MUMBAI (Commodities control) – Tur, Urad and Chana prices moved higher for the week ended 12th June, While, Masoor and Moong remained weak due to thin mill buying. On the other hand, White pea prices were unchanged amid slow trading volume.
Week Highlights
# Australia, EU, US Object to India's QR on Pulses Import; Raise Concerns at WTO.
# Higher MSP Could Lead to Economic Crisis; Need to Find Viable Solution: Nitin Gadkari.
# Monsoon Rains Cover One-Third of India - IMD.
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India 2020-21 Kharif Pulses Sowing Up 44.3 % As On June 12, 2020
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Commodity
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Area Sown In Lakh Hectare 2020-2021
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Area Sown In Lakh Hectare 2019-20
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Tur
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0.46
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0.12
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Urad
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0.34
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0.32
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Moong
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0.69
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0.29
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Other Pulses
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0.78
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0.85
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Pulses
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2.28
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1.58
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Burma Lemon Tur:
Desi tur in Akola market gained for third straight week by Rs 125 to Rs 5,650-5,675/100Kg due to improved mill buying. Meanwhile the seasonal arrivals have not picked up pace due to lesser yield. This slow-paced arrival may continue further for month in local markets.
Meanwhile Tur Lemon variety of Burma-origin both old and new slipped Rs 50 to Rs 5,000/100Kg and Rs 5,050, respectively in Mumbai amid slack trade, as millers preferred domestic Tur over imported variety.
However, activity from millers buying was limited, as demand and sale counter in Tur dal reported thin activity due to ongoing availability through Public distribution system (PDS). But, consumption is likely to be rise in near future.
NAFED Procured 523985.52 MT (PSS)/ 125337.98 MT (PSF) Tur In Kharif-2019 Season, so far, at MSP of Rs 5,800.
In near term, Tur prices are likely to trade range bound due to matching demand and supply.
Tur prices are likely to get support due to lesser 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.
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Tur ( Prices In Rs /100Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Mumbai
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Lemon
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5000-5050
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5050-5100
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4900
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5400
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Akola
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Desi
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5650-5675
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5525-5550
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5450-5500
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5800-5825
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Gulbarga
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Desi
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5400-5500
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5300-5400
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5200-5300
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5800-5900
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Tur Dal ( Prices In Rs / 100Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Akola
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Phatka
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7800-7900
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7800-7850
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7650-7750
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8200-8400
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Gulbarga
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Phatka
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7600-7900
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7600-7900
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7500-7900
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8100-8200
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Katni
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Phatka
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8150-8250
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8050-8150
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8050-8150
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8200-8300
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Burma Urad:
Burma Urad FAQ new variety traded higher by Rs 150 at Rs 6,100/100Kg, in Mumbai, due to millers’ buying at lower rates.
Similarly in Chennai, Burma Urad SQ variety also moved up Rs 300 to Rs 7,050/100Kg. FAQ variety upped Rs 150 to Rs 6,000.
Limited ready stock of imported Urad, no fresh supplies from overseas and steady arrivals of summer/rabi crop has supported prices.
However mills were interested in purchasing for immediate crushing requirements only, as demand and sale counters in Urad dal reported limited participation amid cash crunch.
Supreme Court Hearing on the pulses import case to take place on 17th June.
Government shortened the deadline for Urad Import Annual Quota Of 4 lakh MT by 6 months to 31st August, 2020.
As per Burma-based trader, Indian buyers have sidelined and are interested in purchasing at lower rates for July shipment. Previously, buyers would purchase some quantity of Urad and hold the stock in Burma against deadline for Urad Import Annual Quota of 4 lakh MT to 31st August, 2020. Stock of Urad was around 3 lakh tonnes.
Traders are of the opinion that Urad prices may get further support of Rs 300-400/100Kg, due to zero supply pressure from overseas in near future.
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Urad ( Prices In Rs / 100Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Mumbai FAQ
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FAQ
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6100
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5950
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5950
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4650-4675
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Chennai
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FAQ
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6000
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5850
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5800
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4725
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Chennai
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SQ
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7050
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6750
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6400
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5900
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Jalgaon
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Desi
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6500-6925
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6400-6850
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6300-6800
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4850-5300
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Jabalpur
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Desi Summer
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NA
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6500-6800
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NA
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NA
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|
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Urad Dal ( Prices In Rs / 100Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Mumbai
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8500-9100
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8600-9100
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8500-9000
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6350-6550
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Chana Kantewala (Indore):
Chana prices traded firm by Rs 25-50 in a narrow range at Rs 4,175/100Kg at Indore. This was due to mill buying, to meet immediate crushing requirements, as some activity on demand and sale counter in Chana dal/besan was witnessed. Spot chana was seen tracking fluctuations in Chana futures.
Nafed will procure Chana till 15th June in Madhya Pradesh. Increased Pace of Chana procurement, by government agency at MSP, and zero import quota of yellow peas for the current fiscal will support the prices.
As per market talk, current level of Chana prices is very attractive to purchase for millers/traders/stockiest.
NAFED's stock liquidation at selected states and stock holding will continue to pressurize buyer sentiments at higher level.
As on June 10, 2020, NAFED has procured 15,46,583.98 MT of Chana at MSP of Rs 4,875.
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Chana ( Prices In Rs / 100Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Mumbai
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Australia
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NA
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NA
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NA
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4350
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Tanzania
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4000-4025
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3975
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NA
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NA
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Burma
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NA
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NA
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NA
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4250
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Indore
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Katewala
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4175
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4150-4175
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4125-4150
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4300
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Delhi
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Rajasthan origin
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4150-4175
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4125-4150
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4100
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4550
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Akola
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4250-4275
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4125-4150
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4050-4075
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4400-4425
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Bikaner
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4100
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4100
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4050-4075
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4350
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|
|
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Chana Dal ( Prices In Rs / 100Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Akola
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5000-5300
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5100-5400
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5000-5300
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5400-5800
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Indore
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5000-5700
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5000-5400
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5000-5400
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NA
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Jaipur
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4850-4875
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4875-4900
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4825-4850
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5400
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Chana Besan ( Prices In Rs / 50Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Mumbai
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3075
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3100
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3075
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NA
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Kabuli Chana ( Prices In Rs / 100Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Indore
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40-42
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NA
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NA
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NA
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5850
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42-44
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6350
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NA
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NA
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5650
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44-46
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6150
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NA
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NA
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5450
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Dollar
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5000-5500
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5000-5500
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5100-5500
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4800-5200
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Mumbai
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Sudan
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NA
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NA
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NA
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4350
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Ethiopia
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NA
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NA
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NA
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4250
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Russia
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4125-4150
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4100
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NA
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4150
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Burma
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NA
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NA
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NA
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4400
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Imported Masoor (Mumbai):
Canada crimson variety and Australia origin Masoor fell for second straight week by Rs 50 to Rs 5,500-5,600 and Rs 5,650/100Kg, respectively at Mumbai, as millers refrained from purchasing at prevailing rates due to unattractive crushing margins. However, some speculative buying was witnessed at lower rates.
Upcoming cheaper overseas supplies, ongoing rabi crop arrivals and thin demand in processed Masoor further pressurised buyer sentiments.
On the other hand, domestic Masoor traded mixed in major market as per quality due to limited buying from local and outstation traders and millers at prevailing rates amid less ratio profit margin and ongoing arrivals.
As on June 10, 2020, NAFED has procured 1433.23 MT of Masoor at MSP of Rs 4,800.
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Masoor ( Prices In Rs / 100Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Mumbai
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Canada
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5500-5600
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5500-5650
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5600-5700
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3975-4100
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Australia
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5650
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5700
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5800
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4200
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Mundra
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Canada
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5400
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5400
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5500
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NA
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Hajira
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Canada
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5450
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5450
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5550
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NA
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Kolkata
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Canada
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5400-5450
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5500-5600
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5550-5600
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4100-4125
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Australia
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5550-5600
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5750-5800
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5700
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4350
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Indore
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Desi
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5450-5500
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5350-5400
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5350-5375
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4100
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Raipur
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Desi
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5500
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5600
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5450-5500
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4150
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Kanpur
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Desi
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5775
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5825
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5700
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4425
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Masoor Dal ( Prices In Rs / 100Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Khopoli
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6700
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7000
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7000
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5050-5100
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Katni
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NA
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NA
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NA
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4875
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Imported White Pea (Mumbai):
Price of White Pea was unchanged at Rs 4,700/100Kg at Kanpur market amid thin trade activity as millers preferred to stay with desi Chana/Kabuli Chana, due to easy availability.
No quotes of imported White pea were available in Mumbai/Kolkata
for over two months, due to lockdown and negligible stock.
Supreme Court Hearing on the pulses import case to take place on 17th June.
Customs clearance of White Pea, in containers, at Mumbai and Chennai is pending. If the decision comes in favour of importers, prices may slip in the short term.
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White Pea ( Prices In Rs / 100Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Mumbai
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Canada
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NA
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NA
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NA
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4750
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Kolkata
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Canada
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NA
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NA
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NA
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5100
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Kanpur
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4700
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4600-4700
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4625-4725
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5025-5125
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White Pea besan ( Prices In Rs / 50Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Mumbai
|
|
3600
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3600
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3600
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NA
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|
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|
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White Pea Dal ( Prices In Rs / 100Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Mumbai
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|
7000
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7100
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7100
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NA
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Moong (Jaipur):
Moong prices declined Rs 100-200 at Rs 7,000-7,200/100Kg in Jaipur market of Rajasthan, as per quality, on cautious mill buying.
Similarly, summer crop Moong also weakened by Rs 100-200/100Kg in producing centers amid limited mills' buying and ongoing arrivals.
Millers/traders from Delhi, Punjab, Haryana, Gujarat, Maharashtra and Southern markets were interested in purchasing Moong at lower rates from producing centers.
As on June 10, 2020, NAFED has procured 1862.25 MT of Moong at MSP of Rs 7,050.
As per market talk, moong prices are likely to get support at lower rates due to lesser availability with government agency and private traders. Millers prefer parity in crushing at lower rates. Meanwhile, arrivals of summer crop are likely to slow down as farmer will get busy with kharif sowing.
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Moong ( Prices In Rs / 100Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Jaipur
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Kharif
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7000-7200
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7200-7300
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7100-7300
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5800-6300
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Veraval
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Summer
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NA
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6800-7500
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6400-7000
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NA
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|
Harda
|
Summer
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NA
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NA
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6000-6590
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5350-5740
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Moong Dal ( Prices In Rs / 100Kg )
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Market
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Variety
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13-Jun-20
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06-Jun-20
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30-May-20
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13-Jun-19
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Jaipur
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8100-8200
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8200-8300
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8100-8300
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7600
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Gulbarga
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|
9800
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9800
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9900-10000
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7900-8000
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Akola
|
|
NA
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NA
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NA
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7500-8000
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(By Commoditiescontrol Bureau; +91 9820130172)
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