MUMBAI (Commoditiescontrol) – Urad, White/Green Pea moved higher for the week ended 1st February due to active traders' participation. While, Chana/Kabuli Chana and Masoor slipped on dull buying by millers and traders. Tur prices were muted on sparse trade activity.
Week Highlights
# Economic Survey 2020: India Needs To Focus On Exploring Additional Markets For Agri Exports.
# India Pulses and Grains Association (IPGA) has predicted a shortage of pulses in 2019-20.
# India Imports 157,000 Tonnes Of Tur From Mozambique In FY 2019-20 So Far.
# Canada's 2020-21 pea production may rise marginally to 4.3 million tonnes (Mt), with an expectation of trend yields, according to AAFC’s December outlook report.
Burma Lemon Tur:
Tur Lemon variety of Burma-origin was unchanged at Rs 4,850/100Kg in Mumbai amid negligible trade activity as millers preferred to crush new domestic Tur.
On the other hand, new domestic Tur in bilty trade at Akola traded higher at Rs 5,150-5,200/100Kg.
Moreover, demand and sale counter in Tur dal was reported to be slow.
Availability of imported Tur dal at cheaper price, around Rs 6,500-6,600/100Kg, is pressurising sentiments. Meanwhile stocks African-orgin Tur continue to be in hands of millers, who had imported against quota licence.
Tur arrivals have been below expectation in producing centers, so far. Although the moisture content continues to be higher, than the benchmark, in the arriving new crop.
The Procurement of new Tur is yet to commence in Karnataka. Farmers are urging state government to open Tur procurement centers and start Tur procurement immediately. However, it has been reported that online enrollment is on and procurement will likely start soon. Approval has been received to procure 1.82 lakh quintal. Agencies will procure a minimum of 5 quintals per acre to a maximum of 10 quintals per farmer.
As per trade sources, government agency is not interested in purchasing new Tur with moisture content. They will consider buying the new stock, after the moisture content reduces. Similarly, stockiest will likely purchase new Tur at lower rates.
Latur-origin new Phatka variety traded unchanged at Rs 7,800-8,000/100kg, for spot. Gujarat-origin Wasat new Phatka variety at Rs 8,400-8,600/100Kg, Jalna-origin new Phatka variety at Rs 8,100-8,300 (Spot) and Solapur-origin old phatka variety at Rs 7,600-7,700/100Kg (Spot).
Burma Urad:
Burma-Urad FAQ new/old variety traded higher by Rs 200-225, each, at Rs 6,975/100Kg and Rs 6,825, respectively, at the Mumbai market.
Similarly In Chennai, Urad FAQ/SQ moved higher by Rs 200 to trade at Rs 7,250-7,300/100Kg and Rs 7,850-7,900, respectively, in ready delivery as per condition.
Millers' purchase, tight availability of ready stock of imported Urad and shrinking domestic arrivals helped prices move higher.
Millers have been active in purchasing imported Urad for daily operations, due to inferior quality of domestic pulse.
Lesser supply of Urad gota for Chennai, from Uttar Pradesh/Madhya Pradesh, was reported as compared to last year.
Tikamgarh-origin Urad gota traded at Rs 9,500-9,600/100kg for Chennai delivery and Rs 9,400-9,500/100Kg for Andhra Pradesh delivery, as per quality. Guntur-origin Urad gota traded at Rs 9,800/100Kg.
However, demand and sale counter in processed Urad reported thin participation at prevailing rates. Although, buying is expected to emerge at lower rates in near future.
Still, buyers have been cautious in ready trade at prevailing rates, tracking weak prices in forward deals in Chennai. Lowest trade in FAQ variety was reported at Rs 6,350/100Kg and SQ variety at Rs 6,900, respectively, for February delivery.
DGFT allocated 139 tonnes of quota per miller, for a total of 2.5 lakh tonnes of Urad imports.
Vessel from Burma is expected to load Urad cargo of nearly 10,000 MT for India (Chennai) on 6th or 8th February. Approximately 70,000 tonnes has been traded against quota licence for India.
Meanwhile, Jaipur high court has postponed hearing on pulses import restriction till February 10, 2020 for Customs clearance issue to containers of urad, which was imported against the stay order.
As per trade source, Urad prices are likely to get support after settlement of forward trade against January. Prices will also be supported due to lower output, shrinking domestic arrivals. Total supply of Urad from Burma, under quota, is unlikely to reach Indian ports before March-end due to delay in paper work.
Bikaner-origin branded Urad dal traded flat at Rs 9,300-9,500/100Kg for spot. Tiranga brand of Mumbai priced at Rs 9,800/100Kg for Mumbai delivery, Parivar brand of Jalgaon at Rs 9,300/100Kg for spot.
Chana Kantewala (Indore):
Chana prices eased by Rs 25 at Rs 4,100/100Kg in Indore due to frail buying interest of millers at prevailing rates.
Meanwhile, arrivals of new domestic Chana is witnessed in selected markets of Karnataka and Maharashtra.
Sentiments are still under pressure due to improvement in Rabi Chana sowing and Government stock holding.
Regular demand and sale counter in Chana dal/besan was witnessed due to ongoing marriage season. Chana dal is much cheaper compared to Vatana dal and Lakhadi dal.
As per market view, millers will most likely purchase new Chana as it trades under Rs 4,000/100Kg, instead of old NAFED procured Chana or imported variety. Availability of new Chana at lower prices will most likely drag Chana prices down further.
In Mumbai, Tanzania-origin Chana declined by Rs 150 to Rs 4,000. While Burma origin chana also fell by Rs 150 at Rs 3,800/100Kg.
While no quotes were available for Australia-origin Chana at Mumbai due to negligible stock.
Chana for March delivery on National Commodity and Derivatives Exchange (NCDEX), trading firm by 0.4 percent or Rs 16 up at Rs 4,004/100kg. Earlier, in the day, the contract hovered in the range of Rs 3,981 and 4,025.
Open interest for NCDEX March contract decreased to 22950 lots against 23590 lots.
On other hand, open interest for April contract increased to 9990 lots against 9460 lots.
Open interest of top 10 trading clients in the long side was 14100 MT, whereas the short position of top ten clients was 25050 MT. The net position of top 10 clients was net short by 10950 MT.
Chana stocks at NCDEX accredited warehouses stood at 892 metric tonnes (Bikaner 821, Jaipur 71) as on 31st January, the exchange data showed.
New Domestic chana dal of Pistol brand ruled weak at Rs 4,950 for Spot, Angel brand at Rs 5,250 for Spot, Samrat brand at Rs 5,350 for Spot. Chana besan also traded weak at Rs 3,040/50Kg.
In Mumbai, Russia/Sudan/Ethiopia/Burma origin kabuli chana slipped by Rs 50-100 each at Rs 4,000/100Kg, Rs 4,050, Rs 3,950 and Rs 3,850, respectively, due to dull trade activity owing to less interest shown by besan flour millers, following weak trend in Chana.
Similarly, Kabuli chana of 40-42, 42-44 and 44-46 counts also fell by Rs 50 each at Rs 6,400/100Kg, Rs 6,200 and Rs 6,100, respectively at Indore market amid dull local buying activity at higher rates.
While, Dollar variety Kabuli Chana also declined by Rs 200 at Rs 5,500-5,800/100Kg at Indore.
Imported Masoor (Mumbai):
Canada crimson variety Masoor along with Australia Masoor dipped by Rs 75-100/100Kg respectively at Mumbai pulses market as millers refrained from making purchases at prevailing rates.
Moreover, in forward trade, sellers have sold at higher rates from Mundra port against January month and delivery is going on.
Even demand in processed masoor from consumption centres was reported to be slack.
Canada-origin red Masoor in container traded lower at Rs 4,850-4,875/100Kg.
Similarly, Australia-origin red Masoor also ruled weak to Rs 4,950/100Kg.
Canada crimson variety Masoor also traded down each at Rs 4,650/100Kg and Rs 4,625 at Mundra and Hajira port, respectively.
Canada Masoor dal Khopoli spot traded weak by Rs 50 at Rs 5,800/100Kg.
However, as per market view, Masoor prices are likely to find support at lower rates in near future due to limited stock of ready imported Masoor, higher import parity and lag in sowing of rabi masoor.
In forward business, Canada crimson variety masoor new offered at $520 per ton in container on CNF basis JNPT for March/April shipment.
Imported White Pea (Mumbai):
Canada-origin White Pea at Mundra port, gained by Rs 150/100Kg amid lower level buying support and a lag in rabi White Pea's acreage.
Reason behind tightness of ready stock, lies with the White Pea containers being stuck at various ports due to non-issuance of Customs' clearance.
Moreover, Government imposed the CIF value of Rs 200 per kg as Minimum Import Price for peas.
However, prices are unlikely to sustain at higher rates as the preference stays with Chana/Kabuli Chana due to its cheaper price and easy availability.
Even consumption demand and sale counter in Chana dal/besan was reported to be thin despite cheaper prices.
Canada White Pea at Mundra port gained by Rs 150 to Rs 5,700/100Kg.
While Ukraine White Pea in Mumbai was priced flat at Rs 5,600/100Kg.
Even prices of White Pea dal traded firm following uptrend in raw White pea. Vatana dal also traded up at Rs 6,750. On other hand, Vatana besan traded flat at Rs 3,950/50 Kg.
Canada Green Pea (Mumbai):
Canada-origin Green pea moved sharply higher at Rs 11300-11500/100Kg at Mumbai due to limited ready stock and improved buying activity.
The Customs Department is yet to issue clearance to the containers stuck at Mumbai ports, lending support to the pea.
Meanwhile as per trade sources, the Jaipur High court has further postponed the date of hearing on pulses import restrictions to February 10, 2020.
Also, Government had imposed the CIF value of Rs 200 per kg as Minimum Import Price for peas.
.jpg)
(By Commoditiescontrol Bureau; +91-22-40015513)
0 Comments 
Post Comment 
