Pulses · 2019. 11. 7. · Daily Price Monitoring Report 7th Nov, 2019 27/09/2017 Pulses Today’s...

Daily Price Monitoring Report 7th Nov, 2019

27/09/2017

Pulses Today’s developments:

(No new developments today)

Recent Developments that are still Influencing Markets:

(06th Nov 2019) Against normal expectation DGFT has extended time line only for 15days for tur importers. Now tur importers can import till 15th Nov-2019.With this notification slight pressure on tur market was seen and it decreased slightly. However, price would move up again and it would not affect long term price outlook. In this shot period fresh import is impossible. However, tur imported after 31st Oct and is at ports would be released. Besides, there is no extension for urad and moong import. It’s a good decision. Govt.’s stand is right step to stop import at the time of new crop arrivals. It would help market to move up again. Tur market traded down with relaxation of 15 days for import deadline. Urad market too declined as buyers stopped buying at higher level while chana market traded steady amid normal supply-demand side.

(04th Nov-2019) Procurement started in many states. However, volume of FAQ arrival is lower than expectation. Private mills are active and it is supporting moong price at current level. As arrival is lower and import quantity remains restricted due to quota restriction, moong may trade steady to slightly firm in the near term.

(31st Oct-2019) Cabinet Committee meeting regarding decision over pulses import quantity and extension of timeline for import was postponed yesterday due to some technical reason. The new date would be announced soon. In this meeting import quantity of urad was increased from1.5 to 2.5 lakh MT while import timeline had to be extended from 31st Oct to 30 Nov-2019.

(31st Oct-2019) Continuous rains in Akola region have started affecting tur crop. Besides Akola, some other parts of Maharashtra is receiving unseasonal rains and farmers are worried for their standing crops, almost approaching at maturity stage. Recent rains have delayed chana sowing at least by two weeks. Under prevailing condition chana and tur crop may get support in cash market. Tur price have moved up by Rs100 in Maharashtra. There is no good news from AP and Tamil Nadu. If heavy rains occur in these states, loss for tur crop would increase while chana sowing would be delayed for 15days. In Sholapur market tur moved up to Rs 5600-5650.In Gulberga market tur is being traded at Rs5500-5600.Myanmar is offering tur at Rs 4805($645 per MT).Old crop is being offered at Rs 4483($600 per MT).

(28th Oct-2019) Myanmar offers Urad FAQ at $700 and SQ at $800 per MT. It has moved up by $30 in last few days. In INR term it comes to Rs 5198 & Rs 5914 per MT. New lemon tur is being offered at $645 and old at $600 per MT. Moong Padi Shweva was quoted at $975 per MT while Pakaku was offered at $830 per MT Anya Shweva was offered at $840 per MT. Chana kabuli was offered at $650per MT.

(25th Oct-2019) Govt. declares MSP for Rabi crops. It has increased chana MSP by Rs 205 to Rs 4825 per qtl for new crop to be marketed in MY 2020-21.It was Rs 4620 for MY 2019-20.In case of Masur MSP for the new season has been increased by Rs325 to Rs 4800.It has been increased by Rs 85 for wheat to Rs 1925 per qtl. Mustard MSP has been increased by Rs 200 to Rs 4400. Sunflower MSP has been increased by Rs270 to Rs5245 per qtl. It may help market to recover further.


27/09/2017

Price & Arrival: Urad

State/District Market

Modal Price (Rs/Qtl)

Change

Arrivals (Qtl) Chang

e Source

06 Nov 2019

05 Nov 2019

06 Nov 2019

05 Nov 2019

Andhra Pradesh Guntur(Gota Branded)

12800 13000 -200 Close

d Close

d - Agriwatch

Andhra Pradesh Vijaywada 9700 9900 -200 600 200 400 Agriwatch

Tamil Nadu Villupuram 8000 7499 501 4 1 - Agmarkne

t

Tamil Nadu Chennai 8750 9050 -300 NA NA - Agriwatch

Tur



Change


e Source

06 Nov 2019

05 Nov 2019

06 Nov 2019

05 Nov 2019

Andhra Pradesh Yemmiganu

r NA NA - NA NA - eNAM

Andhra Pradesh Kurnool NA NA - NA NA - eNAM

Maharashtra Akola 5900 5600 300 220 224 -4 eNAM

Andhra Pradesh Vijayawada 5300 5500 -200 NA NA - Agriwatch

Moong



Change


e Source

06 Nov 2019

05 Nov 2019

06 Nov 2019

05 Nov 2019

Rajasthan Jodhpur 6351 5800 551 171 268 -97 eNAM

Karnataka Gulbarga 6700 6785 -85 1200 5420 -4220 Agmarkne

t

Madhya Pradesh

Harda NA NA - NA NA - Agmarkne

t

Andhra Pradesh Vijayawada 6800 7000 -200 100 200 -100 Agriwatch

Chana



Change


e Source

06 Nov 2019

05 Nov 2019

06 Nov 2019

05 Nov 2019


27/09/2017

Andhra Pradesh Kurnool 3510 3710 -200 2 18 -16 eNAM

Andhra Pradesh Yemmiganu

r NA NA - NA NA - eNAM

Madhya Pradesh

Indore 4450 4500 -50 2300 2500 -200 Agriwatch

Rajasthan Bikaner NA 4325 - NA 12 - eNAM

Chana at NCDEX

Contract Open High Low Close Change Volume O.Int

19-Nov 4506 4520 4462 4490 -16 11280 23560

19-Dec 4525 4540 4493 4523 -2 16750 46410

20-Jan 0 0 0 0 0 0 0

As on 06th Nov -2019 at 5 pm Rs/Quintal


27/09/2017

Groundnut Recent updates:

As per IMD, Heavy to very heavy rainfall/Snow very likely at isolated places over Jammu & Kashmir; Heavy rainfall/Snow at isolated places over Himachal Pradesh and Heavy rainfall at isolated places over Punjab and Gujarat state. Farmers are expecting 40 to 50% damages of groundnut crop if heavy rainfall starts again.

NAFED has commenced procurement of Kharif groundnut of K-19 in Gujarat state from 1st November 2019. So far, it has procured 493.47 MT at MSP rate Rs. 5090 per quintal from 240 farmers of Gujarat states.

Developments that are still Influencing Markets: NAFED sale of K-18 groundnut is over and total progressive sale in 2018-19 is 5.74 lakh and

balance quantity after sale is 1.40 lakh tons. Total stocks of groundnut of 2017-18 season with NAFED is 0.16 lakh tons and sold total 10.29 lakh tons so far. Therefore, total stock in NAFED is 1.56 lakh tons at the end of sale of groundnut in the state.

According to IOPEPC (The Indian Oilseeds and Produce Export Promotion Councils) survey report, India is likely to harvest groundnut crop at 68.60 lakh tons during Kharif 2019 higher against 51.96 lakh tons in previous year. It expects higher groundnut’s yields at 1745 Kg/Ha compared to 1336 Kg/Ha for this season.

Groundnut seed and oil exports is expected to be high in this season as China is encouraging imports of groundnut oil instead of soybean oil. Relatively, Indian government has approved to bulk export of groundnut oil. Bumper groundnut crop expectation in India and lower crop prospectus in Africa will support Indian exporters to ship higher volume this year.

The state government in Andhra Pradesh may give compensation to those farmers who have suffered groundnut crop losses. So far, 63,000 farmers have been identified and Rs 75 crore has been paid to them. Rest farmers who are suffering crop loss, may get compensation at the month end or in November 2019.

As per SOMA (Saurashtra Oil Mills Association), Farmers in Gujarat are likely to produce 30.19 lakh tonnes for the current season lower against 32 lakh tonnes in First Advanced estimates of government. However, it is significantly higher from 15 lakh tonnes in previous year record. Ample rainfall of this season helped the groundnut crop mainly in districts of Junagadh, Rajkot, Gir Somnath and Dev Bhumi Dwarka. Farmers have started to harvest their crops in a full speed now.

As per recent report of SEA, Groundnut crop for Kharif season is projected at 51 lakh tonnes for

this season in India which is 36.54% higher than 37.35 lakh tonne in previous year. The crop area

in Gujarat state is estimated at 15.52 lakh tonnes higher against 14.68 lakh hac. in 2018-19.

Total yield of the state is forecasted higher by 90.78% to 2070 kg. per hectare from 1085 kg. per

hectares in last year due to good rainfall of this season. Farmers in Gujarat may harvest total

32.15 lakh tonnes in 2019/20 which is just double against previous year record.

As per SEA of India latest report, the exports of Groundnut meal in September 2019 is reported at 101 MT, and total 586 MT from April -September, 2019 had been exported which is lower than 5737 MT from April-September 2018.

As per 1st advanced estimates of ministry report, Kharif groundnut crop size during 2019-20 may stand higher at 63.11 lakh tonnes against 53.63 lakh tons from its 4th advanced estimates on account of good rainfall at maturity time. However, it is reported lower from 75.95


27/09/2017

lakh tonnes in 2017-18. Good rainfall at maturity stage may improve groundnut crop yield of this season.

As per recent released data by GOI, total groundnut kharif sowing area all over the country is reported at 39.40 lakh ha. as on 4h Oct 2019 slightly lower by 1.09 lakh ha. from 40.49 lakh ha. in previous year. Farmers have sown 5.38 lakh ha. in Andhra Pradesh lower against 6.65 lakh ha. previous year, 15.52 lakh ha. in Gujarat higher against 14.68 lakh ha. previous year, 3.89 lakh ha. in Karnataka lower against 4.11 lakh ha. previous year, 1.93 lakh ha. in Tamilnadu against 1.70 lakh ha. previous year, 1.12 lakh ha. in Uttar Pradesh higher against 1.09 lakh ha. in previous year, 2.22 lakh ha. in Madhya Pradesh lower against 2.35 lakh ha. in previous year, 1.90 lakh ha. in Maharashtra lower against 1.96 lakh ha. previous year, 5.74 lakh ha in Rajasthan lower against 6.07 lakh ha, 0.05 lakh ha. in other parts of India higher against 0.01 lakh ha. Lower sowing area reported in few states compared to the previous year record due to declined monsoon activity in June month.

As per Apeda report, India has exported total 154012 MT of groundnut with the value of Rs. 1220 crore during April to August (2019-2020) which is lower from 201193 MT of groundnut with the value of Rs. 1307 crore during April to August (2018-2019).

Price & Arrival:

Groundnut

State/District

Market Variety


Change

Arrivals (Qtl)

Change

Source 05-

Nov-19

05-Nov-

19

05-Nov-

19

05-Nov-

19

Andhra Pradesh

Adoni 4790 4487 303 1150 1416 -266 NAM

Kadapa Local NA NA NA NA NA NA NAM

Kurnool 4829 4829 Unch 532 921 -389 NAM

Yemmiganur 4509 4890 -381 284 1333 -1049 NAM

Gujarat Rajkot NA NA NA NA NA NA NAM

Telangana

NagarKurnool NA NA NA NA NA NA NAM

Suryapeta 5779 4354 1425 30 36 -6 NAM

Wanaparthy Town

5429 NA NA 394 NA NA NAM


27/09/2017

Onion Today’s Development:

According to the news sources, the government has announced to relax fumigation and endorsement conditions for imported onions so as to ease over the onion crisis. The fumigation norms will be in force till November 30. It is made enforced to facilitate private imports of onion from Afghanistan, Egypt, Turkey and Iran to boost its availability and check prices.

Recent Developments that are still influencing the Market:

(5th Nov 2019) According to the traders, in lasalgaon the modal prices soared to Rs.5200 as

compared to Rs.2500 on 30th Oct whereas arrivals fell to a mere 1100 quintals, the lowest in

several years, onion supply was hovering around 6000 quintal the previous week. On weekly

comparison, onion arrivals fell by around 82% due to untimely rains across the country.

(4th Nov 2019) According to the IMD, heavy rainfall has been witnessed in the coastal Karnataka,

west Madhya Pradesh and some parts of the Maharashtra. Due to the recent rainfall the prices

are likely to trade on the higher side and are likely to dropdown after mid-November.

(1st Nov 2019) Coming week for onion prices across the country are crucial and may increase

abruptly as fresh damaged crop is coming in market from Karnataka and Andhra Pradesh. Also

fresh crop from Maharashtra is delayed and also reported damaged because of recent rains.

(31st Oct 2019) According to the news sources, the unseasonal rains could have damaged the onion crop in Maharashtra, this will hamper the prices in the coming days. The prices are expected to dropdown from mid-November.

(30th Oct 2019) The Karnataka government has issued a notification permitting the export of

9000 tons of Bangalore rose onion variety only until November 30. The exports shall be allowed

only through the Chennai port.

(29th Oct 2019) According to the IMD a red alert has been issued for the week in the coastal

region of Maharashtra, Telangana and Karnataka due to the upcoming cyclone “kyarr”. Thus,

some of the onion growing areas in the states can witness heavy rainfall.

(29th Oct 2019) The post-monsoon rainfall has severely affected the crop in Maharashtra and

Karnataka which might disrupt the supply and prices will eventually rise in the coming week

which is expected to dropdown after mid-November.

Price and Arrivals in Major Markets

Onion

State Market Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons

Source 06-Nov-19 05-Nov-19 Change 06-Nov-19 05-Nov-19 Change

Gujarat Ahmedabad 3350 4250 -900 770 252 518 Agmarknet

Rajkot 3625 3000 625 750 600 150 Agmarknet

Karnataka Bangalore 3500 4500 -1000 5560 6531 -971 Agmarknet

Belgaum 1850 2550 -700 5064 204 4860 Agmarknet

Madhya Pradesh Indore 4000 4000 Unch 462 904 -443 Agmarknet

Maharashtra Lasalgaon 4451 4500 -49 15 12 3 Agmarknet

Pune 2500 2000 500 1250 1468 -218 Agmarknet

Andhra Pradesh Kurnool 2540 2540 Unch 402 316 86 Agmarknet

Rajasthan Jaipur 3000 2900 100 216 220 -4 Agriwatch

Telangana Hyderabad 3250 3750 -500 950 900 50 Agmarknet


27/09/2017

Potato Today’s Development:

In West Bengal so far approximately 75% potato has been released compared to 71% last year.

Total stored potato is nearly 58.50 lakh tons.

Developments that are still influencing the Markets:

(31st Oct 2019) According to the trade sources, in Punjab the modal prices are trading at

Rs.650/quintal, whereas the new crop have started arriving which is trading near Rs.1200-

Rs.1500/quintal.

(30th Oct 2019) In West Bengal so far approximately 72-75% potato has been released compared

to 70% last year. Total stored potato is nearly 58.50 lakh tons.

(24th Oct 2019) According to trade sources in UP, approximately 65-67% potato has been released

from cold storages. Total storage in UP was 121.99 lakh tons compared to last year’s 111.65 lakh

tons.

(21stOct 2019) In West Bengal so far approximately 66% potato has been released compared to

62% last year. Total stored potato is nearly 58.50 lakh tons.

(17th Oct 2019) In Karnataka, as per the state government sowing under potato was completed in

15,794 ha from total targeted area of 21,181 ha. Last year sown area was 20,245 ha during same

time period.

(16th Oct 2019) According to the trade sources, in Delhi the modal prices are trading at

Rs.1291/quintal as compared to Rs.1367/quintal last year. The crop is coming from Uttarakhand,

Shimla, Uttar Pradesh, Punjab and small quantity from Karnataka.

(15th Oct 2019) In Gujarat, approximately 68% potato has been released by now compared to last

year’s release of 67% during same time. This year cold storages opened 2-3 weeks late compared

to last year. In Gujarat total storage capacity is approximately 28.75 lakh tons.

(11th Oct 2019) According to trade sources in UP, approximately 60% potato has been released

from cold storages. Total storage in UP was 121.99 lakh tons compared to last year’s 111.65 lakh

tons.

Price and Arrivals at Major Markets

Potato

State Markets Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons


Andhra Pradesh Palamaner 1000 1000 Unch 0.4 0.5 -0.1 NAM

Karnataka Bangalore 1550 1550 Unch 1270 2010 -740 Agmarknet

Belgaum 1850 1850 Unch 376 763 -387 Agmarknet

Gujarat Surat 1550 1575 -25 650 660 -10 Agmarknet

Madhya Pradesh Indore 1100 1200 -100 157 323 -167 Agmarknet

Maharashtra Pune 1500 1500 Unch 505 655 -150 Agmarknet

Delhi Delhi 1633 1633 Unch 1223 2287 -1065 Agmarknet

Uttar Pradesh Agra 910 910 Unch 1506 1508 -2 Agmarknet


27/09/2017

Tomato

Today’s Developments:

(No significant update for today)

Developments that are still influencing the Market: (4th Nov 2019) According to the traders, the Mumbai market witnessed lower arrivals because of

heavy rainfall. Today total arrival was recorded only 180 quintal as compared to 3070 quintal the

previous day.

(4th Nov 2019) According to the traders, in Madanapalle the modal prices are trading near Rs.1897

as compared to Rs.2328 last week. The prices are likely to increase in the coming weeks as the

rains are disrupting the arrivals in the market.

(1st Nov 2019) Across the country, in the coming week tomato prices may increase abruptly as fresh damaged crop is coming in market from Karnataka and Andhra Pradesh.

(1st Nov 2019) Prices are likely to trade on higher side till mid-November and may start declining after that as fresh crop will pick pace.

(30th Oct 2019) According to trade sources in Madanapalle on 29th Oct, the prices are traded at

Rs.2328/ quintal compared to previous week price of Rs.1552/ quintal. The prices are likely to

increase in the coming week as the rains in the coastal regions will hamper the supply.

(29th Oct 2019) According to the IMD a red alert has been issued for the week in the coastal region of Maharashtra, Telangana and Karnataka. Thus, some of the areas in the states can witness heavy rainfall, which might affect the prices with a sharp increase in the coming week.

(24th Oct 2019) According to the news sources, the central government has asked mother dairy to cut prices of tomato, presently in Delhi tomato prices are trading at Rs.2948/quintal compared to Rs.2841 previous day. The prices are likely to stay firm as the rains in the coastal states will hamper the supply.

(23rd Oct 2019) According to the IMD heavy rains have been witnessed in Hubli and some parts of Karnataka. This might disrupt the supply of tomato in the coming few days.

(23rd Oct 2019) The prices are likely to increase in the coming days as the rain will affect the quality of the tomato.

Price and Arrivals in Major Markets

Tomato

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


Andhra Pradesh

Mulakalacheruvu 1600 1800 -200 194 167 27 1500

Madanapalle 1050 720 330 343 444 -101 1000

Kalikiri 1800 2000 -200 13 26 -13 NA

Pattikonda 1050 2000 -950 31 23 9 NA

Gurramkonda 1720 2080 -360 101 96 5.40 3000

Karnataka Chintamani 1533 1733 -200 300 285 15 NA

Kolar 1113 1280 -167 1137 1134 3 1120

Maharashtra Pune 1500 1300 200 160 176 -16 NA

Delhi Delhi 2680 2790 -110 618 566 52 2858

Telangana Bowenpally 2600 2600 Unch 308 308 Unch 2000


27/09/2017

Turmeric


Turmeric buyers reported active from lower levels in the spot market as lower sowing area in Tamil Nadu due to deficient rainfall and in AP as shifted to Cotton and in some parts to Chilli due to higher prices.


Supply reported lower as Stockists were holding back their stocks.

Agriwatch estimate lower sowing area in Andhra Pradesh and Tamil Nadu growing regions due to lower rainfall at the time of sowing period.

Turmeric prices reported correction due to continuous supply in the spot market as result of higher production during current marketing year.

Good rainfall (during second half of monsoon) reported in major Turmeric growing regions in Maharashtra, Tamil Nadu, Andhra Pradesh and Telangana which was helpful for Turmeric standing crop also put cap on prices from higher levels.

Prices & Arrivals

NCDEX:

Turmeric at NCDEX

Contract Change Open High Low Close Volume O. Int

Nov-19 +22.00 6240.00 6290.00 6212.00 6274.00 1665 3525

Dec-19 +24.00 6308.00 6386.00 6280.00 6360.00 2525 8800

Jan-20 -- -- -- -- -- -- --

As on 06 Nov, 2019 at 5:00 pm Prices in Rs/quintal, Volumes and Open interest in MT

Turmeric

State Market Variety Modal Price (Rs/Qtl)

Change Arrivals (Qtl)

Change Source 06-Nov-19 05-Nov-19 06-Nov-19 05-Nov-19

Andhra Pradesh

Duggirala Finger 5080 5540 -460

390 287 103 NAM Bulb 5600 5200 400

Kadapa Finger 5237 5452 -215

373 274 99 NAM Bulb 5460 4057 1403

Telangana

Nizamabad Finger 5500 6626 -1126

359 1584 -1225 NAM Bulb 5869 6619 -750

Warangal Finger 6500 6500 Unch

39 39 Unch Agriwatch Round 6200 6200 Unch

Tamil Nadu Erode Finger 6853 6698 155

866.4 398.5 467.9 Agmarknet Bulb 6149 6164 -15


27/09/2017

Chilli


Exporters demand reported well from Teja variety from countries like China, Malaysia, Bangladesh and Sri Lanka etc.

As per trade information, chilli cold storage stocks as on date in Guntur stood at 40,500 to 45,000 MT lower from normal (in normal 85,500 to 94,500 MT) stocks, also in Andhra Pradesh around 63,000 to 67,500 MT (in normal 99,000 to 103,500 MT) according to various trade estimates. Current year cold storage stocks reported lower as carry forward stocks reported less.


Lower supply reported as Stockists were expecting further higher prices as cold storage stocks reported lower day by day.

Due to heavy rainfall in Karnataka chilli growing districts like Gadag, Haveri, Dharwad, Bagalkote and Belagavi chilli standing crop reported damaged. As per trade sources, affect percentage likely to be around 45 -50% till now, if rainfall will continue next couple of days affect percentage would be higher.

New crop supply entering Bedia spot market variety like Mico, Mahi and Teja. Sources revealed that, quality reported well.

Current year chilli prices reported up due to lower cold storage stocks at Guntur market. Guntur cold storage stocks reported lower by 40 - 45% from normal level due to lower carry forward stocks during current marketing year 2019-20. Next season new chilli supply likely to enter at Guntur market from January.

Prices & Arrivals Red Chilli

State Market Variety Modal Price (Rs/Qtl)



Andhra Pradesh

Guntur Teja 18000 16300 1700 1111 2139 -1028 NAM

334 13600 13700 -100 1981 2245 -264 NAM

Telangana Khammam Red NA NA - NA NA - Agmarknet

Warangal Talu NA NA - NA NA - Agmarknet


27/09/2017

Maize


From the trade point of view, Maize is moving towards Hyderabad at Rs. 2,300 per quintal while it is loading for Tamil Nadu at Rs. 2175 per quintal; soured from Nizamabad.

In Davangere region of Karnataka, due to recent rains, new crop arrivals are containing high moisture around 20-30% and being traded in a range of Rs. 1600-1880 per quintal (loose price). Arrival pressure is likely to weigh on market sentiments.


In Chhindwara region of M.P, new crop arrivals of maize contains moisture around 14% to 22%; being traded in a range of Rs. 1400-1900 per quintal (loose price).

In Nizamabad, maize is likely to trade steady to slightly weak due to arrival pressure. However, Tamil Nadu feed makers demand could support the market at lower level. Maize arrivals are containing high moisture due to recent rains.

As per trade sources, Vessel (ABK TIGER) at berth for discharge with 27,200.00 tonnes of corn at Kandla port expected to complete on 2nd November, 2019.

It is being delivered to Tamilnadu at Rs. 2200 per quintal; sourced from Mysore and Hassan districts of Karnataka.

In U.S, Corn has matured 96% as of 03rd November, 2019 which is lower by 4% compared to last year. It has harvested 52% which is also lower by 22% compared to last year. However, 58% crop of Corn is in good to excellent condition which is same compared to last week.

As per trade sources, India exported around 11,343 MT of maize for the month of September’19 at an average FoB of $326.99/ MT. Out of which, around 8,040 MT Indian maize was exported mainly to Nepal mainly through Jogbani ICD followed by Sonauli ICD and Bhimnagar port.

In Anantapuram, Krishna, Vizianagaram and Srikakulam districts of A.P, around 4,084 hectare area is affected by Fall army worm and Stem borer; out of which 3,625 hectare area is treated.

In India, maize has been sown in around 82.44 lakh hectares as of 04th Oct’19 which is higher than 80.20 lakh hectare covered during corresponding period last year.

As per trade sources, India imported around 9,731 MT of maize for the month of August’19. Out of which, around 7,136 MT was imported from Myanmar for the Chennai port at an average value of $284.22/ MT. Meanwhile, around 1,466 MT was imported from Ukraine for the Kandla port at an average value of $203.47/ MT.

In Telangana, fall army warm and Locust is below ETL level in Mahboobnagar, Gadwal, Janagoan, Siddipet, Medak and Khammam districts. As per trade sources, in mahboobnagar district of Telangana, total yield could be affected around 20-25% due to pest and untimely rainfall while in janagoan district, crop yield could be affected around 5-10%.

As per 1st advanced estimates for 2019-20, released by Ministry of Agriculture, production of

maize for kharif season is estimated at 19.89 MMT. However, Agriwatch expects maize

production for this Kharif season at 18.86 MMT with the expected yield of 2214.14 kg/ hectare.

As per trade sources, in hubli-dharbad, and belgaum districts of Karnataka, total crop loss, due to heavy rainfall, could be around 15 to 20%. In shimoga, bagalkot and bijapur districts; crop loss could be around 5 % in each districts while in chikmagalur district; crop loss could be around 2%.

As per trade sources, in Sangli region of Maharashtra, around 15% crop loss could be due to flood while in Aurangabad, around 5-10% yield could be affected due to dry spell.


27/09/2017

As per media report, Government has allowed another 4 lakh tonnes of feed grade Maize(dent

corn) to be imported under TRQ @ 15 % custom duty for actual users. Earlier, Government

allowed 1 lakh tonnes of feed grade Maize (corn) under TRQ wherein MMTC and NAFED each

were allowed to import 50,000 tonnes of corn for poultry firms during the financial year 2019-

20; starting from April 1.

Prices & Arrivals:

Maize

State/ District

Market Grade Modal Price (Rs./Qtl)



Telangana Nizamabad Bilty 2200 2250 -50 15000 17000 -2000 AGRIWATCH

Bihar Gulabbagh Bilty NA NA - NA NA - AGRIWATCH

Karnataka Davangere Bilty NA NA - NA NA - AGRIWATCH

Delhi Delhi Loose 2100 2150 -50 NA NA - AGRIWATCH

Andhra Pradesh Kurnool Loose 1509 1609 -100 28 88 -60 ENAM

*Difference between current and previous day’s prices.


27/09/2017

Sugar


Kolhapur sugar market stood steady at Rs.3200/q and U.P’s Khatauli market prices stood lower at Rs.3410/q. Overall the prices are expected to be steady to low in Indian markets.

Final estimates for 2018-19 has been released by ISMA recently with total 331.61 LT of sugar production and expected to produce around 260 LT of sugar in 2019-20 MY. Total sugar monthly sales quota of 246LT was released by the government to the mills during Oct’18 to Sep’19 (MY), ISMA declares the total sugar consumption of 255 LT as 8-9 LT of sugar was sold in excess which was not reported by the government. Exports of 38 LT has been reported with closing balance of 145.81 LT in 2018-19. So far from the starting of the new season in Oct’19, in only one month the country is expected to have exported around 7-8 LT only with the support of new export policy of MAEQ of 60 LT.

Today’s Developments that are still Influencing Markets:

(6th Nov 2019) According to the data released by the National Federation of Cooperative Sugar Factories Ltd. (NFCSF), total 28 mills have crushed 14.5 LT of cane and have produced 1.25 LT of sugar at an average recovery of 8.67%. In Karnataka State, 9 sugar mills have crushed 6.67 Lakh Tons sugarcane and have produced 60,000 Tons new sugar at an average recovery of 9% followed by Uttar Pradesh where 13 mills have crushed 1.88 Lakh Tons sugarcane and have produced 15,000 Tons new sugar at an average recovery of 8%. The mills have already started crushing 1 month late this year due to incessant rains which has delayed crushing. According to the latest estimates by ISMA, India might produce 268.5 LT in 2019-20 marketing year.

(5th Nov 2019) Increasing demand for ethanol in Brazil has urged the country to import ethanol from US according to the S&P Global Platts. In the coming years, the demand for ethanol in Brazil will increase by around 2.5 per cent per year. The falling prices of sugar in the international market has helped Brazil to emphasise more on ethanol production. To combat the increasing demand for ethanol, Brazil is also producing corn based ethanol from corn apart from sugarcane juice.

(4th Nov 2019) In the month of September, India exported around 1.46 LT lower than the previous month’s exports. Iran imported the largest amount of sugar (45,931MT) at an average FOB of $352/MT followed by Somalia, importing 33,392MT at $332/MT FOB. Total refined sugar exports are expected to have reached around 40 LT so far in the marketing year 2018-19. After the introduction of export incentives by the government, there is expectations of exporting around 55LT of sugar in the 2019-20 marketing year.

(1st Nov 2019) Maharashtra is likely to commence crushing not before 15th Nov’19 as directed by the state government. This time the number of private and cooperative sugar mills licensed for crushing sugarcane is lower than last year and is expected to fall sharply. Around 159 have applied for license whereas this season as compared to the previous season of 195 mills. Due to the lower crop, because of excess rains in western Maharashtra and drought in Marathwada, the number of sugar mills for crushing has come down. Sugarcane crop has been badly damaged due to floods in western Maharashtra, due to lack of water in Marathwada, the crop has been affected.

(30th Oct 2019) Sugar mills have partially started preparations for crushing operation, but will commence in full swing from November 15 onwards. There are about 534 sugar mills in the country. The government has fixed fair and remunerative price (FRP) of sugarcane at Rs. 2.75/quintal for the current marketing year. Farmers in many states such as Andhra Pradesh, Karnataka and Maharashtra, are paid on the basis of the FRP set by the Centre. Whereas in Uttar


27/09/2017

Pradesh, Punjab, Tamil Nadu and other states have a State Advised Price (SAP). Sugarcane production is estimated to be lower at 377.77 million tonnes in the 2019-20 crop year (July-June) as against 400 million tonnes last year.

(29th Oct 2019) UP government is likely to invest Rs.160 crore to create ethanol production capacity of 53 million litres. In order to adopt greener fuels and to cut down the oil imports, the ethanol would be supplied to Oil Marketing Companies (OMCs). UP Cooperative Sugar Mills Federation Limited have an installed capacity to produce 35 million litres and 13.5 million litres of ethanol and rectified spirit respectively. In 2019, the ethanol production is subsequently to rise by at least 5% (estimated at 3300 million litres in 2019) as already procurement of 910 million litres have been booked earlier in the beginning of the season.

(23rd Oct 2019) Sugarcane factories in Uttar Pradesh have started sugarcane sowing. But the mills still have the arrears to be paid to the farmers which is causing hindrance in thought of sowing sugarcane. The millers have demanded the state government to give the subsidy of Rs.30/q to the farmers to pay the dues. As the sugar industry is facing crisis with not been able to fulfil the payment dues to the farmers as the problem lies in the higher cost of making sugar around Rs.34-35/kg than they receive at Rs.31/kg. Also the UP government had earlier fixed the reserve quota for molasses from 12.5% to 16% for the state manufacturers of country made liquor to maintain adequate supply of molasses for distilleries to produce country liquor. The millers have strongly opposed reservation of molasses, claiming it is a vital by-product and the revenue generated by it contributes towards sugarcane payments to farmers.

(22nd Oct 2019) The Karnataka government has given the sugar mills a deadline to clear all the sugarcane arrears to be given to the farmers on or before 5th of November. 23 factories in Belagavi district have a total arrears of Rs.84 crore to be paid to farmers out of which 99 % of arrears have been paid to farmers. Also the government likely to take action against factories that had not renewed their license for this year. The State government is also set to decide on a demand for a ban on transporting sugarcane to neighbouring States on 10th Nov’19.

(22nd Oct 2019) Sep month sugar exports of Brazil stood at 17.19 LT higher than previous month which was 15.62 LT (Aug) at $281/tonne but lower compared to previous year’s exports which stood at 25.22 LT (-32%). The major export destination for Brazil were Algeria, China, Saudi Arabia, Bangladesh and Nigeria in the current season (April’19-Mar’20) for Brazil.

Prices :

Sugar (M grade)

State/ District Market

Modal Price (Rs /Qtl)

Change Source 6-Nov-19 5-Nov-19

Maharashtra Kolhapur 3200 3200 Unch AW

Uttar Pradesh Khatauli 3410 3450 -40 AW

Andhra Pradesh Vijayawada 3700 3720 -20 AW

Delhi Delhi 3320 3280 40 AW


27/09/2017

Cotton Today’s Developments:

The domestic Adoni market stood firm Rs.5191/q whereas Rajkot market prices stood steady at Rs. 5450/q from previous day as arrivals were disrupted by untimely rains.

Farmers in Adilabad, Telangana are distressed as they are not getting fair price of at least the MSP for cotton that has started trading from today (6th Nov’19). Government agencies and private traders said that the moisture content is very high due to the continuous rains and farmers are ready to charge a low price. To ensure that farmers get a better price for cotton, the administration has implemented to ensure the arrival of cotton in phases in the mandis on the basis of mandals so that the entire quantity of cotton produced in the entire district does not reach the Adilabad market at the same time. Also the farmers would get enough time to reduce down the moisture to (8-12%) which are the permissible limit for CCI to procure cotton.

Recent Developments that are still Influencing Market:

(6th Nov 2019) According to the trade sources, the Indian cotton exports for the Sep’19 were reported at 71,403 bales against 94,000 bales in the previous month. The total exports of India from the starting of the marketing year in Oct’18 till Sep’19 expected to have reached to a total of 46.47 lakh bales around 23% lower compared to 60.12 lakh bales during the corresponding period in 2017-18. In Sep’19, Bangladesh was the largest importer, importing 63,226 Indian bales with an average FOB of 1.82 $/Kg followed by Iran (3551 bales at FOB 1.84 $/Kg) and Vietnam importing 2061 bales at 1.73 $/Kg.

(5th Nov 2019) The USDA’s weekly crop progress report showed cotton harvest crest above 53% complete in the week ending 3rd November. The 7 day forecast is moderate to heavy precipitation for North East Texas and most of Oklahoma in US. The South is forecasted to receive about an inch of accumulated precipitation. The average pace is 51%, and compared to last year we are 5 percentage points ahead of schedule. Texas was 42% complete, normally 38%, and GA has harvested 67% of their crop 11 percentage points ahead of average.

(4th Nov 2019) International Cotton Advisory Board projected the world production at 26.7 MMT 4% higher against 25.69 MMT in 2018-19. Due to the lower demand by the mills and US- China trade war affected the overall economy at the global level which has reduced the consumption in 2018-19 marketing year and likely to remain flat in 2019-20. India is expected to lead in the cotton production among the other countries at 6 million tonnes (35.29 Indian Lakh Bales). Similarly, China is projected imports at 8.05 million tonnes (47.5 Indian Lakh Bales) 2% down compared to the previous year. Both Mexico and Pakistan are expected to increase their imports by 48% (to 141,000 tonnes) and 8% (to 711,000 tonnes), respectively.

(1st Nov 2019) According to the Cotton Corporation of India, the total arrivals till 28th Oct’19 stood at 12.33 lakh bales. Out of which Rajasthan is leading with 3.77 lakh bales followed by Haryana with arrivals of 3.75 lakh bales, Gujarat with 1.38 lakh bales and 1.28 lakh bales as on date. The arrivals from Maharashtra (35,000 bales), Telangana (29,000 bales) and AP (31,000 bales) declined compared to the previous year at the same time due to disruptions caused by rainfall from last week in the cotton belts.

(31st Oct 2019) Rain in Maharashtra, Telangana and AP excess by 45% since last 10 days and more showers likely to continue this week. The southern parts of Madhya Pradesh also recorded heavy rainfall at one or two places with moderate rainfall. In Telangana, the fiber output was expected to be around 45-50 lakh bales as against 36-40 lakh bales in a normal year. But incessant rains in the last five-six weeks have shattered their hopes. CCI has announced to start kapas buying from 10th Nov onward in AP. Farmers have hold back kapas in anticipation of


27/09/2017

getting better realisation. As a result of this arrivals have dropped to 50% and is still likely to drop further. This may result in unhealthy competition and increase the price of kapas across all the variety.

(30th Oct 2019) Many spinning mills are on the verge of closure as since April as the exports of cotton yarn declined by 38.8%. Cotton yarn is the only product that hasn't been granted export benefits such as Merchandized Export Incentive Scheme (MEIS) and 3% Interest Equalization Scheme. Additionally, exporters of cotton yarn are facing differential import duties between 3.5 and 5 per cent in leading export markets. Also the consumer demand has declined and in contrast the demand for polyester yarn has been growing strongly as compared to natural fiber as polyester is much cheaper (by around 40-50%) than cotton fiber. Therefore, the government should include cotton yarn under the MEIS, 3% Interest Equalization Scheme and the ROSCTL (Rebate of State Levies & Taxes) Scheme so that exports of cotton yarn increase to China, Bangladesh, Vietnam, South Korea, Colombia and Turkey.

(29th Oct 2019) CCI is prepared to start procurement of cotton in Andhra Pradesh in the second week of November to ensure minimum support price to the farmers. Joint collector of Pithapuram of Kakinada district said that cotton farmers should register themselves in e-crop about the details of the cotton produced. Cotton will not be purchased if the moisture content exceeds 12% as per the government instructions.

(26th Oct 2019) The textile exports from the country increased by 2.95% during the first quarter of the current fiscal year compared to the corresponding period of the last fiscal year. The textile exports during July-September (2019-20) were recorded at $3371.974 million against the exports of $3275.303 million during July-September (2018-19), a growth of 9.95%. EU and Pakistan has joined hands to improve the textile exports in Pakistan. Buyers in Pakistan are active in buying quality cotton which has risen the prices to Rs.9500/maund, a rise of Rs.200 of premium quality cotton.

Prices:

Cotton

State/ District Market

Modal Price (Rs /Qtl)

Change

Arrivals (Qtl)


Gujarat Rajkot 5400 NA - 2000 NA - Agriwatch

Andhra Pradesh Adoni

NA 5191 - NA 12791 - Agriwatch

Andhra Pradesh Guntur NA NA - NA NA - NAM

Andhra Pradesh YEMMIGANUR NA NA - NA NA - NAM


27/09/2017

Palm Oil


No significant development today


(5 Nov 2019) - Port Position in Andhra Pradesh- As per trade sources, one vessel is expected to

arrive at Krishnapatnam port with CPO with total capacity of 5,500 tons. So, total vessel position

of CPO at ports in Andhra Pradesh stands at 5,500 tons.

(1 Nov 2019) - Palm oil prices are expected to be supported by expectation of fall in end stocks

of palm oil in Malaysia, slowdown of production of palm oil in Malaysia, rise in exports of palm

oil from Malaysia, dry condition in Indonesia, depreciation of ringgit and rise in crude oil prices.

Palm oil end stocks are expected to fall in Oct in Malaysia on rise in exports of palm oil from

Malaysia in Oct and slowdown in production of palm oil in Malaysia in Oct. Palm oil production

is expected to rise in Malaysia on seasonal uptrend of production but at a lower rate due to

lower use of fertilizers on lower prices of palm oil, lower production due to haze in some areas

as it restricted oxygen needed for palm to mature. Palm oil exports rose from Malaysia in Oct on

firm demand from top importing destinations especially EU and China while imports from India

will remain muted in coming weeks. Demand firmed from EU in anticipation of higher prices of

palm oil. Imports of palm oil rose from China due to lower imports of soybean by China leading

to lower supply of soy oil in the country leading to higher imports of palm oil. Imports of palm oil

by India from Malaysia slowed in Oct due to strong imports of palm oil in last 3 months and

higher stocks of palm oil at Indian ports. However, due to India-Malaysia tussle on Kashmir issue

will slow palm oil imports. Stocks of palm oil has surged in Indonesia in August to reach 3.8 MMT

on lower exports and higher production. However, due to India-Malaysia and removal of export

duty on palm oil and higher use of palm oil in biodiesel will lower end stocks of palm oil in the

countries in coming months.

(29 Oct 2019)- According to cargo surveyor Societe Generale de Surveillance (SGS), Malaysia’s

Oct 1-25 palm oil exports fell 9.0 percent to 291,575 tons compared from 273,360 tons in

corresponding period last month. Top buyers were European Union 291,575 tons (273,360

tons), China at 243,738 tons (179,770 tons), India at 148,870 tons (240,980 tons), United States

at 46,100 tons (57,862 tons)and Pakistan at 40,000 tons (27,050 tons) and. Values in brackets

are figures of corresponding period last month.

(29 Oct 2019)- Indian palm oil buyers have stopped booking palm oil cargoes from Malaysia on

reports that India may restrict palm oil imports from Malaysia in retaliation for its support on

Kashmir issue ay United Nations. Edible oil trade body Solvent Extractor Association of India

(SEA) has asked its members to stop imports from Malaysia on Kashmir issue. However, in

Indian official statement India has asked Malaysia to introspect on Kashmir issue and has said

that trade should not suffer due to standoff. Trade treaty RCEP is expected to be signed

between 16 countries which include India and Malaysia, so any major trade policy uncertainty


27/09/2017

by India is ruled out. Further, Malaysia has said that it will purchase more sugar and buffalo

meat for concession on palm oil import restrictions.

(18 Oct 2019)- According to Indonesia Palm Oil Association (GAPKI), exports of palm oil (CPO and

PKO) from Indonesia fell 15.38 percent in August y-o-y to 2.53 MMT from 2.99 MMT in August

2018. Exports of palm oil (CPO and PKO) rose marginally m-o-m in Aug at 2.53 MMT compared

to July 2019 at 2.51 MMT. Stocks of palm oil in Aug 2019 rose to 3.8 MMT from 3.51 MMT in

July 2019, higher by 8.26 percent m-o-m.

(16 Oct 2019)- Crude Palm oil import scenario- According to Solvent Extractors Association

(SEA), CPO Imports fell 9.77 percent y-o-y in September to 6.00 lakh tons from 6.65 lakh tons in

September 2019. Imports in oil year 2018-19 (November 2018-September 2019) were reported

higher by 0.6 percent y-o-y at 58.86 lakh tons compared to 58.50 lakh tons in corresponding

period last oil year.

(16 Oct 2019)- RBD palmolein import scenario- RBD palmolein imports rose 7.76 percent y-o-y in

September to 2.64 lakh tons from 2.45 lakh tons in September 2018. Imports in oil year 2018-19

(November 2019-September 2019) were reported higher by 30.67 percent y-o-y at 26.12 lakh

tons compared to 19.99 lakh tons in corresponding period last oil year.

(15 Oct 2019) Malaysia has planned to cut export duty on exports of crude palm oil from 2020,

according to Malaysian Finance ministry. Export duty will start from 3 percent in place of 4.5

percent when prices are between RM 2,250 (USD 538.54) to RM 2,400 per ton. Export duty will

rise to 4.5 percent in prices between RM 2,401 to RM 2,550 per ton and prices will rise by 0.5

percent incrementally to maximum of 8 percent until the prices reach RM 3,450 per ton. This

measure has been taken to reduce rising palm oil stocks in Malaysia and compete with

Indonesia CPO in global market.

(10 Oct 2019) - According to Malaysia Palm Oil Board (MPOB), Malaysia’s September palm oil

stocks rose 9.27 percent to 24.48 lakh tons compared to 22.41 lakh tons in August 2019.

Production of palm oil in Sep rose 1.15 percent to 18.42 lakh tons compared to 18.22 lakh tons

in Aug 2019. Exports of palm oil in Sep fell 18.77 percent to 14.10 lakh tons compared to 17.36

lakh tons in Aug 2019. Imports of palm oil in Sep rose 39.28 percent to 0.71 lakh tons compared

to 0.51 lakh tons in Aug 2019. End stocks of palm oil rose more than trade expectation on lower

exports.

(27 Sep 2019) - According to Indonesia trade ministry, Indonesia kept Oct crude palm oil export

duty unchanged at zero. The reference price is set at USD 575.9 per ton, lower than lower

threshold for export duty below USD 570 to calculate export levy. Indonesia taxes palm oil

above trigger price of USD 750 per ton. Indonesia has kept crude palm oil export duty at zero

since May 2017.

(23 Sep 2019) - According to Malaysia Palm Oil Board (MPOB), Malaysia kept Oct crude palm oil

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

2145.75 ringgit per ton. Tax is calculated above 2,250 ringgit starting from 4.5 percent to a

maximum of 8.5 percent.


27/09/2017

Prices:

Palm Oil Prices (In Rs./ 10 Kg)

State/District Market 6 Nov 2019 5 Nov 19 Change Source

Crude Palm Oil (FFA 5%)

Gujarat Kandla 608 606 2 Agriwatch

Andhra Pradesh Krishnapatnam 600 600 Unch Agriwatch

RBD Palmolein

Gujarat Kandla 675 675 Unch Agriwatch

Andhra Pradesh Kakinada 670 670 Unch Agriwatch

Andhra Pradesh Krishnapatnam 675 675 Unch Agriwatch


Futures prices of CPO at MCX:

Palm Oil at MCX

Contract Open High Low Close Change Volume(Lots) O.Int

30-Nov-19 605.80 617.00 603.70 614.00 8.60 1761 4659

31-Dec-19 612.00 622.00 608.70 619.40 9.10 569 2333

31-Jan-20 609.70 618.80 609.70 617.20 9.00 33 455

As on 6-Nov-2019 at 9 pm Rs/10 Kg


27/09/2017

Sunflower oil




(5 Nov 2019)-Port Position in Andhra Pradesh- As per trade sources, one vessel is at berth for

discharge at Kakinada port with crude sunflower oil (CSFO) with total capacity of 1,750 tons.

One vessel is waiting to birth at Kakinada port with total capacity of 33,000 tons. One vessel is

expected to arrive at Kakinada port with total capacity of 6,500 tons. So, total vessel position of

crude sunflower oil at ports in Andhra Pradesh stands at 41,250 tons.

(29 Oct 2019)-Sunflower oil premium over soy oil at CNF markets have decreased to $-1 per ton

from $14 per ton last week and premium in domestic markets have reached to Rs 70 per 10 kg,

up Rs 75 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein is at Rs

170 per 10 kg vs Rs 200 per 10 kg last week. Prices of sunflower oil are estimated to trade higher

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

(21 Oct 2019)-Sunflower oil imports scenario- According to Solvent Extractors Association (SEA),

Sunflower oil imports fell 15.33 percent y-o-y in September to 1.27 lakh tons from 1.50 lakh tons

in September 2018. Imports in oil year 2018-19 (November 2018-September 2019) were

reported lower by 7.43 percent y-o-y at 21.92 lakh tons compared to 23.68 lakh tons in

corresponding period last oil year.

(11 Oct 2019)-Sunflower oil premium over soy oil at CNF markets have decreased to $14 per

ton from $25 per ton last week and premium in domestic markets have reached to Rs 75 per 10

kg, up Rs 67 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein is at

Rs 220 per 10 kg vs Rs 245 per 10 kg last week. Prices of sunflower oil are estimated to trade

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

prices.

Prices:

Sunflower Oil Prices (In Rs./ 10 Kg)


Tamil Nadu Chennai 830 830 Unch Agriwatch

Andhra Pradesh Krishnapatnam 810 812 -2 Agriwatch

Andhra Pradesh Kakinada 810 812 -2 Agriwatch



27/09/2017

Groundnut oil

Today’s Developments



(6 Nov 2019)- Groundnut oil prices are expected to be underpinned by weak demand. Demand

will weaken on expectation of fall in prices of groundnut oil due to higher crop harvest of

groundnut due to higher yields leading to postponement of demand. However, NAFED sale of

groundnut has been stopped and NAFED has started procurement of new crop of groundnut

frim Nov 1, where more than 5 lakh farmers have registered. However, crushing of groundnut is

progressing at good pace thereby increasing supply of groundnut oil. Further, festival season is

over and fresh demand trigger is not there until December when peak demand season arrives in

Gujarat. Retail demand is expected to fall due to higher prices of groundnut oil. Moreover,

exports of groundnut is weak due to higher prices of groundnut leading to diversion of

groundnut towards crushing leading to lower groundnut oil prices.

In Andhra Pradesh, prices will stay moderated as demand season is over. Prices may fall due to

parity with Gujarat. Stocks position of groundnut oil is good. Retail demand has weakened due

to higher prices of groundnut oil. Most of the oils arriving in market are from Gujarat. High

premium of groundnut oil over sunflower oil and palm oil will cap gains in prices.

(22 Oct 2019)- Groundnut oil prices are expected to be underpinned by weak demand. Demand

will weaken on expectation of higher groundnut crop due to good rains and adequate harvesting

condition leading to postponement of demand. NAFED sale of groundnut has picked leading to

higher supply of groundnut for crushing leading to lower prices of groundnut oil. Retail demand

is expected to fall due to higher prices of groundnut oil and high volatility in groundnut oil

prices. Further, exports of groundnut is weak due to higher prices of groundnut leading to

diversion of groundnut towards crushing leading to lower groundnut oil prices.

In Andhra Pradesh, prices will stay moderated as demand season is over. However, prices may

rise due to parity with Gujarat and demand ahead of festivals. Stocks position of groundnut oil is

weak. Retail demand has weakened due to higher prices of groundnut oil. Most of the oils

arriving in market are from Gujarat. High premium of groundnut oil over sunflower oil and palm

oil will cap gains in prices.

(3 Oct 2019)- Groundnut oil prices are expected to be supported by demand ahead of festivals

and deteorating condition of groundnut crop. Demand is firm due to rains in groundnut growing

regions in Gujarat has led to chances of crop loss, has led to preponing of demand. NAFED sale

has picked up leading to higher supply of groundnut leading to higher supply of groundnut oil

may lead to lower prices of groundnut oil. Retail demand has improved due to fall prices. There

is no parity in all variety of groundnut oil. Medium quality oil is moving towards Andhra Pradesh

at Rs 980-100 per 10 kg.


27/09/2017

In Andhra Pradesh, prices will stay moderated as demand season is over. However, prices may

rise due to parity with Gujarat and demand ahead of festivals. Stocks position of groundnut oil is

weak. Retail demand has weakened due to higher prices of groundnut oil. Most of the oils

arriving in market are from Gujarat. High premium of groundnut oil over sunflower oil and palm

oil will cap gains in prices.

Prices:

Groundnut Oil Prices (In Rs./ 10Kg)


Gujarat Rajkot 1050 1050 Unch Agriwatch

Telangana Hyderabad 1025 1020 5 Agriwatch

Tamil Nadu Chennai 1050 1050 Unch Agriwatch



27/09/2017

RICE


Indian FOB for 1121 steam traded weak in the month of October and currently is in the range of

USD 3.07/MT which is down by 3.07% from last month price of USD 1080/T due to arrival

pressure and also export as many companies in Iran, who is largest basmati importer, Exporters

are facing a fund crunch with their payments stuck in Iran for five months. Over 30 per cent of

basmati export is affected due to the crisis, making exporters reluctant to purchase basmati;

Agriwatch expects that aromatic international rice price is likely to trade steady to weak in

coming month due arrival pressure from major producing states. According to the UN's Food and

Agriculture Organization (FAO), Currently Pakistani basmati FOB is moving weak from last month

and is now hovering in the range of USD 988/MT which is up down 5.38 % from last month FOB

of USD 1045/MT.

Government procurement of paddy in Haryana will resume. So far, government procurement of

55.19 lakh tonnes of paddy has been done from Haryana against the target of 54 lakh tonnes in

MY -2018-19. According to the Department of Food, Civil Supplies and Consumer Affairs of

Haryana, out of the total arrivals, the Food Civil Supplies and Consumer Affairs Department

procured 30.59 lakh tonnes, Hafed 16.95 lakh tonnes, Haryana Warehousing Corporation 7.62

lakh tonnes and Food Corporation of India 2,279 tonnes have purchased.

Recent Developments that are still influencing the Markets:

(24nd Oct 2019) Purchase of paddy in Karnal, Haryana has been stopped for the last 4 days due to which farmers are facing problems. Paddy is visible everywhere in the mandis. According to the Karnal Market Committee, a total of 42 lakh quintals of paddy had arrived last year, which has now reached 43 lakh tonnes. The arrival of paddy may continue for another 15-20 days, which means that the production of paddy is more than that of last year.

(22nd Oct 2019) Nearly 20.9 lakh metric tonne paddy procured in Punjab mandis. The govt. agencies and private millers have procured 20.9 LMT of paddy from the varoius mandies across the state. Govt. agencies have procured 2035766 MT and 55130 MT by private millers. PUNGRAIN has purchased 796027 MT, MARKFED 545746 MT, PUNSUP391387 MT, Punjab State Warehousing Corp. 264783 MT and FCI 37823.

(18th Oct 2019) The performance of the export of this important food grain from India, the world's largest exporter of rice and the second most important producing country, is going down significantly this time as compared to last year. According to the official data obtained, in the five months of April to August in the year 2018, more than 51.83 lakh tonnes of rice was exported from the country, which fell to about 14 lakh tonnes to 37.91 lakh tonnes in the same months of the current year. Under this, basmati rice exports fell from 18.54 lakh tonnes to 16.65 lakh tonnes and non-basmati rice exports dropped from 33.29 lakh tonnes to 21.26 lakh tonnes. The government had provided a subsidy of 5 per cent on exports of non-basmati (normal) rice during the last financial year, giving exporters the opportunity to keep their rice prices at competitive levels but this time with minimum support for paddy despite the increase in prices, subsidy on rice exports has not been announced so far. As a result, demand in African countries has weakened. As far as basmati rice is concerned, its exports are being affected due to the almost termination of the Agri-Products agreement with Iran for petroleum. It may be noted that Iran is the main buyer of Indian basmati rice, but after May its imports there have been steadily decreasing due to its own rice production.


27/09/2017

(16th Oct 2019) According to Andhra Pradesh Agriculture Ministry, 5 types of pests attacked 1 lakh

acre crop of 4 districts of the state. More than 1 lakh acres of crop in Krishna, Viziangram, East

Godavari and Prakasam districts affected by rice blast, BPH, stem borer and leaf folder pest. Rice

blast can cause more damage to rice blast. This could hamper the yield of paddy and thus overall

rice production may affect.

(14th Oct 2019) Crop Production Estimates: As per the 01st Advance Crop Production Estimates 2019-20, Kharif Rice 2019-20 is estimated at 100.35 million tons. This is lower than the last year’s production of 102.13 million tons. The 2018-19 Rabi season Rice production is estimated at 14.29 million tons as against 15.62 million tons last year. Total Rice production in 2018-19 is estimated at 116.42 million tons as against 112.76 million tons in 2017-18.

(12th Oct 2019) 5 lakh tonnes of paddy arrived in the Karnal region of Haryana, out of which 3.6 lakh tonnes of paddy was purchased by the Food and Supply Department 97120 tonnes Hafed and 42667 tonnes by HSWC. Paddy piled into the mandis as government sales slowed due to storage problem.

(07th Oct 2019) Saudi Arabia's tightening of rice import rules may affect rice exports from India. Earlier the Indian rice industry is already facing trouble in terms of exports due to the ban on Iran, Saudi Arabia has implemented a new system for quality control from 1 September 2019. A certificate of quality is required for each batch. Only 2 agencies have been allowed to issue COC for rice exports from India.

(3rd Oct 2019) Government procurement of paddy has started since October 1, but FCI rice sales are weak, the stock of food grains has increased in the go downs compared to the previous year, due to lack of space.

(3rd Oct 2019) More than 20 shipwrecks were trapped after the US imposed a sanction on Iran.

The pressure of arrival of paddy in the mandi of Uttar Pradesh has not been formed yet, the rain

on the standing crop has damaged the paddy crop.

(30th Sept 2019) Punjab targets paddy procurement of 170 lakh tonnes. Punjab CM has

directed the Food Department to obtain all receivables from GoI and FCI at the earliest, to

ensure that the Cash Credit Limit (CCL) is availed in time for the smooth procurement of

Paddy. The Chief Minister was reviewing the arrangements for the procurement season,

beginning from October 1. With 29.20 Lakh hectares of area under paddy cultivation,

Punjab is targeting procurement of 170 Lakh Metric Tonnes, requiring CCL to the tune of

Rs. 34,500 Crores in Kharif Season 2019-20.

(30th Sept 2019) On September 25, under Maharashtra FCI OMSS scheme, 50 metric tons of rice at

Rs.2,790 per quintal. FCI sold 4,300 metric tons of rice from Jammu and Kashmir at Rs.2,785 per

quintal . Under the FCI OMSS scheme, on September 25, 30,000 metric tons of rice was sold from

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

(26th Sept 2019) The Haryana Chief Minister gave permission to purchase paddy till September 25,

before the conduct of election conduct in Haryana. Realizing the situation first, the Haryana

Government wrote a letter to the Central Government on September 17, requesting that

government procurement be started soon. The Central Government gave approval to allow

purchase of Kharif season from 1 October to 15 December from 25 September to 15 December.

Circular is yet to come.


27/09/2017

Prices & Arrivals

Rice

State/ District

Market Variety Modal Price (Rs /Qtl)


Change Source

06 Nov 2019

05 Nov 2019

06 Nov 2019

05 Nov 2019

CHHATTISGARH

BALOD PADDY-SWARNA MASOORI

2100 2100 unch 5500 5000 500 E-nam

CHHATTISGARH

BHATAPARA

PADDY-HMT

2120 2110 10 4000 2100 1900 E-nam

CHHATTISGARH

BALOD PADDY 1001

1850 1870 -20 500

600 -100 E-nam

TELANGANA BADEPALLY

Paddy RNR 1830 1810 20 500 420 80 E-nam

TELANGANA MAHBUBNAGAR

RNR 1760 1770 -10 500 280 220 E-nam

Disclaimer

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not

warrant its accuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This document is

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

published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company. IASL and its affiliates and/or

their officers, directors and employees may have 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.

Pulses · 2019. 11. 7. · Daily Price Monitoring Report 7th Nov, 2019 27/09/2017 Pulses Today’s...

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