Category Archives: Prices

U.S. Futures Daily Cotton Market – 4th February, 2016

05 Friday Feb 2016

Posted by in CHINA, Current Affairs, Economics, Farmers, INDIA, INTERNATIONAL NEWS, NATIONAL NEWS, Prices, USA

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Contract Open * High Low Close * Settle Change
Mar ’16 61.89 61.89 59.99 60.28 60.23 -1.71
May ’16 62.34 62.37 60.42 60.77 60.70 -1.71
  Jul ’16 62.79 62.80 60.98 61.36 61.27 -1.50
Oct ’16 0 0 0 0 60.91 -1.41
Dec ’16 62.50 62.55 60.90 61.33 61.26 -1.36
� Open and Close prices reflect the first and last trade in the market and do not correlate to any opening or        closing period �
Cotlook ‘A’ Index 68.70 (-0.25)

 

**MARKET OUTLOOK**

India & International Market Highlights:

• Widespread whitefly damage to cotton crops in Pakistan could result in production levels falling to an 18-year low in 2015/16.

• Viscose prices have continued bottoming out in China after a small number of leading producers had previously agreed to lower their production.

North Zone:

Cotton traded steady tone across major spot markets of north India on Thursday. Prices were down Rs 05-10 per maund.  In Punjab, ready delivery cotton traded at Rs 3535-3540 a maund. In Haryana, it offered at Rs 3,510-3,520 while in Rajasthan, ready delivery new cotton quoted at Rs 3,470-3,530 a maund.

Central Zone:

Cotton spot prices steday tone across west India market on Thursday. Gujarat Sankar-6 cotton traded at  Rs 33700-34200 per candy. while B-Grade Cotton traded flat at Rs 33200-33500 per candy. V 797 cotton offered at Rs 22500-23500 a candy. While in Maharashtra, mech-1 good grade quoted at Rs 33700-34200 a candy.

South Zone:

Cotton spot price was steady tone across the major trading centers of south India.  

US Cotton Futures :

Cotton futures tumble: February 05, 2016 – Cotton futures fell on Wednesday despite a sharply weaker dollar and strength elsewhere in the commodity complex as investors hesitated to increase long positions ahead of the looming index fund roll, when large funds move positions forward from the front-month. “They don’t have a long time to build up a significant long,” said Louis Rose, independent cotton trader and consultant with Risk Analytics in Memphis, Tennessee. March cotton on ICE Futures US settled down 0.36 cent, or 0.58 percent, at 61.94 cents per lb. It traded within a range of 61.77 and 62.59 cents a lb. Total futures market volume fell by 4,576 to 43,027 lots. Data showed total open interest gained 2,126 to 197,632 contracts in the previous session. Certificated cotton stocks deliverable as of February 2 totalled 26,614 480-lb bales, down from 27,784 in the previous session. The dollar index was down 1.70 percent. The Thomson Reuters CoreCommodity CRB Index, which tracks 19 commodities, was up 2.50 percent. Copyright Reuters, 2016

Pakistan :

Cotton prices increase: February 05, 2016 — Karachi : Prices moved higher at the local cotton market on Thursday amid short supplies of high grade lint variety, brokers said.  The official spot rate held steady at Rs5,400 per maund. The Karachi Cotton Association (KCA) reported traders purchased 2,800 bales at Rs4,450 to Rs5,675 per maund as compared to Rs4,800 to Rs5,650/maund during previous trade. By and large, prices remained firm at the overnight level, but till the close of the trading session, some quality lint was quoted at higher prices.  “There is dearth of stocks lying with spinners and they see prices to remain on higher side in anticipation of shortfall in cotton production during the current season,” said a broker at Karachi Cotton Association. “The short supply prospects of cotton triggered buying at the market,” the broker said.  Many traders expect the cotton market to witness a steady trade on account of ease in demand for the cotton yarn by the spinners who are under capacity.

China :

Chinese industrial park in Ahmedabad to go functional by end of 2017: 2016-02-03 : The first Chinese general Industrial park with focus on textiles will be functional by the end of 2017 near Ahmedabad. The infrastructure for the park will be ready by 2017-end and some of the companies will begin setting up their units by the same time, said the country head of China Association of Small and Medium Enterprises (CASME) in India, Kamlesh Bhadani. An MoU for setting up this project was signed between China Development Bank and Gujarat government during the Vibrant Gujarat Summit 2015. The state government has set up a high-power committee under the chairmanship of the additional chief secretary of industries for this project. A group of senior officials of CASME and China Development Bank, including Bhadani and vice-managing director of China Development Bank Xiao Ming Zhen, had met the state chief minister last month. Zhen had said that work on the $1 billion industrial park will begin soon. The ground breaking of the project is likely to be held in the next few months. Bhadani said that they are looking at two land pockets — one in Sanand and other on Ahmedabad-Rajkot highway. It is going to be a general park and its developer will be CASME. Once the Chinese New Year celebrations are over, they will be conducting road shows and other campaigns to create awareness about this industrial park among the Chinese firms. The work on project will be expedited from March. Bhadani, speaking about the focus on textile sector in this park said that many of the Chinese textile firms will prefer to have a local partner as they will be coming from different environment. There is hardly any value addition in India to the raw material which is exported to China. The Chinese textile companies will do manufacturing here in Gujarat and export the finished product to China, as there is a huge market for this in China Some of companies interested in the project have already visited Ahmedabad and few more will be coming soon. These firms would like to do due diligence before investing here. Besides bringing in investment, this park will also provide employment on a large scale.

U.S. Futures Daily Cotton Market – 2nd February, 2016

03 Wednesday Feb 2016

Posted by in Economics, Farmers, INDIA, INTERNATIONAL NEWS, NATIONAL NEWS, Prices, USA

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Contract Open * High Low Close * Settle Change
Mar ’16 61.61 62.50 61.49 62.13 62.30 +0.51
May ’16 61.95 62.78 61.92 62.47 62.65 +0.45
  Jul ’16 62.17 62.95 62.14 62.75 62.88 +0.49
Oct ’16 0 0 0 0 62.34 +0.73
Dec ’16 61.61 62.45 61.61 62.34 62.41 +0.57
� Open and Close prices reflect the first and last trade in the market and do not correlate to any opening or        closing period �
Cotlook ‘A’ Index 68.45 (+0.50)

Required Carded CVC Ne 40/1 (80/20) & Ne 40/1 Cotton / Bamboo Melange (60/40) for Direct Exports

WE CAN PROVIDE COTTON LINTER FROM INDIA TO CHINA. Please Contact : rahul.mrtextiles@gmail.com

**MARKET OUTLOOK**

India & International Market Highlights:

• India`s Cotton exports are expected to rise by 21.27% to 70 lakh bales during the 2015-16 season, mostly due to rise in demand from Pakistan.

• The decline of the Chinese currency renminbi has raised import prices of yarn above domestic price levels.

North Zone:

Cotton traded steady tone across major spot markets of north India on Wednesday.  In Punjab, ready delivery cotton traded at Rs 3545-3550 a maund. In Haryana, it offered at Rs 3,530-3,540 while in Rajasthan, ready delivery new cotton quoted at Rs 3,490-3,550 a maund.

Central Zone:

Cotton spot prices steday tone across west India market on Wednesday. Gujarat Sankar-6 cotton traded at  Rs 33700-34200 per candy. while B-Grade Cotton traded flat at Rs 33200-33500 per candy. V 797 cotton offered at Rs 22500-23500 a candy. While in Maharashtra, mech-1 good grade quoted at Rs 33700-34200 a candy.

South Zone:

Cotton spot price was steady tone across the major trading centers of south India.  

US Cotton Futures :

Cotton futures post biggest gains in two weeks: February 03, 2016 – Cotton futures surged on Monday to their highest single-session gains in two weeks, lifted by a weaker dollar and end-user buying at low price levels and bucking a rout across most commodities. Still, prices remained within the same tight range they have been trading in for months. “They’re not chasing it higher,” said Chris Kramedjian, a risk management consultant with INTL FCStone in Nashville, Tennessee, noting that physical buying evaporated at the upper end of the day’s range. “We’re still in the middle of the range.” March cotton on ICE Futures US settled up 0.66 cent, or 1.1 percent, at 61.79 cents per lb. It traded within a range of 60.85 and 62.00 cents a lb. Total futures market volume rose by 1,696 to 38,571 lots. Data showed total open interest gained 2,648 to 198,357 contracts in the previous session. Certificated cotton stocks deliverable as of January 29 totalled 27,784 480-lb bales, down from 28,706 in the previous session. The dollar index was down 0.59 percent. The Thomson Reuters CoreCommodity CRB Index, which tracks 19 commodities, was down 1.96 percent. Speculators cut their net long position to 18,555 lots from 22,806 lots in the latest week. The Relative Strength Index in the most-active contract rose to 46.363. Copyright Reuters, 2016

Pakistan :

Slow off-take on cotton market: February 2nd, 2016 – KARACHI: Much of the trading activity remained around low quality cotton on Monday as the availability of quality lint is becoming difficult with each passing day. Floor brokers said that out of 1.1 million bales held by ginners, only 30 per cent of stocks are of quality lint. On an average 1.2m bales are consumed per month by the spinning industry under normal circumstances, but current depressed demand on the cotton yarn market is keeping cotton off-take slow, they added. With around seven months for the arrival of cotton next crop (2016-17) there should have been frenzied buying from spinners. The spinning industry continues to import cotton from Indian and only last week around one million bales were imported, brokers added. According to market sources, most deals finalised between spinners and ginners were in lower quality cotton priced at Rs5,550 to R5s,650 per maund. The Karachi Cotton Association (KCA) cut its spot rates by Rs50 per maund to Rs5,400. Major deals on ready counter were: 3,700 bales from Sanghar (Rs4,550 to Rs4,725 per maund), 400 bales from Shahdadpur (Rs4,750), 600 bales from Burewala (Rs4,850), 400 bales from Fort Abbas (Rs5,350), 400 bales from Multan (Rs5,400), 400 bales from Layyah (Rs5,500), 600 bales from Mianwali (Rs5,500 to Rs5,550), 600 bales from Yazman Mandi (Rs5,650), 1,000 bales from Rahimyar Khan (Rs5,650).

China :

China to lose, to Vietnam, top rank among cotton importers: 2nd Feb 2016 – China, which last season lost to India the title of the world’s top cotton producer, is to give up top rank in imports too, the International Cotton Advisory Committee said, citing the enhanced competitiveness of polyester. The committee deepened to 40%, from 34%, its forecast for the top in Chinese cotton imports in 2015-16, taking the estimate from 1.2m tonnes to 1.08m tonnes (5.0m bales). Imports at that level – besides coming in below expectations of commentators such as the US Department of Agriculture, which forecasts them at 5.5m bales — would be the lowest in 13 years. And they would, on ICAC projections, demote China to equal second, with Bangladesh, on cotton imports, behind Vietnam, which is expected to buy 1.1m tonnes this season. “Cotton imports by Vietnam in the first four months of 2015-16,” which began in August, “totalled 327,000 tonnes, while those by China totalled 247,000 tonnes,” the committee noted.
Cotton vs polyester: The ICAC highlighted the role in Vietnam’s rise as a cotton importer, with volumes seen soaring 17% this season, its low labour costs. “Consumption in both Vietnam and Bangladesh is increasing steadily, due to lower production costs, but both produce very little cotton, and instead must rely on imports to meet demand,” the committee said. However, it also flagged the enhanced competitiveness of polyester, of which China produces 72% of global supplies, making this fibre a particularly acute rival to cotton for the country’s mills. Polyester’s discount to cotton has “continued to widen”, the ICAC said, reporting that values of the artificial fibre had averaged 48 cents a pound in the first half of 2015-16. Cotton prices, as measured by the Cotlook A index, averaged 70 cents a pound. “The ongoing drop in polyester prices cuts into cotton’s market share, particularly in China where polyester has been favoured over cotton in recent seasons,” the committee said, cutting by 200,000 tonnes to 7.1m tonnes its estimate for Chinese cotton consumption in 2015-16.
New season forecasts: The comments came as the ICAC left little changed its forecast for world cotton inventories at the close of this season, pegging the figure at 20.5m tonnes, a drop of some 1.6m tonnes year on year. And, in its first estimates for 2016-17, it forecast a further drop in inventories, albeit at a far slower rate, of some 1m tonnes, against expectations of improved production and flat consumption. Inventories, at 19.5m tonnes, would at the close of 2016-17 fall below 20m tonnes for the first time in four years, but remain high by historical standards, equivalent to 80.7% of annual consumption. The ICAC gave no explanation for its forecasts, which saw world production improving to 23.1m tonnes, but remaining behind world consumption, at 24.1m tonnes. Courtesy – by Agrimoney.com

ముష్టి తగ్గింపుకే అల్ప సంతోషమా ?

02 Tuesday Feb 2016

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ఎం కోటేశ్వరరావు

మూడు పైసలు అంటే ఎంత అంకుల్‌ అని అడిగాడు మా పక్కింటి ఎలిమెంటరీ స్కూలు పిల్లవాడు. వాడికి ఎలా చెప్పాలో తెలియలేదు. ఎందుకంటే నాణెం లేదు కదా ! అందుకని చిరాకు వేసి నరేంద్రమోడీ బొమ్మ చూపించాను అంత అని. డీజిల్‌ ధరలు మూడు పైసలు, పెట్రోలు ధరలు కొన్ని ప్రాంతాలలో నాలుగు పైసలు, కొన్ని చోట్ల ఐదు పైసలు తగ్గించినట్లు ప్రభుత్వం వుదారంగా ప్రకటించిన సందర్బంగా మూడు పైసలు అంటే నరేంద్రమోడీ గొప్ప అనుకున్నాడో లేక మరో విధంగా అనుకున్నాడో తెలియదు. పాక్‌ ప్రధాని నవాజ్‌ షరీఫ్‌ లీటరు పెట్రోలు ధర ఐదు రూపాయలు తగ్గించాడు, మన ఘనమైన నరేంద్రమోడీ ముష్టి తగ్గింపు గురించి మాట్లాడుకోవటం సిగ్గు చేటు. అసలు దేశంలో ఏం జరుగుతోంది?

తాజాగా కేంద్ర ప్రభుత్వం పెట్రోలుపై లీటరుకు ఒక రూపాయి, డీజిల్‌పై రూపాయిన్నర ఎక్పైజ్‌ సుంకాన్ని పెంచింది.ఈ పెంపుదల మనపై ఏడాదికి దాదాపు 20వేల కోట్ల రూపాయల భారం మోపుతున్నది.ఇదే సమయంలో కేంద్ర ప్రభుత్వం సోమవారం నాడు చేసిన ఒక ప్రకటనలో 2013-14 సంవత్సరాలలో వాస్తవ ధరకంటే పెట్రోలియం వుత్పత్తుల అమ్మకం తరుగు రు.1,39,869 కోట్ల నుంచి రు.72,314 కోట్లకు (మరో మాటలో చెప్పాలంటే ప్రభుత్వం ఇస్తున్న సబ్సిడీ మొత్తం ఇది) తగ్గిపోయాయి. మరో రెండు నెలల్లో ముగియనున్న ఆర్ధిక సంవత్సరంలో ఈ మొత్తం ఇంకా గణనీయంగా తగ్గనుంది.ప్రపంచ మార్కెట్లో చమురు ధరలు ఎంతగా తగ్గాయంటే పేదలకు ఇస్తున్న సబ్సిడీ కిరోసిన్‌పై జనవరి నెలలో ఒక లీటరుకు ప్రభుత్వానికి రు.9.16పైసలు పడితే ఈనెల నుంచి రు.5.11కు తగ్గనుంది.ఇదే విధంగా ఎల్‌పిజి ిబ్సిడీ కూడా గణనీయంగా తగ్గిపోయింది.

నరేంద్రమోడీ ప్రధాని బాధ్యతలు స్వీకరించిన గత 20నెలల్లో చమురు ధరలు, రూపాయి విలువలు, పెట్రోలు ధరలలో వచ్చిన మార్పులు ఎలా వున్నాయో చూడండి.(పీపా ఖరీదు డాలర్లలో, మిగిలిన ధరలు రూపాయలలో, డీ.మా( డీలర్ల మార్జిన్‌) ఢిల్లీ మార్కెట్‌ ధరలివి. వ్యాట్‌ రేట్లలో అంతకంటే ఎక్కువ వుంటే రేట్లు పెరుగుతాయి, తక్కువ వుంటే తగ్గుతాయి.

తేదీ             పీపాధర    రిఫైనరీ  ధర డీలరు ధర రూపాయి విలువ కేంద్ర పన్ను రాష్ట్ర పన్ను డీ.మా మొత్తం

07.06.14  120.21    45.22     48.11              58.81  9.48   11.92   2.00    71.51

16.12.14   76.70     30.48     35.74              61.95  13.34  10.22   2.03    61.33

01.02.16   45.11      19.69     23.51              67.68  21.48   12.75  2.25    60.00

దీన్ని బట్టి మనకు ఏం అర్ధం అవుతోంది? పెట్రోలు లీటరు ధర దాదాపుగా 60 రూపాయలుగా ఖరారు చేసినట్లు కనిపిస్తోంది. రాబోయే రోజుల్లో ఇంకా తగ్గితే ఆ మేరకు పన్నులు పెంచి అక్కడే వుండేట్లు చేస్తారు. లేదూ పెరిగితే ధరలు పెరిగితే వినియోగదారులపై మోపే విధానం అనుసరిస్తున్నాం అని చెబుతున్నాం కదా అని రేటు పెంచుతారు. దేశంలో ఏం జరిగినా మనకెందుకులే, మనమేం చేస్తాంలే అనే నిర్లిప్తత ప్రదర్శించే ధోరణి ఇటీవలి కాలంలో పెరిగి పోయింది. దీన్ని అవకాశంగా తీసుకొని పాలకులు భారాలు పెంచుతున్నారు.అవి చివరికి సామాన్యులపైకే నెట్టబడుతున్నాయి.

Petroleum under-recoveries Come down to Rs 72,314 crore

02 Tuesday Feb 2016

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The under-recoveries for 2014-15 have been Rs 72,314 crore. The figure was Rs 1,39,869 crore for 2013-14.

Under-recoveries for the month of February 2016 will be Rs 5.11 per litre in case of PDS Kerosene

The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas has reviewed international prices of crude oil and petroleum products for the month of January 2016. In the case of PDS Kerosene, the under-recoveries for the month of February 2016 will be Rs 5.11 per litre (Rs 9.16  per litre in last month). The cash transfer to customer under DBTL will be Rs 155.78, out of which Rs. 108.12 will be Cash Compensation on Domestic LPG by Govt. to consumers & Rs 47.66 will be the Cash compensation on Domestic LPG by OMCs towards ‘Uncompensated Costs’ to consumers.

Product-wise Under-recoveries of Public Sector Oil Marketing Companies (OMCs):

Product Unit Under / (Over) recovery (eff. 1st Feb 16) Cash transfer to customer under DBTL (eff. 1st Feb 16)
PDS Kerosene* (Rs./Litre) 5.11 –
Cash Compensation on Domestic LPG by Govt. to consumers** (Rs./Cylinder) – 108.12
Cash Compensation on Domestic LPG by OMCs towards ‘Uncompensated Costs’ to consumers** (Rs./Cylinder) – 47.66

*Inclusive of the quantum of erstwhile Fiscal Subsidy Scheme 2002 i.e. Rs 0.82/Litre.

** Cash Subsidy is for Delhi market.

 

Global Crude oil price of Indian Basket was US$ 26.63 per bbl on 26.01.2016

28 Thursday Jan 2016

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The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 26.63 per barrel (bbl) on 26.01.2016. This was lower than the price of US$ 26.87 per bbl on previous publishing day of 22.01.2016.

In rupee terms, the price of Indian Basket decreased to Rs 1801.19 per bbl on 26.01.2016 as compared to Rs 1820.43 per bbl on 22.01.2016. Rupee closed stronger at Rs 67.64 per US$ on 26.01.2016 as against Rs 67.75 per US$ on 22.01.2016. The table below gives details in this regard:

 

Particulars      Unit Price on January 26, 2016 (Previous trading day i.e. 22.01.2016) Pricing Fortnight for 16.01.2016

(Dec 30 to Jan 13, 2016)
Crude Oil (Indian Basket) ($/bbl)               26.63            (26.87)   30.63
(Rs/bbl           1801.19         (1820.43) 2040.26
Exchange Rate   (Rs/$)             *67.64             (67.75)     66.61

Global Crude oil price of Indian Basket was US$ 26.87 per bbl on 22.01.2016

26 Tuesday Jan 2016

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The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 26.87 per barrel (bbl) on 22.01.2016. This was higher than the price of US$ 24.47 per bbl on previous publishing day of 21.01.2016.

In rupee terms, the price of Indian Basket increased to Rs 1820.43 per bbl on 22.01.2016 as compared to Rs 1665.18 per bbl on 21.01.2016. Rupee closed stronger at Rs 67.75 per US$ on 22.01.2016 as against Rs 68.06 per US$ on 21.01.2016. The table below gives details in this regard:

 

Particulars      Unit Price on January 22, 2016 (Previous trading day i.e. 21.01.2016) Pricing Fortnight for 16.01.2016

(Dec 30 to Jan 13, 2016)
Crude Oil (Indian Basket) ($/bbl)               26.87            (24.47)   30.63
(Rs/bbl           1820.43         (1665.18) 2040.26
Exchange Rate   (Rs/$)               67.75             (68.06)     66.61

 

 

Global Crude oil price of Indian Basket was US$ 26.40 per bbl on 15.01.2016

19 Tuesday Jan 2016

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The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 26.40 per barrel (bbl) on 15.01.2016. This was lower than the price of US$ 26.43 per bbl on previous publishing day of 14.01.2016.

In rupee terms, the price of Indian Basket increased to Rs 1780.00 per bbl on 15.01.2016 as compared to Rs 1773.19 per bbl on 14.01.2016. Rupee closed weaker at Rs 67.43 per US$ on 15.01.2016 as against Rs 67.10 per US$ on 14.01.2016.The table below gives details in this regard:

 

Particulars Unit Price on January 15, 2016(Previous trading day i.e. 14.01.2016) Pricing Fortnight for 16.01.2016

(Dec 30 to Jan 13, 2016)
Crude Oil (Indian Basket) ($/bbl) 26.40            (26.43) 30.63
(Rs/bbl 1780.00         (1773.19) 2040.26
Exchange Rate (Rs/$) 67.43             (67.10) 66.81

 

Global Crude oil price of Indian Basket was US$ 27.32 per bbl on 13.01.2016

15 Friday Jan 2016

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The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 27.32 per barrel (bbl) on 13.01.2016. This was lower than the price of US$ 27.33 per bbl on previous publishing day of 12.01.2016.

In rupee terms, the price of Indian Basket decreased to Rs 1826.30 per bbl on 13.01.2016 as compared to Rs 1828.42 per bbl on 12.01.2016. Rupee closed stronger at Rs 66.84 per US$ on 13.01.2016 as against Rs 66.89 per US$ on 12.01.2016. The table below gives details in this regard:

 

Particulars      Unit Price on January 13, 2016 (Previous trading day i.e. 12.01.2016) Pricing Fortnight for 01.01.2016

(Dec 12 to Dec 29, 2015)
Crude Oil (Indian Basket) ($/bbl)               27.32            (27.33)   33.58
(Rs/bbl           1826.30         (1828.42) 2234.08
Exchange Rate   (Rs/$)               66.84             (66.89)     66.53

 

 

Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of December, 2015

15 Friday Jan 2016

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The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of December, 2015 declined by 0.1 percent to 177.4 (provisional) from 177.6 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at -0.73% (provisional) for the month of December, 2015 (over December, 2014) as compared to -1.99% (provisional) for the previous month and -0.50% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was 0.74% compared to a build up rate of -0.89% in the corresponding period of the previous year.

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.

The movement of the index for the various commodity groups is summarized below:-

PRIMARY ARTICLES (Weight 20.12%)

The index for this major group rose by 0.5 percent to 257.8 (provisional) from 256.5 (provisional).  The groups and items which showed variations during the month are as follows:-

The index for ‘Food Articles’ group rose by 0.6 percent to 272.7 (provisional) from 271.0 (provisional) for the previous month due to higher price of poultry chicken (18%), fish-inland (10%), beef & buffalo meat (9%), pork and bajra (4% each),      egg, tea, fish-marine and condiments & spices (3% each), jowar, urad and barley (2% each) and maize, arhar and wheat (1 % each).  However, the price of moong (7%), masur (5%), fruits & vegetables (2%) and mutton (1%) declined.

The index for ‘Non-Food Articles’ group rose by 1.0 percent to 223.9 (provisional) from 221.7 (provisional) for the previous month due to higher price of mesta and flowers (12% each), raw jute and linseed (5% each), groundnut seed and raw wool (4% each), niger seed (3%), fodder and raw cotton (2% each) and rape & mustard seed and sunflower (1% each).  However, the price of guar seed (11%), castor seed and raw rubber (7% each), soyabean and gingelly seed (3% each), coir fibre (2%) and copra (coconut) and cotton seed (1% each) declined.

The index for  ‘Minerals’ group declined by 2.4 percent to  212.3 (provisional) from 217.6  (provisional) for the previous month due to lower price of iron ore (10%), zinc concentrate (6%) and manganese ore (1%).  However, the price of      sillimanite and copper ore (1% each) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group declined by 0.6 percent to 176.8 (provisional) from 177.9 (provisional) for the previous month due to lower prices of furnace oil (10%), bitumen (3%) and petrol and aviation turbine fuel (1% each).  However, the price of LPG (1%) moved up.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group declined by 0.3 percent to 152.6 (provisional) from 153.0 (provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-

The index for ‘Food Products’ group rose by 0.3 percent to 175.4 (provisional) from 174.9 (provisional) for the previous month due to higher price of tea dust (unblended) (7%), gram powder (besan) (6%), cotton seed oil and canned fish (4% each) and soyabean oil, mixed spices, processed prawn, mustard & rapeseed oil, sugar, wheat flour (atta), groundnut oil,     palm oil, maida, sugar confectionary, gola (cattle feed) and bakery products (1% each).  However, the price of powder milk (5%), tea leaf (blended) and gur (3% each), sooji (rawa), oil cakes and sunflower oil (2% each) and gingelly oil, tea leaf (unblended), copra oil and khandsari (1% each) declined.

The index for ‘Beverages, Tobacco & Tobacco Products’ group declined by 0.4 percent to 205.2 (provisional) from 206.0 (provisional) for the previous month due to lower price of bidi (2%).  However, the price of zarda (4%) and dried tobacco    (1%) moved up.

The index for ‘Textiles’ group declined by 0.1 percent to 139.7 (provisional) from 139.8 (provisional) for the previous month due to lower price of man made fabric and cotton yarn (1% each).  However, the price of jute sacking cloth, jute yarn and gunny and hessian cloth (2% each) and tyre cord fabric, jute sacking bag and cotton fabric (1% each) moved up.

The index for ‘Wood & Wood Products’ group declined by 0.7 percent to 196.4 (provisional) from 197.7 (provisional) for the previous month due to lower price of processed wood (1%).

The index for ‘Paper & Paper Products’ group rose by 0.2 percent to 154.9 (provisional) from 154.6 (provisional) for the previous month due to higher price of paper cartons / boxes (2%) and books/ periodicals/ journals and newsprint (1% each). However, the price of corrugated sheet boxes (1%) declined.

The index for ‘Leather & Leather Products’ group rose by 0.4 percent to 144.4 (provisional) from 143.8 (provisional) for the previous month due to higher price of leather garments & jackets (2%).

The index for ‘Rubber & Plastic Products’ group declined by 0.3 percent to 145.8 (provisional) from 146.3 (provisional) for the previous month due to lower price of plastic products (1%).

The index for ‘Chemicals & Chemical Products’ group declined by 0.5 percent to 149.9 (provisional) from 150.6 (provisional) for the previous month due to lower price of antibiotics (3%), hair / body oils and non-cyclic compound (2% each) and pesticides, polymers, urea, rubber chemicals, photographic goods and explosives (1% each).  However, the price of synthetic resin (2%) and pigment & pigment intermediates and safety matches/ match box (1% each) moved up.

The index for ‘Non-Metallic Mineral Products’ group rose by 0.3 percent to 177.5 (provisional) from 176.9 (provisional) for the previous month due to higher price of polished granite (2%) and bricks & tiles (1%).  However, the price of marbles      (3%) declined.

The index for ‘Basic Metals, Alloys & Metal Products’ group declined by 1.2 percent to 150.3 (provisional) from 152.2 (provisional) for the previous month due to lower price of pig iron, angles, plates and melting scrap (4% each), HRC,     pencil  ingots and CRC (3% each), joist & beams, gp/gc sheets, billets, rounds, ferro silicon and steel: pipes & tubes (2% each) and sponge iron, rebars, wire rods, steel rods, copper / copper ingots and steel castings (1% each).  However, the price of zinc (5%) and sheets, ferro chrome and ferro manganese (1% each) moved up.

The index for ‘Transport, Equipment & Parts’ group rose by 0.1 percent to 138.0 (provisional) from 137.9 (provisional) for the previous month due to higher price of auto rickshaw / tempo/matador (3%).

FINAL INDEX FOR THE MONTH OF OCTOBER, 2015 (BASE YEAR: 2004-05=100)

For the month of October, 2015, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 176.9 as compared to 176.7 (provisional) and annual rate of inflation based on final index stood at -3.70 percent as compared to     -3.81 percent (provisional) respectively as reported on 16.11.2015.

Next date of press release: 15/02/2016 for the month of January, 2015

Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi,

This press release is available at our home page http://eaindustry.nic.in

Annexure-I

Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100)

 

Month of December, 2015
Commodities/Major Groups/Groups/Sub-Groups Weight WPI Dec- 2015 Latest month over month Build up from March Year on year
2014-15 2015-16 2014-15 2015-16 2014-15 2015-16
ALL COMMODITIES 100.00000 177.4 -1.38 -0.11 -0.89 0.74 -0.50 -0.73
PRIMARY ARTICLES 20.11815 257.8 -2.55 0.51 2.09 7.87 0.29 5.48
Food Articles 14.33709 272.7 -2.14 0.63 7.46 9.39 4.95 8.17
Cereals 3.37323 237.1 -0.72 0.42 0.95 2.60 1.35 1.63
Rice 1.79348 237.3 -2.08 -0.08 3.53 1.58 4.43 -1.25
Wheat 1.11595 222.7 1.32 0.54 -1.56 3.34 -2.36 3.73
Pulses 0.71662 378.2 1.04 -0.58 6.72 46.70 5.93 55.64
Vegetables 1.73553 318.4 -9.55 -4.41 33.11 46.86 -6.41 20.56
Potato 0.20150 174.8 -36.95 -11.45 39.62 15.61 0.52 -34.99
Onion 0.17794 435.4 -1.20 -18.48 41.87 30.95 -19.70 25.98
Fruits 2.10717 237.1 -3.13 -0.04 8.63 -2.75 17.77 0.76
Milk 3.23818 250.9 -0.16 0.04 7.13 1.46 9.41 1.78
Egg, Meat & Fish 2.41384 296.6 -1.16 6.19 -0.11 2.24 1.15 5.03
Non-Food Articles 4.25756 223.9 -0.29 0.99 -4.50 10.51 -3.62 7.70
Fibres 0.87737 208.0 0.30 2.51 -14.80 7.55 -13.86 2.36
Oil Seeds 1.78051 217.9 -0.98 0.05 -2.56 6.60 -0.88 8.03
Minerals 1.52350 212.3 -10.43 -2.44 -20.69 -12.74 -22.73 -22.52
FUEL & POWER 14.91021 176.8 -2.75 -0.62 -9.15 -5.96 -7.82 -9.15
Liquefied petroleum gas 0.91468 162.9 -2.05 1.37 -5.43 0.12 -3.19 -2.51
Petrol 1.09015 157.3 -2.57 -1.07 -14.86 -4.72 -11.96 -7.90
High speed diesel 4.67020 181.7 -3.35 0.17 -8.82 -10.58 -6.31 -13.80
MANUFACTURED PRODUCTS 64.97164 152.6 -0.32 -0.26 0.32 -0.84 1.44 -1.36
Food Products 9.97396 175.4 -0.75 0.29 1.71 3.12 1.30 1.98
Sugar 1.73731 169.8 -2.06 1.13 0.93 -2.69 -1.33 -8.27
Edible Oils 3.04293 151.5 -0.49 0.80 -2.25 4.63 -3.44 5.80
Beverages, Tobacco & Tobacco Product 1.76247 205.2 0.05 -0.39 3.22 0.98 8.37 1.58
Cotton Textiles 2.60526 155.5 -0.75 -0.06 -3.52 -1.40 0.00 -2.26
Man Made Textiles 2.20573 130.2 -0.96 -0.46 -0.15 -1.81 0.90 -3.41
Wood & Wood Products 0.58744 196.4 0.91 -0.66 0.91 3.53 5.29 3.86
Paper & Paper Products 2.03350 154.9 0.00 0.19 2.37 1.31 4.14 2.51
Leather & Leather Products 0.83509 144.4 -1.23 0.42 -1.16 1.48 -0.55 0.07
Rubber & Plastic Products 2.98697 145.8 -0.53 -0.34 -0.33 -1.69 0.88 -2.41
Chemicals & Chemical Products 12.01770 149.9 -0.52 -0.46 -0.13 -0.66 1.67 -1.64
Non-Metallic Mineral Products 2.55597 177.5 -0.91 0.34 3.64 -0.67 4.26 2.25
Cement & Lime 1.38646 173.6 -0.99 -0.06 3.11 -2.31 2.73 2.60
Basic Metals Alloys & Metal Product 10.74785 150.3 -0.24 -1.25 -1.73 -7.16 -0.24 -8.74
Iron & Semis 1.56301 131.8 -2.04 -2.73 -3.52 -11.48 0.13 -14.02
Machinery & Machine Tools 8.93148 134.9 -0.07 0.00 1.05 -0.07 1.51 0.22
Transport Equipment & Parts 5.21282 138.0 0.07 0.07 0.15 0.51 0.07 1.47

 

 

 

 

 

 

Annexure-II
 
Trend of Rate of Inflation for some important items during last six months
 
Commodities/Major Groups/Groups/Sub-Groups Weight (%) Rate of Inflation for the last six months
Dec-15 Nov-15 Oct-15 Sept-15 August-15 July-15
ALL COMMODITIES 100.00 -0.73 -1.99 -3.70 -4.59 -5.06 -4.00
PRIMARY ARTICLES 20.12 5.48 2.27 0.04 -2.29 -4.21 -3.98
Food Articles 14.34 8.17 5.20 3.33 0.84 -1.02 -1.20
Cereals 3.37 1.63 0.47 -0.13 -1.02 -1.98 -1.66
Rice 1.79 -1.25 -3.22 -3.40 -3.76 -3.89 -2.86
Wheat 1.12 3.73 4.53 4.58 3.29 2.09 1.96
Pulses 0.72 55.64 58.17 53.06 38.94 36.49 36.18
Vegetables 1.74 20.56 14.08 3.17 -8.60 -20.03 -24.43
Potato 0.20 -34.99 -53.72 -58.10 -57.98 -51.76 -48.87
Onion 0.18 25.98 52.69 89.52 120.69 74.44 -0.49
Fruits 2.11 0.76 -2.35 -4.46 -5.15 -1.42 -4.52
Milk 3.24 1.78 1.58 1.75 2.16 2.08 5.30
Egg, Meat & Fish 2.41 5.03 -2.24 0.46 2.02 3.30 2.52
Non-Food Articles 4.26 7.70 6.33 5.10 2.70 -0.46 -0.51
Fibres 0.88 2.36 0.15 -2.20 -6.86 -9.09 -10.88
Oil Seeds 1.78 8.03 6.92 6.66 2.50 -2.20 -0.23
Minerals 1.52 -22.52 -28.87 -33.64 -34.27 -34.35 -29.83
FUEL & POWER 14.91 -9.15 -11.09 -16.32 -17.71 -16.21 -11.56
Liquefied petroleum gas 0.91 -2.51 -5.80 -5.83 -5.45 -5.32 -4.90
Petrol 1.09 -7.90 -9.30 -13.16 -14.78 -13.82 -11.14
High speed diesel 4.67 -13.80 -16.83 -26.21 -28.10 -25.37 -15.91
MANUFACTURED PRODUCTS 64.97 -1.36 -1.42 -1.67 -1.73 -1.99 -1.54
Food Products 9.97 1.98 0.92 0.46 -0.69 -2.11 -1.94
Sugar 1.74 -8.27 -11.16 -13.08 -16.45 -18.44 -17.63
Edible Oils 3.04 5.80 4.45 4.74 3.35 1.17 1.37
Beverages, Tobacco & Tobacco Product 1.76 1.58 2.03 2.29 2.13 2.13 3.15
Cotton Textiles 2.61 -2.26 -2.93 -4.00 -4.52 -5.02 -5.29
Man Made Textiles 2.21 -3.41 -3.89 -5.09 -4.91 -3.49 -2.63
Wood & Wood Products 0.59 3.86 5.50 4.81 3.91 4.36 6.14
Paper & Paper Products 2.03 2.51 2.32 2.31 2.72 3.00 2.67
Leather & Leather Products 0.84 0.07 -1.57 -1.37 -0.95 -0.75 -1.89
Rubber & Plastic Products 2.99 -2.41 -2.60 -2.78 -2.71 -1.85 -0.93
Chemicals & Chemical Products 12.02 -1.64 -1.70 -1.83 -1.89 -1.88 -1.69
Non-Metallic Mineral Products 2.56 2.25 0.97 0.45 1.26 2.75 3.48
Cement & Lime 1.39 2.60 1.64 -0.12 1.04 2.51 2.47
Basic Metals Alloys & Metal Product 10.75 -8.74 -7.81 -7.50 -6.74 -7.50 -6.28
Iron & Semis 1.56 -14.02 -13.42 -12.96 -10.90 -12.31 -10.64
Machinery & Machine Tools 8.93 0.22 0.15 0.00 0.07 0.30 0.30
Transport Equipment & Parts 5.21 1.47 1.47 1.32 1.25 1.10 1.25

 

 

RC/nb

 

అడకత్తెరలో పోక చెక్కలుగా పత్తి రైతులు

14 Thursday Jan 2016

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ఎంకెఆర్‌

మీ వూర్లోనో, ప్రాంతంలోనో పత్తి ధరలలో స్ధానిక పరిస్థితులు, పత్తి నాణ్యత తదితర కారణాలతో స్వల్ప హెచ్చు తగ్గులు వుండవచ్చు. ప్రపంచ మార్కెట్లో మొత్తం మీద పత్తి ధరలు తగ్గుముఖంలో వున్నాయి. కర్ణుడి చావుకు కారణాలనేకం అన్నట్లు పత్తి రైతుల పరిస్ధితి వుంది.ఎప్పుడు ఏం జరుగుతుందో ఏ పరిణామం ప్రతికూల పర్యవసానాలను ముందుకు తెస్తుందో తెలియటం లేదు.

ఇటీవల చైనా ఆర్ధిక వ్యవస్ధలో సంభవించిన పరిణామాలలో స్టాక్‌ మార్కెట్‌ కుదేలు కావటంతో పాటు కరెన్సీ యువాన్‌ విలువ కూడా పడిపోయింది.అది అలాగే కొనసాగితే అ ప్రభావం చైనాతో పాటు మనవంటి అనేక దేశాలపై పడుతోంది. మన ఎగుమతులపై ప్రతికూల ప్రభావం చూపుతుందని నిపుణులు చెబుతున్నారు. రెండు దేశాలకూ అమెరికా, ఐరోపా దేశాల మార్కెట్లు వుమ్మడిగా వున్నాయి. కరెన్సీ విలువలు తగ్గిన దేశాల నుంచి దిగుమతులు చేసుకుంటే వారికి లాభం. ఆ రీత్యా చైనా కరెన్సీ విలువ పడిపోతే అక్కడి నుంచి అంతకంటే మన కరెన్సీ విలువ పడిపోతే ఇక్కడి నుంచి దిగుమతి చేసుకుంటారు తప్ప వ్యాపారులకు మరొక ప్రాతిపదిక వుండదు. మన దేశం నుంచి ఈ ఏడు 13-15శాతం పెరుగుదల రేటుతో దుస్తులు, వస్త్రాల ఎగుమతులు వుంటాయని ఆశించగా డిసెంబరు నాటికి 7-8శాతానికి మించలేదు. ధనిక దేశాలలో ఆర్ధిక పరిస్థితి మందగించటమే దీనికి కారణం. ఇప్పుడు చైనా యువాన్‌ విలువ పతనం కావటంతో గతం కంటే తక్కువ విలువకే (డాలర్లకే) చైనా సరకులను ధనిక దేశాలు దిగుమతి చేసుకోవచ్చు. గత దశాబ్ది కాలంలో సగటున మన వస్త్ర వుత్పత్తుల ఎగుమతుల పెరుగుదల రేటు 3-4శాతం మాత్రమే వుందని రేటింగ్‌ సంస్ధ మూడీస్‌ విభాగమైన ‘ఇక్రా’ తాజాగా తెలిపింది. ఈ స్థితిలో మన రూపాయి విలువను తగ్గించుకుంటే మన ఎగుమతులు పెరుగుతాయి. అదే చేస్తే మన దిగుమతులకు అయ్యేఖర్చు అంతకంటే ఎక్కువ పెరుగుతుంది. ఇప్పటికే విదేశీ వాణిజ్యలోటుతో వున్న మన దేశం డాలర్ల కోసం మరిన్ని ప్రజావ్యతిరేక చర్యలు తీసుకోవాల్సి వుంటుంది.మన వస్త్ర వుత్పత్తుల ఎగుమతులు తగినంతగా లేకపోతే అంతర్గతంగా డిమాండ్‌ తగ్గిపోయి పత్తి ధరలు మరింత పతనం లేదా ఇప్పుడున్న స్ధితిలో ఎదుగూ బొదుగూ లేకుండా వుంటాయి.

కాటన్‌ ఇన్‌కార్పొరేట్‌ సంస్ధ తాజా సమాచారం ప్రకారం డిసెంబరు 29నుంచి జనవరి పది వరకు అంతర్జాతీయ పత్తి ధరల సూచిక తగ్గుదల చూపింది. ప్రపంచంలో అగ్రస్ధానం కోసం పడుతూ ఒకటి రెండు స్ధానాలలో దేశాలలో సూచీలు ఇలా వున్నాయి.(లింట్‌ బేల్‌ ధర సెంట్లలో)

సూచీ జనవరి 12న డిసెంబరు ఏడాది క్రితం

న్యూయార్క్‌ 61.6 63.7 63.3

అమెరికా 68.5 70.4 70.4

చైనా 88.3 91.1 95.8

భారత్‌ 63.8 63.8 65.8

పాకిస్ధాన్‌ 62.1 60.8 59.9

డాలర్‌ విలువతో పోల్చితే చైనా యువాన్‌ ధర తాజాగా పడిపోయిన కారణంగా జనవరి 12న చైనాలో పత్తి ధర 92 నుంచి 88 సెంట్లకు పడిపోయినట్లు కనిపించినప్పటికీ చైనా మార్కెట్‌లో క్వింటాలు ధర 1280 వద్ద స్ధిరంగా వుంది. ఒక్క పాకిస్తాన్‌లో గత నెల రోజుల్లో ధరలు పెరిగాయి. మన దేశంలో పెద్ద మార్పులేదు. పాకిస్తాన్‌లో వుత్పత్తి 17 సంవత్సరాల కనిష్టం 7.2 మిలియన్‌ బేళ్లకు పడిపోవటం అక్కడి మార్కెట్‌లో కొద్ది పాటి పెరుగుదలకు కారణమైందని చెప్పవచ్చు. తెల్లదోమ, ఇతర తెగుళ్లే దీనికి కారణం.ఈ ఏడాది ప్రపంచంలో వుత్పత్తి తగ్గిన కారణంగా వచ్చే ఏడాది విస్తీర్ణం పెరగవచ్చని మార్కెట్‌ వర్గాలు అప్పుడే అంచనాలు వేస్తున్నాయి. 2011-14 మధ్య ఏటా 19.7 మిలియన్ల బేళ్ల చొప్పున దిగుమతి చేసుకున్న చైనా తన విధాన మార్పుల కారణంగా 2015-16లో కేవలం 5.5 మిలియన్‌ బేళ్లకే పరిమితం చేసుకుంది. అంతర్గతంగా తన రైతాంగానికి ధర పడిపోకుండా హామీ ఇచ్చి మద్దతు ధర పెంచుతోంది. ఈ కాలంలో చైనా వెలుపల మిల్లుల వినియోగం పెరిగినప్పటికీ అది చైనా దిగుముతు తగ్గిన స్ధాయిలో లేకపోవటంతో ప్రపంచ మార్కెట్‌ ధరలు స్ధబ్దుగా వుంటున్నాయి. దీనికి తోడు చమురు మార్కెట్‌లో ధరలు గణనీయంగా తగ్గిన కారణంగా దాని వుపవుత్పత్తులైన నైలాన్‌, ఇతర కృత్రిమ నూలు ధరలు తగ్గటం కూడా పత్తి డిమాండ్‌ను పరిమితం చేశాయి.