Grains
Maize: Prices of maize maintained their price levels in the past week because of supply shortage and high demand from South Indian bulk buyers.
Rice: Export price of Indian origin rice dipped slightly from the past week, mainly due to sluggish demand and appreciation in rupee. There are continued anticipations in the market about the possibility of extending 5% export incentive from govt’s end on non-basmati rice.
Barley: Pressure on barley prices during last week due to a rise in arrivals in local markets, we are noticing a slight rise in demand from bulk buyers.
Pulses: April-Feb exports of pulses from India in current season nearly doubled compared to the previous season, India so far has exported 261k tonnes of total pulses, as per Govt. Chana markets continue to react to anticipated lower supplies, with prices continuously rising in the past week as well.
Wheat: Wheat prices continued to fell across key spot markets, due to rising arrivals, overall market sentiments indicate a continuation of depressed prices in coming weeks as most players anticipate big crop this season.
Oilseed :
Soybean: last week soybean prices mostly narrow to stable in the local market. As per the SOPA monthly releases on April, Till March 5.6 MMT soybean have crushed with 7.7MMTsoy bean already arrived in the local market. Plant & Stockist both are having around 2.1 MMT soybean stocks. The total crop was around 10.23 this year it means there is still 2.5 soybean crop with farmers. Soymeal export demand has improved in the month of March but the local crush demand still on the weaker side.
Mustard: Mustard seed futures on NCDEX fell due to reports of a larger crop this year amid huge arrivals of the fresh crop. Mills across the country have crushed 950,000 tn of mustard seed in March, up 18.8% on the year, according to data compiled by the Mustard Oil Producers Association of India. I
Veg Oils: Veg oil rose due to improved buying at lower prices in the domestic market. Prices fell earlier this week due to higher stocks in physical markets while imports also rose. much cheaper import of palm keeps soy oil market in narrow side, RBD olien and soy oil spread is remaining in $120 which may keep trend same as last week. India, March 2019 Veg oils imports sharply increased by 26% to 1446557 Mt compares to 1146051 Mt in March 2018. Soft oils stocks expected to high in the country as Soy oil import in March’19 were 292K MT vs 220K MT last month and Sunflower import 297.8K MT vs 200K MT in last month.
Softs
Sugar: The Indian Sugar Mills Association has estimated sugar production in 2018-19 (Oct-Sep) to be 5.5% lower on year at 30.7 mln tn. Though the overall output is seen lower on year in 2018-19. Prices of medium-grade sugar were up 30 rupees per kg in Kolhapur, Maharashtra, due to demand during the summer from Gujarat and Rajasthan. Meanwhile, prices were steady in Delhi and Mumbai due to demand-supply parity.
Coriander: Lower output and high local demand have continued supporting the market. New crop arrivals is almost completed in the major producing states of Madhya Pradesh, Rajasthan and Gujarat. Market have witnessed some technical correction in the last week while demand is high on fear of lower production this year and poor last year stocks.
Vegetable: Tomato arrivals are down by 19% on year to year which is supporting the prices, Onion prices are surge on lower arrivals, the market is expecting Maharashtra crop is down by around 30% this year which may support prices further. However, new crop arrival begins from the end of April.