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Refined soybean oil (RSO) fundamentals (in `000' tonnes ... - MCX

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DATABANK - NON-AGRI COMMODITIES<br />

DATABANK - AGRI COMMODITIES<br />

<strong>Ref<strong>in</strong>ed</strong> <strong>soybean</strong> <strong>oil</strong> (<strong>RSO</strong>) <strong>fundamentals</strong> (<strong>in</strong> <strong>`000'</strong> <strong>tonnes</strong>)<br />

Country 2011-12e 2010-11 2009-10 2008-09 2007-08 2006-07 2001-02<br />

World<br />

Open<strong>in</strong>g stocks 3,066 3,181 3,120 3,319 3,790 3,446 3,008<br />

Production 43,287 41,872 38,893 35,893 37,826 36,532 28,922<br />

Imports 8,764 9,272 8,704 9,076 10,416 9,928 7,560<br />

Consumption 43,272 41,356 38,279 35,991 37,722 35,473 28,176<br />

Exports 9,364 9,903 9,257 9,177 10,991 10,643 8,229<br />

Total supply 55,117 54,325 50,717 48,288 52,032 49,906 39,490<br />

Clos<strong>in</strong>g stocks 2,481 3,066 3,181 3,120 3,319 3,790 3,085<br />

Area (1000 Ha) 1,04,565 1,03,503 1,02,150 96,356 90,602 94,285 79,466<br />

India<br />

Open<strong>in</strong>g stocks 267 279 103 58 172 76 106<br />

Production 1,570 1,690 1,340 1,287 1,499 1,157 833<br />

Imports 800 1,000 1,598 1,060 733 1,447 1,479<br />

Consumption 2,550 2,700 2,760 2,300 2,330 2,500 2,231<br />

Exports 2 2 2 2 16 8 4<br />

Total supply 2,637 2,969 3,041 2,405 2,404 2,680 2,418<br />

Clos<strong>in</strong>g stocks 85 267 279 103 58 172 183<br />

Area (1000 Ha) 9600 9,400 9,600 9,600 8,800 8,120 6,000<br />

Avg. daily volatility <strong>MCX</strong> spot prices - 0.92% 1.00% 2.31% 0.77% 0.63% -<br />

CBOT price (Rs/10 Kg) - 578 379 376 455 311 177<br />

Indian Price (Rs/10 Kg) - 450 450 593 480 400 -<br />

Note: e - source estimates provided by USDA, data retrieved on July 28, 2011; market year (India): October to September<br />

Source: USDA, Dept. of Agriculture, GOI<br />

<strong>RSO</strong> balance sheet 2011-12e - world (<strong>in</strong> <strong>`000'</strong> <strong>tonnes</strong>)<br />

Supply<br />

Demand<br />

Country Beg<strong>in</strong><strong>in</strong>g Production Imports Consumption Exports End<strong>in</strong>g<br />

stocks<br />

stocks<br />

Argent<strong>in</strong>a 245 7,605 2,497 5,130 223<br />

Brazil 270 7,120 2 5,475 1,660 257<br />

Ch<strong>in</strong>a 175 10,847 1,700 12,450 40 232<br />

EU-27 230 2,412 750 2,840 350 202<br />

India 267 1,570 800 2,550 2 85<br />

US 1,302 8,573 84 8,142 816 1,001<br />

Others 577 5,160 5,428 9,318 1,366 481<br />

Grand Total 3,066 43,287 8,764 43,272 9,364 2,481<br />

Note: e - source estimates provided by USDA, data retrieved on July 28, 2011<br />

Source: USDA<br />

www.mcx<strong>in</strong>dia.com / www.pwc.com/<strong>in</strong>/en<br />

A PwC & <strong>MCX</strong> Jo<strong>in</strong>t Endeavour 187


EDITORIALS<br />

PROLOGUE<br />

EXPERTS' VIEWS<br />

INDIAN ECONOMY<br />

<strong>RSO</strong> fact sheet - BRICS Nations (<strong>in</strong> <strong>`000'</strong> <strong>tonnes</strong>)<br />

Production Import Export Consumption Net Population Per capita Per capita<br />

availability (<strong>in</strong> million) availability consumption<br />

(kg)<br />

(kg)<br />

Brazil 7,120 2 1,660 5,475 7,392 206.47 35.80 26.52<br />

Russia 473 15 170 295 536 137.97 3.88 2.14<br />

2011-12e India 1,570 800 2 2,550 2,637 1,208.36 2.18 2.11<br />

Ch<strong>in</strong>a 10,847 1,700 40 12,450 12,722 1,341.85 9.48 9.28<br />

South Africa 42 260 27 275 302 49.83 6.06 5.52<br />

Brazil 6,890 16 1,625 5,245 7,140 203.43 35.10 25.78<br />

Russia 398 15 130 240 418 138.74 3.01 1.73<br />

2010-11 India 1,690 1,000 2 2,700 2,969 1,189.17 2.50 2.27<br />

Ch<strong>in</strong>a 9,857 1,600 40 11,447 11,662 1,336.72 8.72 8.56<br />

South Africa 38 265 25 278 303 49.00 6.18 5.67<br />

Brazil 6,470 37 1,449 5,060 6,743 201.10 33.53 25.16<br />

Russia 349 17 170 204 379 139.39 2.72 1.46<br />

2009-10 India 1,340 1,598 2 2,760 3,041 1,173.11 2.59 2.35<br />

Ch<strong>in</strong>a 8,726 1,514 77 10,435 10,717 1,330.14 8.06 7.85<br />

South Africa 30 250 23 257 280 49.11 5.70 5.23<br />

Brazil 6,120 6 1,909 4,275 6,420 198.74 32.30 21.51<br />

Russia 266 22 127 226 366 140.04 2.61 1.61<br />

2008-09 India 1,287 1,060 2 2,300 2,405 1,166.08 2.06 1.97<br />

Ch<strong>in</strong>a 7,325 2,494 83 9,486 10,046 1,338.61 7.50 7.09<br />

South Africa 27 172 12 187 199 49.05 4.06 3.81<br />

Brazil 6,160 67 2,388 3,955 6,637 196.34 33.80 20.14<br />

Russia 187 121 10 220 308 140.70 2.19 1.56<br />

2007-08 India 1,499 733 16 2,330 2,404 1,148.00 2.09 2.03<br />

Ch<strong>in</strong>a 7,045 2,727 102 9,693 10,022 1,330.04 7.54 7.29<br />

South Africa 27 218 3 282 285 48.78 5.84 5.78<br />

Brazil 5,970 4 2,462 3,395 6,367 190.01 33.51 17.87<br />

Russia 143 19 5 163 168 141.38 1.19 1.15<br />

2006-07 India 1,157 1,447 8 2,500 2,680 1,129.87 2.37 2.21<br />

Ch<strong>in</strong>a 6,410 2,404 94 8670 9,014 1,321.85 6.82 6.56<br />

South Africa 31 290 1 280 321 44 7.3 6.36<br />

Note: e - source estimates provided by USDA, Data retrived on July 28, 2011, Population figures for 2011-12 is arrived at by calculat<strong>in</strong>g CAGR from 2004-05 to 2010-11;<br />

Source: USDA, World Bank, IFM, CIA World Fact Book<br />

Soybean Oil: End<strong>in</strong>g Stock & Prices<br />

‘000’ <strong>tonnes</strong> Prices<br />

500<br />

India ES World Es(<strong>in</strong> 10s)<br />

80<br />

Int.Pricesa<br />

Mumbai Prices<br />

375<br />

60<br />

250<br />

40<br />

125<br />

20<br />

0<br />

2002-03<br />

2003-04<br />

2004-05<br />

2005-06<br />

2006-07 2007-08 2008-09 2009-10 2010-11<br />

0<br />

Source:Agmarknet & USDA. ES - end<strong>in</strong>g stock, Indian prices Rs/kg, Int. prices Rs/kg<br />

188 Commodity Insights Yearbook 2011


DATABANK - NON-AGRI COMMODITIES<br />

DATABANK - AGRI COMMODITIES<br />

Data of top 5 countries (<strong>`000'</strong> <strong>tonnes</strong>)<br />

Production<br />

2006-07<br />

2007-08<br />

2008-09<br />

2009-10<br />

2010-11<br />

2011-12e<br />

0<br />

10,000 20,000 30,000 40,000<br />

50,000<br />

Ch<strong>in</strong>a United States Argent<strong>in</strong>a Brazil EU-27 Others<br />

Note: e - source estimates, Source: USDA<br />

2006-07<br />

2007-08<br />

2008-09<br />

2009-10<br />

2010-11<br />

2011-12e<br />

Imports<br />

0<br />

2,000<br />

4,000<br />

6,000<br />

8,000<br />

Ch<strong>in</strong>a India EU-27 Algeria Iran Other<br />

Note: e - source estimates, Source: USDA<br />

10,000<br />

12,000<br />

Exports<br />

2006-07<br />

2007-08<br />

2008-09<br />

2009-10<br />

2010-11<br />

2011-12e<br />

0<br />

2,000<br />

4,000<br />

6,000<br />

8,000<br />

Argent<strong>in</strong>a Brazil United States EU-27 Paraguay Others<br />

Note: e - source estimates, Source: USDA<br />

10,000<br />

12,000<br />

2006-07<br />

2007-08<br />

2008-09<br />

2009-10<br />

2010-11<br />

2011-12e<br />

Consumption<br />

0<br />

10,000 20,000 30,000 40,000<br />

50,000<br />

Ch<strong>in</strong>a United States Brazil EU-27 India Others<br />

Note: e - source estimates, Source: USDA<br />

www.mcx<strong>in</strong>dia.com / www.pwc.com/<strong>in</strong>/en<br />

A PwC & <strong>MCX</strong> Jo<strong>in</strong>t Endeavour 189


EDITORIALS<br />

PROLOGUE<br />

EXPERTS' VIEWS<br />

INDIAN ECONOMY<br />

<strong>Ref<strong>in</strong>ed</strong> <strong>soybean</strong> <strong>oil</strong> prices and trad<strong>in</strong>g activity<br />

<strong>MCX</strong> futures prices (Rs/10 Kg)<br />

Month Open High Low Close Volume <strong>in</strong> lots^ Open Interest<br />

<strong>in</strong> lots^^<br />

Dec-10 571.9 635.5 571.9 632.75 6699 255<br />

Nov-10 532 582.75 526.9 569 4817 339<br />

Oct-10 486.1 540.8 475 530.8 5906 477<br />

Sep-10 484.1 503.25 471.65 488.7 6871 345<br />

Aug-10 492.2 518.5 480.5 485.75 16966 682<br />

Jul-10 443.2 491.4 436.15 489.9 8881 864<br />

Jun-10 450.3 450.9 436 443.25 4484 301<br />

May-10 448.7 456.55 439.6 449 9208 806<br />

Apr-10 447.4 453 440.5 449.65 12105 999<br />

Mar-10 459.4 462.9 447.6 448.1 15475 1137<br />

Feb-10 440.5 464.1 440.0 459.4 14526 1047<br />

Jan-10 485.0 493.5 443.0 443.5 20354 1278<br />

Dec-09 500.0 505.4 465.3 484.1 29839 1109<br />

Nov-09 450.0 509.5 446.6 500.3 36624 1165<br />

Oct-09 434.0 455.9 417.1 450.0 34266 1469<br />

Sep-09 458.0 464.2 421.0 435.4 33718 1521<br />

Aug-09 452.6 484.0 452.0 458.2 25897 946<br />

Jul-09 478.0 478.6 438.0 452.4 29038 751<br />

Jun-09 499.1 503.8 467.2 477.3 26285 1241<br />

May-09 495.3 526.7 480.0 494.3 33557 1630<br />

Apr-09 450.5 519.4 449.7 495.3 32028 1240<br />

Mar-09 451.9 464.2 438.0 447.2 27676 1192<br />

Feb-09 455.0 471.0 435.9 451.8 25230 2187<br />

Jan-09 473.8 520.0 454.6 457.0 33721 2526<br />

Dec-08 457.0 478.7 438.4 470.0 19477 1858<br />

Nov-08 N/A N/A N/A N/A N/A N/A<br />

Oct-08 N/A N/A N/A N/A N/A N/A<br />

Sep-08 N/A N/A N/A N/A N/A N/A<br />

Aug-08 N/A N/A N/A N/A N/A N/A<br />

Jul-08 N/A N/A N/A N/A N/A N/A<br />

Jun-08 N/A N/A N/A N/A N/A N/A<br />

May-08 N/A N/A N/A N/A 4856 1728<br />

Apr-08 570.2 586.8 563.8 583.3 48162 1555<br />

Mar-08 571.4 594.5 542.9 570.2 107951 2868<br />

Feb-08 678.0 725.7 584.9 589.0 79864 3752<br />

Jan-08 588.0 671.3 587.5 671.2 95697 4446<br />

Dec-07 551.3 595.8 550.9 587.0 69720 3916<br />

Nov-07 531.7 558.0 523.6 550.8 83184 4568<br />

Oct-07 508.3 540.5 496.0 532.2 84054 5206<br />

Sep-07 485.4 510.6 476.0 505.2 62809 4795<br />

Aug-07 478.0 497.9 474.6 487.1 66662 4196<br />

Jul-07 506.5 507.2 474.0 479.2 92430 4683<br />

Jun-07 496.7 510.9 491.0 505.6 94699 4583<br />

May-07 485.2 497.9 479.0 496.6 85738 4382<br />

Apr-07 489.1 496.3 469.1 486.7 85188 5204<br />

Mar-07 469.8 491.6 469.0 488.3 83427 5427<br />

Feb-07 443.0 469.7 435.9 468.4 68630 4881<br />

Jan-07 453.2 455.2 432.2 443.2 92888 4579<br />

Dec-06 466.7 473.6 446.7 452.2 104632 4609<br />

Nov-06 465.0 477.2 447.5 468.7 134142 6558<br />

Oct-06 427.7 475.1 424.9 465.6 64930 4665<br />

Sep-06 422.1 433.0 416.1 429.0 79548 2574<br />

Aug-06 438.0 440.9 418.3 423.0 102580 3199<br />

Jul-06 428.0 455.1 427.3 436.2 60904 2316<br />

Jun-06 408.1 433.5 399.5 429.6 42389 2437<br />

May-06 414.0 417.6 398.4 406.9 66688 4363<br />

Apr-06 422.5 426.0 406.2 413.9 64534 2762<br />

Note: ^Aggregate volume <strong>in</strong> all contracts dur<strong>in</strong>g the month; ^^Cumulative open <strong>in</strong>terest <strong>in</strong> all contracts at the end of month; Trad<strong>in</strong>g suspended between May 08 to Dec 08; N/A - Not available,<br />

Source: The M<strong>in</strong>istry of Commerce and Industry; Exchanges' websites<br />

190 Commodity Insights Yearbook 2011


DATABANK - NON-AGRI COMMODITIES<br />

DATABANK - AGRI COMMODITIES<br />

<strong>MCX</strong> spot prices - Indore (Rs/10 Kg) Other market CBOT futures<br />

Monthly Month High Month Low spot prices - WPI of Clos<strong>in</strong>g price Volume Open <strong>in</strong>terest<br />

Average Mumbai <strong>RSO</strong> (cents/pound) <strong>in</strong> lots^ <strong>in</strong> lots^^<br />

(Rs/10 kg)<br />

584.0 626.2 567.4 614.0 126.5 57.7 2,242,986 358,042<br />

555.0 574.8 518.2 557.6 125.2 50.7 2,313,891 326,408<br />

506.6 526.3 470.9 500.4 121.7 49.3 1,588,915 352,772<br />

480.7 492.0 470.0 474.3 120.8 44.7 1,561,754 315,355<br />

496.6 512.1 483.3 482.5 120.6 39.5 1,646,780 260,040<br />

459.6 484.1 437.6 444.4 119.5 39.8 1,713,903 283,462<br />

441.5 449.6 437.8 421.0 119.0 36.3 2,198,238 293,070<br />

448.1 453.3 443.5 420.5 118.8 37.6 1,224,385 325,947<br />

446.1 450.0 441.7 421.2 119.0 38.6 1,909,897 278,039<br />

455.4 461.0 450.7 438.3 117.5 38.3 1,414,232 283,263<br />

456.4 463.0 441.8 440.5 117.4 39.3 1,787,054 279,876<br />

468.7 488.0 445.2 450.9 118.2 36.2 1,184,364 245,355<br />

485.0 502.1 473.1 470.6 119.5 40.4 1,554,533 210,781<br />

470.7 504.4 443.7 454.6 116.6 40.2 1,527,138 256,432<br />

434.8 447.2 420.9 420.0 114.5 36.4 1,342,334 235,314<br />

434.5 448.1 429.6 423.5 114.7 34.0 1,217,988 209,594<br />

465.5 476.0 447.7 451.5 117.1 35.0 1,400,423 229,215<br />

452.4 468.3 438.2 434.7 117.4 35.1 1,537,569 251,364<br />

474.6 485.4 463.8 455.9 119.5 35.0 1,993,454 241,726<br />

496.2 518.1 480.8 470.4 119.4 39.1 1,191,159 230,614<br />

489.0 507.0 465.7 470.1 119.3 36.2 1,414,682 200,649<br />

453.3 462.0 445.9 447.5 119.7 33.6 1,189,876 207,505<br />

465.1 475.7 450.7 441.2 120.2 30.9 1,518,553 211,794<br />

493.0 514.3 468.4 481.8 121.3 32.7 1,211,893 208,505<br />

483.1 498.8 456.5 467.1 124.1 33.3 1,455,913 208,108<br />

443.4 488.8 387.8 434.9 123.6 32.6 1,252,370 241,056<br />

509.9 578.3 476.5 497.1 127.1 33.6 1,396,847 253,519<br />

584.9 606.3 563.7 564.9 130.1 44.0 1,441,656 247,229<br />

613.6 637.4 597.5 592.8 130.6 53.4 1,386,920 252,080<br />

680.2 704.1 637.0 654.4 130.4 58.3 1,624,174 246,175<br />

683.1 709.5 648.6 659.5 129.6 66.0 1,567,629 258,997<br />

611.8 652.5 570.5 602.0 127.9 61.3 1,106,828 252,276<br />

574.1 589.7 565.9 576.9 129.5 57.7 1,551,109 263,931<br />

666.9 725.9 606.9 676.7 130.8 51.5 1,291,023 283,980<br />

607.2 669.2 583.1 616.2 126.2 68.2 1,541,373 301,932<br />

574.1 588.8 548.0 593.1 124.3 53.7 1,294,663 283,859<br />

533.1 550.1 522.0 550.0 120.5 48.9 1,337,864 291,089<br />

518.8 535.2 499.5 530.2 118.2 45.6 1,288,911 308,026<br />

487.3 507.4 476.3 496.3 116.6 42.3 1,213,635 291,463<br />

481.5 490.4 473.8 489.8 115.2 39.5 947,459 278,132<br />

487.7 503.7 473.7 492.3 115.6 36.5 1,092,034 262,507<br />

499.6 507.7 490.1 503.5 115.3 37.8 1,115,308 297,131<br />

485.2 490.1 480.4 485.3 114.2 36.6 1,442,726 293,689<br />

484.8 494.2 475.5 485.0 113.9 35.7 805,278 316,781<br />

479.7 488.4 469.7 483.1 113.0 33.4 1,218,347 304,326<br />

445.1 463.5 433.1 462.4 107.3 32.5 764,997 317,340<br />

437.8 448.5 428.3 455.8 106.5 30.3 1,091,931 285,130<br />

453.8 460.1 444.6 474.5 107.4 29.3 704,802 261,714<br />

455.4 463.6 443.3 471.3 106.3 29.3 857,922 260,307<br />

444.2 469.7 420.5 462.3 104.2 29.2 1,018,050 286,888<br />

423.1 426.7 420.2 430.8 104.1 26.8 938,242 261,414<br />

428.3 436.6 419.0 439.9 104.3 23.8 729,122 248,970<br />

433.7 442.1 423.5 446.6 103.5 25.2 816,795 257,433<br />

411.1 422.8 397.0 424.5 100.6 26.7 803,595 281,211<br />

401.9 408.6 395.6 412.8 98.8 26.4 1,024,547 240,817<br />

412.0 417.4 407.2 412.7 97.8 25.2 688,808 249,518<br />

393.1 415.4 369.9 395.4 95.9 25.5 866,900 238,374<br />

WPI - Wholesale Price Index; Future prices are for near month cont<strong>in</strong>uos futures contract.<br />

www.mcx<strong>in</strong>dia.com / www.pwc.com/<strong>in</strong>/en<br />

A PwC & <strong>MCX</strong> Jo<strong>in</strong>t Endeavour 191


EDITORIALS<br />

PROLOGUE<br />

EXPERTS' VIEWS<br />

INDIAN ECONOMY<br />

Soybean <strong>fundamentals</strong> - World and India (<strong>in</strong> <strong>`000'</strong> <strong>tonnes</strong>)<br />

Country 2011-12e 2010-11 2009-10 2008-09 2007-08 2006-07 2001-02<br />

World<br />

Beg<strong>in</strong>n<strong>in</strong>g stocks 65,875 59,346 42,676 51,483 62,235 53,376 33,939<br />

Production 2,61,453 2,63,693 2,60,838 2,11,960 2,20,469 2,36,233 1,84,815<br />

Imports 94,866 89,820 86,801 77,376 78,111 69,063 54,385<br />

Consumption 2,62,651 2,54,192 2,38,320 2,21,301 2,30,557 2,25,576 1,84,472<br />

Exports 97,576 92,792 92,649 76,842 78,775 70,861 52,899<br />

Net Availability 4,22,194 4,12,859 3,90,315 3,40,819 3,60,815 3,58,672 2,73,139<br />

End<strong>in</strong>g Stocks 61,967 65,875 59,346 42,676 51,483 62,235 35,768<br />

Area (1000 Ha) 1,04,565 1,03,503 1,02,150 96,356 90,602 94,285 79,466<br />

Yield (MT/Ha) 2.50 2.55 2.55 2.20 2.43 2.51 2.33<br />

India<br />

Beg<strong>in</strong>n<strong>in</strong>g stocks 600 1,695 766 146 218 75 134<br />

Production 9800 9,600 9,700 9,100 9,470 7,690 5,400<br />

Imports 0 0 0 0 0 0 0<br />

Consumption 10125 10,685 8,761 8,425 9,530 7,546 5,377<br />

Exports 10 10 10 55 12 1 1<br />

Net Availability 10,400 11,295 10,466 9,246 9,688 7,765 5,534<br />

End<strong>in</strong>g Stocks 265 600 1,695 766 146 218 156<br />

Area (1000 Ha) 9600 9,400 9,600 9,600 8,800 8,120 6,000<br />

Yield (MT/Ha) 1.02 1.02 1.01 0.95 1.08 0.95 0.90<br />

Avg daily volatility <strong>MCX</strong> spot prices - 1.03% 2.20%* 1.04%^ 1.07% 0.83% -<br />

CBOT price (Rs/qntl) - 2,475 1,664 1,901 1,891 1,303 915<br />

India, Madhya Pradesh Price (Rs/qntl) - 2,195 1,905 2,188 2,121 1,405 1,018<br />

MSP Soyabean Black (Rs. /qtl) 1650 1400 1350 1350 910 900 795<br />

MSP Soyabean Yellow (Rs. /qtl) 1690 1440 1390 1390 1050 1020 885<br />

Note: e - source estimates provided by USDA, data retrieved on July 28, 2011; market year (India): October to September; *: volatility calculated for the period from 9/9/2009 to<br />

31/3/2010; ^: Volatility calculated for the period from 4/1/2008 to 9/22/2008;<br />

Source: USDA, Dept. of Agriculture, GOI, Agmarknet<br />

Soybean state-wise area and production<br />

Area (<strong>`000'</strong> Hectares)<br />

Production ( <strong>`000'</strong> Tonnes)<br />

States/ UT 2009-10 2008-09 2007-08 2006-07 2001-02 2009-10 2008-09 2007-08 2006-07 2001-02<br />

Madhya Pradesh 5350 5124 5024 4757 4450 6406 5850 5481 4785 3735<br />

Maharashtra 3019 3063 2664 2521 1105 2197 2757 3976 2892 1386<br />

Rajasthan 778 830 798 641 656 915 806 1071 771 716<br />

Andhra Pradesh 156 142 88 103 19 129 194 173 156 20<br />

Karnataka 26 134 113 131 48 82 91 97 94 40<br />

Others 405 218 195 176 65 236 208 171 153 67<br />

Source: USDA, Dept. of Agriculture, GOI<br />

192 Commodity Insights Yearbook 2011


DATABANK - NON-AGRI COMMODITIES<br />

DATABANK - AGRI COMMODITIES<br />

Data of top 5 countries (<strong>`000'</strong> <strong>tonnes</strong>)<br />

Area harvested<br />

2006-07<br />

2007-08<br />

2008-09<br />

2009-10<br />

2010-11<br />

2011-12e<br />

0<br />

20,000 40,000 60,000 80,000 100,000 120,000<br />

United States Brazil Argent<strong>in</strong>a <strong>in</strong>dia Ch<strong>in</strong>a Others<br />

Note: e - source estimates; Source: USDA<br />

Production<br />

2006-07<br />

2007-08<br />

2008-09<br />

2009-10<br />

2010-11<br />

2011-12e<br />

0<br />

50,000 100,000 200,000 250,000<br />

300,000<br />

United States Brazil Argent<strong>in</strong>a Ch<strong>in</strong>a India Others<br />

Note: e - source estimates; Source: USDA<br />

Consumption<br />

2006-07<br />

2007-08<br />

2008-09<br />

2009-10<br />

2010-11<br />

2011-12e<br />

0<br />

50,000 100,000 200,000 250,000<br />

300,000<br />

Ch<strong>in</strong>a United States Argent<strong>in</strong>a Brazil EU-27 Other<br />

Note: e - source estimates; Source: USDA<br />

Exports<br />

2006-07<br />

2007-08<br />

2008-09<br />

2009-10<br />

2010-11<br />

2011-12e<br />

0<br />

20,000 40,000 60,000 80,000 100,000 120,000<br />

United States Brazil Argent<strong>in</strong>a Paraguay Canada Others<br />

Note: e - source estimates; Source: USDA<br />

Imports<br />

2006-07<br />

2007-08<br />

2008-09<br />

2009-10<br />

2010-11<br />

2011-12e<br />

0<br />

20,000 40,000 60,000 80,000 100,000 120,000<br />

Ch<strong>in</strong>a EU-27 Mexico Japan Taiwan Others<br />

Note: e - source estimates; Source: USDA<br />

www.mcx<strong>in</strong>dia.com / www.pwc.com/<strong>in</strong>/en<br />

A PwC & <strong>MCX</strong> Jo<strong>in</strong>t Endeavour 193


EDITORIALS<br />

PROLOGUE<br />

EXPERTS' VIEWS<br />

INDIAN ECONOMY<br />

Soybean All-India sow<strong>in</strong>g progress dur<strong>in</strong>g kharif (<strong>in</strong> lakh ha)<br />

Average Area Sown reported Change vis-a vis prev year<br />

Date area <strong>in</strong> As on date % of average Same period Absolute %<br />

kharif<br />

last year<br />

1-Oct-10 84 93.34 111.1 95.82 -2.5 -2.9<br />

24-Sep-10 84 93.34 111.1 95.82 -2.5 -2.9<br />

10-Sep-10 84 93.33 111.1 94.92 -1.6 -2.3<br />

3-Sep-10 84 93.29 111.11 95.08 -1.8 -2.1<br />

20-Aug-10 84 91.81 109.3 93.82 -2 -2.3<br />

13-Aug-10 84 90.72 108 93.77 -3 -2.1<br />

6-Aug-10 84 89.72 106.8 93.68 -4 -1.6<br />

30-Jul-10 84 85.34 101.6 90.73 -5.4 -2.4<br />

23-Jul-10 84 80.28 95.6 81.53 -1.3 -5.1<br />

16-Jul-10 84 61.07 72.7 60.31 0.8 1.3<br />

9-Jul-10 84 34.24 40.8 31.62 2.6 8.3<br />

2-Jul-10 84 12.13 14.4 2.88 9.2 321.1<br />

23-Oct-09 78.09 96.12 123.1 96.35 -0.2 -0.2<br />

16-Oct-09 78.09 96.12 123.1 96.53 -0.2 -0.2<br />

9-Oct-09 78.09 96.12 123.1 96.44 -0.3 -0.3<br />

1-Oct-09 78.09 96.05 123 96.24 -0.2 -0.2<br />

11-Sep-09 78.09 95.2 121.9 95.63 -0.4 -0.5<br />

4-Sep-09 78.09 94.96 121.6 95.38 -0.4 -0.4<br />

28-Aug-09 78.09 94.95 121.6 95.19 -0.2 -0.3<br />

13-Aug-09 78.09 93.77 120.1 92.78 1 1.1<br />

7-Aug-09 78.09 93.68 120 91.31 2.4 2.6<br />

31-Jul-09 78.09 90.74 116.2 87.75 3 3.4<br />

24-Jul-09 78.09 85.1 109 85.41 -0.3 -0.4<br />

17-Jul-09 78.09 71.35 91.4 72.37 -1 -1.4<br />

10-Jul-09 78.09 31.62 40.5 53.99 -22.4 -41.4<br />

26-Jun-09 78.09 1.63 2.1 8.11 -6.5 -79.9<br />

21-Jun-09 78.09 94.49 121 94.13 0.4 0.4<br />

19-Jun-09 78.09 1.14 1.5 1.03 0.1 10.7<br />

10-Oct-08 72.54 96.44 132.9 87.6 8.8 10.1<br />

3-Oct-08 72.54 96.24 132.7 87.6 8.6 9.9<br />

26-Sep-08 72.54 96.24 132.7 87.6 8.6 9.9<br />

19-Sep-08 72.54 95.63 131.8 87.46 8.2 9.3<br />

12-Sep-08 72.54 95.63 131.8 87.28 8.4 9.6<br />

5-Sep-08 72.54 95.39 131.5 87.26 8.1 9.3<br />

29-Aug-08 72.54 95.19 131.2 87.2 8 9.2<br />

22-Aug-08 72.54 94.12 129.7 86.84 7.3 8.4<br />

8-Aug-08 72.54 91.29 125.8 83.26 8 9.6<br />

1-Aug-08 72.54 87.7 120.9 79.37 -9.5 -17.1<br />

25-Jul-08 72.54 85.35 117.7 77.79 7.6 9.7<br />

18-Jul-08 72.54 64.98 89.6 54.89 10.1 18.4<br />

11-Jul-08 72.54 53.99 74.4 43.92 10.1 22.9<br />

4-Jul-08 72.54 24.82 34.2 22.07 2.8 12.5<br />

26-Oct-07 65.98 87.64 132.8 81.2 6.4 7.9<br />

28-Sep-07 65.98 87.64 132.8 81.15 6.5 9<br />

14-Sep-07 65.98 87.48 132.6 80.97 6.5 8<br />

31-Aug-07 65.98 87.24 132.2 79.86 7.4 9.2<br />

17-Aug-07 65.98 86.07 130.4 79.55 6.5 15.1<br />

20-Jul-07 65.98 71.67 108.6 67.45 4.2 6.3<br />

6-Jul-07 65.98 14.8 22.4 9.23 5.6 60.3<br />

Source: Department of Agriculture Cooperation<br />

194 Commodity Insights Yearbook 2011


DATABANK - NON-AGRI COMMODITIES<br />

DATABANK - AGRI COMMODITIES<br />

Soybean State-wise monthly arrivals (<strong>in</strong> <strong>`000'</strong> <strong>tonnes</strong>)<br />

Month Andhar Pradesh Madhya Pradesh Rajasthan Karnataka Maharashtra<br />

Mar-11 0.04 163.07 15.43 0.41 27.69<br />

Feb-11 4.94 371.01 46.45 1.69 56.68<br />

Jan-11 13.54 702.46 82.05 0.67 102.73<br />

Dec-10 44.80 1268.05 176.42 2.56 182.83<br />

Nov-10 37.71 1501.63 185.80 2.27 211.53<br />

Oct-10 59.72 2005.12 294.00 3.91 218.02<br />

Sep-10 1.79 368.51 40.23 1.18 25.78<br />

Aug-10 0.16 284.44 40.94 1.76 39.85<br />

Jul-10 0.05 368.04 43.86 2.37 38.86<br />

Jun-10 0.35 274.91 21.12 2.18 48.47<br />

May-10 N/A 152.90 10.71 1.65 50.57<br />

Apr-10 0.43 107.67 10.65 1.78 45.58<br />

Mar-10 0.21 102.39 4.64 1.73 30.62<br />

Feb-10 0.12 188.37 6.72 1.30 30.82<br />

Jan-10 0.03 314.69 13.70 1.95 52.99<br />

Dec-09 0.15 754.96 58.14 1.18 91.30<br />

Nov-09 0.49 1582.04 151.40 1.33 136.39<br />

Oct-09 4.15 1603.58 119.33 3.78 84.65<br />

Sep-09 0.12 161.12 6.10 0.13 9.26<br />

Aug-09 0.41 215.46 6.76 0.17 16.47<br />

Jul-09 0.01 66.72 10.41 0.25 16.48<br />

Jun-09 0.05 51.10 15.70 0.45 19.62<br />

May-09 0.04 178.10 11.94 0.68 41.42<br />

Apr-09 0.13 328.90 16.12 1.56 58.20<br />

Mar-09 0.13 18.87 12.21 1.58 41.26<br />

Feb-09 0.39 33.37 15.47 1.59 46.28<br />

Jan-09 1.00 79.25 44.69 3.98 93.48<br />

Dec-08 1.17 55.27 56.20 0.72 123.71<br />

Nov-08 1.68 64.35 76.81 1.86 142.15<br />

Oct-08 0.99 51.60 51.38 3.06 75.68<br />

Sep-08 N/A 10.46 3.76 1.24 2.73<br />

Aug-08 N/A 5.69 3.46 0.45 1.38<br />

Jul-08 0.03 28.17 8.25 0.44 3.35<br />

Jun-08 0.06 29.91 14.31 0.48 7.36<br />

May-08 0.04 7.39 7.73 0.33 11.40<br />

Apr-08 0.03 6.00 5.59 0.47 9.50<br />

Mar-08 0.04 8.35 8.25 0.54 11.39<br />

Feb-08 0.50 30.07 19.92 1.39 38.29<br />

Jan-08 0.00 44.35 27.82 3.12 64.78<br />

Dec-07 0.73 75.05 47.42 1.77 95.96<br />

Nov-07 4.42 175.37 111.03 5.99 184.60<br />

Oct-07 12.54 233.80 183.65 4.95 222.94<br />

Sep-07 1.00 17.04 3.44 0.94 5.03<br />

Aug-07 N/A 18.01 2.39 0.24 2.98<br />

Jul-07 0.00 45.05 4.81 0.50 5.23<br />

Jun-07 6.86 42.99 6.42 0.30 8.72<br />

May-07 4.57 24.15 3.66 0.14 7.68<br />

Apr-07 2.21 25.95 3.52 0.40 11.89<br />

Mar-07 2.89 41.74 6.22 0.93 17.09<br />

Feb-07 5.43 85.70 11.02 0.55 24.04<br />

Jan-07 10.17 123.09 18.77 0.30 46.47<br />

Dec-06 12.21 135.18 35.38 3.08 57.06<br />

Nov-06 49.97 480.06 100.15 4.24 213.15<br />

Oct-06 56.42 232.84 80.67 7.40 146.77<br />

Sep-06 4.51 33.12 4.96 2.50 3.57<br />

Aug-06 2.15 32.99 4.37 0.37 3.77<br />

Jul-06 7.84 100.38 6.86 0.32 4.15<br />

Jun-06 0.01 69.79 7.38 0.41 8.39<br />

May-06 0.22 52.62 4.23 0.08 9.71<br />

Apr-06 0.34 46.21 4.94 0.30 23.22<br />

Note: N/A - Not Available<br />

Source: Dept. of Agriculture, GOI<br />

www.mcx<strong>in</strong>dia.com / www.pwc.com/<strong>in</strong>/en<br />

A PwC & <strong>MCX</strong> Jo<strong>in</strong>t Endeavour 195

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