pulses - andhra pradesh · daily price monitoring report 1st nov, 2019 27/09/2017 andhra pradesh...

Daily Price Monitoring Report 1st Nov, 2019

27/09/2017

Pulses Today’s developments:

(No new developments today)

Recent Developments that are still Influencing Markets:

(31st Oct-2019) Cabinet Committee meeting regarding decision over pulses import quantity and extension of timeline for import was postponed yesterday due to some technical reason. The new date would be announced soon. In this meeting import quantity of urad was increased from1.5 to 2.5 lakh MT while import timeline had to be extended from 31st Oct to 30 Nov-2019.

(31st Oct-2019) Continuous rains in Akola region have started affecting tur crop. Besides Akola, some other parts of Maharashtra is receiving unseasonal rains and farmers are worried for their standing crops, almost approaching at maturity stage. Recent rains have delayed chana sowing at least by two weeks. Under prevailing condition chana and tur crop may get support in cash market. Tur price have moved up by Rs100 in Maharashtra. There is no good news from AP and Tamil Nadu. If heavy rains occur in these states, loss for tur crop would increase while chana sowing would be delayed for 15days. In Sholapur market tur moved up to Rs 5600-5650.In Gulberga market tur is being traded at Rs5500-5600.Myanmar is offering tur at Rs 4805($645 per MT).Old crop is being offered at Rs 4483($600 per MT).

(28th Oct-2019) Myanmar offers Urad FAQ at $700 and SQ at $800 per MT. It has moved up by $30 in last few days. In INR term it comes to Rs 5198 & Rs 5914 per MT. New lemon tur is being offered at $645 and old at $600 per MT. Moong Padi Shweva was quoted at $975 per MT while Pakaku was offered at $830 per MT Anya Shweva was offered at $840 per MT. Chana kabuli was offered at $650per MT.

(25th Oct-2019) Govt. declares MSP for Rabi crops. It has increased chana MSP by Rs 205 to Rs 4825 per qtl for new crop to be marketed in MY 2020-21.It was Rs 4620 for MY 2019-20.In case of Masur MSP for the new season has been increased by Rs325 to Rs 4800.It has been increased by Rs 85 for wheat to Rs 1925 per qtl. Mustard MSP has been increased by Rs 200 to Rs 4400. Sunflower MSP has been increased by Rs270 to Rs5245 per qtl. It may help market to recover further.

(24th Oct-2019) As per Nafed officials Nafed would not sell pulses below MSP in Rajasthan. Pulses includes chana ,urad. It would auction pulses twice in a week (Monday & Thursdays).Gram may not be offloaded below 4400,urad below 5600 and moong below 6975 per qtl. This decision may help market to recover and would build up confidence in trade community. Even farmers would get better price where procurement centres are not available. It is a welcome step.

(21st Oct-2019) Nafed may start tur selling in Andhra Pradesh, Tamil Nadu, and Maharashtra & M.P. from 22nd Oct-2019.It may drag down tur price if volume remains higher. Right now tur is being traded at Rs 5250-5650 in various market. Nafed has over 8.53 lakh MT tur, that can fulfil two months demand. So, firmness is unlikely.

(17th Oct-2019) Govt. is likely to increase timeline for pulses import from 31st Oct to 30th Nov-2019. Request regard this has already been given to DGFT.


27/09/2017

Price & Arrival: Urad

State/District Market

Modal Price (Rs/Qtl)

Change

Arrivals (Qtl) Chang

e Source

31 Oct 2019

30 Oct 2019

31 Oct

2019

30 Oct

2019

Andhra Pradesh Guntur(Gota Branded)

10400 10400 Unch Close

d Close

d - Agriwatch

Andhra Pradesh Vijaywada 8000 7900 100 1500 2000 -500 Agriwatch

Tamil Nadu Villupuram 7299 NA - 1 NA - Agmarkne

t

Tamil Nadu Chennai 6875 6850 25 NA NA - Agriwatch

Tur



Change


e Source

31 Oct 2019

30 Oct 2019

31 Oct

2019

30 Oct

2019

Andhra Pradesh Yemmiganu

r NA NA - NA NA - eNAM

Andhra Pradesh Kurnool NA NA - NA NA - eNAM

Maharashtra Akola NA NA - NA NA - eNAM

Andhra Pradesh Vijayawada 4900 4850 50 NA NA - Agriwatch

Moong



Change


e Source

31 Oct 2019

30 Oct 2019

31 Oct

2019

30 Oct

2019

Rajasthan Jodhpur NA NA - NA NA - eNAM

Karnataka Gulbarga 6200 6200 Unch 1500 1500 Unch Agmarkne

t

Madhya Pradesh

Harda NA 6400 - NA 196 - Agmarkne

t

Andhra Pradesh Vijayawada 6500 6400 100 500 500 Unch Agriwatch

Chana



Change


e Source

31 Oct 2019

30 Oct 2019

31 Oct

2019

30 Oct

2019


27/09/2017

Andhra Pradesh Kurnool NA 3652 - NA 2 - eNAM

Andhra Pradesh Yemmiganu

r NA NA - NA NA - eNAM

Madhya Pradesh

Indore 4425 4350 75 2000 2000 Unch Agriwatch

Rajasthan Bikaner NA NA - NA NA - eNAM

Chana at NCDEX

Contract Open High Low Close Change Volume O.Int

19-Nov 4408 4461 4408 4459 54 16830 35570

19-Dec 4433 4468 4433 4435 35 12380 35670

20-Jan 0 0 0 0 0 0 0

As on 31st Oct -2019 at 5 pm Rs/Quintal


27/09/2017

Groundnut Recent updates:

In AP market, buyers are remain importing good quantity of Kernel from Gujarat states as quality is good compared to AP markets. Traders are buying Kernel at Rs. 82 per kg. now a days and seed at Rs. 130 to 140 per kg. lower against last week on account of good harvesting speed.

Recent rainfall on 29th Oct until next Morning damaged already harvested groundnut and sesame crops of the field in Saurashtra and Kutch districts. Farmers are in worries about rejection of their crops due to mismatch quality at the required standards by the State government. The Gujarat government will commence groundnut procurement from November 1, 2019. Mora than 5 lakh farmers have registered to take part in the procurement.

Developments that are still Influencing Markets: According to IOPEPC (The Indian Oilseeds and Produce Export Promotion Councils) survey

report, India is likely to harvest groundnut crop at 68.60 lakh tons during Kharif 2019 higher against 51.96 lakh tons in previous year. It expects higher groundnut’s yields at 1745 Kg/Ha compared to 1336 Kg/Ha for this season.

Groundnut seed and oil exports is expected to be high in this season as China is encouraging imports of groundnut oil instead of soybean oil. Relatively, Indian government has approved to bulk export of groundnut oil. Bumper groundnut crop expectation in India and lower crop prospectus in Africa will support Indian exporters to ship higher volume this year.

The state government in Andhra Pradesh may give compensation to those farmers who have suffered groundnut crop losses. So far, 63,000 farmers have been identified and Rs 75 crore has been paid to them. Rest farmers who are suffering crop loss, may get compensation at the month end or in November 2019.

As on 18th & 19th Oct 2019, Nafed sold total of 6120 MT of K-18 groundnut holdings. It disposed total 5.74 lakh Tonnes of groundnut K-18 and holds remaining balance at 1.40 lakh tonnes till date.

As per SOMA (Saurashtra Oil Mills Association), Farmers in Gujarat are likely to produce 30.19 lakh tonnes for the current season lower against 32 lakh tonnes in First Advanced estimates of government. However, it is significantly higher from 15 lakh tonnes in previous year record. Ample rainfall of this season helped the groundnut crop mainly in districts of Junagadh, Rajkot, Gir Somnath and Devbhumi Dwarka. Farmers have started to harvest their crops in a full speed now.

As per recent report of SEA, Groundnut crop for Kharif season is projected at 51 lakh tonnes for

this season in India which is 36.54% higher than 37.35 lakh tonne in previous year. The crop area

in Gujarat state is estimated at 15.52 lakh tonnes higher against 14.68 lakh hac. in 2018-19.

Total yield of the state is forecasted higher by 90.78% to 2070 kg. per hectare from 1085 kg. per

hectares in last year due to good rainfall of this season. Farmers in Gujarat may harvest total

32.15 lakh tonnes in 2019/20 which is just double against previous year record.

As per SEA of India latest report, the exports of Groundnut meal in September 2019 is reported at 101 MT, and total 586 MT from April -September, 2019 had been exported which is lower than 5737 MT from April-September 2018.

As per 1st advanced estimates of ministry report, Kharif groundnut crop size during 2019-20 may stand higher at 63.11 lakh tonnes against 53.63 lakh tons from its 4th advanced estimates on account of good rainfall at maturity time. However, it is reported lower from 75.95


27/09/2017

lakh tonnes in 2017-18. Good rainfall at maturity stage may improve groundnut crop yield of this season.

As per recent released data by GOI, total groundnut kharif sowing area all over the country is reported at 39.40 lakh ha. as on 4h Oct 2019 slightly lower by 1.09 lakh ha. from 40.49 lakh ha. in previous year. Farmers have sown 5.38 lakh ha. in Andhra Pradesh lower against 6.65 lakh ha. previous year, 15.52 lakh ha. in Gujarat higher against 14.68 lakh ha. previous year, 3.89 lakh ha. in Karnataka lower against 4.11 lakh ha. previous year, 1.93 lakh ha. in Tamilnadu against 1.70 lakh ha. previous year, 1.12 lakh ha. in Uttar Pradesh higher against 1.09 lakh ha. in previous year, 2.22 lakh ha. in Madhya Pradesh lower against 2.35 lakh ha. in previous year, 1.90 lakh ha. in Maharashtra lower against 1.96 lakh ha. previous year, 5.74 lakh ha in Rajasthan lower against 6.07 lakh ha, 0.05 lakh ha. in other parts of India higher against 0.01 lakh ha. Lower sowing area reported in few states compared to the previous year record due to declined monsoon activity in June month.

As per state agriculture department of Gujarat, groundnut yield is likely to increase up to 1800 kg/ha on account of good rainfall compared to last year record i.e. 1085kg/ha. Higher acreage and good rainfall will boost groundnut production in Gujarat this season. Similarly, government may buy groundnut at the rate of Rs. 1000 (per 20 kg) which is also one of the supportive news for groundnut growers.

Farmers in Telangana are suffering with less seed availability. Higher groundnut prices so far and ample water availability encourage growers to cover more Rabi sowing area. As per the sources, groundnut cultivation in Telangana is likely to increase on a large scale in the districts of Mahabubnagar, Nalgonda, Rangareddy and Medak during the current year due to availability of irrigation water.

As per Apeda report, India has exported total 154012 MT of groundnut with the value of Rs. 1220 crore during April to August (2019-2020) which is lower from 201193 MT of groundnut with the value of Rs. 1307 crore during April to August (2018-2019).

Price & Arrival:

Groundnut

State/District

Market Variety


Change

Arrivals (Qtl)

Change

Source 01-

Nov-19 30-

Oct-19

01-Nov-

19

30-Oct-19

Andhra Pradesh

Adoni 4889 4669 220 1343 1095 248 NAM

Kadapa Local 4417 4117 300 20 17 3 NAM

Kurnool 3419 4169 -750 486 897 -411 NAM

Yemmiganur 3780 4730 -950 365 191 174 NAM

Gujarat 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


27/09/2017

Onion Today’s Development:

Coming week for onion prices across the country are crucial and may increase abruptly as fresh

damaged crop is coming in market from Karnataka and Andhra Pradesh. Also fresh crop from

Maharashtra is delayed and also reported damaged because of recent rains.

Recent Developments that are still influencing the Market:

(31st Oct 2019) According to the news sources, the unseasonal rains could have damaged the onion crop in Maharashtra, this will hamper the prices in the coming days. The prices are expected to dropdown from mid-November.

(30th Oct 2019) The Karnataka government has issued a notification permitting the export of

9000 tons of Bangalore rose onion variety only until November 30. The exports shall be allowed

only through the Chennai port.

(29th Oct 2019) According to the IMD a red alert has been issued for the week in the coastal

region of Maharashtra, Telangana and Karnataka due to the upcoming cyclone “kyarr”. Thus,

some of the onion growing areas in the states can witness heavy rainfall.

(29th Oct 2019) The post-monsoon rainfall has severely affected the crop in Maharashtra and

Karnataka which might disrupt the supply and prices will eventually rise in the coming week

which is expected to dropdown after mid-November.

(29th Oct 2019) According to the trade sources, In Delhi 3 trucks have been offloaded from Egypt,

the onion traded at Rs.3000 – Rs.3250/quintal.

(24th Oct 2019) According to the IMD a red alert has been issued for today in the coastal region of Maharashtra and Karnataka. Thus, some of the onion growing areas in both the states can witness heavy rainfall.

(23rd Oct 2019) In Lasalgaon, the prices touchdown to Rs.2400 on 18th Oct with arrivals at 8000

quintals whereas on 22nd Oct the prices traded at Rs.3200 with only arrival of 2500 quintal,

because farmers fear of their onion not being sold so they are not bringing in their crop.

(23rd Oct 2019) According to the trade sources, lasalgaon and other markets reported closed on

21st Oct due elections.

Price and Arrivals in Major Markets

Onion

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

Source 31-Oct-19 30-Oct-19 Change 31-Oct-19 30-Oct-19 Change

Gujarat Ahmedabad 2550 2600 -50 451 763 -312 Agmarknet

Rajkot 2250 2000 250 120 200 -80 Agmarknet

Karnataka Bangalore 3250 3250 Unch 3458 2861 597 Agmarknet

Belgaum 1950 1850 100 2399 30 2369 Agmarknet

Madhya Pradesh Indore 3600 3200 400 532 1154 -622 Agmarknet

Maharashtra Lasalgaon 4100 3900 200 127 72 55 Agmarknet

Pune 1900 1500 400 687 1166 -479 Agmarknet

Andhra Pradesh Kurnool 2540 2500 40 430 400 31 Agmarknet

Rajasthan Jaipur 3150 3000 150 480 300 180 Agriwatch

Telangana Hyderabad 3150 2750 400 700 800 -100 Agmarknet


27/09/2017

Potato Today’s Development:

(No significant development for today)

Developments that are still influencing the Markets:

(31st Oct 2019) According to the trade sources, in Punjab the modal prices are trading at

Rs.650/quintal, whereas the new crop have started arriving which is trading near Rs.1200-

Rs.1500/quintal.

(30th Oct 2019) In West Bengal so far approximately 72-75% potato has been released compared

to 70% last year. Total stored potato is nearly 58.50 lakh tons.

(24th Oct 2019) According to trade sources in UP, approximately 65-67% potato has been released

from cold storages. Total storage in UP was 121.99 lakh tons compared to last year’s 111.65 lakh

tons.

(21stOct 2019) In West Bengal so far approximately 66% potato has been released compared to

62% last year. Total stored potato is nearly 58.50 lakh tons.

(17th Oct 2019) In Karnataka, as per the state government sowing under potato was completed in

15,794 ha from total targeted area of 21,181 ha. Last year sown area was 20,245 ha during same

time period.

(16th Oct 2019) According to the trade sources, in Delhi the modal prices are trading at

Rs.1291/quintal as compared to Rs.1367/quintal last year. The crop is coming from Uttarakhand,

Shimla, Uttar Pradesh, Punjab and small quantity from Karnataka.

(15th Oct 2019) In Gujarat, approximately 68% potato has been released by now compared to last

year’s release of 67% during same time. This year cold storages opened 2-3 weeks late compared

to last year. In Gujarat total storage capacity is approximately 28.75 lakh tons.

(11th Oct 2019) According to trade sources in UP, approximately 60% potato has been released

from cold storages. Total storage in UP was 121.99 lakh tons compared to last year’s 111.65 lakh

tons.

(25th sept 2019) In Karnataka, as on 16th Sept (Third week) sowing under potato was completed

in 15,529 ha as per the State government from total targeted area of 21,181 ha. Last year sown

area was 20,215 ha during same time period.

Price and Arrivals at Major Markets

Potato

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


Andhra Pradesh Palamaner 2500 2500 Unch 0.1 0.1 Unch NAM

Karnataka Bangalore 1600 1600 Unch 1132 1356 -224 Agmarknet

Belgaum 800 950 -150 180 173 7 Agmarknet

Gujarat Surat 1325 1325 Unch 640 650 -10 Agmarknet

Madhya Pradesh Indore 1000 1000 Unch 98 265 -168 Agmarknet

Maharashtra Pune 1600 1600 Unch 928 967 -39 Agmarknet

Delhi Delhi 1537 1524 13 1102 1219 -117 Agmarknet

Uttar Pradesh Agra 895 890 5 1475 1475 Unch Agmarknet


27/09/2017

Tomato

Today’s Developments:

Across the country, in the coming week tomato prices may increase abruptly as fresh damaged crop is coming in market from Karnataka and Andhra Pradesh.

Prices are likely to trade on higher side till mid-November and may start declining after that as fresh crop will pick pace.

Developments that are still influencing the Market: (30th Oct 2019) According to trade sources in Madanapalle on 29th Oct, the prices are traded at

Rs.2328/ quintal compared to previous week price of Rs.1552/ quintal. The prices are likely to

increase in the coming week as the rains in the coastal regions will hamper the supply.

(29th Oct 2019) According to the IMD a red alert has been issued for the week in the coastal region of Maharashtra, Telangana and Karnataka. Thus, some of the areas in the states can witness heavy rainfall, which might affect the prices with a sharp increase in the coming week.

(24th Oct 2019) According to the news sources, the central government has asked mother dairy to cut prices of tomato, presently in Delhi tomato prices are trading at Rs.2948/quintal compared to Rs.2841 previous day. The prices are likely to stay firm as the rains in the coastal states will hamper the supply.

(23rd Oct 2019) According to the IMD heavy rains have been witnessed in Hubli and some parts of Karnataka. This might disrupt the supply of tomato in the coming few days.

(23rd Oct 2019) The prices are likely to increase in the coming days as the rain will affect the quality of the tomato.

(21st Oct 2019) According to trade sources in Madanapalle, prices are trading near Rs.1724/ quintal compared to previous week price of Rs.1207/ quintal.

(21st Oct 2019) The prices are likely to trade range bound as IMD has forecasted rains in south interior Karnataka and Coastal Andhra Pradesh.

(17th Oct 2019) In Karnataka, as per the state government sowing under tomato was completed in

20,731 ha from total targeted area of 25,447 ha. Last year sown area was 19,937 ha during same

time period.

Price and Arrivals in Major Markets

Tomato

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


Andhra Pradesh

Mulakalacheruvu 1500 1500 Unch 145 197 -52 1500

Madanapalle 750 1200 -450 437 535 -98 1000

Kalikiri 2000 2000 Unch 50 8 42 NA

Pattikonda NA NA - NA NA - NA

Gurramkonda 1840 1160 680 141 115 26 3000

Karnataka Chintamani 1800 2000 -200 300 300 Unch NA

Kolar 1034 1467 -433 1168 996 172 1120

Maharashtra Pune 1500 1500 Unch 226 186 40 NA

Delhi Delhi 2992 2842 150 364 488 -124 2858

Telangana Bowenpally 2600 2600 Unch 313 313 Unch 2000


27/09/2017

Turmeric


Supply reported lower as Stockists were holding back their stocks.

Agriwatch estimate lower sowing area in Andhra Pradesh and Tamil Nadu growing regions due to lower rainfall at the time of sowing period.


Turmeric prices reported correction due to continuous supply in the spot market as result of higher production during current marketing year.

Good rainfall (during second half of monsoon) reported in major Turmeric growing regions in Maharashtra, Tamil Nadu, Andhra Pradesh and Telangana which was helpful for Turmeric standing crop also put cap on prices from higher levels.

Prices & Arrivals

NCDEX:

Turmeric at NCDEX

Contract Change Open High Low Close Volume O. Int

Nov-19 0.00 6144.00 6168.00 6114.00 6130 495 5060

Dec-19 +10.00 6170.00 6180.00 6128.00 6154.00 595 7505

Jan-20 -- -- -- -- -- -- --

As on 31 Oct, 2019 at 5:00 pm Prices in Rs/quintal, Volumes and Open interest in MT

Turmeric

State Market Variety Modal Price (Rs/Qtl)

Change Arrivals (Qtl)

Change Source 31-Oct-19 30-Oct-19 31-Oct-19 30-Oct-19

Andhra Pradesh

Duggirala Finger 5450 5250 200

209 604 -395 NAM Bulb 5290 5200 90

Kadapa Finger 5152 5198 -46

272 300 -28 NAM Bulb 4299 5242 -943

Telangana

Nizamabad Finger 5711 5830 -119

1052 3232 -2180 NAM Bulb 6329 6000 329

Warangal Finger 6500 6500 Unch

39 46 -7 Agriwatch Round 6200 6200 Unch

Tamil Nadu Erode Finger NA 6332 -

NA 77.2 - Agmarknet Bulb NA 5678 -


27/09/2017

Chilli


Exporters demand reported well from Teja variety from countries like China, Malaysia, Bangladesh and Sri Lanka etc.

Lower supply reported as Stockists were expecting further higher prices as cold storage stocks reported lower day by day.


As per trade information, chilli cold storage stocks as on date in Guntur stood at 45,000 to 49,500 MT lower from normal (in normal 94,500 to 99,000 MT) stocks, also in Andhra Pradesh around 67,500 to 72,000 MT (in normal 108,000 to 112,500 MT) according to various trade estimates. Current year cold storage stocks reported lower as carry forward stocks reported less.

Due to heavy rainfall in Karnataka chilli growing districts like Gadag, Haveri, Dharwad, Bagalkote and Belagavi chilli standing crop reported damaged. As per trade sources, affect percentage likely to be around 45 -50% till now, if rainfall will continue next couple of days affect percentage would be higher.

New crop supply entering Bedia spot market variety like Mico, Mahi and Teja. Sources revealed that, quality reported well.

Current year chilli prices reported up due to lower cold storage stocks at Guntur market. Guntur cold storage stocks reported lower by 40 - 45% from normal level due to lower carry forward stocks during current marketing year 2019-20. Next season new chilli supply likely to enter at Guntur market from January.

Prices & Arrivals Red Chilli

State Market Variety Modal Price (Rs/Qtl)



Andhra Pradesh

Guntur Teja 16200 16000 200 1142 1053 89 NAM

334 7500 12800 -5300 1529 994 535 NAM

Telangana Khammam Red 5000 NA - 10 NA - Agmarknet

Warangal Talu NA NA - NA NA - Agmarknet


27/09/2017

Maize


As per USDA, U.S corn exports reached 3.62 MMT in the 2019-20 marketing year. At 0.49 MMT (for the period 18th- 24th October, 2019) US corn exports were up 1 percent from the previous week but unchanged from the prior 4-week average; mainly for the destinations like Mexico (204,600 MT), Japan (112,800 MT), Saudi Arabia (73,300 MT), Honduras (37,800 MT), and Colombia (24,400 MT).

In Davangere region of Karnataka, due to recent rains, new crop arrivals are containing high moisture around 20-30% and being traded in a range of Rs. 1700-1900 per quintal (loose price). Arrival pressure is likely to increase in coming weeks which could weigh on market sentiments.

From the trade point of view, maize is being delivered to Tamilnadu at Rs. 2200 per quintal; sourced from Mysore and Hassan districts of Karnataka.

In Nizamabad, maize is likely to trade steady to slightly weak due to arrival pressure. However, Tamil Nadu feed makers demand could support the market at lower level. Maize is moving towards Hyderabad at Rs. 2350per quintal (Delivered price); while it is loading for Tamil Nadu at Rs. 2250 per quintal; soured from Nizamabad. Maize arrivals are containing high moisture due to recent rains and being traded at Rs. 1500 per quintal (loose price) at lower side.


In Chhindwara region of M.P, new crop arrivals of maize contains moisture around 14% to 22%; being traded in a range of Rs. 1600-1900 per quintal (loose price).

In U.S, Corn has matured 93% as of 27th October, 2019 which is lower by 7% compared to last year. It has harvested 41% which is also lower by 20% compared to last year. However, 58% crop of Corn is in good to excellent condition which is higher than 2% compared to last week.

U.S corn exports reached 3.13 MMT in the 2019-20 marketing year. At 0.49 MMT (for the period 11th- 17th October, 2019) US corn exports were down 12 percent from the previous week but up 11 percent from the prior 4-week average; mainly for the destinations like Mexico (209,400 MT), Colombia (175,500 MT), Japan (39,100 MT), Costa Rica (33,200 MT), and Honduras (14,800 MT).

Meanwhile, it is moving towards U.P at Rs. 2200-2250 per quintal and M.P at Rs. 2300-2350 per quintal; sourced from Naugachia region of Bihar.

As per trade sources, Vessel (ABK TIGER) with 27,200.00 tonnes of corn expected to arrive at Kandla port on 24th October, 2019.

As per trade sources, India exported around 11,343 MT of maize for the month of September’19 at an average FoB of $326.99/ MT. Out of which, around 8,040 MT Indian maize was exported mainly to Nepal mainly through Jogbani ICD followed by Sonauli ICD and Bhimnagar port.

In A.P, maize has been sown in around 0.94 lakh hectares as of 15th October’19 which is lower than 1.04 lakh hectare covered during corresponding period last year. Maize sown area is 99.5% to season normal and at cob formation stage. In Anantapuram, Krishna, Vizianagaram and Srikakulam districts, around 4,084 hectare area is affected by Fall army worm and Stem borer; out of which 3,625 hectare area is treated.

USDA decreased its world corn ending stock estimates by 3.72 MMT to 302.55 MMT for 2019/20 compared to previous month due to decrease in imports and production estimates for 2019/20. Corn ending stock estimates for U.S also decreased by 6.63 MMT to 48.99 MMT for 2019/20 while for Ukraine, it decreased its corn ending stock estimates by 0.4 MMT to 0.83 MMT compared to previous month estimates.


27/09/2017

In India, maize has been sown in around 82.44 lakh hectares as of 04th Oct’19 which is higher than 80.20 lakh hectare covered during corresponding period last year. In M.P, maize has been sown in around 15.42 lakh hectares which is higher than 13.61 lakh hectares covered during corresponding period last year. In Rajasthan, maize has been sown in around 8.84 lakh hectares which is higher than 8.71 lakh hectares covered during corresponding period last year. In Karnataka, it has been sown in 12.20 lakh hectare which is slightly lower than 12.03 lakh hectare covered during corresponding period last year.

As per trade sources, India imported around 9,731 MT of maize for the month of August’19. Out of which, around 7,136 MT was imported from Myanmar for the Chennai port at an average value of $284.22/ MT. Meanwhile, around 1,466 MT was imported from Ukraine for the Kandla port at an average value of $203.47/ MT.

In Telangana, it has been sown in 3.92 lakh hectare as of 25th September’19 which is lower than 4.62 lakh hectare covered during corresponding period last year. Maize sown area is 78% to season normal and its sowing is almost completed. Maize crops are at taselling to cob formation stage. Fall army warm and Locust is below ETL level in Mahboobnagar, Gadwal, Janagoan, Siddipet, Medak and Khammam districts.

As per 1st advanced estimates for 2019-20, released by Ministry of Agriculture, production of

maize for kharif season is estimated at 19.89 MMT. However, Agriwatch expects maize

production for this Kharif season at 18.86 MMT with the expected yield of 2214.14 kg/ hectare.

As per trade sources, in mahboobnagar district of Telangana, total yield could be affected around 20-25% due to pest and untimely rainfall while in janagoan district, crop yield could be affected around 5-10%.

As per trade sources, Vessel (OCEAN CROWN) at berth with 49,999.00 tonnes of corn has

discharged at Tuticorin port on 22nd September, 2019.

As per trade sources, in hubli-dharbad, and belgaum districts of Karnataka, total crop loss, due to heavy rainfall, could be around 15 to 20%. In shimoga, bagalkot and bijapur districts; crop loss could be around 5 % in each districts while in chikmagalur district; crop loss could be around 2%.

As per trade sources, in Sangli region of Maharashtra, around 15% crop loss could be due to flood while in Aurangabad, around 5-10% yield could be affected due to dry spell.

As per media report, Government has allowed another 4 lakh tonnes of feed grade Maize(dent

corn) to be imported under TRQ @ 15 % custom duty for actual users. Earlier, Government

allowed 1 lakh tonnes of feed grade Maize (corn) under TRQ wherein MMTC and NAFED each

were allowed to import 50,000 tonnes of corn for poultry firms during the financial year 2019-

20; starting from April 1.

Prices & Arrivals:

Maize

State/ District

Market Grade Modal Price (Rs./Qtl)



Telangana Nizamabad Bilty 2250 2250 Unch 12000 15000 -3000 AGRIWATCH

Bihar Gulabbagh Bilty NA NA - NA NA - AGRIWATCH

Karnataka Davangere Bilty Closed Closed - Closed Closed - AGRIWATCH

Delhi Delhi Loose 2100 2100 Unch NA NA - AGRIWATCH

Andhra Pradesh Kurnool Loose NA 1572 - NA 12 - ENAM

*Difference between current and previous day’s prices.


27/09/2017

Sugar


Kolhapur sugar market stood at Rs.3250/q and U.P’s Khatauli market prices stood at Rs.3470/q. Overall the prices are expected to be steady to low in Indian markets.

Maharashtra is likely to commence crushing not before 15th Nov’19 as directed by the state government. This time the number of private and cooperative sugar mills licensed for crushing sugarcane is lower than last year and is expected to fall sharply. Around 159 have applied for license whereas this season as compared to the previous season of 195 mills. Due to the lower crop, because of excess rains in western Maharashtra and drought in Marathwada, the number of sugar mills for crushing has come down. Sugarcane crop has been badly damaged due to floods in western Maharashtra, due to lack of water in Marathwada, the crop has been affected.

Today’s Developments that are still Influencing Markets:

(30th Oct 2019) Sugar mills have partially started preparations for crushing operation, but will commence in full swing from November 15 onwards. There are about 534 sugar mills in the country. The government has fixed fair and remunerative price (FRP) of sugarcane at Rs. 2.75/quintal for the current marketing year. Farmers in many states such as Andhra Pradesh, Karnataka and Maharashtra, are paid on the basis of the FRP set by the Centre. Whereas in Uttar Pradesh, Punjab, Tamil Nadu and other states have a State Advised Price (SAP). Sugarcane production is estimated to be lower at 377.77 million tonnes in the 2019-20 crop year (July-June) as against 400 million tonnes last year.

(29th Oct 2019) UP government is likely to invest Rs.160 crore to create ethanol production capacity of 53 million litres. In order to adopt greener fuels and to cut down the oil imports, the ethanol would be supplied to Oil Marketing Companies (OMCs). UP Cooperative Sugar Mills Federation Limited have an installed capacity to produce 35 million litres and 13.5 million litres of ethanol and rectified spirit respectively. In 2019, the ethanol production is subsequently to rise by at least 5% (estimated at 3300 million litres in 2019) as already procurement of 910 million litres have been booked earlier in the beginning of the season.

(23rd Oct 2019) Sugarcane factories in Uttar Pradesh have started sugarcane sowing. But the mills still have the arrears to be paid to the farmers which is causing hindrance in thought of sowing sugarcane. The millers have demanded the state government to give the subsidy of Rs.30/q to the farmers to pay the dues. As the sugar industry is facing crisis with not been able to fulfil the payment dues to the farmers as the problem lies in the higher cost of making sugar around Rs.34-35/kg than they receive at Rs.31/kg. Also the UP government had earlier fixed the reserve quota for molasses from 12.5% to 16% for the state manufacturers of country made liquor to maintain adequate supply of molasses for distilleries to produce country liquor. The millers have strongly opposed reservation of molasses, claiming it is a vital by-product and the revenue generated by it contributes towards sugarcane payments to farmers.

(22nd Oct 2019) The Karnataka government has given the sugar mills a deadline to clear all the sugarcane arrears to be given to the farmers on or before 5th of November. 23 factories in Belagavi district have a total arrears of Rs.84 crore to be paid to farmers out of which 99 % of arrears have been paid to farmers. Also the government likely to take action against factories that had not renewed their license for this year. The State government is also set to decide on a demand for a ban on transporting sugarcane to neighbouring States on 10th Nov’19.

(22nd Oct 2019) Sep month sugar exports of Brazil stood at 17.19 LT higher than previous month which was 15.62 LT (Aug) at $281/tonne but lower compared to previous year’s exports which


27/09/2017

stood at 25.22 LT (-32%). The major export destination for Brazil were Algeria, China, Saudi Arabia, Bangladesh and Nigeria in the current season (April’19-Mar’20) for Brazil.

(21st Oct 2019) Mansoorpur sugar mill in Muzaffarnagar district is likely to start crushing by 30th Oct’19. Sugar mills of Uttar Pradesh are preparing to start new crushing season. Sugarcane procurement centers are also being set up for farmers. Many mills are due to start a little late due to rain. With the central government boosting sugar exports, many sugar mills are coming forward for increased sugar exports, which has given some relief to the mills from the problem of economic liquidity.

(18th Oct 2019) India is driving towards exporting as much sugar possible in 2019-20 after the announced subsidy by the government which will move down the global sugar prices. India has been exporting old season sugar stock to Iran. India have contracted to export to Iran about 350,000 tonnes of sugar for shipments in October to December at about $302/tonne FOB. And contracted another 150,000 tonnes from Sri Lanka, Afghanistan and African countries at around $315/ tonne for shipments in the last quarter of 2019.

(16th Oct 2019) Malaysia is looking forward to enhance the bilateral trade with India and

reducing the trade tensions between the two countries. Malaysia is planning to import more raw

sugar in the coming year 2020 amid reports India is considering restricting imports of palm oil

from Malaysia. Malaysia's exports to India were worth $10.8 billion in the fiscal year that ended

on March 31, while imports totalled $6.4 billion which shows that India is one of the major

revenue generator for Malaysia.

Prices :

Sugar (M grade)

State/ District Market

Modal Price (Rs /Qtl)

Change Source 31-Oct-19 30-Oct-19

Maharashtra Kolhapur 3250 3300 -50 AW

Uttar Pradesh Khatauli 3470 3475 -5 AW

Andhra Pradesh Vijayawada 3720 3720 Unch AW

Delhi Delhi 3325 3360 -35 AW


27/09/2017

Cotton Today’s Developments:

The domestic Adoni market as well as Rajkot market was closed on the occasion of Diwali.

According to the Cotton Corporation of India, the total arrivals till 28th Oct’19 stood at 12.33 lakh bales. Out of which Rajasthan is leading with 3.77 lakh bales followed by Haryana with arrivals of 3.75 lakh bales, Gujarat with 1.38 lakh bales and 1.28 lakh bales as on date. The arrivals from Maharashtra (35,000 bales), Telangana (29,000 bales) and AP (31,000 bales) declined compared to the previous year at the same time due to disruptions caused by rainfall from last week in the cotton belts.

Recent Developments that are still Influencing Market:

(31st Oct 2019) Rain in Maharashtra, Telangana and AP excess by 45% since last 10 days and more showers likely to continue this week. The southern parts of Madhya Pradesh also recorded heavy rainfall at one or two places with moderate rainfall. In Telangana, the fiber output was expected to be around 45-50 lakh bales as against 36-40 lakh bales in a normal year. But incessant rains in the last five-six weeks have shattered their hopes. CCI has announced to start kapas buying from 10th Nov onward in AP. Farmers have hold back kapas in anticipation of getting better realisation. As a result of this arrivals have dropped to 50% and is still likely to drop further. This may result in unhealthy competition and increase the price of kapas across all the variety.

(30th Oct 2019) Many spinning mills are on the verge of closure as since April as the exports of cotton yarn declined by 38.8%. Cotton yarn is the only product that hasn't been granted export benefits such as Merchandized Export Incentive Scheme (MEIS) and 3% Interest Equalization Scheme. Additionally, exporters of cotton yarn are facing differential import duties between 3.5 and 5 per cent in leading export markets. Also the consumer demand has declined and in contrast the demand for polyester yarn has been growing strongly as compared to natural fiber as polyester is much cheaper (by around 40-50%) than cotton fiber. Therefore, the government should include cotton yarn under the MEIS, 3% Interest Equalization Scheme and the ROSCTL (Rebate of State Levies & Taxes) Scheme so that exports of cotton yarn increase to China, Bangladesh, Vietnam, South Korea, Colombia and Turkey.

(29th Oct 2019) CCI is prepared to start procurement of cotton in Andhra Pradesh in the second week of November to ensure minimum support price to the farmers. Joint collector of Pithapuram of Kakinada district said that cotton farmers should register themselves in e-crop about the details of the cotton produced. Cotton will not be purchased if the moisture content exceeds 12% as per the government instructions.

(26th Oct 2019) The textile exports from the country increased by 2.95% during the first quarter of the current fiscal year compared to the corresponding period of the last fiscal year. The textile exports during July-September (2019-20) were recorded at $3371.974 million against the exports of $3275.303 million during July-September (2018-19), a growth of 9.95%. EU and Pakistan has joined hands to improve the textile exports in Pakistan. Buyers in Pakistan are active in buying quality cotton which has risen the prices to Rs.9500/maund, a rise of Rs.200 of premium quality cotton.

(23rd Oct 2019) Yavatmal region one the major cotton-producing districts covering around 4 lakh ha in the state usually grows dry cotton due to lack of rainfall in the region, therefore, most of the times the productivity is uncertain. This year the area has received the untimely rainfall and prolonged monsoon is likely to affect the cotton yield. Every year, the first picking is taken before Diwali but this time due to incessant rainfall have delayed the picking of cotton.


27/09/2017

(22nd Oct 2019) The stagnant water from incessant rains in past few days in the cotton fields across Nagarkurnool district would affect the overall production of the state if the rains still continue. The deficiency of magnesium one of the essential micronutrient for the boll formation is observed in the district. The nutrient can be revived if the local KVKs transfer the necessary curative measures to the famers by draining out the stagnant water and followed by applying magnesium sulphate.

(22nd Oct 2019) Trading activity in Pakistan gave momentum to the prices to surge. Textile industries have booked the cotton in bulk as expecting the shorter crop this year. The revised production estimate would be 15 percent down from 12 million bales produced last year. Nearly 40-45 percent crop has already arrived in ginning factories till September 30, which was 26 percent down compared to the corresponding period last year and short of 1.6 lakh bales.

(21st Oct 2019) According to USDA’s latest report, India is going to top in the cotton cultivation globally. USDA has estimated India’s cotton crop at 293 lakh US bales for the marketing year 2019-20 which is 376 lakh Indian bales (each of 170Kg). Significant rains in the past month has led to moderate to good crop condition in growing regions, likely to improve yield prospects mostly in Southern States. According to the Ministry of Commerce, Cotton yarn shipments remain at historic lows with China and Bangladesh while Egypt and Peru remain the top markets. Trade sources indicate that shipments in August are also very slow.

(18th Oct 2019) The cotton markets at Sirsa in Haryana and Hanumangarh in Rajasthan are closed due to the strike by the farmers as CCI is not procuring cotton after the commencement on 11th Oct’19. CCI is avoiding purchasing cotton making an excuse of higher moisture percentage above 12% in the three states as always CCI enters the market when the prices moves below MSP. Till 16th Oct’19, CCI purchased only 6,520 quintals of cotton so far from Punjab, Haryana and Rajasthan whereas 7 lakh bales have arrived in the mandis.

Prices:

Cotton

State/ District Market

Modal Price (Rs /Qtl)

Change

Arrivals (Qtl)


Gujarat Rajkot Closed Closed - Closed Closed - Agriwatch

Andhra Pradesh Adoni

Closed Closed - Closed Closed - Agriwatch

Andhra Pradesh Guntur NA NA - NA NA - NAM

Andhra Pradesh YEMMIGANUR NA NA - NA NA - NAM


27/09/2017

Palm Oil


Palm oil prices are expected to be supported by expectation of fall in end stocks of palm oil in

Malaysia, slowdown of production of palm oil in Malaysia, rise in exports of palm oil from

Malaysia, dry condition in Indonesia, depreciation of ringgit and rise in crude oil prices. Palm oil

end stocks are expected to fall in Oct in Malaysia on rise in exports of palm oil from Malaysia in

Oct and slowdown in production of palm oil in Malaysia in Oct. Palm oil production is expected

to rise in Malaysia on seasonal uptrend of production but at a lower rate due to lower use of

fertilizers on lower prices of palm oil, lower production due to haze in some areas as it restricted

oxygen needed for palm to mature. Palm oil exports rose from Malaysia in Oct on firm demand

from top importing destinations especially EU and China while imports from India will remain

muted in coming weeks. Demand firmed from EU in anticipation of higher prices of palm oil.

Imports of palm oil rose from China due to lower imports of soybean by China leading to lower

supply of soy oil in the country leading to higher imports of palm oil. Imports of palm oil by India

from Malaysia slowed in Oct due to strong imports of palm oil in last 3 months and higher stocks

of palm oil at Indian ports. However, due to India-Malaysia tussle on Kashmir issue will slow

palm oil imports. Stocks of palm oil has surged in Indonesia in August to reach 3.8 MMT on

lower exports and higher production. However, due to India-Malaysia and removal of export

duty on palm oil and higher use of palm oil in biodiesel will lower end stocks of palm oil in the

countries in coming months.


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

Oct 1-25 palm oil exports fell 9.0 percent to 291,575 tons compared from 273,360 tons in

corresponding period last month. Top buyers were European Union 291,575 tons (273,360

tons), China at 243,738 tons (179,770 tons), India at 148,870 tons (240,980 tons), United States

at 46,100 tons (57,862 tons)and Pakistan at 40,000 tons (27,050 tons) and. Values in brackets

are figures of corresponding period last month.

(29 Oct 2019)- Indian palm oil buyers have stopped booking palm oil cargoes from Malaysia on

reports that India may restrict palm oil imports from Malaysia in retaliation for its support on

Kashmir issue ay United Nations. Edible oil trade body Solvent Extractor Association of India

(SEA) has asked its members to stop imports from Malaysia on Kashmir issue. However, in

Indian official statement India has asked Malaysia to introspect on Kashmir issue and has said

that trade should not suffer due to standoff. Trade treaty RCEP is expected to be signed

between 16 countries which include India and Malaysia, so any major trade policy uncertainty

by India is ruled out. Further, Malaysia has said that it will purchase more sugar and buffalo

meat for concession on palm oil import restrictions.

(23 Oct 2019)- Port Position in Andhra Pradesh- As per trade sources, two vessel is at birth for

discharge at Krishnapatnam port with CPO with total capacity of 14,519 tons. One vessel is

expected to arrive at Krishnapatnam ports with CPO with total capacity of 5100 tons. So, total

vessel position of CPO at ports in Andhra Pradesh stands at 19,600 tons.


27/09/2017

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

and PKO) from Indonesia fell 15.38 percent in August y-o-y to 2.53 MMT from 2.99 MMT in

August 2018. Exports of palm oil (CPO and PKO) rose marginally m-o-m in Aug at 2.53 MMT

compared to July 2019 at 2.51 MMT. Stocks of palm oil in Aug 2019 rose to 3.8 MMT from 3.51

MMT in July 2019, higher by 8.26 percent m-o-m.

(16 Oct 2019)- Crude Palm oil import scenario- According to Solvent Extractors Association

(SEA), CPO Imports fell 9.77 percent y-o-y in September to 6.00 lakh tons from 6.65 lakh tons in

September 2019. Imports in oil year 2018-19 (November 2018-September 2019) were reported

higher by 0.6 percent y-o-y at 58.86 lakh tons compared to 58.50 lakh tons in corresponding

period last oil year.

(16 Oct 2019)- RBD palmolein import scenario- RBD palmolein imports rose 7.76 percent y-o-y in

September to 2.64 lakh tons from 2.45 lakh tons in September 2018. Imports in oil year 2018-19

(November 2019-September 2019) were reported higher by 30.67 percent y-o-y at 26.12 lakh

tons compared to 19.99 lakh tons in corresponding period last oil year.

(15 Oct 2019) Malaysia has planned to cut export duty on exports of crude palm oil from 2020,

according to Malaysian Finance ministry. Export duty will start from 3 percent in place of 4.5

percent when prices are between RM 2,250 (USD 538.54) to RM 2,400 per ton. Export duty will

rise to 4.5 percent in prices between RM 2,401 to RM 2,550 per ton and prices will rise by 0.5

percent incrementally to maximum of 8 percent until the prices reach RM 3,450 per ton. This

measure has been taken to reduce rising palm oil stocks in Malaysia and compete with

Indonesia CPO in global market.

(10 Oct 2019) - According to Malaysia Palm Oil Board (MPOB), Malaysia’s September palm oil

stocks rose 9.27 percent to 24.48 lakh tons compared to 22.41 lakh tons in August 2019.

Production of palm oil in Sep rose 1.15 percent to 18.42 lakh tons compared to 18.22 lakh tons

in Aug 2019. Exports of palm oil in Sep fell 18.77 percent to 14.10 lakh tons compared to 17.36

lakh tons in Aug 2019. Imports of palm oil in Sep rose 39.28 percent to 0.71 lakh tons compared

to 0.51 lakh tons in Aug 2019. End stocks of palm oil rose more than trade expectation on lower

exports.

(27 Sep 2019) - According to Indonesia trade ministry, Indonesia kept Oct crude palm oil export

duty unchanged at zero. The reference price is set at USD 575.9 per ton, lower than lower

threshold for export duty below USD 570 to calculate export levy. Indonesia taxes palm oil

above trigger price of USD 750 per ton. Indonesia has kept crude palm oil export duty at zero

since May 2017.

(23 Sep 2019) - According to Malaysia Palm Oil Board (MPOB), Malaysia kept Oct crude palm oil

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

2145.75 ringgit per ton. Tax is calculated above 2,250 ringgit starting from 4.5 percent to a

maximum of 8.5 percent.

Prices:

Palm Oil Prices (In Rs./ 10 Kg)

State/District Market 31 Oct 2019 30 Oct 19 Change Source

Crude Palm Oil (FFA 5%)

Gujarat Kandla 582 576 6 Agriwatch


27/09/2017

Andhra Pradesh Krishnapatnam 587 585 2 Agriwatch

RBD Palmolein

Gujarat Kandla 655 655 Unch Agriwatch

Andhra Pradesh Kakinada 655 645 10 Agriwatch

Andhra Pradesh Krishnapatnam 655 650 5 Agriwatch


Futures prices of CPO at MCX:

Palm Oil at MCX

Contract Open High Low Close Change Volume(Lots) O.Int

31-Oct-19 580.70 582.50 579.40 582.00 1.90 886 404

30-Nov-19 590.00 596.10 586.70 587.90 -4.50 1926 5845

31-Dec-19 597.00 602.00 593.10 593.90 -4.10 753 1426

As on 31-Oct-2019 at 9 pm Rs/10 Kg


27/09/2017

Sunflower oil


No significant development today


(29 Oct 2019)-Sunflower oil premium over soy oil at CNF markets have decreased to $-1 per ton

from $14 per ton last week and premium in domestic markets have reached to Rs 70 per 10 kg,

up Rs 75 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein is at Rs

170 per 10 kg vs Rs 200 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.

(23 Oct 2019)-Port Position in Andhra Pradesh- As per trade sources, one vessel is at berth for

discharge at Kakinada port with crude sunflower oil (CSFO) with total capacity of 3,989 tons.

One vessel with sunflower oil is expected to arrive at Krishnapatnam port with total capacity of

3000 tons. So, total vessel position of crude sunflower oil at ports in Andhra Pradesh stands at

6,989 tons.

(21 Oct 2019)-Sunflower oil imports scenario- According to Solvent Extractors Association (SEA),

Sunflower oil imports fell 15.33 percent y-o-y in September to 1.27 lakh tons from 1.50 lakh tons

in September 2018. Imports in oil year 2018-19 (November 2018-September 2019) were

reported lower by 7.43 percent y-o-y at 21.92 lakh tons compared to 23.68 lakh tons in

corresponding period last oil year.

(11 Oct 2019)-Sunflower oil premium over soy oil at CNF markets have decreased to $14 per

ton from $25 per ton last week and premium in domestic markets have reached to Rs 75 per 10

kg, up Rs 67 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein is at

Rs 220 per 10 kg vs Rs 245 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 830 830 Unch Agriwatch

Andhra Pradesh Krishnapatnam 810 810 Unch Agriwatch

Andhra Pradesh Kakinada 810 810 Unch Agriwatch



27/09/2017

Groundnut oil

Today’s Developments

No significant development today


(22 Oct 2019)- Groundnut oil prices are expected to be underpinned by weak demand. Demand

will weaken on expectation of higher groundnut crop due to good rains and adequate harvesting

condition leading to postponement of demand. NAFED sale of groundnut has picked leading to

higher supply of groundnut for crushing leading to lower prices of groundnut oil. Retail demand

is expected to fall due to higher prices of groundnut oil and high volatility in groundnut oil

prices. Further, exports of groundnut is weak due to higher prices of groundnut leading to

diversion of groundnut towards crushing leading to lower groundnut oil prices.

In Andhra Pradesh, prices will stay moderated as demand season is over. However, prices may

rise due to parity with Gujarat and demand ahead of festivals. Stocks position of groundnut oil is

weak. Retail demand has weakened due to higher prices of groundnut oil. Most of the oils

arriving in market are from Gujarat. High premium of groundnut oil over sunflower oil and palm

oil will cap gains in prices.

(3 Oct 2019)- Groundnut oil prices are expected to be supported by demand ahead of festivals

and deteorating condition of groundnut crop. Demand is firm due to rains in groundnut growing

regions in Gujarat has led to chances of crop loss, has led to preponing of demand. NAFED sale

has picked up leading to higher supply of groundnut leading to higher supply of groundnut oil

may lead to lower prices of groundnut oil. Retail demand has improved due to fall prices. There

is no parity in all variety of groundnut oil. Medium quality oil is moving towards Andhra Pradesh

at Rs 980-100 per 10 kg.

In Andhra Pradesh, prices will stay moderated as demand season is over. However, prices may

rise due to parity with Gujarat and demand ahead of festivals. Stocks position of groundnut oil is

weak. Retail demand has weakened due to higher prices of groundnut oil. Most of the oils

arriving in market are from Gujarat. High premium of groundnut oil over sunflower oil and palm

oil will cap gains in prices.

(12 Sep 2019)- Groundnut oil prices are expected to weaken on higher prices of groundnut oil.

Demand is weak due to rains in groundnut growing regions in Gujarat, thereby leading to

postponement of demand. Rains has improved groundnut condition in Gujarat which is

expected to improve yield. NAFED sale has picked up leading to higher supply of groundnut

leading to higher supply of groundnut oil has led to lower prices of groundnut oil. Retail demand

has weakened due to higher prices and high volatility in prices. However, demand is expected to

rise towards in near term on festive demand supporting prices. There is no parity in all variety of

groundnut oil. Medium quality oil is moving towards Andhra Pradesh at Rs 940-980 per 10 kg.

In Andhra Pradesh demand has weakened as peak demand season is over. Stocks position of

groundnut oil is weak. Retail demand has weakened due to higher prices of groundnut oil. Most


27/09/2017

of the oils arriving in market are from Gujarat. High premium of groundnut oil over sunflower oil

and palm oil will cap gains in prices.

Prices:

Groundnut Oil Prices (In Rs./ 10Kg)


Gujarat Rajkot 1080 1050 30 Agriwatch

Telangana Hyderabad 1025 1025 Unch Agriwatch

Tamil Nadu Chennai 1030 1030 Unch Agriwatch



27/09/2017

RICE

Today’s Developments: Government procurement of paddy in Haryana will resume. So far, government procurement of

55.19 lakh tonnes of paddy has been done from Haryana against the target of 54 lakh tonnes in

MY -2018-19. According to the Department of Food, Civil Supplies and Consumer Affairs of

Haryana, out of the total arrivals, the Food Civil Supplies and Consumer Affairs Department

procured 30.59 lakh tonnes, Hafed 16.95 lakh tonnes, Haryana Warehousing Corporation 7.62

lakh tonnes and Food Corporation of India 2,279 tonnes have purchased.

Recent Developments that are still influencing the Markets:

(24nd Oct 2019) Purchase of paddy in Karnal, Haryana has been stopped for the last 4 days due to which farmers are facing problems. Paddy is visible everywhere in the mandis. According to the Karnal Market Committee, a total of 42 lakh quintals of paddy had arrived last year, which has now reached 43 lakh tonnes. The arrival of paddy may continue for another 15-20 days, which means that the production of paddy is more than that of last year.

(22nd Oct 2019) Nearly 20.9 lakh metric tonne paddy procured in Punjab mandis. The govt. agencies and private millers have procured 20.9 LMT of paddy from the varoius mandies across the state. Govt. agencies have procured 2035766 MT and 55130 MT by private millers. PUNGRAIN has purchased 796027 MT, MARKFED 545746 MT, PUNSUP391387 MT, Punjab State Warehousing Corp. 264783 MT and FCI 37823.

(18th Oct 2019) The performance of the export of this important food grain from India, the world's largest exporter of rice and the second most important producing country, is going down significantly this time as compared to last year. According to the official data obtained, in the five months of April to August in the year 2018, more than 51.83 lakh tonnes of rice was exported from the country, which fell to about 14 lakh tonnes to 37.91 lakh tonnes in the same months of the current year. Under this, basmati rice exports fell from 18.54 lakh tonnes to 16.65 lakh tonnes and non-basmati rice exports dropped from 33.29 lakh tonnes to 21.26 lakh tonnes. The government had provided a subsidy of 5 per cent on exports of non-basmati (normal) rice during the last financial year, giving exporters the opportunity to keep their rice prices at competitive levels but this time with minimum support for paddy despite the increase in prices, subsidy on rice exports has not been announced so far. As a result, demand in African countries has weakened. As far as basmati rice is concerned, its exports are being affected due to the almost termination of the Agri-Products agreement with Iran for petroleum. It may be noted that Iran is the main buyer of Indian basmati rice, but after May its imports there have been steadily decreasing due to its own rice production.

(16th Oct 2019) According to Andhra Pradesh Agriculture Ministry, 5 types of pests attacked 1 lakh

acre crop of 4 districts of the state. More than 1 lakh acres of crop in Krishna, Viziangram, East

Godavari and Prakasam districts affected by rice blast, BPH, stem borer and leaf folder pest. Rice

blast can cause more damage to rice blast. This could hamper the yield of paddy and thus overall

rice production may affect.

(14th Oct 2019) Crop Production Estimates: As per the 01st Advance Crop Production Estimates 2019-20, Kharif Rice 2019-20 is estimated at 100.35 million tons. This is lower than the last year’s production of 102.13 million tons. The 2018-19 Rabi season Rice production is estimated at 14.29 million tons as against 15.62 million tons last year. Total Rice production in 2018-19 is estimated at 116.42 million tons as against 112.76 million tons in 2017-18.


27/09/2017

(12th Oct 2019) 5 lakh tonnes of paddy arrived in the Karnal region of Haryana, out of which 3.6 lakh tonnes of paddy was purchased by the Food and Supply Department 97120 tonnes Hafed and 42667 tonnes by HSWC. Paddy piled into the mandis as government sales slowed due to storage problem.

(07th Oct 2019) Saudi Arabia's tightening of rice import rules may affect rice exports from India. Earlier the Indian rice industry is already facing trouble in terms of exports due to the ban on Iran, Saudi Arabia has implemented a new system for quality control from 1 September 2019. A certificate of quality is required for each batch. Only 2 agencies have been allowed to issue COC for rice exports from India.

(3rd Oct 2019) Government procurement of paddy has started since October 1, but FCI rice sales are weak, the stock of food grains has increased in the go downs compared to the previous year, due to lack of space.

(3rd Oct 2019) More than 20 shipwrecks were trapped after the US imposed a sanction on Iran.

The pressure of arrival of paddy in the mandi of Uttar Pradesh has not been formed yet, the rain

on the standing crop has damaged the paddy crop.

(30th Sept 2019) Punjab targets paddy procurement of 170 lakh tonnes. Punjab CM has

directed the Food Department to obtain all receivables from GoI and FCI at the earliest, to

ensure that the Cash Credit Limit (CCL) is availed in time for the smooth procurement of

Paddy. The Chief Minister was reviewing the arrangements for the procurement season,

beginning from October 1. With 29.20 Lakh hectares of area under paddy cultivation,

Punjab is targeting procurement of 170 Lakh Metric Tonnes, requiring CCL to the tune of

Rs. 34,500 Crores in Kharif Season 2019-20.

(30th Sept 2019) On September 25, under Maharashtra FCI OMSS scheme, 50 metric tons of rice at

Rs.2,790 per quintal. FCI sold 4,300 metric tons of rice from Jammu and Kashmir at Rs.2,785 per

quintal . Under the FCI OMSS scheme, on September 25, 30,000 metric tons of rice was sold from

Karnataka at a price of Rs 2,785 per quintal.

(26th Sept 2019) The Haryana Chief Minister gave permission to purchase paddy till September 25,

before the conduct of election conduct in Haryana. Realizing the situation first, the Haryana

Government wrote a letter to the Central Government on September 17, requesting that

government procurement be started soon. The Central Government gave approval to allow

purchase of Kharif season from 1 October to 15 December from 25 September to 15 December.

Circular is yet to come.


27/09/2017

Prices & Arrivals

Rice

State/ District

Market Variety Modal Price (Rs /Qtl)


Change Source

30 Oct 2019

29 Oct 2019

30 Oct 2019

29 Oct 2019

CHHATTISGARH

BALOD PADDY-SWARNA MASOORI

2100 2100 unch 5500 5000 500 E-nam

CHHATTISGARH

BHATAPARA

PADDY-HMT

2120 2110 10 4000 2100 1900 E-nam

CHHATTISGARH

BALOD PADDY 1001

1850 1870 -20 500

600 -100 E-nam

TELANGANA BADEPALLY

Paddy RNR 1830 1810 20 500 420 80 E-nam

TELANGANA MAHBUBNAGAR

RNR 1760 1770 -10 500 280 220 E-nam

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

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