MUMBAI (Commodities control) – Major pulses, such as Tur, Urad, Masoor, Chana, Moong and White Pea declined for the week ended 23rd May due to sufficient availability at counters because of crop arrivals and also limited mills buying as per requirement.
Meanwhile, slowdown in demand from consumers in processed pulses due sufficient quantities of stocks with them had also dampened the sentiments.
Week Highlights
# Govt reduces the deadline for Urad Import Annual Quota Of 4 lakh MT by 6 months to 31st August, 2020.
# Supreme Court has once again handed over the case of pulses import to Jaipur High Court. This is nearly year old case now. SC has ordered the hearing of the case to be conducted at Jaipur High Court, along with the decision to be announced within a month’s time. According to the trader sources, the hearing will commence in Jaipur HC from 26th May.
# About 12.82 lakh ha sowing area coverage of summer crops under pulses as compared to 9.67 lakh ha. during the corresponding period of last year.
# The Commission for Agricultural Costs and Prices (CACP) has recommended higher support prices for 17 summer-sown, or kharif, crops. The cabinet will consider the proposed new rates.
# Canadian Lentil Prices To Rise Sharply On Firm Demand, Chickpeas Prices To Be Subdued On Higher Supplies.
CACP Recommend For Hike In MSP Of Kharif Pulses 2020-21
|
Commodity
|
Kharif 2020-21
|
Kharif 2019-20
|
Percentage
|
Tur
|
6000
|
5800
|
3.45
|
Urad
|
6000
|
5700
|
5.26
|
Moong
|
7196
|
7050
|
2.07
|
Burma Lemon Tur:
Desi tur in Akola market fell by Rs 150 to Rs 5,375-5,400/100Kg due to sufficient availability to mills for crushing of old raw Tur from Nafed and ongoing new arrivals.
Government agency is actively selling old raw Tur in the range of Rs 5,000-5,200/100kg as per quality at Maharashtra to the mills for processing, packaging and supply of processed Tur under PDS.
Millers are getting parity in crushing raw Tur for conversion, from government, despite reduced prices of Tur dal. Also millers are selling dals for government tenders.
Mills are operating at only 50% of their capacity, as migrant labours have migrated to their respective hometown due to lock down. Millers are dependant on local labours to run their mills due to which the pace of processing has been affected.
Similarly, Tur Lemon variety of Burma-origin eased by Rs 25 at Rs 5,000/100Kg in Mumbai. Negligible buying from mills in imported Tur is the major reason, as millers' prefer domestic variety due to better quality and lower transportation costs from nearby mandi.
NAFED Procures Over 496491.25 MT (PSS)/ 125337.98 MT (PSF) Tur In Kharif-2019 Season So Far at Minimum Support Price of Rs 5,800.
In near term, Tur prices are likely to trade in the range of Rs 200-300/100Kg from current prices due to matching demand and supply. Further price direction will depend on monsoon forecast.
Tur ( Prices In Rs /100Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Mumbai
|
Lemon
|
5000
|
5025
|
5100
|
5650
|
Akola
|
Desi
|
5375-5400
|
5525-5550
|
5475-5500
|
6175-6200
|
Gulbarga
|
Desi
|
5200-5300
|
Closed
|
5000
|
6100-6200
|
|
|
|
|
|
|
Tur Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Akola
|
Phatka
|
7600-7700
|
7800-7900
|
7700-7900
|
8500-8700
|
Gulbarga
|
Phatka
|
7500-7900
|
Closed
|
7500-7900
|
8700-8800
|
Katni
|
Phatka
|
8000-8100
|
8100-8200
|
8000-8100
|
8800-8900
|
Burma Urad:
Burma Urad FAQ variety new dropped by Rs 250 to Rs 6,200/100Kg, at Mumbai as sellers were active in the market amid sluggish offtake in processed Urad, and liquidity crunch.
Moreover, Government reduces deadline for Urad import annual quota by 6 months.
Overseas supplies at Chennai port and summer crop arrivals is pressurising buyer sentiments.
Demand is impacted as Papad manufacturing units are closed due to lock down. Summers are the peak season for Papad manufacturing.
Around delivery of 1200 containers of Burma Urad from Chennai port likely to began from Tuesday. More, 550 containers expected to arrive at Chennai port before 31st May against quota allocated for the year 2019-20.
Moreover, arrivals of rabi crop polished Urad from Krishna district had also dampened the sentiments. Meanwhile, no sellers were active in Andhra Pradesh to liquidate below Rs 7,000/100Kg. But, continued decline in the prices of imported Urad may pressurise the sentiments. Urad gota variety traded in the range of Rs 8,700-8,800.
New summer crop Urad traded in the range of Rs 6,500-6,800/100kg at Jabalpur market of M.P. and Veraval of Gujarat.
Meanwhile, Supreme Court has pushed the date of hearing on pulses import restrictions till July 10, 2020. Jaipur High Court has ordered to shift all cases to Supreme Court, so hearing can be at one place.
Experts believe that if the entire allocated quantity of Urad is imported, then the supply of 4 lakh tonne Urad will be seen in next three months.Meanwhile there is ongoing supply of summer and rabi Urad crop in India. This is bearish for Urad prices in near term.
Urad ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Mumbai FAQ
|
FAQ
|
6200
|
6450
|
6600
|
5000
|
Chennai
|
FAQ
|
6150-6175
|
6550-6575
|
NA
|
5050
|
Chennai
|
SQ
|
6700
|
7000
|
NA
|
6250
|
Jalgaon
|
Desi
|
6500-6900
|
6700-7150
|
6700-7100
|
5150-5600
|
|
|
|
|
|
|
Urad Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Mumbai
|
|
9000/9500
|
9000/9500
|
9500-10000
|
6600-6800
|
Chana Kantewala (Indore):
Chana prices traded steady to weak in a narrow range at Rs 4,100-4,125/100Kg in Indore, amid limited mill buying to meet their immediate crushing requirements, ongoing arrivals. Movement of Chana prices in spot markets witnessed on fluctuation of Chana futures.
Even demand for chana dal and besan was lukewarm at wholesale/retail counters due to availability of sufficient stock.
Moreover NAFED's stock liquidation at selected states, holding major stock and higher output estimates will keep a check on prices.
As on May 21, 2020, NAFED has successfully procured 673414.16 MT of Chana at Minimum Support Price of Rs 4,875.
Chana stocks at NCDEX accredited warehouses stood at 12748 metric tonnes as on 21st May, the exchange data showed.
As per market experts, Chana prices likely to trade in the narrow range for short term period due to ongoing arrivals and sufficient availability. Meanwhile, Chana prices were trading much below MSP. Ongoing procurements by government agency will support prices. Moreover, zero import quota of yellow peas for the current fiscal will support the prices.
Chana ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Mumbai
|
Australia
|
NA
|
NA
|
NA
|
4650
|
|
Tanzania
|
NA
|
NA
|
NA
|
NA
|
|
Burma
|
NA
|
NA
|
NA
|
4600
|
Indore
|
Katewala
|
4100-4125
|
4100-4125
|
4100-4125
|
4600-4625
|
Delhi
|
Rajasthan origin
|
4150
|
4200
|
4175-4200
|
4750
|
Akola
|
|
4040-4050
|
4025-4050
|
4050-4075
|
4700-4725
|
Bikaner
|
|
4080
|
NA
|
NA
|
4525
|
|
|
|
|
|
|
Chana Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Akola
|
|
4900-5300
|
5100-5400
|
5100-5400
|
5500-6000
|
Indore
|
|
5100-5500
|
5400-5600
|
5400-5600
|
NA
|
Jaipur
|
|
4900
|
5050
|
5075
|
5600
|
|
|
|
|
|
|
Chana Besan ( Prices In Rs / 50Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Mumbai
|
|
3100
|
3130
|
3160
|
NA
|
|
|
|
|
|
|
Kabuli Chana ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Indore
|
40-42
|
NA
|
NA
|
NA
|
6450
|
|
42-44
|
6250
|
NA
|
NA
|
6250
|
|
44-46
|
6150
|
NA
|
NA
|
6050
|
|
Dollar
|
5200-5500
|
NA
|
NA
|
5000-5700
|
Mumbai
|
Sudan
|
NA
|
NA
|
NA
|
4550
|
|
Ethiopia
|
NA
|
NA
|
NA
|
4475
|
|
Russia
|
NA
|
NA
|
NA
|
4450
|
|
Burma
|
NA
|
NA
|
NA
|
4700
|
Masoor ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Mumbai
|
Canada
|
5500-5600
|
5600-5700
|
5700-5800
|
4100-4200
|
|
Australia
|
5700
|
5800
|
5900
|
4300
|
Mundra
|
Canada
|
5400
|
5475-5500
|
5575
|
NA
|
Hajira
|
Canada
|
5475
|
NA
|
NA
|
NA
|
Kolkata
|
Canada
|
5450-5500
|
5500-5600
|
5800
|
NA
|
|
Australia
|
5650-5700
|
5700
|
5950
|
NA
|
Indore
|
Desi
|
5250
|
5300-5350
|
5300
|
4250-4300
|
Raipur
|
Desi
|
5450-5500
|
5500
|
5325-5350
|
4500
|
Kanpur
|
Desi
|
5575
|
5575
|
5500
|
4550
|
|
|
|
|
|
|
Masoor Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Khopoli
|
|
7100
|
7100
|
7200-7300
|
5100-5200
|
Katni
|
|
7000
|
NA
|
NA
|
5150
|
Imported Masoor (Mumbai):
Canada crimson variety and Australia origin Masoor slipped for second straight week in a row by Rs 100 to Rs 5,500-5,600 and Rs 5,700/100Kg, respectively at Mumbai, on millers refraining purchases at prevailing rates and consistent overseas supplies at Mumbai/Hazira/Mundra port.
Moreover, demand and sale counter in processed Masoor reported thin activity due to availability of sufficient stock at wholesale/retailer counters.
Similarly, desi Masoor prices remained weak by Rs 50-100 at Rs 5,250/100Kg at Indore on limited trade from local and outstation millers' against ongoing arrivals and following weak trend in imported Masoor.
As per Kolkata based trader, major pulses stock, such as Masoor had been damaged in godowns/mills due to recent rain because of Amphan cyclone.
As on May 21, 2020, NAFED has successfully procured 360.21 MT of Masoor at Minimum Support Price of Rs 4,800.
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.
Imported White Pea (Mumbai):
Prices of White Pea widened losses for second straight week by Rs 75 at Rs 4,550-4,650/100Kg at Kanpur market amid thin mill buying and ongoing arrivals.
White Pea ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Mumbai
|
Canada
|
NA
|
NA
|
NA
|
4950
|
Kolkata
|
Canada
|
NA
|
NA
|
NA
|
NA
|
Kanpur
|
|
4550-4650
|
4675-4775
|
4725-4825
|
5000-5100
|
|
|
|
|
|
|
White Pea besan ( Prices In Rs / 50Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Mumbai
|
|
3650
|
3700
|
3700
|
NA
|
|
|
|
|
|
|
White Pea Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Mumbai
|
|
7200
|
7400
|
7400
|
NA
|
However, thin 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 two month due to lockdown and negligible stock.
Moong (Jaipur):
Moong prices witnessed sharp fall at Jaipur market of Rajasthan, as per quality on increased arrivals of summer crop in Madhya Pradesh, Gujarat and Bengal and also millers less interested to purchase due to disparity at higher rate as demand and sale counter in processed Moong reported weak.
Stockiest are sidelined at current prices.
Arrivals of new summer crop is likely to be began in Bihar/Jharkhand/Uttar Pradesh from next month.
As on May 21, 2020, NAFED has successfully procured 270.21 MT of Moong at Minimum Support Price of Rs 7,050.
As per market talk, more fall of Rs 300-400/100Kg cannot be ruled out. But, moong prices likely to get support at lower rates due to lower kharif output and less availability with government agency and private traders. Millers will also prefers parity in crushing at lower rates.
Moong ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Jaipur
|
Kharif
|
8000-8200
|
9000-9300
|
9000-9150
|
5800-6600
|
Veraval
|
Summer
|
6500/6900
|
7200/7700
|
NA
|
NA
|
Harda
|
Summer
|
NA
|
7700/8350
|
NA
|
6200/6350
|
|
|
|
|
|
|
Moong Dal ( Prices In Rs / 100Kg )
|
Market
|
Variety
|
23-May-20
|
16-May-20
|
09-May-20
|
23-May-19
|
Jaipur
|
|
9200-9300
|
10700-10800
|
10500-10600
|
7900-8000
|
Gulbarga
|
|
11000
|
NA
|
11200
|
8300
|
Akola
|
|
NA
|
NA
|
NA
|
7500-8000
|
(By Commoditiescontrol Bureau; +91 9820130172)
|