MUMBAI (Commoditiescontrol) – Most pulses, such as Tur, Urad, Chana, Masoor, Kabuli Chana and Green pea remained week ended Saturday (July 29- Aug 03) due to liquidity crunch, sowing progress, good rainfall and dull buying support as demand and sale counter in processed pulses reported lackluster. While, White Pea traded firm on shortage of ready stock. On other hand, Moong prices priced flat due to slow activity.
Week Highlights
# India Kharif Pulses Sowing Down 7.56 % As On Aug 2 At 105.14 Lakh Ha Vs 113.74 Last Year. Tur : 37.50 Vs 39.29, Urad : 30.27 Vs 31.99, Moong : 25.81 Vs 29.34, Other Pulses: 11.38 Vs 12.76.
# Maharashtra Government Cuts Tur Dal Supplies And Increases Chana Dal For PDS.
# Govt Allocates Quota To Mills For Import Of Additional 2 LT Tur In 2019-20.
# Katni market of Madhya Pradesh and major dall mill in Katni was closed from last couple of days on dispute regarding mandi tax between Katni APMC and Katni Dall Mill Association.
Burma Lemon Tur:
Tur Lemon variety of Burma origin slipped by Rs 125 to Rs 5,175/100Kg in Mumbai amid sluggish millers trade as demand and sale counters in processed Tur are lacklustre due to cash crunch.
Upcoming supplies around 20000 tonnes from Burma along with steady to weak trend in domestic markets also dampened the sentiments.
Besides, progress in sowing and rainfall in Tur producing areas also weighed on sentiments as it is considered beneficial for Tur standing crop.
Domestic tur in bilty trade at Akola also traded weak by Rs 75 at Rs 5,900-5,925/100Kg.
Statewise Kharif Tur Sowing Down 4.56 % As On July 31 Vs Last Yr (LAKH HA). Karnataka:10.19 V/s 9.05, Maharashtra:10.63 V/s 11.31, Uttar Pradesh:2.73 V/s 2.56, Gujarat: 1.86 V/s 2.14, Madhya Pradesh: 4.35 V/s 5.62, Telangana: 2.48 V/s 2.55, Andhra Pradesh: 0.81 V/s 1.12, Chhattisgarh: 0.73 V/s 1.06. Total:37.5 V/s 39.29.
Latur origin new Phatka variety ruled weak at Rs 8,100-8,300/100Kg for spot. Gujarat origin Wasat new phatka variety at Rs 8,500-8,700/100Kg, Khamgaon origin new Phatka variety at Rs 8,000-8,200/100Kg (spot), Jalna origin new phatka variety at Rs 8,300-8,500/100Kg (spot) and Solapur origin new phatka variety at Rs 8,000-8,200/100Kg (Spot).
Sentiments are weak in Tur. Due to severe liquidity crunch, small traders/millers were active to liquidate their stock. Due to these prolonged period of holding stockiest are not able to recover holding cost and they are dispose at current prices and making losses. Sowing progress and arrivals of monsoon had also added the sentiments. 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 31st October and also government had MOU to import 1.75 Lakh tons from Mozambique.
However, import of tur is likely to fall short of the specified quota. The first tranche of import licences covering two lakh tonnes have been issued; but traders are unable to source all the quantity as important origins such as Myanmar have run out of stock.
According to traders, Myanmar may be able to supply a maximum of 1.5 lakh tonnes. African origin Tur will be available only after August; and therefore traders are wary of contracting with African suppliers because of the October 31 deadline.
Prices of Tur will depend as per monsoon/sowing progress and also on imports from overseas.
Burma Urad:
Burma Urad FAQ variety declined by Rs 75-100 to Rs 4,300/100Kg at the Mumbai market because of sluggish millers trade amid liquidity crunch.
Upcoming supplies around 30000 tonnes from Burma along with sowing progress also dampened the sentiments.
Demand for processed urad remained slack from consumption centers.
In Chennai, Urad FAQ/SQ variety also traded weak by Rs 50 each at Rs 4,350/100Kg and Rs 5,400, respectively in ready delivery as per condition.
Bikaner origin branded Urad dal ruled at Rs 5,800-6,000/100Kg for spot. Tiranga brand of Mumbai also traded at Rs 6,300-6,400/100Kg for Mumbai delivery, Parivar brand of Jalgaon at Rs 5,900-5,950/100Kg for spot.
Statewise Kharif Urad Sowing Down 5.38 % As On July 31 Vs Last Yr (LAKH HA). Maharashtra: 2.6 V/s 3.35, Karnataka: 0.67 V/s 0.82, Rajasthan: 4.56 V/s 4.37, Madhya Pradesh: 13.98 V/s 14.28, Uttar Pradesh: 5.35 V/s 5.07, Gujarat: 0.63 V/s 0.9, Telangana: 0.21 V/s 0.23, Andhra Pradesh: 0.04 V/s 0.12, Tamil Nadu: 0.05 V/s 0.11, Uttrakhand: 0.24 V/s 0.25.Total: 30.27 V/s 31.99.
Fears of lower output due to decline in kharif sowing area may provide some support to the prices at lower rates. But not much gain is likely due to sufficient availability of stock in domestic markets coupled with carry over stocks in Burma.
Chana Kantewala (Indore):
New Chana traded lower by Rs 50 at Rs 4,250-4,275/100Kg in Indore amid thin physical buying as demand and sale counters in Chana dal and besan were reported slack.
Sentiments also pressurised as Nafed liquidated old procured stock below MSP in some centers this week. Balance stock of Chana Rabi -2018 with Nafed is 1271250.41 MT as on 31st July, 2019.
Similarly, Australia origin Chana in ready business at Mumbai remained weak by Rs 25 at Rs 4,175/100kg amid slow activity, average quality supply and also due to very limited availability of stock.
On other hand, Burma origin chana also ruled flat at Rs 4,150/100Kg.
Chana for August delivery on National Commodity and Derivatives Exchange (NCDEX), settled tad weak or Rs 1 at Rs 4,233/100kg. Earlier, in the day, the contract hovered in the range of 4,215 and 4,249 on Friday.
Chana stocks at NCDEX accredited warehouses stood at 101192 metric tonnes (Indore: 192, Bikaner 74,061, Jaipur 26,939) as on 1st August, similar metric tonnes in the previous session, the exchange data showed.
Australian chana dal traded at Rs 5,250/100 Kg for spot on thin demand. 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 at Rs 3,150/50Kg, Vatana besan at Rs 3,050/50 Kg and Vatana dal at Rs 5,525.
In Mumbai, Russia/Sudan/Ethiopia origin kabuli chana traded lower each by Rs 25-50 at Rs 4,050/100Kg, Rs 4,200, Rs 4,175, respectively. While, Burma Kabuli Chana priced flat at Rs 4,300.
Kabuli chana of 40-42, 42-44 and 44-46 counts remained steady at Rs 6,100/100Kg, Rs 5,900 and Rs 5,700, respectively at Indore market amid limited local buying at higher rates and having sufficient stocks. Stockiest were bearing heavy losses and they had purchase earlier at higher rates.
In forward business, Russia Kabuli Chickpea offered at $400 per ton in container on CNF basis JNPT for ready shipment.
As per market talk, buying in Chana prices are likely to increase at lower rates as trading much below MSP, cheapest pulses and also with rise in consumption demand in the festive season from August till Diwali. Prices will also get support due to less import of yellow pea, which acts as substitute in the Chana flour.
Imported Masoor (Mumbai):
Canada origin Masoor in both vessel/container along with Australia Masoor widened losses by Rs 50-75/100Kg at Mumbai due to cash crunch, dull millers trade activity, regular imports and availability of imported stock.
Canada origin red Masoor in vessel/container new priced weak by Rs 50-75 at Rs 3,850/100Kg and Rs 3,950, respectively.
Similarly, Australia origin red Masoor also fell by Rs 50 to Rs 4,050/100Kg 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 $415 per ton in container on CNF basis JNPT for Sept-Oct shipment.
Imported White Pea (Mumbai):
Canada and Ukraine origin White Pea moved higher in Mumbai due to buying support from local and outstation traders/millers despite supply from overseas at Mundra port.
Meanwhile, Vessel M V LEO carrying about 54613 tonnes of Canada White Pea arrived at Mundra port and started discharging cargo.
Overall lower imported stock in Mumbai/Chennai/Kakinada/Kolkata had supported the prices. Moreover, the government has not yet released the quota for millers to import White Pea and also will not issue advance licences for import.
Canada and Ukraine White Pea gained each by Rs 50 at Rs 5,021/100Kg and Rs 4,921, respectively.
However, demand in matar dal/besan was limited at prevailing rates.
But gains may be capped due to crushing in Chana/Kabuli Chana has increased due to cheaper prices and easy availability compared to White Pea.
In forward business, Canada origin White Pea offered at $325 per ton in container on CNF basis JNPT for Aug-Sept shipment.
Moong (Jaipur):
Moong prices ruled steady at Rs 5,900-6,200/100Kg as per quality at Jaipur market amid limited millers trade activity. Nafed were active to liquidate old procured crop (2017) in Rajasthan.
Sowing progress and upcoming supplies from overseas will pressurised the sentiments form short term period.
However, import of moong is likely to fall short of the specified quota. Quantities available through various origins such as Burma, Australia, Brazil and Africa may at best total 1 lakh ton. Moong was damaged in Burma due to dam water supply and rain.Moong prices show large variations in prices among different origins.
Arrivals of new kharif Moong was reported in Gadag/Bagalkot market of Karnataka. Arrivals will pick pace from mid of August.
In Delhi, Madhya Pradesh origin summer crop Moong traded at Rs 5,950/100Kg as per quality. Kanpur origin at Rs 5,950, Allahabad origin at Rs 6,250/100Kg.
However, demand and sale counter in processed moong was witnessed slow at higher rates.
Moong dal prices traded unchanged at Rs 7,300-7,400/100Kg, depending on the variety.
Moong for August delivery on National Commodity and Derivatives Exchange (NCDEX), was ended firm by 0.3 percent or Rs 18 at Rs 6,310/100kg. Earlier, in the day, the contract hovered in the range of 6,299 and 6,310 on Friday.
Moreover, lower output, decreasing stock with Nafed will supported the prices. Major stock of Moong were witnessed in Rajasthan.
Statewise Kharif Mung Sowing Down 12.03 % As On July 31 Vs Last Yr (LAKH HA). Karnataka: 2.49 V/s 3.87, Maharashtra: 2.86 V/s 3.71, Rajasthan: 16 V/s 16.84, Madhya Pradesh: 1.53 V/s 1.74, Uttar Pradesh: 0.69 V/s 0.49, Gujarat: 0.3 V/s 0.38, Tamil Nadu: 0.07 V/s 0.11, Andhra Pradesh: 0.03 V/s 0.09, Odisha: 0.79 V/s 0.91, Telangana: 0.55 V/s 0.68. Total: 25.81 V/s 29.34.
Canada Green Pea (Mumbai):
Canada origin Green pea slipped by Rs 200 at Rs 6,600/100Kg at Mumbai amid dull buying support, overseas supply, following weak trend in other pulses and on availability of sufficient stock in cold storage and godowns.
(By Commoditiescontrol Bureau; +91-22-40015513)
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