Login ID:
Partner Login
Contact Us : 7066511911

Weekly: Masoor Extends Gains This Week; Chana/White Pea Widen Losses

12 Jan 2019 6:19 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) – Masoor prices moved higher for a second straight week during the week ended Saturday (January 7-12, 2019) due to better buying support from mills. While, Chana and White Pea widened losses amid dull trade activity. On the other hand, Tur, Urad, Moong and Green Pea ruled unchanged on slow trading volme.

Week Highlights

# India Rabi Pulse Sowing down by 5.73 % as on January 11 to 147.91 lakh Ha vs 156.90 last year at the same period. Chana: 94.61 Vs 105.28, Masoor: 16.77 Vs 17.10, Matar: 10.29 Vs 9.26, Urad: 6.74 Vs 7.49, Moong: 4.86 Vs 4.88,Other Pulses:5.80 Vs 5.46.
# Madras High Court Hearing Updated. All Arguments Completed. No New Stay Will Be Granted. Judgement Is Pending. Judgement Date Will Be Announced Soon.
# Karnataka pulses traders have urged the government to implement the price deficiency payment scheme or Bhavantar yojana for purchase of tur from farmers.Under Bhavaantar or PDPS, the government has to pay only the difference between the market price and the minimum support price to the farmers.

Burma Lemon Tur:

Tur Lemon variety of Burma origin remained more or les unchanged to Rs 4,650/100Kg in Mumbai amid limited millers buying as demand and sale counters in both old and new processed Tur reported thin.

In Mumbai, Mozambique Tur both Zebra/Gajri/White variety also traded flat at Rs 4,000-4,500/100Kg on thin trade activity. Meanwhile, vessel Sea Music from Mozambique has completed discharging 22044 MT Tur at Mumbai port.

Similarly, domestic tur in bilty trade at Akola also priced steady at Rs 5,125-5,150/100Kg following trend in imported Tur.

As per market talk, still price difference between old and new Tur dal is more and traders and millers were holding old stock. Prices may get support after reducing old stock.

However, prices of Tur are likely to get support after Madras high court has reserved its verdict no further stay will be granted as after hearing arguments from all sides. Also, poor supply of new tur in the country due to estimates of lower production. The shortage can take the prices above the MSP. Demand and sale counters in processed Tur expected to be pick up after Makar Sankranti. Government procurement to support the prices has not started in other states, except Telangana.

As per Burma based trader, container Vessel carrying pulses already sailed on January 10 from Yangon for Chennai along with another vessels scheduled to depart on 15th January and 18th January from Yangon for Chennai/Kolkata will be cleared at Indian ports as buyers have already secured permit. But, after that no other vessel carrying pulses will depart for India.

Arrivals of new Tur have begun at Burma in full flow and new crop is expected to be lower by 50 per cent around 50,000-1,00,000 tonnes, but quality was reported superior. Carry forward old crop stock is approximately 50,000 tonnes.

NAFED has successfully procured 23475.10 MT of Tur at Minimum Support Price of Rs 5,675/100kg as on January 11, 2019.Telangana:23475.10.

Latur origin old Phatka variety priced unchanged at Rs 6,500-6,600/100Kg for Mumbai delivery, Gujarat origin Wasat old phatka variety offered at Rs 6,600-6,800/100Kg, Khamgaon origin old Phatka variety at Rs 6,400-6,600/100Kg (Mumbai Delivery) and Jalna origin old phatka variety at Rs 6,700-6,800/100Kg (Mumbai Delivery).

Similarly, Latur origin new Phatka variety also ruled flat at Rs 7,000/100Kg for Mumbai delivery, Gujarat origin Wasat new phatka variety offered at Rs 7,300-7,600/100Kg, Khamgaon origin new Phatka variety at Rs 6,900/100Kg (Mumbai Delivery) and Jalna origin new phatka variety at Rs 7,200-7,400/100Kg (Mumbai Delivery).

Burma Urad:

Burma urad FAQ variety priced unchanged for second straight week at Rs 4,500/100Kg at the Mumbai market amid thin buying by mills and also on regular import in Chennai/Kolkata.

Similarly, in Chennai, Urad SQ/FAQ variety ruled steady each at Rs 5,300/100Kg and Rs 4,250-4,275, respectively in ready delivery as per condition.

In forward business, Urad SQ priced at Rs 5,350-5,375/100Kg for whole february delivery. While, FAQ variety offered at Rs 4,400/100Kg for whole february delivery.

As per Burma based trader, container Vessel carrying pulses already sailed on January 10 from Yangon for Chennai along with another vessels scheduled to depart on 15th January and 18th January from Yangon for Chennai/Kolkata will be cleared at Indian ports as buyers have already secured permit. But, after that no other vessel carrying pulses will depart for India.

Urad crop arrivals also began in low quantity and new crop is expected to be good around 5,00,000-6,00,000 tonnes. Carry forward old crop stock is at around 1,00,000 tonnes.

Moreover, higher stocks of imported urad at Chennai godowns, upcoming arrivals of domestic crop from southern markets (Kovilpatti in Thoothukudi District, Viluppuram district, Thanjavur and Machilipatnam of krishna district in Andhra Pradesh) in January may pressurised the sentiments for short term. Long term outlook is good due to lower crop in the country, particularly tight availability of good quality urad and also if government restrict further Urad imports.

However, demand for processed urad from consumption centres remained thin at prevailing prices.

Bikaner origin branded Urad dal priced at Rs 6,000-6,300/100Kg for Mumbai delivery amid slow trade activity. Tiranga brand of Mumbai also quoted at Rs 6,500/100Kg for Mumbai delivery, Parivar brand of Jalgaon at Rs 6,200/100Kg for Mumbai delivery.

NAFED has successfully procured 322712.33 MT of Urad at Minimum Support Price of Rs 5,600 as on Jan 11, 2019. Rajasthan: 77444.94, Maharashtra :7699.3, Telangana:578.39, Madhya Pradesh:212723.15, Uttar Pradesh:21203.15,Karnataka: 170.3, Gujarat:2893.1.

Statwise Rabi Urad Sowing Down 10.01 % As On Jan 9 Vs Same Period Last Yr (LAKH HA). Andhra Pradesh:2.27 Vs 3.08, Tamil Nadu:2.44 Vs 2.44, Odisha:1.76 Vs 1.74. Total:6.74 Vs 7.49.

Chana Kantewala (Indore):

Chana prices eased at Rs 4,400/100Kg in Indore following weak cues from futures and dull physical trade activity.

However, demand in chana dal and besan was slack from consumption centres. Sentiments were still weak due to continued selling of stock at lower rates by government agency and availability of large stocks with Nafed and also with private traders to fulfill demand till upcoming new crop.

Similarly, Australia origin Chana in ready business at Mumbai and Mundra port fell by Rs 100 each at Rs 4,250/100kg, respectively.

On other hand, Burma origin chana traded flat at Rs 4,150/100Kg on thin buying activity.

Chana for January delivery on National Commodity and Derivatives Exchange (NCDEX), was settled firm by 0.3 per cent or Rs 13 at Rs 4,170/100kg. Earlier, in the day, the contract hovered in the range of 4,125 and 4,170 on Friday.

Chana stocks at NCDEX accredited warehouses stood at 12,244 metric tonnes (Akola: 1,666, Bikaner 10,346 and Jaipur 232) as on 10th January, down from 12,760 metric tonnes in the previous session, the exchange data showed.

Australian chana dal quoted steady at Rs 5,500/100 Kg for Mumbai delivery on thin trade activity. Domestic chana dal of Pistol brand also offered flat at Rs 5,800 for Mumbai delivery, Angel brand at Rs 6,100 for Mumbai delivery, Samrat brand at Rs 6,000 for Mumbai delivery. On other hand, Chana besan ruled weak at Rs 3,090/50Kg and Vatana besan at Rs 3,000/50 Kg. While, Vatana dal priced unchanged at Rs 5,400.

In Mumbai, Sudan/Burma origin kabuli chana traded unchanged each at Rs 4,200/100Kg and Rs 4,400, respectively amid limited trade activity by besan flour millers and traders.

Kabuli Chana dollar variety at Indore priced lower by Rs 200 at Rs.4,800-5,500/100Kgs as per quality at Indore.

Kabuli chana of 42-44 and 44-46 counts quoted steady at Rs 5,900/100Kg and Rs 5,700, respectively at Indore market.

Prices may get support at lower rates as the government extended curbs on import of yellow peas till March 2019 and also on progress of rabi crop sowing, which has already lagging behind as compared to last year.

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 and higher rates of white Pea compare to Chana and Kabuli chickpea.

Statewise Rabi Chana Sowing Down 10.13 % As On Jan 9 Vs Same Period Last Yr (LAKH HA). Maharashtra:12.11 Vs 18.48, Rajasthan:15.03 Vs 15.06, Karnataka:12.38 Vs 13.95, Madhya Pradesh:34.32 Vs 35.50, Uttar Pradesh:5.83 Vs 5.55, Andhra Pradesh:4.49 Vs 5.03, Telangana:1.04 Vs 0.97. Total:94.61 Vs 105.28.

Imported Chana old Stocks At Mundra Ports around 24384.156 MT As On January 11.

Imported Masoor (Mumbai):

Canada origin Masoor in vessel/container both old/new along with Australia Masoor old/new moved higher for second straight week by Rs 100/100Kg in Mumbai on millers demand, unfavourable weather in the wake of prevailing cold wave conditions in Madhya Pradesh and Uttar Pradesh and also on cheaper prices as compared to Tur.

Canada crimson variety masoor in vessel old/new gained by Rs 100 to Rs 4,000-4,100/100Kg and Rs 4,300, respectively. Similarly, Canada crimson variety masoor in container new ruled firm by Rs 100 at Rs 4,350/100Kg. While, Canada crimson variety masoor in container old priced flat at Rs 4,100-4,200, respectively.

Australia masoor nugget variety both old/new also rose by Rs 100 at Rs 4,200-4,300/100Kg and Rs 4,400, respectively as per quality amid limited stock availability.

Demand in processed masoor from consumption centers reported good. Canada Masoor Khopoli spot traded higher by Rs 100 at Rs 5,050-5,100/100Kg.

However, overseas supply from Canada may limit gains for the short term. But, further rise in Tur price may support masoor prices due to substitute and also cheaper prices.

Statewise Rabi Masoor Sowing Down 1.93 % As On Jan 9 Vs Same Period Last Yr (LAKH HA). Madhya Pradesh:5.60 Vs 5.96, Uttar Pradesh:5.80 Vs 5.96, Bihar:2.12 Vs 2.15, West Bengal:1.85 Vs 1.50, Uttrakhand:0.15 Vs 0.15, Jharkhand:0.52 Vs 0.66, Total:16.77 Vs 17.10.

Imported Masoor old Stocks At Various Indian Ports As On January 11. Mundra:3600.721MT, Hazira:84.161MT, Mumbai: 33054.09 MT. Total: 36738.972 MT.

Imported White Pea (Mumbai):

Canada white pea at Mumbai/Mundra port along with Lithunia white pea at Mundra port and Ukraine White Pea at Mumbai/Mundra and Hajira port remained weak for second straight week with a fall of Rs 50-100/100kg as per quality due supply from Canada at Kolkata and Chennai port.

Canada White Pea old traded at Rs 4,650/100Kg at Mumbai and Rs 4,450-4,475 at Mundra port. Lithunia origin quoted at Rs 4,425-4,450 in Mundra. Ukraine White Pea ruled at Rs 4,550 at Mumbai and Ukraine White Pea offered at Rs 4,425-4,450 at Mundra and Hajira.

However, slow demand in matar dal/besan and availibilty of Chana and Kabuli Chickpea at cheaper prices as compared to white pea will dampened the sentiments.

Statewise Rabi Field Pea Sowing Up 11.12 % As On Jan 9 Vs Same Period Last Yr (LAKH HA). Madhya Pradesh:3.69 Vs 2.91, Uttar Pradesh:4.57 Vs 4.16, Assam:0.37 Vs 0.39, Bihar:0.31 Vs 0.32, Chattisgarh:0.44 Vs 0.45. Total:10.29 Vs 9.26.

Imported White Pea old Stocks At Various Indian Ports As On January 11. Mundra:12849.959MT, Hazira: 7931.861MT, Mumbai:1046.77MT. Total:21828.59.

Moong (Jaipur):

Moong prices priced flat at Rs 5,400-5,900/100Kg as per quality at Jaipur market amid thin millers buying support and slow arrivals in Rajasthan.

However, overseas supply from various origin at Chennai/Mumbai port and dull demand and sale counters in processed moong had weighed sentiments. Moong dal prices offered steady at Rs 6,700-6,900/100Kg, depending on the variety. Still no parity was reported in purchasing good quality as demand in dal were thin.

NAFED has successfully procured 293795.73 MT of Moong at Minimum Support Price of Rs 6,975 as on Jan 11, 2019. Rajasthan: 236277.28, Karnataka: 29136.74, Telangana: 13375.31, Maharashtra: 13007.73, Madhya Pradesh: 1329.12, Tamil Nadu: 364.9, Haryana: 224.9, Gujarat: 77.55, Uttar Pradesh: 2.2.

Statewise Rabi Moong Sowing Down 0.41 % As On Jan 9 Vs Same Period Last Yr (LAKH HA). Andhra Pradesh:0.69 Vs 0.87, Tamil Nadu:0.41 Vs 0.49, Odisha:3.47 Vs 3.27, Total:4.86 Vs 4.88.

Canada Green Pea (Mumbai):

Canada origin green pea at Mumbai remained unchanged at Rs 6,400/100Kg as per quality due to thin trade activity against supply from overseas at Mumbai (JNPT) and Chennai port.

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

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Special Reports
Weekly: Urad/Moong Gain Most This Week; Masoor Slips
Tur Prices May Move Up From Current Level
Weekly: Urad/Tur Gain Most This Week; White Pea Eases
Weekly: Pulses Slip On Dull Demand, Cash Crunch, Recove...
Weekly: White/Green Pea, Kabuli Chana (Indore) Gain Mos...
Top 5 News
USD/MYR—Backing Away from Resistance at 4.2000
USD/IDR—Near the Midpoint of a Multi-month Range (13,90...
USD/BRL—Approaching Symmetrical Triangle Pattern Resist...
U.S. Dollar Index—Remains on an Upward Trajectory
Weekly: ICE Sugar Ends Down As Brazilian Real Sinks Be...
Top 5 Market Commentary
Argentina And Brazil Soy Oil FOB Rates of Seller And Bu...
CBOT Soybeans Drop On Technical Selling Amid Improved W...
ICE Cotton Ends Down; Weekly Crop Quality Report Shows ...
ICE Sugar Ends At Over 1-Week Lows As Brazilian Real E...
Chana Trades Weak At Major Spot Markets
Copyright © CC Commodity Info Services LLP. All rights reserved.