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 tur in 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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