AP Daily Commodities Outlook Report 2019-05-15 · 2019. 5. 15. · Daily chana cash market in...

Pulses

Today’s developments:

• 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 mar

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.

• In AP mansoon rains are expected in the second week of June and farmers may start planting of

various kharif crops including pulses from mid

coverage for cash crops. If there is deficient rains and planting got delayed, it would push

price once again. Weather departments of Japan, America and Australia have forecast lower

rainfall this year due to emerging El

while in other region it may even lower. Now forecast from I

second week of June.

• 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.

Recent Developments that are still Influencing Markets:

• (13 May 2019)In case of tur

would be examined on 11th

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

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

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

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

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 higher and there is not much sto

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

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

there is no scope for import. So uptrend may continue in the sh

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 higher quantity as they have

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) Procurem

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.

Daily

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

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


stabilize as Govt would not allow market to cross beyond a certain level.

expected in the second week of June and farmers may start planting of

various kharif crops including pulses from mid-June. Good rainfall would ensure better area

coverage for cash crops. If there is deficient rains and planting got delayed, it would push


rainfall this year due to emerging El-Nino condition. Central India may get 91% of normal rainfall

while in other region it may even lower. Now forecast from IMD is awaited and it is due in the

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


demand side is almost balanced right now. But one bad kharif season may distort

market. Now market is awaiting monsoon rainfall.


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

nd from dal millers. Tur lemon in Mumbai was traded at Rs5450


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

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 sto



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



Procurement agencies have procured total 261953.94 MT chana till 7



Daily Price Monitoring Report

15th May 2019

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

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

kets. It is still ruling up. However, all other pulses tried


expected in the second week of June and farmers may start planting of

June. Good rainfall would ensure better area

coverage for cash crops. If there is deficient rains and planting got delayed, it would push pulses


Nino condition. Central India may get 91% of normal rainfall

MD is awaited and it is due in the

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


demand side is almost balanced right now. But one bad kharif season may distort

ore than 6000 applications for import. It

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.

nd from dal millers. Tur lemon in Mumbai was traded at Rs5450-5500 per qtl.


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

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

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



ort to medium term. Demand from

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



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



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

Procurement in UP and Karnataka is yet to begin.

● (07 May 2019)Slight recovery was seen in

motors. It was traded at Rs4350

cash market could not move up asper market expectation. Actually, there is plenty of stock in

central pool and cold storage and it is keeping market restricted at certain level despite on

procurement drive and lower crop size this year. Chana cash market is expected to trade steady to

slightly firm.It may trade in the range of Rs 4350

● (07 May 2019)Moong may trade lower despite ongoing procurement drive. In Jaip

being traded at Rs 6300 .It may extend it loss further by Rs200 as demand at higher level has

decreased. As there is a short supply of quality moong in the market, superior grade may trade

steady. Crop from Nimar line,UP and Bihar started h

the near term. However, medium term outlook remains firm.

● (07 May 2019)Tur too may decrease by Rs 200 per qtl as millers are preferring lemon tur right now

which is available at Rs5250 at Mumbai port. Once th

trade firm again in the medium term. In Gulberga market tur is being traded at Rs5400

qtl. Overall tone remains firm.

● (07 May 2019) Urad is likely to trade steady to slightly firm as supply demand side seem

while stockists are unwilling to release stock hoping higher price in the medium term. No new big in

crop is due in the near future while demand is likely to improve amid restricted import volume for

the year. FAQ urad in Mumbai market is being

4550. Steady to slightly firm tone may prevail in cash market in the near term.

● (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 ura

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 each so far.

● (02 May 2019) Chana may continue to trade range bound this week as millers are unwilling to buy

for stock purpose. In Delhi market chana is being traded at Rs 4350

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

from Ramdan’s demand and improved pace of procurement. However, it may not push up price

beyond MSP level in any case in the near term. There is plenty of old stoc

holds 10 lakh MT as buffer stock, there would be still marketable surplus of 7 lakh MT. It would cap

uptrend. Chana cash market would move up beyond MSP, but not before June.

● (26Apr 2019)Tur import quota for private trade has been f

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

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

hints market to move up.

● (20 Apr2019) IMD has forecast normal monsoon this year and with

better kharif crop have improved. Even Australian weather department has changed its forecast

regarding El-Nino impact now. As per the latest update duration for El

shorter period. It shows that IMD for

likely spike in food grains market.

Daily

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

Procurement in UP and Karnataka is yet to begin.

Slight recovery was seen in chana cash market in Delhi. Arrival was reported at 20

Rs4350-4400.As demand remains subdued despite Ramdan being at hand,


central pool and cold storage and it is keeping market restricted at certain level despite on


slightly firm.It may trade in the range of Rs 4350-4500 in the near term.

may trade lower despite ongoing procurement drive. In Jaip



steady. Crop from Nimar line,UP and Bihar started hitting the market, so pressure might be seen in

the near term. However, medium term outlook remains firm.

too may decrease by Rs 200 per qtl as millers are preferring lemon tur right now

which is available at Rs5250 at Mumbai port. Once the imported stock gets exhausted, tur may

trade firm again in the medium term. In Gulberga market tur is being traded at Rs5400

qtl. Overall tone remains firm.

is likely to trade steady to slightly firm as supply demand side seem



the year. FAQ urad in Mumbai market is being traded at Rs 4400-4450 and in Chennai at Rs 4500


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

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

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


il Nadu and Andhra Pradesh have procured2500 MT moong each so far.

may continue to trade range bound this week as millers are unwilling to buy

for stock purpose. In Delhi market chana is being traded at Rs 4350-4400. Weak demand amid

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


beyond MSP level in any case in the near term. There is plenty of old stoc



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


size this year may push tur cash market up towards MSP level in the medium term. Crop in Burma

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

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


Nino impact now. As per the latest update duration for El-Nino impact would be for a

shorter period. It shows that IMD forecast may come true. Good kharif crop prospects may cap any

likely spike in food grains market.


15th May 2019

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

cash market in Delhi. Arrival was reported at 20-25

4400.As demand remains subdued despite Ramdan being at hand,


central pool and cold storage and it is keeping market restricted at certain level despite ongoing


may trade lower despite ongoing procurement drive. In Jaipur market it is



itting the market, so pressure might be seen in

too may decrease by Rs 200 per qtl as millers are preferring lemon tur right now

e imported stock gets exhausted, tur may

trade firm again in the medium term. In Gulberga market tur is being traded at Rs5400-5500 per

is likely to trade steady to slightly firm as supply demand side seems balanced



4450 and in Chennai at Rs 4500-


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

d on MSP so far.It has procured 1.11lakh tonne tur in

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


il Nadu and Andhra Pradesh have procured2500 MT moong each so far.

may continue to trade range bound this week as millers are unwilling to buy

4400. Weak demand amid

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


beyond MSP level in any case in the near term. There is plenty of old stock with Nafed. If Nafed



ixed 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-


cash market up towards MSP level in the medium term. Crop in Burma

is one and a half month away from now and forward deals have been struck at $ 700-710 per MT. It

this forecast prospect for


Nino impact would be for a

ecast may come true. Good kharif crop prospects may cap any

Price & Arrival:

State/District Market

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

Daily

Urad

Modal Price (Rs/Qtl)

Chang

e

Arrivals (Qtl)

14 May

2019

13 May

2019

14

May

2019

13

May

201

Guntur(Gota 7950 8000 -50 NA NA

6050 6100 -50 3000 3000

5850 5750 100 20 20

4850 4875 -25 NA 2000

Tur


Chang

e

Arrivals (Qtl)

14 May

2019

13 May

2019

14

May

2019

13

May

2019

Yemmiganur NA NA - NA NA

5100 5426 -326 1 8

5800 5775 25 187 53

5450 5450 Unch NA NA

Moong


Chang

e

Arrivals (Qtl)

14 May

2019

13 May

2019

14

May

2019

13

May

2019

6050 5958 92 2 13

NA 5125 - NA 50

NA 5879 - NA 204

6000 6100 -100 500 1000

Chana


Chang

e

Arrivals (Qtl)

14 May

2019

13 May

2019

14

May

2019

13

May

2019

4228 4350 -122 31 40

Yemmiganur 4280 4230 50 22 4

4400 4450 -50 1300 1000

4312 NA - 198 NA


15th May 2019

Arrivals (Qtl)

Chang

e Source

13

May

2019

NA - Agriwatch

3000 Unch Agriwatch

20 Unch Agmarkne

t

2000 - Agriwatch

Arrivals (Qtl)

Chang

e Source

13

May

2019

NA - eNAM

-7 eNAM

53 134 eNAM

NA - Agriwatch

Arrivals (Qtl)

Chang

e Source

13

May

2019

13 -11 eNAM

50 - Agmarkne

t

204 - Agmarkne

t

1000 -500 Agriwatch

Arrivals (Qtl)

Chang

e Source

13

May

2019

40 -9 eNAM

18 eNAM

1000 300 Agriwatch

NA - eNAM

Chana at NCDEX

Contract Open

19-May 4485

19-Jun 4545

19-Jul 4604

As on 14 May - 2019 at 5pm

Daily

High Low Close Change Volume

4487 4464 4464 -24

4553 4500 4519 -16

4604 4553 4570 -18

2019 at 5pm


15th May 2019

Volume O.Int

390 1530

35230 136940

6600 33920

Rs/Quintal

Groundnut

Current Developments: • No significant updates.

Recent Developments that are still Influencing Markets:• (10.05.2019)Nafed sold total groundnut K

in India. It has disposed total

197538.25 MT so far in Gujarat

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 26.29

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 (forme

‘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 I

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

Kharif groundnut crop size

17.74% than the production of 66.15 million t

rainfall at initial stage of crop and lower acreage are the main reason to cut output of Groundnut.

• (22.02.2019) We expects AP groundnut crop size at 4.21 lakh metri

lower from previous year crop size i.e. 5.48 lakh metric

sowing area for this season.

• (15.02.2019) As per recent ministry report, total

down at 4.81 Lakh hac. in this year as compared to 6

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 ton

groundnut production is estimated at 1.49 lakh tons.

Daily

Recent Developments that are still Influencing Markets: Nafed sold total groundnut K-17 & K-18 at 1148.65 MT and 1

in India. It has disposed total 847164.41 MT of groundnut K-17 and holds remaining balance at

Gujarat market only. Additionally, Nafed has sold total

18 and holds remaining balance at 535193.73 MT so far.

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

March 2019 amounting total Rs. 3296 crores as compared to

during the same period of time. However, the shipment is higher by 26.29

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



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


In the second advanced estimates, ministry expects lower I


Kharif groundnut crop size 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

ious year crop size i.e. 5.48 lakh metric tonnes as farmers covered

for this season.

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.


15th May 2019

MT and 1189.59 MT respectively

17 and holds remaining balance at

market only. Additionally, Nafed has sold total 167583.07 MT of

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 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

d by farmers) have planned and moving forward to produce



ints by farmers 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

tonnes as farmers covered the lower

groundnut area in India has been reported

.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:


Andhra

Pradesh

Adoni

Dharmavaram

Gooti

Guntakal

Kadapa

Kadiri

Kalyandurg

Kurnool

Madakasira

Penukonda

Piler

Rayachoti

Srikalahasti

Tenakallu

Yemmiganur

Gujarat

Bhavnagar

Deesa

Jamnagar

Rajkot

Telangana

Nagarkurnool

Suryapeta

Tandur

Wanaparthy

Town

Daily

Groundnut

Variety

Modal Price

(Rs/Qtl)

Change

Arrivals (Qtl)

14-

May-

19

13-

May-

19

14-

May-

19

5557 5436 121 17

Local NA NA NA NA

Local NA NA NA NA

Local NA NA NA NA

Local 5370 4111 1259 69

Local NA NA NA NA

NA NA NA NA

5437 5529 -92 32

JL-24 NA NA NA NA

Local NA NA NA NA

Local NA NA NA NA

Local NA NA NA NA

Other NA NA NA NA

Local NA NA NA NA

5080 5020 60 22

NA NA NA NA

NA NA NA NA

NA NA NA NA

4600 4790 -190 40

5232 4542 690 12

NA NA NA NA

NA NA NA NA

NA 4959 NA NA


15th May 2019

Arrivals (Qtl)

Change Source 13-

May-

19

4 13 NAM

NA NA Agmarknet

NA NA Agmarknet

NA NA Agmarknet

56 13 NAM

NA NA Agmarknet

NA NA Agmarknet

13 -2 NAM

NA NA Agmarknet

NA NA Agmarknet

NA NA Agmarknet

NA NA Agmarknet

NA NA Agmarknet

NA NA Agmarknet

27 -2 NAM

NA NA NAM

NA NA NAM

NA NA NAM

12 28 NAM

5 7 NAM

NA NA NAM

NA NA NAM

6 NA NAM

Onion

Today’s Development:

• 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

Recent Developments that are still influencing the Market:

• (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

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

• (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

• (6th May 2019) - Prices

months because of lower

• (3rd May 2019) - Across the country fresh crop is coming in mark

Rajasthan, Madhya Pradesh and Gujarat.

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

lower Rabi acreage in major producing regions.

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

on 1st May.

• (29 April 2019) - Prices reported steady to firm in most of the markets amid higher arrivals

which indicates firmness in market ahead.

• (25 April 2019) - Prices are increasing in most o

coming days.

Price and Arrivals in Major Markets

State Market Modal Wholesale Prices (Rs/Qtl)

14-May

Gujarat Ahmedabad 700

Rajkot 725

Karnataka Bangalore 750

Belgaum NA

Madhya Pradesh Indore 600

Maharashtra Lasalgaon NA

Pune 600

Andhra Pradesh Kurnool NA

Rajasthan Jaipur 750

Telangana Hyderabad 800

Daily

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.

Recent Developments that are still influencing the Market:

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

indicates prices to remain on higher side in coming weeks.

In Maharashtra, arrivals during the period (1st April


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

Prices have started to strengthen and are expected to rise further

months because of lower rabi acreage in Maharashtra.

Across the country fresh crop is coming in mark

Rajasthan, Madhya Pradesh and Gujarat.

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

eage in major producing regions.

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

Prices reported steady to firm in most of the markets amid higher arrivals

which indicates firmness in market ahead.

Prices are increasing in most of the markets and expected t


Onion

Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons

May-19 13-May-19 Change 14-May-19 13

700 700 Unch 854

725 675 50 180

750 750 Unch 1658

NA 800 - NA

600 600 Unch 1540

NA NA - NA

600 600 Unch 1179

NA 670 - NA

750 630 120 776

800 700 100 450


15th May 2019

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

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

June 2019 under MEIS scheme

in most of the markets because farmers are fetching

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

April -30th April 2019) are


may be better prices compared to last year.

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

Across the country fresh crop is coming in market from Maharashtra,

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

ed closed amid Maharashtra Day

Prices reported steady to firm in most of the markets amid higher arrivals

the markets and expected to increase further in

Arrivals in Tons Source

13-May-19 Change

1449 -595 Agmarknet

250 -70 Agmarknet

2219 -561 Agmarknet

221 - Agmarknet

2064 -524 Agmarknet

NA - Agmarknet

908 271 Agmarknet

11.6 - Agmarknet

504 272 Agmarknet

600 -150 Agmarknet

Potato Today’s Development: (No significant developments today)

Developments that are still influencing the Markets:

• (14th May 2019) - In U.P,

meanwhile farmers are releasing crop stocked in their farms sheds. Once release from c

storage starts prices are likely to move upward.

• (14th May 2019) - In Agra, potato prices are trading near Rs 700/ quintal compared to Rs 1230/

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

compared to last year.

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

most of the markets.

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

compared to last year storage of 7

capacity is approximately 28.75 lakh tons.

• (6th May 2019) -In U.P,

to last year 78% capacity utilization from a total stora

cold stores to open full fledge after 15

their farms sheds.

• (1st May 2019) - Prices are trading lower than last year during same time period because of fresh

potato coming in markets that is stored in sheds by farmers but prices are expected to increase

after May mid because of release from cold storages will pick pace.

• (30 April 2019) -Prices are increasing and likely to increase in coming days

cold storage is expected to start in couple of weeks.

• (26 April 2019) -In U.P, prices in markets like

the crop which is lying in open storage and prices may remain low for next few weeks but afte

May 2nd week prices are expecte

• (25 April 2019) -Potato prices are likely to move upward in coming couple of weeks because

loading in cold store is similar to previous year in major producing regions.

Price and Arrivals at Major Markets

State Markets Modal Wholesale Prices (Rs/Qtl)

14-May

Andhra Pradesh Palamaner 1300


Belgaum NA

Gujarat Surat 900


Maharashtra Pune 1200

Delhi Delhi 758

Uttar Pradesh Agra 730


icant developments today)

Developments that are still influencing the Markets:

In U.P, traders are expecting cold stores to open full fledge in a week,

meanwhile farmers are releasing crop stocked in their farms sheds. Once release from c

storage starts prices are likely to move upward.

In Agra, potato prices are trading near Rs 700/ quintal compared to Rs 1230/

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

Amid higher arrivals in producing region prices are trading steady to firm in

In Gujarat, traders are expecting approximately 75% capacity utilization

compared to last year storage of 77.17% capacity utilization last year. In Gujarat, cold storage

capacity is approximately 28.75 lakh tons.

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 15th May meanwhile farmers are releasing crop stocked in

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

otato coming in markets that is stored in sheds by farmers but prices are expected to increase

after May mid because of release from cold storages will pick pace.

Prices are increasing and likely to increase in coming days

cold storage is expected to start in couple of weeks.

In U.P, prices in markets like Manipuri, Agra is trading on lower side because of

the crop which is lying in open storage and prices may remain low for next few weeks but afte

2nd week prices are expected to increase.

Potato prices are likely to move upward in coming couple of weeks because


Price and Arrivals at Major Markets

Potato



1300 800 500 0.2

1325 1325 Unch 1052

1000 - NA

900 900 Unch 750

1000 900 100 265

1200 1200 Unch 772

758 758 Unch 1090

730 700 30 1450


15th May, 2019

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

meanwhile farmers are releasing crop stocked in their farms sheds. Once release from cold

In Agra, potato prices are trading near Rs 700/ quintal compared to Rs 1230/

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

Amid higher arrivals in producing region prices are trading steady to firm in

In Gujarat, traders are expecting approximately 75% capacity utilization

7.17% capacity utilization last year. In Gujarat, cold storage

traders are expecting approximately 85% capacity utilization compared

ge of 142 lakh tons. Traders are expecting

May meanwhile farmers are releasing crop stocked in

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

otato coming in markets that is stored in sheds by farmers but prices are expected to increase

Prices are increasing and likely to increase in coming days because release from

, Agra is trading on lower side because of

the crop which is lying in open storage and prices may remain low for next few weeks but after

Potato prices are likely to move upward in coming couple of weeks because



13-May-19 Change

0.9 -0.7 NAM

899 153 Agmarknet

107 - Agmarknet

700 50 Agmarknet

347 -82 Agmarknet

717 55 Agmarknet

117 973 Agmarknet

1505 -55 Agmarknet

Tomato

Today’s Developments:

• Tomato prices reported steady to firm on Tuesday amid increase in arrivals in few markets.

Prices are expected to trade on higher side.

Developments that are still influencing the Market:

• (14th May 2019) - Across the country prices are firm in most of the markets during the week

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

regions.

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

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.

• (10th May 2019) - Tomato prices are expected to tra

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

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

arrivals of summer crop in coming days.

• (6th May 2019) - All India tomato arrivals are comparatively lower than last year during same

time because of which prices are firm in market.

• (6th May 2019) - In Andhra Pradesh, prices are trading on higher side because of lower arrivals

from producing regions amid lower

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

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

producing regions.

• (2nd May 2019) - Madanapalle market reported closed on Friday because of Labours Day.

• (2nd May 2019) - IMD has forecasted rains and gusty winds in coming days which may increase

the tomato prices in coming days.


State Markets Modal Wholesale Prices (Rs/Qtl)

14-May

Andhra Pradesh Palamaner 1300


Belgaum NA

Gujarat Surat 900


Maharashtra Pune 1200

Delhi Delhi 758

Uttar Pradesh Agra 730


Tomato prices reported steady to firm on Tuesday amid increase in arrivals in few markets.

Prices are expected to trade on higher side.

Developments that are still influencing the Market:

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


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



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

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

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

arrivals of summer crop in coming days.

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

time because of which prices are firm in market.

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

from producing regions amid lower crop size. Prices are expected to trade in similar range for


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

Madanapalle market reported closed on Friday because of Labours Day.

IMD has forecasted rains and gusty winds in coming days which may increase

the tomato prices in coming days.


Potato



1300 800 500 0.2

1325 1325 Unch 1052

1000 - NA

900 900 Unch 750

1000 900 100 265

1200 1200 Unch 772

758 758 Unch 1090

730 700 30 1450


15th May, 2019

Tomato prices reported steady to firm on Tuesday amid increase in arrivals in few markets.

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


p area has declined by almost



de on steady to firm in most of the markets

Rs300/ quintal because of

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

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

crop size. Prices are expected to trade in similar range for


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

Madanapalle market reported closed on Friday because of Labours Day.

IMD has forecasted rains and gusty winds in coming days which may increase


13-May-19 Change

0.9 -0.7 NAM

899 153 Agmarknet

107 - Agmarknet

700 50 Agmarknet

347 -82 Agmarknet

717 55 Agmarknet

117 973 Agmarknet

1505 -55 Agmarknet

Turmeric


(No significant developments today)

Recent Developments that are stil

• In Maharashtra, current year Turmeric sowing likely to start from May. However, prevailing

drought like condition has started impacting farmer’s pre sowing intention. During 01

08-05-2019, in Marathwada region lower by 59% and in Madhya Maharashtra region rainfall

departure lower by 57%. If it will continue we expect Turmeric sowing area drastically come down

and likely to support prices.

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

waiting for first monsoon rainfall for sowing activity.

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

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 and Arrivals

NCDEX:

State Market Variety Modal Price (Rs/Qtl

14-May

Andhra

Pradesh

Duggirala Finger 5640

Bulb 5700

Kadapa Finger 5425

Bulb 5845

Telangana

Nizamabad Finger 6289

Bulb 5769

Warangal Finger 6100

Round 5950

Tamil Nadu Erode Finger

Bulb

Contract Change Open

May-19 +22 6598

Jun-19 +26 6710

July-19 +12 6800

As on 14th May, 2019 at 5:00 pm


developments today)


In Maharashtra, current year Turmeric sowing likely to start from May. However, prevailing

drought like condition has started impacting farmer’s pre sowing intention. During 01

2019, in Marathwada region lower by 59% and in Madhya Maharashtra region rainfall


and likely to support prices.

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

waiting for first monsoon rainfall for sowing activity.

econd advance production estimate, Turmeric production for

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

Turmeric

Modal Price (Rs/Qtl) Change

Arrivals (Qtl)

May-19 13-May-19 14-May-19

5640 5700 -60 1066

5700 5540 +160

5425 5868 -443 408

5845 5782 +63

6289 5713 +576 147

5769 6029 -260

6100 6100 0 4000

5950 5950 0

NA NA - NA

NA NA -

Turmeric at NCDEX

High Low Close

6630 6580 6606

6786 6682 6728

6868 6772 6814

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


15th May, 2019

In Maharashtra, current year Turmeric sowing likely to start from May. However, prevailing

drought like condition has started impacting farmer’s pre sowing intention. During 01-03-2019 to

2019, in Marathwada region lower by 59% and in Madhya Maharashtra region rainfall


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

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

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

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

Arrivals (Qtl) Change Source

13-May-19

985 +81 NAM

615 -207 NAM

190 -43 NAM

4000 0 Agriwatch

NA - Agmarknet

Volume O.Int

830 585

3970 16990

1055 4290

Prices in Rs/quintal, Volumes and Open interest in MT

Chilli


(No Significant Development


• Continued export demand reported well from China, Sri Lanka,

• Continued lower supply in the spot market supported the prices, Stockists were expecting higher prices in coming days.

• Chilli cold storage stocks entered in the Guntur spot market as normal quality supply reported lower, till now around 11,250 MT traded already, before summer vacation (likely to start from 9th May) more 2,250 MT likely to be trade.

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

Guntur stood at 247,500 t

according to various trade estimates. Current year cold storage stocks reported lower as carry

forward stocks reported less.

• In Guntur market, annual summer vacation likely to start from 9th

reopen prices likely to go up further in the spot market.

• New crop supply continued in Guntur market, however current year quality reported lower due to

lower rainfall and virus infection.

• As per Agriwatch second advance estimate,

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

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

Prices & Arrivals

State Market Variety


14-May

Andhra

Pradesh Guntur

Teja 11000

334 8000

Telangana Khammam Red NA

Warangal Talu NA


No Significant Developments Today)


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

Continued lower supply in the spot market supported the prices, Stockists were expecting higher

Chilli cold storage stocks entered in the Guntur spot market as normal quality supply reported , till now around 11,250 MT traded already, before summer vacation (likely to start from 9th

May) more 2,250 MT likely to be trade.

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

Guntur stood at 247,500 to 252,000 MT and in Andhra Pradesh around 310,500 to 315,000 MT


forward stocks reported less.

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

reopen prices likely to go up further in the spot market.

New crop supply continued in Guntur market, however current year quality reported lower due to

lower rainfall and virus infection.

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


hectares to 127,032 hectares.

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

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

Red Chilli


Change

Arrivals (Qtl)

May-19 13-May-

19

14-May-

19 13-May

11000 10000 +1000 422

8000 8000 0 461

NA NA NA NA

NA NA NA NA


15th May, 2019

Malaysia, Bangladesh and UAE etc.

Continued lower supply in the spot market supported the prices, Stockists were expecting higher

Chilli cold storage stocks entered in the Guntur spot market as normal quality supply reported , till now around 11,250 MT traded already, before summer vacation (likely to start from 9th

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

o 252,000 MT and in Andhra Pradesh around 310,500 to 315,000 MT


May for one month, after

New crop supply continued in Guntur market, however current year quality reported lower due to

Andhra Pradesh production likely to come 434,449


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

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

Arrivals (Qtl)

Change Source May-19

268 +154 NAM

402 +59 NAM

NA NA Agmarknet

NA NA Agmarknet

Maize


• Brazil's corn production th

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

2019.

• As per USDA, U.S corn exports reached 36.02 MMT in the 2018

(for the period 26th Apr

previous week and 4 percent from the previous 4

Mexico (467,100 MT), Japan (232,800 MT), South Korea (140,800 MT) Colombia (139,100 MT),

and El Salvador (41,200 MT).


• In Bihar, despite new crop arrival pressure; maize could trade steady to slightly firm from the

current level due to high feed makers demand.

• Maize is moving towards Benga

Chitradurga at Rs. 2150 per quintal, Sangali at Rs. 2150 per quintal, Chennai at Rs. 2300 per

quintal and Ranebennur at Rs. 2150 per quintal (Delivered price); sourced from Davangere.

• Maize is moving towards Punjab at Rs. 2100 per quintal and U.P at Rs. 2000 per quintal; sourced

from Bihar.

• The district agriculture department has constituted a joint pest monitoring committee in

Coimbatore this year to check losses by pests control methods ado

wake of widespread attack by pest "Fall Army Worm" (Spodoptera frugipeda) in maize

plantation across the region previous season.

• Indian state-run trading company MMTC has one again postponed the deadline for offer

submissions in an international tender to buy and import yellow maize

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

Prices & Arrivals:

State/

District Market Grade

Modal Price (Rs./Qtl)

14-

Telangana Nizamabad Bilty

Bihar Gulabbagh Bilty

Karnataka Davangere Bilty

Delhi Delhi Loose

Andhra

Pradesh Kurnool Loose


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



n fell to 80.7 million tonnes because of a drought.

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

As per USDA, U.S corn exports reached 36.02 MMT in the 2018-19 marketing year. At 1.15 MMT

26th Apr- 02nd May, 2019) US corn exports were down 16 percent from the

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


and El Salvador (41,200 MT).


In Bihar, despite new crop arrival pressure; maize could trade steady to slightly firm from the

current level due to high feed makers demand.

Maize is moving towards Bengaluru at Rs. 2250 per quintal, Namakkal at Rs. 2200 per quintal,



s moving towards Punjab at Rs. 2100 per quintal and U.P at Rs. 2000 per quintal; sourced

The district agriculture department has constituted a joint pest monitoring committee in

Coimbatore this year to check losses by pests control methods adopted by farmers. This is in


plantation across the region previous season.

run trading company MMTC has one again postponed the deadline for offer

an international tender to buy and import yellow maize

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

Maize

Modal Price (Rs./Qtl) Change

Arrivals (Qtl)

-May-19 13-May-19 14-May-19 13-May-

2150 2150 Unch 5000 5000

1830 1820 10 30000 40000

2200 2200 Unch 1000 1500

2000 2000 Unch NA NA

NA 1976 - NA 50

*Difference between current and previous day’s prices.


15th May, 2019

is year will be the highest on record, commodities consultancy



year ago, as on 14 May 14,

19 marketing year. At 1.15 MMT

02nd May, 2019) US corn exports were down 16 percent from the

week average; mainly for the destination like


In Bihar, despite new crop arrival pressure; maize could trade steady to slightly firm from the

luru at Rs. 2250 per quintal, Namakkal at Rs. 2200 per quintal,



s moving towards Punjab at Rs. 2100 per quintal and U.P at Rs. 2000 per quintal; sourced

The district agriculture department has constituted a joint pest monitoring committee in

pted by farmers. This is in


run trading company MMTC has one again postponed the deadline for offer

an international tender to buy and import yellow maize-corn, this time to May

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

Change Source -19

Unch AGRIWATCH

40000 -10000 AGRIWATCH

-500 AGRIWATCH

- AGRIWATCH

- ENAM


Sugar


• Mixed trend has been seen in Indian sugar market

the government to sell sugar not below MSP in all sugar producing states. The sudden rise in

temperature and improved bulk and retail demand from cold drinks and juice makers lifted sugar

prices by Rs.10-30 at major markets.

• Kolhapur sugar market prices stood at Rs.312

Today’s Developments that are still Influencing Markets:

• (9th May 2019) Brazil is expected to produce a smaller cane crop in 2019

expected to be higher according to government agency Conab. They projected the main center

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

fallen in the region and country because many farmers are swit

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,

May 6 are Rs 4,831crore.

• (7th May 2019) The sugar stocks at the end of the 2018

higher level at around 14.7 million tonnes

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

according to ISMA.

• (5th May 2019) Sugar mills produced 9.36 LT higher sugar stood at 321.19 LT from 311.83 LT

during the same time last yea

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. Mahar

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

by ISMA.

• (3rd May 2019) The government has raised its sugar production estimate for 2018

September) to a record 32.5 MT from 31.5 MT estimated in March,

in the previous year. The production, however, is expected to be higher than the annual domestic

requirement of 25-26 MT.

• (2nd May 2019) The food ministry yesterday

sugar quota to each of 534 mills in the country

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

the sugar season 2018-19 have been given incentive in the form of additional 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.

• (1st May 2019) Government is likely to announce monthly sales quota for May month which is

speculated to be around 21 to 22 lakh tonnes

month’s quota of 18 lakh tonnes plus

for March in April.


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



ajor markets.

arket prices stood at Rs.3120 whereas in U.P’s Khatauli market at Rs.3399

Today’s Developments that are still Influencing Markets:

Brazil is expected to produce a smaller cane crop in 2019

according to government agency Conab. They projected the main center


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

The Maharashtra’s cane dues now amount to Rs 3,595 crore,


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

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

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


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 30

The government has raised its sugar production estimate for 2018

ptember) to a record 32.5 MT from 31.5 MT estimated in March, similar to what was achieved


26 MT.

The food 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


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

allocation for the month of May, 2019.

Government is likely to announce monthly sales quota for May month which is

speculated to be around 21 to 22 lakh tonnes according to trade sources which is higher than previous

ota of 18 lakh tonnes plus the centre also allowed mills to sell their unsold sugar stocks


15th May, 2019

Thursday.Mills are warned by



market at Rs.3399INR.

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-


ching to other crops such as

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


of which Rs 16,545 crore have been paid. Outstanding dues as on

19 marketing year is expected to be

with the opening balance of 10.7 million tonnes as on


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

ashtra’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 2018-19 (October-

similar to what was achieved


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

Government is likely to announce monthly sales quota for May month which is

according to trade sources which is higher than previous

the centre also allowed mills to sell their unsold sugar stocks

• (30th April 2019) The sugar exports have been hindered by excess output and lower (than

domestic) international prices. Between October 1, 2018 a

35 per cent out of the target of 5 MMT, though the crushing season is almost over. With the net

supply continuing to far exceed demand, India is likely to open the new sugar year 2019

carry-over stock of over 10 MMT according to ISMA.

• (29th April 2019) Of the 5 mln tn export target set by the government for 2018

mills have shipped out 2.2 mln tn

3.5 mln tn this season ending Se

• (26th April 2019) Sugar production has

the last year's record of 32.5 mln tn

• (25th April 2019) Pakistan exports 1.5 Lakh Tonnes o

incentive package of $ 1 billion.

tonnes of sugar for which India has been waiting for long time. Pakistani official stated that that

China has extended a duty free package for export of rice, sugar and 3.5 lakh tonnes of cotton

yarn to Pakistan.

• (24th April 2019) Sugar cane arrears of farmers in Uttar Pradesh till April 18 stands Rs.9,536

crore. Despite the central government’s announcement of a s

mills in UP and further Rs.500 crore from the state government to 24 cooperative sugar mills for

settling the arrears.

• (23rd April 2019)The Sugar Technologists Association of India (STAI) has urged the government to

revise the minimum support price from Rs.3100/q to Rs.3600/q

the financial crisis by paying the cane arrears to sugarcane farmers. Also The National Federation of

Cooperative Sugar Millers and the Maharashtra Federation

seeking a hike in MSP of sugar.

• (22nd April 2019)This year’s recovery rate up by 0.05% at 11.05% against last year recovery rate

of 11%. This year the cooperative mills witnessed a hike in the recovery rate at 11.14%

private mills registered at 10.80% this sugar season.

• (18th April 2019) Till Tuesday, of the 195 mills that have taken crushing in the season, only 27

mills are functional and at least three are expected to continue the season till May. The state h

reported crushing of 949.01 lakh tonne cane and produced 106.71 lakh tonne of sugar in SS 2018

19 against 107 lakh tonne sugar, an all

• (17th April 2019) SME mills constitute one

of SS 2018. Small and medium sugar mills might see an improvement in profitability because of

the hike in MSP raised by the government in February and it is expected to have lower production

in SS 2020, which will push up prices by the

Prices

State/ District Market

Maharashtra Kolhapur

Uttar Pradesh Khatauli


Delhi Delhi


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

domestic) international prices. Between October 1, 2018 and April 6, 2019,


supply continuing to far exceed demand, India is likely to open the new sugar year 2019

10 MMT according to ISMA.

Of the 5 mln tn export target set by the government for 2018

mills have shipped out 2.2 mln tn of the sweetener until the start of April, and is likely to export

3.5 mln tn this season ending September.

Sugar production has already touched 31.2 mln tn, and it could come close to

the last year's record of 32.5 mln tn as some mills in Maharashtra and U.P are still crushing cane.

Pakistan exports 1.5 Lakh Tonnes of sugar to China under the Chinese duty

incentive package of $ 1 billion. As of last month Pakistan bagged the opportunity to export 3 lakh


xtended a duty free package for export of rice, sugar and 3.5 lakh tonnes of cotton

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

Despite the central government’s announcement of a soft loan package of `3,000 crore for


The Sugar Technologists Association of India (STAI) has urged the government to

ise the minimum support price from Rs.3100/q to Rs.3600/q so that the sugar millers can overcome


Cooperative Sugar Millers and the Maharashtra Federation of Cooperative Sugar Millers have been

seeking a hike in MSP of sugar.

This year’s recovery rate up by 0.05% at 11.05% against last year recovery rate

This year the cooperative mills witnessed a hike in the recovery rate at 11.14%

private mills registered at 10.80% this sugar season.

Till Tuesday, of the 195 mills that have taken crushing in the season, only 27

mills are functional and at least three are expected to continue the season till May. The state h

reported crushing of 949.01 lakh tonne cane and produced 106.71 lakh tonne of sugar in SS 2018

19 against 107 lakh tonne sugar, an all-time high production figure last year.

SME mills constitute one-third of the Rs.102,500 crore sugar



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

Sugar (M grade)

Market

Modal Price (Rs /Qtl)

Change14 May-19 13 May-19

Kolhapur 3120 3125

Khatauli 3430 3430

Vijayawada 3680 3580

Delhi 3300 3300


15th May, 2019

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

nd April 6, 2019, India exported only


supply continuing to far exceed demand, India is likely to open the new sugar year 2019-20 with a

Of the 5 mln tn export target set by the government for 2018-19, Indian sugar

of the sweetener until the start of April, and is likely to export

and it could come close to

as some mills in Maharashtra and U.P are still crushing cane.

f sugar to China under the Chinese duty-free

As of last month Pakistan bagged the opportunity to export 3 lakh


xtended a duty free package for export of rice, sugar and 3.5 lakh tonnes of cotton

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

oft loan package of `3,000 crore for


The Sugar Technologists Association of India (STAI) has urged the government to

so that the sugar millers can overcome


of Cooperative Sugar Millers have been

This year’s recovery rate up by 0.05% at 11.05% against last year recovery rate

This year the cooperative mills witnessed a hike in the recovery rate at 11.14% whereas

Till Tuesday, of the 195 mills that have taken crushing in the season, only 27

mills are functional and at least three are expected to continue the season till May. The state has

reported crushing of 949.01 lakh tonne cane and produced 106.71 lakh tonne of sugar in SS 2018-

time high production figure last year.

third of the Rs.102,500 crore sugar market in India, as



Change Source

-5 AW

unch AW

+100 AW

unch AW

Cotton Today’s Developments:

• Cotton prices expected to trade higher side

year and due to exports demand from International markets

demand and procurement

• 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 arrival of 278.73 lakh bales upto 30th April 2019, imports of

7.27 lakh bales upto 30th April 2019

October 2018 at 28 lakh bale

Recent Developments that are still Influencing Market

• (9th May 2019)India's 2018/19 cotton imports are likely to double from a year ago to a record

3.1 million bales as the drop in production to the lowest level in nine years. The cotton crop

estimate for the season is reduced by 600,000 bales to 31.5 million bales in CAI's latest report

whereas exports are likely to reduce to 4.7 million bales.

• (8th May 2019) The USDA h

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 under c

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

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 las

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 regula

• (29th Apr 2019)Maharashtra Commission for Agricultural Costs & Prices are expecting to raise

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 to 381kg/ha

from 451 kg in the previous year.


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

and due to exports demand from International markets. Moreover, raising domestic

ent by CCI also support prices.

From October 2018 to April 2019 the total cotton supply estimated by CAI is 314 lakh bales of

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

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

October 2018 at 28 lakh bales.

Recent Developments that are still Influencing Market

India's 2018/19 cotton imports are likely to double from a year ago to a record

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.

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


ted to the cotton production estimates issued by the USDA.

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


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 c

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


Stock held by mills as of end-March is 4.6 million bales

multinational companies, 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


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

Maharashtra Commission for Agricultural Costs & Prices are expecting to raise

the minimum support price of cotton by 10 % and in the same lines CCI also told that there is a

least 10% increase in MSP for cotton in the coming kharif season.

The largest producer among the southern states, Telangana’s total cotton

output is seen falling 19% on year to 4.1 mln bales in 2018-19 season due to sharp fall in yields

by moisture deficiency after scanty rains. The cotton yield expected to decline to 381kg/ha

from 451 kg in the previous year.


15th May, 2019

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

. Moreover, raising domestic

From October 2018 to April 2019 the total cotton supply estimated by CAI is 314 lakh bales of

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

and the opening stock at the beginning of season on 1st

India's 2018/19 cotton imports are likely to double from a year ago to a record

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


ted to the cotton production estimates issued by the USDA.

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


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


4.6 million bales 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

t year’s above 50 lakh bales.

term strategy. Indian physical


r pace and also some profit booking of investors.

Maharashtra Commission for Agricultural Costs & Prices are expecting to raise

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

least 10% increase in MSP for cotton in the coming kharif season.

The largest producer among the southern states, Telangana’s total cotton

due to sharp fall in yields

by moisture deficiency after scanty rains. The cotton yield expected to decline to 381kg/ha

• (24thApr 2019)This kharif season, farmers are planning to migrate to other competing crops

like maize and soybean

rainfall and their distribution pattern would set the trend for kharif sowing this season.

• (23rdApr 2019) All India daily cotton arrivals are reported to be about

according to CAI during last week

bales due to low availability in India.

• (22ndApr 2019) All India daily cotton arrivals are reported to be about 75’000 bales according

to CAI. Active import business continued for We

market for U.S. cotton

were major buyers.

• (18th Apr 2019) According to CAI, the balance sheet projects total cotton supply of 37.60

million bales, a domestic consumption of 31.60 million bales, exports of 4.70 m

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

Good availability of canal water and better prices of seed cotton in the current season against

competing crops will likely favor cotton sowin

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

kg each) in the 2018-19 season,

estimates released Monday by Confederation of Ind

textile industry body based the projections on actual data collected from cotton

for the October-September 2018 crop season.

• (16th Apr 2019) India expect to see a year

produce some 12.5 million bales, or a 5% jump. Pakistan’s crop is expected to increase some

6.7% regarding global production for 2019.

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

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

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

Prices & Arrivals



14-May

Gujarat Rajkot 6105

Andhra Pradesh Adoni 5869

Andhra Pradesh Guntur NA

Andhra Pradesh YEMMIGANUR NA


This kharif season, farmers are planning to migrate to other competing crops

like maize and soybean due to higher realization in these crops in the last few months.But,


All India daily cotton arrivals are reported to be about

during last week.Cotton imports is on full hype and booked nearly 19 lakh

bales due to low availability in India.

All India daily cotton arrivals are reported to be about 75’000 bales according

Active import business continued for West African & US origins.

which support prices to remain high and China, Vietnam and Turkey

According to CAI, the balance sheet projects total cotton supply of 37.60

a domestic consumption of 31.60 million bales, exports of 4.70 m

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


competing crops will likely favor cotton sowing in North India.

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

19 season, mainly due to drought in many cotton

estimates released Monday by Confederation of Indian Textile Industry (CITI). The domestic

textile industry body based the projections on actual data collected from cotton

September 2018 crop season.

(16th Apr 2019) India expect to see a year-over-year increase of 7%,


6.7% regarding global production for 2019.

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

20, at 527,700 bales. This included current year sales of 289,000 bales of


Cotton


Change

Arrivals (Qtl)

May-19 13-May-19 14-May-19 13

6105 6140 -35 610

5869 5879 -10 1985

NA NA - NA

NA NA - NA


15th May, 2019

This kharif season, farmers are planning to migrate to other competing crops

alization in these crops in the last few months.But,


All India daily cotton arrivals are reported to be about 55,000 to 70,000 bales

Cotton imports is on full hype and booked nearly 19 lakh

All India daily cotton arrivals are reported to be about 75’000 bales according

st African & US origins. India remains in the

which support prices to remain high and China, Vietnam and Turkey

According to CAI, the balance sheet projects total cotton supply of 37.60

a domestic consumption of 31.60 million bales, exports of 4.70 million bales and a

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


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

mainly due to drought in many cotton-growing regions, as per

ian Textile Industry (CITI). The domestic

textile industry body based the projections on actual data collected from cotton-growing areas

year increase of 7%, Brazil too is looking to


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

This included current year sales of 289,000 bales of


Change Source 13-May-19

450 +160 APMC

2081 -96 NAM

NA - NAM

NA - NAM

Palm Oil


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

oil exports rose 6.4 percent to 559,545 tons compared to 525,986

last month. Top buyers were Europ

(355,015 tons), United States at 54,510 tons (23,316 tons), China at 33,760 tons (60,800 tons)

and Pakistan at 0 tons (8,000 tons) and. Values in brackets are figures of corresponding period

last month.


• (6 May 2019)-Palm oil prices are expected to be underpinned by expectation of slow fall in end

stocks of palm oil in Malaysia, slow fall in production of palm oil in Malaysia and slow rise in

exports of palm oil from Malaysia. However, depreciation of Ringgit and rise in crude oil prices

will limit losses. Palm oil end stocks in Malaysia is expected to fall slowly in April due to slow rise

in exports of palm oil from Malaysia in April and rise

April. Palm oil production is expected to rise in Malaysia in April as continued elevated

production will continue in April in Malaysia. However, production is expected to fall in

Indonesia due to lean production s

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 April due to firm demand from India and China. However, rise was limited. Palm oil

exports to India rose due to lower import duty differential between CPO and RBD palmolein

especially from Malaysia, positive refining margins and demand at lower level

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 b

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 high stocks and low prices. Lower prices are

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

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)- Indonesia kept May crude palm oil export duty unchanged at zero. The

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.

• (16 Apr 2019)-Crude Palm oil import scenario

(SEA), CPO Imports fell 19.8 percent y


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

oil exports rose 6.4 percent to 559,545 tons compared to 525,986 tons in corresponding period

last month. Top buyers were European Union 163,310 tons (110,335 tons), India at 154,120 tons




Palm oil prices are expected to be underpinned by expectation of slow fall in end




in exports of palm oil from Malaysia in April and rise in production of palm oil in Malaysia in



Indonesia due to lean production season. Palm oil production will rise to 20 MMT in Malaysia in



ia in April due to firm demand from India and China. However, rise was limited. Palm oil


especially from Malaysia, positive refining margins and demand at lower level



higher imports of palm oil. Ringgit has depreciated below 4.10/USD leading to higher demand of


support palm oil prices.

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

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


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


biodiesel output to recede increasing high palm oil stocks.

Indonesia kept May crude palm oil export duty unchanged at zero. The


has kept crude palm oil export duty at zero since May 2017.

Crude Palm oil import scenario- According to Solvent Extractors Associati

(SEA), CPO Imports fell 19.8 percent y-o-y in Mar to 4.75 lakh tons from 5.92 lakh tons in Mar


15th May, 2019

According to cargo surveyor Societe Generale de Surveillance (SGS), Malaysia’s May 1-10 palm

tons in corresponding period

ean Union 163,310 tons (110,335 tons), India at 154,120 tons



Palm oil prices are expected to be underpinned by expectation of slow fall in end




in production of palm oil in Malaysia in



eason. Palm oil production will rise to 20 MMT in Malaysia in



ia in April due to firm demand from India and China. However, rise was limited. Palm oil


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



elow 4.10/USD leading to higher demand of


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

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


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


Indonesia kept May crude palm oil export duty unchanged at zero. The reference


According to Solvent Extractors Association

y in Mar to 4.75 lakh tons from 5.92 lakh tons in Mar

2019. Imports in oil year 2018

y-o-y at 28.56 lakh tons compared to 29.79 lakh tons in last oil y

corresponding period last oil year.

• (16 Apr 2019)-RBD palmolein import scenario

percent to 3.13 lakh tons from 1.63 lakh tons in Mar 2018. Imports in oil year 2018

(November 2019-March 2019) were reported higher by 24.64 perecent y

compared to 7.71 lakh tons in corresponding period last oil year.

• (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 15.45 lakh tons in Feb 2019.

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

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

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

prodcution. Fall in end stocks was primarily due

• (3 Apr 2019)-According to Indonesia Palm Oil Association (GAPKI), exports of palm oil (CPO and

PKO) from Indonesia rose 16.7 percent in Feb y

Exports of palm oil (CPO and PKO) were fell 10.6 m

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

17 percent m-o-m.

Prices:

Palm Oil Prices (In Rs./ 10 Kg)


Crude Palm Oil (FFA 5%)

Gujarat Kandla

Andhra Pradesh Krishnapatnam

RBD Palmolein

Gujarat Kandla

Andhra Pradesh Kakinada


Palm Oil at MCX

Contract Open

30-Jun-19 519.20

31-Jul-19 523.50

31-Aug-19 526.00

As on 14-May-2019 at 9 pm


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

y at 28.56 lakh tons compared to 29.79 lakh tons in last oil year, lower by 4.13 percent in the

corresponding period last oil year.

RBD palmolein import scenario- RBD palmolein imports rose y

percent to 3.13 lakh tons from 1.63 lakh tons in Mar 2018. Imports in oil year 2018

March 2019) were reported higher by 24.64 perecent y

compared to 7.71 lakh tons in corresponding period last oil year.

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

t to 29.17 lakh tons compared to 30.59 lakh tons in February 2019. Production of


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



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 14 May 2019 13 May 2019 Change

Kandla 521 517

Krishnapatnam 490 490

Kandla 590 585

Kakinada 590 585



High Low Close Change

526.00 519.20 525.60 6.4

527.90 532.10 526.40 5.9

526.00 526.00 526.00 2

2019 at 9 pm


15th May, 2019

March 2019) were reported marginally lower

ear, lower by 4.13 percent in the

RBD palmolein imports rose y-o-y in Mar by 92

percent to 3.13 lakh tons from 1.63 lakh tons in Mar 2018. Imports in oil year 2018-19

March 2019) were reported higher by 24.64 perecent y-o-y at 9.61 lakh tons

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

t to 29.17 lakh tons compared to 30.59 lakh tons in February 2019. Production of


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



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

y to 2.77 MMT from 2.37 MMT in Feb 2018.

m in Feb at 2.77 MMT compared to Jan


Change Source

4 Agriwatch

Unch Agriwatch

5 Agriwatch

5 Agriwatch

2 Agriwatch


Volume

(Lots) O. Int

1134 2332

53 161

48 161

2019 at 9 pm Rs/Quintal

Sunflower oil


• No Significant Development


• (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.

• (16 Apr 2019)-Sunflower oil imports scenar

(SEA),Sunflower oil imports rose 41.9 percent y

in Mar 2018. Imports in oil year 2018

7.42 percent y-o-y at 11.00 lakh tons compared to 10.24 lakh tons in last oil year.

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

from $40 per ton last week and premium in domestic markets ha

unchanged from last week.

to Rs 135 per 10 kg Rs 150

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

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. Sunflo

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 ra

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

flat imports indicating destocking at ports will increase import demand.

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

sunflower oil is expected in coming weeks.

Prices:

Sunflower Oil Prices (In Rs./ 10 Kg)


Tamil Nadu Chennai


Andhra Pradesh Kakinada


No Significant Development.


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 palm

to Rs 160 per 10 kg Rs 135 per 10 kg last week. Prices of sunflower oil are estimated to trade


Sunflower oil imports scenario- According to Solvent Extractors Association

(SEA),Sunflower oil imports rose 41.9 percent y-o-y in Mar to 2.98 lakh tons from 2.11 lakh tons

in Mar 2018. Imports in oil year 2018-19 (November 2018-March 2019) were reported higher by

at 11.00 lakh tons compared to 10.24 lakh tons in last oil year.

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

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 u

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

indicating destocking at ports will increase import demand.

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 14May 2019 13 May 2019 Change

Chennai 755 745


Kakinada 750 750



15th May, 2019

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


According to Solvent Extractors Association

y in Mar to 2.98 lakh tons from 2.11 lakh tons

March 2019) were reported higher by

at 11.00 lakh tons compared to 10.24 lakh tons in last oil year.

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,


wer oil consumption have been raised to


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

te. 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

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

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

Change Source

10 Agriwatch

Unch Agriwatch

Unch Agriwatch


Groundnut oil

Today’s Developments

• In Andhra Pradesh groundnut oil prices are

demand season has arrived when high pickle and other value

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

retailers demand. Less availability of


• (19 Apr2019)-Groundnut oil prices are supported by firm demand. Retail demand improved due

to stability in groundnut oil prices. Prices of groundnut oil w

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

• (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

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

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

falling due to weak demand against good stock position and pressure on prices due to harvest of

groundnut.

• (12 Mar2019)-Groundnut oil prices increased on improved demand. However, Groundnut oil

prices will remain under pressure further due to high stocks of ground

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


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

demand season has arrived when high pickle and other value-added products demand

Prices are almost high in all the key states of India followed by good

Less availability of groundnut seeds is supporting prices to rise.


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

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



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

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


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



due to weak demand against good stock position and pressure on prices due to harvest of

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

prices will remain under pressure further due to high stocks of ground



by fall in prices of palm oil.

undnut Oil Prices (In Rs./ 10Kg)

Market 14 May 2019 13 May 2019 Change

1030 1030 Unch

Hyderabad 1050 1040

Chennai 1090 1050

*Difference between current and p


15th May, 2019

due to firm demand as

added products demand

Prices are almost high in all the key states of India followed by good miller’sand

is supporting prices to rise.

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

ill be capped as peak demand



on prices due to harvest of groundnut.

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


peak demand season is over. Higher unloading of stocks of



due to weak demand against good stock position and pressure on prices due to harvest of

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

prices will remain under pressure further due to high stocks of groundnut with NAFED.Also,



Change Source

Unch Agriwatch

10 Agriwatch

40 Agriwatch


Rice


• An important agricultural productive state of South India Andhra Pradesh, the target of

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

kharif season. It has set target of 84.59 lakh tons of paddy, 5.35 lakh tons of maize, 2.37 lakh

tons of arhar (tuvar) and total 95.86 lakh tons of food

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

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

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

Recent Developments that are still influencingthe Markets:

• (10 May 2019)Under the FCI OMSS scheme, on Ma

at a price of Rs 2,785 per quintal.

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

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

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

Rice and Wheat flour for 2019

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

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

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

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

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

seeds Reduced.

• (06 May 2019)All-India progressive procurement of Rice as on 03.05.2019 for 2018

374.51 lakh tons against the pro

year. According to available data, in the current kharif marketing season, Punjab has procured

113.34 lakh tones rice, 39.09 lakh tons in Haryana, 40.80 lakh tons in Chhattisgarh, 36.14 lakh

tons in Telangana, 32.33 lakh tons in Uttar Pradesh 34.48 lakh tons in Orissa, 32.25 lakh tons in

Andhra Pradesh, 13.95 lakh tons in Madhya Pradesh, 16.54 lakh tons in West Bengal, 4.62 lakh

tons in Uttrakhand, 11.48 lakh tons in Tamil Nadu, 4.25 lakh tons in

tons in Bihar.

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

the Andhra Pradesh / coastal region.

• (06 May 2019)Since the arrival of paddy in the mandis is negligible, the rice spot

increased by 16% in April.

to 67.11 lakh tonnes which was 77.66 lakh tonnes from April to February last year. However

Exports of basmati rice increased by 6.5% to 38.55 lakh tonnes.

to last year, exports were down by 7.2% to 105 lakh tonnes.

• (06 May 2019)Despite the decline in exports compared to last year, due to the normalization of

production and the ample availability of rice in the central pool, due

paddy arrival, market has started accelerating.

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

International for one year

• (30 Apr 2019) India’s rice stocks in the central pool as on April

tons up by 32.52% from 30.04 million tons recorded during the corresponding period last year,

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

are down by 0.69% by from 40.09 million tons recorded on Feb


An important agricultural productive state of South India Andhra Pradesh, the target of


set target of 84.59 lakh tons of paddy, 5.35 lakh tons of maize, 2.37 lakh

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

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


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

Recent Developments that are still influencingthe Markets:

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

at a price of Rs 2,785 per quintal.

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

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

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

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

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

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

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

to the subsidy given on the old paddy seed and to give


India progressive procurement of Rice as on 03.05.2019 for 2018

374.51 lakh tons against the procurement of 300 lakh tons in the corresponding period of last



s in Telangana, 32.33 lakh tons in Uttar Pradesh 34.48 lakh tons in Orissa, 32.25 lakh tons in


tons in Uttrakhand, 11.48 lakh tons in Tamil Nadu, 4.25 lakh tons in Maharashtra and 9.28 lakh

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

the Andhra Pradesh / coastal region.

Since the arrival of paddy in the mandis is negligible, the rice spot

increased by 16% in April. Exports of non-basmati rice decreased 13.6% compared to last year


Exports of basmati rice increased by 6.5% to 38.55 lakh tonnes. Overall rice exports, compared

to last year, exports were down by 7.2% to 105 lakh tonnes.

Despite the decline in exports compared to last year, due to the normalization of

production and the ample availability of rice in the central pool, due

paddy arrival, market has started accelerating.

Ivory Coast banned rice imports from Singapore-based commodity trader Olam

International for one year after destroying an 18,000-tonne shipment of spoilt.

dia’s rice stocks in the central pool as on April- 1, 2019 stood at 39.81 million

from 30.04 million tons recorded during the corresponding period last year,

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

are down by 0.69% by from 40.09 million tons recorded on Feb-01, 2019. Highest stock could be


15th May, 2019

An important agricultural productive state of South India Andhra Pradesh, the target of


set target of 84.59 lakh tons of paddy, 5.35 lakh tons of maize, 2.37 lakh

grains production. The Andhra Pradesh

Agriculture Ministry has increased the production estimation of paddy in the next season.


y 8, Mizoram sold 1,500 metric tonnes of rice

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

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

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

20 is 89.45 thousand tonnes and 78.61 thousand tonnes

and 78.28% respectively

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

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

and to give the incentive of 1000


India progressive procurement of Rice as on 03.05.2019 for 2018-19 was at

curement of 300 lakh tons in the corresponding period of last



s in Telangana, 32.33 lakh tons in Uttar Pradesh 34.48 lakh tons in Orissa, 32.25 lakh tons in


Maharashtra and 9.28 lakh

'Fani' storm was slow in

Since the arrival of paddy in the mandis is negligible, the rice spot market

basmati rice decreased 13.6% compared to last year


Overall rice exports, compared

Despite the decline in exports compared to last year, due to the normalization of

production and the ample availability of rice in the central pool, due to the decrease in the

based commodity trader Olam

tonne shipment of spoilt.

1, 2019 stood at 39.81 million

from 30.04 million tons recorded during the corresponding period last year,

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

01, 2019. Highest stock could be

seen in the state of Punjab (108.94 lakh tons) followed by A.P (26.37 lakh tons) Uttar Pradesh

(25.89 Lakh Tons) and Haryana (24.04 lakh tons)

• (29 Apr 2019)Uncertainty looms over basmati, tea exports after Iran sanctions:

looms over tea and basmati rice exports from India as the US intends to fully clamp down on

Iran oil exports, say companies and trade association. Industry is conc

importer of crude oil from Iran and any sanction on Iran can impact trade of other commodities

India export. India annually exports 30 million kg of tea and one million tonnes of basmati rice to

Iran. Iranian demand for orthodox India

season that kicks off in April. Similarly, basmati trading companies were sending shiploads of

rice since December and were expecting a peak season till June.

• (23 Apr 2019)Asian rice exporting hubs saw t

from top exporter India dipping on lower demand, while Bangladesh mulled a review of its ban

on exports of the grain. India’s 5 percent broken parboiled variety was q

$380 per ton, down from last week’s $387

have ample inventories. Aggressive selling of old inventories by China at lower prices has also

weighing on prices.India’s rice exports for April

earlier to 10.57 million tons, as leading buyer Bangladesh trimmed its purchases due to a

bumper local harvest.

• (22 Apr 2019)A group of Indian scientists has developed a new salt

rice plant by over-expressing a

commonly used IR 64 indica rice variety. Porteresia coarctata is a native of India, Sri

Lanka, Bangladesh and Myanmar and is grown mainly in saline estuaries.

• (18 Apr 2019)Rice export prices in top exporter India edged l

demand, while fears of a drought this year supported up domestic buying in Thailand. India’s 5

percent broken parboiled variety was quoted around $387

last week’s $390-$393. Demand is very po

has limited scope to cut prices. A strong rupee dents exporters’ returns from overseas sales.

Prices & Arrivals


CHHATTISGARH BALOD

CHHATTISGARH BHATAPARA

CHHATTISGARH RAJIM

TELANGANA BADEPALLY

TELANGANA MAHBUBNAGAR

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company daccuracy, completeness and correctness. Use of data and infbe 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, diemployees may have positions in any commodities mentioned in this docdispose of any such commodities (or investment). Please see the detailed disclaimer at © 2019 Indian Agribusiness Systems Ltd



(25.89 Lakh Tons) and Haryana (24.04 lakh tons).

Uncertainty looms over basmati, tea exports after Iran sanctions:


Iran oil exports, say companies and trade association. Industry is conc



Iran. Iranian demand for orthodox Indian teas was very strong from the beginning of the new


rice since December and were expecting a peak season till June.

Asian rice exporting hubs saw tepid activity this week, with prices for the staple

India dipping on lower demand, while Bangladesh mulled a review of its ban

on exports of the grain. India’s 5 percent broken parboiled variety was q

rom last week’s $387-$390. Demand from African buyers was weak as they


India’s rice exports for April-February dropped 9.4 percent from a yea


A group of Indian scientists has developed a new salt

expressing a gene from a wild rice called Porteresia coarctata into the



Rice export prices in top exporter India edged lower this week due to sluggish


percent broken parboiled variety was quoted around $387-$390 per ton this week, down from

$393. Demand is very poor at current price level. The appreciation in the rupee


Rice

Modal Price (Rs

/Qtl) Change

Arrivals (Qtl)

13-

May-19

11-

May-19

13-

May-19 May

1800 1755 45 22

1760 1725 35 12

1750 1745 5 18

1800 1800 0 22

MAHBUBNAGAR 1900 1975 -75 25

Disclaimer

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company daccuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This document is not, and should not be construed as, an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or

recipient hereof for any purpose without prior permission from the Company. IASL and its affiliates and/or their officers, diemployees 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


15th May, 2019


Uncertainty looms over basmati, tea exports after Iran sanctions:Uncertainty


Iran oil exports, say companies and trade association. Industry is concerned as India is an



n teas was very strong from the beginning of the new


epid activity this week, with prices for the staple

India dipping on lower demand, while Bangladesh mulled a review of its ban

on exports of the grain. India’s 5 percent broken parboiled variety was quoted around $377-

$390. Demand from African buyers was weak as they


February dropped 9.4 percent from a year


A group of Indian scientists has developed a new salt-tolerant transgenic

alled Porteresia coarctata into the



ower this week due to sluggish


$390 per ton this week, down from

or at current price level. The appreciation in the rupee


Arrivals (Qtl)

Change Source 11-

May-19

18 4 E-nam

22 -10 Agriwatch

20 -2 Agriwatch

18 4 NAM

12 13

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

be construed as, an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in recipient hereof for any purpose without prior permission from the Company. IASL and its affiliates and/or their officers, directors and

ument (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.



15th May, 2019

AP Daily Commodities Outlook Report 2019-05-15 · 2019. 5. 15. · Daily chana cash market in...

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