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Daily Price Monitoring Report 15th July, 2019
27/09/2017
Pulses Today’s developments:
Over all kharif pulses area is lagging behind by 25.16 % to 34.22 lakh ha as on 12th July -2019.Arhar area is down by 21.73 % to 12.44 lakh ha so far while normal as on date is 18.27 lakh ha. Even urad area is down by 25.71 % to 8.59 lakh ha against normal of 10.64 lakh ha till date. Moong area is down by 23.99 % to 10.58 lakh ha against the normal of 13.95 lakh ha till date. Kulthi sowing has just started and it running behind by 50.47 % to 0.10 while other pulses coverage is 39.45 % down to 2.51 lakh ha against normal of 6.16 lakh ha .However, with monsoon advancing in growing regions, sowing activities is likely to pick up in coming weeks and farmers will be able to cover the gap in coming weeks.
Chana may trade steady to slightly firm as buyers are expected to return to market at lower price. Arrival has not been up to the market while festival season is about to start. Nafed sales remain restrictive. In Delhi market chana is being traded at Rs 4400-4425 and it may move up to the level of Rs4500-4550.Basically, chana cash market is unable to get support from futures. If Nafed restricted auction at lower price and festive demand starts, chana may move up by Rs 100 from current level.
Tur market trades steady at Rs5700 in Gulberga market. It may move down by Rs 100 as demand from mills is weak right now. Besides, stockiest are releasing old stock as they fear that 4 lakh MT import and 2 lakh MT sale from central pool may cap uptrend despite lower area coverage so far.
Recent Developments that are still Influencing Markets:
(10th July-2019) As per market source all pulses stock except chana is decreasing and supply side may be tight in the fourth quarter. Even Nafed has decreased chana stock in MP by 3.39 lakh MT. Its really surprising. Market experts are assuming that some of stocks have been shifted for PDS, mid-day meal and other welfare schemes. It may support pulses market in coming months.
(8th July-2019) NCDEX has launched Moong futures on8th July-2019.The moong traded on this exchange is unprocessed. The exchange has selected Merta City as main delivery centre while Nokha, Jodhpur and Sri Ganganagar would be other centres. In the beginning the contract would be for Aug, Sep-2019.
(4th July 2019) DGFT has removed the condition of adv. authorization for pulses import. This means now importers need not to have adv. authorization letter from DGFT for pulses import. DGFT has already increased tur import quota from 2 lakh MT to 4 lakh MT. Importers have to import 2 lakh MT before Oct. It has already impacted tur price in domestic market.
(03rd July 2019) Govt .has increased MSP of pulses for kharif season 2019-20.Increase is considered marginal. Kharif pulses include tur,moong and urad. For arhar, the increase was 2.2 per cent (RS125 per qtl.) from Rs 5,675 a quintal to Rs 5,800 per quintal. The MSP of moong was increased by 1.07 per cent (Rs 75 per qtl) from Rs 6,975 to Rs 7,050 a quintal while that of urad was increased by 1.78 per cent (Rs100 per qtl) from Rs 5,600 to Rs 5,700 a quintal.
(28th June 2019) DGFT has started issuing license to importers. Some applicants have already received it and the rest are in process of getting it soon. There is a condition for importers that they have to import it before Oct-2019.This means supply of Tur, Urad & Moong would increase in Aug, Sept and from October new crop (especially urad and moong) would start hitting the market amid
Daily Price Monitoring Report 15th July, 2019
27/09/2017
continuous sale by Nafed. So any spike in pulses market is unlikely. Even pulses demand in monsoon season weakens.
Price & Arrival: Urad
State/District Market
Modal Price (Rs/Qtl)
Change
Arrivals (Qtl)
Change Source 13 July 2019
12 Jul 2019
13 July 2019
12 Jul
2019
Andhra Pradesh Guntur(Gota
Branded) 7800 7900 -100 NA NA - Agriwatch
Andhra Pradesh Vijaywada 6100 6000 100 1500 2500 -1000 Agriwatch
Tamil Nadu Villupuram NA 5540 - NA 1 - Agmarknet
Tamil Nadu Chennai 4475 4375 100 NA NA - Agriwatch
Tur
State/District Market
Modal Price (Rs/Qtl)
Change
Arrivals (Qtl)
Change Source 13 July 2019
12 Jul 2019
13 July 2019
12 Jul
2019
Andhra Pradesh Yemmiganur NA NA - NA NA - eNAM
Andhra Pradesh Kurnool 4891 NA - 27 86 -59 eNAM
Maharashtra Akola NA NA - NA NA - eNAM
Andhra Pradesh Vijayawada 5200 5300 -100 NA NA - Agriwatch
Moong
State/District Market
Modal Price (Rs/Qtl)
Change
Arrivals (Qtl)
Change Source 13 July 2019
12 Jul 2019
13 July 2019
12 Jul
2019
Rajasthan Jodhpur NA NA - NA NA - eNAM
Karnataka Gulbarga 5178 5126 52 54 56 -2 Agmarknet
Madhya Pradesh Harda NA NA - NA NA - Agmarknet
Andhra Pradesh Vijayawada 6000 6300 -300 300 200 100 Agriwatch
Chana
State/District Market
Modal Price (Rs/Qtl)
Change
Arrivals (Qtl)
Change Source 13 July 2019
12 Jul 2019
13 July 2019
12 Jul
2019
Andhra Pradesh Kurnool 4331 NA - 27 NA - eNAM
Andhra Pradesh Yemmiganur NA NA - NA NA - eNAM
Madhya Pradesh Indore 4225 4200 25 1000 1100 -100 Agriwatch
Daily Price Monitoring Report 15th July, 2019
27/09/2017
Rajasthan Bikaner NA NA - NA NA - eNAM
Chana at NCDEX
Contract Open High Low Close Change Volume O.Int
19-Jul 4278 4278 4270 4275 23 210 4590
19-Aug 4305 4332 4297 4318 20 18760 138060
19-Sep 4326 4359 4326 4340 11 1950 16120
As on 12th July - 2019 at 5 pm Rs/Quintal
Daily Price Monitoring Report 15th July, 2019
27/09/2017
Groundnut Recent updates:
(15.07.2019) As per recent released data by GOI, Total groundnut kharif sowing area all over the country is 20.24lakh ha. as on 12th July 2019 higher by 4.97 lakh ha. from 15.27 lakh ha. in previous year during the same period of time. Andhra Pradesh covered total 0.362 lakh hectares so far this season lower against previous year record i.e.1.725 lakh ha. on account of late arrivals of Monsoon in last weeks.
(15.07.2019) Farmers have sown 11.86 lakh ha. in Gujarat, 0.50 lakh ha. in Karnataka, 0.37 lakh ha. in Tamilnadu, 0.30 lakh ha. in Uttar Pradesh, 0.69 lakh ha. In Madhya Pradesh, Rajasthan 4.87 lakh ha, 0.046 lakh ha. in other parts of India. Lower sowing area reported so far at various states of India and shortage of quality seeds for sowing may support groundnut prices to rise.
Developments that are still Influencing Markets:
(09.06.2019) Government agencies procured seed nuts at Rs. 7100 per quintal, where as they offered at Rs. 4260 per quintal after availing 40% discount to the farmers. A.P Oil fed has procured 17000 quintals of groundnut seeds from Karnataka. Agriculture department distributed 2.24 lakh quintals of Groundnut seeds to 1.96 lakh farmers since 15th June. 84% of the target has been achieved. Moreover, the total target of 3 lakh quintals will be completed by 15th July. If monsoon fails to deliver sufficient rains for groundnut sowing, alternate crops like Ragi would be first priority followed by castor, Jowar, gram etc.
(09.07.2019) Agricultural minister of Andhra Pradesh announced price subvention scheme of Rs.1500/qt to benefit Groundnut farmers in addition to the current market price of Rs.5000/qt to Rs.6500/qt on July 8th as Rythu Dinotsavam (farmers day).
(03.07.2019) As per SEA, the total Groundnut sown as on 28th June 2019 is about 9.18 lakh hectares has been reported compared to normal corresponding week is 4.40 lakh hectares. The major sowing area is reported from Gujarat 6.01 lakh hectares, Rajasthan 3.32 lakh hectares, Tamilnadu and Andhra Pradesh accounts 0.15 lakh hectares.
(28.06.2019) As on 27thJune 2019 Nafed sold total groundnut K-17 -3910MT. It has disposed total 9.74 lakh tonnes of groundnut K-17 and holds remaining balance at 0.70 lakh tonnes so far in Gujarat market only.
(25.06.2019) Area under cotton 10-15% is going to replace by groundnut due to delayed monsoon in Gujarat, moreover the state and central government policies for groundnut encouraged to cultivate more area under oilseeds.
(25.06.2019) Nafed has sold total 2.84 lakh tonnes of groundnut K-18 and holds remaining balance at 4.18 lakh tonnes so far.
(12.06.2019) As on 11thJune 2019, Nafed has procured 5.81 MT of Groundnut (Rabi -2019) in the district of Malkangiri of Odisha state. It procured total 130.76 MT at MSP price Rs. 4890 per quintal from 55 farmers.
(07.06.2019) As per 3rd advanced estimates, ministry estimates lower Indian groundnut crop (Kharif and Rabi) at 65.02 lakh tonnes for 2018/19 season against 92.53 lakh tonnes in 2017/18. Kharif groundnut crop size during 2018-19 is estimated at 51.53 lakh tonnes which is 29.7% lower than 75.95 lakh tonnes in 2017-18. Less rainfall at initial stage of crop and lower acreage are the main reason to cut output of Groundnut.
Daily Price Monitoring Report 15th July, 2019
27/09/2017
(20.05.2019) Indian Oilseeds & Produce Export Promotion Council (IOPEPC) is planning to develop cluster-based production mainly for groundnut and sesame seed which will be pesticide-free. It is also targeting to cultivate other varieties of oilseeds to fulfil global demand as well. It focuses towards drip irrigation facilities so that monsoon dependency for better crop growth could be reduced. In the meeting, council can discuss the expected crop size of groundnut and sesame for Rabi 2019.
(30.04.2019) As per APEDA data, groundnut shipment reported lower by 3.13% to 488233 MT during April-March 2019 amounting total Rs. 3296 crores as compared to 504038 MT in last year during the same period of time. However, the shipment is higher by 26.290% as compared to 386594 MT in April to February 2019.
Price & Arrival: Groundnut
State/District Market Variety
Modal Price (Rs/Qtl)
Change
Arrivals (Qtl)
Change Source 13th July 2019
12th July 2019
13th July 2019
12th July 2019
Andhra Pradesh
Adoni 6013 6439 -426 22 9 13 NAM
Kadapa Local NA 5396 NA NA 74 NA NAM
Kurnool 6662 NA NA 27 NA NA NAM
Yemmiganur NA NA NA NA NA NA NAM
Rajkot 4935 4900 35 300 200 100 NAM
Telangana
Nagarkurnool NA NA NA NA NA NA NAM
Suryapeta NA NA NA NA NA NA NAM
Wanaparthy Town
NA NA NA NA NA NA
NAM
Daily Price Monitoring Report 15th July, 2019
27/09/2017
Onion Today’s Development: (No Significant updates for today) Recent Developments that are still influencing the Market:
(13thJuly 2019) In Andhra Pradesh as on 10th July (second week) 2565 ha of area is sown compared to last year’s 4652 ha. Normal sown area by this time is 5989. Total targeted kharif area is 27482 ha.
(13th July 2019) In Kurnool, last year 4390 ha was sown as compared to this year’s only 2341 ha area has been sown.
(3rd July 2019) In Andhra Pradesh as on 3rd July 741 ha of area is sown compared to last year’s 1955 ha. Normal sown area by this time is 4311. The total targeted kharif area is 27482.
(3rd July 2019) In Kurnool, last year 1711 ha was sown as compared to this year’s only 566 ha area has been sown.
(2nd July 2019) In A.P, Kurnool contributes about 80-85% of the total sowing area. So far 515 Ha of area is sown as compared to last year’s 1569 ha due to late onset of monsoon.
(1st July 2019) In Andhra Pradesh, as on 26th June (third week), 666 Ha of area is sown compared to last year’s 1723 Ha. Normal sown area by this time is 2813 Ha. Total targeted kharif area is 27483 Ha.
(29th June 2019) In Karnataka the onion crop is coming in market from local region & Maharashtra which are contributing approximately 30% and 70% respectively.
(29th June 2019)The Maharashtra onions are fetching higher prices in the Bangalore market. (25th June 2019) In Lasalgaon prices are trading approximately Rs.1220 as compared to last
month Rs.960 during same week.
(25th June 2019) In Andhra Pradesh, as on 19th June (third week), 635 Ha of area is sown compared to last year’s 692 Ha. Normal sown area by this time is 1550 Ha. Total targeted kharif area is 27483 Ha.
(21st June 2019) In Maharashtra & Andhra Pradesh, Sowing may pick up the pace as the monsoon is expected in the coming few days.
(16th June 2019) In Andhra Pradesh, normal kharif area is approximately 27482 Ha. This year transplanting is delayed because of water scarcity and lower level of Dam waters. Last year approximately 287 ha area has been sown during 2nd week of June.
Price and Arrivals in Major Markets Onion
State Market Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons
Source 13-Jul-19 12-Jul-19 Change 13-Jul-19 12-Jul-19 Change
Gujarat Ahmedabad 1175 1125 50 572 616 -44 Agmarknet
Rajkot 1000 1200 -200 120 110 10 Agmarknet
Karnataka Bangalore NA 1100 - NA 6396 - Agmarknet
Belgaum NA NA - NA NA - Agmarknet
Madhya Pradesh Indore 900 900 Unch 1210 905 305 Agmarknet
Maharashtra Lasalgaon NA NA - NA NA - Agmarknet
Pune NA 1200 - NA 910 - Agmarknet
Andhra Pradesh Kurnool 1670 NA - 1 NA - Agmarknet
Rajasthan Jaipur 1300 1200 100 720 744 -24 Agriwatch
Telangana Hyderabad 1550 1500 50 778 500 278 Agmarknet
Daily Price Monitoring Report 15th July, 2019
27/09/2017
Potato Today’s Development: (No Significant updates for today) Developments that are still influencing the Markets:
(10th July 2019) According to the trade sources, as on 9th July in north Bengal total 19.03% unloading of potato has been done.
(10th July 2019) According to the trade sources, in Bihar potatoes are arriving from locally and Uttar Pradesh the prices are 800/ quintal and 850/ Quintal respectively.
(3rd July 2019)-According to the trade sources in U.P. the prices are steady as the potato release
percent from storages is less as compared to last year and loading in cold stores is also higher
compared to last year. Prices are likely to remain steady for coming week.
(3rd July 2019)-According to the State government, total production in U.P is estimated to be 14.77
million tons from a total area of 6.10 lakh hectares.
(1st July 2019)-Potato prices in Agra are trading on lower side as compared to last year due to higher loading in cold storages.
(25th June 2019)-In west Bengal 17% potato has been released from cold storage from a total capacity of 70.62 lakh tons.
(25th June 2019)-According to the trade sources in U.P. the prices are steady as the percent released from storages is less as compared to last year. Prices are likely to remain steady for coming week.
(16th June 2019)-In West Bengal, loading in cold storage is completed and traders are expecting 85% capacity utilization this year from a total storage of 70.62 lakh tons. So far approximately 15% potato has been released.
(14th June 2019)-In potato most of the markets prices are trading on lower side compared to previous year’s prices because of higher storage in U.P compare to last year. Last year in U.P storage was approximately 111 lakh tons compared to 123 lakh tons this year.
(13th June 2019)- In most of the markets of UP potato prices are trading below three year average
price and are likely to trade on lower side for couple of weeks.
Price and Arrivals at Major Markets
Potato
State Markets Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons
Source 13-Jul-19 12-Jul-19 Change 13-Jul-19 12-Jul-19 Change
Andhra Pradesh Palamaner NA NA - NA NA - NAM
Karnataka Bangalore NA 1425 - NA 984 - Agmarknet
Belgaum NA NA - NA NA - Agmarknet
Gujarat Surat 1000 975 25 650 650 Unch Agmarknet
Madhya Pradesh Indore 900 800 100 438 264 174 Agmarknet
Maharashtra Pune NA 1200 - NA 905 - Agmarknet
Delhi Delhi NA 1094 - NA 1184 - Agmarknet
Uttar Pradesh Agra NA 830 - NA 1150 - Agmarknet
Daily Price Monitoring Report 15th July, 2019
27/09/2017
Tomato
Today’s Developments: (No significant development today) Developments that are still influencing the Market:
(2nd July 2019) In Delhi, tomato from Himachal Pradesh is fetching high prices in between Rs 1400 to Rs 2000/ quintal. “Goli” variety of tomato is fetching lowest prices of Rs 200 to Rs 800/quintal.
(1st July 2019) In Delhi, tomato crop is coming in market mainly from Himachal Pradesh and smaller quantity from Uttar Pradesh and local region of Haryana.
(1st July 2019) All India tomato arrivals are comparatively lower than last year during same time because of which prices are firm in market.
(25th June 2019) In Madanapalle prices are trading near Rs.2310 compared to last week’s Rs.2414, as the arrivals have decreased in the last week.
(11th June 2019) Tomato current price are trading on higher side compared to three year’s seasonal average price in most of the markets because of lower crop size this year due to lesser water availability in producing regions.
(11th June 2019) In Andhra Pradesh, prices are trading on higher side because of lower arrivals from producing regions amid lower crop size. Prices are expected to come down slightly in coming week because of arrival of summer crop from Chitoor and Anantpur district.
( 6th June 2019) - In Madanapalle, prices have dropped down by Rs. 500 to Rs. 800/ quintal because of increase in arrivals from producing regions.
(3rd June 2019) - On Tuesday, prices have dropped down in few markets because of increase in arrivals from producing regions.
(1st June 2019) - Higher arrivals reported in most of the markets but prices are firm and likely to remain firm in most of the markets for coming weeks.
(30th May 2019) - In Andhra Pradesh, prices are trading on higher side because of lower arrivals
from producing regions amid lower crop size. Prices are expected to trade in similar range for
coming weeks because of lower crop size of summer crop due lower water availability in dams.
Price and Arrivals in Major Markets
Tomato
State Markets Modal Wholesale Prices (Rs/Qtl.) Arrivals in Tons
Source 13-Jul-19 12-Jul-19 Change 13-Jul-19 12-Jul-19 Change
Andhra Pradesh
Mulakalacheruvu 2400 2400 Unch 29 20 9 Agmarknet
Madanapalle NA NA - NA NA - NAM
Kalikiri NA NA - NA NA - NAM
Pattikonda NA NA - NA NA - NAM
Gurramkonda NA NA - NA NA - NAM
Karnataka Chintamani 2066 2200 -134 810 818 -8 Agmarknet
Kolar 1668 1467 201 1422 1496 -75 Agmarknet
Maharashtra Pune NA 1200 - NA 164 - Agmarknet
Delhi Delhi NA 1442 - NA 317.1 - Agmarknet
Telangana Bowenpally NA 3200 - NA 162.4 - Agmarknet
Daily Price Monitoring Report 15th July, 2019
27/09/2017
Turmeric
Today’s Developments:
Till now in Maharashtra, Turmeric sowing completed around 60 – 65% due to lower rainfall. Sources revealed that, till now around 15 – 20% sowing area may go down, however final figure likely to come after 10 – 15 days.
In Maharashtra Sangli, Nanded and Basmat regions, Turmeric seed quality which are stored (on the field itself) for sowing purpose reported damaged by 10 - 15% due to dry weather.
In Maharashtra, rainfall during 01-06-2019 to 10-07-2019, in Marathwada region lower by 34% and in Madhya Maharashtra region rainfall departure lower by 13%.
Recent Developments that are still Influencing Markets:
In Andhra Pradesh, Telangana, Tamil Nadu, Turmeric sowing current year reported delay by 10 – 15 days due to delayed monsoon, in Andhra Pradesh sources revealed that area may go down current year, farmer may shift to Maize crop. Till now, turmeric sowing almost completed in AP and Telangana.
Prices & Arrivals
NCDEX:
Turmeric at NCDEX
Contract Change Open High Low Close Volume O.Int
July-19 +116.00 5944.00 6042.00 5944.00 6010 245 190
Aug-19 +54.00 6736.00 6778.00 6668.00 6736 3010 11510
Sep-19 +46.00 6768.00 6832.00 6740.00 6798 1755 6170
As on 12 July, 2019 at 5:00 pm Prices in Rs/quintal, Volumes and Open interest in MT
Turmeric
State Market Variety Modal Price (Rs/Qtl)
Change Arrivals (Qtl)
Change Source 13-July-19 12-July-19 13-July-19 12-July-19
Andhra Pradesh
Duggirala Finger NA NA -
NA NA - NAM Bulb NA NA -
Kadapa Finger NA 5345 -
NA 607 - NAM Bulb NA 5377 -
Telangana
Nizamabad Finger NA NA -
NA NA - NAM Bulb NA NA -
Warangal Finger Closed Closed -
NA NA - Agriwatch Round Closed Closed -
Tamil Nadu
Erode Finger NA NA -
NA NA - Agmarknet Bulb NA NA -
Daily Price Monitoring Report 15th July, 2019
27/09/2017
Chilli
Today’s Developments:
As per trade information, chilli cold storage stocks as on date (including old and new crops) in Guntur stood at 154,000 to 162,675 MT and in Andhra Pradesh around 216,000 to 225,000 MT according to various trade estimates. Current year cold storage stocks reported lower as carry forward stocks reported less.
Recent Developments that are still Influencing Markets:
Good domestic and export demand from Bangladesh, China, Malaysia, Sri Lanka reported at Guntur mandi.
Current year chilli sowing area may increase due to prevailing higher prices and expecting higher further due to lower cold storage stocks, however monsoon rainfall is crucial factor for chilli sowing area.
As per Agriwatch’s final production estimate, Red Chilli production for 2019-20 is estimated at 12.22 lakh MT. Previous year’s production was 10.50 lakh MT.
Prices & Arrivals
Red Chilli
State Market Variety Modal Price (Rs/Qtl)
Change Arrivals (Qtl)
Change Source 13-July-19 12-July-19 13-July-19 12-July-19
Andhra Pradesh
Guntur Teja 10800 10800 Unch 1290 626 664 NAM
334 9900 9800 100 NA NA - NAM
Telangana Khammam Red NA 6000 - NA 152 - Agmarknet
Warangal Talu NA NA - NA NA - Agmarknet
Daily Price Monitoring Report 15th July, 2019
27/09/2017
Maize
Today’s Developments:
In India, maize has been sown in around 40.47 lakh hectares as on 10th July’19 which is lower than 41.59 lakh hectare covered during corresponding period last year. In Karnataka, it has been sown in 3.54 lakh hectare which is lower than 7.65 lakh hectare covered during corresponding period last year. In M.P, maize has been sown in around 9.27 lakh hectares which is lower than 9.85 lakh hectares covered during corresponding period last year. However, in Rajasthan, maize has been sown in around 8.44 lakh hectares which is higher than 5.06 lakh hectares covered during corresponding period last year. In Telangana, it has been sown in 1.66 lakh hectare which is higher than 1.32 lakh hectare covered during corresponding period last year.
In A.P, maize has been sown in around 0.145 lakh hectares as on 10th July’19 which is lower than 0.356 lakh hectare covered during corresponding period last year. Maize crops are at sowing to vegetative stage.
From the trade point of view, In Nizamabad, maize is moving towards Hyderabad at Rs. 2450 per quintal. In Gulabbagh region of Bihar, maize (Bilty) is trading at Rs.2200 per quintal. Bangalore, Nammakal, Chitradurga, Pune and Mysore feed makers’ demand has shifted towards Bihar.
Recent Developments that are still Influencing Markets:
USDA increased its world corn ending stock estimates by 8.40 MMT to 298.92 MMT for 2019/20
compared to previous month due to increase in production estimates for 2019/20. Corn ending
stock estimates for U.S also increased due to increase in production estimates while for Ukraine,
it increased its corn ending stock estimates only 0.015 MMT to 1.232 MMT compared to
previous month but lower by 0.38 MMT compared to last year estimates.
As per USDA, U.S corn exports reached 44.03 MMT in the 2018-19 marketing year. At 1.14 MMT
(for the period 28th June- 04th July, 2019) US corn exports were up 287 percent from the
previous week and 80 percent from the previous 4-week average; mainly for the destination like
Japan (737,400 MT, including 379,200 MT late reporting), Mexico (224,400 MT), Colombia
(122,400 MT), Canada (21,000 MT), and Taiwan (15,700 MT).
As per trade source, in Nizamabad, stock of maize could be around 5000 MT which was 8000 MT
during corresponding period last year.
As per media report, Government has allowed another 4 lakh tonnes of feed grade Maize(dent
corn) to be imported under TRQ @ 15 % custom duty for actual users. Earlier, Government
allowed 1 lakh tonnes of feed grade Maize (corn) under TRQ wherein MMTC and NAFED each
were allowed to import 50,000 tonnes of corn for poultry firms during the financial year 2019-
20; starting from April 1.
As per trade sources, India imported around 74,378 MT of maize for the month of May’19. Out
of which, around 72,225 MT was imported from Ukraine for the Kandla port at an average value
of $203.28/ MT.
As per trade sources, India exported around 35,016 MT of maize for the month of May’19 at an
average FoB of $288.95/ MT. Indian maize is exported mainly to Nepal mainly through Raxaul
followed by Jogbani ICD and Sonauli ICD port.
Daily Price Monitoring Report 15th July, 2019
27/09/2017
The Government has given its approval to increase the MSP of Maize by Rs. 60 per quintal to Rs.
1760 per quintal for kharif season of 2019-20.
Prices & Arrivals:
Maize
State/ District
Market Grade Modal Price (Rs./Qtl)
Change Arrivals (Qtl)
Change Source 13-July-19 12-July-19 13-July-19 12-July-19
Telangana Nizamabad Bilty Closed 2300 - Closed 3000 - AGRIWATCH
Bihar Gulabbagh Bilty 2200 NA - NA NA - AGRIWATCH
Karnataka Davangere Bilty Closed 2350 - Closed 1000 - AGRIWATCH
Delhi Delhi Loose 2100 2100 Unch NA NA - AGRIWATCH
Andhra Pradesh
Kurnool Loose NA NA - NA NA - ENAM
*Difference between current and previous day’s prices.
Daily Price Monitoring Report 15th July, 2019
27/09/2017
Sugar
Today’s Developments:
Indian sugar prices showed steady trend in almost all over markets on Saturday. The prices are expected to remain steady to low for coming few days due to less demand and higher sales quota as per the consumption.
Kolhapur sugar market price stood at Rs.3100 and khatauli market prices stood slightly higher at Rs. 3245.
Sugarcane acreage in the latest report released by Ministry of Agriculture as on 11th July’19 stood same at 49.98 lakh hectare 3.96% lower compared to last year in the same period (52.04 lakh ha) whereas ahead by 3.51% compared to normal area of the corresponding week. The crop condition is average but the deficient rainfall in the coming weeks would affect the crop adversely on yield.
Today’s Developments that are still Influencing Markets:
(13th July 2019) Severe drought circumstances has reduced the total sugar production estimates to 13 million tonnes in Thailand around 7% reduction is expected compared to this year (2018-19). Sugarcane output is expected to decline about 8% to 120 million tonnes in 2019-20 season which will start from Nov’19 due to scanty rainfalls and decreased acreage compared to 130.9 million tonnes of cane in 2018-19. But it is highly dependent on rainfall whether the output would increase or decrease.
(12th July 2019) The Brazilian real rallied to a 3-1/2 month high against the dollar on Wednesday, which discourages export selling by Brazil’s sugar producers. Sugar prices also have support from reduced sugar output in Brazil, the world's biggest sugar producer, after Unica reported Wednesday that Brazil's 2019/20 Center-South sugar production through June fell -8.9% y/y to 8.905 MMT.
(10th July 2019) According to All India Sugar Trade Association, the Central Government should introduce dual MSP where Central Northern states MSP to be higher than that of Central Southern states or Maharashtra State Government gives transport subsidy for the difference of transportation cost which can enable Maharashtra to sell the allotted quota allotted every month.
(10th July 2019) Since Oct’18 to May’19, the Central Government has allocated 60.50 LMT to sugar mills in Maharashtra and mills are able to sale only approximately 46 LMT failing to sell 14 LMT and hence falling short of cash liquidity worth Rs. 4350 crores. There is excess transportation cost difference of Rs.1800 to Rs.2000 per MT which Maharashtra seeks help from the Government.
(8th July 2019) Kharif sowing of sugarcane crop was delayed in key growing states like Maharashtra, Karnataka. The total Kharif planting reached 49.98 lakh hectare as on 4th July’19, 1.66 lakh ha higher than last week and down by 1.43 lakh ha compared to previous year (51.41 lakh ha) in 2018-19 season.
(5th July 2019) Kisan Cooperative Sugar Mill from Uttar Pradesh has got permission from Central government to export 59,000 quintals sugar to Sri Lanka. The government is planning over framing new sugar export policy to reduce surplus and address the concerns of the glut in sugar industry.
Daily Price Monitoring Report 15th July, 2019
27/09/2017
(4th July 2019) Kharif sowing of sugarcane crop was delayed in key growing states like Maharashtra, Karnataka. The total Kharif planting reached 49.81 lakh hectare as on 28th June’19 down by 1.46 lakh ha compared to previous year (50.68 lakh ha) in 2018-19 season. It is expected to pick up the pace due to onset of monsoon in major growing states and the revival of standing sugarcane crop is now on positive side.
(3rd July 2019) Export demand for sugar has been decreasing since last month, exporting around 31LT till May’19. Exports are expected to reach upto 33-35LT till the end of this season (2018-19 SS). Domestic sugar prices are dwindling at or below MSP due to lack of demand against the huge stacks of sugar piles.
(3rd July 2019) The food ministry has allocated July month’s sales quota at 20.5 LT to each 534 mills in India lower than 21.5 LT in previous month. Due to unsold stocks in the previous month and due to the possibility of less demand in July because of arrival of monsoon, less sales quota has been decided for this month.
(2nd July 2019) ISMA estimates production of about 282 lakh tons of sugar in the season 2019-20, which is about 47 lakh tonnes lower than the current 2018-19 SS production of around 329.5 lakh tonnes, down 14.26%. Uttar Pradesh is estimated to have sugarcane area at 23.60 lakh ha, as against 24.11 lakh ha in 2018-19. Maharashtra’s cane area has estimated down by about 30% for 2019-20 SS, due to poor rainfall from September’2018 onwards and lack of pre-monsoon rainfall, followed by low reservoir levels, which adversely affected sowing of 15 month and 12 month crops. Sugarcane area in Karnataka has also decreased for 2019-20 sugar season to be about 4.20 lakh ha as against 5.02lakh ha in 2018-19, which is lower by about 16%. Sugarcane area in Tamil Nadu for 2019-20 has also decreased to about 2.30 lakh hectare as against 2.60 lakh hectare in 2018-19 SS.
(29th June 2019) As Indian government is encouraging mills to divert to ethanol from sugar production, as on 17th June’19, ethanol blending has increased around 10 times to 6.2% as compared to 0.67% in 2012-13 and 4.22% in 2017-18. The government plans to achieve 10% blending of ethanol in petrol by 2022 to boost agriculture sector, creating independency on energy imports and promoting the use of environment friendly fuel.
(27th June 2019) Sugarcane production and yield is likely to decrease in the coming season 2019-20 in major states Maharashtra and Karnataka due to low moisture availability and absence of pre-monsoon rains. Maharashtra is prevailing from drought with around 40% of the state drought –prone.
Prices
Sugar (M grade)
State/ District Market
Modal Price (Rs /Qtl)
Change Source 13 July-19 11 July-19
Maharashtra Kolhapur 3150 3100 Unc0 AW
Uttar Pradesh Khatauli 3245 3250 -5 AW
Andhra Pradesh Vijayawada 3560 3560 Unch AW
Delhi Delhi 3150 3160 -10 AW
Daily Price Monitoring Report 15th July, 2019
27/09/2017
Cotton Today’s Developments:
Cotton prices expected to be bearish as there is less demand and imports are also in sluggish mode. Moreover, in almost most of the markets arrivals have been ended.
According to the latest report released by USDA, indicates India may produce 37.14 million bales cotton in the coming season 2019-20 which is 9.43% higher than previous year’s estimates of 33.94 million bales in 2018-19 with an ending stock of 10.56 million bales. Similarly, yield is also expected to increase to 508 kg/ha 9.33% higher than 458kg/ha in 2018-19. All these conditions are predicted under normal rainfall conditions as India got above average rainfall in the second week of July.
Cotton acreage in the latest report released by Ministry of Agriculture as on 11th July’19 stood at 77.71 lakh hectare 0.2% higher compared to last year in the same period which stood at 77.5 lakh. The slight increase in area this year is due to delayed monsoon, competitive crops are being replaced by cotton in some areas.
Recent Developments that are still Influencing Market:
(13th July 2019) India receives 28% above average rainfall this week especially in cotton growing area of central India which was very important for the vegetative growth of cotton in its initial growth. The cotton crop in India needs average or above average rainfall in the coming weeks so as for the good health of the crop. But according to the latest report released by IMD, reveals that in the coming next two weeks the rainfall is expected to be below normal in India which seems to be very crucial for kharif growing crops for its initial vegetative phases. As in many cotton growing regions, the seedling are in need of water for proper germination.
(11th July 2019) According to the latest US crop progress report week ending 7th July’19, 47% of the crop is squaring although less than last years’ progress which was 57% in the same time. The condition of the crop seems good with warming temperatures suitable for the development of the crop. Possibility for the positive impact on the yield of the crop in 2019-20 season.
(10th July 2019) As on 8th July’19, Telangana covered the cotton total area of 8.80 ha and slightly ahead from last year area which stood at 8.79 ha. This year the cotton area in Telangana is going to increase by 2-3% from last year due to less water availability which is encouraging farmers to switch from growing rice this season.
(8th July 2019) As on 4th July’19, the total cotton area of 45.85 lakh ha has been reported sowing in India, 18.77 lakh ha higher than previous week (27.08 lakh ha) and 16.02% less against the previous year of 54.59 lakh ha in 2018. Higher area is reported from Haryana (6.76 lakh ha), Punjab (4.02 lakh ha) and Gujarat (14.35 lakh ha), whereas, less area is reported from Maharashtra (4.56 lakh ha), Telangana (7.89 lakh ha), AP (0.43 lakh ha), Tamil Nadu, Karnataka.
(5th July 2019) US nearby demand has come to a standstill as the exports has been in sluggish mode and continuous cancellation of shipments from China and Argetina. China is likely to procure US cotton or reserve US cotton into state warehouses. In short run, price spread between domestic and foreign cotton is still likely to narrow.
(4th July 2019) The cabinet committee on Economic Affairs (CCEA) has announced MSP for 2019-20 kharif crops. Medium staple cotton is raised by Rs.105 to Rs.5255/quintal and long staple cotton increased by Rs.100 to Rs.5550/quintal. This move of the government would encourage farmers to plant more cotton compared to its competing crops for the coming cotton season.
Daily Price Monitoring Report 15th July, 2019
27/09/2017
(4th July 2019) From May 5 to July 3, the cumulative turnover of reserve cotton was 389,000 tons, and the turnover rate was 86.54%. On July 2nd, China Sold 100% Of Total Put Auction at 11933.2157 tons for sales. Average Transaction price was 13,101 Yuan/ton (Down by 179 Yuan/ton from the previous day). The discounted 3128 price was 14,340 yuan/ton (Down by 128 yuan/ton from the previous day).
(3rd July 2019) USDA expects that Indian cotton exports for 2019-20 season is likely to increase by 11 lakh bales and estimated to reach upto 64 lakh bales, whereas, imports are estimated at 18 lakh bales for 2019-20 cotton marketing season by USDA. USDA expects the cotton production at 37.5 million bales with a planted area of 125 lakh ha in 2019-20. Due to the rapid pace of extending rainfall to all over India, the cotton yield may increase compared to previous year.
(2nd July 2019) Daily arrivals stood at 4,850 bales as on 1st July, with central India having highest arrivals of 4000 bales followed by South zone and North zone stood at 600 bales and 250 bales respectively.
(2nd July 2019) As on 27th June’19, the total cotton area of 27.08 lakh ha has been reported
sown in India 15% less against the previous year of 32.2 lakh ha in 2018. Higher area is
reported from Haryana (0.74 lakh ha), Punjab (0.28 lakh ha), Rajasthan (0.35 lakh ha) and
Madhya Pradesh (0.23 lakh ha), whereas, less area is reported from Maharashtra, Telangana
(3.92 lakh ha), Karnataka, AP (0.58 lakh ha), Tamil Nadu, Odisha and Gujarat.
(29th June 2019) Around 15-20% more area is likely to be under herbicide resistant BT cotton
in Maharashtra. Nearly 20-25 lakh hectare is expected to come under HT Bt variety of cotton
this kharif. Nationally, around 40-45 lakh packets of HT Bt cotton seeds are reported to be in
circulation, according to industry sources.
(28th June 2019) Around 15-20% more area is likely to be under herbicide resistant BT cotton
in Maharashtra. Nearly 20-25 lakh hectare is expected to come under HT Bt variety of cotton
this kharif. Nationally, around 40-45 lakh packets of HT Bt cotton seeds are reported to be in
circulation, according to industry sources.
Prices:
Cotton
State/ District Market
Modal Price (Rs /Qtl)
Change
Arrivals (Qtl)
Change Source 13-July-19 11-July-19 13-July-19 11-July-19
Gujarat Rajkot 6090 6140 -50 210 210 unch Agriwatch
Andhra Pradesh Adoni
6054 6011 43
156 553 -397 Agriwatch
Andhra Pradesh Guntur NA NA - NA NA - NAM
Andhra Pradesh YEMMIGANUR NA NA - NA NA - NAM
Daily Price Monitoring Report 15th July, 2019
27/09/2017
Palm Oil
Today’s Developments:
According to United States Department of Agriculture (USDA) July estimate, India’s 2019/20
palm oil imports estimate have been reduced to 9.75 MMT from 10.75 MMT in its earlier
estimate, lower by 9.3 percent. Palm oil consumption have been lowered to 9.925 MMT from
10.925 MMT in its earlier estimate, lower by 9.15 percent. Further, palm oil import estimate of
2018/19 have been reduced to 9.5 MMT from 10.5 MMT in its earlier estimate, lower by 9.5
percent. Consumption of palm oil have been lowered to 9.6 MMT from 10.6 MMT in its earlier
estimate, lower by 9.4 percent.
Recent Developments that are still Influencing Markets:
(11 July 2019)- According to cargo surveyor Societe Generale de Surveillance (SGS), Malaysia’s
July 1-10 palm oil exports fell 2.9 percent to 366,242 tons compared from 377,235 tons in
corresponding period last month. Top buyers were India at 115,645 tons (100,354 tons),
European Union 84,880 tons (44,600 tons), China at 41,200 tons (55,800 tons), Pakistan at
39,000 tons (0 tons) and United States at 1,000 tons (55,680 tons). Values in brackets are figures
of corresponding period last month.
(11 July 2019)- Palm oil prices are expected to be underpinned by lower than expected fall in
end stocks of palm oil in Malaysia in June, fall in exports of palm oil in Malaysia, expectation of
rise of palm oil production in Malaysia and Indonesia from July and appreciation of ringgit. Palm
oil end stocks in Malaysia to fell lower than expected on lower exports and higher imports
despite sharp fall in production of palm oil in June. Production of palm oil is expected fell in
Malaysia in June on seasonal downtrend of production and due to labor shortage as workers
were off field due to holy month of Ramadan. However, as the Ramadan is over and labor has
returned production of palm oil will rebound from July. Exports of palm oil from Malaysia fell in
July on weak demand from other destinations except India, EU and China. Demand from India is
expected to weaken due to rise in stocks of palm oil at Indian ports, lack of fresh demand
triggers and weak monsoon. If monsoon remains weak then import demand from India will pick
up. Demand from China rose in July due to lower supply of soy oil in the country due to lower
import of soybean on outbreak of swine flu in the country and US-China trade dispute. Further,
demand rose due to demand at lower levels. Appreciation of Ringgit has led to fall in palm oil
prices as it makes palm uncompetitive to competing oils.
(9 July 2019)- According to Malaysia Palm Oil Board (MPOB), Malaysia’s June palm oil stocks fell
0.97 percent to 24.24 lakh tons compared to 24.47 lakh tons in May 2019. Production of palm oil
in June fell 9.17 percent to 15.18 lakh tons compared to 16.72 lakh tons in May 2019. Exports of
palm oil in June fell 19.35 percent to 13.83 lakh tons compared to 17.15 lakh tons in May 2019.
Imports of palm oil in June rose 63.86 percent to 1.01 lakh tons compared to 0.62 lakh tons in
May 2019. End stocks of palm oil fell less than trade expectation on lower exports and higher
imports of palm oil.
(9 July 2019)-Import duty on palm stearin will be taxed at 7.5 percent, according to Finance
Minister Nirmala Sitaraman in her first budget. Palm product with Free Fatty Acid (FFA) at or
above 20 percent is subject to import duty. Palm stearin is used in various industrial applications
including soaps. India imported palm stearin from Malaysia and Indonesia. Indian industry was
Daily Price Monitoring Report 15th July, 2019
27/09/2017
asking for long to increase import duty on palm stearin which decreased refining margins of
palm oil. This step will help Indian palm oil refiners.
(1 July 2019)-According to Indonesia trade ministry, Indonesia kept July crude palm oil export
duty unchanged at zero. The reference price is set at USD 542.45 per ton, much lower than
lower threshold for export duty and below threshold of USD 570 to calculate export levy.
Indonesia has kept crude palm oil export duty at zero since May 2017.
(24 June 2019)-According to Malaysia Palm Oil Board (MPOB), Malaysia kept July crude palm oil
export tax unchanged at 0.0 percent. Export duty of palm oil is calculated at reference price of
1970.44 ringgit ($474.69) per ton. Tax is calculated above 2,250 ringgit starting from 4.5 percent
to a maximum of 8.5 percent.
(14 June 2019)-Crude Palm oil import scenario- According to Solvent Extractors Association
(SEA), CPO Imports rose 32.53 percent y-o-y in May to 4.40 lakh tons from 3.32 lakh tons in May
2019. Imports in oil year 2018-19 (November 2018-May 2019) were reported lower by 3.10
percent y-o-y at 37.45 lakh tons compared to 38.67 lakh tons in corresponding period last oil
year.
(14 June 2019)-RBD palmolein import scenario- RBD palmolein imports rose y-o-y in Apr 13.4.8
percent to 3.71 lakh tons from 1.58 lakh tons in May 2018. Imports in oil year 2018-19
(November 2019-May 2019) were reported higher by 37.96 percent y-o-y at 15.70 lakh tons
compared to 11.38 lakh tons in corresponding period last oil year.
Prices:
Palm Oil Prices (In Rs./ 10 Kg)
State/District Market 13 July 2019 12 July 19 Change Source
Crude Palm Oil (FFA 5%)
Gujarat Kandla 494 491 3 Agriwatch
Andhra Pradesh Krishnapatnam 482 482 Unch Agriwatch
RBD Palmolein
Gujarat Kandla 557 555 2 Agriwatch
Andhra Pradesh Kakinada 550 555 -5 Agriwatch
Andhra Pradesh Krishnapatnam 545 547 -2 Agriwatch
*Difference between current and previous day’s prices.
Futures prices of CPO at MCX:
Palm Oil at MCX
Contract Open High Low Close Change Volume(Lots) O.Int
31-Jul-19 496.30 501.40 493.30 499.90 2.50 988 3989
31-Aug-19 498.00 503.00 495.40 501.70 2.40 841 3166
30-Sep-19 497.50 504.50 496.50 502.10 3.70 55 164
As on 12-July-2019 at 9 pm Rs/10 Kg
Daily Price Monitoring Report 15th July, 2019
27/09/2017
Sunflower oil Today’s Developments:
According to United States Department of Agriculture (USDA) July estimate, India’s 2019/20
sunflower oil import estimate have been raised to 26.5 lakh tons from 24.5 lakh tons in its
earlier estimate, higher by 8.16 percent. Sunflower oil consumption have been raised to 27.5
lakh tons from 25 lakh tons in its earlier estimate, higher by 10 percent. Further, India’s
2018/19 sunflower oil import estimate have been raised to 26 lakh tons from 24 lakh tons in its
earlier estimate, higher by 8.33 percent. Sunflower oil consumption have been raised to 28.5
lakh tons from 26 lakh tons in its earlier estimate, higher by 9.62 percent.
Recent Developments that are still Influencing Markets:
(9 July 2019)-Sunflower oil premium over soy oil in CNF markets have decreased to $122 per ton
from $98 per ton last week and premium in domestic markets have reached to 60 per 10 kg, up
Rs 33 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has
increased to Rs 245 per 10 kg Rs 210 per 10 kg last week. Prices of sunflower oil are estimated to
trade higher on firm demand and parity in imports. High premium over palm oil will cap gains in
prices.
(28 June 2019)-Sunflower oil premium over soy oil in CNF markets have decreased to $98 per
ton from $77 per ton last week and premium in domestic markets have reached to 33 per 10 kg,
up Rs 20 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has
increased to Rs 210 per 10 kg Rs 200 per 10 kg last week. Prices of sunflower oil are estimated to
trade higher on firm demand and parity in imports. High premium over palm oil will cap gains in
prices.
(21 June 2019)-Sunflower oil premium over soy oil in CNF markets have decreased to $77 per
ton from $43 per ton last week and premium in domestic markets have reached to 20 per 10 kg,
up Rs 12 per 10 kg from last week. Also, premium of sunflower oil over RBD palmolein has
increased to Rs 200 per 10 kg Rs 185 per 10 kg last week. Prices of sunflower oil are estimated to
trade higher on firm demand and parity in imports. High premium over palm oil will cap gains in
prices.
(14 June 2019)-Sunflower oil imports scenario- According to Solvent Extractors Association
(SEA), Sunflower oil imports fell 60.4 percent y-o-y in May to 1.31 lakh tons from 3.31 lakh tons
in May 2018. Imports in oil year 2018-19 (November 2018-May 2019) were reported lower by
10.73 percent y-o-y at 14.73 lakh tons compared to 16.50 lakh tons in corresponding period last
oil year.
Prices:
Sunflower Oil Prices (In Rs./ 10 Kg)
State/District Market 13 July 2019 12 July 19 Change Source
Tamil Nadu Chennai 805 805 Unch Agriwatch
Andhra Pradesh Krishnapatnam 805 805 Unch Agriwatch
Andhra Pradesh Kakinada 805 805 Unch Agriwatch
*Difference between current and previous day’s prices.
Daily Price Monitoring Report 15th July, 2019
27/09/2017
Groundnut oil
Today’s Developments
No significant development today
Recent Developments that are still Influencing Markets:
(28 Jun 2019) Groundnut oil prices are expected to be supported by weak supply prospects and
firm demand. Supply of groundnut oil has decreased due to lower auction of groundnut by
NAFED as it is quoting higher prices at auction. This has led to lower supply of groundnut oil
supporting prices. Further, demand has firmed in expectation of low supply prospects.
In Andhra Pradesh prices are supported due to peak demand season. Demand will remain firm
until July as demand from pickle manufacturers, chatni and other value added products pick up
during this period.
(21 Jun 2019) Groundnut oil prices are expected to be underpinned by fall in demand due to rise
in prices of groundnut oil and high volatility in prices. Groundnut oil prices surged in very short
interval denting demand. Retail demand waned due to high volatility in prices. Higher volatility
in prices leads to weakening of demand.
In Andhra Pradesh groundnut price are expected to be supported by peak season demand.
Demand in Andhra Pradesh generally firms between May-July on account of higher demand
from pickle manufacturers, chatni and other value added products.
(7 Jun 2019) Groundnut oil prices are supported by firm demand. Retail demand has firmed due
to expectation of rise in prices of prices which has led to preponing of demand. NAFED is
aggressively disposing groundnut stocks. Total progressive purchase in 2018 was 7.03 lakh tons
while carryover stocks of 2017 was 3.6 lakh tons. So total stock was 10.73 lakh tons. At present
total stock with NAFED is 5.98 lakh tons. With aggressive sale of NAFED, end stocks with NAFED
at the end of the season will be less than 2 lakh tons.
In Andhra Pradesh groundnut price are supported by peak season demand. Demand in Andhra
Pradesh generally firms between May-July on account of higher demand from pickle
manufacturers, chatni and other value added products
Prices:
Groundnut Oil Prices (In Rs./ 10Kg)
State/District Market 13 July 2019 12 July 19 Change Source
Gujarat Rajkot 1150 1150 Unch Agriwatch
Telangana Hyderabad 1050 1050 Unch Agriwatch
Tamil Nadu Chennai 1050 1050 Unch Agriwatch
*Difference between current and previous day’s prices.
Daily Price Monitoring Report 15th July, 2019
27/09/2017
Rice
Today’s Developments:
As per the ministry of Agriculture, Kharif Rice acreage as on 12th July 2019 has declined by 11
per cent at 97.77 lakh hectares as compared to 109.88 lakh hectares same period & down by
19.4% from normal area as on date of 121.3 lakh hectares.
Recent Developments that are still influencing the Markets:
(10th Jul 2019) The total procurement by FCI for Rice KMS 2018-19 stood at 437.51 lakh tonnes much higher than 381.84lakh tonnes in previous year due to higher production estimate, procurement is higher this year as compare to last year. As on 8th July’19, highest procurement of 113.34 lakh tonnes was in Punjab followed by Telangana & AP procuring 51.86 lakh tonnes and 45.65 lakh tonnes respectively.
(8th Jul 2019) Government has offered 237290 tonnes of rice in OMSS until fourth tender in June’19 out of which 218690 tonnes was sold. State government bought 218690 tonnes of rice whereas no sales happened among bulk consumers. In the month of June’19, government has sold 111000 tonnes of wheat against offered quantity of 190100 tonnes.
(4th Jul 2019) The Government has announced to increase the MSP of normal grade paddy by
65 rupees to 1815 and 'A' grade Paddy MSP of 1835 rupees per quintal. MSP increased in
paddy, not according to expectation. The government does not want to encourage paddy
sowing to see the water crisis. Increasing the MSP will not affect the prices of paddy.
(4th Jul 2019) The beneficial policies and schemes of the Telangana government are coming out
with great meaning. There is a tremendous increase in paddy production and government
procurement. During the marketing season of 2018-19, the total government procurement of
paddy in Telangana rose to new record level of 77.41 lakh tonnes, which was 23.43 lakh tonnes
more than the total procurement of 2017-18 season from 53.98 lakh tonnes.
(26th Jun 2019) Iran Govt Approves Rice Cultivation Restrictions Due to Water Shortage Iran
Gov't Approves Rice Cultivation Restrictions Due to Water Shortage: Restrictions will be
imposed on rice cultivation in Iranian provinces other than the two northern provinces of Gilan
and Mazandaran. According to deputy agriculture minister for water and soil affairs, the
decision has been made by the Cabinet and conveyed to provinces across the country for
implementation.
(25th Jun 2019) To save Basmati export to Europe, USA and Arab countries, Punjab, which is
highest user of fertilisers and insecticides per hectare in the country, much above the national
average, has launched a ‘pesticide-free’ Basmati campaign in the state. Basmati exporters and
Basmati growers in the state are now working together to use fewer pesticides in order meets
the new guidelines of the European Union (EU) and other countries regarding the Basmati
import from India. This effort is to achieve total compliance with EU Maximum Residue Level
(MRLs). The Department of Agriculture, through its network of field officers, would recruit fresh
agriculture graduates to fan out to all the Basmati clusters in the state and directly remain in
touch with the farmers.
(24th Jun 2019) NCDEX will start the futures trading of Mung and basmati from July 1, NCDEX has
sought approval from SEBI to launch futures trading in Tur and Urad.
Daily Price Monitoring Report 15th July, 2019
27/09/2017
(19th Jun 2019) In order to reduce the growing stock of food-grains in the country, the Finance
Ministry has proposed to the Food Ministry to give additional 2 kg of rice 2 kg wheat per month
under National Food Security.
(17th Jun 2019) With the delay in the monsoon, paddy sowing is being affected in the country.
Paddy sowing has been done in 4.3 lakh hectare in the country till June 14, which was 5.47 lakh
hectares during the same period last year. If monsoon is weak, then it may have an impact on
paddy production.
Prices & Arrivals
Rice
State/ District
Market Variety Modal Price (Rs /Qtl)
Change Arrivals (Qtl)
Change Source
13-Jul-19 12-Jul-19 13-Jul-19 12-Jul-19
CHHATTISGAR
H
BALOD PADDY-SWARN
A MASOO
RI
1500 1470 30 500 492 8 E-nam
CHHATTISGAR
H
BHATAPARA
PADDY-HMT
2030 2150 -120 800 1000 -200 E-nam
CHHATTISGAR
H
BALOD PADDY 1001
1620 1600 20 400 492 -92 E-nam
TELANGANA
BADEPALLY
Paddy RNR
1710 NA - 200 NA - E-nam
TELANGANA
MAHBUBNAGA
R
RNR 1800 1819 -19 220 214 6 E-nam
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