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Weekly: Pulses Drop On Listless Demand In Dals, Crop Arrivals

25 May 2020 1:36 pm
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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 bel
ieve 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)

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