27/09/2017 pulses · 2019-06-14 · daily price monitoring report 14th june 2019 27/09/2017 (07...

Daily Price Monitoring Report 14th June 2019 27/09/2017

Pulses Today’s developments:

In major markets of producing regions like Raj and MP there is no pressure of arrivals. Even in south Indian markets chana stockiest are unwilling to sell at decreased price. Demand for dal is weak right now. So mills have restricted buying. Weak futures and limited buying have pressurized chana market. In Delhi market chana decreased to Rs4500.However, due to disparity of import at higher duty amid decreasing arrivals may restrict downward trend in chana market in coming weeks. Nafed would not sell chana at this point of time in bulk volume. So, buying around Rs4450-4475 seems good for stake holders.

Moong market is likely to move down by Rs200-300 from current level in Delhi market as new moong from Kanpur line has started hitting the market. Before this moong from MP line was coming into markets. Supply from Jahanabad too is expected from this week. However, there is not much moong available and it may start moving up again by June end. Old stock of Rajasthan line is almost exhausted now. So, stake holders should buy at Rs5800-5900 again and hold it until new moong from kharif season hits again.

As urad price is ruling higher right now, supply is coming down swiftly. So dal millers are buying from local stockiest. SQ in Chennai market is being traded at Rs 6000-6050.Arrivalof green urad from north India is 50 % lower this year due to poor yield. Besides, there is no new crop before Sep. So Agriwatch expects market to move up again by Rs 200-300.There is not much stock in govt.’s custody, while import cap at 1.5 lakh MT remains intact.

Govt. has decided to increase import quota from 2 to 4 lakh MT to control prices of tur. License for first two lakh MT import is likely to be issued next week, while another two lakh MT might take time for two to three months and may hit Indian market by Sep end /Oct. Besides this, govt would import 1.75 lakh MT through G2G basis and would sell 2 lakh MT from buffer stock to contain price of tur.At present govt has 11.53 lakh MT pulses in buffer while Nafed has 27.32 lakh MT pulses. So , there is no panic right now .Apart from this govt. has close eye on stockiest activities. All these developments would not allow market to move beyond a certain limit in coming weeks.

Recent Developments that are still Influencing Markets:

(12 June,2019) As per market source urad stock in Myanmar is said to be around 2lakh MT, while tur stock is around 75000to 100000 MT & Moong stock is around 20,000 MT.As per quota for import has been fixed at 1.5 lakh MT each for urad and moong, so supply side seems to be tight from Myanmar in coming months. Even, tur stock is lower than last year. New crop in Myanmar will be available not before Dec-Jan, so prices of moong and urad would continue to rule at higher level.

(11 June ,2019) Govt. increased tur import cap from 2 to 4 lakh MT.Besides,2 lakh MT would be sold from buffer stock in open market. It would be imported through G 2 G basis. Govt. has a close eye on pulses market and may take all possible action to control tur price.

(10 June,2019) : Moong market traded lower due to new arrival and poor demand for dhoya dal. New moong in MP was traded at Rs 6300-6400.Arrival was registered at 6 to 7 motors. Moong sourced from Jodhpur is in strong hands. As arrival pressure decreases, moong may trade up by Rs 200 from current level. Nafed still has1.77 lakh MT in stock. Out of total 1.63 lakh MT is old stock while14506 MT has been procured from summer crop. As procurement is on, stock would increase. New crop is coming from UP,MP and Bihar. So range bound movement might be seen in moong


(07 June, 2019) Chickpea market continues to be under pressure due to weak buying. Firmness in

chickpea market beyond a certain level is highly unlikely due to huge stock position with nafed. NAFED has a stock of 22 LMT (Old plus New) of chickpea. Lower crop size can be easily covered by stock position. Chickpea is expected to remain weak with small technical recoveries.

(4 June, 2019) Chana traded slightly weak taking clue from weak futures. Buyers remain wary of any bulk purchase. Chana in delhi market was traded at Rs 4600-4625(MP chana) while Rajasthan chana was quoted at Rs 4700. There was no trade at this price. Arrival was reported at 20-25 motors. Firmness in cash market depends on Nafed’s selling strategy.

(31 May, 2019) Lower pre-monsoon rainfall has started affecting kharif sowing in south Indian states. Monsoon would hit south India by 10 to 12th June. If it further gets delayed, its implication on kharif crop size would be serious. However, IMD is hopeful of normal monsoon this year.

(29 May, 2019) Nafed has purchased total 638799.38lakh tonne chana till 28th May-2019.Nafed has procured486781 lakh tonne in MP, 80320.69 MT in Raj,34500MT in Telangana18892.71 MT in Maharashtra15491.76 in Gujarat,2594.65 MT in AP,207.60 MT in Haryana and 10.25 MT in UP so far. Total stock of chana in Nafed custody is 22,41,547 MT right now and it may go up further as procurement is on.Out of total stock old is 1624310 MT while new is 617237 MT.The fig taken is on 27 th May-2019.

(28 May 2019) Details of other pulses stock in Nafed custody are as follows:Tur-838355 MT(old-562969 & old -275386 MT,urad-334552 MT(Old-320720,new-13832 MT),Moong-177374 MT(old-162868,new-14506 MT,Masur-191444MT(old-150802,new 40642 MT.

(26 May,2019) The govt may hike pulses import quota for millers due to tightening supply of tur in domestic market and lower production in other origins too. Tur price in domestic market has crossed MSP level and is ruling at Rs5800-6100 per qtl., depending on quality of the crop. Govt may allow additional import of few lakh MT of tur alone. The current quota fixed at 2 lakh MT.

(25 May 2019) Market sources expect tur import to increase by 6 to 7 lakh MT,if govt. permits addition import to control increasing price of tur. India imports tur from Malawi and Tanzania, Urad from Myanmar and yellow peas from Canada, Ukraine and Russia. Currently, India allows 2lakh MT tur import and 1.5 lakh MT each Urad, Moong and peas.

Price & Arrival:

Urad

State/District Market

Modal Price (Rs/Qtl)

Change

Arrivals (Qtl)

Change Source 13 Jun 2019

12 Jun 2019

13 Jun

2019

12 Jun

2019

Andhra Pradesh Guntur(Gota

Branded) 8100 8100 Unch NA NA - Agriwatch

Andhra Pradesh Vijaywada 6250 6250 Unch 1500 2000 -500 Agriwatch

Tamil Nadu Villupuram 5497 5879 -382 4 7 -3 Agmarknet

Tamil Nadu Chennai 4775 4838 -63 NA NA - Agriwatch


Tur



Change

Arrivals (Qtl)


12 Jun 2019

13 Jun

2019

12 Jun

2019

Andhra Pradesh Yemmiganur NA NA - NA NA - eNAM

Andhra Pradesh Kurnool NA NA - NA NA - eNAM

Maharashtra Akola NA NA - NA NA - eNAM

Andhra Pradesh Vijayawada 5400 5400 Unch NA NA - Agriwatch

Moong



Change

Arrivals (Qtl)


12 Jun 2019

13 Jun

2019

12 Jun

2019

Rajasthan Jodhpur NA NA - NA NA - eNAM

Karnataka Gulbarga NA NA - NA NA - Agmarknet

Madhya Pradesh Harda NA 5640 - 2506 NA - Agmarknet

Andhra Pradesh Vijayawada 6200 6000 200 200 200 Unch Agriwatch

Chana



Change

Arrivals (Qtl)


12 Jun 2019

13 Jun

2019

12 Jun

2019

Andhra Pradesh Kurnool NA NA - NA NA - eNAM

Andhra Pradesh Yemmiganur NA NA - NA NA - eNAM

Madhya Pradesh Indore 4400 4325 75 1200 1500 -300 Agriwatch

Rajasthan Bikaner NA NA - NA NA - eNAM

Chana at NCDEX

Contract Open High Low Close Change Volume O.Int

19-Jun 4459 4460 4420 4424 17 2590 3360

19-Jul 4440 4458 4413 4420 -8 38460 148910

19-Aug 4470 4504 4453 4456 -11 5360 35700

As on 13th June - 2019 at 6pm Rs/Quintal


Groundnut Recent updates:

(14.06.2019) As on 12thJune 2019 Nafed sold total groundnut K-17 & K-18 at 3810 MT and 6078 MT respectively in India. It has disposed total 9.47 lakh tonnes of groundnut K-17 and holds remaining balance at 0.97 lakh tonnes so far in Gujarat market only. Additionally, Nafed has sold total 2.53 lakh tonnes of groundnut K-18 and holds remaining balance at 4.49 lakh tonnes so far.

Developments that are still Influencing Markets: (12.06.2019) As on 11thJune 2019, Nafed has procured 5.81 MT of Groundnut (Rabi -2019) in

the district of Malkangiri of Odisha state. It procured total 130.76 MT at MSP price Rs. 4890 per quintal from 55 farmers.

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

(03.06.2019) Total groundnut output in Malkangiri was higher at 1.5 lakh quintal against 30,000 quintals last year. The district covered total 12,000 hectares of groundnut in this season. The agencies may buy one quintal of average fair quality (AFQ) groundnut at MSP price i.e. Rs. 4890 per quintal. A farmer is eligible to sell 30 quintals of groundnuts.

(22.05.2019) The state government got the approval from ministry of Agriculture to procure

groundnut and Sunflower seed of Rabi season in Odisha. The proposal for procurement of

shelled ground nut has been approved for 6580 tonnes at MSP prices i.e. 4890 per quintal and

10,500 tonnes of Sunflower seeds at MSP price Rs. 5388 per quintal from registered farmers.

The procurement operation has been started and will continue for two months till July 27,2019.

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

(30.04.2019) As per APEDA data, groundnut shipment reported lower by 3.13% to 488233 MT during April-March 2019 amounting total Rs. 3296 crores as compared to 504038 MT in last year during the same period of time. However, the shipment is higher by 26.290% as compared to 386594 MT in April to February 2019.

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 covered the lower sowing area for this season.

(15.02.2019) As per recent ministry report, total Rabi 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. in this year lower than 0.85 lakh hac. in the previous year.


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

estimate of GN to 3.29 lakh tons as against 4.05 lakh tons in 1stAdvanced estimates. Rabi groundnut production is estimated at 1.49 lakh tons.

Price & Arrival:

Groundnut

State/District Market Variety


Change

Arrivals (Qtl)

Change Source 14-

Jun-19

13-Jun-19

14-Jun-19

13-Jun-19

Andhra Pradesh

Adoni 5879 5889 -10 19 30 -11 NAM

Kadapa Local NA 4917 NA NA 375 NA NAM

Kurnool 5089 5852 -763 671 98 573 NAM

Yemmiganur NA NA NA NA NA NA NAM

Rajkot NA NA NA NA NA NA NAM

Telangana

Nagarkurnool NA NA NA NA NA NA NAM

Suryapeta NA NA NA NA NA NA NAM

Wanaparthy Town

NA NA NA NA NA NA

NAM


Onion

Today’s Development:

According to the news source NAFED has so far procured over 30,000 tons of onions in Maharashtra.

Prices & arrivals in most of the markets are higher, which indicates that prices are likely to be firm in coming days.

Recent Developments that are still influencing the Market:

(13th June 2019) Prices have dropped down in most of the markets after the exemption of the MEIS scheme by the government.

(12th June 2019) The government has exempted incentives by 10 % on immediate effect from 9th June 2019 in order to cut down the prices in domestic markets.

(12th June 2019) On Tuesday arrivals reported lower in the market where as prices reported mixed variations. Prices are likely to be firm in coming days.

(11th June 2019) In Maharashtra, Rabi acreage (Rabi+Unhali) is estimated to be 2.88 lakh hectares compared to last year’s area of 3.39 lakh hectares, down 15% as per our estimates.

(6th June 2019) Exports are 11.17 lakh tons compared to last year 7.49 lakh tons (During

September to February month) as per DGCIS data. Exports incentives are 10% till 30th June 2019

under MEIS scheme which may push the prices further upward.

(1st June 2019) - On Saturday lower arrivals reported in most of the markets and modal prices in Lasalgaon are trading near Rs 1200/ quintal.

(30th May 2019) - Onion prices are trading on higher side in most of the markets and are likely to increase further in coming days.

(29th May 2019) - In major producing onion states like Maharashtra, Madhya Pradesh and Gujarat, arrivals during the period (1st May -26th May 2019) are lower than last year during same period by 32.66%, 49.76%, and 43.76% respectively. (Source: Agmarknet). Reason for lower arrivals in the markets amid lower anticipated production may be release of the onion crop with slower pace as traders/farmers are expecting to fetch higher prices in coming months.

(26th May 2019) - Onion prices are trading firm in Maharashtra and are likely to remain on higher side for coming months.

Price and Arrivals in Major Markets

Onion

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

Source 13-Jun-19 12-Jun-19 Change 13-Jun-19 12-Jun-19 Change

Gujarat Ahmedabad 1325 1150 175 850 714 136 Agmarknet

Rajkot NA 1175 - NA 210 - Agmarknet

Karnataka Bangalore 1150 1100 50 1996 1917 79 Agmarknet

Belgaum NA 1250 - NA 529 - Agmarknet

Madhya Pradesh Indore NA 900 - NA 6246 - Agmarknet

Maharashtra Lasalgaon 1320 1130 190 2415 1500 915 Agmarknet

Pune 1200 1400 -200 1519 1432 87 Agmarknet

Andhra Pradesh Kurnool NA NA - NA NA - Agmarknet

Rajasthan Jaipur 1100 1100 Unch 864 960 -96 Agriwatch

Telangana Hyderabad 1500 1450 50 400 400 Unch Agmarknet

Daily Price Monitoring Report 14th June, 2019

27/09/2017

Potato Today’s Development:

In most of the markets of UP potato prices are trading below three year average

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

According to the state government, the storage capacity of agra mandal is 49.23

lakhs tons & stored quantity is 39.25 lakhs tons, which is accounted almost as 79% of

the total capacity.

Developments that are still influencing the Markets:

(11th June 2019) In West Bengal, loading in cold storage is completed and traders are expecting

85% capacity utilization this year from a total storage of 70.62 lakh tons. So far approximately

10%-12% released which is higher by 2-3% than last year.

(6th June 2019) - In Agra, potato prices are trading near Rs 800/ quintal compared to Rs 1230/

quintal in corresponding period last year. According to trade sources so far 12% potato has been

released from the cold storages with a total capacity of 25.40 lakh tons.

(1st June 2019) - In Agra, cold store potato price are trading near Rs 900-Rs 1000/ quintal. Fresh crop from farmers shed is fetching a price of Rs 700-850/ quintal.

(30th May 2019) - In Agra, potato prices are trading near Rs 730/ quintal compared to Rs 1250/

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

compared to last year.

(28th May 2019) - In U.P, release from cold store is in progress and picking up pace, meanwhile

farmer’s stocked crops in their farms sheds is almost over.

(25th May 2019) - Potato prices are trading firm to steady in most of the markets and are expected to increase further in coming days as release from cold storage will be full fledge.

(20th May 2019) - In West Bengal, loading in cold storage is completed and traders are

expecting 85% capacity utilization this year compared to last year 92% capacity utilization from a

total storage of 70.62 lakh tons. Release has started in smaller quantity and expected to pick up

pace in couple of weeks.

Price and Arrivals at Major Markets

Potato

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


Andhra Pradesh Palamaner NA NA - NA NA - NAM

Karnataka Bangalore 1400 1400 Unch 1037 1451 -414 Agmarknet

Belgaum NA 1400 - NA 519 - Agmarknet

Gujarat Surat 925 925 Unch 620 625 -5 Agmarknet

Madhya Pradesh Indore NA 800 - NA 89 - Agmarknet

Maharashtra Pune 1300 1200 100 673 408 265 Agmarknet

Delhi Delhi 716 716 Unch 897 972 -75 Agmarknet

Uttar Pradesh Agra 830 840 -10 68 1300 -1232 Agmarknet


27/09/2017

Tomato

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

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

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

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

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

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

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

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

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

(28th May 2019) - In Madanapalle, prices are trading near Rs 2650/quintal compared to last

year’s Rs 500/ quintal during same time period.

(25th May 2019) - In coming weeks prices are expected to remain firm in most of the markets

and are likely to remain on higher side compared to last year because of lower crop size from

South Indian states.

(21st May 2019) - In Madanapalle, Prices has touched a level of Rs 4080/ quintal and are likely

to trade in this range only for coming days.

Price and Arrivals in Major Markets

Tomato

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


Andhra Pradesh

Mulakalacheruvu 2800 2600 200 17 20 -3 Agmarknet

Madanapalle NA NA - NA NA - NAM

Kalikiri NA NA - NA NA - NAM

Pattikonda NA NA - NA NA - NAM

Gurramkonda NA NA - NA NA - NAM

Karnataka Chintamani NA NA - NA NA - Agmarknet

Kolar 2033 2000 33 829 738 91 Agmarknet

Maharashtra Pune 2000 3000 -1000 146 129 17 Agmarknet

Delhi Delhi 1376 1344 32 435.6 353.7 82 Agmarknet

Telangana Bowenpally NA NA - NA NA - Agmarknet


27/09/2017

Turmeric

Today’s Developments:

In Sangli district of Maharashtra and adjoining area of Karnataka till now 35 -40% turmeric sowing completed, farmers were waiting for rainfall. Next 15 – 20 days is crucial for sowing, if rainfall not happen turmeric sowing area drastically come down.

Rainfall during 01-03-2019 to 12-06-2019, in Marathwada region lower by 58% and in Madhya Maharashtra region rainfall departure lower by 67%. If it will continue we expect Turmeric sowing area drastically come down and likely to support prices. Farmers were waiting for monsoon rainfall.


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

In Erode mandi new Turmeric supply reported around on an average daily basis 4,000 – 4,300 quintals.

In Warangal market, new Turmeric entered to the market, on an average daily basis 3,250– 3,900 quintal.

As per Agriwatch’s Second advance production estimate, Turmeric production for 2019-20 is 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.

Prices & Arrivals

NCDEX:

Turmeric

State Market Variety Modal Price (Rs/Qtl)

Change Arrivals (Qtl)

Change Source 13-Jun-19 12-Jun-19 13-Jun-19 12-Jun-19

Andhra Pradesh

Duggirala Finger 6075 NA -

110 NA - NAM Bulb 6075 NA -

Kadapa Finger 5752 NA -

94 NA - NAM Bulb 5750 NA -

Telangana

Nizamabad Finger NA NA -

NA NA - NAM Bulb NA NA -

Warangal Finger 5850 5850 Unch

3900 3900 Unch Agriwatch Round 5650 5650 Unch

Tamil Nadu

Erode Finger NA 6582 -

NA 470.9 - Agmarknet Bulb NA 5885 -

Turmeric at NCDEX

Contract Change Open High Low Close Volume O.Int

Jun-19 -34.00 6748.00 6748.00 6712.00 6730 130 800

July-19 -74.00 6786.00 6820.00 6662.00 6692 2575 15940

Aug-19 -92.00 7058.00 7058.00 6902.00 6918.00 785 5480

As on 13th Jun, 2019 at 5:00 pm Prices in Rs/quintal, Volumes and Open interest in MT


27/09/2017

Chilli


Guntur chilli market reopen with higher prices.

Red chilli prices likely to go up further due to lower stocks available in cold storage. As per trade information, chilli cold storage stocks as on date (including old and new crops) in Guntur stood at 216,000 to 225,000 MT and in Andhra Pradesh around 319,500 to 324,000 MT according to various trade estimates.


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

Current year chilli sowing likely to start from July first week. We expect sowing area may increase due to prevailing higher prices and expecting higher further due to lower cold storage stocks, however monsoon rainfall is crucial factor for chilli sowing area.

As per Agriwatch 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 2019-20 is estimated at 12.22 lakh MT. Previous year’s production was 10.50 lakh MT.

Prices & Arrivals

Red Chilli

State Market Variety Modal Price (Rs/Qtl)



Andhra Pradesh

Guntur Teja NA NA - NA NA - NAM

334 NA NA - NA NA - NAM

Telangana Khammam Red 7000 7700 -700 234 352 -118 Agmarknet

Warangal Talu 1300 2000 -700 470 2760 -2290 Agmarknet


27/09/2017

Maize


As per USDA, U.S corn exports reached 41.26 MMT in the 2018-19 marketing year. At 0.89 MMT

(for the period 31st May- 06th Jun, 2019) US corn exports were up 15 percent from the

previous week but down 18 percent from the previous 4-week average; mainly for the

destination like Japan (322,100 MT), Mexico (253,400 MT), Colombia (95,800 MT), and Taiwan

(58,600 MT).

In Davangere region of Karnataka, maize is moving towards Bangalore at Rs. 2400-2500 per

quintal, Nammakal at Rs. 2350-2380 per quintal, Chitradurga at Rs. 2350 per quintal, Chennai at

Rs. 2450-2500 per quintal, Ranebennur at Rs. 2350 per quintal (Delivered price); sourced from

Davangere.


In Bihar region, despite the new crop arrival pressure; maize is likely to trade steady to range

bound due to high feed makers’ demand. In Karnataka region, maize is likely to trade steady to

slightly weak in near term as fall in prices in Bihar could impact the demand of Karnataka’s

maize. However, in Nizamabad region, it is likely to trade steady to slightly firm as arrival

pressure has reduced.

In Karnataka, farmers are likely to shift from sugarcane to maize as this is short term crop and

requires less water in comparison to sugarcane. As maize traded higher than MSP; farmers are

likely to sown more maize during kharif season.

As per trade sources, India exported 19,552 MT of maize for the month of April’19 at an average

FoB of $324.81/ MT. Indian maize is exported mainly to Nepal mainly through Sonauli ICD

followed by Raxaul and Jogbani ICD port.

Prices & Arrivals:

Maize

State/ District

Market Grade Modal Price (Rs./Qtl)



Telangana Nizamabad Bilty 2150 2150 Unch 2000 2000 Unch AGRIWATCH

Bihar Gulabbagh Bilty 1750 1600 150 20000 50000 -30000 AGRIWATCH

Karnataka Davangere Bilty 2350 2350 Unch 1000 1000 Unch AGRIWATCH

Delhi Delhi Loose 1850 1850 Unch NA NA - AGRIWATCH

Andhra Pradesh

Kurnool Loose NA NA - NA NA - ENAM

*Difference between current and previous day’s prices.


27/09/2017

Sugar


Indian sugar market across India showed mixed trend on Thursday whereas ICE July future gained some momentum due to stronger Brazilian real. The prices are expected to remain down for coming few days due to less demand and the prices in UP is likely to remain bearish due to incoming supply of sugar from Maharashtra.

Kolhapur sugar market price stood at Rs.3115 and khatauli market prices stood slightly higher at Rs. 3400.

Sugar output this season is expected to be 3 year low due to dry weather, may decline to 28-29 million tonnes likely to support prices that drop around 20% last year. A lower harvest would trim a record domestic surplus, potentially curtailing exports and supporting global prices. The standing sugarcane crop in major producing states get rainfall at this phase of time but delay in monsoon in these states has hit the crop badly and deficient pre-monsoon rains has not supported the crop efficiently.

Today’s Developments that are still Influencing Markets:

(13th June 2019)The data released by the Ministry of Agriculture, till first week of June area sown in sugar season 2019-20 stands at 47.85 lakh hectares as compared to 47.91 lakh hectares sown at the same time last year. The sugarcane cultivation in Maharashtra has declined around 18% to 8 lakh hectares as compared to 9.49 lakh hectares sown last year. Other major cane producing states such as Uttar Pradesh and Karnataka has registered a growth in acreages by 3% and 24% respectively.

(12th June 2019) ISO’s latest forecast depicted increase in global sugar surplus in 2018-19 to 1.83 million tonnes up from a previous estimate of 6,41,000 tonnes. This increase in surplus is majorly due to robust production India followed by Thailand along with fall off sugar consumption to 176.91 million tonnes from the previous forecast of 178 .04 million tonnes in 2018-20.

(11th June 2019) According to the Maharashtra sources, in 2019-20 season, over 300LT less cane is expected for the crush to 650LT from 8.5 lakh hectares available cane as against 952LT from the 11 lakh hectares reported for 2018-19.

(8th June 2019) Maharashtra is likely to divert 25% of cane to ethanol production due to low prices of sugar, surplus stocks and pilling cane arrears. Maharashtra sugar commissioner has made a proposal to Chief Minister for the assistance of promotion of ethanol production from sugarcane juice in the state.

(8th June 2019) Maharashtra sugar mills have, by the end of crushing season, paid 94 per cent Fair and Remunerative Price (FRP) to sugarcane farmers. According to industry experts, this is the first time that farmers have received almost all the payment without any delay. Of the total payable FRP of Rs.23,000 crore, mills have paid about Rs.21, 604 crore to over 20 lakh cane growers in the State.

(7th June 2019) In Maharashtra, around 20,000 villages are facing severe drinking water crises with no water left in 35 major and medium dams. In about 1,000 small dams, the water level is less than 7.6%, according to the data released by Maharashtra water resources department. In first week of June in 2018, the average water level in these dams was 17.89 %.

(5th June 2019) Total sugarcane production in India during 2018-19 is estimated at a record of 400.37 million tonnes. The production of sugarcane during 2018-19 is higher by 50.59 million


27/09/2017

tonnes than the average sugarcane production of 349.78 million tonnes as per the data released by 3rd advance estimates of production by Department of Agriculture, Cooperation and Farmers Welfare.

(4th June 2019) Maharashtra sugar millers have opted to export sugar through third party quota at Rs. 28-28.5/kg selling 3-4 lakh tonnes sugar. Tepid demand of sugar in the domestic market, millers are not able to sell its sugar at MSP. This has forced them to store sugar stocks in open and as monsoon is arriving very soon according IMD, therefore, selling sugar on third party export quota over and above their own export quota, helped the mills liquidate the excess sugar with them.

(1st June 2019) Government fixes June sales quota slightly higher at 21.5 LT to each of 534 mills in the country against 21LT for last month along with added incentivized quota to those mills who have completed their export targets under MIEQ Quota.

(30th May 2019) Haryana cooperative sugar mills received Rs.350 crore on Tuesday to clear arrears and paying off to sugarcane farmers for crushing season of 2018-19. Payments of Rs.1,098.38 crore had been made till now and outstanding dues is decided to pay in the next coming week.

(29th May 2019) The centre has asked the sugar mills to calculate the cost of sugar production which may range around Rs.34 but the sources says that the stress would be relieved if the prices are finalized at Rs.35-36. The government has finally came with initiation for the solution regarding setting of the minimum support price which is much lower than the cost of sugar production.

Prices

Sugar (M grade)

State/ District Market

Modal Price (Rs /Qtl)

Change Source 13 June-19 12 June-19

Maharashtra Kolhapur 3115 3120 -5 AW

Uttar Pradesh Khatauli 3400 3400 Unch AW

Andhra Pradesh Vijayawada 3620 3620 Unch AW

Delhi Delhi 3260 3250 10 AW


27/09/2017

Cotton Today’s Developments:

Cotton prices expected to trade higher side as the crop has been short by 10-12% over last year and as the arrivals are on verge of end. Moreover, raising domestic demand and procurement by CCI also support prices.

As per the latest estimates of Skymet, overall average yield is about to take charge to about 449kg/ha higher from previous year’s average yield although El nino is going to dominate this year but the most critical stage of cotton in August is expected to have good rainfall due to delay in monsoon which is going to help the cotton crop to gain good yield. Also the area is expected to increase by 2.7% compared to previous year.

Recent Developments that are still Influencing Market:

(13th June 2019) According to latest USDA June report, Indian imports has been increased by 1.9 LB to 19.85LB from previous estimate of 17.93 due to lower crop this season in India. Still Indian millers are booking the imports for creating stock as IMD expects lower rainfall which may affect the cotton production in the coming season. USDA estimates Indian exports could reach upto 53.79 LB and production estimates at 332.98 LB higher than CAI projection of 315LB in 2018-19.

(12th June 2019) The US Crop Progress report showed US cotton planting progress moving just 4% from last week to 75% complete. That is behind the average pace of 87%, with 11% squaring. U.S. cotton planting progress remains good. Cotton planting progress has been on par with the five-year average. USDA sees no shortage of cotton anywhere in the coming year.

(11th June 2019) In Punjab, cotton crop has been sown in nearly 4 lakh hectares and may go up by 10,000 hectares as the sowing is still going on, according to the State Agriculture department. The acreage was nearly 2.84 lakh hectares in 2018. In Haryana, farmers had sown cotton in 6.35 lakh hectares till June 6. Last year the total area under cotton was 6.61 lakh hectares.

(11th June 2019) India’s exports to Pakistan too have dipped by about 32% to $171.34 million in March as India raised the customs duty to 200% on all goods imported from Pakistan. According to the data of the Commerce Ministry, imports declined to $2.84 million in March as compared to $34.61 million in March 2018.

(8th June 2019) The bulls continue to point to ever increasing imports of U.S. cotton by India. The world’s largest cotton producing country finds itself with a weather reduced 2018-19 crop and is having to import cotton as the price of its dwindling domestic supplies increase almost daily. India will continue to buy U.S. cotton and this will offer slight upward price support for New York.

(7th June 2019) The country has produced a record of 275.93 million tons of cotton, last year 328.05 million tons was produced according to the third advance production estimate released by the Ministry of Agriculture, in 2018-19.

(5th June 2019) Cotton Association of India (CAI) recently released its latest cotton crop estimating the crop size at 315 lakh bales, lowest in over a decade and significantly down from the previous year's output estimate of 365 lakh bales. The total cotton supply estimated by the CAI during the period from October 2018 to May 2019 is 325 lakh bales including the arrival of 288 lakh bales and imports of 9 lakh bales up to May 31, 2019.


27/09/2017

(4th June 2019) From May 5 to Jun 3, the cumulative turnover of reserve cotton was 209,000 tons, and the turnover rate was 89.71%. On 31st May, the reserve sales of reserve cotton was 9970.4702 tons, the actual turnover was 8146.5367 tons, and the turnover rate was 81.71%.

(1st June 2019) Cotton sowing has already inclined by 10-20% in northern India and further simultaneously the total acreage for cotton is expected to increase by 7-8% due to low carryover stock and steady prices prevailing in the market for cotton encouraging sowing in some areas of north India. Cotton seed sale is up in Hanumangarh, Rajasthan due to re-sowing after rains in recent weeks damaged the crop.

(30th May 2019) The domestic cotton prices is on hike up by 3% in a week due to rise in New York cotton future prices and lower arrivals in the market. Further hike in prices may notice if the government announces any hike in MSP for the ensuing kharif crop. Maharashtra government recommended an increase a 15% increase in MSP.

(30th May 2019) Traders and ginners in India have hold their cotton stocks due to weight loss in May month as it results in a loss of about Rs.800/candy to Rs.950/candy at current rates. Since cotton absorbs and exudes the moisture, traders are likely to wait until the onset of monsoon resulting in increase in weight to avoid the weight loss occurred in May month.

(29th May 2019) The farmers are likely to shift their crop from cotton to soybean as the latter crop is sturdy and can withstand adverse weather conditions and even it has better export opportunities over cotton. Also the shift is seen due to IMD’s forecast that the onset monsoon is delayed by 7 days in Kerala and due to scorching heat soybean seems to be a better source of utilizing the land and resources. The greatest rise in soybean area could be in Maharashtra, where farmers were not happy with returns from cotton.

(28th May 2019) As Punjab government has targeted its cotton area to 4 lakhs, the following varieties 7172 cotton seed, BT 7172 and Bio Seed 11 have been recommended which will lower their cost of production with less usage of fertilizers and pesticides. Also the Punjab government is encouraging farmers to adopt drip irrigation technology on cotton crop by providing a subsidy of 80 per cent on the total cost of the project. In spite of government’s recommendation Punjab farmers are likely to shift to paddy cultivation.

Prices:

Cotton

State/ District Market

Modal Price (Rs /Qtl)

Change

Arrivals (Qtl)

Change Source 13-June-19 12-June-19 13-June-19 12-June-19

Gujarat Rajkot Closed 6200 - Closed 640 - APMC

Andhra Pradesh Adoni 6485 6489 -4 1101 811 290 Agriwatch

Andhra Pradesh Guntur NA NA - NA NA - Agriwatch

Andhra Pradesh YEMMIGANUR NA NA - NA NA - NAM


27/09/2017

Palm Oil


Palm oil prices are expected to be underpinned by expectation of rise in end stocks of palm oil in

Malaysia in coming months, fall in exports of palm oil from Malaysia and expectation of rise in

production of palm oil in Malaysia and Indonesia. Palm oil end stocks in Malaysia is expected to

fall in Malaysia in June-July due to rise in production of palm oil in Malaysia and fall in exports of

palm oil in the country in coming months. Production of palm oil is expected to rise on seasonal

uptrend of production. Market was surprised by rise in production of palm oil in Malaysia in May

as reported by MPOB indicating pickup in production in coming months. Exports are expected to

fall on weak demand from India, EU and China. Demand from India is expected to weaken due

to rise in stocks of palm oil in the country, severe summer and Ramadan is over. Demand from

China is expected to seasonally remain low. However, demand may firm at lower prices. Weak

crude oil prices are drag on palm oil prices and demand.


(12 June 2019)-According to Malaysia Palm Oil Board (MPOB), Malaysia’s May palm oil stocks

fell 10.34 percent to 24.47 lakh tons compared to 27.30 lakh tons in April 2019. Production of

palm oil in May rose 1.34 percent to 16.72 lakh tons compared to 16.49 lakh tons in April 2019.

Exports of palm oil in May rose 3.51 percent to 17.12 lakh tons compared to 16.54 lakh tons in

April 2019. Imports of palm oil in May fell 0.52 percent to 0.62 lakh tons compared to 0.62 lakh

tons in April 2019. End stocks of palm oil fell more than trade expectation on higher exports and

higher domestic use of palm oil in Malaysia.

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

June 1-10 palm oil exports fell 32.6 percent to 377,235 tons compared from 559,545 tons in the

corresponding period last month. Top buyers were India at 100,354 tons (154,120 tons), United

States at 55,680 tons (54,510 tons), China at 55,800 tons (33,760 tons), European Union 44,600

tons (163,310 tons) and Pakistan at 0 tons (0 tons) and. Values in brackets are figures of

corresponding period last month.

(9 June 2019)-According to China's General Administration of Customs (CNGOIC), China’s May

edible vegetable oils imports rose 36.4 percent m-o-m to 7.08 LT from 5.19 LT in April 2019.

Imports rose 17.2 percent y-o-y from 6.04 LT in May 2018. Year to date imports of edible

vegetable oil rose 42.2 percent to 31.89 lakh tons.

(29 May 2019)-According to Indonesia trade ministry, Indonesia kept June crude palm oil export

duty unchanged at zero. The reference price is set at USD 547.17 per ton, much lower than

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

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

(17 May 2019)-Crude Palm oil import scenario- According to Solvent Extractors Association

(SEA), CPO Imports fell 19.8 percent y-o-y in Mar to 4.50 lakh tons from 5.57 lakh tons in Mar

2019. Imports in oil year 2018-19 (November 2018-April 2019) were reported marginally higher

y-o-y at 45.80 lakh tons compared to 45.74 lakh tons in corresponding period last oil year.

(17 May 2019)-RBD palmolein import scenario- RBD palmolein imports rose y-o-y in Apr 13.80

percent to 2.39 lakh tons from 2.10 lakh tons in Apr 2018. Imports in oil year 2018-19


27/09/2017

(November 2019-April 2019) were reported higher by 22.35 percent y-o-y at 11.99 lakh tons

compared to 9.80 lakh tons in corresponding period last oil year.

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

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

2018.76 ringgit ($484.2) per ton. Tax is calculated above 2,250 ringgit starting from 4.5 percent

to a maximum of 8.5 percent.

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

and PKO) from Indonesia rose 15.8 percent in Mar y-oy to 2.78 MMT from 2.40 MMT in Mar

2018. Exports of palm oil (CPO and PKO) rose marginally m-o-m in Mar at 2.78 MMT compared

to Feb 2019 at 2.77 MMT. Stocks of palm oil in Mar 2019 fell to 2.43 MMT from 2.5 MMT in Feb,

down 2.8 percent m-o-m.

Prices:

Palm Oil Prices (In Rs./ 10 Kg)

State/District Market 13 June 2019 12 June 2019 Change Source

Crude Palm Oil (FFA 5%)

Gujarat Kandla 497 499 -2 Agriwatch

Andhra Pradesh Krishnapatnam 485 485 Unch Agriwatch

RBD Palmolein

Gujarat Kandla 565 565 Unch Agriwatch

Andhra Pradesh Kakinada 570 570 Unch Agriwatch



Palm Oil at MCX

Contract Open High Low Close Change Volume(Lots

) O.Int

30-Jun-19 496.90 501.20 494.10 499.20 4.30 1306 3963

31-Jul-19 500.60 504.30 496.90 502.00 3.80 829 2124

31-Aug-19 501.30 506.50 499.90 505.00 4.50 244 145

As on 13-June-2019 at 9 pm Rs/Quintal


27/09/2017

Sunflower oil


Sunflower oil premium over soy oil in CNF markets have decreased to $43 per ton from $53 per

ton last week and premium in domestic markets have reached to 12 per 10 kg, up Rs 25 per 10

kg from last week. Also, premium of sunflower oil over RBD palmolein has increased to Rs 185

per 10 kg Rs 202 per 10 kg last week. Prices of sunflower oil are estimated to trade higher on

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


(7 June 2019)-Sunflower oil premium over soy oil in CNF markets have increased to $53 per ton

from $42 per ton last week and premium in domestic markets have reached to 25 per 10 kg, up

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

increased to Rs 202 per 10 kg Rs 185 per 10 kg last week. Prices of sunflower oil are estimated to

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

prices.

(18 May 2019)- Sunflower oil imports scenario- According to Solvent Extractors Association

(SEA), Sunflower oil imports fell 19.96 percent y-o-y in Apr to 2.42 lakh tons from 2.95 lakh tons

in Apr 2018. Imports in oil year 2018-19 (November 2018-April 2019) were reported higher by

1.74 percent y-o-y at 13.42 lakh tons compared to 13.19 lakh tons in corresponding period last

oil year.

(2 May 2019)-Sunflower oil premium over soy oil in CNF markets have increased to $59 per ton

from $28 per ton last week and premium in domestic markets have reached to 5 per 10 kg, up

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

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

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

prices.

Prices:

Sunflower Oil Prices (In Rs./ 10 Kg)


Tamil Nadu Chennai 770 775 -5 Agriwatch


Andhra Pradesh Kakinada 770 770 Unch Agriwatch



27/09/2017

Groundnut oil

Today’s Developments

No significant updates today.


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

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

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

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

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

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

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

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

manufacturers, chatni and other value added products

(15 May 2019) In Andhra Pradesh groundnut oil prices are remain on higher side due to firm

demand as demand season has arrived when high pickle and other value-added products

demand increases. Prices are almost high in all the key states of India followed by good miller’s

and retailers demand. Less availability of groundnut seeds is supporting prices to rise.

(19 Apr 2019)-Groundnut oil prices are supported by firm demand. Retail demand improved due

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

season is over. 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.

Prices:

Groundnut Oil Prices (In Rs./ 10Kg)


Gujarat Rajkot 1000 980 20 Agriwatch

Telangana Hyderabad 1050 1030 20 Agriwatch

Tamil Nadu Chennai 1020 1000 20 Agriwatch



27/09/2017

Rice


More than 11 thousand farmers ready to leave paddy cultivation in Haryana: Farmers in Haryana

are posing a positive attitude towards the state government's efforts to discourage paddy

cultivation under the Crop Diversification Scheme and to promote maize and arhar paddy

cultivation in the state. Within Haryana, 11,535 farmers in 8 blocks of the districts have

expressed their resolve to leave paddy cultivation in 7443 hectares and start farming of

alternative crops. As per the official data, till June 10, 2850 farmers in Pundari block of Kaithal

district had 975 hectares, 2605 farmers in Asandh block of Karnal district, 1892 hectares, and

1768 farmers in Ambala and Saha blocks of Ambala district had paddy in 1468 hectares. The

place has pledged to cultivate other crops. In addition, 1682 farmers of Jind district of Naroda

block, in 1294 hectares, 1332 farmers in Umri block of Kurukshetra district in 1090 hectares, 678

farmers in Gannaur block of Sonipat district 373 hectares and 620 farmers in Radaur block of

Yamunanagar district 351 has decided to adopt crop diversification scheme in the area. The

seeds of maize and arhar will be provided free of cost to the farmers, assistance will be provided

at a rate of Rs. 2000 per acre, under the Prime Minister's Crop Insurance Scheme, the

Government will bear the burden of the premium and procurement of maize and arhar will be

done by the provincial agencies at the minimum support price. .

Chhattisgarh government announces the sale of rice at a concessional rate of 10 rupees per kg

to 7 lakh families over poverty line

Recent Developments that are still influencing the Markets:

(07th Jun 2019) The All-India progressive procurement of Rice as on 07th Jun 2019 for 2018-19

seasons stood at 423.53 lakh tonnes as compared to procurement of 300 lakh tonnes in the

corresponding period of last year. According to FCI data, in the current Kharif marketing season,

Punjab has procured 113.34 lakh tonnes rice, around 39.09 lakh tonnes in Haryana, 40.80 lakh

tonnes in Chhattisgarh, 45.73 lakh tonnes in Telangana, 32.33 lakh tonnes in Uttar Pradesh

34.65 lakh tonnes in Orissa, 32.25 lakh tonnes in Andhra Pradesh, 13.95 lakh tonnes in Madhya

Pradesh, 16.57 lakh tonnes in West Bengal, 4.62 lakh tonnes in Uttrakhand, 11.58 lakh tonnes in

Tamil Nadu, 4.25 lakh tonnes in Maharashtra and 9.28 lakh tonnes in Bihar.

(06th Jun 2019)As per third estimates peg total food-grains output at 283.3 million tons despite

below-par monsoon rain. According to the third advance production estimate released by the

Ministry of Agriculture, in 2018-19, the country has produced a record of 115.63 million tons of

rice, last year 112.76 million tons was produced.

(03rd Jun 2019) IGC has estimated the global consumption of rice in the 2019-20 season to reach

49.90 million tonnes, which is 50 lakh tonnes less than 50 lakh tonnes less but the potential use

of 2018-19 is 7 million tonnes more than 49.20 million tonnes. Earlier, during the 2017-18

season, 48.70 million tonnes of rice and 2016-17 season had global consumption of 485 million

tonnes of rice. While the Global outstanding stock of rice is expected to rise from 15.88 million

tonnes in 2018-19 season to 163 million tonnes in the 2019-20 season.

(28 May 2019) Non-basmati Rice Export to Bangladesh down This year-With the increase in

import duty on rice by Bangladesh, the export of non-basmati rice decreased 76% last year. Last


27/09/2017

week, Bangladesh increased the import duty on rice to 55%. Bangladesh imported 4.43 lakh

tonnes of non-basmati rice in 2018-19, while in the year 2017-18, 18.45 lakh tonnes of non-

basmati rice was imported.

(28 May 2019) Big Relief to the Rice millers of Haryana -Haryana Government sought FCI

approval from raising the milling charge of paddy from Rs 10 to Rs 15, for a long time Rice

Millers of Haryana were demanding increasing milling charges. The Haryana Government is

trying to improve the situation of rice mills in the state. The State Government has approved the

approval of the FCI to increase the charge of milling in the central pool to Rs 15 per kg, which is

currently 10 rupees per kg. If FCI approves this proposal, then about 1000 rice mills will benefit.

(27 May 2019) Production of Basmati paddy in Punjab is Likely to Increase This Year-During the

current marketing season, the market price of basmati paddy was quite high so that the farmers

got huge earnings. During the financial year 2018-19, the export of basmati rice in the country

has also increased rapidly to the top level of 44 lakh tons. With this, the farmers of Punjab are

very excited and they can make every effort to increase the production area of basmati paddy

this year. Last year Punjab's production area was 5.47 lakh hectares which is expected to reach 7

lakh hectares during the current year.

(25May 2019) In April, export of 4.33 lakh tonnes of basmati rice and 3.07 lakh tonnes of non-

basmati rice from India.

(20 May 2019) Bangladesh Government has fixed import duty on rice by doubling the present

level of 28 percent to 55 percent now, considering the country's excellent domestic production

of paddy. In this connection a government circular was issued on May 22. As a result, the

prospect of importing rice from India, especially outside of Bangladesh, has diminished. In the

statutory regulatory order issued by the National Revenue Board, it has been said that the new

import duty has come into force with immediate effect. The Chairman of the Board said that the

import duty was reviewed according to the directions of the Prime Minister and it was decided

to increase rate of interest to ensure the safety of the interests of indigenous farmers.

Prices & Arrivals

Rice

State/ District Market Variety

Modal Price (Rs

/Qtl)

Change Arrivals

(Qtl)

Change Source

13-Jun-19 12-Jun-19 13-Jun-19 12-Jun-19

CHHATTISGARH BALOD

PADDY-SWARNA MASOORI 1629 1555 74 27 21 6 E-nam

CHHATTISGARH

BHATAPARA

PADDY-HMT 2020 2010 10 32 11 21 E-nam

CHHATTISGARH BALOD

PADDY 1001 1700 1726 -26 23 10 13 E-nam

TELANGANA

BADEPALLY

Paddy RNR 1825 1920 -95 19 5 14 E-nam

TELANGANA

MAHBUBNAGAR RNR 2100 2020 80 22 23 -1 E-nam


27/09/2017

Disclaimer

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company

does not warrant its accuracy, completeness and correctness. Use of data and information contained in this report is at your own

risk. This document is not, and should not be construed as, an offer to sell or solicitation to buy any commodities. This document

may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior

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