Daily Price Monitoring Report 14 th Oct, 2019 Pulses Today’s developments: (No new developments today) Recent Developments that are still Influencing Markets: (09 th Oct-2019) Buyers in Maharashtra & South India are active in tur buying. Arrival is decreasing in all markets amid uncertainty over import of Arusha tur from Tanzania. Festive demand may encourage demand for dal in coming weeks. All these developments may push up tur price by Rs100-200 from current level. In Gulberga market tur is being traded at Rs 5550-5600 while in Mumbai lemon tur is being traded at Rs 5450 per qtl. in Chennai market it was quoted at Rs 5650- 5700. (07 th Oct-2019) Urad millers and stockiest are active buyers in major producing regions and it is supporting cash urad price in domestic markets. Area loss over one lakh ha and 30 % discoloured grain remain supportive for urad cash market. Prices may move up further by 200to 300 from current level. Myanmar is offering urad FAQ at $570 per MT. So there is import parity. The difference between domestic and imported price is over Rs1100 per qtl.At port total costing of urad is Rs 4300 per qtl.As import is conditional, so any bulk volume is unlikely in Oct. Import cap is at 1.5lakh MT. In Chennai market urad FAQ is being traded at Rs5600. It may cross MSP soon. SQ traded at Rs 6600-6650.Procurement drive at MSP too would support market to rule at higher level. (03 rd Oct-2019) Tur and chana supply side seems balanced right now. However, price are likely to recover from current level as seed demand for chana begins while imported stock of poor quality tur from Myanmar started decreasing. Chana in Delhi market is being traded at Rs 4350-4400 while tur in Gulberga market is being traded at Rs 5550-5600.Myanmar quotes increased by $10 to $680 per MT basis Indian ports. Tur crop is in good condition. Flood has affected limited area in case of tur. (30th Sep-2019) Myanmar offered lemon tur at $680 ,old crop at $640 per MT basis Indian ports. Urad quoted at $560 for FAQ and $710 per MT for SQ basis Indian ports. Chana v2 Kabuli was offered at$650 & Hollan at $689 per MT. Moong Pakaku was quoted at $860, Red Rajma at $1100 per MT.As demand from India remains weak, quotes from Myanmar stayed almost staedy. Ethiopian and Russian chana are being offered at Rs4200 and Rs 4225 at Mumbai ports. (25 th Sep-2019) The extended phase of monsoon has become a cause of concern for kharif pulses farmers whose crop are either at maturity stages or at flowering stages in Rajasthan, Gujarat, MP and Maharashtra. Some pulses crops in UP too have been damaged due to recent flooding. Recent rains are disturbing farmers to harvest their matured crops standing in the fields. Farmers in the affected area say if rains continue, it would damage quality of crop, especially moong and urad. (24 th Sep-2019) Moong in Jaipur market is being traded at Rs 5800 and may decrease to Rs 5600 as arrival is continuously increasing. Urad in Chennai market is being traded at Rs 5150-5200 while in Mumbai market it is being offered at Rs4800-4850.As possibility of higher crop loss is increasing, any downward correction in cash market is unlikely. Govt has fixed MSP of Rs5700 and procurement is likely to start from 2 nd week of October. So , sentiments remain firm in urad market.
Transcript
Daily Price Monitoring Report 14th Oct, 2019
27/09/2017
Pulses Today’s developments:
(No new developments today)
Recent Developments that are still Influencing Markets:
(09th Oct-2019) Buyers in Maharashtra & South India are active in tur buying. Arrival is decreasing in all markets amid uncertainty over import of Arusha tur from Tanzania. Festive demand may encourage demand for dal in coming weeks. All these developments may push up tur price by Rs100-200 from current level. In Gulberga market tur is being traded at Rs 5550-5600 while in Mumbai lemon tur is being traded at Rs 5450 per qtl. in Chennai market it was quoted at Rs 5650-5700. (07th Oct-2019) Urad millers and stockiest are active buyers in major producing regions and it is supporting cash urad price in domestic markets. Area loss over one lakh ha and 30 % discoloured grain remain supportive for urad cash market. Prices may move up further by 200to 300 from current level. Myanmar is offering urad FAQ at $570 per MT. So there is import parity. The difference between domestic and imported price is over Rs1100 per qtl.At port total costing of urad is Rs 4300 per qtl.As import is conditional, so any bulk volume is unlikely in Oct. Import cap is at 1.5lakh MT. In Chennai market urad FAQ is being traded at Rs5600. It may cross MSP soon. SQ traded at Rs 6600-6650.Procurement drive at MSP too would support market to rule at higher level.
(03rd Oct-2019) Tur and chana supply side seems balanced right now. However, price are likely to recover from current level as seed demand for chana begins while imported stock of poor quality tur from Myanmar started decreasing. Chana in Delhi market is being traded at Rs 4350-4400 while tur in Gulberga market is being traded at Rs 5550-5600.Myanmar quotes increased by $10 to $680 per MT basis Indian ports. Tur crop is in good condition. Flood has affected limited area in case of tur.
(30th Sep-2019) Myanmar offered lemon tur at $680 ,old crop at $640 per MT basis Indian ports. Urad quoted at $560 for FAQ and $710 per MT for SQ basis Indian ports. Chana v2 Kabuli was offered at$650 & Hollan at $689 per MT. Moong Pakaku was quoted at $860, Red Rajma at $1100 per MT.As demand from India remains weak, quotes from Myanmar stayed almost staedy. Ethiopian and Russian chana are being offered at Rs4200 and Rs 4225 at Mumbai ports.
(25th Sep-2019) The extended phase of monsoon has become a cause of concern for kharif pulses farmers whose crop are either at maturity stages or at flowering stages in Rajasthan, Gujarat, MP and Maharashtra. Some pulses crops in UP too have been damaged due to recent flooding. Recent rains are disturbing farmers to harvest their matured crops standing in the fields. Farmers in the affected area say if rains continue, it would damage quality of crop, especially moong and urad.
(24th Sep-2019) Moong in Jaipur market is being traded at Rs 5800 and may decrease to Rs 5600 as arrival is continuously increasing. Urad in Chennai market is being traded at Rs 5150-5200 while in Mumbai market it is being offered at Rs4800-4850.As possibility of higher crop loss is increasing, any downward correction in cash market is unlikely. Govt has fixed MSP of Rs5700 and procurement is likely to start from 2nd week of October. So , sentiments remain firm in urad market.
As on 10th Oct 2019, Nafed sold total of 4932 MT of K-18 groundnut holdings. It disposed total 5.56 lakh tonnes of groundnut K-18 and holds remaining balance at 1.59 lakh tonnes till date.
Developments that are still Influencing Markets: AS per SEA of India latest report, the exports of Groundnut meal in September 2019 is reported
at 101 MT, and total 586 MT from April -September, 2019 had been exported which is lower than 5737 MT from April-September, 2018.
In Gujarat, government has started registration of farmers to procure their groundnut crops at MSP prices of this season. Farmers of 18 districts have actively lined up for the registration so far.
As per recent report of Gujarat states, Farmers may harvest a bumper groundnut and cotton crop of this season 2019/20. Ample rainfall which resulted enough water storage in dams may support winter and summers sowing crops. Gujarat received 1029 mm rainfall higher by 26% than the 30 years average of 816 mm rainfall till 25th September 2019 which has supported higher Kharif sowing. Farmers have sown total 15.52 lakh hectares of groundnut area as on 4th October 2019 which is higher against 14.68 lakh hectares in previous year.
As per source, Gujarat government have planned to start online registration further to procure this season (2019-20) groundnut at MSP i.e. Rs. 1018 per Mun or 20 kg, that’s is Rs. 5090 per quintal. They are likely to procure from 1st October 2019 from Labh Pacham day on 124 centers across the state under the CCTV monitoring with proper arrangement of storage. Sources expect approx. 25 lakh tonnes of groundnut crop in Gujarat for this season where government may buy approx. 8 lakh tones of groundnut at Minimum Support Price.
As per 1st advanced estimates of ministry report, Kharif groundnut crop size during 2019-20 may stand higher at 63.11 lakh tonnes against 53.63 lakh tons from its 4th advanced estimates on account of good rainfall at maturity time. However, it is reported lower from 75.95 lakh tonnes in 2017-18. Good rainfall at maturity stage may improve groundnut crop yield of this season.
As per recent released data by GOI, total groundnut kharif sowing area all over the country is reported at 39.40 lakh ha. as on 4h Oct 2019 slightly lower by 1.09 lakh ha. from 40.49 lakh ha. in previous year. Farmers have sown 5.38 lakh ha. in Andhra Pradesh lower against 6.65 lakh ha. previous year, 15.52 lakh ha. in Gujarat higher against 14.68 lakh ha. previous year, 3.89 lakh ha. in Karnataka lower against 4.11 lakh ha. previous year, 1.93 lakh ha. in Tamilnadu against 1.70 lakh ha. previous year, 1.12 lakh ha. in Uttar Pradesh higher against 1.09 lakh ha. in previous year, 2.22 lakh ha. in Madhya Pradesh lower against 2.35 lakh ha. in previous year, 1.90 lakh ha. in Maharashtra lower against 1.96 lakh ha. previous year, 5.74 lakh ha in Rajasthan lower against 6.07 lakh ha, 0.05 lakh ha. in other parts of India higher against 0.01 lakh ha. Lower sowing area reported in few states compared to the previous year record due to declined monsoon activity in June month.
As per state agriculture department of Gujarat, groundnut yield is likely to increase up to 1800 kg/ha on account of good rainfall compared to last year record i.e. 1085kg/ha. Higher acreage and good rainfall will boost groundnut production in Gujarat this season. Similarly, government may buy groundnut at the rate of Rs. 1000 (per 20 kg) which is also one of the supportive news for groundnut growers. So far, standing groundnut crop condition in Saurshtra and across Gujarat has been reported in good condition. As a result, total production of Gujarat may stand higher at 30 lakh tonnes in this season followed by favourable weather condition at the
Daily Price Monitoring Report 14th Oct, 2019
27/09/2017
harvesting time. Other sources projects total groundnut output of Gujarat in the range of 28 to 30 lakh tonnes.
Farmers in Telangana are suffering with less seed availability. Higher groundnut prices so far and ample water availability encourage growers to cover more Rabi sowing area. As per the sources, groundnut cultivation in Telangana is likely to increase on a large scale in the districts of Mahabubnagar, Nalgonda, Rangareddy and Medak during the current year due to availability of irrigation water.
As per Apeda report, India has exported total 134788 MT of groundnut with the value of Rs. 1052 crore during April to July (2019-2020) which is lower from 165686 MT of groundnut with the value of Rs. 1064 crore during April to July (2018-2019).
Price & Arrival:
Groundnut
State/District
Market Variety
Modal Price (Rs/Qtl)
Change
Arrivals (Qtl)
Change
Source 12-Oct-
19 11-
Oct-19 12-
Oct-19
11-Oct-19
Andhra Pradesh
Adoni 6790 7115 -375 464 374 90 NAM
Kadapa Local NA NA NA NA NA NA NAM
Kurnool 7419 6882 537 102 224 -122 NAM
Yemmiganur 7050 5750 1300 NA 359 NA NAM
Gujarat Rajkot 5230 5040 190 1140 3888 -2748 NAM
Telangana
NagarKurnool NA NA NA NA NA NA NAM
Suryapeta 4829 6356 -1527 54 71 -17 NAM
Wanaparthy Town
NA NA NA NA NA NA NAM
Daily Price Monitoring Report 14th Oct, 2019
27/09/2017
Onion Today’s Development:
In Delhi the modal prices are trading at Rs.3000/quintal as compared to last week
Rs.3143/quintal. Onion crop is coming 20% from Rajasthan, 33% from Maharashtra and rest
from other states.
Recent Developments that are still influencing the Market:
(10th Oct 2019) In Lasalgaon, modal prices on 9th October were trading at Rs.3551/quintal as
compared to previous day Rs.3700. Last week prices were trading at Rs.3200/quintal.
(10th Oct 2019) According to the news sources, Madhya Pradesh government on Wednesday has
issued order to traders to keep limited storage of onion for the next month, this order will
remain in force till November 30, 2019.
(9th Oct 2019) At lasalgaon the arrivals have declined in this week as the farmers are boycotting
the export ban. The total arrivals in mandi is disrupted as the farmers are not willing to sell their
produce in mandis. In Sept the arrivals were around 15,000-17,000 quintal/Day whereas in Oct it
is only 3750 quintal/day.
(7th Oct 2019)Across the country prices have dropped down by Rs.200-Rs.500/quintal in most of
the markets compared to previous week. Prices are likely to fall in the coming few days.
(4th Oct 2019) According to trade source, modal prices in Lasalgaon as 3rd Oct are trading near Rs.2700/ quintal compared to Rs.3200/quintal in previous day.
(4th Oct 2019) The Prices across the country have dropped down by Rs.200-Rs.500/quintal in most of the markets as compared to previous week.
(30th sept 2019) According to the news sources, the union government has imposed stock limit on traders across the country so as to control the rising prices of onion.
(30th sept 2019) In order to control the prices in domestic markets, Government took the
decision to ban the exports of onion. Earlier in this regard they had imposed MEP of $850/ ton in
order to control the prices.
Price and Arrivals in Major Markets Onion
State Market Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons
(No significant development for today) Developments that are still influencing the Markets:
(25th sept 2019) In Karnataka, as on 16th Sept (Third week) sowing under potato was completed in
15,529 ha as per the State government from total targeted area of 21,181 ha. Last year sown area
was 20,215 ha during same time period.
(23rd sept 2019) According to the Maharashtra state government’s third estimate, area under
potato is 18,796 ha whereas the production is estimated to be 49,240 MT. In 2017-18 area was
11,086 Ha and production was 2,59,215 MT.
(17th sept 2019) According to State Horticulture Department, in Uttar Pradesh so far 39.76%
potato has been released from the cold storages as compared to 42.36% last year.
(17th sept 2019) Whereas from Agra mandal 45.64% has been released so far as compared to last
year’s 46.15%. Total storage in Uttar Pradesh is 121.99 Lakh tons compared to last year’s 111.65
lakh tons.
(16th sept 2019) According To the trade sources, In Punjab so far 30-35% has been released from the cold storages. The prices are likely to come down as the maximum crop is arriving from Uttar Pradesh.
(11th sept 2019) In West Bengal so far approximately 53-55% potato has been released compared
to 51% last year. Total stored potato is nearly 58.50 lakh tons.
(5th sept 2019) In Karnataka, as on 26th Aug (Fourth week) sowing under Potato was completed in
15431 ha as compared to last year’s area coverage was 20174 ha, as per the State government
from total targeted area of 21181 ha.
(4th sept 2019) In Delhi, Haldwani potatoes are fetching the highest price ranging from Rs.1800- Rs.2000/ quintal and LR varieties are trading at Rs.600 to Rs.950/ quintal.
(3rd sept 2019) According to the trade sources, as on 31st Aug in West Bengal approximately
47.02% potato has been released from the cold storages. Total stored potato is nearly 58.50 lakh
tons.
Price and Arrivals at Major Markets
Potato
State Markets Modal Wholesale Prices (Rs/Qtl) Arrivals in Tons
Andhra Pradesh Palamaner 1000 1500 -500 0.7 0.7 Unch NAM
Karnataka Bangalore NA 1250 - NA 1020 - Agmarknet
Belgaum NA NA - NA NA - Agmarknet
Gujarat Surat 1200 1200 Unch 680 635 45 Agmarknet
Madhya Pradesh Indore 1000 NA - 148 NA - Agmarknet
Maharashtra Pune NA 1400 - NA 635 - Agmarknet
Delhi Delhi NA 1294 - NA 1316 - Agmarknet
Uttar Pradesh Agra NA 860 - NA 1508 - Agmarknet
Daily Price Monitoring Report 14th Oct, 2019
27/09/2017
Tomato
Today’s Developments: According to trade sources, arrivals in South India is likely to improve after 2-3 weeks only as
recent rains have damaged the crop.
In Delhi, tomato crop is coming from Bangalore, Himachal Pradesh and smaller quantity from
Maharashtra. Bangalore “Hybrid” tomato is fetching the highest price ranging from Rs.4200-
Rs.4600/ quintal whereas the “Himsona” variety from Himachal is trading at Rs.3200-Rs.3900/
quintal.
Developments that are still influencing the Market: (9th Oct 2019) Across the country prices has increased because of crop damage in producing
regions like Andhra Pradesh, Karnataka and Maharashtra due to recent rains. Also lower kharif acreage reported in states of Karnataka and Andhra Pradesh.
(7th Oct 2019) In Delhi, modal prices are trading near Rs.4200/quintal compared to Rs.4600/ quintal last year. This steep increase in the prices is due to rain in many states which has disrupted the supply.
(1st Oct 2019) In Madanapalle, the prices are trading at Rs.4800 prices soared in two days all of a sudden because arrivals decline in producing regions of Andhra Pradesh, Maharashtra and Karnataka due to recent rains. Prices will come down in a couple of days as later stage sowing in Andhra Pradesh is higher compared to initial stage of kharif sowing.
(30th sept 2019) According to trade sources in Madanapalle, prices are trading near Rs.4200/ quintal compared to previous week price of Rs.1200/ quintal. Prices have increased due to shortage of supply because of recent rains.
(25th sept 2019) In Karnataka, as on 16th Sept (Third week) sowing under Tomato was completed
in 18,107 ha as per the State government from total targeted area of 25,447 ha. Last year sown
area was 19,685 ha during same time period.
(24th sept 2019) In Maharashtra and Andhra Pradesh the prices have increased recently in the last one day due to rain in the respective states. Eventually the prices are likely to come down with the increase in the arrivals from the producing states.
Price and Arrivals in Major Markets
Tomato
State Markets Modal Wholesale Prices (Rs/Qtl.) Arrivals in Tons
As per Andhra Pradesh Govt, Turmeric sowing as on 09th October 2019 reported 12,649 hectares (from normal area) as compared to 18,737 hectares in the corresponding period last year. Overall, the average rainfall received in Andhra Pradesh from 01-06-2019 to 09.10.2019 is recorded as 571.7 mm as against the Normal as on date of 629.7 mm showing by Normal -9.2 per cent. During the period average rainfall received major chilli growing districts like Guntur -11.9%, Visakhapatnam 1.8%, YSR Kadapa -12.8%, Krishna -17.5%.
Recent Developments that are still Influencing Markets:
Due to continuous supply (as result of higher production during current marketing year) in the spot market Turmeric prices reported correction from higher levels.
As per Telangana Govt, Turmeric sowing as on 25th September 2019 reported 48,119 hectares as compared to 47,888 hectares in the corresponding period last year. Overall, the average rainfall received in Telengana State from 1-6-2019 to 25-9-2019 is recorded as 746.4 mm as against the Normal of 702.0 mm showing deviation of 6%. During the period average rainfall received major Turmeric growing districts like Nizamabad 26%, Jagtiyal 5%, Nirmal -13%, Warangal (Rural) 4%, Mehabubabad -3%.
Turmeric prices reported correction due to continuous supply in the spot market as result of higher production during current marketing year.
Good rainfall (during second half of monsoon) reported in major Turmeric growing regions in Maharashtra, Tamil Nadu, Andhra Pradesh and Telangana which was helpful for Turmeric standing crop also put cap on prices from higher levels.
As on 11 Oct, 2019 at 5:00 pm Prices in Rs/quintal, Volumes and Open interest in MT
Chilli
Today’s Developments:
As per Andhra Pradesh Govt, Chilli sowing as on 09th October 2019 reported 114,686 hectares as compared to 130,224 hectares in the corresponding period last year. Overall, the average rainfall received in Andhra Pradesh from 01-06-2019 to 09.10.2019 is recorded as 571.7 mm as against the Normal as on date of 629.7 mm showing by Normal -9.2 per cent.
Recent Developments that are still Influencing Markets:
No crop damaged reported in Madhya Pradesh chilli growing districts in Khargone and Khandwa. New crop supply entering Bedia spot market from Sunday around 100 - 123 quintal variety like Mico, Mahi and Teja. Sources revealed that, quality reported well. Supply will increase in coming days.
Continued supply reported down as Stockists were expecting higher prices for releasing their stocks. We expect buyers likely to active after Dussehra festival, as Diwali demand likely to come.
As per Telangana Govt, Chilli sowing as on 25th September 2019 reported 45,028 hectares as compared to 46,126 hectares in the corresponding period last year. Overall, the average rainfall received in Telengana State from 1-6-2019 to 25-9-2019 is recorded as 746.4 mm as against the Normal of 702.0 mm showing deviation of 6%. During the period average rainfall received major chilli growing districts like Khammam -10%, Mehabubabad -3%, Gadwal (Jogulamba) 3%, Jayashanker 14%.
New crop supply entering Bedia spot market variety like Mico, Mahi and Teja. Sources revealed that, quality reported well.
Current year chilli prices reported up due to lower cold storage stocks at Guntur market. Guntur cold storage stocks reported lower by 40 - 45% from normal level due to lower carry forward stocks during current marketing year 2019-20. Next season new chilli supply likely to enter at Guntur market from January.
In Mysore and Hassan districts of Karnataka, new crop contains moisture up to 20%. After being dried to 14% moisture; it is being delivered to Tamilnadu at Rs. 2350 per quintal.
Recent Developments that are still Influencing Markets:
USDA decreased its world corn ending stock estimates by 3.72 MMT to 302.55 MMT for 2019/20 compared to previous month due to decrease in imports and production estimates for 2019/20. Corn ending stock estimates for U.S also decreased by 6.63 MMT to 48.99 MMT for 2019/20 while for Ukraine, it decreased its corn ending stock estimates by 0.4 MMT to 0.83 MMT compared to previous month estimates.
As per USDA, U.S corn exports reached 2.08 MMT in the 2019-20 marketing year. At 0.47 MMT (for the period 27th- 03rd October, 2019) US corn exports were up 3.51 percent from the previous week. The destinations were primarily to Mexico (214,900 MT), China (59,300 MT), Colombia (42,300 MT), Costa Rica (32,300 MT), and Japan (27,400 MT).
Maize is moving towards U.P at Rs. 2250 per quintal; sourced from Naugachia region of Bihar while it is moving towards Kolkata at Rs. 2250 per quintal; sourced from Gulabbagh region of Bihar.
In A.P, maize has been sown in around 0.93 lakh hectares as of 09th October’19 which is lower than 0.99 lakh hectare covered during corresponding period last year. Maize sown area is 98.8% to season normal and at cob formation stage. In Anantapuram, Krishna, Vizianagaram and Srikakulam districts, around 5,766 hectare area is affected by Fall army worm and Stem borer; out of which 5,286 hectare area is treated.
In U.S, Corn has been dented by 93% as of 6th October, 2019 which is lower by 7% compared to last year and 6% from last 5 year average period. Corn has matured 58% and harvested 15% as of 6th October, 2019. However, 56% crop of Corn is in good to excellent condition which is lower than 1% compared to last week.
In India, maize has been sown in around 82.44 lakh hectares as of 04th Oct’19 which is higher than 80.20 lakh hectare covered during corresponding period last year. In M.P, maize has been sown in around 15.42 lakh hectares which is higher than 13.61 lakh hectares covered during corresponding period last year. In Rajasthan, maize has been sown in around 8.84 lakh hectares which is higher than 8.71 lakh hectares covered during corresponding period last year. In Karnataka, it has been sown in 12.20 lakh hectare which is slightly lower than 12.03 lakh hectare covered during corresponding period last year.
As per trade sources, India imported around 9,731 MT of maize for the month of August’19. Out of which, around 7,136 MT was imported from Myanmar for the Chennai port at an average value of $284.22/ MT. Meanwhile, around 1,466 MT was imported from Ukraine for the Kandla port at an average value of $203.47/ MT.
In Telangana, it has been sown in 3.92 lakh hectare as of 25th September’19 which is lower than 4.62 lakh hectare covered during corresponding period last year. Maize sown area is 78% to season normal and its sowing is almost completed. Maize crops are at taselling to cob formation stage. Fall army warm and Locust is below ETL level in Mahboobnagar, Gadwal, Janagoan, Siddipet, Medak and Khammam districts.
As per 1st advanced estimates for 2019-20, released by Ministry of Agriculture, production of
maize for kharif season is estimated at 19.89 MMT. However, Agriwatch expects maize
production for this Kharif season at 18.86 MMT with the expected yield of 2214.14 kg/ hectare.
Daily Price Monitoring Report 14th Oct, 2019
27/09/2017
As per trade sources, in mahboobnagar district of Telangana, total yield could be affected around 20-25% due to pest and untimely rainfall while in janagoan district, crop yield could be affected around 5-10%.
As per trade sources, Vessel (OCEAN CROWN) at berth with 49,999.00 tonnes of corn for
discharge at Tuticorin port; expected to complete on 22nd September, 2019.
As per trade sources, India exported around 21,443 MT of maize for the month of July’19 at an average FoB of $330.05/ MT. Out of which, around 18,273 MT Indian maize was exported mainly to Nepal mainly through Jogbani ICD followed by Raxaul and Sonauli ICD port.
As per trade sources, in hubli-dharbad, and belgaum districts of Karnataka, total crop loss, due to heavy rainfall, could be around 15 to 20%. In shimoga, bagalkot and bijapur districts; crop loss could be around 5 % in each districts while in chikmagalur district; crop loss could be around 2%.
As per trade sources, in Sangli region of Maharashtra, around 15% crop loss could be due to flood while in Aurangabad, around 5-10% yield could be affected due to dry spell.
As per media report, Government has allowed another 4 lakh tonnes of feed grade Maize(dent
corn) to be imported under TRQ @ 15 % custom duty for actual users. Earlier, Government
allowed 1 lakh tonnes of feed grade Maize (corn) under TRQ wherein MMTC and NAFED each
were allowed to import 50,000 tonnes of corn for poultry firms during the financial year 2019-
Karnataka Davangere Bilty Closed 2325 - Closed NA - AGRIWATCH
Delhi Delhi Loose 2200 2200 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 14th Oct, 2019
27/09/2017
Sugar
Today’s Developments:
The sugar market stood steady. Sugar prices at Kolhapur market stood steady at Rs.3300/q and in U.P’s Khatauli market stood at Rs. 3470 INR. Overall the prices are expected to be firm in Indian markets.
Today’s Developments that are still Influencing Markets:
(10th Oct 2019) Syrian state agency has issued an international tender to purchase and import 80,000 tonnes of white refined sugar. According to the reports, the deadline mentioned in the tender from the General Foreign Trade Organisation is November 11. Out of 80,000 tonnes consignments, shipment is sought in two 40,000 tonne consignments. The first consignment being shipped 60 days after the letter of credit opening on the deal and the other one 180 days after supply of the first shipment. Indian sugar millers would definitely gain some advantage in exporting its refined sugar helping to clear off some stock from India.
(10th Oct 2019) Crushing in Maharashtra is delayed and would likely to commence from 2nd week of November as the mills in the state are facing difficulty in getting the crushing licenses this year. As to ensure the early payment for sugarcane farmers, Maharashtra government has decided that sugar mills would be issued crushing licences only if they agree to pay fair and remunerative price (FRP) dues to cane growers within 14 days.
(9th Oct 2019) The delegation of China will be coming to New Delhi on October 10. China imports 50 lakh tonne of sugar every year. India is looking forward to every opportunity to clear off the stocks. As the international sugar production is expected to decline in the following countries: Brazil, Thailand India is expected to decline. The central government had announced sugar export quota of 60 LMT, and the policy involves financial aid of Rs 10,448 per metric tonne (mt) to sugar mills.
(9th Oct 2019) According to Australian Sugar report released by Australian sugar milling council, the weekly crush in the week ending on 29th Sep’19 fall to 13.83 lakh tonnes and the total crush reached 202.31 lakh tonnes (66%) total crush from the beginning of the season. The weekly crush as on 30th Sep’18, was around 15.33 lakh tonnes and total crush as on date was 236.47 lakh tonnes (71.6%) compared to 2019-20 crushing as this year the country is facing from drought conditions.
(5th Oct 2019) Sugar mills in Maharashtra urge to commence 2019-2020 sugar season from November 1. State government has decided to delay the new season considering the recent floods in Kolhapur, Sangli, Pune and Satara. The sugarcane in western Maharashtra should be used quickly as most of them are damaged because of the flood. As farmers from Marathwada have uprooted sugarcane to feed their animals as fodders were not available. So, if the crushing season gets delay, there is a likelihood of more cane being diverted towards fodder. The decision regarding the start of crushing would be taken after the election only as code of conduct is enforced now.
(3rd Oct 2019) Till 29th Sep’19, around 171 sugar mills have applied for online crushing license with the maximum mills reported from Solapur district (24 mills). The crushing in Maharashtra is going to start quite late this year after Diwali. Recently, the Sugar commissioner office extended the deadline for issuing the crushing license to 30 September. It has become difficult for the mills to get the crushing license as recently the government has that the same sugar mills will be issued crushing licenses for the new season, which will pay the farmers fair and remunerative price (FRP) within 14 days.
Daily Price Monitoring Report 14th Oct, 2019
27/09/2017
(1st Oct 2019) The Food Ministry has allocated 21LT monthly sales quota for October which is higher than previous month allocation of 19.5 LT to each of 535 mills in India along with added incentivized quota to those mills who have completed their export targets under MIEQ Quota. The allocated quota is 1 LT lower than previous year’s allocated quota which stood at 22LT. The prices would remain firm amid upcoming Indian festivals along with export demand this year would supplement the sugar market.
(27th Sep 2019) Sugar factories are planning to start crushing before Diwali whereas Maharashtra will start only after Diwali due to the upcoming elections. The Karnataka sugar mills could benefit from this while Maharashtra will face challenges due to the early crushing in the neighbouring state. Usually Karnataka pulls sugarcane from the bordering districts of Karnataka from Maharashtra (Kolhapur & Sangli). As the two districts; Kolhapur and Sangli results in higher recovery compared to Karnataka, therefore, they tend to carry sugarcane from Maharashtra.
(27th Sep 2019) According to Thai Sugar Millers Corporation, Thailand exported 3.85 lakh tonnes of refined sugar and 4.59 lakh tonnes of raw sugar in Aug’19. Total of 18.99 lakh tonnes of refined sugar (-29.59%) has been exported at an average FOB $353.32/tonne and 36.86 lakh tonnes (-10.6% y/y) of raw sugar at an average FOB $293.49/tonne much lower sugar has been exported so far till Aug’19 from January’19 because of lower sugar demand in 2018-19. Whereas the refined sugar exports in 2018-19 was at 26.97 lakh tonnes and 41.24 lakh tonnes of raw sugar was exported during Jan’18 to Aug’18.
(26th Sep 2019) Maharashtra this year have been in the adverse weather conditions with 50% area in dry and remaining area in flooded conditions. The total loss of sugarcane in Maharashtra is expected to around 35-40% according to the trade sources. The sugarcane loss is included from the Marathwada region (20-25%) and from the flooded affected region in Kolhapur, Satara and Sangli (15-20%). The farmers are selling sugarcane in the cattle feed market, which is getting Rs 3,500 per tonne higher from Rs.2750 per tonne which is offered by the mills. Sugarcane was sold for cattle feed due to lack of fodder in several districts of Marathwada, Vidarbha along with some districts of western Maharashtra in the state, which gave attractive returns to farmers.
Prices :
Sugar (M grade)
State/ District Market
Modal Price (Rs /Qtl)
Change Source 10-Oct-19 09-Oct-19
Maharashtra Kolhapur 3300 3300 Unch AW
Uttar Pradesh Khatauli 3470 3470 Unch AW
Andhra Pradesh Vijayawada 3760 3760 Unch AW
Delhi Delhi 3330 3330 Unch AW
Daily Price Monitoring Report 14th Oct, 2019
27/09/2017
Cotton Today’s Developments:
The domestic Adoni market prices stood lower with due to low quality arrivals arrived from the irrigated crops whereas Rajkot market closed higher at Rs.5795/q due to delayed new arrivals.
Recent Developments that are still Influencing Market:
(11th Oct 2019) CCI has commenced the procurement initially from Punjab and Rajasthan as the prices are falling by around 10% below MSP. CCI is purchasing in small quantities as recent rains has increased the moisture content in the cotton. Yesterday CCI purchased raw cotton in Hanumangarh at Rs.5280/q as per the moisture content (11%) whereas in Punjab, today CCI has made some token purchases from Punjab at Abohar also. Farmers are being advised to let their cotton dry before they bring it to the market as CCI can only purchase fair average quality (FAQ) cotton with moisture content in the permissible limit between 8 % to 12 %.
(10th Oct 2019) As per the moisture content, the cotton prices (Kapas) moved lower to around Rs. 5000 to 5200 in Haryana, Punjab and Rajasthan. The recent rains has led to increase the moisture content upto 18-20% and CCI is yet to enter in the market to procure from farmers in 1-2 days only. CCI would buy Kapas from farmers directly at MSP (Rs.5550/q) so as to prevent them from loss but arthiyas are not allowing the farmers to sell their produce directly to CCI. The crop must generally have less than 8% moisture content for it to sell at MSP. Every 1% increase in moisture translates into lower price for farmers; the upper ceiling on moisture content is 12%.
(7th Oct 2019) According to the trade sources, the Indian cotton exports for the Aug’19 were reported at 61,991 bales against 68,509 bales in the previous month. The total exports of India from the starting of the marketing year in Oct’18 till July’19 reached to a total of 43.65 lakh bales around 21.34% lower compared to 64.99 lakh bales during the corresponding period in 2017-18. In Aug’19, Bangladesh was the largest importer, importing 45,187 indian bales with an average FOB of 2049.2 $/Tonne followed by Iran (9,625bales at FOB 2013$/Tonne) and Vietnam importing 4081 bales at 1238 $/tonne.
(3rd Oct 2019) The extended rainfall in India is harming Indian cotton after the late arrival of monsoon this year. After the rains in Maharashtra and Madhya Pradesh, Gujarat is also facing from the excess rainfall since last 3 days which is on verge of deterioration of the already formed cotton bolls. The assessment could be done after the rain stops in the state. According the trade sources, North Haryana and bordering areas of Punjab is expecting lower yield (-2%) than expected because of unsuitable weather conditions (extreme hot and rainy weather) which could encourage the pest attack on cotton.
(1st Oct 2019) India cotton industry is already struggling from slumped exports due to lean demand. India was hoping to extend the exports to China in 2019-20 but China has recently announced the duty free access to import cotton yarn and other specific items from Pakistan which will impact the Indian exports. India is becoming uncompetitive against Pakistan and Vietnam as China has been giving zero duty access while India is facing 3.5-4% levy. The Indian export yarn exports fallen to 15-20 million kg in 2019 as against an average of 50-60 million kg in 2018.
(1st Oct 2019) As on 26th Sep’19, the cotton area has been increased this year by 6.62 lakh ha and stood at 127.67 lakh ha till now higher than 121.05 lakh ha last year. The sowing is lagging behind in Gujarat by 1.6% this week and stood same at 26.67 lakh ha followed by Madhya Pradesh is behind by 12.6% covering only 6.09 lakh ha area. Whereas all other states are now ahead compared to previous year. So far, the total area of cotton expanded this year by around
Daily Price Monitoring Report 14th Oct, 2019
27/09/2017
5.46%. The advancement in rainfall has favoured the North India crop which has increased the yield in Punjab while some areas in Madhya Pradesh received above average rainfall. IMD forecasts there would be heavy rainfall in MP and Saurashtra region of Gujarat which could affect the crop at this maturity stage.
(27th Sep 2019) The prices of raw cotton are prevailing under the MSP of long staple cotton of Rs. 5450 per quintal fixed by the government around Rs.5000/q. The raw cotton containing above the permissible limit of moisture content (>8%) is offered much below Rs.5000/q around Rs.4800/q. CCI is expected to start procuring the cotton from Punjab in order to stabilize the market from 1st Oct’19. There would be deduction of 1% in support price for every 1% increase in the moisture content. The crop with a moisture content of 12% will be procured at the support price of Rs.5232/q after the deductions.
(26th Sep 2019) The Indian cotton has been offered around 76-77 cents/lbs to importing countries like Bangladesh and Vietnam for November to December shipments whereas the price from US and Brazil is being offered around 70 cents/lbs which is cheaper than Indian cotton due to which the buyers from importing countries are switching over to other countries other than India. Traders usually seal contracts to export around 8 lakh bales before the start of the season on 1st Oct, but this year they had managed to sell around only 3 lakh bales for shipments. But the estimated bumper production could help fall in the prices and make the exports feasible.
*Difference between current and previous day’s prices.
Daily Price Monitoring Report 14th Oct, 2019
27/09/2017
Groundnut oil
Today’s Developments
No significant development today
Recent Developments that are still Influencing Markets:
(3 Oct 2019)- Groundnut oil prices are expected to be supported by demand ahead of festivals
and deteorating condition of groundnut crop. Demand is firm due to rains in groundnut growing
regions in Gujarat has led to chances of crop loss, has led to preponing of demand. NAFED sale
has picked up leading to higher supply of groundnut leading to higher supply of groundnut oil
may lead to lower prices of groundnut oil. Retail demand has improved due to fall prices. There
is no parity in all variety of groundnut oil. Medium quality oil is moving towards Andhra Pradesh
at Rs 980-100 per 10 kg.
In Andhra Pradesh, prices will stay moderated as demand season is over. However, prices may
rise due to parity with Gujarat and demand ahead of festivals. Stocks position of groundnut oil is
weak. Retail demand has weakened due to higher prices of groundnut oil. Most of the oils
arriving in market are from Gujarat. High premium of groundnut oil over sunflower oil and palm
oil will cap gains in prices.
(12 Sep 2019)- Groundnut oil prices are expected to weaken on higher prices of groundnut oil.
Demand is weak due to rains in groundnut growing regions in Gujarat, thereby leading to
postponement of demand. Rains has improved groundnut condition in Gujarat which is
expected to improve yield. NAFED sale has picked up leading to higher supply of groundnut
leading to higher supply of groundnut oil has led to lower prices of groundnut oil. Retail demand
has weakened due to higher prices and high volatility in prices. However, demand is expected to
rise towards in near term on festive demand supporting prices. There is no parity in all variety of
groundnut oil. Medium quality oil is moving towards Andhra Pradesh at Rs 940-980 per 10 kg.
In Andhra Pradesh demand has weakened as peak demand season is over. Stocks position of
groundnut oil is weak. Retail demand has weakened due to higher prices of groundnut oil. Most
of the oils arriving in market are from Gujarat. High premium of groundnut oil over sunflower oil
and palm oil will cap gains in prices.
(26 Aug 2019)- Groundnut oil prices are expected to weaken on surge in prices of groundnut oil.
Demand is weak due to rains in groundnut growing regions in Gujarat, thereby leading to
postponement of demand. Rains has improved groundnut condition in Gujarat which is
expected to improve yield. NAFED sale has picked up leading to higher supply of groundnut
leading to higher supply of groundnut oil has led to lower prices of groundnut oil. Retail demand
has weakened due to higher prices and high volatility in prices. However, demand is expected to
rise towards in near term on festive demand supporting prices. There is no parity in all variety of
groundnut oil. Medium quality oil is moving towards Andhra Pradesh at Rs 960-1000 per 10 kg.
In Andhra Pradesh demand has weakened as peak demand season is over. Stocks position of
groundnut oil is weak. Retail demand has weakened due to higher prices of groundnut oil. There
Daily Price Monitoring Report 14th Oct, 2019
27/09/2017
is no marriage and festive season demand now. Most of the oils arriving in market are from
Gujarat. High premium of groundnut oil over sunflower oil and palm oil will cap gains in prices.
Prices:
Groundnut Oil Prices (In Rs./ 10Kg)
State/District Market 12 Oct 2019 11 Oct 19 Change Source
Gujarat Rajkot 990 990 Unch Agriwatch
Telangana Hyderabad 1020 1020 Unch Agriwatch
Tamil Nadu Chennai 1040 1040 Unch Agriwatch
*Difference between current and previous day’s prices.
Daily Price Monitoring Report 14th Oct, 2019
27/09/2017
RICE
Today’s Developments:
5 lakh tonnes of paddy arrived in the Karnal region of Haryana, out of which 3.6 lakh tonnes of
paddy was purchased by the Food and Supply Department 97120 tonnes Hafed and 42667 tonnes
by HSWC. Paddy piled into the mandis as government sales slowed due to storage problem.
Recent Developments that are still influencing the Markets:
(07th Oct 2019) Saudi Arabia's tightening of rice import rules may affect rice exports from India. Earlier the Indian rice industry is already facing trouble in terms of exports due to the ban on Iran, Saudi Arabia has implemented a new system for quality control from 1 September 2019. A certificate of quality is required for each batch. Only 2 agencies have been allowed to issue COC for rice exports from India.
(3rd Oct 2019) Government procurement of paddy has started since October 1, but FCI rice sales are weak, the stock of food grains has increased in the go downs compared to the previous year, due to lack of space.
(3rd Oct 2019) More than 20 shipwrecks were trapped after the US imposed a sanction on Iran.
The pressure of arrival of paddy in the mandi of Uttar Pradesh has not been formed yet, the rain
on the standing crop has damaged the paddy crop.
(30th Sept 2019) Punjab targets paddy procurement of 170 lakh tonnes. Punjab CM has
directed the Food Department to obtain all receivables from GoI and FCI at the earliest, to
ensure that the Cash Credit Limit (CCL) is availed in time for the smooth procurement of
Paddy. The Chief Minister was reviewing the arrangements for the procurement season,
beginning from October 1. With 29.20 Lakh hectares of area under paddy cultivation,
Punjab is targeting procurement of 170 Lakh Metric Tonnes, requiring CCL to the tune of
Rs. 34,500 Crores in Kharif Season 2019-20.
(30th Sept 2019) On September 25, under Maharashtra FCI OMSS scheme, 50 metric tons of rice at
Rs.2,790 per quintal. FCI sold 4,300 metric tons of rice from Jammu and Kashmir at Rs.2,785 per
quintal . Under the FCI OMSS scheme, on September 25, 30,000 metric tons of rice was sold from
Karnataka at a price of Rs 2,785 per quintal.
(28th Sept 2019) FCI Plans to Cut the Rice Reserve Price: Food Corporation of India (FCI) is
regularly conducting e-auctions every week to sell rice under the Open Market Sales Scheme
(OMSS) but its purchase includes bulk consumers (millers, traders and exporters etc.) The interest
is not shown as the minimum selling price of this rice is higher than the prevailing price in the
domestic market. The sale of rice is slowing down due to no commercial purchase. It is being
procured in limited quantities only by the states. It is noteworthy that the minimum selling price
of rice sold under OMSS is currently running at Rs 2785 per quintal. The government had earlier
said that this price will continue till September and when the arrival of new goods starts in
October, then it will be decided that this price should be retained or any modification or
modification in it. The month of September is coming to an end and the performance of
government rice sales is very weak, so its price can be reduced to make it attractive to buyers.
Daily Price Monitoring Report 14th Oct, 2019
27/09/2017
(26th Sept 2019) The Haryana Chief Minister gave permission to purchase paddy till September 25,
before the conduct of election conduct in Haryana. Realizing the situation first, the Haryana
Government wrote a letter to the Central Government on September 17, requesting that
government procurement be started soon. The Central Government gave approval to allow
purchase of Kharif season from 1 October to 15 December from 25 September to 15 December.
Circular is yet to come.
(26th Sept 2019) Paddy was sown in 12.57 lakh hectare in Telangana against 10.25 lakh hectare last year. In the last season, government procurement of 52 lakh tonnes of paddy was made from Telangana during the Kharif and Rabi seasons.
(24th Sept 2019) According to APEDA, basmati rice exports from India could reach around 44 lakh tons last year, a decline of 9% in Indian basmati rice imports from April to July. An APEDA official said that if the farmer reduces the use of pesticides, exports to many countries can be opened.
(23rd Sept 2019) Indonesia Agrees to Import Indian Rice & Sugar to Push Trade Volume to $50 billion: South East Asia’s biggest nation Indonesia has decided to purchase rice and sugar NSE 0.74 % from India — a move that will help to reduce trade deficit between the two sides and push trade volume to $ 50 billion by 2025. The bilateral trade is currently in favour of Indonesia and export of rice and sugar from India will help to bridge trade deficit. This decision to import Indian rice and sugar is understood to have been taken by Jakarta in the backdrop of India providing level playing field to Indonesian palm oil by charging same duties on Malaysian palm oil. On September 16 the Embassy of India, Jakarta, in partnership with the Ministry of Trade of Government of Indonesia, jointly hosted a Multi-Product Road Show, focusing on exports of Bovine Meat, Rice and Sugar from India to Indonesia.
(22ndSept 2019) Organic Basmati Promotes in Punjab Exporters can happily give a bonus of Rs 150 per quintal by Punjab farmers for increasing the production of organic basmati rice. Punjab produced around 200 lakh tonnes of paddy on 23.64 lakh hectares during 2017 which is 6% more than in 2016. Punjab is included in the 'Agricultural Ranking Award' 2017-18 list due to excess production.
(21st Sept 2019) Sowing of Kharif Crops in Andhra Pradesh is Behind Last Year: So far this year in Andhra Pradesh, an important agricultural producing state of South India, the total production area of Kharif crops has reached 31.35 lakh hectare, which is 3.00 lakh hectare less than the 33.30 lakh hectare in the same period last year. The area is about 82 percent of 42.05 lakh hectares. According to the new weekly report of the State Agriculture Department, the area under paddy production in Andhra Pradesh decreased from 13.87 lakh hectare to 13.23 lakh hectare in the current kharif season as compared to the same period last year.
(20th Sept 2019) 101 Percent of Kharif Crops Sown in Telangana: The area of Kharif crops in the South Indian state Telangana has increased to 43.94 lakh hectare, which is much higher than the 41.39 lakh hectare sowing area and 101 percent of the normal average area of 43.35 lakh hectare in the same period last year. Late monsoon but good rains helped farmers in the state to increase sowing of kharif crops. According to the latest report of the State Agriculture Department, the production of paddy in Telangana jumped from 10.32 lakh hectare to 12.58 lakh hectare during the current kharif season as compared to last year.
(18th Sept 2019) Chhattisgarh government can declare a bonus of Rs 685 per quintal on the government procurement of paddy in the current season, this purchase will start from October 1. The Central Government had declared MSP of Common Grade Paddy at Rs 1815 per quintal, after a bonus of Rs 685, the purchase price will be Rs 2500 per quintal. Which is equal to the previous year. Last year, the state government announced a bonus of Rs 750 per quintal in December. In
Daily Price Monitoring Report 14th Oct, 2019
27/09/2017
2018-19, 39.7 lakh tonnes of paddy was procured from Chhattisgarh which was 32.17 lakh tonnes during 2017-18. If the government buys at this price, then even the mandis of Chhattisgarh will have to buy paddy at high prices, which is not good news for exporters.
(17th Sept 2019) As per the Ministry of Agriculture, current Kharif Rice acreage as on 13th September 2019 declined by 2 per cent at 374.09 lakh hectares as compared to 381.75 lakh hectares last year same period. Higher acreage under Rice is reported from Madhya Pradesh (24.60 lakh hectares), Telangana (11.67 lakh hectares), Odisha (37.17 lakh hectares), Chhattisgarh (38.14 lakh hectares), Uttar Pradesh (60.05 lakh hectares), Haryana (13.05 lakh hectares), Lower acreage is reported from Bihar (27.72 lakh hectares), Jharkhand (13.57 lakh hectares), West Bengal (39.83 lakh hectares), Karnataka (7.00 lakh hectares), Tamil Nadu (3.02 lakh hectares), Andhra Pradesh (12.38 lakh hectares), Manipur (0.58 lakh hectares), Punjab (29.20 lakh hectares).
Prices & Arrivals
Rice
State/ District
Market Variety Modal Price (Rs /Qtl)
Change Arrivals (Qtl)
Change Source
12 Oct 2019
11 Oct 19 12 Oct
2019 11 Oct 19
CHHATTISGARH
BALOD PADDY-SWARNA MASOORI
2050 2030 20 2500 2000 500 E-nam
CHHATTISGARH
BHATAPARA
PADDY-HMT
2130 2150 -20 2100 2060 40 E-nam
CHHATTISGARH
BALOD PADDY 1001
1870 1850 20 500
600 -100 E-nam
TELANGANA BADEPALLY
Paddy RNR 1810 1800 10 500 420 80 E-nam
TELANGANA MAHBUBNAGAR
RNR 1770 1780 -10 500 280 220 E-nam
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