AP Daily Commodities Outlook Report 2019-05-14 · 2019. 5. 15. · Daily th import DGFT has received more than 6000 applications for import. It June-2019. So it was clear that import

Pulses

Today’s developments:

(No new developments today)

Recent Developments that are still Influencing Markets:

• (13 May 2019)In case of tur

would be examined on 11th

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

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

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

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

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

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

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

Even in Myanmar there is not much stock of small and bold urad. Curr

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

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

bulk users has started improving now.

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

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

the amount of Rs 1 lakh. If all applications are accepted, imp

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

quantity for applicants.

● (08 May 2019) Procurement agencies have procured total 261953.94 MT chana till 7

2019.Out of total procurement Madhya Pradesh has contributed 165013.46 MT. Rajasthan has

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

Maharashtra, Gujarat and AP have contributed 9298.37, 8674.44 & 329.10MT respectiv

Procurement in UP and Karnataka is yet to begin.

● (07 May 2019)Slight recovery was seen in

motors. It was traded at Rs4350

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

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

procurement drive and lower crop size this year. Chana cash marke

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

● (07 May 2019)Moong may trade lower despite ongoing procurement drive. In Jaipur market it is

being traded at Rs 6300 .It may extend it loss further b

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

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

the near term. However, m

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

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

trade firm again in the medium t

qtl. Overall tone remains firm.

Daily

(No new developments today)


tur import DGFT has received more than 6000 applications for import. It th June-2019. So it was clear that import is not possible before July. After

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

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



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

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


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



bulk users has started improving now.

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


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


Procurement agencies have procured total 261953.94 MT chana till 7

t of total procurement Madhya Pradesh has contributed 165013.46 MT. Rajasthan has


Maharashtra, Gujarat and AP have contributed 9298.37, 8674.44 & 329.10MT respectiv

Procurement in UP and Karnataka is yet to begin.

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

motors. It was traded at Rs4350-4400.As demand remains subdued despite Ramdan being at hand,

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


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

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

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

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



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

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


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

qtl. Overall tone remains firm.

Daily Price Monitoring Report

14th May 2019

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

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

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

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



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


ent demand from Pakistan



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


ort would not be beneficial. Right now


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

t of total procurement Madhya Pradesh has contributed 165013.46 MT. Rajasthan has


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

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

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

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


t is expected to trade steady to

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

y Rs200 as demand at higher level has



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


erm. In Gulberga market tur is being traded at Rs5400-5500 per

● (07 May 2019)Uradis likely to trade steady to slightly firm as supply demand side seems balanced

while stockists are unwilling to release stock hoping higher pri

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

the year. FAQ urad in Mumbai market is being traded at Rs 4400

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

● (06 May 2019)Nafed has procured 2.70 lakh MT tur,1.61 lakh MT chana,4 thousand MT masur and

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

Karnataka,70 thousand tonne in Telangana5

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

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

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

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

eased supply side may restrict chana to move up further in the short term. T

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

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

holds 10 lakh MT as buffer stock, there would be sti

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

● (26Apr 2019)Tur import quota for private trade has been fixed at 2 lakh MT. In addition to this

govt. would import 1.75 lakh MT tur

2019.This means total import would be around 3.75 lakh MT this year. Despite import, lower crop

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

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

hints market to move up.

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

better kharif crop have improved. Even Australia

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

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

likely spike in food grains market.

Price & Arrival:

State/District Market

Andhra Pradesh Guntur(Gota

Branded)

Andhra Pradesh Vijaywada

Tamil Nadu Villupuram

Tamil Nadu Chennai

Daily

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

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


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

irm tone may prevail in cash market in the near term.

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


tonne in Telangana53000 MT in Maharashtra,30,000 MT



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

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

eased supply side may restrict chana to move up further in the short term. T



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


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

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



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

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

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

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


food grains market.

Urad

Modal Price (Rs/Qtl)

Chang

e

Arrivals (Qtl)

13 May

2019

11 May

2019

13

May

2019

11

May

2019

Guntur(Gota 8000 7900 100 NA NA

6100 6000 100 3000 2000

5750 NA - 20 NA

4875 4700 175 NA NA


14th May 2019

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

ce in the medium term. No new big in


4450 and in Chennai at Rs 4500-

irm tone may prevail in cash market in the near term.

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


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



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

4400. Weak demand amid

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



ll marketable surplus of 7 lakh MT. It would cap


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

from African countries this year, starting from 1st April-



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

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

n weather department has changed its forecast

Nino impact would be for a


Arrivals (Qtl)

Chang

e Source

11

May

2019

NA - Agriwatch

2000 1000 Agriwatch

NA - Agmarkne

t

NA - Agriwatch


Andhra Pradesh Yemmiganur

Andhra Pradesh Kurnool

Maharashtra Akola

Andhra Pradesh Vijayawada


Rajasthan Jodhpur

Karnataka Gulbarga

Madhya Pradesh Harda



Andhra Pradesh Kurnool

Andhra Pradesh Yemmiganur

Madhya Pradesh Indore

Rajasthan Bikaner

Chana at NCDEX

Contract Open

19-May 4481

19-Jun 4520

19-Jul 4586

As on 13 May - 2019 at 5pm

Daily

Tur


Chang

e

Arrivals (Qtl)

13 May

2019

11 May

2019

13

May

2019

11

May

2019

Yemmiganur NA NA - NA NA

5426 5380 46 8 9

5775 5650 125 53 209

5450 5400 50 NA NA

Moong


Chang

e

Arrivals (Qtl)

13 May

2019

11 May

2019

13

May

2019

11

May

2019

5958 5840 118 13 17

5840 5385 455 17 30

NA NA - NA NA

6100 6000 100 1000 200

Chana


Chang

e

Arrivals (Qtl)

13 May

2019

11 May

2019

13

May

2019

11

May

2019

4350 4090 260 40 3

Yemmiganur 4230 NA - 4 NA

4450 4450 Unch 1000 1200

NA NA - NA NA

High Low Close Change Volume

4525 4456 4482 1

4578 4507 4537 3

4629 4560 4588 2

2019 at 5pm


14th May 2019

Arrivals (Qtl)

Chang

e Source

11

May

2019

NA - eNAM

-1 eNAM

209 -156 eNAM

NA - Agriwatch

Arrivals (Qtl)

Chang

e Source

11

May

2019

17 -4 eNAM

30 -13 Agmarkne

t

NA - Agmarkne

t

200 800 Agriwatch

Arrivals (Qtl)

Chang

e Source

11

May

2019

37 eNAM

NA - eNAM

1200 -200 Agriwatch

NA - eNAM

Volume O.Int

10430 11920

71330 140120

9140 31190

Rs/Quintal

Groundnut

Current Developments: • As on 10th May 2019, Nafed sold total groundnut K

respectively in India. It has disposed total

balance at 197538.25 MT so far in

167583.07 MT of groundnut K

Recent Developments that are still Influencing Markets:• (30.04.2019)As per APEDA data, groundnut shipment reported lower by 3.13% to 488233 MT

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

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

386594 MT in April to February 2019.

• (23.04.2019)As per sources, National Agriculture Bank

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

theMana Vittanam Kendras

‘foundation seed’ for the groundnut farmers in the d

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

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

Foundation seed will hel

season.

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

(Kharif and Rabi) at 69.70 lakh tonnes for 2018/19 season against 82.17 lakh tonnes in 2

Kharif groundnut crop size

17.74% than the production of 66.15 million tonnes in

rainfall at initial stage of crop and lower acreage are the m

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

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

sowing area for this season.

• (15.02.2019) As per recent ministry report, total

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

recorded at 0.58 lakh hac. in this year

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

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

groundnut production is estimated at 1.49 lakh ton

Daily

May 2019, Nafed sold total groundnut K-17 & K-18 at 1148.65

respectively in India. It has disposed total 847164.41 MT of groundnut K-

MT so far in Gujarat market only. Additionally, Nafed has

MT of groundnut K-18 and holds remaining balance at 535193.73

Recent Developments that are still Influencing Markets: As per APEDA data, groundnut shipment reported lower by 3.13% to 488233 MT

2019 amounting total Rs. 3296 crores as compared to


386594 MT in April to February 2019.

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

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

Kendras (formed by farmers) have planned and moving forward to produce

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



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

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

(Kharif and Rabi) at 69.70 lakh tonnes for 2018/19 season against 82.17 lakh tonnes in 2

Kharif groundnut crop size during 2018-19 is estimated at 54.41 lakh tonnes which is lower by

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

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

) We expects AP groundnut crop size at 4.21 lakh metric tonnes for 2018/19 season

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

for this season.

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


t 0.58 lakh hac. in this year lower than 0.85 lakh hac. in the previous year.

In the second advanced estimates AP has downward revised the Kharif production

estimate of GN to 3.29 lakh tons as against 4.05 lakh tons in 1stAdvanced estimates. Rabi

groundnut production is estimated at 1.49 lakh tons.


14th May 2019

.65 MT and 1189.59 MT

-17 and holds remaining

market only. Additionally, Nafed has sold total

35193.73 MT so far.

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

2019 amounting total Rs. 3296 crores as compared to 504038 MT in last year


for Rural Development & Department of

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

(formed by farmers) have planned and moving forward to produce

istrict under the ‘Community Managed Seed



p farmers to produce their own groundnut seed for Rabi and Kharif

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

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

19 is estimated at 54.41 lakh tonnes which is lower by

Advance Estimates of 2017-18. Less

ain reason to cut output of Groundnut.

c tonnes for 2018/19 season

tonnes as farmers covered the lower

groundnut area in India has been reported


. in the previous year.

In the second advanced estimates AP has downward revised the Kharif production

Advanced estimates. Rabi

Price & Arrival:


Andhra

Pradesh

Adoni

Dharmavaram

Gooti

Guntakal

Kadapa

Kadiri

Kalyandurg

Kurnool

Madakasira

Penukonda

Piler

Rayachoti

Srikalahasti

Tenakallu

Yemmiganur

Gujarat

Bhavnagar

Deesa

Jamnagar

Rajkot

Telangana

Nagarkurnool

Suryapeta

Tandur

Wanaparthy

Town

Daily

Groundnut

Variety

Modal Price

(Rs/Qtl)

Change

Arrivals (Qtl)

13-

May-

19

11-

May-

19

13-

May-

19

5436 5870 -434 4

Local NA NA NA NA

Local NA NA NA NA

Local NA NA NA NA

Local 4111 NA NA 56

Local NA NA NA NA

NA NA NA NA

5529 5491 38 13

JL-24 NA NA NA NA

Local NA NA NA NA

Local NA NA NA NA

Local NA NA NA NA

Other NA NA NA NA

Local NA NA NA NA

5020 NA NA 27

NA NA NA NA

NA NA NA NA

NA NA NA NA

4790 4790 NA 12

4542 4320 222 5

NA NA NA NA

NA NA NA NA

4959 4593 366 6


14th May 2019

Arrivals (Qtl)

Change Source 11-

May-

19

9 -5 NAM

NA NA Agmarknet

NA NA Agmarknet

NA NA Agmarknet

NA NA NAM

NA NA Agmarknet

NA NA Agmarknet

11 -2 NAM

NA NA Agmarknet

NA NA Agmarknet

NA NA Agmarknet

NA NA Agmarknet

NA NA Agmarknet

NA NA Agmarknet

NA NA NAM

NA NA NAM

NA NA NAM

NA NA NAM

12 NA NAM

12 -7 NAM

NA NA NAM

NA NA NAM

7 -1 NAM

Onion

Today’s Development:

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

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

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

month). Exports incentives are 10% till 30

prices further upward.

Recent Developments that are still influencing the Market:

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

good prices compared to previous year during peak harvesting season.

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

indicates prices to remain

• (6th May 2019) - In Maharashtra,

31.44% higher than last

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

• (6th May 2019) - Prices

months because of lower

• (3rd May 2019) - Across the country fresh crop is coming in market from Maharashtra,

Rajasthan, Madhya Pradesh and Gujarat.

• (3rd May 2019) - Prices in coming months are expected to remain on highe

lower Rabi acreage in major producing regions.

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

on 1st May.

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

which indicates firmness in market ahead.

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

coming days.

Price and Arrivals in Major Markets

State Market Modal Wholesale Prices (Rs/Qtl)

13-May

Gujarat Ahmedabad 700

Rajkot 675

Karnataka Bangalore 750

Belgaum 800

Madhya Pradesh Indore 600

Maharashtra Lasalgaon NA

Pune 600

Andhra Pradesh Kurnool 670

Rajasthan Jaipur 630

Telangana Hyderabad 700

Daily

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

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

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

month). Exports incentives are 10% till 30th June 2019 under MEIS scheme which may push the

Recent Developments that are still influencing the Market:

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

good prices compared to previous year during peak harvesting season.

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

indicates prices to remain on higher side in coming weeks.

In Maharashtra, arrivals during the period (1st April

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


Prices have started to strengthen and are expected to rise further

months because of lower rabi acreage in Maharashtra.

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

Rajasthan, Madhya Pradesh and Gujarat.

Prices in coming months are expected to remain on highe

eage in major producing regions.

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

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

which indicates firmness in market ahead.

Prices are increasing in most of the markets and expected to increase further in


Onion

Modal Wholesale Prices (Rs/Qtl) Arrivals

May-19 11-May-19 Change 13-May-19 11

700 650 50 1449

675 425 250 250

750 NA - 2219

800 800 Unch 221

600 600 Unch 2064

NA NA - NA

600 NA - 908

670 670 Unch 11.6

630 700 -70 504

700 950 -250 600


14th May 2019

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

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

June 2019 under MEIS scheme which may push the

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

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

April -30th April 2019) are

year during same period (Source: Agmarknet). Reason for higher arrivals


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

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

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

reported closed amid Maharashtra Day

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

the markets and expected to increase further in

Arrivals in Tons Source

11-May-19 Change

980 469 Agmarknet

350 -100 Agmarknet

NA - Agmarknet

631 -410 Agmarknet

1723 341 Agmarknet

NA - Agmarknet

NA - Agmarknet

5.9 5.70 Agmarknet

420 84 Agmarknet

250 350 Agmarknet

Potato Today’s Development:

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

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

likely to move upward.

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

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

compared to last year.

Developments that are still influencing the Markets:

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

most of the markets.

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

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

capacity is approximately 28.75 lakh tons.

• (6th May 2019) -In U.P,

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

cold stores to open full fledge after 15

their farms sheds.

• (1st May 2019) - Prices are trading lower than last year during

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

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

• (30 April 2019) -Prices are increasing and likely to incre

cold storage is expected to start in couple of weeks.

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

the crop which is lying in open storage and prices may remain l

May 2nd week prices are expecte

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

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

Price and Arrivals at Major Markets

State Markets Modal Wholesale Prices (Rs/Qtl)

13-May

Andhra Pradesh Palamaner 800

Karnataka Bangalore 1325

Belgaum 1000

Gujarat Surat 900

Madhya Pradesh Indore 900

Maharashtra Pune 1200

Delhi Delhi 758

Uttar Pradesh Agra 700


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

releasing crop stocked in their farms sheds. Once release from cold storage starts prices are

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

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

lopments that are still influencing the Markets:

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

In Gujarat, traders are expecting approximately 75% capacity utilization


capacity is approximately 28.75 lakh tons.

In U.P, traders are expecting approximately 85% capacity utilization compared

city utilization from a total storage of 142 lakh tons. Traders are expecting

cold stores to open full fledge after 15th May meanwhile farmers are releasing crop stocked in

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


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

Prices are increasing and likely to increase in coming days

cold storage is expected to start in couple of weeks.

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

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

May 2nd week prices are expected to increase.

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


Arrivals at Major Markets

Potato

Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons


800 800 Unch 0.9

1325 NA - 899

1000 1000 Unch 107

900 900 Unch 700

900 900 Unch 347

1200 NA - 717

758 758 Unch 117

700 700 Unch 1505


14th May, 2019

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

old storage starts prices are

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

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

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

In Gujarat, traders are expecting approximately 75% capacity utilization


traders are expecting approximately 85% capacity utilization compared

city utilization from a total storage of 142 lakh tons. Traders are expecting

May meanwhile farmers are releasing crop stocked in

same time period because of fresh


ase in coming days because release from

, Agra is trading on lower side because of

ow for next few weeks but after

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



11-May-19 Change

0.5 0.4 NAM

NA - Agmarknet

256 -149 Agmarknet

700 Unch Agmarknet

290 57 Agmarknet

NA - Agmarknet

1149 -1032 Agmarknet

1535 -30 Agmarknet

Tomato

Today’s Developments:

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

lower arrivals during the week period amid lower crop size from p

Developments that are still influencing the Market:

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

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

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

• (10th May 2019) - Tomato prices are expected to trade on steady to firm in most of the markets

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

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

arrivals of summer crop in coming days.

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

time because of which prices are firm in mar

• (6th 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 l

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

producing regions.

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

• (2nd May 2019) - IMD has foreca

the tomato prices in coming days.


State Markets Modal Wholesale Prices (Rs/Qtl.)

13-May

Andhra

Pradesh

Mulakalacheruvu 2200

Madanapalle 1650

Kalikiri 1700

Pattikonda NA

Gurramkonda 1840

Karnataka Chintamani 1667

Kolar 1667

Maharashtra Pune 1300

Delhi Delhi 1444

Telangana Bowenpally NA


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

lower arrivals during the week period amid lower crop size from producing regions.

Developments that are still influencing the Market:

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


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

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

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

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

arrivals of summer crop in coming days.

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

time because of which prices are firm in market.

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


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

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

Madanapalle market reported closed on Friday because of Labours Day.

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

the tomato prices in coming days.


Tomato

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


2200 2500 -300 47

1650 2600 -950 27

1700 1660 40 7

NA NA - NA

1840 800 1040 2

1667 1667 Unch 8

1667 1667 Unch 239

1300 NA - 203

1444 1444 Unch 323.7

NA NA - NA


14th May, 2019

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

roducing regions.

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


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

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

Rs300/ quintal because of

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

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


ower water availability in dams.

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

Madanapalle market reported closed on Friday because of Labours Day.

sted rains and gusty winds in coming days which may increase


11-May-19 Change

15 32 Agmarknet

44 -17 NAM

5 2 NAM

NA - NAM

2 0 NAM

9 -1 Agmarknet

199 40 Agmarknet

NA - Agmarknet

463.4 -140 Agmarknet

NA - Agmarknet

Turmeric


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

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

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

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

and likely to support prices.


• In Nizamabad, current year Turmeric sowing likely to

waiting for first monsoon rainfall for sowing activity.

• As per Agriwatch’s Second advance production estimate, Turmeric production for 2019

estimated at 532,353 MT (basis dry crop) compared to previous ye

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

Prices & Arrivals

NCDEX:

Contract Change Open

May-19 +110.00 6494.00

Jun-19 +118.00 6600.00

July-19 +126.00 6658.00

As on 13th May, 2019 at 5:00 pm Prices in Rs/quintal, Volu

State Market Variety Modal Price (Rs/Qtl)

13-May

Andhra

Pradesh

Duggirala Finger 5700

Bulb 5540

Kadapa Finger 5688

Bulb 5427

Telangana

Nizamabad Finger 5713

Bulb 6029

Warangal Finger 6100

Round 5950

Tamil Nadu Erode Finger 6544

Bulb 6082


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

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

2019, in Marathwada region lower by 59% and in Madhya Maharasht


and likely to support prices.


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

waiting for first monsoon rainfall for sowing activity.

econd advance production estimate, Turmeric production for 2019

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


Turmeric at NCDEX

High Low Close

6598.00 6422.00 6580

6746.00 6520.00 6700

6832.00 6620.00 6798

, 2019 at 5:00 pm Prices in Rs/quintal, Volu

Turmeric

Modal Price (Rs/Qtl) Change

Arrivals (Qtl)

May-19 11-May-19 13-May-19

5700 NA - 193

5540 NA -

5688 5722 -34 53

5427 5742 -315

5713 5915 -202 190

6029 6151 -122

6100 Closed - 2600

5950 Closed -

6544 NA - 543.7

6082 NA -


14th May, 2019

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

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

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


start from first week of June. Farmers were

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

ar’s 476,771 MT. Turmeric


Volume O.Int

980 935

5635 16980

1025 4160

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

Arrivals (Qtl) Change Source

11-May-19

NA - NAM

48 5 NAM

176 14 NAM

NA - Agriwatch

NA - Agmarknet

Chilli


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

Guntur stood at 256,500 to 261,000 MT and in Andhra Pradesh around 319,500 to 324,000 MT

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

forward stocks reported less.

• Chilli cold storage stocks entered in the Guntur spot market as normal quality supply reported

lower, till now around 13,500 MT traded alre


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

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

prices in coming days.

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

lower rainfall and virus infection.

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

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

hectares to 127,032 hectares.

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

estimated at 12.22 lakh MT. Previous year

Prices & Arrivals

State Market Variety Modal Price (Rs/Qtl)

13-May

Andhra

Pradesh Guntur

Teja 10000

334 8000

Telangana Khammam Red NA

Warangal Talu NA


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


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

forward stocks reported less.

Chilli cold storage stocks entered in the Guntur spot market as normal quality supply reported

lower, till now around 13,500 MT traded already.


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

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

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

lower rainfall and virus infection.

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

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

hectares to 127,032 hectares.

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

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

Red Chilli

Modal Price (Rs/Qtl) Change

Arrivals (Qtl)

May-19 11-May-19 13-May-19 11-May

10000 10700 -700 268

8000 6500 1500 402

8800 - NA

NA - NA


14th May, 2019

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


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

Chilli cold storage stocks entered in the Guntur spot market as normal quality supply reported

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

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

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

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

st year it was 341,671 MT. In Andhra Pradesh acreage to rise by 45% from last year’s 87,608

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

’s production was 10.50 lakh MT.

Arrivals (Qtl) Change Source

May-19

44 224 NAM

68 334 NAM

800 - Agmarknet

NA - Agmarknet

Maize


• In Ahmedabad region of Gujarat, poultry feed makers quoted maize steady at Rs. 2,200 per

quintal also starch feed makers quoted it steady at Rs.2,150 per quintal.

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

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

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


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

(for the period 26th Apr

previous week and 4 percent from the previous 4

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

and El Salvador (41,200 MT).

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

current level due to high feed makers demand.

• As per media report, MMTC postpones deadline to buy corn for actual users from 8th May to

15th May. Offers for that must remain valid until May 31 versus May 26 previously. The

shipment period has also been extended from May 29

• As per trade sources, Vessel (INCE HAMBURG) with 27225.00 tonnes of corn is waiting at ber

for discharge at Kandla port.

• In U.S, corn planting has been 23% as of 7th May, 2019, which is lower by 23% compared to last

5 year average period.

• In Karnataka region, maize is likely to trade steady to slightly weak as feed makers demand has

shifted towards Bihar.

• As per trade sources, India exported 13,610 MT of maize for the mo

average FOB of $310.23/ MT. Indian maize is exported mainly to Nepal mainly through Raxaul

followed by Jogbani ICD and Bhimnagar ICD port.

• As per media report, DGFT has allowed 1 lakh tonne maize import on 15 % duty for actual

users.There would be no import for trade purpose right now. Notably, feed industries were

allowed to import 5 lakh MT under TRQ.

Prices & Arrivals:

State/

District Market Grade

Telangana Nizamabad Bilty

Bihar Gulabbagh Bilty

Karnataka Davangere Bilty

Delhi Delhi Loose

Andhra Pradesh Kurnool Loose


In Ahmedabad region of Gujarat, poultry feed makers quoted maize steady at Rs. 2,200 per

lso starch feed makers quoted it steady at Rs.2,150 per quintal.

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


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


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

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

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


Salvador (41,200 MT).

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

current level due to high feed makers demand.

As per media report, MMTC postpones deadline to buy corn for actual users from 8th May to


shipment period has also been extended from May 29-June 20 to June 10

As per trade sources, Vessel (INCE HAMBURG) with 27225.00 tonnes of corn is waiting at ber

for discharge at Kandla port.

In U.S, corn planting has been 23% as of 7th May, 2019, which is lower by 23% compared to last

In Karnataka region, maize is likely to trade steady to slightly weak as feed makers demand has

As per trade sources, India exported 13,610 MT of maize for the mo

B of $310.23/ MT. Indian maize is exported mainly to Nepal mainly through Raxaul

followed by Jogbani ICD and Bhimnagar ICD port.

eport, DGFT has allowed 1 lakh tonne maize import on 15 % duty for actual


import 5 lakh MT under TRQ.

Maize

de

Modal Price

(Rs./Qtl) Change

Arrivals (Qtl)

13-

May-19

11-

May-19

13-

May-19

11

May

Bilty 2150 Closed - 5000 Closed

Bilty 1820 1800 20 40000 30000

Bilty 2200 Closed - 2500 Closed

Loose 2000 1950 50 NA NA

Loose 1976 2001 -25 50 76

*Difference between current and previous day’s prices.


14th May, 2019

In Ahmedabad region of Gujarat, poultry feed makers quoted maize steady at Rs. 2,200 per

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


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

19 marketing year. At 1.15 MMT

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

week average; mainly for the destination like


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

As per media report, MMTC postpones deadline to buy corn for actual users from 8th May to


June 20 to June 10 -July 10.

As per trade sources, Vessel (INCE HAMBURG) with 27225.00 tonnes of corn is waiting at berth

In U.S, corn planting has been 23% as of 7th May, 2019, which is lower by 23% compared to last

In Karnataka region, maize is likely to trade steady to slightly weak as feed makers demand has

As per trade sources, India exported 13,610 MT of maize for the month of March’19 at an

B of $310.23/ MT. Indian maize is exported mainly to Nepal mainly through Raxaul

eport, DGFT has allowed 1 lakh tonne maize import on 15 % duty for actual


Arrivals (Qtl)

Change Source 11-

May-19

Closed - AGRIWATCH

30000 10000 AGRIWATCH

Closed - AGRIWATCH

NA - AGRIWATCH

76 -26 ENAM


Sugar


• Positive trend has been seen in several Indian markets

May month as demand for the refined sugar from local markets is accelerating due to scorching

summer prevailing in India. Prices might remain at higher side if government

support price and creates export opportunities to relieve the sugar millers from clearing the

increasing 2 years mounting arrears to be paid to cane farmers

• Several sugar mills are reported to have accomplished selling their domestic as

Indicative Export Quota (MIEQ) targets and seeking additional quota based on lapsed quotas from

the months of February, March and April. The government may approve additional quota for mills

that have strictly complied with MIEQ and MSP nor

Today’s Developments that are still Influencing Markets:

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

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

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

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

soybeans.

• (8th May 2019) The Maharashtra’s cane dues now amount to Rs 3,595

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

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

May 6 are Rs 4,831crore.

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

higher level at around 14.7 million tonnes

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

according to ISMA.

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

during the same time last year till 30

this year compared to 110 suga

• (5th May 2019) Total sugar production is expected to surge upto 330 LT and about 5 LT higher

than previous season’s production. Maharashtra’s sugar production rose to 107LT, whereas U.P

and Karnataka has reached the sugar production at 1

by ISMA.

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

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

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

requirement of 25-26 MT.

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

sugar quota to each of 534 mills in the country

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

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

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

export targets under MIEQ quota for the season 2018

allocation for the month of May, 2019.


end has been seen in several Indian markets. The prices are expected to be bullish


prevailing in India. Prices might remain at higher side if government


increasing 2 years mounting arrears to be paid to cane farmers

Several sugar mills are reported to have accomplished selling their domestic as



that have strictly complied with MIEQ and MSP norms.

Today’s Developments that are still Influencing Markets:

Brazil is expected to produce a smaller cane crop in 2019

according to government agency Conab. They projected the main center

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


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



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

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

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

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

during the same time last year till 30th April. Till 30th April, only 100 mills are crushing sugarcane

this year compared to 110 sugar mills last year.

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

production. Maharashtra’s sugar production rose to 107LT, whereas U.P

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

The government has raised its sugar production estimate for 2018

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

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

26 MT.

The food ministry yesterday released the notification allocating 21 LMT monthly

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


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

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

export targets under MIEQ quota for the season 2018-19 have been given @ 7.5% of their normal

allocation for the month of May, 2019.


14th May, 2019

. The prices are expected to be bullish in


prevailing in India. Prices might remain at higher side if government rises the minimum


Several sugar mills are reported to have accomplished selling their domestic as well as Minimum



Brazil is expected to produce a smaller cane crop in 2019-20 but sugar output is

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

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


crore, with the mills finally



19 marketing year is expected to be

with the opening balance of 10.7 million tonnes as on

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

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

April, only 100 mills are crushing sugarcane

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

production. Maharashtra’s sugar production rose to 107LT, whereas U.P

12.65 and 43.2 LT till 30th April, data released

The government has raised its sugar production estimate for 2018-19 (October-

similar to what was achieved

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

The food ministry yesterday released the notification allocating 21 LMT monthly

se sugar mills which have completed their


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

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

19 have been given @ 7.5% of their normal

• (30th April 2019) The sugar exports have been hinde

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

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

supply continuing to far exc

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

• (25th April 2019) Pakistan exports 1.5 Lakh Tonnes of sugar to China under the Chinese duty

incentive package of $ 1 billion.

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

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

yarn to Pakistan.

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

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

mills in UP and further Rs.500 crore from the

settling the arrears.

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

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

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

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

seeking a hike in MSP of sugar.

Prices

State/ District Market

Maharashtra Kolhapur

Uttar Pradesh Khatauli


Delhi Delhi


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

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


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

over stock of over 10 MMT according to ISMA.

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

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



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

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

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

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

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



seeking a hike in MSP of sugar.

Sugar (M grade)

Market

Modal Price (Rs /Qtl)

Change13 May-19 11 May-19

Kolhapur 3125 3150

Khatauli 3430 3410

Vijayawada 3580 3580

Delhi 3300 3280


14th May, 2019

red by excess output and lower (than

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


eed demand, India is likely to open the new sugar year 2019-20 with a

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

f last month Pakistan bagged the opportunity to export 3 lakh



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

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

state government to 24 cooperative sugar mills for

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

so that the sugar millers can overcome



Change Source

-25 AW

+20 AW

unch AW

+20 AW

Cotton Today’s Developments:

• Cotton prices have declined

However, the decline in Indian markets has been tepid compared to the international market

owing to tightness in supply locally. Going ahead, t

international market finds support, to narrow the basis with international market.

Recent Developments that are still Influencing Market

• (10th May 2019) From October 2018 to April 2019 the total cotton supply estimated by CAI is

314 lakh bales of 170 kgs.

2019, imports of 7.27 lakh bales upto 30th April 2019 and the opening stock at t

season on 1st October 2018 at 28 lakh bale

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

3.1 million bales as the drop in production to

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

whereas exports are likely to reduce to 4.7 million bales.

• (8th May 2019) The USDA has estimated that India’s 2

34.525 million bales, 7.5% higher than the estimate of CAI of 32.1 million bales

downward by from its previous one of 32.8 million bales. Cotton Association of India (CAI)

strongly objected to the cotton productio

• (7th May 2019) India’s cotton imports has shipped 8 lakh to 9 lakh mln bales

likely to be shipped between May and July out of contracted 1.8 mln bales. Indian imports from

US rose to 2.56 lakh bales in April

short supply. Imports are taking place at Rs. 47,500 to 48,000/candy landed cost at port.

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

nearly 40% to 4 lakh hectares

cotton sowing has already set in and the sowing is expected to pick pace from the first week of

May.

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

multinational companies

sources say CAI recently convened a meeting of cotton traders and

strategy for selling its inventory.

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

lakh bales. Net Outflow of cotton is near 20 lakh bales against last year’s above 50 lakh bale

Indian consumers are regularly booking imports as their long

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

the market provides liquidity at regular pace and also some profit

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

the minimum support price of cotton by 10 %

possibility of at least 10% increase in MSP

• (25thApr 2019) The largest producer among the southern states, Telangana’s total cotton

output is seen falling 19% on year to 4.1 mln bales in 2018

led by moisture deficiency afte

from 451 kg in the previous year.

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

like maize and soybean

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


declined sharply the last few days on cue from the international markets.


owing to tightness in supply locally. Going ahead, the Indian market may continue to fall even as


Recent Developments that are still Influencing Market

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

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

2019, imports of 7.27 lakh bales upto 30th April 2019 and the opening stock at t

season on 1st October 2018 at 28 lakh bales.

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

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


whereas exports are likely to reduce to 4.7 million bales.

The USDA has estimated that India’s 2018-19 cotton production would be

34.525 million bales, 7.5% higher than the estimate of CAI of 32.1 million bales


strongly objected to the cotton production estimates issued by the USDA.

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


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


The Punjab agriculture department has increased the area under cotton by

kh hectares, up from 2.84 lakh hectares in 2018-19 season. The season for


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

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

sources say CAI recently convened a meeting of cotton traders and spinning mills

strategy for selling its inventory.

Indian importers have booked nearly 19 lakh bales while export is just at 40

Net Outflow of cotton is near 20 lakh bales against last year’s above 50 lakh bale

Indian consumers are regularly booking imports as their long-term strategy. Indian physical


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

Maharashtra Commission for Agricultural Costs & Prices are expecting to raise

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

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

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

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

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

from 451 kg in the previous year.

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

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



14th May, 2019

on cue from the international markets.


he Indian market may continue to fall even as


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

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

2019, imports of 7.27 lakh bales upto 30th April 2019 and the opening stock at the beginning of

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

the lowest level in nine years. The cotton crop


19 cotton production would be

34.525 million bales, 7.5% higher than the estimate of CAI of 32.1 million bales, revised


n estimates issued by the USDA.

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


from 79,900 bales in March due to high domestic prices and


The Punjab agriculture department has increased the area under cotton by

19 season. The season for


March is 4.6 million bales in godowns of the CCI,

, ginners and the Multi Commodity Exchange, as of end-March. Trade

spinning mills to devise a

Indian importers have booked nearly 19 lakh bales while export is just at 40

Net Outflow of cotton is near 20 lakh bales against last year’s above 50 lakh bales.

term strategy. Indian physical


booking of investors.

Maharashtra Commission for Agricultural Costs & Prices are expecting to raise

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

for cotton in the coming kharif season.

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

due to sharp fall in yields

r scanty rains. The cotton yield expected to decline to 381kg/ha

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

the last few months.But,


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

according to CAI during last week

bales due to low availability in India.

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

to CAI. Active import business continued for West African & US origins.

market for U.S. cotton

were major buyers.

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

million bales, a domestic consumption

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

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

competing crops will likely favor cotton sowin

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

kg each) in the 2018-19 season,

estimates released Monday by Confederation of Ind

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

for the October-September 2018 crop season.

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

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

6.7% regarding global production for 2019.

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

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

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

Prices & Arrivals



13-May

Gujarat Rajkot 6140

Andhra Pradesh Adoni 5879

Andhra Pradesh Guntur NA

Andhra Pradesh YEMMIGANUR NA


All India daily cotton arrivals are reported to be about

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

bales due to low availability in India.

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

Active import business continued for West African & US origins.

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

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

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

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


competing crops will likely favor cotton sowing in North India.

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

19 season, mainly due to drought in many cotton

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

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

September 2018 crop season.

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


6.7% regarding global production for 2019.

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

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


Cotton


Change

Arrivals (Qtl)

May-19 11-May-19 13-May-19 11-

6140 6100 +40 450

5879 5869 +10 1914

NA NA - NA

NA NA - NA


14th May, 2019

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

orts is on full hype and booked nearly 19 lakh

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

Active import business continued for West African & US origins. India remains in the

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

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

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

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


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

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

ian Textile Industry (CITI). The domestic

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

year increase of 7%, Brazil too is looking to


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

This included current year sales of 289,000 bales of


Change Source -May-19

628 -178 APMC

819 +1095 NAM

NA - NAM

NA - NAM

Palm Oil


• No Significant Development


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

stocks of palm oil in Malaysia, slow fall

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

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

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

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

production will continue in April in Malaysia. However, production is

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

2019 from earlier estimate of 19.5 MMT on higher maturing plants. Palm oil production will rise

in Indonesia in 2019 by 10 percent to 44 MM

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

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

especially from Malays

purchased more palm oil as it is importing lower amount of soybean due to swine flu and

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

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

palm oil compared to competitive oils.Rise in crude oil due to OPEC supply cuts is expected to

support palm oil prices.

• (6 May 2019)-Malaysia intends to keep

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

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

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

bleeding with low prices of palm oil. Followed by this step, Malaysia intends to increase its

biodiesel output to recede increasing high palm oil stocks.

• (2 May 2019)-According to ca

palm oil exports rose 0.5 percent to 1,584,660 tons compared to 1,577,521 tons last month. Top

buyers were India at 483,770 tons (355,015 tons), European Union 290,778 tons (312,540 tons),

China at 190,435 tons (216,190 tons), Pakistan at 56,000 tons (126,000 tons) and United States

at 29,316 tons (59,905 tons). Values in brackets are figures of last month.

• (29 Apr 2019)-According to Indonesia trade ministry, Indonesia kept May crude palm o

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

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

2017.


No Significant Development


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

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





production will continue in April in Malaysia. However, production is



in Indonesia in 2019 by 10 percent to 44 MMT on maturing plants. Palm oil exports rose from



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


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



support palm oil prices.

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



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


biodiesel output to recede increasing high palm oil stocks.

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





According to Indonesia trade ministry, Indonesia kept May crude palm o




14th May, 2019

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

in production of palm oil in Malaysia and slow rise in





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



T on maturing plants. Palm oil exports rose from



ia, positive refining margins and demand at lower levels. China is


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



crude palm oil export duty unchanged at zero until



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


rgo surveyor SocieteGenerale de Surveillance (SGS), Malaysia’s Apr





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



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

(SEA), CPO Imports fell 19.8 percent y

2019. Imports in oil year 2018

y-o-y at 28.56 lakh tons comp

corresponding period last oil year.

• (16 Apr 2019)-RBD palmolein import scenario

percent to 3.13 lakh tons from 1.63 lakh tons in Mar 2018.

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

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

• (10 Apr 2019)-According to Malaysia Palm Oil Board (MPOB), Malaysia’s M

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

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

Exports of palm oil in March rose 22.37 pe

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

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

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

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

PKO) from Indonesia rose 16.7 percent in Feb y

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

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

17 percent m-o-m.

Prices:

Palm Oil Prices (In Rs./ 10 Kg)


Crude Palm Oil (FFA 5%)

Gujarat Kandla

Andhra Pradesh Krishnapatnam

RBD Palmolein

Gujarat Kandla

Andhra Pradesh Kakinada


Palm Oil at MCX

Contract Open

31-May-19 518.00

30-Jun-19 516.00

31-Jul-19 516.70

As on 13-May-2019 at 9 pm


Crude Palm oil import scenario- According to Solvent Extractors Association

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

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

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

corresponding period last oil year.

RBD palmolein import scenario- RBD palmolein imports rose y

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

March 2019) were reported higher by 24.64 perecent y

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

According to Malaysia Palm Oil Board (MPOB), Malaysia’s M



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



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

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

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

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


Market 13 May 2019 11 May 2019 Change

Kandla 517 517

Krishnapatnam 490 490

Kandla 585 582

Kakinada 585 585



High Low Close Change

522.00 517.50 520.40 2.2

515.30 520.00 515.30 3.1

521.10 516.50 520.50 3.1

2019 at 9 pm


14th May, 2019

rding to Solvent Extractors Association

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

March 2019) were reported marginally lower

ared to 29.79 lakh tons in last oil year, lower by 4.13 percent in the

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

Imports in oil year 2018-19

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

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



rcent to 16.18 lakh tons compared to 13.22 lakh tons



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

y to 2.77 MMT from 2.37 MMT in Feb 2018.

m in Feb at 2.77 MMT compared to Jan


Change Source

Unch Agriwatch

Unch Agriwatch

3 Agriwatch

Unch Agriwatch

Unch Agriwatch


Volume

(Lots) O. Int

645 4527

440 1859

48 161

2019 at 9 pm Rs/Quintal

Sunflower oil


• No Significant Development


• (2 May 2019)-Sunflower oil premium over soy oil in C

from $28 per ton last week and premium in domestic markets ha

Rs 5 per 10 kg from last week.

to Rs 160 per 10 kg Rs 135

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

prices.

• (16 Apr 2019)-Sunflower oil imports scenario

(SEA),Sunflower oil imports rose 41.9 percent y

in Mar 2018. Imports in oil year 2018

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

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

from $40 per ton last week and premium in domestic marke

unchanged from last week.

to Rs 135 per 10 kg Rs 150

lower on weak demand and disparity in i

prices.

• (10 Apr 2019)-According to United States Department of Agriculture (USDA) April estimate,

India’s 2018/19 sunflower oil import estimate have been raised to 24 lakh tons from 22 lakh

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

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

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

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

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

flat imports indicating destocking at ports will increase import

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

sunflower oil is expected in coming weeks.

Prices:

Sunflower Oil Prices (In Rs./ 10 Kg)


Tamil Nadu Chennai


Andhra Pradesh Kakinada


No Significant Development.

that are still Influencing Markets:

Sunflower oil premium over soy oil in CNF markets have increased to $59 per ton

per ton last week and premium in domestic markets have reached to 5 per 10 kg, up

Rs 5 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has increased

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


Sunflower oil imports scenario- According to Solvent Extractors Association

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

in Mar 2018. Imports in oil year 2018-19 (November 2018-March 2019) we

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

Sunflower oil premium over soy oil in CNF markets have decreased to $28 per ton

per ton last week and premium in domestic markets have reached to 0 per 10 kg

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

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

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

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


ier estimate, higher by 9 percent. Sunflower oil consumption have been raised to


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

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

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

indicating destocking at ports will increase import demand.


sunflower oil is expected in coming weeks.

Sunflower Oil Prices (In Rs./ 10 Kg)

Market 13 May 2019 11 May 2019 Change

Chennai 745 745


Kakinada 750 748



14th May, 2019

NF markets have increased to $59 per ton

ve reached to 5 per 10 kg, up

oil over RBD palmolein has increased

of sunflower oil are estimated to trade


According to Solvent Extractors Association

y in Mar to 2.98 lakh tons from 2.11 lakh tons

March 2019) were reported higher by

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

NF markets have decreased to $28 per ton

ve reached to 0 per 10 kg

Also, premium of sunflower oil over RBD palmolein has decreased

of sunflower oil are estimated to trade

mports. High premium over palm oil will underpin

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


ier estimate, higher by 9 percent. Sunflower oil consumption have been raised to


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

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

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

demand. Low premium of sun oil


Change Source

Unch Agriwatch

2 Agriwatch

2 Agriwatch


Groundnut oil

Today’s Developments

• No Significant updates today.


• Groundnut oil prices are supported by firm demand. Retail demand improved due to stability in

groundnut oil prices. Prices of groundnut oil will be capped as peak demand season

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

prices. In Andhra Pradesh groundnut oil prices are rising due to firm demand as demand season

has arrived when high pickle and other value

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

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

season is over. Higher premium groundnut oil over sunf

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

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

• (25 Mar2019)-Groundnut oil prices are suppo

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

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

groundnut by NAFED will k

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

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

groundnut.

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

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

exports of groundnut are weak and it is diverted towards crush

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

by fall in prices of palm oil.

Prices:

Groundnut Oil Prices (In Rs./ 10Kg)


Gujarat Rajkot

Telangana Hyderabad

Tamil Nadu Chennai


ificant updates today.


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

groundnut oil prices. Prices of groundnut oil will be capped as peak demand season



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

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


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



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



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


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

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


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


by fall in prices of palm oil.

Groundnut Oil Prices (In Rs./ 10Kg)

Market 13 May 2019 11 May 2019 Cha

1030 1000

Hyderabad 1040 1050

Chennai 1050 1050 Unch



14th May, 2019

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

groundnut oil prices. Prices of groundnut oil will be capped as peak demand season is over.



demand increases.

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


lower oil and palm oil will cap gains in



rted by firm demand. Demand firmed due to



eep prices moderate. Higher premium groundnut oil over sunflower


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

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


ing thereby increasing supply of


Change Source

30 Agriwatch

-10 Agriwatch

Unch Agriwatch


Rice


• An important agricultural prod

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

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

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

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

According to the Ministry of Agriculture, the production target of paddy in the

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

Recent Developments that are still influencingthe Markets:

• (10 May 2019)Under the FCI OMSS scheme, on May 8, Mizoram sold 1,500 metric tonnes of rice

at a price of Rs 2,785 per quintal.

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

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

April’19 under bilateral trade agreement between India and Maldives. The ex

Rice and Wheat flour for 2019

respectively. The quantity for Rice and Wheat flour is higher by 88.51% and 78.28% respectively

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

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

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

rupees per quintal for the paddy of New Variety, the purpose

seeds Reduced.

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

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

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

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

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

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

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

tons in Bihar.

• (06 May 2019)High alert released today be

the Andhra Pradesh / coastal region.

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

increased by 16% in April.

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

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

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

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

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

paddy arrival, market has started accelerating.

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

International for one year

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

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

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

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


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



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


According to the Ministry of Agriculture, the production target of paddy in the

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

Recent Developments that are still influencingthe Markets:

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

at a price of Rs 2,785 per quintal.

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


under bilateral trade agreement between India and Maldives. The ex

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


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

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

to the subsidy given on the old paddy seed and to give the incentive of 1000

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

India progressive procurement of Rice as on 03.05.2019 for 2018


ailable data, in the current kharif marketing season, Punjab has procured


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



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

the Andhra Pradesh / coastal region.

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

increased by 16% in April. Exports of non-basmati rice decreased 13.6% comp



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

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


paddy arrival, market has started accelerating.

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

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

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

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


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


14th May, 2019

uctive state of South India Andhra Pradesh, the target of



grains production. The Andhra Pradesh


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

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

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


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

20 is 89.45 thousand tonnes and 78.61 thousand tonnes


via G2G trade.

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

and to give the incentive of 1000

behind this is that the use of old

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


ailable data, in the current kharif marketing season, Punjab has procured


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



'Fani' storm was slow in

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

basmati rice decreased 13.6% compared to last year



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


based commodity trader Olam

tonne shipment of spoilt.

1, 2019 stood at 39.81 million

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


, 2019. Highest stock could be

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

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

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

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

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

importer of crude oil from Iran and any sanction on Iran can i

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

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

season that kicks off in April

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

• (23 Apr 2019)Asian rice exporting hubs saw tepid activity this week, with prices for the staple

from top exporter India dipping

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

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

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

weighing on prices.India’s rice exports for April

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

bumper local harvest.(22 Apr 2019)

tolerant transgenic rice plant by over

Porteresiacoarctata into the commonly used IR 64 indica rice variety. Porteres

is a native of India, Sri Lanka, Bangladesh and Myanmar and is grown mainly in saline

estuaries.

• (18 Apr 2019)Rice export prices in top exporter India edged lower this week due to sluggish

demand, while fears of a drought this year supported up

percent broken parboiled variety was quoted around $387

last week’s $390-$393. Demand is very poor at current price level. The appreciation in the rupee

has limited scope to cut pric

Prices & Arrivals


CHHATTISGARH BALOD

CHHATTISGARH BHATAPARA

CHHATTISGARH RAJIM

TELANGANA BADEPALLY

TELANGANA MAHBUBNAGAR

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This documebe construed as, an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed orpart, by any recipient hereof for any purpose without prior permission from the Company. IASL and employees may have positions in any commodities mentioned in this document (or in any related investment) and may from time tdispose of any such commodities (or investment). Please see th



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

Uncertainty looms over basmati, tea exports after Iran sanctions:



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



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

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

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

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

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

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

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

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

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

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

tolerant transgenic rice plant by over-expressing a gene from a wild rice called

Porteresiacoarctata into the commonly used IR 64 indica rice variety. Porteres


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

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

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

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

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

Rice

Modal Price (Rs

/Qtl) Change

Arrivals (Qtl)

13-

May-19

11-

May-19

13-

May-19 May

1800 1755 45 22

1760 1725 35 12

1750 1745 5 18

1800 1800 0 22

MAHBUBNAGAR 1900 1975 -75 25

Disclaimer

ined 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 documebe construed as, an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed orpart, by any recipient hereof for any purpose without prior permission from the Company. IASL and its affiliates and/or their officers, directors and employees may have positions in any commodities mentioned in this document (or in any related investment) and may from time tdispose of any such commodities (or investment). Please see the detailed disclaimer at © 2019 Indian Agribusiness Systems Ltd.


14th May, 2019


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



mpact trade of other commodities



. Similarly, basmati trading companies were sending shiploads of

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

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

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

$390. Demand from African buyers was weak as they

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

February dropped 9.4 percent from a year

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

A group of Indian scientists has developed a new salt-

gene from a wild rice called

Porteresiacoarctata into the commonly used IR 64 indica rice variety. Porteresiacoarctata


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

domestic buying in Thailand. India’s 5

$390 per ton this week, down from

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

es. A strong rupee dents exporters’ returns from overseas sales.

Arrivals (Qtl)

Change Source 11-

May-19

18 4 E-nam

22 -10 Agriwatch

20 -2 Agriwatch

18 4 NAM

12 13

ined 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

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

e detailed disclaimer at © 2019 Indian Agribusiness Systems Ltd.

Documents

AP Daily Commodities Outlook Report 2019-05-14 · 2019. 5. 15. · Daily th import DGFT has received more than 6000 applications for import. It June-2019. So it was clear that import