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Weekly: Most Pulses Plunge This Week, Chana-Rajma Gains

7 Sep 2020 10:15 am
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MUMBAI (Commodities control) – Tur, Urad, Moong and White Pea slipped for the week ended 5th September amid cautious buying at higher rates, while Chana Masoor and Rajma prices moved higher on buying activity.

Demand and sale counters in processed pulses reported thin participation from wholesale/retail counters this week. Weather has been favourable as well for kharif crop harvesting. Moisture content has reduced in new kharif crop arrivals, such as Urad and Moong.

Weekly Highlights

# Kharif sowing area reached 1095.38 lakh hectares, 65.07 lakh hectares (6.32 percent) higher than acreage of 1030.32 lakh hectare for the same period last season. Normal area for same period is 1067.73 lakh hectares.
# India kharif pulses sowing as on Sep 4 was up 4.68% at 136.79 lakh hectares as against 130.68 lakh hectare during the same period last year.
# MP Traders on Strike against Agro Ordinance; Demand to Cut Mandi Tax.
# NCDEX Imposes 20% Special Margin on Short-Side of Chana Futures; Applicable on Writer of Chana Call Options.
# Provisions Relaxed For Myanmar’s Urad Consignments, 4 Fold Duty to Be Imposed.
# Release of Imported Peas stuck On Port; DGFT says it’s Contrary To Policy.
# Deadline for Urad Quota, Cheaper Masoor Import Ends.
# Statistics Canada expects this year's Masoor harvest to jump 22% from 2.294 to 2.805 million metric tons (MT).
# Canada Red Masoor exports reached 174,848 MT during the August, down 14% from the 203,748 MT shipped the July. Shipments so far total 1,755,771 MT, versus 1,234,718 in the same period the last marketing year. India was top buyer, buying 95,747 MT in the month. Turkey was the second most important consumer buying 30,900 MT, followed by United Arab Emirates at 20,438 MT.
# Australia Masoor exports reached 57,148 MT for the Aug month, down 4% from the 59,424 MT exported the July. Movement so far total 584,532 MT, compared to 251,728 in the same period the previous marketing year. India was the largest buyer, taking 33,483 MT. Bangladesh was the second most important buyer taking 13,926 MT, followed by Sri Lanka at 6,131 MT.
# Canada Green Masoor total export sales throughout the July amounted to 57,099 MT, down 7% from June month's total of 61,148. So far export sales have reached 484,484 MT, up from 454,644 in the same period the previous marketing year. India was the biggest buyer; receiving 11,558 MT. Chile was the second most important buyer buying 8,232 MT, followed by Colombia at 6,387 MT.

India 2020-21 Kharif Pulses Sowing Up 4.68 % As On Sep 4, 2020
Commodity Area Sown In Lakh Hectare 2020-2021 Area Sown In Lakh Hectare 2019-20
Tur 47.73 44.89
Urad 37.92 37.57
Moong 35.54 30.53
Other Pulses 15.35 17.39
Pulses 136.79 130.68

Burma Lemon Tur:

Tur Lemon variety of Burma-origin, both old and new, fell Rs 50 at Rs 5,700-5,900/100Kg, respectively in Mumbai amid cautious mill buying activity despite lower availability of imported Tur stock.

In Mumbai, Mozambique Tur new Gajri/White variety traded at Rs 5,650/100Kg and Red variety at Rs 5,200 against September-end shipment condition.

In forward trade, Mozambique Tur new traded at $700-$705 per ton against September end shipment.

Supply of new Mozambique Tur is likely to arrive around 4,000-5,000 tons by September end, along with Red variety Mozambique tur- approx. 3,000 tonnes and Gajri/white variety.

In Mumbai, Mozambique-origin old Tur phatka variety traded at Rs 8,200/100Kg and Sava No variety at Rs 8,000.

Buyers are cautious and trading as per their needs on expectations that Indian Government may allot quota license of 4 lakh tons Tur to millers in September. Having said so, even if the government gives quota to millers/refineries, the process will take about a month.

Similarly, domestic variety Tur traded weak by Rs 25 to Rs 6,425-6,450/100Kg at benchmark market Akola, on thin local and outstation mill purchase as slow trade activity in Tur dal was witnessed at Wholesale/retail counters.

Small traders and stockiest were active in liquidating their domestic Tur stock in the markets as they have to purchase new Moong.

Tur ( Prices In Rs /100Kg )
Market Variety 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Mumbai Lemon 5700-5900 5750-5950 5500-5725 4925
Akola Desi Bilty 6425-6450 6450-6475 6225-6250 5675-5700
Gulbarga Desi 6300-6400 6200-6350 5900-6200 5800
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Akola Phatka 8500-8700 8600-8800 8200-8400 7800-8000
Gulbarga Phatka 8500-8900 8500-8900 8100-8500 7800
Katni Phatka 8800-8900 8900-9000 8700-8800 7800-8000


Kharif Tur Sowing Up 6.33 % As On Sep 2 Vs Last Yr (LAKH HA)
Karnataka 12.74 11.68
Maharashtra 12.33 12.06
Madhya Pradesh 4.11 4.89
Telangana 4.19 2.78
Uttar Pradesh 3.52 3.51
Gujarat 2.25 2.08
Jharkhand 2.49 2.38
Chhattisgarh 1.39 0.98
Total 47.73 44.89


Burma Urad:

Price of Burma Urad FAQ new variety lowered Rs 200 to Rs 6,300/100Kg, in Mumbai.

Similarly in Chennai, Burma Urad FAQ/SQ varieties declined Rs 100-125 at Rs 6,200-6,225/100Kg and Rs 7,200-7,250 respectively, due to slack trade, as offtake in processed Urad was reported to be thin.

Moreover, weather has been favourable as well as harvesting of new kharif crop is undergoing in major producing centers.

Arrivals pace of new domestic Urad has also increased at selected markets of Maharashtra. South Indian millers were active at purchasing good quality new Urad with lesser moisture content from Maharashtra.

As per market talk, Urad prices will be supported amid fear of crop and quality damage along with end of deadline of the allocated quota for import of 4 lakh tons of urad for 2020-21.

Urad ( Prices In Rs / 100Kg )
Market Variety 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Mumbai FAQ FAQ 6300 6500 6200-6225 4325
Chennai FAQ 6200-6225 6300-6325 6025-6050 4625-4650
Chennai SQ 7200-7250 7300-7325 6875-6900 5950
Jalgaon Desi 6500-6950 NA 5900-7200 4550-5200
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Mumbai 8300-9050 8300-9050 7900-8700 6050


Kharif Urad Sowing Up 0.93 % As On Sep 2 Vs Last Yr (LAKH HA)
Madhya Pradesh 16 16.5
Maharashtra 3.81 2.88
Karnataka 1.09 0.69
Rajasthan 3.77 4.57
Uttar Pradesh 6.87 7.02
Gujarat 1 0.87
Telangana 0.18 0.23
Total 37.92 37.57


Chana Kantewala (Indore):

Chana prices gained for the fifth straight week by Rs 25 to Rs 4,925-4,950/100Kg in Indore amid mill buying activity to meet their immediate requirement for crushing.
However, slow demand in chana dal and besan was witnessed at the consumption centers.

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 is active at liquidating stock at higher rates, but rejected bids of lower rates.

In Mumbai, Tanzania-origin Chana traded higher by Rs 100 at Rs 5,050/100Kg due to less ready stock.

Russia-origin Kabuli Chana gained by Rs 100-150 at Rs 5,050-5,100/100Kg, while Sudan-origin Kabuli Chickpea was priced unchanged at Rs 5,150-5,200.

Russia-origin Kabuli Chickpea is priced at $450 per ton in containers for September end shipment. However, crop is reported to be lower by 30-40%.

Sudan-origin Kabuli Chickpea priced at $650-$660 per ton in containers for September-end shipment. However, no sellers were active.

US-origin 9MM was priced at $815 per ton for Dec-Jan shipment and 825 per ton for Nov-Dec.

US-origin 8MM was priced at $690 per ton for Oct-Nov shipment.

Tanzania-origin Chana was quoted at $660 per ton in containers on CNF basis for September end shipment.

Buyers from Pakistan and Bangladesh have been active in purchasing Chana-Kabuli Chickpea from Sudan, Russia and Tanzania.

As per market talk, Chana prices will likely be underpinned at lower rates as consumption will likely continue amid festive season. Lesser 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 by 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 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Mumbai Australia NA NA NA 4150
Tanzania 5050 4950 4475 NA
Burma NA NA NA 4100
Indore Katewala 4925-4950 4900-4925 4525-4550 4100
Delhi Rajasthan origin 5115-5125 5100 4625 4150
Akola 5075-5100 5025-5050 4650-4700 4250-4275
Bikaner 4900 4900 4350-4375 4000
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Akola 5500-6000 5500-6000 5300-5800 4800-5500
Indore 5900-6300 5800-6200 5500-5800 NA
Jaipur 6025-6050 6000 5400-5425 5000
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Mumbai 3475 3475 3325 NA
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Indore 40-42 NA NA NA 5750
42-44 7500 7600 6950 5550
44-46 7300 7400 6750 5350
Dollar NA 6600-7200 6000-6500 5000-5300
Mumbai Sudan 5150-5200 5150 4600 4150
Ethiopia NA NA NA 4100
Russia 5050-5100 4950 4500 4050
Burma NA NA NA 4200


Imported Masoor (Mumbai):

Discontinuation of 10% discount on import duty in Masoor pushed up Canada crimson variety and Australia-origin Masoor in Mumbai, by Rs 50-75 at Rs 5,300-5,400/100Kg and Rs 5475, respectively in Mumbai, amid selected mill buying at lower rates for immediate crushing requirement.

However, availability of imported raw and processed Masoor stock at cheaper rates and slow offtake in processed Masoor will limit gains.

Similarly, Canada crimson variety Masoor at Hazira and Mundra port gained Rs 20 each at Rs 5,300/100Kg, respectively.

Vessel M V PAOLO TOPIC carrying 57,400 tonnes of Canada Masoor, arrived at Mundra Port on 4th August; 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.

Masoor ( Prices In Rs / 100Kg )
Market Variety 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Mumbai Canada 5300-5400 5271-5350 5251-5325 3825-3950
Australia 5475 5400 5375 4050
Mundra Canada 5300 5281 5271 NA
Hajira Canada 5300 5281 5271 NA
Kolkata Canada 5350-5400 5300-5400 5350-5450 4000-4100
Australia 5600-5800 5500-5750 5500-5700 4150
Indore Desi 5600-5650 5600-5650 5425-5450 4000
Raipur Desi NA NA 5675-5700 4200
Kanpur Desi 6000 5925 5825 4275
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Khopoli 6400 6400 6400 NA
Katni NA NA 6350-6550 4800


Imported White Pea (Mumbai):

White Pea prices slipped by Rs 500 at Rs 6,500/100Kg at Kanpur market on slack trade at higher rate. Earlier this week, consignments of White Pea lying at Mumbai port were released with penalty. However DGFT has objected to it, asking Customs department to not release the imported pulse, as such release will be contradictory to the government’s existing policy. 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.

White Pea ( Prices In Rs / 100Kg )
Market Variety 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Mumbai Canada NA NA 6200 5150
Kolkata Canada NA NA NA 5600
Kanpur 6500 7000 6000 5600
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Mumbai 3700 3700 3550 NA
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Mumbai 6800 6800 6600 NA

Moong (Jaipur):

Moong prices declined sharply by Rs 6,700-6,800/100Kg in Jaipur market of Rajasthan, as per quality, amid thin mill buying as demand and sale counters in processed Moong reported limited participation.

Moreover, weather has been favourable as well as harvesting of new kharif crop is underway in major producing centers, such as Maharashtra, Karnataka and Telangana.

However, moisture content continues to be reported at around 14-17 percent in new moong.

Excess rains during the growth stage and during the harvest period, in Karnataka and Maharashtra, has damaged around 50-60% of crop and affected the quality of Moong too. Moreover, crop of Moong in Vidarbha region of Eastern Maharashtra has been affected due to attacks by sucking pests and plant viruses.

In Delhi, Ranchi, Madhya Pradesh and Uttar Pradesh-origin Moong were priced unchanged, as per quality, on limited mill buying, ample stocks in godown around 3-4 Lakh tons and regular supply from various origins.
Moong ( Prices In Rs / 100Kg )
Market Variety 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Jaipur Kharif 6700-6800 7400-7500 7200-7300 5900-6200
Harda Summer NA NA 4000-6710 5350-5750
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 05-Sep-20 29-Aug-20 21-Aug-20 05-Sep-19
Jaipur 7600-7700 8200-8300 8100-8200 7200-7300
Gulbarga 8400-8500 8700-8800 8700-8800 8000
Akola NA NA NA 7300-7800

Kharif Moong Sowing Up 16.41 % As On Sep 2 Vs Last Yr (LAKH HA)
Karnataka 4.4 2.67
Maharashtra 3.9 3.24
Rajasthan 20.9 18.26
Madhya Pradesh 1.57 1.79
Gujarat 0.94 0.86
Telangana 0.61 0.62
Total 35.54 30.53


Imported Rajma (Delhi)

China-origin Rajma gained by Rs 500 to Rs 9,800/100Kg in Delhi on improved local trade as negligible supplies from China were witnessed due to border issue. Moreover, domestic crop and its quality is reportedly damaged in Satara (Maharashtra), supporting the prices. This may, also, delay arrivals.

(By Commodities control Bureau; +91 9820130172)

       
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