Aug 27, 2019

CHANA/WHEAT/RICE&PADDY/SOYBEAN

Commodity Market

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All India Weather Status

Last week all India Rainfall status: 15th August 2019 to 21st August 2019

Arunachal Pradesh, Assam, Meghalaya, Nagaland, Mizoram, Tripura, Sikkim, Bihar, Odisha, Chhattisgarh,

Telangana and Kerala States received deficit rainfall

Manipur state received the large deficit rainfall

Punjab, Himachal Pradesh, Rajasthan, Goa, Andhra Pradesh and Tamil Nadu state received the large

excess rainfall

Uttar Pradesh, Haryana, Jammu & Kashmir, Gujarat and Karnataka state received the normal rainfall

During the week, rainfall was above Long Period Average (LPA) by 10% over the country as a whole.

Seasonal all India Rainfall status: 1st June 2019 to 26th August 2019.

Nagaland, West Bengal, Jharkhand, Uttarakhand and Haryana states received the deficit rainfall.

Rajasthan, Goa and Maharashtra states received the excess rainfall

Manipur state received the large deficit rainfall

Arunachal Pradesh, Assam, Meghalaya, Mizoram, Tripura, Sikkim, Bihar, Uttar Pradesh, Punjab, Himachal

Pradesh, Jammu & Kashmir, Odisha, Madhya Pradesh, Gujarat, Chhattisgarh, Andhra Pradesh, Telangana,

Tamil Nadu, Karnataka and Kerala states received Normal rainfall.

For the country as a whole, cumulative rainfall during 1st June 2019 to 26th August 2019 was above LPA by 1% over the

country as a whole.

Weather Forecast:

Excess Rainfall likely over Konkan & Goa, east Madhya Pradesh, Bihar and north-eastern states. Normal rainfall likely over Uttar Pradesh, Jharkhand,

Chhattisgarh, Gangetic West Bengal, west Madhya Pradesh, Vidarbha, Coastal Andhra Pradesh, Madhya Maharashtra, Coastal Karnataka and Kerala. Rest

of the region of the country is likely to experience below normal rainfall during the week 29th August to 04th September 2019.

Heavy to very heavy rainfall with extremely heavy falls very likely at isolated places over Gujarat region; Heavy to very heavy rainfall at isolated places

over East Rajasthan; Heavy Rainfall at isolated places over Uttarakhand, West Rajasthan, West Madhya Pradesh, Andaman & Nicobar Islands, Saurashtra

& Kutch, Konkan & Goa, Coastal & South Interior Karnataka and Kerala during next 2-3 days.

All India Reservoir Status: as on 22nd August 2019

Central Water Commission is monitoring live storage status of 107

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

every Thursday. Out of these reservoirs, 39 reservoirs have hydropower

benefit with installed capacity of more than 60 MW. The total live storage

capacity of these 107 reservoirs is 166.17 BCM which is about 64.45% of

the live storage capacity of 257.812 BCM which is estimated to have been

created in the country. As per reservoir storage bulletin dated 22.08.2019,

live storage available in these reservoirs is 121.865 BCM, which is 73% of

total live storage capacity of these reservoirs. However, last year the live

storage available in these reservoirs for the corresponding period was

101.045 BCM and the average of last 10 years live storage was 96.053

BCM. Thus, the live storage available in 107 reservoirs as per 22.08.2019

Bulletin is 121% of the live storage of corresponding period of last year

and 127% of storage of average of last ten years.

Source: IMD, DAC&FW and CWC

Current Crop Scenario

CORN Sowing of crop has been completed in Madhya Pradesh, Rajasthan, Uttar Pradesh, Odisha, Maharashtra and Chhattisgarh, and in these areas crop is 25 to 45 days old and is in vegetative to silking/tasseling stage. Sowing is under progress in Andhra Pradesh, Telangana, Karnataka and Tamil Nadu and crop is in sowing to silking stage. Rainfall received during 4th week of Aug’19 is beneficial to the crop. However, crop has been affected/damaged in low laying areas due to heavy rains during 4th week of July to 2nd week of August-19. Pest and disease have been reported on crop but same is under control. Overall crop condition is normal.

Bajra Sowing of Bajra crop has been completed. Crop is 20 to 40 days old and is in vegetative stage. However, early sown crop is in full vegetative to panicle initiation stage. Rainfall received in 4th week of August in major growing states was beneficial to crop. Major Bajra crop growing States are Rajasthan, Uttar Pradesh, Maharashtra, Gujarat and Haryana. Incidence of disease and pest has not been observed in the field till date. Overall crop condition is normal. Acreage of Bajra in the current week is higher than corresponding week of 2018 due to onset of monsoon and higher market price realization in last year.

COTTON Sowing of Cotton crop has completed. Crop is 95 to 125 days old and is in flowering to

boll development stage in Punjab, Haryana, and Western Rajasthan. In remaining areas

crop is 45 to 85 days old and is in vegetative to flowering/boll formation stage. Rainfall

received during 4th week of August`19 was beneficial to the crop. Incidence of sucking

pest was observed in the field but same is under economic threshold level. Overall crop

health is satisfactory.

Acreage of Cotton in the current week is higher than corresponding week of 2018 as a

result of higher realization by farmers during the last three years.

PADDY

Transplanting of Paddy has been completed in Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, Odisha and Chhattisgarh. In these states crop is 30 t0 60 days old and is in tillering to booting/panicle initiation stage. Transplantation is under progress in Jharkhand, Andhra Pradesh, Telangana, West Bengal and Karnataka. Crop is in root establishing to booting stage in these states. However, early sown crop is in panicle initiation stage. Where the crop was sown through DSR (Direct Seed Rice) method, crop is in booting/flowering stage. Rainfall received during 4th week of August`19 was beneficial to crop. Incidence of disease and pest has been observed in the field but same is under control using pesticides. Overall crop condition is normal Acreage of Paddy in the current week was lower than the corresponding week of 2018 as

the weather was not congenial for transplantation in certain districts of Nagaland, West

Bengal and Jharkhand since June.

SOYBEAN Soybean sowing is completed. Crop is 25 to 45 days old and is in vegetative to flowering stage. However, the early sown crop is in pod formation stage. Rainfall received during month of July-19 has helped the sowing process in major Soybean growing areas. However, due to heavy rainfall in Rajasthan, Maharashtra and Madhya Pradesh during last week of July`19 to 2nd week August, crop in low lying areas has been adversely affected. Incidence of disease and pest has been observed in the field but same is under control. Crop has been damaged in water inundated areas due to excess water in canal or river. Overall crop condition is normal. Acreage of Soybean in the current week is higher than corresponding week of 2018

because of good rainfall received in monsoon season.

According to the fourth advance estimate, India Chana

production of 2018-19 is estimated at 10.13 MMT which is 1 per

cent higher than the third advance estimate of 10.09 MMT.

Final production estimate of 2017-18 is 11.38 MMT. This year

production estimate is lower than last year due to lower

acreage.

Chana availability in the market is higher as stockiest are

selling their crop. There are expectations that the coming Rabi

crop sowing would be higher given the current weather

condition.

Moreover, according to the market participants, at present

Chana demand is lower than normal due lower demand of

millers and lower prices of other pulses which is putting

downward pressure on the prices.

Higher stocks of Chana with NAFED and expectation of

liquidation in the coming months is putting downward

pressure on the domestic prices. However, government

decision to sell Chana at or above MSP is holding the prices.

According to the AGMARK data, all India Chana arrivals from

1st to 26th of August is 1.19 lakh MT which is around 6.30 per

cent lower than last year arrivals of 1.27 Lakh MT in the same

time period. Lower arrivals are due to prevailing lower prices

of Chana in the domestic market. Farmers are still holding the

crop in expectation of getting higher prices in the coming

months.

According to the latest report of ABARES, Australia chickpea

acreage forecast for 2019-20 is 3.70 lakh hectares which in

22.11 per cent higher than 2018-19 acreage estimate of 3.03

lakh hectares. Australia chickpea production forecast for 2019-

20 is 3.66 lakh tonnes which in 29.78 per cent higher than

2018-19 production estimate of 2.82 lakh tonnes. Average

chickpea production in Australia has decreased due to weaker

import demand from India.

According to the latest report of Agriculture Department of

Canada, chickpeas production in Canada may decrease in

2019-20 to 2.30 lakh MT which is 26.04 lower than 2018-19

production estimate of 3.11 lakh MT. For 2019-20, chickpea

acreage is expected to decrease sharply from 2018-19 as a

result of the significantly lower farm gate prices witnessed in

the previous year.

Fundamental Analysis- CHANA

Mandi Price in Rs/ Quintal

Location 26-08-2019 19-08-2019 %Change

Delhi 4306.00 4409.00 -2.34

Bikaner 4080.00 4215.00 -3.20

Akola 4350.00 4446.90 -2.18

FUNDAMENTAL SUMMARY

Price Drivers Impact

Lower production estimate of Chana in 2018-19

Bullish

Higher availability of Chana in the market

Bearish

Lower demand of Chana from millers

Bearish

Lower arrivals of Chana in the domestic market

Bullish

Higher production estimate of Australian Chana

Bullish

Based on Primary & Secondary Sources

3000

3500

4000

4500

5000

5500

6000

Dec

-17

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

Dec

-18

Dec

-18

Jan

-19

Feb

-19

Mar

-19

Ap

r-1

9

May

-19

Jun

-19

Jul-

19

Au

g-1

9

Gram - Rajasthani desi

Fundamental Analysis- WHEAT

According to the latest report of fourth advance production

estimate, wheat production of 2018-19 is estimated at 102.19

MMT which is around 1 per cent higher than the third advance

estimate of 101.20 MMT. Final production estimate of 2017-18 is

99.87 MMT. Higher production estimate is due to higher

sowing acreage of wheat and better yield.

According to the latest report of FCI, the current stock of

wheat as on 1st August 2019 is 435.88 Lakh MT which is 7.47 per

cent higher than the stock of 405.58 Lakh MT in the same time

period last year. Higher stocks are due to good procurement

activities this year and higher carry in stock from last year.

As FCI had procured good amount of wheat this year, millers

are dependent on stocks available with FCI which they will sell

through Open Market Sale Scheme. OMSS for Apr-June quarter

is Rs 2080/qtl and it will increase by Rs 55 for every quarter

thereafter.

According to the AGMARK data, all India wheat arrivals in

fourth week of August 2019 is reported at 2.18 lakh MT which is

53.52 per cent higher than the last year arrivals of 1.42 lakh MT

in the same time period. Wheat arrivals in the domestic mandis

are higher this year as compare to last year due to higher

production estimate and domestic prices. Farmers are selling

their crop in the domestic Mandis as they are getting higher

prices than MSP of wheat.

Domestic wheat demand is higher this year due to higher

import duty of forty percent making imports negligible.

Moreover, shift of demand from poultry feed makers from

maize to wheat also supported wheat demand. Maize

availability was lower due to lower production estimate.

According to APEDA, wheat exports from April to May 2019 are

reported at 17.625 thousand MT. In 2018-19 financial year wheat

export from India was 2.26 Lakh MT. Exports of wheat are

lower due to disparity with other exporting countries.

According to the July report, the International Grains Council

has forecasted global wheat production to be 763 million MT

for 2019-20. During 2018-19 global wheat production was

around 733 million MT.

Mandi Price in Rs/ Quintal

Location 26-08-2019 19-08-2019 % Change

Delhi 2145.85 2157.50 -0.54

Indore 2110.00 2108.75 0.06

Kota 2056.00 2055.65 0.02

FUNDAMENTAL SUMMARY

Price Drivers Impact

Higher domestic production estimate in 2018-19

Bearish

Higher stocks of wheat with FCI Bearish

Higher arrivals of wheat in the domestic Mandis

Bearish

Higher demand of wheat from millers and poultry feed makers

Bullish

Lower exports of wheat from India Bearish

Based on Primary & Secondary Sources

1500 1600 1700 1800 1900 2000 2100 2200 2300

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

Dec

-18

Jan

-19

Jan

-19

Feb

-19

Mar

-19

Ap

r-1

9

May

-19

Jun

-19

Jul-

19

Au

g-1

9

Wheat: Standard mill quality

Fundamental Analysis-RICE/PADDY

Mandi Price in Rs/ Quintal

Location 26-08-2019 19-08-2019

%Change

Nadia (Fine) 3750 3750 0.00

Samsi (Fine) 3300 3400 -2.94

Bethuadahari (Fine)

3800 3800 0.00

The current Kharif Rice acreage is lagging behind by 6 per cent at

334.92 lakh hectares as against 357.97 lakh hectares same period last year as key Rice growing belts in India have received delayed and deficient rainfall during the current monsoon.

Lower acreage is reported from Bihar (5.75 lakh hectares), Jharkhand (4.34 lakh hectares), West Bengal (4.03 lakh hectares), Karnataka (2.75 lakh hectares), Odisha (2.29 lakh hectares), Assam (1.81 lakh hectares), Tamil nadu (1.12 lakh hectares) Andhra Pradesh (0.87 lakh hectares), Punjab (0.81 lakh hectares), Maharashtra (0.71 lakh hectares). However, higher acreage is reported from Telangana (2.07 lakh hectares), Madhya Pradesh (1.63 lakh hectares), Uttar Pradesh (0.64 lakh hectares), Haryana (0.45 lakh hectares) and Rajasthan (0.28 lakh hectares).

As per the Fourth Advance Crop Estimates 2018-19, production of Kharif Rice during 2018-19 is estimated at 102.13 million tonnes. This is higher than the last year’s production of 97.14 million tonnes. Rabi season Rice production is estimated at 14.29 million tonnes as against 15.62 million tonnes last year. Total Rice production in 2018-19 is estimated at 116.42 million tonnes as against 112.76 million tonnes in 2017-18.

The Government has increased the MSP of Paddy (common grade) at Rs, 1815 per quintal for 2019-20 as against Rs 1750 per quintal in 2018-19. The grade A variety of Paddy increased to Rs 1835 per quintal from Rs 1770 per quintal in 2018-19.

Progressive Rice procurement as on 16th August 2019 increased by 21 per cent at 440.04 lakh tonnes as compared to 363.77 lakh tonnes same period last year.

India's rice exports in April-June have declined by 28.2 per cent from a year ago to 2.35 million tonnes as demand for non-basmati rice was subdued from African buyers. The country's non-basmati Rice exports plunged 43 per cent during the period to 1.2 million tonnes. India's rice exports in 2019-20 are likely to decline to their lowest level in seven years as weak demand from African countries weighs and shippers absorb the absence of government incentives that supported previous sales.

Thailand’s rice exports (excluding fragrant rice) for 29th July – 04th August 2019, was 63,592 metric tonnes down 46,158 metric tonnes from the previous week. Rice exports from 01st January – 04th August 2019, was 3,834,111 metric tonnes, down 30 per cent from the same period last year.

In the International market, India’s 5 per cent broken parboiled rice was quoted around $371 - $374 per tonnes down from last week’s $373 - $376 per tonnes. Aggressive selling of old inventories by China was reported to weigh on the global prices.

FUNDAMENTAL SUMMARY

Price Drivers Impact

Lower Rice acreage during current Kharif season in most States

Bullish

Higher Minimum Support Price of Paddy in 2019-20 season

Bullish

Kharif Rice production estimated higher at 102.13 million tonnes

Bearish

Higher Rice stocks with Government Bearish

Decline in overall Rice exports from India during 2019

Bearish

Subdued demand from African countries

Bearish

Based on Primary & Secondary Sources

3,400 3,500 3,600 3,700 3,800 3,900 4,000 4,100 4,200

Rice (Fine) Price : Ghazipur (Rs./Qtl)

Fundamental Analysis- SOYBEAN

FUNDAMENTAL SUMMARY

Price Drivers Impact

Firm demand against restricted supplies in spot markets

Bullish

Farmers and traders holding on soybean stocks

Bullish

Current Soybean acreage higher at 112.51 lakh hectares

Bearish

Soybean production estimated at 137.86 lakh tonnes

Bearish

Higher Minimum Support Price of Soybean fixed for 2019-20 season

Bullish

Soybean meal exports during April-July 2019 declined by 41 per cent

Bearish

Based on Primary & Secondary Sources

Mandi Price in Rs/ Quintal

LOCATION 26-08-2019 19-08-2019 %Change

Indore 3791 3730 1.64

Akola 3663 3713 -1.35

Nagpur 3812 3786 0.69

Soybean prices in spot markets of Madhya Pradesh, Rajasthan and

Maharashtra are trading firm due to weak supplies against improved

demand from the local crushers and traders. Farmers and traders are

holding the stocks in expectation of further rise in Soybean prices.

As per the Ministry of Agriculture, current Kharif oilseed acreage as

on 23rd August 2019 stood 167.89 lakh hectares as against 167.55 lakh

hectares last year same period. Soybean acreage is reported at 112.51

lakh hectares as compared to 111.49 lakh hectares last year same

period. Higher Soybean acreage is reported from Madhya Pradesh

with 54.77 lakh hectares, Maharashtra 39.31 lakh hectares, Rajasthan

10.60 lakh hectares, Karnataka 3.16 lakh hectares and Telangana the

acreage was at 1.72 lakh hectares.

As per the Fourth advance crop estimates 2018-19 of Ministry of

Agriculture, Soybean production is estimated at 137.86 lakh tonnes as

against 109.33 lakh tonnes in 2017-18.

As per recent WASDE report, Soybean meal production of India is

estimated at 7.6 million tonnes for 2019-20 compared to 6.16 million

tonnes in 2017-18. India may export 1.85 million tonnes Soy meal in

2019-20 same as in previous year. Domestic consumption may stand

at 5.75 million tonnes higher from 5.60 million tonnes in 2018-19.

The Ministry of Agriculture has fixed higher Minimum Support Price

of Soybean (Yellow) at Rs 3710 per quintal for 2019-20 an increase of

Rs 311 from Rs 3399 per quintal in 2018-19.

As per Solvent Extractors’ Association of India latest report, the

export of Soybean meal during April-July 2019 have declined by 41 per

cent at 182,631 tonnes compared to 312,126 tonnes in April-July 2018.

Vietnam imported 1,892 tonnes of Soybean meal while, South Korea

imported 13,282 tonnes.

As per USDA forecast, Soybean production of Brazil in 2019-20 is

projected higher at 124 million tonnes as against the previous year 116

million tonnes. Exports of Soybean in 2019-20 are expected to 75

million tonnes up from 69 million tonnes in 2018-19. Soybean

production for China is estimated at 16.8 million tonnes up by 5.7 per

cent from 2018-19, due to the increased government subsidies,

acreage expansion and slightly higher expected yield.

2,750

2,950

3,150

3,350

3,550

3,750

3,950

4,150

Soybean Indore (Rs./Quintal)

Sugarcane, cotton, apple crops hit by late

rainfall pan-India

Rice-wheat at new high, Food grains output

falls short of target

Cotton futures on firm note may come

under pressure as fresh supply begins

Government to prepare roadmap for

distribution of fortified rice

Palm oil hits fresh 6-month high on lower

output forecast

Govt recommends 5% import tax hike on

refined palm oil from Malaysia

To purchase the India Commodity Year

Book 2019, contact us at

research@ncml.com

The Week That Was!

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

26-Aug-19 12-Aug-19 29-Jul-19 27-Aug-18

Wheat 2110 2112.5 2100 1974

Chana 4080 4237 4248 4000

Rice/Paddy 3600 3450 3675 3650

Tur 5900 6050 5900 3700

Maize 2194.6 2150 2150 1288

Turmeric 6672 6803 6669.8 7030

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

PRICE TRACKER

Crop Division Preliminary report on area coverage under Kharif crops as on 23-08-2019

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 396.25 355.42 334.92 357.97 -20.5 -23.04

2 Pulses 119.89 118.32 124.56 128.53 6.24 -3.97

a Arhar 43 41.35 43.43 43.26 2.08 0.17

b Urad bean 30.77 32.59 35.1 37.43 2.51 -2.33

c Moong bean

27.5 28.2 29.86 32.65 1.67 -2.79

d Kulthi 2.19 0.42 0.23 0.41 -0.19 -0.18

e Other pulses

16.44 15.77 15.95 14.79 0.18 1.16

3 Coarse cereals

188.39 168.69 165.03 164.09 -3.66 0.94

a Jowar 21.61 17.93 14.97 17.41 -2.97 -2.44

b Bajra 74.39 65.72 65.02 62.02 -0.7 3

c Ragi 11.53 7.75 6.01 6.72 -1.73 -0.7

d Small

millets 6.18 4.41 3.95 4.23 -0.46 -0.28

e Maize 74.68 72.89 75.09 73.73 2.2 1.36

4 Oil seed 181.96 171.02 167.89 167.55 -3.14 0.33

a Groundnut 42.44 38.02 36.03 37.55 -1.99 -1.53

b Soybean 111.49 110.47 112.51 111.5 2.05 1.02

c Sunflower 1.84 1.25 0.87 1.01 -0.38 -0.13

d Sesamum 14.13 14.34 12.35 13.31 -1.99 -0.95

e Niger 2.41 0.95 0.91 0.61 -0.03 0.31

f Castor 9.66 6 5.21 3.58 -0.79 1.62

5 Sugarcane 48.32 47.74 52.37 55.47 4.63 -3.1

6 Jute & Mesta

7.87 7.39 6.84 7.2 -0.55 -0.36

7 Cotton 120.93 114.85 123.54 116.85 8.7 6.7

TOTAL 1063.61 983.4 975.16 997.67 -8.27 -22.51

1 As per the report in which State the cotton sowing is lagging behind by 2.8 per cent?

G u j a ra t

2 Sugarcane production during 2018-19 is estimated at ………………….million tonnes.

4 00.1 6

3 Which country imports castor oil from India? C h i n a

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 16 Mr. Suban Khalique Ajam Projects Delhi

2 Mr. Basant Vaid SCM Gurugram 17 Ms. Nisha Kumari Projects Delhi

3 Ms. Ritu Sangawat SCM Gurugram 18 Mr. Biplob Bera T&C Kolkata

4 Mr.Rakesh Kumar Raut S&P Gurgaon 19 Mr. Patel jinalben sureshbhai T&C Unjha lab

5 Mr. V Krishna CWIG Hyderabad 20 Mr. yogesh sharma IT Mumbai

6 Mr. Praveen Kumar Mundra S&P Ellenabad 21 Ms. LAKSHMIPRIYA T&C CHENNAI

7 Mr. Rakesh Kumar Kain NFin Gurugram 22 Ms. Prema A T&C Chennai

8 Mr. Javeed M S&P Davanagere 23 Mr. NITIN LAXMAN TAMBE CM Maharashtra

9 Mr. K B NAGARAJA S&P DAVANGERE 24 Ms. Vanisha Vij HR&Admin Gurgaon

10 Mr.S Srinivasu S&P Guntur 25 Mr. Nitin Kumar Soni CM Gurgaon

11 Mr. Shanmukha k r CM DAVANAGERE 26 Mr. Manish Kumar Rohilla CM Gurugram

12 Ms.Sarita Mittal SCM Gurgaon 27 Mr. Arun Kumar CM Gurugram

13 Mr.Babloo Kumar CM Gurgaon 28 Mr. JITENDRA KUMAR RAIDAS Others BILASPUR(C.G)

14 Mr.Vinod Maurya CM Gurgaon 29 Mr. Lalji singh yadav CM Samana

15 Mr. Ajendra Singh Chauhan Mktyard Gurgaon 30 Mr. Vikas Kumar CM Karnal

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

Mukesh Upamanyu 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

Bhaskar M Quality Officer bhaskar.m@ncml.com

Shefali Jain Operation Executive shefali.j@ncml.com

Rajiv Kumar Associate rajiv.ku@ncml.com

Mr. Vikas Kumar

Karnal

CONGRATULATIONS!

Name of the lucky winner

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© NCML AGRI BUSINESS CONSULTANTS PRIVATE LIMITED (AGCON) 2019