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Weekly: Pulses Rise on Crop Damage Report, Hike In MSP

28 Sep 2020 9:48 am
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MUMBAI (Commodities control) – Major pulses, such as Tur, Urad, Chana, Kabuli Chickpea, Masoor, Moong and White Pea moved higher for the week ended 26th September amid improved mill buying activity.

Kharif pulses also moved higher because of damage to the standing crop on account of continuous rains, fresh hike in the MSP by the government, despite the reports of higher kharif output in the country this year and record production estimates.

One of the major reasons for the prices going northwards is the delay in issuance of import license and in liquidation of Nafed's stock of pulses purchased last year from the farmers.

Industry has demanded that government agency NAFED should release its stock to ease supplies.

Weekly Highlights

# India’s Kharif sowing area inched up to 1116.88 lakh hectare till now. Total Kharif area was 4.77 percent (50.83 lakh hectare) higher than last kharif season’s acreage. Around 1066 lakh hectare acreage was recorded for the corresponding period of last year.
# India kharif pulses sowing as on Sep 25 was up 4.05% at 139.36 lakh hectare as against 133.94 lakh hectare during the same period last year.
# 1st Adv Est:Total kharif pulses production during 2020-21 is estimated at 9.31 million tonnes. It is higher by 1.59 million tonnes than pulses production of 7.72 million tonnes in 2019-20 (fourth advance estimate).
# Yellow Mozaic Damages Moong in Rajasthan; Prices Head Northward.
# Parliament passed a bill to remove cereals, pulses, oilseeds, edible oils, onion and potatoes from the list of essential commodities.
# Gujarat Announces ₹3,700-Crore Relief Package for Kharif Crop Loss.
# Cabinet Approves MSP for MY 2021-22 Rabi Crops; Upto Rs 300 Rise for Pulses.
# Agri Minister - National Rabi Conference for Aatmanirbhar Kheti; Focus on Pulses, Mustard This Rabi.
# BNP Paribas to Halt Commodity Trade Financing from Geneva.
# Commodity Exchanges Post Three-Fold Rise in Turnover.

India 2020-21 Kharif Pulses Sowing Up 4.05 % As On Sep 25, 2020
Commodity Area Sown In Lakh Hectare 2020-2021 Area Sown In Lakh Hectare 2019-20
Tur 48.49 45.88
Urad 38.96 38.52
Moong 35.84 31.01
Other Pulses 15.69 17.85
Pulses 139.36 133.94

1st Advance Estimates Kharif Pulses (In Million Tons)
Commodity Season 2020-21 (1st Est) 2019-20 (4th Est) Target 2020-21
Tur Kharif 4.04 3.83 4.82
Urad Kharif 2.15 1.3 2.9
Moong Kharif 2.09 1.79 1.88
Other Kharif 1.03 0.81 1
Total Pulses Kharif 9.31 7.72 10.6


Burma Lemon Tur:

Tur Lemon variety of Burma-origin, both old and new, extended rally by Rs 450 to Rs 6,400-6,600/100Kg, respectively in Mumbai due to fear of crop damage and delay in new crop arrivals in Karnataka and Maharashtra amid rains.

Arrivals of new Tur crop in Karnataka is expected to begin from December, instead of November-end due to rains.

Similarly, domestic variety Tur traded higher by Rs 450-500 to Rs 7,325-7,350/100Kg at benchmark market Akola, on improved local and outstation mill purchase due to immediate requirement for crushing.

Good trade activity in Tur dal was witnessed from Wholesale/retail counters aiding tur prices.

India 2020-21 Kharif Tur Sowing was Up 5.69 %, as on September 25, at 48.49 Lakh Ha Vs 45.88 Last Year.

Myanmar announced a stay-at-home order from 21st September onwards till 7th October, 2020 after daily increase in new cases of Covid-19, traders said. But, it will not affect loading/unloading cargo at port. However, clearance will be slow.

Meanwhile unconfirmed news has been making rounds in the market, that government will allocate quota to millers/refineries soon amid shortage of Tur.

If the government allocates quota, prices in Burma market will move higher. In that case, import parity would also be higher. Tur stock was reported to be around 1 Lakh tons approximately.

There is lesser availability of tur in the world markets, as international farmers have shifted away from tur to other crops after an increase in India's domestic tur production

FCI will commence the auction of old procured Tur 2018-19 around 10,197 MT in Karnataka from Monday through NeML.

As per market view, some profit booking is likely to witness at higher rates due to 1.5-2 Lakh tons of tur supplies are expected from Mozambique. Tur prices will be under check, if government allocates quota to millers as supply likely from Burma and African countries.

However, it is expected that till the new crop comes, the inventory will remain tight as the excess inventory of the past 3-4 years held by trade and government has dried up.

Tur ( Prices In Rs /100Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Mumbai Lemon 6400-6600 5950-6150 5700-5900 4900
Akola Desi Bilty 7300-7325 6825-6850 6425-6450 5725-5750
Gulbarga Desi 7000-7300 6600-6900 6100-6350 5500-5600
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Akola Phatka 9800-10000 9100-9300 8600-8800 7800-8000
Gulbarga Phatka 9800-10200 9200-9600 8600-9000 7700-7800
Katni Phatka 9900-10000 9200-9300 8800-8900 8100-8200


Burma Urad:

Price of Burma Urad FAQ new variety gained for third straight week by Rs 700 to Rs 7,500/100Kg, in Mumbai.

Similarly in Chennai, Burma Urad FAQ/SQ varieties also moved up to Rs 900-1000 at Rs 7,625-7,650/100Kg and Rs 8,825-8,850 respectively, due to rains in producing areas, better mill buying activity against limited ready stock and no supply pressure from overseas.

Moreover, around 50% damage to the standing crop on account of continuous rains has affected yield and quality of Urad. Additionally Urad prices were supported by fresh hike in the MSP by the government, despite report of higher kharif output in the country this year and record production estimates.
Meanwhile, good offtake was witnessed in processed Urad.

However, cautious trade was reported in Urad at higher rates as news is making rounds in market, that government will allocate quota to millers/refineries soon due to shortage of Urad.

If the government allocates quota or gives further extension, prices in Burma market will move higher and import parity would also be higher, in that case. Urad stock in Burma was reported to be around 2.5-3 Lakh tons approximately.

Moreover, FCI will commence the auction of 3585 MT of old procured Urad stock in Maharashtra and 451 MT in Andhra Pradesh from Monday through NeML.

India 2020-21 Kharif Urad Sowing is up 1.14 %, as On September 25, At 38.96 Lakh Ha Vs 38.52 Last Year.

Urad ( Prices In Rs / 100Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Mumbai FAQ FAQ 7500 6800-6850 6650 5000
Chennai FAQ 7625-7650 6700 6600 5300
Chennai SQ 8825-8850 7700-7800 7750 6500
Jalgaon Desi NA NA 6400-6750 5000-5800
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Mumbai 10000-10400 8400-9150 8150-8950 6100-6300


Chana Kantewala (Indore):

Chana prices moved higher by Rs 300 to Rs 5,350-5,400/100Kg in Indore following firm cues from futures. Millers were facing difficulty in procuring good quality supplies for crushing amid declining stocks with NAFED.

Meanwhile, good demand in chana dal and besan from consumption centres continues to support the pulse price.

Cabinet Approved MSP hike of Rs 225, for Rabi chana, at Rs 5,100/100Kg for MY 2021-22.

Meanwhile, NAFED has been active at liquidating stocks at higher rate and rejected bids of lower rates.

Chana, currently, appears to be in speculators’ grip that is pushing up chana prices on the futures, in apprehension of declining government stock.

Similarly in Mumbai, Tanzania-origin Chana traded higher by Rs 350-400 at Rs 5,350-5,400/100Kg.

Sudan and Russia-origin Kabuli Chickpea was also up Rs 250-300 at Rs 5,450-5,500 and Rs 5,400-5,450, respectively.

Supplies of Russia-origin Kabuli Chickpea are expected from mid-October. However, crop is reported to be lower by 30-40%.

As per market talk, Chana prices are likely be underpinned as consumption may continue amid festive season. Negligible overseas supplies of White Pea will likely support Chana prices further. However supply of Kabuli Chickpea has been witnessed, but parity is higher.

Demand of seeds for sowing is expected to rise as rabi sowing begins from October.

Chana ( Prices In Rs / 100Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Mumbai Australia NA NA NA 4300
Tanzania 5350-5400 5000 5050-5075 NA
Burma NA NA NA 4200
Indore Katewala 5350-5400 5075-5100 5050 4300-4325
Delhi Rajasthan origin 5450-5475 5150 5275 4450
Akola 5525-5550 5100-5125 5200-5225 4500-4525
Bikaner 5250 5000 5050 4250
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Akola 6300-6900 6100-6500 5800-6200 5200-5800
Indore 6200-6500 6100-6400 6000-6200 NA
Jaipur 6300-6325 6050-6075 6175-6200 5350
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Mumbai 3750 3550 3500 2990
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Indore 40-42 NA NA NA 5750
42-44 7650 7500 7600 5550
44-46 7500 7300 7400 5350
Dollar 6800-7100 6500-7200 6500-7000 5000-5300
Mumbai Sudan 5450-5500 5200-5250 5300 4300
Ethiopia NA NA NA 4200
Russia 5400-5450 5150 5150 4225
Burma NA NA NA 4375


Imported Masoor (Mumbai):

Canada crimson variety and Australia-origin Masoor in Mumbai gained Rs 100 at Rs 5,350-5,450/100Kg and Rs 5,525, respectively in Mumbai, amid mill buying on immediate requirement for crushing, following firm trend in other pulses.

However, availability of imported raw and processed Masoor stock at cheaper rates, limited offtake in processed Masoor and reduced import duty by 20 per cent will limit the gains.

Similarly, Canada crimson variety Masoor at Hazira and Mundra port also moved up Rs 75-100 each, at Rs 5,351/100Kg and Rs 5,331-5,341, respectively.

Cabinet Approves MSP hike, for Rabi Masoor, of Rs 300 to Rs 5,100/100Kg for MY 2021-22.

As per market talk, Masoor prices are likely to get some support at prevailing rates due to cheaper rates compare to other pulses.

Demand of seeds for sowing is also expected as rabi sowing will be began from October.

Masoor ( Prices In Rs / 100Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Mumbai Canada 5350-5450 5261-5350 5350-5450 3925-4050
Australia 5525 5400-5425 5550 4150
Mundra Canada 5331-5341 5241-5251 5351 NA
Hajira Canada 5351 5241-5251 5351 NA
Kolkata Canada 5375-5450 5300-5350 5400-5450 4100-4200
Australia 5550-5750 5500-5700 5600-5800 4300
Indore Desi 5600-5650 5500-5550 5600-5650 4150
Raipur Desi NA NA 5600-5650 4300-4325
Kanpur Desi 6000 5850 5925 4400
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Khopoli 6400 6350 6400 5100-5200
Katni NA NA NA 4900


Imported White Pea (Mumbai):

White Pea prices gained Rs 100 to Rs 6,450/100Kg at Kanpur market on fresh demand from local and outstation markets, for graded quality White Pea.

Similarly, price of White pea besan and dal traded firm due to shortage. Having said so, crushing of White Pea for making dal, besan by mills were less interesting due to unavailability of White Pea. Major Mills have halted the crushing activity in White Pea.

Customs department has not released the imported pulse, as the release will be contradicting the government’s existing policy.

White Pea ( Prices In Rs / 100Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Mumbai Canada NA NA NA 5051
Kolkata Canada NA NA NA 5100
Kanpur 6450 6350 6500 5400
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Mumbai 3750 3700 3650 3200
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Mumbai 7000 7000 6700 5800


Moong (Jaipur):

Moong old prices rose sharply at Rs 7,700-7,800/100Kg in Jaipur market of Rajasthan, as per quality, amid mill buying on immediate requirement for crushing.

New Kharif Moong also moved higher, as per quality at many producing centers, such as Maharashtra, Karnataka, Telangana, Gujarat and Rajasthan due to mill buying.

Yield and quality of new Moong was affected due to rain. Moisture content was noted to be higher in new Moong arrivals.

Moong prices are supported due to damage to the standing crop because of continuous rains, fresh hike in the MSP by the government. Moong has totally ignored the reports of higher kharif output in the country this year and record production estimates.

Around 35-37% of new Moong is suspected to be damaged in belts of Rajasthan, such as Nagaur, Pali, Jalore, Jodhpur, Sikar and Barmer, due to yellow Mozaic disease. Earlier crop was attacked by locusts.

Buyers are interested in good quality supplies, for immediate processing requirement. Millers were facing difficulty in getting good quality Moong for crushing and polishing due to arrival of pest-damaged quality of new Moong.
India’s 2020-21 Kharif moong sowing is up 15.58 %, as on September 25, at 35.84 Lakh Ha.

Robust summer crop of Moong was reported this year in Madhya Pradesh and Moong supply will most likely continue till next year. Meanwhile, government agencies are yet to procure at MSP prices. Farmers continue to be in possession of the stock. Arrivals and supplies stocked in godowns meanwhile are enough to offset current requirements.

Moong ( Prices In Rs / 100Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Jaipur Kharif 7700-7800 6500-6600 6500-6600 5900-6200
Harda Summer NA 4200-7525 NA 5400-5850
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 26-Sep-20 19-Sep-20 12-Sep-20 26-Sep-19
Jaipur 8400-8500 7200-7300 7200-7300 7300
Gulbarga 8800-9000 8500-8700 8400-8500 7800
Akola NA NA NA 7300-7800

(By Commodities control Bureau; +91 9820130172)

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