MUMBAI (Commoditiescontrol) – Selected pulses, such as Tur, Masoor and White Pea prices moved up for the week ended Saturday (April 30- May 05) amid fresh low level buying support as some enquiries in processed pulses were reported.
While, Chana, Urad and moong remained flat amid slow trade activity.
Week Highlights
#As per last notification, restriction for Urad & Moong continues FY 18-19 also. Urad & Moong can be imported 1.5 lacs MTs each (Total 3 lacs MTs).
#Rajasthan 2018-19 Kharif Production Target In LT Vs Last Year. Moong: 8.80 Vs 9.70, Moth: 5.40 Vs 3.23.
#NCDEX Postpones Launch Of Contracts On Following Commodity Till Further Notice
Chana.
# Canada Agri Dept Publish Matar/Masoor Intention For 2018. Matar Area May Decline 5.5% To 39 Lakh Acres Vs Last Yr. Masur Area May Decline 8.1% To 41 Lakh Acre.
Burma Lemon Tur:
Tur Lemon variety of Burma origin tur gained by Rs 75 at Rs 3,750/100kg due to fresh millers' trade activity at lower rates as enquiries in tur dal were reported. Mango crop had been damaged due to weather concerns in some parts of India.
On other hand, domestic new tur in bilty trade at Akola remained unchanged at Rs 4,125-4,150/100Kg.
NAFED Procures (Kharif 2017-18) 793157.80 MT Tur As On 2 May At MSP Prices Of Rs 5450. Gujarat:52616.60, Maharashtra:274141.33, Karnataka:335499.88, Andhra Pradesh:55600, Telangana:75300.
Latur origin new Phatka variety moved up by Rs 50-75 from lower level at Rs 5,600-5,800/100kg. Similarly, Gujarat origin Wasat Phatka variety new quoted firm by Rs 100 at Rs 6,000-6,300/100Kg. Jalna origin new phatka variety also priced higher at Rs 5,800-6,000/100Kg.
Burma Urad:
In Mumbai, new crop of Burma urad FAQ variety remained flat at Rs 3,551/100Kg amid slack trade, availability of adequate domestic stock on the back of fresh arrivals of rabi domestic crop in Andhra Pradesh/ Tamil Nadu.
Millers and traders were purchasing domestic urad from Madhya Pradesh, Rajasthan and Uttar Pradesh as they were getting superior quality stocks at cheaper rates.
Liquidation of procured stock by government agencies such as Nafed/FCI at lower prices has also exerted pressure.
Moreover, lacklustre demand in processed Urad from retailers and wholesalers kept the sentiments weak in the commodity. Bikaner origin branded Urad dal offered at Rs 4,500-4,700/100Kg. Tiranga brand of Mumbai at Rs 5,500/100Kg.Parivar brand of Jalgaon at Rs 5,200/100Kg.
Similarly, at Chennai, Urad FAQ and SQ variety also ruled unchanged at Rs 4,100/100Kg and Rs 4,700, respectively.
Chana Kantewala (Indore):
At Indore market, Chana prices traded higher by Rs 100 at Rs 3,500/100Kg amid local trade activity from dal mills, slow arrivals and also farmers were interested to liquidate their stock at MSP prices to government agencies.
NAFED Procures (Rabi 2018) 581066.928 MT Chana As On 1 May At MSP Prices Of Rs 4400. Maharashtra:43124.940, Rajasthan:117135.725, Madhya Pradesh:165449.499, Andhra Pradesh:77662.450, Gujarat:393, Karnataka:127301.264(Target completed on 22.04.2018), Telangana:50000.050(Target completed on 10.04.2018).
On the other hand, Australia origin Chana at Mumbai and Mundra ports remained flat each at Rs 3,500/100Kg and Rs 3,550 on thin buying.
At National Commodity and Derivatives Exchange (NCDEX), chana for May contract settled lower 0.2 per cent or Rs.8 at Rs.3,550/100Kgs. Earlier in the day, the contract hit a low of Rs.3,528 and touched a high of Rs.3,580 per quintal.
Chana stocks at NCDEX accredited warehouses stood at 26,057 metric tonnes as on 4th May, up from 24,191 metric tonnes in the previous session, the exchange data showed. Akola:20131, Bikaner 4527, Jaipur 1399.
Technically, for NCDEX Chana May Contract, the trend is down. Cover short position at 3576 or below as the opportunity arises. Expect a rise towards 3601-3642 to be tested.
Australian chana dal offered flat at Rs 4,200/100 Kg amid thin trade activity. Similarly, domestic chana dal of Pistol brand remained steady at Rs 4,300, Samrat brand at Rs 4,850 and Angel brand at Rs 4,600. Chana besan also priced unchanged at Rs 2,730/50Kg. On other hand, Vatana besan traded higher at Rs 2,110/50 Kg and Vatana dal at Rs 3,750.
Kabuli Chana of 42-44 and 44-46 counts gained by Rs.100 each to Rs 6,350/100Kgs and Rs 6,100 respectively at Indore amid fresh demand at lower rates from stockists and exporters coupled with reducing arrivals.
Kabuli Chana dollar variety traded flat at Rs.4,500-5,500/100Kgs at Indore on slow trade and regular arrivals.
Imported Masoor (Mumbai):
Canada origin crimson variety masoor both in Container and Vessel moved up by Rs 50-75/100Kg in Mumbai amid millers' buying support and slow arrivals of new domestic crop.
Canada crimson variety masoor in container gained by Rs 50 at Rs 3,650-3,750/100Kg. Old Canada masoor of vessel also traded firm by Rs 75 at Rs 3,475-3,575.
Similarly, Australia Masoor quoted higher by Rs 50 at Rs 3,850-3,950/100Kg for limited stock.
NAFED Procures (Rabi 2018) 24786.84 MT Masoor As On 2 May At MSP Prices Of Rs 4250. Madhya Pradesh:24786.84.
Demand in processed Masoor was also reported slack from consumption centres at existing rates. Canada Masoor dal of Bhiwandi mills offered at Rs 4,300/100Kgs, for APMC Vashi market delivery.
In forward business, Canada crimson variety masoor offered at $440 per ton in container on CNF basis Nhava- Sheva For May-June shipment. Australia nugget variety masoor offered at $460 per ton in container on CNF basis Nhava- Sheva For May-June shipment.
Imported White Pea (Mumbai):
Canada, Ukraine and Russia origin White Pea at Mumbai traded higher by Rs 30-40 at Rs 3,325/100Kgs, 3,201 and Rs 3,181, respectively amid better buying activity after India put imports of matar (peas) under the restricted category and fixed a cap for its in-bound shipments up to one lakh tonnes for a period of three months.
Moreover, business activities in Matar dal and besan were reported good at current rates from consumption centres.
Consumption demand in recent years has shifted to White pea dal/besan from chana dal/besan due to cheaper rates.
Moong (Jaipur):
Moong prices quoted flat at Rs 5,000/100Kg in Jaipur market during the week on thin millers' buying at prevailing rates, adequate stock and fresh arrivals.
Arrivals of summer crop moong are expected to begin from May-June in Madhya Pradesh, Uttar Pradesh, Gujarat and Bihar.
Similarly, Moong dal prices also ruled unchanged at Rs 6,100-6,200/100Kg as per quality.
Nafed is active for sale of Moong in Maharashtra, Karnataka, Madhya Pradesh, Andhra Pradesh and Telangana.
(By Commoditiescontrol Bureau; +91-22-40015513)