MUMBAI (Commoditiescontrol) – Major raw pulses such as Tur, Urad, Chana, Masoor, Kabuli Chickpea and White Pea remained lower week ended Saturday (July 8-13) amid dull trading activity at existing rates as sale counters in processed pulses reported limited as per requirement. Bulk buyers/Stockiest were vanished due to cash crunch and government policy/intervention. Arrivals of monsoon these week and cecovery in planting for Kharif Pulses compared to last week as on July 12 had added the sentiments. While, Moong and Green Pea priced almost unchanged on thin buying activity.
Sentiments were more pressurised as Government in Budget 2019 has proposed to impose TDS of 2% if an individual or an entity withdraws Rs. 1 crore or more from a bank account annually which is likely to impact mandi traders and millers as well. However, implemention of these announcement is from 1st September 2019.
As per market view, prices of all pulses likely to get support at lower rates soon as pipeline is empty and also they were traded much below MSP. Arrivals in domestic market were less as kharif sowing period is going on. Strength in buying will be witness soon from Wholesalers/retailers counters ahead of the festive season which begins in August.
Week Highlights
# India Kharif Pulses Sowing Down 25.17 % As On July 12 At 34.22 Lakh Ha Vs 45.73 Last Year. Tur : 12.44 Vs 15.89, Urad : 8.59 Vs 11.56, Moong : 10.58 Vs 13.92, Other Pulses: 2.51 Vs 4.14.
# IMD Forecasts Below-Average Monsoon In Next Two Weeks.
# India Receives Above Normal Rainfall This Week, Boosting Crop Progress.
# Monsoon Deficiency Falls To 21%; East, Northeast See Lowest Rainfall: IMD.
# Rajma Exports From China Declines 75% In June Month. Exports for the June month reached 10,029 MT, down from 40,071 MT in the previous May month. Export sales so far during the marketing year to 87,845, down 29% compared to 1,24,118 in same period during the previous marketing year.
# Exports Of Masoor From Australia Up 69% In June. Exports for the June month reached 27,942 MT, up from 16,532 MT in the previous May month. This lifted export sales so far during the marketing year to 145,373, down 54% last year.
# Masoor Exports From Canada Up 33% In May. Exports for the May month reached 181848 MT, up from 136393 MT in the previous April month. This lifted export sales so far during the marketing year to 1,645,564, up 29% compared to 1,276,030 during the previous marketing year.
Burma Lemon Tur:
Tur Lemon variety of Burma origin declined by Rs 175 to Rs 5,275/100Kg in Mumbai amid dull trade activity from mills as demand and sale counters in processed Tur from Wholesalers/tetailers counters were reported limited.
Similarly, domestic tur in bilty trade at Akola also traded weak by Rs 125 at Rs 5,875-5,900/100Kg.
Statewise Kharif Tur Sowing Down 21.71 % As On July 10 Vs Last Yr (LAKH HA).Karnataka: 2.96 V/s 4.4, Maharashtra: 3.82 V/s 5, Uttar Pradesh:1.14 V/s 0.89, Gujarat: 0.68 V/s 0.9, Madhya Pradesh:1.47 V/s 2.02, Telangana: 1.46 V/s 1.43, Chhattisgarh: 0.11 V/s 0.14.Total: 12.44 V/s 15.89.
Still more rain required in Tur sowing areas in Maharashtra, Karnataka, Andhra Pradesh and Telangana.
Meanwhile, holding capacity of stock by private traders and millers has been decreasing day by day.
Millers were facing disparity as they have to purchase Tur at existing rates and retailers/wholesalers counter were interested to purchase Tur Dal at lower rates. Some millers has to sale at lower rates due to liquidity crunch and were bearing losses.
Meanwhile, ready stock of Tur with government and private traders is sufficient to meet demand. Moreover, government had allocated quota to millers of 4 lakh tons to import till October and also government had MOU to import 1.75 Lakh tons from Mozambique.
Latur origin new Phatka variety remained flat at Rs 8,400-8,600/100Kg for spot. Gujarat origin Wasat new phatka variety at Rs 8,800-9,100/100Kg, Khamgaon origin new Phatka variety at Rs 8,250-8,450/100Kg (spot), Jalna origin new phatka variety at Rs 8,500-8,800/100Kg (spot) and Solapur origin new phatka variety at Rs 8,300-8,500/100Kg (Spot).
Burma Urad:
Burma Urad FAQ variety remained weak by Rs 150 to Rs 4,475-4,500/100Kg at the Mumbai market because of dull trade at prevailing rates on liquidity crunch and weak cues from Chennai.
Similarly, In Chennai, Urad FAQ/SQ variety ruled weak by Rs 150 at Rs 4,325-4,350/100Kg and Rs 5,550, respectively in ready delivery as per condition.
However, millers were active at lower rates for immediate crushing requirement due to limited imported ready stock and delay in overseas supply.
Buyers are cautious after arrival of monsoon in selected states, such as Rajasthan, Madhya Pradesh and Uttar Pradesh, supply of summer crop in Madhya Pradesh /Gujarat and as Nafed is also active to liquidate old/new procured stock in selective states.
Moreover, demand for processed urad remained limited from consumption centers.
Bikaner origin branded Urad dal ruled at Rs 5,900-6,100/100Kg for spot. Tiranga brand of Mumbai also traded at Rs 6,700/100Kg for Mumbai delivery, Parivar brand of Jalgaon at Rs 6,100/100Kg for spot.
Statewise Kharif Urad Sowing Down 25.69 % As On July 10 Vs Last Yr (LAKH HA). Maharashtra: 0.68 V/s 1.08, Karnataka: 0.33 V/s 0.75 , Rajasthan: 2.92 V/s 1.56, Madhya Pradesh: 2.95 V/s 5.71, Uttar Pradesh: 0.7 V/s 1.38, Gujarat: 0.31 V/s 0.19, Telangana: 0.13 V/s 0.14, Andhra Pradesh: 0.02 V/s 0.08, Tamil Nadu: 0.03 V/s 0.11, Uttrakhand: 0.21 V/s 0.24. Total: 8.59 V/s 11.56.
NAFED has successfully procured 18240.54 MT of Urad 1n Rabi-2019 Season at Minimum Support Price of Rs 5,600 as on July 7, 2019. Tamil Nadu:3379.07, Andhra Pradesh:12797.05, Telangana:961.8, Odisha: 1102.62.
Chana Kantewala (Indore):
New Chana traded weak by Rs 125 at Rs 4,200/100Kg in Indore on dull millers buying activity as demand and sale counters in processed Chana/besan were limited. Trading activities were also thin due to cash crunch.
Market is still fearful that Nafed will liquidate old procured stock in selective states despite media reports that NAFED is not going to sell pulses below MSP. However, lower bids were rejected by Nafed from last 4-5 days.
Nafed will start disposal of 158300 MT Chana (PSS RABI-2018) lying in States of Madhya Pradesh through NeML.
Nafed offered for disposal of 96000 MT Chana (PSS RABI-2018) lying in States of Madhya Pradesh through MSTC.
Similarly, Australia origin Chana in ready business at Mumbai fell by Rs 50 at Rs 4,250/100kg amid dull trade, average quality supply and also due to very limited availability of stock.
Burma origin chana also ruled weak by Rs 75 at Rs 4,175/100Kg.
Chana for August delivery on National Commodity and Derivatives Exchange (NCDEX), settled firm by 0.5 percent or Rs 20 at Rs 4,318/100kg. Earlier, in the day, the contract hovered in the range of 4,297 and 4,332 on Friday.
Chana stocks at NCDEX accredited warehouses stood at 100908 metric tonnes (Indore: 192, Bikaner 73,818, Jaipur 26,898) as on 11th July, similar in the previous session, the exchange data showed.
Australian chana dal traded flat at Rs 5,300/100 Kg for spot on slow buying activity at lower rates. Domestic chana dal of Pistol brand also ruled steady at Rs 5,500 for Spot, Angel brand at Rs 5,700 for Spot, Samrat brand at Rs 5,800 for Spot. Chana besan almost stayed steady at Rs 3,130/50Kg, Vatana besan at Rs 2,930/50 Kg and Vatana dal at Rs 5,350.
In Mumbai, Russia/Sudan/Ethiopia/Burma origin kabuli chana remained weak each by Rs 50-100 at Rs 4,150/100Kg, Rs 4,350, Rs 4,200 and Rs 4,350, respectively.
Kabuli chana of 40-42, 42-44 and 44-46 counts traded lower by Rs 200 at Rs 5,750/100Kg, Rs 5,550 and Rs 5,350, respectively at Indore market amid thin local buying and ongoing arrivals.
In forward business, Russia Kabuli Chickpea offered at $415 and Burma FAQ V2 at $650 per ton in container on CNF basis JNPT for ready shipment.
As per market talk, prices of Chana likely to depends on government policy. Chana prices will get support if Nafed will not sale old procured Chana at lower rates. Buying in Chana also likely to be increased as consumption of Chana to be improve due to festive period starts from August month till diwali. Government had not yet release import quota of White Pea and also will not issue advance licence to import. Due to these imports of Kabuli chickpea may get halt from overseas.
Earlier supply of Kabuli Chickpea at cheaper rates was pressurising prices of chana as it is used for crushing as a subsitiute of White Pea and Chana.
Imported Masoor (Mumbai):
Canada crimson variety red Masoor in vessel/container along with Australia red Masoor slipped by Rs 50-75/100Kg at Mumbai due to cash crunch, dull millers trade activity, regular imports, availability of imported stock and also following weak trend in other pulses.
Canada origin red Masoor in vessel/container new priced lower by Rs 50-75 at Rs 3,975/100Kg and Rs 4,050, respectively.
Similarly, Australia origin red Masoor also ruled weak by Rs 50 to Rs 4,150/100Kg against limited stock.
Moreover, demand in processed masoor from consumption centres was reported thin. Canada Masoor dal Khopoli spot traded at Rs 5,000-5,050/100Kg.
In forward business, Canada crimson variety masoor new offered at $455 per ton in container on CNF basis JNPT for July-Aug shipment.
Imported White Pea (Mumbai):
Canada and Ukraine origin White Pea new dropped by Rs 50/100Kg in Mumbai due to dull buying and following weak trend in Chana despite limited ready stock of White pea.
Moreover, demand for matar dal/besan remained thin at prevailing rates.
However, crushing in Chana/Kabuli Chana has increased due to cheaper prices and easy availability compared to White Pea.
Canada and Ukraine origin White Pea new traded lower each at Rs 4,811-4,821/100Kg and Rs 4,611-4,621, respectively.
Meanwhile, government has not yet released the quota for millers to import White Pea.
In forward business, Canada origin White Pea offered at $325 per ton in container on CNF basis JNPT for July-Aug shipment. Russia origin White Pea offered at $255 per ton in bulk on CFR basis JNPT/Mundra for August shipment.
Moong (Jaipur):
Moong prices remained unchanged at Rs 5,900-6,300/100Kg as per quality at Jaipur market amid limited millers trade activity at higher rates as sale counter in processed moong reported slow.
Regular arrivals of summer crop new moong in Madhya Pradesh/Uttar Pradesh had added the sentiments.
Buyers from Delhi, Maharashtra and Gujarat prefers to purchase new Summer crop Moong from Madhya Pradesh instead of buying old Moong from Rajasthan.
In Delhi, Madhya Pradesh origin summer crop Moong traded at Rs 5,800/100Kg as per quality. Kanpur origin at Rs 6,000-6,100, Allahabad/Rachi origin at Rs 6,300/100Kg.
Moong dal prices also priced flat at Rs 7,400/100Kg, depending on the variety.
Moong for August delivery on National Commodity and Derivatives Exchange (NCDEX), was ended higher by 1.3 percent or Rs 76 at Rs 6,140/100kg. Earlier, in the day, the contract hovered in the range of 6,061 and 6,175 on Friday.
Moreover, decreasing stock with Nafed will supported the prices. Major stock of Moong were witnessed in Rajasthan.
Statewise Kharif Mung Sowing Down 24 % As On July 10 Vs Last Yr (LAKH HA). Karnataka:1.61 V/s 3.48, Maharashtra: 1 V/s 1.33, Rajasthan: 6.52 V/s 7.32, Madhya Pradesh: 0.45 V/s 0.66, Uttar Pradesh: 0.19 V/s 0.17, Gujarat: 0.14 V/s 0.06, Tamil Nadu: 0.06 V/s 0.09, Andhra Pradesh: 0.01 V/s 0.06, Telangana: 0.34 V/s 0.4, Total: 10.58 V/s 13.92.
NAFED has successfully procured 23039.07 MT of Moong in Rabi 2019 season at Minimum Support Price of Rs 6,975 as on July 11, 2019.Tamil Nadu: 5383.89, Andhra Pradesh:12429.05, Gujarat:2066.15, Odisha:3159.97.
Canada Green Pea (Mumbai):
Canada origin Green pea priced flat at Rs 6,600/100Kg at Mumbai amid limited trade activity, overseas supply and on availability of sufficient stock in cold storage and godowns.
(By Commoditiescontrol Bureau; +91-22-40015513)
0 Comments 
Post Comment 
