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Weekly: Masoor Prices Firm This Week, Tur Weakens amid Dull Trade Activity

3 Aug 2020 9:58 am
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MUMBAI (Commodities control) – Imported Masoor and Urad traded firm for the week ended 1st August amid fresh mills buying activity at lower rates, While imported Tur was weak due to slack trade activity. On the other hand, Chana and Moong prices were almost unchanged on thin activity. 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.

Weekly Highlights

# India 2020-21 kharif crop sowing as on July 31 up at 882.18 lakh hectare as against 774.38 lakh hectare during the same period last year.
# India kharif pulses sowing as on July 31 was up 19.26% at 111.91 lakh hectare as against 93.84 lakh hectare during the same period last year.
# Monsoon 10% Deficient in July; Driest July in 5 Years.
# NCDEX has suspended current options on futures in guar gum, soyabean, refined soya oil and chana with the launch of ‘Option on Goods’.
# Hiring Charges of Agri Implements Jump on Rising Fuel Prices.
# Over 200 Rain-Deficient Districts in India; Kharif Crop at Risk.
# Deficient Rainfall in Parts of India; Rajasthan, M.P. Received 33-40% Less Rains in July.

Burma Lemon Tur:

Tur Lemon variety of Burma-origin, both old and new, declined Rs 100-150 to Rs 5,200/100Kg and Rs 5,400, respectively in Mumbai on slack millers’ participation despite lesser availability of imported Tur stock.

In forward trade, new Mozambique Tur 80-20 (White-80-Gajri-20) traded at Rs 5,100/100Kg for Aug-Sep shipment. Gajri variety (Tiger Skin) was quoted at Rs 5000/100Kg for July-August shipment and Arusha Tur at Rs 5,200 for Aug-Sept shipment.

On the other hand, domestic variety Tur traded firm Rs 25 to Rs 5,975-6,000/100Kg at benchmark market Akola on local and outstation mill purchase due to immediate requirement for crushing.

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

India 2020-21 Kharif Tur Sowing is Up 7.98 % as On July 31 at 40.05 Lakh Ha Vs 37.09 Last Year.

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.

Cheaper and average quality Tur dal is pressurising the prices and demand in the market.

As per market view, Tur prices are likely to get support due to slow pace of seasonal good quality arrivals. Active participation at the demand and sale counter of dals is expected in near future. 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 sentiments in Tur.

Kharif Tur Sowing Up 7.98 % As On July 29 Vs Last Yr (LAKH HA)
Karnataka 9.61 10.19
Maharashtra 11.96 10.54
Madhya Pradesh 3.88 3.65
Telangana 3.26 2.41
Uttar Pradesh 2.98 2.73
Gujarat 1.93 1.86
Jharkhand 2.17 2.38
Chhattisgarh 1.06 0.73
Total 40.05 37.09

Tur ( Prices In Rs /100Kg )
Market Variety 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Mumbai Lemon 5200-5400 5350-5500 5175-5375 5200
Akola Desi Bilty 5975-6000 5950-5975 Closed 5925-5950
Gulbarga Desi Closed Closed Closed NA
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Akola Phatka 8100-8300 8100-8300 Closed 8100-8300
Gulbarga Phatka Closed Closed Closed NA
Katni Phatka 8400-8500 8400-8500 8450-8550 8200-8300


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 up Rs 125-150 at Rs 5,950-6,000/100Kg. SQ variety also gained Rs 50 at Rs 6,550-6,575, respectively due to mill buying for immediate crushing requirement against limited ready stock..

However, thin offtake was witnessed in processed Urad.

As per Burma based local trader, direct vessel carrying 300-400 containers had departed from Yangon for India (Chennai) on 27th July.

Supreme Court has completed hearing On Pulses Import Restriction. As per sources, Judgement is reserved. Court has not fixed the date for judgement. Parties had filed brief written submission on 27th July, not exceeding five pages. Around 27,000-28,000 MT of Urad lies at Chennai and Mumbai port.

Kharif sowing is higher and new crops will likely arrive from September end in domestic markets.

India 2020-21 Kharif Urad Sowing Up 20.77 % as on July 29 at 33.38 Lakh Ha Vs 27.64 Lk Ha Last Year.

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.

Kharif Urad Sowing Up 20.77 % As On July 29 Vs Last Yr (LAKH HA)
Madhya Pradesh 15.25 11.83
Maharashtra 3.61 2.58
Karnataka 0.94 0.67
Rajasthan 3.18 4.46
Uttar Pradesh 6.31 5.35
Gujarat 0.79 0.63
Telangana 0.16 0.21
Total 33.38 27.64

Urad ( Prices In Rs / 100Kg )
Market Variety 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Mumbai FAQ FAQ 5950 5950 5950 4300
Chennai FAQ 5950-6000 5825-5850 5900-5925 4300-4325
Chennai SQ 6550-6575 6500-6525 6650-6675 5400-5425
Jalgaon Desi 5850-6500 6050-6550 6000-6600 4550-5200
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Mumbai 8000-8700 8100-8700 8200-8800 5750-5950


Chana Kantewala (Indore):

Chana prices were almost unchanged at Rs 4,200-4,225/100Kg in Indore on 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.

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.

As on July 29, 2020, NAFED has successfully procured 2143282.29 MT of Chana at Minimum Support Price of Rs 4,875.

As per market talk, current Chana prices are attractive for millers/traders due to cheaper pulses and reduced arrivals. Prices may get some support if Nafed does not liquidate procured stock at lower rates. Even consumption is likely to increase in coming days as festive period has begun and will continue till Diwali. Meanwhile, prices in spot markets are trading much below MSP of Rs 4,875.

Chana ( Prices In Rs / 100Kg )
Market Variety 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Mumbai Australia NA NA NA 4175
Tanzania 4100 4000 4051 NA
Burma NA NA NA 4150
Indore Katewala 4200-4225 4200-4225 4200-4225 4300
Delhi Rajasthan origin 4150-4175 4175 4175-4200 4350
Akola 4325-4350 4325-4350 Closed 4375-4400
Bikaner 4075 4100 4050 4200-4225
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Akola 5000-5500 5200-5600 Closed 5100-5700
Indore 5200-5600 5200-5600 5300-5700 NA
Jaipur 4825-4850 4825 4825-4850 5100
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Mumbai 3125 3125 3125 3150
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Indore 40-42 NA NA NA 6100
42-44 6500 6550 6600 5900
44-46 6300 6350 6400 5700
Dollar 5500-6000 5500-6000 5500-6000 NA
Mumbai Sudan NA NA NA 4200
Ethiopia NA NA NA 4175
Russia 4200 4100 4150 4075
Burma NA NA NA 4300

Imported Masoor (Mumbai):

Canada crimson variety and Australia origin Masoor moved higher by Rs 25-50 at Rs 5,275-5400/100Kg and Rs 5,475, respectively in Mumbai, amid mill buying at lower rates for immediate crushing requirement.

Moreover, fresh buying was witnessed as forward trade was settled for June-July month.

Similarly, Canada crimson variety Masoor at Hazira and Mundra port gained Rs 75-100 each at Rs 5,275-5,300/100Kg, respectively.

However, cheaper overseas supply of raw/processed Masoor and slow offtake in Masoor dal will limit the gains.

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

Another vessel M V PAOLO TOPIC carrying 53,700 tonnes of Canada Masoor is expected to arrive at Kandla port on 3rd August, 2020, according to a shipping agency.

Vessel M.V. RODOPI carrying approx, 19,500 MT Masoor from Canada is expected to arrive at Kandla on 5th August, 2020.

Vessel M.V. Lyra carrying approx, 55,000-58,000 MT Masoor from Canada is expected to arrive in India by mid- August.

One more vessel is expected to arrive in India, carrying Masoor from Canada before 31 August, 2020.

Masoor ( Prices In Rs / 100Kg )
Market Variety 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Mumbai Canada 5275-5400 5225-5351 5250-5350 3875-3975
Australia 5475 5451 5400 4075
Mundra Canada 5275-5300 5181-5200 5225 NA
Hajira Canada 5275-5300 5200 5225 NA
Kolkata Canada 5225-5400 5200-5350 5300-5400 4125
Australia 5500-5600 5500-5600 5500-5600 4225
Indore Desi 5300-5350 5325-5350 5350 NA
Raipur Desi Closed Closed 5450-5500 4400
Kanpur Desi Closed Closed 5750 4425
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Khopoli 6400 6500 6500 5200-5300
Katni NA NA NA 4925


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 moved higher by Rs 100 at Rs 5,350/100Kg at Kanpur market amid demand from local and outstation markets, for graded quality White Pea.
However, prices are unlikely to sustain at higher rates as millers prefer to stay with desi Chana/Kabuli Chana, due to easy availability.
Prices of White pea dal and besan ruled unchanged as demand and sales counter witnessed thin participation.

Supreme Court has completed hearing On Pulses Import Restriction. As per sources, Judgement is reserved. Court has not fixed the date for judgement. Parties had filed brief written submission on 27th July, not exceeding five pages.

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 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Mumbai Canada 6000 6000 6000 4951
Kolkata Canada NA NA NA 5200
Kanpur 5350 5250 5300 5200-5325
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Mumbai 3500 3500 3500 3050
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Mumbai 6500 6500 6500 5525


Moong (Jaipur):

Moong prices traded flat 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 almost steady as per quality against ongoing arrivals.

Arrivals of new Kharif Moong started at Jalna and Dhule market of Maharashtra and Gadag market of Karnataka. The arrived Moong has moisture content of 15-18%, a local trader said.

India’s 2020-21 Kharif Moong Sowing is up 37.41 %, as On July 31 at 29.57 Lakh Ha Vs 21.52 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 30, 2020, NAFED has successfully procured 6059.13 MT of Moong at Minimum Support Price of Rs 7,050.

As per Gadag-based local trader, around 40% of new Kharif Moong is expected to be of good quality and rest 60% may be average, due to untimely rains. Ample Rainfall was reported during the sowing period, but the crop received scanty rains at flowering stage. 60 percent Moong has turned yellowish/dagi/discolour. Meanwhile, non-stop rains during harvesting period may affect quality, as well.

New Kharif crop of Moong and Urad is expected to be of good quality due to timely rains at Bidar of Karnataka. Farmers will keep a close watch on monsoon rains during harvesting period. Harvest is likely to commence from 10th August and crop will arrive in market from mid of August.

Better Moong output was reported at other producing belts, such as Gulbarga, Raichur, and Yadgiri as well.

Kharif Moong Sowing Up 37.41 % As On July 29 Vs Last Yr (LAKH HA)
Karnataka 3.3 2.49
Maharashtra 3.71 2.85
Rajasthan 17.79 12
Madhya Pradesh 1.37 1.25
Gujarat 0.72 0.3
Telangana 0.47 0.54
Total 29.57 21.52

Moong ( Prices In Rs / 100Kg )
Market Variety 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Jaipur Kharif 6300-6500 6300-6500 6500-6600 5900-6200
Veraval Summer Closed Closed 6800-7200 NA
Harda Summer Closed Closed Closed NA
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 01-Aug-20 25-Jul-20 18-Jul-20 01-Aug-19
Jaipur 7100-7200 7100-7200 7300-7400 7300-7400
Gulbarga Closed Closed Closed NA
Akola NA NA Closed 7300-7800


(By Commodities control Bureau; +91 9820130172)

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