MUMBAI (Commodities control) – Major pulses, such as Tur, Urad, Chana, Kabuli Chickpea, Moong and White Pea extended rally for second straight week for the week ended 29th August amid improved mill buying activity. Masoor prices also traded firm on low level buying activity.
Moreover, demand and sale counters in processed pulses reported good participation from wholesale/retail counters, as the pipeline is empty.
Rains during the harvesting period of Moong and Urad, in producing centers, have damaged crop and quality, as well. This may, also, delay arrivals.
Meanwhile the Supreme Court Upholds DGFT’s Quantitative Restriction on Pulses Import; big jolt to importers. According to the Supreme court order, DGFT or union government has power to impose quantitative restrictions on imports and exports under section 9A of Foreign Trade (Development and Regulation) Act (FTDRA). Customs department can clear these imports under Customs Act, 1962 after imposing penalty up to five times the value of the consignment. Importers may also get the option to re-export the goods.
According to market sources, White Pea cargo stuck at Mumbai port is getting released by Customs with condition of paying penalty by importers had dampened the sentiments.
Weekly Highlights
# India’s Kharif sowing area increased 7.15 percent to 1082.22 lakh hectare till 28 August compared to 1009.98 lakh hectare of last year’s sown area during the same period.
# India kharif pulses sowing as on Aug 28 was up 4.6% at 134.57 lakh hectare as against 128.65 lakh hectare during the same period last year.
# Farmers in Many States are Attracted To Super Food Ragi, Acreage Increases 53 %.
# Monsoon Rains 24% above Average in August, Heavy Rains to Continue -IMD
|
India 2020-21 Kharif Pulses Sowing Up 4.6 % As On Aug 28, 2020
|
|
Commodity
|
Area Sown In Lakh Hectare 2020-2021
|
Area Sown In Lakh Hectare 2019-20
|
|
Tur
|
47.1
|
44.55
|
|
Urad
|
37.52
|
37.09
|
|
Moong
|
34.85
|
30.19
|
|
Other Pulses
|
14.93
|
16.73
|
|
Pulses
|
134.57
|
128.65
|
|
4th Advance Estimates Pulses (In Million Tons)
|
|
Commodity
|
Season
|
2019-20 (4th Est)
|
2019-20 (3rd Est)
|
2018-19
|
Target 2019-20
|
|
Tur
|
Kharif
|
3.83
|
3.75
|
3.32
|
4.6
|
|
Chana
|
Rabi
|
11.35
|
10.9
|
9.94
|
11.6
|
|
Masoor
|
Rabi
|
1.18
|
1.44
|
1.23
|
0
|
|
Urad
|
Kharif
|
1.3
|
1.72
|
2.36
|
2.9
|
|
Rabi
|
0.74
|
0.61
|
0.7
|
0.8
|
|
Urad Total
|
|
2.04
|
2.33
|
3.06
|
3.7
|
|
Moong
|
Kharif
|
1.79
|
1.78
|
1.78
|
1.6
|
|
Rabi
|
0.67
|
0.56
|
0.67
|
0.7
|
|
Moong Total
|
|
2.46
|
2.34
|
2.46
|
2.3
|
|
Other
|
Kharif
|
0.81
|
0.79
|
0.63
|
1
|
|
Rabi
|
1.50
|
1.45
|
1.45
|
3.1
|
|
Total
|
Kharif
|
7.72
|
8.05
|
8.09
|
10.1
|
|
Rabi
|
15.44
|
14.97
|
13.98
|
16.2
|
|
Total Pulses
|
|
23.15
|
23.01
|
22.08
|
26.3
|
Burma Lemon Tur:
Tur Lemon variety of Burma-origin, both old and new, extended gains for fourth straight week by Rs 250 to Rs 5,750-5,950/100Kg, respectively in Mumbai amid better mill buying activity and lower availability of imported Tur stock.
Similarly, domestic variety Tur traded higher by Rs 225 to Rs 6,450-6,475/100Kg at benchmark market Akola, on improved local and outstation mill purchase due to immediate requirement for crushing.
Meanwhile, millers were unable to procure good quality Tur for crushing due to reduced arrivals.
Good trade activity in Tur dal was witnessed from Wholesale/retail counters aiding tur prices.
Buyers are cautious and trading as per their needs,in anticipation that the Indian government would allot a quota licence of 4 lakh tonnes to millers in September 1st week. Having said so, even if the government gives a quota to millers/refineries, the process will take approximately 1 month time supply from overseas..
Government agency is selling old raw Tur to the mills for processing, packaging and supply of processed Tur under PDS. Tur stock with agencies was reported around 3.5 Lakh ton.
India 2020-21 Kharif Tur Sowing was Up 5.72 %, as on August 28, at 47.1 Lakh Ha Vs 44.55 Last Year.
Meanwhile according to the fourth advance production estimate, Tur production in 2019-20 is estimated at 3.83 million MT, which is 16.74 percent lower than production target of 4.6 million MT, while it is slightly higher compared with 2018-19 estimate of 3.32 million MT.
As per market view, tur prices may be underpinned due to negligible arrivals and lesser availability of imported Tur. Active participation at the demand and sale counter of dals is further expected. Supply from Mozambique is expected from September.
Damage to Moong crops during the harvesting period in major producing centers, due to rains, will support Tur prices.
|
Tur ( Prices In Rs /100Kg )
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|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Mumbai
|
Lemon
|
5750-5950
|
5500-5725
|
5400-5600
|
5100
|
|
Akola
|
Desi Bilty
|
6450-6475
|
6225-6250
|
6050-6100
|
5800-5825
|
|
Gulbarga
|
Desi
|
6200-6350
|
5900-6200
|
5900-6100
|
5800-5900
|
|
|
|
|
|
|
|
|
Tur Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Akola
|
Phatka
|
8600-8800
|
8200-8400
|
8200-8400
|
8000-8200
|
|
Gulbarga
|
Phatka
|
8500-8900
|
8100-8500
|
8000-8400
|
8000
|
|
Katni
|
Phatka
|
8900-9000
|
8700-8800
|
8500-8600
|
8100-8300
|
Burma Urad:
Burma Urad FAQ new variety traded higher for the third straight week by Rs 300 to Rs 6,500/100Kg, in Mumbai.
Similarly in Chennai, Burma Urad FAQ variety moved up Rs 300 at Rs 6,300-6,325/100Kg. Urad SQ variety also gained Rs 400 at Rs 7,300-7,325, due to improved mill buying for immediate crushing requirements along with fear of crop and quality damage due to recent rains in producing centers.
Good offtake in processed Urad supported the prices.
Arrivals of new Urad were witnessed in a few markets of Maharashtra, such as Ahmednagar, Barsi, Dudhani and Akkalkot with higher moisture content.
Cautious trade was witnessed in Urad as millers/traders are sidelined and waiting for Centre's notification regarding extension of import quota in Urad beyond 31st August. If the government gives extension, prices in Burma market will move higher and import parity would also be higher.
Government deadline for Urad Import Annual Quota Of 4 lakh MT ends 31st August, 2020.
India 2020-21 Kharif Urad Sowing is up 1.16 %, as On Aug 28, At 37.52 Lakh Ha Vs 37.09 Last Year.
Meanwhile, according to the fourth advance production estimate, Urad production in 2019-20 is estimated at 2.04 million MT, which is 45 percent lower than the production target of 3.7 million MT. It is also lower than the 2018-19 estimate of 3.06 million MT.
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Urad ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Mumbai FAQ
|
FAQ
|
6500
|
6200-6225
|
6150
|
4350
|
|
Chennai
|
FAQ
|
6300-6325
|
6025-6050
|
6000-6025
|
4625
|
|
Chennai
|
SQ
|
7300-7325
|
6875-6900
|
6800
|
5900
|
|
Jalgaon
|
Desi
|
NA
|
5900-7200
|
NA
|
4550-5225
|
|
|
|
|
|
|
|
|
Urad Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Mumbai
|
|
8300-9050
|
7900-8700
|
8000-8700
|
5850-6050
|
Chana Kantewala (Indore):
Chana prices gained for the fourth straight week by Rs 400 to Rs 4,900-4,925/100Kg in Indore following firm cues from futures and improved mill buying activity to meet their immediate requirement for crushing.
Moreover, trade volume was reported to be good in chana dal and besan. Even demand of White Pea,besan and dal has shifted to Chana/Kabuli Chana due to cheaper prices and easy availability.
At Kanpur market, domestic White pea traded higher at Rs 7,000/100Kg amid good activity and negligible imported stock.
Meanwhile, arrivals of seasonal domestic Chana are limited. Millers were facing difficulty in procuring good quality Chana for crushing. Hence, they are purchasing from Nafed. Nafed being active to liquidate stock at higher rates, but reject bids of lower rates. Chana stock with agencies was reported to be around 20.6 Lakh ton.
In Mumbai, Tanzania-origin Chana extended its rally by Rs 450 to Rs 4,950/100Kg, due to less stock.
Similarly, Russia and Sudan Kabuli Chana gained each Rs 450-500 at Rs 4,950/100Kg and Rs 5,150, respectively due to low stock.
In forward business, Sudan-origin Kabuli Chickpea priced at $625 per ton in containers on CFR basis for August-September for Nhava Sheva/Chennai/Kolkata.
Sudan-origin Kabuli Chickpea priced at $615 per ton in containers on CFR basis for September for Nhava Sheva/Chennai/Kolkata.
Tanzania-origin Chana quoted at $625 per ton in containers on CNF basis for August-September.
As per market talk, Chana prices may get further support as consumption is increased and festive season demand is jacking up price. Less ready stock and negligible overseas supplies of Kabuli Chickpea and White Pea may support Chana prices. However, supply of Chana/Kabuli Chickpea supply is expected in September end, but parity is higher.
Meanwhile, NAFED has indicated that the chana stocks procured so far will be sold through various government schemes announced (PMGKAY).
|
Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Mumbai
|
Australia
|
NA
|
NA
|
NA
|
4175
|
|
|
Tanzania
|
4950
|
4475
|
4400
|
NA
|
|
|
Burma
|
NA
|
NA
|
NA
|
4150
|
|
Indore
|
Katewala
|
4900-4925
|
4525-4550
|
4450-4475
|
4200-4225
|
|
Delhi
|
Rajasthan origin
|
5100
|
4625
|
4450
|
4300
|
|
Akola
|
|
5025-5050
|
4650-4700
|
4525-4250
|
4325-4350
|
|
Bikaner
|
|
4900
|
4350-4375
|
4250
|
4050
|
|
|
|
|
|
|
|
|
Chana Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Akola
|
|
5500-6000
|
5300-5800
|
5200-5600
|
4900-5500
|
|
Indore
|
|
5800-6200
|
5500-5800
|
5200-5600
|
NA
|
|
Jaipur
|
|
6000
|
5400-5425
|
5250-5275
|
5000
|
|
|
|
|
|
|
|
|
Chana Besan ( Prices In Rs / 50Kg )
|
|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Mumbai
|
|
3475
|
3325
|
3225
|
3120
|
|
|
|
|
|
|
|
|
Kabuli Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Indore
|
40-42
|
NA
|
NA
|
NA
|
5850
|
|
|
42-44
|
7600
|
6950
|
6850
|
5650
|
|
|
44-46
|
7400
|
6750
|
6650
|
5450
|
|
|
Dollar
|
6600-7200
|
6000-6500
|
5800-6200
|
5000-5600
|
|
Mumbai
|
Sudan
|
5150
|
4600
|
NA
|
4200
|
|
|
Ethiopia
|
NA
|
NA
|
NA
|
4150
|
|
|
Russia
|
4950
|
4500
|
4425-4450
|
4100
|
|
|
Burma
|
NA
|
NA
|
NA
|
4275
|
Imported Masoor (Mumbai):
Canada crimson variety and Australia-origin Masoor ruled firm by Rs 15-25 at Rs 5,271-5,350/100Kg and Rs 5400, respectively in Mumbai, amid selected mill buying at lower rates for immediate crushing requirement.
However, cheaper overseas supply of raw and processed Masoor and slower offtake in Masoor dal will limit the gains.
Similarly, Canada crimson variety Masoor at Hazira and Mundra port gained Rs 10 each at Rs 5,281/100Kg, respectively.
In forward business, Australia Nipper variety Masoor priced at $610 per ton in containers on CFR basis for Nhava Sheva/Chennai/Kolkata against August-September and $555 for November-December.
Australia Nugget variety Masoor was offered at $600 per ton, in container, on CFR basis for Nhava Sheva/Chennai/Kolkata against August-September and $555 for November-December.
Canada crimson variety Masoor was offered at $545 per ton in containers, on CFR basis, for Nhava Sheva, Chennai and Kolkata for September-October.
Green Masoor Laird No 2 was quoted at $630 per ton in a container, on CFR basis, for Nhava Sheva/Chennai/Kolkata.
Vessel M V PAOLO TOPIC carrying 57,400 tonnes of Canada Masoor, arrived at Mundra Port on 4th August, has started discharging its cargo.
Vessel M V RODOPI carrying 19,000 tonnes of Canada Masoor arrived at Kandla Port on 7th August and has started discharging its cargo.
Vessel M V SBI LYRA carrying 57,000 tonnes of Canada Masoor arrived at Kandla/Mundra port on 15th August, 2020. 27,000 MT will be discharged at Mundra and balance cargo at Kandla.
Vessel M.V. Fermita carrying 37,000 MT Masoor from Canada has arrived at Sagar/Kolkata.
As per market talk, cautious trade was witnessed in Masoor as millers/traders are sidelined and waiting for Centre's notification regarding import duty in Masoor beyond 31st August.
As per market sources, Masoor prices are likely to be under pressure, in a range of Rs 100-200/100Kg on cheap, overseas supplies, if the government extends lower duty imports beyond 31st August. Arrival of new crops will begin from September-October in Canada. Prices may be supported, if the government does not extend lower import duty beyond 31st August or else releases fixed quota of Masoor import in the backdrop of massive overseas supplies.
|
Masoor ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Mumbai
|
Canada
|
5271-5350
|
5251-5325
|
5261-5325
|
3850-4000
|
|
|
Australia
|
5400
|
5375
|
5350
|
4100
|
|
Mundra
|
Canada
|
5281
|
5271
|
5231-5241
|
NA
|
|
Hajira
|
Canada
|
5281
|
5271
|
5231-5241
|
NA
|
|
Kolkata
|
Canada
|
5300-5400
|
5350-5450
|
5200-5350
|
4000-4125
|
|
|
Australia
|
5500-5750
|
5500-5700
|
5475-5600
|
4175
|
|
Indore
|
Desi
|
5600-5650
|
5425-5450
|
5450-5475
|
4100
|
|
Raipur
|
Desi
|
NA
|
5675-5700
|
5600-5650
|
4250
|
|
Kanpur
|
Desi
|
5925
|
5825
|
5700
|
4300
|
|
|
|
|
|
|
|
|
Masoor Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Khopoli
|
|
6400
|
6400
|
6350
|
5200-5300
|
|
Katni
|
|
NA
|
6350-6550
|
6300-6525
|
4825-4850
|
Imported White Pea (Mumbai):
White Pea prices extended for the fifth straight week by Rs 1000 at Rs 7,000/100Kg at Kanpur market, amid better demand from local and outstation markets, for graded quality White Pea and negligible stock of imported White Pea.
Moreover, SC Upholds DGFT’s Quantitative Restriction On Pulse Import that turned out to be a big jolt to importers. Importers can clear the cargo from customs by paying a penalty up to five times of value of the consignment. Importers may also get the option to re-export the goods.
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.
Prices of White pea dal and besan ruled higher by Rs 150-200/100Kg on good activity. But, crushing of White Pea for making dal/besan by mills were less interesting due to unavailability of White Pea. Major mills stopped crushing activity in White Pea.
|
White Pea ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Mumbai
|
Canada
|
NA
|
6200
|
6000
|
5251
|
|
Kolkata
|
Canada
|
NA
|
NA
|
NA
|
5675
|
|
Kanpur
|
|
7000
|
6000
|
5900
|
5600
|
|
|
|
|
|
|
|
|
White Pea besan ( Prices In Rs / 50Kg )
|
|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Mumbai
|
|
3700
|
3550
|
3525
|
3200
|
|
|
|
|
|
|
|
|
White Pea Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Mumbai
|
|
6800
|
6600
|
6550
|
5900
|
Moong (Jaipur):
Moong prices traded higher for the third straight week by Rs 200 to Rs 7,400-7,500/100Kg in Jaipur market of Rajasthan, as per quality, amid better mill buying activity on immediate requirement for crushing and ongoing arrivals.
Meanwhile, demand and sale counters in processed Moong reported limited participation.
New kharif Moong traded mixed, as per quality, in Maharashtra and Karnataka amid limited mill buying against ongoing arrivals with higher moisture content due to rain. Buyers prefer to purchase Moong with less moisture.
Summer crop of Moong traded in the range, as per quality, at Rs 6,000-6,650/100Kg in Madhya Pradesh against ongoing arrivals.
Incessant rains led to floods in many areas during the harvest period, in Karnataka and Maharashtra. This has damaged the crop and quality of Moong. This may, also, delay arrivals.
India’s 2020-21 Kharif Moong Sowing is up 15.44 %, as on August 28, at 34 Lakh Ha Vs 29.8 Lk Ha Last Year.
Meanwhile according to the fourth advance production estimate, Moong production in 2019-20 is estimated at 2.46 million MT, which 6.96 percent higher than production target of 2.3 million MT.While, it is similar to the 2018-19 estimate of 2.46 million MT.
|
Moong ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Jaipur
|
Kharif
|
7400-7500
|
7200-7300
|
7100-7200
|
5900-6200
|
|
Harda
|
Summer
|
NA
|
4000-6710
|
4600-6520
|
5450-5925
|
|
|
|
|
|
|
|
|
Moong Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
29-Aug-20
|
21-Aug-20
|
14-Aug-20
|
29-Aug-19
|
|
Jaipur
|
|
8200-8300
|
8100-8200
|
7800-7900
|
7600
|
|
Gulbarga
|
|
8700-8800
|
8700-8800
|
8500-8600
|
7900
|
|
Akola
|
|
NA
|
NA
|
NA
|
7300-7800
|
(By Commodities control Bureau; +91 9820130172)
|
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