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Weekly: Pulses Slip Amid Thin Activity Due to Lockdown, Cash Crunch, Kharif Sowing Progress

27 Jul 2020 9:41 am
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MUMBAI (Commodities control) –Urad, Tur, Moong, Masoor, Chana and White Pea were headed southward for the week ended 25th July amid thin buying activity as demand and sale counters in processed pulses reported negligible participation due to cash crunch.

Trade volume has been scanty, as some markets are shut due to lockdown and labour shortage. Demand has been suffering due to closure of restaurants, small eatery joints, and big retail chains.

Farmers in 18 districts of Madhya Pradesh, who had sown kharif crops - Paddy, Millet, Soybean, Tur, Moong, Urad, Groundnut, will be staring at a huge loss if the monsoon continues to play truant for the next one week or so. The districts having deficient rains include Gwalior, Bhind, Datia, Guna, Shivpuri, Chhatarpur, Damoh, Sagar, Tikamgarh, Balaghat, Jabalpur, Narsinghpur, Katni, Dhar, Mandsaur, Shajapur and Hoshangabad.

Agricultural operations have been badly affected in Odisha, which recorded 30% deficit rainfall in the month of July. Farmers, who had started kharif crop early due to good rainfall in the first week of June, are now facing an uphill task to revive their crop plan. The situation worsened to such an extent that the seedlings have turned yellow.

Weekly Highlights
# India 2020-21 kharif crop sowing as on July 24 up at 799.95 lakh hectare as against 675.07 lakh hectare during the same period last year.
# India kharif pulses sowing as on July 24 was up 25.74% at 99.71 lakh hectare as against 79.3 lakh hectare during the same period last year.
# Rain Surplus at 6% So Far; IMD Sees Below-Normal Rains for West Coast, East-Central India.
# Agri Products to Be Marketed in Ways That Reduce Production Cost --Nitin Gadkari.
# 23% Rise in Kharif Sowing in Maharashtra.
# Telangana CM for Revamp of Farming Practices.
# Rules for Payment-Dispute Resolution for Trade Outside Mandi Notified.

Burma Lemon Tur:

Tur Lemon variety of Burma-origin, both old and new, gained Rs 125-150 to Rs 5,350/100Kg and Rs 5,500, respectively in Mumbai. But, millers participation reported negligible despite lesser availability of imported Tur stock.

On the other hand, domestic variety Tur eased to Rs 5,950-5,975/100Kg at benchmark market Akola.

India 2020-21 Kharif Tur Sowing Up 30.96 % as On July 22 at 36.8 Lakh Ha Vs 28.10 Last Year.

Millers are cautious in purchasing Tur at prevailing rates, as they may face disparity because of weak demand in dal from consumption centers.

Government agencies are selling old raw Tur to the mills for processing, packaging and supply of processed Tur under PDS.

Millers are getting parity in crushing raw Tur for conversion, from the Government. Also millers are selling dals for government tenders.

As per market view, Tur prices are likely to get support due to slow pace of seasonal good quality arrivals. Also, active participation at the demand and sale counter of dals is expected from 1st week of August. Supply from Mozambique is expected from September. Government is yet to give any quota to millers and refiners.

Bumper Kharif Moong crop is likely to pressurize buyer sentiments in Tur.

Tur ( Prices In Rs /100Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Mumbai Lemon 5350-5500 5175-5375 5150-5300 5350-5375
Akola Desi Bilty 5950-5975 Closed 6000-6025 6000-6025
Gulbarga Desi Closed Closed 5700-5800 5950
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Akola Phatka 8100-8300 Closed 8100-8250 8100-8300
Gulbarga Phatka Closed Closed 7900-8300 8000
Katni Phatka 8400-8500 8450-8550 8450-8550 8300-8400


India Tur Sowing Progress As On July 22
State Normal Current Previous Change %
Andhra Pradesh 0.77 0.9 0.27 233.33
Gujarat 2 1.74 1.51 15.23
Karnataka 7.22 8.97 6.4 40.16
Madhya Pradesh 4.85 3.75 3.65 2.74
Maharashtra 10.55 11.58 8.92 29.82
Odisha 0.92 0.9 0.75 20
Telangana 2.34 3.11 1.98 57.07
Uttar Pradesh 2.19 2.35 2.23 5.38
All India 33.27 36.8 28.1 30.96

Burma Urad:

Burma Urad FAQ new variety traded range bound at Rs 5,950/100Kg, in Mumbai.
On the other hand, in Chennai, Burma Urad FAQ variety was down Rs 75 at Rs 5,825-5,850/100Kg. SQ variety slipped Rs 150 at Rs 6,500-6,525, respectively.

Sluggish offtake was witnessed in processed Urad.

Supreme Court Postponed Hearing on Pulses Import Restriction till July 27. As per sources, Supreme Court May Deliver Judgement In its next Hearing. Around 27,000-28,000 MT of Urad lies at Chennai and Mumbai port.

As per a Burma-based trader, a direct vessel for India (Chennai) is expected to depart on 25th July- 27th July 2020. No trade was reported in Urad from India due to difference in quotes between buyers/sellers.

Meanwhile India 2020-21 Kharif Urad Sowing Up 18.15 % as On July 22, At 30.14 Lakh Ha Vs 25.51 Last Year.

New crops will likely 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.

However, the allocated quantity is not expected to arrive till 31st August, 2020 against the annual quota license. Millers are yet to receive import quota licenses.

Urad ( Prices In Rs / 100Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Mumbai FAQ FAQ 5950 5950 5950 4475
Chennai FAQ 5825-5850 5900-5925 5900 4375
Chennai SQ 6500-6525 6650-6675 6850-6875 5475
Jalgaon Desi 6050-6550 6000-6600 6175-6700 4550-5250
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Mumbai 8100-8700 8200-8800 8300-8900 5850-6050


India Urad Sowing Progress As On July 22
State Normal Current Previous Change %
Andhra Pradesh 0.15 0.09 0.04 125
Gujarat 0.78 0.68 0.53 28.3
Karnataka 0.79 0.91 0.52 75
Madhya Pradesh 11.78 14.79 11.83 25.02
Maharashtra 3.15 3.36 2.18 54.13
Rajasthan 3.91 2.81 4.45 -36.85
Tamil Nadu 0.22 0.06 0.05 20
Telangana 0.26 0.15 0.19 -21.05
Uttar Pradesh 4.03 5.02 4.43 13.32
All India 26.88 30.14 25.51 18.15

Chana Kantewala (Indore):

Chana prices were almost unchanged 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 slack. Meanwhile demand for besan has been suppressed throughout lockdown.

Millers reveal that demand for besan has tanked 80% so far. Nearly 60% of chana produced in the country is used for making besan and around 55-60 Lk tons of besan is produced annually. Until two years back, 30% of yellow peas were used in making besan. However it is negligibly used now. This year, however, chana is unlikely to be supported even with this factor under consideration.

Traders reveal that 70% of besan is consumed at the hotels, restaurants, weddings, parties, sweetshops and in preparation of temple offerings and savoury-snacks. Since end of March with enforcement of lockdown and restrictions, the demand has been near-to-nil.

Sentiments are dampened due to Nafed’s liquidation and free distribution of grains every month under PM Garib Kalyan Anna Yojana, till November end. However, Nafed is not interested in liquidating its stock below Rs 4,500/100Kg.

Interestingly, despite weak demand and consumption overseas imports are active. Tanzania Chana is being imported at $545/Ton for Nhava-Sheva/Chennai and $550/Ton for Kolkata.

It is to be noted that amid corona virus scare, Ganesh festival will not be celebrated in Maharashtra, which will be another big blow to besan demand that generally spikes during festivities. Market is uncertain about forthcoming Diwali demand as well.

Chana ( Prices In Rs / 100Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Mumbai Australia NA NA NA 4200
Tanzania 4000 4051 4000 NA
Burma NA NA NA 4150
Indore Katewala 4200-4225 4200-4225 4200-4225 4300
Delhi Rajasthan origin 4175 4175-4200 4150-4175 4425
Akola 4325-4350 Closed 4400-4425 4400-4425
Bikaner 4100 4050 4075 4240
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Akola 5200-5600 Closed 5300-5700 5100-5700
Indore 5200-5600 5300-5700 5300-5700 NA
Jaipur 4825 4825-4850 4875-4900 5050-5100
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Mumbai 3125 3125 3175 NA
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Indore 40-42 NA NA NA 6000
42-44 6550 6600 6500 5800
44-46 6350 6400 6300 5600
Dollar 5500-6000 5500-6000 5500-6100 4500-5200
Mumbai Sudan NA NA NA 4275
Ethiopia NA NA NA 4150
Russia 4100 4150 4150 4100
Burma NA NA NA 4300


Imported Masoor (Mumbai):

Canada crimson variety and Australia origin Masoor ruled steady to weak at Rs 5,225-5351/100Kg and Rs 5,451, respectively, in Mumbai amid slack mill buying activity and cheaper overseas supply of raw/processed Masoor.

Similarly, Canada crimson variety Masoor at Hazira and Mundra port was priced lower each at Rs 5,200/100Kg and Rs 5,181-5,200, respectively.

Imported Masoor dal traded in the range of Rs 6,050-6,200/100Kg.

Vessel M. V. Livita carrying approx. 53,000 MT Masoor from Canada completed discharge around 25,000 Mt at Kakinada port. Balance cargo around 28,000 MT likely to discharge in month end at Kolkata.

Another vessel M.V. Paola Topic carrying 57,000 MT Canada Masoor departed for India on 30 June. Vessel is expected to reach India by July end and discharge at two ports (Hazira/Mundra).

Vessel M.V. Lyra carrying approx, 55000-58000 MT Masoor from Canada is expected to arrive India by mid of August.

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

In forward business, Canada crimson variety masoor offered at $600-$605 per ton in container on CNF basis for August shipment, $580 for August-September shipment, New crop at $580 for September-October shipment.

Australia Nipper variety masoor offered at $630-$635 per ton in container on CNF basis for August shipment, $565-$570 for August-September shipment, new crop at $565 for November-December shipment.

Masoor ( Prices In Rs / 100Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Mumbai Canada 5225-5351 5250-5350 5250-5350 3925-4025
Australia 5451 5400 5400 4125
Mundra Canada 5181-5200 5225 5175-5200 NA
Hajira Canada 5200 5225 5200-5225 NA
Kolkata Canada 5200-5350 5300-5400 5300-5350 4150
Australia 5500-5600 5500-5600 5400-5500 4300
Indore Desi 5325-5350 5350 5500 4150-4200
Raipur Desi Closed 5450-5500 5400 4300
Kanpur Desi Closed 5750 NA 4400
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Khopoli 6500 6500 6600 5200-5300
Katni NA NA NA 4900


Imported White Pea (Mumbai):

Canada origin White Pea was priced flat 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 declined by Rs 50 at Rs 5,250/100Kg at Kanpur market amid thin trade activity as millers preferred to stay with desi Chana/Kabuli Chana, due to cheaper prices and easy availability.

Prices of White pea dal and besan ruled weak as demand and sales counter witnessed thin participation.

Supreme Court Hearing on the pulses import case will take place on 27th July now. Sources reveal that Supreme Court May Deliver Judgement In the upcoming hearing.

Total quantity of imported White Pea lying on ports is around 2, 65,377 MT. JNPT: 84,903 MT, Mumbai: 63,800 MT, Mundra: 1, 03,824 MT and Chennai: 12,850 MT.

Total quantity released from various ports is around 5, 53,925 MT. JNPT: 4, 01,901 MT, Mumbai: 50,800 MT, Mundra: 98,479 and Chennai: 2744 Mt.

White Pea ( Prices In Rs / 100Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Mumbai Canada 6000 6000 6000 5025
Kolkata Canada NA NA NA 5250-5300
Kanpur 5250 5300 5250 5250-5375
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Mumbai 3500 3500 3525 NA
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Mumbai 6500 6500 6550 NA


Moong (Jaipur):

Moong prices traded weak by Rs 100-200 to Rs 6,300-6,500/100Kg 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 as per quality against ongoing arrivals.

Arrivals of new Kharif Moong started at Gadag market of Karnataka. The arrived Moong has moisture content of 17-18%, a local trader said.

Meanwhile India’s 2020-21 Kharif moong sowing was up 33.47% as On July 22 At 25.96 Lakh Ha Vs 19.45 Lk Ha Last Year.

New kharif Moong crop is expected to arrive from next month in Maharashtra/Karnataka along with Rajasthan from September.

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

As on July 23, 2020, NAFED has successfully procured 4949.1 MT of Moong at Minimum Support Price of Rs 7,050.

Moong ( Prices In Rs / 100Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Jaipur Kharif 6300-6500 6500-6600 6500-6600 5800-6100
Veraval Summer Closed 6800-7200 NA NA
Harda Summer Closed Closed NA 5300-5860
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 25-Jul-20 18-Jul-20 11-Jul-20 25-Jul-19
Jaipur 7100-7200 7300-7400 7300-7400 7400-7500
Gulbarga Closed Closed 8600-8700 8000
Akola NA Closed NA 7300-7800


India Moong Sowing Progress As On July 22
State Normal Current Previous Change %
Andhra Pradesh 0.13 0.06 0.02 200
Gujarat 0.41 0.57 0.27 111.11
Karnataka 3.16 3.22 2.18 47.71
Madhya Pradesh 1.5 1.28 1.25 2.4
Maharashtra 3.5 3.64 2.42 50.41
Odisha 0.86 0.59 0.57 3.51
Rajasthan 12.18 15.08 11.22 34.4
Tamil Nadu 0.18 0.07 0.05 40
Telangana 1.09 0.43 0.43 0
Uttar Pradesh 0.45 0.48 0.61 -21.31
All India 23.82 25.96 19.45 33.47

Nafed Procured Moong As On 23 July,2020
State MT
Odisha 4848.55
Tamil Nadu 100.55
Total 4949.1

(By Commodities control Bureau; +91 9820130172)

       
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