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Weekly: Tur/Chana Plunge Most This Week, Masoor Trades Mixed

11 May 2020 8:34 am
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MUMBAI (Commodities control) – Tur, Chana prices ended lower for the week ended 9th May due to dull buying by millers, While Masoor prices traded mixed amid limited buying support. On the other hand, Urad, Moong and White Pea traded nearly flat on thin trade activity.

Demand and sale counter in processed pulses reported thin activity due to availability of sufficient stock at wholesale/retail counters.

Prices of processed dals declined more as compared to raw pulses this week amid weak off take at the sale counter. In last few weeks consumer were stocking basic staple foods such as Dal, Rice ,Wheat flour amid to fear of supplies getting disturbed due to lock down. But now consumers have already stocked sufficient quantity and supply has also normalised. This has resulted in reduced demand for processed pulses.


Demand is also suffering due to closure of restaurants, small eatery joints, big retail chains etc. which has adversely affected overall demand.

Trade activity was affected due to cash crunch and weaker market participation at the moment. Sections of major traders/millers are yet to start operating and were sidelined due to fear of corona virus.

Week Highlights

# Karnataka 3rd Adv Est: The output of Tur crop in Karnataka is projected to fall 11.4% to 865,000 tn in the 2019-20 season.

Rabi crop Chana crop (Season) output is expected to rise 41% to 810,000.
# Government has drawn ire, from the trader community in Rajasthan, with the announcement to levy 2% tax on every transaction in the State agricultural mandis.

Burma Lemon Tur:
Desi tur in domestic market slipped by Rs 150-200/100Kg due to thin millers’ trade activity as ratio of profit margin in crushing Tur has reduced compared to last week and also ongoing domestic arrivals.


Government agency was active in getting raw Tur converted into Tur Dal from private millers. This Dal is used by government agencies to distribute it through Public distribution system(PDS).Due to this reason demand for Tur dal in open market is getting reduced and hence impacting prices.


On the other hand, Tur Lemon variety of Burma-origin was priced unchanged in Mumbai/Delhi amid negligible trade activity.

Negligible buying from mills in imported Tur is the major reason, as millers' prefer new domestic due to better quality and lower transportation cost over raw tur from nearby mandi. imported Tur, on the other hand, is to be transported from port cities like Mumbai, Kolkotta and hence transportation cost is comparatively higher.

NAFED Procured 125337.98 MT (PSF)/ 459436.33 MT (PSS) Tur at MSP of Rs 5,800/100Kg, as On May 4, 2020.

Trade is of the opinion that Tur prices are likely to get support at lower rates on expectation of monthly counter soon. Increase in consumption of dal due to cheaper prices compared to Mango/Vegetables will continue to support prices.

Tur ( Prices In Rs /100Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Mumbai

Lemon

5100

5100

5150

5400

Akola

Desi

5475-5500

5550-5600

5725-5750

5875-5900

Gulbarga

Desi

5000

5200-5300

Closed

5800

Tur Dal ( Prices In Rs / 100Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Akola

Phatka

7700-7900

8350-8400

8100-8300

8200-8400

Gulbarga

Phatka

7500-7900

8100-8500

Closed

8200

Katni

Phatka

8000-8100

8200-8300

8200-8300

8300-8400



Burma Urad:

Burma-Urad traded almost range bound at Mumbai markets amid negligible buying activity from millers and traders amid sluggish offtake in processed Urad and liquidity crunch. There is huge impact in demand as Papad manufacturing units are closed due to lock down. Summers are the peak season for Papad manufacturing.

Moreover, summer crop arrivals of new Urad and expectation of overseas supplies in near future has pressurized buyer sentiments.

As per Burma-based trader, all direct vessels carrying Urad cargo around 600 containers had sailed from Yangon for India (Chennai) port and expected to reach on 13th May at Indian shore. (Each container= 24 MT).

Meanwhile, Supreme Court has pushed the date of hearing on pulses import restrictions till May 11, 2020.

DGFT extended the deadline for import of additional quota of 2.5 lakh tonnes Urad to May 15, 2020, against quota allocated for the year 2020-21. Earlier this date was 31st March which was extended to 30th April.

Urad ( Prices In Rs / 100Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Mumbai FAQ

FAQ

6600

6600

6750

4575

Chennai

FAQ

NA

NA

NA

4500

Chennai

SQ

NA

NA

NA

5500

Jalgaon

Desi

6700-7100

6600-7000

6750-7200

4600-5250

Urad Dal ( Prices In Rs / 100Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Mumbai

9500-10000

9500-10000

NA

6300-6500



Chana Kantewala (Indore):

Chana prices declined by Rs 75-125/100Kg in domestic markets, tracking futures, pick up in mandi arrivals and thin millers' trade at prevailing rates.

Even demand for chana dal and besan was lukewarm at wholesale/retail counters due to availability of sufficient stock.

However, millers are getting good profit margin in crushing at prevailing rates. Some export demand in Chana dal was witnessed, but in a low quantity and at slower pace.

Moreover NAFED's stock liquidation at selected states, holding major stock and higher output estimates will keep a check on prices.

As on May 4, 2020, NAFED has successfully procured 301046.76 MT of Chana at Minimum Support Price of Rs 4,875.

As per market experts, Chana prices are unlikely to fall much in near future. Meanwhile, prices are trading in a narrow range at spot markets due to lockdown resulting in labour shortage and transportation concerns, despite relaxations assured by government. Trade activity is thin because of cash crunch and with just 25-30% market participations are active. Sections of major traders/millers are still not operating. Daily arrivals of new rabi crop are still below expectation. Procurement by government agency are going on will support prices at lower rates. Moreover, zero import quota of yellow peas for the current fiscal will support the prices.

Chana ( Prices In Rs / 100Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Mumbai

Australia

NA

NA

NA

4350

Tanzania

NA

NA

NA

NA

Burma

NA

NA

NA

4275

Indore

Katewala

4100-4125

4200-4225

4175-4200

4450-4475

Delhi

Rajasthan origin

4175-4200

4250-4275

4300-4325

4550-4575

Akola

4050-4075

4150-4200

4250-4275

4550-4575

Bikaner

NA

4200

4200

4250-4275

Chana Dal ( Prices In Rs / 100Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Akola

5100-5400

5100-5400

5200-5500

5300-5800

Indore

5400-5600

5300-5500

5400-5600

NA

Jaipur

5075

5100

5125

NA

Chana Besan ( Prices In Rs / 50Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Mumbai

3160

3160

3160

NA

Kabuli Chana ( Prices In Rs / 100Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Indore

40-42

NA

NA

NA

6350

42-44

NA

NA

NA

6150

44-46

NA

NA

NA

5950

Dollar

NA

NA

NA

5000-5650

Mumbai

Sudan

NA

NA

NA

4350

Ethiopia

NA

NA

NA

4300

Russia

NA

NA

NA

4250-4275

Burma

NA

NA

NA

4600



Imported Masoor (Mumbai):

Canada crimson variety Masoor at Mumbai and Mundra port along with Australia Masoor at Mumbai moved higher by Rs 50/100Kg amid improved buying activity.

Similarly, Canada Masoor traded higher by Rs 175/100Kg at Mundra port on buyback by importer.

Vessel M V Federal Indus carrying 16,800 tonnes of Canada Masoor arrived at Adani Hazira Pvt Port on 8th May.

On the other hand, domestic Masoor traded weak by Rs 50-100/100Kg at domestic market amid thin buying from millers at amid less ratio profit margin and ongoing arrivals.

Moreover, demand and sale counter in processed Masoor reported thin activity at higher rates due to availability of sufficient stock at wholesale/retailer counters.

However arrivals continue to be below expectation in Madhya Pradesh/Uttar Pradesh/Chhattisgarh due to lockdown. Even pace of crushing by millers is slower than usual due to labour shortage.


As per market view, Masoor prices are likely to get support from limited stock of ready imported Masoor, higher import parity and below expectation arrivals of rabi masoor crop due to nationwide lock
down and lesser acreage.

Masoor ( Prices In Rs / 100Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Mumbai

Canada

5700-5800

5600-5750

5800-5900

4000-4100

Australia

5900

5800-5850

6000

4200

Mundra

Canada

5575

5400

5700

NA

Hajira

Canada

NA

NA

5750

NA

Kolkata

Canada

5800

5800

5800-6000

4125-4150

Australia

5950

6000

6100-6200

4225-4250

Indore

Desi

5300

5500

5500

4100

Raipur

Desi

5325-5350

5400

5700-5750

4225-4250

Kanpur

Desi

5500

5475

5600

4275-4300

Masoor Dal ( Prices In Rs / 100Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Khopoli

7200-7300

7200-7300

7300-7400

4950-5050

Katni

NA

NA

NA

4850



Imported White Pea (Mumbai):

Prices of White Pea ruled steady to firm at Kanpur market amid mill buying activity and arrivals were below expectation as major producing centers were closed in Uttar Pradesh.

However limited trading volume was witnessed as millers preferred to stay with desi Chana/Kabuli Chana due to cheaper prices and easy availability.

No quotes of imported White pea were available in Mumbai/Kolkata
from over a month due to lockdown and negligible stock.

White Pea ( Prices In Rs / 100Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Mumbai

Canada

NA

NA

NA

4700

Kolkata

Canada

NA

NA

NA

4950

Kanpur

4725-4825

4700-4800

4875-4975

4750-4850

White Pea besan ( Prices In Rs / 50Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Mumbai

3700

3700

3700

NA

White Pea Dal ( Prices In Rs / 100Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Mumbai

7400

7300

7300

NA



Moong (Jaipur):

Moong prices traded almost flat, as per quality, due to new summer crop arrivals and thin mills’ buying due to crushing disparity, as demand in processed Moong was reported to be weak. Sellers were active in the market to liquidate their stocks. New crop arrival is likely to pick up soon in various states, Gujarat, Madhya Pradesh, Uttar Pradesh, Bengal and Bihar.

Recent rains in the producing regions of Bihar/Jharkhand have destroyed summer crops, moong and urad, due to water logging in the fields. Generally in these regions farmers prepare the fields for moong sowing after the harvest of rabi crops like wheat, mustard and chana. The extent of destruction is yet to be estimated.

Meanwhile, the government has allowed import quota of 1.5 lakh tonnes of Moong for the fiscal year 2020-21, only for millers and refiners.

As per market trend, Moong prices will be pressurised in the short term as consumption is likely to suffer at higher rates. However, eventually lower output, low stocks with government agency/private traders along with smaller moth crop should support the prices.

Moong ( Prices In Rs / 100Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Jaipur

9000-9150

8800-8900

8800-9000

NA

Delhi

Rajasthan origin

8000-8600

8000-8600

8100-8700

6000-6700

Moong Dal ( Prices In Rs / 100Kg )

Market

Variety

09-May-20

02-May-20

25-April-20

09-May-19

Jaipur

10500-10600

10600-10700

10700-10800

7800

Gulbarga

11200

12000

NA

8200

Akola

NA

NA

NA

7400-7800


       
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