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Date: 7-11-2017
NCML Commodity Market Monitor
Home
7 November 2017
NCoMM
NCML COMMODITY MARKET MONITOR
ANSWERS & LUCKY WINNER OF PREVIOUS WEEK’S QUIZ
Wheat | Paddy | Chana | Tur | Chilli | Guarseed
OUTLOOK
OTHER DATA Rabi Area Sown | Advance estimates | Kharif & Rabi MSP
DIWALI BUMPER ONLINE QUIZ
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Date: 7-11-2017
NCML Commodity Market Monitor
Price Trend & Technicals
1500
1700
1900
2100
2300
2500
Feb
-16
Mar
-16
May
-16
Jul-1
6
Au
g-1
6
Oct
-16
De
c-16
Jan
-17
Mar
-17
May
-17
Jul-1
7
Au
g-1
7
Oct
-17
Wheat: Standard mill quality : Delhi
After trading in a narrow range for the past few weeks, wheat
prices have picked up pace and showed some positivity in the last
couple of weeks. Prices are expected to stretch the gains in the
coming days as well on account of speculation of a import rate hike
and pick up in demand. We expect the wheat prices to move
higher in the nearby days and move closer to Rs 1910 which is an
important resistance level. A breach of Rs 1910 will result in a fresh
upmove in the prices towards Rs 1975 level mark. Though the
chance of any sharp correction are minimal but any such correction
will be contained at the immediate support level of Rs 1825.
IMPORTANT LEVELS
S2 S1 CMP R1 R2
1810 1825 1866.5 1910 1975
Outlook: Prices will trade with positive undertone and will move closer to Rs Rs 1910.
• Government has increased the MSP of wheat by Rs 110 per quintal, from Rs
1,625 per quintal in 2016-17 to Rs 1,735 per quintal for 2017-18, an increase of
6.8%, to boost acreage of the rabi crop.
• According to officials, wheat planting has begun in irrigated parts of Madhya
Pradesh and Gujarat and will pick up in other regions, including Punjab and
Haryana, in the coming days.
• India's wheat planting may surpass or atleast equal last year's 31 million
hectares on the back of better water availability, soil moisture and MSP hike.
• As per fourth advance estimates of Government, India recorded a bumper
crop of 98.38 million tonnes in 2016-17 against 92.2 million tonnes in 2015-16. For 2017-18, the government has set a target of 97.50 million tonnes.
Mandi Price in Rs/Quintal
03-11-22017 27-10-2017 %change
Delhi 1858.75 1826.5 1.77
Kota 1691.65 1695.7 -0.24
Kanpur 1670 1665 0.30
• Recently, there have beem reports that authorities are considering yet a hike in wheay import duty; it is to be hiked from the existing 10% to 20-
25%. Speculation relating to the duty structure has lifted the price of imported wheat—sourced mostly from Russia, Ukraine—from Rs 17,500
per tonne to Rs 18,500/tonne ex-Tuticorin.
• Despite the bumper production, the country has already imported 1 million tonnes of the commodity this year and final import figure is
expected to touvh 3 million teonnes. Export window remains restricted due to huge disparity with other countries.
• Pick up in demand from flour mills to meet ongoing festive season demand against lean supply season of wheat is now underpinning the wheat
prices, which were offlate subdued due to bumper production.
• The central wheat stock stood at 27.81 million tonnes in September this year against 24.24 last year. On As on October 1, the government's
wheat stock stood at about 25.3 million tonnes.
• In the latest USDA report, Russia’s 2017/18 is estimated to touch a record 82 million tons, well above last year’s previous record of 72.5 million
tons. Australia’s wheat production estimate is down at 21.5 million tonnes against 33.5 million tonnes last year on persistent dry conditions.
• Global wheat output is estimated at 751.19 miilion tonnes against 754.15 million tonnes last year, while the ending stocks are projected higher
ata 268.13 illion tonnes against 256.58 million tonnes last year.
• The overall fundamental score of 3.3 shows bullish undertone in wheat prices.
Fundamental Summary
Price Drivers Impact Weightage Score (1-5)*
Pick up in festive demand Bullish 25% 4
Lean supply season Bullish 15% 4
Bumper wheat harvest in 2017 Bearish 25% 2
Speculation of import duty hike Bullish 15% 4
Comfortable central stock position Consolidation 20% 3
Overall fundamental score 3.3
* 1. Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish
Fundamentals- Domestic & International WHEAT
BACK TO TOP
Date: 7-11-2017
NCML Commodity Market Monitor
Fundamentals- Domestic & International PADDY
Fundamental Summary
Price Drivers Impact Weightage Score (1-5)*
Lower acreage in 2017-18 kharif and lower production estimate Bullish 20% 4
Arrivals from the new crop picking pace Bearish 25% 2
Record high production of 2016-17 Bearish 15% 2
High demand from stockists Bullish 25% 4
Export tender from Iran and higher export to EU before 31 Dec- the deadline for implementation of tricyclazole limit
Bullish 15% 4
Overall fundamental score 3.2
*Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish
• Paddy prices firmed up in previous weeks on back of lower acreage numbers
and buying by stockists. The prices of Basmati increased significantly because
of very low carryforward from last year and lower acreage this year.
• The area sown under rice for 2017-18 is reported at 379.08 lakh hectares,
3.29% lower than 382.37 lakh hectares sown last year till same date.
• As per first advance estimates released by government, India's kharif rice
output 2017-18 is likely to fall by 1.9 million tonnes to 94.48 million tonnes
from the record 96.39 million tonnes kharif production in 2016-17.
• The paddy cultivation in Odisha has been severly affected and crop loss has
been reported due to deficient rainfall.
Mandi Paddy : Price in Rs/ Quintal
03-11-22017 27-10-2017 %change
Hanumangarh (1121 Pusa)
3175 3125 1.60
vellore 1600 1600 0.00
Aligarh 2600 2600 0.00
• Exports of rice rose by over 30% in dollar terms and 25% in rupee terms during April-Sep as European buyers built inventories in anticipation of
new quality norms effective from year end. These exports also played a role in firming prices last month. The European Union has given time
to India till December 31 to meet the bloc's new norms on importing Basmati rice which include bringing down the maximum residue limit
(MRL) level for Tricyclazole (a fungicide) 0.01 mg. However, it may take two crop cycles for India to meet the new import norms.
• Iran’s state grains buyer has issued an international invitation to tender to buy 30,000 tons of rice to be sourced from India for shipment in
early 2018. MY 2016/17 total rice exports from India are estimated at 11.80 mn tonnes (4 mn tonnes Basmati) against 11 mn tonnes last year.
• In a first of its kind govt-to-govt arrangement between India and Bangladesh, NAFED would be exporting around 5 lakh tonne of parboiled rice
to Bangladesh for meeting its domestic demand and creating a buffer stock after floods.
• Punjab has procured over nearly 144 lakh tonne of paddy while in Haryana nearly 61 lakh tonne has been procured. Punjab is all set to set an all-
time record of procuring over 182 lakh tonne of paddy against 168 lakh tonne this season. he paddy arrival in Haryana is higher than the 53 lakh
tonne paddy that arrived in grain markets in the corresponding period of last year.
• In the October USDA report, global rice production is pegged at 483.8 million tonnes against 487.13 million tonnes last year. Global 2017/18
ending stocks are pegged to fall to 200.96 mn tonnes against 226.99 in 2016-17.
• Overall fundamental score of 3.2 shows mild bullishness in paddy prices as of now. However the price will come under pressure in few weeks
as supplies from new crop pick up.
Prices after giving up the gains made in the previous week, started
to recover once again. With the expectations of lower basmati
production, on the back of lower acreage this year, the prices are
expected to continue to firm up in the coming days. Prices are likely
to move with positive undertone towards the next resistance of Rs
3300. Fresh positive momentum will be generated only on a
sustained trading above 3300 which will push the price higher
towards the important resistance of Rs 3500 once again. On the
lower side, prices are not expected to tumble till it is trading
sustainably above Rs 2900.
Price Trend & Technicals
1600
2000
2400
2800
3200
3600
Jan
-16
Mar
-16
Ap
r-16
Jun
-16
Au
g-1
6
Se
p-1
6
No
v-16
De
c-16
Feb
-17
Ap
r-17
May
-17
Jul-1
7
Au
g-1
7
Oct
-17
Paddy - 1121 pusa : Hanumangarh
IMPORTANT LEVELS
S2 S1 CMP R1 R2
2800 2880 3050 3200 3280
Outlook: Prices may move in the range of Rs 2900 to Rs 3200.
IMPORTANT LEVELS
S2 S1 CMP R1 R2
2800 2900 3100 3300 3500
Outlook: Prices will trade with positive bias and move closer to Rs 3300.
BACK TO TOP
Date: 7-11-2017
NCML Commodity Market Monitor
Expectation of higher sowing acreage and regular imports from
Australia have resulted in pressurizing chana prices in the recent
days. As expected in our last weekly edition chana prices
witnessed supply pressure and touched our estimated mark of Rs
5080. In the days ahead we expect prices to continue to trade
lethargic and show some more downside movement and hover
around the current levels with bearish undertone. On sustained
trading below Rs 5080 some fresh selling movement will pull
down prices further towards Rs 4915. The chances of any recovery
from currents levels looks minimal.
Fundamentals- Domestic & International
Price Trend & Technicals
4500
5500
6500
7500
8500
9500
10500
11500
12500
Au
g-1
6
Oct
-16
De
c-16
Feb
-17
Mar
-17
May
-17
Jul-1
7
Au
g-1
7
Oct
-17
Chana -Rajasthani desi : Delhi
CHANA
IMPORTANT LEVELS
S2 S1 CMP R1 R2
4850 4915 5074 5282 5400
Outlook: Prices will trade under pressure with fresh pressure to mount on sustained trading below Rs 5800.
• The government has increased the minimum support price (MSP) of chana
for the crop year 2017-18 to Rs 4400 per quintal from Rs 4000 per quintal.
The increase in MSP is expected to boost acreage and production of
chana.
• According to the Rajasthan agriculture department, as on 30th October
chana sowing acreage is reported at 3.09 lakh hectares which is 44.79 per
cent lower than last year acreage of 5.60 lakh hectares at the same time
period. Chana acreage in Rajasthan is lower due to unfavourable weather
condition. However, market participants are estimating higher chana
sowing acreage in 2017 as compared to last year as chana domestic prices
was firm throughout the year.
Mandi Price in Rs/ Quintal
03-11-22017 27-10-2017 %change
Delhi 5150 5150 0.00
Bikaner 5100 5000 2.00
Latur 4650 4700 -1.06
• According to the target estimate released by government, India’s chana production target estimate for 2017-18 is 9.75 million MT which is
slightly higher than 2016-17 fourth advance estimate of 9.33 million MT. Higher production estimate in the coming Rabi season may have
slightly bearish impact on the prices.
• As of 04th November, Australian chana is being traded at Rs 4950 per quintal in Mumbai market and Rs 5000 per quintal at Mundra port.
Australian chickpea of October- November delivery is being offered at Rs 4950 per quintal at Mumbai port. Regular shipments from Australia
may have a slightly bearish impact on the domestic prices.
• However, according to the trade sources, the importers are not selling the chana shipment which had already arrived at the port due to lower
domestic prices. Stock holding by the importers may give some support to the chana prices.
• According to the latest report of Australian Bureau of Agricultural & Resource Economics & Sciences(ABARES), Australian chana production
estimate has been reduced by 35.92 percent to 1.188 million tonnes from 1.854 million tonnes last year due to lower yield expectation.
• Overall score of 2.9 indicates range bound to mildly bearish movement in the coming days.
Fundamental Summary
Price Drivers Impact Weightage Score (1-5)*
Increase in MSP Bullish 10% 4
Expectation of higher sowing acreage Bearish 35% 2
Regular imports from Australia Bearish 20% 2
Stock holding by importers Bullish 20% 4
Lower Australian crop estimate Bullish 15% 4
Overall fundamental score 2.9
*Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish
BACK TO TOP
Date: 7-11-2017
NCML Commodity Market Monitor
S2 S1 CMP R1 R2
3300 3550 3607 3730 3815
Outlook: Prices will slip towards Rs 3550 from where some buying can emerge. Below Rs 3550 prices will test Rs 3300.
Price Trend &Technicals
The intermediate undertone in Tur prices continued to be bearish on
account good crop condition and export disparity with the other
countries. Moreover the arrival season is underway and will start in
December which will pressurize the the prices further. Prices will
expectedly move closer to the support which at Rs 3550. In prices
manage to breach and trade below it for sufficient time we might
see a further stretch of the declining streak towards the next and
important support mark of Rs 3300. Resistance is seen at Rs 3730
and ant rise in prices from here will be capped aroung that level in
the near term.
IMPORTANT LEVELS
• According to the market participants, tur crop in major producing states
is in normal condition and they are expecting normal yield this year.
However, news of crop loss in some parts of Karnataka is reported.
• As tur crop sowing acreage in India is lower than last year due to shifting
to another competitive crop. India’s tur production for 2017-18 is
estimated at 3.99 million metric tonnes which is 6.11 per cent lower than
the target estimate of 4.25 million metric tonnes of 2017-18.
Mandi Price in Rs/ Quintal
03-11-22017 27-10-2017 %change
Mumbai 3750 3600 4.17
Kanpur 3400 3450 -1.45
Akola 3925 3850 1.95
• As of 04th November, Burma lemon tur is being offered at Rs 3725 per quintal in Mumbai market. However, imports are unlikely to happen as
Indian government has fixed import limit on Tur at 1.5 lakh MT. So, no imports are expected till March 2018.
• Government has opened the exports of Tur, Urad and moong dal. However, disparity between Indian and other exporting countries may not
let Indian exporters to find international buyers.
• Demand of tur has slightly improved from millers to cover their short position at lower level.
• Stock of tur with tarders and stockiest is suffiecient to carter the present demand.Moreover,Government is also trying to offload the pulses
stock bought last year before new procurement season of tur start.
• As per trade sources, central government is changing its policy of buying pulses from the farmers. Now states will be buying pulses according
to their own requirement and central government may give subsidy to the state government.
• Overall score of 3.0 shows that the prices are range bound.
Fundamental Summary
Price Drivers Impact Weightage Score (1-5)*
Good crop condition Bearish 20% 2
Lower production estimate of 2017-18 crop Bullish 25% 4
Export disparity with other exporting countries Bearish 15% 2
Good demand at lower levels Bullish 25% 4
Higher availability with stockiest Bearish 15% 2
Overall fundamental score 3.0
*Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish
Fundamentals- Domestic & International TUR
2500
4100
5700
7300
8900
10500
12100
13700
Jul-1
5
Oct
-15
Jan
-16
Ap
r-16
Jul-1
6
Oct
-16
Jan
-17
Ap
r-17
Jul-1
7
No
v-17
Lemon tur FAQ-Myanmar origin : Mumbai
BACK TO TOP
Date: 7-11-2017
NCML Commodity Market Monitor
Prices continued to consolidate within the ongoing range after
declining fron the highs of Rs 4088 made during the last week of
August. We hold our previous view that the rangebound trading will
continue with buying emerging everytine the prices close down with
the lower band which stands at Rs 3600-3650. Some supply pressure
will be seen around the upper band of the current range of Rs 3860.
Rs 3825-3860 is an important resistance zone which, in the short run
will prevent any sharp escalation in prices. However if prices manage
to surpass Rs 3860 mark we might see fresh buying momentum in
guar prices pushing it even higher towards Rs 4080 mark.
2,800
3,000
3,200
3,400
3,600
3,800
4,000
May
-16
Jun
-16
Au
g-1
6
Oct
-16
De
c-16
Jan
-17
Mar
-17
May
-17
Jul-1
7
Se
p-1
7
Oct
-17
Guarseed-Average : Bikaner
IMPORTANT LEVELS
S2 S1 CMP R1 R2
3510 3575 3710 3825 3860
Outlook: Prices will trade rangebound within Rs 3650-3860 band. A breach of Rs 3890 will push it towards Rs 4050.
• New crop arrivals pressure and subdued demand continues to keep Guar
seed futures and Spot markets trade low. As per market sources there is
some good demand for Guar gum but due to persistent weakness in
futures traders are reluctant to show much interest in active buying.
• Stockists are buying Guar seed, but they have also some limitation as
they have already good quantity of old stocks procured earlier at higher
rates. Stockists are holding 2-3 years old crop with anticipation of better
prices and thus they are unlikely to procure Guar seed this season in bulk
quantity. However crushers demand is expected better due to increasing
trend in Guar gum exports.
Mandi Price in Rs/ Quintal
03-11-2017 27-10-2017 %change
Bikaner (Rajasthan)
3650 3722 -1.93
Barmer (Rajasthan)
3550 3610 -1.66
Deesa (Gujarat)
3550 3587 -1.03
Fundamental Summary
Price Drivers Impact Weightage Score (1-5)*
New crop arrival pressure Bearish 20% 1
Higher export this year Bullish 15% 3
Govt. estimates higher production Bearish 15% 2
Trade sources expects lower production Bullish 25% 4
Higher crushers demand is expected Bullish 25% 4
Overall fundamental score 2.95
*1. Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5. Bullish
Fundamentals- Domestic & International
Price Trend &Technicals
GUAR SEED
• According to traders from Bikaner Guar seed prices are expected to trade range-bound at least in the near term (15-30 days). But, lower
production of Guar seed this season will limit any significant downside.
• Guar gum exports from India in April-September period surged 54 per cent on year to 2.53 lakh tonnes compared to 1.64 lakh tonnes last year
as per the data released by the Agricultural and Processed Food Products Export Development Authority.
• According to Trade sources, Guar seed production in Rajasthan could shrink to 7-8 lakh tonnes this year. And on the other hand, Rajasthan
state agriculture department estimated Guar seed crop around 16.76 lakh tonnes against 14.04 lakh tonnes a year ago.
• According to Industry sources, the country has shipped around 3.25 lakh tonnes of Guar gum during MY 2016-17 and expected to cross 4 lakh
tonnes in 2017-18. Guar seed total availability for the MY 2017-18 is estimated around 17 lakh tonnes against 22-23 lakh tonnes year due to lower
production and carry-over stocks. Opening stocks for the MY 2017-18 estimated around 10 lakh tonnes against 15 lakh tonnes previous year.
The country will require approximately 13 to 13.5 lakh tonnes of Guar seed in order to cater international and domestic demand for Guar gum.
The figure was derived on the basis of export of Guar gum at 4 lakh tonnes and 0.40 lakh tonnes for domestic consumption.
• On 05th Nov’17 Guar seed stocks at NCDEX approved warehouses stood at 23,668 tonnes as compared to 19,755 tonnes same day year ago.
• Overall fundamental score of 2.95 indicates that Guar seed will consolidate with slight bullishness due to expected improvement in demand.
Date: 7-11-2017
NCML Commodity Market Monitor
Fundamentals- Domestic & International CHILLI
Price Trend &Technicals
4000
5600
7200
8800
10400
12000
13600
08
-Fe
b-1
2
16-A
ug
-12
22-F
eb
-13
31-A
ug
-13
09
-Mar
-14
15-S
ep
-14
24-M
ar-1
5
30-S
ep
-15
07-
Ap
r-16
14-O
ct-1
6
22-A
pr-
17
Chillies - Guntur : Bangalore
Chilli prices which were strongly bearish trend have reached the
important support mark in Bangalore market. High production last
season and slackened demand are the factors weighing on the
prices. However the steep fall in acreage this year may lend some
support to the prices in the near term. The chances of sharp pullback
in chilli looks minimal. Prices have hit the lowest level since April 2012
and is currently around its strong support. If Rs 5410 is breached
decisively fresh round of selling can pull down prices further towards
Rs 5280 mark. Failing to breach Rs5410 will support prices in the near
term and push it mildly higher towards Rs 5800.
IMPORTANT LEVELS
S2 S1 CMP R1 R2
5280 5410 5650 5800 6260
Outlook: Prices will further move down closer to Rs 5280 on
a breach of Rs 5410. Else some recovery will take place.
• In 2017-18, red Chilli production is likely to go down by 35% due to lower
sowing area current year as a result of rock bottom prices last year. As on
01 Nov 2017 chilli was sown in 746 ha against 9428 ha last year till date.
• In 2016-17, chilli production was over 17.2 million tonnes compared to 14.5
million tonnes in 2015-16. There weren’t enough cold storages for the
farmers to store the surplus which is why they are forced to sell at very
low prices which also called for farmer protests.
• Due to steep fall in production in the coming year, red Chilli prices likely to
firm up. Clearer picture will emerge once the arrivals of red chillies start in
December-January.
Mandi Price in Rs/ Quintal
03-11-22017 27-10-2017 %change
Guntur 4,109.0 4,059.0 1.2%
Bangalore 5,650.0 5,500.0 2.72%
Fundamental Summary
Price Drivers Impact Weightage Score (1-5)*
Steep fall in acreage and chilli production estimate due to rock bottom prices last year
Bullish 35% 4
Overproduction last year and high carryover stock in existing cold storages
Bearish 30% 2
High export demand for Indian chillies Bulllish 20% 4
High domestic demand Bullish 15% 4
Overall fundamental score 3.4
*Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish
• In Madhya Pradesh, current year farmers are picking chilli at green stage and did not wait for it to get fully matured till red stage as they are
receiving higher prices for green chilli than red chilli prices and bringing their crop to the Bedia mandi. Currently, 200 – 300 bags (1 bag = 35kgs)
green chilli arrivals coming to the market.
• It is estimated that the export of chilli is more than four lakh tonnes during the financial year 2016-17 as against 3.47 lakh tonnes in 2015-16,
according to the Spices Board’s latest reports. Chilli became the most exported spice during April–June 2017 with the shipment of 1,33,000
tonnes, fetching Rs 1,198 crore.
• Good domestic and export demand are underpinning chilli prices. In Guntur and Warangal market, there is continued increasing demand
reported for premium varieties like Teja, US 341, etc.
• As per market sources, in Guntur Chilli cold storage stocks reported higher due to higher production last year. Currently, stocks were estimated
around 193,500 to 211,000 MT compared to last year’s 126,000 to 145,500 MT. As per estimates, around 54,000 to 67,000 MT chilli stocks are likely
to be carried forward for next year.
• Overall fundamental score of 3.4 shows bullishness in chilli prices.
BACK TO TOP
Date: 7-11-2017
NCML Commodity Market Monitor
• Farmers throng markets in Gujarat with huge quantities of groundnut News Link
• Rice drives India's agri exports News Link
• Basmati exporters reap rich dividends News Ljnk
• Soybean prices fall below MSP as arrivals surge during peak harvesting News Link
• Move to impose QRs on pulses may prove to be shortsighted and counter-productive News Link
• Amid bumper cotton crop, CCI eyes 100-lakh-bale procurement News Link
• Exempt brands of staples from 5% GST, urges trade News Link
• Agri-minister asks global companies to invest in India News Link
• Maharashtra sugar mills likely to crush 74% more cane News Link
• India should aim for quantum jump in agro-processing News Link
• Investment in food processing to surpass Rs 65,000 crore: Food processing minister News Link
• Formula to determine import
duty on agricultural products News Link
• FSSAI all set to launch ‘One Nation, One Food Law’ News Link
• 3.3% hike in cane price for SY2017-18 to support profitability of integrated UP-based sugar mills: ICRA News Link
• Weekly grain market view from Europe News Link
News corner
BACK TO TOP
0.09.0
-0.2
1.6
-0.4
0.0
0.2
0.4
-1.9
-2.6
-1.0
1.7
0.56
-9.0 -4.0 1.0 6.0 11.0
Chana
Tur
Wheat
Paddy
Maize
Guar
Soya
Mustard
Cotton
Sugar
Castor
Turmeric
Jeera
% age change since 27th october 2017
OFFICIAL PRODUCTION ESTIMATES
First advance estimates 2017-18 &
previous years’ estimates :
First Advance Estimates 2017-18
Link for commodity-wise and
market-wise prices and arrivals:
http://agmarknet.gov.in/PriceAndArrivals/
CommodityWiseDailyReport2.aspx
MSP in Rs /Qtl- Kharif 2017-18
Commodity 2016-17 2017-18
Paddy Common 1470 1550
paddy grade A 1510 1590
Jowar Hybrid 1625 1700
Jowar Maldandi 1650 1725
Bajra 1330 1425
Ragi 1725 1900
Maize 1365 1425
Tur 5050 5450*
Moong 5225 5575*
Urad 5000 5400*
Groundnut 4220 4450*
Sunflower seed 3950 4100 #
Soyabean black 2775 3050
Sesamum 5000 5300 #
Nigerseed 3825 4050 #
Cotton(Medium Staple) 3680 4020
Cotton(Long Staple) 4160 4320
MSP in Rs /Qtl- Rabi 2017-18
Commodity 2016-17 2017-18
Wheat 1625 1735
Barley 1325 1410
Gram 4000* 4400
Masur (Lentil) 3950* 4250
Rapeseed/Mustard 3700* 4000
Safflower 3700* 4100
Wheat 1625 1735
*includes bonus of Rs 200 per quintal
# includes bonus of Rs 100 per quintal
Date: 7-11-2017
NCML Commodity Market Monitor
Sowing progress: Rabi 2017-18- Detailed report
BACK TO TOP
Date: 7-11-2017
NCML Commodity Market Monitor
STOCK
Stock limits of States/UTs
Answers of NCoMM report dated 5 September 2017: 1. Mustard
2. None of the above
3. 8.1 Million Metric Tonnes
The following people gave correct answers:
Anilkumar Parvathaneni Sandeep shedge Suresh bitlunga Sachin S Powar Kalyan Vidhi Bhasin S. Narendra Shatrughan Date Praveen Kumar Mundra Sonu Supriya Paddalwar Parul Kher Som Dutt Sharma Abhimanyu singh Priyanka Rajeswarareddy. S Mukesh Basetia
Rohith SUVANKAR GOSWAMI Anurag Kushwah Shiv Singh Pravendra singh rawat Gautam Vashistha Babloo Kumar Amit Thakkar Manish kumar rohilla Arun Kumar Anjali Ranjit Pradhan RAHUL GAUTAM Akshay Thoravashe Surya narayan dash Devendra singh
BACK TO TOP
LUCKY WINNER :
Gautam Vashistha
Date: 7-11-2017
NCML Commodity Market Monitor
Advisory Team
Basant Vaid Head: TCIG [email protected]
Sreedhar Nandam Vice President: SCM [email protected]
Research Team
Suresh Solanki Assistant Manager: TCIG [email protected]
Kamna Malhotra Economist: TCIG [email protected]
Akash Jaiswal Research Analyst: TCIG [email protected]
Ansh Aggarwal Senior Officer: Trade Support [email protected]
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