Post on 10-Oct-2020
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Pulses Today’s developments: (No new developments today) Recent Developments that are still Influencing Markets:
(22nd June 2019) Over all kharif pulses area is lagging behind by 49.70% to 1.70 lakh ha as on 21st June-20119.Arhar area id down by 55.43 % to 0.41 lakh ha so far while normal as on date is 1.93 lakh ha. Even Urad area is down by 37.25 % to 0.32 lakh ha against normal of 0.79 lakh ha till date. Moong area is down by 69.61 % to 0.31 lakh ha against the normal of 1.70 lakh ha till date. Kulthi sowing has not started as yet while other pulses coverage is 24.14 % down to 0.66 lakh ha against normal of 0.97 lakh ha .However, with monsoon advancing in growing regions ,sowing activities is likely to pick up in coming months.
(21st June 2019) Moong futures is likely to commence from 1st of July as NCDEX has get approval from Sebi to launch moong futures. The exchange had also applied for tur and urad futures. However, did not get permission due to shortage of these commodities in the domestic market.
(20th June,2019) Moong sowing in Yadgir region may boost up with good rainfall in Karnataka moong growing belts. It is considered to be beneficial to the new plant. Around 505 sowing of moong in Yadgir region is now over. Hope for revival of monsoon and its advancement towards growing belt have provided much needed respite to the farmers. Moong market traded stable and if rains occur, pressure on moong might be seen in coming weeks. There is a growing fear in South India that farmers may shift 10 to 20 percent moong area to other coarse cereals this kharif season.
(18th June,2019) Slower progress of monsoon has started affecting summer crop sowing. However, in case of pulses the impact might be felt if growing region continues to face drought like condition by the end of this month. The major stake is for tur. Kharif pulses sowing is 50 % down from last year in the initial stages. It can be compensated easily if good rainfall in central and North India occurs by the end of this month.
(17th June ,2019) Nafed Starts selling Urad through tender in UP.Total879.59 MT was offered with condition of minimum bid of 100 MT. Around 500 Mt has been offered in Bhjla mandi of Jhansi while379.59 MT for Orai mandi. Pressure seems on urad market as stockiest are releasing stock due to uncertainty in the market regarding govt’s policy.
(14th June,2019) Tur import quota increased to 4 lakh MT from 2 lakh MT. Besides, govt decided to sell 2lakh MT tur from buffer stock. Besides, 1.75 lakh MT tur would be imported through G2G basis in current MY. All these developments have impacted cash market price during last one week. Apart from this govt. has instructed importers to import 2 lakh MT tur before Oct-2019.
(12 June,2019) As per market source urad stock in Myanmar is said to be around 2lakh MT, while tur stock is around 75000to 100000 MT & Moong stock is around 20,000 MT.As per quota for import has been fixed at 1.5 lakh MT each for urad and moong, so supply side seems to be tight from Myanmar in coming months. Even, tur stock is lower than last year. New crop in Myanmar will be available not before Dec-Jan, so prices of moong and urad would continue to rule at higher level.
(11 June ,2019) Govt. increased tur import cap from 2 to 4 lakh MT.Besides,2 lakh MT would be sold from buffer stock in open market. It would be imported through G 2 G basis. Govt. has a close eye on pulses market and may take all possible action to control tur price.
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Price & Arrival: Urad
State/District Market
Modal Price (Rs/Qtl)
Change
Arrivals (Qtl)
Change Source 26 Jun 2019
25 Jun 2019
26 Jun
2019
25 Jun
2019
Andhra Pradesh Guntur(Gota
Branded) 8100 8200 -100 NA NA - Agriwatch
Andhra Pradesh Vijaywada 6100 6200 -100 1000 600 400 Agriwatch
Tamil Nadu Villupuram 5469 4889 580 3 2 1 Agmarknet
Tamil Nadu Chennai 4850 4850 Unch NA NA - Agriwatch
Tur
State/District Market
Modal Price (Rs/Qtl)
Change
Arrivals (Qtl)
Change Source 26 Jun 2019
25 Jun 2019
26 Jun
2019
25 Jun
2019
Andhra Pradesh Yemmiganur NA NA - NA NA - eNAM
Andhra Pradesh Kurnool 4968 NA - 26 NA - eNAM
Maharashtra Akola NA NA - NA NA - eNAM
Andhra Pradesh Vijayawada 5300 5300 Unch NA NA - Agriwatch
Moong
State/District Market
Modal Price (Rs/Qtl)
Change
Arrivals (Qtl)
Change Source 26 Jun 2019
25 Jun 2019
26 Jun
2019
25 Jun
2019
Rajasthan Jodhpur NA NA - NA NA - eNAM
Karnataka Gulbarga NA NA - NA NA - Agmarknet
Madhya Pradesh Harda NA 5290 - NA 2508 - Agmarknet
Andhra Pradesh Vijayawada 6000 6000 Unch 200 100 100 Agriwatch
Chana
State/District Market
Modal Price (Rs/Qtl)
Change
Arrivals (Qtl)
Change Source 26 Jun 2019
25 Jun 2019
26 Jun
2019
25 Jun
2019
Andhra Pradesh Kurnool 4128 NA - 26 NA - eNAM
Andhra Pradesh Yemmiganur NA NA - NA NA - eNAM
Madhya Pradesh Indore 4225 4300 -75 1400 1400 Unch Agriwatch
Rajasthan Bikaner NA NA - NA NA - eNAM
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Chana at NCDEX
Contract Open High Low Close Change Volume O.Int
19-Jul 4251 4295 4251 4280 3 32200 90260
19-Aug 4303 4312 4285 4397 -6 23270 77010
19-Sep 4332 4351 4323 4331 -5 720 3830
As on 26th June - 2019 at 6pm Rs/Quintal
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Groundnut Recent updates:
No significant updates for today.
Developments that are still Influencing Markets:
(25.06.2019) First time from past five years monsoon has arrived in June and farmers have cultivated 1.5 lakh hectares for groundnut in Chittoor district till date, Moreover the state agriculture department has failed to supply the seed to farmers in Ananthapur, Kadapa Kurnool district, more than 50% of the mandals are uncovered. Farmers started protests in few districts, however sowing will be extended till first week of July, Agriculture department officials gave assurance to distribute the seeds to farmers within next 2 days.
(25.06.2019) Area under cotton 10-15% is going to replace by groundnut due to delayed monsoon in Gujarat, moreover the state and central government policies for groundnut encouraged to cultivate more area under oilseeds.
(25.06.2019) As on 21stJune 2019 Nafed sold total groundnut K-17 & K-18 at 1100MT and 6830MT respectively in India. It has disposed total 9.70 lakh tonnes of groundnut K-17 and holds remaining balance at 0.74 lakh tonnes so far in Gujarat market only. Additionally, Nafed has sold total 2.84 lakh tonnes of groundnut K-18 and holds remaining balance at 4.18 lakh tonnes so far.
(21.06.2019) Groundnut growers started cultivation practices in view of timely monsoon and good yield. According to Agriculture department of Anantapur 4.96 lakh hectares of groundnut in 2018-19 has been sown out of total 7.08 lakh hectares. Due to non-availability of quality seeds locally, Anantapur district administration allotted Andhra Pradesh Oil Fed, AP Seeds, HIL and Vasan agencies to procure the groundnut seeds from other districts during rabi season. Government agencies procured seednuts at Rs. 7100 per quintal, where as they offered at Rs. 4260 per quintal after availing 40% discount to the farmers. A total of 43 distribution centres were set up in the district to distribute the seeds, however farmers were unable to get seednuts from many centres due to server problems and also poor procurement activities as AP Oil fed reportedly failed to complete the given target.
(21.06.2019) According to the State’s Agriculture Department of Gujarat, Vayu monsoon triggered the cultivation in the state and has received about 44mm of rainfall so far, which helped the drought hit regions to rise the sowing of kharif crops like groundnut, cotton. The groundnut cultivation has raised from 5200ha to 22900ha from 10th June to 17th June which is about 40 per cent lower from 37788 ha. in 2018-19. The overall oilseeds acreage stood at 23,068 ha down by 40 per cent from 38,473 ha in 2018-19. However, overall kharif sowing in the State is low by about 8 percent from 207,240 ha in 2019-20 to 225,231 ha in 2018-19.According to the trade sources groundnut cultivation is going to increase when compared to last year because of the massive procurement activities by the state and central government bodies at MSP Rs.4890 and additional Rs.110 from the state government bonus and the effective price is Rs.5000 per quintal, however the prices are Rs.5000-5220 per quintal in the market.
(12.06.2019) As on 11thJune 2019, Nafed has procured 5.81 MT of Groundnut (Rabi -2019) in the district of Malkangiri of Odisha state. It procured total 130.76 MT at MSP price Rs. 4890 per quintal from 55 farmers.
(07.06.2019) As per 3rd advanced estimates, ministry estimates lower Indian groundnut crop (Kharif and Rabi) at 65.02 lakh tonnes for 2018/19 season against 92.53 lakh tonnes in 2017/18. Kharif groundnut crop size during 2018-19 is estimated at 51.53 lakh tonnes which is 29.7%
Daily Price Monitoring Report 27th June, 2019
27/09/2017
lower than 75.95 lakh tonnes in 2017-18. Less rainfall at initial stage of crop and lower acreage are the main reason to cut output of Groundnut.
(22.05.2019) The state government got the approval from ministry of Agriculture to procure
groundnut and Sunflower seed of Rabi season in Odisha. The proposal for procurement of
shelled ground nut has been approved for 6580 tonnes at MSP prices i.e. 4890 per quintal and
10,500 tonnes of Sunflower seeds at MSP price Rs. 5388 per quintal from registered farmers.
The procurement operation has been started and will continue for two months till July 27,2019.
(20.05.2019) Indian Oilseeds & Produce Export Promotion Council (IOPEPC) is planning to develop cluster-based production mainly for groundnut and sesame seed which will be pesticide-free. It is also targeting to cultivate other varieties of oilseeds to fulfil global demand as well. It focuses towards drip irrigation facilities so that monsoon dependency for better crop growth could be reduced. In the meeting, council can discuss the expected crop size of groundnut and sesame for Rabi 2019.
(30.04.2019) As per APEDA data, groundnut shipment reported lower by 3.13% to 488233 MT during April-March 2019 amounting total Rs. 3296 crores as compared to 504038 MT in last year during the same period of time. However, the shipment is higher by 26.290% as compared to 386594 MT in April to February 2019.
rainfall at initial stage of crop and lower acreage are the main reason to cut output of Groundnut.
(22.02.2019) We expects AP groundnut crop size at 4.21 lakh metric tonnes for 2018/19 season lower from previous year crop size i.e. 5.48 lakh metric tonnes as farmers covered the lower sowing area for this season.
(15.02.2019) As per recent ministry report, total Rabi groundnut area in India has been reported down at 4.81 Lakh hac. in this year as compared to 6.27 lakh hac. in previous year. In AP, it is recorded at 0.58 lakh hac. in this year lower than 0.85 lakh hac. in the previous year.
(18.01.2019)-In the second advanced estimates AP has downward revised the Kharif production estimate of GN to 3.29 lakh tons as against 4.05 lakh tons in 1stAdvanced estimates. Rabi groundnut production is estimated at 1.49 lakh tons.
Price & Arrival: Groundnut
State/District Market Variety
Modal Price (Rs/Qtl)
Change
Arrivals (Qtl)
Change Source 26-June-
19
25-June-
19
26-June-
19
25-June-
19
Andhra Pradesh
Adoni 6066 6026 40 49 54 -5 NAM
Kadapa Local 5440 5619 -179 180 227 -47 NAM
Kurnool 4890 NA NA NA 26 NA NAM
Yemmiganur NA NA NA NA NA NA NAM
Rajkot NA NA NA NA NA NA NAM
Telangana
Nagarkurnool NA NA NA NA NA NA NAM
Suryapeta NA NA NA NA NA NA NAM
Wanaparthy Town
NA NA NA NA NA NA
NAM
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Onion Today’s Development: (No significant update for today) Recent Developments that are still influencing the Market:
(25th June 2019) In Lasalgaon prices are trading approximately Rs.1220 as compared to last month Rs.960 during same week.
(25th June 2019) In Andhra Pradesh, as on 19th June (third week), 635 Ha of area is sown compared to last year’s 692 Ha. Normal sown area by this time is 1550 Ha. Total targeted kharif area is 27483 Ha.
(21st June 2019) In Maharashtra & Andhra Pradesh, Sowing may pick up the pace as the monsoon is expected in the coming few days.
(16th June 2019) In Andhra Pradesh, normal kharif area is approximately 27482 Ha. This year transplanting is delayed because of water scarcity and lower level of Dam waters. Last year approximately 287 ha area has been sown during 2nd week of June.
(15th June 2019) In Andhra Pradesh, normal kharif area is approximately 27482 Ha. This year transplanting is delayed because of water scarcity and lower level of Dam waters. Last year approximately 287 ha area has been sown during 2nd week of June.
(15th June 2019) If the kharif crop to be planted in July -August has lower sown area or yields due to deficient monsoon (which IMD and private forecasters have predicted), release of Rabi onion stock would be slower leading to higher prices that could last beyond September.
(14th June 2019) According to the news source NAFED has so far procured over 30,000 tons of onions in Maharashtra.
(14th June 2019) Prices & arrivals in most of the markets are higher, which indicates that prices are likely to be firm in coming days.
(13th June 2019) Prices have dropped down in most of the markets after the exemption of the MEIS scheme by the government.
(12th June 2019) The government has exempted incentives by 10 % on immediate effect from 9th June 2019 in order to cut down the prices in domestic markets.
Price and Arrivals in Major Markets
Onion
State Market Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons
Source 26-Jun-19 25-Jun-19 Change 26-Jun-19 25-Jun-19 Change
Gujarat Ahmedabad 1050 1050 Unch 673 645 28 Agmarknet
Rajkot 900 875 25 120 110 10 Agmarknet
Karnataka Bangalore NA 1100 - NA 1717 - Agmarknet
Belgaum NA NA - NA NA - Agmarknet
Madhya Pradesh Indore 600 600 Unch 4482 7110 -2628 Agmarknet
Maharashtra Lasalgaon 1200 1230 -30 1200 1695 -495 Agmarknet
Pune 1200 1200 Unch 765 730 35 Agmarknet
Andhra Pradesh Kurnool NA 810 - NA 1.8 - Agmarknet
Rajasthan Jaipur 1000 975 25 600 132 468 Agriwatch
Telangana Hyderabad 1400 1250 150 450 550 -100 Agmarknet
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Potato Today’s Development: (No significant update for today)
Developments that are still influencing the Markets:
(25th June 2019)-In west Bengal 17% potato has been released from cold storage from a total capacity of 70.62 lakh tons.
(25th June 2019)-According to the trade sources in U.P. the prices are steady as the percent released from storages is less as compared to last year. Prices are likely to remain steady for coming week.
(16th June 2019)-In West Bengal, loading in cold storage is completed and traders are expecting 85% capacity utilization this year from a total storage of 70.62 lakh tons. So far approximately 15% potato has been released.
(14th June 2019)-In potato most of the markets prices are trading on lower side compared to previous year’s prices because of higher storage in U.P compare to last year. Last year in U.P storage was approximately 111 lakh tons compared to 123 lakh tons this year.
(13th June 2019)- In most of the markets of UP potato prices are trading below three year
average price and are likely to trade on lower side for couple of weeks.
(13th June 2019)- According to the state government, the storage capacity of agra mandal is
49.23 lakhs tons & stored quantity is 39.25 lakhs tons, which is accounted almost as 79% of the
total capacity.
(11th June 2019)- In West Bengal, loading in cold storage is completed and traders are expecting
85% capacity utilization this year from a total storage of 70.62 lakh tons. So far approximately
10%-12% released which is higher by 2-3% than last year.
(6th June 2019) - In Agra, potato prices are trading near Rs 800/ quintal compared to Rs 1230/
quintal in corresponding period last year. According to trade sources so far 12% potato has been
released from the cold storages with a total capacity of 25.40 lakh tons.
(1st June 2019) - In Agra, cold store potato price are trading near Rs 900-Rs 1000/ quintal. Fresh crop from farmers shed is fetching a price of Rs 700-850/ quintal.
Price and Arrivals at Major Markets
Potato
State Markets Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons
Source 26-Jun-19 25-Jun-19 Change 26-Jun-19 25-Jun-19 Change
Andhra Pradesh Palamaner NA NA - NA NA - NAM
Karnataka Bangalore NA 1400 - NA 1282 - Agmarknet
Belgaum NA NA - NA NA - Agmarknet
Gujarat Surat NA 1000 - NA 625 - Agmarknet
Madhya Pradesh Indore 800 800 Unch 92 88 4 Agmarknet
Maharashtra Pune 1300 1200 100 734 705 29 Agmarknet
Delhi Delhi 762 762 Unch 877 1499 -622 Agmarknet
Uttar Pradesh Agra 880 890 -10 1360 1300 60 Agmarknet
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Tomato
Today’s Developments: (No significant update for today) Developments that are still influencing the Market:
(25th June 2019) In Madanapalle prices are trading near Rs.2310 compared to last week’s Rs.2414, as the arrivals have decreased in the last week.
(11th June 2019) Tomato current price are trading on higher side compared to three year’s seasonal average price in most of the markets because of lower crop size this year due to lesser water availability in producing regions.
(11th June 2019) In Andhra Pradesh, prices are trading on higher side because of lower arrivals from producing regions amid lower crop size. Prices are expected to come down slightly in coming week because of arrival of summer crop from Chitoor and Anantpur district.
( 6th June 2019) - In Madanapalle, prices have dropped down by Rs. 500 to Rs. 800/ quintal because of increase in arrivals from producing regions.
(3rd June 2019) - On Tuesday, prices have dropped down in few markets because of increase in arrivals from producing regions.
(1st June 2019) - Higher arrivals reported in most of the markets but prices are firm and likely to remain firm in most of the markets for coming weeks.
(30th May 2019) - In Andhra Pradesh, prices are trading on higher side because of lower arrivals
from producing regions amid lower crop size. Prices are expected to trade in similar range for
coming weeks because of lower crop size of summer crop due lower water availability in dams.
(28th May 2019) - In Madanapalle, prices are trading near Rs 2650/quintal compared to last
year’s Rs 500/ quintal during same time period.
(25th May 2019) - In coming weeks prices are expected to remain firm in most of the markets
and are likely to remain on higher side compared to last year because of lower crop size from
South Indian states.
(21st May 2019) - In Madanapalle, Prices has touched a level of Rs 4080/ quintal and are likely
to trade in this range only for coming days.
Price and Arrivals in Major Markets
Tomato
State Markets Modal Wholesale Prices (Rs/Qtl.) Arrivals in Tons
Source 26-Jun-19 25-Jun-19 Change 26-Jun-19 25-Jun-19 Change
Andhra Pradesh
Mulakalacheruvu 2600 2600 Unch 15 5 10 Agmarknet
Madanapalle NA NA - NA NA - NAM
Kalikiri NA NA - NA NA - NAM
Pattikonda NA NA - NA NA - NAM
Gurramkonda NA NA - NA NA - NAM
Karnataka Chintamani NA 1466 - NA 429 - Agmarknet
Kolar NA 933 - NA 1493 - Agmarknet
Maharashtra Pune 1400 1200 200 216 148 68 Agmarknet
Delhi Delhi 1385 1385 Unch 438.6 375.5 63 Agmarknet
Telangana Bowenpally 2800 3000 -200 350.1 374.9 -25 Agmarknet
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Turmeric
Today’s Developments:
In Maharashtra, rainfall during 01-03-2019 to 26-06-2019, in Marathwada region lower by 44% and in Madhya Maharashtra region rainfall departure lower by 48%. If it will continue we expect Turmeric sowing area drastically come down and likely to support prices. Farmers were waiting for monsoon rainfall.
Recent Developments that are still Influencing Markets:
In Andhra Pradesh, Telangana, Tamil Nadu, Turmeric sowing current year reported delay by 10 – 15 days due to delayed monsoon, in Andhra Pradesh sources revealed that area may go down current year, farmer may shift to Maize crop. Till now, 45 – 50% sowing completed in AP and Telangana, mostly farmers were waiting for monsoon rainfall.
In Sangli district of Maharashtra and adjoining area of Karnataka till now 35 -40% turmeric sowing completed, farmers were waiting for rainfall. Next 15 – 20 days is crucial for sowing, if rainfall not happen turmeric sowing area drastically come down.
Prices & Arrivals
NCDEX:
Turmeric at NCDEX
Contract Change Open High Low Close Volume O.Int
July-19 -38.00 6406.00 6432.00 6344.00 6380.00 2065 15420
Aug-19 -48.00 6724.00 6740.00 6660.00 6682.00 1370 6730
Sep-19 -86.00 6836.00 6830.00 6750.00 6750.00 430 1355
As on 26th Jun, 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 26-Jun-19 25-Jun-19 26-Jun-19 25-Jun-19
Andhra Pradesh
Duggirala Finger 5450 5425 25
194 280 -86 NAM Bulb 5450 5480 -30
Kadapa Finger 5552 5555 -3
688 882 -194 NAM Bulb 5477 5490 -13
Telangana
Nizamabad Finger NA NA -
NA NA - NAM Bulb NA NA -
Warangal Finger Closed 5850 -
NA 2600 - Agriwatch Round Closed 5650 -
Tamil Nadu
Erode Finger 6814 6509 305
596.3 440.6 155.7 Agmarknet Bulb 6761 6006 755
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Chilli
Today’s Developments:
No Significant Development Today
Recent Developments that are still Influencing Markets:
Guntur chilli market reopen with higher prices. As per trade information, chilli cold storage stocks as on date (including old and new crops) in Guntur stood at 180,000 to 202,500 MT and in Andhra Pradesh around 247,500 to 270,000 MT according to various trade estimates. Current year cold storage stocks reported lower as carry forward stocks reported less.
Continued export demand reported well from China, Sri Lanka, Malaysia, Bangladesh and UAE etc.
Current year chilli sowing area may increase due to prevailing higher prices and expecting higher further due to lower cold storage stocks, however monsoon rainfall is crucial factor for chilli sowing area.
As per Agriwatch final estimate, Andhra Pradesh production likely to come 434,449 MT, last year it was 341,671 MT. In Andhra Pradesh acreage to rise by 45% from last year’s 87,608 hectares to 127,032 hectares.
As per Agriwatch’s final production estimate, Red Chilli production for 2019-20 is estimated at 12.22 lakh MT. Previous year’s production was 10.50 lakh MT.
Prices & Arrivals
Red Chilli
State Market Variety Modal Price (Rs/Qtl)
Change Arrivals (Qtl)
Change Source 26-Jun-19 25-Jun-19 26-Jun-19 25-Jun-19
Andhra Pradesh
Guntur Teja NA NA - NA NA - NAM
334 NA NA - NA NA - NAM
Telangana Khammam Red 7500 6500 1000 480 247 233 Agmarknet
Warangal Talu NA NA - NA NA - Agmarknet
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Maize
Today’s Developments:
In Ahmedabad region of Gujarat, poultry feed makers quoted maize steady at Rs. 2100 per
quintal and starch feed makers also quoted steady at Rs.2150 per quintal compared to previous
day.
In U.S, corn planting has been 96% as of 23rd June, 2019, which is lower by 4% compared to
previous year and last 5 year average period. It has been emerged 89% as of 23rd June, 2019
which is lower by 11% compared to previous year and 10.10% lower by last 5 year average
period. 56% crop of Corn is in good to excellent condition, down from 59% previous week.
Recent Developments that are still Influencing Markets:
As per trade source, in Maharashtra, M.P, Rajasthan and A.P; some crop area of soybean could
shift towards maize.
From the trade point of view, In Nizamabad, maize is moving towards Hyderabad at Rs. 2250 per
quintal. In Gulabbagh region of Bihar, maize (Bilty) is trading at Rs.1950 per quintal.
As per trade source, in Maharashtra, M.P, Rajasthan and A.P; some crop area of soybean could
shift towards maize.
In Bihar region, maize is likely to trade steady to firm due to low arrival pressure as traders and
stockists are not selling their stock on the expectation of further hike.
As per USDA, U.S corn exports reached 41.90 MMT in the 2018-19 marketing year. At 0.64 MMT
(for the period 7th June- 13th Jun, 2019) US corn exports were down 28 percent from the
previous week and 40 percent from the previous 4-week average; mainly for the destination like
Mexico (266,800 MT), Japan (155,900 MT), Saudi Arabia (68,700 MT), Honduras (39,200 MT),
and Taiwan (38,400 MT).
In Karnataka, farmers are likely to shift from cotton, groundnut, tur and sugarcane to maize. As
maize traded higher than MSP and it is Photo-insensitive crop; farmers are likely to sown more
maize during kharif season.
As per trade sources, India exported 19,552 MT of maize for the month of April’19 at an average
FoB of $324.81/ MT. Indian maize is exported mainly to Nepal mainly through Sonauli ICD
followed by Raxaul and Jogbani ICD port.
Prices & Arrivals:
Maize
State/ District
Market Grade
Modal Price (Rs./Qtl)
Change Arrivals (Qtl)
Change Source 26-Jun-
19 25-Jun-
19 26-Jun-
19 25-Jun-
19
Telangana Nizamabad Bilty 2200 2200 Unch 2000 2000 Unch AGRIWATCH
Bihar Gulabbagh Bilty 1980 1980 Unch 20000 20000 Unch AGRIWATCH
Karnataka Davangere Bilty 2350 2350 Unch 1000 500 500 AGRIWATCH
Delhi Delhi Loose 1950 1950 Unch NA NA - AGRIWATCH
Andhra Pradesh Kurnool Loose NA NA - NA NA - ENAM
*Difference between current and previous day’s prices.
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Sugar
Today’s Developments:
Mixed trend was seen across Indian sugar markets on Wednesday. The prices are expected to remain down for coming few days due to less demand.
Kolhapur sugar market price stood at Rs.3110 and khatauli market prices stood slightly higher at Rs. 3335.
Sugarcane production and yield is likely to decrease in the coming season 2019-20 in major states Maharashtra and Karnataka due to low moisture availability and absence of pre-monsoon rains. Maharashtra is prevailing from drought with around 40% of the state drought –prone.
The Indian government has approved to give the financial assistance to sugar mills for enhancement and augmentation of ethanol production capacity. Among all states, maximum number of mills under the scheme are covered in Maharashtra (30) followed Karnataka (12) and UP (6). The incentives on ethanol diversion will help the sugar industry to liquidate the stock piles in every state.
Today’s Developments that are still Influencing Markets:
(26th June 2019) According to ISMA, this year sugar production is expected to reach 328 LT, 2 LT down from previous estimate. Sugar exports are expected to increase by 5 LT totalling to 35 LT this year. The officials have requested the government to make urgent proposals for sugar export to China. China being the neighbouring country is importing sugar from Brazil and Philippines.
(26th June 2019) Sugar production in U.P is likely to reach upto 11.82 MT against the previous estimates of 12.4 MT due to higher sugarcane acreage of 3.4 million ha and production of 224MT in 2018-19. Although recovery rate of UP this year was higher compared to previous year.
(24th June 2019) Strong demand for ethanol in Brazil that has prompted Brazil's sugar mills to climb up ethanol production at the expense of sugar production after Unica reported the percentage of cane crushed for ethanol production rising to a record 65.59% from 65.55% last year and that that Brazil's Center-South May domestic ethanol sales rose +50.6% y/y to 2.86 bln liters.
(22nd June 2019) As on June 18th, Sugarcane arrears to farmers have reached Rs.18,958 crore (Oct,2018- Sep,2019) out of which Uttar Pradesh ows the maximum amount of Rs.11,082 crore followed by Karnataka (Rs 1,704 crore) and Maharashtra (Rs 1,338 crore). Surplus sugar production made the sugar prices depressed which adversely affected the liquidity of sugar mills.
(22nd June 2019) By the end of this week, monsoon is likely to reach southern states, Maharashtra, Odisha and Madhya Pradesh. IMD forecasted that monsoon would be near normal this year with total seasonal rainfall likely to be about 96% of average.
(20th June 2019) International and domestic market may remain firm in the coming season after a long phase of low prices in the sugar industry. It can be attributed that the major sugar producing countries like Brazil, India and Thailand are going to have low sugar production mostly due to diversion in ethanol and unfavourable weather conditions in India. In the latest meeting held in by ASEAN Sugar Alliance, reported that global sugar deficit of about 2.5 million tonnes in 2019-20.
(20th June 2019) The delay in monsoon resulted 43% below rainfall so far this season. This has affected kharif sowing progress in India and the standing crop is eagerly in need of rainfall for their
Daily Price Monitoring Report 27th June, 2019
27/09/2017
revival. As of 14th June, farmers have planted kharif crops across 8.22 million ha down by 9% compared to last year.
(19th June 2019) Maharashtra sugar production is expected not to cross 63 lakh tonnes according to the sugar survey conducted by Natural Sugars, Thombre’s factory against Maharashtra Sugar Commissionerate estimation of 64 lakh tonnes. According to the survey, 10-15% of the cane has green stalk, 70-80% is devoid of any green stalk, and 50 % of the cane stand the possibility of revival in the event of rain.
(18th June 2019) Indian Sugar Mills Association that India's sugar mills expect to export a record 7 million MT of sugar in 2019/20 to reduce its huge stockpiles, up from 3 million MT in 2018/19.
(17th June 2019) There are rumours among the industry that government may take an action by raising the minimum support price by Rs.200 to Rs.3300 after the meeting held by Department of Food and Public Distribution on the hike of sugar prices to help the sugar industry to clear off the cane arrears and to discuss the long term reforms for the sugar sector.
(17th June 2019) After the glut at global level, it is expected a deficit of around 2-4 million global sugar. International futures market is likely achieve further gains after India reports for delay in monsoon which is highly affected in sugarcane producing states like Maharashtra and Karnataka. It is estimated that around 43% of India is affected by drought in 2019. Also the Brazilian real is getting stronger in Brazil which discourages exports from Brazil results in increase in international prices.
Prices
Sugar (M grade)
State/ District Market
Modal Price (Rs /Qtl)
Change Source 26 June-19 25 June-19
Maharashtra Kolhapur 3110 3120 -10 AW
Uttar Pradesh Khatauli 3335 3340 -5 AW
Andhra Pradesh Vijayawada 3660 3660 Unch AW
Delhi Delhi 3200 3210 -10 AW
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Cotton Today’s Developments:
Cotton prices expected to trade steady as there is less demand and still imports are going on. Moreover, in almost most of the markets arrivals have been ended.
The agriculture department in Bhatinda is targeting to increase the yield in the coming season
for cotton from 888 kg/ha in 2018-19 to 920kg/ha in 2019-20 and would also bring the area to
1,40,000 ha in the year 2019-20. This year, the area was 91,000 ha. This would increase the yield
of Punjab in the coming season as Bhatinda is one of the largest cotton growing districts of
Punjab.
Recent Developments that are still Influencing Market:
(26th June 2019Maharashtra finally covered with rain showers today. The monsoon is crucial
for cotton sowing, therefore, Maharashtra would pick up the pace in sowing which was 0.12%
behind last week. The area is expected to increase by 5% (2019-20) in the state.
(22nd June 2019) India has booked 16,81,799 bales from US out of which 8,95,981 bales already has been shipped as US cotton is trading much cheaper than Indian cotton.
(22nd June 2019) Restricted cotton sowing due to delay in monsoon has affected the planting progress in India. Till June 21st, around 18.2 lakh ha have been sowed declined from 20.7 lakh ha (12.08% less) in 2018-19. If monsoon is delayed more than 10 days, then cotton yield would be affected for the coming season crop.
(21st June 2019) Conab’s released a report revising the 2018-19 expected cotton output to 2.67
million tons, up 33.4 per cent compared to the previous season. Higher production estimates in
Brazil are expected to increase by the increase in area which is up by 36.2 per cent. However,
the average productivity is likely to dip by 2 per cent to 1,673 kilos per hectare. During the
current cotton season from August 2018 to May 2019, Brazil exported the record volume of 1.2
million tons of cotton.
(20th June 2019) The Cotton Advisory board has projected this season imports at 22 Lakh bales
whereas exports at 50 Lakh bales with total crop of 337 Lakh bales against the CAI’s estimation
of 315 Lakh bales. Agriwatch is expecting the total imports may reach upto 25 Lakh bales with
total crop production of 334.57 Lakh bales in 2018-19.
(19th June 2019) The already sown cotton crop is experiencing heat stress due to late arrival of monsoon in North India especially in Punjab, Haryana region. Although area in Haryana rose to 6.72 lakh ha compared to 6.56 lakh ha during the same period in the previous year. The southern and central cotton growing area farmers are waiting for the monsoon to arrive to start sowing as it is already delayed by 2 weeks. All over cotton sowing pace is already running behind by 10.42% compared to previous year as of now.
(19th June 2019) NASS reported that US cotton acres were 89% planted by Sunday, 5% behind the normal pace. The crop was 19% squared on that date, 1% ahead of normal. The slower planting can be attributed for the wet conditions in most parts of US.
(18th June 2019) The China Cotton Association has petitioned the central government for waiver of tariffs on US cotton last week. The continuous drought situation has made China to request for waiver. China’s agriculture ministry has estimated 2019 production at 21.15 million bales against USDA’s June projection of 27.75 million bales.
(17th June 2019) All India daily arrivals stood at 6,100 bales up from previous day’s total arrivals of 6600 bales. The arrivals are dwindling around the above range. Ginners and millers
Daily Price Monitoring Report 27th June, 2019
27/09/2017
may start trade after onset of monsoon during which the prices may see bullish movement from last week of June.
(14th June 2019) As per the latest estimates of Skymet, overall average yield is about to take charge to about 449kg/ha higher from previous year’s average yield although El nino is going to dominate this year but the most critical stage of cotton in August is expected to have good rainfall due to delay in monsoon which is going to help the cotton crop to gain good yield. Also the area is expected to increase by 2.7% compared to previous year.
(13th June 2019) According to latest USDA June report, Indian imports has been increased by 1.9 LB to 19.85LB from previous estimate of 17.93 due to lower crop this season in India. Still Indian millers are booking the imports for creating stock as IMD expects lower rainfall which may affect the cotton production in the coming season. USDA estimates Indian exports could reach upto 53.79 LB and production estimates at 332.98 LB higher than CAI projection of 315LB in 2018-19.
(12th June 2019) The US Crop Progress report showed US cotton planting progress moving just 4% from last week to 75% complete. That is behind the average pace of 87%, with 11% squaring. U.S. cotton planting progress remains good. Cotton planting progress has been on par with the five-year average. USDA sees no shortage of cotton anywhere in the coming year.
(11th June 2019) In Punjab, cotton crop has been sown in nearly 4 lakh hectares and may go up by 10,000 hectares as the sowing is still going on, according to the State Agriculture department. The acreage was nearly 2.84 lakh hectares in 2018. In Haryana, farmers had sown cotton in 6.35 lakh hectares till June 6. Last year the total area under cotton was 6.61 lakh hectares.
(11th June 2019) India’s exports to Pakistan too have dipped by about 32% to $171.34 million in March as India raised the customs duty to 200% on all goods imported from Pakistan. According to the data of the Commerce Ministry, imports declined to $2.84 million in March as compared to $34.61 million in March 2018.
Prices:
Cotton
State/ District Market
Modal Price (Rs /Qtl)
Change
Arrivals (Qtl)
Change Source 26-June-
19 25-June-
19 26-June-
19 25-June-
19
Gujarat Rajkot 6100 6160 -60 620 440 180 APMC
Andhra Pradesh Adoni
6069* 6089* -20
393 625 -232 Agriwatch
Andhra Pradesh Guntur NA NA - NA NA - Agriwatch
Andhra Pradesh
YEMMIGANUR NA NA - NA NA - NAM
*Adoni prices mentioned in this table are not comparable to last week's report, as we had been mentioning day's high prices until last week. We have switched to modal prices this week onwards, which is a better representative of the market conditions.
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Palm Oil
Today’s Developments:
No significant development today.
Recent Developments that are still Influencing Markets:
(26 June 2019)-Palm oil prices are expected to be underpinned by expectation of rise in end
stocks of palm oil in Malaysia in coming months and fall in exports of palm oil in Malaysia and
slow fall of palm oil production in Malaysia and appreciation of ringgit. Palm oil end stocks in
Malaysia is expected to rise in Malaysia in June due to slow fall in production of palm oil in
Malaysia and fall in exports of palm oil from the country. Production of palm oil is expected to
fall in Malaysia on seasonal downtrend of production. Data from Malaysia's Southern Peninsular
Palm Oil Millers Association showed fall in production in June indicating that there is slowdown
in production of palm oil. Part of the problem lies in labor shortage due to Ramadan holidays.
However, production will pick up once the labor shortage is over in July. Exports of palm oil from
Malaysia are expected to fall in June on weak demand from India, EU and China. Demand from
India is expected to weaken due to rise in stocks of palm oil at Indian ports, severe summer and
lack of fresh demand triggers. Weak monsoon in India will adversely affect demand going ahead.
However, if monsoon remains weak then import demand from India will pick up draining palm
oil stock in Malaysia. Demand from China is expected to seasonally remain low. However,
demand may firm at lower prices. Ringgit has appreciated above 4.15/USD indicating that more
appreciation is in cards which will underpin palm oil price as it makes palm oil uncompetitive
compared to competing oils
(24 June 2019)-According to cargo surveyor Societe Generale de Surveillance (SGS), Malaysia’s
June 1-20 palm oil exports fell 9.5 percent to 897,936 tons compared from 992,313 tons in the
corresponding period last month. Top buyers were India at 247,334 tons (258,966 tons),
European Union 151,665 tons (255,556 tons), China at 118,800 tons (99,290 tons), United States
at 77,775 tons (105,220 tons) and Pakistan at 35,000 tons (30,800 tons). Values in brackets are
figures of corresponding period last month.
(24 June 2019)-According to Malaysia Palm Oil Board (MPOB), Malaysia kept July crude palm oil
export tax unchanged at 0.0 percent. Export duty of palm oil is calculated at reference price of
1970.44 ringgit ($474.69) per ton. Tax is calculated above 2,250 ringgit starting from 4.5 percent
to a maximum of 8.5 percent.
(14 June 2019)-Crude Palm oil import scenario- According to Solvent Extractors Association
(SEA), CPO Imports rose 32.53 percent y-o-y in May to 4.40 lakh tons from 3.32 lakh tons in May
2019. Imports in oil year 2018-19 (November 2018-May 2019) were reported lower by 3.10
percent y-o-y at 37.45 lakh tons compared to 38.67 lakh tons in corresponding period last oil
year.
(14 June 2019)-RBD palmolein import scenario- RBD palmolein imports rose y-o-y in Apr 13.4.8
percent to 3.71 lakh tons from 1.58 lakh tons in May 2018. Imports in oil year 2018-19
(November 2019-May 2019) were reported higher by 37.96 percent y-o-y at 15.70 lakh tons
compared to 11.38 lakh tons in corresponding period last oil year.
(12 June 2019)-According to Malaysia Palm Oil Board (MPOB), Malaysia’s May palm oil stocks
fell 10.34 percent to 24.47 lakh tons compared to 27.30 lakh tons in April 2019. Production of
Daily Price Monitoring Report 27th June, 2019
27/09/2017
palm oil in May rose 1.34 percent to 16.72 lakh tons compared to 16.49 lakh tons in April 2019.
Exports of palm oil in May rose 3.51 percent to 17.12 lakh tons compared to 16.54 lakh tons in
April 2019. Imports of palm oil in May fell 0.52 percent to 0.62 lakh tons compared to 0.62 lakh
tons in April 2019. End stocks of palm oil fell more than trade expectation on higher exports and
higher domestic use of palm oil in Malaysia.
(9 June 2019)-According to China's General Administration of Customs (CNGOIC), China’s May
edible vegetable oils imports rose 36.4 percent m-o-m to 7.08 LT from 5.19 LT in April 2019.
Imports rose 17.2 percent y-o-y from 6.04 LT in May 2018. Year to date imports of edible
vegetable oil rose 42.2 percent to 31.89 lakh tons.
(29 May 2019)-According to Indonesia trade ministry, Indonesia kept June crude palm oil export
duty unchanged at zero. The reference price is set at USD 547.17 per ton, much lower than
lower threshold for export duty and below threshold of USD 570 to calculate export levy.
Indonesia has kept crude palm oil export duty at zero since May 2017.
(14 May 2019)- According to Indonesia Palm Oil Association (GAPKI), exports of palm oil (CPO
and PKO) from Indonesia rose 15.8 percent in Mar y-oy to 2.78 MMT from 2.40 MMT in Mar
2018. Exports of palm oil (CPO and PKO) rose marginally m-o-m in Mar at 2.78 MMT compared
to Feb 2019 at 2.77 MMT. Stocks of palm oil in Mar 2019 fell to 2.43 MMT from 2.5 MMT in Feb,
down 2.8 percent m-o-m.
Prices:
Palm Oil Prices (In Rs./ 10 Kg)
State/District Market 26 June 2019 25 June 2019 Change Source
Crude Palm Oil (FFA 5%)
Gujarat Kandla 508 508 Unch Agriwatch
Andhra Pradesh Krishnapatnam 492 490 2 Agriwatch
RBD Palmolein
Gujarat Kandla 572 578 -6 Agriwatch
Andhra Pradesh Kakinada 568 570 -2 Agriwatch
Andhra Pradesh Krishnapatnam 558 560 -2 Agriwatch
*Difference between current and previous day’s prices.
Palm Oil at MCX
Contract Open High Low Close Change Volume(Lots
) O.Int
30-Jun-19 502.00 514.80 502.00 513.60 9.80 1535 994
31-Jul-19 503.60 517.90 503.20 517.10 12.70 3821 4778
31-Aug-19 507.90 519.30 507.00 519.00 11.80 698 837
As on 26-June-2019 at 9 pm Rs/Quintal
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Sunflower oil
Today’s Developments:
No significant development today.
Recent Developments that are still Influencing Markets:
(21 June 2019)-Sunflower oil premium over soy oil in CNF markets have decreased to $77 per
ton from $43 per ton last week and premium in domestic markets have reached to 20 per 10 kg,
up Rs 12 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has
increased to Rs 200 per 10 kg Rs 185 per 10 kg last week. Prices of sunflower oil are estimated to
trade higher on firm demand and parity in imports. High premium over palm oil will cap gains in
prices.
(14 June 2019)-Sunflower oil imports scenario- According to Solvent Extractors Association
(SEA), Sunflower oil imports fell 60.4 percent y-o-y in May to 1.31 lakh tons from 3.31 lakh tons
in May 2018. Imports in oil year 2018-19 (November 2018-May 2019) were reported lower by
10.73 percent y-o-y at 14.73 lakh tons compared to 16.50 lakh tons in corresponding period last
oil year.
(14 June 2019)-Sunflower oil premium over soy oil in CNF markets have decreased to $43 per
ton from $53 per ton last week and premium in domestic markets have reached to 12 per 10 kg,
up Rs 25 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has
increased to Rs 185 per 10 kg Rs 202 per 10 kg last week. Prices of sunflower oil are estimated to
trade higher on firm demand and parity in imports. High premium over palm oil will cap gains in
prices.
(7 June 2019)-Sunflower oil premium over soy oil in CNF markets have increased to $53 per ton
from $42 per ton last week and premium in domestic markets have reached to 25 per 10 kg, up
Rs 10 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has
increased to Rs 202 per 10 kg Rs 185 per 10 kg last week. Prices of sunflower oil are estimated to
trade higher on firm demand and parity in imports. High premium over palm oil will cap gains in
prices.
Prices:
Sunflower Oil Prices (In Rs./ 10 Kg)
State/District Market 26 June 2019 25 June 2019 Change Source
Tamil Nadu Chennai 790 790 Unch Agriwatch
Andhra Pradesh Krishnapatnam 790 790 Unch Agriwatch
Andhra Pradesh Kakinada 790 790 Unch Agriwatch
*Difference between current and previous day’s prices.
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Groundnut oil
Today’s Developments
No significant development today.
Recent Developments that are still Influencing Markets:
(21 Jun 2019) Groundnut oil prices are expected to be underpinned by fall in demand due to rise
in prices of groundnut oil and high volatility in prices. Groundnut oil prices surged in very short
interval denting demand. Retail demand waned due to high volatility in prices. Higher volatility
in prices leads to weakening of demand.
In Andhra Pradesh groundnut price are expected to be supported by peak season demand.
Demand in Andhra Pradesh generally firms between May-July on account of higher demand
from pickle manufacturers, chatni and other value added products.
(7 Jun 2019) Groundnut oil prices are supported by firm demand. Retail demand has firmed due
to expectation of rise in prices of prices which has led to preponing of demand. NAFED is
aggressively disposing groundnut stocks. Total progressive purchase in 2018 was 7.03 lakh tons
while carryover stocks of 2017 was 3.6 lakh tons. So total stock was 10.73 lakh tons. At present
total stock with NAFED is 5.98 lakh tons. With aggressive sale of NAFED, end stocks with NAFED
at the end of the season will be less than 2 lakh tons.
In Andhra Pradesh groundnut price are supported by peak season demand. Demand in Andhra
Pradesh generally firms between May-July on account of higher demand from pickle
manufacturers, chatni and other value added products
(15 May 2019) In Andhra Pradesh groundnut oil prices are remain on higher side due to firm
demand as demand season has arrived when high pickle and other value-added products
demand increases. Prices are almost high in all the key states of India followed by good miller’s
and retailers demand. Less availability of groundnut seeds is supporting prices to rise.
Prices:
Groundnut Oil Prices (In Rs./ 10Kg)
State/District Market 26 June 2019 25 June 2019 Change Source
Gujarat Rajkot 1100 1100 Unch Agriwatch
Telangana Hyderabad 1050 1040 10 Agriwatch
Tamil Nadu Chennai 1040 1040 Unch Agriwatch
*Difference between current and previous day’s prices.
Daily Price Monitoring Report 27th June, 2019
27/09/2017
Rice
Today’s Developments:
Iran Govt Approves Rice Cultivation Restrictions Due to Water Shortage Iran Gov't Approves
Rice Cultivation Restrictions Due to Water Shortage: Restrictions will be imposed on rice
cultivation in Iranian provinces other than the two northern provinces of Gilan and Mazandaran.
According to deputy agriculture minister for water and soil affairs, the decision has been made
by the Cabinet and conveyed to provinces across the country for implementation.
To save Basmati export to Europe, USA and Arab countries, Punjab, which is highest user of
fertilisers and insecticides per hectare in the country, much above the national average, has
launched a ‘pesticide-free’ Basmati campaign in the state. Basmati exporters and Basmati
growers in the state are now working together to use fewer pesticides in order meets the new
guidelines of the European Union (EU) and other countries regarding the Basmati import from
India. This effort is to achieve total compliance with EU Maximum Residue Level (MRLs). The
Department of Agriculture, through its network of field officers, would recruit fresh agriculture
graduates to fan out to all the Basmati clusters in the state and directly remain in touch with the
farmers.
Recent Developments that are still influencing the Markets:
(24th Jun 2019) NCDEX will start the futures trading of Mung and basmati from July 1, NCDEX has
sought approval from SEBI to launch futures trading in Tur and Urad.
(20th Jun 2019) Prices of Sona mansuri and kollam Rice Up in Karnataka and Maharashtra: Due
to the decrease in supply and availability during the last few weeks, there has been a huge
increase of about 20 per cent of the price of Sona mansuri and kolam. In the eastern part of
Karnataka and in the Vidarbha region of Maharashtra, this non-basmati coconut rice is mass
production and the customer likes it very much. In fact, due to severe drought in major
producing areas of these two states, the paddy crop was badly affected and accordingly the
production of rice decreased.
(19th Jun 2019) In order to reduce the growing stock of food-grains in the country, the Finance
Ministry has proposed to the Food Ministry to give additional 2 kg of rice 2 kg wheat per month
under National Food Security.
(17th Jun 2019) With the delay in the monsoon, paddy sowing is being affected in the country.
Paddy sowing has been done in 4.3 lakh hectare in the country till June 14, which was 5.47 lakh
hectares during the same period last year. If monsoon is weak, then it may have an impact on
paddy production.
(14th Jun 2019) More than 11 thousand farmers ready to leave paddy cultivation in Haryana:
Farmers in Haryana are posing a positive attitude towards the state government's efforts to
discourage paddy cultivation under the Crop Diversification Scheme and to promote maize and
arhar paddy cultivation in the state. Within Haryana, 11,535 farmers in 8 blocks of the districts
have expressed their resolve to leave paddy cultivation in 7443 hectares and start farming of
alternative crops. As per the official data, till June 10, 2850 farmers in Pundari block of Kaithal
district had 975 hectares, 2605 farmers in Asandh block of Karnal district, 1892 hectares, and
1768 farmers in Ambala and Saha blocks of Ambala district had paddy in 1468 hectares. The
Daily Price Monitoring Report 27th June, 2019
27/09/2017
place has pledged to cultivate other crops. In addition, 1682 farmers of Jind district of Naroda
block, in 1294 hectares, 1332 farmers in Umri block of Kurukshetra district in 1090 hectares, 678
farmers in Gannaur block of Sonipat district 373 hectares and 620 farmers in Radaur block of
Yamunanagar district 351 has decided to adopt crop diversification scheme in the area. The
seeds of maize and arhar will be provided free of cost to the farmers, assistance will be provided
at a rate of Rs. 2000 per acre, under the Prime Minister's Crop Insurance Scheme, the
Government will bear the burden of the premium and procurement of maize and arhar will be
done by the provincial agencies at the minimum support price.
(12th Jun 2019) Chhattisgarh government announces the sale of rice at a concessional rate of 10
rupees per kg to 7 lakh families over poverty line
(07th Jun 2019) The All-India progressive procurement of Rice as on 07th Jun 2019 for 2018-19
seasons stood at 423.53 lakh tonnes as compared to procurement of 300 lakh tonnes in the
corresponding period of last year. According to FCI data, in the current Kharif marketing season,
Punjab has procured 113.34 lakh tonnes rice, around 39.09 lakh tonnes in Haryana, 40.80 lakh
tonnes in Chhattisgarh, 45.73 lakh tonnes in Telangana, 32.33 lakh tonnes in Uttar Pradesh
34.65 lakh tonnes in Orissa, 32.25 lakh tonnes in Andhra Pradesh, 13.95 lakh tonnes in Madhya
Pradesh, 16.57 lakh tonnes in West Bengal, 4.62 lakh tonnes in Uttrakhand, 11.58 lakh tonnes in
Tamil Nadu, 4.25 lakh tonnes in Maharashtra and 9.28 lakh tonnes in Bihar.
(06th Jun 2019) As per third estimates peg total food-grains output at 283.3 million tons despite
below-par monsoon rain. According to the third advance production estimate released by the
Ministry of Agriculture, in 2018-19, the country has produced a record of 115.63 million tons of
rice, last year 112.76 million tons was produced.
(03rd Jun 2019) IGC has estimated the global consumption of rice in the 2019-20 season to reach
49.90 million tonnes, which is 50 lakh tonnes less than 50 lakh tonnes less but the potential use
of 2018-19 is 7 million tonnes more than 49.20 million tonnes. Earlier, during the 2017-18
season, 48.70 million tonnes of rice and 2016-17 season had global consumption of 485 million
tonnes of rice. While the Global outstanding stock of rice is expected to rise from 15.88 million
tonnes in 2018-19 season to 163 million tonnes in the 2019-20 season.
(28 May 2019) Non-basmati Rice Export to Bangladesh down This year-With the increase in
import duty on rice by Bangladesh, the export of non-basmati rice decreased 76% last year. Last
week, Bangladesh increased the import duty on rice to 55%. Bangladesh imported 4.43 lakh
tonnes of non-basmati rice in 2018-19, while in the year 2017-18, 18.45 lakh tonnes of non-
basmati rice was imported.
(28 May 2019) Big Relief to the Rice millers of Haryana -Haryana Government sought FCI
approval from raising the milling charge of paddy from Rs 10 to Rs 15, for a long time Rice
Millers of Haryana were demanding increasing milling charges. The Haryana Government is
trying to improve the situation of rice mills in the state. The State Government has approved the
approval of the FCI to increase the charge of milling in the central pool to Rs 15 per kg, which is
currently 10 rupees per kg. If FCI approves this proposal, then about 1000 rice mills will benefit.
(27 May 2019) Production of Basmati paddy in Punjab is Likely to Increase This Year-During the
current marketing season, the market price of basmati paddy was quite high so that the farmers
got huge earnings. During the financial year 2018-19, the export of basmati rice in the country
has also increased rapidly to the top level of 44 lakh tons. With this, the farmers of Punjab are
very excited and they can make every effort to increase the production area of basmati paddy
Daily Price Monitoring Report 27th June, 2019
27/09/2017
this year. Last year Punjab's production area was 5.47 lakh hectares which is expected to reach 7
lakh hectares during the current year.
(25May 2019) In April, export of 4.33 lakh tonnes of basmati rice and 3.07 lakh tonnes of non-
basmati rice from India.
Prices & Arrivals
Rice
State/ District Market Variety
Modal Price (Rs
/Qtl)
Change Arrivals
(Qtl)
Change Source
26-Jun-19 25-Jun-19 26-Jun-19 25-Jun-19
CHHATTISGARH BALOD
PADDY-SWARNA MASOORI 1820 1800 20 23 21 2 E-nam
CHHATTISGARH
BHATAPARA
PADDY-HMT 1920 1935 -15 10 15 -5 E-nam
CHHATTISGARH BALOD
PADDY 1001 1845 1820 25 5 NA #VALUE! E-nam
TELANGANA
BADEPALLY
Paddy RNR 1900 1910 -10 11 22 -11 E-nam
TELANGANA
MAHBUBNAGAR RNR 1980 2000 -20 23 12 11 E-nam
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