Commodity Market Monitor - 30th April, 2019 - Ncml.Com

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Commodity Market Monitor - 30th April, 2019 - Ncml.Com
Commodity Market
                                               Monitor
                                               30th April, 2019
                                       CASTOR| RM Seed | COTTON | SUGAR

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Commodity Market Monitor - 30th April, 2019 - Ncml.Com
All India Weather Status

 Last week all India Rainfall status: 18th April 2019 to 24th April 2019
        •    Arunachal Pradesh, Sikkim and West Bengal States received deficit rainfall
        •    Chhattisgarh and Tamil Nadu states received the excess rainfall
        •    Jharkhand, Uttar Pradesh, Uttarakhand, Haryana, Punjab, Rajasthan, Odisha, Madhya Pradesh, Andhra
             Pradesh, Telangana and Kerala states received the large excess rainfall
        •    Assam, Meghalaya, Nagaland, Manipur, Tripura, Bihar, Goa and Maharashtra state received the large
             Deficit rainfall
        •    Himachal Pradesh, Jammu & Kashmir and Karnataka state received the normal rainfall
        •    No rainfall is observed in Mizoram and Gujarat States
             During the week, rainfall was below Long Period Average (LPA) by 6% over thecountry as a whole.

                                    Seasonal all India Rainfall status: 1st March 2019 to 29th April 2019.
                                         •    Arunachal Pradesh, Assam, Meghalaya, Manipur, Tripura, Uttar Pradesh, Himachal Pradesh, Jammu &
                                              Kashmir, Gujarat, Maharashtra, Andhra Pradesh, Telangana, Karnataka and Kerala states received the
                                              deficit rainfall.
                                         •    West Bengal, Bihar and Madhya Pradesh state received the excess rainfall
                                         •    Mizoram, Goa and Tamil Nadu states received large deficit rainfall.
                                         •    Jharkhand and Rajasthan states received the large excess rainfall
                                         •    Nagaland, Sikkim, Uttarakhand, Haryana, Punjab, Odisha and Chhattisgarh statesreceived the normal
                                              rainfall.

                                    For the country as a whole, cumulative rainfall during 01st March to 29th April 2019 was below LPA by 31% over

Weather Forecast:
    •       Day maximum temperatures are very likely above normal by 2-4°C over West & adjoining central India during next 48 hours thereafter
            gradual fall over the same region. No significant change likely over the rest of the country during this period.
    •       Widespread rainfall likely over East, northeast India & Andaman & Nicobar Islands and scattered to fairly widespread over western
            Himalayan region and northern plains; Isolated rainfall likely over west coasts and Lakshadweep. Dry weather likely over the rest of the
            country.
    •       The Cyclonic Storm 'FANI' (pronounced as 'FONI') over southeast Bay of Bengal & neighbourhood moved further northwards with a
            speed of about 11 kmph in last 06 hours and lay centred at 1130 hrs IST of 29th April, 2019 near Lat. 9.2°N and Long. 86.9°E over
            southeast Bay of Bengal & neighbourhood, about 620 km east-northeast of Trincomalee (Sri Lanka), 840 km east-southeast of Chennai
            (Tamil Nadu) and 990 km south-southeast of Machilipatnam (Andhra Pradesh). It is very likely to intensify into a Severe Cyclonic Storm
            during next 06 hours and into a Very Severe Cyclonic Storm during subsequent 24 hours. It is very likely to move northwestwards till
            01st May and thereafter re-curve north-northeastwards towards Odisha Coast.

                                                                               All India Reservoir Status: as on 25th April 2019
                                                                               Central Water Commission is monitoring live storage status of 91
                                                                               reservoirs of the country on weekly basis and is issuing weekly
                                                                               bulletin on every Thursday. The total live storage capacity of these 91
                                                                               reservoirs is 161.993 BCM which is about 63% of the live storage
                                                                               capacity of 257.812 BCM which is estimated to have been created in
                                                                               the country. As per reservoir storage bulletin dated 25.04.2019, live
                                                                               storage available in these reservoirs is 42.526 BCM, which is 26% of
                                                                               total live storage capacity of these reservoirs. However, last year the
                                                                               live storage available in these reservoirs for the corresponding
                                                                               period was 37.314 BCM and the average of last 10 years live storage
                                                                               was 41.074 BCM. Thus, the live storage available in 91 reservoirs as
                                                                               per 25.04.2019 Bulletin is 114% of the live storage of corresponding
                                                                               period of last year and 104% of storage of average of last ten years.

Source: IMD, DAC&FW and CWC
Commodity Market Monitor - 30th April, 2019 - Ncml.Com
Current Crop Scenario

                                        Wheat
Change in Acreage:298.47 lakh ha area coverage has been reported compared to normal
306.29 lakh ha.
Current Scenario:The crop harvesting is ongoing. Lustre loss is witnessed due to rainfall
in Rajasthan, Madhya Pradesh, Haryana and Uttar Pradesh. Further, crop has suffered
damage due to moderate to heavy hailstorm in several areas of Rajasthan, Madhya
Pradesh, and Gujarat in third week of April-2019. However, favorable climate condition
was beneficial to crop health and yield in major growing Stats. Incidence of disease and
insect has not been observed in field during crop growing. Overall crop condition is
below normal to normal
Production: According to NCML Research, Wheat production for the year 2018-19 is
estimated to be 971 lakh MT, whereas 2nd advance estimate of the Govt. of India is 991
lakh MT

                                                                                            Mustard
Prediction:Yield is expected to be normal. Change in Acreage:69.37 lakh ha area coverage has been reported compared to normal
                                                   61.25 lakh ha.

                                                   Current Scenario:The crop has been harvested. Favourable climatic conditions was
                                                   beneficial to crop. Incidence of disease and insect has not been observed in field.

                                                   Production:According to NCML Research, Mustard production for the year 2018-19 is
                                                   estimated to be 82.5 lakh MT, whereas 2nd advance estimate of the Govt. of India is 84
                                                   lakh MT

                                      Gram
Change in Acreage: 96.59 lakh ha area coverage has been reported compared to
normal 89.45 lakh ha.

Current Scenario:The crop has been harvested. Incidence of disease and insect has
been observed in some regions of Maharashtra, Andhra Pradesh & Telangana.
Additionally, crop in Madhya Pradesh & Rajasthan is affected by frost and drought.
Overall crop condition is below-normal to normal. Overall crop condition was below-
normal to normal

Production:According to NCML Research, Gram production for the year 2018-19 is
estimated to be 81 lakh MT, whereas 2nd advance estimate of the Govt. of India is 103
lakh MT

                                                                                              Lentil
                                                     Change in Acreage:16.93 lakh ha area coverage has been reported compared to
                                                     normal 13.94 lakh ha.

                                                     Current Scenario:The crop has been harvested. Rainfall received in month of Feb-19
                                                     was beneficial for crop yield. Incidence of disease and insect was not observed in
                                                     field. Overall crop condition was normal.

                                                     Production:According to NCML Research, Lentil production for the year 2018-19 is
                                                     estimated to be 14.5 lakh MT, whereas, 2nd advance estimate of the Govt. of India is
                                                     15.3 lakh MT.
Commodity Market Monitor - 30th April, 2019 - Ncml.Com
Fundamental Analysis- CASTOR
                                                        •   According to the SEA report, castor oil exports in the month of
        FUNDAMENTAL SUMMARY                                 March 2019 is 50.956 Thousand MT which is 29.94 per cent higher
                                                            than the exports of February 2019 of 39.215 Thousand MT. Castor
Price Drivers                     Impact
                                                            oil exports in financial year 2018-19 is 5.61 Lakh MT which is 13.82
                                                            per cent lower than the last year exports of 6.51 Lakh MT. In April
Higher export demand of                                     2019 exports of oils are expected to increase due to higher
                                        Bullish             miller’s demand and higher arrivals in the mandis.
castor oil
                                                        •   According to the SEA report, castor meal exports in the month of
                                                            March 2019 is 7.73 Thousand MT which is 74.18 per cent lower
Lower export demand          of
                                        Bearish             than the exports of February 2019 of 27.32 Thousand MT. Castor
castor meal
                                                            meal exports in financial year 2018-19 is 3.67 Lakh MT which is
                                                            35.95 per cent lower than the last year exports of 5.73 Lakh MT.
Expectation of lower arrivals
                                        Bullish         •   According to the AGMARK data, all India castor crop arrivals in
in the coming days
                                                            the last week of April is reported at 36.51 Thousand MT which is
Higher demand from millers              Bullish             1.88 percent lower than the third week of April 2019 arrivals of
                                                            37.21 Thousand MT. Arrivals are expected to decrease in the
Lower production estimate in                                coming days due to lower prices in the domestic mandis and
                                        Bullish             lower production estimate.
2018-19
                                                        •   Demand of castor from millers is higher than normal due to
Forecast of lower production                                present lower prevailing prices in the domestic mandis. Stockist
                                        Bullish
in 2019-20                                                  are also active in the market as they are expecting prices to move
      Based on Primary & Secondary Sources                  northward in the coming months.
                                                        •   As per the Solvent Extractors' Association of India (SEA), all India
                                                            castor seed production estimate for 2018-19 is 11.27 Lakh MT
                                                            which is 21.35 per cent lower than the 2017-18 production
   Mandi             Price in Rs/ Quintal                   estimate of 14.33 Lakh MT. However, according to the AGCON,
                                                            castor production estimate is 9.13 Lakh MT for 2018-19. Lower
                                                            production is due to lower sowing coverage acreage and lower
   Location      26-04-19    19-04-19     %Change           yield expectation in major producing states of castor like
                                                            Rajasthan and Gujarat.
    Deesa         5645         5728          -1.45      •   Forecast of below normal or near normal rainfall for 2019 and
                                                            lower water levels in reservoirs in the major producing states may
    Patan         5460         5475          -0.27          further decrease the production of castor in 2019-20.

    Rajkot        5365        5350           0.28

                                                     Castor - Deesa
                 6760
                 6320
                 5880
                 5440
                 5000
                 4560
                 4120
                 3680
                 3240
                 2800
                         Mar-17
                         Apr-17

                         Apr-18
                         Dec-16

                         Dec-17
                         May-17
                         Oct-16

                         Aug-17

                         Mar-18

                         Dec-18
                          Jan-19
                         May-18
                         May-18

                         Aug-18

                         Mar-19
                         Jun-17

                         Oct-17

                         Jun-18

                         Oct-18
                         Nov-16

                          Jan-17

                         Nov-17

                          Jan-18

                         Nov-18
                         Sep-16

                         Feb-17

                           Jul-17

                         Sep-17

                         Feb-18

                           Jul-18

                         Sep-18

                         Feb-19
Commodity Market Monitor - 30th April, 2019 - Ncml.Com
Fundamental Analysis- RM SEED
                                                             •   According to the Mustard Oil Producers Association of India
              FUNDAMENTAL SUMMARY
                                                                 (MOPA), mills across the country have crushed 9.5 Lakh MT of
Price Drivers                                  Impact            mustard seed in March which is 18.8 per cent higher than last
                                                                 yearcrushing in the same time period. Good quality arrivals,
                                                                 higher oil content and better crushing margins led crushers to
Higher demand from crushers                    Bullish           buy mustard seed in the spot market.
                                                             •   MOPA has estimated mustard production in the country at
Higher production estimate for 2018-                             8.1 million MT in 2018-19, compared with around 7.1 million MT
                                               Bearish
19                                                               last year. However, production estimate for the year is lower
                                                                 than the Agriculture ministries second advance estimate of 8.4
Higher arrivals in the domestic
                                               Bearish           million MT for 2018-19 as well as 8.3 millionMTof 2017-18.
mandis
                                                             •   According to the AGMARK data, all India mustard crop arrivals
                                                                 in the last week of April is reported at 1.63 Lakh MT which is
Ongoing procurement activity by
                                               Bullish           59.80 percent higher than the last year arrivals of 1.02 Lakh MT
NAFED
                                                                 in the same time periods. Higher arrivals are due to higher
                                                                 production estimate this year.
Lower mustard meal export demand               Bearish       •   NAFED procurement activities of mustard crop at MSP price of
                                                                 Rs 4200 have started in major producing states giving support
       Based on Primary & Secondary Sources
                                                                 to the domestic price. As on 24th April, NAFED had procured
                                                                 86.75 thousand MT in Rajasthan, 2.50 lakh MT from Haryana
                                                                 ,13.62 thousand MT from Madhya Pradesh and 3.43 thousand
                                                                 MT from Gujarat. Total procurement reached around 3.54 lakh
                                                                 MT.
                                                             •   India’s mustard meal exports in the month of March 2019 were
   Mandi                     Price in Rs/ Quintal                50.964 thousand MT (provisional), lower by 36 per cent against
                                                                 79.643 thousand MT in February 2018. Total exports of
                                                                 rapeseed meal from April 2018 to March 2019 were 10.51 lakh
   Location         26-04-19        19-04-19       %Change       MT which is 58.28 percent higher than 2017-18 exports of 6.64
                                                                 lakh MT in the same time period. Average FoB price of mustard
    Jaipur            3887             3850          0.96        meal in the month of March is $220 per tonne which is slightly
                                                                 higher than theFoB price of January of $218 per tonne.
    Alwar             3844             3857          -0.34   •   All India mustard oil imports from November 2018 to March
                                                                 2019 is reported at 0.44 lakh MT which is 66.41 percent lower
Sri Ganga Nagar       3775             3750          0.67        than the last year imports of 1.31 lakh MT in the same time
                                                                 period. Lower imports are due to higher crushing for fulfil
                                                                 mustard meal export demand.

                                  Rapeseed & Mustard-Black - 42% oil
                  5,250
                                           content : Jaipur
                  5,000

                  4,750

                  4,500

                  4,250

                  4,000

                  3,750

                  3,500
                          Dec-16

                          Oct-18
                          Apr-17
                          May-17

                          Apr-18
                          May-18

                          Apr-19
                          Sep-16
                          Oct-16
                          Oct-16

                          Oct-17

                          Dec-17
                           Jan-17

                          Mar-17

                          Aug-17

                           Jan-18

                          Mar-18

                          Dec-18
                            Jul-18

                          Aug-18

                           Jan-19

                          Mar-19
                          Nov-16

                          Feb-17

                          Jun-17

                          Jun-18
                            Jul-17

                          Sep-17

                          Nov-17

                          Feb-18

                            Jul-18

                          Sep-18

                          Nov-18

                          Feb-19
Commodity Market Monitor - 30th April, 2019 - Ncml.Com
Fundamental Analysis- COTTON

           FUNDAMENTAL SUMMARY                                       •   Cotton prices have remained steady with slight weak tone in most of
                                                                         the spot markets across India due to steady supplies against weak
                                                                         demand from millers. As per market sources, prices are expected to
Price Drivers                           Impact
                                                                         recover as the crop has been short by 700,000 bales in production
                                                                         estimate and also due to exports demand expected from
Weak demand by millers against
                                              Bearish                    International markets especially from China. China has announced
steady supplies in spot markets
                                                                         import quota of 800,000 tonne (47 lakh bales) of cotton and as many
Expectation of higher demand                                             as 500,000 bales for direct mill sales which may increase the prices in
                                              Bullish
from China in coming days                                                coming days.
Possibility of higher minimum                                        •   Maharashtra Commission for Agricultural Costs & Prices are expecting
support price in coming Kharif                Bullish                    to raise the minimum support price of cotton by 10 per cent and also
season                                                                   as per CCI there is a possibility of 10 per cent increase in MSP for
                                                                         cotton in the coming Kharif season.
Cotton production may fall 7.87
                                                                     •    India's cotton crop production may fall 7.87 per cent to 343 lakh bales
per cent to 343 lakh bales (of 170            Bullish
                                                                         (of 170 kg each) in the 2018-19 season, mainly due to drought in many
kg each) in the 2018-19 season
                                                                         cotton-growing regions, as per estimates released by Confederation
Cotton exports in 2018-19 may
                                                                         of Indian Textile Industry (CITI). The domestic textile industry body
fall to a 10-year low of about 4.5
                                              Bearish                    based the projections on actual data collected from cotton-growing
million bales, down 35 per cent
from the previous year                                                   areas for the October-September 2018 crop season.
                                                                     •   The CAI has estimated cotton crop for 2018-19 at 321 lakh bales of 170
Based on Primary & Secondary Sources                                     kgs each which is lower by 7 lakh bales than its previous estimate of
                                                                         328 lakh bales made during last month. The CAI has reduced the crop
                                                                         estimate for Gujarat by 1 lakh bales, Maharashtra by 80,000 bales,
                                                                         Telangana by 4 lakh bales, Andhra Pradesh by 1 lakh bales and
                                                                         Karnataka by 75,000 bales whereas there is marginal increase of
                                                                         50,000 bales in Tamil Nadu and 5,000 bales in the State of Orissa.
      Mandi                     Price in Rs/ Quintal                 •   India's cotton exports in 2018-19 (Oct-Sep) may fall to a 10-year low of
                                                                         about 4.5 million bales, down 35 per cent from the previous year,
                     26-04-2019         22-04-2019      %Change          according to trade officials. This is even below the Cotton Association
                                                                         of India's revised estimate of 4.7 million bales earlier this month. Until
                                                                         March, the association had pegged exports at 5.0 million bales. The
  Akola                 12785             12996          -1.62
                                                                         Cotton Advisory Board had set a target of 6.5 million bales in
                                                                         November 2018.
  Abohar                12366             12362          0.03
                                                                     •   The biggest concern is that Bangladesh one of the largest export
                                                                         destination for India in recent years has also been increasingly
  Rajkot                12572             12691          -0.93           sourcing cotton from Brazil on quality assurance and lower price. With
                                                                         the Indian rupee appreciating nearly 3 per cent in March, has made
                                                                         exports from India less attractive to key foreign buyers such as
                                                                         Bangladesh, China and Vietnam.

                                                                  Cotton: Akola
                            13,500
                            12,500
                            11,500
                            10,500
                                9,500
Commodity Market Monitor - 30th April, 2019 - Ncml.Com
Fundamental Analysis- SUGAR

            FUNDAMENTAL SUMMARY                               •   Domestic sugar prices ruled mostly steady at major markets in
                                                                  the country on Friday as bulk buyers adopted cautious approach
                                                                  ahead of announcement of monthly sale quota for the next
 Price Drivers                                Impact              month.
                                                              •   In Mumbai, prices were at Rs 3186 to Rs 3242 a quintal for S-grade
                                                                  and at Rs 3222 to Rs 3342 a quintal for M-grade, as per the
 Bulk sugar buyers cautious ahead of                              Bombay Sugar Merchants Association. If the government lowers
                                              Bearish
 monthly sale quota announcement                                  the monthly sale quota for May then Sugar prices may get good
                                                                  support.
 Expectation of improved demand in                            •   According to market sources, pick-up in demand from stockists
                                              Bullish
 coming days from bulk consumers                                  as well as bulk consumers, driven by the rising temperatures
 Centre is likely to fix sugar sale                               during the summer season, may provide good support to sugar in
 quota for May month higher at 2 to           Bearish             coming days.
 2.2 million tonnes                                           •   There are also rumours in the market that the Centre is likely to
 Government asked mills to export                                 fix the sale quota for May higher at 2-2.2 million tonnes. The
 50 lakh tonnes of sugar in 2018-19           Bullish             Centre had set the sugar sale quota for April at 1.80 million
 marketing year                                                   tonnes, lower than the March quota of 2.45 million tonnes.
 Domestic       sugar    production                               However, pick-up in demand from stockists as well as bulk
 estimated to decline at 310 lakh             Bearish             consumers, driven by the rising temperatures during the on-
 tonnes                                                           going summer season, may continue to provide some support to
 USDA forecasted higher sugarcane                                 the prices in the days to come.
                                              Bearish
 production in Brazil                                         •   Government has asked mills to export 50 lakh tonnes of sugar in
                                                                  2018-19 marketing year (October-September) to liquidate surplus
      Based on Primary & Secondary Sources                        stock. The government is providing various incentives to boost
                                                                  sugar exports.
                                                              •   India's sugar exports rose to 17.44 lakh tonnes so far in the
                                                                  current marketing year as against about 5 lakh tonnes shipped in
     Mandi                    Price in Rs/ Quintal                the entire 2017-18. Raw sugar accounted for nearly 8 lakh tonnes
                                                                  and another 4.3 lakh tonnes are in export pipeline.
                                                        %     •   India's sugar production is estimated to decline to around 310
 Location           26-04-2019      22-04-2019
                                                     Change       lakh tonnes this marketing year from 325 lakh tonnes in the
                                                                  previous year. Still, the country has surplus stock as annual
 Kolhapur              3145            3148           -0.09       domestic demand is around 260 lakh tonnes and mills are
                                                                  carrying a huge stock from the previous year.
                                                              •   US Department of Agriculture has forecasted sugarcane
 Kanpur                3333            3355           -0.65       production in Brazil's centre-south region at 580 million tonnes in
                                                                  2019-20 (Apr-Mar), up 7 million tonnes from the previous year.
                                                              •   International Sugar Organization (ISO) forecasted global 2018-19
 Muzaffar Nagar       3239             3237           0.06
                                                                  sugar production to a record 185.2 million tonnes.

                                                  Sugar: Kolhapur
                      3,500
                      3,300
                      3,100
                      2,900
                      2,700
                      2,500
Commodity Market Monitor - 30th April, 2019 - Ncml.Com
The Week That Was!                                                  PRICE TRACKER
                                                      Commodity       Latest       Fortnight     Month      Year ago
                                                                                       ago         ago
     •     Tight supply pushes cardamom to new
                                                                     26-Apr-19      12-Apr-19   27-Mar-19   27-Apr-18
           high                                        Soybean         3836            3879       3783         3737
                                                       RM seed          3887           3850       3825         3874
     •     Rs 20/kg: Be prepared to shell out more
           for potatoes in the next few months
                                                        Sugar           3145           3142        3162        2713
                                                        Cotton         13034          12949       12514       11600
     •     Food grain target for 2019-20 set at 291
                                                         Jeera         17142          16600       15811       15950
           million tonnes
                                                        Castor         5645            6024        5213       3960
     •     Unseasonal rains damage chunk of paddy
           crop in Telangana
     •     Wheat import duty increased to 40%                       MINIMUM SUPPORT PRICE (Rs/Qtl.)
     •     Declining storage levels in reservoirs a          Commodity                     2017-18          2018-19
           worry for farm sector                                             KHARIF **NEW**
     •     Prospects bleak for Tamil Nadu’s rice           Paddy Common                     1550             1750
           bowl                                             paddy grade A                   1590             1770
     •     Farmers, refiners take a massive blow on
                                                            Jowar Hybrid                    1700             2430
           spurt in edible oil imports
                                                           Jowar Maldandi                   1725             2450
                                                                Bajra                       1425             1950
•        To purchase the India Commodity Year                    Ragi                       1900             2897
                Book 2019, contact us at                        Maize                       1425             1700
                 research@ncml.com                            Tur/Arhar                     5450             5675
                                                               Moong                        5575             6975
                                                                 Urad                       5400             5600
                                                             Groundnut                      4450             4890
                                                           Sunflower seed                   4100             5388
                                                           Soyabean black                   3050             3399
                                                              Sesamum                       5300             6249
                                                              Nigerseed                     4050             5877
                                                       Cotton (Medium Staple)               4020             5150
                                                        Cotton (Long Staple)                4320             5450
                                                                                   RABI
                                                             Commodity                     2017-18          2018-19
                                                               Wheat                        1735             1840
                                                                Barley                      1410             1440
         Official Production Estimates                          Gram                        4400             4620
                                                            Masur (Lentil)                  4250             4475
     Second advance estimates 2018-19&
      previous years’ estimates: Fourth                  Rapeseed/Mustard                   4000             4200
         Advance Estimates 2017-18                            Safflower                     4100             4945
                                                                   *includes bonus of Rs 200 per quintal
          Link for commodity-wise and                              # includes bonus of Rs 100 per quintal
         market-wise prices and arrivals:

    http://agmarknet.gov.in/PriceAndArrival
    s/CommodityWiseDailyReport2.aspx
Crop Division

                   Progress of area coverage under Rabi crops as on 15-2-2019

                                         (Area in lakh hectare)
                                                                                    %Increase(+)/decre
                                                                   Difference of
                                               Area Sown                                  ase(-)
                                                                  2018-2019 Over
                                  Normal                                              over2018-2019
                       Normal
                                    Rabi
                         Rabi
S.NO      Crops                  Correspo                      Normal                Normal
                          Area
                                   nding     2018-   2017-        of        2017-       of
                        (DES)                                                                  2017-18
                                   Week      21019   2018     correspo      2018    correspo
                                                                nding                 nding
                                                                Week                  Week
 1       Wheat           306      307.22      298    299.84     -8.75       -1.37     -2.85     -0.46

 2        Rice          41.6      32.07       34     39.64        1.89      -5.68     5.9      -14.33

 3       Pulses          141      153.17      156    166.11       3.13      -9.82     2.04      -5.91
 a        Gram          89.5      96.55       96.6   107.57       0.04       -11      0.05     -10.21
 b        Lentil        13.9      15.82       16.9   17.25        1.11      -0.31     7.04      -1.83
 c      Fieldpea        9.33       10.3       10.4    9.38        0.14      1.06      1.34      11.31
 d        Kulthi        2.09       4.43       5.52    4.24        1.09      1.28     24.69      30.25
 e      Uradbean        8.13       9.01       9.35    9.77        0.34      -0.42     3.78      -4.31
 f     Moongbean        9.62       7.07       7.63    8.81        0.56      -1.18     7.87     -13.42
 g      Lathyrus        4.58       3.89       3.63    3.26     -0.26        0.37     -6.74      11.51
 h     Other Pulses     3.69       6.1        6.2     5.84        0.1       0.36      1.71       6.2
         Coarse
 4                      64.5      58.39       48.7   57.02     -9.69        -8.33    -16.60    -14.60
         cereals
 a        Jowar         37.4      33.98       25.1   31.05     -8.85        -5.92    -26.03    -19.05
 b        Bajra         3.66       0.24       0.13    0.32     -0.11        -0.18    -44.49     -58.1
 c        Ragi          0.32       0.58       0.69    0.82        0.11      -0.13    18.53     -15.84
 d        Maize         16.5      15.88       15.5    17.2     -0.39        -1.72    -2.48      -9.99
 e        Barley        6.64       7.71       7.25    7.63     -0.45        -0.38    -5.89      -4.95
 5       Oilseed        80.6      83.42       80.4   80.98     -3.02        -0.58    -3.62      -0.71
       Rapeseed &
 a                      61.3      67.76       69.4   67.06        1.6       2.31      2.37      3.44
        Mustard
 b     Groundnut        7.85       6.79       4.81    6.27     -1.97        -1.46    -29.08     -23.3
 c      Safflower       1.62       1.08       0.45    0.81     -0.63        -0.36    -58.46    -44.19
 d     Sun Flower       3.78       2.8        1.14    1.75     -1.65        -0.6     -59.08    -34.53
 e      Sesamum         3.04       0.85       0.79    0.7      -0.05        0.09     -6.25      13.22
 f       Linseed        2.93       3.56       3.48    4.02     -0.08        -0.54    -2.33     -13.48
          Other
 g                      0.15       0.58       0.36    0.37     -0.23        -0.01    -39.13     -3.73
         oilseed
       Total Crops       634      634.26      618    643.6     -16.44       -25.8    -2.59      -4.00
AGCON QUIZ ANSWERS OF THE PREVIOUS WEEK

1    As per the r epor t name the c ountr ies fr o m wer e     In d ia an d
     Banglad es h pr imar ily impor ts R ic e?                 Pakis tan

2    Name the c ountr y wh ic h is the lar ges t expor t       Ch in a
     mar ket for U.S. s oy. ?

3    In whic h s tate pr oc ur ement of c hana is lo wes t?    An d ra Prad es h

                   THESE PEOPLE ANSWERED CORRECTLY !

    S.No          Name               Dept.                     Location
       1         Mr.Akash            CWIG                      Gurgaon
      2  Mr.Ajendra Singh Chauhan   Mktyard                    Gurgaon
      3       Mr.Basant Vaid          SCM                      Gurgaon
      4     Mr.Bhaskar Methari       CWIG                     Hyderabad
      5       Mr.JAI KUMAR            CM                       Amristar
      6      Mr. Dr. Raina Jain     Others                      Indore
            Mr.Praveen Kumar
      7           Mundra              S&P                      Ellenabad
      8      Mr.PAWAN JOSHI         Mktyard                      Gujarat
      9   MS.PRATIMA GOSWAMI        Mktyard                     Gurgaon
     10       Mr.Vinod Atkari     Non-NCMLite                     Pune
      11    Mr.Faneesh Talwar         T&C                       Gurgaon
     12   Mr. Avula ramesh babu       CM                      s.uppalapdu
     13     Mr. SUNNY KUMAR           S&P                      Ellenabad
     14        Mr. Surender           S&P                      Ellenabad
     15          Mr.Omkar             S&P                      Ellenabad
     16         Mr.Ramdev             S&P                      Ellenabad
     17      Mr.Nirbhay Singh         S&P                      Ellenabad
     18    Mr.KULVINDER SINGH         S&P                      Ellenabad
     19     Mr.Sandeep Kumar          S&P                      Ellenabad
     20      Mr.Harish Kumar          S&P                      Ellenabad
     21      Mr.Vinod Kumar           S&P                      Ellenabad
     22    Mr.BHUKYA sampath        Others                     Hyderabad
     23          Mr.Satpal            S&P                      Ellenabad
NAME of the LUCKY WINNER

                                                   Mr. Basant Vaid
                                                    SCM - Gurgaon

                                              CONGRATULATIONS!

AdvisoryTeam
Nalin Rawal                              Head                                                            Nalin.r@ncml.com
Sreedhar Nandam                          Vice President                                                  sreedhar.n@ncml.com

Research Team
Ankur Gupta                              Data Scientist                                                  ankur.g@ncml.com
MukeshUpamanyu                           Agri Analyst                                                    mukesh.u@ncml.com
Suresh Solanki                           Assistant Manager                                               suresh.s@ncml.com
Akash Jaiswal                            Research Analyst                                                akash.j@ncml.com
Ratanpriya                               Assistant Manager                                               ratnapriya.a@ncml.com
Nahalaxmi. J                             Client Service Executive                                        nahalaxmi.j@ncml.com
Shefali Jain                             Operation Executive                                             shefali.j@ncml.com
Ansh Aggarwal                            Senior Officer                                                  ansh.a@ncml.com
Rajiv Kumar                              Associate                                                       rajiv.ku@ncml.com

                                                              Disclaimer:

 This consultancy report has been prepared by NCML AGRI BUSINESS CONSULTANTS PRIVATE LIMITED for the sole benefit of the
 addressee. Neither the report nor any part of the report shall be provided to third parties without the written consent of AGCON. Any
 third party in possession of the report may not rely on its conclusions without the written consent of AGCON. AGCON has exercised
 reasonable care and skill in preparation of this consultancy report but has not independently verified information provided by others.
 No other warranty, express or implied, is made in relation to this report. Therefore, AGCON assumes no liability for any loss resulting
 from errors, omissions or misrepresentations made by others. Any recommendations, opinions and findings stated in this report are
 based on circumstances and facts as they existed at the time of preparation of this report. Any change in circumstances and facts on
 which this report is based may adversely affect any recommendations, opinions or findings contained in this report.

                                    © NCML AGRI BUSINESS CONSULTANTS PRIVATE LIMITED (AGCON) 2019
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