AP Daily Commodities Outlook ReporT 2019-1-23 Agriculture Rep… · restricted. New crop from Raj and MP is expected from mid Feb. Steady to slightly weak momentum might be seen in

Daily Price Monitoring Report

23 January 2019

Pulses Today’s Developments:

• Karnataka govt. has released 2nd Adv. Est for 2018-19 crops on 22nd Jan-2019. It has decreased tur

production estimate from 1st Adv Est. of 7.22 to 5.82 lakh tonne, down by over30%.Chana

production estimate too has been decreased by 27.46 % from4th Adv. estimate to 5.23 lakh toone.

However, moong production estimate has been increased from1.16 to 1.38 lakh tonne in second Adv

estimate.

• Pressure on chana continues with rains in many growing regions. Buyers are not willing to buy in bulk

quantity at current level despite lower area coverage. In Delhi market chana is being traded at

Rs4450-4475 per qtl. Actually, higher availability of chana in MP in Central pool and continuous

selling by Nafed has put a cap on market. Futures too remain unsupportive to cash market.

Availability is higher than actual demand. So any spike in chana market is unlikely in the near term.

Recent rains have benefitted chana crop in many growing regions. It may continue to trade in the

range of Rs4300 to 4600 in the north and central India.

Recent Developments that are still Influencing Markets:

• (22 Jan 2019) Pressure on chana market continues. Recent rains have benefitted chana, tur and

masur crops standing in the field. In Delhi market chana traded at Rs4450-4475 per qtl.No trade was

reported in first session. Nafed selling continued to cap uptrend in chana market. Buying remains

restricted. New crop from Raj and MP is expected from mid Feb. Steady to slightly weak momentum

might be seen in the near term.

• (21 Jan 2019) Moong procurement from kharif 2018 season is almost over in all states except

Gujarat and UP. Nafed has procured 294743.97 MT so far. Rajasthan has contributed the highest

quantity 236277.28MT So far. The season is likely to end with 2.95 lakh tonne. Karnataka has

contributed 29136.74MT, Telangana-13375.31 MT and Mah-13007.73MT.Stock in central pool is

2.95 lakh tonne. If Nafed decides to sell, it would ease supply side. Besides, new crop from Rabi

season would be available from March end.So any big spike in cash moong market is unlikely.

• (18 Jan 2019) Lower production and yield of tur crop in major growing belt and private trades active

buying remain supportive to tur market. Trades are being taken place at Rs5000 qtl, while forward

deal for Feb is being struck at Rs5200. There is no parity for north India from Karnataka. Besides, crop

condition in Myanmar too is not good and production is expected to decrease by 15 to 20 % there

too. So millers are buying at higher price. Old stock is decreasing fast. Besides, Karnataka govt would

buy tur at 6100 per qtl. It may help market to move up again. Under current scenario, tur price may

touch MSP level soon. Pulses market is awaiting Madras high court decision over import of moong

and urad. It is expected on 20-21 Jan-2019.It would decide market trend for urad and moong.

Karnataka govt would buy tur at Rs6100 per qtl., offering bonus of Rs 425 per qtl.

• (15 Jan 2019) Pulses market is awaiting Madras high court decision over import of moong and urad.

It is expected on 20-21 Jan-2019.It would decide market trend for urad and moong.

• (11 Jan 2019) AP govt. has published 2nd Adv. estimate for principal pulses crop on 4th Jan-2019.Tur

area and production has been pegged at 249 thousand ha and 122 thousand tonne this year in

AP.Urad area and production has been pegged at 356 thousand ha & 298 thousand MT this year in

AP. Out of total kharif and rabi area, kharif contributes 334 thousand ha and rabi contributes 22

thousand ha.Moong area & production has been pegged at 133 lakh ha and 85 thousand MT in the

second adv. estimate for pulses in AP. Out of total kharif and rabi moong production of rabi moong

has been pegged at 77 thousand MT in AP.

• (08 Jan 2019) Madras high court is likely to start hearing the case related to pulses import from

today. Market expects result soon. There is a common view in the market that court will give decision


23 January 2019

in favor of govt.It means import higher than permitted quantity would not be allowed in any case.

So, firmness in pulses in the near term depends on court’s decision.

• (04 Jan 2019) Nafed may retain 4 lakh MT chana &1.5 lakh tonne Masur for PDS. This means Nafed

in MP would release/sell chana in the open market maintaining 4 lakh tonne for PDS. There will be

no tender for masur.

• (03 Jan 2019) Govt. has procured 259576.29MT moong during Kharif-18 Season as on 01-01-2019

under PSS. Around 29136.74MT has been procured in Karnataka. Around 390.64MT in Tamil Nadu

and 13375.31 MT in Telangana. The maximum quantity (202765.58MT) has been procured in

Rajasthan and 10931.22MT in Maharashtra. The rest quantity has been procured in other states.

• (29 Dec 2018) Govt. allowed export of Tur, Urad and moong dal. It may help market to recover in

the medium term. Exporters are awaiting export incentives to be competitive in global pulses market.

• (24 Dec 2018) Tur market may trade firm as crop in south India is believed to be 30 percent lower

this year. The real impact of lower crop size might be seen from March-2019 and it may move up by

Rs 300 to Rs500 from current level. Buyers are active and procurement is yet to start. Overall tone

remains firm.

Price & Arrival:

Black Gram

State/District Market

Modal Price

(Rs/Qtl) Chang

e

Arrivals

(Qtl) Chang

e Source

22 Jan

2019

21 Jan

2019

22

Jan

2019

21

Jan

2019

Andhra

Pradesh

Guntur(Got

a Branded) 7500 7600 -100 NA NA - Agriwatch

Andhra

Pradesh Vijaywada 5200 5200 Unch 600 600 Unch Agriwatch

Tamil Nadu Villupuram 5084 5013 71 300 300 Unch Agmarkne

t

Tamil Nadu Chennai 4250 4250 Unch NA NA - Agriwatch

Tur


Modal Price

(Rs/Qtl) Chang

e

Arrivals

(Qtl) Chang

e Source

22 Jan

2019

21 Jan

2019

22

Jan

2019

21

Jan

2019

Andhra

Pradesh

Yemmiganu

r NA NA - NA NA - eNAM

Andhra

Pradesh Kurnool 5447 5602 -155 44 38 6 eNAM

Maharashtra Akola 5100 5300 -200 111 67 44 eNAM

Andhra

Pradesh Vijayawada 4700 4700 Unch NA NA - Agriwatch


23 January 2019

Price &Arrival:

Moong


Modal Price

(Rs/Qtl) Chang

e

Arrivals

(Qtl) Chang

e Source

22 Jan

2019

21 Jan

2019

22

Jan

2019

21

Jan

2019

Rajasthan Jodhpur 5111 5305 -194 16 9 7 eNAM

Karnataka Gulbarga NA NA - NA NA - Agmarkne

t

Madhya

Pradesh Harda NA NA - NA NA -

Agmarkne

t

Andhra Pradesh Vijayawada 5400 5400 Unch 100 100 Unch Agriwatch

Chana


Modal Price

(Rs/Qtl) Chang

e

Arrivals

(Qtl) Chang

e Source

22 Jan

2019

21 Jan

2019

22

Jan

2019

21

Jan

2019

Andhra Pradesh Kurnool 4910 4880 30 9 21 -12 eNAM

Andhra Pradesh Yemmiganu

r NA 4746 - NA 8 - eNAM

Madhya

Pradesh Indore 4300 4325 -25 1000 1000 Unch Agriwatch

Rajasthan Bikaner NA NA - NA NA - eNAM

Chana at NCDEX

Contract Open High Low Close Change Volume O.Int

19-Mar 4258 4302 4222 4297 39 40660 16050

19-Apr 4301 4345 4267 4345 44 13760 3380

19-May 4379 4388 4342 4388 9 580 110

As on 22- Jan- 2019 at 5pm Rs/Quintal


23 January 2019

Groundnut (No Significant Developments)

Current Developments: Recent Developments that are still Influencing Markets: • (02.01.2019) The groundnut rabi sowing has been lower y-o-y as the lower residual moisture

hasn’t helped farmers going for the rabi crop in states of Telangana and Karnataka. However in

TN the sowing is better as the rains has been good.

• The North East Monsoon as on 26th Dec closed with overall 41% deficit. Rabi groundnut area such

as Telangana was deficit by 65%, SI Karnataka by 41%, NI Karnataka by 65%, Rayalseema by 62%

and TN by 22%. Thus the NE monsoon rainfall also didn’t assist in rising groundnut acreages

despite of the prevailing higher groundnut prices as compared to last year.

• (19.12.2018) With the groundnut modal prices at Adoni bottoming out for the season the

downside potential remains limited and the tone of bullishness depends on the quantum of rabi

and summer groundnut arrivals in AP and crop performance in nearby states. Gujarat summer

crop is going to be one of the lowest and hence fresh supplies from rabi and summer seems to be

lower as of now.-

• (18.12.2018) The current cyclone Pethai has brought copious and widespread rains in many parts

of Karnataka, TN, AP and Telangana. Such rain is going to much benefit the prospects of rabi

groundnut sowing. However it is too early to say anything about the spring summer crop which

usually happens to be very negligible in these states.

• (30.11.2018)-The state government of Gujarat after delay of almost a week has decided to

expedite the payment of dues to the groundnut farmers. The first instalment of Rs.167 crore will

be paid to the farmers in the next two days. The government had purchased 40,000 tonnes

groundnuts worth Rs 198 crore from farmers but only Rs 1.22 crore has been paid since the date

of purchase (November 15).

• (22.11.2018)-Exporters of groundnut have urged the Union government to provide 10% incentive

under the Merchandise Exports from India scheme (MEIS) to increase exports to China and the

European Union. Though China and European Union are the major markets for oilseeds, India

exports minimal quantities to these countries. China imported about 290,000 tonnes of

groundnut in 2017-18 and India’s share was only 627 tonnes. Overall imports of groundnut by

European Union is about 8 lakh tonnes and India imports around 15,000 tonnes. India is facing

competition from African countries which has zero duty on exports to China.

• (20.11.2018)-The Gujarat government will conduct groundnut procurement in coordination with

the National Agricultural Cooperative Marketing Federation of India Limited (Nafed). Earlier,

differences had surfaced after Nafed refused to procure groundnut and other agriculture crops

citing inadequate infrastructure with the State agencies. Nafed's concerns came after last year’s

reports of irreg-ularities and malpractices at groundnut warehouses. As per the latest data, so far

8700 tonnes of groundnut worth Rs.43 crore has been procured from over 3700 farmers in the

State.


23 January 2019

Price & Arrival:

Groundnut

State/District Market Variety

Modal Price (Rs/Qtl)

Change

Arrivals (Qtl)

Change Source 22-Jan-19

21-

Jan-19

22-

Jan-

19

21-

Jan-

19

Andhra

Pradesh

Adoni 4219 4930 -711 36 28 8 NAM

Dharmavaram Local - - - - - - Agmarknet

Gooti Local - - - - - - Agmarknet

Guntakal Local - - - - - - Agmarknet

Kadapa Local 4400 NA - 28 26 2 NAM

Kadiri Local - - - - - - Agmarknet

Kalyandurg - - - - - - Agmarknet

Kurnool 4889 4708 181 60 45 15 NAM

Madakasira JL-24 - - - - - - Agmarknet

Penukonda Local - - - - - - Agmarknet

Piler Local - - - - - - Agmarknet

Rayachoti Local - - - - - - Agmarknet

Srikalahasti Other - - - - - - Agmarknet

Tenakallu Local - - - - - - Agmarknet

Yemmiganur 5003 4760 243 33 2 31 NAM

Gujarat

Bhavnagar NA NA - NA NA - NAM

Deesa NA NA - NA NA - NAM

Jamnagar - - - - - - NAM

Rajkot 3660 3500 160 48 36 12 NAM

Telangana

Nagarkurnool 4679 4879 -200 23 30 -7 NAM

Suryapeta 4676 4779 -103 23 21 2 NAM

Tandur 4800 - - 37 - - NAM

Wanaparthy

Town NA 4917 - NA 18 - NAM


23 January 2019

Onion

Today’s Developments

• In Maharashtra, State government has increased the subsidy date by 15 days to 31st Dec. In this

subsidy farmers will get Rs 2/kg on onion sold from 1st November to 31st December to a cap of

maximum 200 quintals each farmer.

• On Tuesday, onion prices moved slightly upward in most of the markets because of lower arrivals

in most of the markets.

Recent Developments that are still influencing the Market:

• (21 January 2019) - Onion arrivals reported higher in most of the markets and prices are trading

firm to steady.

• (17 January 2019) - In Maharashtra, rabi sowing is in progress and expected to last for couple of

weeks but acreage is estimated to be 20-25%lesser than normal sowing acreage of 2.6 lakh

hectares because of lower rainfall during sowing time.

• (17 January 2019) - Across the country prices are trading on lower side because of continuous

arrivals of fresh kharif crop in market but in coming weeks arrivals may decline because of lower

late kharif crop expectation in Maharashtra.

• (11 January 2019) - In Bangalore, onion is coming in market from local region and Maharashtra

which are contributing approximately 35% and 65% respectively. Old stocked crop is also coming

in market in smaller quantity.

• (9 January 2019) - In Lasalgaon, old stocked crop quantity is approximately 15-25 trolly (2.5 ton)

per day and expected to last for next few days only.

• (7 January 2019) - In Lasalgaon, modal prices are trading between Rs 680/ qtl which is similar to

previous year. Last year during same time period prices were trading near Rs 2259/ quintal.

Price and Arrivals in Major Markets

Onion

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

Source 22 Jan 2019 21 Jan 2019 Change 22 Jan 2019 21 Jan 2019 Change

Gujarat Ahmedabad 525 500 25 828 1355 -527 Agmarknet

Rajkot 325 302.5 23 130 350 -220 Agmarknet

Karnataka Bangalore NA 550 - NA 3386 - Agmarknet

Belgaum NA NA - NA NA - Agmarknet

Madhya Pradesh Indore 550 550 Unch 1475 2155 -680 Agmarknet

Maharashtra Lasalgaon NA 551 - NA 2304 - Agmarknet

Pune 600 600 Unch 1867 1743 124 Agmarknet

Andhra Pradesh Kurnool NA 260 - NA 253 - Agmarknet

Rajasthan Jaipur 650 600 50 420 360 60 Agmarknet

Telangana Hyderabad 750 650 100 700 800 -100 Agmarknet


23rd Jan 2019

Potato Today’s Development:

(No Significant developments today)

Developments that are still influencing the Markets:

• (21 January 2019) - In West Bengal, fresh potato prices are trading near Rs 400-Rs 600/ qtl and

potato in cold storage is trading at nominal rates and only able to fetch prices of cold storage rent.

Cold Store potato is trading near Rs 2 to Rs 3.5/kg.

• (17 January 2019) - In Gujarat, traders are expecting acreage to be similar to previous year which

was 1.16 lakh hectares. Fresh crop “Phukraj” variety has started coming in market in small

quantity and expected to increase in coming days.

• (17 January 2019) - In Gujarat, approximately 2% crop is still remaining in cold storage from a

total storage of 22.18 lakh tons.

• (9 January 2019) - In coming days potato prices are expected to move upward by Rs 30 to Rs 150/

quintal because of higher demand in U.P for “Kumbh Mela”.

• (8 January 2019) - In coming days potato prices are expected to move slightly upward by Rs 30 to

Rs 50/ quintal because of higher demand in U.P for “Kumbh Mela”.

• (7 January 2019) - In U.P, potato acreage to be 5% lower than last year acreage of 6.10 lakh

hectares. According to trade sources maximum area reported lower in Aligarh and Hathras

district.

• (7 January 2019) - Across the country prices are trading on lower side because of availability of

new crop from Punjab, West Bengal, Uttar Pradesh and Jharkhand. Traders are expecting prices

to move upward in coming week because of “Kumbh Mela” in Uttar Pradesh.

• (27 December 2018) - In West Bengal, release from cold storages is in progress and so far

approximately 95% has been released from a total storage of 65.31 lakh tons.

Price and Arrivals at Major Markets

Potato

State Markets

Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons

Source 22 Jan

2019

21 Jan

2019 Change 22 Jan 2019 21 Jan 2019 Change

Gujarat Surat 925 950 -25 720 700 20 Agmarknet

Andhra Pradesh Palamaner 1000 500 500 1.3 5.1 -3.80 NAM

Karnataka Bangalore NA 1450 - NA 1704 - Agmarknet

Belgaum NA NA - NA NA - Agmarknet

Madhya

Pradesh Indore 700 700 Unch 399 547 -148 Agmarknet

Maharashtra Pune 1000 900 100 362 474 -112 Agmarknet

Delhi Delhi 737 657 80 2300 390 1910 Agmarknet

Uttar Pradesh Agra 520 530 -10 1208 1170 38 Agmarknet


23rd Jan 2019

Tomato Today’s Developments:

(No Significant developments today)

Developments that are still influencing the Market:

• (22 January 2019) - Tomato prices has dropped down in most of the markets on Monday amid

continuous arrivals from producing regions.

• (18 January 2019) - In Madanapalle, tomato is coming in market from Maharashtra along with

smaller quantity from local region.

• (18 January 2019) - Tomato prices reported firm and are expected to remain firm for coming

weeks because of lower arrivals from producing regions.

• (17 January 2019) - Tomato prices in Andhra Pradesh has fallen in few markets because demand

from “Tamil Nadu” region is lesser because of “Pongal Festival” as modt the markets were closed.

• (11 January 2019) - In Andhra Pradesh, chittor and Anantpur districts tomato acreage is expected

to be lower because of deficit rainfall during sowing time from October to December month.

• (9 January 2019) - In Madanapalle, prices reported lower compared to previous day on Tuesday

because of lower demand from Maharashtra and other region but overall tomato prices are

expected to remain firm in coming days.

• (8 January 2019) - Tomato prices in Madanapalle has increased because of lower arrivals from

producing regions. Prices are expected to remain firm for coming weeks.

Price and Arrivals in Major Markets

Tomato

State Markets

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

Source 22 Jan

2019

21 Jan

2019 Change

22 Jan

2019

21 Jan

2019 Change

Andhra

Pradesh

Mulakalacheruvu 500 600 -100 40 24 16 Agmarknet

Madanapalle 850 850 Unch 105.1 79.4 25.7 NAM

Kalikiri 800 800 Unch 6.9 5.6 1.3 NAM

Pattikonda 750 780 -30 3.4 3.4 Unch NAM

Gurramkonda 1000 800 200 5.5 5.6 -0.1 NAM

Karnataka Chintamani NA 766 - NA 69 - Agmarknet

Kolar 1167 1067 100 214 242 -28 Agmarknet

Maharashtra Pune 1000 1000 Unch 148 232 -84 Agmarknet

Delhi Delhi 785 824 -39 638.9 696.1 -57.2 Agmarknet

Telangana Bowenpally NA NA - NA NA - Agmarknet


23rd Jan 2019

Turmeric Today’s Developments:

• In some spot market, Turmeric prices traded at very low prices due to inferior quality arrival as a

result of off season supply.

• In Maharashtra Sangli spot market new Turmeric likely to enter from fourth week of January.


• Moisture content Turmeric new crop supply reported at Nizamabad mandi.

• Deficit rainfall reported in Maharashtra Marathwada turmeric growing regions like Hingoli, Sangli,

Nanded, Basmat etc. affect Turmeric standing crop. As per local trade information, standing crop

likely to damage around 15 - 20%.

• Local traders are likely to become active in coming days at lower price levels as Maharashtra

production estimate reported lower as a result of drought condition. As per market information,

due to water scarcity standing crop growth is very slow.

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

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

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

• 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.

• In Andhra Pradesh, final Turmeric sowing reported 18,737 hectares as compared to 14,841 hectares

in the corresponding period last year, 104% sowing completed from season normal.

Prices & Arrivals

Turmeric

State Market Variety Modal Price (Rs/Qtl)

Change Arrivals (Qtl)

Change Source 22-Jan-19 21-Jan-19 22-Jan-19 21-Jan-19

Andhra

Pradesh

Duggirala Finger 5680 5680 Unch

603 981 -378 NAM Bulb 5630 5625 5

Kadapa Finger 4100 NA -

21 NA - NAM Bulb NA NA -

Telangana

Nizamabad Finger 5123 4200 923

112 1 111 NAM Bulb 4628 NA -

Warangal Finger 7200 7200 Unch

NA NA - Agriwatch Round 7200 7200 Unch

Tamil Nadu Erode Finger 6100 6300 -200

458 1911 -1453 Agmarknet Bulb 5600 5700 -100

NCDEX:

Turmeric at NCDEX

Contract Change Open High Low Close Volume O.Int

19 Apr -74 6618 6648 6530 6544 1,505 13,245

19 May -54 6664 6660 6584 6610 300 565

19 Jun -74 6618 6648 6530 6544 1,505 13,245

As on 22nd January 2019 at 5:00 pm Prices in Rs/quintal, Volumes and Open interest in MT


23rd Jan 2019

Chilli Today’s Developments:

• Due to lower rainfall in Andhra Pradesh some chilli growing areas affected by virus infection and

quality affected reported.

• Current year total red chilli supply in Guntur market from 1st January 2019 to 18th January 2019,

stands at around 26,325 MT as compared to 17,100 MT in the corresponding period last year, supply

up by 54% an expectation of higher production current year.

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

Guntur stood at 31,500 to 36,000 MT while total stocks in Andhra Pradesh are expected around

58,500 to 63,000 MT according to various trade estimates.


• New chilli crop continued trading at Guntur spot market. Currently moisture content (3% – 10%) new crop arrivals traded. New chilli arrivals started at Warangal spot market, moisture content new crop supply reported.

• In Andhra Pradesh, Chilli sowing for the Rabi season as of 16th Jan reported at 13,762 hectare as compared to 15,265 hectare in the corresponding period last year. Normal area reported 25,950 hectare. Chilli is at transplantation to vegetative stage.

• In Telangana, Chilli sowing for the Rabi season as of 16th Jan reported at 11,397 hectare as compared to 8,198 hectare in the corresponding period last year. Normal area reported 16,336 hectare. It is at vegetative stage.

• As per Agriwatch’s second advance 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) Chang

e

Arrivals (Qtl) Chang

e Source

22-Jan-19 21-Jan-19 22-Jan-19 21-Jan-19

Andhra

Pradesh Guntur

Teja 8700 8300 400 1296 368 928 NAM

334 8200 9400 -1200 168 140 28 NAM

Telangana Khammam Red 8800 8500 300 4800 4400 400 Agmarknet

Warangal Talu NA NA -- NA NA -- Agmarknet


23rd Jan 2019

Maize Today’s Developments:

• In Ahmadabad region of Gujarat, poultry feed makers quoted maize firm by Rs. 100 per quintal to

Rs. 2100 per quintal while starch feed makers quoted it firm by Rs. 70 per quintal to Rs. 2050 per

quintal compared to previous day.

• In Naugachia region of Bihar, maize is likely to trade steady to firm in the near term. Maize is

moving towards Kolkata at Rs.2150 per quintal.

• In Davangere region of Karnataka, demand from Bangalore and Tamil Nadu feed makers is still

supporting to maize cash market despite new crop in Tamilnadu has started. It is moving towards

Bangalore at Rs. 2050 per quintal and Namakkal at Rs. 2100 per quintal (Delivered price); sourced

from Davangere.


• In India, Rabi maize has been sown in around 14.13 lakh hectares as of 18th January, 2019 which

is lower than 15.62 lakh hectares during corresponding period last year. In Bihar, maize has been

sown in around 4.58 lakh hectare which is slightly lower than 4.66 lakh hectares during

corresponding period last year. In Karnataka, it has been sown in around 0.81 lakh hectare which

is lower than 0.99 lakh hectares during corresponding period last year. In Maharashtra, it has been

sown in around 1.16 lakh hectares- lower than 1.90 lakh hectares during corresponding period

last year.

• As per trade sources, India exported 29,016 MT of maize for the month of November’18 at an

average FoB of $241.33/ MT. Indian maize is exported mainly to Nepal followed by Philippines,

Sri Lanka and Qatar mainly through JNPT followed by Raxaul and Mundra port.

• In Andhra Pradesh, due to scarcity of the good quality material and feed makers demand leading

to maize cash market. Further, prices direction could depends on the stock release into the

market.

Prices & Arrivals:

Maize

State/

District Market Grade

Modal Price

(Rs./Qtl) Change

Arrivals (Qtl)

Change Source 22 Jan

2019

21 Jan

2019

22 Jan

2019

21 Jan

2019

Telangana Nizamabad Bilty 1725 1712.5 12.5 300 200 100 AGRIWATCH

Bihar Gulabbagh Bilty 1976 1965 11 NA NA - AGRIWATCH

Karnataka Davangere Loose 1925 1850 75 NA NA - AGRIWATCH

Delhi Delhi Loose 2000 2000 Unch NA NA - AGRIWATCH

Andhra

Pradesh Kurnool Loose 1622 1462 160 10 5 5 ENAM

*Difference between current and previous day’s prices.


23rd Jan 2019

Sugar Today’s Developments:

• Indian Sugar Mills Association (ISMA) has lowered India's 2018-19 sugar production estimate by

2.5% to 307 lakh tonnes from first advance estimate of 315 lakh tonnes issued in October 2018.

ISMA has procured the satellite images of cane area already harvested and remaining un harvested

area in the fields, across the country during mid-season i.e. in the second week of January 2019. On

the basis of these images of harvested and balance area, trend of yields and sugar recoveries

achieved till now as also expected yield/sugar recovery in the balance period of the sugar season,

sugar production in the current season is estimated to be around 307 lakh tonnes, against the first

advance estimates of 315 lakh tonnes released by ISMA in October 2018.This is after considering

estimated diversion of 5 lakh tonnes of sugar into production of ethanol through ‘B’ heavy molasses.

• Till 15th January 2019, 510 sugar mills in the country have produced 146.86 lakh tonnes of sugar,

compared with 135.57 lakh tonnes produced on the corresponding date of last year, i.e., current

year’s production is 8.32% ahead of last year’s production. This is because the mills have started

earlier this season, even though the whole year’s sugar production will be less than last year. As on

15th January 2019, 117 sugar mills in U.P. were operating and they crushed 382.1 lakh tonnes of

sugarcane and produced 41.93 lakh tonnes of sugar.


• (21 Jan 2019) Cane payment arrears reached Rs 19,000 crore for the season up to December 31.This

was more than double last year’s arrears at the same date. Of the total, around Rs 5,000 crore was

carried over from last year. Excess sugar production and depressed domestic sugar price have led to

accumulation of cane price arrears of farmers in sugarcane growing States including Uttar Pradesh,

Maharashtra and Karnataka.

• (21 Jan 2019) The mills have already asked for an increase in the minimum sale price of sugar by Rs

5 a kg, to Rs 34 a kg. Prices in the country are inching up but are still only Rs 2,950 a quintal (Rs 29.5

a kg) in the wholesale market.

• (21 Jan 2019) The sugar production of Maharashtra till January 6, 2019 has gone up by 13.29 per

cent as compared to same time last year. A total of 185 sugar mills were in operation in Maharashtra

and have produced 489.51 lakh quintals of sugar, as compared to 424.50 lakh quintals produced by

182 sugar mills after crushing at least 411.22 lakh MT of cane as on January 6, 2018.

• (17 Jan 2019) - India's sugar exports are likely to be far lower than a 5 million-tonne target set by

government as a strengthening rupee and falling global prices make shipments unattractive despite

a government push for overseas sales. As Agriwatch expected that India is likely to export to 3.0

million tonnes of sugar in the 2018/19 marketing year that started on Oct. 1

• (17 Jan 2019) - The Government of Punjab has released Rs 35 crore to the cooperative sugar mills

of the state towards the payment for sugarcane dues for the year 2017-18. The same has been

credited into the accounts of the sugarcane farmers.The cooperative sugar mills had dues

amounting to Rs 182.26 crore pending towards the government as of December 31, 2018, out of

which Rs 151.82 crores remain due following the payment of Rs 35 crore.Out of these Rs 151.82

crore, a sum of Rs 65 crore has been released by the Punjab Rural Development Board, which would

be paid soon. This was stated by the state cooperation minister, S Sukhjinder Singh Randhawa.


23rd Jan 2019

Prices

Sugar (M grade)

State/ District Market

Modal Price (Rs /Qtl)

Change Source 22-Jan-19 21-Jan-19

Maharashtra Kolhapur 3025 3025 Unch AW

Uttar Pradesh Khatauli 3300 3300 Unch AW

Andhra Pradesh Vijayawada 3440 3440 Unch AW

Delhi Delhi 3040 3039 1 AW


23rd Jan 2019

Cotton Today’s Developments:

• FEB MCX cotton on Tuesday closed down -160 (-0.75%). Cotton Prices have seen in range – bound

from last few weeks due volatility in exchange rate and lower international prices. However the

Cotton spot market prices have been higher this season on account of bullish global cues. Also, pace

of arrivals in India has been slow as farmers await better prices. Prices may strengthen gradually

over the next few months as arrivals are expected to remain slow and demand might improve

significantly from China, Vietnam, Bangladesh and Pakistan.

Recent Developments that are still Influencing Markets

• (22 Jan 2019) India's cotton exports to Pakistan are unlikely to see a sharp jump, despite the

neighbouring country scraping import duty, as high domestic prices have made exports

uncompetitive. Indian cotton is currently available around 43,000 rupees a candy (1 candy = 356 kg),

while prices in Pakistan are at sub 43,500 rupees making it (exports) unviable so far.

• (21 Jan 2019) Indian physical market gained nearly 500 Rs. Per candy during this week. In Gujarat

ginners have big disparity so ginning is running in slow pace. Some ginners closed ginning operation

for festival week.

• (21 Jan 2019) Kapas prices for BT cotton traded lower on week on week at Adoni market, last

reported around INR 5556 per quintal. Cotton supplies reported slowly during the week, mainly due

to festival holidays in key cotton growing regions. All India cotton daily arrivals are stated around

150 K bales. Demand from the export market remains slow, domestic buying is reported to be hand

to mouth. Total arrivals reached approximately 13.70 million bales by now.

• (21 Jan 2019) Domestic prices continue to remain at elevated levels due to hoarding by farmers on

expectation of spike in prices in coming days as domestic consumption remains bullish and output

seen lower. MCX, cotton prices have risen almost 3% , since mid-December and had hit a three week

high of 21,280 rupees a bale.

• (11 Jan 2019) - According AP Agricultural Department, Cotton output in the state, in the 2018-19

season is seen declining 6% on year to 1.91 mln bales. Yield is seen at 525 kg per ha compared with

580 kg per ha in 2017-18. Agriwatch is expecting cotton output for the season for the state it will be

around 1.65 mln bales.

• (11 Jan 2019) - ICE March cotton settled at 73.13 cents, up 1.46 cents, July was at 75.66 cents, up

1.26 cents and December was at 74.19 cents, up 0.96 cent. Wednesday’s estimated volume was

35,900 contracts traded. Sharply higher crude oil prices and a weaker dollar were supportive. Some

of the focus in the recent US/China trade talks was over China’s pledge to buy a substantial amount

of US goods. At the moment, we have little way of gauging current export demand with the

government shutdown keeping the Export Sales reports from being released.

• (09 Jan 2019) - As per the latest estimates by Agriwatch, cotton output in country during the season

2018-19 would be around 338.22 lakh bales (of 170 kg each) which is lower compared to 365 lakh

bales of last season. AW has reduced the crop estimate for Gujarat to around 92.82 lakh bales (from

108 lakh bales last year), Maharashtra to around 72 lakh bales (83 lakh last year), Telangana and AP

by 52.00 lakh and 16.50 lakh bales respectively. The main reason for reduction in cotton crop is that

farmers have uprooted more than 50% of their cotton crop after second picking and foregone the

third and fourth pickings due to moisture deficiency and pest attacks.Dry spells in the initial stages

of the crop, too, led to stunted growth of bolls, were the major reasons to decline in cotton yield in

India.

• (09 Jan 2019) Agriwatch expects imports of cotton during current year may reach 27 lakh bales as

against last year’s of 15 lakh bales. This is supported by weak global prices, which have touched their

lowest levels in more than a year at 72.1 cents per pound for ICE futures by December. The volatility


23rd Jan 2019

in exchange rate, and expectation of lower output this year leads to higher imports of cotton.

Although imports are higher than last year, importers are finding it difficult to locate quality material

as good quality cotton of the US, Australia and Brazil has already been sold. Also, exports have

declined to 53 lakh bales compared to 70 lakh bales during corresponding period of last year. The

reduction in exports is mainly due to stronger Indian Rupee, lower production and weak

international prices.

• (08 Jan 2019) The CAI has estimated cotton crop for 2018-19 season at 335 lakh bales of 170 kgs

each which is lower by 5.25 lakh bales than its previous estimate of 340.25 lakh bales made during

last month. Statements containing the State-wise estimate of the cotton crop and the Balance Sheet

for the crop year 2018-19 with the corresponding data for the previous year are enclosed. The CAI

has reduced the crop estimate for Gujarat, Maharashtra and Telangana by 1.50 lakh bales, 2 lakh

bales and 2 lakh bales respectively. The main reason for reduction in cotton crop is that farmers

have uprooted their cotton plants in about 70-80% cotton area due to moisture deficiency due to

less rains and as a result of which there is no scope for 3rd and 4th pickings.

Prices & Arrivals

Cotton

State/ District Market

Modal Price (Rs /Qtl)

Change

Arrivals (Qtl)

Change Source 22-Jan-

19 21-Jan-

19 22-Jan-

19 21-Jan-

19

Gujarat Rajkot 5585 5575 10 4050 5200 -1150 APMC

Andhra Pradesh Adoni NA 5581 - NA 5459 - Agriwatch

Andhra Pradesh Guntur NA NA - NA NA - Agriwatch

Andhra Pradesh YEMMIGANUR NA NA - NA NA - NAM


23rd Jan 2019

Palm Oil Today’s Developments:

• According to cargo surveyor Societe Generale de Surveillance (SGS), Malaysia’s Jan 1-20 palm oil

exports rose 9.4 percent to 962,507 tons compared to 879,491 tons in corresponding period last

month. Top buyers were European Union 219,740 tons (137,294 tons), China at 194,072 tons

(255,010 tons), India at 146,500 tons (175,910 tons), United States at 69,050 tons (64,405 tons)

and Pakistan at 29,000 tons (38,500 tons). Values in brackets are figures of corresponding period

last month.


• (22 Jan 2019)-Palm oil prices are supported by expectation of fall in stocks of palm oil in Malaysia,

fall in production of palm oil in Malaysia, firm exports of palm oil from Malaysia and firm crude

oil prices. Palm oil end stocks in Malaysia are expected to fall in January in Malaysia due to fall in

production and firm exports. Palm oil stocks rose to record in history in December on back of firm

production and slow rise in exports. Production is expected to fall on seasonal downtrend of

production. Production fell in December indicating that peak production is over and production

will fall until Mar-Apr. Exports of palm oil are expected to stay firm in Malaysia in Jan due to firm

demand from China and India. China will buy more palm oil to set-off lower production of soy oil

in the country due to lower crush on swine flu and lower imports of soybean by China. Chinese

New Year is approaching and demand of edible oils will firm, paving way for more palm oil due to

low supply of soy oil. India is expected to buy more palmolein as Malaysia has been given 5%

lower import duty compared to alternate destinations. Further, India is expected to buy more at

current prices and port stocks of palmolein are low at Indian ports. Rise in crude oil prices will

support palm oil prices.

• (17 Jan 2019)-According to Malaysia Palm Oil Board (MPOB), Malaysia kept February crude palm

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

of 1904.44 ringgit ($463.48) per ton. Tax is calculated above 2,250 ringgit starting from 4.5 percent

to a maximum of 8.5 percent.

• (17 Jan 2019)-Crude Palm oil import scenario- According to Solvent Extractors Association (SEA),

CPO Imports rose 10.2 percent y-o-y in Dec to 6.70 lakh tons from 6.08 lakh tons in Dec 2017.

Imports in oil year 2018-19 (November 2018-December 2018) were reported higher by 6.08

percent y-o-y at 12.39 lakh tons compared to 11.68 lakh tons in last oil year.

• (17 Jan 2019)-RBD palmolein import scenario- RBD palmolein imports rose y-o-y in Dec by 22.43

percent to 1.09 lakh tons from 1.47 lakh tons in Nov 2017. Imports in oil year 2018-19 (November

2019Decemberr 2018) were reported lower by 25.64 percent y-o-y at 21.35 lakh tons compared

to 28.71 lakh tons in last oil year.

• (17 Jan 2019)-Imports of edible oils rose in the month of December on the back of firm palm oil

and sunflower oil imports. CPO imports continued its firm trend for six the month. Imports of RBD

palmolein rose on weak base. Higher CPO imports in December have led to surge in ports stocks

of CPO which will weigh on its prices. RBD palmolein port stocks fell in December despite higher

imports. However, imports performance of CPO and RBD palmoelin will reverse from January as

fresh import duty cut was effective from 2019. Imports of RBD palmolein will rise due to higher

import parity and margins in imports than domestic refined RBD palmoelin. Sunflower oil imports

rose in December due to low premium of sunflower oil over soy oil. Soy oil showed weak imports

in December on seasonal downtrend. January import read will be important to watch as import

duty reduction of palm oil especially RBD palmolein from Malaysia which received preferential

treatment in import duty compared to other palm oil importers.


23rd Jan 2019

• (10 Jan 2019)-According to Malaysia Palm Oil Board (MPOB), Malaysia’s December palm oil stocks

rose 6.92 percent to 32.15 lakh tons compared to 30.07 lakh tons in November. Production of

palm oil in Dec fell 2.02 percent to 18.08 lakh tons compared to 18.45 lakh tons in Nov. Exports

of palm oil in Dec rose 0.57 percent to 13.83 lakh tons compared to 13.75 lakh tons in Nov. Imports

of palm oil in Dec fell 19.15 percent to 1.09 lakh tons compared to 1.35 lakh tons in Nov. End

stocks of palm oil rose more than trade expectation on lower than expected rise in exports.

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

PKO) from Indonesia rose 14.1 percent in November y-oy to 2.99 MMT from were 2.64 MMT in

Nov 2017. Exports of palm oil (CPO and PKO) were fell 4.8 m-o-m in Nov at 2.99 MMT compared

to Oct 2018 at 3.14 MMT. Stocks of palm oil in Nov 2018 fell to 3.89 MMT from 4.41 MMT in Oct

2018.

• (2 Jan 2019)-According to Government of India (GOI) notification number 84/2018-Customs dated

31 December 2018, import duty on crude palm oil is reduced to 40 percent from 44 percent while

on refined palm oil is reduced to 50 percent from 54 percent sourced from Southeast Asian

(ASEAN) countries under the trade agreement between India and ASEAN countries. This makes

total import duty on crude palm oil to 44 percent and 55 percent on refined palm oil after applying

all taxes.

• (27 Dec 2018)-According to Indonesia Palm Oil Association (GAPKI), Indonesia kept January

export duty unchanged at zero. Both threshold prices and tax rates have been kept unchanged.

Indonesia has kept crude palm oil export duty at zero since May 2017 as it expects that it will miss

certain thresholds.

Prices:

Palm Oil Prices (In Rs./ 10 Kg)

State/District Market 22 Dec 2018 21 Dec 2018 Change Source

Crude Palm Oil (FFA 5%)

Gujarat Kandla 558 553 5 Agriwatch

Andhra Pradesh Krishnapatnam 550 550 Unch Agriwatch

RBD Palmolein

Gujarat Kandla 625 627 -2 Agriwatch

Andhra Pradesh Kakinada 632 627 5 Agriwatch

Andhra Pradesh Krishnapatnam 630 625 5 Agriwatch


Palm Oil at MCX

Contract Open High Low Close Change Volume(Lots

) O.Int

31-Dec-18 555.50 558.80 551.70

557.3

0 3.20 1043 2766

31-Jan-19 565.00 568.40 563.60

566.7

0 2.10 896 5739

28-Feb-19 570.80 575.00 569.30

573.1

0 2.90 190 1417

As on 22-Dec-2018 at 9 pm

Rs/Quintal


23rd Jan 2019

Sunflower oil Today’s Developments:

(No Significant Development)


• (22 Jan 2019)-Sunflower oil premium over soy oil in CNF markets have increased to $-9 per ton

from $18 per ton last week and premium in domestic markets have reached to 0 per 10 kg up Rs

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

Rs 160 per 10 kg Rs 155 per 10 kg last week. Prices of sunflower oil are estimated to trade higher

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

• (17 Jan 2019)-Sunflower oil imports scenario- According to Solvent Extractors Association (SEA),

Sunflower oil imports fell marginally y-o-y in Dec to 2.36 lakh tons from 2.37 lakh tons in Dec 2017.

Imports in oil year 2018-19 (November 2018-December 2018) were reported lower by 6.74

percent y-o-y at 4.01 lakh tons compared to 4.30 lakh tons in last oil year.

• (7 Jan 2019)-Sunflower oil premium over soy oil in CNF markets have increased to $18 per ton



Rs 155 per 10 kg Rs 187 per 10 kg last week. Prices of sunflower oil are estimated to trade lower

last week on higher premium over palm oil.

• (26 Dec 2018)-Sunflower oil premium over soy oil in CNF markets have increased to $41 per ton



Rs 187 per 10 kg Rs 195 per 10 kg last week. Prices of sunflower oil are estimated to trade lower

last week on higher premium over palm oil.

• (7 Dec 2018)-Sunflower oil premium over soy oil in CNF markets have increased to $8 per ton

from $-3.0 per ton last week and premium in domestic markets have reached to 15 per 10 kg

down Rs 35 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has

decreased to Rs 195 per 10 kg Rs 158 per 10 kg last week. Prices of sunflower oil traded lower last

week on higher premium over palm oil amid rising discount over groundnut oil.

Prices:

Sunflower Oil Prices (In Rs./ 10 Kg)


Tamil Nadu Chennai 780 780 Unch Agriwatch

Andhra Pradesh Krishnapatnam 775 780 -5 Agriwatch

Andhra Pradesh Kakinada 775 780 -5 Agriwatch



23rd Jan 2019

Groundnut oil Today’s Developments

(No Significant Development)


• (7 Jan 2019)-Groundnut oil prices are expected to be supported by firm demand. Demand is firm

due to peak season demand. Demand is expected to firm if volatility in groundnut oil prices

stabilizes. Prices of groundnut oil will moderate in later part of January as peak season will be

over. Demand of groundnut oil will weaken in the range of Rs 1000-1050 per 10 kg. There is no

parity in crush of groundnut. Rise in palm oil prices will improve groundnut oil demand. In South

India, groundnut oil prices rose in parity with Gujarat and firm demand

• (24 Dec 2018)-Groundnut oil prices are underpinned by weak demand at higher levels. Demand

has weakened despite being peak demand season as prices of groundnut oil is high compared to

competitive oils. Consumers are purchasing mix of oils in place of groundnut oil. Rural demand is

weak as farmers have not received payment of their crops. There is no parity in crush of

groundnut. In Andhra Pradesh prices of groundnut fell in parity with Gujarat.

• (7 Dec 2018)-Saurashtra Oil Mills Association (SOMA), has asked union commerce ministry to

announce incentives for groundnut exports. There are about 3,000 groundnut manufacturers in

Suarashtra. Of the 6 lakh ton of exports of groundnut, around 3 lakh tons of groundnut are

exported from Saurashtra. It is asking for six percent duty drawback on exports of groundnut.

There is tough competition in international markets of groundnut.

• (23 NOV 2018)-Exporters of groundnut and sesame seeds have urged the Union government to

provide 10% incentive under the Merchandise Exports from India Scheme (MEIS) to boost the

export to China and the European Union (EU).

Prices:

Groundnut Oil Prices (In Rs./ 10Kg)


Gujarat Rajkot 970 960 10 Agriwatch

Telangana Hyderabad 970 970 Unch Agriwatch

Tamil Nadu Chennai 980 980 Unch Agriwatch



23rd Jan 2019

Rice

Today’s Developments:

• China has pledged to purchase 400,000 tonnes of rice from Cambodia this year. Last year,

Cambodia exported 626,225 tonnes of rice to international markets, a drop of 1.5 percent

compared to 2017. By individual country, the largest buyer was China (170,000 tonnes), followed

by France (90,000 tonnes), Malaysia (40,000 tonnes), Gabon (30,000 tonnes), and the Netherlands

(26,000 tonnes).China’s pledge to buy more rice from Cambodia came as the European

Commission last week imposed tariffs on rice imports from Cambodia and Myanmar.

• According to the latest sowing updates, till January 18-2019, Rabi paddy sowing in the country

has decreased from 4.91 lakh hectare from last year, so far 17.93 lakh hectares was done in paddy

sowing which was 22.84 lakh hectares last year.

Recent Developments that are still influencing the Markets:

• According to news sources European Union is likely this week to impose tariffs on rice coming

from Cambodia and Myanmar for the next three years to curb a surge in imports.

• (11Jan 2019) - Rice procurement this season crossed 263 lakh tons as of Friday compared to 254

lakh tons in the last year till January 2018. Rice procurement is higher than last year so far and it

may turn out to be a record high if the trend reflects in Andhra Pradesh and West Bengal where

procurement lasts till June. After a sluggish beginning, paddy procurement picked up in UP in the

last few weeks as the state relaxed procurement norms. The state allowed up to 35 per cent of

hybrid paddy in overall procurement. Procurement has picked as Uttar Pradesh government has

announced various relaxations including 3 per cent higher Out Turn Ratio for hybrid paddy.

• (04Jan 2019) - All-India progressive procurement of Rice as on 04.01.2019 for 2018-19 was at

262.96 lakh tons against the procurement of 250.46 lakh tons in the corresponding period of last

year.

• (29 Dec 2018) - India’s exports of basmati rice grew by 11.54 per cent to Rs 16,963 crore during

April-October this fiscal. In volume terms, however, the exports declined to 22.95 lakh tons in

April-October 2018-19 as against 23.72 lakh crore in the same period last fiscal. While there is a

marginal decline of 3.28 per cent per cent in quantity terms, in value terms the exports have

grown by 11.54 per cent. The major export destination for basmati rice are Iran, Saudi Arabia,

Iraq, UAE, Kuwait, Yemen, the US, and UK.

• (23 Dec 2018) - Rice export prices in India rose for a second straight week to the highest in four

months on higher procurement costs for paddy. India’s 5 percent broken parboiled variety was

quoted around $378-$384 per ton this week, up from last week’s $375-$382.

• (23 Dec 2018) - Rice cultivation in the current rabi season is down by 32 per cent as compared to

the corresponding period last year, with Tamil Nadu and Andhra Pradesh reporting a substantial

drop in planting, As per the weekly sowing data published on Friday, rabi sowing has covered a

total area of 512.53 lakh hectares (lh), about 4.6 %lower than 537.12 lh covered in the same

period in 2017-18.

• (23 Dec 2018) - By increasing the minimum support price (MSP) of Paddy by Rs. 1750 per quintal

to 2500 rupees per quintal by the Chhattisgarh government, the government procurement of

paddy will increase. Chhattisgarh has targeted the target of 55 lakh tons of Paddy this year. The

paddy from state of Telangana, Andhra Pradesh and Orissa adjoining Chhattisgarh will now come

to illegal use in Chhattisgarh

• (22 Dec 2018) - Due to the promise of increasing the MSP during the elections, government

procurement of rice in Chhattisgarh and Border States was halted. So far, 21.6 lakh tons of paddy


23rd Jan 2019

has been procured in Chhattisgarh. Paddy procurement is 60% higher than the target in Telangana

and Andhra Pradesh.

• (18 Dec 2018) - The preliminary estimation by AP agriculture and horticulture departments has

put the crop losses in an extent of 10,856 hectare (agriculture) and 405 hectare (horticulture).

Paddy crop in 5,857 hectare suffered damage and majority of it was in Krishna district.

Price & Arrival:

State/ District

Market Grade

Modal

Price(Rs

/Qtl)

Change Arrivals

(Qtl) Change Source

22-

Jan-

19

21-

Jan-

19

22-

Jan-

19

21-

Jan-

19

CHHATTISGARH BALOD PADDY 1001 1745 1720 25 45 22 23 E-nam

CHHATTISGARH BHATAPARA Paddy HMT 2120 2100 20 35 35 Unch E-nam

CHHATTISGARH RAJIM Paddy-samba Masuri 1625 1622 3 38 55 -17 E-nam

TELANGANA BADEPALLY PADDY-SONA 1700 1785 -85 55 38 17 E-nam

TELANGANA MAHBUBNAGAR 1010 1690 1710 -20 21 8 13 E-nam

Disclaimer The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This document is not, and should not be construed as, an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company. IASL and its affiliates and/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

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