06th Aug, 2019

CASTOR/RM SEED/COTTON/SUGAR

Commodity Market

Monitor

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All India Weather Status

Last week all India Rainfall status: 25th July 2019 to 31th July 2019

• Meghalaya, Nagaland, Manipur, Mizoram, Bihar, Uttarakhand and Tamil Nadu States received deficit rainfall

• Himachal Pradesh, Odisha, Gujarat and Andhra Pradesh states received the excess rainfall

• Jammu & Kashmir, Rajasthan, Madhya Pradesh, Maharashtra, Chhattisgarh and Telangana state received the

large excess rainfall

• Kerala state received the large deficit rainfall

• Arunachal Pradesh, Assam, Tripura, Sikkim, West Bengal, Jharkhand, Uttar Pradesh, Haryana, Punjab, Goa

and Karnataka state received the normal rainfall

During the week, rainfall was above Long Period Average (LPA) by 42% over the country as a whole.

Seasonal all India Rainfall status: 1st June 2019 to 5th Aug 2019.

• Nagaland, Manipur, West Bengal, Jharkhand, Uttarakhand, Haryana, Himachal Pradesh, Odisha, Tamil Nadu

and Kerala states received the deficit rainfall.

• Sikkim and Maharashtra states received the excess rainfall

• Arunachal Pradesh, Assam, Meghalaya, Mizoram, Tripura, Bihar, Uttar Pradesh, Punjab, Jammu & Kashmir,

Rajasthan, Madhya Pradesh, Gujarat, Goa, Chhattisgarh, Andhra Pradesh, Telangana and Karnataka states

received Normal rainfall.

For the country as a whole, cumulative rainfall during 1st June 2019 to 5th July 2019 was below LPA by 7% over the

country as a whole.

Weather Forecast:

• Cumulatively, above normal rainfall likely over plains of northwest India & West Coast and most parts of the East India and Andaman &

Nicobar Islands. It is very likely to be normal to below normal over remaining parts of the country during during 1st week of August

• Rainfall activity likely to increase over most parts of the country with normal to above normal rainfall outside Madhya Pradesh where, it is

very likely to be below normal over during 2nd week of August (8th to 14th August 2019)

All India Reservoir Status: as on 1st August 2019

Central Water Commission is monitoring live storage status of 92

reservoirs of the country on weekly basis and is issuing weekly bulletin on

every Thursday. The total live storage capacity of these 91 reservoirs is

163.04 BCM which is about 63.24% of the live storage capacity of 257.81

BCM which is estimated to have been created in the country. As per

reservoir storage bulletin dated 01.08.2019, live storage available in these

reservoirs is 54.25 BCM, which is 33% of total live storage capacity of

these reservoirs. However, last year the live storage available in these

reservoirs for the corresponding period was 73.162 BCM and the average

of last 10 years live storage was 67.92BCM. Thus, the live storage available

in 100 reservoirs as per 01.08.2019 Bulletin is 74% of the live storage of

corresponding period of last year and 80% of storage of average of last ten

years.

Source: IMD, DAC&FW and CWC

Current Crop Scenario Current Crop Scenario

CORN Sowing of crop has almost completed in Madhya Pradesh, Rajasthan, Uttar Pradesh, Odisha and

Chhattisgarh and in these areas, crop is in vegetative stage. Sowing is ongoing in Andhra Pradesh,

Telangana, Maharashtra and Tamil Nadu and crop is in sowing to vegetative stage in these states. Rainfall received during 4th of July`19 and 1st week of Aug`19 was beneficial for crop sowing which

is expected to complete next week. Due to heavy rains in last week in last week of July`19 and first

week Aug`19 crop in low lying areas is adversely affected. Pest and disease have been reported on crop but same is controlled using pesticides. Overall crop condition is normal.

Acreage of crop in current week is like corresponding week of 2018.

COTTON Sowing of the crop has completed in Punjab, Haryana, Madhya Pradesh, Maharashtra, Gujarat and Rajasthan. Crop in these areas is in vegetative to ball development stage. Sowing is under progress in Andhra Pradesh, Tamil Nadu and Karnataka. Crop in these states is in sowing to flowering stage and early sown crop is in ball development stage. Rainfall received during 1st week of Aug`19 was beneficial to the crop. However, heavy rains in last week of July`19 crop in low lying areas has adversely affected the crop. Sucking pest was observed but the same is control using pesticide. Overall crop health is normal. Acreage of Cotton in the current week is higher than corresponding week of 2018 because of higher

realization by farmers during the last three years.

PADDY Transplanting of Paddy has almost completed in Haryana and Punjab. Crop in these areas is currently in tillering stage. Sowing is under progress in Uttar Pradesh, Chhattisgarh, Odisha, Jharkhand, Andhra Pradesh, Telangana and Karnataka. Crop in these areas is in transplanting to vegetative stage. Good rainfall received in 1st week of Aug`19 in Andhra Pradesh, Odisha, Gujarat, Madhya Pradesh, Uttar Pradesh, Rajasthan, Maharashtra, West Bengal, Jharkhand, Haryana, Punjab, Karnataka has helped in transplanting of Paddy. In area where crop was sown through DSR (Direct Seed Rice) method, crop is in tillering stage. Incidence of disease and pest has not been observed in the field till date. Overall crop condition is normal. Though Paddy is mainly grown in irrigated areas, the crop requires favourable climatic conditions for

crop growth after transplantation. Acreage of Paddy in the current week was lower than the

corresponding week of 2018 as the weather was not congenial for transplantation in Odisha,

Jharkhand Chhattisgarh, Andhra Pradesh and Karnataka till last week of July-19. Farmers prefer

cultivation of Paddy because of higher yield and better realizations.

SOYBEAN Sowing of the crop has almost completed in Rajasthan, Madhya Pradesh, Maharashtra and Gujarat, and the crop in these areas is currently in vegetative stage. Sowing is under progress in Karnataka and crop is in sowing to vegetative stage in the state. Rainfall received during 4th week of July`19 and 1st week of Aug`19 was beneficial for the crop. Sowing will complete in next week. Due to heavy rains in Maharashtra and Madhya Pradesh in last week of July`19 and first week Aug`19 the crop in low lying areas was adversely affected. Incidence of disease and pest has not been observed in the field till date. Overall crop condition is normal. Acreage of Soybean in the current week is lower than corresponding week of 2018 due to

delayed onset of monsoon season and lower rains in key soybean growing states.

CORN Sowing of crop has almost completed in Madhya Pradesh, Rajasthan, Uttar Pradesh, Odisha and Chhattisgarh and in these areas, crop is in vegetative stage. Sowing is ongoing in Andhra Pradesh,

Telangana, Maharashtra and Tamil Nadu and crop is in sowing to vegetative stage in these states.

Rainfall received during 4th of July`19 and 1st week of Aug`19 was beneficial for crop sowing which is expected to complete next week. Due to heavy rains in last week in last week of July`19 and first

week Aug`19 crop in low lying areas is adversely affected. Pest and disease have been reported on

crop but same is controlled using pesticides. Overall crop condition is normal.

Acreage of crop in current week is like corresponding week of 2018.

Bajra

Sowing of crop has almost completed in Madhya Pradesh, Rajasthan, Uttar Pradesh, Odisha and Chhattisgarh and in these areas, crop is in vegetative stage. Sowing is ongoing in Andhra Pradesh, Telangana, Maharashtra and Tamil Nadu and crop is in sowing to vegetative stage in these states. Rainfall received during 4th of July`19 and 1st week of Aug`19 was beneficial for crop sowing which is expected to complete next week. Due to heavy rains in last week in last week of July`19 and first week Aug`19 crop in low lying areas is adversely affected. Pest and disease have been reported on crop but same is controlled using pesticides. Overall crop condition is normal.

COTTON Sowing of the crop has completed in Punjab, Haryana, Madhya Pradesh, Maharashtra, Gujarat and Rajasthan. Crop in these areas is in vegetative to ball development stage. Sowing is under progress in Andhra Pradesh, Tamil Nadu and Karnataka. Crop in these states is in sowing to flowering stage and early sown crop is in ball development stage. Rainfall received during 1st week of Aug`19 was beneficial to the crop. However, heavy rains in last week of July`19 crop in low lying areas has adversely affected the crop. Sucking pest was observed but the same is control using pesticide. Overall crop health is normal. Acreage of Cotton in the current week is higher than corresponding week of 2018 because of higher

realization by farmers during the last three years.

PADDY Transplanting of Paddy has almost completed in Haryana and Punjab. Crop in these areas is currently in tillering stage. Sowing is under progress in Uttar Pradesh, Chhattisgarh, Odisha, Jharkhand, Andhra Pradesh, Telangana and Karnataka. Crop in these areas is in transplanting to vegetative stage. Good rainfall received in 1st week of Aug`19 in Andhra Pradesh, Odisha, Gujarat, Madhya Pradesh, Uttar Pradesh, Rajasthan, Maharashtra, West Bengal, Jharkhand, Haryana, Punjab, Karnataka has helped in transplanting of Paddy. In area where crop was sown through DSR (Direct Seed Rice) method, crop is in tillering stage. Incidence of disease and pest has not been observed in the field till date. Overall crop condition is normal. Though Paddy is mainly grown in irrigated areas, the crop requires favourable climatic conditions for

crop growth after transplantation. Acreage of Paddy in the current week was lower than the

corresponding week of 2018 as the weather was not congenial for transplantation in Odisha,

Jharkhand Chhattisgarh, Andhra Pradesh and Karnataka till last week of July-19. Farmers prefer

cultivation of Paddy because of higher yield and better realizations.

SOYBEAN Sowing of the crop has almost completed in Rajasthan, Madhya Pradesh, Maharashtra and Gujarat, and the crop in these areas is currently in vegetative stage. Sowing is under progress in Karnataka and crop is in sowing to vegetative stage in the state. Rainfall received during 4th week of July`19 and 1st week of Aug`19 was beneficial for the crop. Sowing will complete in next week. Due to heavy rains in Maharashtra and Madhya Pradesh in last week of July`19 and first week Aug`19 the crop in low lying areas was adversely affected. Incidence of disease and pest has not been observed in the field till date. Overall crop condition is normal. Acreage of Soybean in the current week is lower than corresponding week of 2018 due to

delayed onset of monsoon season and lower rains in key soybean growing states.

Fundamental Analysis- CASTOR

• According to latest sowing report as on 02nd August 2019, all India

Castor sowing is reported 1.105 lakh hectares in 2019 which is 26.43

per cent lower than last year acreage of 1.502 lakh hectares in the

same time period. However, in Gujarat, castor sowing acreage is

0.495 Lakh hectares which is much higher than last year acreage of

0.369 Lakh hectares in the same time period. According to the trade

sources, castor sowing acreage in Gujarat might increase this year as

compare to last year due to good prices of castor in domestic Mandis

throughout last year. Expectation of higher sowing acreage in the

coming season might put downward pressure on the castor prices.

• According to the trade sources, castor acreage may decrease in other

producing region due to lower rainfall received and farmers are

opting for other crops like cumin seed , pulses, cotton, groundnut etc

in which prices were higher last year and government may also

procure these crops directly from farmers at MSP.

• According to the trade sources, castor oil exports in the month of July

2019 are 44.101 thousand MT which is 13 per cent lower than June

exports of 50.577 thousand MT. On a cumulative basis, exports were

1.83 Lakh MT during the first four months of the financial year

beginning from April which is 13.96 per cent lower than last year

exports of 2.13 Lakh MT during the same period. Lower export is due

to lower demand from traditional buyers like China.

• According to the market participants, at present castor seed stocks

with stockiest are around 4.5 lakh tonnes which is lower than average

stock of 5-6 lakh tonnes every year. Lower stocks are due to lower

production estimate of castor crop in 2018-19. New crop is expected

to come from A.P.-Telangana in October-November. Till then, millers

are dependent on the present lower stocks which might push the

prices northward in the coming months.

• As per the Solvent Extractors' Association of India (SEA), all India

castor seed production estimate for 2018-19 is 11.27 Lakh MT which is

21.35 per cent lower than the 2017-18 production estimate of 14.33

Lakh MT. However, according to the AGCON, castor production

estimate is 9.13 Lakh MT for 2018-19.

• According to the AGMARK data, all India castor crop arrivals in the

last week of July is reported at 6.02 Thousand MT which is 47.92

percent lower than last year arrivals of 11.56 thousand MT in the

same time period. Lower arrivals in the domestic Mandis may push

the prices northward.

Mandi Price in Rs/ Quintal

Location 05-08-2019 29-07-2019 %Change

Deesa 5603 5597 0.11

Patan 5335 5350 -0.28

Rajkot 5245 5145 1.94

FUNDAMENTAL SUMMARY

Price Drivers Impact

Higher sowing acreage of castor in Gujarat

Bearish

Lower castor acreage in other producing states

Bullish

Lower exports of castor oil Bearish

Lower stocks of castor seed Bullish

Lower production estimate in 2018-19 Bullish

Lower arrivals in the domestic Mandis

Bullish

Based on Primary & Secondary Sources

3500

4500

5500

6500

De

c-1

7

Jan

-18

Feb

-18

Mar

-18

Ap

r-1

8

May

-18

Jun

-18

Jul-

18

Au

g-1

8

Sep

-18

Oct

-18

No

v-1

8

De

c-1

8

Jan

-19

Feb

-19

Mar

-19

Ap

r-1

9

May

-19

Jun

-19

Jul-

19

Castor-Small : Deesa

Fundamental Analysis- RM SEED

• According to the market participants, NAFED may not sell

mustard crop which he had procured in the procurement

season less than MSP. Minimum selling price (MSP) of mustard

is Rs 4200 per quintal. NAFED had procured around 1.08 million

tonnes mustard seed harvested in 2018-19 (Jul-Jun) under a

price-support scheme. Out of total procurement, NAFED had

procured 6.08 Lakh MT in Rajasthan, 2.51 lakh MT from Haryana

,1.82 lakh MT from Madhya Pradesh ,0.41 Lakh MT from Gujarat

and 0.06 Lakh MT from UP.

• Demand of mustard seed is lower than normal from oil millers

due to lower demand of oil and meal. Moreover, ample stocks

availability of mustard seed in the market is pushing the prices

downward.

• Rapeseed oil imports from November 2018 to June 2019 is

reported at 44.16 thousand MT which is 77 per cent lower than

the last year imports of 192.08 thousand MT in the same time

period. Moreover, imports from May to June 2019 are reported

to be nil. Lower imports over seasonal demand for mustard oil

during rainy season may push the prices upward.

• According to the AGMARK data, all India mustard crop arrivals

in the last week of July is reported at 22.16 Thousand MT which

is 14.70 percent lower than last year arrivals of 25.98 thousand

MT in the same time period. Lower arrivals are coming in the

Mandis as farmers are holding their crop as prevailing domestic

prices are low.

• In the latest report, USDA has maintained export forecast of

rapeseed meal from India to 9 lakh tonnes in 2018-19 as against

of 8.41 lakh MT in 2017-18. However, India’s mustard meal

exports in the month of June 2019 were 54.247 thousand MT

(provisional), lower against 72.895 thousand MT in May 2019.

Total exports of rapeseed meal from April 2019 to June 2019

were 2.47 lakh MT which is 23.52 percent lower than 2018-19

exports of 3.23 lakh MT in the same time period.

• MOPA has estimated all India mustard output at 8.1 million MT

in 2018-19, compared with around 7.1 million MT in the previous

year. However, this estimate is lower than the government

third advance estimate of 8.8 million MT in 2018-19, as well

as 8.4 million MT pegged last year.

Mandi Price in Rs/ Quintal

Location 05-08-2019 29-07-2019 % Change

Jaipur 4107 4103 0.10

ALWAR 4076 4089 -0.32

SRI GANGA NAGAR

3950 3950 0.00

FUNDAMENTAL SUMMARY

Price Drivers Impact

NAFED may not sell mustard lower than MSP

Bullish

Lower demand of mustard from oil millers

Bearish

Lower imports of mustard oil Bullish

Lower arrivals in the domestic Mandis Bullish

Lower export of meal Bearish

Higher production estimate of 2018-19 Bearish

Based on Primary & Secondary Sources

3,200

3,700

4,200

4,700

5,200

5,700

Sep

-16

No

v-1

6

Jan

-17

Mar

-17

May

-17

Jul-

17

Sep

-17

No

v-1

7

Jan

-18

Mar

-18

May

-18

Jul-

18

Sep

-18

No

v-1

8

Jan

-19

Mar

-19

May

-19

Jul-

19

Rapeseed & Mustard-Black - 42%

Fundamental Analysis-COTTON

Mandi Price in Rs/ Quintal

Location 05-08-2019 29-07-2019 %Change

Kadi (29 mm) 11740 12345 -4.90

Akola (long staple)

11240 12083 -6.98

Abhor(Medium staple)

10987 11631 -5.54

• Cotton prices in domestic spot markets across the country remained

low due to selling pressure. As per market sources panic selling was

seen in the markets as the upcoming 2019-20 crop is expected to be

excellent.

• Favourable weather conditions benefiting the crop will be giving a

better potential yield for the upcoming season. As per sources, prices

will continue to fall or move sideways until there are more purchases

from the mills.

• Meanwhile, falling cotton yarn exports have dismayed the traders, the

textile industry has voiced alarm over the consistent fall in cotton yarn

exports in the last three months due to sharp decline in demand in

importing countries such as China, Bangladesh and South Korea,

besides duty-free access given by China to competing Pakistan.

• The Cotton Textiles Export Promotion Council (Texprocil) has pointed

out that cotton yarn exports from April to June 2019 was 226 million

kg as against 338 million kg during the same period last year. In June,

the exports were just 59 million kg, which are 50.74 per cent less

compared to June 2018.

• According to the Ministry of Agriculture, Cotton acreage during

current Kharif season increased by 5 per cent at 115.15 lakh hectares as

compared to 109.79 lakh hectares same period last year.

• Higher acreage is reported from Maharashtra (4.37 lakh hectares),

Rajasthan (2.07 lakh hectares), Telangana (1.51 lakh hectares),

Haryana (0.68 lakh hectares), Madhya Pradesh (0.48 lakh hectares),

Punjab (0.39 lakh hectares) and Odisha (0.34 lakh hectares). Lower

acreage was reported from Gujarat (1.63 lakh hectares), Karnataka

(0.56 lakh hectares) and Andhra Pradesh (0.25 lakh hectares).

• The government has increased the Minimum Support Price (MSP)

2019-20 of Cotton (Medium Staple) at Rs 5,255 per quintal as against

Rs 5150 per quintal last year. Cotton (Long Staple) is fixed at Rs 5,550

per quintal as compared Rs 5450 per quintal last year.

• As per the 3rd Advance Estimates released by Ministry of Agriculture,

Cotton production could decline to 27.59 million bales (170 kg each) in

2018-19 from 32.80 million bales in the previous year.

• The International Cotton Advisory Committee (ICAC) has estimated

cotton production for 2019-20, at 6 per cent higher from prior year at

27.2 million tonnes with consumption increasing by 1.7 per cent to

26.9 million tonnes hence global stocks should swell to 18 million

tonnes.

FUNDAMENTAL SUMMARY

Price Drivers Impact

Subdued demand at higher levels in most of the spot markets

Bearish

Expectation of higher production in coming 2019-20 season

Bearish

Higher acreage during current season at 115.15 lakh hectares against 109.79 lakh hectares

Bearish

Decline in demand in importing countries such as China, Bangladesh and South Korea

Bearish

Higher Global cotton production as compared to last year

Bearish

Based on Primary & Secondary Sources

11,000

11,500

12,000

12,500

13,000

13,500

14,000

Cotton 29 mm: Kadi (Rs./Quintal)

Fundamental Analysis- SUGAR

FUNDAMENTAL SUMMARY

Price Drivers Impact

Centre fixed August month Sugar sale quota lower at 19 lakh tonnes

Bullish

Higher demand due to festivals Bullish

Sugarcane acreage declined to 52.30 lakh hectares

Bullish

ISMA estimating decline in Sugar production at 282 lakh tonnes

Bullish

Opening stocks of Sugar at 14.5 million tonnes on 01 October 2019

Bearish

Fair and Remunerative Price (FRP) of Sugarcane unchanged

Bearish

Based on Primary & Secondary Sources

Mandi Price in Rs/ Quintal

LOCATION 05-08-2019 29-07-2019 %Change

Kolhapur 3216 3146 2.23

Kanpur 3373 3277 2.93

Muzaffar Nagar

3395 3235 4.95

• Sugar prices in markets across the country continue to trade firm

tracking lower monthly sale quota and improved buying at lower

levels. In Mumbai, sugar prices were at Rs 3,242-3,282 a quintal

for S-grade and at Rs 3,266-3,402 for M-grade, as per Bombay

Sugar Merchants Association.

• As per trade sources, market is likely to remain firm on

expectation of higher festive season demand in coming weeks.

Indian Sugar Mills Association expects to export 7 million tonnes

of sugar in 2019-20.

• The Centre has fixed August month Sugar sale quota for mills at

19 lakh tonnes lower than 20.5 lakh tonnes set for July month.

August quota is also lower than the market's expectation of 21-22

lakh tonnes. The market was expecting a higher sales quota for

August because of higher demand ahead of festivals such as Id

and Raksha bandhan.

• As per the Ministry of Agriculture latest Kharif crop acreage

report dated 02nd August 2019, the all India Sugarcane acreage

has declined to 52.30 lakh hectares as compared to 55.45 lakh

hectares same period last year. Higher acreage is reported from

Uttar Pradesh (3.96 lakh hectares), Karnataka (1.12 lakh

hectares), Bihar (0.39 lakh hectares), Madhya Pradesh (0.29 lakh

hectares), Haryana (0.22 lakh hectares), and Punjab (0.07 lakh

hectares). Less area is reported from Tamil Nadu (0.64 lakh

hectares), Gujarat (0.51 lakh hectares), and Maharashtra (0.27

lakh hectares).

• According to the Indian Sugar Mills Association (ISMA) Sugar

production may decline by 14 per cent to 282 lakh tonnes in the

forthcoming sugar season (2019-20) starting October, mainly due

to fall in the area under sugarcane in Maharashtra and Karnataka.

• According to Industry body ISMA, the opening stocks of sugar is

expected to be at an all-time high of around 14.5 million tonnes

on 01st October 2019, as against the normative requirement of

around 5 million tonnes.

• The Cabinet Committee on Economic Affairs decided to keep fair

and Remunerative Price (FRP) of Sugarcane unchanged at Rs 275

per quintal for 2019-20 marketing year (October-September).

2,800

2,900

3,000

3,100

3,200

3,300

05

-Au

g-1

8

05

-Se

p-1

8

05

-Oct

-18

05

-No

v-1

8

05

-De

c-1

8

05

-Jan

-19

05

-Fe

b-1

9

05

-Mar

-19

05

-Ap

r-1

9

05

-May

-19

05

-Ju

n-1

9

05

-Ju

l-1

9

05

-Au

g-1

9

Sugar M-Grade: Kolhapur

• Fall of 33% in India's April-June 2019

cotton yarn exports can lead to

layoffs: Texprocil

• India rice exports could hit 7-year low

on weak demand, higher prices:

Industry

• Govt fixes export quota of 10,000

tonne of sugar to EU at concessional

rate

• Indian rice exporters seek parity in

import duty

• Global cotton prices down 26% on

weak demand

• To purchase the India Commodity Year

Book 2019, contact us at

research@ncml.com

The Week That Was!

Official Production Estimates

Third advance estimates 2018-19& previous years’ estimates: Fourth Advance Estimates 2017-18

Link for commodity-wise and

market-wise prices and arrivals:

http://agmarknet.gov.in/PriceAndArrival

s/CommodityWiseDailyReport2.aspx

MINIMUM SUPPORT PRICE (Rs/Qtl.)

Commodity 2018-19 2019-20 KHARIF **NEW**

Paddy Common 1750 1815

paddy grade A 1770 1835

Jowar Hybrid 2430 2550

Jowar Maldandi 2450 2570

Bajra 1950 2000

Ragi 2897 3150

Maize 1700 1760

Tur/Arhar 5675 5800

Moong 6975 7050

Urad 5600 5700

Groundnut 4890 5090

Sunflower seed 5388 5650

Soybean Yellow 3399 3710

Sesame 6249 6485

Niger seed 5877 5940

Cotton (Medium Staple) 5150 5255

Cotton (Long Staple) 5450 5550

RABI

Commodity 2017-18 2018-19

Wheat 1735 1840

Barley 1410 1440

Gram 4400 4620

Masur (Lentil) 4250 4475

Rapeseed/Mustard 4000 4200

Safflower 4100 4945

*includes bonus of Rs 200 per quintal

# includes bonus of Rs 100 per quintal

Commodity Latest Fortnight ago

Month ago

Year ago

5-Aug-19 17-Jun-19 3-Jun-19 6-Aug-18

soybean 3619 3692 3710 3555

RM seed 4101 4100 4078 4335

Sugar 3373 3298 3278 3374

Cotton 11740 12394 12739 13357

Jeera 17614 18009 17278 19374

Castor 5548 5578 5568 4534

PRICE TRACKER

Crop Division Preliminary report on area coverage under Kharif crops as on 02-08-2019

Area : In lakh hectare

S.no Crop Normal Area

(DES)

Normal of corresponding

week

Area sown Increase (+)/Decrease (-) over

2019 2018 Normal of

Corresponding week

2018

1 Rice 396.25 266.2 223.53 255.48 -42.67 -31.95

2 Pulses 119.89 102.88 105.14 113.74 2.27 -8.59

a Arhar 43 36.78 37.5 39.29 0.72 -1.79

b Urad bean 30.77 27.92 30.27 31.99 2.35 -7.71

c Moong bean 27.5 24.99 25.81 29.34 0.82 -3.52

d Kulthi 2.19 0.33 0.18 0.35 -0.15 -0.17

e Other pulses 16.44 12.87 11.38 12.76 -1.49 -1.39

3 Coarse cereals 188.39 146.42 136.17 145.16 -10.26 -8.99

a Jowar 21.61 15.4 12.41 15.33 -2.98 -2.92

b Bajra 74.93 57.48 49.16 55.08 -8.32 -5.92

c Ragi 11.53 4.15 2.99 3.13 -1.16 -0.14

d Small millets 6.18 2.47 2.34 2.59 -0.14 -0.25

e Maize 74.68 66.93 69.27 69.03 2.35 0.24

4 Oil seed 181.96 154.83 149.41 157.39 -5.42 -7.98

a Groundnut 42.44 34.41 30.22 33.53 -4.19 -3.31

b Soybean 111.49 105.31 107.29 109.5 1.97 -2.22

c Sunflower 1.84 1.02 0.68 0.76 -0.34 -0.08

d Sesamum 14.13 11.69 9.65 11.59 -2.04 -1.94

e Niger 2.41 0.48 0.47 0.51 -0.01 -0.04

f Castor 9.66 1.91 1.1 1.5 -0.81 -0.4

5 Sugarcane 48.32 47.74 52.3 55.45 4.56 -3.15

6 Jute & Mesta 7.87 7.38 6.83 7.19 -0.55 -0.36

7 Cotton 120.93 107.71 115.15 109.79 7-.44 5.35

TOTAL 1063.61 833.15 788.52 844.2 -44.63 -55.67

1 As per the latest Kharif acreage report Rice acreage in India is reported at …………………………. lakh hectares.

185.14

2 In Maharashtra Soybean acreage has declined to 33.03 lakh hectares as compared 35.26 lakh hectares previous year.

True

3 According to ABARES, Australia chickpea production forecast for 2019-20 is ………………….. lakh tonnes?

3.66

AGCON QUIZ ANSWERS OF THE PREVIOUS WEEK

THESE PEOPLE ANSWERED CORRECTLY!

S.No Name Department Location S.No Name Department Location

1 Mr. Kuldip Singh Silo Projects Gurugram 22 Mr. Om singh CM Bikaner

2 Ms. RITU SANGAWAT SCM Gurugram 23 Mr. K B NAGARAJA S&P DAVANGERE

3 Mr. Pawan Joshi Mktyard Ahmedabad,

Gujarat 24 Mr. Vineet Poonia S&P Ellenabad

4 Mr. Basant Vaid SCM GUrgaon 25 Mr. Prashant Balel NFin Mumbai

5 Mr .Ajit upadhyay FAG gurgaon 26 Mr. PANKAJ SISODIA S&P Jodhpur

6 Mr. Praveen Kumar Mundra S&P Ellenabad 27 Mr. RAMAKRISHNA

SEELAM CWIG HYDERABAD

7 Mr. V krishna CWIG hyderabad 28 Mr. Nikhil Thakur CM Bathinda

8 Mr. Tarun kumar CM Sri ganganagar 29 Mr. Rakesh Kumar Raut S&P Gurugram

9 Mr.Shanmukha k r CM DAVANAGERE 30 Mr. Satpal S&P Ellenabad

10 Ms. Sarita MIttal SCM Gurgaon 31 Mr. Abdul Kaleem CWIG Gurugram

11 Mr. Abhineet Srivastava IVG Gurugram 32 Mr. Pravendra Singh T&C Jaipur

12 Mr. JAI KUMAR CM AMRITSAR 33 Mr. VIKAS KUMAR CM KARNAL

13 Mr. Rakesh Kumar Kain NFin Gurguram 34 Mr. JAGSEER SINGH S&P Ellenabad

14 Mr. Baskaran R CM Arni 35 Mr, Kulvinder Singh S&P Ellenabad

15 Mr. Ajendra Singh Chauhan Mktyard Gurgaon 36 Mr. HARISH KUMAR S&P Ellenabad

16 Mr. Javeed M S&P Davanagere 37 Mr. Vikash Kumar Nishad SCM Gurgaon

17 Mr. Babloo Kumar CM Gurgaon 38 Mr. Nirbhay S&P Ellenabad

18 Mr. Biplob bera T&C Kolkata 39 Mr. Surender S&P Ellenabad

19 Mr. Rethin Kumar K R Risk Gurgaon 40 Mr. Shivjot Singh Dhillon CM Sirsa

20 Mr.Jitendra Kumar Raidas Others Bilaspur c.g 41 Mr. Vinod Maurya CM Gurgaon

21 Mr. Pawan Chaturvedi CWIG Ajmer,

Rajasthan

AdvisoryTeam

Nalin Rawal Head Nalin.r@ncml.com

Sreedhar Nandam Vice President sreedhar.n@ncml.com

S. Anisul Hassan Head - Business Development anisul.h@ncml.com

Research Team

Ankur Gupta Data Scientist ankur.g@ncml.com

MukeshUpamanyu Agri Analyst mukesh.u@ncml.com

Suresh Solanki Assistant Manager suresh.s@ncml.com

Akash Jaiswal Research Analyst akash.j@ncml.com

Ratanpriya Assistant Manager ratnapriya.a@ncml.com

Nahalaxmi. J Client Service Executive nahalaxmi.j@ncml.com

Shefali Jain Operation Executive shefali.j@ncml.com

Rajiv Kumar Associate rajiv.ku@ncml.com

Mr. Babloo Kumar

Gurgaon

CONGRATULATIONS!

NAME of the LUCKY WINNER

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