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December 22, 2008
 
India Feed Weekly: A slight decline seen in wheat acreage (week ended Dec 20, 2008)
 
An eFeedLink Exclusive

 
Price Summary
 
Soymeal rates were around Rs. 12,925 per tonne in Kota market and traded at Delhi spot market with a slightly upward trend at about Rs. 14,300 per tonne as compared to last week's rates.
 
The prices of feed meals - rapeseed extraction, sunflower extraction and groundnut extractions were Rs. 9,600; Rs. 9,300 and Rs. 9,900 per tonne respectively.

Corn from Uttar Pradesh was traded at Rs. 8,200 per tonne and remains almost stagnant in Delhi markets.

Prices of Pearl Millet in Delhi were also a little upward and traded around Rs. 7,300 per tonne.

In Delhi, prices of Ground Nut Extraction (GNE) 40 % and 45 % were traded at Rs. 9,300 and Rs. 9,900 per tonne respectively.

Price of Dry Fodder traded at Rs. 3,600 per tonne. Green Fodder traded at Rs. 16,550 per tonne.
 
 
Market Analysis
 
Progressive area sown under wheat during the current rabi season has declined marginally to 22.958 million hectares against 22.979 million hectares covered during the same period of 2008.
 
According to the Agriculture Ministry's latest Crop Weather Watch Report, acreage have gone up in Punjab (from 3.430 to 3.446 million hectares), Haryana (2.445 to 2.465 million hectares), Rahjasthan (1.909 to 1.982 million hectares) and Bihar (1.057 to 1.252 million hectares), while decreasing in Uttar Pradesh (7.616 t0 7.463 million hectares), Madhya Pradesh (3.224 to 3.216 million hectares), Gujarat (1.195 to 1.012 million hectares) and Maharashtra (0.893 to 0.770 million hectares).
 
Farmers have so far planted more area relative to last year's corresponding levels in most other rabi crops, be it oilseeds, sunflower and sesamum, pulses and cereals etc.
 
Likewise, progressive sowing of gram has increased from 6.885 million hectares to 7.509 million hectares this year, led by Madhya Pradesh (from 6.885 to 2.702 million hectares), Uttar Pradesh (0.599 to 0.885 million hectares) and Karnataka (0.697 to 0.841 million hectares).
 
Tamil Nadu bans poultry feed from West Bengal and Assam
 
In the wake of the bird flu outbreak in West Bengal and Assam, Tamil Nadu has banned import of poultry feed from these states and has also asked neighbouring Andhra Pradesh to ensure that no poultry goods from these states are transported.
 
Check-posts on Hosur-Bangalore highway, Ranipet - Chittoor, Mysore - Sathiyamangalam, Chennai - Kolkata and Tirupati - Chennai highway had been set up to stop poultry feed from being transported into the state.     
 
 
Market Forecast
 
Wheat prices are steady due to good demand amidst increasing supply.
 
Soy prices continue to be firm on good domestic demand from millers and crushers as well as export demand.
 
Mustard prices are steady to weak on subdued trading and steady arrivals. But speculation of low output due to diminished acreage may hike future prices.
 
Groundnut prices are steady to weak on low buying interest. Reduced Rabi acreage and disease infestation in Maharashtra and Gujarat in established crop may push prices.
 
Guar Seed prices are low due to increase in arrivals amid decent demand.
 
Ground Nut Extraction markets are almost at standstill as buyers are reluctant to purchase material.
 
Fodder prices (dry and green) are seen to hike due to scarcity in Green Fodder.
 

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