AP Daily Commodities Outlook Report 2019-05-28 Agriculture Rep… · Daily Price Monitoring Report th-100 from early trading session. Demand for Ramdan too firmer in the second half

Pulses

Today’s developments:

Chana cash market could not sustain its upward momentum as buyers turned wary at higher level.

Even online market traded down by Rs 75

would come to an end from second week of June. So, cash market may trade

weak in coming days. June onward prices may move up as there is short supply of pea this year

and chana may substitute costly peas. Production size is lower and import possibility is rare at 70%

duty. So Agriwatch expects market to get

chana was traded at Rs4600-4650.

Urad cash market traded firm taking clue from decreasing stock at port and unwillingness of local

stockist to sell at current price. Stock in domestic market is in stro

there is no stock at Mumbai port

Besides,no new crop is at hand.So urad may trade further up in coming weeks.

traded at Rs 4900-4950 at Mumbai while it is qu

Moong cash market traded under pressure as new crop starts from U.P.,M.P and Bihar. It may

keep market depressed for a couple of week. As there is shortage of quality crop and stockists are

willing to build up stock of new crop, any major

being traded at Rs6200.It may move down to Rs6000.At this level buyers should buy and hold.Govt

may announce new kharif season MSP in July

current MSP. So, uptrend may continue at least for two months.

Recent Developments that are still Influencing Markets:

• (26 May,2019)The govt may hike pulses import quota for millers due to tightening supply of tur in

domestic market and lower production in other origins

crossed MSP level and is ruling at Rs5800

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

• (25 May 2019) 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 from Myanmar and yellow peas from Canada, Ukraine and Russia. Currently, I

2lakh MT tur import and 1.5 lakh MT each Urad, Moong and peas.

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

and UP. Rainfall with stormy wind may affect standing crop of moong as harvesting

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

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

quotes in global market. Demand for dal and fresh

market. Chana in Delhi market traded Rs100 up to Rs 4775

Mumbai traded up by Rs 100 to Rs4650

Rs4650.Market fundamental remains

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

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

Daily Price Monitoring Report

cash market could not sustain its upward momentum as buyers turned wary at higher level.

Even online market traded down by Rs 75-100 from early trading session. Demand for Ramdan too

would come to an end from second week of June. So, cash market may trade



duty. So Agriwatch expects market to get firmer in the second half of the year. In Delhi market

4650.

cash market traded firm taking clue from decreasing stock at port and unwillingness of local

stockist to sell at current price. Stock in domestic market is in strong hand.Millers are active and

there is no stock at Mumbai port. Even Kolkatta and Chennai ports have only 25000 MT.

Besides,no new crop is at hand.So urad may trade further up in coming weeks.

4950 at Mumbai while it is quoted at Rs 5000.

cash market traded under pressure as new crop starts from U.P.,M.P and Bihar. It may


willing to build up stock of new crop, any major decrease is unlikely. Moong at Jaipur market is


may announce new kharif season MSP in July –August and it may be higher by Rs200 to 300 from

trend may continue at least for two months.


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 Rs5800-6100 per qtl., depending on quality of the crop. Govt


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


Urad from Myanmar and yellow peas from Canada, Ukraine and Russia. Currently, I

2lakh MT tur import and 1.5 lakh MT each Urad, Moong and peas.

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

and UP. Rainfall with stormy wind may affect standing crop of moong as harvesting

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

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

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

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

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

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

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


Price Monitoring Report

28th May 2019

cash market could not sustain its upward momentum as buyers turned wary at higher level.

100 from early trading session. Demand for Ramdan too

would come to an end from second week of June. So, cash market may trade stable to slightly



firmer in the second half of the year. In Delhi market

cash market traded firm taking clue from decreasing stock at port and unwillingness of local

ng hand.Millers are active and

tta and Chennai ports have only 25000 MT.

Besides,no new crop is at hand.So urad may trade further up in coming weeks. Urad is being

cash market traded under pressure as new crop starts from U.P.,M.P and Bihar. It may


decrease is unlikely. Moong at Jaipur market is


August and it may be higher by Rs200 to 300 from

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

too. Tur price in domestic market has

6100 per qtl., depending on quality of the crop. Govt


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


Urad from Myanmar and yellow peas from Canada, Ukraine and Russia. Currently, India allows

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

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

June, delayed by almost a week.

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

buying by mills have lent support to pulses

4800 in Delhi while Australian chana in

4700.kabuli Sudan at Mumbai was offered at

supportive to cash chana market and it may move further up

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

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,

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

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 Gulberg

tone remains firm.

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

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

stock has been consumed and supply

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

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

would be examined on 11th June

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

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

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

Mumbai and Karnataka while arrival is continuously decreasing

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

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

supply from MP for northern India right now. Price in MP is highe

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

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

there is no scope for import. So upt

bulk users has started improving now.

• (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 hi

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 registered

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

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 resp

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




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



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

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

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

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 we

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


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

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

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

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



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

bulk users has started improving now.

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



Procurement agencies have procured total 261953.94 MT chana till 7


contributed 44138.57 MT. Total procurement in Telangana has been registered


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

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

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

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



28th May 2019



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

countries have helped



a market tur is being traded at Rs5550-5750.Overall

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

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

demand side is almost balanced right now. But one bad

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

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

350 in a week time.

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


. Agriwatch expects a downward

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

r and there is not much stock.



rend may continue in the short to medium term. Demand from

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

gher quantity as they have deposited



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


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


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

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

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

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


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


Urad


Chang

e

Arrivals (Qtl)

Chang27 May

2019

25 May

2019

27

May

2019

25

May

2019

8400 8500 -100 NA NA

6200 6100 100 800 1000 -

NA NA - NA NA

4925 5075 -150 NA NA

Tur


Chang

e

Arrivals (Qtl)

Chang27 May

2019

25 May

2019

27

May

2019

25

May

2019

NA NA - NA NA

5731 5669 62 6 20

5650 5875 -225 69 60

5800 5800 Unch NA NA

Moong


Chang

e

Arrivals (Qtl)

Chang27 May

2019

25 May

2019

27

May

2019

25

May

2019

5550 6200 -650 16 5

5850 5850 Unch 30 50

NA 5990 - 2071 2071 Unch

6200 6300 -100 100 200 -

Chana


Chang

e

Arrivals (Qtl)

Chang27 May

2019

25 May

2019

27

May

2019

25

May

2019

4208 4381 -173 4 3

NA NA - NA NA

4450 4600 -150 1500 1200

NA NA - 25 25 Unch


28th May 2019

Chang

e Source

- Agriwatch

-200 Agriwatch

- Agmarkne

t

- Agriwatch

Chang

e Source

- eNAM

-14 eNAM

9 eNAM

- Agriwatch

Chang

e Source

11 eNAM

-20 Agmarkne

t

Unch Agmarkne

t

-100 Agriwatch

Chang

e Source

1 eNAM

- eNAM

300 Agriwatch

Unch eNAM

Chana at NCDEX

Contract Open High

19-May 4627 4604

19-Jun 4660 4660

19-Jul 4662 4690

As on 27 May - 2019 at 6pm


High Low Close Change Volume

4604 4527 4555 -72 62230

4660 4553 4605 -69 31400

4690 4654 4723 -89 1310

2019 at 6pm


28th May 2019

Volume O.Int

62230 108170

31400 79100

1310 3430

Rs/Quintal

Groundnut

Groundnut

Current Developments:

• As on 25rdMay 2019, Nafed sold total groundnut K

India. It has disposed total 8.90

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

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.

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

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

Mana Vittanam Kendras (formed by farmers)

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

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

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

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

season.

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

(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 cro

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.

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

groundnut production is estimated at 1.49 lakh tons.


Nafed sold total groundnut K-17 & K-18 at 840 MT and 300

India. It has disposed total 8.90 lakh tonnes of groundnut K-17 and holds remaining balance at 1.

lakh tonnes so far in Gujarat market only. Additionally, Nafed has sold total 2.08

18 and holds remaining balance at 4.94 lakh tonnes so far.

that are still Influencing Markets:

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.

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



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


In the second advanced estimates, ministry expects lower Indian groundn


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

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


) 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

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.


28th May 2019

300 MT respectively in

17 and holds remaining balance at 1.26

2.08 lakh tonnes of

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

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

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

have planned and moving forward to produce



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


In the second advanced 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


c tonnes for 2018/19 season

as farmers covered the lower

groundnut area in India has been reported

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


Groundnut

Variety

Modal Price

(Rs/Qtl)

Change

Arrivals (Qtl)

27-

May-

19

25-

May-

19

27-

May-

19

25-

May

19

5918 NA NA 10 NA

Local NA NA NA NA NA



Local 4139 4000 139 36 84


NA NA NA NA NA

5698 5581 117 5 11

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

NA 4105 NA NA 12

4500 4700 -200 30 12

NA 4422 NA NA 14

3009 NA NA 1 NA

NA NA NA NA NA

5277 4739 538 12 18


28th May 2019

Arrivals (Qtl)

Change Source

May-

NA NAM

NA Agmarknet

NA Agmarknet

NA Agmarknet

48 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

18 NAM

NA NAM

NA NAM

NA NAM

6 NAM

Onion

Today’s Development:

• In major producing onion states like Maharashtra, Madhya Pradesh and Gujarat, arrivals during

the period (1st May -26th May 2019) are lower than last year during same period by 32.66%,

49.76%, and 43.76% respectively. (Source: A

amid lower anticipated production may be release of the onion crop with slower pace as

traders/farmers are expecting to fetch higher prices in coming months.

Recent Developments that are still influencin

• (26th May 2019) - Onion prices are trading firm in Maharashtra and are likely to remain on

higher side for coming months.

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

further as lower production

• (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

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

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

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

which may push the prices further upward.

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

good prices compared to previous year during peak harvesting season.

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

indicates prices to remain on higher side in coming weeks.

• (6th May 2019) - In Maharashtra,

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

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

Price and Arrivals in Major Markets

State Market Modal Wholesale Prices (Rs/Qtl)

27-May-19

Gujarat Ahmedabad 1025

Rajkot 825

Karnataka Bangalore 1050

Belgaum NA

Madhya Pradesh Indore NA

Maharashtra Lasalgaon 1151

Pune 900

Andhra Pradesh Kurnool 1070

Rajasthan Jaipur 825

Telangana Hyderabad 1050


In major producing onion states like Maharashtra, Madhya Pradesh and Gujarat, arrivals during

May 2019) are lower than last year during same period by 32.66%,

49.76%, and 43.76% respectively. (Source: Agmarknet). Reason for lower arrivals in the markets


traders/farmers are expecting to fetch higher prices in coming months.

Recent Developments that are still influencing the Market:

Onion prices are trading firm in Maharashtra and are likely to remain on

higher side for coming months.

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

further as lower production estimates in Maharashtra.

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


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

year’s Rs 701/ quintal during same time.

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

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

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

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

which may push the prices further upward.

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

good prices compared to previous year during peak harvesting season.

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


spite lower anticipated production may be better prices compared to last year.


Onion

Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons

19 25-May-19 Change 27-May-19 25-May-

800 225 1125 661

700 125 120 80

900 150 1272 1620

1000 - NA 509

700 - NA 1325

1125 26 2151 1891

NA - 890 NA

NA - 11.7 NA

800 25 744 804

900 150 550 350


28th May 2019

In major producing onion states like Maharashtra, Madhya Pradesh and Gujarat, arrivals during

May 2019) are lower than last year during same period by 32.66%,

gmarknet). Reason for lower arrivals in the markets


Onion prices are trading firm in Maharashtra and are likely to remain on

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

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


prices are trading near Rs 950/ quintal compared to last

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

% as per our estimates.

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

June 2019 under MEIS scheme

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

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

30th April 2019) are


spite lower anticipated production may be better prices compared to last year.

Arrivals in Tons Source

-19 Change

464 Agmarknet

40 Agmarknet

-348 Agmarknet

- Agmarknet

- Agmarknet

260 Agmarknet

- Agmarknet

- Agmarknet

-60 Agmarknet

200 Agmarknet

Potato Today’s Development:

• In U.P, release from cold store is in progress and picking up pace, meanwhile farmer’s stocked

crops in their farms sheds is almost over.

• In Agra, potato prices are trading near Rs 730/ quintal compared to Rs 125

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

compared to last year.

Developments that are still influencing

• (25th May 2019) - Potato prices are trading firm to steady in most of the markets and are

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

• (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, pota

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

compared to last year.

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

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.

Price and Arrivals at Major Markets

State Markets Modal Wholesale Prices (Rs/Qtl)

27-May-19

Andhra Pradesh Palamaner NA

Karnataka Bangalore 1350

Belgaum NA

Gujarat Surat 875

Madhya Pradesh Indore NA

Maharashtra Pune 1400

Delhi Delhi 768

Uttar Pradesh Agra 740


In U.P, release from cold store is in progress and picking up pace, meanwhile farmer’s stocked

is almost over.

to prices are trading near Rs 730/ quintal compared to Rs 125

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

Developments that are still influencing the Markets:

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

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

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


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

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

Price and Arrivals at Major Markets

Potato

Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons

25-May-19 Change 27-May-19 25-May

700 - NA 0.2

1350 Unch 1122 884

1350 - NA 246

875 Unch 575 600

1100 - NA 265

NA - 524 NA

768 Unch 98 642

720 20 1600 1735


29th May, 2019

In U.P, release from cold store is in progress and picking up pace, meanwhile farmer’s stocked

to prices are trading near Rs 730/ quintal compared to Rs 1250/ quintal in

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

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

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

is completed and traders are

capacity utilization from a


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


to 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 10-15 days

capacity utilization


traders are expecting approximately 85% capacity utilization compared


May meanwhile farmers are releasing crop stocked in


May-19 Change

- NAM

884 238 Agmarknet

246 - Agmarknet

600 -25 Agmarknet

265 - Agmarknet

- Agmarknet

642 -544 Agmarknet

1735 -135 Agmarknet

Tomato

Today’s Developments:

• In Madanapalle, prices are trading near Rs 2650/quintal compared to last year’s Rs 500/ quintal

during same time period.

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

regions amid lower crop size. Prices are expected to trade in similar range for coming weeks

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

Developments that are still influencing the Market:

• (25th May 2019) - In coming wee

and are likely to remain on higher side compared to last year because of lower crop size from

South Indian states.

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

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

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 peri

regions.

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

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

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

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

arrivals of summer crop in coming days.


State Markets Modal Wholesale Prices (Rs/Qtl.)

27-May-

Andhra

Pradesh

Mulakalacheruvu 2800

Madanapalle 2600

Kalikiri 2000

Pattikonda NA

Gurramkonda 1920

Karnataka Chintamani 2266

Kolar 2000

Maharashtra Pune 2000

Delhi Delhi 1522

Telangana Bowenpally NA


In Madanapalle, prices are trading near Rs 2650/quintal compared to last year’s Rs 500/ quintal

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



Developments that are still influencing the Market:

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


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

to trade in this range only for coming days.

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

time because of which prices are firm in market.

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

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

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

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

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


owing more crop because of higher prices trading at present.

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

arrivals of summer crop in coming days.


Tomato

Wholesale Prices (Rs/Qtl.) Arrivals in Tons

-19 25-May-19 Change 27-May-19 25-May

2800 Unch 37 32

2450 150 65 32

2000 Unch 12 14

NA - NA NA

1000 920 3.20 2.00

NA - 47 NA

2033 -33 458 386

NA - 243 NA

1478 44 376.6 378

4000 - NA 190.6


29th May, 2019

In Madanapalle, prices are trading near Rs 2650/quintal compared to last year’s Rs 500/ quintal

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



ks prices are expected to remain firm in most of the markets


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

trade on steady to firm in most of the markets

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

od amid lower crop size from producing

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


owing more crop because of higher prices trading at present.

Rs300/ quintal because of


May-19 Change

5 Agmarknet

33 NAM

-3 NAM

- NAM

2.00 1.20 NAM

- Agmarknet

72 Agmarknet

- Agmarknet

-1 Agmarknet

190.6 - Agmarknet

Turmeric


• In Warangal market, new Turmeric entered to the market, on an average daily basis 2,600quintal.


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

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

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

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

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 Ma

compared to last year same period 62,020 MT, 20.43% reported up from last 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 -178 7052

July-19 -192 7150

Aug-19 -190 7492

As on 27th May, 2019 at 5:00 pm Prices in Rs/quintal, Volumes and Open

State Market Variety Modal Price (Rs/Qtl)

27-May

Andhra

Pradesh

Duggirala Finger 5861

Bulb 5861

Kadapa Finger 6055

Bulb 6192

Telangana

Nizamabad Finger 5700

Bulb 5409

Warangal Finger 6400

Round 6500

Tamil Nadu Erode Finger 6888

Bulb 6107


In Warangal market, new Turmeric entered to the market, on an average daily basis 2,600


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


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

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

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 Ma


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

7052 6854 6884

7150 6940 6960

7460 7302 7302

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

Turmeric

Modal Price (Rs/Qtl) Change

Arrivals (Qtl)

May-19 25-May-19 27-May-19 25-May

5861 NA - 246 NA

5861 NA -

6055 5692 363 72 133

6192 5939 253

5700 6300 -600 51 237

5409 6469 -1060

6400 Closed - 3900 Closed

6500 Closed -

6888 NA - 448.8 NA

6107 NA -


29th May, 2019

In Warangal market, new Turmeric entered to the market, on an average daily basis 2,600– 3,250

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


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


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

6,105 11,400

4,865 9,360

580 3,925

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

Change Source

May-19

NA - NAM

133 -61 NAM

237 -186 NAM

Closed - Agriwatch

NA - Agmarknet

Chilli


• No Significant Development Today


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

• 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.

• 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 4

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 Modal Price (Rs/Qtl)

27-May-19

Andhra

Pradesh Guntur

Teja NA

334 NA

Telangana Khammam Red NA

Warangal Talu 1800


No Significant Development Today


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

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.

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

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

hectares to 127,032 hectares.

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

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

Red Chilli

Modal Price (Rs/Qtl) Change

Arrivals (Qtl)

19 25-May-19 27-May-19 25-May

NA - NA NA

NA - NA NA

NA - NA NA

NA - 14270 NA


29th May, 2019

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

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.

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

5% from last year’s 87,608

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

Change Source May-19

- NAM

- NAM

- Agmarknet

- Agmarknet

Maize


• As per trade sources, Vessel (OCEAN GLORY) with 33,000.00 tonnes of corn is

discharge at Kandla port.

• In Karnataka region, maize is likely to trade steady to range bound in the near term. In

Davangere region of Karnataka, maize is moving towards Namakkal at Rs. 2350

and Chitradurga at Rs. 2350 per quintal (Delivered price); sourced from Davan

feed makers’ demand has shifted towards Bihar.

• In Ahmedabad region of Gujarat, poultry feed makers quoted maize steady at Rs. 2160 per

quintal and starch feed makers quoted it down by Rs. 40 per quintal to Rs.2160 per quintal.

• Maize is moving towards Punjab at Rs. 2150 per quintal and U.P at Rs. 2050 per quintal; sourced

from Bihar.

• In Nizamabad, maize is moving to Hyderabad at Rs. 2250 per quintal.


• On the international front, U.S cor

At 0.88 MMT (for the period 10th May

from the previous week and 26 percent

destination like Mexico (272,300 MT), Japan (272,200 MT), Colombia (114,100 MT), Taiwan

(91,900 MT), and South Korea (72,500 MT).

• In U.S, corn planting has been 49% as of 19th May,

previous year and 31% from last 5 year average period

2019 which is lower by 28% compared to previous day.

• 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

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

• 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

90.692 million acres.

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

acres.


As per trade sources, Vessel (OCEAN GLORY) with 33,000.00 tonnes of corn is

Karnataka region, maize is likely to trade steady to range bound in the near term. In

Davangere region of Karnataka, maize is moving towards Namakkal at Rs. 2350

and Chitradurga at Rs. 2350 per quintal (Delivered price); sourced from Davan

feed makers’ demand has shifted towards Bihar.

In Ahmedabad region of Gujarat, poultry feed makers quoted maize steady at Rs. 2160 per


ng towards Punjab at Rs. 2150 per quintal and U.P at Rs. 2050 per quintal; sourced

In Nizamabad, maize is moving to Hyderabad at Rs. 2250 per quintal.


On the international front, U.S corn exports reached 37.88 MMT in the 2018-19 marketing year.

At 0.88 MMT (for the period 10th May- 16th May, 2019) US corn exports were

from the previous week and 26 percent from the previous 4-week average; mainly for the

exico (272,300 MT), Japan (272,200 MT), Colombia (114,100 MT), Taiwan

(91,900 MT), and South Korea (72,500 MT).

In U.S, corn planting has been 49% as of 19th May, 2019, which is lower by 29% compared to

previous year and 31% from last 5 year average period. It has been emerged 19% as of 19

2019 which is lower by 28% compared to previous day.

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.

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


29th May, 2019

As per trade sources, Vessel (OCEAN GLORY) with 33,000.00 tonnes of corn is at berth for

Karnataka region, maize is likely to trade steady to range bound in the near term. In

Davangere region of Karnataka, maize is moving towards Namakkal at Rs. 2350-2380 per quintal

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

In Ahmedabad region of Gujarat, poultry feed makers quoted maize steady at Rs. 2160 per


ng towards Punjab at Rs. 2150 per quintal and U.P at Rs. 2050 per quintal; sourced

19 marketing year.

16th May, 2019) US corn exports were down 11 percent

week average; mainly for the

exico (272,300 MT), Japan (272,200 MT), Colombia (114,100 MT), Taiwan

2019, which is lower by 29% compared to

. It has been emerged 19% as of 19th May,

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

time to June 6. It was for at

– 69,000 tonnes in

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

Prices & Arrivals:

State/

District Market Grade

Telangana Nizamabad Bilty

Bihar Gulabbagh Bilty

Karnataka Davangere Bilty

Delhi Delhi Loose

Andhra

Pradesh Kurnool Loose


Maize

Modal Price (Rs./Qtl)

Change

Arrivals (Qtl)

27-May-

19

25-May-

19 27-May-19 25-May


1820 1800 20 50000 50000


2000 2050 -50 NA

1871 1706 165 15

*Difference between current and previous day’s prices.


29th May, 2019

Arrivals (Qtl)


Closed - AGRIWATCH

50000 Unch AGRIWATCH

Closed - AGRIWATCH

NA - AGRIWATCH

31 -16 ENAM


Sugar


• Mixedtrend has been seen in Indi

sugar not below MSP in all sugar producing states

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

drinks and juice makers lifted sugar pric

India.

• Kolhapur sugar market prices stood at Rs. 314

• The centre has asked the sugar mills to calculate the cost of sugar production

around Rs.34 but the sources says that the stress would be relieved if the prices are finalized at

Rs.35-36. The government has finally came with initiation for the solution regarding setting of the

minimum support price which is much lower

Today’s Developments that are still Influencing Markets:

• (28th May 2019)Banks have sanctioned a soft loan of Rs.689 crore 2 lakh 79 thousand to 42

sugar mills to aid the factories to clear the pending cane arrears due to glut in production

resulting in depressed prices. The Central government will bear the interest for one year on this

loan.

• (25th May 2019) The situation of drought in Maharashtra has remained v

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 expecte

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

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

contracts have been signed for 237 crore litres for the ethanol supply period 2018

• (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 ra

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

taking place at Rs.3300 to Rs.3340 ex

• (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 millio

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.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


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

lifted sugar prices by Rs.10-30 at major markets especially in northern

arket prices stood at Rs. 3140 whereas in U.P’s Khatauli market at 3450

The centre has asked the sugar mills to calculate the cost of sugar production


. The government has finally came with initiation for the solution regarding setting of the

minimum support price which is much lower than the cost of sugar production.

Today’s Developments that are still Influencing Markets:

Banks have sanctioned a soft loan of Rs.689 crore 2 lakh 79 thousand to 42

to aid the factories to clear the pending cane arrears due to glut in production


(25th May 2019) 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,


(23rd May 2019) 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.

(21 st May 2019) 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.

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

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

have been signed for 237 crore litres for the ethanol supply period 2018

20 th May 2019 ) 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



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

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 planted area had


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



ar 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


29th May, 2019

are warned by the government to sell

, therefore, prices are trending above minimum

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

30 at major markets especially in northern

market at 3450 INR.

The centre has asked the sugar mills to calculate the cost of sugar production which may range


. The government has finally came with initiation for the solution regarding setting of the

Banks have sanctioned a soft loan of Rs.689 crore 2 lakh 79 thousand to 42

to aid the factories to clear the pending cane arrears due to glut in production


ery serious, people in

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


d to fulfill export obligations as per allotted

loading cargoes stood at $340/mt FOB

premium to Thai 45i refined sugar on a flat price basis.

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

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

have been signed for 237 crore litres for the ethanol supply period 2018-19 (Dec. – Nov).

In Maharashtra, Mills

tes are Rs.3060 to



20 but sugar output is

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

n tonnes in 2018/19, as planted area had


with the mills finally



19 marketing year is expected to be

with the opening balance of 10.7 million tonnes as on

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

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

than previous season’s production. Maharashtra’s sugar production ro

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

by ISMA.

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

sugar quota to each of 534

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 allocation @ 10% o

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


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

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 food ministry yesterday released the notification allocating 21 LMT monthly

mills in the country. Those sugar mills which have completed their


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


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)

Change27 May-19 25 May-19

Kolhapur 3140 3150 -50

Khatauli 3450 3450 Unch

Vijayawada 3680 3680 Unch

Delhi 3270 3300 Unch


29th May, 2019

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

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

April, only 100 mills are crushing sugarcane

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

se to 107LT, whereas U.P

April, data released

The food ministry yesterday released the notification allocating 21 LMT monthly

. Those sugar mills which have completed their


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


19 have been given @ 7.5% of their normal

Change Source

50 AW

Unch AW

Unch AW

Unch AW

Cotton Today’s Developments:

• Cotton prices expected to trade higher side

year and as the arrivals are on verge of end

procurement by CCI also support prices.

• The farmers are likely to shift their crop from cotton to soybean as the latter crop is sturdy

and can withstand adverse weather conditions and even it has better export opportunities over

cotton. Also the shift is seen due to IMD’s forecast that the onset

in Kerala and due to scorching heat soybean seems to be a better source of utilizing the land and

resources. The greatest rise in soybean area could be in Maharashtra, where farmers were not

happy with returns from cotton.

Recent Developments that are still Influencing Market

• (28th May 2019) As Punjab government has targeted its cotton area to 4 lakhs, the following

varieties 7172 cotton seed, BT 7172 and Bio Seed 11 have been recommended

their cost of production with less usage of fertilizers and pesticides. Also the Punjab government

is encouraging farmers to adopt drip irrigation technology on cotton crop by providing a subsidy

of 80 per cent on the total cost of the pr

farmers are likely to shift to paddy cultivation.

• (25th May 2019) From October 2018 to April 2019 the total cotton supply estimated by CAI is

314 lakh bales of 170 kgs. each which consists of the arriva

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

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

well 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 600,000 bales to 31.5 million bales in CAI's latest report

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

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

nearly 40% to 4 lakh hectares


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

as the arrivals are on verge of end. Moreover, raising domestic demand and

ent by CCI also support prices.

The farmers are likely to shift their crop from cotton to soybean as the latter crop is sturdy


cotton. Also the shift is seen due to IMD’s forecast that the onset monsoon is delayed by 7 days



happy with returns from cotton.

cent Developments that are still Influencing Market:

As Punjab government has targeted its cotton area to 4 lakhs, the following

varieties 7172 cotton seed, BT 7172 and Bio Seed 11 have been recommended



of 80 per cent on the total cost of the project. In spite of government’s recommendation Punjab

farmers are likely to shift to paddy cultivation.

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

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


season on 1st October 2018 at 28 lakh bales.

May 2019) The cotton market finished moderately higher as its oversold condition

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

May 2019) The cotton market finished Monday strong. With the U.S./China trade talks in

o, 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


whereas exports are likely to reduce to 4.7 million bales.

A 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


jected to the cotton production estimates issued by the USDA.

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


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


The Punjab agriculture department has increased the area

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


29th May, 2019

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

. Moreover, raising domestic demand and

The farmers are likely to shift their crop from cotton to soybean as the latter crop is sturdy


monsoon is delayed by 7 days



As Punjab government has targeted its cotton area to 4 lakhs, the following

varieties 7172 cotton seed, BT 7172 and Bio Seed 11 have been recommended which will lower



oject. In spite of government’s recommendation Punjab

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

l of 278.73 lakh bales upto 30th April


May 2019) The cotton market finished moderately higher as its oversold condition, as

. 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


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


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


The Punjab agriculture department has increased the area under cotton by

19 season. The season for

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 end

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 fu

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

Prices:

State/ District Market


27-May

Gujarat Rajkot 6545

Andhra Pradesh Adoni 6381

Andhra Pradesh Guntur NA

Andhra Pradesh YEMMIGANUR NA



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

market remain range bound as ginners are holding good stock so now selling fu


Cotton


Change

Arrivals (Qtl)

May-19 25-May-19 27-May-19 25-May

6545 6525 165 825 630

6381 6369 - 911 730

NA - NA NA

NA - NA NA


29th May, 2019


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

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



630 225 APMC

730 - Agriwatch

NA - Agriwatch

NA - NAM

Palm Oil


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

oil exports rose 8.5 percent to 1387062 tons compared to 1278060

last month. Top buyers were European Union 312371 tons (248,978 tons), India at 394,664 tons

(367,460 tons), United States at 129,625 tons (23,316 tons), China at 121,290 tons (162,425

tons) and Pakistan at 55,800 tons (31,000 tons) an

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) w

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 producti

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

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

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

maturing plants. Palm oil exports rose from Malaysia in

China. Palm oil exports to India rose due to lower import duty

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

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

minister of Malaysia. Malaysia is grappling with

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 Societe Generale de Surveillance (SGS), Malaysia’s May 1

oil exports rose 8.5 percent to 1387062 tons compared to 1278060 tons in corresponding period



tons) and Pakistan at 55,800 tons (31,000 tons) and. Values in brackets are figures of

corresponding period last month.

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 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.



uring 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

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



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

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


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


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



de increasing high palm oil stocks.

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



29th May, 2019

According to cargo surveyor Societe Generale de Surveillance (SGS), Malaysia’s May 1-25 palm

corresponding period



d. Values in brackets are figures of

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.



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

due to firm demand from India and

differential between CPO and RBD



in the country. This has led to lower supply if soy oil leading to

/USD leading to higher demand of


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


high stocks and low prices. Lower prices are



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


lower threshold for export duty. In

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

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

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

in Feb 2019. Imports of palm oil in Mar rose 39.21 percent to

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

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 i

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-19 513.80 519.10

31-Jul-19 517.50 521.80

31-Aug-19 0.00 0.00

As on 27-May-2019 at 9 pm


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

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

fell 4.64 percent to 29.17 lakh tons compared to 30.59 lakh tons in February 2019. Production



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


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

2019 at 3.10 MMT. Stocks of palm oil in Feb 2019 fell to 2.5 MMT from 3.02 MMT in Jan, down

Market 27May 2019 25May 2019 Change

Kandla 513 509 4

Krishnapatnam 494 490 4

Kandla 585 578 7

Kakinada 582 580 2

Krishnapatnam 570 568 2


High Low Close Change Volume

(Lots)

519.10 513.00 513.70 -2.8 1280

521.80 514.40 515.80 -1.8 63

0.00 0.00 521.60 - 0

2019 at 9 pm


29th May, 2019

donesia has kept crude palm oil export duty at zero since May

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

fell 4.64 percent to 29.17 lakh tons compared to 30.59 lakh tons in February 2019. Production of



1.31 lakh tons compared to 0.94


(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

n Feb 2019 fell to 2.5 MMT from 3.02 MMT in Jan, down

Change Source

Agriwatch

Agriwatch

Agriwatch

Agriwatch

Agriwatch


Volume

Lots) O. Int

1280 4370

403

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. Sunflower oil consumption have been r

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 rate. Import demand of sunflower

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 de

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 r

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

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

indicating destocking at ports will increase import demand. Low premium of sun oil

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

sunflower oil is expected in coming weeks.

Sunflower Oil Prices (In Rs./ 10 Kg)

Market 27May 2019 25 May 2019 Change

Chennai 770 770 Unch

Krishnapatnam 765 765 Unch

Kakinada 760 765 -5



29th 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,


tons 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

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

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

Low premium of sun oil

mand in increase import demand. Further weakness in

Change Source

Unch Agriwatch

Unch Agriwatch

Agriwatch


Groundnut oil

Today’s Developments

• No significant updates today.

Recent Developments that are still

• (15 May 2019)In Andhra Pradesh groundnut oil prices are remain on higher side due to firm

demand as demand season has arrived when high pickle and other value

demand increases. Prices are almost high in all the key state

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. P

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

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

exports of groundnut are weak and it is diverted towards crushing thereby increasing supply of

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

by fall in prices of palm oil.

Prices:

Groundnut Oil Prices (In Rs. / 10Kg)


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

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

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



ck position and pressure on prices due to harvest of groundnut.

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


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


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


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,



f palm oil.

10Kg)

27May 2019 25 May 2019 Change

1000 950 50

1100 1090 10

1050 1040 10



29th 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

s of India followed by good miller’s


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

rices of groundnut oil will be capped as peak demand



ck position and pressure on prices due to harvest of groundnut.

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


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


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

to high stocks of groundnut with NAFED.Also,



Source

Agriwatch

Agriwatch

Agriwatch

between current and previous day’s prices.

Rice


• The All-India progressive procurement of Rice as on 27

seasons stood at 417.06 lakh tonnes as compared to procurement of 300 lakh tonnes in

the corresponding period of last year. According to FCI data, in the current Kharif

marketing season, Punjab has procured 113.34 lakh tonnes rice, around 39.09 lakh

tonnes in Haryana, 40.80 lakh tonnes in Chhattisgarh, 45.73 lakh tonnes in Telangana,

32.33 lakh tonnes in Uttar Pradesh 34.65 lakh tonnes in Orissa, 32.25 lakh tonnes in

Andhra Pradesh, 13.95 lakh tonnes in Madhya Pradesh, 16.57 lakh tonnes in West

Bengal, 4.62 lakh tonnes

tonnes in Maharashtra and 9.28 lakh tonnes in Bihar.

Recent Developments that are still influencing the Markets:

• (20 May 2019) Bangladesh Government has fixed import duty on rice by doubling the present

level of 28 percent to 55 percent now, considering the country's excellent domestic production

of paddy. In this connection a government circular was issued on May 22. As a result

prospect of importing rice from India, especially outside of Bangladesh, has diminished. In the

statutory regulatory order issued by the National Revenue Board, it has been said that the new

import duty has come into force with immediate effect. The

import duty was reviewed according to the directions of the Prime Minister and it was decided

to increase rate of interest to ensure the safety of the interests of indigenous farmers.

• (20 May 2019)The Telangana Civil Sup

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 hav

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

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

per quintal with the cultivator in

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, wh

• (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

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.


India progressive procurement of Rice as on 27th May 2019 for 2018

at 417.06 lakh tonnes as compared to procurement of 300 lakh tonnes in



40.80 lakh tonnes in Chhattisgarh, 45.73 lakh tonnes in Telangana,



Bengal, 4.62 lakh tonnes in Uttrakhand, 11.58 lakh tonnes in Tamil Nadu, 4.25 lakh

tonnes in Maharashtra and 9.28 lakh tonnes in Bihar.

Recent Developments that are still influencing the Markets:

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


of paddy. In this connection a government circular was issued on May 22. As a result



import duty has come into force with immediate effect. The Chairman of the Board said that the



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



Egypt has issued tender for purchase of Indian, Chinese and Vietnamese

hose shipment will be from July 25 to August 20

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


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 cent. During


paddy has reached the price of Narela Mandi 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

, 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




29th May, 2019

May 2019 for 2018-19

at 417.06 lakh tonnes as compared to procurement of 300 lakh tonnes in



40.80 lakh tonnes in Chhattisgarh, 45.73 lakh tonnes in Telangana,



in Uttrakhand, 11.58 lakh tonnes in Tamil Nadu, 4.25 lakh

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


of paddy. In this connection a government circular was issued on May 22. As a result, the



Chairman of the Board said that the



ply Department (TCSD) has so far procured 68 lakh tons of



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

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


10 days, domestic prices of

e increased by 22 per cent. During


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

ward. Prices of 1121 Sela have reached Rs 7800/8000 per

The Maharashtra government has set up State Agriculture Committee to create

ich aims to increase the export of rice and fruits.

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

kg bag of paddy that sold

1,400, which also finds reflection in rice prices.

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

was suffering losses due to lower demand and due to



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

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

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

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 recently agreed to

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.

Prices & Arrivals

Rice

State/

District Market Variety

Modal Price (Rs

27-

CHHATTIS

GARH BALOD

PADDY-

SWARNA

MASOORI 1440

CHHATTIS

GARH

BHATAPA

RA

PADDY-

HMT 2140

CHHATTIS

GARH BALOD

PADDY

1001 1416

TELANGA

NA

BADEPAL

LY

Paddy

RNR 1860

TELANGA

NA

MAHBUB

NAGAR RNR 1870

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does accuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. Tbe 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 permissiemployees 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.


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

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



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


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

Modal Price (Rs

/Qtl) Change

Arrivals (Qtl)

Change-May-

19

25-May-

19

27-May-

19

25-May-

19

1440 1450 -10 8 34 -26

2140 2155 -15 54 55 -1

1416 1525 -109 41 179 -138

1860 1880 -20 17 53 -36

1870 1780 90 46 15 31

Disclaimer

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

(or investment). Please see the detailed disclaimer at © 2019 Indian Agribusiness Systems Ltd.


29th May, 2019

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

put some conditions for importing Basmati rice. One of the



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


Change Source

26 E-nam

E-nam

138 E-nam

36 E-nam

31 E-nam

information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its his 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 on 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 (or investment). Please see the detailed disclaimer at © 2019 Indian Agribusiness Systems Ltd.

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