade firm

again.It is being traded at Rs6500

Recent Developments that are still Influencing Markets:

• (23 May ,2019)Govt may increase tur import quota sensing short supply in coming months.

• (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 mo

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

• (18 May 2019)Pulses price movement would depend on monsoon progress and result of 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 is still ruling up. However, all other

pulses tried to touch MSP but could not touch its MSP level.If sitting govt. is elec

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 sourc

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

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

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

tone remains firm.

Daily Price Monitoring Report

25 May

may hike pulses import quota for millers due to tightening supply of tur in domestic


level and is ruling at Rs5800-6100 per qtl., depending on quality of the crop. Govt may allow


Market sources expect tur import to increase by 6 to 7 lakh MT,if govt. permits addition import to

control increasing price of tur.India imports tur from Malawi and Tanzania,Urad fromMyanmar and


lakh MT each Urad, Moong and peas.

Monsoon is going to play an import role in influencing the prices of pulses and

import. If monsoon is weak, possibility of higher import looms large.

Pressure on chana cash market continues and prices declined by Rs 100 to Rs4550

cash market. Miller’s sluggish interest at higher level, weak futures and higher stock in central pool

remain price affecting factor. Chana in Delhi market is likely to trade at Rs 4500

Pressure was seen on cash moong market with the commencement of new arrival. However, lower

d good demand at current level would not allow moong market to



tain at current level. Once the pressure from summer crop decreases, moong would trade firm

again.It is being traded at Rs6500-6900 in Delhi market


may increase tur import quota sensing short supply in coming months.

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

Rs4650.Market fundamental remains supportive to cash chana market and it may mo

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


pulses tried to touch MSP but could not touch its MSP level.If sitting govt. is elec


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



level.in Gulberga market tur is being traded at Rs5550

Price Monitoring Report

May 2019

may hike pulses import quota for millers due to tightening supply of tur in domestic


op. Govt may allow


Market sources expect tur import to increase by 6 to 7 lakh MT,if govt. permits addition import to

m Malawi and Tanzania,Urad fromMyanmar and


Monsoon is going to play an import role in influencing the prices of pulses and govt.’s strategy of

Pressure on chana cash market continues and prices declined by Rs 100 to Rs4550-4600 in Delhi

d higher stock in central pool

remain price affecting factor. Chana in Delhi market is likely to trade at Rs 4500-4650 per qtl. this

Pressure was seen on cash moong market with the commencement of new arrival. However, lower

d good demand at current level would not allow moong market to



tain at current level. Once the pressure from summer crop decreases, moong would trade firm

may increase tur import quota sensing short supply in coming months.

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


4800 in Delhi while Australian chana in

4700.kabuli Sudan at Mumbai was offered at

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

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

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


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


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

ed from African countries have helped



level.in Gulberga market tur is being traded at Rs5550-5750.Overall

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

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

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 app

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 mille

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

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

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

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

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

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

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

quantity for applicants.

● (08 May 2019) Procurement agencies have

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

● (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 term. Crop in Burma

is one and a half month away from now and forward deals ha

hints market to move up.


25 May

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

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

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

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

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

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

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

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



cash market. However, overall tone remains bullish.

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


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


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

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



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


May 2019

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

parts of excess old

demand side is almost balanced right now. But one bad

lications for import. It

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

350 in a week time.

rs. Tur lemon in Mumbai was traded at Rs5450-5500 per qtl.



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


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


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.

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

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



ve been struck at $ 700-710 per MT. It

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


25 May

Urad


Change

Arrivals (Qtl)

Change 25 May

2019

24 May

2019

25

May

2019

24

May

2019

8500 8500 Unch NA NA

6100 6100 Unch 1000 1000 Unch

NA 5871 - NA 500

5075 5100 -25 NA NA

Tur


Change

Arrivals (Qtl)

Change 25 May

2019

24 May

2019

25

May

2019

24

May

2019

NA NA - NA NA

5669 5719 -50 20 10 10

5875 5800 75 60 121 -

5800 5800 Unch NA NA

Moong


Change

Arrivals (Qtl)

Change 25 May

2019

24 May

2019

25

May

2019

24

May

2019

6200 5900 300 5 13

5850 5781 69 50 30 20

5990 NA - 2071 NA

6300 6300 Unch 200 200 Unch

Chana


Change

Arrivals (Qtl)

Change 25 May

2019

24 May

2019

25

May

2019

24

May

2019

4381 NA - 3 NA

NA NA - NA NA

4600 4600 Unch 1200 1500 -300

NA NA - 25 115 -


May 2019

Change Source

- Agriwatch

Unch Agriwatch

- Agmarknet

- Agriwatch

Change Source

- eNAM

10 eNAM

-61 eNAM

- Agriwatch

Change Source

-8 eNAM

20 Agmarknet

- Agmarknet

Unch Agriwatch

Change Source

- eNAM

- eNAM

300 Agriwatch

-90 eNAM

Chana at NCDEX

Contract Open High

19-Jun 4639 4661

19-Jul 4690 4711

19-Aug 4746 4765

As on 24th May - 2019 at 6pm


25 May

High Low Close Change Volume

4661 4618 4622 -8 46870

4711 4667 4671 -3 1758

4765 4723 4723 -2 1370

2019 at 6pm Rs/Quintal


May 2019

Volume O.Int

46870 117280

1758 69280

1370 3230

Rs/Quintal

Groundnut

Current Developments:

• As on 23rdMay 2019,Nafed sold total groundnut K

in India. It has disposed total 8.8

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

of groundnut K-18 and holds remaining balance at


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

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

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

386594 MT in April to February 2019.

• (22.05.2019) The state government got the approval from ministry of Agriculture to procure

groundnut and Sunflower seed of Rabi season in Odisha. The proposal for procurement of shelled

ground nut has been approved f

tonnes of Sunflower seeds at MSP price Rs. 5388 per quintal from registered farmers. The

procurement operation, which will start on May 24 2019 and will continue for two months till July

27,2019. All the process will be undertaken by National Agricultural Cooperative Marketing

Federation of India Ltd (Nafed) through two State agencies

Federation (Markfed) and Tribal Development Cooperative Corporation of Odish

(TDCCL). Payments will be made directly to the bank accounts of farmers within three days from

the actual delivery of their products to the procuring agency.

• (20.05.2019)Indian Oilseeds & Produce Export Promotion Council (IOPEPC) is planning to d

cluster-based production mainly for groundnut and sesame seed which will be pesticide

also targeting to cultivate other varieties of oilseeds to fulfill global demand as well. It focuses

towards drip irrigation facilities so that monsoon

reduced. In the meeting, council can discuss the expected crop size of groundnut and sesame for

Rabi 2019.

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

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

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 comp

recorded at 0.58 lakh hac. in this year

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

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

groundnut production is estimated at 1.49 lakh tons.


25 May

Nafed sold total groundnut K-17 & K-18 at 3515 MT and 2804

in India. It has disposed total 8.89 lakh tonnes of groundnut K-17 and holds remaining balance at

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

18 and holds remaining balance at 4.98 lakh tonnes so far.


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

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

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

386594 MT in April to February 2019.

The state government got the approval from ministry of Agriculture to procure


ground nut has been approved for 6580 tonnes at MSP prices i.e. 4890 per quintal and 10,500



. All the process will be undertaken by National Agricultural Cooperative Marketing

Federation of India Ltd (Nafed) through two State agencies - Odisha State Cooperative Marketing

Federation (Markfed) and Tribal Development Cooperative Corporation of Odish

Payments will be made directly to the bank accounts of farmers within three days from

the actual delivery of their products to the procuring agency.

Indian Oilseeds & Produce Export Promotion Council (IOPEPC) is planning to d

based production mainly for groundnut and sesame seed which will be pesticide


towards drip irrigation facilities so that monsoon dependency for better crop growth could be


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

abi) at 69.70 lakh tonnes for 2018/19 season against 82.17 lakh tonnes in 2017/18.

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

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


) 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 metrictonnes as farmers covered

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

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

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 production

lakh tons as against 4.05 lakh tons in 1stAdvanced estimates. Rabi

groundnut production is estimated at 1.49 lakh tons.


May 2019

2804 MT respectively

17 and holds remaining balance at

so far in Gujarat market only. Additionally, Nafed has sold total 2.04 lakh tonnes

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

504038 MT in last year

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

The state government got the approval from ministry of Agriculture to procure


or 6580 tonnes at MSP prices i.e. 4890 per quintal and 10,500



. All the process will be undertaken by National Agricultural Cooperative Marketing

Odisha State Cooperative Marketing

Federation (Markfed) and Tribal Development Cooperative Corporation of Odisha Limited

Payments will be made directly to the bank accounts of farmers within three days from

Indian Oilseeds & Produce Export Promotion Council (IOPEPC) is planning to develop

based production mainly for groundnut and sesame seed which will be pesticide-free. It is


dependency for better crop growth could be


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

abi) at 69.70 lakh tonnes for 2018/19 season against 82.17 lakh tonnes in 2017/18.

19 is estimated at 54.41 lakh tonnes which is lower by

Advance Estimates of 2017-18. Less


c tonnes for 2018/19 season

tonnes as farmers covered the lower

groundnut area in India has been reported

ared 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


25 May

Groundnut

Variety

Modal Price

(Rs/Qtl)

Change

Arrivals (Qtl)

25-

May-

19

24-

May-

19

25-

May-

19

24-

May

19

NA 6087 NA NA 14

Local NA NA NA NA NA



Local 4000 4670 -670 84 63


NA NA NA NA NA

5581 5045 536 11 5

JL-24 NA NA NA NA NA




Other NA NA NA NA NA


NA NA NA NA NA

NA NA NA NA NA

NA NA NA NA NA

4105 NA NA 12 NA

4700 4900 -200 12 12

4422 4749 -327 14 5

NA 3888 NA NA 2

NA NA NA NA NA

4739 4849 -110 18 5


May 2019

Arrivals (Qtl)

Change Source

May-

NA NAM

NA Agmarknet

NA Agmarknet

NA Agmarknet

21 NAM

NA Agmarknet

NA Agmarknet

6 NAM

NA Agmarknet

NA Agmarknet

NA Agmarknet

NA Agmarknet

NA Agmarknet

NA Agmarknet

NA NAM

NA NAM

NA NAM

NA NAM

Unch NAM

9 NAM

NA NAM

NA NAM

13 NAM

Onion

Today’s Development:

• In Lasalgaon, modal prices are trading near Rs. 830

650/ quintal during same time period. Prices are likely to

months.

Recent Developments that are still influencing the Market:

• (15 April 2019) -In Gujarat, arrivals during the period (1

higher than last year. Highest arrivals reported in Mahu

of total arrivals.

• (12 April 2019) -State Government of Maharashtra

to farmers who have suffered financial distress to low prices till 15

quantity being capped at 200/ quintal.

• (11 April 2019) -On Wednesday, onion prices

amid higher arrivals.

• (10 April 2019) -In Lasalgaon, prices are

are continuous because of peak harvesting season.

• (08 April 2019) -According to trade sources exports may on higher side because of lower

prevailing prices and higher incentives of 10% under MEIS scheme till 30

• (05 April 2019) -In Lasalgaon mandi, prices are trading in the range of Rs 500 to Rs 1050/ quintal

amid higher arrivals.

• (04 April 2019) -Prices have increased slightly in few markets with increase in arrivals from

producing regions.

• (29 March 2019) -Lasalgaon

April. Prices in most of the markets have increased by Rs. 50 to Rs. 150/ quintal.

• (26 March 2019) - Onion prices reported higher in most of the markets amid lower production

estimates in Maharashtra.

• (23 March 2019) -Prices reported slightly firm in most of the markets amid lower arrivals from

producing regions.

Price and Arrivals in Major Markets

State Market Modal Wholesale Prices (Rs/Qtl)

25-May-19

Gujarat Ahmedabad 800

Rajkot 700

Karnataka Bangalore 900

Belgaum 1000

Madhya Pradesh Indore 700

Maharashtra Lasalgaon 1125

Pune NA

Andhra Pradesh Kurnool NA

Rajasthan Jaipur 800

Telangana Hyderabad 900


25 May

In Lasalgaon, modal prices are trading near Rs. 830- Rs.870/ quintal compared to last year‘s Rs.

650/ quintal during same time period. Prices are likely to remain on higher side in coming

Recent Developments that are still influencing the Market:

In Gujarat, arrivals during the period (1st April -13th April 2019) reported 14.15%

higher than last year. Highest arrivals reported in Mahuva which contribute approximately 70%

State Government of Maharashtra has extended the subsidy of Rs 200/quintal

to farmers who have suffered financial distress to low prices till 15th April 2019 with individual

quantity being capped at 200/ quintal.

On Wednesday, onion prices reported steady to firm in most of the markets

In Lasalgaon, prices are trading on a higher side of Rs. 1050/ quintal and arrivals

are continuous because of peak harvesting season.

According to trade sources exports may on higher side because of lower

prevailing prices and higher incentives of 10% under MEIS scheme till 30th June 2019.

In Lasalgaon mandi, prices are trading in the range of Rs 500 to Rs 1050/ quintal

Prices have increased slightly in few markets with increase in arrivals from

Lasalgaon market is closed because of March closing and will reopen on 2


Onion prices reported higher in most of the markets amid lower production

Prices reported slightly firm in most of the markets amid lower arrivals from


Onion

Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons

19 24-May-19 Change 25-May-19 24-May-

1000 -200 661 669

625 75 80 100

900 Unch 1620 1542

900 100 509 71

800 -100 1325 1198

NA - 1891 NA

900 - NA 1058

NA - NA NA

800 Unch 804 875

900 Unch 350 400


May 2019

Rs.870/ quintal compared to last year‘s Rs.

remain on higher side in coming

April 2019) reported 14.15%

va which contribute approximately 70%

has extended the subsidy of Rs 200/quintal

April 2019 with individual

reported steady to firm in most of the markets

1050/ quintal and arrivals

According to trade sources exports may on higher side because of lower

June 2019.

In Lasalgaon mandi, prices are trading in the range of Rs 500 to Rs 1050/ quintal

Prices have increased slightly in few markets with increase in arrivals from

market is closed because of March closing and will reopen on 2nd


Onion prices reported higher in most of the markets amid lower production

Prices reported slightly firm in most of the markets amid lower arrivals from

Arrivals in Tons Source

-19 Change

-8 Agmarknet

-20 Agmarknet

78 Agmarknet

438 Agmarknet

128 Agmarknet

- Agmarknet

- Agmarknet

- Agmarknet

-71 Agmarknet

-50 Agmarknet

Potato Today’s Development:

• All India, potato prices are trading on lower side compared to last year but prices are still on

higher side this year amid lower storage in West Bengal this year because of lower yield in later

stage harvesting.

• In Punjab, traders are expecting a storage of approximately 70

96% from a total storage of 19.66 lakh tons. R

times which damaged the crop and crop size declined.

Developments that are still influencing the Markets:

• (12 April 2019) -In West Bengal, loading in cold storage

85% capacity utilization this year compared to last year

storage of 70.62 lakh tons.

• (12 April 2019) -In U.P, traders are expecting approximately 85% capacity utilization compared

to last year 78% capacity utilization from

• (08 April 2019) -In West Bengal,

80-83% loading is completed compared to last year’s 92% loading by this time. Loading is

delayed this year by 7-10 days beca

• (05 April 2019) -In U.P, potato acreage is estimated to be 5.80 lakh hectares compared to 6.10

lakh hectares. Loading is in progress and so far approximately 80% loading is completed. Loading

is delayed this year compared to last year. Traders are expecting capacity utilization of 87

in U.P compared to 78% last year.

• (03 April 2019) - Loading is expected to get completed this week which is already delayed by 7

10 days in major procuring districts.

• (02 April 2019) - Loading prices in West Bengal and U.P was tradi

800/ quintal compared to last year Rs.

• (01 April 2019)-In West Bengal, loading in cold storages is in prog

80% loading is completed compared to last year’s

Price and Arrivals at Major Markets

State Markets Modal Wholesale Prices (Rs/Qtl)

25-May-19

Andhra Pradesh Palamaner 700

Karnataka Bangalore 1350

Belgaum 1350

Gujarat Surat 875

Madhya Pradesh Indore 1100

Maharashtra Pune NA

Delhi Delhi 768

Uttar Pradesh Agra 720

Daily Price Monitoring

rices are trading on lower side compared to last year but prices are still on


In Punjab, traders are expecting a storage of approximately 70-75% this compared to last year

96% from a total storage of 19.66 lakh tons. Reason for lower storage was spell of rains many

times which damaged the crop and crop size declined.

Developments that are still influencing the Markets:

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

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

traders are expecting approximately 85% capacity utilization compared

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

In West Bengal, loading in cold storage is in progress and so far approximately

83% loading is completed compared to last year’s 92% loading by this time. Loading is

10 days because of late sowing and late harvesting of crops.

n U.P, potato acreage is estimated to be 5.80 lakh hectares compared to 6.10


year compared to last year. Traders are expecting capacity utilization of 87

in U.P compared to 78% last year.

Loading is expected to get completed this week which is already delayed by 7

10 days in major procuring districts.

Loading prices in West Bengal and U.P was trading in the range of Rs. 600 to Rs.

uintal compared to last year Rs. 900-Rs 1300/ quintal during same time.

In West Bengal, loading in cold storages is in progress and so far app

% loading is completed compared to last year’s 92% during this time.

Price and Arrivals at Major Markets

Potato

Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons

24-May-19 Change 25-May-19 24-May

500 200 0.2 0.1

1350 Unch 884 1085

1250 100 246 34

925 -50 600 700

900 200 265 417

1200 - NA 561

754 14 642 815

730 -10 1735 1760


27th May, 2019

rices are trading on lower side compared to last year but prices are still on


75% this compared to last year

eason for lower storage was spell of rains many

is completed and traders are expecting

capacity utilization from a total

traders are expecting approximately 85% capacity utilization compared

loading in cold storage is in progress and so far approximately

83% loading is completed compared to last year’s 92% loading by this time. Loading is

use of late sowing and late harvesting of crops.

n U.P, potato acreage is estimated to be 5.80 lakh hectares compared to 6.10


year compared to last year. Traders are expecting capacity utilization of 87-92%

Loading is expected to get completed this week which is already delayed by 7-

ng in the range of Rs. 600 to Rs.

Rs 1300/ quintal during same time.

ress and so far approximately


May-19 Change

0.1 NAM

1085 -201 Agmarknet

212 Agmarknet

700 -100 Agmarknet

417 -152 Agmarknet

561 - Agmarknet

815 -174 Agmarknet

1760 -25 Agmarknet

Tomato Today’s Developments:

• In Madanapalle, modal prices are trading near Rs. 2800/quintal compared to last year Rs. 600/

quintal because of lower crop size and prices are likely to come down in coming weeks with

increase in arrivals from local region.

• All India tomato arrivals are com

which prices are firm in market.

Developments that are still influencing the Market:

• (15 April 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 come down in couple of

weeks once arrivals from Andhra Pradesh starts full fledge.

• (15 April 2019) -Across the country prices are firm in most of the markets during the week

period because of lower arriv

regions. According to trade sources crop was damaged during the Feb last and March starting

rains.

• (12 April 2019) -In South India, tomato prices are expected to be on higher side for next

of weeks and may decline once fresh crop Andhra Pradesh starts in full fledge in May.

• (11 April 2019) -In Andhra Pradesh and Karnataka, prices have dropped down amid higher

arrivals from producing regions. Also prices have dropped down in most of th

compared to Wednesday Prices.

• (08 April 2019) -In Madanapalle, prices have increased because of lower arrivals and traders are

expecting prices to remain firm for next couple of weeks until new crop from A.P starts full

fledge from local region.

• (04 April 2019) -Higher arrivals reported in almost all the markets and prices have dropped

down by Rs 30 to Rs 300/ quintal in most of the markets.

• (03 April 2019) -Lower arrivals reported in most of the markets which has pushed the prices

upward.


State Markets Modal Wholesale Prices (Rs/Qtl.)

25-May-

Andhra

Pradesh

Mulakalacheruvu 2800

Madanapalle 2450

Kalikiri 2000

Pattikonda NA

Gurramkonda 1000

Karnataka Chintamani NA

Kolar 2033

Maharashtra Pune NA

Delhi Delhi NA

Telangana Bowenpally 4000


Madanapalle, modal prices are trading near Rs. 2800/quintal compared to last year Rs. 600/


increase in arrivals from local region.

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

which prices are firm in market.

Developments that are still influencing the Market:

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

regions amid lower crop size. Prices are expected to come down in couple of

weeks once arrivals from Andhra Pradesh starts full fledge.

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 arrivals from producing


In South India, tomato prices are expected to be on higher side for next


In Andhra Pradesh and Karnataka, prices have dropped down amid higher

arrivals from producing regions. Also prices have dropped down in most of th

compared to Wednesday Prices.

In Madanapalle, prices have increased because of lower arrivals and traders are


Higher arrivals reported in almost all the markets and prices have dropped

down by Rs 30 to Rs 300/ quintal in most of the markets.

Lower arrivals reported in most of the markets which has pushed the prices

and Arrivals in Major Markets

Tomato

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

-19 24-May-19 Change 25-May-19 24-May

3000 -200 32 17

3560 -1110 32 22

1660 340 14 10

NA - NA NA

1520 -520 2.00 3.50

2266 - NA 57

2067 -34 386 379

1500 - NA 123

1478 - NA 386.4

4000 Unch 190.6 140.8


27th May, 2019

Madanapalle, modal prices are trading near Rs. 2800/quintal compared to last year Rs. 600/


paratively lower than last year during same time because of

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

regions amid lower crop size. Prices are expected to come down in couple of

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

als during the week period amid lower arrivals from producing


In South India, tomato prices are expected to be on higher side for next couple


In Andhra Pradesh and Karnataka, prices have dropped down amid higher

arrivals from producing regions. Also prices have dropped down in most of the markets

In Madanapalle, prices have increased because of lower arrivals and traders are


Higher arrivals reported in almost all the markets and prices have dropped

Lower arrivals reported in most of the markets which has pushed the prices


May-19 Change

15 Agmarknet

11 NAM

5 NAM

- NAM

3.50 -1.50 NAM

- Agmarknet

7 Agmarknet

- Agmarknet

386.4 - Agmarknet

140.8 50 Agmarknet

Turmeric

Today’s Developments:

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

waiting for first monsoon rainfall for sowing activity.

• In Erode mandi new Turmeric supply reported around on an average daily basis 2,475

quintals.

• In Nizamabad, current season new Turmeric arrivals reported around 74,690 MT till 24th May

compared to last year same period 62,020 MT, 20.43% reported up


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

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

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

• 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 standing crop is at very crucial stage.

Prices & Arrivals

NCDEX:

Contract Change Open

Jun-19 -106.00 7174.00 7200.00

July-19 -124.00 7268.00 7292.00

Aug-19 -152.00 7600.00 7640.00

As on 24th May, 2019 at 5:00 pm Prices in Rs/quintal, Volumes and Open

State Market Variety Modal Price (Rs/Qtl)

25-May

Andhra

Pradesh

Duggirala Finger NA

Bulb NA

Kadapa Finger 5692

Bulb 5939

Telangana

Nizamabad Finger 6300

Bulb 6469

Warangal Finger Closed

Round Closed

Tamil Nadu Erode Finger NA

Bulb NA


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

waiting for first monsoon rainfall for sowing activity.

In Erode mandi new Turmeric supply reported around on an average daily basis 2,475

In Nizamabad, current season new Turmeric arrivals reported around 74,690 MT till 24th May

compared to last year same period 62,020 MT, 20.43% reported up from last year.


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


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

econd advance production estimate, Turmeric production for 2019

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


Turmeric at NCDEX

High Low Close

7200.00 7032.00 7064

7292.00 7130.00 7150

7640.00 7492.00 7492

, 2019 at 5:00 pm Prices in Rs/quintal, Volumes and Open

Turmeric

Modal Price (Rs/Qtl) Change

Arrivals (Qtl)

May-19 24-May-19 25-May-19 24-May

NA 5690 - NA 142

NA 5690 -

5692 6062 -370 133 53

5939 6062 -123

6300 6385 -85 237 208

6469 6659 -190

Closed Closed - NA NA

Closed Closed -

NA 6641 - NA 292.5

NA 6236 -


27th May, 2019

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

In Erode mandi new Turmeric supply reported around on an average daily basis 2,475 – 2,550

In Nizamabad, current season new Turmeric arrivals reported around 74,690 MT till 24th May

from last year.

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


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


Volume O.Int

3890 12790

2505 8000

170 3790

, 2019 at 5:00 pm Prices in Rs/quintal, Volumes and Open interest in MT

Change Source

May-19

142 - NAM

53 80 NAM

208 29 NAM

NA - Agriwatch

292.5 - Agmarknet

Chilli


• Current year chilli sowing likely to start from July first week. We expect sowing area may increase

due to prevailing higher prices and expecting higher further due to lower cold storage stocks,

however monsoon rainfall is crucial factor for chilli sowing

• In Guntur market, annual summer vacation continued, market will reopen from 10th June.


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

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

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

hectares to 127,032 hectares.

• As per Agriwatch’s second advance productio

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

Prices & Arrivals

State Market Variety Modal Price (Rs/Qtl)

25-May-19

Andhra

Pradesh Guntur

Teja NA

334 NA

Telangana Khammam Red NA

Warangal Talu NA


Current year chilli sowing likely to start from July first week. We expect sowing area may increase


however monsoon rainfall is crucial factor for chilli sowing area.

In Guntur market, annual summer vacation continued, market will reopen from 10th June.


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

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


hectares to 127,032 hectares.

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

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

Red Chilli

Modal Price (Rs/Qtl) Change

Arrivals (Qtl)

19 24-May-19 25-May-19 24-May

NA - NA NA

NA - NA NA

NA - NA NA

NA - NA NA


27th May, 2019

Current year chilli sowing likely to start from July first week. We expect sowing area may increase


In Guntur market, annual summer vacation continued, market will reopen from 10th June.

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

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


n estimate, Red Chilli production for 2019-20 is

Change Source May-19

- NAM

- NAM

- Agmarknet

- Agmarknet

Maize


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

Mongolia on 22 May 2019.

• South Korea’s feed-makers NOFI and MFG both bought

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 Agric

acres.

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

forecast of 84.6 million

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

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

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

production fell to 80.7 million tonnes because of a drought.

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

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

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

private deal on 10th May and 7 May respectively

• As per USDA, U.S corn exports

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

May –09th May, 2019), surge

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

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

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


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

• In Ahmedabad region of Gujarat, poultry

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

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

• In Bihar, despite new crop arrival p

current level due to good demand from feed manufacturers.

• Maize is moving towards Bengaluru at Rs. 2450

quintal, Chitradurga at Rs. 2350 per quintal, San

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


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

The corn was produced during 2015-2018.

makers NOFI and MFG both bought same quantity of corn

private deal on 10th May and 7 May respectively.

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

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



production fell to 80.7 million tonnes because of a drought.

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

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

makers NOFI and MFG both bought same quantity of corn

10th May and 7 May respectively.

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

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

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



temala (36,400 MT, including 600 MT switched from El Salvador)


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

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

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

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

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

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



27th May, 2019

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

– 69,000 tonnes in

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

ulture'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



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

makers NOFI and MFG both bought same quantity of corn - 69,000 tonnes in

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

(for the period 03rd

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



temala (36,400 MT, including 600 MT switched from El Salvador).

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

feed makers quoted maize slightly higher at Rs. 2175

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

ressure; maize could trade steady to slightly firm from the

2500 per quintal, Namakkal at Rs. 2360 per

gali at Rs. 2250 per quintal, Chennai at Rs. 2400


• Maize is moving towards Punjab at Rs.

from Bihar.

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

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

least 20,000 tonnes and a 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

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 Punjab at Rs. 2200 per quintal and U.P at Rs. 2100 per quintal; sourced

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


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

r offers was originally May 8 and had been postponed to May 15 and then to

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


ment period was June 15 and July 15 - Reuters.

Maize

Modal Price (Rs./Qtl)

Change

Arrivals (Qtl)

25-May-

19

24-May-

19 25-May-19 24-May

2150 2150 Unch 500 2000

1900 1900 Unch 10000 10000

2350 2350 Unch 1000 1000

2050 2050 Unch NA

NA 1000 - NA

*Difference between current and previous day’s prices.


27th May, 2019

2200 per quintal and U.P at Rs. 2100 per quintal; sourced

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


r offers was originally May 8 and had been postponed to May 15 and then to

modified organisms (GMOs). The


Arrivals (Qtl)


2000 -1500 AGRIWATCH

10000 Unch AGRIWATCH

1000 Unch AGRIWATCH

NA - AGRIWATCH

4 - ENAM


Sugar


• Positive trend has been seen in Indi

sugar not below MSP in all sugar producing states

support price. The sudden rise

drinks and juice makers lifted sugar pric

India.

• Kolhapur sugar market prices stood at Rs.3200

Today’s Developments that are still Influencing Markets:

• (25th May 2019) The situation of drought in Maharashtra has remained very serious, people in

thousands of villages are craving for water

there has been an increase of about 2.5 lakh hectares in the sugarcane area this year.

• (23rd May 2019) India’s sugar mills are expected to fulfill export obligations as per allotted

quota for the marketing year to reduce the supply glut in domestic markets.

• (21 st May 2019) Indian low quality whites for spot June

west coast India, which is a $5

• ( 21 st May 2019) The market witnessed moderate demand nationwide

are opening their rates at Rs.3100 to Rs.3150/Qntl,

3100. In Uttar Pradesh, Mill sales are taking place at Rs.3250 to 3300. In resale, the market rates

are Rs.3220 to 3270. In Gujarat, S/3

taking place at Rs.3300 to Rs.3340 excluding GST.

• ( 21 st May 2019) Against a requirement of 330 crore litres of ethanol for 10% ethanol blending

in the country, excluding J & K, North Eastern

contracts have been signed for 237 crore litres for the

• ( 20 th May 2019 ) The market witnessed moderate demand nationwide.

are opening their rates at Rs.3100 to Rs.3150/Qntl, whereas in Resell, the rates are Rs.3060 to


are Rs.3220 to 3270. In Gujarat, S/30 is trading at Rs.3130 to 3150. In Tamil N


• (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

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

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

soybeans.

• (8th May 2019) The Maharashtra’s cane dues now amou

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

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

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

according to ISMA.


trend has been seen in Indian sugar market. Mills are warned by the government to sell

sugar not below MSP in all sugar producing states, therefore, prices are trending above minimum

. The sudden rise in temperature and improved bulk and retail demand from cold

drinks and juice makers lifted sugar prices by Rs.10-30 at major markets especially in northern

arket prices stood at Rs.3200 whereas in U.P’s Khatauli market at Rs.344

Today’s Developments that are still Influencing Markets:

The situation of drought in Maharashtra has remained very serious, people in

thousands of villages are craving for water, but the point of caution is that in spite of drought,

here has been an increase of about 2.5 lakh hectares in the sugarcane area this year.

India’s sugar mills are expected to fulfill export obligations as per allotted

for the marketing year to reduce the supply glut in domestic markets.

Indian low quality whites for spot June-loading cargoes stood at $340/mt FOB

west coast India, which is a $5-$10/mt premium to Thai 45i refined sugar on a flat price basis.

The market witnessed moderate demand nationwide. In Maharashtra, Mills

are opening their rates at Rs.3100 to Rs.3150/Qntl, whereas in Resell, the rates are Rs.3060 to


are Rs.3220 to 3270. In Gujarat, S/30 is trading at Rs.3130 to 3150. In Tamil Nadu, Mill trades are


Against a requirement of 330 crore litres of ethanol for 10% ethanol blending

excluding J & K, North Eastern States and island territories, ethanol supply

ned for 237 crore litres for the ethanol supply period 2018

( 20 th May 2019 ) The market witnessed moderate demand nationwide. In Maharashtra, Mills

ates at Rs.3100 to Rs.3150/Qntl, whereas in Resell, the rates are Rs.3060 to


are Rs.3220 to 3270. In Gujarat, S/30 is trading at Rs.3130 to 3150. In Tamil Nadu, Mill trades are


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



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



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

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

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


27th May, 2019

are warned by the government to sell

, therefore, prices are trending above minimum

in temperature and improved bulk and retail demand from cold

30 at major markets especially in northern

market at Rs.3440INR.

The situation of drought in Maharashtra has remained very serious, people in

, but the point of caution is that in spite of drought,

here has been an increase of about 2.5 lakh hectares in the sugarcane area this year.

India’s sugar mills are expected to fulfill export obligations as per allotted

loading cargoes stood at $340/mt FOB

$10/mt premium to Thai 45i refined sugar on a flat price basis.

. In Maharashtra, Mills

whereas in Resell, the rates are Rs.3060 to


0 is trading at Rs.3130 to 3150. In Tamil Nadu, Mill trades are

Against a requirement of 330 crore litres of ethanol for 10% ethanol blending

States and island territories, ethanol supply

ethanol supply period 2018-19 (Dec. – Nov).

In Maharashtra, Mills

ates at Rs.3100 to Rs.3150/Qntl, whereas in Resell, the rates are Rs.3060 to


adu, Mill trades are

20 but sugar output is

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



with the mills finally



19 marketing year is expected to be

with the opening balance of 10.7 million tonnes as on

export of 3 million tonnes

• (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 production is expected to surge upto 330 LT and about 5 LT higher

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

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 fo

the sugar season 2018-19 have been given incentive in the form of additional allocation @ 10% of

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

export targets under MIEQ quota for the season 2018

allocation for the month of May, 2019.

Prices

State/ District Market

Maharashtra Kolhapur

Uttar Pradesh Khatauli


Delhi Delhi


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 released

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


ministry yesterday released the notification allocating 21 LMT monthly

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

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

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.

Sugar (M grade)

Market

Modal Price (Rs /Qtl)

Change25May-19 24 May-19

Kolhapur 3200 3180 +20

Khatauli 3440 3450 -10

Vijayawada 3680 3680 Unch

Delhi 3300 3320 -20


27th May, 2019

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

April, only 100 mills are crushing sugarcane

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

April, data released

2018-19 (October-

similar to what was achieved


ministry yesterday released the notification allocating 21 LMT monthly

. Those sugar mills which have completed their

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

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


een given @ 7.5% of their normal

Change Source

0 AW

10 AW

Unch AW

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.

Recent Developments that are still Influencing Market

• From October 2018 to April 2019 the total cotton supply estimated by

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

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

October 2018 at 28 lakh bale

• (24thMay 2019) The cotton market finished moderately higher as its oversold condition

as Thursday morning’s strong export

• (21st May 2019)The cotton market finished Monday strong

limbo, the weather news was able to take front

• (21st May 2019) International c

unfavourable weather prompted planting delays and concerns about lower crop yields, with the

backdrop of a bitter US-China trade spat

• (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 600,0

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

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

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 tak

• (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 and the sowing is expected to pick pace from the first week of

May.

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

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

sources say CAI recently convened a meeting of cotton traders and

strategy for selling its inventory.

• (1st May 2019)Indian importers have booked nearly 19 lakh bales while export is just at 40

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.


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.

Recent Developments that are still Influencing Market

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.

) The cotton market finished moderately higher as its oversold condition

Thursday morning’s strong export-sales data, sent prices higher.

)The cotton market finished Monday strong. With the U.S./China trade talks in

the weather news was able to take front-and-center attention.

International cotton prices settled about 3% higher on Monday


China trade spat.

May 2019) 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

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 e

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




27th May, 2019

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

. Moreover, raising domestic

CAI is 314 lakh bales of

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


) The cotton market finished moderately higher as its oversold condition, as well

. With the U.S./China trade talks in

otton prices settled about 3% higher on Monday as


May 2019) 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

00 bales to 31.5 million bales in CAI's latest report

19 cotton production would be

CAI of 32.1 million bales, revised


to 9 lakh mln bales and remaining is



ing place at Rs. 47,500 to 48,000/candy landed cost at port.

The Punjab agriculture department has increased the area under cotton by

19 season. The season for

has already set in and 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

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.

term strategy. Indian physical



• (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.

State/ District Market


25-May

Gujarat Rajkot 6250

Andhra Pradesh Adoni NA

Andhra Pradesh Guntur NA

Andhra Pradesh YEMMIGANUR NA


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.

Cotton


Change

Arrivals (Qtl)

May-19 24-May-19 25-May-19 24-May

6250 6250 unch 6800 7650

6179 - NA 162

NA - NA NA

NA - NA NA


27th May, 2019

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


7650 850 APMC

162 - Agriwatch

NA - Agriwatch

NA - NAM

Palm Oil


No significant updates today.


• (23 May 2019)According to cargo surveyor SocieteGenerale de Surveillance (SGS),

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

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

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

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

figures of corresponding period last month.

• (17 May 2019)Crude Palm oil import scenario

CPO Imports fell 19.24 percent y

2018. Imports in oil year 2018

o-y at 33.06 lakh tons compared to

corresponding period last oil year.

• (17 May 2019)RBD palmolein import scenario

13.87 percent to 2.38 lakh tons from

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

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

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

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

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

production will rise to 20 MMT in Malaysia in 2019 from earlier estimate of 19.5 MMT on higher

maturing plants. Palm oil production will rise in Indonesia in 2019

maturing plants. Palm oil exports rose from Malaysia in

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

palmolein especially from Malaysia, po

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

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

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

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

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.


ecent Developments that are still Influencing Markets:

According to cargo surveyor SocieteGenerale de Surveillance (SGS),

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


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


figures of corresponding period last month.

Crude Palm oil import scenario- According to Solvent Extractors Association (S

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

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

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

corresponding period last oil year.

RBD palmolein import scenario- RBD palmolein imports rose y

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

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

lakh tons in corresponding period last oil year.

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

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



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

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


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



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


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



ultimately lead to lower production in longer run. Plantations are


biodiesel output to recede increasing high palm oil stocks.


27th May, 2019

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

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


(23,316 tons), China at


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.



by 10 percent to 44 MMT on

due to firm demand from India and


sitive refining margins and demand at lower levels. China



/USD leading to higher demand of


palm oil export duty unchanged at zero until



ultimately lead to lower production in longer run. Plantations are


• (29 Apr 2019)-According to Indones

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

lower threshold for export duty. Indonesia has kept crude palm oil export duty at zero since May

2017.

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

fell 4.64 percent to 29.17 lakh tons 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 1

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

in Feb 2019. Imports of palm oil in Mar rose 39.21 percent to 1.31 lakh tons compared to 0.94

lakh tons in Feb 2019. End stocks of pa

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 per

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-19 515.00 516.70

31-Jul-19 516.30 519.00

31-Aug-19 520.00 522.60

As on 23-May-2019 at 9 pm


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



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


palm oil in March rose 8.25 percent to 16.72 lakh tons compared to 15.45 lakh tons in Feb 2019.



lakh tons in Feb 2019. End stocks of palm oil fell less than trade expectation on higher rise in

prodcution. Fall in end stocks was primarily due to rise in exports.

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

PKO) from Indonesia rose 16.7 percent in Feb y-o-y to 2.77 MMT from 2.37 MMT in Feb 2018.

Exports of palm oil (CPO and PKO) were fell 10.6 m-o-m in Feb at 2.77 MMT compared to Jan


Market 25 May 2019 24 May 2019 Change

Kandla 517 525 -8

Krishnapatnam 490 500 -10

Kandla 585 588 -3

Kakinada 585 588 -3

Krishnapatnam 575 580 -5


High Low Close Change Volume

(Lots)

516.70 513.60 514.40 -3.1 4

519.00 516.10 517.70 -2.5 112

522.60 520.60 521.60 -1.4 4

2019 at 9 pm


27th May, 2019

ia trade ministry, Indonesia kept May crude palm oil export



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


5.45 lakh tons in Feb 2019.



lm oil fell less than trade expectation on higher rise in

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

y to 2.77 MMT from 2.37 MMT in Feb 2018.

m in Feb at 2.77 MMT compared to Jan


Change Source

Agriwatch

Agriwatch

Agriwatch

Agriwatch

Agriwatch


Volume

Lots) O. Int

2

400

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 markets ha

Rs 5 per 10 kg from last week.

to Rs 160 per 10 kg Rs 135

higher on firm demand and parity in imports. High premium over palm oil will cap gains in

prices.

• (12 Apr 2019)-Sunflower oil premium over soy oil in C

from $40 per ton last week and premium in dom

unchanged from last week.

to Rs 135 per 10 kg Rs 150

lower on weak demand and dis

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. Sunflower oil consumption have been raised to

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

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

CNF also showed weakness but at a lower rate. Import demand of sunflower oil is expected to

fall due to high sunflower oil premium over palm oil. Stocks of sunflower oil fell at ports

flat imports indicating destocking at ports will incr

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 e


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

unchanged from last week. Also, premium of sunflower oil over RBD palmolein has decre

to Rs 135 per 10 kg Rs 150 per 10 kg last week. Prices of sunflower oil are estimated to trade

lower on weak demand and disparity in imports. High premium over palm oil will underpin

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


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. Sunf


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


sunflower oil is expected in coming weeks.

Sunflower Oil Prices (In Rs./ 10 Kg)

Market 25 May 2019 24 May 2019 Change

Chennai 770 775 -5

Krishnapatnam 760 760 Unch

Kakinada 760 760 Unch



27th 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


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

parity in imports. High premium over palm oil will underpin

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


in its earlier estimate, higher by 9 percent. Sunflower oil consumption have been raised to

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


fall due to high sunflower oil premium over palm oil. Stocks of sunflower oil fell at ports despite

Low premium of sun oil


Change Source

Agriwatch

Unch Agriwatch

Unch 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

demand increases. Prices are almost high in all the key states of India followed by good miller’s

and retailers demand. Less availability of groundnut seeds is supporting prices to rise.

• (19 Apr2019)-Groundnut oil prices are supported

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

season is over. Higher premium groundnut oil over sunflower oil and palm oil will cap gains in

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

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

• (25 Mar2019)-Groundnut oil prices are supported by firm demand. Demand firmed due to

demand at lower levels. Retail demand improved due to stability in groundnut oil prices. Prices

of groundnut oil will be capped as peak demand season is over. Higher unloading of stocks of

groundnut by NAFED will keep prices moderate. Higher premium groundnut oil over sunflower

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

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 impr

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

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.


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



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



ndhra Pradesh groundnut oil prices are falling due to weak demand


Groundnut oil prices are supported by firm demand. Demand firmed due to

etail demand improved due to stability in groundnut oil prices. Prices



l 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



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

by fall in prices of palm oil.

10Kg)

25 May 2019 24 May 2019 Change

1000 1030 -30

1100 1100 Unch

1050 1080 -30



27th May, 2019

In Andhra Pradesh groundnut oil prices are remain on higher side due to firm

value-added products



by firm demand. Retail demand improved due



ndhra Pradesh groundnut oil prices are falling due to weak demand


Groundnut oil prices are supported by firm demand. Demand firmed due to

etail demand improved due to stability in groundnut oil prices. Prices



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


oved demand. However, Groundnut oil



crush of groundnut for old crop. Groundnut oil is underpinned

Source

Agriwatch

Agriwatch

Agriwatch


Rice

Today’s Developments: Bangladesh Government has fixed import duty on rice by doubling the present level of 28

percent now, considering the country's excellent domestic production of paddy. In this connection a

government circular was issued on May 22. As a result, the prospect of importing rice from India,

especially outside of Bangladesh, has dimini

National Revenue Board, it has been said that the new import duty has come into force with immediate

effect. The Chairman of the Board said that the import duty was reviewed according to the directions

the Prime Minister and it was decided to increase rate of interest to ensure the safety of the interests of

indigenous farmers.

Recent Developments that are still influencing the Markets:

• (20 May 2019)The Telangana Civil Supply Department (TCSD) has so

paddy. Having more purchases made the problem of paddy storage. TCSD wants FCI to provide

23 lakh tons of rice for storage, FCI agreed to buy 3.44 lakh tons of raw rice from Telangana rice

millers yesterday.

• (20 May 2019)Egypt has issued tender for purchase of Indian, Chinese and Vietnamese

international markets, whose shipment will be from July 25 to August 20

• (20 May 2019)Better export demand has been made in rice, which has made one

in the market. Basmati rice prices have increased by 10% due to export demand. There is a

growing trend in rice prices along with rice prices. During the last 8

basmati rice have increased by 10 per cent and exports have increased by 22 per ce

the current financial year, the export of basmati rice increased by 8.85 per cent. Basmati 1121

paddy has reached the price of NarelaMandi at 4450/4500 while the price was Rs.3300

per quintal with the cultivator inward. Prices of 1121 Sela

quintal. During last 8-10 days rice prices have risen to Rs 700/800.

• (19 May 2019)The Maharashtra government has set up State Agriculture Committee to create

a new agri export policy of the state, which aims to increase the

• (17 May 2019)In Tamilnadu, r

States and the resultant increase in prices of paddy this season. A 75

at Rs.1, 200, is now priced at

• (17 May 2019)Under the FCI OMSS scheme, on May 15, 25,000 metric tonnes of rice from

Karnataka was sold at a price of Rs 2,785 per quintal.

• (16 May 2019)West Bengal's rice industry was suffering losses due t

imposing duty on rice imports by Bangladesh; there was a possibility of further reduction in rice

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

Because of which non-basmati rice expor

there was tremendous decline in rice exports between April and February. From April 1, 2018 to

February 2019, only 4.25 lakh tons of rice was exported from India compared to 70 lakh tons in

the same period last year.

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

Pakistani Basmati rice. Qatar had

conditions was that the Basmati rice should be Indian. The foreig

has banned Pakistani Basmati rice. He said that the Pakistani government has already raised the

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


Bangladesh Government has fixed import duty on rice by doubling the present level of 28



especially outside of Bangladesh, has diminished. In the statutory regulatory order issued by the


effect. The Chairman of the Board said that the import duty was reviewed according to the directions


Recent Developments that are still influencing the Markets:

The Telangana Civil Supply Department (TCSD) has so far procured 68 lakh tons of



has issued tender for purchase of Indian, Chinese and Vietnamese

hose shipment will be from July 25 to August 20

Better export demand has been made in rice, which has made one

Basmati rice prices have increased by 10% due to export demand. There is a

growing trend in rice prices along with rice prices. During the last 8-10 days, domestic prices of

basmati rice have increased by 10 per cent and exports have increased by 22 per ce


paddy has reached the price of NarelaMandi at 4450/4500 while the price was Rs.3300

per quintal with the cultivator inward. Prices of 1121 Sela have reached Rs 7800/8000 per

10 days rice prices have risen to Rs 700/800.

The Maharashtra government has set up State Agriculture Committee to create

policy of the state, which aims to increase the export of rice and fruits.

In Tamilnadu, rice millers are worried about a drop in paddy arrivals from other

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

1, 200, is now priced at Rs.1,400, which also finds reflection in rice prices.

Under the FCI OMSS scheme, on May 15, 25,000 metric tonnes of rice from

Karnataka was sold at a price of Rs 2,785 per quintal.

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



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



Foreign Minister Shah Mehmood Qureshi has said that Qatar has banned

Pakistani Basmati rice. Qatar had put some conditions for importing Basmati rice. One of the

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




27th May, 2019

Bangladesh Government has fixed import duty on rice by doubling the present level of 28 percent to 55



shed. In the statutory regulatory order issued by the


effect. The Chairman of the Board said that the import duty was reviewed according to the directions of


far procured 68 lakh tons of



has issued tender for purchase of Indian, Chinese and Vietnamese rice in

Better export demand has been made in rice, which has made one-way increase

Basmati rice prices have increased by 10% due to export demand. There is a

10 days, domestic prices of

basmati rice have increased by 10 per cent and exports have increased by 22 per cent. During


paddy has reached the price of NarelaMandi at 4450/4500 while the price was Rs.3300 -3600

have reached Rs 7800/8000 per

The Maharashtra government has set up State Agriculture Committee to create

export of rice and fruits.

ice millers are worried about a drop in paddy arrivals from other

kg bag of paddy that sold

00, which also finds reflection in rice prices.

Under the FCI OMSS scheme, on May 15, 25,000 metric tonnes of rice from

o lower demand and due to



ts came down heavily for Bangladesh. Because of this,



Foreign Minister Shah Mehmood Qureshi has said that Qatar has banned

put some conditions for importing Basmati rice. One of the

n minister revealed that Qatar



include Pakistani rice in the tend

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

Prices & Arrivals

State/

District Market Variety

CHHATTIS

GARH BALOD

PADDY-SWARNA

MASOORI

CHHATTIS

GARH

BHATAPAR

A PADDY-HMT

CHHATTIS

GARH BALOD PADDY 1001

TELANGA

NA

BADEPALL

Y Paddy RNR

TELANGA

NA

MAHBUBN

AGAR RNR

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company daccuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This documebe construed as, an offer to sell or solicitation to buy any commodities. This document may npart, by any recipient hereof for any purpose without prior permission from the Company. IASL and its affiliates and/or theiremployees may have positions in any commodities mentioned in this document (or in any related investment) and may from time to time add to or dispose of any such commodities (or investment). Please see the detailed disclaimer at © 2019 Indian Agribusiness Systems Ltd


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.

Rice

Modal Price (Rs /Qtl) Chang

e

Arrivals (Qtl)

25-May-

19 24-May-19 25-May-19

1450 1500 -50 34

2155 2100 55 55

1525 1600 -75 179

1880 1910 -30 53

1780 1920 -140 15

Disclaimer

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company daccuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This documebe construed as, an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company. IASL and its affiliates and/or their

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


27th May, 2019

er documents of the Central Tendering Committee which falls

Chan

ge

Sour

ce 24-May-

19

22 12 E-

nam

5 50 E-

nam

120 59 E-

nam

25 28 E-

nam

21 -6 E-

nam

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

ot be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company. IASL and its affiliates and/or their officers, directors and

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

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