Commodity Market Monitor - April 21, 2020 - MKTYARD.COM

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Commodity Market Monitor - April 21, 2020 - MKTYARD.COM
Commodity Market
                                              Monitor
                                             April 21, 2020
                                           Rice & Paddy/Chana/Cotton/Sugar

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Commodity Market Monitor - April 21, 2020 - MKTYARD.COM
All India Weather Status
  Last week all India Rainfall status: 09th April 2020 to 15th April 2020.

          Arunachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Telangana, Uttarakhand and West
           Bengal states received the deficit rainfall
          Jharkhand, Odisha, Sikkim and Tamil Nadu states received the excess rainfall
          Assam, Gujarat, Himachal Pradesh, Jammu & Kashmir, Manipur, Mizoram, Nagaland, Rajasthan, Tripura
           and Uttar Pradesh states received the large deficit rainfall
          Andhra Pradesh, Bihar and Chhattisgarh state received the large excess rainfall
          Goa and Meghalaya states received the normal rainfall
          No rainfall has observed in Haryana and Punjab states.
           During the week, rainfall was below Long Period Average (LPA) by 41% over the country as a whole.

                                               Seasonal all India Rainfall status: 1st March 2020 to 15th April 2020.

                                                          Meghalaya and Tamil Nadu states received the deficit rainfall
                                                          Andhra Pradesh, Gujarat, Himachal Pradesh, Karnataka and Telangana states received the excess
                                                           rainfall
                                                          Arunachal Pradesh, Assam, Goa, Manipur, Mizoram, Nagaland and Tripura states received the
                                                           large deficit rainfall
                                                          Bihar, Chhattisgarh, Haryana, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Punjab,
                                                           Rajasthan, Uttar Pradesh and Uttarakhand states received the large excess rainfall
                                                          Jammu & Kashmir, Kerala, Sikkim and West Bengal states received the normal rainfall

                                               For the country as a whole, cumulative rainfall during 1stMarch 2020 to 15thApril 2020 was above Long Period
                                               Average (LPA) by 16% over the country as a whole.

  Weather Forecast:

                       Maximum temperatures in the range of 40-42°C likely to prevail over parts of Telangana, Rayalaseema and North Interior Karnataka. No
                        significant change in maximum temperatures over the rest of country during the same period.
                       Fairly widespread to widespread rain/thundershowers with isolated heavy falls likely over parts of Northeaster India and over West Bengal
                        & Sikkim.
                       Isolated to scattered rain/thundershowers are also likely over parts of East & South Peninsular India and Islands
                       Weather is likely to be dry over rest parts of the country.

            % of Departure From Normal Reservoir Storage (16th April, 2020)     All India Reservoir Status: as on 16th April 2020.
200
                                                                                Central Water Commission is monitoring live storage status of 123 reservoirs of
150                                                                             the country on weekly basis and is issuing weekly bulletin on every Thursday.
                                                                                The total live storage capacity of these 123 reservoirs is 171.090 BCM which is
100
                                                                                about 66.36% of the live storage capacity of 257.812 BCM which is estimated to
 50
                                                                                have been created in the country. As per reservoir storage bulletin dated
                                                                                16.04.2020, live storage available in these reservoirs is 76.708 BCM, which is 45%
  0                                                                             of total live storage capacity of these reservoirs. However, last year the live
                                                                                storage available in these reservoirs for the corresponding period was 47.105
 -50                                                                            BCM and the average of last 10 years live storage was 48.370 BCM. Thus, the
                                                                                live storage available in 123 reservoirs as per 16.04.2020 Bulletin is 163% of the
-100
                                                                                live storage of corresponding period of last year and 159% of storage of average
                                                                                of last ten years.
Commodity Market Monitor - April 21, 2020 - MKTYARD.COM
Current Crop Scenario

                                                    Lentil

   Acreage of Lentil in the current week is 16.07 lakh hectares. While, 16.91 lakh hectares areas was
   reported in corresponding week of 2019.

   Crop harvesting has completed. Favourable climatic conditions were beneficial for the crop. Overall
   crop condition is normal and yields are expected to be normal. Acreage in the current season is
   almost similar to 2018.

   Note: As telephonic discussion with farmers, No effect on crop harvesting and threshing has been
   observed due to COVID’ 19.

                                                                                                                   Mustard

                                                               Acreage of Mustard in the current week is 69.51 lakh hectares. While, 69.76 lakh hectares area was
                                                               reported in corresponding week of 2019.

                                                               Crop harvesting has completed. Crop has been adversely affected due to rainfall and hailstorms
                                                               received month of Feb`20 and Mar`20 in certain districts of Rajasthan, Haryana, Uttar Pradesh and
                                                               Madhya Pradesh where crop was is in maturity to harvesting stage or laid down on the field for
                                                               drying after harvest. Crop harvesting been delayed further due to rainfall. Overall in remaining areas
                                                               crop condition is normal and yields are expected to be normal.

                                                               Acreage of Mustard in the current season is almost similar to 2018.

                                       Wheat

Acreage of Wheat in the current week is 336.18 lakh hectares. While, 299.30 lakh hectares area was
reported in corresponding week of 2019.

Crop harvesting is under progress. Rainfall received during winter season was beneficial for the
crop. Favourable climatic conditions good harvests. However, crop has been adversely affected
due to hailstorm and rainfall with wind received during month of Mar-20 in certain districts of
Rajasthan, Haryana, Uttar Pradesh, Punjab and Himachal Pradesh, Chhattisgarh, Bihar and Madhya
Pradesh. Further, crop maturity has delayed due to prolong winter. Overall in remaining areas crop
condition is normal and yield are expected to be normal.

Acreage of Wheat in the current season is higher than 2018.

                                                                                                                Corn

                                                              Acreage of Corn in the current week is 16.98 lakh hectares. While, 14.78 lakh hectares areas was reported in
                                                              corresponding week of 2019.
                                                              Crop harvesting is under progress. Rainfall received during winter season was beneficial for the crop in entire
                                                              major growing states. Due to infestation of sucking pest stem borer, fall army worm crop has been adversely
                                                              affected in certain pockets of Andhra Pradesh, Bihar and Telangana state. Overall in reaming areas crop
                                                              condition is normal and yields are expected to be normal.
                                                              Acreage of Corn in the current week is higher than corresponding week of 2019. Key corn producing states are
                                                              Bihar, Maharashtra, Andhra Pradesh, Telangana and Karnataka.

                                             Gram

 Acreage of Gram in the current week is 107.21 lakh hectares. While, 96.19 lakh hectares area was
 reported in corresponding week of 2019.

 Crop harvesting has completed. Rainfall received during winter season was beneficial for the
 crop. Incidence of sucking pest has been observed in the field and same is under control using
 pesticides. Overall crop condition is normal and yield is expected to be normal.

 Acreage of Gram in the current season is significantly higher than 2018.
Commodity Market Monitor - April 21, 2020 - MKTYARD.COM
Commodity – Rice & Paddy

                                      Fundamental Summary
Benchmark Location                                         Davanagere
   Market Outlook                                           Bearish
                         Factor                                                       Impact
                         Lockdown in India due to coronavirus (COVID-19)              Bearish
                         Higher Rice stocks availability with Government              Bearish
                         agencies
Market driving factors
                         Kharif sowing higher as compared to last year                Bearish
                         Lower Rice exports                                           Bearish
                         Higher Minimum Support Price of Paddy 2019-20                Bullish
                         season

Fundamental Analysis and Insights

    Rice export operations has resumed despite India extending the lockdown until at least
       till 03rd May 2020. The demand for Indian rice is huge as it has been offered at steep
       discount to rice from other countries but it would take time for exports to return to
       normal levels. New contracts are getting signed but at a very low pace due to bottlenecks
       in the supply chain. Traders are mainly signing contracts for May and June shipments,
       expecting New Delhi to ease restrictions after 03rd May 2020.
    As per market sources, about 400,000 tonnes of non-basmati rice and 100,000 tonnes of
       basmati rice, meant for March-April delivery, are either stuck at ports or in the pipeline
       due to the lockdown.
    Basmati exports have surged to most traditional overseas markets in the last quarter as
       consumers have gone for additional stocks due to Covid-19. The rise in demand from
       Middle East is also buttressed by higher buying for Ramadan.
    All-India progressive procurement of Rice as on 06th March 2020 increased at 378.41 lakh
       tonnes as compared to 362.28 lakh tonnes in the corresponding period last year. The
       procurement target set for 2019-20 (October-September) is 416.00 lakh tonnes. Higher
       Rice procurement is done from Punjab (108.76 lakh tonnes), Haryana (43.03 lakh tonnes),
       UttaraKhand (6.81 lakh tonnes), Uttar Pradesh (37.17 lakh tonnes), Odisha (32.86 lakh
       tonnes), Maharashtra (5.73 lakh tonnes), Madhya Pradesh (15.35 lakh tonnes), Tamil Nadu
       (9.61 lakh tonnes) and Kerala (1.56 lakh tonnes).
Commodity Market Monitor - April 21, 2020 - MKTYARD.COM
 As on 01st February 2020, the government had 30.4 million tonnes of wheat in its stocks,
       27 per cent higher on year. Rice inventory with the government was at 27.4 million tonnes
       up 20 per cent on year.
    MSP of Paddy (common grade) is Rs. 1815 per quintal for 2019-20 as against Rs. 1750 per
       quintal in 2018-19. The grade A variety of Paddy increased to Rs. 1835 per quintal from Rs.
       1770 per quintal in 2018-19.
    As per APEDA, Basmati Rice exports April-January 2019-20 declined at 32,99,299 tonnes as
       compared to 33,65,146 tonnes in April-January 2018-19. Similarly, export of Non-Basmati
       Rice April-January 2019-20 also declined to 40,15,477 tonnes as compared to 62,65,512
       tonnes during April-January 2018-19.
    During January 2020, more than 9.09 lakh tonnes of rice were exported from the country,
       including 4,56,586 tonnes of basmati rice and 4,52,544 tonnes of normal or non-basmati
       rice Shipment included.
    According to IGC, the global rice production in 2020-21 was seen rising to 509 million
       tonnes, up from the prior season’s 499 million tonnes.
    India was offering the 5 per cent broken parboiled variety at around $375-$380 per tonne
       on a free-on-board basis. Thailand was offering the same grade at around $535 per tonne.

Summing up, Rice prices in the country are likely to remain range with bearish tone as higher
stocks availability and lower exports would check any significant on upward prices movements.
Moreover, subdued trading activities in most of the spot markets due to lockdown have kept the
sentiments weak.

Technical Analysis

      Paddy prices at Davanagere traded on a flat note and closed at INR 1920.
      Prices, staying below the medium term trend line shall continue to remain on a subdued
       note.
      The weekly RSI (14) setup is
       hovering near the midpoint,
       suggesting prices to stay on a
       mixed to weak note.
      Any weakness in the prices shall
       find support near the previous
       swing bottom near INR 1850 –
Commodity Market Monitor - April 21, 2020 - MKTYARD.COM
INR 1800 before turning north again towards INR 2050.

Prices are likely to stay on a mixed to weak note and trade towards INR 1850 – 1800, before
turning north, in the coming 2-3 weeks.

                                 Basmati 1121 Price
   Location                 20-04-2020                  13-04-2020               % Change
    Delhi                      3000                        3000                      0
    Karnal                     2900                        2900                      0
   Amritsar                    2900                        2850                     1.8

                                Non-Basmati Common Price
   Location                 20-04-2020                  13-04-2020               % Change
 Davanagere                    1920                        1883                     1.96
    Rewa                       1840                        1840                      0
    Raipur                     1400                        1410                     -0.7
Commodity Market Monitor - April 21, 2020 - MKTYARD.COM
Commodity – Chana

                                     Fundamental Summary
Benchmark Location                                          Delhi
Market Outlook                                             Bearish
                         Factor                                                       Impact
                         Commence of procurement activities                           Bullish
                         Expected higher availability after leniency in
Market driving factors                                                                Bearish
                         lockdown
                         Clearing of old stock by NAFED                               Bearish
                         Lower demand of besan from Snack Industry                    Bearish

Fundamental Analysis and Insights

 Indian chana prices traded range bound to slightly firm last week amidst expectation of
  extension in lockdown period in many states, tight supplies in the market, selling of old crop
  by NAFED and lower availability of imports.
 Government of India has extended the lockdown period till 3rd May 2020 but permitted
  milling, procurement, marketing, farming etc of agriculture commodities in districts where
  threat of spread of coronavirus is negligible. In such scenario the availability of chana may
  increase in the domestic market thus keeping the underlying momentum weak.
 Commencement of procurement activities of chana at MSP Rs 4875/qtl. in the major
  producing regions may give support to the domestic prices. This year Indian government has
  set chana procurement target at 20 lakh MT which is around 18 percent of the total
  production. State wise procurement target are Madhya Pradesh 8.76 lakh MT, Telangana
  0.476 lakh MT, Andhra Pradesh 0.604 lakh MT, Karnataka 1.43 lakh MT, Uttar Pradesh 2.01 lakh
  MT, Rajasthan 6.15 lakh MT and Gujarat 0.57 lakh MT.
 Despite having empty pipeline, stockiest are not active in the market as they expect safety
  precautions taken in the procurement activity might slow the process and farmers may sell
  their produce at lower prices in the market. Further, arrivals are expected to be higher in the
  coming days which may pressurize the market.
 At the demand front, chana dal demand is now stagnant as government has announced ration
  holders to get 1 kg of pulses for the next three months. Further, demand of besan from the
  snack industry is also subdued as the lockdown has extended and no major exemption is given
Commodity Market Monitor - April 21, 2020 - MKTYARD.COM
to them.
 NAFED continues to sell good amount of chana in the open market to carter the present
   demand and to clear old stock of chana to make space for the new procurement season which
   may put downward pressure to the prices.
 According to the second advance production estimate, chana production in 2019-20 is
   estimated at 11.22 million MT which 12.87 percent higher than 2018-19 production estimate of
   9.94 million MT. However, market participants are expecting production in the range of 10.3-
   10.7 million MT.
 Summing up, in the coming week chana prices are expected to show weak movement amidst
   expectation of higher arrivals and sluggish demand. However, procurement activity may
   continue to give support to the prices.

                                             Price Outlook

Price Direction                Bearish
Chana, Delhi ( INR/Ton)        INR 38600-41000
Price Range

Technical Analysis

      Chana Delhi prices settled at INR 4055 levels lower by INR 50 than the preceding week.
      Prices have pulled back aggressively from INR 3820 levels during past months, within
       overall sellers’
       territory from
       higher timeframes.
      Broader trend is
       considered bearish
       as sequence of
       lower lows and
       lower highs is intact
       on daily chart. The
       momentum of
       pullback is also
Commodity Market Monitor - April 21, 2020 - MKTYARD.COM
slowing down during recent weeks indicating resumption of bearish trend.
       On the higher side, INR 4325-4265 levels (sellers breach area and recent swing high
        respectively) likely to act as ceiling for prices.

On the lower side, INR 3976 levels likely to act as interim support while INR 3860-3810 levels likely
to act at immediate price objective.

          Location                      20-04-2020             13-04-2020              % Change
          Mumbai                           4200                   3875                    8.4
           Indore                          4100                   3750                    9.3
           Rajkot                          4000                   3750                    6.7
Commodity Market Monitor - April 21, 2020 - MKTYARD.COM
Commodity - Cotton

                                       Fundamental Summary
 Benchmark Location                                        Kadi
   Market Outlook                                          Bearish
                         Factor                                                        Impact
                         Higher India production estimate YOY and Higher               Bearish
                         arrivals YOY
                         Higher global production outlook YOY                          Bearish
                         Lower demand due to impact of Coronavirus on                  Bearish
Market driving factors
                         global economy
                         Year over year higher procurement by CCI                      Neutral
                         Lower export - Coronavirus lock down                          Bearish
                         Higher India production estimate YOY and Higher               Bearish
                         arrivals YOY

Fundamental Analysis and Insights

    Majority of cotton markets remained closed over the week, due to country wide
       lockdown which is extended till 3rd May to check Coronavirus spread and the cotton
       procurement also remain halted. Except one district in Punjab ‘Mansa’ where the
       procurement operation was started last week by CCI with restricted farmers inflow by
       providing them daily coupons.
    CCI will start cotton procurement in Maharashtra in 3 mandis 21st April onwards and will
       start in Telangana also. As per CCI 84.5 lakh bales have been procured by agency and
       farmers are still left with 25% of unginned raw kapas with them.
    Basis CAI spot prices Rajkot (Gujarat) 29 mm cotton traded between Rs 17639 to RS
       17734/bale and Andhra Pradesh 29 mm cotton traded between Rs 17784 to Rs 17879/bale
       during last week sideways on week over week basis.
    MCX April futures traded steady in range at Rs 16490/bale vs Rs 16660/bale last week.
    Internationally Cotlook ‘A’ index traded in technical consolidation at 62.95 USc/lb vs last
       week 63.45 USc/lb last week, US Cotton May contracts future closed lower at 52.77 USc/lb
       vs 54.37 USc/lb last week.
    International price of cotton followed economic indicators i.e. strengthening of US equity
market along with USD and crude price volatility.
 USDA in its April forecast reduced the cotton consumption forecast due to COvid-19
   impact by 6.4% over March update amounting to 7.6 million US bales, which is higher than
   the market expectation of around 5 million bales. The closing stocks have been increased
   by 8% over last update. Overall the world cotton balance sheet has become more bearish.
 As per industry sources some yarn import enquiries have started coming from China,
   Vietnam and Taiwan although prices are down by 10-12% over last month.
 As per commerce ministry India cotton yarn/fabric export growth declined in 2019-20 by
   10.67% due to world-wide lockdowns because of Covid-19 leading to cancellation of
   orders. Overall export dropped by 6% and March saw the biggest drop of 32% YOY basis.
 It is expected that April may saw bigger drop because of Covid-19 lockdown in India as
   well as other countries and recovery in export demand may depend upon opening up of
   lockdowns.
 India started with opening stocks of 44 lakh bales in Oct 2019 with estimated production
   of 360 lakh bales and estimated import of 25 lakh bales total availability reaches 429 lakh
   bales.
 Earlier India was expected to export higher than last year at 45 to 50 lakh bales vs 44 lakh
   last year, because of lower production estimate in Pakistan and export expectation to
   China, Bangladesh and Vietnam. But now Coronavirus outbreak has led to suspension of
   exports for the time being and India may end up with lower exports by up to 5-10 lakh
   bales. Hence India may end up with higher carry forward stocks and major portion would
   be with CCI.
 We expect the prices to trade sideways as the domestic prices were supported only
   because of CCI buying, and now it is expected that some mandis for cotton procurement
   may open and farmers may be able to sell remaining stock to CCI at MSP.
Technical Analysis

       Cotton Kadi Spot prices after breaching INR 19840 levels are considered within sellers’
        territory on the daily chart. Prices have stayed below the breach mostly since last year
        portraying bearish sentiments.
       Earlier this year, prices pulled back to
        INR 19600 levels within the downtrend
        and found renewed selling interest
        resulting in resumption of lower highs
        and lower lows sequence with strong
        momentum        indicative   of    sellers
        strength.
       On the higher side, prices are expected
        to find stiff resistance around INR
        18800-19000 levels on the daily chart on
        any further test.
       On the lower side, INR 16900-17100 levels (161.8% Fibonacci based extension levels – initial
        major swing down from INR 23000-19840 projected from the second major swing high-
        INR 22260 ) likely to act as next price objective.

Concisely, prices are likely to drift lower towards INR 17200 levels and lower with resistance in
place around INR 18500-18800 levels bearing negative bias in forthcoming weeks.

       Location                20-04-2020                    13-04-2020          % Change
  Rajkot(29mm)                   36000                         36500                 -1.4
  Indore(24mm)                   33000                         33500                 -1.5
 Amritsar(22mm)                  36200                        36600                  -1.1
Commodity – Sugar

                                       Fundamental Summary
 Benchmark Location                                      Muzaffarnagar
   Market Outlook                                            Bearish
                          Factor                                                          Impact
                          Coronavirus lock down, impacting bulk demand                    Bearish
                          Lower volume back to back trades for retail sale                Neutral
                          Lower sugar production YOY                                      Neutral
Market driving factors
                          Domestic sale quota of 18 lakh mt for Apr 2020                  Bearish
                          Sugar Production higher than Consumption                        Bearish
                          Lower than expected exports - Higher opening                    Bearish
                          stocks for 2020-21

Fundamental Analysis and Insights

    The period for lockdown to check Covid-19 increased to 3rd May during last week. The
       offtake was already hit due to absence of bulk buyers, but demand for retail also reduced
       as retail buyers had already stocked up due to initial panic buying and now that volume
       also reduced. So offtake is just happening basis immediate requirement and
       transportation availability.
    M grade sugar in Muzaffarnagar and Kolhapur traded in range of Rs 3230 to Rs 3200/qt,
       and S grade sugar in Kolhapur traded at Rs 3100/qt during the week, unchanged over the
       week.
    Delhi price traded in range of Rs 3276 – Rs 3220/qt white Kolkata sugar prices traded at Rs
       3342/qt. The prices remain closed weak on weekly basis.
    India produced 248 lakh Mt sugar vs 319 lakh mt last year as on 15th April. 139 mills are
       working compared to 172 last year. Majority of mills are working in Uttar Pradesh,
       Uttaranchal and Haryana and crushing is almost finished in rest of the states. The
       crushing is going as per expectation and overall production may reach as expected 265 to
       270 lakh Mt.
    International raw sugar price remain volatile last week and touched low of Usc 10.05/lb
       before pulling back and closing at at USc 10.37/lb vs USc 10.43/lb last week. Raw sugar
       price is following macro factors i.e. decline of crude oil which hit 20-year historical low
       last week and weakening of Brazilian real. Over that the fundamental factor i.e. expected
higher production of sugar in Brazil is also pressurizing prices.
    Last week saw the white sugar May contract expiry and strength of contract showed
       trade flow tightness and scarce availability of deliverable sugar as has already been
       reported in earlier reports. About 1.96 lakh mt were delivered form India out of 2.42 lakh
       mt total delivery. Aug contract closed at USD 340/Mt vs USD 331.3/Mt.
    Indian raw sugar is out of parity, but white sugar is still in parity.
    India exported around 30 lakh Mt, but rest of the export is currently delayed or
       suspended due to lockdowns and non-availability of labour at ports and 14 days
       quarantine period for ships.
    On Supply and demand side, India is expected to produce 265-270 lakh Mt in 2019-20 with
       record opening stock of 146 lakh Mt lead to record total availability of 411 lakh Mt.
    It was estimated that out of target of 60 lakh Mt, India may export 45 to 50 lakh Mt, but
       now due to Coronavirus lockdown it may be lower by 5 lakh Mt so now only 40 to 45 lakh
       Mt exports is expected.
    While on domestic consumption there can be impact of 5 lakh to 10 lakh Mt as due to lock
       down bulk buying has gone down as social gathering, restaurants and marriages are
       restricted in lot of states. The government may have to extend April domestic sales quota
       also.
    Overall India carry forward stock will increase and is expected to close 2019-20 with a big
       closing stock of 115 to 120 lakh Mt.
    Due to lockdown demand has taken a hit and offtake has significantly reduced from mills,
       so we expect on short term basis the prices will remain range bound for next 2-3 weeks
       due to retail demand with low volume trade. S grade sugar may trade at Rs 3100 to Rs
       3150/qt and M grade between Rs 3180 Rs 3250/qt. But on long term basis the
       fundamentals are bearish.

                                                Forecast
Price Range                Steady to bearish
M Muzaffarnagar            31500 – 32200
Technical Analysis

      Sugar M prices settled at INR 3227.5 levels mostly unchanged during preceding weeks.
      Prices are considered to be in sellers territory on the daily chart since Feb.2020 after the
       breach of INR 3280 levels and recently a pullback seems active after a swing low around
       INR 3180 levels.
      Broader trend is considered bearish as sequence of lower lows and lower highs is intact
       on daily chart, after
       prices transitioned
       from an uptrend to a
       downtrend during
       Aug-Oct.2019 within
       INR 3370-3450 range.
      On the higher side,
       INR 3290-3310 levels
       (supply zone which
       caused sharp
       imbalance before the breach) likely to act as ceiling for prices going forward.
      On the lower side, INR 3120-3100 levels likely to next price objective for the market
       considering the down trend.
      Concisely, prices are likely to consolidate in the range of INR 3200-3250 ahead of drifting
       lower towards INR 3150 levels bearing negative bias in forthcoming weeks.

         Location                     20-04-2020              13-04-2020             % Change
         Kolhapur                        3125                     3200                   -2.3
          Raichur                        3150                     3200                   -1.6
       Muzaffarnagar                     3220                     3275                   -1.7
The Week That Was!                                   PRICE TRACKER
          Rice exporters in India seek European
           pesticides norms                                                       Fortnight      Month
                                                     Commodity        Latest                                 Year ago
          Government tweaks guidelines to                                          ago            ago
           ensure sugar exports meet the target                                                 20-March     20 -April-
          India to harvest record wheat                            20-April-20   06 April 20
                                                                                                    20           19
           production of 106.21 MT in 2019-20:
           Report
                                                       Wheat           1850          1875          1875        1950
                                                       Chana          4055          4105          3946         4510
          Govt pegs 7 per cent rise in onion
           output this yr; sees production fall in   Rice/Paddy       2900          2900          2600         2600
           major fruits                                 Sugar         32200         32275         32029        31467
          NCML releases first estimate of rabi         Maize          1800         1800           1807        1856
           crop, indicates record food grain
           production
                                                                    MINIMUM SUPPORT PRICE (Rs/Qtl.)
          States asked to set up PSFs to combat
           price volatility                                  Commodity                      2018-19          2019-20
                                                                              KHARIF **NEW**
           To purchase the India                           Paddy Common                       1750            1815
           Commodity Year Book 2020,                        paddy grade A                     1770            1835
           contact us at                                    Jowar Hybrid                      2430            2550
           research@ncml.com                               Jowar Maldandi                     2450            2570
                                                                Bajra                         1950            2000
                                                                 Ragi                         2897            3150
                                                                Maize                         1700            1760
                                                              Tur/Arhar                       5675            5800
                                                               Moong                          6975            7050
                                                                 Urad                         5600            5700
                                                             Groundnut                        4890            5090
                                                           Sunflower seed                     5388            5650
                                                           Soybean Yellow                     3399            3710
                                                               Sesame                         6249            6485
                                                              Niger seed                      5877            5940
                                                       Cotton (Medium Staple)                 5150            5255
                                                        Cotton (Long Staple)                  5450            5550
                                                                                RABI**NEW**
                                                             Commodity                      2018-19          2019-20
                                                                Wheat                         1840            1925
                                                                Barley                        1440            1525
                                                                Gram                          4620            4875
                                                           Masoor (Lentil)                    4475            4800
                                                         Rapeseed/Mustard                     4200            4425
 Link for commodity-wise and market-                          Safflower                       4945            5215
        wise prices and arrivals:                                   *includes bonus of Rs 200 per quintal
                                                                   # includes bonus of Rs 100 per quintal
http://agmarknet.gov.in/PriceAndArrival                                Official Production Estimates
s/CommodityWiseDailyReport2.aspx                             Second Advance Estimates 2019-20 & previous
                                                           years’ estimates: Fourth advance estimates 2018-19
Crop & PHMF Division
                             Progress area coverage under Rabi crops as on 31.01.2020
                                                                                               Area : In lakh
                                                     hectare

Sl.no          Crop            Normal Rabi Area        Normal of         Area sown       Difference of 2019-20
                                   (DES)             corresponding                               over
                                                         week
                                                                        2019-   2018-      Normal of       2018-
                                                                         20      19      corresponding      19
                                                                                             week

  1           Wheat                 305.58               303.69        336.18   299.6        32.49         36.88
 2             Rice                  42.76                22.7          28.8    25.31         6.1          3.49
 3            Pulses                  146                 151.1        161.17   151.78       10.06         9.39
 a            Gram                   93.53               95.38          107     96.19        11.83         11.02
 b            Lentil                 14.19               16.09          16.07   16.91        -0.02         -0.84
 c           Field pea               9.45                10.33          9.64    10.46        -0.69         -0.81
 d            Kulthi                 2.04                 4.59          5.15     5.43        0.57          -0.28
 e          Urad bean                8.61                 8.4           7.63     7.53        -0.77          0.1
  f        Moong bean                10.1                 6.51          6.19     6.1         -0.31         0.09
 g           Lathyrus                4.13                 3.7           3.31     3.09        -0.4          0.02
 h         Other pulses              3.94                 6.1           5.96     6.07        -0.14         -0.11
 4        Coarse Cereals             60.78               55.06         55.69    47.77        0.63          7.92
 a            Jowar                  35.75               31.64         30.22    25.03        -1.42          5.19
 b             Bajra                 0.31                 0.21           0.2     0.13         -0.1         0.07
 c             Ragi                  0.46                 0.55          0.47     0.62        -0.08         -0.16
 d            Maize                  17.49               15.22         16.98    14.78        1.76           2.2
 e            Barley                 6.77                 7.44          7.82     7.2         0.38          0.62
 5           Oilseed                 78.85               81.36         80.29    80.36        -1.07         -0.07
 a      Rapeseed & mustard          60.48                67.73          69.51   69.76        1.78          -0.24
 b         Groundnuts                7.76                 5.95          4.76     4.59         -1.2          0.17
 c          Safflower                 1.41                0.85          0.63     0.43        -0.22          0.2
 d          Sunflower                2.96                 2.14          1.04     1.13         -1.1         -0.09
 e          Sesamum                  3.12                 0.76          0.56     0.71        -0.21         -0.15
  f          Linseed                 2.99                 3.51          3.46     3.44        -0.06         0.02
 g         Other oilseed             0.14                 0.42          0.34     0.3         -0.08         0.04
            Total crops             633.98               613.91        662.13   604.52       48.21         57.61
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