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Weekly: Most Pulses Gain, Barring Masoor

17 Aug 2020 8:48 am
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MUMBAI (Commodities control) – Major pulses, such as Tur, Urad, Chana, Kabuli Chickpea, Moong and White Pea moved higher for the week ended 14th August amid mill buying activity. Only, Masoor prices remained weak due to overseas supplies.

However, demand and sale counters in processed pulses reported limited participation. But, demand is expected to rise from wholesale/retail counters soon, as the economy comes out of the lockdown and the pipeline is empty.

Weekly Highlights

# India’s Kharif crops sowing area upped 8.54 percent than corresponding period last year. The total kharif crops have been sown on 1015.58 lakh hectare area against 935.70 lakh ha area during the corresponding period of last year.
# India kharif pulses sowing, as on Aug 14, was up 2.07% at 124.01 lakh hectare as against 121.5 lakh hectare during the same period last year.
# PM Modi Launches Financing Facility under Agriculture Infrastructure Fund.

India 2020-21 Kharif Pulses Sowing Up 2.07 % As On Aug 14, 2020
Commodity Area Sown In Lakh Hectare 2020-2021 Area Sown In Lakh Hectare 2019-20
Tur 43.63 42.32
Urad 35.62 33.74
Moong 32.92 29.03
Other Pulses 11.76 16.34
Pulses 124.01 121.5


Burma Lemon Tur:

Tur Lemon variety of Burma-origin, both old and new, extended gains for second straight week by Rs 100 to Rs 5,400/100Kg and Rs 5,600, respectively in Mumbai amid mill buying activity and lower availability of imported Tur stock.

Similarly, domestic variety Tur traded firm by Rs 25 to Rs 6,050-6,100/100Kg at benchmark market Akola, on selective local and outstation mill purchase due to immediate requirement for crushing.

However, demand and sale counter in Tur dal reported slow activity as demand is suffering due to closure of restaurants, small eatery joints, and big retail chains.

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

In Burma, Tur Lemon variety old and new gained this week on buying enquiry from India, one month after loading. But sellers were inactive and expected prices to rise more on hopes that Indian government would allot quota license soon to millers.

India 2020-21 Kharif Tur Sowing was Up 3.10 %, as On Aug 14, At 43.63 Lakh Ha Vs 42.32 Last Year.

As per market view, Tur prices may be underpinned due to slow pace of good quality arrivals and lesser availability of imported Tur. 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 the millers and refiners.

Bumper Kharif Moong crop and cheaper overseas supply of Masoor is likely to pressurize sentiments in Tur, which is a substitute for Moong and Masoor.

Tur ( Prices In Rs /100Kg )
Market Variety 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Mumbai Lemon 5400-5600 5300-5500 5200-5400 5350
Akola Desi Bilty 6050-6100 6025-6075 5975-6000 6025-6050
Gulbarga Desi 5900-6100 5800-6000 Closed 5800-6030
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Akola Phatka 8200-8400 8200-8400 8100-8300 8100-8300
Gulbarga Phatka 8000-8400 8000-8400 Closed 8100
Katni Phatka 8500-8600 8500-8600 8400-8500 8200-8400


Burma Urad:

Burma Urad FAQ new variety traded higher by Rs 200 to Rs 6,150/100Kg, in Mumbai.

Similarly in Chennai, Burma Urad FAQ variety rose Rs 100-125 at Rs 6,000-6,025/100Kg. Urad SQ variety also gained Rs 300 at Rs 6,800, due to better mill buying for immediate crushing requirement.

However, thin offtake was witnessed in processed Urad.

Arrivals of new Urad were witnessed in a few markets of Maharashtra, such as Ahmednagar, Barsi and Dudhani.

As per Burma based local trader, direct vessel for India (Chennai) is expected on 21st August. Approximately 600 containers of Urad are likely to be loaded in vessel against Urad Import Annual Quota of 4 lakh MT.

Around 100 containers of Urad SQ have been traded for India (Chennai). Urad SQ traded at $860 per metric ton on CNF basis. Moreover, buyers were interested in purchasing Urad FAQ at lower rates.

Meanwhile, 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 due to disparity.

Millers who received import quota licenses are surrendering their licenses to DGFT.

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 is up 5.57 %, As On Aug 14, At 35.62 Lakh Ha Vs 33.74 Last Year.

Urad ( Prices In Rs / 100Kg )
Market Variety 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Mumbai FAQ FAQ 6150 5950 5950 4575
Chennai FAQ 6000-6025 5900 5950-6000 4575-4600
Chennai SQ 6800 6500 6550-6575 5675-5700
Jalgaon Desi NA NA 5850-6500 4550-5100
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Mumbai 8000-8700 8000-8700 8000-8700 5900-6100


Chana Kantewala (Indore):

Chana prices gained, for second straight week, Rs 100 at Rs 4,450-4,475/100Kg in Indore due to improved mill buying at prevailing rates on immediate requirement for crushing.

However, some activity in chana dal and besan has been witnessed. But, overall volume is low as demand continues to suffer from closure of restaurants, small eatery joints, and big retail chains.

Meanwhile, reduced arrivals of seasonal domestic Chana have been witnessed. Millers were facing difficulty in getting good quality Chana for crushing.

The overall demand in spot markets is firm and is expected to increase in coming weeks as the economy comes out of the lockdown. The overall demand normally sees a spurt around this time of the year as festive season approaches.

But, sentiments continue to be under pressure due to Nafed’s liquidation and free distribution of grains every month under PM Garib Kalyan Anna Yojana till November end.

In Mumbai, Tanzania-origin Chana went up Rs 125 at Rs 4,400/100Kg due to less stock.

Similarly, Russia Kabuli Chana gained Rs 125-150 at Rs 4,425-4,450/100Kg due to low stock.

As per market talk, current chana prices are attractive for millers/traders due to cheaper pulses and reduced arrivals. Even consumption is likely to increase in coming days due to onset of festive period which will continue until Diwali. Meanwhile, prices in spot markets traded much below MSP of Rs 4,875. Zero import quotas of yellow peas, for the current fiscal, will support the prices.

Chana ( Prices In Rs / 100Kg )
Market Variety 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Mumbai Australia NA NA NA 4250
Tanzania 4400 4275 4100 NA
Burma NA NA NA 4200
Indore Katewala 4450-4475 4350-4375 4200-4225 4325-4350
Delhi Rajasthan origin 4450 4350 4150-4175 4425-4450
Akola 4525-4250 4450-4475 4325-4350 4525-4550
Bikaner 4250 4200 4075 4250
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Akola 5200-5600 5100-5600 5000-5500 5200-5800
Indore 5200-5600 5200-5600 5200-5600 NA
Jaipur 5250-5275 5125 4825-4850 5150
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Mumbai 3225 3181 3125 3120
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Indore 40-42 NA NA NA 6050
42-44 6850 6700 6500 5850
44-46 6650 6500 6300 5650
Dollar 5800-6200 5500-6000 5500-6000 5000-5400
Mumbai Sudan NA NA NA 4300
Ethiopia NA NA NA 4200
Russia 4425-4450 4325 4200 4100
Burma NA NA NA 4350


Imported Masoor (Mumbai):

Canada crimson variety and Australia origin Masoor widened losses by Rs 25-50 at Rs 5,261-5,325/100Kg and Rs 5,350, respectively in Mumbai, amid thin buying due to unattractive crushing margins.

Similarly, Canada crimson variety Masoor at Hazira and Mundra port fell Rs 10-20 each at Rs 5,231-5,341/100Kg, respectively.

Cheaper overseas supplies of raw and processed Masoor and thin demand in processed Masoor are keeping sentiments under pressure.

Canada Masoor dal trading in the range of Rs 6,000-6,100/100Kg has dampened the sentiments.

Vessel M V PAOLO TOPIC carrying 57,400 tonnes of Canada Masoor arrived at Mundra Port on 4th Aug and is discharging its cargo.

Vessel M V RODOPI carrying 19,000 tonnes of Canada Masoor arrived at Kandla Port on 7th August and is discharging its cargo.

Vessel M V SBI LYRA carrying 57,000 tonnes of Canada Masoor is arrived at Kandla/Mundra port on 13th August, 2020.

Vessel M.V. Fermita carrying approx. 37,000 MT Masoor from Canada is anchorage in Kolkata on 14 August.

As per market sources, Masoor prices are likely to be under pressure, ranging up/down by Rs 100-200/100Kg on cheap, overseas supplies, If government extends lower duty imports beyond 31st August. Arrivals of new crop will begin from September-October in Canada.

Masoor ( Prices In Rs / 100Kg )
Market Variety 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Mumbai Canada 5261-5325 5271-5350 5275-5400 3925-4150
Australia 5350 5425 5475 4250
Mundra Canada 5231-5241 5251 5275-5300 NA
Hajira Canada 5231-5241 5251 5275-5300 NA
Kolkata Canada 5200-5350 5225-5375 5225-5400 4200
Australia 5475-5600 5500-5600 5500-5600 4300
Indore Desi 5450-5475 5400-5450 5300-5350 4150-4200
Raipur Desi 5600-5650 5600 Closed 4350-4375
Kanpur Desi 5700 5700 Closed 4450
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Khopoli 6350 6350 6400 5200-5300
Katni 6300-6525 NA NA 4950


Imported White Pea (Mumbai):

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

On the other hand, White Pea prices extended rise for third straight week by Rs 100 at Rs 5,900/100Kg at Kanpur market, amid demand from local and outstation markets, for graded quality White Pea.

Prices of White pea dal and besan ruled firm on some activity.

Orai origin branded sortex White Pea traded at Rs 7,200-7,500/100Kg at Mumbai APMC market. Buyers from various origins were active in purchasing domestic White Pea from Mahoba/Lalitpur market. However arrivals of average quality of White Pea were reported in Lalitpur.

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 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Mumbai Canada 6000 6000 6000 5185-5200
Kolkata Canada NA NA NA 5375
Kanpur 5900 5800 5350 5650
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Mumbai 3525 3500 3500 3200
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Mumbai 6550 6500 6500 5850


Moong (Jaipur):

Moong prices traded higher to Rs 7,100-7,200/100Kg in Jaipur market of Rajasthan, as per quality, amid mill buying activity on immediate requirement for crushing and ongoing arrivals.

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

Similarly, summer crop was Moong firm, as per quality, at Rs 6,200-6,600/100Kg in Madhya Pradesh against ongoing arrivals.

On other hand, New Kharif Moong traded weak in the range of Rs 6,500-7,500/100Kg at Karnataka and Maharashtra due to quality carrying higher moisture content and increased arrivals.

Currently moisture percent reported is between 15-22%. Buyers prefer to purchase Moong with 10-12% less moisture.

Moong demand in northern markets of Delhi, Bihar and Uttar Pradesh was slack. In these markets, supplies stocked in godowns are enough to offset current requirements.
Rains during harvesting period in Karnataka and Maharashtra may damage crop and quality of Moong. Damaged quality may pull down the Moong prices.

Arrivals pace of new kharif Moong is likely to increase from mid-August in Maharashtra/Karnataka along with Rajasthan from September/October.

Recent rains in Rajasthan are beneficial for Kharif Moong crop.

India’s 2020-21 Kharif Moong Sowing is up 13.41 %, as On August 14, at 32.92 Lakh Ha Vs 29.03 Lk Ha Last Year.

Moong ( Prices In Rs / 100Kg )
Market Variety 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Jaipur Kharif 7100-7200 6500-6700 6300-6500 5900-6300
Harda Summer 4600-6520 Closed Closed 5350-5925
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 14-Aug-20 08-Aug-20 01-Aug-20 14-Aug-19
Jaipur 7800-7900 7400-7500 7100-7200 7400-7500
Gulbarga 8500-8600 8400-8500 Closed 8000
Akola NA NA NA 7300-7800


Canada Green Pea (Mumbai):

Canada-origin Green pea was traded in the range of Rs 13,000-13,500/100Kg in Mumbai.

(By Commodities control Bureau; +91 9820130172)


       
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