Date: 16-08-2017

NCML Commodity Market Monitor

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16th August 2017

NCoMM

NCML COMMODITY MARKET MONITOR

ANSWERS & LUCKY WINNER OF PREVIOUS WEEK’S QUIZ

Wheat | Paddy | Chana | Tur | Guarseed | Cardamom

OUTLOOK

OTHER DATA Sowing progress | Monsoon Situation | Advance estimates | Kharif MSP

WEEKLY QUIZ QUESTIONS 1. Name all commodities in the report which are mildly bearish fundamentally. Also write

the price levels where that commodity can face supports. 2. Write India’s 2016-17 offcial domestic production of the commodity whose production

data in the major import destination is provided by ABARES. Also write the percentage change in its domestic production from 2015-16.

Participate in our weekly quiz based on this report. Email precise answers at research@ncml.com. Winners will be announced in next report and rewarded.

Date: 16-08-2017

NCML Commodity Market Monitor

Price Trend & Technicals

1500

1700

1900

2100

2300

2500

Jan

-16

Feb

-16

Ap

r-16

May

-16

Jul-1

6

Se

p-1

6

Oct

-16

De

c-16

Jan

-17

Mar

-17

Ap

r-17

Jun

-17

Jul-1

7

Wheat: Standard mill quality : DelhiDespite high domestic demand the prices are not getting sufficient

strength to move up as a result of sufficient availability of the

grains in the domestic market as a result of higher production and

regular imports. The chances of any sharp spike in the prices in the

near term are minimal. Nearby resistance band is seen at Rs 1800.

We hold our last week’s view that the wheat prices will expectedly

trade around the current levels only in the coming weeks and as

the imports starts to come in it might moderate towards the

support of Rs 1735. Major support is seen around Rs 1720.

IMPORTANT LEVELS

S2 S1 CMP R1 R2

1735 1763 1780 1800 1825

Outlook: Prices will trade with sideways undertone around the current levels only.

• Seven ships carrying 0.3 mn tonnes of milling wheat with 11.5 percent

protein are expected to load this month in Ukraine for India. The wheat

will be delivered to India in September-October.

• Trade sources are of the view that an import of 3 mn tonnes of wheat

would be needed this year on top a bumper harvest of an estimated

97.44 mn tonnes of wheat in 2017 against 92.3 mn tonnes in 2015-16.

• Low production in 2015-16 had drained India of badly of its wheat stocks

and the government resorted to heavy procurement this season to build

back its stocks which had limited availability in open market.

Mandi Price in Rs/Quintal

11-08-2017 04-08-2017 %change

Delhi 1778.55 1766.5 0.68

Kota 1698.2 1680.4 1.06

Kanpur 1688.75 1675 0.82

• In Rabi Marketing Season 2017-18, a total of 30.824 mn tonnes of wheat was procured against 22.962 mn tonnes in RMS 2016-17. The wheat

stock available in central pool is 32.275 mn tonnes as on 1 July 2017 against 30.181 mn tonnes in July 2016 and the buffer norms including

strategic reserves of 27.580 mn tonnes 1st July. A recent CAG report on how FCI functioned in 2015-16 has stated that substantial quantity of

food grain was lying in open areas with the state government and 0.47 mn tonnes of wheat worth Rs 700.30 crore deteriorated and was

declared as non-issuable to Targeted Public Distribution System (TPDS).

• Currently, even as the domestic demand and offtake by mills is high, offloading of positions by traders, driven by sufficient stocks position on

increased supplies from producing belts in the physical market is keeping the prices under check as of now.

• India’s wheat exports in 2016-17 fell to 0.4 mn tonnes from 3.4 mn tonnes in 2014-15. This year the exports are expected at 0.5 mn tonnes.

Wheat imports in 2016-17 on other hand touched 6 mn tonnes against 0.4 mn tonnes in 2015-16. Imports this year are expected at 3 mn tonnes.

• The latest IGC report has estimated 2017-18 world’s wheat production at 731.9 mn tonnes against 754.2 mn tonnes last year. The decline was

driven by the United States & Australia. Hot and dry weather is expected to driven down yields of U.S. hard red spring wheat significantly.

• Australia’s 2017-18 wheat production is pegged at 22.8 mn tonnes against 35.1 mn tonnes in previous year, as a result of which the prices would

not be competitive enough for India to high quality import from here. The black sea harvest this month however are expected to soften prices

for coming months as India imports from here.

Fundamental Summary

Price Drivers Impact Weightage Score (1-5)*

Bumper wheat harvest in 2017 Bearish 20% 2

Black Sea region harvest in August and imports from Ukraine

Bearish 20% 2

High domestic demand, particularly by flour mills Bullish 30% 4

Traders offloading stocks Bearish 10% 2

Adequate food stocks in central pool consolidation 20% 3

Overall fundamental score 2.8

* 1. Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish

Fundamentals- Domestic & International WHEAT

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Date: 16-08-2017

NCML Commodity Market Monitor

Fundamentals- Domestic & International PADDY

Fundamental Summary

Price Drivers Impact Weightage Score (1-5)*

Exports expected to further slowdown amidst appreciating rupee and firm local prices

Bearish 15% 2

Lack of fresh supplies as the winter crop has been consumed and summer crop will come in October

Bullish 30% 4

High domestic demand Bullish 15% 4

Well progessed sowing and expectation of good 2017-18 output Bearish 20% 2

Lower rainfall in southern states which may affect southern harvest Bullish 5% 4

Record high production of 2016-17 and good stocks Bearish 15% 2

Overall fundamental score 3

*Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish

• India's non-basmati rice exports are likely to slow over the next few months

as its shipments of the grain have become too expensive on the world

market due to a rally in the rupee and an increase in local paddy prices.

• In India, local paddy & rice prices are currently firm as most of the supplies

from the winter crop have already been consumed. Until new summer crops

enter into the market from October, paddy supply will remain tight

• Meanwhile the rupee has risen more than 6.5% so far in 2017, reaching its

highest in more than two years as a result of which Indian exporters are

offering 5% broken parboiled rice around $410 a tonne, free-on-board (FOB)

from Kakinada port. In comparison, Thai rice was offered at between $390

and $392 a tonne, and Vietnam rice was quoted at $400 to $405 a tonne.

Mandi Paddy 1121: Price in Rs/ Quintal

11-08-2017 04-08-2017 %change

Hanumangarh (1121 Pusa)

2800 2850 -1.75

Narela Delhi 2570 2511 2.35

Aligarh 2300 2300 0.00

• Barring the southern states, paddy transplantation got a boost with the country as a whole receiving good rains. Area sown was 320.29 lakh ha

as on 11 August 2017, 2% higher than 314.01 lakh ha sown last year till same date and 7.26% higher than normal till date. However lower rainfall in

southern states has raised concerns over the harvest and has particularly affected the area under paddy in Andhra Pradesh.

• As on 10 August 2017, rice procurement was 38.728 mn tonnes in the ongoing 2016-17 marketing season (Oct-Sep), significantly exceeding the

target of 33 mn tonnes set for this year. Further, the government has fixed the rice procurement target at 37.5 mn tonnes for the 2017-18

marketing season on hopes of good production. The stoks in July were 21.044 mn tonnes against buffer norm of 11.540 mn tonnes.

• India’s 2016-17 paddy production is estimated at a record high of 109.15 mn tonnes, up 4.5% from last year’s 104.41 mn tonnes. As per APEDA,

India exported around 4.005 mn tonnes of basmati rice worth $3.15 billion in the last fiscal of 2016-17, against 4.0458 mn tonnes in 2015-16. Till

April 2017, 0.389 mn tonnes basmati has been exported. The non-basmati exports suffered a major setback in 2015-16 falling by 23% and could

not recover significantly from those levels in 2016-17.

• According to the latest IGC report, World rice stocks are projected to tighten in 2017/18 on a contraction of stocks of major exporters. Tied to

area growth in Asia, notably in Thailand and India, 2017/18 output could edge up to 486 mn tonnes from 484 mn tonnes in 2016-17.

• Overall fundamental score of 3 shows consolidation in prices paddy prices.

Record production last year and higher sowing as compared to last

year is keeping the sentiments dampened. However reports of

unfavourable weather in the southern states can somewhat limit

the downside. Furthermore appreciation in Indian rupee and

sluggish export demand is also weighing on the prices. The prices

are expected to decline initially towards Rs 2725 which can act as a

near term floor. A crack of that level will lead to the further declines

towards Rs 2670. Chances of any immediate recovery from here on

are bleak however the chances of prices recovery will emerge on a

break of Rs 3000.

Price Trend & Technicals

1600.00

2000.00

2400.00

2800.00

3200.00

3600.00

Jan

-16

Feb

-16

Mar

-16

May

-16

Jun

-16

Au

g-1

6

Se

p-1

6

No

v-16

De

c-16

Feb

-17

Mar

-17

May

-17

Jun

-17

Au

g-1

7

Paddy - 1121 pusa : Hanumangarh

IMPORTANT LEVELS

S2 S1 CMP R1 R2

2800 2880 3050 3200 3280

Outlook: Prices may move in the range of Rs 2900 to Rs 3200.

IMPORTANT LEVELS

S2 S1 CMP R1 R2

2725 2775 2900 3000 3200

Outlook: Prices can slip in the coming weeks and can move closer to Rs2775.

BACK TO TOP

Date: 16-08-2017

NCML Commodity Market Monitor

Updates about unsupportive weather conditions in Australia has

send jitters in the chana market and supported the price over the

last couple of weeks. In the days ahead a lot will depend on what

is happening to expected Australian production. Indian Chana

prices are seen trading in a range since March. The upper band of

that range stands at Rs 5940 and with current supportive

fundamentals the prices are expected to move closer to that in the

coming weeks. The prices have recently tested the lower band at

Rs 4910 and have seemingly formed a floor around that level and

will not breach that level easily in the near future.

Fundamentals- Domestic & International

Price Trend & Technicals

4500

5500

6500

7500

8500

9500

10500

11500

12500

Au

g-1

6

Se

p-1

6

Oct

-16

De

c-16

Jan

-17

Feb

-17

Ap

r-17

May

-17

Jun

-17

Jul-1

7

Chana -Rajasthani desi : Delhi

CHANA

IMPORTANT LEVELS

S2 S1 CMP R1 R2

4910 5255 5456 5800 5940

Outlook: Prices will trade firm and move towards Rs 5800.

• Hot and dry weather in Australia might affect the yield of the standing

chickpea crop. Unfavourable weather conditions in Australia has pushed

the forward export quotes.

• According to the Australian Bureau of Agricultural & Resource

Economics & Sciences, Australia chickpea production estimate has been

reduced by 24 percent to 1.416 million tonnes from 1.854 million tonnes

last year. Lower production estimate is due to unfavourable weather

condition which might affect the yield. Lower Australian chana

production estimate may have a slightly bullish impact on the prices.

Mandi Price in Rs/ Quintal

11-08-2017 04-08-2017 %change

Delhi 5475 5300 3.30

Jaipur 5400 5200 3.85

Bikaner 5010 4940 1.42

• As of 08th August, Australian chana is being traded at Rs 5475 per quintal in Mumbai market and Rs 5450 per quintal at Mundra port.

Australian chickpea of October- November delivery is being offered at Rs 4900 per quintal at Mumbai port.

• Buffer stock of chana with government may not let prices to take sharp northward movement. Till 05th August, Nafed had procured around

59.71 thousand tonnes of chana from farmers of Rajasthan, Madhya Pradesh and Uttar Pradesh for buffer stock.

• Demand of chana from millers supported the prices in the domestic market. Domestic demand is expected to increase in the coming days

due to festive season which might support the chana prices.

• Stockiest are holding chana stocks in expectation of getting higher prices in the coming days. Traders and millers have started taking

position in futures taking clue from irregular weather condition in Australia.

• India’s chana production estimate has been decreased by 0.43% to 9.08 million tonnes in third advance estimates as against second advance

estimate of 9.12 million tonnes for 2016-17. However, trade sources are estimating 8.3-8.5 million tonnes of chana this year. Last year chana

production estimate was 7.06 million tonnes. Higher production estimate compared to last year may have slightly bearish impact on the

prices.

• Overall score of 3.4 indicates mildly positive undertone in the coming days.

Fundamental Summary

Price Drivers Impact Weightage Score (1-5)*

Unfavourable weather condition in Australia Bullish 20% 4

Lower Australian chickpea production estimate Bullish 15% 4

Regular imports from Australia Bearish 20% 2

Buffer stock with Nafed Consolidation 20% 3

Higher domestic demand Bullish 25% 4

Overall fundamental score 3.4

*Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish

BACK TO TOP

Date: 16-08-2017

NCML Commodity Market Monitor

S2 S1 CMP R1 R2

3925 4100 4350 4550 4700

Outlook: Prices will move towards the resistance mark of Rs 4550. Fresh buying will emerge above that for 4700.

Price Trend &Technicals

Recently imposed restriction on import quantity of Tur may prove

to be a supportive factor for the prices in the days to come. The

prices are trading sluggish since 5 months and have been hovering

within the range of Rs 3450 to 4100. However with the

government’s effort to support prices some positivity in seen

emerging. We expect the prices to move towards the next

resistance of Rs 4550 and a sustainable crack of it will infuse

further positivity in the prices. A move beyond Rs 4550 will push

prices higher towards the next resistance mark of Rs 4700.

IMPORTANT LEVELS

• India has restricted import quantity of tur up to 2 lakh MT. In the

fiscal year running from April to March traders can import no more

than 2 lakh MT. The decision will help to improve the domestic

prices of tur which was trading below MSP. At present import duty

on tur is 10 per cent.

• According to the trade sources, Burma Lemon Tur FAQ is trading in

the range of Rs 3825-3900 per quintal at Mumbai port as on 08th

August.

Mandi Price in Rs/ Quintal

11-08-2017 04-08-2017 %change

Mumbai 4100 3400 20.59

Kanpur 3375 3125 8.00

Akola 4400 3750 17.33

• As of 11th August 2017, all India Kharif tur sowing is reported at 39.91 lakh hectares which is around 18.68s percent lower than the same time last

year of 49.08 lakh hectares. Sowing coverage has decreased as farmers have not received good realization in tur last year. Lower area coverage

may have bullish impact on the prices.

• Market participants are demanding to remove ban on export on pulses to improve domestic prices which have fallen sharply because of

abundant supplies. Opening of export may push the domestic market upward.

• NAFED is planning to launch an e-auction platform to disposing the buffer stock of pulses. The portal would also facilitate sale and purchase of

various agricultural commodities including pulses by registered traders who would bid for the prices through an open auction system.

Disposing of buffesr stock may have slightly bearish impact on the prices.

• India tur production estimate has slightly increased by 8.74 percent to 4.60 MMT in third advance estimate as against second advance estimate

of 4.23 MMT for 2016-17. Last year tur production estimate was 2.56 MMT. Higher production estimate as compare to last year may have a

bearish impact on the prices.

• Overall score of 3.1 shows range bound with slightly bullish movement.

Fundamental Summary

Price Drivers Impact Weightage Score (1-5)*

Import restriction Bullish 30% 4

Lower sowing acreage Bullish 25% 4

Buffer stocks Bearish 30% 2

Higher production Bearish 15% 2

Overall fundamental score 3.1

*Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish

Fundamentals- Domestic & International TUR

3100

4700

6300

7900

9500

11100

12700

14300

Jul-1

5

Se

p-1

5

No

v-15

Feb

-16

Ap

r-16

Jul-1

6

Se

p-1

6

De

c-16

Feb

-17

May

-17

Jul-1

7

Tur: Desi: Akola

BACK TO TOP

Date: 16-08-2017

NCML Commodity Market Monitor

After the sharp surge in the guar seed and guargum prices over the

past couple of weeks the prices have become vulnerable to

correction on account of profit booking. However the factors like

strength in crude oil and crop loss expectation are still supportive

for the prices. We expect the uptick in the prices to extend further

towards the next important resistance zone of Rs 3800-3890 where

the prices may loose some steam and correct. However if prices

manage to surpass Rs 3890 mark and hold above it we might see

fresh buying momentum in guar prices pushing it even highr

towards Rs 4050 mark.

2,800

3,000

3,200

3,400

3,600

3,800

4,000

Feb

-16

Mar

-16

May

-16

Jun

-16

Au

g-1

6

Se

p-1

6

Oct

-16

De

c-16

Jan

-17

Mar

-17

Ap

r-17

Jun

-17

Jul-1

7

Guarseed-Average : Bikaner

IMPORTANT LEVELS

S2 S1 CMP R1 R2

3510 3575 3750 3800 3890

Outlook: Price will face stiff resistance at Rs 3890. A breach of it will push it even higher towards Rs 4050.

• Positive movement on futures and improved demand has lend good

support to Guar seed and Guar gum prices, but buyers at the same time

eyeing on sowing developments. Upside may be capped by ample stocks

and proft booking at higher levels.

• Market participants are cautious to procure Guar seed at higher rates as

sowing is in progress with present numbers are very good, however total

acreage details will be available only by month-end, which will give some

good idea about the next crop production. The recent crop damage

concerns from floods in Rajasthan may prevent decline in rates as overall

trend looks bullish.

Mandi Price in Rs/ Quintal

11-08-2017 04-08-2017 %change

Bikaner (Rajasthan)

3800 3600 5.56

Jodhpur (Rajasthan)

3825 3636.1 5.20

Bhuj (Gujarat) 3531 3395 4.01

Fundamental Summary

Price Drivers Impact Weightage Score (1-5)*

Higher acreage during current season Bearish 20% 2

Crop damage concerns Bullish 30% 4

Firmness in Crude oil prices Bullish 20% 4

Sufficient stock position consolidation 15% 3

Profit booking at higher levels Bearish 15% 2

Overall fundamental score 3.15

*1. Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5. Bullish

Fundamentals- Domestic & International

Price Trend &Technicals

GUAR SEED

• There are many positive factors for the Guarseed/Guargum, but ample stocks in the country has kept prices in check. Good monsoon can led

to sharp fall in prices due to prospects of higher production.

• As per the latest report by Department of Agriculture Rajasthan, Guar seed acreage increased to 2406.6 thousand hectares as against 1591.3

thousand hectares during same period last year. The target for Kharif 2017 is set at 3800 thousand hectares. Similarly, Guar acreage in Gujarat

as on 31st July 2017 stood at 161200 hectares compared to 88400 hectares same period last year. Area of Guar is expected to be lower this

season due to recent crop loss. The last three year average normal area for guar seed in Gujarat is 292400 hectares.

• As per the Department of Agriculture Rajasthan Guar seed production in 2016-17 was estimated at 14.25 lakh tonnes as against 22.23 lakh

tonnes in 2015-16. The fall in production was mainly due to lower area cropped as farmers opted for pulses and oilseed.

• According to APEDA, India's Guar gum exports during the fist three months (Apr-June) of current FY 2017-18 rose to 145,775 metric tonnes

against 77,174 metric tonnes a year ago. Guar exports are good from overseas market and expected to remain on the higher side.

• Guar seed stock at NCDEX warehouses as on 10th August declined significantly at 13,274 tonnes as against 20,554 tonnes same period last year.

• Overall fundamental score of 3.15 indicates that Guar seed prices will be consolidating with slightly positive tone.

BACK TO TOP

Date: 16-08-2017

NCML Commodity Market Monitor

Fundamentals- Domestic & International

Price Trend & Technicals

500

680

860

1040

1220

1400

1580

Au

g-1

3

Jan

-14

Jul-1

4

De

c-14

May

-15

No

v-15

Ap

r-16

Oct

-16

Mar

-17

Au

g-1

7

MCX Cardamom

CARDAMOM

Prices have traded under strong influence of bears since hitting

the highs of Rs 1550 during January this year. Prices were weighed

down further on early onset of monsoon raising expectation of

higher production. However prices rebounded from close vicinity

of its strong support level of around Rs900. Recovery was also

underpinned by the poor rains in the key growing regions. Looking

ahead we can expect the recovery to continue in the prices

pushing it higher towards the immediate resistance zone of Rs

1270 in the weeks to come. On the other side Rs1095- Rs1010 is a

strong support zone which will prevent prices from falling further.

IMPORTANT LEVELS

S2 S1 CMP R1 R2

1010 1095 1182 1220 1270

Outlook: Prices will show positive movement towards Rs 1270.

• Good pre-monsoon showers had earlier indicated a bumper crop, pulling prices down to Rs 800 per kg level. However, the flowering was good

but the conversion to fruit was less as monsoon rains were not as intense as expected.

• With the festive season beginning next month, the demand from northern states has picked up, leading to an increase in prices. GST has

facilitated the flow of the commodity to the north Indian markets. The domestic sales could see an upswing.

• According to the traders, the season began with virtually no carryover stocks due to robust domestic and overseas demand.

• Although the cardamom exports in 2016-17 showed a drop by 31.7% and were 4630 tonnes in 2016-17 against 6100 tonnes in 2015-16, India was

able to command a better price in the global market till the entry of Guatemala, the largest producer of the spice, the value showed just 6 per

cent drop at Rs 421 crore.

• The decline in exports could be attributed to the rise in the price of the commodity due to a fall in total production in the last crop. Besides,

non-availability of exportable grade material at affordable prices has aided a fall in export demand,

• Currently the exports have slowed down as traders are waiting for more arrivals to reach the market.

• Overall score of 3.2 shows mild bullishness in cardamom prices till the harvests hit the market in full swing and there is a clearer idea of the

quatity of output this season.

Fundamental Summary

Price Drivers Impact Weightage Score (1-5)*

Low production in 2016-17 as per trade sources and almost nil carryover stocks

Bullish 15% 4

Low rainfall in south- in Idukki, Kerala where cardamom is grown Bullish 15% 4

Output expected to be larger than previous year’s low level despite being buoyed down by rains

Consolidation 30% 3

Ongoing harvest and arrival season setting in Bearish 25% 2

Festive demand especially in the north Bullish 15% 4

Overall fundamental score 3.2

*Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish

• The second advance estimates of the National Horticulture board pegged

India’s cardamom production in 2016-17 at 27000 tonnes against 24000

tonnes in 2015-16 and area sown at 84000 ha against 86000 ha in 2015-16.

However the trade sources pegged the 2016-17 production much lower, at

below 20000 tonnes. The fundamental parameters indicate that the output

indeed was much less than the government numbers.

• The current harvest season has just begun, with poor rains in South

dampening the expectations of a good harvest. Cardamom may get costlier

this festive season as prices have rebounded after a drop, due to scanty

monsoon showers in Idukki in Kerala where it is mostly grown.

Mandi Price in Rs/Kg

11-08-2017 04-08-2017 %change

Vandanmedu (MCX)

1193.9 1196.5 -0.22

Futures sept contract

1128 1110 1.62

BACK TO TOP

Date: 16-08-2017

NCML Commodity Market Monitor

• Area under Kharif crops up by 7.43 per cent despite less rain News Link

• Govt hikes import duty on crude, palm oil to boost local prices News Link

• No plans for duty-free sugar imports: Paswan News Link

• Castor prices surge on higher exports, crop damage News Link

• Pink bollworm hits cotton in Gujarat, Maharashtra News Link

• Record pulses buffer stock turn into headache for Centre; here is why News Link

• India under pressure to ease protection of industry, agriculture at RCEP talks News Link

• Oilmeal exports surge 54% as soymeal shipments rise News Link

• IMD forecasts normal monsoon in August & September News Link

• Rupee rally to slow export of non-basmati rice News Link

• Tur, arhar growers need govt support News Link

• Cotton futures plunge limit down, after US forecasts record yield News Link

• Corn, soy, wheat prices plunge on buoyant US crop supply hopes News Link

• Dryness speeding Brazil sugar output 'poses threat' to volumes ahead News Link

3.317.3

1.1

-1.8

-0.2

5.6

0.7

0.3

1.9

-0.3

1.4

-0.9

-0.75

-3.02

-9.0 1.0 11.0 21.0

Chana

Tur

Wheat

Paddy

Pepper

Guar

Soya

Mustard

Cotton

Sugar

Castor

Turmeric

Jeera

Groundnut

% age change since 4th August 2017

News corner

OFFICIAL PRODUCTION ESTIMATES

Third advance estimates 2016-17 & previous years’ estimates :

Third Advance Estimates

Link for commodity-wise and

market-wise prices and arrivals:

http://agmarknet.gov.in/PriceAndArrival

s/CommodityWiseDailyReport2.aspx

MSP in Rs /Qtl

Commodity 2015-16 2016-17 2017-18

Paddy Common 1410 1470 1550

paddy grade A 1450 1510 1590

Jowar Hybrid 1570 1625 1700

Jowar Maldandi 1590 1650 1725

Bajra 1275 1330 1425

Ragi 1650 1725 1900

Maize 1325 1365 1425

Tur 4625 5050 5450*

Moong 4850 5225 5575*

Urad 4625 5000 5400*

Groundnut 4030 4220 4450*

Sunflower seed 3800 3950 4100 #

Soyabean black

2775 3050

Sesamum 4700 5000 5300 #

Nigerseed 3650 3825 4050 #

Cotton(Medium Staple) 3800 3680 4020

Cotton(Long Staple) 4100 4160 4320

*includes bonus of Rs 200 per quintal

# includes bonus of Rs 100 per quintal

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MONSOON SITUATION

Date: 16-08-2017

NCML Commodity Market Monitor

Sowing progress: Kharif 2017-18- Detailed report

BACK TO TOP

Date: 16-08-2017

NCML Commodity Market Monitor

Advisory Team

Basant Vaid Head: TCIG basant.v@ncml.com

Sreedhar Nandam Vice President: SCM sreedhar.n@ncml.com

Research Team

Suresh Solanki Assistant Manager: TCIG suresh.s@ncml.com

Kamna Malhotra Economist: TCIG kamna.m@ncml.com

Akash Jaiswal Research Analyst: TCIG akash.j@ncml.com

Ansh Aggarwal Senior Officer: Trade Support ansh.a@ncml.com

For any research queries, contact us at research@ncml.com

Disclaimer:

This consultancy report has been prepared by National Collateral Management Services Limited (NCML) for the sole benefit of the addressee.

Neither the report nor any part of the report shall be provided to third parties without the written consent of NCML. Any third party in

possession of the report may not rely on its conclusions without the written consent of NCML. NCML has exercised reasonable care and skill in

preparation of this consultancy report but has not independently verified information provided by others. No other warranty, express or

implied, is made in relation to this report. Therefore, NCML assumes no liability for any loss resulting from errors, omissions or

misrepresentations made by others. Any recommendations, opinions and findings stated in this report are based on circumstances and facts as

they existed at the time of preparation of this report. Any change in circumstances and facts on which this report is based may adversely affect

any recommendations, opinions or findings contained in this report.

© National Collateral Management Services Limited (NCML) 2017

STOCK

Stock limits of States/UTs

Answers of NCoMM report dated 8 August 2017: 1. Commodity: Groundnut, India’s total production in 2016-17: 76.5 lakh tonnes

2. Commodity: Toor dal, Countries: Tanzania, Mozambique, Myanmar, Malawi- ANY TWO

The following people gave correct and complete answers in first go: Maheshkumar Ramaswamy Suresh Bitlunga Bhagya Bora Anjali Pramod Agrawal Priya Vaishnav Prakash Chandra Jejani Sandeep Shedge Kalyan Gudlavalleti

Ritesh Kumar Sahu (Angel Commodities) Sagar B Sarak Abhineet Srivastava Laxmikant Halabavi Dr. Raina Jain Akshay Wardhan Prakash Shukla Anilkumar Parvathaneni

LUCKY WINNER :

PRAMOD AGRAWAL