MUMBAI (Commoditiescontrol) – White Pea, Chana, Masoor and Urad moved up for the week ended Saturday (July 16-21) amid millers buying activity. While, Tur and Moong prices remained weak amid dull trade and adequate stock.
Week Highlights
# India Kharif Pulses Sowing Down 17.62 % As On July 20 At 82.41 Lakh Ha Vs 100.04 Last Year. Tur : 28.60 Vs 31.87, Urad : 22.16 Vs 31.16, Moong : 23.38 Vs 23.80, Other Pulses: 7.76 Vs 12.86.
# Minister Of State For Food C.R Chaudhary: Buffer Stock Of Pulses At 10.07LT. Tur: 950,455
Urad: 32500, Moong: 24805.
# Rupees Hits All Time Low Of 69.12 Vs Dollar After China Central Bank Weakened Its Daily Reference Rae For Yuan By Most In 2 Yrs.
# Canada Matar Supply-Demand 2018-19 Vs 2017-18 (LT). Output:36.1 Vs 41.1, Import:0.15 Vs 0.12, Export:28 Vs 27, Domestic Use:11.15 Vs 10.25, End Stock:4.1 Vs 7, Avg Rate($/MT): 220-250 Vs 260-270.
# Canada Masoor Supply-Demand 2018-19 Vs 2017-18 (LT). Output:23.75 Vs 25.59, Import:0.5 Vs 0.4, Export:18 Vs 15, Domestic Use:6 Vs 6.14, End Stock:8.25 Vs 8, Avg Rate ($/MT): 420-450 Vs 475-485.
# Government Raises Load Carrying Capacity Of Trucks By Up To 25% After 35 Years.
.jpg)
 Burma Lemon Tur:
Tur Lemon variety of Burma origin declined by Rs 100 at Rs 3,500 amid fresh supply of around 110 containers (1 container = 24 MT) from Burma, dull millers' trade activity.
However, millers who had got licence from the government to import will crush it only to meet their requirement and hence, imported tur is unlikely to arrive in the market.
In Mumbai, Mozambique origin red and white tur priced at Rs 3,100/100Kg and Rs 3,400, respectively amid limited trade.
Domestic tur in bilty trade at Akola traded lower by Rs 200 at Rs 3,975-4,000/100Kg due to dull millers' buying activity as sale counters in Tur dal remained slack at prevailing rates.
There is no parity to purchase tur by millers at existing prices. Liquidation of procured pulse and adequate domestic stock left with government also pressurised sentiments.
But demand is expected at lower rates in the near future due to costly vegetables and firm trend in other pulses.
In Kanpur, Maharashtra origin (Hinghanghat/Nagpur), tur dal Phatka Sortex quality quoted unchanged at Rs 5,850, new semi-Sortex at Rs 5,750, new regular variety at Rs 5,650 respectively.
Latur origin Phatka variety priced unchanged at Rs 5,850/100Kg for Mumbai delivery. Jalna origin phatka variety at Rs 6,100/100Kg for Mumbai delivery. Khamgaon origin phatka variety also ruled steady at Rs 5,850/100Kg for Mumbai delivery. Gujarat origin Wasat Phatka variety spot offered stable at Rs 6,100-6,400/100Kg, but no trade was reported due to dispute.
Statewise Kharif Tur Sowing Down 10.26 % As On July 18 Vs Last Yr (LAKH HA). Karnataka:6.91Vs 7.10, Maharashtra:9.70 Vs 9.70, Uttar Pradesh:1.26 Vs 1.80, Madhya Pradesh:4.26 Vs 5.70, Gujarat:1.50 Vs 2.13, Telangana:2.19 Vs 1.73, Andhra Pradesh:0.37 Vs 0.43, Odisha:0.47 Vs 0.74, Jharkhand:0.82 Vs 1.19, Rajasthan:0.14 Vs 0.11, Total:28.60 Vs 31.87.
.jpg) Burma Urad:
In Mumbai, Burma urad FAQ variety ruled firm by Rs 125 at Rs 3,525/100Kg due to fresh buying support from mills, sellers' reluctant to liquidate their stocks despite fresh supply of around 49 containers (1 container = 24 MT) from Burma.
However, demand in processed Urad was reported slow from consumption centres. Bikaner origin branded Urad dal remained flat at Rs 4,750-5,050/100Kg. Tiranga brand of Mumbai at Rs 5,350/100Kg.Parivar brand of Jalgaon at Rs 5,000/100Kg.
At Chennai, Urad SQ declined by Rs 150 at Rs 4,600/100Kg in ready delivery as per condition amid slow millers' buying and ongoing delivery of Urad containers at Chennai port from Burma. While, FAQ variety remained flat at Rs 3,600.
Urad FAQ/SQ variety quoted at Rs 3,500-3,550/100Kg and Rs 4,550, respectively for 15 August-15 September delivery.
Liquidation of procured stock by government agencies such as Nafed/FCI at lower prices in major states has pressurised sentiments.
Statewise Kharif Urad Sowing Down 28.88 % As On July 18 Vs Last Yr (LAKH HA). Karnataka:0.81 Vs 1.09, Maharashtra:2.67 Vs 3.49, Rajasthan:3.11 Vs 4.62, Madhya Pradesh:11.32 Vs 16.23, Uttar Pradesh:1.90 Vs 2.46, Gujarat:0.45 Vs 0.75, Telangana:0.21 Vs 0.25, Andhra Pradesh:0.09 Vs 0.20, Tamil Nadu:0.20 Vs 0.33, Uttrakhand:0.24 Vs 0.22. Total:22.16 Vs 31.16.
According to market sources, prices of urad are likely to get support at lower rates in the long-term amid concerns over acreage/area under the crop as sowing may shift to Moong due to higher MSP.
NAFED Procures (Rabi 2018) 86928.42 MT Urad As On 3 July At MSP Prices Of Rs 5400. Andhra Pradesh:79163.796 (Target completed on 25.06.2018), Tamil Nadu:1547.86 (Target completed on 29.06.2018), Odisha:4216.77, Telangana:2000 (Target completed on 14.05.2018).
 Chana Kantewala (Indore):
At Indore market, Chana prices moved up for the third straight week by Rs 50 at Rs 4,275/100Kg following firm cues from futures, improved millers' buying, positive trend in White Pea as no sellers were active and low domestic arrivals.
Sales counters in processed chana remained slow at prevailing rates.
Australia origin Chana in ready business at Mundra gained by 50 to Rs 4,300-4,350/100kg. While, the pulse was flat at Rs 4,300 in Mumbai. Quality of commodity in Mumbai was reported average. MMTC were active in selling procured chana at Mundra port.
At National Commodity and Derivatives Exchange (NCDEX), Chana August month contract settled lower 0.9 per cent or Rs 37 at Rs.4,275/100Kgs.
Chana stocks at NCDEX accredited warehouses stood at 52,188 metric tonnes as on 20th July, up from 51,879 metric tonnes in the previous session, the exchange data showed. Akola:49471, Bikaner 1398, Jaipur 1319.
Technically, for NCDEX Chana August Contract, hold long position with a stop loss of 4137. Expect higher range of 4367-4465 to be tested. Expect a rally towards the retracement of the fall from 6428 to 3245 on C1 chart. The chart is attached. Retracement levels of the fall 6428 to 3245 are placed at 4482-4848-5229.
Australian chana dal traded higher by Rs 150 at Rs 5,150/100 Kg amid good trade volume. Domestic chana dal of Pistol brand also moved up by Rs 200 at Rs 5,300, Samrat brand at Rs 5,400 and Angel brand by Rs 200 at Rs 5,600. Chana besan also ruled firm by Rs 125 at Rs 3,151/50Kg. Vatana besan gained by Rs 200 at Rs 2,710/50 Kg. Vatana dal up by Rs 400 at Rs 4,850.
Kabuli Chana of 42-44 and 44-46 counts traded higher by Rs 200 at Rs 6,800/100Kgs and Rs 6,600, respectively at Indore due to local buying, following good rise in chana prices. Ample stock in the country due to higher production this season and dull overseas demand due to price parity will limit the gains.
Kabuli Chana dollar variety priced firm by Rs 300 at Rs.5,800-6,500/100Kgs as per quality at Indore on fresh trade.
According to market sources, now buying at dips is ideal strategy as sentiment is likely to remain upbeat in the coming days amid low domestic arrivals and firm trend in White Pea due to shortage of stock and absence of active sellers.
Prices have been rising due to reduction in imports from overseas as government had put quantitative restrictions and higher import duty on Chana and White Pea to raise domesic prices of pulses in a bid to support farmers.
Earlier consumption of white Pea was better compared to chana due to its low prices and ample stock, but scenario has changed as consumption demand shifted to chana due to shortage of white Pea.
.jpg) Imported Masoor (Mumbai):
Canada origin masoor in Container along with Australia Masoor remained firm by Rs 100/100Kg amid improved millers buying, no supply pressure from overseas, slow arrivals of domestic crop and firm trend in other pulses.
Also, sellers have showed little interest in liquidating the pulse at existing prices amid depleting stock of imported masoor.
Canada crimson variety masoor in container moved up by Rs 100 at Rs 4,000-4,100/100Kg. While Canada masoor in vessel priced unchanged at Rs 3,800-3,900. Stock of Canada masoor old in vessel was low and offered as per quality. MMTC were active in selling procured old masoor stock at Rs 3,600/100Kg in Mumbai.
Australia Masoor nugget variety moved higher by Rs 100 at Rs 4,100-4,200/100Kg as per quality against limited stock.
However, demand in processed Masoor was reported limited from consumption centers. Canada Masoor Khopoli spot priced higher at Rs 4,900/100Kg.
 Imported White Pea (Mumbai):
Canada origin white pea at Mumbai, Hajira and Mundra ports, Russia White Pea at Mumbai/Mundra port along with Ukraine White Pea at Dahej port moved up by Rs 250-300/100kg amid improved buying support and shortage of ready stock.
Canada White Pea traded higher at Rs 4,300/100Kg at Mumbai, Rs 4,200 at Mundra and Rs 4,250 at Hajira port. Russia origin Baltic variety gained at Rs 4,175 in Mundra. Ukraine White Pea priced at Rs 4,250 at Mumbai, Mundra, Hajira.
Also, sellers were not interested to liquidate the good quality pulse amid depleting stock of imported white pea, increase in consumption as compared to chana and slow supply pressure from overseas.
Meanwhile, demand in Matar dal/besan has been good at prevailing rates.
Vessel M V TEXAS carrying 21371.35 tonnes of Lithuania White Pea is discharging at Mundra port.
Vessel M V LADY AMNA carrying 16457.48 tonnes of Ukraine White Pea is expected to arrive at Kolkata port soon.
Vessel M V LADY AMNA carrying 10954.95 tonnes of Russia White Pea is expected to arrive at Kolkata port soon.
.jpg) Moong (Jaipur):
Moong prices remained weak for the second straight week by Rs 100 at Rs 5,000/100Kg as per quality in Jaipur market on slack buying at higher rates.
Similarly, Moong dal prices also ruled lower by Rs 100 at Rs 6,400/100Kg as per quality.
Meanwhile, government agencies are also active to sale their procured stock in Rajasthan, Madhya Pradesh, Andhra Pradesh, Karnataka and Maharashtra.
Statewise Kharif Mung Sowing Down 1.8 % As On July 18 Vs Last Yr (LAKH HA). Karnataka:3.79 Vs 3.13, Maharashtra:3.12 Vs 3.39, Rajasthan:12.99 Vs 12.02, Madhya Pradesh :1.47 Vs 1.93, Uttar Pradesh:0.23 Vs 0.27, Gujarat:0.13 Vs 0.73, Tamil Nadu:0.16 Vs 0.13, Andhra Pradesh:0.07 Vs 0.11, Telangana:0.60 Vs 0.68, Total:23.38 Vs 23.80.
NAFED Procures (Rabi 2018) 3679.78 MT Moong As On 1 July At MSP Prices Of Rs 5575. Andhra Pradesh:1604.054 (Procurement period completed on 25.06.2018), Odisha: 2075.72.
(By Commoditiescontrol Bureau; +91-22-40015513)
|
0 Comments 
Post Comment 
