Weekly: Urad, Chana Gain Most This Week; White Pea Softens

MUMBAI (Commoditiescontrol) – Tur, Urad, Moong along with Chana (Domestic market) moved up for the week ended Saturday (August 6-11) amid millers' buying activity. While, White Pea prices remained weak amid slack trade despite shortage of ready stock. On the other hand, Masoor prices remained flat amid thin trade activity.

Traders/Millers are confused that when and how will government will release procured stock at discounted price.



Week Highlights
# India Kharif Pulses Sowing Down 2.9 % As On Aug 10 At 124.15 Lakh Ha Vs 127.89 Last Year. Tur : 42.17 Vs 42.24, Urad : 34.93 Vs 39.69, Moong : 32.13 Vs 30.28, Other Pulses: 14.26 Vs 15.28.
# IMD: Good Rain On Friday In East Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Vidarbha, Odisha, Madhya Maharashtra, Karnataka, Telangana, Coastal Andhra Pradesh; light rain over East Rajasthan and Saurashtra & Kutch.
# Pulses Import At Chennai Port In MT. July Vs June. Tur: 7752 Vs 1296, Urad: 32184 Vs 3888, Masoor: 864 Vs 0, Chana 0 Vs 480, Matar 0 Vs 192, Total: 41856 Vs 6840.
# Government Approves Release Of Procured 34.88 LT Pulses To State/UTs At Discounted Rate Of Rs 15/Kg From Prevailing Wholesale Market Rate.
# A Burma based trader and exporter confirmed to commoditiescontrol that around 133,366 metric tonne of urad has been loaded for India between 4 June to 28 July followed by 65,305 metric tonne of tur. The remaining quantity of urad and tur is expected to load for India in three vessels on August 9, 13 and 15.

Burma Lemon Tur:

Tur Lemon variety of Burma origin traded higher by Rs 25-20 at Rs 3,525-3,550/100Kg at Mumbai market due to millers' buying activity due to cheaper rates despite fresh supply from Burma.

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 eased at Rs 3,100/100Kg and Rs 3,300, respectively amid slow trade.

Domestic tur in bilty trade at Akola traded higher by Rs 75 at Rs 4,025-4,050/100Kg due to millers' buying activity at lower rates, erratic rainfall and some fresh sales counter in Tur dal.

As per market talk, yield and quality may be affected in tur growing areas of Maharashtra (Marathwada belt) and Karnataka if rainfall doesn't occur within 8-10 days. However, key growing areas of Madhya Pradesh, Gujarat and Rajasthan received rainfall over the last couple of days.

In Kanpur, Maharashtra origin (Hinghanghat/Nagpur), tur dal Phatka Sortex quality quoted firm by 50 at Rs 5,700, new semi-Sortex at Rs 5,600, new regular variety at Rs 5,500 respectively.

Latur origin Phatka variety traded higher by Rs 50 at Rs 5,800/100Kg for Mumbai delivery. Jalna origin phatka variety gained by Rs 50 at Rs 6,000/100Kg for Mumbai delivery. Khamgaon origin phatka variety also moved up by Rs 50 at Rs 5,800/100Kg for Mumbai delivery. Gujarat origin Wasat Phatka variety for Mumbai delivery traded up at Rs 6,300-6,600/100Kg.

Statewise Kharif Tur Sowing Down 0.2 % As On Aug 8 Vs Last Yr (LAKH HA). Karnataka:9.47Vs 8.11, Maharashtra:11.85 Vs 12.39, Uttar Pradesh:3.16 Vs 3.16, Madhya Pradesh:6.25 Vs 6.35, Gujarat:2.25 Vs 2.60, Telangana:2.64 Vs 2.40, Andhra Pradesh:1.23 Vs 1.27, Odisha:1.19 Vs 1.27, Jharkhand:1.98 Vs 2.35, Rajasthan:0.14 Vs 0.12. Total:42.17 Vs 42.24.

Burma Urad:

In Mumbai, Burma urad FAQ variety gained by Rs 125 to Rs 3,950/100Kg due to buying from millers, expecting gain in prices ahead due to erratic rainfall and reduced sowing despite supply from Burma at Mumbai & Chennai ports at cheaper prices.

However, demand in processed Urad was reported from consumption centres at lower rates. Bikaner origin branded Urad dal firmed by Rs 50 at Rs 5,100-5,450/100Kg. Tiranga brand of Mumbai at Rs 5,600/100Kg.Parivar brand of Jalgaon at Rs 5,200/100Kg.

Similarly, Burma urad FAQ and SQ traded up by Rs 150-200/100Kg at Chennai amid millers' buying support even around 2500-3000 containers of pulse may arrive at Chennai port from Burma in August month.

Statewise Kharif Urad Sowing Down 11.99 % As On Aug 8 Vs Last Yr (LAKH HA). Karnataka:0.84 Vs 1.18, Maharashtra:3.60 Vs 4.61, Rajasthan:4.64 Vs 5.40, Madhya Pradesh:14.55 Vs 17.16, Uttar Pradesh:6.06 Vs 4.96, Gujarat:1 Vs 1.22, Telangana:0.23 Vs 0.29, Andhra Pradesh:0.13 Vs 0.27, Tamil Nadu:0.36 Vs 0.39, Uttrakhand:0.28 Vs 0.25, Total:34.93 Vs 39.69.

According to market sources, prices of urad are likely to get support in the long-term amid concerns over acreage/area/quality and also on limited imports from overseas, compared to last year due to restriction imposed by the government.

Chana Kantewala (Indore):

At Indore market, Chana prices moved up by Rs 200 at Rs 4,250-4,275/100Kg following firm cues from futures, millers buying activity in the wake of upcoming festive period from next month and improved sales counter in chana dal/besan.

On the other hand, Australia origin Chana in ready business at Mumbai and Mundra ports remained flat at Rs 4,125/100kg and Rs 4,200, respectively on slow millers' buying against limited stock of imported chana. Quality of the commodity in Mumbai was reported average. MMTC were active in selling procured chana at Mundra port.

At National Commodity and Derivatives Exchange (NCDEX), Chana September month contract settled higher by 2.2 per cent or Rs 91 at Rs.4,275/100Kgs.

Technically, for NCDEX Chana September Contract, exit long on rise from 4184-4221.Expect lower range of 4150-4079 to be tested. Sideways volatility and oscillation around DRV is likely.

Chana stocks at NCDEX accredited warehouses stood at 53,771 metric tonnes as on 10th August, down from 54,077 metric tonnes in the previous session, the exchange data showed. Akola:51015, Bikaner 1328, Jaipur 1428.

Australian chana dal traded higher by Rs 50 at Rs 5,050/100 Kg amid fresh buying activity. Domestic chana dal of Pistol brand gained by Rs 50 at Rs 5,350, Samrat brand at Rs 5,650 and Angel brand at Rs 5,650. While, Chana besan quoted flat at Rs 3,100/50Kg. Vatana besan remained firm at Rs 2,750/50 Kg. Vatana dal steady at Rs 4,850.

Kabuli Chana of 42-44 and 44-46 counts traded higher by Rs 150 at Rs 6,450/100Kgs and Rs 6,250, respectively at Indore due to local buying, following good rise in chana prices. Prices are likely to get support in next few weeks ahead of festival season. Ample stock in the country due to higher production this season and dull overseas demand due to price parity may however limit the gains.

Kabuli Chana dollar variety priced firm by Rs 200 at Rs.5,500-6,000/100Kgs as per quality at Indore on fresh trade.

According to market sources, sentiment is likely to remain upbeat in the coming days amid low domestic arrivals and upcoming festive demand.

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.

Imported Masoor (Mumbai):

Canada origin masoor in Vessel and Container along with Australia Masoor stayed steady in Mumbai amid limited millers' buying activity.

MMTC were active in selling procured old Canada masoor stock at Rs 3,600/100Kg. Canada crimson variety masoor in vessel and container each remained unchanged at Rs 3,700-3,800/100Kg and Rs 3,800-3,900, respectively.

Australia Masoor nugget variety also priced unchanged at Rs 4,000-4,100/100Kg as per quality against limited stock.

As per market sources, trade of Canada Masoor reported around 10000-15000 tonnes for August shipment at $380-$390 CNF basis. There was parity to import from Canada at current level of Rs 3,531/100Kg.

Meanwhile, Nafed has also commenced sale of Masoor in Madhya Pradesh from August 9, procured under PSS during rabi 2018, which is likely to keep prices under pressure.

However, demand in processed Masoor was reported limited from consumption centres. Canada Masoor Khopoli spot priced at Rs 4,750/100Kg.

Imported White Pea (Mumbai):

Canada origin white pea at Mumbai, Hajira and Mundra ports, Russia White Pea at Mundra port along with Ukraine White Pea at Mundra/Hajira port remained weak by Rs 50-100/100kg amid dull millers' buying at higher rates as per quality.

Canada White Pea traded weak at Rs 4,300/100Kg at Mumbai, Rs 4,151 at Mundra and Rs 4,221 at Hajira port. Russia origin Baltic variety moved down at Rs 4,100 in Mundra. Ukraine White Pea priced at Rs 4,200-4,221 at Mumbai, Mundra and Hajira.

Meanwhile, millers and traders preferred to purchase the pulse due to its shortage. However, demand in Matar dal/besan remained sluggish at prevailing rates.

Moong (Jaipur):

Moong prices traded higher by Rs 100-200 at Rs 4,800-5,100/100Kg as per quality in Jaipur market on millers' buying support, erratic rainfall in producing centres despite increased sowing figure due to higher MSP.

Arrivals of new moong have began in Karnataka, Andhra Pradesh and Maharashtra. Government had fixed Minimum support prices of Moong higher these season at Rs 6,975/100Kg.

Similarly, Moong dal prices also traded firm by Rs 100-150 at Rs 6,300-6,350/100Kg as per quality.

Statewise Kharif Moong Sowing Up 6.11 % As On Aug 8 Vs Last Yr (LAKH HA).Karnataka:3.90 Vs 3.37, Maharashtra:3.87 Vs 4.28, Rajasthan:18.59 Vs 15.48, Madhya Pradesh:2.10 Vs 2.22, Uttar Pradesh:0.57 Vs 0.40, Gujarat:0.49 Vs 1.14, Tamil Nadu:0.17 Vs 0.18, Andhra Pradesh:0.09 Vs 0.14, Telangana:0.69 Vs 0.87, Total:32.13 Vs 30.28.

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