MUMBAI (Commoditiescontrol) – Most pulses such as Tur, Urad, Masoor, Chana, Kabuli Chana, White and Green Pea slipped during the week ended Saturday (Dec 9 - 14 ) on dull buying support amid liquidity crunch. While, Moong prices ruled steady to firm on limited millers demand.
Burma Lemon Tur:
Tur Lemon variety of Burma-origin declined by Rs 150 at Rs 4,775/100Kg in Mumbai amid scarce participation by the millers. Demand is dull at prevailing rates due to average quality and cash crunch.
Moreover, demand and sale counters in Tur dal reported sluggish.
Similarly, domestic Tur in bilty trade at Akola also ruled weak by Rs 75 at Rs 5,300-5,325/100Kg amid millers' weak participation.
Arrivals of new Tur in limited quantity was witnessed at Karnataka, Maharashtra and Gujarat. But, moisture content in the crop is higher. Arrivals are expected to hit markets in full swing within a fortnight.
Latur origin new Phatka variety remained weak by Rs 100-150 at Rs 7,900-8,100/100Kg for spot. Gujarat origin Wasat new phatka variety at Rs 8,300-8,500/100Kg, Khamgaon origin new Phatka variety at Rs 7,700-7,900/100Kg (spot), Jalna origin new phatka variety at Rs 8,300-8,500/100Kg (spot) and Solapur origin new phatka variety at Rs 7,900-8,100/100Kg (Spot).
As per trade sources, Tur prices likely to get support once arrivals of new Tur gather the pace in domestic market as millers restart crushing operations. Government will also procure as prices of Tur are trading below MSP.
Prices of kharif pulses are likely to rise as the production is estimated to be lower than the government's estimates.
Burma Urad:
Burma Urad FAQ new/old variety fell by Rs 500 each to Rs 7,150/100Kg and Rs 7,000, respectively at the Mumbai market as millers were less interested to purchase amid liquidity crunch and slow offtake in processed Urad.
Similarly, In Chennai, Urad FAQ/SQ also down by Rs 500-600 to Rs 7,400/100Kg and Rs 7,900-7,950, respectively in ready delivery as per condition.
Buyers were also sidelined as Customs is yet to issue clearance to containers of urad which was imported against the stay order. This matter is already in Jaipur High court and next hearing will take place on 16th December.
Buying from Wholesaler/retailers in Urad dal witnessed slack as they were getting resale Urad dal at lower rates.
As per trade sources despite crop failure in Urad, there is currently sufficient supply of domestic and imported Urad and this can be seen from the fact that Urad has corrected sharply from recent highs.
Arrivals of new Urad witnessed at Rayalseema, Kurnool and Krishna district in Andhra Pradesh.
Bikaner origin branded Urad dal traded weak at Rs 9,700-10000/100Kg for spot. Tiranga brand of Mumbai also eased at Rs 10150/100Kg for Mumbai delivery, Parivar brand of Jalgaon at Rs 9,500/100Kg for spot.
Chana Kantewala (Indore):
Chana prices traded steady to firm at Rs 4,350/100Kg in Indore due to local millers' buying at lower rates to meet their immediate requirement for crushing.
Although, demand for chana dal and besan at the consumption centres was reported to be thin.
Sentiments are reeling under pressure due to recovery in Rabi Chana sowing. NAFED's stock holding keeps the prices subdued. The Government agency intends to release its stocks over next few months.
Australia origin Chana in ready business in Mumbai priced lower by Rs 50 at Rs 4,200/100kg due to average quality supply and very limited availability.
Similarly, Tanzania origin Chana declined by Rs 25 to Rs 4,200. But, millers prefers to crush Tanzania Chana good quality from new crop compare to Australia/Burma Chana old crop.
On other hand, Burma origin chana priced unchanged at Rs 4,050/100Kg.
Chana for December delivery on National Commodity and Derivatives Exchange (NCDEX), settled firm 0.5 percent or Rs 23 at Rs 4,380/100kg. Earlier, in the day, the contract hovered in the range of 4,350 and 4,380 on Friday.
Open interest for NCDEX December contract decreased to 7220 lots against 9760 lots.
While, open interest for January contract increased to 46490 lots against 44250 lots.
On other hand, open interest for March contract similar to 3220 lots in previous closing session.
Open interest of top 10 trading clients in the long side was 36050 MT whereas the short position of top ten clients was 36860 MT. The net position of top 10 clients was net short by 810 MT.
Chana stocks at NCDEX accredited warehouses stood at 4906 metric tonnes (Bikaner 4,174, Jaipur 732) as on 12th December, the exchange data showed.
Australian chana dal priced weak by Rs 100 at Rs 5,100/100 Kg for spot. Domestic chana dal of Pistol brand also dropped at Rs 5,300 for Spot, Angel brand at Rs 5,500 for Spot, Samrat brand at Rs 5,500 for Spot. Chana besan also traded lower by Rs 25 at Rs 3,125/50Kg.
In Mumbai, Russia/Sudan/Ethiopia/Burma origin kabuli chana traded steady to weak each at Rs 4,071/100Kg, Rs 4,200, Rs 4,150 and Rs 4,250, respectively amid thin activity from besan flour millers. Besan flour millers prefers to purchase Sudan/Ethiopia kabuli Chana due to good and less moisture quality with consistent supply from overseas and availability in the market.
Kabuli chana of 40-42, 42-44 and 44-46 counts fell by Rs 150 each at Rs 6,600/100Kg, Rs 6,400 and Rs 6,250, respectively at Indore market amid slack local buying activity at higher rates.
Dollar variety Kabuli Chana stayed steady at Rs 5,500-6,000/100Kg at Indore on limited trade activity.
In forward business, Russia Kabuli Chickpea offered at $400-$405 per ton in container on CNF basis JNPT for ready shipment.
As per market sources, recovery in rabi Chana sowing may dampened the sentiments. Traders will keep close watch on weather condition during January-February month and also on Nafed policy on liquidation old procured stock.
Imported Masoor (Mumbai):
Canada crimson variety Masoor in vessel/container and Australia Masoor declined at Mumbai market due to slow millers trade activity amid cash crunch and following weak cues in other pulses.
Canada origin red Masoor in vessel/container traded lower by Rs 50 each at Rs 4,300/100Kg and Rs 4,425-4,450, respectively.
Similarly, Australia origin red Masoor also down by Rs 75 to Rs 4,500/100Kg.
Moreover, demand for processed masoor, from wholesaler/retailer counters, was reported limited despite cheaper pulses.
Canada Masoor dal Khopoli spot traded unchanged at Rs 5,300/100Kg.
Prices of Masoor likely to get support as rabi Masoor sowing lagging behind, hike in MSP, increased in consumption due to cheaper pulses and no supply pressure from overseas.
In forward business, Canada crimson variety masoor new offered at $485 per ton in container on CNF basis JNPT for Dec/Jan shipment.
Australia Nugget variety masoor new offered at $495 per ton in container on CNF basis JNPT for Dec/Jan shipment.
Imported White Pea (Mumbai):
Canada and Ukraine-origin White Pea slipped by Rs 150-200 each in Mumbai market , as buyers were cautious at higher rates amid liquidity crunch and following weak trend in Chana/Kabuli.
Trade activity was reported dull in processed White Pea, despite Customs Department refusing to issue clearance to the White Pea containers stuck at various ports.
Meanwhile, crushing in Chana/Kabuli Chana is higher due to cheaper prices and easy availability compared to White Pea.
As per market view, prices of White Pea would not sustain at higher rates despite shortage of ready stock as Chana and Kabuli Chana prices slipped and are cheaper and used as substitute.
Canada and Ukraine White Pea fell by 150-200 each at Rs 4,925-4,950/100Kg and Rs 4,750-4,800, respectively.
Even prices of White Pea besan also trade weak following weaktrend in raw White pea. Vatana besan priced lower by Rs 50 at Rs 3,151/50 Kg. While, Vatana dal remained unchanged at Rs 5,600.
Moong (Jaipur):
Moong prices traded steady to firm at Rs 6,500-6,900/100Kg as per quality at Jaipur market amid limited buying from local and outside traders/millers. No sellers in Moong were active in good quality Moong at lower rates as arrivals of new moong reducing day by day.
Buying from millers in good quality moong was seen to meet immediate requirement for crushing.
Demand and sale counters in processed Moong reported slow activity following weak sentiments in other pulses.
Similarly, Moong dal also traded steady to firm at Rs 8,400-8,500/100Kg depending on the variety.
In Delhi, Rajasthan new kharif Moong traded flat at Rs 6,700-7,100/100Kg.
As on December 12, 2019, NAFED has successfully procured 100485.70 MT of Moong at Minimum Support Price of Rs 7,050.
Canada Green Pea (Mumbai):
Canada origin Green pea remained weak by Rs 200 at Rs 8,800-9,000/100Kg at Mumbai amid dull buying support at higher rates despite Customs Department refusing to issue clearance to the containers stuck at Mumbai ports, following weak sentiments in other pulses.
.jpg)
(By Commoditiescontrol Bureau; +91-22-40015513)
0 Comments 
Post Comment 
