AP Daily Commodities Outlook Report 20190402 Agriculture Rep… · Daily Price Monitoring Report 02...

Pulses Today’s developments:

• DGFT has re-set pulses import quota at 6.5 lakh MT for 1st April

the latest notification Moong, Urad and pea quota has been fixed

financial year. Besides, for tur it has been fixed at 2 lakh MT for the whole year. This means import

volume would remain restricted and it would support cash market price in coming weeks.

• Nafed has decided to slower release of

procurement drive and restricted selling amid negligible import flow remains supportive to cash

chana market. Cash market is likely to touch MSP level soon. At that level some selling by private

trades is expected that may cap rally.Chanamarket is expected to trade in the range of Rs4450

4550 in Delhi cash market.

• Urad and moong market too is likely to trade up due to restricted import and decreasing arrivals in

cash market. This week it may move further up b

are decreasing and stockists are unwilling to release stock at current price in expectation of higher

price. New moong crop from Up is expected from end April/May.Till then market would continue

to get support.

Recent Developments that are still Influencing Markets:

• (27 Feb 2019)Urad cash market could not sustain its firm tempo and decreased by Rs 100 in

Chennai market to Rs 4050for FAQ and Rs4950 for SQ. Actually, slower release at ports due

technical reason helped market to recover. However, issues have been sorted out now and release

is about to start. It would ease availability in cash market of south India and its impact is being seen

on cash market. Apart from this there is weak demand in cash urad ma

its loss by Rs 100 from current level this week. Myanmar is offering urad at $460 & $560 per MT

basis Indian port.

• (25 Feb 2019) Chana in cash market is being traded lower by Rs500

arrival in states like MP and Rajasthan has started increasing. New chana in MP is being sold at

Rs4000-4050 against set MSP of Rs4650. As production is expected to decrease this year to 88/90

lakh tonne, as per trade estimate, procurement target by govt. too has been decreas

state procurement agencies procures higher than expected quantity, price of chana may recover.

However, under prevailing market condition amid weak demand Agriwatch expects chana to move

down by Rs 100-150 from current level.Stake holders s

Recovery is expected May onward.

• (22 Feb 2019)Nafed may stop selling

procurement in MP after Holi. It may support chana market to some extent. There is also f

the market that farmers may prefer not to sell entire quantity of chana as prices are ruling below

MSP in various markets

• (20 Feb 2019)According to Australian Bureau of Meteorology the Pacific Ocean is getting warmer

and chances of El-Nino has incre

lower rainfall in monsoon season. It would affect production of kharif crops. Rabi production is

almost 5 % lower from previous season. Impact of El

the world. It has potential to trigger flood and drought.

• (19 Feb 2019) Chanaprocurement on MSP in Rajasthan commences with slower pace. However,

farmers seem happy with ongoing procurement drive.MP govt may start chana procurement after

Holi, as arrival is expected to improve by then. Some farmers may resort to retain chana stock as

they think market to improve in the second half of the year. Currently price of chana is ruling below

MSP and some improvement is expected at current level. Production s

remains restricted. So, market should recover from current level to a certain extent. However, any

Daily Price Monitoring Report

02 April 2019

set pulses import quota at 6.5 lakh MT for 1st April-2019 to 31st March

the latest notification Moong, Urad and pea quota has been fixed at 1.5 lakh MT each for new



Nafed has decided to slower release of chana during procurement time. Lower crop size,



pected that may cap rally.Chanamarket is expected to trade in the range of Rs4450

Urad and moong market too is likely to trade up due to restricted import and decreasing arrivals in

cash market. This week it may move further up by Rs 200-300 from current level. Stock with mills




Urad cash market could not sustain its firm tempo and decreased by Rs 100 in


son helped market to recover. However, issues have been sorted out now and release


on cash market. Apart from this there is weak demand in cash urad market. So, urad may extend


Chana in cash market is being traded lower by Rs500-600 per qtl. from MSP. New

ke MP and Rajasthan has started increasing. New chana in MP is being sold at

4050 against set MSP of Rs4650. As production is expected to decrease this year to 88/90

lakh tonne, as per trade estimate, procurement target by govt. too has been decreas



150 from current level.Stake holders should by below Rs3800/3900 and hold it.

Recovery is expected May onward.

Nafed may stop selling chana in open market by the end of this week and commence

procurement in MP after Holi. It may support chana market to some extent. There is also f


According to Australian Bureau of Meteorology the Pacific Ocean is getting warmer

Nino has increased now from 50 to 70 %.If it materializes India would receive


almost 5 % lower from previous season. Impact of El-Nino affects differently in different parts

the world. It has potential to trigger flood and drought.

procurement on MSP in Rajasthan commences with slower pace. However,


rival is expected to improve by then. Some farmers may resort to retain chana stock as


MSP and some improvement is expected at current level. Production size is lower and import


Price Monitoring Report

02 April 2019

2019 to 31st March-2020.As per

at 1.5 lakh MT each for new



chana during procurement time. Lower crop size,



pected that may cap rally.Chanamarket is expected to trade in the range of Rs4450-

Urad and moong market too is likely to trade up due to restricted import and decreasing arrivals in

300 from current level. Stock with mills



Urad cash market could not sustain its firm tempo and decreased by Rs 100 in


son helped market to recover. However, issues have been sorted out now and release


rket. So, urad may extend


600 per qtl. from MSP. New

ke MP and Rajasthan has started increasing. New chana in MP is being sold at

4050 against set MSP of Rs4650. As production is expected to decrease this year to 88/90

lakh tonne, as per trade estimate, procurement target by govt. too has been decreased this year.If



hould by below Rs3800/3900 and hold it.

in open market by the end of this week and commence

procurement in MP after Holi. It may support chana market to some extent. There is also fear in


According to Australian Bureau of Meteorology the Pacific Ocean is getting warmer

ased now from 50 to 70 %.If it materializes India would receive


Nino affects differently in different parts of

procurement on MSP in Rajasthan commences with slower pace. However,


rival is expected to improve by then. Some farmers may resort to retain chana stock as


ize is lower and import


big spike is unlikely. In Delhi market, chana is being traded at Rs4275

remains weak.

• (18 Feb 2019)Chanaprocurem

in MP is expected after Holi.It is on in Mah& South Indian states.

• (15 Feb 2019)Govt may allow 3 lakh MT

20.It is almost same as last year

is a gossip in the market that licensing process for dal millers has begun in this regard.

• (12 Feb 2019) Nafed has no

As prices are ruling below MSP in AP market, Nafed would start purchasing chana on MSP from 15

Of March-2019.As arrival in north and central India is increasing, any major spike is unlikely

continue. Some support might be seen with commencement of procurement in MSP.Peak arrival

season is expected from 20th March. So after Holi, pressure might be felt once again despite lower

crop size this year. New season has started with hefty carry in

has around 19 lakh tonne stock in its custody.

Price & Arrival:

State/District Market 01 Apr

Andhra

Pradesh

Guntur(Got

a Branded)

Andhra

Pradesh Vijaywada closed

Tamil Nadu Villupuram

Tamil Nadu Chennai

State/District Market 01 Apr

Andhra

Pradesh

Yemmiganu

r

Andhra

Pradesh Kurnool

Maharashtra Akola

Andhra

Pradesh Vijayawada closed


02 April 2019

big spike is unlikely. In Delhi market, chana is being traded at Rs4275-4350 per qtl. Demand

Chanaprocurement on MSP in Rajasthan commences with slower pace.Procurement

in MP is expected after Holi.It is on in Mah& South Indian states.

Govt may allow 3 lakh MT tur,1.5lakh MT moong and 2lakh MT urad

20.It is almost same as last year except 1lakh tonne increase in tur and 0.5 lakh tonne in urad.There


Nafed has no chana stock in AP. So selling through tender is unlikely to continue.

As prices are ruling below MSP in AP market, Nafed would start purchasing chana on MSP from 15

2019.As arrival in north and central India is increasing, any major spike is unlikely


March. So after Holi, pressure might be felt once again despite lower

crop size this year. New season has started with hefty carry in of 21 lakh tonne.Out of total Nafed

has around 19 lakh tonne stock in its custody.

Black Gram

Modal Price

(Rs/Qtl) Chang

e

Arrivals (Qtl)

Chang

01 Apr

2019

30 Mar

2019

01

Apr

2019

30

Mar

2019

7600 7500 +100 NA NA

closed closed - close

d

close

d

5699 NA - 65 NA

4475 4325 +150 NA NA

Tur

Modal Price

(Rs/Qtl) Chang

e

Arrivals (Qtl)

Chang

01 Apr

2019

30 Mar

2019

01

Apr

2019

30

Mar

2019

3606 4360 -754 4 2

NA 3098 - NA 2

5250 NA - 103 NA


d

close

d


02 April 2019

4350 per qtl. Demand

ent on MSP in Rajasthan commences with slower pace.Procurement

urad import for 2019-

except 1lakh tonne increase in tur and 0.5 lakh tonne in urad.There


stock in AP. So selling through tender is unlikely to continue.

As prices are ruling below MSP in AP market, Nafed would start purchasing chana on MSP from 15th

2019.As arrival in north and central India is increasing, any major spike is unlikely to


March. So after Holi, pressure might be felt once again despite lower

of 21 lakh tonne.Out of total Nafed

Chang

e Source

- Agriwatch

- Agriwatch

- Agmarkne

t

- Agriwatch

Chang

e Source

2 eNAM

- eNAM

- eNAM

- Agriwatch

State/District Market

Rajasthan Jodhpur

Karnataka Gulbarga

Madhya

Pradesh Harda

Andhra Pradesh Vijayawada


Andhra Pradesh Kurnool

Andhra Pradesh Yemmiganu

r

Madhya

Pradesh Indore

Rajasthan Bikaner

Chana at NCDEX

Contract Open

19-Apr 4345

19-May 4445

19-Jun 4501

As on 01 April - 2019 at 5pm


02 April 2019

Moong

Modal Price

(Rs/Qtl) Chang

e

Arrivals (Qtl)

Chang

01 Apr

2019

30 Mar

2019

01

Apr

2019

30

Mar

2019

4308 NA - 8 NA

NA 5075 - NA 100

NA NA - NA NA


d

close

d

Chana

Modal Price

(Rs/Qtl) Chang

e

Arrivals (Qtl)

Chang

01 Apr

2019

30 Mar

2019

01

Apr

2019

30

Mar

2019

NA 4219 - NA 4

4293 NA - 14 NA


d

close

d

NA NA - NA NA

High Low Close Change

4503 4370 4487 +142

4561 4427 4546 +146

4609 4501 4601 +151

2019 at 5pm


02 April 2019

Chang

e Source

- eNAM

- Agmarkne

t

- Agmarkne

t

- Agriwatch

Chang

e Source

- eNAM

- eNAM

- Agriwatch

- eNAM

Volume O.Int

38570 39570

46930 45370

7260 10700

2019 at 5pm Rs/Quintal

Groundnut

Current Developments:

• On 29th March 2019, Nafed disposed total 516.82 MT of groundnut pods K

centres of Rajasthan at the price range of Rs.3971 to 4209 /Quintal. It has also disposed 1400 MT

of groundnut K-17 at various centres of Gujarat. Total

remaining balance in Gujarat. It has no disposable stocks groundnut K

Pradesh and Karnataka.


• (27.03.2019) Standing groundnut crops can get relief in Nagarkurnool and Wanaparthy districts as

the state government has released Krishna water.

• (20.03.2019) As per APEDA data, groundnut shipment stood at 394054 MT during April

2019 amounting total Rs. 2635

However, the exports value is higher from 357347.49 MT in December month.

• (07.03.2019) In the second advanced estimates, ministry expects lower Indian groundnut crop

(Kharif and Rabi) at 69.70 lakh tonnes for 2018/19 season against 82.17 lakh tonnes in 2017/18.

Kharif groundnut crop size during 2018

17.74% than the production of 66.15 million tonnes in 2

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 are covering lower

sowing area so far.

• (15.02.2019) As per recent ministry report, total groundnut area in India has been reported down

at 4.81 Lakh hac. in this year as compared to 6.27 lakh hac. in previ

0.58 lakh hac. for this year which is lower than 0.85 lakh hac. in the previous year.

• (6.02.2019) As per recent updates from DGCIS, Gujarat shipped total 1.79 lakh tonnes groundnut

worth Rs. 1224 crore in April to Novemb

groundnut around 2.50 lakh tonnes during this end of this fiscal due to less competitive prices in

domestic & global market. In 2017/18, Gujarat's shipment was recorded at 3.22 lakh tonnes (value

at Rs. 2115 crore). Lowest volume of Gujarat's exports may reduce total groundnut exports volume

of India for the season 2018/19.

• (18.01.2019)-In the second advanced estimates AP has downward revised the Kharif production

estimate of GN to 3.29 lakh tons

groundnut production is estimated at 1.49 lakh tons.


02 April 2019

Nafed disposed total 516.82 MT of groundnut pods K-18 including various


17 at various centres of Gujarat. Total 292321.25 MT of groundnut K

remaining balance in Gujarat. It has no disposable stocks groundnut K-17 in Rajasthan, Andhra


Standing groundnut crops can get relief in Nagarkurnool and Wanaparthy districts as

the state government has released Krishna water.

As per APEDA data, groundnut shipment stood at 394054 MT during April

2019 amounting total Rs. 2635 crore. The shipment is lower from 504017.86

However, the exports value is higher from 357347.49 MT in December month.

In the second advanced estimates, ministry expects lower Indian groundnut crop

lakh tonnes for 2018/19 season against 82.17 lakh tonnes in 2017/18.

during 2018-19 is estimated at 54.41 lakh tonnes which is lower by

17.74% than the production of 66.15 million tonnes in 2nd Advance Estimates of 2017


) We expects AP groundnut crop size at 4.21 lakh metric tonnes for 2018/19 season

crop size i.e. 5.48 lakh metric tonnes as farmers are covering lower

As per recent ministry report, total 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


As per recent updates from DGCIS, Gujarat shipped total 1.79 lakh tonnes groundnut

worth Rs. 1224 crore in April to November of the 2018/19 fiscal. The state may export lower size of




of India for the season 2018/19.

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.


02 April 2019

18 including various


MT of groundnut K-17 are the

17 in Rajasthan, Andhra

Standing groundnut crops can get relief in Nagarkurnool and Wanaparthy districts as

As per APEDA data, groundnut shipment stood at 394054 MT during April-January

504017.86 MT in last year.

In the second advanced estimates, ministry expects lower Indian groundnut crop

lakh tonnes for 2018/19 season against 82.17 lakh tonnes in 2017/18.

19 is estimated at 54.41 lakh tonnes which is lower by

Advance Estimates of 2017-18. Less


) We expects AP groundnut crop size at 4.21 lakh metric tonnes for 2018/19 season

crop size i.e. 5.48 lakh metric tonnes as farmers are covering lower

As per recent ministry report, total groundnut area in India has been reported down

ous year. In AP, it is recorded at


As per recent updates from DGCIS, Gujarat shipped total 1.79 lakh tonnes groundnut

er of the 2018/19 fiscal. The state may export lower size of




In the second advanced estimates AP has downward revised the Kharif production

Advanced estimates. Rabi

Price & Arrival:

State/Distric

t Market Variety

Andhra

Pradesh

Adoni

Dharmavaram Local

Gooti Local

Guntakal Local

Kadapa Local

Kadiri Local

Kalyandurg

Kurnool

Madakasira JL-24

Penukonda Local

Piler Local

Rayachoti Local

Srikalahasti Other

Tenakallu Local

Yemmiganur

Gujarat

Bhavnagar

Deesa

Jamnagar

Rajkot

Telangana

Nagarkurnool

Suryapeta

Tandur

Wanaparthy

Town


02 April 2019

Groundnut

Modal Price

(Rs/Qtl)

Change

Arrivals (Qtl)

02-Apr-

19

01-Apr-

19

02-Apr-

19

01-

Apr-

19

4689 4940 -251 34 41

NA NA NA NA NA

NA NA NA NA NA

NA NA NA NA NA

4739 4300 +439 46 32

NA NA NA NA NA

NA NA NA NA NA

NA 4399 NA NA 14

NA NA NA NA NA

NA NA NA NA NA

NA NA NA NA NA

NA NA NA NA NA

NA NA NA NA NA

NA NA NA NA NA

NA NA NA NA NA

NA NA NA NA NA

NA NA NA NA NA

NA NA NA NA NA

NA NA NA NA NA

NA NA NA NA NA

3825 4419 -594 30 2

4151 4203 -52 19 41

4190 3799 +391 6 10


02 April 2019

Change Source

-7 NAM

NA Agmarknet

NA Agmarknet

NA Agmarknet

+14 NAM

NA Agmarknet

NA Agmarknet

NA NAM

NA Agmarknet

NA Agmarknet

NA Agmarknet

NA Agmarknet

NA Agmarknet

NA Agmarknet

NA NAM

NA NAM

NA NAM

NA NAM

NA NAM

NA NAM

+28 NAM

-22 NAM

-4 NAM

Onion

Today’s Developments (No Significant developments today)

Recent Developments that are still influencing the Market:

• (01 April 2019) - In Gujarat, arrivals in last week of March month (24

reported 25% higher than last year. Highest arrivals reported in Mahuva and Bhavnagar which

contribute approximately 75% of total arrivals.

• (29 March 2019) -Lasalgaon market is closed because of March closing and will reopen on 2

April. Prices in most of the markets have increased by Rs. 50 to Rs. 150/ quintal.

• (26 March 2019) - Onion prices reported higher in most of the markets amid lower production

estimates in Maharashtra.

• (23 March 2019) -Prices reported slightly firm in most of the mark

producing regions.

• (18 March 2019) -In Lasalgaon, arrivals reported lower because farmers are not bring their crop

in market because of current prevailing lower prices and expectation of higher prices in coming

months.

• (18 March 2019) -Higher arrivals reported in almost all the markets because of peak Rabi

harvesting season.

• (14 March 2019) - In Lasalgaon prices has increased in last few days amid tight supply

expectation of Rabi crop ahead. Prices has touched a high level of R

quintal earlier.

• (12 March 2019) - According to trade sources, State government of M.P has asked traders and

other procuring agency to buy onion at minimum Rs 800/ quintal and traders will be provided

upto 75% subsidy on storage and transport if commodity is sold outside State.

• (12 March 2019) - Prices in coming months are expected to remain on higher side because of

lower rabi acreage in major producing regions.

Price and Arrivals in Major Markets

State Market

Modal Wholesale Prices (Rs/Qtl)

01 Apr

2019

Gujarat Ahmedabad 625

Rajkot 475

Karnataka Bangalore 700

Belgaum NA

Madhya Pradesh Indore NA

Maharashtra Lasalgaon Closed

Pune 400

Andhra Pradesh Kurnool NA

Rajasthan Jaipur 675

Telangana Hyderabad 650


02 April 2019

(No Significant developments today)

Recent Developments that are still influencing the Market:

In Gujarat, arrivals in last week of March month (24th -


contribute approximately 75% of total arrivals.

Lasalgaon market is closed because of March closing and will reopen on 2

es in most of the markets have increased by Rs. 50 to Rs. 150/ quintal.

Onion prices reported higher in most of the markets amid lower production

Prices reported slightly firm in most of the markets amid lower arrivals from

In Lasalgaon, arrivals reported lower because farmers are not bring their crop


Higher arrivals reported in almost all the markets because of peak Rabi

In Lasalgaon prices has increased in last few days amid tight supply

expectation of Rabi crop ahead. Prices has touched a high level of Rs. 900/ quintal from Rs. 600/

According to trade sources, State government of M.P has asked traders and


ge and transport if commodity is sold outside State.

Prices in coming months are expected to remain on higher side because of

lower rabi acreage in major producing regions.


Onion

Wholesale Prices (Rs/Qtl) Arrivals in Tons

01 Apr

30 Mar

2019 Change

01 Apr

2019

30 Mar

2019

625 Unch 488 853

425 +50 200 230

700 Unch 4934 1810

800 - NA 695

500 - NA 1083

Closed - Closed Closed

NA - 1082 NA

NA - NA NA

650 +25 183 680

650 Unch 450 550


02 April 2019

-31st March 2019)


Lasalgaon market is closed because of March closing and will reopen on 2nd

es in most of the markets have increased by Rs. 50 to Rs. 150/ quintal.

Onion prices reported higher in most of the markets amid lower production

ets amid lower arrivals from

In Lasalgaon, arrivals reported lower because farmers are not bring their crop


Higher arrivals reported in almost all the markets because of peak Rabi

In Lasalgaon prices has increased in last few days amid tight supply

s. 900/ quintal from Rs. 600/

According to trade sources, State government of M.P has asked traders and


Prices in coming months are expected to remain on higher side because of

Arrivals in Tons

Source 30 Mar

Change

-364 Agmarknet

-30 Agmarknet

+3124 Agmarknet

- Agmarknet

- Agmarknet

Closed - Agmarknet

- Agmarknet

- Agmarknet

-497 Agmarknet

-100 Agmarknet

Potato Today’s Development:

• In U.P, potato acreage is estimated to be 5.80 lakh hectares compared to 6.10 lakh hectares.

Loading is in progress and so far approximately 80%

this year compared to last year. Traders are expecting capacity utilization of 87

compared to 78% last year.

Developments that are still influencing the Markets:

• (01 April 2019) -In West Bengal, loading

80% loading is completed compared to last year’s 92% during this time.

• (29 March 2019) - In West Bengal, loading prices has increased to Rs 700/ qtl compared to Rs

450/ quintal 2 weeks back because o

• (27 March 2019) - Potato prices are firm in most of the markets across the country because in

West Bengal it is estimated

• (26 March 2019) - According to

and West Bengal.

• (25 March 2019) - In West Bengal, prices have increased in last few day by Rs 150

quintal and presently trading at Rs 500

decreased the productivity

• (20 March 2019) - In Gujarat, loading is in progress and so far approximately 50% loading is

completed. Traders are expecting approximately 85

of 28.75 lakh tons.

• (18 March 2019) - In West Bengal, loading in cold storage is in progress and so far approximately

45% loading is completed compared to last year 55% loading by this time.

• (18 March 2019) - In West Bengal, loading prices are trading near Rs 450/ quintal compared to

last year prices of Rs 800/ quintal during this time. Traders are expecting 100% capacity

utilization this year amid bumper production.

• (15 March 2019) - In Punjab, loading in cold stores is in progress and pace of storage is slower

than last year because rains disrupt

compared to last year 60-65% loading by this time.

• (14 March 2019) - In West Bengal, prices which were slightly tight amid rains in producing

regions 2-3 days back has again fall down and trading nea

supply.

Price and Arrivals at Major Markets

State Markets

Modal Wholesale Prices (Rs/Qtl)

01 Apr

2019

Gujarat Surat 700

Andhra Pradesh Palamaner 1000

Karnataka Bangalore 1000

Belgaum NA

Madhya Pradesh Indore NA

Maharashtra Pune 900

Delhi Delhi 608

Uttar Pradesh Agra NA


In U.P, potato acreage is estimated to be 5.80 lakh hectares compared to 6.10 lakh hectares.

Loading is in progress and so far approximately 80% loading is completed. Loading is delayed

this year compared to last year. Traders are expecting capacity utilization of 87

compared to 78% last year.

Developments that are still influencing the Markets:

In West Bengal, loading in cold storages is in progress and so far approximately

80% loading is completed compared to last year’s 92% during this time.

In West Bengal, loading prices has increased to Rs 700/ qtl compared to Rs

450/ quintal 2 weeks back because of crop damage in later stage harvesting.

Potato prices are firm in most of the markets across the country because in

West Bengal it is estimated 85% capacity utilization this year compared to 92% last year.

According to trade sources demand from South India is maximum from U.P

In West Bengal, prices have increased in last few day by Rs 150

quintal and presently trading at Rs 500-Rs 550/quintal because of rains at later stage has

In Gujarat, loading is in progress and so far approximately 50% loading is

completed. Traders are expecting approximately 85-90% loading this year from a total storage

est Bengal, loading in cold storage is in progress and so far approximately

45% loading is completed compared to last year 55% loading by this time.

In West Bengal, loading prices are trading near Rs 450/ quintal compared to

ces of Rs 800/ quintal during this time. Traders are expecting 100% capacity

utilization this year amid bumper production.

In Punjab, loading in cold stores is in progress and pace of storage is slower

than last year because rains disrupted the supply. Approximately 20-30% loading is completed

65% loading by this time.

In West Bengal, prices which were slightly tight amid rains in producing

3 days back has again fall down and trading near Rs 450/ quintal because of normal

Price and Arrivals at Major Markets

Potato

Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons

30 Mar

2019 Change

01 Apr

2019

30 Mar

2019

875 -175 725 740

1000 Unch 1 1

1100 -100 2501 1488

1300 - NA 360

800 - NA 594

NA - 477 NA

622 -14 2131 1252

580 - NA 1520


02nd

April,2019

In U.P, potato acreage is estimated to be 5.80 lakh hectares compared to 6.10 lakh hectares.

loading is completed. Loading is delayed

this year compared to last year. Traders are expecting capacity utilization of 87-92% in U.P

in cold storages is in progress and so far approximately

In West Bengal, loading prices has increased to Rs 700/ qtl compared to Rs

Potato prices are firm in most of the markets across the country because in

to 92% last year.

trade sources demand from South India is maximum from U.P

In West Bengal, prices have increased in last few day by Rs 150-Rs 200/

Rs 550/quintal because of rains at later stage has

In Gujarat, loading is in progress and so far approximately 50% loading is

90% loading this year from a total storage

est Bengal, loading in cold storage is in progress and so far approximately

In West Bengal, loading prices are trading near Rs 450/ quintal compared to

ces of Rs 800/ quintal during this time. Traders are expecting 100% capacity

In Punjab, loading in cold stores is in progress and pace of storage is slower

30% loading is completed

In West Bengal, prices which were slightly tight amid rains in producing

r Rs 450/ quintal because of normal

Arrivals in Tons

Source 30 Mar

Change

-15 Agmarknet

+0.80 NAM

+1013 Agmarknet

- Agmarknet

- Agmarknet

- Agmarknet

+879 Agmarknet

- Agmarknet

Tomato Today’s Developments:

• Prices are coming down in most of the

Developments that are still influencing the Market:

• (01 April 2019) -In Madanapalle, modal prices has increased to Rs. 1500 amid lower arrivals

from producing regions.

• (01 April 2019) -Prices are firm in

regions.

• (01 April 2019) -In Uttar Pradesh, tomato crop is coming in market from Sitapur, Agra, Merrut,

Jaunpur, Faizabad. Arrivals are expected to increase in coming days.

• (29 March 2019) - Tomato prices are expected to remain on higher side for coming couple of

weeks in most of the markets.

• (25 March 2019) - In Andhra Pradesh, prices reported firm in most of the markets amid lower

arrivals from producing regions.

• (23 March 2019) - Prices in

weeks because of lower arrivals from M.P and U.P.

• (19 March 2019) -Across the country tomato crop is coming in market from M.P, Rajasthan,

Gujarat, Uttar Pradesh and smaller quantity from South

• (18 March 2019) - In North India, tomato prices reported higher because of lower crop from

producing regions of U.P as previous week rains has damaged the crop to some extent.

• (14 March 2019) - Tomato prices have increased in most of the markets ami

producing regions of Uttar Pradesh and Karnataka. Tomato crop from U.P is coming in lower

quantity because previous weeks rains has damaged the crop to some extent.

• (12 March 2019) - In Maharashtra, Peak season starts from August month

mainly comes from local region only during this period of time. Presently crop is coming is

coming in market from other parts of Maharashtra but in smaller.

• (12 March 2019) - In Madhya Pradesh, tomato crop is coming in market from Jabalpur,

and Indore. Crop size is expected to be smaller in coming days.


State Markets

Modal Wholesale Prices (Rs/Qtl.)

01 Apr

2019

Andhra

Pradesh

Mulakalacheruvu NA

Madanapalle 1400

Kalikiri 1330

Pattikonda NA

Gurramkonda 800

Karnataka Chintamani 900

Kolar 1333

Maharashtra Pune 1300

Delhi Delhi 1147

Telangana Bowenpally NA


Prices are coming down in most of the markets amid higher arrivals from producing regions.

Developments that are still influencing the Market:

In Madanapalle, modal prices has increased to Rs. 1500 amid lower arrivals

Prices are firm in most of the markets because of lower arrivals from producing

In Uttar Pradesh, tomato crop is coming in market from Sitapur, Agra, Merrut,

Jaunpur, Faizabad. Arrivals are expected to increase in coming days.

Tomato prices are expected to remain on higher side for coming couple of

weeks in most of the markets.

In Andhra Pradesh, prices reported firm in most of the markets amid lower

arrivals from producing regions.

Prices in North India are expected to remain range bound for coming few

weeks because of lower arrivals from M.P and U.P.

Across the country tomato crop is coming in market from M.P, Rajasthan,

Gujarat, Uttar Pradesh and smaller quantity from South India.

In North India, tomato prices reported higher because of lower crop from


Tomato prices have increased in most of the markets amid lower supply from


quantity because previous weeks rains has damaged the crop to some extent.

In Maharashtra, Peak season starts from August month


coming in market from other parts of Maharashtra but in smaller.

In Madhya Pradesh, tomato crop is coming in market from Jabalpur,

and Indore. Crop size is expected to be smaller in coming days.


Tomato

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

01 Apr

2019

30 Mar

2019 Change

01 Apr

2019

30 Mar

2019

800 - NA 30

1400 1500 -100 36 23

1330 1130 +200 14 13

NA - NA NA

1240 -440 6 4

933 -33 58 60

1333 1334 -1 77 73

1300 NA - 239 NA

1147 1316 -169 682 814

1500 - NA 148


02nd

April,2019

markets amid higher arrivals from producing regions.

In Madanapalle, modal prices has increased to Rs. 1500 amid lower arrivals

most of the markets because of lower arrivals from producing

In Uttar Pradesh, tomato crop is coming in market from Sitapur, Agra, Merrut,

Tomato prices are expected to remain on higher side for coming couple of

In Andhra Pradesh, prices reported firm in most of the markets amid lower

North India are expected to remain range bound for coming few

Across the country tomato crop is coming in market from M.P, Rajasthan,

In North India, tomato prices reported higher because of lower crop from


d lower supply from


In Maharashtra, Peak season starts from August month onward and crop


In Madhya Pradesh, tomato crop is coming in market from Jabalpur, Shivpuri

Arrivals in Tons

Source 30 Mar

2019 Change

- Agmarknet

+13.6 NAM

+1.1 NAM

- NAM

+1.5 NAM

-2 Agmarknet

+4.4 Agmarknet

- Agmarknet

-131.9 Agmarknet

- Agmarknet

Turmeric Today’s Developments:

• In Nizamabad, current season new Turmeric arrivals reported around 45,500 MT till 28th March

compared to last year same period 43,610 MT, 4.3% reported up from last year.

• In Warangal market new Turmeric likely to enter after 15th April.


• In Andhra Pradesh, Duggirala market new turmeric likely to enter from April first week and after

Lok Sabha election (11th April) quantity likely to increase. Sources revealed that, farmer are

preparing fresh turmeric for boiling after that it will sundry for next ten to fifteen days.

• Due to moisture content new crop supply buyers reported unresponsive.

• As per Agriwatch’s estimate in Andhra Pradesh, acreage to rise by 8% from last year’s 15,941

hectares to 17,216 hectares due to increase in prices. Production is likely to rise from 57,335 MT

(basis dry crop) last year to 61,921 MT current year.

• As per Agriwatch’s Second advance production estimate, Turmeric production for 2019

estimated at 532,353 MT (basis

production may go down further as Maharashtra standing crop is at very crucial stage.

Prices & Arrivals

State Market Variety Modal Price (Rs/Qtl)

01-Apr

Andhra

Pradesh

Duggirala Finger 5381

Bulb 5225

Kadapa Finger NA

Bulb NA

Telangana

Nizamabad Finger 5050

Bulb 4000

Warangal Finger 6550

Round 6350

Tamil Nadu Erode Finger NA

Bulb NA

NCDEX:

Contract Change Open

19 Apr +186.00 6108.00

19 May +168.00 6170.00

19 Jun +150.00 6330.00

As on 01st April, 2019 at 5:00 pm Prices in Rs/quintal, V


In Nizamabad, current season new Turmeric arrivals reported around 45,500 MT till 28th March


In Warangal market new Turmeric likely to enter after 15th April.

ts that are still Influencing Markets:

In Andhra Pradesh, Duggirala market new turmeric likely to enter from April first week and after


for boiling after that it will sundry for next ten to fifteen days.

Due to moisture content new crop supply buyers reported unresponsive.

As per Agriwatch’s estimate in Andhra Pradesh, acreage to rise by 8% from last year’s 15,941

hectares due to increase in prices. Production is likely to rise from 57,335 MT

(basis dry crop) last year to 61,921 MT current year.

As per Agriwatch’s Second advance production estimate, Turmeric production for 2019

estimated at 532,353 MT (basis dry crop) compared to previous year’s 476,771 MT. Turmeric


Turmeric

Modal Price (Rs/Qtl) Change

Arrivals (Qtl)

Apr-19 30-Mar-19 01-Apr-19 30-Mar

5381 NA - NA NA

5225 NA -

NA - NA NA

NA -

5050 4600 +450 209 326

4000 4169 -169

6550 Closed - NA NA

6350 Closed -

6359 - NA 1842.9

5669 -

Turmeric at NCDEX

High Low Close

6324.00 6102.00 6270.00

6354.00 6170.00 6330.00

6436.00 6306.00 6416.00

As on 01st April, 2019 at 5:00 pm Prices in Rs/quintal, Volumes and Open interest in MT


02nd

April,2019

In Nizamabad, current season new Turmeric arrivals reported around 45,500 MT till 28th March


In Andhra Pradesh, Duggirala market new turmeric likely to enter from April first week and after


for boiling after that it will sundry for next ten to fifteen days.

As per Agriwatch’s estimate in Andhra Pradesh, acreage to rise by 8% from last year’s 15,941

hectares due to increase in prices. Production is likely to rise from 57,335 MT

As per Agriwatch’s Second advance production estimate, Turmeric production for 2019-20 is

dry crop) compared to previous year’s 476,771 MT. Turmeric


Change Source

Mar-19

NA - NAM

NA - NAM

326 -117 NAM

NA - Agriwatch

1842.9 - Agmarknet

Volume O.Int

2990 6125

3695 9970

595 1170

olumes and Open interest in MT

Chilli Today’s Developments:

• Continued export demand reported well from China, Sri Lanka, Malaysia, Bangladesh and UAE etc.

• As per trade information, chilli cold storage stocks as on date (including old and new crops) in

Guntur stood at 157,500 to 162,000 MT and in Andhra Pradesh aro

according to various trade estimates.


• In Andhra Pradesh, Chilli sowing for the Rabi season as of 13th Mar reported at 14,385 hectare as

compared to 20,453 hectare in the corresponding period last year. Normal area reported 25,950

hectare. Chili is at flowering to picking stage.

• Overall, the average rainfall received in Andhra Pradesh from 1

as 594.9 mm as against the Normal as on date of 873.8 mm showing by Deficit

• New crop supply continued in Guntur market, however current year quality reported

lower rainfall and virus infection.

• As per Agriwatch second advance 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 second advance production estimate, Red Chilli production for 2019

estimated at 12.22 lakh MT. Previous year’s production was 10.50 lakh MT.

Prices & Arrivals

State Market Variety Modal Price (Rs/Qtl)

01-Apr-

Andhra

Pradesh Guntur

Teja 8500

334 8300

Telangana Khammam Red 8500

Warangal Talu 2500


Continued export demand reported well from China, Sri Lanka, Malaysia, Bangladesh and UAE etc.

As per trade information, chilli cold storage stocks as on date (including old and new crops) in

Guntur stood at 157,500 to 162,000 MT and in Andhra Pradesh around 184,500 to 189,000 MT

according to various trade estimates.


In Andhra Pradesh, Chilli sowing for the Rabi season as of 13th Mar reported at 14,385 hectare as


hectare. Chili is at flowering to picking stage.

verage rainfall received in Andhra Pradesh from 1-6-2018 to 13-03

as 594.9 mm as against the Normal as on date of 873.8 mm showing by Deficit –

New crop supply continued in Guntur market, however current year quality reported

lower rainfall and virus infection.

As per Agriwatch second advance estimate, Andhra Pradesh production likely to come 434,449


032 hectares.

As per Agriwatch’s second advance production estimate, Red Chilli production for 2019

estimated at 12.22 lakh MT. Previous year’s production was 10.50 lakh MT.

Red Chilli

Modal Price (Rs/Qtl) Change

Arrivals (Qtl)

-19 30-Mar-19 01-Apr-19 30-Mar

8500 7000 +1500 370 484

8300 8300 Unch 596 856

8500 NA - 17680 NA

2500 NA - 19290 NA


02nd

April,2019

Continued export demand reported well from China, Sri Lanka, Malaysia, Bangladesh and UAE etc.

As per trade information, chilli cold storage stocks as on date (including old and new crops) in

und 184,500 to 189,000 MT

In Andhra Pradesh, Chilli sowing for the Rabi season as of 13th Mar reported at 14,385 hectare as


03-2019 is recorded

31.9 percent.

New crop supply continued in Guntur market, however current year quality reported lower due to

As per Agriwatch second advance estimate, Andhra Pradesh production likely to come 434,449


As per Agriwatch’s second advance production estimate, Red Chilli production for 2019-20 is

Change Source Mar-19

484 -114 NAM

856 -260 NAM

NA

Agmarknet

NA

Agmarknet

Maize Today’s Developments:

• In Davangere region of Karnataka, maize is moving towards Bengaluru at Rs.

Namakkalat Rs. 2200 per quintal, Chitradurga at Rs. 2100 per quintal, Chennai at Rs. 2200 per

quintal, Sangali at Rs. 2100 per quintal and Ranebennur at Rs. 2050 per quintal (Delivered price);

sourced from Davangere.

• In Gulabbagh region of Bihar, new maize arrival contains moisture up to 18% and is trading at

Rs.2050-2150 per quintal.


• In Nizamabad region, maize is likely to trade steady to range bound in the near

new crop arrival pressure as demand of Hyderabad and Pune feed makers supporting to the

market. As per trade source, in Godavari district of A.P, new crop quality is good and being

delivered to Vijayawada at Rs. 1930

likely to start soon.

• As per USDA, U.S corn exports reached 28.78 MMT in the 2018

(for the period 15th Mar-

previous week and 25 percent from the previous 4

like; Mexico (234,500 MT), Japan (190,900 MT), South Korea (133,100 MT), Colombia (102,600

MT), and the Dominican Republic (72,500 MT).

• IGC increased its global corn production forecast

compared to previous year; driven by upward projection for

partially offset by declines in the European Union and Ukraine

ending stock was down by 39 MMT t

record demand.

• As per trade sources, India exported 16,114 MT of maize for the month of February’19 at an

average FoB of $301.69/ MT. Indian maize is exported mainly to Nepal mainly through Jogbani

ICD followed by Raxaul and Sonauli ICD port.

• In India, Rabi maize has been sown in around 15.56 lakh hectares as of 22nd February, 2019

which is lower than 17.28 lakh hectares during corresponding period last year. In Bihar, maize

has been sown in around 4.75 la

corresponding period last year. Crop conditions are favourable till the time. All India Rabi maize

production is estimated by Agriwatch at 5.67 MMT for the year 2018/19.

Prices & Arrivals:

State/

District Market Grade

Telangana Nizamabad Bilty

Bihar Gulabbagh Bilty

Karnataka Davangere Loose

Delhi Delhi Loose

Andhra

Pradesh Kurnool Loose


In Davangere region of Karnataka, maize is moving towards Bengaluru at Rs.

Rs. 2200 per quintal, Chitradurga at Rs. 2100 per quintal, Chennai at Rs. 2200 per


In Gulabbagh region of Bihar, new maize arrival contains moisture up to 18% and is trading at


In Nizamabad region, maize is likely to trade steady to range bound in the near



delivered to Vijayawada at Rs. 1930-1950 per quintal while in Tenali district, crop arrivals are

As per USDA, U.S corn exports reached 28.78 MMT in the 2018-19 marketing year. At 0.96 MMT

- 21st Mar, 2019) US corn exports were up 26 percent from the

percent from the previous 4-week average mainly for the destinations


MT), and the Dominican Republic (72,500 MT).

IGC increased its global corn production forecast for 2019/20 by 10 MMT to 1124 MMT

compared to previous year; driven by upward projection for United States, China and Brazil

partially offset by declines in the European Union and Ukraine. However, forecast for global corn

ending stock was down by 39 MMT to 266 MMT compared to 2018/19 on the expectation of

As per trade sources, India exported 16,114 MT of maize for the month of February’19 at an


llowed by Raxaul and Sonauli ICD port.

In India, Rabi maize has been sown in around 15.56 lakh hectares as of 22nd February, 2019


has been sown in around 4.75 lakh hectare which is almost equal to 4.70 lakh hectares during


production is estimated by Agriwatch at 5.67 MMT for the year 2018/19.

Maize

Modal Price

(Rs./Qtl) Change

Arrivals (Qtl)

01 Apr

2019

30 Mar

2019

01 Apr

2019

30 Mar

2019

Closed Closed - Closed Closed

2100 2069 +31 1500 NA

1950 1950 Unch 1000 1000

2250 2250 Unch NA NA

NA 1601 - NA 10

*Difference between current and previous day’s prices.


02nd

April,2019

In Davangere region of Karnataka, maize is moving towards Bengaluru at Rs. 2170 per quintal,

Rs. 2200 per quintal, Chitradurga at Rs. 2100 per quintal, Chennai at Rs. 2200 per


In Gulabbagh region of Bihar, new maize arrival contains moisture up to 18% and is trading at

In Nizamabad region, maize is likely to trade steady to range bound in the near term despite



Tenali district, crop arrivals are

19 marketing year. At 0.96 MMT

21st Mar, 2019) US corn exports were up 26 percent from the

week average mainly for the destinations


for 2019/20 by 10 MMT to 1124 MMT

United States, China and Brazil

. However, forecast for global corn

o 266 MMT compared to 2018/19 on the expectation of

As per trade sources, India exported 16,114 MT of maize for the month of February’19 at an


In India, Rabi maize has been sown in around 15.56 lakh hectares as of 22nd February, 2019


kh hectare which is almost equal to 4.70 lakh hectares during


Change Source

- AGRIWATCH

- AGRIWATCH

Unch AGRIWATCH

- AGRIWATCH

- ENAM


Sugar

Today’s Developments:

• The firm trend has been seen in the sugar wholesale market prices across the nation.

warned by the government to sell sugar not below MSP in all sugar producing states.

disparate to sell sugar stocks

whereas in Khatauli market prices were trading at 3175 INR per quintal.

Today’s Developments that are still Influencing Markets:

• (1st

Apr 2019) ICRA the rating agency released their revised prediction for total sugar production

for 2019-20 at 30.7 million tonnes

Pradesh, the largest growing state. Also the production may be

‘B’ heavy molasses and sugarcane juice away from sugar into ethanol.

• (28 March 2019) Only 27 mills were operating in the center

March, compared with 50 mills at this time last year accor

south mills crushed 1.59 million tonnes of cane in the first half of March, 53 percent less than in

the same period a year earlier. Due to dry spell in December and January, followed by ample

March rains which delayed crushing in mills. Sugar production was marginal at 9,000 tonnes (80

percent less than previous year). Ethanol production was 142 million liters (23 percent less).

• (27 Mar 2019) According to data compiled by the Cane Commissioner’s Office in Lucknow, as on

March 22, the state’s sugar mills have bought cane worth Rs 24,888.65 crore

2018-19 crushing season (October

Rs.315 per quintal for normal and Rs.325 per quintal for early

pay Rs.22,175.21crore within the stipulated 14

payments have been only Rs.12,339.04crore, translating into arrears of Rs.9,836.17 crore. Adding

the dues of Rs.238.81 crore

Rs.10,074.98crore. Of the Rs 10,074.98 crore, as much as Rs.4,547.97crore, or over 45 per cent, is

due from mills in just six constituencies: Meerut, Baghpat, Kairana, Muzaffarnagar, Bijnor and

Saharanpur.

• (26 Mar 2019) Indian traders have contracted 2.2 million tonnes of sugar for exports as of March

7, according to industry officials.

including third-party exports. Uttar Pradesh has exported 300,000

exported 300,000 tonnes.

• (25 Mar 2019) 85 India sugar mills in the state of Maharashtra, India's second

producing region, have closed as of March 15

56 sugar mills closed by March 15 in Karnataka, India's third

versus 48 mills that closed a year earlier reported by ISMA on Friday.

• (20 Mar 2019)According to ISMA, the arrears of UP mills have further increased to about Rs.12000

crore (on SAP basis), while pan India outstanding are estimated at more than Rs.24000 crore

according to ISMA. While the union government has extended the soft loan window for the sugar

sector by another 4 weeks.

• (18 Mar 2019) Sugar production rose by 6% to 273.

than 258.2 LT produced during the corresponding period in the previous sugar season, said a

release from the Indian Sugar Mills Association (ISMA) on Monday. While 154 mills have closed

crushing operations whereas 373 are still crushing.


The firm trend has been seen in the sugar wholesale market prices across the nation.

warned by the government to sell sugar not below MSP in all sugar producing states.

disparate to sell sugar stocks.In Kolhapur, sugar market prices remained below MSP at Rs.3050/q

market prices were trading at 3175 INR per quintal.

Today’s Developments that are still Influencing Markets:


20 at 30.7 million tonnes from its earlier estimate of 31.5 mt due to a decline in Uttar

Pradesh, the largest growing state. Also the production may be further hit due to the diversion of

‘B’ heavy molasses and sugarcane juice away from sugar into ethanol.

Only 27 mills were operating in the center-south region in the first half of

March, compared with 50 mills at this time last year according to Unica said on Tuesday.



crushing in mills. Sugar production was marginal at 9,000 tonnes (80


According to data compiled by the Cane Commissioner’s Office in Lucknow, as on

March 22, the state’s sugar mills have bought cane worth Rs 24,888.65 crore during the current

19 crushing season (October-September) at the state government’s fixed (“advised”) price of

Rs.315 per quintal for normal and Rs.325 per quintal for early-maturing varieties. They were to

pay Rs.22,175.21crore within the stipulated 14-day period of taking cane delivery. But the actual


the dues of Rs.238.81 crore from the previous 2017-18 season takes the total to



(26 Mar 2019) Indian traders have contracted 2.2 million tonnes of sugar for exports as of March

, according to industry officials. Maharashtra has exported about 800,000 tonnes of sugar,

party exports. Uttar Pradesh has exported 300,000 tonnes and Karnataka too

(25 Mar 2019) 85 India sugar mills in the state of Maharashtra, India's second

producing region, have closed as of March 15 versus 38 mills that closed a year earlier, and that

ls closed by March 15 in Karnataka, India's third-biggest sugar-

versus 48 mills that closed a year earlier reported by ISMA on Friday.

According to ISMA, the arrears of UP mills have further increased to about Rs.12000

(on SAP basis), while pan India outstanding are estimated at more than Rs.24000 crore


Sugar production rose by 6% to 273.47 lakh tonnes (LT) of sugar till March 15more



reas 373 are still crushing.


02nd

April,2019

The firm trend has been seen in the sugar wholesale market prices across the nation. Mills are

warned by the government to sell sugar not below MSP in all sugar producing states. Mills are

ained below MSP at Rs.3050/q


from its earlier estimate of 31.5 mt due to a decline in Uttar

further hit due to the diversion of

south region in the first half of

ding to Unica said on Tuesday. Center-



crushing in mills. Sugar production was marginal at 9,000 tonnes (80


According to data compiled by the Cane Commissioner’s Office in Lucknow, as on

during the current

September) at the state government’s fixed (“advised”) price of

maturing varieties. They were to

day period of taking cane delivery. But the actual


18 season takes the total to



(26 Mar 2019) Indian traders have contracted 2.2 million tonnes of sugar for exports as of March

Maharashtra has exported about 800,000 tonnes of sugar,

tonnes and Karnataka too

(25 Mar 2019) 85 India sugar mills in the state of Maharashtra, India's second-largest sugar

versus 38 mills that closed a year earlier, and that

-producing region,

According to ISMA, the arrears of UP mills have further increased to about Rs.12000

(on SAP basis), while pan India outstanding are estimated at more than Rs.24000 crore


47 lakh tonnes (LT) of sugar till March 15more



• (18 Mar 2019)In the ongoing sugarcane crushing season of 2018

mills-94 private, 24 co-operative, and one state

farmers and paid Rs 11,350 crore, th

have to make a payment of Rs 290 crore for the 2017

• (17 Mar 2019) The mixed trend has been seen across the major Indian sugar markets.

disparate to sell sugar stocks.

Khatauli market prices were trading in range 3160

• (17 Mar 2019) In sugar season 2018 (October

requirement of ethanol for blending with petrol stood at 3,136 ML and for the current 2019

season the requirement is estimated at 3,300ML. Considering the current ethanol capaci

billion litres, it will cross 10% blending with petrol in the next year. States like Maharashtra and UP

having achieved 9% or even higher blending owing to high availability of sugarcane.

Prices

State/ District Market

Maharashtra Kolhapur

Uttar Pradesh Khatauli

Andhra Pradesh Vijayawada

Delhi Delhi


In the ongoing sugarcane crushing season of 2018-19, the 119 operational UP sugar

operative, and one state - had procured cane worth Rs 23,200 crore from

farmers and paid Rs 11,350 crore, thus leaving an unpaid portion of Rs 11,850 crore. Besides, mills

have to make a payment of Rs 290 crore for the 2017-18 season.

The mixed trend has been seen across the major Indian sugar markets.

disparate to sell sugar stocks. In Kolhapur sugar market prices are trading at 3050 where as in

market prices were trading in range 3160 -3125 INR per quintal from last week.

In sugar season 2018 (October- September), the OMCs (Oil Marketing Companies)


season the requirement is estimated at 3,300ML. Considering the current ethanol capaci



Sugar (M grade)

Modal Price (Rs /Qtl)

Change01-Apr-19 30-Mar-19

Kolhapur 3050 3050 unch

Khatauli 3175 3140 +35

Vijayawada 3480 3480 unch

3100 3100 unch


02nd

April,2019

19, the 119 operational UP sugar

had procured cane worth Rs 23,200 crore from

us leaving an unpaid portion of Rs 11,850 crore. Besides, mills

The mixed trend has been seen across the major Indian sugar markets. Mills are

sugar market prices are trading at 3050 where as in

3125 INR per quintal from last week.

September), the OMCs (Oil Marketing Companies)


season the requirement is estimated at 3,300ML. Considering the current ethanol capacity of 3.8



Change Source

unch AW

35 AW

unch AW

unch AW

Cotton Today’s Developments:

• Cotton prices expected to trade higher side due to exports demand from International

markets. Moreover, raising domestic demand and procurement by CCI also support prices.

However, CCI started selling of its stock in first week of April may keep prices in range.

• The arrivals tremendously increased to 5182on Monday in Adoni market

and cotton farmers have stocked an amount of cotton and were waiting for the prices to rise.

Recent Developments that are still Influencing Market

• (1st

Apr 2019) CCI has commenced the sale of 1.1 million bales cotton procured in the 2018

2019 (October-September)

Rs.47,000/candy via e-auction so far in the physical market of Telangana and Maharashtra

the state agency.

• (1st

Apr 2019) The area under cotton is seen rising to 350,000 ha, compared with 275,000 ha in

2018-19.As the acreage under paddy is seen declining due to shift in acreage to maize and

cotton as the underground water table level is

normally starts late April in irrigated areas of north India, while in rain

country, it starts in June.

• (27 Mar 2019)Cotton prices are steadily moving up

crop have already arrived in the market. Since early March, prices have strengthened

by Rs.3,000a candy (of 356 kg each) to

water shortage, in key growing regions of Gujarat, Maharashtra

account for about half of the country’s production.

• (26 Mar 2019) Daily cotton arrivals have declined to about 80,000

lakh bales last year.Also the market price of raw cotton or

minimum support price (MSP) at

And Nearly 90 lakh bales of the fibre is lying in stocks, of which mills have about 45 lakh bales,

while the remaining is with corporates, CCI, gi

• (25 Mar 2019) The latest estimates by the Indian Cotton Association pegs domestic cotton

production at 328 lakh bales for the 2018

lakh bales. The current year output is 10 percent lower th

increasing probability of El nino is a concern for Indian monsoon, and thereby for the Kharif

grown fibre crop.

• (20 Mar 2019)Short supply in local markets caused India to impose a ban on cotton exports.

export ban for cotton was imposed with "immediate effect", a statement issued by the Indian

Commerce Ministry. India has already exported 8.5 million bales (1.4 million tons) in the current

financial year, which ends in March that is more than a government estimate of 8.4

bales. It was also to ensure that India has enough cotton available locally and even r

demand for the commodity in China pushed up prices

• (19 Mar 2019)CAI has estimated Indian crop size of 328 lakh bales

estimation of 330 lakh bales. Last year, crop size was 365 lakh bales which means India will have

37 lakh bales less crop as compared to the previous season.Until now, around 67% of the cotton

has arrived in the market this season

• (17 Mar 2019)According to Cotton Cooperation of India, bought 11 lakh bales of cotton from

ginners and in coming days, 4 to 5 lakh bales will be bought by CCI. The Cooperation will

commence selling cotton bales from April.


prices expected to trade higher side due to exports demand from International

. Moreover, raising domestic demand and procurement by CCI also support prices.


The arrivals tremendously increased to 5182on Monday in Adoni market as some of the millers


Recent Developments that are still Influencing Market

CI has commenced the sale of 1.1 million bales cotton procured in the 2018

September) of which around 10,000 bales have already been sold at the rate of

auction so far in the physical market of Telangana and Maharashtra

The area under cotton is seen rising to 350,000 ha, compared with 275,000 ha in

As the acreage under paddy is seen declining due to shift in acreage to maize and

cotton as the underground water table level is reducing in the state like Punjab.

normally starts late April in irrigated areas of north India, while in rain-fed regions of the

Cotton prices are steadily moving up even as about 70 per cent of the


Rs.3,000a candy (of 356 kg each) to Rs.44,500 now. And Cotton acreage fell drastically, due to

water shortage, in key growing regions of Gujarat, Maharashtra and Karnataka, which together

account for about half of the country’s production.

Daily cotton arrivals have declined to about 80,000-90,000 bales as against 1.3

Also the market price of raw cotton or kapas gained 10 per

minimum support price (MSP) at Rs.5,850-5,900 a quintal after CCI bought about 12 lakh bales.

Nearly 90 lakh bales of the fibre is lying in stocks, of which mills have about 45 lakh bales,

while the remaining is with corporates, CCI, ginners and MCX.

The latest estimates by the Indian Cotton Association pegs domestic cotton

production at 328 lakh bales for the 2018-19 season, compared to preliminary estimates of 348

lakh bales. The current year output is 10 percent lower than the 2017-18 season. Moreover,


Short supply in local markets caused India to impose a ban on cotton exports.

otton was imposed with "immediate effect", a statement issued by the Indian

has already exported 8.5 million bales (1.4 million tons) in the current

financial year, which ends in March that is more than a government estimate of 8.4

It was also to ensure that India has enough cotton available locally and even r

demand for the commodity in China pushed up prices, threatening India's textile makers.

CAI has estimated Indian crop size of 328 lakh bales of 170 kg against earlier



has arrived in the market this season.

According to Cotton Cooperation of India, bought 11 lakh bales of cotton from


commence selling cotton bales from April.


02nd

April,2019

prices expected to trade higher side due to exports demand from International

. Moreover, raising domestic demand and procurement by CCI also support prices.


some of the millers


CI has commenced the sale of 1.1 million bales cotton procured in the 2018-

around 10,000 bales have already been sold at the rate of

auction so far in the physical market of Telangana and Maharashtra said

The area under cotton is seen rising to 350,000 ha, compared with 275,000 ha in

As the acreage under paddy is seen declining due to shift in acreage to maize and

reducing in the state like Punjab.Sowing of cotton

fed regions of the

even as about 70 per cent of the estimated


Rs.44,500 now. And Cotton acreage fell drastically, due to

and Karnataka, which together

90,000 bales as against 1.3

gained 10 per cent above the

5,900 a quintal after CCI bought about 12 lakh bales.

Nearly 90 lakh bales of the fibre is lying in stocks, of which mills have about 45 lakh bales,

The latest estimates by the Indian Cotton Association pegs domestic cotton

19 season, compared to preliminary estimates of 348

18 season. Moreover,


Short supply in local markets caused India to impose a ban on cotton exports. The

otton was imposed with "immediate effect", a statement issued by the Indian

has already exported 8.5 million bales (1.4 million tons) in the current

financial year, which ends in March that is more than a government estimate of 8.4 million

It was also to ensure that India has enough cotton available locally and even rising

, threatening India's textile makers.

of 170 kg against earlier



According to Cotton Cooperation of India, bought 11 lakh bales of cotton from


• (17 Mar 2019)President Indian

consumptions of local mills this year wills will be 3 crore 15 lakh bales. At the end of the year

stock will be 17 lac bales as compared to the last year stock of 26 lakh bales.

and July the rate of cotton which is per candy (356 kg) is from Rs 42000 to Rs 43000 is expected

to be from Rs 47,500 to 48000. He said that government will increase support price from 10 % to

15 % in the next season while the government has increased the sup

the current year.

• (16 Mar 2019) The Punjab state agriculture department has started preparing for upcoming

cotton sowing season that normally starts by April end and continues throughout May. The state

department this year has fix

2.83 lakh hectares of last year.

• (13Mar 2019) Cotton prices may rebound and rise around 10% by July, according to a survey by

the Cotton Association of India. The survey was conducted on last

including ginners, spinners, trade officials and brokerages, at the

Conference. The participants in the survey pegged the spot price of Shankar

traded variety of the commodity,

42,000-43,500 rupees now.

Prices & Arrivals

State/ District Market


01-Apr

Gujarat Rajkot 6115

Andhra Pradesh Adoni 6235

Andhra Pradesh Guntur NA

Andhra Pradesh YEMMIGANUR NA


President Indian Cotton Association Atul S. Ganatra told that the expected


stock will be 17 lac bales as compared to the last year stock of 26 lakh bales.

July the rate of cotton which is per candy (356 kg) is from Rs 42000 to Rs 43000 is expected


15 % in the next season while the government has increased the support price by 26 % during

The Punjab state agriculture department has started preparing for upcoming


department this year has fixed the target of cotton sowing in 3.20 lakh hectares as compared

2.83 lakh hectares of last year.

prices may rebound and rise around 10% by July, according to a survey by

Association of India. The survey was conducted on last week among 250 participants,

including ginners, spinners, trade officials and brokerages, at the Cotton India 2019 International

The participants in the survey pegged the spot price of Shankar

traded variety of the commodity, at 46,000-47,260 rupees a candy (1 candy = 356 kg), up from

43,500 rupees now.

Cotton


Change

Arrivals (Qtl)

Apr-19 30-Mar-19 01-Apr-19 30-Mar

6115 NA - 1200 NA

6235 6229 +6 5182 3183

NA NA - NA NA

NA NA - NA NA


02nd

April,2019

Cotton Association Atul S. Ganatra told that the expected


stock will be 17 lac bales as compared to the last year stock of 26 lakh bales.This year in June

July the rate of cotton which is per candy (356 kg) is from Rs 42000 to Rs 43000 is expected


port price by 26 % during

The Punjab state agriculture department has started preparing for upcoming


ed the target of cotton sowing in 3.20 lakh hectares as compared

prices may rebound and rise around 10% by July, according to a survey by

week among 250 participants,

Cotton India 2019 International

The participants in the survey pegged the spot price of Shankar-6 cotton, the top

47,260 rupees a candy (1 candy = 356 kg), up from

Change Source Mar-19

- APMC

3183 +1999 Agriwatch

- Agriwatch

- NAM

Palm Oil Today’s Developments:

• No Significant Development


• (1 Apr 2019)-According to cargo surveyor Intertek Testing Services (ITS), Malaysia’s Mar

exports rose 22.4 percent to 1,522,204 tons compared to 1,243,308 tons last month. Top buyers

were India & subcontinent 374,220 tons (303,114 tons), European Union 447,135 tons (476,575

tons) and China at 156,795 tons (99,925 tons). Values in bra

• (29 Mar 2019)-Palm oil prices are expected to fall on slow fall in stocks of palm oil in Malaysia in

coming months due to rise in palm oil production and slow rise exports. Palm oil imports by EU

from Malaysia are expected

deforestation by Malaysia and Indonesia. Banning of palm oil based biodiesel by EU has led to

escalation of trade tensions. EU has banned palm oil biodiesel angering both Malaysia and

Indonesia which together produce 90 percent of global palm oil. Palm oil consumption is

expected to fall in 2019 for the first time since records were maintained of global demand and

supply estimates. Palm oil stocks are expected to remain above 3 MMT in March d

palm oil production and slow rise in exports. Production is expected to rise in March as MPOA

reported 0.8% rise in production in Malaysia in first 20 days of March indicating that production

will rise in March while exports of palm oil will

EU, China. Demand of palm oil is weak by India from Malaysia due to continuous fall in prices of

palm oil, high stocks at ports, negative import parity and weak refining margins. Palm oil imports

by China from Malaysia has risen due to lower imports of soybean due to swine flu and negative

crush margins has led to lower crush of soybean leading to lower production of soy oil has led to

higher imports if palm oil.

• (19 Mar 2019)-According to Malaysia Palm Oil Boar

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

2056.04 ringgit ($502.70) per ton. Tax is calculated above 2,250 ringgit starting from 4.5 percent

to a maximum of 8.5 percent

• (18 Mar 2019)-Crude Palm oil import scenario

(SEA), CPO Imports fell 8.80 percent y

2019. Imports in oil year 2018

lower y-o-y at 23.82 lakh tons compared to 23.87 lakh tons in last oil year.

• (18 Mar 2019)-RBD palmolein import scenario

19.30 percent to 2.41 lakh tons from 2.02 lakh tons in Feb

(November 2019-February 2019) were reported higher by 6.75 perecent y

compared to 6.07 lakh tons in corresponding period last oil year.

• (15 Mar 2019)-According to Indonesia finance ministry, Indonesi

unchanged at zero. Indonesia will put levy of USD 10

exceeds USD 570 per ton. If prices exceed above USD 619, USD 50 per ton levy will be imposed.

In place of monthly levy review, now l

has kept crude palm oil export duty at zero since May 2017.

• (11 Feb 2019)- According to Malaysia Palm Oil Board (MPOB), Malaysia’s February palm oil

stocks rose 1.34 percent to 30.46 lakh tons compared to 30.05 lakh tons in January 2019.

Production of palm oil in Feb fell 11.10 percent to 15.45 lakh tons compared to 17.37 lakh t

in Jan 2019. Exports of palm oil in Feb fell 21.38 percent to 13.21 lakh tons compared to 16.81

lakh tons in Jan 2019. Imports of palm oil in Feb rose 15.71 percent to 0.94 lakh tons compared


No Significant Development


According to cargo surveyor Intertek Testing Services (ITS), Malaysia’s Mar



tons) and China at 156,795 tons (99,925 tons). Values in brackets are figures of last month.

Palm oil prices are expected to fall on slow fall in stocks of palm oil in Malaysia in


from Malaysia are expected to be hit due to ban of use of palm oil in biodiesel due to rapid



sia which together produce 90 percent of global palm oil. Palm oil consumption is


supply estimates. Palm oil stocks are expected to remain above 3 MMT in March d



will rise in March while exports of palm oil will remain firm in March due to firm demand from



alaysia has risen due to lower imports of soybean due to swine flu and negative


According to Malaysia Palm Oil Board (MPOB), Malaysia kept April crude palm oil



f 8.5 percent.

Crude Palm oil import scenario- According to Solvent Extractors Association

(SEA), CPO Imports fell 8.80 percent y-o-y in Feb to 4.98 lakh tons from 5.46 lakh tons in Feb

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

y at 23.82 lakh tons compared to 23.87 lakh tons in last oil year.

RBD palmolein import scenario- RBD palmolein imports rose y

19.30 percent to 2.41 lakh tons from 2.02 lakh tons in Feb 2018. Imports in oil year 2018

February 2019) were reported higher by 6.75 perecent y-o-y at 6.48 lakh tons

compared to 6.07 lakh tons in corresponding period last oil year.

According to Indonesia finance ministry, Indonesia kept March

unchanged at zero. Indonesia will put levy of USD 10-USD 25 if the government reference prices


In place of monthly levy review, now levy review will take place every three months. Indonesia

has kept crude palm oil export duty at zero since May 2017.

According to Malaysia Palm Oil Board (MPOB), Malaysia’s February palm oil


Production of palm oil in Feb fell 11.10 percent to 15.45 lakh tons compared to 17.37 lakh t




02nd

April,2019

According to cargo surveyor Intertek Testing Services (ITS), Malaysia’s Mar palm oil



ckets are figures of last month.

Palm oil prices are expected to fall on slow fall in stocks of palm oil in Malaysia in


to be hit due to ban of use of palm oil in biodiesel due to rapid



sia which together produce 90 percent of global palm oil. Palm oil consumption is


supply estimates. Palm oil stocks are expected to remain above 3 MMT in March due to rise in



remain firm in March due to firm demand from



alaysia has risen due to lower imports of soybean due to swine flu and negative


d (MPOB), Malaysia kept April crude palm oil



According to Solvent Extractors Association

y in Feb to 4.98 lakh tons from 5.46 lakh tons in Feb

y 2019) were reported marginally

RBD palmolein imports rose y-o-y in Feb by

2018. Imports in oil year 2018-19

y at 6.48 lakh tons

a kept March-May export duty

USD 25 if the government reference prices


evy review will take place every three months. Indonesia

According to Malaysia Palm Oil Board (MPOB), Malaysia’s February palm oil


Production of palm oil in Feb fell 11.10 percent to 15.45 lakh tons compared to 17.37 lakh tons



to 0.82 lakh tons in Jan 2019. End stocks of palm oil unexpe

on fall in end stocks. Rise in end stocks was primarily due to fall in exports.

• (4 Mar 2019)-According to Indonesia Palm Oil Association (GAPKI), exports of palm oil (CPO and

PKO) from Indonesia rose 13.1 percent in J

2018. Exports of palm oil (CPO and PKO) were rose 5.1 m

Dec 2018 at 2.95 MMT. Stocks of palm oil in Jan 2019 rose to 3.02 MMT, up 7 percert y

Prices:

Palm Oil Prices (In Rs./ 10 Kg)


Crude Palm Oil (FFA 5%)

Gujarat Kandla

Andhra Pradesh Krishnapatnam

RBD Palmolein

Gujarat Kandla

Andhra Pradesh Kakinada


Palm Oil at MCX

Contract Open High

30-Apr-19 525.90 529.00

31-May-19 532.50 534.70

30-Jun-19 0.00 0.00

As on 1-Apr-2019 at 9 pm


to 0.82 lakh tons in Jan 2019. End stocks of palm oil unexpectedly rose against trade expectation

on fall in end stocks. Rise in end stocks was primarily due to fall in exports.

According to Indonesia Palm Oil Association (GAPKI), exports of palm oil (CPO and

PKO) from Indonesia rose 13.1 percent in Jan y-o-y to 3.10 MMT from were 2.74 MMT in Jan

2018. Exports of palm oil (CPO and PKO) were rose 5.1 m-o-m in Jan at 3.10 MMT compared to

Dec 2018 at 2.95 MMT. Stocks of palm oil in Jan 2019 rose to 3.02 MMT, up 7 percert y

Market 1 Apr 2019 30 Mar 2019 Change

Kandla 516 516 Unch

Krishnapatnam 518 518 Unch

Kandla 585 585 Unch

Kakinada 585 585 Unch



High Low Close Change Volume(Lots)

529.00 525.50 526.70 +0.80 628

534.70 531.90 532.60 -0.10 426

0.00 0.00 536.00 0.00 0

2019 at 9 pm


02nd

April,2019

ctedly rose against trade expectation

According to Indonesia Palm Oil Association (GAPKI), exports of palm oil (CPO and

y to 3.10 MMT from were 2.74 MMT in Jan

m in Jan at 3.10 MMT compared to

Dec 2018 at 2.95 MMT. Stocks of palm oil in Jan 2019 rose to 3.02 MMT, up 7 percert y-o-y.

Change Source

Unch Agriwatch

Unch Agriwatch

Unch Agriwatch

Unch Agriwatch

Unch Agriwatch


Volume(Lots) O.Int

628 4160

426 2059

46

2019 at 9 pm Rs/Quintal

Sunflower oil Today’s Developments:



• (29 Mar 2019)-Across board weakness is seen in

CNF also showed weakness but at a lower rate. Import demand of sunflower oil is expected to

fall due to high sunflower oil premium over palm oil. Stocks of sunflower oil fell at ports despite

flat imports indicating destocking at ports will increase import demand. Low premium of sun oil

over soy oil is expected to increase demand in increase import demand. Further weakness in

sunflower oil is expected in coming weeks.

• (18 Mar 2019)-Sunflower oil imports scen

Sunflower oil imports fell 6.13 percent y

2018. Imports in oil year 2018

percent y-o-y at 8.02 lakh tons compared to 8.14 lakh tons in last oil year.

• (8 Mar 2019)-Sunflower oil premium over soy oil in CNF markets have increased to $11 per ton

from $-9 per ton last week and premium in domestic markets have reached to 5 per 10 kg

unchanged from last week. Also, premium of sunflower oil over RBD palmolein has decreased

to Rs 165 per 10 kg Rs 160 per 10 kg last week. Prices of sunflower oil are estimated to trade

lower on weak demand and disparity in imports. High premium over palm oil will

prices.

• (19 Feb 2019)-Sunflower oil prices are supported by low premium over soy oil at CNF and

domestic markets and falling premium over RBD palmolein at domestic and CNF markets.

Imports of sunflower oil surged in Jan after 4 months of weak i

port stocks fell indicating firm demand. Imports of sunflower oil are expected to remain firm in

Feb due to low premium over soy oil and palm oil.

• (5 Feb 2019)-Sunflower oil premium over soy oil in CNF markets have increas

from $-9 per ton last week and premium in domestic markets have reached to 10 per 10 kg up

Rs 0 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has decreased

to Rs 150 per 10 kg Rs 160 per 10 kg last week. Pri

higher on low premium over soy oil and palm oil and firm demand.

Prices:

Sunflower Oil Prices (In Rs./ 10 Kg)


Tamil Nadu Chennai


Andhra Pradesh Kakinada




Across board weakness is seen in sunflower cash markets in March. Sunflower oil



icating destocking at ports will increase import demand. Low premium of sun oil


sunflower oil is expected in coming weeks.

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

Sunflower oil imports fell 6.13 percent y-o-y in Jan to 2.00 lakh tons from 2.13 lakh tons in Feb

2018. Imports in oil year 2018-19 (November 2018-February 2019) were reported lower by 1.47

y at 8.02 lakh tons compared to 8.14 lakh tons in last oil year.

Sunflower oil premium over soy oil in CNF markets have increased to $11 per ton

9 per ton last week and premium in domestic markets have reached to 5 per 10 kg

d from last week. Also, premium of sunflower oil over RBD palmolein has decreased


lower on weak demand and disparity in imports. High premium over palm oil will

Sunflower oil prices are supported by low premium over soy oil at CNF and


Imports of sunflower oil surged in Jan after 4 months of weak imports. Despite rise in imports


Feb due to low premium over soy oil and palm oil.

Sunflower oil premium over soy oil in CNF markets have increas

9 per ton last week and premium in domestic markets have reached to 10 per 10 kg up



higher on low premium over soy oil and palm oil and firm demand.

Sunflower Oil Prices (In Rs./ 10 Kg)

Market 1 Apr 2019 30 Mar 2019 Change

Chennai 740 750 -10


Kakinada 745 745 Unch



02nd

April,2019

sunflower cash markets in March. Sunflower oil



icating destocking at ports will increase import demand. Low premium of sun oil


According to Solvent Extractors Association (SEA),

y in Jan to 2.00 lakh tons from 2.13 lakh tons in Feb

February 2019) were reported lower by 1.47

Sunflower oil premium over soy oil in CNF markets have increased to $11 per ton

9 per ton last week and premium in domestic markets have reached to 5 per 10 kg

d from last week. Also, premium of sunflower oil over RBD palmolein has decreased


lower on weak demand and disparity in imports. High premium over palm oil will underpin

Sunflower oil prices are supported by low premium over soy oil at CNF and


mports. Despite rise in imports


Sunflower oil premium over soy oil in CNF markets have increased to $-18 per ton

9 per ton last week and premium in domestic markets have reached to 10 per 10 kg up


ces of sunflower oil are estimated to trade

Change Source

Agriwatch

Unch Agriwatch

Unch Agriwatch


Groundnut oil Today’s Developments



• (25 Mar 2019)-Groundnut oil prices are supported by firm demand. Demand firmed due to

demand at lower levels. Retail demand improved due to stability in groundnut oil prices. Prices

of groundnut oil will be capped as pea

groundnut by NAFED will keep prices moderate. Higher premium groundnut oil over sunflower

oil and palm oil will cap gains in groundnut oil prices. In Andhra Pradesh groundnut oil prices are

falling due to weak demand against good stock position and pressure on prices due to harvest of

groundnut.

• (12 Mar 2019)-Groundnut oil prices increased on improved demand. However, Groundnut oil

prices will remain under pressure further due to high stocks of groundnut with NAFED. Also,

exports of groundnut are weak and it is diverted towards crushing thereby increasing suppl

groundnut oil. There is parity in crush of groundnut for old crop. Groundnut oil is underpinned

by fall in prices of palm oil.

• (26 Feb 2019)-Groundnut oil prices are expected to be supported by demand at lower levels.

Retail demand is expected to st

demand at these levels. However, groundnut oil prices will remain under pressure due to high

stocks of groundnut with NAFED. Also, exports of groundnut are weak and it is diverted towards

crushing thereby increasing supply of groundnut oil. In Andhra Pradesh groundnut oil prices are

falling in parity with Gujarat and weak demand. Stock position of groundnut oil is good and

there is parity inn crush of groundnut. Groundnut oil is supported by falli

sunflower oil.

Prices:

Groundnut Oil Prices (In Rs./ 10Kg)


Gujarat Rajkot

Telangana Hyderabad

Tamil Nadu Chennai



that are still Influencing Markets:

Groundnut oil prices are supported by firm demand. Demand firmed due to


of groundnut oil will be capped as peak demand season is over. Higher unloading of stocks of



to weak demand against good stock position and pressure on prices due to harvest of

Groundnut oil prices increased on improved demand. However, Groundnut oil


exports of groundnut are weak and it is diverted towards crushing thereby increasing suppl


by fall in prices of palm oil.

Groundnut oil prices are expected to be supported by demand at lower levels.

Retail demand is expected to strengthen due to stability of groundnut oil prices. There is



thereby increasing supply of groundnut oil. In Andhra Pradesh groundnut oil prices are


there is parity inn crush of groundnut. Groundnut oil is supported by falli

Groundnut Oil Prices (In Rs./ 10Kg)

1 Apr 2019 30 Mar 2019 Change

950 950 Unch

950 950 Unch

940 940 Unch



02nd

April,2019

Groundnut oil prices are supported by firm demand. Demand firmed due to


k demand season is over. Higher unloading of stocks of



to weak demand against good stock position and pressure on prices due to harvest of

Groundnut oil prices increased on improved demand. However, Groundnut oil


exports of groundnut are weak and it is diverted towards crushing thereby increasing supply of


Groundnut oil prices are expected to be supported by demand at lower levels.

rengthen due to stability of groundnut oil prices. There is



thereby increasing supply of groundnut oil. In Andhra Pradesh groundnut oil prices are


there is parity inn crush of groundnut. Groundnut oil is supported by falling premium over

Source

Agriwatch

Agriwatch

Agriwatch


Rice

Today’s Developments:

• By increasing the effect of El

production in Philippines is estimated to fall by 1.2 million

Because of which the import of rice in Philippines next year can be 23

effect of El-Niño he current season can reduce the production of rice by 1.5

Recent Developments that are still influencingthe Markets:

• (29 Mar 2019)From April-2018 to January 2019, 33.65 lakh tons of basmati rice and 61.21 lakh

tons of non-basmati rice were exported from the country, 32.8 lakh tons of basmati and 72.4

lakh tons of non-basmati rice were

to last year. The export of basmati rice increased marginally but the export of non

came down drastically.

• (26 Mar 2019)According to the Australia Meteorological Department, 70% of the

Niño in 2019, this is three times the normal speed. Generating monsoon rains in India, especially

in the form of El-Niño. Rainfall from June to September may affect the production of kharif

season crops especially paddy due to monsoon rains.

• (25 Mar 2019)The Punjab Government has set a target for the production of sowing area and

production of various crops for the Kharif season of 2019

been reduced by 4 percent for the target paddy compared to the second ad

for the current marketing season of 2018

Agriculture Department, the area of paddy in Punjab in the 2018

hectares and its total production is likely to be 191.27 la

target area of 29.50 lakh hectares and production of 182.90 lakh tons has been set.

• (22 Mar 2019)According to the Vietnam Food Association (VFA), Vietnamese rice shipments

have stayed in good shape from the beginning

Malaysia, Cuba and China.Iraq has already signed a deal to purchase 120,000 tonnes of the grain

from Vietnam. Exporters expect to ship some 300,000 tonnes to the Southwest Asian country in

2019, equal to the same amount from the previous year.

• (18 Mar 2019)Indian non-basmati rice exporters have begun to lose the white rice market in

Africa, the largest buyer, to competitors such as Vietnam, Myanmar and Pakistan as a hike in the

minimum support price for paddy

competitiveness of the cereal. Though the Centre had provided an incentive of 5 per cent under

the Merchandise Exports from India Scheme (MEIS) since November 25, the recent

strengthening of the rupee has offset

March 25 and so far, there has been no clarity on its continuation. As a result, international

buyers are holding on to their orders, awaiting the Indian government’s stance on the incentive.

“No orders are being booked beyond March 25.

• (16 Mar 2019)Demand of premium variety of GovindoBhog paddy of West Bengal is increasing

from South India and Bangladesh. Last year GovindoBhog Paddy prices were Rs 3000 per quintal,

which now has increased 17% to Rs. 35

increased by 9% from last year to Rs. 5100 per quintal; Last year, the GovindaBhog rice prices

were Rs. 4700 per quintal.


By increasing the effect of El-Niño, rice production in the Philippines could be reduced. Rice

production in Philippines is estimated to fall by 1.2 million tons to 190 lakh tons in 2019.

Because of which the import of rice in Philippines next year can be 23-25 lakh tonnes. Increasing

Niño he current season can reduce the production of rice by 1.5-2 lakh tonnes.

still influencingthe Markets:

2018 to January 2019, 33.65 lakh tons of basmati rice and 61.21 lakh

basmati rice were exported from the country, 32.8 lakh tons of basmati and 72.4

basmati rice were exported during the same period of last year i.e. compared

to last year. The export of basmati rice increased marginally but the export of non

According to the Australia Meteorological Department, 70% of the


Niño. Rainfall from June to September may affect the production of kharif

season crops especially paddy due to monsoon rains.

The Punjab Government has set a target for the production of sowing area and

production of various crops for the Kharif season of 2019-20. The 2018-20 kharif seasons has

been reduced by 4 percent for the target paddy compared to the second advance estimate set

for the current marketing season of 2018-19. According to the data released by the State

Agriculture Department, the area of paddy in Punjab in the 2018-19 season was 31.03 lakh

hectares and its total production is likely to be 191.27 lakh tons. For the 2019

29.50 lakh hectares and production of 182.90 lakh tons has been set.

According to the Vietnam Food Association (VFA), Vietnamese rice shipments

have stayed in good shape from the beginning of March thanks to the robust demand from Iraq,



same amount from the previous year.

basmati rice exporters have begun to lose the white rice market in


minimum support price for paddy and an appreciating rupee have impacted the



strengthening of the rupee has offset the impact of the scheme. Moreover, the MEIS ends on



are being booked beyond March 25.

Demand of premium variety of GovindoBhog paddy of West Bengal is increasing


which now has increased 17% to Rs. 3500 per quintal. Similarly, GovindoBhog rice prices have



02nd

April,2019

Niño, rice production in the Philippines could be reduced. Rice

tons to 190 lakh tons in 2019.

lakh tonnes. Increasing

2 lakh tonnes.

2018 to January 2019, 33.65 lakh tons of basmati rice and 61.21 lakh

basmati rice were exported from the country, 32.8 lakh tons of basmati and 72.4

exported during the same period of last year i.e. compared

to last year. The export of basmati rice increased marginally but the export of non-basmati rice

According to the Australia Meteorological Department, 70% of the chances of El-


Niño. Rainfall from June to September may affect the production of kharif

The Punjab Government has set a target for the production of sowing area and

20 kharif seasons has

vance estimate set

19. According to the data released by the State

19 season was 31.03 lakh

kh tons. For the 2019-20 seasons, the

29.50 lakh hectares and production of 182.90 lakh tons has been set.

According to the Vietnam Food Association (VFA), Vietnamese rice shipments

of March thanks to the robust demand from Iraq,



basmati rice exporters have begun to lose the white rice market in


and an appreciating rupee have impacted the



the impact of the scheme. Moreover, the MEIS ends on



Demand of premium variety of GovindoBhog paddy of West Bengal is increasing


00 per quintal. Similarly, GovindoBhog rice prices have


Prices & Arrivals

State/

District

Market

Grade

CHHATTISGARH BALOD PADDY

1001

CHHATTISGARH BHATAPARA Paddy

HMT

CHHATTISGARH RAJIM

Paddy

samba

Masuri

TELANGANA BADEPALLY PADDY

SONA

TELANGANA MAHBUBNA

GAR 1010

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company dwarrant its accuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This documenot, and should not be construed as, an offer to sell or solicitation to buy any commodities. This document may not be reprodor published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company. IASL anand/or their officers, directors and employees may have positions in any commodities mentioned iand may from time to time add to or dispose of any such commodities (or investment). Please see the detailed disclaimer at © Agribusiness Systems Ltd.


Grade

Modal Price(Rs

/Qtl) Change

Arrivals (Qtl)

1-Apr-

19

30-

Mar-

19

1-Apr-

19

30-

Mar-19

PADDY

1001 1750 1730 +20 32 26

Paddy

HMT 1780 1800 -20 15 10

Paddy-

samba

Masuri

1780 1800 -20 35 25

PADDY-

SONA 1800 1820 -20 12 10

1010 1720 1750 -30 14 12

Disclaimer

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company daccuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This docume

not, and should not be construed as, an offer to sell or solicitation to buy any commodities. This document may not be reprodor published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company. IASL anand/or their officers, directors and employees may have positions in any commodities mentioned in this document (or in any related investment) and may from time to time add to or dispose of any such commodities (or investment). Please see the detailed disclaimer at ©


02nd

April,2019

Change

Source

19

+6 E-

nam

+5 E-

nam

+10 E-

nam

+2 E-

nam

+2 E-

nam

The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not 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 published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company. IASL and its affiliates

n this document (or in any related investment) and may from time to time add to or dispose of any such commodities (or investment). Please see the detailed disclaimer at © 2019 Indian

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