Weekly: Raw Pulses Trade Firm Amid Good Demand In Dal

MUMBAI (Commoditiescontrol) – All raw pulses, such as tur, urad, chana, moong and white pea traded firm for the week ending on Saturday (March 12-17) amid fresh millers buying activity as some buying activity witnessed in processed pulses at lower rates. While, masoor prices remained unchanged on slow trade against adequate stock and fresh domestic arrivals.

Week Highlights

# Jr. Food Minister C.R Choudhary Said In Loksabha: India Imported 53.3 LT Pulses During April-January 2017-18. Import From Canada Stood At 16.8 LT, Australia At 12.1 LT During The Period.
# Traders Want Government of India To Also Ban Import Quota of 2 lakh MT Tur & 3 lakh MT Urad & Moong Which Is Ending on 31Mar 2018 As Prices of Pulses Below MSP Level.
# Australia Chana Export To India Down (M/M) in MT: January:675, December:21000, November:185672.

Burma Lemon Tur:

Burma origin Tur Lemon variety gains by Rs.125 at Rs.4,025/100Kgs at Mumbai amid improved millers’ buying and absence of sellers' activities in the wake of low stock.Meanwhile, tur growers urge government to ban import quota of 2 lakh MT tur which is ending on 31 March 2018 as tur prices are ruling below MSP level.

Similarly, domestic new tur in bilty trade at Akola also moved up by Rs 200 to Rs 4,400-4,425/100Kg due to slow domestic arrivals due to rain and cloudy weather coupled with farmers' preference for selling their stocks to Nafed at MSP prices also added support to prices.

The sentiment also gets support from good trade activity, reported in processed tur from last couple of days from wholesale and retail counters for short term due to empty pipeline as they were purchasing as per requirement. Also, demand may shift from vegetables to tur dal for short term during March month due to hot weather. But it may not continue due to upcoming mango season.

Prices of tur may get good support after domestic arrivals gets dried up and end of mango season, which is expected by May -June.

NAFED Procures (Kharif 2017-18) 545021.98 MT Tur As On 15 March At MSP Prices Of Rs 5450. Andhra Pradesh:37186.06, Karnataka:314216.26, Maharashtra:118136.35, Gujarat:183.32, Telangana:75300.

In Kanpur, Maharashtra origin (Hinghanghat/Nagpur), tur dal new Phatka Sortex quality traded higher by Rs 100-150 at Rs 5,800-5,850, new semi-Sortex at Rs 5,700-5,725, new regular variety at Rs 5,625 respectively. Trade activity were reported better from wholesalers/retailers counter as buyers were active, a local trader said.

Gujarat origin Wasat Phatka variety new traded firm by Rs 50 at Rs 6,350-6,550/100Kg. Similarly, Latur origin new Phatka variety also remained firm at Rs 5,950-6,050/100kg. Jalna origin new phatka variety also priced higher at Rs 6,250-6,450/100Kg.

Burma Urad:

In Mumbai, new crop of Burma urad FAQ variety traded higher by Rs 25/100Kg due to millers buying support at lower rates. Also, sellers were not interested to liquidate the commodity at lower prices mid depleting stock of imported urad. Meanwhile, urad growers urge government to ban import quota of 3 lakh MT Urad/Moong which is ending on 31 March 2018 as urad prices are ruling below MSP level.

On the other hand, demand in processed Urad reported thin at existing rates from consumption centers. Bikaner origin branded Urad dal price offered at Rs 4,700-5,000/100Kg. Tiranga brand of Mumbai at Rs 5,800/100Kg. Parivar brand of Jalgaon at Rs 5,300/100Kg.

Similarly, at Chennai, Urad FAQ traded lower by Rs 50 to Rs 4,150/100Kg on availability of adequate stock in major states, anticipation that supply of rabi domestic crop is likely to increase in Andhra Pradesh and Chennai (Thanjavur/Madurai) and sluggish trade activities. On other hand, SQ variety remained steady at Rs 4,800 on negligible trade as sellers were active in the market.

Chana Kantewala (Indore):

In Indore market, Chana prices moved up by Rs 125-150 at Rs 3,725-3,750/100Kg on improved millers' buying activity amid firm cues from futures. Good trade activity in Chana dal/besan witnessed from consumption centers had supported the prices.

Similarly, Australia origin Chana at Mumbai and Mundra port remained firm by Rs 100-125 at Rs 3,775/100Kg and Rs 3,775 respectively.

NAFED Procures (Rabi 2017-18) 52895.042 MT Chana As On 15 March At MSP Prices Of Rs 4400. Telangana:14047.11, Karnataka:28963.480, Andhra Pradesh:9515.950, Maharashtra:217.938, Rajasthan:150.564.

At National Commodity and Derivatives Exchange (NCDEX), chana for April contract settled higher by 1.4 per cent or Rs.51 at Rs.3,780/100Kgs. Earlier in the day, the contract slid to Rs.3,722 and touched a high of Rs.3,785 per quintal.

Australian chana dal traded higher by Rs 150 at Rs 4,550/100 Kg due to good trade from wholesalers/retailers counter. Domestic chana dal of Pistol brand moved up by Rs 150 at Rs 4,750, Samrat brand at Rs 5,250 and Angel brand at Rs 5,150. While, Chana besan offered weak by Rs 50 at Rs 2,800/50Kg. Vatana besan traded steady at Rs 1,930/50 Kg. Vatana dal trades flat at Rs 3,300-3,350.

At Rayalaseema, new Kabuli Chana count 85-90 and Coc-2 variety offered lower by Rs 100 at Rs.4,400/100Kgs in loose and Rs.4,500/100Kgs for spot loading. Similarly, it priced down by Rs 100 at Rs.5,000/100Kgs for Delhi-delivery.No Delhi buyers were active in purchasing kabuli chana even at lower rates of around 4,600-4,700/100Kg from Maharashtra. In Maharashtra, the commodity was traded in the range of Rs 4,000-4,200/100Kg spot as per quality.

Selective counts 42-44 and 44-46 of new Kabuli Chana traded firm at Indore by Rs 100-150 at Rs 8,050/100Kg and Rs 7,800 respectively in Indore on lower level buying and slow arrivals.
On other hand, Kabuli Chana of dollar variety slumped by Rs.500/100Kg in the range of Rs.6,000-6,500/100Kgs as per quality on dull buying despite slow supply.

As per market talk, prices are unlikely to sustain at higher rates due to increase in domestic arrivals at major states as there is a bumper crop of chana this year because of favourable weather conditions and also carry over stock. Madhya Pradesh government has extend ‘Bhavantar Bhugtan Yojana’ for rabi crop and this scheme will see farmers flooding the market with their produce.

Imported Masoor (Mumbai):

Canada origin crimson variety masoor along with Australia nugget variety masoor remained unchanged at Rs 3,300/100Kg and Rs 3,400-3,500 respectively amid dull millers' buying support, arrivals of new domestic masoor in Madhya Pradesh and Rajasthan at cheaper prices, availability of MMTC auctioned Canada Masoor (2016) at lower rates in Mumbai/Kolkata and sufficient availability of imported stock.

Demand in processed Masoor also reported sluggish from consumption centres. Canada Masoor dal of Bhiwandi mills offered flat at Rs 4,175/100Kgs, for APMC Vashi market delivery.

In forward business, Canada crimson variety masoor offered at $445 per ton in container on CNF basis Nhava- Sheva For March-April shipment. Australia nugget variety masoor offered at $450 per ton in container on CNF basis Nhava- Sheva For March-April shipment.

Imported White Pea (Mumbai):

Canada, Ukraine and Russia origin White Pea at Mumbai ruled firm by Rs 10/100Kg at Rs 2,911-2,921/100Kgs, 2,871 and Rs 2,821 respectively due to millers buying and absence of fresh supply pressure from overseas.

Moreover, importers were releasing their produce post addition of 50% import duty at Mundra/Hazira port as the commodity has approached the parity level (Cost+ import duty).

Consumption demand in recent years has shifted to White pea dal/besan from chana dal/besan due to cheaper rates.

Arrivals of new domestic white pea began in selected markets of Uttar Pradesh and stockiest were in the market as quality contains low moisture.

Moong (Jaipur):

Moong priced steady to firm in Jaipur market at Rs 4,900/100Kg during the last week on fresh millers trade on some sale counter in processed moong. But, unlikely to sustain due to sufficient availability of stock with private traders and millers.

Similarly, Moong dal prices priced unchanged at Rs 6,000-6,100/100Kg.

Krishnapalli and Madurai district of Tamil Nadu new moghlai variety moong traded weak at Rs 5,700/100Kg for Kolkata delivery.

Ganjam district new moong red matiya moghlai variety traded at Rs 5,300-5,400/100kg for Bargah/Raipur in Odisha.

Srikakulum new moong moghlai variety unpolish traded at Rs 5,100/100Kg for Kolkata delivery and 4,800 for Odisha delivery.

(By Commoditiescontrol Bureau; +91-22-40015513)