MUMBAI (Commodities control) – Urad, Moong and Tur prices remained weak for the week ended 30th May due to mills’ thin trade activity and ongoing arrivals. While Masoor and White Pea were firm on fresh low level buying. On the other hand, Chana prices stayed almost unchanged on limited buying and ongoing arrivals.
Meanwhile, demand slowdown in processed pulses due to sufficient quantities of stocks, liquidity crunch, and government policy had dampened the sentiments. Week Highlights #India Meteorological Department (IMD) said that the Southwest monsoon could hit Kerala soon around June 1. # Madhya Pradesh Government raised the procurement deadline for Chana, Masur and Mustard crops, from farmers at MSP, to 10th June. Earlier, the last date for procurement of the crops was 30th May. # sidelining the plea of selected importers, Centre has decided against any reduction in import duty levied on Masoor. Sources confirm that the duty is unlikely to be changed until August this year. # 1671 Dal Mills To Import 4 Lk MT Urad By August 31. Burma Lemon Tur: Desi turin Akola market gained by Rs 75-100 to Rs 5.450-5,500/100Kg due to mills’ buying activity at lower rates and also seasonal arrivals being below expectation due to less yield. Monthly demand expected soon as purchasing from millers, retailers and wholesalers are hand to mouth. Millers are getting parity in crushing raw Tur for conversion, from government. Millers are, also, selling dals for government tenders. On the other hand, Tur Lemon variety of Burma-origin was priced weak by Rs 100 to Rs 4,900/100Kg in Mumbai, as millers prefer new domestic variety or old raw Tur with Nafed due to better quality and lower transportation costs over raw tur from nearby mandi. NAFED Procures 507134.14 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. Tur prices are likely to get support at lower rates due to less carryover stock. The millers/traders have been trading hand-to-mouth due to liquidity crunch and Government policy.Further price direction will depend on monsoon forecast.
Tur ( Prices In Rs /100Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Mumbai
Lemon
4900
5000
5025
5600
Akola
Desi
5450-5500
5375-5400
5525-5550
6125-6150
Gulbarga
Desi
5200-5300
5200-5300
Closed
6000-6150
Tur Dal ( Prices In Rs / 100Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Akola
Phatka
7650-7750
7600-7700
7800-7900
8400-8600
Gulbarga
Phatka
7500-7900
7500-7900
Closed
8500
Katni
Phatka
8050-8150
8000-8100
8100-8200
8550-8650
Burma Urad: Burma Urad FAQ variety new gave up Rs 250, to Rs 5,950/100Kg, in Mumbai due to dull trade amid sluggish offtake in processed Urad, and liquidity crunch. Overseas supplies at Chennai port and Rabi/Summer crop arrivals are pressurising buyer sentiments. Meanwhile Government has reduced 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 a year old case now. SC has ordered that the hearing of this case be conducted at Jaipur High Court; decision to be announced within a month’s time. However, Jaipur High Court postponed the Hearing On Pulses Import restriction until June 3, 2020. As per Burma based trader, Indian buyers were active in purchasing Urad at lower rates and holding stock in Burma against deadline for Urad Import Annual Quota of 4 lakh MT to 31st August, 2020. Around 30-40 containers of Urad FAQ/SQ varieties has set sail for India (Chennai). Urad FAQ traded at $665 per metric ton on FOB basis and SQ variety at $720. As per market talk, Urad prices may get support at lower rates, but unlikely to sustain at higher rates due to regular supply from overseas and ongoing domestic arrivals.
Urad ( Prices In Rs / 100Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Mumbai FAQ
FAQ
5950
6200
6450
4850
Chennai
FAQ
5800
6150-6175
6550-6575
4875
Chennai
SQ
6400
6700
7000
6100
Jalgaon
Desi
6300-6800
6500-6900
6700-7150
5100-5450
Urad Dal ( Prices In Rs / 100Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Mumbai
8500-9000
9000-9500
9000-9500
6500-6700
Chana Kantewala (Indore): Chana prices traded steady to firm in a narrow range at Rs 4,125-4,150/100Kg in Indore, amid mill buying to meet immediate crushing requirements and ongoing arrivals. Spot chana was seen tracking fluctuations in Chana futures. Increased Pace of Chana procurement by government agency at MSP is supporting the prices at lower rates. As per market sources, arrivals in domestic markets are likely to slow down, as farmers prefer to sell to government agency at MSP, instead of selling in open markets at lower rates. This is the reason due to which, millers aren't getting enough supplies of raw Chana for crushing. Demand for chana dal and besan was thin at wholesale/retail counters due to availability of sufficient stock. Moreover NAFED's stock liquidation at selected states and higher output estimates will keep a check on prices. As on May 28, 2020, NAFED has successfully procured 955093.67 MT of Chana at Minimum Support Price of Rs 4,875.
Chana ( Prices In Rs / 100Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Mumbai
Australia
NA
NA
NA
4600
Tanzania
NA
NA
NA
NA
Burma
NA
NA
NA
4450
Indore
Katewala
4125-4150
4100-4125
4100-4125
4475
Delhi
Rajasthan origin
4100
4150
4200
4750
Akola
4050-4075
4040-4050
4025-4050
4650-4675
Bikaner
4050-4075
4080
NA
4600
Chana Dal ( Prices In Rs / 100Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Akola
5000-5300
4900-5300
5100-5400
5500-6000
Indore
5000-5400
5100-5500
5400-5600
NA
Jaipur
4825-4850
4900
5050
5600
Chana Besan ( Prices In Rs / 50Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Mumbai
3075
3100
3130
NA
Kabuli Chana ( Prices In Rs / 100Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Indore
40-42
NA
NA
NA
6150
42-44
NA
6250
NA
5950
44-46
NA
6150
NA
5750
Dollar
5100-5500
5200-5500
NA
4500-5200
Mumbai
Sudan
NA
NA
NA
4550
Ethiopia
NA
NA
NA
4450
Russia
NA
NA
NA
4375
Burma
NA
NA
NA
4650
Imported Masoor (Mumbai): Canada crimson variety and Australia origin Masoor moved higher by Rs 100 to Rs 5,600-5,700 and Rs 5,800/100Kg, respectively at Mumbai, on millers’ buying at lower rates. Centre has decided against any reduction in import duty levied on Masoor, thereby, supporting prices. Similarly, domestic Masoor traded higher by Rs 100-125/100Kg in major markets of Madhya Pradesh, Uttar Pradesh and Chhattisgarh, due to improved buying from local/outstation traders/millers at prevailing rates and below expectation ongoing arrivals. As on May 28, 2020, NAFED has successfully procured 917.48 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, below expectation arrivals of rabi masoor crop and lesser acreage.
Masoor ( Prices In Rs / 100Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Mumbai
Canada
5600-5700
5500-5600
5600-5700
4050-4150
Australia
5800
5700
5800
4250
Mundra
Canada
5500
5400
5475-5500
NA
Hajira
Canada
5550
5475
NA
NA
Kolkata
Canada
5550-5600
5450-5500
5500-5600
4100-4125
Australia
5700
5650-5700
5700
4300
Indore
Desi
5350-5375
5250
5300-5350
4100-4150
Raipur
Desi
5450-5500
5450-5500
5500
4300
Kanpur
Desi
5700
5575
5575
4450
Masoor Dal ( Prices In Rs / 100Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Khopoli
7000
7100
7100
5100-5150
Katni
NA
7000
NA
5000
Imported White Pea (Mumbai): Prices of White Pea gained Rs 75 at Rs 4,625-4,725/100Kg at Kanpur market amid local and outstation mill buying. However, limited trading activity 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 for over two months, due to lockdown and negligible stock. Meanwhile, Supreme Court has once again handed over the case of pulses import to Jaipur High Court. This is nearly a year old case now. SC has ordered the hearing of this case to be conducted at Jaipur High Court, along with the decision to be announced within a month’s time. However, Jaipur High Court Postponed Hearing On Pulses Import Restriction Till June 3, 2020. Customs clearance of White Pea, in containers, at Mumbai and Chennai is pending. If decision of the court comes in favour of importers, prices may slip in the short term.
White Pea ( Prices In Rs / 100Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Mumbai
Canada
NA
NA
NA
4825
Kolkata
Canada
NA
NA
NA
5100
Kanpur
4625-4725
4550-4650
4675-4775
5025-5125
White Pea besan ( Prices In Rs / 50Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Mumbai
3600
3650
3700
NA
White Pea Dal ( Prices In Rs / 100Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Mumbai
7100
7200
7400
NA
Moong (Jaipur): Moong prices extended losses at Jaipur market of Rajasthan, as per quality, on increased arrivals of summer crop in Madhya Pradesh and Gujarat. Meanwhile, buying from millers was witnessed at lower rates for immediate requirement for crushing.But arrivals have slowed down at lower rates, as farmers are reluctant to sell at lower rates. Also M.P farmers are busy preparing their farms for soybean cultivation. Millers from Delhi, Punjab, Maharashtra and Gujarat were active in purchasing new Moong from Madhya Pradesh for immediate requirement at lower rates. However, demand and sale counter in processed Moong reported slowness. Stockiest are sidelined at current prices. Arrival pressure of summer crop in Bihar/Jharkhand/Uttar Pradesh, from 1st week of June, may keep prices under pressure. Locusts attack has hit summer moong crop in the districts of Madhya Pradesh and Uttar Pradesh. The attack happened just when farmers were preparing for a good harvest of moong. As per market talk, moong prices are likely to get support at lower rates due to lower kharif output and lesser availability with government agency and private traders. Millers will also prefer parity in crushing at lower rates. As on May 28 2020, NAFED has successfully procured 603.11 MT of Moong at Minimum Support Price of Rs 7,050.
Moong ( Prices In Rs / 100Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Jaipur
Kharif
7100-7300
8000-8200
9000-9300
5500-6200
Veraval
Summer
6400-7000
6500/6900
7200/7700
NA
Harda
Summer
6000-6590
NA
7700/8350
5800-6140
Moong Dal ( Prices In Rs / 100Kg )
Market
Variety
30-May-20
23-May-20
16-May-20
30-May-19
Jaipur
8100-8300
9200-9300
10700-10800
7700
Gulbarga
9900-10000
11000
NA
8200
Akola
NA
NA
NA
7500-8000
(By Commoditiescontrol Bureau; +91 9820130172)
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