
Agriwatch Market Intelligence
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*Agriwatch Services* We offer a comprehensive suite of services to support informed decision-making in the agricultural sector: *Services* - *Customized Reports*: Expertly crafted reports tailored to your specific needs and requirements. - *Consulting Services*: Strategic guidance and advice from experienced professionals. - *Market Intelligence*: In-depth analysis of market trends, dynamics, and forecasts. *Research Capabilities* - *Spot Market Prices*: Real-time pricing information for key commodities. - *Research Reports*: Comprehensive studies on market trends, analysis, and forecasts. - *News & Commentaries*: Expert insights and analysis on market developments. - *Technical Analysis*: Advanced technical analysis for traders and investors. *Contact Information* For more information on our services, please contact us: Avneesh Raman Email : [email protected]
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*Soy Oil Jumps on Global Cues, Biofuel Push* •Soy refined oil prices at Indore rose 5% on Monday to INR 1,200 per 10 kg, tracking strong gains in global markets. U.S. soybean oil futures surged 4.58% to an 18-month high of 52.93 cents/lb, supported by expectations of higher biofuel blending mandates from the EPA and rising crude oil prices amid Israel-Iran tensions. The energy-linked rally boosted sentiment across vegetable oils, including Indian soy oil.

*Palm Oil Prices Jump on Global Rally & Bullish Soy Oil* •CPO prices at Kandla rose 4% to INR 1,100 per 10 kg, tracking a strong rally in Malaysian futures, which hit a seven-week high above MYR 4,050/tonne. The uptrend was driven by firm soyoil prices on global exchanges and rising crude oil amid geopolitical tensions. Malaysian palm oil exports surged 26.3% during June 1–15, while India’s May imports jumped 84% on low stocks and competitive pricing. However, gains were limited by rising inventories and expectations of higher production through September.

*Guatemala Cardamom Market Update – June 2025* *Market Activity:* The domestic cardamom market in Guatemala remains largely inactive. There are currently no significant local purchases or sales taking place. Exporters are not buying at the moment, and only a few middlemen are engaging in small-scale transactions, moving limited volumes of cardamom within the local market. *Weather Conditions:* The rainy season has begun, but much later than expected. Prior to the rains, extended dry conditions severely affected plantations across key growing areas. Many plants have dried out, which may impact flowering and pod development. *Crop Outlook:* The late arrival of rain is a double-edged sword. On one hand, it offers some relief to the stressed crop, and if rainfall continues steadily in the coming weeks, there could be partial recovery. On the other hand, much of the early damage may be irreversible in some fields. The next 30 days are crucial. If rainfall remains consistent and adequate, yields could improve from current expectations. However, if rains are erratic or insufficient, Guatemala may see a repeat of last year’s output levels or even a further decline. *Farmer Sentiment:* Growers are cautious and uncertain. Many are waiting to see how the weather develops before committing resources to maintenance or harvest preparations. *Conclusion:* The Guatemalan cardamom sector is currently at a standstill, with no major movement in trade and a fragile crop situation. Weather developments over the next month will largely determine the fate of the upcoming harvest and market dynamics going forward.

*Tight Supply May Lift Spot Prices Despite Weak Demand* •Despite subdued domestic and international demand, tight turmeric supply conditions could support a potential rise in spot prices.

*WASDE Sees Tight Wheat Supplies in 2025/26, Global Prices May Rise* •As per the latest WASDE report by the USDA, the 2025/26 global wheat outlook points to lower supplies and ending stocks, alongside higher consumption and trade. Supplies are down by 1.2 million tons due to reduced opening stocks in Russia, despite increased production in the EU and India. Consumption is up by 1.8 million tons, led by higher demand in Nigeria, Sudan, and India, while global trade is set to rise by 1.3 million tons with stronger exports from the U.S. and EU. Ending stocks are projected to fall by 3 million tons, mainly in Russia, the U.S., Iraq, and Turkey. This tightening in global supply and firm demand will likely support international wheat prices in the coming weeks.

*Coriander Prices Remain Low Amid Ample Stocks* *Coriander prices are currently at the lower end of the prevailing range, supported by sufficient stock availability. A significant price increase in the near term appears unlikely

*Government Permits Export of Pharma-Grade Sugar* •The Indian government has authorized the export of up to 25,000 metric tonnes per financial year of pharma-grade sugar, classified under a restricted category and capped for licensed pharmaceutical exporters only This special allowance ensures that high‑quality sugar is available for pharmaceutical production without affecting the domestic market.

🌽 *Maize Market Highlight* •Maize prices in North India show weak trends, with gradually increasing summer arrivals from Uttar Pradesh and Punjab putting pressure on prices and sentiment in the key markets. In Punjab quality maize arrivals have been ongoing in the last couple of days, while demand for Bihar-origin maize has weakened as buyers look for more competitively priced alternatives in nearby states. •Overall, the outlook for kharif maize acreage in 2025–26 remains positive. As favorable rainfall patterns and monsoon progress along with higher price realization from the previous season, acreage is expected to increase by 7-9% over last year. Policy support in states like Punjab and Uttar Pradesh, including seed subsidies and procurement incentives, is also expected to boost maize cultivation this season.

*Guar Market Exhibits Steady-to-Bearish Price Trend* •During the previous week, average delivery prices of guar seed remained largely stable, registering a marginal decline of 0.45% to INR 5,061 per quintal, compared to INR 5,084 per quintal in the previous week. •Similarly, the average net prices of guar gum in Jodhpur also remained steady, with a slight decrease of 0.13% to INR 9,704 per quintal, down from INR 9,717 per quintal in the preceding week, mirroring the trend in guar seed prices. •A continued decline in the U.S. oil rig count has reinforced the reduction in crude oil production, thereby dampening export demand for guar gum and contributing to a steady-to-downward price trend in the domestic guar market.

*Tomato price movement update* •Arrivals are hinderedrence and demands from other states have moved the Tomato prices up with the average prices crossing Rs 3000/qtl in Madanapalle and in Kolar in the past week. In other major markets the lower prices rose to a range between Rs 1700 to 2200/qtl and the higher prices were in a range of Rs 3000 to 4000 per quintal."