Login ID:
Password:
Partner Login
Contact Us : 7066511911

Weekly: Tur, Chana, Kabuli Chana, Moong Decline Most In Pulses Complex

24 Aug 2019 5:18 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) – Tur, Chana, Kabuli Chana and Moong prices slipped during the week ended Saturday (Aug 19-23) due to dull millers trade activity as demand for processed pulses was reported slow due to cash crunch. While, Urad, Masoor, White Pea and Green pea stayed steady amid limited trade volume.

Sentiments in pulses were dampened after statement of Food and Consumers Affairs Minister Ram Vilas Paswan on Friday that the government has a large stock of pulses and oilseeds and also monitoring the rise in prices of pulses and oils during the last few days.

The main reason behind this is the creation of an environment of artificial boom in pulses and oils by the hoarders. The government will take immediate action against hoarders.Government will immediately sell the pulses and oilseeds purchased through NAFED, especially the mustard and Chana in the market, so that the consumers can get pulses and oil at a reasonable price.

However, major pulses were trading much below MSP. Market prices of raw pulses are much lower and MSP is high. On other hand, Government insisting trader to purchase raw pulses at MSP prices to protect growers and get better remuneration. Imports are still continuing, although with restrictions.

Week Highlights

# India Kharif Pulses Sowing Down 3.09 % As On Aug 23 At 124.56 Lakh Ha Vs 128.53 Last Year. Tur : 43.43 Vs 43.26, Urad : 35.10 Vs 37.43, Moong : 29.86 Vs 32.65, Other Pulses: 15.95 Vs 14.79.
# Govt Announces Measures To Stimulate Economy; No More Enhanced Surcharge On LTCG & STCG.
# Indian Rupee Hits 9-Month Low, Falls Past 72.03-Mark Against USD.
# Madhya Pradesh Govt May Cut Mandi Tax On Agri Produce By 0.5%.
# India Gets 10% Above-Average Monsoon Rains In The Week Ended Aug 21; Overall Surplus At 2%.
# Canada's Pea Production May Rise 20% To 4.3 Million Tonnes In 2019-20.
# 4th Advance Estimates: Total Pulses production during 2018-19 is estimated at 23.40 million tonnes which is higher by 3.14 million tonnes than the last Five years’ average production of 20.26 million tonnes.
# 4th Advance Estimates 2018-19 Vs 2017-2018( In Million Tons). Tur – 3.59 V/s 4.25, Chana – 10.13 V/s 11.23, Urad-3.26 V/s 3.56, Moong-2.35 V/s 2.01, Masoor-1.56 V/s 1.61, TOTAL:23.40 V/s 25.23.

Burma Lemon Tur:

Tur Lemon variety of Burma origin declined by Rs 150 to Rs 5,200/100Kg in Mumbai amid lack of millers trade activity as demand and sale counters in processed Tur from wholesale/retail counters are still dull.

Similarly, domestic tur in bilty trade at Akola also traded lower by Rs 100 at Rs 5,875-5,900/100Kg.

The regular supply of pulse from overseas and regular sale by NAFED in open market and supply to state agencies for the conversion is keeping a constant flow of supplies in the market had pressurised the sentiments.

Moreover, sufficient rainfall in last few weeks in Tur belt has raised hopes for better tur crop which also dampened the market sentiments.

Retailers are buying as per immediate requirement only due to liquidity crunch and they see very less possibility of any major rise in price in the immediate future.

As per market sources, Nafed had rejected all lower bids of Tur (kharif-2017)in States of Maharashtra, Karnataka and Gujarat on 23.08.2019 through NeML. Karnataka:10000 MT, Maharashtra:25534.31 MT and Gujarat:18518.99 MT. Lowest bids were around 5,433/100Kg to 5,625/100Kg.

If Nafed sales old procured Tur at lower rates than it will be for negative for prices of Tur Lemon. Millers will be interested in purchase Tur from Nafed due to parity compare to purchase Lemon Tur.

Further imports of Tur from Burma is not viable as millers will be not be interested to import Tur against government had allocated quota to millers of 4 lakh tons to import till 31st October.

Old Tur crop (2018) in Burma is around $665 per ton on CNF basis, but old Tur stock is negligible in Burma. Millers had to shift to import new Tur crop (2019) in Burma which is around $715 per ton on CNF basis. Further depreciation of Rupee from current level will also make import costlier.

India 2019-20 State Wise Kharif Tur Sowing Up 0.4 % As On Aug 21 Vs Last Yr (LAKH HA): Karnataka:11.04 V/s 9.8, Maharashtra:12 V/s 12.1, Uttar Pradesh:3.49 V/s 3.47, Gujarat:2.06 V/s 2.46, Madhya Pradesh: 4.85 V/s 5.62, Telangana:2.71 V/s 2.66, Andhra Pradesh: 1.93 V/s 1.55, Chhattisgarh:1.17 V/s 1.24, Total: 43.43 V/s 43.26.

Latur origin new Phatka variety traded weak by Rs 50 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).

Burma Urad:

Burma Urad FAQ old/new variety traded almost unchanged each to Rs 4,500/100Kg and Rs 4,625, respectively at the Mumbai market because of limited millers buying support at higher rates due to cash crunch, supplies from overseas and limited demand for processed Urad at higher levels from consumption centers.

However, millers were active in purchasing Urad at lower rates for immediate crushing requirement.

In Chennai, Urad SQ/FAQ old variety traded flat each at Rs 4,600/100Kg and Rs 5,850, respectively in ready delivery as per condition.

Urad New FAQ/SQ variety also remained steady at Rs 4,825-4,850/100Kg and Rs 6,000, respectively in ready delivery as per condition.

India 2019-20 State wise Kharif Urad Sowing Down 6.22 % As On Aug 21 Vs Last Yr (LAKH HA). Maharashtra:2.87 V/s 3.62, Karnataka:0.68 V/s 0.84, Rajasthan:4.57 V/s 4.72, Madhya Pradesh:15.3 V/s 15.51, Uttar Pradesh:6.89 V/s 6.88, Gujarat:0.79 V/s 1.05, Telangana:0.23 V/s 0.23, Andhra Pradesh:0.07 V/s 0.15, Tamil Nadu :0.12 V/s 0.26, Uttrakhand: 0.3 V/s 0.29.Total: 35.1 V/s 37.43.

Bikaner origin branded Urad dal traded at Rs 5,950-6,150/100Kg for spot. Tiranga brand of Mumbai also traded flat at Rs 6,650/100Kg for Mumbai delivery, Parivar brand of Jalgaon at Rs 6,150/100Kg for spot.

As per market view, prices are likely to get support due to fears of lower output after decline in kharif sowing area and recent rain in Urad producing regions, which are likely to affect standing pulses crops of Urad, resulting in lower yield and degradation in quality. Moreover, further depreciation of Rupee from current level will also make import costlier.

Chana Kantewala (Indore):

Chana prices declined by Rs 100-125 at Rs 4,175-4,200/100Kg in Indore following weak cues from futures amid slack physical buying as demand and sale counters in Chana dal and besan were reported thin.

Activity was also slow due to liquidity crunch and government holding major stock of Chana.

Similarly, Australia origin Chana in ready business at Mumbai fell by Rs 25 at Rs 4,200/100kg due to average quality supply despite very limited availability. Burma origin chana also remained weak by Rs 50 at Rs 4,150/100Kg.

Chana for September delivery on National Commodity and Derivatives Exchange (NCDEX), settled weak by 2 percent or Rs 86 at Rs 4,105/100kg. Earlier, in the day, the contract hovered in the range of 4,088 and 4,202 on Friday.

Open interest for NCDEX september contract down to 98170 lots against 113110 lots in the last trade session. Players with long position were liquidating their position.

Open interest of top 10 trading clients in the long side was 52080 MT whereas the short position of top ten clients was 76420MT. The net position of to top 10 clients was net short by 24340 MT indicating large players have a negative view on the market.

Chana stocks at NCDEX accredited warehouses stood at 95953 metric tonnes (Indore: 192, Bikaner 68,822, Jaipur 26,939) as on 22nd August, down from 97173 metric tonnes in the previous session, the exchange data showed.

Australian chana dal remained weak by Rs 50 at Rs 5,250/100 Kg for spot on slow trade activity. Domestic chana dal of Pistol brand also ruled weak at Rs 5,500 for Spot, Angel brand at Rs 5,700 for Spot, Samrat brand at Rs 5,800 for Spot. On other hand, Chana besan remained flat at Rs 3,120/50Kg, Vatana besan at Rs 3,200/50 Kg and Vatana dal at Rs 5,900.

In Mumbai, Russia/Sudan/Ethiopia/Burma origin kabuli chana fell each by Rs 50-100 at Rs 4,025/100Kg, Rs 4,200, Rs 4,100 and Rs 4,250, respectively amid dull trade activity owing to less interest shown by besan flour millers, following weak trend in Chana and regular supply from overseas.

Kabuli chana of 40-42, 42-44 and 44-46 counts drifted down by Rs 200 each at Rs 5,900/100Kg, Rs 5,700 and Rs 5,500, respectively at Indore market amid dull local buying and having sufficient stocks.

In forward business, Russia Kabuli Chickpea offered at $400 per ton in container on CNF basis JNPT for ready shipment.

Imported Masoor (Mumbai):

Canada crimson variety Masoor in both vessel/container along with Australia Masoor priced unchanged at Mumbai due to dull millers trade activity, cash crunch, availability of imported stock and weak trend in other pulses.

Sentiments was also pressurised due to supplies from Vessel M V Medi Astoria carrying about 30500 tonnes of Canada Masoor and M V Kennadi carrying about 38255 tonnes of Canada Masoor at Mundra port.

Canada origin red Masoor in vessel/container new remained steady at Rs 3,900/100Kg and Rs 4,100, respectively.

Similarly, Australia origin red Masoor also quoted flat to Rs 4,200/100Kg 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 and Australia Nugget variety Masoor offered at $400 per ton in container on CNF basis JNPT for Sept-Oct shipment.

Imported White Pea (Mumbai):

Canada and Ukraine origin White Pea ruled steady in Mumbai because of fresh supply at Mundra port and also slack buying support from local and outstation traders/millers at higher rates due to cash crunch despite overall lower stock in Mumbai/Chennai/Kakinada/Kolkata/Tuticorin.

Canada and Ukraine White Pea traded flat each at Rs 5,281/100Kg and Rs 5,171, respectively.

Meanwhile, Vessel M V Aventicum carrying about 33300 tonnes of Canada White Pea is arrived at Mundra port and started discharging its cargo.

Recent vessels arrived from Canada was unloaded in SEZ godowns ( Special Economic Zone).

In Kolkata, local importers had purchased wrecks of Canada White Pea from Kakinada and was selling in local market as per requirement. Other importers having stock was active in crushing in their own mills and selling Vatana dal in the market. Trade volume was around 50-100MT on daily basis.

Moreover, demand in matar dal/besan was thin at prevailing rates. 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 Sept-Oct shipment.

Moong (Jaipur):

Moong prices fell by Rs 200 at Rs 5,900-6,200/100Kg as per quality at Jaipur market in the absence of millers trade activity at higher rates and overseas supply. Sentiments remained also weak due to increased arrivals of Kharif crop in Karnataka/Telangana and Maharashtra.

Moong dal prices also traded lower by Rs 100 at Rs 7,500-7,600/100Kg, depending on the variety.

In Delhi, Madhya Pradesh origin summer crop Moong traded weak at Rs 5,950-6,150/100Kg as per quality. Kanpur origin at Rs 5,950, Allahabad origin at Rs 6,200-6,250/100Kg.

Quality of new kharif moong is reported to be dagi and discoloured with moisture content of around 13-16%.

Recent rains have hit the quality of the crop in Karnataka. The acreage itself was lower this year due to scanty rains during June.The MSP of Moong is Rs 7,050/100Kg for the 2019-20 kharif season.Farmers in Karnataka demands the government to start procuring Moong at MSP.

In Maharashtra, the delayed monsoon has also impacted the acreage of Moong and may result in lower output.Arrivals of Moong in Maharashtra expected to peak around September 10.

Millers were active in purchasing good quality Moong.

India 2019-20 State Wise Kharif Mung Sowing Down 8.55 % As On Aug 21 Vs Last Yr (LAKH HA): Karnataka:2.66 V/s 4.09, Maharashtra:3.22 V/s 3.91, Rajasthan: 18.26 V/s 18.75, Madhya Pradesh: 1.77 V/s 1.86, Uttar Pradesh: 0.82 V/s 0.63, Gujarat: 0.63 V/s 0.54, Tamil Nadu:0.08 V/s 0.11, Andhra Pradesh: 0.04 V/s 0.11, Odisha: 1.16 V/s 1.3, Telangana: 0.62 V/s 0.71, Total:29.86 V/s 32.65.

Moong for September delivery on National Commodity and Derivatives Exchange (NCDEX), was ended lower by 0.2 percent or Rs 11 at Rs 6,139/100kg. Earlier, in the day, the contract hovered in the range of 6,060 and 6,145 on Friday.

Moreover, lower output, decreasing stock with Nafed will supported the prices at lower rates. Major stock of Moong were witnessed in Rajasthan.

Import of Moong is likely to fall short of the specified quota. Import licences covering 1.5 lakh tonnes have been issued; but traders are unable to source all the quantity and may be able to get supply around 40,000-45,000 tonnes from overseas. Moreover, further depreciation of Rupee from current level will also make import costlier.

Canada Green Pea (Mumbai):

Canada origin Green pea priced unchanged at Rs 6,900/100Kg at Mumbai amid limited buying activity.

Regular supply from overseas, availability of sufficient stock at Mumbai cold storages and godowns will presurise the sentiments.

(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
0.0

   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  

Top 5 News
Weekly ICE cotton: Ends Sharply Up; Hopes Pinned On US...
Weekly ICE Sugar: Ends Mixed On Near-Term Supply Views,...
Weekly: Urad/Masoor Post Strong Gains This Week
USDA Revises Down 2019-20 Global Cotton Production Esti...
USD/INR—Unable to Surpass Overhead Resistance Zone (71-...
Top 5 Market Commentary
Malaysia's Sept 1-15 Palm Oil Exports Down 5.5% MoM: IT...
Govt Announces Host Of Steps To Boost Exports; RoDTEP T...
COTTON SOPT PRICE
NORTH COTTON SPOT PRICES
Madhya Pradesh Sugar Mill Prices – 14 September 2019
Copyright © CC Commodity Info Services LLP. All rights reserved.