The summer (Kharif) crop sowing has improved as compared to last season due to timely widespread rainfalls across the India. As on 14thAug 2020 the total summer crops has been sown on 101.558 million hectare area against 93.57 million hectare area during the corresponding period of last year. An increase in area coverage by 8.54 % compared to last year in the country. As a whole, there is no impact of COVID-19 on progress of area coverage under summer (kharif) crops as on date.
As per the sowing data released by GOI on 14thAugust 2020, the area under oilseeds increased by 14.41% to 18.714 million hectare vs 16.357 million hectare during the same period previous season. In Soybean the farmers have sowed 11.8995 million hectare which is up by 6.76% vs 11.1457 million hectare planted in the same week in the previous season. The Soybean sowing area in Maharashtra state has increased by 8.98% whereas as soybean sowing area in Telangana states has come down by 7.87%. Also the area under groundnut sowing is up by 41.02% i.e 4.937 million hectare vs 3.501 million hectare as compared the same week last season. In Gujarat state the sowing area of soybean and groundnut make a remarkable increase this season. This season highest increase in summer sowing was recorded in oils seeds (14.41%), paddy (14.05%), & pulses (2.07%) because of the timely widespread rains, good soil moisture and well availability of labour in villages due to Covid. States wise sowing of soybean as below:
|Area in Million Hectare|
|Soybean sowing||As on 14th Aug 2020||Change|
In India the soybean prices opened +ve today taking cues from International markets. Though in MDEX palm traded firm and also soft oils remains firm. The rapeseed also remains firm to +ve in future exchange and traded up by 1.89% due to firm demand for Kachi ghani oil.
The soybean prices opened flat to positive. Soybean is trading at INR 37,380 against yesterday closed at INR 37,180 and today traded high by 0.75 % in the future exchange.
In India the demand of meat & poultry products are still weak. Higher carry over stock of soybean and increased sowing weigh on the soybean prices.
|State||Plant Price (in INR-PMT)*|
|As per moisture condition||*+GST 5%|
Soybean meal prices opened flat to +ve today. Soybean meal prices range INR 29,000-32,000+ GST across India. The reseller are quoting soybean meal cheaper for some of the processors material by INR 100-200 PMT.
The meal demand is limited and the feed mfgs/poultry farmers are buying soybean meal as per their requirements & even though the poultries/feed mfgs have a limited stocks in their hand.
The meal demand also remains weak due to the prospects of bumper sowing of soybean this season due to timely good rains & huge carry over weigh on soybean as well as meal.
Sunflower meal prices open firm again today taking cues from international markets. The Sunflower meal pellet prices quoted by importers are in range INR 22,800- 23,800 PMT + GST ex Tuticorin port & INR 22,800-23,300 ex Vizag port. The firm demand from buyers in range INR 22,700-800 PMT but importers stick to their prices.
The rapeseed meal prices also remain flat in the domestic market.
|State||Plant Price (in INR-PMT)*|
|*+GST 5%||Moral condition|
|Soybean Meal Ex-Kandla Port|
|Port||Meal Price PMT|
|Kandla-FAS (in USD/PMT)||418|
In the last 24 hours, moderate to heavy rainfall observed at WB, Sikkim, east MP, Chhattisgarh, south Rajasthan, north Gujarat, Telangana, interior & costal Karnataka.
Light to moderate rains observed at Bihar, Jharkhand, Uttarakhand, UP, east & west Rajasthan, some area of MP & Gujarat, central Maharashtra, AP, Rayalaseema, Odisha & Kerala.
A cyclonic circulation is seen over northeast India and also over south Rajasthan & Gujarat .
Within next 24 hours moderate to heavy rainfall may be expected over WB, Sikkim, south east Rajasthan, Gujarat, Chhattisgarh, some parts of Maharashtra, Telangana, AP & Odisha ,interior &costal Karnataka
Light to moderate rainfall may be expected over Assam, AP, Bihar, Jharkhand, UP, Uttarakhand, & Kerala.