ap daily commodities outlook report 20190402 agriculture rep… · daily price monitoring report 02...
TRANSCRIPT
Pulses Today’s developments:
• DGFT has re-set pulses import quota at 6.5 lakh MT for 1st April
the latest notification Moong, Urad and pea quota has been fixed
financial year. Besides, for tur it has been fixed at 2 lakh MT for the whole year. This means import
volume would remain restricted and it would support cash market price in coming weeks.
• Nafed has decided to slower release of
procurement drive and restricted selling amid negligible import flow remains supportive to cash
chana market. Cash market is likely to touch MSP level soon. At that level some selling by private
trades is expected that may cap rally.Chanamarket is expected to trade in the range of Rs4450
4550 in Delhi cash market.
• Urad and moong market too is likely to trade up due to restricted import and decreasing arrivals in
cash market. This week it may move further up b
are decreasing and stockists are unwilling to release stock at current price in expectation of higher
price. New moong crop from Up is expected from end April/May.Till then market would continue
to get support.
Recent Developments that are still Influencing Markets:
• (27 Feb 2019)Urad cash market could not sustain its firm tempo and decreased by Rs 100 in
Chennai market to Rs 4050for FAQ and Rs4950 for SQ. Actually, slower release at ports due
technical reason helped market to recover. However, issues have been sorted out now and release
is about to start. It would ease availability in cash market of south India and its impact is being seen
on cash market. Apart from this there is weak demand in cash urad ma
its loss by Rs 100 from current level this week. Myanmar is offering urad at $460 & $560 per MT
basis Indian port.
• (25 Feb 2019) Chana in cash market is being traded lower by Rs500
arrival in states like MP and Rajasthan has started increasing. New chana in MP is being sold at
Rs4000-4050 against set MSP of Rs4650. As production is expected to decrease this year to 88/90
lakh tonne, as per trade estimate, procurement target by govt. too has been decreas
state procurement agencies procures higher than expected quantity, price of chana may recover.
However, under prevailing market condition amid weak demand Agriwatch expects chana to move
down by Rs 100-150 from current level.Stake holders s
Recovery is expected May onward.
• (22 Feb 2019)Nafed may stop selling
procurement in MP after Holi. It may support chana market to some extent. There is also f
the market that farmers may prefer not to sell entire quantity of chana as prices are ruling below
MSP in various markets
• (20 Feb 2019)According to Australian Bureau of Meteorology the Pacific Ocean is getting warmer
and chances of El-Nino has incre
lower rainfall in monsoon season. It would affect production of kharif crops. Rabi production is
almost 5 % lower from previous season. Impact of El
the world. It has potential to trigger flood and drought.
• (19 Feb 2019) Chanaprocurement on MSP in Rajasthan commences with slower pace. However,
farmers seem happy with ongoing procurement drive.MP govt may start chana procurement after
Holi, as arrival is expected to improve by then. Some farmers may resort to retain chana stock as
they think market to improve in the second half of the year. Currently price of chana is ruling below
MSP and some improvement is expected at current level. Production s
remains restricted. So, market should recover from current level to a certain extent. However, any
Daily Price Monitoring Report
02 April 2019
set pulses import quota at 6.5 lakh MT for 1st April-2019 to 31st March
the latest notification Moong, Urad and pea quota has been fixed at 1.5 lakh MT each for new
financial year. Besides, for tur it has been fixed at 2 lakh MT for the whole year. This means import
volume would remain restricted and it would support cash market price in coming weeks.
Nafed has decided to slower release of chana during procurement time. Lower crop size,
procurement drive and restricted selling amid negligible import flow remains supportive to cash
chana market. Cash market is likely to touch MSP level soon. At that level some selling by private
pected that may cap rally.Chanamarket is expected to trade in the range of Rs4450
Urad and moong market too is likely to trade up due to restricted import and decreasing arrivals in
cash market. This week it may move further up by Rs 200-300 from current level. Stock with mills
are decreasing and stockists are unwilling to release stock at current price in expectation of higher
price. New moong crop from Up is expected from end April/May.Till then market would continue
Recent Developments that are still Influencing Markets:
Urad cash market could not sustain its firm tempo and decreased by Rs 100 in
Chennai market to Rs 4050for FAQ and Rs4950 for SQ. Actually, slower release at ports due
son helped market to recover. However, issues have been sorted out now and release
is about to start. It would ease availability in cash market of south India and its impact is being seen
on cash market. Apart from this there is weak demand in cash urad market. So, urad may extend
its loss by Rs 100 from current level this week. Myanmar is offering urad at $460 & $560 per MT
Chana in cash market is being traded lower by Rs500-600 per qtl. from MSP. New
ke MP and Rajasthan has started increasing. New chana in MP is being sold at
4050 against set MSP of Rs4650. As production is expected to decrease this year to 88/90
lakh tonne, as per trade estimate, procurement target by govt. too has been decreas
state procurement agencies procures higher than expected quantity, price of chana may recover.
However, under prevailing market condition amid weak demand Agriwatch expects chana to move
150 from current level.Stake holders should by below Rs3800/3900 and hold it.
Recovery is expected May onward.
Nafed may stop selling chana in open market by the end of this week and commence
procurement in MP after Holi. It may support chana market to some extent. There is also f
the market that farmers may prefer not to sell entire quantity of chana as prices are ruling below
According to Australian Bureau of Meteorology the Pacific Ocean is getting warmer
Nino has increased now from 50 to 70 %.If it materializes India would receive
lower rainfall in monsoon season. It would affect production of kharif crops. Rabi production is
almost 5 % lower from previous season. Impact of El-Nino affects differently in different parts
the world. It has potential to trigger flood and drought.
procurement on MSP in Rajasthan commences with slower pace. However,
farmers seem happy with ongoing procurement drive.MP govt may start chana procurement after
rival is expected to improve by then. Some farmers may resort to retain chana stock as
they think market to improve in the second half of the year. Currently price of chana is ruling below
MSP and some improvement is expected at current level. Production size is lower and import
remains restricted. So, market should recover from current level to a certain extent. However, any
Price Monitoring Report
02 April 2019
2019 to 31st March-2020.As per
at 1.5 lakh MT each for new
financial year. Besides, for tur it has been fixed at 2 lakh MT for the whole year. This means import
volume would remain restricted and it would support cash market price in coming weeks.
chana during procurement time. Lower crop size,
procurement drive and restricted selling amid negligible import flow remains supportive to cash
chana market. Cash market is likely to touch MSP level soon. At that level some selling by private
pected that may cap rally.Chanamarket is expected to trade in the range of Rs4450-
Urad and moong market too is likely to trade up due to restricted import and decreasing arrivals in
300 from current level. Stock with mills
are decreasing and stockists are unwilling to release stock at current price in expectation of higher
price. New moong crop from Up is expected from end April/May.Till then market would continue
Urad cash market could not sustain its firm tempo and decreased by Rs 100 in
Chennai market to Rs 4050for FAQ and Rs4950 for SQ. Actually, slower release at ports due
son helped market to recover. However, issues have been sorted out now and release
is about to start. It would ease availability in cash market of south India and its impact is being seen
rket. So, urad may extend
its loss by Rs 100 from current level this week. Myanmar is offering urad at $460 & $560 per MT
600 per qtl. from MSP. New
ke MP and Rajasthan has started increasing. New chana in MP is being sold at
4050 against set MSP of Rs4650. As production is expected to decrease this year to 88/90
lakh tonne, as per trade estimate, procurement target by govt. too has been decreased this year.If
state procurement agencies procures higher than expected quantity, price of chana may recover.
However, under prevailing market condition amid weak demand Agriwatch expects chana to move
hould by below Rs3800/3900 and hold it.
in open market by the end of this week and commence
procurement in MP after Holi. It may support chana market to some extent. There is also fear in
the market that farmers may prefer not to sell entire quantity of chana as prices are ruling below
According to Australian Bureau of Meteorology the Pacific Ocean is getting warmer
ased now from 50 to 70 %.If it materializes India would receive
lower rainfall in monsoon season. It would affect production of kharif crops. Rabi production is
Nino affects differently in different parts of
procurement on MSP in Rajasthan commences with slower pace. However,
farmers seem happy with ongoing procurement drive.MP govt may start chana procurement after
rival is expected to improve by then. Some farmers may resort to retain chana stock as
they think market to improve in the second half of the year. Currently price of chana is ruling below
ize is lower and import
remains restricted. So, market should recover from current level to a certain extent. However, any
big spike is unlikely. In Delhi market, chana is being traded at Rs4275
remains weak.
• (18 Feb 2019)Chanaprocurem
in MP is expected after Holi.It is on in Mah& South Indian states.
• (15 Feb 2019)Govt may allow 3 lakh MT
20.It is almost same as last year
is a gossip in the market that licensing process for dal millers has begun in this regard.
• (12 Feb 2019) Nafed has no
As prices are ruling below MSP in AP market, Nafed would start purchasing chana on MSP from 15
Of March-2019.As arrival in north and central India is increasing, any major spike is unlikely
continue. Some support might be seen with commencement of procurement in MSP.Peak arrival
season is expected from 20th March. So after Holi, pressure might be felt once again despite lower
crop size this year. New season has started with hefty carry in
has around 19 lakh tonne stock in its custody.
Price & Arrival:
State/District Market 01 Apr
Andhra
Pradesh
Guntur(Got
a Branded)
Andhra
Pradesh Vijaywada closed
Tamil Nadu Villupuram
Tamil Nadu Chennai
State/District Market 01 Apr
Andhra
Pradesh
Yemmiganu
r
Andhra
Pradesh Kurnool
Maharashtra Akola
Andhra
Pradesh Vijayawada closed
Daily Price Monitoring Report
02 April 2019
big spike is unlikely. In Delhi market, chana is being traded at Rs4275-4350 per qtl. Demand
Chanaprocurement on MSP in Rajasthan commences with slower pace.Procurement
in MP is expected after Holi.It is on in Mah& South Indian states.
Govt may allow 3 lakh MT tur,1.5lakh MT moong and 2lakh MT urad
20.It is almost same as last year except 1lakh tonne increase in tur and 0.5 lakh tonne in urad.There
is a gossip in the market that licensing process for dal millers has begun in this regard.
Nafed has no chana stock in AP. So selling through tender is unlikely to continue.
As prices are ruling below MSP in AP market, Nafed would start purchasing chana on MSP from 15
2019.As arrival in north and central India is increasing, any major spike is unlikely
continue. Some support might be seen with commencement of procurement in MSP.Peak arrival
March. So after Holi, pressure might be felt once again despite lower
crop size this year. New season has started with hefty carry in of 21 lakh tonne.Out of total Nafed
has around 19 lakh tonne stock in its custody.
Black Gram
Modal Price
(Rs/Qtl) Chang
e
Arrivals (Qtl)
Chang
01 Apr
2019
30 Mar
2019
01
Apr
2019
30
Mar
2019
7600 7500 +100 NA NA
closed closed - close
d
close
d
5699 NA - 65 NA
4475 4325 +150 NA NA
Tur
Modal Price
(Rs/Qtl) Chang
e
Arrivals (Qtl)
Chang
01 Apr
2019
30 Mar
2019
01
Apr
2019
30
Mar
2019
3606 4360 -754 4 2
NA 3098 - NA 2
5250 NA - 103 NA
closed closed - close
d
close
d
Price Monitoring Report
02 April 2019
4350 per qtl. Demand
ent on MSP in Rajasthan commences with slower pace.Procurement
urad import for 2019-
except 1lakh tonne increase in tur and 0.5 lakh tonne in urad.There
is a gossip in the market that licensing process for dal millers has begun in this regard.
stock in AP. So selling through tender is unlikely to continue.
As prices are ruling below MSP in AP market, Nafed would start purchasing chana on MSP from 15th
2019.As arrival in north and central India is increasing, any major spike is unlikely to
continue. Some support might be seen with commencement of procurement in MSP.Peak arrival
March. So after Holi, pressure might be felt once again despite lower
of 21 lakh tonne.Out of total Nafed
Chang
e Source
- Agriwatch
- Agriwatch
- Agmarkne
t
- Agriwatch
Chang
e Source
2 eNAM
- eNAM
- eNAM
- Agriwatch
State/District Market
Rajasthan Jodhpur
Karnataka Gulbarga
Madhya
Pradesh Harda
Andhra Pradesh Vijayawada
State/District Market
Andhra Pradesh Kurnool
Andhra Pradesh Yemmiganu
r
Madhya
Pradesh Indore
Rajasthan Bikaner
Chana at NCDEX
Contract Open
19-Apr 4345
19-May 4445
19-Jun 4501
As on 01 April - 2019 at 5pm
Daily Price Monitoring Report
02 April 2019
Moong
Modal Price
(Rs/Qtl) Chang
e
Arrivals (Qtl)
Chang
01 Apr
2019
30 Mar
2019
01
Apr
2019
30
Mar
2019
4308 NA - 8 NA
NA 5075 - NA 100
NA NA - NA NA
closed closed - close
d
close
d
Chana
Modal Price
(Rs/Qtl) Chang
e
Arrivals (Qtl)
Chang
01 Apr
2019
30 Mar
2019
01
Apr
2019
30
Mar
2019
NA 4219 - NA 4
4293 NA - 14 NA
closed closed - close
d
close
d
NA NA - NA NA
High Low Close Change
4503 4370 4487 +142
4561 4427 4546 +146
4609 4501 4601 +151
2019 at 5pm
Price Monitoring Report
02 April 2019
Chang
e Source
- eNAM
- Agmarkne
t
- Agmarkne
t
- Agriwatch
Chang
e Source
- eNAM
- eNAM
- Agriwatch
- eNAM
Volume O.Int
38570 39570
46930 45370
7260 10700
2019 at 5pm Rs/Quintal
Groundnut
Current Developments:
• On 29th March 2019, Nafed disposed total 516.82 MT of groundnut pods K
centres of Rajasthan at the price range of Rs.3971 to 4209 /Quintal. It has also disposed 1400 MT
of groundnut K-17 at various centres of Gujarat. Total
remaining balance in Gujarat. It has no disposable stocks groundnut K
Pradesh and Karnataka.
Recent Developments that are still Influencing Markets:
• (27.03.2019) Standing groundnut crops can get relief in Nagarkurnool and Wanaparthy districts as
the state government has released Krishna water.
• (20.03.2019) As per APEDA data, groundnut shipment stood at 394054 MT during April
2019 amounting total Rs. 2635
However, the exports value is higher from 357347.49 MT in December month.
• (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 2017/18.
Kharif groundnut crop size during 2018
17.74% than the production of 66.15 million tonnes in 2
rainfall at initial stage of crop and lower acreage are the main reason to cut output of Groundnut.
• (22.02.2019) We expects AP groundnut crop size at 4.21 lakh metric tonnes for 2018/19 season
lower from previous year crop size i.e. 5.48 lakh metric tonnes as farmers are covering lower
sowing area so far.
• (15.02.2019) As per recent ministry report, total groundnut area in India has been reported down
at 4.81 Lakh hac. in this year as compared to 6.27 lakh hac. in previ
0.58 lakh hac. for this year which is lower than 0.85 lakh hac. in the previous year.
• (6.02.2019) As per recent updates from DGCIS, Gujarat shipped total 1.79 lakh tonnes groundnut
worth Rs. 1224 crore in April to Novemb
groundnut around 2.50 lakh tonnes during this end of this fiscal due to less competitive prices in
domestic & global market. In 2017/18, Gujarat's shipment was recorded at 3.22 lakh tonnes (value
at Rs. 2115 crore). Lowest volume of Gujarat's exports may reduce total groundnut exports volume
of India for the season 2018/19.
• (18.01.2019)-In the second advanced estimates AP has downward revised the Kharif production
estimate of GN to 3.29 lakh tons
groundnut production is estimated at 1.49 lakh tons.
Daily Price Monitoring Report
02 April 2019
Nafed disposed total 516.82 MT of groundnut pods K-18 including various
centres of Rajasthan at the price range of Rs.3971 to 4209 /Quintal. It has also disposed 1400 MT
17 at various centres of Gujarat. Total 292321.25 MT of groundnut K
remaining balance in Gujarat. It has no disposable stocks groundnut K-17 in Rajasthan, Andhra
Recent Developments that are still Influencing Markets:
Standing groundnut crops can get relief in Nagarkurnool and Wanaparthy districts as
the state government has released Krishna water.
As per APEDA data, groundnut shipment stood at 394054 MT during April
2019 amounting total Rs. 2635 crore. The shipment is lower from 504017.86
However, the exports value is higher from 357347.49 MT in December month.
In the second advanced estimates, ministry expects lower Indian groundnut crop
lakh tonnes for 2018/19 season against 82.17 lakh tonnes in 2017/18.
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
crop size i.e. 5.48 lakh metric tonnes as farmers are covering lower
As per recent ministry report, total groundnut area in India has been reported down
at 4.81 Lakh hac. in this year as compared to 6.27 lakh hac. in previous year. In AP, it is recorded at
0.58 lakh hac. for this year which is lower than 0.85 lakh hac. in the previous year.
As per recent updates from DGCIS, Gujarat shipped total 1.79 lakh tonnes groundnut
worth Rs. 1224 crore in April to November of the 2018/19 fiscal. The state may export lower size of
groundnut around 2.50 lakh tonnes during this end of this fiscal due to less competitive prices in
domestic & global market. In 2017/18, Gujarat's shipment was recorded at 3.22 lakh tonnes (value
at Rs. 2115 crore). Lowest volume of Gujarat's exports may reduce total groundnut exports volume
of India for the season 2018/19.
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.
Price Monitoring Report
02 April 2019
18 including various
centres of Rajasthan at the price range of Rs.3971 to 4209 /Quintal. It has also disposed 1400 MT
MT of groundnut K-17 are the
17 in Rajasthan, Andhra
Standing groundnut crops can get relief in Nagarkurnool and Wanaparthy districts as
As per APEDA data, groundnut shipment stood at 394054 MT during April-January
504017.86 MT in last year.
In the second advanced estimates, ministry expects lower Indian groundnut crop
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
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
crop size i.e. 5.48 lakh metric tonnes as farmers are covering lower
As per recent ministry report, total groundnut area in India has been reported down
ous year. In AP, it is recorded at
0.58 lakh hac. for this year which is lower than 0.85 lakh hac. in the previous year.
As per recent updates from DGCIS, Gujarat shipped total 1.79 lakh tonnes groundnut
er of the 2018/19 fiscal. The state may export lower size of
groundnut around 2.50 lakh tonnes during this end of this fiscal due to less competitive prices in
domestic & global market. In 2017/18, Gujarat's shipment was recorded at 3.22 lakh tonnes (value
at Rs. 2115 crore). Lowest volume of Gujarat's exports may reduce total groundnut exports volume
In the second advanced estimates AP has downward revised the Kharif production
Advanced estimates. Rabi
Price & Arrival:
State/Distric
t Market Variety
Andhra
Pradesh
Adoni
Dharmavaram Local
Gooti Local
Guntakal Local
Kadapa Local
Kadiri Local
Kalyandurg
Kurnool
Madakasira JL-24
Penukonda Local
Piler Local
Rayachoti Local
Srikalahasti Other
Tenakallu Local
Yemmiganur
Gujarat
Bhavnagar
Deesa
Jamnagar
Rajkot
Telangana
Nagarkurnool
Suryapeta
Tandur
Wanaparthy
Town
Daily Price Monitoring Report
02 April 2019
Groundnut
Modal Price
(Rs/Qtl)
Change
Arrivals (Qtl)
02-Apr-
19
01-Apr-
19
02-Apr-
19
01-
Apr-
19
4689 4940 -251 34 41
NA NA NA NA NA
NA NA NA NA NA
NA NA NA NA NA
4739 4300 +439 46 32
NA NA NA NA NA
NA NA NA NA NA
NA 4399 NA NA 14
NA NA NA NA NA
NA NA NA NA NA
NA NA NA NA NA
NA NA NA NA NA
NA NA NA NA NA
NA NA NA NA NA
NA NA NA NA NA
NA NA NA NA NA
NA NA NA NA NA
NA NA NA NA NA
NA NA NA NA NA
NA NA NA NA NA
3825 4419 -594 30 2
4151 4203 -52 19 41
4190 3799 +391 6 10
Price Monitoring Report
02 April 2019
Change Source
-7 NAM
NA Agmarknet
NA Agmarknet
NA Agmarknet
+14 NAM
NA Agmarknet
NA Agmarknet
NA NAM
NA Agmarknet
NA Agmarknet
NA Agmarknet
NA Agmarknet
NA Agmarknet
NA Agmarknet
NA NAM
NA NAM
NA NAM
NA NAM
NA NAM
NA NAM
+28 NAM
-22 NAM
-4 NAM
Onion
Today’s Developments (No Significant developments today)
Recent Developments that are still influencing the Market:
• (01 April 2019) - In Gujarat, arrivals in last week of March month (24
reported 25% higher than last year. Highest arrivals reported in Mahuva and Bhavnagar which
contribute approximately 75% of total arrivals.
• (29 March 2019) -Lasalgaon market is closed because of March closing and will reopen on 2
April. Prices in most of the markets have increased by Rs. 50 to Rs. 150/ quintal.
• (26 March 2019) - Onion prices reported higher in most of the markets amid lower production
estimates in Maharashtra.
• (23 March 2019) -Prices reported slightly firm in most of the mark
producing regions.
• (18 March 2019) -In Lasalgaon, arrivals reported lower because farmers are not bring their crop
in market because of current prevailing lower prices and expectation of higher prices in coming
months.
• (18 March 2019) -Higher arrivals reported in almost all the markets because of peak Rabi
harvesting season.
• (14 March 2019) - In Lasalgaon prices has increased in last few days amid tight supply
expectation of Rabi crop ahead. Prices has touched a high level of R
quintal earlier.
• (12 March 2019) - According to trade sources, State government of M.P has asked traders and
other procuring agency to buy onion at minimum Rs 800/ quintal and traders will be provided
upto 75% subsidy on storage and transport if commodity is sold outside State.
• (12 March 2019) - Prices in coming months are expected to remain on higher side because of
lower rabi acreage in major producing regions.
Price and Arrivals in Major Markets
State Market
Modal Wholesale Prices (Rs/Qtl)
01 Apr
2019
Gujarat Ahmedabad 625
Rajkot 475
Karnataka Bangalore 700
Belgaum NA
Madhya Pradesh Indore NA
Maharashtra Lasalgaon Closed
Pune 400
Andhra Pradesh Kurnool NA
Rajasthan Jaipur 675
Telangana Hyderabad 650
Daily Price Monitoring Report
02 April 2019
(No Significant developments today)
Recent Developments that are still influencing the Market:
In Gujarat, arrivals in last week of March month (24th -
reported 25% higher than last year. Highest arrivals reported in Mahuva and Bhavnagar which
contribute approximately 75% of total arrivals.
Lasalgaon market is closed because of March closing and will reopen on 2
es in most of the markets have increased by Rs. 50 to Rs. 150/ quintal.
Onion prices reported higher in most of the markets amid lower production
Prices reported slightly firm in most of the markets amid lower arrivals from
In Lasalgaon, arrivals reported lower because farmers are not bring their crop
in market because of current prevailing lower prices and expectation of higher prices in coming
Higher arrivals reported in almost all the markets because of peak Rabi
In Lasalgaon prices has increased in last few days amid tight supply
expectation of Rabi crop ahead. Prices has touched a high level of Rs. 900/ quintal from Rs. 600/
According to trade sources, State government of M.P has asked traders and
other procuring agency to buy onion at minimum Rs 800/ quintal and traders will be provided
ge and transport if commodity is sold outside State.
Prices in coming months are expected to remain on higher side because of
lower rabi acreage in major producing regions.
Price and Arrivals in Major Markets
Onion
Wholesale Prices (Rs/Qtl) Arrivals in Tons
01 Apr
30 Mar
2019 Change
01 Apr
2019
30 Mar
2019
625 Unch 488 853
425 +50 200 230
700 Unch 4934 1810
800 - NA 695
500 - NA 1083
Closed - Closed Closed
NA - 1082 NA
NA - NA NA
650 +25 183 680
650 Unch 450 550
Price Monitoring Report
02 April 2019
-31st March 2019)
reported 25% higher than last year. Highest arrivals reported in Mahuva and Bhavnagar which
Lasalgaon market is closed because of March closing and will reopen on 2nd
es in most of the markets have increased by Rs. 50 to Rs. 150/ quintal.
Onion prices reported higher in most of the markets amid lower production
ets amid lower arrivals from
In Lasalgaon, arrivals reported lower because farmers are not bring their crop
in market because of current prevailing lower prices and expectation of higher prices in coming
Higher arrivals reported in almost all the markets because of peak Rabi
In Lasalgaon prices has increased in last few days amid tight supply
s. 900/ quintal from Rs. 600/
According to trade sources, State government of M.P has asked traders and
other procuring agency to buy onion at minimum Rs 800/ quintal and traders will be provided
Prices in coming months are expected to remain on higher side because of
Arrivals in Tons
Source 30 Mar
Change
-364 Agmarknet
-30 Agmarknet
+3124 Agmarknet
- Agmarknet
- Agmarknet
Closed - Agmarknet
- Agmarknet
- Agmarknet
-497 Agmarknet
-100 Agmarknet
Potato Today’s Development:
• In U.P, potato acreage is estimated to be 5.80 lakh hectares compared to 6.10 lakh hectares.
Loading is in progress and so far approximately 80%
this year compared to last year. Traders are expecting capacity utilization of 87
compared to 78% last year.
Developments that are still influencing the Markets:
• (01 April 2019) -In West Bengal, loading
80% loading is completed compared to last year’s 92% during this time.
• (29 March 2019) - In West Bengal, loading prices has increased to Rs 700/ qtl compared to Rs
450/ quintal 2 weeks back because o
• (27 March 2019) - Potato prices are firm in most of the markets across the country because in
West Bengal it is estimated
• (26 March 2019) - According to
and West Bengal.
• (25 March 2019) - In West Bengal, prices have increased in last few day by Rs 150
quintal and presently trading at Rs 500
decreased the productivity
• (20 March 2019) - In Gujarat, loading is in progress and so far approximately 50% loading is
completed. Traders are expecting approximately 85
of 28.75 lakh tons.
• (18 March 2019) - In West Bengal, loading in cold storage is in progress and so far approximately
45% loading is completed compared to last year 55% loading by this time.
• (18 March 2019) - In West Bengal, loading prices are trading near Rs 450/ quintal compared to
last year prices of Rs 800/ quintal during this time. Traders are expecting 100% capacity
utilization this year amid bumper production.
• (15 March 2019) - In Punjab, loading in cold stores is in progress and pace of storage is slower
than last year because rains disrupt
compared to last year 60-65% loading by this time.
• (14 March 2019) - In West Bengal, prices which were slightly tight amid rains in producing
regions 2-3 days back has again fall down and trading nea
supply.
Price and Arrivals at Major Markets
State Markets
Modal Wholesale Prices (Rs/Qtl)
01 Apr
2019
Gujarat Surat 700
Andhra Pradesh Palamaner 1000
Karnataka Bangalore 1000
Belgaum NA
Madhya Pradesh Indore NA
Maharashtra Pune 900
Delhi Delhi 608
Uttar Pradesh Agra NA
Daily Price Monitoring Report
In U.P, potato acreage is estimated to be 5.80 lakh hectares compared to 6.10 lakh hectares.
Loading is in progress and so far approximately 80% loading is completed. Loading is delayed
this year compared to last year. Traders are expecting capacity utilization of 87
compared to 78% last year.
Developments that are still influencing the Markets:
In West Bengal, loading in cold storages is in progress and so far approximately
80% loading is completed compared to last year’s 92% during this time.
In West Bengal, loading prices has increased to Rs 700/ qtl compared to Rs
450/ quintal 2 weeks back because of crop damage in later stage harvesting.
Potato prices are firm in most of the markets across the country because in
West Bengal it is estimated 85% capacity utilization this year compared to 92% last year.
According to trade sources demand from South India is maximum from U.P
In West Bengal, prices have increased in last few day by Rs 150
quintal and presently trading at Rs 500-Rs 550/quintal because of rains at later stage has
In Gujarat, loading is in progress and so far approximately 50% loading is
completed. Traders are expecting approximately 85-90% loading this year from a total storage
est Bengal, loading in cold storage is in progress and so far approximately
45% loading is completed compared to last year 55% loading by this time.
In West Bengal, loading prices are trading near Rs 450/ quintal compared to
ces of Rs 800/ quintal during this time. Traders are expecting 100% capacity
utilization this year amid bumper production.
In Punjab, loading in cold stores is in progress and pace of storage is slower
than last year because rains disrupted the supply. Approximately 20-30% loading is completed
65% loading by this time.
In West Bengal, prices which were slightly tight amid rains in producing
3 days back has again fall down and trading near Rs 450/ quintal because of normal
Price and Arrivals at Major Markets
Potato
Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons
30 Mar
2019 Change
01 Apr
2019
30 Mar
2019
875 -175 725 740
1000 Unch 1 1
1100 -100 2501 1488
1300 - NA 360
800 - NA 594
NA - 477 NA
622 -14 2131 1252
580 - NA 1520
Price Monitoring Report
02nd
April,2019
In U.P, potato acreage is estimated to be 5.80 lakh hectares compared to 6.10 lakh hectares.
loading is completed. Loading is delayed
this year compared to last year. Traders are expecting capacity utilization of 87-92% in U.P
in cold storages is in progress and so far approximately
In West Bengal, loading prices has increased to Rs 700/ qtl compared to Rs
Potato prices are firm in most of the markets across the country because in
to 92% last year.
trade sources demand from South India is maximum from U.P
In West Bengal, prices have increased in last few day by Rs 150-Rs 200/
Rs 550/quintal because of rains at later stage has
In Gujarat, loading is in progress and so far approximately 50% loading is
90% loading this year from a total storage
est Bengal, loading in cold storage is in progress and so far approximately
In West Bengal, loading prices are trading near Rs 450/ quintal compared to
ces of Rs 800/ quintal during this time. Traders are expecting 100% capacity
In Punjab, loading in cold stores is in progress and pace of storage is slower
30% loading is completed
In West Bengal, prices which were slightly tight amid rains in producing
r Rs 450/ quintal because of normal
Arrivals in Tons
Source 30 Mar
Change
-15 Agmarknet
+0.80 NAM
+1013 Agmarknet
- Agmarknet
- Agmarknet
- Agmarknet
+879 Agmarknet
- Agmarknet
Tomato Today’s Developments:
• Prices are coming down in most of the
Developments that are still influencing the Market:
• (01 April 2019) -In Madanapalle, modal prices has increased to Rs. 1500 amid lower arrivals
from producing regions.
• (01 April 2019) -Prices are firm in
regions.
• (01 April 2019) -In Uttar Pradesh, tomato crop is coming in market from Sitapur, Agra, Merrut,
Jaunpur, Faizabad. Arrivals are expected to increase in coming days.
• (29 March 2019) - Tomato prices are expected to remain on higher side for coming couple of
weeks in most of the markets.
• (25 March 2019) - In Andhra Pradesh, prices reported firm in most of the markets amid lower
arrivals from producing regions.
• (23 March 2019) - Prices in
weeks because of lower arrivals from M.P and U.P.
• (19 March 2019) -Across the country tomato crop is coming in market from M.P, Rajasthan,
Gujarat, Uttar Pradesh and smaller quantity from South
• (18 March 2019) - In North India, tomato prices reported higher because of lower crop from
producing regions of U.P as previous week rains has damaged the crop to some extent.
• (14 March 2019) - Tomato prices have increased in most of the markets ami
producing regions of Uttar Pradesh and Karnataka. Tomato crop from U.P is coming in lower
quantity because previous weeks rains has damaged the crop to some extent.
• (12 March 2019) - In Maharashtra, Peak season starts from August month
mainly comes from local region only during this period of time. Presently crop is coming is
coming in market from other parts of Maharashtra but in smaller.
• (12 March 2019) - In Madhya Pradesh, tomato crop is coming in market from Jabalpur,
and Indore. Crop size is expected to be smaller in coming days.
Price and Arrivals in Major Markets
State Markets
Modal Wholesale Prices (Rs/Qtl.)
01 Apr
2019
Andhra
Pradesh
Mulakalacheruvu NA
Madanapalle 1400
Kalikiri 1330
Pattikonda NA
Gurramkonda 800
Karnataka Chintamani 900
Kolar 1333
Maharashtra Pune 1300
Delhi Delhi 1147
Telangana Bowenpally NA
Daily Price Monitoring Report
Prices are coming down in most of the markets amid higher arrivals from producing regions.
Developments that are still influencing the Market:
In Madanapalle, modal prices has increased to Rs. 1500 amid lower arrivals
Prices are firm in most of the markets because of lower arrivals from producing
In Uttar Pradesh, tomato crop is coming in market from Sitapur, Agra, Merrut,
Jaunpur, Faizabad. Arrivals are expected to increase in coming days.
Tomato prices are expected to remain on higher side for coming couple of
weeks in most of the markets.
In Andhra Pradesh, prices reported firm in most of the markets amid lower
arrivals from producing regions.
Prices in North India are expected to remain range bound for coming few
weeks because of lower arrivals from M.P and U.P.
Across the country tomato crop is coming in market from M.P, Rajasthan,
Gujarat, Uttar Pradesh and smaller quantity from South India.
In North India, tomato prices reported higher because of lower crop from
producing regions of U.P as previous week rains has damaged the crop to some extent.
Tomato prices have increased in most of the markets amid lower supply from
producing regions of Uttar Pradesh and Karnataka. Tomato crop from U.P is coming in lower
quantity because previous weeks rains has damaged the crop to some extent.
In Maharashtra, Peak season starts from August month
mainly comes from local region only during this period of time. Presently crop is coming is
coming in market from other parts of Maharashtra but in smaller.
In Madhya Pradesh, tomato crop is coming in market from Jabalpur,
and Indore. Crop size is expected to be smaller in coming days.
Price and Arrivals in Major Markets
Tomato
Modal Wholesale Prices (Rs/Qtl.) Arrivals in Tons
01 Apr
2019
30 Mar
2019 Change
01 Apr
2019
30 Mar
2019
800 - NA 30
1400 1500 -100 36 23
1330 1130 +200 14 13
NA - NA NA
1240 -440 6 4
933 -33 58 60
1333 1334 -1 77 73
1300 NA - 239 NA
1147 1316 -169 682 814
1500 - NA 148
Price Monitoring Report
02nd
April,2019
markets amid higher arrivals from producing regions.
In Madanapalle, modal prices has increased to Rs. 1500 amid lower arrivals
most of the markets because of lower arrivals from producing
In Uttar Pradesh, tomato crop is coming in market from Sitapur, Agra, Merrut,
Tomato prices are expected to remain on higher side for coming couple of
In Andhra Pradesh, prices reported firm in most of the markets amid lower
North India are expected to remain range bound for coming few
Across the country tomato crop is coming in market from M.P, Rajasthan,
In North India, tomato prices reported higher because of lower crop from
producing regions of U.P as previous week rains has damaged the crop to some extent.
d lower supply from
producing regions of Uttar Pradesh and Karnataka. Tomato crop from U.P is coming in lower
In Maharashtra, Peak season starts from August month onward and crop
mainly comes from local region only during this period of time. Presently crop is coming is
In Madhya Pradesh, tomato crop is coming in market from Jabalpur, Shivpuri
Arrivals in Tons
Source 30 Mar
2019 Change
- Agmarknet
+13.6 NAM
+1.1 NAM
- NAM
+1.5 NAM
-2 Agmarknet
+4.4 Agmarknet
- Agmarknet
-131.9 Agmarknet
- Agmarknet
Turmeric Today’s Developments:
• In Nizamabad, current season new Turmeric arrivals reported around 45,500 MT till 28th March
compared to last year same period 43,610 MT, 4.3% reported up from last year.
• In Warangal market new Turmeric likely to enter after 15th April.
Recent Developments that are still Influencing Markets:
• In Andhra Pradesh, Duggirala market new turmeric likely to enter from April first week and after
Lok Sabha election (11th April) quantity likely to increase. Sources revealed that, farmer are
preparing fresh turmeric for boiling after that it will sundry for next ten to fifteen days.
• Due to moisture content new crop supply buyers reported unresponsive.
• As per Agriwatch’s estimate in Andhra Pradesh, acreage to rise by 8% from last year’s 15,941
hectares to 17,216 hectares due to increase in prices. Production is likely to rise from 57,335 MT
(basis dry crop) last year to 61,921 MT current year.
• As per Agriwatch’s Second advance production estimate, Turmeric production for 2019
estimated at 532,353 MT (basis
production may go down further as Maharashtra standing crop is at very crucial stage.
Prices & Arrivals
State Market Variety Modal Price (Rs/Qtl)
01-Apr
Andhra
Pradesh
Duggirala Finger 5381
Bulb 5225
Kadapa Finger NA
Bulb NA
Telangana
Nizamabad Finger 5050
Bulb 4000
Warangal Finger 6550
Round 6350
Tamil Nadu Erode Finger NA
Bulb NA
NCDEX:
Contract Change Open
19 Apr +186.00 6108.00
19 May +168.00 6170.00
19 Jun +150.00 6330.00
As on 01st April, 2019 at 5:00 pm Prices in Rs/quintal, V
Daily Price Monitoring Report
In Nizamabad, current season new Turmeric arrivals reported around 45,500 MT till 28th March
compared to last year same period 43,610 MT, 4.3% reported up from last year.
In Warangal market new Turmeric likely to enter after 15th April.
ts that are still Influencing Markets:
In Andhra Pradesh, Duggirala market new turmeric likely to enter from April first week and after
Lok Sabha election (11th April) quantity likely to increase. Sources revealed that, farmer are
for boiling after that it will sundry for next ten to fifteen days.
Due to moisture content new crop supply buyers reported unresponsive.
As per Agriwatch’s estimate in Andhra Pradesh, acreage to rise by 8% from last year’s 15,941
hectares due to increase in prices. Production is likely to rise from 57,335 MT
(basis dry crop) last year to 61,921 MT current year.
As per Agriwatch’s Second advance production estimate, Turmeric production for 2019
estimated at 532,353 MT (basis dry crop) compared to previous year’s 476,771 MT. Turmeric
production may go down further as Maharashtra standing crop is at very crucial stage.
Turmeric
Modal Price (Rs/Qtl) Change
Arrivals (Qtl)
Apr-19 30-Mar-19 01-Apr-19 30-Mar
5381 NA - NA NA
5225 NA -
NA - NA NA
NA -
5050 4600 +450 209 326
4000 4169 -169
6550 Closed - NA NA
6350 Closed -
6359 - NA 1842.9
5669 -
Turmeric at NCDEX
High Low Close
6324.00 6102.00 6270.00
6354.00 6170.00 6330.00
6436.00 6306.00 6416.00
As on 01st April, 2019 at 5:00 pm Prices in Rs/quintal, Volumes and Open interest in MT
Price Monitoring Report
02nd
April,2019
In Nizamabad, current season new Turmeric arrivals reported around 45,500 MT till 28th March
compared to last year same period 43,610 MT, 4.3% reported up from last year.
In Andhra Pradesh, Duggirala market new turmeric likely to enter from April first week and after
Lok Sabha election (11th April) quantity likely to increase. Sources revealed that, farmer are
for boiling after that it will sundry for next ten to fifteen days.
As per Agriwatch’s estimate in Andhra Pradesh, acreage to rise by 8% from last year’s 15,941
hectares due to increase in prices. Production is likely to rise from 57,335 MT
As per Agriwatch’s Second advance production estimate, Turmeric production for 2019-20 is
dry crop) compared to previous year’s 476,771 MT. Turmeric
production may go down further as Maharashtra standing crop is at very crucial stage.
Change Source
Mar-19
NA - NAM
NA - NAM
326 -117 NAM
NA - Agriwatch
1842.9 - Agmarknet
Volume O.Int
2990 6125
3695 9970
595 1170
olumes and Open interest in MT
Chilli Today’s Developments:
• Continued export demand reported well from China, Sri Lanka, Malaysia, Bangladesh and UAE etc.
• As per trade information, chilli cold storage stocks as on date (including old and new crops) in
Guntur stood at 157,500 to 162,000 MT and in Andhra Pradesh aro
according to various trade estimates.
Recent Developments that are still Influencing Markets:
• In Andhra Pradesh, Chilli sowing for the Rabi season as of 13th Mar reported at 14,385 hectare as
compared to 20,453 hectare in the corresponding period last year. Normal area reported 25,950
hectare. Chili is at flowering to picking stage.
• Overall, the average rainfall received in Andhra Pradesh from 1
as 594.9 mm as against the Normal as on date of 873.8 mm showing by Deficit
• New crop supply continued in Guntur market, however current year quality reported
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 87,608
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’s production was 10.50 lakh MT.
Prices & Arrivals
State Market Variety Modal Price (Rs/Qtl)
01-Apr-
Andhra
Pradesh Guntur
Teja 8500
334 8300
Telangana Khammam Red 8500
Warangal Talu 2500
Daily Price Monitoring Report
Continued export demand reported well from China, Sri Lanka, Malaysia, Bangladesh and UAE etc.
As per trade information, chilli cold storage stocks as on date (including old and new crops) in
Guntur stood at 157,500 to 162,000 MT and in Andhra Pradesh around 184,500 to 189,000 MT
according to various trade estimates.
Recent Developments that are still Influencing Markets:
In Andhra Pradesh, Chilli sowing for the Rabi season as of 13th Mar reported at 14,385 hectare as
compared to 20,453 hectare in the corresponding period last year. Normal area reported 25,950
hectare. Chili is at flowering to picking stage.
verage rainfall received in Andhra Pradesh from 1-6-2018 to 13-03
as 594.9 mm as against the Normal as on date of 873.8 mm showing by Deficit –
New crop supply continued in Guntur market, however current year quality reported
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 87,608
032 hectares.
As per Agriwatch’s second advance production estimate, Red Chilli production for 2019
estimated at 12.22 lakh MT. Previous year’s production was 10.50 lakh MT.
Red Chilli
Modal Price (Rs/Qtl) Change
Arrivals (Qtl)
-19 30-Mar-19 01-Apr-19 30-Mar
8500 7000 +1500 370 484
8300 8300 Unch 596 856
8500 NA - 17680 NA
2500 NA - 19290 NA
Price Monitoring Report
02nd
April,2019
Continued export demand reported well from China, Sri Lanka, Malaysia, Bangladesh and UAE etc.
As per trade information, chilli cold storage stocks as on date (including old and new crops) in
und 184,500 to 189,000 MT
In Andhra Pradesh, Chilli sowing for the Rabi season as of 13th Mar reported at 14,385 hectare as
compared to 20,453 hectare in the corresponding period last year. Normal area reported 25,950
03-2019 is recorded
31.9 percent.
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
MT, last 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
Change Source Mar-19
484 -114 NAM
856 -260 NAM
NA
Agmarknet
NA
Agmarknet
Maize Today’s Developments:
• In Davangere region of Karnataka, maize is moving towards Bengaluru at Rs.
Namakkalat Rs. 2200 per quintal, Chitradurga at Rs. 2100 per quintal, Chennai at Rs. 2200 per
quintal, Sangali at Rs. 2100 per quintal and Ranebennur at Rs. 2050 per quintal (Delivered price);
sourced from Davangere.
• In Gulabbagh region of Bihar, new maize arrival contains moisture up to 18% and is trading at
Rs.2050-2150 per quintal.
Recent Developments that are still Influencing Markets:
• In Nizamabad region, maize is likely to trade steady to range bound in the near
new crop arrival pressure as demand of Hyderabad and Pune feed makers supporting to the
market. As per trade source, in Godavari district of A.P, new crop quality is good and being
delivered to Vijayawada at Rs. 1930
likely to start soon.
• As per USDA, U.S corn exports reached 28.78 MMT in the 2018
(for the period 15th Mar-
previous week and 25 percent from the previous 4
like; Mexico (234,500 MT), Japan (190,900 MT), South Korea (133,100 MT), Colombia (102,600
MT), and the Dominican Republic (72,500 MT).
• IGC increased its global corn production forecast
compared to previous year; driven by upward projection for
partially offset by declines in the European Union and Ukraine
ending stock was down by 39 MMT t
record demand.
• As per trade sources, India exported 16,114 MT of maize for the month of February’19 at an
average FoB of $301.69/ MT. Indian maize is exported mainly to Nepal mainly through Jogbani
ICD followed by Raxaul and Sonauli ICD port.
• In India, Rabi maize has been sown in around 15.56 lakh hectares as of 22nd February, 2019
which is lower than 17.28 lakh hectares during corresponding period last year. In Bihar, maize
has been sown in around 4.75 la
corresponding period last year. Crop conditions are favourable till the time. All India Rabi maize
production is estimated by Agriwatch at 5.67 MMT for the year 2018/19.
Prices & Arrivals:
State/
District Market Grade
Telangana Nizamabad Bilty
Bihar Gulabbagh Bilty
Karnataka Davangere Loose
Delhi Delhi Loose
Andhra
Pradesh Kurnool Loose
Daily Price Monitoring Report
In Davangere region of Karnataka, maize is moving towards Bengaluru at Rs.
Rs. 2200 per quintal, Chitradurga at Rs. 2100 per quintal, Chennai at Rs. 2200 per
quintal, Sangali at Rs. 2100 per quintal and Ranebennur at Rs. 2050 per quintal (Delivered price);
In Gulabbagh region of Bihar, new maize arrival contains moisture up to 18% and is trading at
Recent Developments that are still Influencing Markets:
In Nizamabad region, maize is likely to trade steady to range bound in the near
new crop arrival pressure as demand of Hyderabad and Pune feed makers supporting to the
market. As per trade source, in Godavari district of A.P, new crop quality is good and being
delivered to Vijayawada at Rs. 1930-1950 per quintal while in Tenali district, crop arrivals are
As per USDA, U.S corn exports reached 28.78 MMT in the 2018-19 marketing year. At 0.96 MMT
- 21st Mar, 2019) US corn exports were up 26 percent from the
percent from the previous 4-week average mainly for the destinations
like; Mexico (234,500 MT), Japan (190,900 MT), South Korea (133,100 MT), Colombia (102,600
MT), and the Dominican Republic (72,500 MT).
IGC increased its global corn production forecast for 2019/20 by 10 MMT to 1124 MMT
compared to previous year; driven by upward projection for United States, China and Brazil
partially offset by declines in the European Union and Ukraine. However, forecast for global corn
ending stock was down by 39 MMT to 266 MMT compared to 2018/19 on the expectation of
As per trade sources, India exported 16,114 MT of maize for the month of February’19 at an
average FoB of $301.69/ MT. Indian maize is exported mainly to Nepal mainly through Jogbani
llowed by Raxaul and Sonauli ICD port.
In India, Rabi maize has been sown in around 15.56 lakh hectares as of 22nd February, 2019
which is lower than 17.28 lakh hectares during corresponding period last year. In Bihar, maize
has been sown in around 4.75 lakh hectare which is almost equal to 4.70 lakh hectares during
corresponding period last year. Crop conditions are favourable till the time. All India Rabi maize
production is estimated by Agriwatch at 5.67 MMT for the year 2018/19.
Maize
Modal Price
(Rs./Qtl) Change
Arrivals (Qtl)
01 Apr
2019
30 Mar
2019
01 Apr
2019
30 Mar
2019
Closed Closed - Closed Closed
2100 2069 +31 1500 NA
1950 1950 Unch 1000 1000
2250 2250 Unch NA NA
NA 1601 - NA 10
*Difference between current and previous day’s prices.
Price Monitoring Report
02nd
April,2019
In Davangere region of Karnataka, maize is moving towards Bengaluru at Rs. 2170 per quintal,
Rs. 2200 per quintal, Chitradurga at Rs. 2100 per quintal, Chennai at Rs. 2200 per
quintal, Sangali at Rs. 2100 per quintal and Ranebennur at Rs. 2050 per quintal (Delivered price);
In Gulabbagh region of Bihar, new maize arrival contains moisture up to 18% and is trading at
In Nizamabad region, maize is likely to trade steady to range bound in the near term despite
new crop arrival pressure as demand of Hyderabad and Pune feed makers supporting to the
market. As per trade source, in Godavari district of A.P, new crop quality is good and being
Tenali district, crop arrivals are
19 marketing year. At 0.96 MMT
21st Mar, 2019) US corn exports were up 26 percent from the
week average mainly for the destinations
like; Mexico (234,500 MT), Japan (190,900 MT), South Korea (133,100 MT), Colombia (102,600
for 2019/20 by 10 MMT to 1124 MMT
United States, China and Brazil
. However, forecast for global corn
o 266 MMT compared to 2018/19 on the expectation of
As per trade sources, India exported 16,114 MT of maize for the month of February’19 at an
average FoB of $301.69/ MT. Indian maize is exported mainly to Nepal mainly through Jogbani
In India, Rabi maize has been sown in around 15.56 lakh hectares as of 22nd February, 2019
which is lower than 17.28 lakh hectares during corresponding period last year. In Bihar, maize
kh hectare which is almost equal to 4.70 lakh hectares during
corresponding period last year. Crop conditions are favourable till the time. All India Rabi maize
Change Source
- AGRIWATCH
- AGRIWATCH
Unch AGRIWATCH
- AGRIWATCH
- ENAM
*Difference between current and previous day’s prices.
Sugar
Today’s Developments:
• The firm trend has been seen in the sugar wholesale market prices across the nation.
warned by the government to sell sugar not below MSP in all sugar producing states.
disparate to sell sugar stocks
whereas in Khatauli market prices were trading at 3175 INR per quintal.
Today’s Developments that are still Influencing Markets:
• (1st
Apr 2019) ICRA the rating agency released their revised prediction for total sugar production
for 2019-20 at 30.7 million tonnes
Pradesh, the largest growing state. Also the production may be
‘B’ heavy molasses and sugarcane juice away from sugar into ethanol.
• (28 March 2019) Only 27 mills were operating in the center
March, compared with 50 mills at this time last year accor
south mills crushed 1.59 million tonnes of cane in the first half of March, 53 percent less than in
the same period a year earlier. Due to dry spell in December and January, followed by ample
March rains which delayed crushing in mills. Sugar production was marginal at 9,000 tonnes (80
percent less than previous year). Ethanol production was 142 million liters (23 percent less).
• (27 Mar 2019) According to data compiled by the Cane Commissioner’s Office in Lucknow, as on
March 22, the state’s sugar mills have bought cane worth Rs 24,888.65 crore
2018-19 crushing season (October
Rs.315 per quintal for normal and Rs.325 per quintal for early
pay Rs.22,175.21crore within the stipulated 14
payments have been only Rs.12,339.04crore, translating into arrears of Rs.9,836.17 crore. Adding
the dues of Rs.238.81 crore
Rs.10,074.98crore. Of the Rs 10,074.98 crore, as much as Rs.4,547.97crore, or over 45 per cent, is
due from mills in just six constituencies: Meerut, Baghpat, Kairana, Muzaffarnagar, Bijnor and
Saharanpur.
• (26 Mar 2019) Indian traders have contracted 2.2 million tonnes of sugar for exports as of March
7, according to industry officials.
including third-party exports. Uttar Pradesh has exported 300,000
exported 300,000 tonnes.
• (25 Mar 2019) 85 India sugar mills in the state of Maharashtra, India's second
producing region, have closed as of March 15
56 sugar mills closed by March 15 in Karnataka, India's third
versus 48 mills that closed a year earlier reported by ISMA on Friday.
• (20 Mar 2019)According to ISMA, the arrears of UP mills have further increased to about Rs.12000
crore (on SAP basis), while pan India outstanding are estimated at more than Rs.24000 crore
according to ISMA. While the union government has extended the soft loan window for the sugar
sector by another 4 weeks.
• (18 Mar 2019) Sugar production rose by 6% to 273.
than 258.2 LT produced during the corresponding period in the previous sugar season, said a
release from the Indian Sugar Mills Association (ISMA) on Monday. While 154 mills have closed
crushing operations whereas 373 are still crushing.
Daily Price Monitoring Report
The firm trend has been seen in the sugar wholesale market prices across the nation.
warned by the government to sell sugar not below MSP in all sugar producing states.
disparate to sell sugar stocks.In Kolhapur, sugar market prices remained below MSP at Rs.3050/q
market prices were trading at 3175 INR per quintal.
Today’s Developments that are still Influencing Markets:
Apr 2019) ICRA the rating agency released their revised prediction for total sugar production
20 at 30.7 million tonnes from its earlier estimate of 31.5 mt due to a decline in Uttar
Pradesh, the largest growing state. Also the production may be further hit due to the diversion of
‘B’ heavy molasses and sugarcane juice away from sugar into ethanol.
Only 27 mills were operating in the center-south region in the first half of
March, compared with 50 mills at this time last year according to Unica said on Tuesday.
south mills crushed 1.59 million tonnes of cane in the first half of March, 53 percent less than in
the same period a year earlier. Due to dry spell in December and January, followed by ample
crushing in mills. Sugar production was marginal at 9,000 tonnes (80
percent less than previous year). Ethanol production was 142 million liters (23 percent less).
According to data compiled by the Cane Commissioner’s Office in Lucknow, as on
March 22, the state’s sugar mills have bought cane worth Rs 24,888.65 crore during the current
19 crushing season (October-September) at the state government’s fixed (“advised”) price of
Rs.315 per quintal for normal and Rs.325 per quintal for early-maturing varieties. They were to
pay Rs.22,175.21crore within the stipulated 14-day period of taking cane delivery. But the actual
payments have been only Rs.12,339.04crore, translating into arrears of Rs.9,836.17 crore. Adding
the dues of Rs.238.81 crore from the previous 2017-18 season takes the total to
Rs.10,074.98crore. Of the Rs 10,074.98 crore, as much as Rs.4,547.97crore, or over 45 per cent, is
due from mills in just six constituencies: Meerut, Baghpat, Kairana, Muzaffarnagar, Bijnor and
(26 Mar 2019) Indian traders have contracted 2.2 million tonnes of sugar for exports as of March
, according to industry officials. Maharashtra has exported about 800,000 tonnes of sugar,
party exports. Uttar Pradesh has exported 300,000 tonnes and Karnataka too
(25 Mar 2019) 85 India sugar mills in the state of Maharashtra, India's second
producing region, have closed as of March 15 versus 38 mills that closed a year earlier, and that
ls closed by March 15 in Karnataka, India's third-biggest sugar-
versus 48 mills that closed a year earlier reported by ISMA on Friday.
According to ISMA, the arrears of UP mills have further increased to about Rs.12000
(on SAP basis), while pan India outstanding are estimated at more than Rs.24000 crore
according to ISMA. While the union government has extended the soft loan window for the sugar
Sugar production rose by 6% to 273.47 lakh tonnes (LT) of sugar till March 15more
than 258.2 LT produced during the corresponding period in the previous sugar season, said a
release from the Indian Sugar Mills Association (ISMA) on Monday. While 154 mills have closed
reas 373 are still crushing.
Price Monitoring Report
02nd
April,2019
The firm trend has been seen in the sugar wholesale market prices across the nation. Mills are
warned by the government to sell sugar not below MSP in all sugar producing states. Mills are
ained below MSP at Rs.3050/q
Apr 2019) ICRA the rating agency released their revised prediction for total sugar production
from its earlier estimate of 31.5 mt due to a decline in Uttar
further hit due to the diversion of
south region in the first half of
ding to Unica said on Tuesday. Center-
south mills crushed 1.59 million tonnes of cane in the first half of March, 53 percent less than in
the same period a year earlier. Due to dry spell in December and January, followed by ample
crushing in mills. Sugar production was marginal at 9,000 tonnes (80
percent less than previous year). Ethanol production was 142 million liters (23 percent less).
According to data compiled by the Cane Commissioner’s Office in Lucknow, as on
during the current
September) at the state government’s fixed (“advised”) price of
maturing varieties. They were to
day period of taking cane delivery. But the actual
payments have been only Rs.12,339.04crore, translating into arrears of Rs.9,836.17 crore. Adding
18 season takes the total to
Rs.10,074.98crore. Of the Rs 10,074.98 crore, as much as Rs.4,547.97crore, or over 45 per cent, is
due from mills in just six constituencies: Meerut, Baghpat, Kairana, Muzaffarnagar, Bijnor and
(26 Mar 2019) Indian traders have contracted 2.2 million tonnes of sugar for exports as of March
Maharashtra has exported about 800,000 tonnes of sugar,
tonnes and Karnataka too
(25 Mar 2019) 85 India sugar mills in the state of Maharashtra, India's second-largest sugar
versus 38 mills that closed a year earlier, and that
-producing region,
According to ISMA, the arrears of UP mills have further increased to about Rs.12000
(on SAP basis), while pan India outstanding are estimated at more than Rs.24000 crore
according to ISMA. While the union government has extended the soft loan window for the sugar
47 lakh tonnes (LT) of sugar till March 15more
than 258.2 LT produced during the corresponding period in the previous sugar season, said a
release from the Indian Sugar Mills Association (ISMA) on Monday. While 154 mills have closed
• (18 Mar 2019)In the ongoing sugarcane crushing season of 2018
mills-94 private, 24 co-operative, and one state
farmers and paid Rs 11,350 crore, th
have to make a payment of Rs 290 crore for the 2017
• (17 Mar 2019) The mixed trend has been seen across the major Indian sugar markets.
disparate to sell sugar stocks.
Khatauli market prices were trading in range 3160
• (17 Mar 2019) In sugar season 2018 (October
requirement of ethanol for blending with petrol stood at 3,136 ML and for the current 2019
season the requirement is estimated at 3,300ML. Considering the current ethanol capaci
billion litres, it will cross 10% blending with petrol in the next year. States like Maharashtra and UP
having achieved 9% or even higher blending owing to high availability of sugarcane.
Prices
State/ District Market
Maharashtra Kolhapur
Uttar Pradesh Khatauli
Andhra Pradesh Vijayawada
Delhi Delhi
Daily Price Monitoring Report
In the ongoing sugarcane crushing season of 2018-19, the 119 operational UP sugar
operative, and one state - had procured cane worth Rs 23,200 crore from
farmers and paid Rs 11,350 crore, thus leaving an unpaid portion of Rs 11,850 crore. Besides, mills
have to make a payment of Rs 290 crore for the 2017-18 season.
The mixed trend has been seen across the major Indian sugar markets.
disparate to sell sugar stocks. In Kolhapur sugar market prices are trading at 3050 where as in
market prices were trading in range 3160 -3125 INR per quintal from last week.
In sugar season 2018 (October- September), the OMCs (Oil Marketing Companies)
requirement of ethanol for blending with petrol stood at 3,136 ML and for the current 2019
season the requirement is estimated at 3,300ML. Considering the current ethanol capaci
billion litres, it will cross 10% blending with petrol in the next year. States like Maharashtra and UP
having achieved 9% or even higher blending owing to high availability of sugarcane.
Sugar (M grade)
Modal Price (Rs /Qtl)
Change01-Apr-19 30-Mar-19
Kolhapur 3050 3050 unch
Khatauli 3175 3140 +35
Vijayawada 3480 3480 unch
3100 3100 unch
Price Monitoring Report
02nd
April,2019
19, the 119 operational UP sugar
had procured cane worth Rs 23,200 crore from
us leaving an unpaid portion of Rs 11,850 crore. Besides, mills
The mixed trend has been seen across the major Indian sugar markets. Mills are
sugar market prices are trading at 3050 where as in
3125 INR per quintal from last week.
September), the OMCs (Oil Marketing Companies)
requirement of ethanol for blending with petrol stood at 3,136 ML and for the current 2019
season the requirement is estimated at 3,300ML. Considering the current ethanol capacity of 3.8
billion litres, it will cross 10% blending with petrol in the next year. States like Maharashtra and UP
having achieved 9% or even higher blending owing to high availability of sugarcane.
Change Source
unch AW
35 AW
unch AW
unch AW
Cotton Today’s Developments:
• Cotton prices expected to trade higher side due to exports demand from International
markets. Moreover, raising domestic demand and procurement by CCI also support prices.
However, CCI started selling of its stock in first week of April may keep prices in range.
• The arrivals tremendously increased to 5182on Monday in Adoni market
and cotton farmers have stocked an amount of cotton and were waiting for the prices to rise.
Recent Developments that are still Influencing Market
• (1st
Apr 2019) CCI has commenced the sale of 1.1 million bales cotton procured in the 2018
2019 (October-September)
Rs.47,000/candy via e-auction so far in the physical market of Telangana and Maharashtra
the state agency.
• (1st
Apr 2019) The area under cotton is seen rising to 350,000 ha, compared with 275,000 ha in
2018-19.As the acreage under paddy is seen declining due to shift in acreage to maize and
cotton as the underground water table level is
normally starts late April in irrigated areas of north India, while in rain
country, it starts in June.
• (27 Mar 2019)Cotton prices are steadily moving up
crop have already arrived in the market. Since early March, prices have strengthened
by Rs.3,000a candy (of 356 kg each) to
water shortage, in key growing regions of Gujarat, Maharashtra
account for about half of the country’s production.
• (26 Mar 2019) Daily cotton arrivals have declined to about 80,000
lakh bales last year.Also the market price of raw cotton or
minimum support price (MSP) at
And Nearly 90 lakh bales of the fibre is lying in stocks, of which mills have about 45 lakh bales,
while the remaining is with corporates, CCI, gi
• (25 Mar 2019) The latest estimates by the Indian Cotton Association pegs domestic cotton
production at 328 lakh bales for the 2018
lakh bales. The current year output is 10 percent lower th
increasing probability of El nino is a concern for Indian monsoon, and thereby for the Kharif
grown fibre crop.
• (20 Mar 2019)Short supply in local markets caused India to impose a ban on cotton exports.
export ban for cotton was imposed with "immediate effect", a statement issued by the Indian
Commerce Ministry. India has already exported 8.5 million bales (1.4 million tons) in the current
financial year, which ends in March that is more than a government estimate of 8.4
bales. It was also to ensure that India has enough cotton available locally and even r
demand for the commodity in China pushed up prices
• (19 Mar 2019)CAI has estimated Indian crop size of 328 lakh bales
estimation of 330 lakh bales. Last year, crop size was 365 lakh bales which means India will have
37 lakh bales less crop as compared to the previous season.Until now, around 67% of the cotton
has arrived in the market this season
• (17 Mar 2019)According to Cotton Cooperation of India, bought 11 lakh bales of cotton from
ginners and in coming days, 4 to 5 lakh bales will be bought by CCI. The Cooperation will
commence selling cotton bales from April.
Daily Price Monitoring Report
prices expected to trade higher side due to exports demand from International
. Moreover, raising domestic demand and procurement by CCI also support prices.
However, CCI started selling of its stock in first week of April may keep prices in range.
The arrivals tremendously increased to 5182on Monday in Adoni market as some of the millers
and cotton farmers have stocked an amount of cotton and were waiting for the prices to rise.
Recent Developments that are still Influencing Market
CI has commenced the sale of 1.1 million bales cotton procured in the 2018
September) of which around 10,000 bales have already been sold at the rate of
auction so far in the physical market of Telangana and Maharashtra
The area under cotton is seen rising to 350,000 ha, compared with 275,000 ha in
As the acreage under paddy is seen declining due to shift in acreage to maize and
cotton as the underground water table level is reducing in the state like Punjab.
normally starts late April in irrigated areas of north India, while in rain-fed regions of the
Cotton prices are steadily moving up even as about 70 per cent of the
crop have already arrived in the market. Since early March, prices have strengthened
Rs.3,000a candy (of 356 kg each) to Rs.44,500 now. And Cotton acreage fell drastically, due to
water shortage, in key growing regions of Gujarat, Maharashtra and Karnataka, which together
account for about half of the country’s production.
Daily cotton arrivals have declined to about 80,000-90,000 bales as against 1.3
Also the market price of raw cotton or kapas gained 10 per
minimum support price (MSP) at Rs.5,850-5,900 a quintal after CCI bought about 12 lakh bales.
Nearly 90 lakh bales of the fibre is lying in stocks, of which mills have about 45 lakh bales,
while the remaining is with corporates, CCI, ginners and MCX.
The latest estimates by the Indian Cotton Association pegs domestic cotton
production at 328 lakh bales for the 2018-19 season, compared to preliminary estimates of 348
lakh bales. The current year output is 10 percent lower than the 2017-18 season. Moreover,
increasing probability of El nino is a concern for Indian monsoon, and thereby for the Kharif
Short supply in local markets caused India to impose a ban on cotton exports.
otton was imposed with "immediate effect", a statement issued by the Indian
has already exported 8.5 million bales (1.4 million tons) in the current
financial year, which ends in March that is more than a government estimate of 8.4
It was also to ensure that India has enough cotton available locally and even r
demand for the commodity in China pushed up prices, threatening India's textile makers.
CAI has estimated Indian crop size of 328 lakh bales of 170 kg against earlier
estimation of 330 lakh bales. Last year, crop size was 365 lakh bales which means India will have
37 lakh bales less crop as compared to the previous season.Until now, around 67% of the cotton
has arrived in the market this season.
According to Cotton Cooperation of India, bought 11 lakh bales of cotton from
ginners and in coming days, 4 to 5 lakh bales will be bought by CCI. The Cooperation will
commence selling cotton bales from April.
Price Monitoring Report
02nd
April,2019
prices expected to trade higher side due to exports demand from International
. Moreover, raising domestic demand and procurement by CCI also support prices.
However, CCI started selling of its stock in first week of April may keep prices in range.
some of the millers
and cotton farmers have stocked an amount of cotton and were waiting for the prices to rise.
CI has commenced the sale of 1.1 million bales cotton procured in the 2018-
around 10,000 bales have already been sold at the rate of
auction so far in the physical market of Telangana and Maharashtra said
The area under cotton is seen rising to 350,000 ha, compared with 275,000 ha in
As the acreage under paddy is seen declining due to shift in acreage to maize and
reducing in the state like Punjab.Sowing of cotton
fed regions of the
even as about 70 per cent of the estimated
crop have already arrived in the market. Since early March, prices have strengthened
Rs.44,500 now. And Cotton acreage fell drastically, due to
and Karnataka, which together
90,000 bales as against 1.3
gained 10 per cent above the
5,900 a quintal after CCI bought about 12 lakh bales.
Nearly 90 lakh bales of the fibre is lying in stocks, of which mills have about 45 lakh bales,
The latest estimates by the Indian Cotton Association pegs domestic cotton
19 season, compared to preliminary estimates of 348
18 season. Moreover,
increasing probability of El nino is a concern for Indian monsoon, and thereby for the Kharif
Short supply in local markets caused India to impose a ban on cotton exports. The
otton was imposed with "immediate effect", a statement issued by the Indian
has already exported 8.5 million bales (1.4 million tons) in the current
financial year, which ends in March that is more than a government estimate of 8.4 million
It was also to ensure that India has enough cotton available locally and even rising
, threatening India's textile makers.
of 170 kg against earlier
estimation of 330 lakh bales. Last year, crop size was 365 lakh bales which means India will have
37 lakh bales less crop as compared to the previous season.Until now, around 67% of the cotton
According to Cotton Cooperation of India, bought 11 lakh bales of cotton from
ginners and in coming days, 4 to 5 lakh bales will be bought by CCI. The Cooperation will
• (17 Mar 2019)President Indian
consumptions of local mills this year wills will be 3 crore 15 lakh bales. At the end of the year
stock will be 17 lac bales as compared to the last year stock of 26 lakh bales.
and July the rate of cotton which is per candy (356 kg) is from Rs 42000 to Rs 43000 is expected
to be from Rs 47,500 to 48000. He said that government will increase support price from 10 % to
15 % in the next season while the government has increased the sup
the current year.
• (16 Mar 2019) The Punjab state agriculture department has started preparing for upcoming
cotton sowing season that normally starts by April end and continues throughout May. The state
department this year has fix
2.83 lakh hectares of last year.
• (13Mar 2019) Cotton prices may rebound and rise around 10% by July, according to a survey by
the Cotton Association of India. The survey was conducted on last
including ginners, spinners, trade officials and brokerages, at the
Conference. The participants in the survey pegged the spot price of Shankar
traded variety of the commodity,
42,000-43,500 rupees now.
Prices & Arrivals
State/ District Market
Modal Price (Rs /Qtl)
01-Apr
Gujarat Rajkot 6115
Andhra Pradesh Adoni 6235
Andhra Pradesh Guntur NA
Andhra Pradesh YEMMIGANUR NA
Daily Price Monitoring Report
President Indian Cotton Association Atul S. Ganatra told that the expected
consumptions of local mills this year wills will be 3 crore 15 lakh bales. At the end of the year
stock will be 17 lac bales as compared to the last year stock of 26 lakh bales.
July the rate of cotton which is per candy (356 kg) is from Rs 42000 to Rs 43000 is expected
to be from Rs 47,500 to 48000. He said that government will increase support price from 10 % to
15 % in the next season while the government has increased the support price by 26 % during
The Punjab state agriculture department has started preparing for upcoming
cotton sowing season that normally starts by April end and continues throughout May. The state
department this year has fixed the target of cotton sowing in 3.20 lakh hectares as compared
2.83 lakh hectares of last year.
prices may rebound and rise around 10% by July, according to a survey by
Association of India. The survey was conducted on last week among 250 participants,
including ginners, spinners, trade officials and brokerages, at the Cotton India 2019 International
The participants in the survey pegged the spot price of Shankar
traded variety of the commodity, at 46,000-47,260 rupees a candy (1 candy = 356 kg), up from
43,500 rupees now.
Cotton
Modal Price (Rs /Qtl)
Change
Arrivals (Qtl)
Apr-19 30-Mar-19 01-Apr-19 30-Mar
6115 NA - 1200 NA
6235 6229 +6 5182 3183
NA NA - NA NA
NA NA - NA NA
Price Monitoring Report
02nd
April,2019
Cotton Association Atul S. Ganatra told that the expected
consumptions of local mills this year wills will be 3 crore 15 lakh bales. At the end of the year
stock will be 17 lac bales as compared to the last year stock of 26 lakh bales.This year in June
July the rate of cotton which is per candy (356 kg) is from Rs 42000 to Rs 43000 is expected
to be from Rs 47,500 to 48000. He said that government will increase support price from 10 % to
port price by 26 % during
The Punjab state agriculture department has started preparing for upcoming
cotton sowing season that normally starts by April end and continues throughout May. The state
ed the target of cotton sowing in 3.20 lakh hectares as compared
prices may rebound and rise around 10% by July, according to a survey by
week among 250 participants,
Cotton India 2019 International
The participants in the survey pegged the spot price of Shankar-6 cotton, the top
47,260 rupees a candy (1 candy = 356 kg), up from
Change Source Mar-19
- APMC
3183 +1999 Agriwatch
- Agriwatch
- NAM
Palm Oil Today’s Developments:
• No Significant Development
Recent Developments that are still Influencing Markets:
• (1 Apr 2019)-According to cargo surveyor Intertek Testing Services (ITS), Malaysia’s Mar
exports rose 22.4 percent to 1,522,204 tons compared to 1,243,308 tons last month. Top buyers
were India & subcontinent 374,220 tons (303,114 tons), European Union 447,135 tons (476,575
tons) and China at 156,795 tons (99,925 tons). Values in bra
• (29 Mar 2019)-Palm oil prices are expected to fall on slow fall in stocks of palm oil in Malaysia in
coming months due to rise in palm oil production and slow rise exports. Palm oil imports by EU
from Malaysia are expected
deforestation by Malaysia and Indonesia. Banning of palm oil based biodiesel by EU has led to
escalation of trade tensions. EU has banned palm oil biodiesel angering both Malaysia and
Indonesia which together produce 90 percent of global palm oil. Palm oil consumption is
expected to fall in 2019 for the first time since records were maintained of global demand and
supply estimates. Palm oil stocks are expected to remain above 3 MMT in March d
palm oil production and slow rise in exports. Production is expected to rise in March as MPOA
reported 0.8% rise in production in Malaysia in first 20 days of March indicating that production
will rise in March while exports of palm oil will
EU, China. Demand of palm oil is weak by India from Malaysia due to continuous fall in prices of
palm oil, high stocks at ports, negative import parity and weak refining margins. Palm oil imports
by China from Malaysia has risen due to lower imports of soybean due to swine flu and negative
crush margins has led to lower crush of soybean leading to lower production of soy oil has led to
higher imports if palm oil.
• (19 Mar 2019)-According to Malaysia Palm Oil Boar
export duty unchanged at 0.0 percent. Export duty of palm oil is calculated at reference price of
2056.04 ringgit ($502.70) per ton. Tax is calculated above 2,250 ringgit starting from 4.5 percent
to a maximum of 8.5 percent
• (18 Mar 2019)-Crude Palm oil import scenario
(SEA), CPO Imports fell 8.80 percent y
2019. Imports in oil year 2018
lower y-o-y at 23.82 lakh tons compared to 23.87 lakh tons in last oil year.
• (18 Mar 2019)-RBD palmolein import scenario
19.30 percent to 2.41 lakh tons from 2.02 lakh tons in Feb
(November 2019-February 2019) were reported higher by 6.75 perecent y
compared to 6.07 lakh tons in corresponding period last oil year.
• (15 Mar 2019)-According to Indonesia finance ministry, Indonesi
unchanged at zero. Indonesia will put levy of USD 10
exceeds USD 570 per ton. If prices exceed above USD 619, USD 50 per ton levy will be imposed.
In place of monthly levy review, now l
has kept crude palm oil export duty at zero since May 2017.
• (11 Feb 2019)- According to Malaysia Palm Oil Board (MPOB), Malaysia’s February palm oil
stocks rose 1.34 percent to 30.46 lakh tons compared to 30.05 lakh tons in January 2019.
Production of palm oil in Feb fell 11.10 percent to 15.45 lakh tons compared to 17.37 lakh t
in Jan 2019. Exports of palm oil in Feb fell 21.38 percent to 13.21 lakh tons compared to 16.81
lakh tons in Jan 2019. Imports of palm oil in Feb rose 15.71 percent to 0.94 lakh tons compared
Daily Price Monitoring Report
No Significant Development
Recent Developments that are still Influencing Markets:
According to cargo surveyor Intertek Testing Services (ITS), Malaysia’s Mar
exports rose 22.4 percent to 1,522,204 tons compared to 1,243,308 tons last month. Top buyers
were India & subcontinent 374,220 tons (303,114 tons), European Union 447,135 tons (476,575
tons) and China at 156,795 tons (99,925 tons). Values in brackets are figures of last month.
Palm oil prices are expected to fall on slow fall in stocks of palm oil in Malaysia in
coming months due to rise in palm oil production and slow rise exports. Palm oil imports by EU
from Malaysia are expected to be hit due to ban of use of palm oil in biodiesel due to rapid
deforestation by Malaysia and Indonesia. Banning of palm oil based biodiesel by EU has led to
escalation of trade tensions. EU has banned palm oil biodiesel angering both Malaysia and
sia which together produce 90 percent of global palm oil. Palm oil consumption is
expected to fall in 2019 for the first time since records were maintained of global demand and
supply estimates. Palm oil stocks are expected to remain above 3 MMT in March d
palm oil production and slow rise in exports. Production is expected to rise in March as MPOA
reported 0.8% rise in production in Malaysia in first 20 days of March indicating that production
will rise in March while exports of palm oil will remain firm in March due to firm demand from
EU, China. Demand of palm oil is weak by India from Malaysia due to continuous fall in prices of
palm oil, high stocks at ports, negative import parity and weak refining margins. Palm oil imports
alaysia has risen due to lower imports of soybean due to swine flu and negative
crush margins has led to lower crush of soybean leading to lower production of soy oil has led to
According to Malaysia Palm Oil Board (MPOB), Malaysia kept April crude palm oil
export duty unchanged at 0.0 percent. Export duty of palm oil is calculated at reference price of
2056.04 ringgit ($502.70) per ton. Tax is calculated above 2,250 ringgit starting from 4.5 percent
f 8.5 percent.
Crude Palm oil import scenario- According to Solvent Extractors Association
(SEA), CPO Imports fell 8.80 percent y-o-y in Feb to 4.98 lakh tons from 5.46 lakh tons in Feb
2019. Imports in oil year 2018-19 (November 2018-February 2019) were reported marginally
y at 23.82 lakh tons compared to 23.87 lakh tons in last oil year.
RBD palmolein import scenario- RBD palmolein imports rose y
19.30 percent to 2.41 lakh tons from 2.02 lakh tons in Feb 2018. Imports in oil year 2018
February 2019) were reported higher by 6.75 perecent y-o-y at 6.48 lakh tons
compared to 6.07 lakh tons in corresponding period last oil year.
According to Indonesia finance ministry, Indonesia kept March
unchanged at zero. Indonesia will put levy of USD 10-USD 25 if the government reference prices
exceeds USD 570 per ton. If prices exceed above USD 619, USD 50 per ton levy will be imposed.
In place of monthly levy review, now levy review will take place every three months. Indonesia
has kept crude palm oil export duty at zero since May 2017.
According to Malaysia Palm Oil Board (MPOB), Malaysia’s February palm oil
stocks rose 1.34 percent to 30.46 lakh tons compared to 30.05 lakh tons in January 2019.
Production of palm oil in Feb fell 11.10 percent to 15.45 lakh tons compared to 17.37 lakh t
in Jan 2019. Exports of palm oil in Feb fell 21.38 percent to 13.21 lakh tons compared to 16.81
lakh tons in Jan 2019. Imports of palm oil in Feb rose 15.71 percent to 0.94 lakh tons compared
Price Monitoring Report
02nd
April,2019
According to cargo surveyor Intertek Testing Services (ITS), Malaysia’s Mar palm oil
exports rose 22.4 percent to 1,522,204 tons compared to 1,243,308 tons last month. Top buyers
were India & subcontinent 374,220 tons (303,114 tons), European Union 447,135 tons (476,575
ckets are figures of last month.
Palm oil prices are expected to fall on slow fall in stocks of palm oil in Malaysia in
coming months due to rise in palm oil production and slow rise exports. Palm oil imports by EU
to be hit due to ban of use of palm oil in biodiesel due to rapid
deforestation by Malaysia and Indonesia. Banning of palm oil based biodiesel by EU has led to
escalation of trade tensions. EU has banned palm oil biodiesel angering both Malaysia and
sia which together produce 90 percent of global palm oil. Palm oil consumption is
expected to fall in 2019 for the first time since records were maintained of global demand and
supply estimates. Palm oil stocks are expected to remain above 3 MMT in March due to rise in
palm oil production and slow rise in exports. Production is expected to rise in March as MPOA
reported 0.8% rise in production in Malaysia in first 20 days of March indicating that production
remain firm in March due to firm demand from
EU, China. Demand of palm oil is weak by India from Malaysia due to continuous fall in prices of
palm oil, high stocks at ports, negative import parity and weak refining margins. Palm oil imports
alaysia has risen due to lower imports of soybean due to swine flu and negative
crush margins has led to lower crush of soybean leading to lower production of soy oil has led to
d (MPOB), Malaysia kept April crude palm oil
export duty unchanged at 0.0 percent. Export duty of palm oil is calculated at reference price of
2056.04 ringgit ($502.70) per ton. Tax is calculated above 2,250 ringgit starting from 4.5 percent
According to Solvent Extractors Association
y in Feb to 4.98 lakh tons from 5.46 lakh tons in Feb
y 2019) were reported marginally
RBD palmolein imports rose y-o-y in Feb by
2018. Imports in oil year 2018-19
y at 6.48 lakh tons
a kept March-May export duty
USD 25 if the government reference prices
exceeds USD 570 per ton. If prices exceed above USD 619, USD 50 per ton levy will be imposed.
evy review will take place every three months. Indonesia
According to Malaysia Palm Oil Board (MPOB), Malaysia’s February palm oil
stocks rose 1.34 percent to 30.46 lakh tons compared to 30.05 lakh tons in January 2019.
Production of palm oil in Feb fell 11.10 percent to 15.45 lakh tons compared to 17.37 lakh tons
in Jan 2019. Exports of palm oil in Feb fell 21.38 percent to 13.21 lakh tons compared to 16.81
lakh tons in Jan 2019. Imports of palm oil in Feb rose 15.71 percent to 0.94 lakh tons compared
to 0.82 lakh tons in Jan 2019. End stocks of palm oil unexpe
on fall in end stocks. Rise in end stocks was primarily due to fall in exports.
• (4 Mar 2019)-According to Indonesia Palm Oil Association (GAPKI), exports of palm oil (CPO and
PKO) from Indonesia rose 13.1 percent in J
2018. Exports of palm oil (CPO and PKO) were rose 5.1 m
Dec 2018 at 2.95 MMT. Stocks of palm oil in Jan 2019 rose to 3.02 MMT, up 7 percert y
Prices:
Palm Oil Prices (In Rs./ 10 Kg)
State/District Market
Crude Palm Oil (FFA 5%)
Gujarat Kandla
Andhra Pradesh Krishnapatnam
RBD Palmolein
Gujarat Kandla
Andhra Pradesh Kakinada
Andhra Pradesh Krishnapatnam
Palm Oil at MCX
Contract Open High
30-Apr-19 525.90 529.00
31-May-19 532.50 534.70
30-Jun-19 0.00 0.00
As on 1-Apr-2019 at 9 pm
Daily Price Monitoring Report
to 0.82 lakh tons in Jan 2019. End stocks of palm oil unexpectedly rose against trade expectation
on fall in end stocks. Rise in end stocks was primarily due to fall in exports.
According to Indonesia Palm Oil Association (GAPKI), exports of palm oil (CPO and
PKO) from Indonesia rose 13.1 percent in Jan y-o-y to 3.10 MMT from were 2.74 MMT in Jan
2018. Exports of palm oil (CPO and PKO) were rose 5.1 m-o-m in Jan at 3.10 MMT compared to
Dec 2018 at 2.95 MMT. Stocks of palm oil in Jan 2019 rose to 3.02 MMT, up 7 percert y
Market 1 Apr 2019 30 Mar 2019 Change
Kandla 516 516 Unch
Krishnapatnam 518 518 Unch
Kandla 585 585 Unch
Kakinada 585 585 Unch
Krishnapatnam 580 580 Unch
*Difference between current and previous day’s prices.
High Low Close Change Volume(Lots)
529.00 525.50 526.70 +0.80 628
534.70 531.90 532.60 -0.10 426
0.00 0.00 536.00 0.00 0
2019 at 9 pm
Price Monitoring Report
02nd
April,2019
ctedly rose against trade expectation
According to Indonesia Palm Oil Association (GAPKI), exports of palm oil (CPO and
y to 3.10 MMT from were 2.74 MMT in Jan
m in Jan at 3.10 MMT compared to
Dec 2018 at 2.95 MMT. Stocks of palm oil in Jan 2019 rose to 3.02 MMT, up 7 percert y-o-y.
Change Source
Unch Agriwatch
Unch Agriwatch
Unch Agriwatch
Unch Agriwatch
Unch Agriwatch
*Difference between current and previous day’s prices.
Volume(Lots) O.Int
628 4160
426 2059
46
2019 at 9 pm Rs/Quintal
Sunflower oil Today’s Developments:
• No Significant Development
Recent Developments that are still Influencing Markets:
• (29 Mar 2019)-Across board weakness is seen in
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 despite
flat imports indicating destocking at ports will increase import demand. Low premium of sun oil
over soy oil is expected to increase demand in increase import demand. Further weakness in
sunflower oil is expected in coming weeks.
• (18 Mar 2019)-Sunflower oil imports scen
Sunflower oil imports fell 6.13 percent y
2018. Imports in oil year 2018
percent y-o-y at 8.02 lakh tons compared to 8.14 lakh tons in last oil year.
• (8 Mar 2019)-Sunflower oil premium over soy oil in CNF markets have increased to $11 per ton
from $-9 per ton last week and premium in domestic markets have reached to 5 per 10 kg
unchanged from last week. Also, premium of sunflower oil over RBD palmolein has decreased
to Rs 165 per 10 kg Rs 160 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
prices.
• (19 Feb 2019)-Sunflower oil prices are supported by low premium over soy oil at CNF and
domestic markets and falling premium over RBD palmolein at domestic and CNF markets.
Imports of sunflower oil surged in Jan after 4 months of weak i
port stocks fell indicating firm demand. Imports of sunflower oil are expected to remain firm in
Feb due to low premium over soy oil and palm oil.
• (5 Feb 2019)-Sunflower oil premium over soy oil in CNF markets have increas
from $-9 per ton last week and premium in domestic markets have reached to 10 per 10 kg up
Rs 0 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has decreased
to Rs 150 per 10 kg Rs 160 per 10 kg last week. Pri
higher on low premium over soy oil and palm oil and firm demand.
Prices:
Sunflower Oil Prices (In Rs./ 10 Kg)
State/District Market
Tamil Nadu Chennai
Andhra Pradesh Krishnapatnam
Andhra Pradesh Kakinada
Daily Price Monitoring Report
No Significant Development
Recent Developments that are still Influencing Markets:
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 despite
icating destocking at ports will increase import demand. Low premium of sun oil
over soy oil is expected to increase demand in increase import demand. Further weakness in
sunflower oil is expected in coming weeks.
Sunflower oil imports scenario- According to Solvent Extractors Association (SEA),
Sunflower oil imports fell 6.13 percent y-o-y in Jan to 2.00 lakh tons from 2.13 lakh tons in Feb
2018. Imports in oil year 2018-19 (November 2018-February 2019) were reported lower by 1.47
y at 8.02 lakh tons compared to 8.14 lakh tons in last oil year.
Sunflower oil premium over soy oil in CNF markets have increased to $11 per ton
9 per ton last week and premium in domestic markets have reached to 5 per 10 kg
d from last week. Also, premium of sunflower oil over RBD palmolein has decreased
to Rs 165 per 10 kg Rs 160 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
Sunflower oil prices are supported by low premium over soy oil at CNF and
domestic markets and falling premium over RBD palmolein at domestic and CNF markets.
Imports of sunflower oil surged in Jan after 4 months of weak imports. Despite rise in imports
port stocks fell indicating firm demand. Imports of sunflower oil are expected to remain firm in
Feb due to low premium over soy oil and palm oil.
Sunflower oil premium over soy oil in CNF markets have increas
9 per ton last week and premium in domestic markets have reached to 10 per 10 kg up
Rs 0 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has decreased
to Rs 150 per 10 kg Rs 160 per 10 kg last week. Prices of sunflower oil are estimated to trade
higher on low premium over soy oil and palm oil and firm demand.
Sunflower Oil Prices (In Rs./ 10 Kg)
Market 1 Apr 2019 30 Mar 2019 Change
Chennai 740 750 -10
Krishnapatnam 745 745 Unch
Kakinada 745 745 Unch
*Difference between current and previous day’s prices.
Price Monitoring Report
02nd
April,2019
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 despite
icating destocking at ports will increase import demand. Low premium of sun oil
over soy oil is expected to increase demand in increase import demand. Further weakness in
According to Solvent Extractors Association (SEA),
y in Jan to 2.00 lakh tons from 2.13 lakh tons in Feb
February 2019) were reported lower by 1.47
Sunflower oil premium over soy oil in CNF markets have increased to $11 per ton
9 per ton last week and premium in domestic markets have reached to 5 per 10 kg
d from last week. Also, premium of sunflower oil over RBD palmolein has decreased
to Rs 165 per 10 kg Rs 160 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
Sunflower oil prices are supported by low premium over soy oil at CNF and
domestic markets and falling premium over RBD palmolein at domestic and CNF markets.
mports. Despite rise in imports
port stocks fell indicating firm demand. Imports of sunflower oil are expected to remain firm in
Sunflower oil premium over soy oil in CNF markets have increased to $-18 per ton
9 per ton last week and premium in domestic markets have reached to 10 per 10 kg up
Rs 0 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has decreased
ces of sunflower oil are estimated to trade
Change Source
Agriwatch
Unch Agriwatch
Unch Agriwatch
*Difference between current and previous day’s prices.
Groundnut oil Today’s Developments
• No Significant Development
Recent Developments that are still Influencing Markets:
• (25 Mar 2019)-Groundnut oil prices are supported by firm demand. Demand firmed due to
demand at lower levels. Retail demand improved due to stability in groundnut oil prices. Prices
of groundnut oil will be capped as pea
groundnut by NAFED will keep prices moderate. Higher premium groundnut oil over sunflower
oil and palm oil will cap gains in groundnut oil prices. In Andhra Pradesh groundnut oil prices are
falling due to weak demand against good stock position and pressure on prices due to harvest of
groundnut.
• (12 Mar 2019)-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 crushing thereby increasing suppl
groundnut oil. There is parity in crush of groundnut for old crop. Groundnut oil is underpinned
by fall in prices of palm oil.
• (26 Feb 2019)-Groundnut oil prices are expected to be supported by demand at lower levels.
Retail demand is expected to st
demand at these levels. However, groundnut oil prices will remain under pressure due to high
stocks of groundnut with NAFED. Also, exports of groundnut are weak and it is diverted towards
crushing thereby increasing supply of groundnut oil. In Andhra Pradesh groundnut oil prices are
falling in parity with Gujarat and weak demand. Stock position of groundnut oil is good and
there is parity inn crush of groundnut. Groundnut oil is supported by falli
sunflower oil.
Prices:
Groundnut Oil Prices (In Rs./ 10Kg)
State/District Market
Gujarat Rajkot
Telangana Hyderabad
Tamil Nadu Chennai
Daily Price Monitoring Report
No Significant Development
that are still Influencing Markets:
Groundnut oil prices are supported by firm demand. Demand firmed due to
demand at lower levels. Retail demand improved due to stability in groundnut oil prices. Prices
of groundnut oil will be capped as peak demand season is over. Higher unloading of stocks of
groundnut by NAFED will keep prices moderate. Higher premium groundnut oil over sunflower
oil and palm oil will cap gains in groundnut oil prices. In Andhra Pradesh groundnut oil prices are
to weak demand against good stock position and pressure on prices due to harvest of
Groundnut oil prices increased on improved demand. However, Groundnut oil
prices will remain under pressure further due to high stocks of groundnut with NAFED. Also,
exports of groundnut are weak and it is diverted towards crushing thereby increasing suppl
groundnut oil. There is parity in crush of groundnut for old crop. Groundnut oil is underpinned
by fall in prices of palm oil.
Groundnut oil prices are expected to be supported by demand at lower levels.
Retail demand is expected to strengthen due to stability of groundnut oil prices. There is
demand at these levels. However, groundnut oil prices will remain under pressure due to high
stocks of groundnut with NAFED. Also, exports of groundnut are weak and it is diverted towards
thereby increasing supply of groundnut oil. In Andhra Pradesh groundnut oil prices are
falling in parity with Gujarat and weak demand. Stock position of groundnut oil is good and
there is parity inn crush of groundnut. Groundnut oil is supported by falli
Groundnut Oil Prices (In Rs./ 10Kg)
1 Apr 2019 30 Mar 2019 Change
950 950 Unch
950 950 Unch
940 940 Unch
*Difference between current and previous day’s prices.
Price Monitoring Report
02nd
April,2019
Groundnut oil prices are supported by firm demand. Demand firmed due to
demand at lower levels. Retail demand improved due to stability in groundnut oil prices. Prices
k demand season is over. Higher unloading of stocks of
groundnut by NAFED will keep prices moderate. Higher premium groundnut oil over sunflower
oil and palm oil will cap gains in groundnut oil prices. In Andhra Pradesh groundnut oil prices are
to weak demand against good stock position and pressure on prices due to harvest of
Groundnut oil prices increased on improved demand. However, Groundnut oil
prices will remain under pressure further due to high stocks of groundnut with NAFED. Also,
exports of groundnut are weak and it is diverted towards crushing thereby increasing supply of
groundnut oil. There is parity in crush of groundnut for old crop. Groundnut oil is underpinned
Groundnut oil prices are expected to be supported by demand at lower levels.
rengthen due to stability of groundnut oil prices. There is
demand at these levels. However, groundnut oil prices will remain under pressure due to high
stocks of groundnut with NAFED. Also, exports of groundnut are weak and it is diverted towards
thereby increasing supply of groundnut oil. In Andhra Pradesh groundnut oil prices are
falling in parity with Gujarat and weak demand. Stock position of groundnut oil is good and
there is parity inn crush of groundnut. Groundnut oil is supported by falling premium over
Source
Agriwatch
Agriwatch
Agriwatch
*Difference between current and previous day’s prices.
Rice
Today’s Developments:
• By increasing the effect of El
production in Philippines is estimated to fall by 1.2 million
Because of which the import of rice in Philippines next year can be 23
effect of El-Niño he current season can reduce the production of rice by 1.5
Recent Developments that are still influencingthe Markets:
• (29 Mar 2019)From April-2018 to January 2019, 33.65 lakh tons of basmati rice and 61.21 lakh
tons of non-basmati rice were exported from the country, 32.8 lakh tons of basmati and 72.4
lakh tons of non-basmati rice were
to last year. The export of basmati rice increased marginally but the export of non
came down drastically.
• (26 Mar 2019)According to the Australia Meteorological Department, 70% of the
Niño in 2019, this is three times the normal speed. Generating monsoon rains in India, especially
in the form of El-Niño. Rainfall from June to September may affect the production of kharif
season crops especially paddy due to monsoon rains.
• (25 Mar 2019)The Punjab Government has set a target for the production of sowing area and
production of various crops for the Kharif season of 2019
been reduced by 4 percent for the target paddy compared to the second ad
for the current marketing season of 2018
Agriculture Department, the area of paddy in Punjab in the 2018
hectares and its total production is likely to be 191.27 la
target area of 29.50 lakh hectares and production of 182.90 lakh tons has been set.
• (22 Mar 2019)According to the Vietnam Food Association (VFA), Vietnamese rice shipments
have stayed in good shape from the beginning
Malaysia, Cuba and China.Iraq has already signed a deal to purchase 120,000 tonnes of the grain
from Vietnam. Exporters expect to ship some 300,000 tonnes to the Southwest Asian country in
2019, equal to the same amount from the previous year.
• (18 Mar 2019)Indian non-basmati rice exporters have begun to lose the white rice market in
Africa, the largest buyer, to competitors such as Vietnam, Myanmar and Pakistan as a hike in the
minimum support price for paddy
competitiveness of the cereal. Though the Centre had provided an incentive of 5 per cent under
the Merchandise Exports from India Scheme (MEIS) since November 25, the recent
strengthening of the rupee has offset
March 25 and so far, there has been no clarity on its continuation. As a result, international
buyers are holding on to their orders, awaiting the Indian government’s stance on the incentive.
“No orders are being booked beyond March 25.
• (16 Mar 2019)Demand of premium variety of GovindoBhog paddy of West Bengal is increasing
from South India and Bangladesh. Last year GovindoBhog Paddy prices were Rs 3000 per quintal,
which now has increased 17% to Rs. 35
increased by 9% from last year to Rs. 5100 per quintal; Last year, the GovindaBhog rice prices
were Rs. 4700 per quintal.
Daily Price Monitoring Report
By increasing the effect of El-Niño, rice production in the Philippines could be reduced. Rice
production in Philippines is estimated to fall by 1.2 million tons to 190 lakh tons in 2019.
Because of which the import of rice in Philippines next year can be 23-25 lakh tonnes. Increasing
Niño he current season can reduce the production of rice by 1.5-2 lakh tonnes.
still influencingthe Markets:
2018 to January 2019, 33.65 lakh tons of basmati rice and 61.21 lakh
basmati rice were exported from the country, 32.8 lakh tons of basmati and 72.4
basmati rice were exported during the same period of last year i.e. compared
to last year. The export of basmati rice increased marginally but the export of non
According to the Australia Meteorological Department, 70% of the
Niño in 2019, this is three times the normal speed. Generating monsoon rains in India, especially
Niño. Rainfall from June to September may affect the production of kharif
season crops especially paddy due to monsoon rains.
The Punjab Government has set a target for the production of sowing area and
production of various crops for the Kharif season of 2019-20. The 2018-20 kharif seasons has
been reduced by 4 percent for the target paddy compared to the second advance estimate set
for the current marketing season of 2018-19. According to the data released by the State
Agriculture Department, the area of paddy in Punjab in the 2018-19 season was 31.03 lakh
hectares and its total production is likely to be 191.27 lakh tons. For the 2019
29.50 lakh hectares and production of 182.90 lakh tons has been set.
According to the Vietnam Food Association (VFA), Vietnamese rice shipments
have stayed in good shape from the beginning of March thanks to the robust demand from Iraq,
Malaysia, Cuba and China.Iraq has already signed a deal to purchase 120,000 tonnes of the grain
from Vietnam. Exporters expect to ship some 300,000 tonnes to the Southwest Asian country in
same amount from the previous year.
basmati rice exporters have begun to lose the white rice market in
Africa, the largest buyer, to competitors such as Vietnam, Myanmar and Pakistan as a hike in the
minimum support price for paddy and an appreciating rupee have impacted the
competitiveness of the cereal. Though the Centre had provided an incentive of 5 per cent under
the Merchandise Exports from India Scheme (MEIS) since November 25, the recent
strengthening of the rupee has offset the impact of the scheme. Moreover, the MEIS ends on
March 25 and so far, there has been no clarity on its continuation. As a result, international
buyers are holding on to their orders, awaiting the Indian government’s stance on the incentive.
are being booked beyond March 25.
Demand of premium variety of GovindoBhog paddy of West Bengal is increasing
from South India and Bangladesh. Last year GovindoBhog Paddy prices were Rs 3000 per quintal,
which now has increased 17% to Rs. 3500 per quintal. Similarly, GovindoBhog rice prices have
increased by 9% from last year to Rs. 5100 per quintal; Last year, the GovindaBhog rice prices
Price Monitoring Report
02nd
April,2019
Niño, rice production in the Philippines could be reduced. Rice
tons to 190 lakh tons in 2019.
lakh tonnes. Increasing
2 lakh tonnes.
2018 to January 2019, 33.65 lakh tons of basmati rice and 61.21 lakh
basmati rice were exported from the country, 32.8 lakh tons of basmati and 72.4
exported during the same period of last year i.e. compared
to last year. The export of basmati rice increased marginally but the export of non-basmati rice
According to the Australia Meteorological Department, 70% of the chances of El-
Niño in 2019, this is three times the normal speed. Generating monsoon rains in India, especially
Niño. Rainfall from June to September may affect the production of kharif
The Punjab Government has set a target for the production of sowing area and
20 kharif seasons has
vance estimate set
19. According to the data released by the State
19 season was 31.03 lakh
kh tons. For the 2019-20 seasons, the
29.50 lakh hectares and production of 182.90 lakh tons has been set.
According to the Vietnam Food Association (VFA), Vietnamese rice shipments
of March thanks to the robust demand from Iraq,
Malaysia, Cuba and China.Iraq has already signed a deal to purchase 120,000 tonnes of the grain
from Vietnam. Exporters expect to ship some 300,000 tonnes to the Southwest Asian country in
basmati rice exporters have begun to lose the white rice market in
Africa, the largest buyer, to competitors such as Vietnam, Myanmar and Pakistan as a hike in the
and an appreciating rupee have impacted the
competitiveness of the cereal. Though the Centre had provided an incentive of 5 per cent under
the Merchandise Exports from India Scheme (MEIS) since November 25, the recent
the impact of the scheme. Moreover, the MEIS ends on
March 25 and so far, there has been no clarity on its continuation. As a result, international
buyers are holding on to their orders, awaiting the Indian government’s stance on the incentive.
Demand of premium variety of GovindoBhog paddy of West Bengal is increasing
from South India and Bangladesh. Last year GovindoBhog Paddy prices were Rs 3000 per quintal,
00 per quintal. Similarly, GovindoBhog rice prices have
increased by 9% from last year to Rs. 5100 per quintal; Last year, the GovindaBhog rice prices
Prices & Arrivals
State/
District
Market
Grade
CHHATTISGARH BALOD PADDY
1001
CHHATTISGARH BHATAPARA Paddy
HMT
CHHATTISGARH RAJIM
Paddy
samba
Masuri
TELANGANA BADEPALLY PADDY
SONA
TELANGANA MAHBUBNA
GAR 1010
The information and opinions contained in the document have been compiled from sources believed to be reliable. The company dwarrant its accuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This documenot, and should not be construed as, an offer to sell or solicitation to buy any commodities. This document may not be reprodor published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company. IASL anand/or their officers, directors and employees may have positions in any commodities mentioned iand may from time to time add to or dispose of any such commodities (or investment). Please see the detailed disclaimer at © Agribusiness Systems Ltd.
Daily Price Monitoring Report
Grade
Modal Price(Rs
/Qtl) Change
Arrivals (Qtl)
1-Apr-
19
30-
Mar-
19
1-Apr-
19
30-
Mar-19
PADDY
1001 1750 1730 +20 32 26
Paddy
HMT 1780 1800 -20 15 10
Paddy-
samba
Masuri
1780 1800 -20 35 25
PADDY-
SONA 1800 1820 -20 12 10
1010 1720 1750 -30 14 12
Disclaimer
The information and opinions contained in the document have been compiled from sources believed to be reliable. The company daccuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This docume
not, and should not be construed as, an offer to sell or solicitation to buy any commodities. This document may not be reprodor published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company. IASL anand/or their officers, directors and employees may have positions in any commodities mentioned in this document (or in any related investment) and may from time to time add to or dispose of any such commodities (or investment). Please see the detailed disclaimer at ©
Price Monitoring Report
02nd
April,2019
Change
Source
19
+6 E-
nam
+5 E-
nam
+10 E-
nam
+2 E-
nam
+2 E-
nam
The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not accuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This document is
not, and should not be construed as, an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company. IASL and its affiliates
n this document (or in any related investment) and may from time to time add to or dispose of any such commodities (or investment). Please see the detailed disclaimer at © 2019 Indian