Daily Price Monitoring Report 11 March 2019 Pulses Today’s Developments: • Tur traded weak with increasing arrivals in major markets amid slower pace of procurement by various agencies. Total procurement by Nafed, has reached at 1.44 lakh tonne. Arrival pressure is likely to continue amid restricted buying by private trades. There is a common view in the market that tur price may go down by Rs100-150 more from current level as bulk users demand remains sluggish at this point of time. However, any major dip is unlikely as crop size is lower this year.hana • Recovery in chana market is unlikely to sustain after Holi. Demand from millers and lower arrivals in mandis have helped market to recover. In Delhi market chana is being traded at Rs4200-4250. It may move slightly up further. Recent Developments that are still Influencing Markets: • (08 Mar 2019) Nafed in Maharashtra has started selling chana. Around 31,500 MT has been offered. Selling in various states is likely to continue as it has to procure new one. In north and Central India market farmers may retain stock for better price and it might affect normal arrivals in mandis. Besides, procurement in major states are expected from end March and it may support chana market to some extent. Demand for besan is increasing and mills would continue to fulfill its immediate demand. So, chana may get some support at current level. However, after Holi pressure might be build up again. • (06 Mar 2019) Despite decision to release imported pulses, lying on various ports, by Madras High Court, Kolkatta custom has denied to clear 4000 containers of pulses at ports. Out of total containers there is 2000 containers of Urad,500 is of tur and the rest is of peas. The hearing would continue. • (04 Mar 2019) Burma is offering tur lemon at $585 per MT basis Indian ports. Old tur is being offered at $520 per MT.Linkly at $540 per MT. Urad FAQ is being traded at$490 and SQ at $585 per MT basis Indian ports. Chana kabuli is being offered at $630 per tonne and Hollan at $670 per MT. Moong Pakaku is being offered at $680 and red rajma at $980 per MT. • (28 Feb 2019) DGFT has has separated HS code for moong and urad now. Before this HS code for urad and moong was 07133100. Now it is 07133110 for urad and 07133100 for moong. Actually, it would make it easy to quantify import-export of both commodities now. • (25 Feb 2019) Pressure continues on pulses market despite procurement drive in South Indian states. Private buyers are almost inactive for bulk purchase as demand from retail market remains restricted. Chana ,Tur, urad and moong are awaiting from demand. As procurement is on, any major decrease is unlikely at this point of time. Recovery depends on demand improvement in coming weeks. Market is well aware of the fact that there is plenty of stock in central pool and with new arrival supply side will be at ease. • (23 Feb 2019) Uncertainty over import quantity and govt’s move would be a price driving factor in coming months.Rabi crop size is expected to be lower than normal expectation. However, huge stock in central pool would continue to cap uptrend in the near term. • (20 Feb 2019) Pressure continues on pulses market as 2nd adv. estimate for foodgrains, likely by the end of this month, is believed to be higher than normal market expectation. Bulk buyers are cautious amid weak demand and continued arrival from new crop. Weather is likely to be dry from next week and harvesting activities would increase. Procurement drive in limited region too are pressurizing market. Overall trend in pulses market seems bearish. Chana, tur and urad may trade Rs 100-150 lower from current level. • (19 Feb 2019) As per market sources around 250 containers of pulses including Urad, tur, masur and pea were cleared at Chennai port on Feb 16th.It is said that cleared pulses bill of landing was before 25th Jan-2019.Actually, pulses that have been cleared had already OCC and plant quarantine
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AP Daily Commodities-Outlook Report 2019-03-11 Agricultur… · • (15th Feb 2019) US and Canada have started objection over pulses MSP (lentils, chickpeas, pigeon peas, mung beans
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Daily Price Monitoring Report
11 March 2019
Pulses Today’s Developments:
• Tur traded weak with increasing arrivals in major markets amid slower pace of procurement by
various agencies. Total procurement by Nafed, has reached at 1.44 lakh tonne. Arrival pressure is
likely to continue amid restricted buying by private trades. There is a common view in the market
that tur price may go down by Rs100-150 more from current level as bulk users demand remains
sluggish at this point of time. However, any major dip is unlikely as crop size is lower this year.hana
• Recovery in chana market is unlikely to sustain after Holi. Demand from millers and lower arrivals in
mandis have helped market to recover. In Delhi market chana is being traded at Rs4200-4250. It may
move slightly up further.
Recent Developments that are still Influencing Markets:
• (08 Mar 2019) Nafed in Maharashtra has started selling chana. Around 31,500 MT has been offered.
Selling in various states is likely to continue as it has to procure new one. In north and Central India
market farmers may retain stock for better price and it might affect normal arrivals in mandis.
Besides, procurement in major states are expected from end March and it may support chana market
to some extent. Demand for besan is increasing and mills would continue to fulfill its immediate
demand. So, chana may get some support at current level. However, after Holi pressure might be
build up again.
• (06 Mar 2019) Despite decision to release imported pulses, lying on various ports, by Madras High
Court, Kolkatta custom has denied to clear 4000 containers of pulses at ports. Out of total containers
there is 2000 containers of Urad,500 is of tur and the rest is of peas. The hearing would continue.
• (04 Mar 2019) Burma is offering tur lemon at $585 per MT basis Indian ports. Old tur is being offered
at $520 per MT.Linkly at $540 per MT. Urad FAQ is being traded at$490 and SQ at $585 per MT basis
Indian ports. Chana kabuli is being offered at $630 per tonne and Hollan at $670 per MT. Moong
Pakaku is being offered at $680 and red rajma at $980 per MT.
• (28 Feb 2019) DGFT has has separated HS code for moong and urad now. Before this HS code for
urad and moong was 07133100. Now it is 07133110 for urad and 07133100 for moong. Actually, it
would make it easy to quantify import-export of both commodities now.
• (25 Feb 2019) Pressure continues on pulses market despite procurement drive in South Indian states.
Private buyers are almost inactive for bulk purchase as demand from retail market remains
restricted. Chana ,Tur, urad and moong are awaiting from demand. As procurement is on, any major
decrease is unlikely at this point of time. Recovery depends on demand improvement in coming
weeks. Market is well aware of the fact that there is plenty of stock in central pool and with new
arrival supply side will be at ease.
• (23 Feb 2019) Uncertainty over import quantity and govt’s move would be a price driving factor in
coming months.Rabi crop size is expected to be lower than normal expectation. However, huge stock
in central pool would continue to cap uptrend in the near term.
• (20 Feb 2019) Pressure continues on pulses market as 2nd adv. estimate for foodgrains, likely by the
end of this month, is believed to be higher than normal market expectation. Bulk buyers are cautious
amid weak demand and continued arrival from new crop. Weather is likely to be dry from next week
and harvesting activities would increase. Procurement drive in limited region too are pressurizing
market. Overall trend in pulses market seems bearish. Chana, tur and urad may trade Rs 100-150
lower from current level.
• (19 Feb 2019) As per market sources around 250 containers of pulses including Urad, tur, masur and
pea were cleared at Chennai port on Feb 16th.It is said that cleared pulses bill of landing was before
25th Jan-2019.Actually, pulses that have been cleared had already OCC and plant quarantine
Daily Price Monitoring Report
11 March 2019
certificate. Confirmation is awaited from authorized authority. As per market sources, more
import/release clearance at port is unlikely now.
• (15th Feb 2019) US and Canada have started objection over pulses MSP (lentils, chickpeas, pigeon
peas, mung beans and black matpe) in WTO. Both countries have presented their own calculation
for inspection of WTO members. India’s MSP for 5 pulses is about 26 times higher at Rs. 69,923 crore
in place of the notified Rs. 2,667 crore, according to a joint submission made by the countries to the
WTO on 12th February. It appears that India’s MSP for pulses is very much in excess of what it has
• (11.03.2019)Madhya Pradesh offers to sale total 3623.79 MTs of Groundnut kharif 18 PSS and
total 7329 MTs of Groundnut Rabi 18 PSS on 11th March 2019. While, Gujarat offers total 31658
MTs of groundnut pods PSS K-17 for disposal as on 11th March 2019.
•
Recent Developments that are still Influencing Markets: • (07.03.2019) Stocks with farmers and private traders were about 1.0 lakh tons while NAFED has 3.6
lakh tons of groundnut stock. So, total stock in NAFED is 10.40 lakh tons apart from additional stocks
with trade and farmers. Farmers have around 2 lakh tons of groundnut stocks with factory is around
1 lakh tons. High stocks are weighing on prices of groundnut.
• (07.03.2019) In the second advanced estimates, ministry expects lower Indian groundnut crop
(Kharif and Rabi) at 69.70 lakh tonnes for 2018/19 season against 82.17 lakh tonnes in 2017/18.
Kharif groundnut crop size during 2018-19 is estimated at 54.41 lakh tonnes which is lower by
17.74% than the production of 66.15 million tonnes in 2nd Advance Estimates of 2017-18. Less
rainfall at initial stage of crop and lower acreage are the main reason to cut output of Groundnut.
• (22.02.2019) We expects AP groundnut crop size at 4.21 lakh metric tonnes for 2018/19 season
lower from previous year crop size i.e. 5.48 lakh metric tonnes as farmers are covering lower sowing
area so far.
• (19.02.2019) As per APEDA data, India’s groundnut kernel shipment declined at 3.57 Lakh tonnes
during April-December 2018 amounting total Rs. 2,394 crore. This was lower than the corresponding
figures of 3.88 LT and Rs 2,647 crore. The country exported total 5.04 lakh tonnes of groundnut
kernel in 2017-18 (April-March) valued Rs. 3,386.30 crore.
• (15.02.2019) As per recent ministry report, total groundnut area in India has been reported down
at 4.81 Lakh hac. in this year as compared to 6.27 lakh hac. in previous year. In AP, it is recorded at
0.58 lakh hac. for this year which is lower than 0.85 lakh hac. in the previous year.
• (13.02.2019) As per recent updates, GSCSL (Gujarat State Civil Supplies Corporation Limited )
procured total 4.25 lakh tonnes of Groundnut from 2.10 lakh farmers of the state at the cost of Rs.
2127 crore. The operation of procurement of groundnut from farmers by the central government
under price support scheme (PSS) ended in Gujarat on 12th Feb 2019.
• (12.02.2019) As per recent ministry report, India covers lower Groundnut sowing area in AP to 0.58
lakh Ha. of the current season as compared to 0.85 lakh Ha in previous year. It is down by 0.27%.
• (7.02.2019)Nafed has announced to close the procurement of groundnut now due to less
availabilities of stocks in mandis. The agency procured around 668,486 tonnes of groundnut worth
Rs 3,269 crore for the current season and is carrying over an inventory of around 300,000 tonnes
worth around Rs 1,500 crore. Nafed officers stated that they will restart the sale of Kharif 2017 and
2018 groundnut in Gujarat, Rajasthan, Uttar Pradesh and Madhya Pradesh on February 11,2019.
Current price of Groundnut in India is quoting 10% higher than current International prices.
• (6.02.2019) As per recent updates from DGCIS, Gujarat shipped total 1.79 lakh tonnes groundnut
worth Rs. 1224 crore in April to November of the 2018/19 fiscal. The state may export lower size of
groundnut around 2.50 lakh tonnes during this end of this fiscal due to less competitive prices in
domestic & global market. In 2017/18, Gujarat's shipment was recorded at 3.22 lakh tonnes (value
Daily Price Monitoring Report
11 March 2019
at Rs. 2115 crore). Lowest volume of Gujarat's exports may reduce total groundnut exports volume
of India for the season 2018/19.
• (2.02.2019) As per recent ministry report, India covers lower Groundnut sowing area in AP to 0.55
lakh Ha. of the current season as compared to 0.85 lakh Ha in previous year.
• (18.01.2019)-In the second advanced estimates AP has downward revised the Kharif production
estimate of GN to 3.29 lakh tons as against 4.05 lakh tons in 1stAdvanced estimates. Rabi groundnut
production is estimated at 1.49 lakh tons.
• (02.01.2019)-The groundnut Rabi sowing has been lower y-o-y as the lower residual moisture hasn’t
helped farmers going for the rabi crop in states of Telangana and Karnataka. However in TN the
sowing is better as the rains has been good.
• The North East Monsoon as on 26th Dec closed with overall 41% deficit. Rabi groundnut area such
as Telangana was deficit by 65%, SI Karnataka by 41%, NI Karnataka by 65%, Rayalseema by 62% and
TN by 22%. Thus the NE monsoon rainfall also didn’t assist in rising groundnut acreages despite of
the prevailing higher groundnut prices as compared to last year.
• (19.12.2018)-With the groundnut modal prices at Adoni bottoming out for the season the downside
potential remains limited and the tone of bullishness depends on the quantum of rabi and summer
groundnut arrivals in AP and crop performance in nearby states. Gujarat summer crop is going to
be one of the lowest and hence fresh supplies from rabi and summer seems to be lower as of now.
• (18.12.2018)-The current cyclone Pethai has brought copious and widespread rains in many parts of
Karnataka, TN, AP and Telangana. Such rain is going to much benefit the prospects of rabi groundnut
sowing. However it is too early to say anything about the spring summer crop which usually happens
to be very negligible in these states.
• (30.11.2018)-The state government of Gujarat after delay of almost a week has decided to expedite
the payment of dues to the groundnut farmers. The first instalment of Rs.167 crore will be paid to
the farmers in the next two days. The government had purchased 40,000 tonnes groundnuts worth
Rs 198 crore from farmers but only Rs 1.22 crore has been paid since the date of purchase
(November 15).
• (22.11.2018)-Exporters of groundnut have urged the Union government to provide 10% incentive
under the Merchandise Exports from India scheme (MEIS) to increase exports to China and the
European Union. Though China and European Union are the major markets for oilseeds, India
exports minimal quantities to these countries. China imported about 290,000 tonnes of groundnut
in 2017-18 and India’s share was only 627 tonnes. Overall imports of groundnut by European Union
is about 8 lakh tonnes and India imports around 15,000 tonnes. India is facing competition from
African countries which has zero duty on exports to China.
• (20.11.2018)-The Gujarat government will conduct groundnut procurement in coordination with the
National Agricultural Cooperative Marketing Federation of India Limited (Nafed). Earlier, differences
had surfaced after Nafed refused to procure groundnut and other agriculture crops citing
inadequate infrastructure with the State agencies. Nafed's concerns came after last year’s reports
of irreg-ularities and malpractices at groundnut warehouses. As per the latest data, so far 8700
tonnes of groundnut worth Rs.43 crore has been procured from over 3700 farmers in the State.
Daily Price Monitoring Report
11 March 2019
Price & Arrival:
Groundnut
State/Distri
ct Market Variety
Modal Price
(Rs/Qtl) Chang
e
Arrivals (Qtl)
Chang
e Source
09-Mar-
19
08-Mar-
19
09-Mar-
19
08-
Mar-
19
Andhra
Pradesh
Adoni NA 4439 NA NA 96 NA NAM
Dharmavaram Local NA NA NA NA NA NA Agmarknet
Gooti Local NA NA NA NA NA NA Agmarknet
Guntakal Local NA NA NA NA NA NA Agmarknet
Kadapa Local NA NA NA NA NA NA NAM
Kadiri Local NA NA NA NA NA NA Agmarknet
Kalyandurg NA NA NA NA NA NA Agmarknet
Kurnool 4607 4429 178 32 52 -20 NAM
Madakasira JL-24 NA NA NA NA NA NA Agmarknet
Penukonda Local NA NA NA NA NA NA Agmarknet
Piler Local NA NA NA NA NA NA Agmarknet
Rayachoti Local NA NA NA NA NA NA Agmarknet
Srikalahasti Other NA NA NA NA NA NA Agmarknet
Tenakallu Local NA NA NA NA NA NA Agmarknet
Yemmiganur NA 4560 NA NA 35 NA NAM
Gujarat
Bhavnagar NA NA NA NA NA NA NAM
Deesa NA NA NA NA NA NA NAM
Jamnagar NA NA NA NA NA NA NAM
Rajkot 4000 3750 250 30 47 -17 NAM
Telangana
Nagarkurnool NA 4419 NA NA 258 NA NAM
Suryapeta 5119 4689 430 4 13 -9 NAM
Tandur 4511 4500 11 53 28 25 NAM
WanpWarthy
Town NA 4387 NA NA 60 NA NAM
Daily Price Monitoring Report
11 March 2019
Onion
Today’s Developments
(No significant developments today)
Recent Developments that are still influencing the Market:
• (7 March 2019) - Onion prices are expected to trade on lower side only for next couple of weeks
because of continuous rabi arrivals from producing regions.
• (5 March 2019) - In Maharashtra, arrivals during the period 1st February to 28th February 2019 are
4.8% higher than last year during same period.
• (5 March 2019) - Across the country fresh crop is coming in market from Maharashtra, Rajasthan,
Madhya Pradesh and Gujarat.
• (26 February 2019) - Across the country prices are trading on lower side because of continuous
supply from producing regions. Also last year kharif production was lesser and crop was damaged
in South Indian states due to cyclonic condition whereas this year Rabi stock was higher and
hoarded which lasted till January month.
• (21 February 2019) - Prices are trading steady in most of the markets because of continuous
arrivals from producing regions.
• (18 February 2019) - All India Rabi production is estimated to be approximately 134.71 lakh tons
which is 10.83% lesser than last year’s production of 151 lakh tons.
• (18 February 2019) - Across the country prices are trading on lower side because of continuous
supply from producing regions.
• (11 February 2019) - In Kurnool, onion arrivals reported higher on Friday because of which prices
dropped down to Rs 50-Rs 100/ quintal.
• (7 February 2019) - All India Rabi production is estimated to be approximately 10% lesser than