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
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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)
|