ncomm ncml commodity market monitor · will result in a fresh upmove in the prices towards rs 1975...
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Date: 21-11-2017
NCML Commodity Market Monitor
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21 November 2017
NCoMM
NCML COMMODITY MARKET MONITOR
ANSWERS & LUCKY WINNER OF PREVIOUS WEEK’S QUIZ
Wheat | Paddy | Chana | Tur | Chilli | Guarseed
OUTLOOK
OTHER DATA Rabi Area Sown | Advance estimates | Kharif & Rabi MSP
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Date: 21-11-2017
NCML Commodity Market Monitor
Price Trend & Technicals
1,500.00
1,700.00
1,900.00
2,100.00
2,300.00
2,500.00
Feb
-16
Mar
-16
May
-16
Jul-1
6
Se
p-1
6
Oct
-16
De
c-16
Feb
-17
Ap
r-17
Jun
-17
Jul-1
7
Se
p-1
7
No
v-17
Wheat: Standard mill quality : DelhiAfter trading in a narrow range for the past months, wheat prices
have picked up pace. Prices are expected to stretch the gains in the
coming days as well on account od doubling of import duty, lower
acreage reported and wedding season demand. We expect the
wheat prices to move higher in the nearby days and move closer to
Rs 1910 which is an important resistance level. A breach of Rs 1910
will result in a fresh upmove in the prices towards Rs 1975 level
mark. Though the chance of any sharp correction are minimal but
any such correction will be contained at the immediate support
level of Rs 1825.
IMPORTANT LEVELS
S2 S1 CMP R1 R2
1810 1825 1,840.70 1910 1975
Outlook: Prices will trade with positive undertone and will move closer to Rs Rs 1910.
• In the current rabi sowing season, India’s wheat acreage till 17 November 2017
is 60.19 lakh hecatares, 19.82% lower than 75.07 lakh hectares sown last year
till the same date.
• The government has doubled the import duty on wheat from 10% to 20% to
boost local production and prevent domestic wheat-growers from switching
to other crops by sending a positive price signal. This will reduce the flow of
wheat shipments from the main Black Sea producers Ukraine and Russia.
• Earlier the Government raised the MSP of wheat by Rs 110 per quintal, from Rs
1,625 per quintal in 2016-17 to Rs 1,735 per quintal for 2017-18, an increase of
6.8%, to boost acreage of the rabi crop however below normal monsoon
received this year is resulting in slow acreage progress.
Mandi Price in Rs/Quintal
17-11-22017 10-11-2017 %change
Delhi 1844.7 1871.9 -1.45
Kota 1686.24 1684.6 0.10
Kanpur 1677.5 1692.5 -0.89
• The imports for fiscal year ending March 2018 may touch 3 million tonnes despite record production. In the fiscal year ending March 2017, India
imported 5.75 mt of wheat from Ukraine, Russia, Australia and Bulgaria. Export window remains restricted due to global huge disparity.
• As per fourth advance estimates of Government, India recorded a bumper crop of 98.38 million tonnes in 2016-17 against 92.2 million tonnes in
2015-16. For 2017-18, the government has set a target of 97.50 million tonnes.
• Pick up in demand from flour mills to meet ongoing festive/wedding season demand is also giving support to wheat prices.
• Wheat stocks with government agencies stood at 23.9 mt as on November 1, up 27 per cent from a year ago. According to industry players,
wheat stocks in the country by the end of 2017-18 have projected at a comfortable 12-13 million tonnes against less than 8 million tonnes a year
ago. In 2017-18, according to trade estimates, wheat sales through open market operations of the Food Corporation of India (FCI) are expected
to be less than 1 million tonnes, lower than the 3-3.5 million tonnes last year.
• State government in west Bengal has banned cultivation of wheat within 5Kms of Bangladesh border to prevent spread of wheat blast disease.
• As in November first week, Russia has harvested 88 million tonnes of wheat compared to 75.8 million tonnes a year ago for the same date..
Australia’s wheat production estimate is down at 21.5 million tonnes against 33.5 million tonnes last year on persistent dry conditions.
• Global wheat output is estimated at 751.19 miilion tonnes against 754.15 million tonnes last year, while the ending stocks are projected higher
ata 268.13 illion tonnes against 256.58 million tonnes last year.
• The overall fundamental score of 3.3 shows bullishness in wheat prices.
Fundamental Summary
Price Drivers Impact Weightage Score (1-5)*
Lower acreage of wheat reported till now Bullish 25% 4
Hike in import duty from 10% to 20% Bullish 15% 4
Festive/wedding season demand amidst lean supply season Bullish 15% 4
Bumper wheat harvest in 2017 Bearish 25% 2
Comfortable central stock position Consolidation 20% 3
Overall fundamental score 3.3
* 1. Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish
Fundamentals- Domestic & International WHEAT
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Date: 21-11-2017
NCML Commodity Market Monitor
Fundamentals- Domestic & International PADDY
Fundamental Summary
Price Drivers Impact Weightage Score (1-5)*
Incoming arrivals of the new crop Bearish 30% 2
Lower acreage in 2017-18 kharif and lower production estimate Bullish 20% 4
High overseas demand- Export tender from Iran, likelihood of Iran lifting ban from Basmati impprts, and higher export to EU before 31 Dec- the deadline for implementation of new tricyclazole limit
Bullish 20% 4
Fall in Basmati exports expected fro 1 Jan 2018 due EU norm Bearish 10% 2
High demand from stockists and low carryover for basmati Bullish 20% 4
Overall fundamental score 3.2
*Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish
• Rice prices in India climbed in last two weeks, buoyed by improved overseas
demand, but rising supplies from a new season crop will cap the upside.
• More than 67 lakh metric tonnes (MT) of paddy has reached the mandis of
Haryana compared with over 62.46 lakh MT crop arrived in market during
the same period a year ago, while Punjab has set a target to procuring over
182 lakh tonne of paddy against 168 lakh tonne in 2016-17.
• The area sown under rice for 2017-18 fell to 379.08 lakh hectares, 3.29%
lower than 382.37 lakh hectares.
• There was no carryover stock of basmati crop from last year and with this
year’s crop being less, there has been a lot of buying.
Mandi Paddy : Price in Rs/ Quintal
17-11-22017 10-11-2017 %change
Hanumangarh (1121 Pusa)
3,100 2,975 4.20
Kanpur (Common)
1550 1550 0.00
Aligarh 2950 2900 1.72
• A great demand of India’s Basmati is being seen from Europe just before the new fungicide import norm comes into effect.
• The EU has given time to India till December 31 to meet the new norms to bring down the maximum residue limit (MRL) level for Tricyclazole (a
fungicide) 0.01 mg. However, it may take two crop cycles for India to meet the new import norms. Due to this, Basmati exports may decline as
much as 5% to 3.79 million metric tons in the year than began on April 1 from a year earlier. Pakistan could target India’s basmati rice market in
the EU following upcoming application of stringent policies.
• Iran’s state grains buyer issued an international invitation to tender to buy 30,000 tons of rice to be sourced from India for shipment in early
2018. MY 2016/17 total rice exports from India are estimated at 11.80 mn tonnes (4 mn tonnes Basmati) against 11 mn tonnes last year. The
likelihood of Iran lifting its ban on basmati imports from India soon is likely to hike prices.
• As per first advance estimates released by government, India's kharif rice output 2017-18 is likely to fall by 1.9 million tonnes to 94.48 million
tonnes from the record 96.39 million tonnes kharif production in 2016-17.
• Chhattisgarh government increases the bonus of RS.300/quintal on paddy. Indian FOB for 1121 steam is in the range of USD 1170/MT which is up
by 9.22% from last month price of USD 1070/T due to increased price in local markets. Aromatic rice price too firmed this month with active
demand from international markets.
• In the October USDA report, global rice production is pegged at 483.8 million tonnes against 487.13 million tonnes last year. Global 2017/18
ending stocks are pegged to fall to 200.96 mn tonnes against 226.99 in 2016-17.
• Overall fundamental score of 3.2 shows mild bullishness to consolidation in prices which may be pressured after few days with paced arrivals.
Lower acreage and production estimates coupled with strong
overseas demand has lead to continued firm tone to paddy prices
despite beginning of arrivals. However, in the coming weeks prices
may be pressurised due to arrivals picking up pace. Dowside may be
underpinned till atleast 31 December, post which the fall in exports
to Europe with the norm coming in effect may lend bearishness to
prices. Over next fortnight the prices are expected to trade in the
band of 2900-3200.
Price Trend & Technicals
1,600.00
2,000.00
2,400.00
2,800.00
3,200.00
3,600.00
Jan
-16
Mar
-16
Ap
r-16
Jun
-16
Au
g-1
6
Se
p-1
6
No
v-16
Jan
-17
Mar
-17
Ap
r-17
Jun
-17
Au
g-1
7
Se
p-1
7
No
v-17
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
2800 2900 3100 3300 3500
Outlook: Prices will trade in the band of 2900-3200.
BACK TO TOP
Date: 21-11-2017
NCML Commodity Market Monitor
Expectation of higher sowing acreage and regular imports from
Australia have resulted in pressurizing chana prices in the recent
days. However, removal of export ban may give some support to
the prices. In the days, ahead we expect prices to continue to
trade range bound to slightly downward. First support level is seen
at Rs 4900 and breaching of this level may give support at Rs
4500.However, buying at lower levels may push the prices upward
and resistance level can be seen at Rs 5300.Upward movement
from Rs 5300 seems minimal due to sufficient stock in the market.
Fundamentals- Domestic & International
Price Trend & Technicals
4500
5500
6500
7500
8500
9500
10500
11500
12500
Se
p-1
6
No
v-16
De
c-16
Feb
-17
Ap
r-17
May
-17
Jul-1
7
Se
p-1
7
No
v-17
Chana -Rajasthani desi : Delhi
CHANA
IMPORTANT LEVELS
S2 S1 CMP R1 R2
4500 4900 4952 5300 5400
Outlook: prices are expected to trade in the the range of Rs 4800 to Rs 5200
• As per latest government notification, export ban on all types of
pulses has been removed. This step was taken to ensure that
farmers may have greater choice in marketing their produce and
can get higher prices for their product.
• As of 18th November, Australian chana is being traded at Rs 4800
per quintal in Mumbai market and Rs 4850 per quintal at Mundra
port. Australian chickpea of November-December delivery is being
offered at Rs 4750 per quintal at Mumbai port. Regular shipments
of chana from Australia is coming which may have a slightly bearish
impact on the domestic prices.
Mandi Price in Rs/ Quintal
17-11-22017 10-11-2017 %change
Delhi 4950 5150 -3.88
Bikaner 4900 4900 0.00
kanpur 4800 4850 -1.03
• According to the latest sowing report, as on 17th November all India chana acreage is reported at 60.69 lakh hectares in 2017-18 which is 38.21
per cent higher than 2016-17 acreage of 43.91 lakh hectares at the same time period. Chana acreage has increased in 2017-18 as domestic prices
was firm throughout the year.
• Moreover, the government has increased the minimum support price (MSP) of chana for the crop year 2017-18 to Rs 4400 per quintal from Rs
4000 per quintal. The increase in MSP is expected to boost acreage and production of chana crop.
• According to the target estimate released by government, India’s chana production target estimate for 2017-18 is 9.75 million MT which is
slightly higher than 2016-17 fourth advance estimate of 9.33 million MT. Higher production estimate in the coming Rabi season may have
slightly bearish impact on the prices.
• According to the trade sources, stock of chana is sufficient to carter the present demand. Stockiest are side-lined and millers are doping need
based buying.
• According to the latest report of Australian Bureau of Agricultural & Resource Economics & Sciences(ABARES), Australian chana production
estimate has been reduced by 35.92 percent to 1.188 million tonnes from 1.854 million tonnes last year due to lower yield expectation.
• Overall score of 2.75 indicates range bound to mildly bearish movement in the coming days.
Fundamental Summary
Price Drivers Impact Weightage Score (1-5)*
Remove of export ban on chana Bullish 10% 4
Higher and regular imports from Australia Bearish 20% 2
All India higher sowing acreage Bearish 20% 2
Higher production estimate of India Bearish 15% 2
Sufficient stocks Consolidation 15% 3
Lower Australian crop estimate Bullish 20% 4
Overall fundamental score 2.75
*Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish
BACK TO TOP
Date: 21-11-2017
NCML Commodity Market Monitor
S2 S1 CMP R1 R2
3492 3588 3700 3950 4250
Outlook: Prices may slip towards Rs 3600 from where some buying can emerge.
Price Trend &Technicals
The intermediate undertone in Tur prices continued to be bearish on
account good crop condition and export disparity with the other
countries. Moreover, the arrival season is underway and peak arrival
will start in December which will pressurize the prices further. Prices
will expectedly move closer to the support which at Rs 3588. In
prices manage to breach and trade below it for sufficient time we
might see a further stretch of the declining streak towards the next
and important support mark of Rs 3492.However, procurement
activity by government may push the prices upward and resistance
is seen at Rs 3950.
IMPORTANT LEVELS
• Maharashtra government has decided to process 2.5 Lakh MT of tur and
sell it to the public at Rs 55 per Kg. Processed tur will be available in 1 Kg
and 5 Kg bags. The decision will help in clearing old stocks of tur with
the government.
• Central government is planning to dispose 5 lakh MT of pulses from
buffer stock to central welfare schemes. 16 Lakh MT of pulses is
available in pulses buffer stock.
Mandi Price in Rs/ Quintal
17-11-22017 10-11-2017 %change
Mumbai 3700 3700 0.00
kanpur 3575 3350 6.72
Akola 3650 3825 -4.58
• As per latest government notification, export ban on all types of pulses has been removed. This step was taken to ensure that farmers may
have greater choice in marketing their produce and can get higher prices for their product.
• New tur crop started hitting in the mandis of Maharashtra in small amount. Crop quality is good; however, moisture level is slightly higher than
normal. According to the market participants, tur crop in major producing states is in normal condition and they are expecting normal yield this
year.
• As per trade sources, central government is changing its policy of buying pulses from the farmers. Now states will be buying pulses according
to their own requirement and central government may give subsidy to the state government. Starting of procurement activity may push the
prices upward
• As of 18th November, Burma lemon tur is being offered at Rs 3650 per quintal in Mumbai market. However, imports are unlikely to happen as
Indian government has fixed import limit on Tur at 1.5 lakh MT. So, no imports are expected till March 2018.
• As tur crop sowing acreage in India is lower than last year due to shifting to another competitive crop. India’s tur production for 2017-18 is
estimated at 3.99 million metric tonnes which is 6.11 per cent lower than the target estimate of 4.25 million metric tonnes of 2017-18.
• Overall score of 2.8 shows range bound to slightly bearish movement in the coming days.
•
Fundamental Summary
Price Drivers Impact Weightage Score (1-5)*
Maharashtra government to sell processed tur Bearish 15% 2
Central government to dispose pulses from buffer stock
Bearish 20% 2
Remove of export ban on pulses Bullish 20% 4
Arrival of new crop Bearish 25% 2
Lower Indian tur production estimate Bullish 20% 4
Overall fundamental score 2.8
*Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish
Fundamentals- Domestic & International TUR
2500
4100
5700
7300
8900
10500
12100
13700
Jul-1
5
Oct
-15
Jan
-16
Ap
r-16
Jul-1
6
Oct
-16
Jan
-17
Ap
r-17
Jul-1
7
No
v-17
Lemon tur FAQ-Myanmar origin : Mumbai
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Date: 21-11-2017
NCML Commodity Market Monitor
Fundamentals- Domestic & International CHILLI
Price Trend &Technicals
4000
5600
7200
8800
10400
12000
13600
Feb
-08
No
v-0
8
Au
g-0
9
May
-10
Feb
-11
No
v-11
Au
g-1
2
May
-13
Feb
-14
No
v-14
Au
g-1
5
May
-16
Feb
-17
No
v-17
Chillies - Guntur : Bangalore
High production last season and stock in cold storages are the
factors weighing on the prices. However with the steep fall in
acreage this year, the prices are poised to recover, though the
chances of any sharp pullback in chilli seem minimal. Rising exports
from Aisia’s largets chilli yard of Guntur may further underpin the
prices. Prices have hit the lowest level since April 2012 and are
currently around their strong support. If Rs 5410 is breached
decisively fresh round of selling can pull down prices further towards
Rs 5280 mark. Failing to breach Rs5410 will support prices in the near
term and push it mildly higher towards Rs 5800.
IMPORTANT LEVELS
S2 S1 CMP R1 R2
5280 5410 5650 5800 6260
Outlook: Prices will further move down closer to Rs 5280 on
a breach of Rs 5410. Else some recovery will take place.
• The team of South Korea delegates visited Asia’s biggest chilli yard at
Guntur on 24 November and announced starting of importing of chillies
from chilli yard Guntur by South Korea.
• In 2017-18, red Chilli production is likely to go down by 35% due to lower
sowing area current year as a result of rock bottom prices last year. As on
01 Nov 2017 chilli was sown in 746 ha against 9428 ha last year till date.
• In 2016-17, chilli production was over 17.2 million tonnes compared to 14.5
million tonnes in 2015-16. There weren’t enough cold storages for the
farmers to store the surplus which is why they are forced to sell at very
low prices which also called for farmer protests.
Mandi Price in Rs/ Quintal
17-11-22017 10-11-2017 %change
Byadagi 4,509.00 4,209.00 7.13
Bangalore 5,650.0 5,650.0 0
Fundamental Summary
Price Drivers Impact Weightage Score (1-5)*
Steep fall in acreage and chilli production estimate due to rock bottom prices last year
Bullish 35% 4
Overproduction last year and high carryover stock in existing cold storages
Bearish 30% 2
High export demand for Indian chillies; New demand from South Korea
Bulllish 20% 4
High domestic demand Bullish 15% 4
Overall fundamental score 3.4
*Bearish; 2. Marginal Bearish; 3. Consolidation; 4. Marginal Bullish; 5.Bullish
• Increased buying by retailers and stockists amid low stocks is supporting chilli prices. Due to steep fall in production in the coming year, red Chilli
prices likely to firm up. Clearer picture will emerge once the arrivals of red chillies start in December-January.
• In Madhya Pradesh, current year farmers are picking chilli at green stage and did not wait for it to get fully matured till red stage as they are
receiving higher prices for green chilli than red chilli prices and bringing their crop to the Bedia mandi. Currently, 200 – 300 bags (1 bag = 35kgs)
green chilli arrivals coming to the market.
• It is estimated that the export of chilli is more than four lakh tonnes during the financial year 2016-17 as against 3.47 lakh tonnes in 2015-16,
according to the Spices Board’s latest reports. Chilli became the most exported spice during April–June 2017 with the shipment of 1,33,000
tonnes, fetching Rs 1,198 crore.
• In Guntur and Warangal market, there is continued increasing demand reported for premium varieties like Teja, US 341, etc.
• Guntur Chilli cold storage stocks are reported higher due to higher production last year. Currently, stocks were estimated around 193,500 to
211,000 MT compared to last year’s 126,000 to 145,500 MT. As per estimates, around 54,000 to 67,000 MT chilli stocks are likely to be carried
forward for next year.
• Overall fundamental score of 3.4 shows bullishness in chilli prices.
BACK TO TOP
Date: 21-11-2017
NCML Commodity Market Monitor
The new crop arrival pressure continue to keep the Guar seed and
Guar gum prices under check. Guar seed and Guar gum prices are
trading in a narrow range since last 15 to 20 days. We hold our
previous view that the range bound trading will continue. The
factors like crop loss expectation and strength in crude oil are still
supportive for the prices. if prices manage to surpass the 3750 mark
we might see fresh buying momentum in guar prices pushing it even
highr towards Rs. 3853 mark and above.
2,950.00
3,150.00
3,350.00
3,550.00
3,750.00
3,950.00
4,150.00
20
-No
v-1
6
20
-Dec
-16
20
-Jan
-17
20
-Feb
-17
20
-Mar
-17
20
-Ap
r-1
7
20
-May
-17
20
-Ju
n-1
7
20
-Ju
l-1
7
20
-Au
g-1
7
20
-Sep
-17
20
-Oct
-17
20
-No
v-1
7
Guar seed Average: Bikaner
IMPORTANT LEVELS
S2 S1 CMP R1 R2
3489 3568 3671 3750 3853
Outlook: Guar seed prices will trade range bound within the Rs
3500 to Rs. 3750 band.
• Guar futures and spot markets remained range bound with slight bullish
tone as Guar seed production this year is likely to be lower than last year
as per traders and export demand for Guar gum is likely to improve
which is keeping the spot market sentiment slightly positive. Firmness in
crude oil prices may also support the commodity.
• As per trade sources, 55-65 percent harvesting is complete in Barmer.
and around 85-90 per cent harvesting is completed in Bikaner.
• According to traders, the new crop arrival pressure has kept uptrend
limited. Exporters are waiting for some more weakness in prices before
initiating fresh demand. However crushers demand is expected better
due to increasing trend in Guar gum exports.
Mandi Price in Rs/ Quintal
17-11-2017 10-11-2017 %change
Bikaner (Rajasthan)
3675 3610 1.80
Barmer (Rajasthan)
3510 3580 -1.95
Deesa (Gujarat)
3600 3625 -0.68
Fundamental Summary
Price Drivers Impact Weightage Score (1-5)*
Expectation of lower production by Trade sources Bullish 20% 4
Strong exports during current year Bullish 25% 4
New crop arrival pressure Bearish 20% 2
Government estimates higher production Bearish 15% 1
Improvement in demand at lower levels Bullish 20% 4
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
• According to the Agricultural and Processed Food Products Export Development Authority latest data, Guar gum exports from India during
April-September 2017-18 increased by 54 per cent at 2.53 lakh tonnes as against 1.64 lakh tonnes exported last year same period.
• According to Industry sources, India exported around 3.25 lakh tonnes of Guar gum during 2016-17 and expected to cross 4.0 lakh tonnes in
2017-18. Guar seed total availability for the 2017-18 is estimated around 17 lakh tonnes against 22-23 lakh tonnes year due to lower production.
• According to Trade sources, Guar seed production in Rajasthan could shrink to 7-8 lakh tonnes this year. And on the other hand, Rajasthan
state agriculture department estimated Guar seed crop around 16.76 lakh tonnes against 14.04 lakh tonnes a year ago. As per the latest report
by Department of Agriculture Rajasthan, Guar seed sowing in Rajasthan was at 28.26 lakh hectares compared with 27.10 lakh hectares same
period previous year. Despite higher acreage of Guar, there are reports of large scale damage to standing guar crop due to heavy rains in
major Guar sowing districts of Western Rajasthan. Western Rajasthan districts like Bikaner, Barmer, Jaisalmer and Jodhpur account for more
than 80 per cent of Guar acreage in Rajasthan.
• As on 19th Nov’17 Guar seed stocks at NCDEX warehouses increased to 26,035 tonnes as compared to 21,816 tonnes same period year ago.
• Fundamental score of 3.15 indicates that Guar seed prices are likely to remaine range bound with bullish tone.
Date: 21-11-2017
NCML Commodity Market Monitor
• Bulging stocks prompt govt to double wheat import duty News Link
• India's 17-18 cotton production to be up by 11% at 375 lakh bales: CAI News Link
• Rabi acreage up 5% but wheat sowing trails News Ljnk
• Sugar production till November 15 up by 79%: ISMA News Link
• ‘India close to attaining self-sufficiency in pulses’ News Link
• India’s basmati rice exports may drop to 3-year low on new EU rule News Link
• K'taka asks Centre to procure groundnut as prices crash below MSP News Link
• India increases import duties on edible oils as domestic prices of Oilseeds plunged below MSP News Link
• A cool way to find hot markets for horticulture produce News Link
• Government removes restrictions on export of all types of pulses News Link
• Cut post-harvest losses, boost agri exports: Union Minister Shekhawat News Link
• For Gujarat’s farmers, a ‘triple
whammy’ of troubles News Link
• Maharashtra to compensate cotton farmers for pink bollworm attack News Link
• Speculator data sink sugar and wheat prices - but fuel gains in corn News Link
News corner
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-3.9-4.6
0.1
-1.0
2.1
-0.1
-1.9
0.8
-0.1
0.0
0.2
1.46
-9.0 -7.0 -5.0 -3.0 -1.0 1.0 3.0
Chana
Tur
Wheat
Maize
Guar
Soya
Mustard
Cotton
Sugar
Castor
Turmeric
Jeera
% age change since 10 November 2017
OFFICIAL PRODUCTION ESTIMATES
First advance estimates 2017-18 &
previous years’ estimates :
First Advance Estimates 2017-18
Link for commodity-wise and
market-wise prices and arrivals:
http://agmarknet.gov.in/PriceAndArrivals/
CommodityWiseDailyReport2.aspx
MSP in Rs /Qtl- Kharif 2017-18
Commodity 2016-17 2017-18
Paddy Common 1470 1550
paddy grade A 1510 1590
Jowar Hybrid 1625 1700
Jowar Maldandi 1650 1725
Bajra 1330 1425
Ragi 1725 1900
Maize 1365 1425
Tur 5050 5450*
Moong 5225 5575*
Urad 5000 5400*
Groundnut 4220 4450*
Sunflower seed 3950 4100 #
Soyabean black 2775 3050
Sesamum 5000 5300 #
Nigerseed 3825 4050 #
Cotton(Medium Staple) 3680 4020
Cotton(Long Staple) 4160 4320
MSP in Rs /Qtl- Rabi 2017-18
Commodity 2016-17 2017-18
Wheat 1625 1735
Barley 1325 1410
Gram 4000* 4400
Masur (Lentil) 3950* 4250
Rapeseed/Mustard 3700* 4000
Safflower 3700* 4100
Wheat 1625 1735
*includes bonus of Rs 200 per quintal
# includes bonus of Rs 100 per quintal
Date: 21-11-2017
NCML Commodity Market Monitor
Sowing progress: Rabi 2017-18- Detailed report
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Date: 21-11-2017
NCML Commodity Market Monitor
STOCK
Stock limits of States/UTs
Answers of NCoMM report dated 14 November 2017: 1. Cotton Corporation of India
2. Onion
3. Coriander
The following people gave correct answers:
Anilkumar Parvathaneni Priyanka RP
Sandipkumar Praveen Parihar
Abinandhan Rehana Khambaty
pravendra singh rawat Ajay Singh
Shiv Singh Dhaked Himanshu Bhardwaj
Amit Sahu Deepa
yadbir singh Manjeet Kumar
Shaik Huzoor Ali Fathima
Praveen Kumar Mundra Gopalakrishnan P
Kumood Sharma Riteshkumar Sahu
Bichhanda kumar sahoo Bruntha Ramani
S.Narendra Aaftab khan
supriya ANJALI
bhawani singh naruka PRIYA RAJKUMAR SINGH SENGAR
Neha Rahul Nair Manoj Kumar Singh
Ankit Choudhary Babloo Kumar
Prashant Sharma K.Priyanka
Akshay Kadam Rajeswarareddy.s
Mayank Mishra Anurag Kushwaha
Deepak Acharya SHRIKANT PATIL
Rohit Dhyani Dr. Raina Jain
Ashwin Lingalwar Som Dutt
venkanna Katikella Arun kumar
Mohdathar Surya narayan dash
priti gupta Rahul Gautam
IPSA RASHMI Vijay Gupta
Rahul Jain Deepak saini
shashikant Jugnu
EJAZ AHMED Maheshkumar Ramaswamy
SHILPA SHEKHAWAT Adarsh sharma
rahuldhyani `ADARSH SHARMA
Vinayak Tripathi Bharat Sahu
Abdullah Shaikh Nikhil Kumar
Jain Sarvesh Shantilal Ranjit Pradhan
bhupin kumar Manish kumar rohilla
Manoj Kumar Gautam Vashistha
Prathamesh Avachare Manish meena
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LUCKY WINNER :
Manish Meena
Date: 21-11-2017
NCML Commodity Market Monitor
Advisory Team
Basant Vaid Head: TCIG [email protected]
Sreedhar Nandam Vice President: SCM [email protected]
Research Team
Suresh Solanki Assistant Manager: TCIG [email protected]
Kamna Malhotra Economist: TCIG [email protected]
Akash Jaiswal Research Analyst: TCIG [email protected]
Ansh Aggarwal Senior Officer: Trade Support [email protected]
For any research queries, contact us at [email protected]
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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
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misrepresentations made by others. Any recommendations, opinions and findings stated in this report are based on circumstances and facts as
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any recommendations, opinions or findings contained in this report.
© National Collateral Management Services Limited (NCML) 2017
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