Pulses Monthly Overview July 2012

Save this PDF as:
Size: px
Start display at page:

Download "Pulses Monthly Overview July 2012"

Transcription

1 Neha Sinha Economist Knowledge Management, NCDEX Pulses Monthly Overview July 2012 Highlights Area under kharif pulses was lakh hectares as on July 13, 2012 Acreage under kharif pulses stands lower than acreage of lakh hectares as on 15 th July 2010 and lakh hectares as on July 15 th India produced record 7.12 million MT and 6.19 million MT of kharif pulses in and The main kharif pulses producing states of Maharashtra, Madhya Pradesh, Karnataka and Uttar Pradesh are experiencing deficient rainfall Minimum support price of urad was raised 30% to Rs 4,300 per quintal from Rs 3,300 per quintal in the marketing season Decision on hike in MSP of tur and moong has been deferred Annual inflation in pulses group jumped to 20.48% in June 2012 from 16.61% in May India imported Rs 9,434 crore of pulses in higher than Rs 7,386 crore imported in the previous year Chickpea production by major producers Australia and Canada is expected to rise in Area under kharif pulses was lakh hectares as on July 13, 2012, a jump of 6 lakh hectares from a week ago but nearly 38% less than normal acreage for this time of the year. The main kharif pulses are tur, moong and urad. The acreage under kharif pulses stands lower than acreage of lakh hectares as on 15 th July 2010 and lakh hectares as on July 15 th India produced record 7.12 million MT and 6.19 million MT of kharif pulses (Figure 1) in and Slow progress of monsoon has been a dampener to crop sowing; although substantial progress in monsoon in the week ended 11 th July reduced deficiency on a cumulative basis to 22% from 30% till the prior week. Figure 1: Production of Pulses (million MT) Source: Ministry of Agriculture, GOI * Third Advance Estimate

2 The main kharif pulses producing states of Maharashtra, Madhya Pradesh, Karnataka and Uttar Pradesh are experiencing deficient rainfall. As of July 15, 2012, cumulative rainfall deficiency in Maharashtra and Karnataka seems particularly acute with deficiency in most of Karnataka (excluding the coastal belt) was above 50% while rainfall in Madhya Maharashtra, Marathwada and Vidarbha was 40%, 34% and 21% below normal. Minimum support price (MSP) of urad was raised 30% to Rs 4,300 per quintal from Rs 3,300 per quintal in the marketing season Decision on hike in MSP of tur/arahar and moong has been deferred and the Committee on Agricultural Costs and Prices (CACP) has been asked to send a fresh proposal in this regard to the ministry. CACP had initially proposed to raise MSP of moong and tur to Rs 4,500 and Rs 4,000 per quintal for Table 1: Minimum Support Price of Pulses (`/Quintal) Pulses Chana Tur Urad Moong Masur Year MSP Change MSP Change MSP Change MSP Change MSP Change % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Source: Ministry of Agriculture Figure 2: Inflation in Pulses Annual inflation in pulses group jumped to 20.48% in June 2012 from 16.61% in May Inflationary pressure accentuated as the two pulses - chana and masur experienced double digit inflation offsetting negative inflation in moong and urad (Figure 2). Masur experienced two successive months of double digit inflation (11% in May 2012 and 19% in June 2012) after posting multiple months of negative inflation. Tur experienced mild positive inflation of 0.54% in June. Chana continued to experience high inflation of 59% in June Inflation in urad and moong stood at -17% and -6% in June Source: Office of the Economic Adviser, GOI 2

3 Table 2: Trade in Pulses (MT) ,701 2,270, ,200 2,833, ,275 2,474, ,999 3,509, ,693 2,591, (April- Jan)^ NA 2,660,000 ^ Reply to a Query in Parliament Source: CMIE According to Ministry of Commerce and Industry, lakh MT of peas, 2.03 lakh MT of chana, 4.32 lakh MT of urad and moong, 1.12 lakh MT of masur and 4.26 lakh MT of tur has been imported by India during April March In value terms, India imported Rs 9,434 crore of pulses in higher than Rs 7,386 crore imported in the previous year. Dry peas and chickpeas beans accounted for 51% of total imports by value as against share of 32% in the previous year. Sharp depreciation in rupee by 17% from the peak of Rs in April 2012 to the trough of Rs in December 2012 added to the import cost of pulses. Chana (Bengal Gram) Country s chana output is estimated to be 7.4 million MT in as against 8.22 million MT in the previous year. Prices remained firm as lower produce and collective holding back of stocks by farmers in Bikaner supported rise in prices. Surveys in Bikaner have revealed that some farmers have held back stocks in anticipation of rise in prices as observed through marked decline in arrivals during May 2012 as against the same month last year (Figure 4). Arrivals in Bikaner peaks in April and May but arrivals this year broke the usual trend witnessed in this key physical trade centre. Mandis in Bikaner district received arrival of 4,451 MT in May 2012 as against 12,982 MT last year. Consequently, prices in Bikaner rose from an average of Rs 3,607 per quintal in April 2012 to Rs 4,184 in May due to low supplies. Source: Ministry of Agriculture, GOI * Third Advance Estimate Figure 3: Production of Chana Arrivals improved in the following month i.e. June 2012 to 6,043 MT, higher than arrival of 5,703 MT in June 2011 as unlike last year the season s produce had not been fully offloaded in the mandis. Consequently, prices slid to Rs 4,090 in June 2012 since supplies shored up. Prices moved up in early July to near Rs 4,400 per quintal in Bikaner. Arrivals of 3

4 chana in the first 12 days of July 2012 totaled 2,730 MT as against month s total arrival of 1,832 MT in July 2011, another sign that farmers are offloading their produce late at higher prices this season rather than selling the produce immediately after harvest in April and May. Figure 4: Chana Arrivals at Bikaner Fig 5: Spot Price of Chana in Bikaner Futures trading an early warning system Source: Agmarknet Source: Reuters Chana prices in Delhi, a consumption centre of the pulse, rose steadily from Rs 4,210 per quintal in May to Rs 4,248 in June. Prices hovered around Rs 4,523 in early July. Chana prices on futures platform tracked its physical market counterpart reflecting the scarcity of the pulse in the market. August chana is trading close to Rs 4,600 a quintal amid expectation of festival demand during Ramzan. Chana futures with expiry in and September and October 2012 are trading above Rs 4,700 as expected poor supplies in the lean arrival and festival season demand are priced in. Figure 6: Spot versus Near Month Futures Price of Chana Figure 7: Chana - Futures Price Movement 4

5 A fourth of the volume and open interest in NCDEX chana futures was observed during June and first half of July thereby allowing adequate liquidity in mid and far month futures. Figure 8: Near Month Prices, Volume and Open Interest in NCDEX Chana Contract On a month-on-month basis, volume and open interest in NCDEX chana have declined after April indicating significantly lower activity in futures markets after March. The lower volumes are probably a reflection of thin physical market activity in the absence of adequate supplies and likely effect of higher margins and lower position limit imposed as a regulatory measure. Figure 9: Daily Average Monthly Volume and OI 5

6 Fig 10: Price of kabuli chana - Indore Kabuli chana (dollar chana) prices, though higher in 2012 as against 2011, have seen a different price trend than its desi counterpart. The primary reason for this different pattern is abundant supplies of this variety of chana. Produce of kabuli chana is estimated to have jumped phenominally from lakh MT to 6 lakh MT. Madhya Pradesh led the states by producing near 60 per cent of the total domestic produce. Indore, the main trading centre of kabuli chana, saw prices fall slightly from Rs 6,654 per quintal in April 2012 to Rs 6,502 in May 2012 and Rs 5,814 in June as markets received adequate supply of this pulse since output tripled. Source: Agmarknet Prices of yellow pea, viewed as a cheap substitute to chana, remained steady through arrival season of February to April. Yellow peas traded near Rs 2,960 in May and June 2012, but breached the Rs 3,000 mark in early July reflecting rise in end user demand for this substitute. Figure 11: Spot Price Movement of Yellow Peas (Kanpur) Table 3 Trade in Chana (MT) , , , , , , , , (April- Sep) 115, , Table 4: Trade in Dry Pea (MT) ,738, ,215, ,655, ,504, (April- Sep) , Source: DGFT, GOI

7 Outlook on International Production of chana (Desi and Kabuli) and dry peas (yellow pea and green pea) Chickpea production by major producers Australia and Canada is expected to rise in Table 5: Australia and Canada statistics Area (ha) Yield (MT/ha) Production (MT) Export (MT) Canada 51, , , ,000 50,000 95,000 Australia 327, , , , , ,000 Source: ABARES (Australia), Agriculture and Agri-Food Canada (Canada) According to Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), chickpea output in Australia is estimated at 797,000 MT much higher than 485,000 MT produced last year as well as an average produce of 421,000 MT in the last five years. The rise in output is primarily attributed to 70% rise in acreage to 554,000 hectares as against the planted area of 327,000 hectares in Consequent to the estimated rise in production, Australia is expected to export 700,000 MT, 35% higher than the amount shipped last year. In Canada, area sown under chickpea is estimated to increase sharply as farmers are expected to divert area to chickpea after relatively higher crop returns last year. According to Agriculture and Agri-Food Canada, Canada s production and export of chickpea is expected to double to 200,000 MT and 95,000 MT in US chickpea production is expected to rise by 24% to 120,000 MT in Sowing of dry peas is expected to rise by 42% from in Canada due to a higher than expected returns relative to other crops and low carry-in stocks. Production is estimated to rise from 2.12 million MT in to 2.90 million MT in of which 2.30 million MT may be exported. Dry pea production is expected to double to 0.5 million MT in

8 Tur (Red Gram) and Urad (Black Matpe) Figure 12: Spot Price Movement of Tur Figure 13: Spot Price Movement of Urad Figure 14: Production of Tur Figure 15: Production of Urad Source: Ministry of Agriculture, GOI * Third Advance Estimate Table 6: Trade in Tur (MT) , , , , (April- Sep) , Source: DGFT, GOI Source: Ministry of Agriculture, GOI * Third Advance Estimate Disclaimer: This report has been prepared by the Knowledge Management Department of NCDEX Limited for the purpose of information dissemination. The news reported is from the stated sources and does not necessarily reflect the views of NCDEX. The facts are reported from publications and have not been checked for authenticity. NCDEX and its employees will not be responsible for any decision taken by the reader based on this report and are advised to take independent advise on the commodity(is) dealt in this report. 8 Table 7: Trade in Urad (MT) , , , , (April- Sep) , Source: DGFT, GOI

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

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

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

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

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

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

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

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

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

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

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

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

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

Government of India Ministry of Agriculture & Famers Welfare (Deptt. of Agri., Coopn. & Farmers Welfare) Directorate of Pulses Development Bhopal

Government of India Ministry of Agriculture & Famers Welfare (Deptt. of Agri., Coopn. & Farmers Welfare) Directorate of Pulses Development Bhopal Government of India Ministry of Agriculture & Famers Welfare (Deptt. of Agri., Coopn. & Farmers Welfare) Directorate of Pulses Development Bhopal ***** SUB: ALL INDIA PULSES: CURRENT KHARIF PRODUCTION

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

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

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

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

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

Monthly Report (May 2018)

Monthly Report (May 2018) Monthly Report (May 2018) Commodity Outlook and Situation Analysis Project Normal monsoon predicted, Centre sets target for foodgrain production Backed by forecast of normal monsoon rainfall, the Centre

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

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

Connecting Farmers to Markets FPO update September 2018

Connecting Farmers to Markets FPO update September 2018 Connecting Farmers to Markets FPO update September 2018 Connecting Farmers to Markets 1 28 August 2016 Snapshot 183* FPOs have opened accounts 173 FPOs in the process of opening trading accounts 12 States

More information

Indian Pulses Market.

Indian Pulses Market. Indian Pulses Market Indian Pulses Market India is the largest producer, importer and consumer of pulses, accounting for 25% of global production from 35% of global area under pulses. However, the productivity

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

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

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

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

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

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

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

NCoMM NCML COMMODITY MARKET MONITOR ANSWERS & LUCKY WINNER OF PREVIOUS WEEK S QUIZ WEEKLY ONLINE QUIZ

NCoMM NCML COMMODITY MARKET MONITOR ANSWERS & LUCKY WINNER OF PREVIOUS WEEK S QUIZ WEEKLY ONLINE QUIZ Cotton Sugar Soyben RM Seed Castor seed Turmeric Jeera NCoMM NCML COMMODITY MARKET MONITOR ANSWERS & LUCKY WINNER OF PREVIOUS WEEK S QUIZ NCoMM NCML COMMODITY MARKET MONITOR WEEKLY ONLINE QUIZ HOME Click

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

Government of India s Perspective and Initiatives on Integration of Future Smart Food in Rice-Fallows

Government of India s Perspective and Initiatives on Integration of Future Smart Food in Rice-Fallows Government of India s Perspective and Initiatives on Integration of Future Smart Food in Rice-Fallows Dr. B. Rajender, Joint Secretary (Crops & Oilseeds) Department of Agriculture, Cooperation & Farmers

More information

Pulses & rhythms. Analysing volatility, cyclicality and the cobweb phenomenon in prices

Pulses & rhythms. Analysing volatility, cyclicality and the cobweb phenomenon in prices Pulses & rhythms Analysing volatility, cyclicality and the cobweb phenomenon in prices Analytical contacts Dharmakirti Joshi Chief Economist, CRISIL Ltd dharmakirti.joshi@crisil.com Pankhuri Tandon Economic

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

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

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

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

India: Short-term Responses to Higher Food Prices Simrit Kaur June 30, 2009

India: Short-term Responses to Higher Food Prices Simrit Kaur June 30, 2009 India: Short-term Responses to Higher Food Prices Simrit Kaur June 30, 2009 Faculty of Management Studies University of Delhi India 1 Background: Agrarian Distress 1. Slow growth rate of Indian agriculture

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

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

Economic analysis of arrivals and prices of pulses in Maharashtra state of India

Economic analysis of arrivals and prices of pulses in Maharashtra state of India Economic analysis of arrivals and prices of pulses in Maharashtra state of India Dr. Rachana Patil and Vineel Bhurke Assistant Professor - Rural Management at Welingkar Institute of Management Development

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

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

US DRY BEAN COUNCIL REPORT JULY & AUGUST 2015

US DRY BEAN COUNCIL REPORT JULY & AUGUST 2015 US DRY BEAN COUNCIL REPORT JULY & AUGUST 2015 SHAKUN DALAL C-101 SOMVIHAR APRTMENTS SANGAM MARG, RK PURAM NEW DELHI-110022, INDIA PHONE: 91 11 26184324; CELL: 91 98 71222902 EMAILS:shakundalal@gmail.com

More information

India Agronomics (An agriculture economy update)

India Agronomics (An agriculture economy update) India Agronomics (An agriculture economy update) Agriculture in India has been a way of life and continues to be the single most important source of livelihood for the masses with more than 70% of 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

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

USA DRY BEAN COUNCIL

USA DRY BEAN COUNCIL USA DRY BEAN COUNCIL MONTHLY REPORT MAY-2016 PRESENTED TO USDA/FAS FOOD & GRAIN DIVISION 14 th & 15 th INDEPENDENT AVENUE, SW WASHINGTON, DC PREPARED BY SHAKUN DALAL SD CONSULTANTS C-101 SOMVIHAR, SANGAM

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

Growth and Inclusion: Theoretical and Applied Perspectives

Growth and Inclusion: Theoretical and Applied Perspectives THE WORLD BANK WORKSHOP Growth and Inclusion: Theoretical and Applied Perspectives Session I Food Inflation: Drivers and Policy Implications Subir Gokarn Reserve Bank of India January 12, 212 The Claridges

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

Progress and Potential of Horticulture in India

Progress and Potential of Horticulture in India Ind. Jn. of Agri.Econ. Vol.63, No.3, July-Sept. 2008 SUBJECT I TRIGGERING AGRICULTURAL DEVELOPMENT THROUGH HORTICULTURE CROPS Progress and Potential of Horticulture in India Ramesh Chand, S.S. Raju and

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

PROGRAMMES AND SCHEMES Monsoon and Crop Sowing Situation during Kharif-2012

PROGRAMMES AND SCHEMES Monsoon and Crop Sowing Situation during Kharif-2012 PROGRAMMES AND SCHEMES Monsoon and Crop Sowing Situation during Kharif-2012 As per India Meteorological Department (IMD) data SW Monsoon rainfall for the country as a whole during June- September, 2012

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 09 th February 2015 Rice (Non - Basmati) Domestic Scenario India is the second largest producer of rice in the world after China, contributing to about 21.45 per cent

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

Achieving self sufficiency in pulse production in India

Achieving self sufficiency in pulse production in India Achieving self sufficiency in pulse production in India Towards self sufficiency in pulse production On average, over the last three years Indian s consumed approximately 22 million tonnes of pulses per

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

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

Enhancing Pulses Production on Sustainable Basis

Enhancing Pulses Production on Sustainable Basis Enhancing Pulses Production on Sustainable Basis Dr. B. Rajender, IAS Joint Secretary (Crops) National Food Security Mission (Pulses) Department of Agriculture, Cooperation & Farmers Welfare Ministry of

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

GROWTH OF PRODUCTION AND PRODUCTIVITY OF DIFFERENT PULSES IN JHARKHAND

GROWTH OF PRODUCTION AND PRODUCTIVITY OF DIFFERENT PULSES IN JHARKHAND Journal of Economic and Social Development, Vol. V, No. 1 & 2, 2009 GROWTH OF PRODUCTION AND PRODUCTIVITY OF DIFFERENT PULSES IN JHARKHAND R. P. Singh* and Rupam Renu** The present study indicates that

More information

Growth in area, production and productivity of major crops in Karnataka*

Growth in area, production and productivity of major crops in Karnataka* Karnataka J. Agric. Sci.,25 (4) : (431-436) 2012 Introduction Growth in area, production and productivity of major crops in Karnataka* SARASWATI POUDEL ACHARYA, H. BASAVARAJA, L. B. KUNNAL, S. B. MAHAJANASHETTI

More information

Market arrivals and price volatility of select agricultural commodities in India: A statistical analysis

Market arrivals and price volatility of select agricultural commodities in India: A statistical analysis International Journal of Commerce and Management Research ISSN: 2455-1627, Impact Factor: RJIF 5.22 www.managejournal.com Volume 3; Issue 5; May 2017; Page No. 161-168 Market arrivals and price volatility

More information

International Journal of Commerce and Business Management. Volume 5 Issue 2 October,

International Journal of Commerce and Business Management. Volume 5 Issue 2 October, IJCBM Volume 5 Issue 2 October, 2012 159-163 International Journal of Commerce and Business Management RESEA RCH PAPER Growth trends in area, production and export of onion from India -An economic analysis

More information

WFP India Food Security Bulletin

WFP India Food Security Bulletin Fighting Hunger Worldwide WFP India Food Security Bulletin Quarter 4 (October December 2015) HIGHLIGHTS In 2015-16, food grains production is estimated to be 4.1% less than the target. Despite increase

More information

TPDS, GOI Highlights. Summary and Analysis

TPDS, GOI Highlights. Summary and Analysis TPDS, GOI 2011-12 In order to ensure food security, the Government of India (GOI) provides food subsidy to citizens. The Targeted Public Distribution System (TPDS) is the primary vehicle used for delivery

More information

Excess Rainfall Impact on Agricultural Production & Prices- A Brief Note

Excess Rainfall Impact on Agricultural Production & Prices- A Brief Note Excess Impact on Agricultural & Prices- A Brief Note Does good rains bring down inflation of food commodities? Perhaps it is generally believed that bountiful precipitation during monsoon season is helpful

More information

CANADA: OUTLOOK FOR PRINCIPAL FIELD CROPS December 18, 2017

CANADA: OUTLOOK FOR PRINCIPAL FIELD CROPS December 18, 2017 CANADA: OUTLOOK FOR PRINCIPAL FIELD CROPS December 18, 2017 Market Analysis Group/Grains and Oilseeds Division Sector Development and Analysis Directorate/Market and Industry Services Branch Director:

More information

MAPPING MONSOON ON SUGARCANE PLANTING (SEASON )

MAPPING MONSOON ON SUGARCANE PLANTING (SEASON ) MAPPING MONSOON ON SUGARCANE PLANTING (SEASON 2014-15) Sugarcane planting for the sugar season of 2014-15, is almost completed across the country. Interestingly the total sugarcane acreage in 2014-15 season

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

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

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

Agri Trends 9 May 2017

Agri Trends 9 May 2017 Agri Trends 9 May 2017 Uncertainty about wheat tariff is unfair As soon as a new tariff is taken under consideration, it should first be approved and published in the Government Gazette. When the tariff

More information

EARLY SEASON CROP FORECASTING WITH FASAL ECONOMETRIC MODEL: ITS USEFULNESS BEYOND FORECASTING

EARLY SEASON CROP FORECASTING WITH FASAL ECONOMETRIC MODEL: ITS USEFULNESS BEYOND FORECASTING EARLY SEASON CROP FORECASTING WITH FASAL ECONOMETRIC MODEL: ITS USEFULNESS BEYOND FORECASTING Presented at International Seminar on Approaches and Methodologies for Crop Monitoring and Production Forecasting

More information

Castor Seed &Oil Monthly Research Report

Castor Seed &Oil Monthly Research Report 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)

More information

Growth and Trends of Pulse Production in India

Growth and Trends of Pulse Production in India Journal of Food Legumes 26 (1&2): 86-92, 2013 Growth and Trends of Pulse Production in India M. K. SHARMA, B.V.S. SISODIA and KANHAIYA LAL 1 Department of Agricultural Statistics, N. D. University of Agriculture

More information

ECOWRAP. Be the Bank of Choice for a Transforming India SBI ECOWRAP

ECOWRAP. Be the Bank of Choice for a Transforming India SBI ECOWRAP JULY 02, 2018 ISSUE NO:26, FY19 S O L U T I O N T O R U R A L W O E S : 1.5 TIMES MSP /PRICE SUPPORT / INCOME SUPPORT~WHICH ONE IS BETTER? The rural sector is hit by declining prices. The Agri-GDP deflator

More information

U.S. Trade Deficit and the Impact of Changing Oil Prices

U.S. Trade Deficit and the Impact of Changing Oil Prices U.S. Trade Deficit and the Impact of Changing Oil Prices James K. Jackson Specialist in International Trade and Finance May 9, 2013 CRS Report for Congress Prepared for Members and Committees of Congress

More information

Ritesh Kumar Sahu Analyst (022) (Ext 6165)

Ritesh Kumar Sahu Analyst (022) (Ext 6165) Content News in Brief Chana Sugar Oilseeds Edible Oils Spices Cotton Prepared by Anuj Gupta A.V.P - Research Anuj.gupta@angelbroking.com (011) 49165954 Ritesh Kumar Sahu Analyst riteshkumar.sahu@angelbroking.com

More information

COTTON unfazed by synthetics

COTTON unfazed by synthetics By: Dr P. CHENNAKRISHNAN COTTON unfazed by synthetics Cotton exports from India are on a steady rise year after year. In fact, recently, the Indian government had to ban cotton exports to ensure steady

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

Working Paper No Supporting Indian Farmers: Price Support or Direct Income/Investment Support?

Working Paper No Supporting Indian Farmers: Price Support or Direct Income/Investment Support? Working Paper No. 357 Supporting Indian Farmers: Price Support or Direct Income/Investment Support? Ashok Gulati Tirtha Chatterjee Siraj Hussain April 2018 INDIAN COUNCIL FOR RESEARCH ON INTERNATIONAL

More information

Pest Surveillance for protection against crop pests: Maharashtra reaps good harvest of soybeans and cotton besting pests

Pest Surveillance for protection against crop pests: Maharashtra reaps good harvest of soybeans and cotton besting pests Pest Surveillance for protection against crop pests: Maharashtra reaps good harvest of soybeans and cotton besting pests Background and Objectives Pests can suck your crops if you are not vigilant and

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

PAKISTAN MARKET MONITORING BULLETIN

PAKISTAN MARKET MONITORING BULLETIN PAKISTAN MARKET MONITORING BULLETIN JAN- 2 0 1 2 H i g h l i g h t s General inflation, based on Consumer Price Index (CPI), increased from 9.7 percent in December to 10.10 in January 2012. I N S I D E

More information

CHAPTER - VI PATTERN AND SEASONALITY BEHAVIOUR OF ARRIVALS AND PRICES

CHAPTER - VI PATTERN AND SEASONALITY BEHAVIOUR OF ARRIVALS AND PRICES CHAPTER - VI PATTERN AND SEASONALITY BEHAVIOUR OF ARRIVALS AND PRICES Introduction The behaviour of prices (in terms of price level, trend and fluctuation) is the most important factor in determining the

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

Welcome! Rallis India Limited

Welcome! Rallis India Limited Welcome! Rallis India Limited Q3-12 Performance V Shankar 23 rd January 2012 Rallis Consolidated 3 rd Quarter Crs Q3 2010-11 Q3-12 Net Sales 268.1 317.9 PBT 48.0 12.4 Add Depreciation 4.4 7.2 Add Interest

More information

Labour Scarcity and its implication in India Author: Vikram Yogi (pursuing Ph.D in Agricultural economics from IARI New Delhi.)

Labour Scarcity and its implication in India Author: Vikram Yogi (pursuing Ph.D in Agricultural economics from IARI New Delhi.) Labour Scarcity and its implication in India Author: Vikram Yogi (pursuing Ph.D in Agricultural economics from IARI New Delhi.) In India agriculture is the main sector which has employed a major portion

More information

Indian Horticulture Market Overview

Indian Horticulture Market Overview Indian Horticulture Market Overview Indian Horticulture Market Overview Horticulture crops have a significant third and fourth place with around 7.7% and 7.2%, contribution in the gross domestic respectively,

More information

Weekly Report (First week April 2018)

Weekly Report (First week April 2018) Weekly Report (First week April 2018) Commodity Outlook and Situation Analysis Project Agriculture Ministry to push for farmers' MSP soon The agriculture ministry will soon move a Cabinet note seeking

More information

U.S. Trade Deficit and the Impact of Changing Oil Prices

U.S. Trade Deficit and the Impact of Changing Oil Prices U.S. Trade Deficit and the Impact of Changing Oil Prices James K. Jackson Specialist in International Trade and Finance February 21, 2013 CRS Report for Congress Prepared for Members and Committees of

More information

U.S. Trade Deficit and the Impact of Changing Oil Prices

U.S. Trade Deficit and the Impact of Changing Oil Prices U.S. Trade Deficit and the Impact of Changing Oil Prices James K. Jackson Specialist in International Trade and Finance November 22, 2013 Congressional Research Service 7-5700 www.crs.gov RS22204 Summary

More information

VIII. Price Movements

VIII. Price Movements VIII Price Movements An Overview Annual inflation rate as measured through wholesale price index (WPI) has been lower at 2.97 per cent for the week ending October 26, 2007, based on a point-to-point basis

More information

EASTERN CORN BELT DELAYS CONTINUE, MORE FARM PROGRAM DETAILS

EASTERN CORN BELT DELAYS CONTINUE, MORE FARM PROGRAM DETAILS May 31, 22 Ames, Iowa Econ. Info. 1839 EASTERN CORN BELT DELAYS CONTINUE, MORE FARM PROGRAM DETAILS Corn prices in the next two weeks will continue to be moderately sensitive to weather and planting progress

More information

Online Open Access publishing platform for Management Research. Copyright 2010 All rights reserved Integrated Publishing association

Online Open Access publishing platform for Management Research. Copyright 2010 All rights reserved Integrated Publishing association ASIAN JOURNAL OF MANAGEMENT RESEARCH Online Open Access publishing platform for Management Research Copyright 2010 All rights reserved Integrated Publishing association Review Article ISSN 2229 3795 Emerging

More information

CHAPTER I 1.1 Introduction

CHAPTER I 1.1 Introduction CHAPTER I 1.1 Introduction Pulses in India have long been considered as the poor man s source of protein. Pulses are grown in 22-23 million hectares of area with an annual production of 13-15 million tones

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