Weekly: Urad, Masoor Widen Losses In Pulses Complex

MUMBAI (Commoditiescontrol) – Urad, Masoor, Green and White Pea declined during the week ended Saturday (February 11-16) due to dull buying support from mills. While, Kabuli Chana and Moong gained amid fresh trade activity. On other hand, Tur and Chana prices traded more or less steady on limited buying support.

Supply from overseas, limited sale counters in processed pulses and liquidity crunch have been pressurising the sentiments.

Week Highlights

# India Rabi Pulse Sowing down by 5.91 % as on February 15 to 156.30 lakh Ha vs 166.11 last year at the same period. Chana: 96.59 Vs 107.57, Masoor: 16.93 Vs 17.25, Matar: 10.44 Vs 9.38, Urad: 9.35 Vs 9.77, Moong: 7.63 Vs 8.81, Other Pulses:6.20 Vs 5.84.
# Russia White Pea Export Up 33 Per Cent In December 2018 Vs November 2018. Russia Exported 104932 MT In December Vs 78723 MT In November. Total Export UP 18.84 % At 1072254 MT Same Period Last Year. Major Buyers In December (MT). Spain:33902, India: 20645, Turkey:14164.





Burma Lemon Tur:

Tur Lemon variety of Burma origin ruled unchanged to Rs 5,000/100Kg in Mumbai amid limited buying support from mills as per requirement for crushing.

Thin demand and sale counters in old and new processed Tur from consumption centres along with selling of old procured Tur stock of Kharif 2017 by Nafed has pressurised the sentiments.

Tur 2017-18 Balance Stocks With Nafed At 5.78 Lakh Tonnes.

Similarly, In Mumbai, Mozambique Tur Zebra variety priced flat at Rs 4,050/100Kg, Gajri variety at Rs 4,525-4,600 and red variety at Rs 4,400.

On other hand, domestic tur in bilty trade at Akola remained marginally weak at Rs 5,425-5,450/100Kg.

NAFED has successfully procured 90460.86 MT of Tur at Minimum Support Price of Rs 5,675/100kg as on February 14, 2019. Telangana:62482.56, Karnataka:27530, Gujarat:442.75, Tamil Nadu:5.55.

Latur origin old Phatka variety Tur dal remained weak by Rs 50 at Rs 6,950-7,150/100Kg for Mumbai delivery, Gujarat origin Wasat old phatka variety offered at Rs 6,950-7,150/100Kg, Khamgaon origin old Phatka variety at Rs 7,050-7,250/100Kg (Mumbai Delivery) and Jalna origin old phatka variety at Rs 6,950-7,150/100Kg (Mumbai Delivery).

Similarly, Latur origin new Phatka variety also offered lower by Rs 50 at Rs 7,550/100Kg for Mumbai delivery, Gujarat origin Wasat new phatka variety offered at Rs 7,900-8,200/100Kg, Khamgaon origin new Phatka variety at Rs 7,400-7,600/100Kg (Mumbai Delivery), Jalna origin new phatka variety at Rs 7,900-8,100/100Kg (Mumbai Delivery) and Solapur origin new phatka variety at Rs 7,400-7,500/100Kg (Mumbai delivery).

In forward trade, Tur Phatka variety of Latur ( Pistol/Popat/Dollar) were priced at Rs 8,000/100Kg spot for March and Rs 8,200 spot for April and Rs 9,200 for Diwali.

As per market sources, resellers who had earlier purchased the tur stock earlier at lower rates, were active in the market.

However, buying at dips is now ideal strategy due to lower output this year compared to last year. Arrivals of domestic tur are less as farmers are holding back with selling very limited quantity to Nafed at MSP as per financial requirements. Farmers are waiting in anticipation of higher prices and are not in a hurry to sell.Current market prices are almost at around MSP. Stockists, small traders and millers had maintained good stock of Tur in anticipation that prices may rise more in near future.


Burma Urad:

Burma Urad FAQ variety fell by Rs 25 at Rs 4,425/100Kg at the Mumbai market amid dull buying support from mills as demand for processed urad from consumption centres remained sluggish at prevailing prices.

Similarly, In Chennai, Urad SQ/FAQ varieties ruled weak by Rs 25-50 each at Rs 5,250-5,275/100Kg and Rs 4,200, respectively in ready delivery as per condition.

In forward business, Urad FAQ variety priced lower by Rs 25 at Rs 4,250/100Kg for February 20- March 20 delivery container/godown. While, SQ variety offered firm by Rs 50 at Rs 5,350/100Kg for February 20- March 20 delivery container/godown due to shortage.

Stocks of imported urad at Chennai godowns and upcoming arrivals of domestic crop from Southern markets (Tamil Nadu/Srikakulum) is pressurising sentiments.

Customs is still not giving clearances to approximately 2500 containers (1 container = 24 MT) recently arrived from Burma.

Bikaner origin branded Urad dal priced weak at Rs 6,100-6,300/100Kg for Mumbai delivery. Tiranga brand of Mumbai also quoted at Rs 6,500/100Kg for Mumbai delivery, Parivar brand of Jalgaon at Rs 6,400/100Kg for Mumbai delivery.

NAFED has successfully procured 422000.17 MT of Urad 1n Kharif-2018 Season at Minimum Support Price of Rs 5,600 as on Feb 14, 2019. Rajasthan: 77444.94, Maharashtra :7741.7, Telangana:578.39, Madhya Pradesh:298599.69, Uttar Pradesh:29742.95,Karnataka: 10.1, Gujarat: 7882.4.

NAFED has successfully procured 112.65 MT of Urad 1n Rabi-2019 Season at Minimum Support Price of Rs 5,600 as on Feb 14, 2019. Tamil Nadu:112.65.

Statewise Rabi Urad Sowing Down 4.30 % As On Feb 13 Vs Same Period Last Yr (LAKH HA). Andhra Pradesh:2.85 Vs 3.34, Tamil Nadu:3.89 Vs 3.58, Odisha:2.29 Vs 2.52, Total:9.35 Vs 9.77.

Urad 2017-18 Balance Stocks With Nafed At 1.89 Lakh Tonnes. 108271.66 tonnes of Urad Kharif crop year 2017-18 and 81163.79 MT of Urad Rabi crop year 2018 in the country.


Chana Kantewala (Indore):

Chana prices remained unchanged at Rs 4,250/100Kg in Indore amid thin buying support from millers, ongoing new arrivals.

However, demand in chana dal and besan was slack from consumption centres. Sentiments are still weak as arrivals of new crop are likely to improve and increased availability of the government stock and the rise in selling of chana by the NAFED, especially in the states of Madhya Pradesh and Rajasthan.

Balance Stock of procured Chana with Nafed is 2027417.70 MT as on 14 February, 2019.

Australia origin Chana in ready business at Mumbai and Mundra port offered steady each at Rs 4,175-4,200/100kg, respectively due to average quality and also not much stock left.

Similarly, Burma origin chana ruled unchanged at Rs 4,075-4,100/100Kg.

Chana for March delivery on National Commodity and Derivatives Exchange (NCDEX), settled lower by 1 percent or Rs 44 at Rs 4,252/100kg. Earlier, in the day, the contract hovered in the range of 4,250 and 4,309 on Friday.

Australian chana dal quoted lower by Rs 50 at Rs 5,300/100 Kg for Mumbai delivery. Domestic chana dal of Pistol brand also offered lower at Rs 5,600 for Mumbai delivery, Angel brand at Rs 5,900 for Mumbai delivery, Samrat brand at Rs 5,800 for Mumbai delivery. While, Cana besan priced flat at Rs 3,030/50Kg, Vatana besan at Rs 2,960/50 Kg and Vatana dal at Rs 5,400.

In Mumbai, Sudan/Burma/Ethiopia origin kabuli chana traded firm each at Rs 4,175-4,200/100Kg, Rs 4,500 and Rs 4,225-4,250, respectively as flour millers were active in purchasing due to cheaper prices and easy availability compared to White Pea.

While, Russia Kabuli Chana traded weak at Rs 4,025-4,050/100Kg amid fresh supply in containers and also on quality concerns due to higher moisture content.

Kabuli Chana dollar variety at Indore priced higher by Rs 200 at Rs.5,500-6,800/100Kgs as per quality at Indore and also concerns of crop damage of upto 20-30% due to prevailing cold wave conditions.

Kabuli chana of 40-42, 42-44 and 44-46 counts also traded firm at Rs 7,800/100Kg, 7,600 and Rs 7,400, respectively at Indore market. Arrivals of new Kabuli were reported in Madhya Pradesh.

Statewise Rabi Chana Sowing Down 10.21 % As On Feb 13 Vs Same Period Last Yr (LAKH HA). Maharashtra:13.14 Vs 20, Rajasthan:15.03 Vs 15.06, Karnataka:12.38 Vs 13.95, Madhya Pradesh:34.32 Vs 35.50, Uttar Pradesh:5.83 Vs 5.61, Andhra Pradesh:4.70 Vs 5.24, Telangana:1.10 Vs 1.05, Total:96.59 Vs 107.57.

Imported Masoor (Mumbai):

Canada origin Masoor in vessel/container both old/new along with Australia Masoor old/new slipped by Rs 100/100Kg in Mumbai amid slackened buying and recent supply in break bulk vessel Bravo at Mundra port.

Prices also pressurised as fresh arrivals of new domestic Masoor are likely to begin from February end in Madhya Pradesh/Rajasthan and after festive of Holi in Uttar Pradesh. Nafed is also holding procured stock of Masoor in Madhya Pradesh/Uttar Pradesh.

However, importers booked the cargo at higher prices of around $450 Cnf basis against landing cost of around Rs 4,500/100Kg.

Canada crimson variety masoor in vessel new/old fell by Rs 100 to Rs 4,100/100Kg and Rs 4,000, respectively.

Canada crimson variety masoor in container new/old also offered weak by Rs 100 at Rs 4,200/100Kg and Rs 4,100, respectively.

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

Demand in processed masoor from consumption centres was reported dull. Canada Masoor Khopoli spot traded lower by Rs 50 at Rs 5,150/100Kg.

But, further rise in Tur price may support masoor prices at lower rates due to substitute and also cheaper prices.

Statewise Rabi Masoor Sowing Down 1.86 % As On Feb 13 Vs Same Period Last Yr (LAKH HA).

Madhya Pradesh:5.60 Vs 5.96, Uttar Pradesh:5.80 Vs 5.97, Bihar:2.13 Vs 2.16, West Bengal:1.92 Vs 1.59, Uttrakhand:0.15 Vs 0.15, Jharkhand:0.57 Vs 0.69, Total:16.93 Vs 17.25.


Imported White Pea (Mumbai):

Canada origin White Pea and Ukraine White Pea new remained weak by Rs 25-50/100Kg in Mumbai on absence of buying support, average quality and also demand from traders, millers and flour millers shifted to chana/Kabuli chana due to cheaper prices as compared to white pea.

Arrivals of new White Pea in few places of Uttar Pradesh has also pressurised the sentiments due to lower rates and good crop compare to last year.

However, custom is still not given clearance of bill of entries pertaining to pulses at Chennai/Kolkata port. White pea were allowed to unload in custom Bond Chennai/Kolkata port warehouse.

Canada White Pea old/new traded at Rs 4,700-4,925/100Kg. While Ukarine White Pea new traded at Rs 4,750/100Kg.

However, demand in matar dal/besan remained slow at prevailing rates.

Statewise Rabi Field Pea Sowing Up 11.30 % As On Feb 13 Vs Same Period Last Yr (LAKH HA). Madhya Pradesh:3.69 Vs 2.91, Uttar Pradesh:4.57 Vs 4.17, Assam:0.38 Vs 0.40, Bihar:0.31 Vs 0.32, Chattisgarh:0.46 Vs 0.45, Total:10.44 Vs 9.38.


Moong (Jaipur):

Moong prices moved higher by Rs 100-200 at Rs 5,400-5,600/100Kg as per quality at Jaipur market amid fresh millers buying support.

While, Moong dal prices traded unchanged at Rs 6,700-6,800/100Kg, depending on the variety.

However, Nafed were active in selling old procured balance stock of Kharif 2017 in Rajasthan, Madhya Pradesh and karnataka.

NAFED has successfully procured 295245.98 MT of Moong in Kharif 2018 season at Minimum Support Price of Rs 6,975 as on Feb 14, 2019. Rajasthan: 236277.28, Karnataka: 28950, Telangana: 13375.31, Maharashtra: 12252.03, Madhya Pradesh: 2650.96, Tamil Nadu: 364.9, Haryana: 224.9, Gujarat: 1150.6.

NAFED has successfully procured 8 MT of Moong in Rabi 2019 season at Minimum Support Price of Rs 6,975 as on Feb 14, 2019. Tamil Nadu:8.

Statewise Rabi Moong Sowing Down 13.39 % As On Feb 13 Vs Same Period Last Yr (LAKH HA). Andhra Pradesh:0.97 Vs 0.97, Tamil Nadu:1.03 Vs 1.12, Odisha:5.16 Vs 6.19, Total:7.63 Vs 8.81.

Canada Green Pea (Mumbai):

Canada origin Green pea declined by Rs 100-200 to Rs 7,000-7,100/100Kg at Mumbai amid dull buying support at higher rates and availibility of sufficient stock at Mumbai/Chennai cold storage and godowns.

However, no further supply pressure from overseas was reported as custom has stopped clearance of bill of entries pertaining to pulses at Chennai port. Green pea were allowed to unload in custom Bond Chennai port warehouse.

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