MUMBAI (Commodities control) – Tur and Chana extended rally for the week ended 3rdOctober amid improved mill buying activity, While Urad, Masoor, Kabuli, Moong and White Pea remained weak on thin activity. Weekly Highlights # India Receives Above Average Rains for 2nd Year in a Row--IMD. # Farmers’ Empowerment is Government’s priority – Piyush Goyal # The proposal from the States, approval has been accorded for procurement of 14.09 LMT of Pulse and Oilseeds for Kharif Marketing Season 2020 for the States of Tamil Nadu, Karnataka, Maharashtra, Telangana and Haryana. # Upto 29.09.2020, the Government through its Nodal Agencies has procured 46.35 MT of Moong having MSP value of Rs.33 lakhs benefitting 48 farmers in Tamil Nadu. Burma Lemon Tur: Tur Lemon variety of Burma-origin, both old and new, continued to trade higher by Rs 400 to Rs 6,800-7,000/100Kg, in Mumbai, due to weak availability of imported-domestic Tur and reports of crop damage and delay in new crop arrivals in Karnataka and Maharashtra amid rains. Moreover, improved trade activity in processed Tur supported prices as vegetables are costlier. Higher bids were reported in FCI tender at Karnataka, to purchase old procured Tur. Government’s holding 5.48 LMT as on 15th July 2020. Government is likely to transfer around 2 LMT Tur procured under PSS (Kharif 2019-20) to PSF. Similarly, domestic variety Tur traded higher by Rs 500-525 to Rs 7,800-7,850/100Kg at benchmark market Akola, on improved local and outstation mill purchase due to immediate requirement for crushing. As per market view, some profit booking is likely to be witnessed at higher rates amid expectations of arrivals of 1.5-2 Lakh tons of tur supplies from Mozambique. Overall tur prices are likely to rally further as arrivals of new domestic crop are still three months away. Moreover, import parity will also be higher, if government gives import quota to millers. Reports of crop damage in Karnataka and Maharashtra, amid rains, underpins the pulses.
Tur ( Prices In Rs /100Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Mumbai
Lemon
6800-7000
6400-6600
5950-6150
4800
Akola
Desi Bilty
7800-7850
7300-7325
6825-6850
5600-5625
Gulbarga
Desi
NA
7000-7300
6600-6900
5400-5500
Tur Dal ( Prices In Rs / 100Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Akola
Phatka
10400-10600
9800-10000
9100-9300
7700-7900
Gulbarga
Phatka
NA
9800-10200
9200-9600
7600-7700
Katni
Phatka
10500-10600
9900-10000
9200-9300
8050-8150
Burma Urad: Price of Burma Urad FAQ new variety dulled by Rs 50 to Rs 7,450/100Kg, in Mumbai. Similarly in Chennai, Burma Urad FAQ-SQ varieties declined to Rs 100-200 at Rs 7,500/100Kg and Rs 8,600 respectively. Sentiments was pressurised after DGFT notifies quota for import of 1.5 Lakh tonnes of urad for the period up to 31st march 2021. The quota of 1.5 Lakh MT of urad shall be distributed equally or for the quantity applied, whichever is lower, among the eligible and verified applicants, who were allotted quota for import of urad in June 2020. But, Urad prices rise in Burma and no sellers are active yet. Import parity would also be higher. Urad stock in Burma was reported to be around 2.5-3 Lakh tonnes. As per a Burma-based trader, around 50,000 tonnes of Urad has already been traded by India buyers earlier in the range of Urad FAQ at $750/ton and SQ variety at $850/ton. Meanwhile, no overseas supply pressure was reported. Chennai traders were still busy in settling forward trade against September month delivery as sellers have to give delivery. No arrivals pressure of new crop has been witnessed yet. Stockiest were active in purchasing good quality Urad. Government is holding 2.19 LMT as on 15th July 2020. Also, government agencies have commenced liquidating old procured stock. As per market view, prices are likely to get support at lower rates due to no overseas supply pressure, damage to yield and quality of domestic Urad, limited carry over stock with government/private traders, fresh hike in MSP by the government despite report of higher kharif output in the country this year and record production estimates.
Urad ( Prices In Rs / 100Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Mumbai FAQ
FAQ
7450
7500
6800-6850
5200-5250
Chennai
FAQ
7500
7625-7650
6700
5650
Chennai
SQ
8600
8825-8850
7700-7800
6600
Jalgaon
Desi
7150-7400
NA
NA
5500-6000
Urad Dal ( Prices In Rs / 100Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Mumbai
10000-10400
10000-10400
8400-9150
6600-6800
Chana Kantewala (Indore): Chana prices moved higher by Rs 50 to Rs 5,400-5,450/100Kg in Indore as millers were facing difficulty in procuring good quality supplies for crushing amid declining stocks with NAFED. However, the rumour of duty reduction on imported chana has kept the buyers away from making aggressive purchases. Duty is not applicable on Imports from Sudan and Tanzania, while, it is applicable from Russia and Australia-origin. Meanwhile, good demand in chana dal and besan from consumption centres continue to support the pulse price. Also, NAFED has been active at liquidating stocks at higher rate and rejected bids of lower rates. Government is holding 22.52 LMT in PSS stock and 1.30 LMT available in PSF stock as on 15th July 2020. In Mumbai, Tanzania-origin Chana traded almost steady at Rs 5,400/100Kg due to supplies from its origin. Sudan and Russia-origin Kabuli Chickpea was steady to firm at Rs 5,550 and Rs 5,450, respectively. Supplies of Russia-origin Kabuli Chickpea are expected from mid-October. However, crop is reported to be 30-40% lower. As per market talk, Chana prices are likely be underpinned due to demand hopes of increased consumption 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.As per market sources, sowing has begun in some places of Andhra Pradesh.
Chana ( Prices In Rs / 100Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Mumbai
Australia
NA
NA
NA
4225
Tanzania
5400
5350-5400
5000
NA
Burma
NA
NA
NA
4150
Indore
Katewala
5400-5450
5350-5400
5075-5100
4300-4325
Delhi
Rajasthan origin
5425-5450
5450-5475
5150
4400
Akola
5525-5550
5525-5550
5100-5125
4425-4450
Bikaner
5300
5250
5000
4225
Chana Dal ( Prices In Rs / 100Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Akola
6500-7000
6300-6900
6100-6500
5100-5700
Indore
6500-7000
6200-6500
6100-6400
NA
Jaipur
6350
6300-6325
6050-6075
5300
Chana Besan ( Prices In Rs / 50Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Mumbai
3800
3750
3550
2990
Kabuli Chana ( Prices In Rs / 100Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Indore
40-42
NA
NA
NA
5750
42-44
7500
7650
7500
5550
44-46
7350
7500
7300
5350
Dollar
NA
6800-7100
6500-7200
4800-5200
Mumbai
Sudan
5550
5450-5500
5200-5250
4200
Ethiopia
NA
NA
NA
4150
Russia
5450
5400-5450
5150
4150
Burma
NA
NA
NA
4350
Imported Masoor (Mumbai): Canada crimson variety and Australia-origin Masoor in Mumbai declined Rs 75-100 at Rs 5,281-5,350/100Kg and Rs 5,400, respectively in Mumbai, amid slack mill buying. Availability of imported raw and processed Masoor stock at cheaper rates, slow offtake in processed Masoor and reduced import duty has dampened the sentiments. Similarly, Canada crimson variety Masoor at Hazira and Mundra port fell Rs 75each, at Rs 5,281/100Kg and Rs 5,271, respectively. Moreover, trade activity was also thin as major markets of Madhya Pradesh were closed protesting against government to reduce mandi tax. As per market talk, Masoor prices are likely to get some support at prevailing rates due to cheaper prices compared to other pulses, depleting imported stock and hike in MSP to Rs 5,100/100Kg. Demand of seeds for sowing is expected to grow as rabi sowing will be begin from October.
Masoor ( Prices In Rs / 100Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Mumbai
Canada
5281-5350
5350-5450
5261-5350
3875-4000
Australia
5400
5525
5400-5425
4100
Mundra
Canada
5271
5331-5341
5241-5251
NA
Hajira
Canada
5281
5351
5241-5251
NA
Kolkata
Canada
5350-5400
5375-5450
5300-5350
4150-4250
Australia
5550-5700
5550-5750
5500-5700
4300
Indore
Desi
5600-5650
5600-5650
5500-5550
4050-4100
Raipur
Desi
NA
NA
NA
4250
Kanpur
Desi
5875
6000
5850
4375
Masoor Dal ( Prices In Rs / 100Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Khopoli
6400
6400
6350
5100-5200
Katni
NA
NA
NA
4825
Imported White Pea (Mumbai): White Pea prices slipped Rs 150 to Rs 6,350/100Kg at Kanpur market on thin trade. On the other hand, price of White pea, besan and dal traded firm amid shortage. Moreover, crushing of White Pea for making dal and 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 pulses yet, as the release will contradict the government’s existing policy.
White Pea ( Prices In Rs / 100Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Mumbai
Canada
NA
NA
NA
4975
Kolkata
Canada
NA
NA
NA
5200
Kanpur
6350
6450
6350
5350
White Pea besan ( Prices In Rs / 50Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Mumbai
3900
3750
3700
3200
White Pea Dal ( Prices In Rs / 100Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Mumbai
7100
7000
7000
5800
Moong (Jaipur): Moong old prices dropped Rs 200 at Rs 7,500-7,600/100Kg in Jaipur market of Rajasthan, as per quality, amid thin mill buying as demand and sale counters in processed Moong reported limited participation. Moreover, arrivals of new kharif moong are going on in major producing centers. On other hand, new kharif Moong traded firm as per quality. Yield and quality of new Moong is affected due to rains in major producing centers. Moreover, crop is reportedly damaged due to Yellow Mozaic disease and locust attacks in Rajasthan. 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 supplies. Major markets of Madhya Pradesh were closed in protest against government to reduce mandi tax. Haryana Government is going to Start Kharif Moong Crop Procurement in maximum quantity of 5,825 MT At MSP of Rs 7,196/100Kg From October 1, 2020. The central government will provide processed moong from its buffer stock to state governments either in bulk quantity or in one or half kilo pack for retail sale at a subsidised rate, in the current lean period to check any possible price rise. Moong will be offered at Rs 92 per kg. The Centre has a buffer stock of over two lakh tons of moong under the PSF at present. Government agencies have commenced liquidating old procured stock. 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 new kharif Moong at MSP prices. Farmers continue to be in possession of the stock and eagerly waiting for government to procure. Arrivals and supplies stocked in godowns meanwhile are enough to offset current requirements.
Moong ( Prices In Rs / 100Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Jaipur
Kharif
7500-7600
7700-7800
6500-6600
5800-6200
Harda
Summer
NA
NA
4200-7525
5400-5920
Moong Dal ( Prices In Rs / 100Kg )
Market
Variety
03-Oct-20
26-Sep-20
19-Sep-20
03-Oct-19
Jaipur
8200-8300
8400-8500
7200-7300
7300-7400
Gulbarga
NA
8800-9000
8500-8700
7900
Akola
NA
NA
NA
7300-7800
(By Commodities control Bureau; +91 9820130172)
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