Castor Seed &Oil Monthly Research Report

Size: px
Start display at page:

Download "Castor Seed &Oil Monthly Research Report"

Transcription

1 April, 26 Castor Seed &Oil Monthly Research Report Contents Outlook and Review Recommendations Seed Supply & Demand Oil Supply & Demand Domestic Market Fundamentals Technical Analysis (Futures Market) Castor Seed WPI International Castor Oil Market Summary Monthly spot price comparison Overall View

2 April, 26 Outlook and Review At Domestic Front: Monthly average prices surged in Castor physical market good demand by traders. Arrival are also recorded higher after new crop availability. However, lower crush margin of caster seed and poor castor oil demand may curb further hike of castor seed prices. Prices in market is expected to dip from current level in upcoming month. So impact of lower area coverage may be nullified by higher yield. In view of farmers, recent low temperature is beneficial for the castor crop as a result yield is likely to be higher side with good quality. Overall outlook remains bearish. Firm tone are witnessed in the castor physical market due to good demand against lower supplies. Buyers are aggressive in the market. Sellers are seen in wait and watch condition for further hike. Stockiest and millers are active in the market further to buy raw materials. In the long run, prices may go up in the long term as lower production estimates of this season. sometimes physical market are closed on account of financial year closing in March 27. In the long run, prices may go up in the long term as lower production estimates of this season. India exported castor meal higher at 332 tonnes in February 27 than 5263 tonnes in January 27. However, Castor meal exports volume is expected to go down in upcoming month on lower demand majorly in international markets. Average castor meal exports ( April 26 to February 27) is registered higher at 443 T against T in previous year during the same period of time. FOB quotes for meal stood down by 2.3% to$57/t in February 27 against $65/T during the corresponding period of last year. South Korea bought tonne meal during April- February 27. According to the Solvent Extractors' Association of India (SEA),Castor seed production in 26/7 is expected to stand down by 9% to.3 lakh tonnes compared to 4 lakh tonnes in previous year. While, castor seed production for 26/7 is placed down at 7.38 lakh tonnes against previous year record i.e lakh tonne as per the second advance estimates by the ministry of agriculture department. Castor oil export of India decreased by 3.44 percent to 3438 MT during December-26/7 season against 3568 MT in 25/6 season in the same period of time. Total coffee exports of 26/7 so far is registered down by 3.39% to as compared to MT in the same period of time in last year. Export pace is expected to go down as availability of oil is higher and slow buying activities in international market. India exported castor oil at Rs crore per tonne in December-26, down by 4.22% from previous month record. Total FoB quote of this season 26/7 stood at Rs crore compared to Rs crore in previous season. As per recent second advanced estimates of Haryana agriculture department, caster seed crop production, Area and Yield for the season 26/7 are estimated at.3( Tonnes), ( hect.) and 267(kgs./ hect.). This year preliminary Agriwatch estimate for 27/8 shows. 67 lakh tonne production based on farmers feedback and initial field survey in Gujarat, Rajasthan and AP. Area in Gujarat is likely to decline by over 2 % from 6.2 to 4.96 lakh ha. Overall decline in Rajasthan may be 5% and area would decline from 2.3 to.84 lakh ha. In AP / Telangana it may decline by 2 percent to.6 lakh ha. As weather remains favorable Agriwatch expects normal yield this year. Based on normal yield seed production may decline to.67 lakh tonne given the normal weather condition. Agriwatch would revise preliminary estimate in November-27. Recommendation: Agriwatch advises to buy seed around Rs 4 to Rs 49 per qtl for stock purpose, depending on supply source and retain it at least for three months for better return.

3 April, 26 Seed Supply & Demand: There is no change in preliminary estimate. Agriwatch Preliminary estimates regarding area and production shows around 6 percent lower acerage this year due to crop shifting from castor seed to other lucrative crops. Over all area would decline from.2(normal) to 9.43 lakh ha this year. The estimate is based on initial ground level survey and feedback received from farmers. Agriwatch expects above normal rainfall this year and hopes normal yield too. Based on normal yield realization seed production would decline from 5.2 to 2.69 lakh tonne this year. The season started with 5.9 lakh tonne as carryout. Thus total availability for current MY comes to 8.6 lakh tonne if estimated production of 2.69 lakh tonne is included. Lower production would drag carryout down from5.9 to 3. lakh tonne. It would push seed price up in second and third quarter. Preliminary Forecast For 27-8 All units in lakh tonnes Production Imports Total Availability Carry in Consumption Exports Total Usage Carry out Av Monthly Consumption Stock to Month Use Stock to Consumption Ratio Castor Oil Demand & Supply: There is no change in oil supply-demand side. Season 26-7 would start with.5 lakh tonne oil as carryin stock. Agriwatch has estimated 7 lakh tonne oil production from 25-6 crop to be marketed in 26-7 including derivatives use. This brings total availability to 7.5 lakh tonne.export has been pegged at 5.5 lakh tonne slightly higher than 25-6 as supply is higher and price is lower. Carryout for next year would be at higher side(around lakh tonne) despite higher export volume. Castor Oil Supply & Demand Projection For 26-7 Unit in lakh tonne (E) Carry in Production Imports Total Availability Consumption (domestic).9 Exports Total Usage Carry out.25.5

4 April, 26 Castor Oil Monthly Export Trend & Seed Ave Price: Castor oil export of India decreased by 3.44 percent to 3438 MT during December26/7 season against 3568 MT in 25/6 season in the same period of time. Total coffee exports of 26/7 so far is registered down by 3.39% to as compared to MT in the same period of time in last year. Export pace is expected to go down as availability of oil is higher and slow buying activities in international market. India exported castor oil at Rs crore per tonne in December-26, down by 4.22% from previous month record. Total FoB quote of this season 26/7 stood at Rs crore compared to Rs crore in previous season. 72. Castor Oil Export (In '' Metric Tonne) Castor Seed Price Trend: Monthly Average Castor prices in March month increased supported by higher prices in future market and improved demand. However, the trend will not be continue on improved yield and declining demand which may curb further hike in the market. 42 Arrivals are in full pace which may restrict castor seed prices in upcoming month. Steady to weak trend could be seen in upcoming days Av. Weekly Seed Price Movement March27(Rs/Qtl) Rajkot Patan Deesa Sumer Pur st Week 2nd Week 3rd Week 4th Week Total

5 April, 26 Castor Seed Arrival Trend: Arrivals of seed improved in the last week of January 27 in comparison to previous week record. Arrival may improve further after improving condition of cash in the market and new crops availability. 45 New crop starts hitting the market from January Avearge Weekly Arrivals In March 27 Units in Quintal Rajkot 2 Patan Deesa 5 Sumer Pur 5 st Week Castor Oil Meal Export Trend: 3rd Week 4th Week Total 8 Monthly Castormeal Export8 (Monthly) Quanity in MT and FOB $ Per T India exported castor meal higher at 332 tonnes in February 27 than 5263 tonnes in January 27. However, Castor meal exports volume is expected to go down in upcoming month on lower demand majorly in international markets. Average castor meal exports ( April 26 to February 27) is registered higher at 443 T against T in previous year during the same period of time. FOB quotes for meal stood down by 2.3% to$57/t in February 27 against $65/T during the corresponding period of last year. South Korea bought tonne meal during April- February 27. 2nd Week FoB Quote

6 April, 26 Variation In Production Estimates & Forecast For 25-6 & 26/7: Crop Year Govt. Fig * Comparable Production Estimates(Fig. In Lakh Tonne) Oil Private Trades Agriwatch Nelson/Area Govt world Not available Not available to COOIT * 2.69** nd Adv Estimate (Target-2.34 lakh tonne) released on 2 Aug-26 ** Agriwatch preliminary estimate for th *4 Agriwatch Preliminary Area & Production Forecast For Crop Year 26-7 Production In "" Yield In kg/ha Tonne 5 years ** ave Fore Banaskantha Sabarkantha Mehasana Patan Gandhi Nagar Kachchh Surender Ngr Jamnagar Rajkot Vadodara Kheda Ahmedabad Panchmahal Others Gujarat Total Area In ''ha 25-5 years 266 Ave Rajasthan Barmer Jalore Jodhpur Pali Sirohi Others Rajasthan Total 25-5 years years 256 ave 7 6 ave ** AP/Telangana 25- Gujarat 5years yrs Ave

7 April, 26 6 Anantpur 2.3 Kurnool 39.9 Mehboob Ngr Nalgonda.62 Rangareddy.62 Others 7.22 AP/TelanganaTotal 38.2 average Agriwatch preliminary estimates on area and production are based on farmer s sowing intention and initial ground level survey in some pockets of Rajasthan and Gujarat. Castor Oil Export Volume: EXPORT OF CASTOR OIL DURING APRIL TO NOVEMBER 26 ( 8 MONTH ) Month / Year 26-7 Qty MT. Bulk+ Container April 45,378 May 52,33 June 5,994 July 38,836 August 38,497 September 34,28 October 47,2 November 35,68 December 3438 January February March Total Source: SEA 378,46 Value Rs. Cr , Qty MT. Bulk+ Container Rs. Cr Qty MT. Bulk+ Container Rs. Cr Qty MT. Bulk+ Container Rs. Cr. 48, , , , , , , , , , , , , , , , , , , , , , , , , , , ,25 46,327 57,35 543, ,5 37,8 59, , ,49 38,974 35, , Value Value Value

8 April, 26 Castor Seed Inflation: Castor seed monthly wholesale price index: Weight:.4425, Base year: 24-5= Castor seed monthly WPI decreased slightly by.68% to 28. in February 27 against 29.6 in January 27. Units in Rs. Monthly Whole Sale Price Index Monthly Whole Sale Price Index Source: WPI Comparative Prices Of Castor Products Including Seed 24th Mar'7 Castorseed (Gujarat)((Rs./M.T) Ex-Mandi 55 Castor Meal Export (FAS) (US$ / MT),Ex 63 Kandla EXPORT (FOR) Ports (Rs./MT)Castor meal 45 bulk Kandla Castor Oil (First Grade) FOB Kandla 65 (Export)$/Tonne Local rates for oil in domestic market(rs./m.t.) 5 for comm. 7th Mar' th Feb'7 NQ 24th Mar'6 329 CHANGE % NQ NQ NQ NQ Cash Market (Deesan )Expected Price Range For February-27:Expected Range Rs/Qtl.(Low) Rs /Qtl.(High) Short term (5 days) Medium Term (3 days) Outlook For April-27: Castor seed cash market is likely to trade with steady to down zone as seed supply in domestic market is expected to be improved as new crops are ready now to sell. Improved yield and declining demand will push prices down in upcoming weeks.. In April, market may trade in the range of Rs 47 to Rs 43 per qtl. Farmers are selling their new crops and already holding crops at the current market prices as they expects further fall in the prices.

9 April, 26 International Market Updates: There is no change in Global Castor Seed supply demand side. Production is expected to decrease from 8.37 lakh tonne to 5.84 lakh tonne in 26-7 due to lower crop size expected in India this year. Total availability for seed would decrease to 2 lakh tonne including Indian carryout stock of 5.9 lakh tonne. Lower demand for oil and decreasing seed demand in India may push seed price down in India. India dominates global market in seed production with 9 percent contribution. The given diagram shows production contribution of various countries. As production in India is likely to decrease, availability for seed would contract in the third quarter of the year. Rotterdam Price:3, 28, 26, 24, 22, 2, 8, 6, 4, 2,, Rotterdam Price Trend($/T) Price Table: Castor Seed - Products Monthly Average Prices: Commodity Monthly Average Prices (Rs/ Quintal) Center Gujarat Rajasthan Market Change March. 27 February. 27 Patan Harij Rajkot Gondal Deesa Bhabar Mehsana Kadi Sabarkatha Gandhi Nagar Ahmedabad (Sanand) Halvad Junagadh Dhrol Jodhpur

10 April, 26 Sumerpur Castor Seed Cumulative Monthly Sum Arrivals in Key Centers: Center Market Monthly Arrivals (Quintal) Change March. 27 February. 27 Patan Harij Rajkot Gondal Deesa Bhabar NR NR Sabarkatha Gandhi Nagar Ahmedabad (Sanand) Halvad Junagadh Dhrol Jodhpur Sumerpur Total Arrivals/Above Markets Mehsana Gujarat Kadi Rajasthan Note: We have incorporated traded quantity of seed in particular mandis. It does not signify the total arrivals Disclaimer: The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. Use of data and information contained in this report is at your own risk. This document is not, and should not be construed as, an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from the Company. IASL and its affiliates and/or their officers, directors and employees may have positions in any commodities mentioned in this document (or in any related investment) and may from time to time add to or dispose of any such commodities (or investment). Please see the detailed disclaimer at 26 Indian Agribusiness Systems Pvt Ltd.

Castor Weekly Research Report

Castor Weekly Research Report Castor Weekly Research Report Contents Outlook and Review Castor Seed price Chart Export NCDEX Spot Price Outlook Future Chart Progressive Sowing Weekly Spot Price change International Market Update Castor

More information

Maize Monthly Research Report

Maize Monthly Research Report Maize Monthly Research Report Contents Outlook and Review Recommendations International Corn Market Summary AW Maize Index India Maize Balance Sheet State Wise Market Dynamics Domestic Price Outlook On

More information

Maize Weekly Research Report

Maize Weekly Research Report Maize Weekly Research Report Contents Executive Summary Recommendations International Corn Market Summary Export Parity Trend Export Break Up By Major Countries Business from various sourcing centers during

More information

Maize Average Monthly Price Trend

Maize Average Monthly Price Trend EXECUTIVE SUMMARY: All maize cash markets traded firm during the month of September on the expectation of lower kharif crop production amid higher demand from south Indian feed makers as compared to last

More information

Maize Weekly Research Report

Maize Weekly Research Report Maize Weekly Research Report Contents Executive Summary Recommendations International Corn Market Summary Export Parity Trend Export Break Up By Major Countries Business from various sourcing centers during

More information

Cotton Outlook February 2018

Cotton Outlook February 2018 Cotton Outlook February 2018 Cotton is an important commercial crop of India and plays a key role in the national economy. China, India, USA, Pakistan, Brazil, Uzbekistan, Australia, Turkey, Turkmenistan

More information

Castor. Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

Castor. Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Castor Castor (Ricinus communis L.) is a non edible oilseed, belonging to the Euphorbiaceae family. India is the world leader in castor production and dominates the international castor oil trade. The

More information

Rice Weekly Research Report 28 th Nov, 2016

Rice Weekly Research Report 28 th Nov, 2016 Rice Weekly Research Report Contents Outlook and Review Weekly Price Change Weekly Rice Export Progressive Procurement FOB-1121 Steam International Rice Market Summary IGC Balance Sheet CBOT Trend Outlook

More information

Wheat Monthly Research Report

Wheat Monthly Research Report Wheat Monthly Research Report Contents Wheat Market Dynamics AW Wheat Index Wheat Quarterly Balance Sheet Wheat APY Wheat Price Trend Export & Import Monthly Stock & Procurement Inflation Spot Prices Domestic

More information

CROP. JEERA Special report. Sowing and harvesting period. Cropping season

CROP. JEERA Special report. Sowing and harvesting period. Cropping season CROP Jeera or cumin seed is the dried fruit of a small herbaceous plant and is used mainly in cooking in India. It is grown in countries like India, Turkey and Syria and is used as food item and in medicines

More information

MUSTARD SEED REPORT NCDEX STRATEGY RANGE TARGET STOP LOSS. June 2011 Buy / July 2011 Buy /

MUSTARD SEED REPORT NCDEX STRATEGY RANGE TARGET STOP LOSS. June 2011 Buy / July 2011 Buy / 27 May 2011 MUSTARD SEED REPORT Recommendations: NCDEX STRATEGY RANGE TARGET STOP LOSS June 2011 Buy 2770-2820 3100/3250 2580 July 2011 Buy 2870-2900 3150/3200 2750 Aug 2011 Buy 2900-2930 3200/3250 2700

More information

COTTON-MONTHLY-RESEARCH-REPORT

COTTON-MONTHLY-RESEARCH-REPORT Cotton Domestic Fundamental Current Market Scenario: Cotton market noticed firm momentum during the month (March 15). Prices of Kapas at Rajkot remained firm, with the range of Rs. 3750-4120 per quintal

More information

SELL GROUNDNUT ON HARVEST

SELL GROUNDNUT ON HARVEST SELL GROUNDNUT ON HARVEST Grown under rainfed conditions, groundnut is a major oilseed crop and it plays a vital role in bringing vegetable oil deficit in the country. India is the second largest producer

More information

Rice Monthly Research Report 5 July, 2017

Rice Monthly Research Report 5 July, 2017 Rice Monthly Research Report Contents Outlook and Review Price Estimate Domestic Market Fundamentals Monthly Stock & Procurement Export Statics Outlook International Rice Market Summary Parity Sheet CBOT

More information

PULSES SPECIAL BULLETIN 10 th June, 2013 STOCK POSITION OF CHANA AT NCDEX ACCREDITED WAREHOUSES AS ON 10 JUNE 2013

PULSES SPECIAL BULLETIN 10 th June, 2013 STOCK POSITION OF CHANA AT NCDEX ACCREDITED WAREHOUSES AS ON 10 JUNE 2013 PULSES SPECIAL BULLETIN 10 th June, 2013 Pulses Market Summary Pulses traded mix in the spot, however with the monsoon rains covering major geographical area of the country supplies have been limited and

More information

S E A S O N A L COMMODITY INSIGHT

S E A S O N A L COMMODITY INSIGHT S E A S O N A L COMMODITY INSIGHT 12 th January 2015 Wheat Domestic Scenario India is the second largest producer of wheat in the world after China, contributing to about 13.66 per cent of the world s

More information

Rice Weekly Research Report 26 th March, 2018

Rice Weekly Research Report 26 th March, 2018 Rice Weekly Research Report Contents Outlook and Review Weekly Price Change Weekly Rice Export Progressive Procurement FOB-1121 Steam International Rice Market Summary IGC Balance Sheet CBOT Trend Outlook

More information

Potato Short Note. 31 Jan Introduction. Seasonality

Potato Short Note. 31 Jan Introduction. Seasonality 31 Jan 2008 Potato Short Note Introduction Potato is the world's fourth important food crop after wheat, rice and maize because of its higher yield potential along with high nutritive value. With an annual

More information

Content. Monsoon Report and Sowing Update. Highlights. Southwest Monsoon: A flashback of Southwest Monsoon A slow beginning

Content. Monsoon Report and Sowing Update. Highlights. Southwest Monsoon: A flashback of Southwest Monsoon A slow beginning Content Highlights Southwest Monsoon: A flashback of 2011 Southwest Monsoon 2012- A slow beginning Hike in MSP of Kharif crops Sowing Progress of Kharif crops - Cereals - Pulses - Oilseeds - Cotton - Sugarcane

More information

Gujcot Trade Association

Gujcot Trade Association Gujcot Trade Association WEEKLY REPORT Market Movement from RD Sep to TH Sep Gujarat Cotton prices of 29 mm remained between, to, Rs./Candy. Outstate arrivals almost ended. All India Daily Arrivals remained

More information

Presented by : Chowda Reddy Commodities Research Desk

Presented by : Chowda Reddy Commodities Research Desk Fundamentals of Cotton Presented by : Chowda Reddy Commodities Research Desk 1 Introduction Cotton - King of Fibres (belongs to the order Malvales, family Malvaceae) Sowing : June - July, Harvest: September

More information

Item Open High Low Close % Cng OI Comments DAILY MARKET LEVEL

Item Open High Low Close % Cng OI Comments DAILY MARKET LEVEL 4-Nov-15 Item Open High Low Close % Cng OI Comments Spices Pepper 35490 35500 34420 34945-1.34 41 Turmeric 8730 9022 8710 8994 2.39 9915 Jeera 15700 15740 15555 15680 0.26 7290 Coriander 9201 9670 9170

More information

Rice Monthly Research Report 5 July, 2016

Rice Monthly Research Report 5 July, 2016 Contents Outlook and Review Price Estimate Domestic Market Fundamentals Monthly Stock & Procurement Export Statics Outlook International Rice Market Summary Parity Sheet CBOT Trend Outlook and Review:

More information

Rice Weekly Research Report 30 th April, 2018

Rice Weekly Research Report 30 th April, 2018 Rice Weekly Research Report Contents Outlook and Review Weekly Price Change Weekly Rice Export Progressive Procurement FOB-1121 Steam International Rice Market Summary IGC Balance Sheet CBOT Trend Outlook

More information

NCoMM NCML COMMODITY MARKET MONITOR

NCoMM NCML COMMODITY MARKET MONITOR Cotton Sugar Soyben RM Seed Castor seed Turmeric Jeera 0 NCoMM NCML COMMODITY MARKET MONITOR ANSWERS & LUCKY WINNER OF PREVIOUS WEEK S MktYard.com Weekly Commodity Market Monitor HOME Commodities Coverage

More information

GUAR SEASONAL REPORT

GUAR SEASONAL REPORT 7 th June, 2011 GUAR SEASONAL REPORT HIGH LIGHTS: Monsoon Prospects Acreage Projections Production Estimates Trade Policies Seasonality Ratio Analysis After such a historic rise in prices of guar seed

More information

At a Glance. Area under wheat cultivation is on higher side compared to last year.

At a Glance. Area under wheat cultivation is on higher side compared to last year. At a Glance Area under wheat cultivation is on higher side compared to last year. During October 1 st to December 15 th, area covered under wheat cultivation was 232.59 lakh hectares, up by 10.4% from

More information

Wheat Monthly Research Report

Wheat Monthly Research Report Wheat Monthly Research Report Contents Wheat Market Dynamics AW Cereal Index Wheat Quarterly Balance Sheet Supply Demand & Domestic Market Highlights Acreage Procurement Wheat Price Trend Export & Import

More information

TECHNO FUNDA REPORT ON GUAR

TECHNO FUNDA REPORT ON GUAR Page 1 The history Taking a look at the long charts, overall the guar complex is trading near its yearly high & is maintaining its course of uptrend since past 3 years. However, last year the duo moved

More information

INDIAN SOYBEAN - IS THE BULL RUN TO STAY?

INDIAN SOYBEAN - IS THE BULL RUN TO STAY? INDIAN SOYBEAN - IS THE BULL RUN TO STAY? Report Highlights: Indian exporters are signing fresh Soymeal export contracts at record prices of $330-$340 per tonne, including cost and freight, to destinations

More information

Wheat Monthly Research Report

Wheat Monthly Research Report Wheat Monthly Research Report Contents Wheat Market Dynamics AW Cereal Index Wheat Quarterly Balance Sheet Supply Demand & Domestic Market Highlights Acreage and Procurement Wheat Price Trend Export &

More information

Guar Scenario. Mapping The Market Thought of Guar and Guargum markets. Nagaraj Meda. Managing Director TransGraph Consulting Pvt.Ltd.

Guar Scenario. Mapping The Market Thought of Guar and Guargum markets. Nagaraj Meda. Managing Director TransGraph Consulting Pvt.Ltd. Mapping The Market Thought of Guar and Guargum markets Nagaraj Meda Guar Scenario Managing Director TransGraph Consulting Pvt.Ltd 24 th Nov, 2013 6 th & 7 th, Dec 2013 Jaipur 1 Price drivers review Good

More information

S E A S O N A L COMMODITY INSIGHT

S E A S O N A L COMMODITY INSIGHT S E A S O N A L COMMODITY INSIGHT 17 th December 2014 Chana (Chickpea) India produces a quarter of the world s pulses, accounting for one third of the total acreage under pulses. Indians consume 30 per

More information

S E A S O N A L COMMODITY INSIGHT

S E A S O N A L COMMODITY INSIGHT S E A S O N A L COMMODITY INSIGHT 12 th October 2015 Rape Seed / Mustard Seed (RM Seed) Domestic Scenario India s Mustard seed production in 2014-15 is estimate at around 63.09 lakh MT, which is marginally

More information

Gujcot Trade Association

Gujcot Trade Association Gujcot Trade Association WEEKLY REPORT Market Movement from TH Sep to TH Sep Gujarat Cotton prices of 29 mm remained between, to, Rs./Candy. Outstate arrivals almost ended. All India Daily Arrivals remained

More information

Rice Monthly Research Report 5 th April, 2018

Rice Monthly Research Report 5 th April, 2018 Rice Monthly Research Report Contents Outlook and Review Price Estimate Domestic Market Fundamentals Monthly Stock & Procurement Export Statics Outlook International Rice Market Summary Parity Sheet CBOT

More information

Commodity Profile for Cotton- May, 2016

Commodity Profile for Cotton- May, 2016 (As on 13.05.2016) Commodity Profile for Cotton- May, 2016 Contents 1. Cotton Estimates for India... 2 2. Cotton Estimates for World... 2 3. Domestic Production... 3 4. Global Production... 3 5. Major

More information

10 March Barley: A Parabolic Move

10 March Barley: A Parabolic Move Barley: A Parabolic Move 1 Barley is an annual cereal crop consumed as a major food and feed. Basically a grass crop, it belongs to the family of Poaceae, and is considered to be the fourth most-important

More information

Pulses Monthly Overview July 2012

Pulses Monthly Overview July 2012 Neha Sinha Economist Knowledge Management, NCDEX neha.sinha@ncdex.com +91 22 66406578 Pulses Monthly Overview July 2012 Highlights Area under kharif pulses was 20.54 lakh hectares as on July 13, 2012 Acreage

More information

WHEAT SEASONAL REPORT

WHEAT SEASONAL REPORT 1 st March 2011 WHEAT SEASONAL REPORT Investment strategies: Positions (NCDEX) Contracts TP SL Risk Reward Roll over Sell at 1270-1290 March 1180/1150 1368-8800 10000 15 th March Sell at1220-1240 April

More information

Daily Indian Steel Longs Price Outlook and Strategy

Daily Indian Steel Longs Price Outlook and Strategy Daily Indian Steel Longs Price Outlook and Strategy Decision enabling market analysis & price outlook Jan 28, 2015 Market recap and Summary outlook for next 3 days Althouhg semi finsihed steel prices including

More information

Hereby we share with you our latest update about the pumpkin and sunflower market.

Hereby we share with you our latest update about the pumpkin and sunflower market. Dear client, Hereby we share with you our latest update about the pumpkin and sunflower market. If you have any questions or interests regarding our market information you can contact us through our contact

More information

GROUNDNUT PRICES LIKELY TO BE AROUND Rs. 4800/q AT HARVEST

GROUNDNUT PRICES LIKELY TO BE AROUND Rs. 4800/q AT HARVEST GROUNDNUT PRICES LIKELY TO BE AROUND Rs. 4800/q AT HARVEST India is the second largest producer of groundnut in the world. On the global front, China leads in production, making up some 42 per cent of

More information

Agenda note on oilseeds production by 2022

Agenda note on oilseeds production by 2022 Agenda note on oilseeds production by 2022 Contact: Madan Sabnavis Chief Economist madan.sabnavis@careratings.com 91-022-6754 3489 Bhagyashree C. Bhati Research Analyst bhagyashree.bhati@careratings.com

More information

CORN: BETTER DEMAND, PRODUCTION CONCERNS

CORN: BETTER DEMAND, PRODUCTION CONCERNS CORN: BETTER DEMAND, PRODUCTION CONCERNS April 2000 Darrel Good Summary The USDA s March Grain Stocks report, released on March 31, confirmed a high rate of domestic corn use during the second quarter

More information

Item Open High Low Close % Cng OI Comments DAILY MARKET LEVEL

Item Open High Low Close % Cng OI Comments DAILY MARKET LEVEL 18-Jan-16 Item Open High Low Close % Cng OI Comments Spices Pepper 35490 35500 34420 34945-1.34 41 Turmeric 9896 9896 9610 9642-1.93 23800 Jeera 13830 13950 13760 13915 0.51 7386 Coriander 6855 7085 6855

More information

Weekly Monsoon Report. 07 August 2017

Weekly Monsoon Report. 07 August 2017 Weekly Monsoon Report 07 August 2017 EXECUTIVE SUMMARY Baring North-west India, rainfall activities remained on lower side in most of the other parts of the country. As per the IMD, New Delhi, fairly widespread

More information

MARTINSON AG. Feb. 16, 2018 WHEAT

MARTINSON AG. Feb. 16, 2018 WHEAT MARTINSON AG Feb. 16, 2018 WHEAT Wheat started the week by opening the overnight session with gains and then continuing to trade with solid gains throughout the session. Early support came from disappointing

More information

8 th September, Medium term(dec Jan) Supply Demand Price

8 th September, Medium term(dec Jan) Supply Demand Price 8 th September, 2008 Seasonal Outlook On Chilli Medium term(dec Jan) Supply Demand Price Introduction Chilli is considered as one of the commercial spice crops. It is the most widely used universal spice,

More information

SOYBEANS: SURPLUS GROWS, ACREAGE TO DECLINE

SOYBEANS: SURPLUS GROWS, ACREAGE TO DECLINE SOYBEANS: SURPLUS GROWS, ACREAGE TO DECLINE JANUARY 2007 Darrel Good 2007 NO. 2 Summary The 2006 U.S. soybean crop was a record 3.188 billion bushels, but was 16 million smaller than the November 2006

More information

CORN: SMALLER SUPPLIES ON THE HORIZON. April 2001 Darrel Good No. 3

CORN: SMALLER SUPPLIES ON THE HORIZON. April 2001 Darrel Good No. 3 CORN: SMALLER SUPPLIES ON THE HORIZON April 2001 Darrel Good 2001- No. 3 Summary The USDA s March Grain Stocks and Prospective Plantings report released on March 30 provided some fundamentally supportive

More information

GRAIN PRICES TO REFLECT STARLINK, SOUTH AMERICAN WEATHER, AND FARMER MARKETING PATTERNS

GRAIN PRICES TO REFLECT STARLINK, SOUTH AMERICAN WEATHER, AND FARMER MARKETING PATTERNS January 2, 2001 Ames, Iowa Econ. Info. 1804 GRAIN PRICES TO REFLECT STARLINK, SOUTH AMERICAN WEATHER, AND FARMER MARKETING PATTERNS Corn and soybean futures prices have shown some volatility in the last

More information

Daily Market Highlights

Daily Market Highlights Daily Market Highlights Click below to see the Daily Commentary PDF version http://s3.amazonaws.com/media.agricharts.com/sites/2356/datasheetuploads/dailymarketco mmentary.pdf Friday, June 15, 2018 Hogs:

More information

SOYBEANS: SMALLER STOCKS, MORE ACRES, AND EARLY WEATHER WORRIES

SOYBEANS: SMALLER STOCKS, MORE ACRES, AND EARLY WEATHER WORRIES SOYBEANS: SMALLER STOCKS, MORE ACRES, AND EARLY WEATHER WORRIES APRIL 2000 Darrel Good Summary March 1, 2000 stocks of soybeans were estimated at 1.397 billion bushels, 60 million less than on the same

More information

Turmeric Seasonal Report

Turmeric Seasonal Report Turmeric Seasonal Report 23 March 2009 Market review The year 2009 has proved to be a year for turmeric as prices rallied from the very first day of the year and has never looked back since. Turmeric futures

More information

CORN: USDA REPORTS FAIL TO CONFIRM SMALLER SUPPLIES

CORN: USDA REPORTS FAIL TO CONFIRM SMALLER SUPPLIES CORN: USDA REPORTS FAIL TO CONFIRM SMALLER SUPPLIES JANUARY 2001 Darrel Good No. 1 Summary Corn prices managed a significant rally from late September to late December 2000, partially on anticipation of

More information

SOYBEANS: LARGE U.S. CROP, WHAT ABOUT SOUTH AMERICA?

SOYBEANS: LARGE U.S. CROP, WHAT ABOUT SOUTH AMERICA? SOYBEANS: LARGE U.S. CROP, WHAT ABOUT SOUTH AMERICA? OCTOBER 2004 Darrel Good 2004 B NO. 8 Summary The USDA now forecasts the 2004 U.S. soybean crop at 3.107 billion bushels, 271 million larger than the

More information

Cotton Crop Survey & Market Outlook

Cotton Crop Survey & Market Outlook Cotton Crop Survey & Kunal Shah Head - Commodity Research Nikhil Murali Research Analyst Cotton Sugar Pulses Outlook: - Long-term Bullish Market Recap Cotton market witnessed new highs in the past season

More information

Marketing behaviour of cumin in Jodhpur district of Rajasthan

Marketing behaviour of cumin in Jodhpur district of Rajasthan Marketing behaviour of cumin in Jodhpur district of Rajasthan Vinod Kumar Verma * and Pradeep Kumar Department of Agricultural Economics, S.K.N. College of Agriculture, Jobner-303329, District-Jaipur Rajasthan,

More information

SOYBEANS: AN EARLY WEATHER MARKET

SOYBEANS: AN EARLY WEATHER MARKET SOYBEANS: AN EARLY WEATHER MARKET January 2000 Darrel Good Summary 1999 U.S. Crop Estimate Revised Lower Soybean prices have made a modest rally from the mid-december lows, fueled by areas of dry weather

More information

For the year Period Outlook Target (Delhi spot) Medium Term (July-Aug) Bullish Current spot market (Delhi) price: 2300

For the year Period Outlook Target (Delhi spot) Medium Term (July-Aug) Bullish Current spot market (Delhi) price: 2300 17 April 2009 Chana Seasonal Report update For the year 2009 Period Outlook Target (Delhi spot) Medium Term (July-Aug) Bullish 2600-2650 Current spot market (Delhi) price: 2300 Prepared by: Research Desk

More information

Hog Producers Near the End of Losses

Hog Producers Near the End of Losses Hog Producers Near the End of Losses January 2003 Chris Hurt Last year was another tough one for many hog producers unless they had contracts that kept the prices they received much above the average spot

More information

Grain Market Outlook and Marketing Strategies

Grain Market Outlook and Marketing Strategies Grain Market Outlook and Marketing Strategies Presented by: Brian Roach Dec 6 & 7, 2016 Roach Ag Marketing, Ltd. Disclaimer: Futures/options trading involves substantial risk of loss and trading may not

More information

SOYBEANS: LARGE SUPPLIES CONFIRMED, BUT WHAT ABOUT 2005 PRODUCTION?

SOYBEANS: LARGE SUPPLIES CONFIRMED, BUT WHAT ABOUT 2005 PRODUCTION? SOYBEANS: LARGE SUPPLIES CONFIRMED, BUT WHAT ABOUT 2005 PRODUCTION? JANUARY 2005 Darrel Good 2005 NO. 2 Summary USDA s January reports confirmed a record large 2004 U.S. crop, prospects for large year-ending

More information

CHANGING DYNAMICS OF POPULATION IN GUJARAT: DISTRICT LEVEL ANALYSIS OF POPULATION, SEX RATIO AND URBANIZATION

CHANGING DYNAMICS OF POPULATION IN GUJARAT: DISTRICT LEVEL ANALYSIS OF POPULATION, SEX RATIO AND URBANIZATION CHANGING DYNAMICS OF POPULATION IN GUJARAT: DISTRICT LEVEL ANALYSIS OF POPULATION, SEX RATIO AND URBANIZATION Prof. Tarang Solanki Assistant Professor Economics School of Social Science Gujarat University

More information

UPPER GANGES SUGAR & INDUSTRIES LIMITED. MANAGEMENT DISCUSSION AND ANALYSIS. [For the quarter ended 31 st December, 2010]

UPPER GANGES SUGAR & INDUSTRIES LIMITED. MANAGEMENT DISCUSSION AND ANALYSIS. [For the quarter ended 31 st December, 2010] UPPER GANGES SUGAR & INDUSTRIES LIMITED. MANAGEMENT DISCUSSION AND ANALYSIS [For the quarter ended 31 st December, 2010] The management of Upper Ganges Sugar & Industries Limited is pleased to present

More information

YEMEN MONTHLY MARKET WATCH JUNE 2012

YEMEN MONTHLY MARKET WATCH JUNE 2012 Highlights In May 2012, the country general inflation was 11.24% and food inflation stood at 10.53%, based on 12 months moving average. Between January and June 2012, the average wholesale price of 50

More information

The Indian textiles and apparel industry has exhibited growth in overall sales and EBIDTA levels

The Indian textiles and apparel industry has exhibited growth in overall sales and EBIDTA levels Textiles sector shows improvement, but exports remain weak The latest index from Wazir Advisors talks about trade performance of India s textiles and apparel sector and the overall economy of the country.

More information

Prospects for Corn Trade in 2018/19 and Beyond

Prospects for Corn Trade in 2018/19 and Beyond Prospects for Corn Trade in 2018/19 and Beyond Ben Brown Department of Agricultural, Environmental, and Development Economics The Ohio State University February 15, 2019 The agricultural industry is a

More information

August 2018 Centre for Indian Agricultural Marketing Intelligence Maharashtra Agricultural Competitiveness Project,

August 2018 Centre for Indian Agricultural Marketing Intelligence Maharashtra Agricultural Competitiveness Project, August 2018 Centre for Indian Agricultural Marketing Intelligence Maharashtra Agricultural Competitiveness Project, Plot No. F/E/78, 1 st Floor, LDB Building, Market Yard, Gultekdi, Pune-110037Tel.: 020-24270315,

More information

Santa Claus rally could help corn Be ready to sell brief rallies when they come By Bryce Knorr, senior grain market analyst

Santa Claus rally could help corn Be ready to sell brief rallies when they come By Bryce Knorr, senior grain market analyst Santa Claus rally could help corn Be ready to sell brief rallies when they come By Bryce Knorr, senior grain market analyst Rallies are always possible in corn, even in down markets. Trouble is, they don

More information

SOYBEANS: DECLINING EXPORTS, LARGE STOCKS

SOYBEANS: DECLINING EXPORTS, LARGE STOCKS SOYBEANS: DECLINING EXPORTS, LARGE STOCKS JANUARY 2006 Darrel Good 2006 NO. 2 Summary At 3.086 billion bushels, the 2005 U.S. soybean crop was 43 million larger than the November forecast and only 38 million

More information

Cement Industry: Stable credit outlook - Demand recovery and higher sales realization to result in improved profitability in FY15

Cement Industry: Stable credit outlook - Demand recovery and higher sales realization to result in improved profitability in FY15 : Stable credit outlook - Demand recovery and higher sales realization to result in improved profitability in FY15 Cement Industry July 21, 2014 FY14 performance impacted due to slowdown in demand and

More information

Decision enabling cash market analysis & price outlook. Report Summary Last closing USD (+16.00) per MT as on October 11, 2013

Decision enabling cash market analysis & price outlook. Report Summary Last closing USD (+16.00) per MT as on October 11, 2013 Decision enabling cash market analysis & price outlook For the week beginning Oct 15, 213 Argentina Soy Oil 1 Month Forward Fundamental Summary Report Summary Last closing USD 93. (+16.) per MT as on October

More information

16 th October, Turmeric Crop Survey & Analysis 2015

16 th October, Turmeric Crop Survey & Analysis 2015 Turmeric Crop Survey & 02-Jun-14 02-Jul-14 02-Aug-14 02-Sep-14 02-Oct-14 02-Nov-14 02-Dec-14 02-Jan-15 02-Feb-15 02-Mar-15 02-Apr-15 02-May-15 02-Jun-15 02-Jul-15 02-Aug-15 02-Sep-15 02-Oct-15 Rs Per Quintal

More information

India. India Grain Voluntary Update - October 2017

India. India Grain Voluntary Update - October 2017 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 10/3/2017 GAIN Report Number:

More information

CORN: MARKET TO REFLECT U.S. AND CHINESE CROP PROSPECTS

CORN: MARKET TO REFLECT U.S. AND CHINESE CROP PROSPECTS CORN: MARKET TO REFLECT U.S. AND CHINESE CROP PROSPECTS JULY 2001 Darrel Good 2001 - No. 6 Summary The USDA s June Acreage and Grain Stocks reports provided some modest fundamental support for the corn

More information

13 March Prepared by. Karvy Comtrade Ltd Hyderabad

13 March Prepared by. Karvy Comtrade Ltd Hyderabad 13 March 2009 Cotton Seasonal Report Update 2009 Prepared by Karvy Comtrade Ltd Hyderabad COTTON Cotton report for 2008-09 season was released in the first week of January 2009 with extensive coverage

More information

Technical Analysis. Cotton Association of India. Price outlook for Gujarat-ICS-105, 29mm and ICE cotton futures for the period 28/11/17 to 26/12/17

Technical Analysis. Cotton Association of India. Price outlook for Gujarat-ICS-105, 29mm and ICE cotton futures for the period 28/11/17 to 26/12/17 Weekly Publication of Cotton Association of India Edited & Published by Amar Singh 2017-18 No. 35 28 th November, 2017 Published every Tuesday Cotton Exchange Building, 2nd Floor, Cotton Green, Mumbai

More information

Commodity Market Outlook

Commodity Market Outlook Commodity Market Outlook Jim Hilker Professor and MSU Extension Economist Department of Agricultural, Food, and Resource Economics Michigan State University Market Outlook Reports for January 6, 2017 (Written

More information

No lipstick for this pig USDA report bearish for soybeans -- period By Bryce Knorr, senior grain market analyst

No lipstick for this pig USDA report bearish for soybeans -- period By Bryce Knorr, senior grain market analyst No lipstick for this pig USDA report bearish for soybeans -- period By Bryce Knorr, senior grain market analyst USDA s September reports were about as bearish for soybeans as you can get. A bigger than

More information

Center for Indian Agricultural Marketing Intelligence

Center for Indian Agricultural Marketing Intelligence (CIAMI) May 2017 Tur Price Forecast For October to December - 2017 India is the largest producer and consumer of tur in the world. The average spot prices of tur in the Akola market are showing a downward

More information

Growth Performance of Major Vegetable Crops in Gujarat State

Growth Performance of Major Vegetable Crops in Gujarat State Agricultural Economics Research Review Vol. 30 (No.1) January-June 2017 pp 139-149 DOI: 10.5958/0974-0279.2017.00013.1 Growth Performance of Major Vegetable Crops in Gujarat State Daya Suvagiya, V.C. Shilpa,

More information

Summary of WASDE and Production USDA

Summary of WASDE and Production USDA Summary of WASDE and Production USDA The following information are summary and extracts from the latest, AUG 2016, WASDE and World Agricultural Production reports provided by the United States Department

More information

UPPER GANGES SUGAR & INDUSTRIES LIMITED

UPPER GANGES SUGAR & INDUSTRIES LIMITED The management of Upper Ganges Sugar & Industries Limited is pleased to present its assessment of the prevailing industrial scenario for the quarter ending 30 th September, 2008. 1. World Sugar Market

More information

As we set out in our note on 05 October 2017, South Africa s 2017/18 total maize supplies are at 17.1 million tonnes,

As we set out in our note on 05 October 2017, South Africa s 2017/18 total maize supplies are at 17.1 million tonnes, 06 October 2017 South African Agricultural Commodities Weekly Wrap The South African Supply and Demand Estimates Committee s latest data paints a mixed picture regarding the country s grain and oilseed

More information

IRON ORE. Indian Iron ore Industry FY18 vs FY17. Apr 2018

IRON ORE. Indian Iron ore Industry FY18 vs FY17. Apr 2018 IRON ORE INSIGHT Indian Iron ore Industry FY18 vs FY17 Apr 2018 Indian Iron ore Industry - FY18 vs FY17 Financial Year 2018 has observed lot of significance events with regards to Indian iron ore and pellet

More information

CORN: HIGHER PRICES COMES EARLY

CORN: HIGHER PRICES COMES EARLY CORN: HIGHER PRICES COMES EARLY OCTOBER 2006 Darrel Good 2006 NO. 7 Summary The 2006 U.S. corn crop is expected to be the third largest ever, but it is small in relation to expected consumption during

More information

Wheat Market Outlook and Price Report: May 28, 2018 By Marlene Boersch/ A.P. Temple Mercantile Consulting Venture Inc.

Wheat Market Outlook and Price Report: May 28, 2018 By Marlene Boersch/ A.P. Temple Mercantile Consulting Venture Inc. Wheat Market Outlook and Price Report: May 28, 2018 By Marlene Boersch/ A.P. Temple Mercantile Consulting Venture Inc. i) Background and Rationale for the Report The following wheat market outlook and

More information

Veal Price Forecast. October 2015

Veal Price Forecast. October 2015 Veal Price Forecast October 2015 VEAL PRICE FORECAST OCTOBER 2015 Veal Light Production Veal prices in 2015 have been stronger than anticipated and are expected to continue to show year-over-year increases

More information

Can corn market think for itself? Fundamentals say prices should be higher By Bryce Knorr, senior grain market analyst

Can corn market think for itself? Fundamentals say prices should be higher By Bryce Knorr, senior grain market analyst Can corn market think for itself? Fundamentals say prices should be higher By Bryce Knorr, senior grain market analyst When supply and demand talk, markets are supposed to listen. But sometimes it can

More information

THE HIGHTOWER REPORT

THE HIGHTOWER REPORT Futures Analysis & Forecasting HightowerReport.com Strategies for the March 31st USDA Prospective Plantings Report Large Grain Supply May Not Be Enough! Several years ago, the amount of food consumed inside

More information

Basmati rice, guargum drive India s April-June agri exports. Buffalo meat shipments stay flat

Basmati rice, guargum drive India s April-June agri exports. Buffalo meat shipments stay flat 01.08.2017 Basmati rice, guargum drive India s April-June agri exports Buffalo meat shipments stay flat India s agri exports for the April-June quarter rose by almost a tenth in dollar terms and 7 per

More information

MARTINSON AG. Feb. 23, 2018 WHEAT

MARTINSON AG. Feb. 23, 2018 WHEAT MARTINSON AG Feb. 23, 2018 WHEAT To start the short week, wheat opened with modest gains but slipped to end the session lower. Early support came from disappointing weekend rains in the Southern Plains.

More information

INVEST IN EDIBLE OIL REFINING SECTOR

INVEST IN EDIBLE OIL REFINING SECTOR INVEST IN EDIBLE OIL REFINING SECTOR Indian Scenario India has a growing demand for edible oils More than 50% of raw veg oil demand in India is met through imports (lakh tonnes) nd 2 largest consumption

More information

US Imported Beef Market A Weekly Update

US Imported Beef Market A Weekly Update US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVIII, Issue 9 March 9, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

Morning Comments

Morning Comments Next USDA Reports: Tomorrow, Friday April 8, 2011 WASDE & Crop Production Position Management: The table shows how the Model Farm is positioned at this time. Individual recommendations may vary. 2010 Crop

More information

SOYBEANS: HIGHEST PRICES IN OVER SEVEN YEARS. January 2004 Darrel Good 2004 NO. 2

SOYBEANS: HIGHEST PRICES IN OVER SEVEN YEARS. January 2004 Darrel Good 2004 NO. 2 SOYBEANS: HIGHEST PRICES IN OVER SEVEN YEARS January 2004 Darrel Good 2004 NO. 2 Summary At 2.418 billion bushels, the 2003 U.S. soybean crop was 34 million bushels smaller than the USDA s November forecast

More information

Brian Grossman (312) ZANER Ag. Corn Exports and US Dollar Collision

Brian Grossman (312) ZANER Ag. Corn Exports and US Dollar Collision Brian Grossman (312) 277-0119 @AgHedgeBrian bgrossman@zaner.com Ag Corn Exports and US Dollar Collision Thursday s come along with a of a more important tone as the USDA routinely releases exports sales

More information

THE OUDH SUGAR MILLS LIMITED

THE OUDH SUGAR MILLS LIMITED The management of The Oudh Sugar Mills Limited is pleased to present its assessment of the prevailing industrial scenario for the quarter ending 31 st December, 2008. 1. World Sugar Market In its second

More information