pulses - andhra pradesh...2019/07/17 · mid-day meal and other welfare schemes. it may support...

Daily Price Monitoring Report 17th July, 2019

27/09/2017

Pulses Today’s developments:

(No new developments today) Recent Developments that are still Influencing Markets:

(12 July-2019) Over all kharif pulses area is lagging behind by 25.16 % to 34.22 lakh ha as on 12th July -2019.Arhar area is down by 21.73 % to 12.44 lakh ha so far while normal as on date is 18.27 lakh ha. Even urad area is down by 25.71 % to 8.59 lakh ha against normal of 10.64 lakh ha till date. Moong area is down by 23.99 % to 10.58 lakh ha against the normal of 13.95 lakh ha till date. Kulthi sowing has just started and it running behind by 50.47 % to 0.10 while other pulses coverage is 39.45 % down to 2.51 lakh ha against normal of 6.16 lakh ha .However, with monsoon advancing in growing regions, sowing activities is likely to pick up in coming weeks and farmers will be able to cover the gap in coming weeks.

(10th July-2019) As per market source all pulses stock except chana is decreasing and supply side may be tight in the fourth quarter. Even Nafed has decreased chana stock in MP by 3.39 lakh MT. Its really surprising. Market experts are assuming that some of stocks have been shifted for PDS, mid-day meal and other welfare schemes. It may support pulses market in coming months.

(8th July-2019) NCDEX has launched Moong futures on8th July-2019.The moong traded on this exchange is unprocessed. The exchange has selected Merta City as main delivery centre while Nokha, Jodhpur and Sri Ganganagar would be other centres. In the beginning the contract would be for Aug, Sep-2019.

(4th July 2019) DGFT has removed the condition of adv. authorization for pulses import. This means now importers need not to have adv. authorization letter from DGFT for pulses import. DGFT has already increased tur import quota from 2 lakh MT to 4 lakh MT. Importers have to import 2 lakh MT before Oct. It has already impacted tur price in domestic market.

(03rd July 2019) Govt .has increased MSP of pulses for kharif season 2019-20.Increase is considered marginal. Kharif pulses include tur,moong and urad. For arhar, the increase was 2.2 per cent (RS125 per qtl.) from Rs 5,675 a quintal to Rs 5,800 per quintal. The MSP of moong was increased by 1.07 per cent (Rs 75 per qtl) from Rs 6,975 to Rs 7,050 a quintal while that of urad was increased by 1.78 per cent (Rs100 per qtl) from Rs 5,600 to Rs 5,700 a quintal.

(28th June 2019) DGFT has started issuing license to importers. Some applicants have already received it and the rest are in process of getting it soon. There is a condition for importers that they have to import it before Oct-2019.This means supply of Tur, Urad & Moong would increase in Aug, Sept and from October new crop (especially urad and moong) would start hitting the market amid continuous sale by Nafed. So any spike in pulses market is unlikely. Even pulses demand in monsoon season weakens.

Price & Arrival: Urad

State/District Market

Modal Price (Rs/Qtl)

Change

Arrivals (Qtl)

Change Source 16 July 2019

15 Jul 2019

16 July 2019

15 Jul

2019

Andhra Pradesh Guntur(Gota

Branded) 7700 7700 Unch NA NA - Agriwatch

Andhra Pradesh Vijaywada 6000 5900 100 2500 2000 500 Agriwatch


27/09/2017

Tamil Nadu Villupuram 5549 5519 30 2 4 - Agmarknet

Tamil Nadu Chennai 4350 4400 -50 NA NA - Agriwatch

Tur



Change

Arrivals (Qtl)


15 Jul 2019

16 July 2019

15 Jul

2019

Andhra Pradesh Yemmiganur NA NA - NA NA - eNAM

Andhra Pradesh Kurnool NA NA - NA NA - eNAM

Maharashtra Akola NA NA - NA NA - eNAM

Andhra Pradesh Vijayawada 5250 5250 Unch NA NA - Agriwatch

Moong



Change

Arrivals (Qtl)


15 Jul 2019

16 July 2019

15 Jul

2019

Rajasthan Jodhpur NA NA - NA NA - eNAM

Karnataka Gulbarga NA 5525 - NA 50 - Agmarknet

Madhya Pradesh Harda NA 5440 - NA 3548 - Agmarknet

Andhra Pradesh Vijayawada 6100 6000 100 200 200 Unch Agriwatch

Chana



Change

Arrivals (Qtl)


15 Jul 2019

16 July 2019

15 Jul

2019

Andhra Pradesh Kurnool NA 4331 - NA 27 - eNAM

Andhra Pradesh Yemmiganur NA NA - NA NA - eNAM

Madhya Pradesh Indore 4250 4200 50 1100 1000 100 Agriwatch

Rajasthan Bikaner NA NA - NA NA - eNAM

Chana at NCDEX

Contract Open High Low Close Change Volume O.Int

19-Jul 4303 4315 4290 4290 -26 80 1230

19-Aug 4309 4339 4301 4328 23 16530 134340

19-Sep 4341 4365 4329 4356 17 2690 18460

As on 16th July - 2019 at 5 pm Rs/Quintal


27/09/2017

Groundnut Recent updates:

(17.07.2019) As on 16thJune 2019 Nafed sold total 1580MT of K-17 and 1805MT of K-18 holdings respectively. It has disposed total 9.98 lakh tonnes of groundnut K-17 and holds remaining balance at 0.46 lakh tonnes so far in Gujarat market only. Nafed has sold total 3.63 lakh tonnes of groundnut K-18 and holds remaining balance at 3.54 lakh tonnes so far.

Developments that are still Influencing Markets:

(15.07.2019) As per recent released data by GOI, Total groundnut kharif sowing area all over the country is 20.24lakh ha. as on 12th July 2019 higher by 4.97 lakh ha. from 15.27 lakh ha. in previous year during the same period of time. Andhra Pradesh covered total 0.362 lakh hectares so far this season lower against previous year record i.e.1.725 lakh ha. on account of late arrivals of Monsoon in last weeks.

(15.07.2019) Farmers have sown 11.86 lakh ha. in Gujarat, 0.50 lakh ha. in Karnataka, 0.37 lakh ha. in Tamilnadu, 0.30 lakh ha. in Uttar Pradesh, 0.69 lakh ha. In Madhya Pradesh, Rajasthan 4.87 lakh ha, 0.046 lakh ha. in other parts of India. Lower sowing area reported so far at various states of India and shortage of quality seeds for sowing may support groundnut prices to rise.

(09.06.2019) Government agencies procured seed nuts at Rs. 7100 per quintal, where as they offered at Rs. 4260 per quintal after availing 40% discount to the farmers. A.P Oil fed has procured 17000 quintals of groundnut seeds from Karnataka. Agriculture department distributed 2.24 lakh quintals of Groundnut seeds to 1.96 lakh farmers since 15th June. 84% of the target has been achieved. Moreover, the total target of 3 lakh quintals will be completed by 15th July. If monsoon fails to deliver sufficient rains for groundnut sowing, alternate crops like Ragi would be first priority followed by castor, Jowar, gram etc.

(09.07.2019) Agricultural minister of Andhra Pradesh announced price subvention scheme of Rs.1500/qt to benefit Groundnut farmers in addition to the current market price of Rs.5000/qt to Rs.6500/qt on July 8th as Rythu Dinotsavam (farmers day).

(03.07.2019) As per SEA, the total Groundnut sown as on 28th June 2019 is about 9.18 lakh hectares has been reported compared to normal corresponding week is 4.40 lakh hectares. The major sowing area is reported from Gujarat 6.01 lakh hectares, Rajasthan 3.32 lakh hectares, Tamilnadu and Andhra Pradesh accounts 0.15 lakh hectares.

(

(25.06.2019) Area under cotton 10-15% is going to replace by groundnut due to delayed monsoon in Gujarat, moreover the state and central government policies for groundnut encouraged to cultivate more area under oilseeds.

(25.06.2019) (12.06.2019) As on 11thJune 2019, Nafed has procured 5.81 MT of Groundnut (Rabi -2019) in the district of Malkangiri of Odisha state. It procured total 130.76 MT at MSP price Rs. 4890 per quintal from 55 farmers.

(07.06.2019) As per 3rd advanced estimates, ministry estimates lower Indian groundnut crop (Kharif and Rabi) at 65.02 lakh tonnes for 2018/19 season against 92.53 lakh tonnes in 2017/18. Kharif groundnut crop size during 2018-19 is estimated at 51.53 lakh tonnes which is 29.7% lower than 75.95 lakh tonnes in 2017-18. Less rainfall at initial stage of crop and lower acreage are the main reason to cut output of Groundnut.


27/09/2017

(20.05.2019) Indian Oilseeds & Produce Export Promotion Council (IOPEPC) is planning to develop cluster-based production mainly for groundnut and sesame seed which will be pesticide-free. It is also targeting to cultivate other varieties of oilseeds to fulfil global demand as well. It focuses towards drip irrigation facilities so that monsoon dependency for better crop growth could be reduced. In the meeting, council can discuss the expected crop size of groundnut and sesame for Rabi 2019.

(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 504038 MT in last year during the same period of time. However, the shipment is higher by 26.290% as compared to 386594 MT in April to February 2019.

Price & Arrival: Groundnut

State/District Market Variety


Change

Arrivals (Qtl)

Change Source 16th July 2019

15th July 2019

16th July 2019

15th July 2019

Andhra Pradesh

Adoni 6949 6850 99 24 56 -32 NAM

Kadapa Local 5950 5546 404 78 219 -141 NAM

Kurnool NA NA NA NA NA NA NAM

Yemmiganur NA NA NA NA NA NA NAM

Rajkot NA 5050 NA NA 10 NA NAM

Telangana

Nagarkurnool NA NA NA NA NA NA NAM

Suryapeta NA NA NA NA NA NA NAM

Wanaparthy Town

NA NA NA NA NA NA

NAM


27/09/2017

Onion Today’s Development: (No Significant updates for today) Recent Developments that are still influencing the Market:

(13thJuly 2019) In Andhra Pradesh as on 10th July (second week) 2565 ha of area is sown compared to last year’s 4652 ha. Normal sown area by this time is 5989. Total targeted kharif area is 27482 ha.

(13th July 2019) In Kurnool, last year 4390 ha was sown as compared to this year’s only 2341 ha area has been sown.

(3rd July 2019) In Andhra Pradesh as on 3rd July 741 ha of area is sown compared to last year’s 1955 ha. Normal sown area by this time is 4311. The total targeted kharif area is 27482.

(3rd July 2019) In Kurnool, last year 1711 ha was sown as compared to this year’s only 566 ha area has been sown.

(2nd July 2019) In A.P, Kurnool contributes about 80-85% of the total sowing area. So far 515 Ha of area is sown as compared to last year’s 1569 ha due to late onset of monsoon.

(1st July 2019) In Andhra Pradesh, as on 26th June (third week), 666 Ha of area is sown compared to last year’s 1723 Ha. Normal sown area by this time is 2813 Ha. Total targeted kharif area is 27483 Ha.

(29th June 2019) In Karnataka the onion crop is coming in market from local region & Maharashtra which are contributing approximately 30% and 70% respectively.

(29th June 2019)The Maharashtra onions are fetching higher prices in the Bangalore market. (25th June 2019) In Lasalgaon prices are trading approximately Rs.1220 as compared to last

month Rs.960 during same week.

(25th June 2019) In Andhra Pradesh, as on 19th June (third week), 635 Ha of area is sown compared to last year’s 692 Ha. Normal sown area by this time is 1550 Ha. Total targeted kharif area is 27483 Ha.

(21st June 2019) In Maharashtra & Andhra Pradesh, Sowing may pick up the pace as the monsoon is expected in the coming few days.

Price and Arrivals in Major Markets Onion

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

Source 16-Jul-19 15-Jul-19 Change 16-Jul-19 15-Jul-19 Change

Gujarat Ahmedabad 1125 1150 -25 592 1000 -408 Agmarknet

Rajkot 1050 1000 50 140 130 10 Agmarknet

Karnataka Bangalore 1100 1100 Unch 1602 4312 -2710 Agmarknet

Belgaum NA 1000 - NA 97 - Agmarknet

Madhya Pradesh Indore 900 900 Unch 828 1254 -426 Agmarknet

Maharashtra Lasalgaon NA 1250 - NA 2000 - Agmarknet

Pune 1200 1300 -100 890 1100 -210 Agmarknet

Andhra Pradesh Kurnool NA 1360 - NA 3 - Agmarknet

Rajasthan Jaipur 1300 1350 -50 456 113 343 Agriwatch

Telangana Hyderabad 1450 1400 50 300 450 -150 Agmarknet


27/09/2017

Potato Today’s Development: (No Significant updates for today) Developments that are still influencing the Markets:

(10th July 2019) According to the trade sources, as on 9th July in north Bengal total 19.03% unloading of potato has been done.

(10th July 2019) According to the trade sources, in Bihar potatoes are arriving from locally and Uttar Pradesh the prices are 800/ quintal and 850/ Quintal respectively.

(3rd July 2019)-According to the trade sources in U.P. the prices are steady as the potato release

percent from storages is less as compared to last year and loading in cold stores is also higher

compared to last year. Prices are likely to remain steady for coming week.

(3rd July 2019)-According to the State government, total production in U.P is estimated to be 14.77

million tons from a total area of 6.10 lakh hectares.

(1st July 2019)-Potato prices in Agra are trading on lower side as compared to last year due to higher loading in cold storages.

(25th June 2019)-In west Bengal 17% potato has been released from cold storage from a total capacity of 70.62 lakh tons.

(25th June 2019)-According to the trade sources in U.P. the prices are steady as the percent released from storages is less as compared to last year. Prices are likely to remain steady for coming week.

(16th June 2019)-In West Bengal, loading in cold storage is completed and traders are expecting 85% capacity utilization this year from a total storage of 70.62 lakh tons. So far approximately 15% potato has been released.

(14th June 2019)-In potato most of the markets prices are trading on lower side compared to previous year’s prices because of higher storage in U.P compare to last year. Last year in U.P storage was approximately 111 lakh tons compared to 123 lakh tons this year.

(13th June 2019)- In most of the markets of UP potato prices are trading below three year average

price and are likely to trade on lower side for couple of weeks.

Price and Arrivals at Major Markets

Potato

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


Andhra Pradesh Palamaner NA NA - NA NA - NAM

Karnataka Bangalore 1200 1225 -25 1187 1961 -774 Agmarknet

Belgaum NA 1200 - NA 130 - Agmarknet

Gujarat Surat 1050 1050 Unch 625 640 -15 Agmarknet

Madhya Pradesh Indore 800 800 Unch 283 223 60 Agmarknet

Maharashtra Pune 1300 1350 -50 708 527 181 Agmarknet

Delhi Delhi 1103 1103 Unch 1433 71 1362 Agmarknet

Uttar Pradesh Agra 830 835 -5 1193 1170 23 Agmarknet


27/09/2017

Tomato

Today’s Developments: (No significant development today) Developments that are still influencing the Market:

(2nd July 2019) In Delhi, tomato from Himachal Pradesh is fetching high prices in between Rs 1400 to Rs 2000/ quintal. “Goli” variety of tomato is fetching lowest prices of Rs 200 to Rs 800/quintal.

(1st July 2019) In Delhi, tomato crop is coming in market mainly from Himachal Pradesh and smaller quantity from Uttar Pradesh and local region of Haryana.

(1st July 2019) All India tomato arrivals are comparatively lower than last year during same time because of which prices are firm in market.

(25th June 2019) In Madanapalle prices are trading near Rs.2310 compared to last week’s Rs.2414, as the arrivals have decreased in the last week.

(11th June 2019) Tomato current price are trading on higher side compared to three year’s seasonal average price in most of the markets because of lower crop size this year due to lesser water availability in producing regions.

(11th June 2019) In Andhra Pradesh, prices are trading on higher side because of lower arrivals from producing regions amid lower crop size. Prices are expected to come down slightly in coming week because of arrival of summer crop from Chitoor and Anantpur district.

( 6th June 2019) - In Madanapalle, prices have dropped down by Rs. 500 to Rs. 800/ quintal because of increase in arrivals from producing regions.

(3rd June 2019) - On Tuesday, prices have dropped down in few markets because of increase in arrivals from producing regions.

(1st June 2019) - Higher arrivals reported in most of the markets but prices are firm and likely to remain firm in most of the markets for coming weeks.

(30th May 2019) - In Andhra Pradesh, prices are trading on higher side because of lower arrivals

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

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

Price and Arrivals in Major Markets

Tomato

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


Andhra Pradesh

Mulakalacheruvu 2700 2000 700 29 32 -3 Agmarknet

Madanapalle NA 1400 - NA 332 - NAM

Kalikiri NA 3000 - NA 7 - NAM

Pattikonda NA NA - NA NA - NAM

Gurramkonda 1800 NA - 2 NA - NAM

Karnataka Chintamani NA 2200 - NA 821 - Agmarknet

Kolar 1933 2000 -67 1416 1465 -49 Agmarknet

Maharashtra Pune 1300 1600 -300 226 280 -54 Agmarknet

Delhi Delhi 2366 2366 Unch 628.7 270.8 358 Agmarknet

Telangana Bowenpally 3200 NA - 293.4 NA - Agmarknet


27/09/2017

Turmeric

Today’s Developments:

Till now in Maharashtra, Turmeric sowing completed around 60 – 65% due to lower rainfall. Sources revealed that, till now around 15 – 20% sowing area may go down, however final figure likely to come after 10 – 15 days.

In Maharashtra Sangli, Nanded and Basmat regions, Turmeric seed quality which are stored (on the field itself) for sowing purpose reported damaged by 10 - 15% due to dry weather.

In Maharashtra, rainfall during 01-06-2019 to 10-07-2019, in Marathwada region lower by 34% and in Madhya Maharashtra region rainfall departure lower by 13%.

Recent Developments that are still Influencing Markets:

In Andhra Pradesh, Telangana, Tamil Nadu, Turmeric sowing current year reported delay by 10 – 15 days due to delayed monsoon, in Andhra Pradesh sources revealed that area may go down current year, farmer may shift to Maize crop. Till now, turmeric sowing almost completed in AP and Telangana.

Prices & Arrivals

NCDEX:

Turmeric at NCDEX

Contract Change Open High Low Close Volume O.Int

July-19 +120.00 6064.00 6184.00 6184.00 6184 15 5

Aug-19 +136.00 7028.00 7274.00 6952.00 7136 9095 11475

Sep-19 +128.00 7100.00 7288.00 7006.00 7184 4470 6620

As on 16 July, 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 16-July-19 15-July-19 16-July-19 15-July-19

Andhra Pradesh

Duggirala Finger NA 4900 -

NA 180 - NAM Bulb NA 5080 -

Kadapa Finger 5625 5415 210

731 447 284 NAM Bulb 5750 5580 170

Telangana

Nizamabad Finger NA 6000 -

NA 225 - NAM Bulb NA 6047 -

Warangal Finger Closed 5850 -

NA 2275 - Agriwatch Round Closed 5650 -

Tamil Nadu

Erode Finger 6868 6622 246

372.7 701.4 -328.7 Agmarknet Bulb 5999 6000 -1


27/09/2017

Chilli


As per trade information, chilli cold storage stocks as on date (including old and new crops) in Guntur stood at 154,000 to 162,675 MT and in Andhra Pradesh around 216,000 to 225,000 MT according to various trade estimates. Current year cold storage stocks reported lower as carry forward stocks reported less.


Good domestic and export demand from Bangladesh, China, Malaysia, Sri Lanka reported at Guntur mandi.

Current year chilli sowing area may increase due to prevailing higher prices and expecting higher further due to lower cold storage stocks, however monsoon rainfall is crucial factor for chilli sowing area.

As per Agriwatch’s final production estimate, Red Chilli production for 2019-20 is estimated at 12.22 lakh MT. Previous year’s production was 10.50 lakh MT.

Prices & Arrivals

Red Chilli

State Market Variety Modal Price (Rs/Qtl)



Andhra Pradesh

Guntur Teja NA 11600 - NA 1138 - NAM

334 NA 9900 - NA NA - NAM

Telangana Khammam Red 6000 6000 Unch 94 88 6 Agmarknet

Warangal Talu NA NA - NA NA - Agmarknet


27/09/2017

Maize


In Ahmedabad region of Gujarat, poultry feed makers quoted maize down by Rs. 10 per quintal

to Rs. 2250 per quintal while starch feed makers quoted it steady at Rs. 2300 per quintal

compared to previous day.


In U.S, Corn has been silked 17% as of 14th July, 2019 which is lower by 42% compared to last

year and 25% from last 5 year average period. 58% crop of Corn is in good to excellent condition

which is up by 1% compared to previous week.

As per trade source, in Nizamabad, stock of maize could be around 5000 MT which was 8000 MT

during corresponding period last year. Maize is moving towards Hyderabad at Rs. 2500 per

quintal; soured from Nizamabad.

In India, maize has been sown in around 40.47 lakh hectares as on 10th July’19 which is lower than 41.59 lakh hectare covered during corresponding period last year. In Karnataka, it has been sown in 3.54 lakh hectare which is lower than 7.65 lakh hectare covered during corresponding period last year. In M.P, maize has been sown in around 9.27 lakh hectares which is lower than 9.85 lakh hectares covered during corresponding period last year. However, in Rajasthan, maize has been sown in around 8.44 lakh hectares which is higher than 5.06 lakh hectares covered during corresponding period last year. In Telangana, it has been sown in 1.66 lakh hectare which is higher than 1.32 lakh hectare covered during corresponding period last year. In A.P, maize has been sown in around 0.145 lakh hectares as on 10th July’19 which is lower than 0.356 lakh hectare covered during corresponding period last year. Maize crops are at sowing to vegetative stage.

USDA increased its world corn ending stock estimates by 8.40 MMT to 298.92 MMT for 2019/20

compared to previous month due to increase in production estimates for 2019/20. Corn ending

stock estimates for U.S also increased due to increase in production estimates while for Ukraine,

it increased its corn ending stock estimates only 0.015 MMT to 1.232 MMT compared to

previous month but lower by 0.38 MMT compared to last year estimates.

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.

As per trade sources, India imported around 74,378 MT of maize for the month of May’19. Out

of which, around 72,225 MT was imported from Ukraine for the Kandla port at an average value

of $203.28/ MT.

As per trade sources, India exported around 35,016 MT of maize for the month of May’19 at an

average FoB of $288.95/ MT. Indian maize is exported mainly to Nepal mainly through Raxaul

followed by Jogbani ICD and Sonauli ICD port.

The Government has given its approval to increase the MSP of Maize by Rs. 60 per quintal to Rs.

1760 per quintal for kharif season of 2019-20.


27/09/2017

Prices & Arrivals:

Maize

State/ District

Market Grade Modal Price (Rs./Qtl)



Telangana Nizamabad Bilty Closed 2350 - Closed 2000 - AGRIWATCH

Bihar Gulabbagh Bilty 2150 2100 50 NA NA - AGRIWATCH

Karnataka Davangere Bilty 2350 2350 Unch 1000 1000 Unch AGRIWATCH

Delhi Delhi Loose 2075 2100 -25 NA NA - AGRIWATCH

Andhra Pradesh

Kurnool Loose NA NA - NA NA - ENAM

*Difference between current and previous day’s prices.


27/09/2017

Sugar


Indian sugar prices showed steady trend in almost all over markets on Tuesday. The prices are expected to remain steady to low for coming few days due to less demand and higher sales quota as per the consumption.

Kolhapur sugar market price stood same at Rs.3100 and khatauli market prices at Rs. 3250.

India is likely to continue the export subsidies on sugar even after Brazil, Guatemala and Australia lodged complaint at WTO as it is against the global trade practices. Export subsidies are important so as to clear increase the shipment of sugar and thus helping in reducing the rising sugar inventories.

Today’s Developments that are still Influencing Markets:

(16th July 2019) According to the ministry, India has huge potential of manufacturing ethanol as in 2018, country's ethanol market was of Rs 11,000 crore and this year it will probably go up to Rs 20,000 crore. The government has decided to proceed with a phase wise approach to achieve this target. The first generation of ethanol is expected to be produced from molasses, second generation will be from sugar cane juice and the third generation of ethanol will be generated from biomass. The government wants to accelerate the use of ethanol as fuel and also requested the petroleum ministry to start giving permission for setting up of ethanol pumps. This step will encourage the sugar mills to divert the sugar production to ethanol production from next year and would help clearing the sugar stockpiles in India.

(15th July 2019) Sugarcane acreage in the latest report released by Ministry of Agriculture as on 11th July’19 stood same at 49.98 lakh hectare 3.96% lower compared to last year in the same period (52.04 lakh ha) whereas ahead by 3.51% compared to normal area of the corresponding week. The crop condition is average but the deficient rainfall in the coming weeks would affect the crop adversely on yield.

(13th July 2019) Severe drought circumstances has reduced the total sugar production estimates to 13 million tonnes in Thailand around 7% reduction is expected compared to this year (2018-19). Sugarcane output is expected to decline about 8% to 120 million tonnes in 2019-20 season which will start from Nov’19 due to scanty rainfalls and decreased acreage compared to 130.9 million tonnes of cane in 2018-19. But it is highly dependent on rainfall whether the output would increase or decrease.

(12th July 2019) The Brazilian real rallied to a 3-1/2 month high against the dollar on Wednesday, which discourages export selling by Brazil’s sugar producers. Sugar prices also have support from reduced sugar output in Brazil, the world's biggest sugar producer, after Unica reported Wednesday that Brazil's 2019/20 Center-South sugar production through June fell -8.9% y/y to 8.905 MMT.

(10th July 2019) According to All India Sugar Trade Association, the Central Government should introduce dual MSP where Central Northern states MSP to be higher than that of Central Southern states or Maharashtra State Government gives transport subsidy for the difference of transportation cost which can enable Maharashtra to sell the allotted quota allotted every month.

(10th July 2019) Since Oct’18 to May’19, the Central Government has allocated 60.50 LMT to sugar mills in Maharashtra and mills are able to sale only approximately 46 LMT failing to sell 14 LMT and hence falling short of cash liquidity worth Rs. 4350 crores. There is excess transportation


27/09/2017

cost difference of Rs.1800 to Rs.2000 per MT which Maharashtra seeks help from the Government.

(8th July 2019) Kharif sowing of sugarcane crop was delayed in key growing states like Maharashtra, Karnataka. The total Kharif planting reached 49.98 lakh hectare as on 4th July’19, 1.66 lakh ha higher than last week and down by 1.43 lakh ha compared to previous year (51.41 lakh ha) in 2018-19 season.

(5th July 2019) Kisan Cooperative Sugar Mill from Uttar Pradesh has got permission from Central government to export 59,000 quintals sugar to Sri Lanka. The government is planning over framing new sugar export policy to reduce surplus and address the concerns of the glut in sugar industry.

(4th July 2019) Kharif sowing of sugarcane crop was delayed in key growing states like Maharashtra, Karnataka. The total Kharif planting reached 49.81 lakh hectare as on 28th June’19 down by 1.46 lakh ha compared to previous year (50.68 lakh ha) in 2018-19 season. It is expected to pick up the pace due to onset of monsoon in major growing states and the revival of standing sugarcane crop is now on positive side.

Prices

Sugar (M grade)

State/ District Market

Modal Price (Rs /Qtl)

Change Source 16 July-19 15 July-19

Maharashtra Kolhapur 3100 3100 Unch AW

Uttar Pradesh Khatauli 3250 3250 Unch AW

Andhra Pradesh Vijayawada 3560 3560 Unch AW

Delhi Delhi 3260 3190 70 AW


27/09/2017

Cotton Today’s Developments:

Cotton prices expected to be bearish as there is less demand and imports are also in sluggish mode. Moreover, in almost most of the markets arrivals have been ended.

Recent Developments that are still Influencing Market:

(16th July 2019) CAI estimates the cotton production likely to decline further by 3 lakh bales in the current season (2018-19). According to CAI, the arrivals of 303.56 lakh bales upto 30th June 2019, imports of 11.28 lakh bales upto 30th June 2019 and the opening stock at the beginning of the season on 1st October 2018 at 33 lakh bales. CAI has estimated cotton consumption during the months of October’18 to June’19 at 243.12 lakh bales while the export shipment of cotton estimated by the CAI upto 30th June 2019 is 44.10 lakh bales.

(15th July 2019) According to the latest report released by USDA, indicates India may produce 37.14 million bales cotton in the coming season 2019-20 which is 9.43% higher than previous year’s estimates of 33.94 million bales in 2018-19 with an ending stock of 10.56 million bales. Similarly, yield is also expected to increase to 508 kg/ha 9.33% higher than 458kg/ha in 2018-19. All these conditions are predicted under normal rainfall conditions as India got above average rainfall in the second week of July.

(15th July 2019) Cotton acreage in the latest report released by Ministry of Agriculture as on 11th July’19 stood at 77.71 lakh hectare 0.2% higher compared to last year in the same period which stood at 77.5 lakh. The slight increase in area this year is due to delayed monsoon, competitive crops are being replaced by cotton in some areas.

(13th July 2019) India receives 28% above average rainfall this week especially in cotton growing area of central India which was very important for the vegetative growth of cotton in its initial growth. The cotton crop in India needs average or above average rainfall in the coming weeks so as for the good health of the crop. But according to the latest report released by IMD, reveals that in the coming next two weeks the rainfall is expected to be below normal in India which seems to be very crucial for kharif growing crops for its initial vegetative phases. As in many cotton growing regions, the seedling are in need of water for proper germination.

(11th July 2019) According to the latest US crop progress report week ending 7th July’19, 47% of the crop is squaring although less than last years’ progress which was 57% in the same time. The condition of the crop seems good with warming temperatures suitable for the development of the crop. Possibility for the positive impact on the yield of the crop in 2019-20 season.

(10th July 2019) As on 8th July’19, Telangana covered the cotton total area of 8.80 ha and slightly ahead from last year area which stood at 8.79 ha. This year the cotton area in Telangana is going to increase by 2-3% from last year due to less water availability which is encouraging farmers to switch from growing rice this season.

(8th July 2019) As on 4th July’19, the total cotton area of 45.85 lakh ha has been reported sowing in India, 18.77 lakh ha higher than previous week (27.08 lakh ha) and 16.02% less against the previous year of 54.59 lakh ha in 2018. Higher area is reported from Haryana (6.76 lakh ha), Punjab (4.02 lakh ha) and Gujarat (14.35 lakh ha), whereas, less area is reported from Maharashtra (4.56 lakh ha), Telangana (7.89 lakh ha), AP (0.43 lakh ha), Tamil Nadu, Karnataka.

(5th July 2019) US nearby demand has come to a standstill as the exports has been in sluggish mode and continuous cancellation of shipments from China and Argetina. China is likely to procure US cotton or reserve US cotton into state warehouses. In short run, price spread between domestic and foreign cotton is still likely to narrow.


27/09/2017

(4th July 2019) The cabinet committee on Economic Affairs (CCEA) has announced MSP for 2019-20 kharif crops. Medium staple cotton is raised by Rs.105 to Rs.5255/quintal and long staple cotton increased by Rs.100 to Rs.5550/quintal. This move of the government would encourage farmers to plant more cotton compared to its competing crops for the coming cotton season.

Prices:

Cotton

State/ District Market

Modal Price (Rs /Qtl)

Change

Arrivals (Qtl)


Gujarat Rajkot Closed 6200 - Closed 230 - Agriwatch

Andhra Pradesh Adoni

5911 6050 -139

272 618 -346 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


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

July 1-15 palm oil exports rose 0.4 percent to 658,182 tons compared from 655,777 tons in

corresponding period last month. Top buyers were India at 165,075 tons (143,084 tons),

European Union 133,910 tons (123,200 tons), China at 65,290 tons (88,800 tons), Pakistan at

39,000 tons (0 tons) and United States at 26,200 tons (71,280 tons). Values in brackets are

figures of corresponding period last month.

(16 July 2019)- Palm oil import scenario – According to Solvent Extractors Association (SEA),

palm oil imports in June rose 40.78 percent y-o-y to 6.87 lakh tons from 4.88 lakh tons in June

2019. Imports in the oil year 2018-19 (November 2018-June 2019) are reported higher by 9.50

percent y-o-y at 60.86 lakh tons compared to 55.58 in corresponding period last oil year.

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

(SEA), CPO Imports rose 38.03 percent y-o-y in June to 4.21 lakh tons from 3.05 lakh tons in June

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

y-o-y at 41.67 lakh tons compared to 41.72 lakh tons in corresponding period last oil year.

(16 July 2019)- RBD palmolein import scenario- RBD palmolein imports rose y-o-y in June 44.63

percent to 2.56 lakh tons from 1.77 lakh tons in June 2018. Imports in oil year 2018-19

(November 2019-June 2019) were reported higher by 38.86 perecent y-o-y at 18.26 lakh tons

compared to 13.15 lakh tons in corresponding period last oil year.

(16 July 2019)- According to Indonesia Palm Oil Association (GAPKI), exports of palm oil (CPO

and PKO) from Indonesia rose 12.0 percent in May y-oy to 2.40 MMT from 2.14 MMT in May

2018. Exports of palm oil (CPO and PKO) rose 18 percent m-o-m in May at 2.40 MMT compared

to Apr 2019 at 2.03 MMT. Stocks of palm oil in May 2019 rose to 3.53 MMT from 2.43 MMT in

Mar.

(15 July 2019)- According to United States Department of Agriculture (USDA) July estimate,

India’s 2019/20 palm oil imports estimate have been reduced to 9.75 MMT from 10.75 MMT in

its earlier estimate, lower by 9.3 percent. Palm oil consumption have been lowered to 9.925

MMT from 10.925 MMT in its earlier estimate, lower by 9.15 percent. Further, palm oil import

estimate of 2018/19 have been reduced to 9.5 MMT from 10.5 MMT in its earlier estimate,

lower by 9.5 percent. Consumption of palm oil have been lowered to 9.6 MMT from 10.6 MMT

in its earlier estimate, lower by 9.4 percent.

(9 July 2019)- According to Malaysia Palm Oil Board (MPOB), Malaysia’s June palm oil stocks fell

0.97 percent to 24.24 lakh tons compared to 24.47 lakh tons in May 2019. Production of palm oil

in June fell 9.17 percent to 15.18 lakh tons compared to 16.72 lakh tons in May 2019. Exports of

palm oil in June fell 19.35 percent to 13.83 lakh tons compared to 17.15 lakh tons in May 2019.

Imports of palm oil in June rose 63.86 percent to 1.01 lakh tons compared to 0.62 lakh tons in

May 2019. End stocks of palm oil fell less than trade expectation on lower exports and higher

imports of palm oil.


27/09/2017

(9 July 2019)-Import duty on palm stearin will be taxed at 7.5 percent, according to Finance

Minister Nirmala Sitaraman in her first budget. Palm product with Free Fatty Acid (FFA) at or

above 20 percent is subject to import duty. Palm stearin is used in various industrial applications

including soaps. India imported palm stearin from Malaysia and Indonesia. Indian industry was

asking for long to increase import duty on palm stearin which decreased refining margins of

palm oil. This step will help Indian palm oil refiners.

(1 July 2019)-According to Indonesia trade ministry, Indonesia kept July crude palm oil export

duty unchanged at zero. The reference price is set at USD 542.45 per ton, much lower than

lower threshold for export duty and below threshold of USD 570 to calculate export levy.

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

(24 June 2019)-According to Malaysia Palm Oil Board (MPOB), Malaysia kept July crude palm oil

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

1970.44 ringgit ($474.69) per ton. Tax is calculated above 2,250 ringgit starting from 4.5 percent

to a maximum of 8.5 percent.

Prices:

Palm Oil Prices (In Rs./ 10 Kg)

State/District Market 16 July 2019 15 July 19 Change Source

Crude Palm Oil (FFA 5%)

Gujarat Kandla 493 496 -3 Agriwatch

Andhra Pradesh Krishnapatnam 485 488 -3 Agriwatch

RBD Palmolein

Gujarat Kandla 565 560 5 Agriwatch

Andhra Pradesh Kakinada 560 555 5 Agriwatch

Andhra Pradesh Krishnapatnam 550 547 3 Agriwatch


Futures prices of CPO at MCX:

Palm Oil at MCX

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

31-Jul-19 497.60 502.00 496.60 501.00 2.90 1016 3902

31-Aug-19 499.00 505.10 499.00 504.10 3.50 915 3371

30-Sep-19 503.00 506.50 503.00 505.20 3.10 31 227

As on 16-July-2019 at 9 pm Rs/10 Kg


27/09/2017

Sunflower oil Today’s Developments:



(16 July 2019)-Sunflower oil imports scenario- According to Solvent Extractors Association (SEA),

Sunflower oil imports fell 26.70 percent y-o-y in May to 1.62 lakh tons from 2.21 lakh tons in

June 2018. Imports in oil year 2018-19 (November 2018-June 2019) were reported lower by

12.67 percent y-o-y at 16.34 lakh tons compared to 18.71 lakh tons in corresponding period last

oil year.

(15 July 2019)-According to United States Department of Agriculture (USDA) July estimate,

India’s 2019/20 sunflower oil import estimate have been raised to 26.5 lakh tons from 24.5 lakh

tons in its earlier estimate, higher by 8.16 percent. Sunflower oil consumption have been raised

to 27.5 lakh tons from 25 lakh tons in its earlier estimate, higher by 10 percent. Further, India’s

2018/19 sunflower oil import estimate have been raised to 26 lakh tons from 24 lakh tons in its

earlier estimate, higher by 8.33 percent. Sunflower oil consumption have been raised to 28.5

lakh tons from 26 lakh tons in its earlier estimate, higher by 9.62 percent.

(9 July 2019)-Sunflower oil premium over soy oil in CNF markets have decreased to $122 per ton

from $98 per ton last week and premium in domestic markets have reached to 60 per 10 kg, up

Rs 33 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has

increased to Rs 245 per 10 kg Rs 210 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.

(28 June 2019)-Sunflower oil premium over soy oil in CNF markets have decreased to $98 per

ton from $77 per ton last week and premium in domestic markets have reached to 33 per 10 kg,

up Rs 20 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has



prices.

(21 June 2019)-Sunflower oil premium over soy oil in CNF markets have decreased to $77 per

ton from $43 per ton last week and premium in domestic markets have reached to 20 per 10 kg,

up Rs 12 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has



prices.

Prices:

Sunflower Oil Prices (In Rs./ 10 Kg)


Tamil Nadu Chennai 810 810 Unch Agriwatch

Andhra Pradesh Krishnapatnam 800 800 Unch Agriwatch

Andhra Pradesh Kakinada 800 800 Unch Agriwatch


27/09/2017


Groundnut oil

Today’s Developments



(28 Jun 2019) Groundnut oil prices are expected to be supported by weak supply prospects and

firm demand. Supply of groundnut oil has decreased due to lower auction of groundnut by

NAFED as it is quoting higher prices at auction. This has led to lower supply of groundnut oil

supporting prices. Further, demand has firmed in expectation of low supply prospects.

In Andhra Pradesh prices are supported due to peak demand season. Demand will remain firm

until July as demand from pickle manufacturers, chatni and other value added products pick up

during this period.

(21 Jun 2019) Groundnut oil prices are expected to be underpinned by fall in demand due to rise

in prices of groundnut oil and high volatility in prices. Groundnut oil prices surged in very short

interval denting demand. Retail demand waned due to high volatility in prices. Higher volatility

in prices leads to weakening of demand.

In Andhra Pradesh groundnut price are expected to be supported by peak season demand.

Demand in Andhra Pradesh generally firms between May-July on account of higher demand

from pickle manufacturers, chatni and other value added products.

(7 Jun 2019) Groundnut oil prices are supported by firm demand. Retail demand has firmed due

to expectation of rise in prices of prices which has led to preponing of demand. NAFED is

aggressively disposing groundnut stocks. Total progressive purchase in 2018 was 7.03 lakh tons

while carryover stocks of 2017 was 3.6 lakh tons. So total stock was 10.73 lakh tons. At present

total stock with NAFED is 5.98 lakh tons. With aggressive sale of NAFED, end stocks with NAFED

at the end of the season will be less than 2 lakh tons.

In Andhra Pradesh groundnut price are supported by peak season demand. Demand in Andhra

Pradesh generally firms between May-July on account of higher demand from pickle

manufacturers, chatni and other value added products

Prices:

Groundnut Oil Prices (In Rs./ 10Kg)


Gujarat Rajkot 1200 1150 50 Agriwatch

Telangana Hyderabad 1050 1050 Unch Agriwatch

Tamil Nadu Chennai 1030 1050 -20 Agriwatch



27/09/2017

Rice


No major developments

Recent Developments that are still influencing the Markets:

(12th Jul 2019) As per the ministry of Agriculture, Kharif Rice acreage as on 12th July 2019 has declined by 11 per cent at 97.77 lakh hectares as compared to 109.88 lakh hectares same period & down by 19.4% from normal area as on date of 121.3 lakh hectares.

(10th Jul 2019) The total procurement by FCI for Rice KMS 2018-19 stood at 437.51 lakh tonnes much higher than 381.84lakh tonnes in previous year due to higher production estimate, procurement is higher this year as compare to last year. As on 8th July’19, highest procurement of 113.34 lakh tonnes was in Punjab followed by Telangana & AP procuring 51.86 lakh tonnes and 45.65 lakh tonnes respectively.

(8th Jul 2019) Government has offered 237290 tonnes of rice in OMSS until fourth tender in June’19 out of which 218690 tonnes was sold. State government bought 218690 tonnes of rice whereas no sales happened among bulk consumers. In the month of June’19, government has sold 111000 tonnes of wheat against offered quantity of 190100 tonnes.

(4th Jul 2019) The Government has announced to increase the MSP of normal grade paddy by

65 rupees to 1815 and 'A' grade Paddy MSP of 1835 rupees per quintal. MSP increased in

paddy, not according to expectation. The government does not want to encourage paddy

sowing to see the water crisis. Increasing the MSP will not affect the prices of paddy.

(4th Jul 2019) The beneficial policies and schemes of the Telangana government are coming out

with great meaning. There is a tremendous increase in paddy production and government

procurement. During the marketing season of 2018-19, the total government procurement of

paddy in Telangana rose to new record level of 77.41 lakh tonnes, which was 23.43 lakh tonnes

more than the total procurement of 2017-18 season from 53.98 lakh tonnes.

(26th Jun 2019) Iran Govt Approves Rice Cultivation Restrictions Due to Water Shortage Iran

Gov't Approves Rice Cultivation Restrictions Due to Water Shortage: Restrictions will be

imposed on rice cultivation in Iranian provinces other than the two northern provinces of Gilan

and Mazandaran. According to deputy agriculture minister for water and soil affairs, the

decision has been made by the Cabinet and conveyed to provinces across the country for

implementation.

(25th Jun 2019) To save Basmati export to Europe, USA and Arab countries, Punjab, which is

highest user of fertilisers and insecticides per hectare in the country, much above the national

average, has launched a ‘pesticide-free’ Basmati campaign in the state. Basmati exporters and

Basmati growers in the state are now working together to use fewer pesticides in order meets

the new guidelines of the European Union (EU) and other countries regarding the Basmati

import from India. This effort is to achieve total compliance with EU Maximum Residue Level

(MRLs). The Department of Agriculture, through its network of field officers, would recruit fresh

agriculture graduates to fan out to all the Basmati clusters in the state and directly remain in

touch with the farmers.

(24th Jun 2019) NCDEX will start the futures trading of Mung and basmati from July 1, NCDEX has

sought approval from SEBI to launch futures trading in Tur and Urad.


27/09/2017

(19th Jun 2019) In order to reduce the growing stock of food-grains in the country, the Finance

Ministry has proposed to the Food Ministry to give additional 2 kg of rice 2 kg wheat per month

under National Food Security.

Prices & Arrivals

Rice

State/ District

Market Variety Modal Price (Rs /Qtl)


Change Source

16-Jul-19 15-Jul-19 16-Jul-19 15-Jul-19

CHHATTISGAR

H

BALOD PADDY-SWARN

A MASOO

RI

1520 1520 20 420 500 -80 E-nam

CHHATTISGAR

H

BHATAPARA

PADDY-HMT

2050 2050 20 620 800 -180 E-nam

CHHATTISGAR

H

BALOD PADDY 1001

1720 1720 80 350 400 -50 E-nam

TELANGANA

BADEPALLY

Paddy RNR

1720 1720 10 180 200 -20 E-nam

TELANGANA

MAHBUBNAGA

R

RNR 1800 1800 unch 200 220 -20 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

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