Login ID:
Password:
Partner Login
Contact Us : 7066511911

Weekly: Most Pulses Weak On Listless Demand In Dals; Kharif Sowing Rises

13 Jul 2020 9:06 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
MUMBAI (Commodities control) – Urad, Masoor, Chana and Moong prices declined for the week ended 11th July amid sluggish mill buying, as demand and sale counter in processed pulses reported negligible activity. On the other hand, Tur prices traded mixed with cautious activity at prevailing rates, while White Pea was priced flat due to thin activity.

Kharif sowing was higher due to timely monsoon rains and higher MSP along with better Government procurements that encouraged farmers towards pulses cultivation.
Weekly Highlights

# Kharif Sowing 44% Higher Than Last Year amid Robust Monsoon Rains.
# India Kharif Pulses Sowing Up 162.35 %, as On July 10, at 64.25 Lakh Ha Vs 24.49 Last Year.
# Tur acreage is racing ahead with 199.20% higher acreage at 2.62 million hectares as compared with corresponding period last year, while Urad acreage was registered at 1.98 million hectares and moong sowing has touched 1.52 million hectares, so far.
# Canada's May Lentil Exports totaled 326,517 metric tons (MT), up 41% from the 231,500 MT exported last month. For the marketing year so far, Canada’s lentil exports was reported at 2,095,502 MT versus 1,647,327 MT in the previous marketing year. India was the biggest buyer at 92,121 MT. Bangladesh was second biggest buyer at 56,610 MT, followed by Turkey at 39,841 MT.
#Australian lentils export was registered at 72,191 metric tons (MT), up 36% from the previous month's total of 52,962 MT. Meanwhile for the marketing year, the export has jumped 224% at 470,090 MT. Lentil exports for the corresponding period in the last marketing year was 145,008 MT. Bangladesh was the biggest buyer of Australian lentil at 45,530 MT. Sri Lanka was the second buyer receiving 9,644 MT, followed by India at 6,568 MT.

Burma Lemon Tur:

Tur moved higher in bilty trade at Akola market by Rs 75-100 to Rs 6,000-6,025/100Kg due to fresh participation by local/outstation millers.

Quality of Tur in Madhya Pradesh/Uttar Pradesh has been average due to rains. Hence, millers prefer to purchase Tur for crushing from Maharashtra/Karnataka.

On the other hand, Tur Lemon variety of Burma-origin, both old and new, fell Rs 50-75 to Rs 5,150/100Kg and Rs 5,300, respectively in Mumbai.

In Mumbai, Malawi-origin Tur lakota variety traded at Rs 4,950-5,000/100Kg, Mozambique Tur gajri/whitevariety at Rs 5,200-5,250 and Arusha Tur average quality at Rs 5,000-5,100.

Mozambique-origin Tur dal Phatka variety traded at Rs 7,400-7,500/100Kg and Sava No variety at Rs 7,200-7,300.

New Mozambique Tur traded at $670-$680per ton in container on CNF basis for August/September shipment.

Meanwhile, demand and sale counter in Tur dal reported slow activity.

Trade activity has been lukewarm, as some markets are shut due to lockdown and labour shortage. Even demand is less due to heavy rains/flood in Bihar, Assam and Uttar Pradesh etc.

Sentiments were pressurised due to fear of government agency liquidating procured old stock, along with higher sowing amid good monsoon.

Consumption, although, is expected to rise as prices of vegetable, poultry and meats products are higher.

Tur prices will be underpinned due to slow-paced seasonal arrivals on low yields.

Moreover stock of imported Tur, both Burma and Africa origin, were reported to be limited.

Meanwhile, arrivals of good quality Tur is weaker in domestic markets. Government is yet to give any quota to millers and refiners. Overseas Supply is expected from August-September.

Major tur stocks have been reported with government as compared to private traders/millers.

Tur ( Prices In Rs /100Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Mumbai Lemon 5150-5300 5200-5375 5150-5250 5275
Akola Desi Bilty 6000-6025 5900-5950 6025-6050 5825-5850
Gulbarga Desi 5700-5800 5900-6000 5700-5850 5800-5850
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Akola Phatka 8100-8250 8200-8400 8200-8400 8000-8200
Gulbarga Phatka 7900-8300 8100-8500 8000-8400 7900
Katni Phatka 8450-8550 8500-8600 8700-8800 8200-8300


Burma Urad:

Burma Urad FAQ new variety traded weak by Rs 125 at Rs 5,950/100Kg, in Mumbai.

Similarly in Chennai, Burma Urad FAQ/SQ varieties fell Rs 300-400 to Rs 5,900/100Kg and Rs 6,850-6,75, respectively.

Miller purchases were slack, despite lower ready stock of imported Urad as offtake in processed Urad reported negligible.

Upcoming supply from Burma till July end is below expectation against annual quota license.

As per Burma local trader, direct vessel carrying 240 containers departed from Yangon for India (Chennai). Around 25,000 tonnes may be loaded for India in July month against Urad Import Annual Quota of 4 lakh MT.

Indian buyers were interested in purchasing Urad SQ variety at $800 per metric ton on FOB basis. However no trade was reported.

Millers are yet to receive import quota license.

Supreme Court Hearing on the pulses imports case is to take place on 14th July.

Kharif sowing was reported to be higher and new crop is likely to arrive from September-end in domestic markets.

Government reduced the deadline for Urad Import Annual Quota of 4 lakh MT by 6 months to 31st August, 2020.

Urad ( Prices In Rs / 100Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Mumbai FAQ FAQ 5950 6075 6050 4475
Chennai FAQ 5900 6200 6050-6075 4350-4375
Chennai SQ 6850-6875 7400 7150-7175 5575-5600
Jalgaon Desi 6175-6700 NA 6400-6800 4600-5250
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Mumbai 8300-8900 8500-9100 8500-9100 6000-6200


Chana Kantewala (Indore):

Chana prices eased for second straight week by Rs 25 at Rs 4,200-4,225/100Kg in Indore following weak cues from futures, thin mill buying and ongoing arrivals.

Actual demand in chana dal and besan from consumption centres was reported to be negligible.

Meanwhile, sentiments are dampened due to NAFED's liquidation of old stock of chana in selected states. However, Nafed is not interested in liquidating stock below Rs 4,500/100Kg.

As on July 9, 2020, NAFED has successfully procured 2110064.09 MT of Chana at Minimum Support Price of Rs 4,875.
As per market talk, current price levels in Chana are attractive for millers/traders due to cheaper pulses and reducing arrivals. Even consumption is likely to increase in coming days as festive period begins next month till Diwali. Meanwhile, prices in spot markets traded much below MSP of Rs 4,875.

Chana ( Prices In Rs / 100Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Mumbai Australia NA NA NA 4250
Tanzania 4000 4050 4200-4225 NA
Burma NA NA NA 4175
Indore Katewala 4200-4225 4225-4250 4350-4375 4200
Delhi Rajasthan origin 4150-4175 4175 4275-4300 4400
Akola 4400-4425 4375-4400 4525-4550 4375-4400
Bikaner 4075 4150 4250-4260 4225-4250
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Akola 5300-5700 5300-5700 5400-5800 5200-5700
Indore 5300-5700 5300-5700 5400-5800 NA
Jaipur 4875-4900 5000 5100 5150-5200
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Mumbai 3175 3175 3175 NA
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Indore 40-42 NA NA NA 5800
42-44 6500 6500 6500 5600
44-46 6300 6350 6350 5400
Dollar 5500-6100 5500-6000 5400-5800 4600-5300
Mumbai Sudan NA NA NA 4325-4350
Ethiopia NA NA NA 4200
Russia 4150 4200 4350-4400 4125-4250
Burma NA NA NA 4350

Nafed Procured Chana As On 9 July, 2020
State MT
Andhra Pradesh 127915.1
Karnataka 101843.45
Rajasthan 615666.61
Telangana 47600
Maharashtra 338964.37
Madhya Pradesh 706313.62
Uttar Pradesh 38498.18
Haryana 10636.46
Gujarat 122626.3
Total 2110064.09


Imported Masoor (Mumbai):

Canada crimson variety and Australia origin Masoor continued to trade lower by Rs 100 each at Rs 5,250-53450/100Kg and Rs 5,400, respectively in Mumbai amid thin buying due to unattractive crushing margins.

Similarly, Canada crimson variety Masoor at Hazira and Mundra port fell Rs 50-100 each at Rs 5,200-5,225/100Kg and Rs 5,175-5,200, respectively.

Cheaper overseas supplies, ongoing rabi crop arrivals and thin demand in processed Masoor will keep prices under pressure.

Vessel M. V. Livita carrying approx. 53000 MT Masoor from Canada is discharging at Kakinada port. Vessel will discharge at two ports; 25000 MT at Kakinada and 28000 MT at Kolkata.

Another vessel M.V. Paola Topic carrying 57000 MT Canada Masoor departed for India on 30 June. Vessel is expected to reach India till July end and discharge at two port (Hazira/Mundra).

Three more vessels are expected to arrive in India, carrying Masoor from Canada before 31 August, 2020.

Masoor ( Prices In Rs / 100Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Mumbai Canada 5250-5350 5350-5450 5400-5550 4000-4100
Australia 5400 5500 5600 4200
Mundra Canada 5175-5200 5250 5300 NA
Hajira Canada 5200-5225 5300 5350 NA
Kolkata Canada 5300-5350 5400 5400-5500 4150
Australia 5400-5500 5500-5550 5650-5700 4350
Indore Desi 5500 5500 5600-5650 4150
Raipur Desi 5400 5700 5750-5800 4325-4350
Kanpur Desi NA 5850 5875 4425
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Khopoli 6600 6650 6650 5150-5250
Katni NA NA NA 4950


Imported White Pea (Mumbai):

Canada origin White Pea was priced unchanged at Rs 6,000/100Kg amid thin activity.

The peas could not find support, despite tightness in ready stock.

On the other hand, White Pea prices moved higher for second straight week by Rs 100 at Rs 5,250/100Kg at Kanpur market amid slowdown in new arrivals and demand from Southern markets, for graded quality White Pea.

However, prices are unlikely to sustain at higher rates as millers preferred to stay with desi Chana/Kabuli Chana, due to easy availability.

Prices of White pea dal and besan ruled flat as demand and sale counter witnessed thin participation.

Supreme Court Hearing on the pulses import case will take place on 14th July now.

White Pea ( Prices In Rs / 100Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Mumbai Canada 6000 6000 6000 4825
Kolkata Canada NA NA NA 5250
Kanpur 5250 5100-5150 4975-5000 5050-5150
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Mumbai 3525 3525 3525 NA
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Mumbai 6550 6550 6550 NA


Moong (Jaipur):

Moong prices extended fall by Rs 100 at Rs 6,500-6,600/100Kg in Jaipur market of Rajasthan, as per quality, on slow mill buying for immediate requirement for crushing.

Meanwhile, demand and sale counters in processed Moong reported thin participation.

Similarly, summer crop Moong ruled weak due to average quality arrivals in various origin because of recent rain and higher arrivals.

Millers were interested in purchasing good quality Moong for crushing. However, average quality arrivals at various origins were witnessed due to recent rains. Meanwhile higher arrivals dampened sentiments.

kharif sowing is reported to be higher and new crop will likely arrive from mid- August in Karnataka.

Stockiests are sidelined at current prices, despite lower stocks with government agencies and private traders/millers.

Locust attack hit the summer moong crop in the several districts of Rajasthan, MP and UP.

As on July 9, 2020, NAFED has successfully procured 3857.88 MT of Moong at Minimum Support Price of Rs 7,050.

Moong ( Prices In Rs / 100Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Jaipur Kharif 6500-6600 6600-6700 6700-6750 5900-6300
Veraval Summer NA 6800-7200 NA NA
Harda Summer NA 4000-6550 NA 5200-5750
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 11-Jul-20 04-Jul-20 27-Jun-20 11-Jul-19
Jaipur 7300-7400 7500-7600 7600-7700 7400
Gulbarga 8600-8700 9100-9200 9700-9800 7900
Akola NA NA NA 7300-7800

Nafed Procured Moong As On 9 July, 2020
State MT
Odisha 3757.33
Tamil Nadu 100.55
Total 3857.88


(By Commodities control Bureau; +91 9820130172)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Special Reports
Tur Dal (Akola) vs. Tur Bilty (Akola) - Spread Chart An...
Masoor (Kolkata) (Spot) – Inflection Point: Consolidati...
Tur Bilty (Akola) (Spot) – Trending Higher / Next Poten...
Akola Tur Prices Set to Climb amid Declining Stocks, U...
Yellow Mozaic Damages Moong in Rajasthan; Prices Head N...
more
Top 5 News
CRB Index & U.S. Dollar Index
USD/ARS & USD/BRL—
USD/CNY & USD/IDR
USD/MYR
Tur Dal (Akola) vs. Tur Bilty (Akola) - Spread Chart An...
Top 5 Market Commentary
Mustard Seed Gains Further In Jaipur, Sold In Smaller M...
Heavy Rain Can Cause Discolour To Guar Seed, New Arriva...
Sugar Markets Looks For Decision On MSP Hike, Prices Re...
Cotton Prices Steady in Karnataka amid Zero Arrivals Du...
Cotton Prices Steady in Andhra Pradesh, Telangana as Ar...
Copyright © CC Commodity Info Services LLP. All rights reserved.