Login ID:
Password:
Partner Login
Contact Us : 7066511911

Weekly: Major Pulses Plunge This Week On Govt Intervention

19 Oct 2020 9:56 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
MUMBAI (Commodities control) – Tur, Urad, Chana, Kabuli Chana, Moong and White Pea slipped for the week ended 17th October, due to Government intervention that comes amid a rise in retail prices of pulses over a fortnight.

Government has taken several steps in cooling off rising prices by giving import quota, releasing buffer stock at subsidised rate to the states for retail sale and selling old procured stock to the mills for processing, packaging and supply of processed pulses under PDS.

Weekly Highlights

# DGFT Notifies 4 Lk MT of Tur Import Quota Until 15th Nov 2020.
# AIDMA Seeks Extension in Import Duration of Tur.
# M.P Govt To Provide Chana Seeds At 50% Subsidy to Farmers for Sowing.
# Five States To Procure 1 Lakh Tonnes of Tur From Buffer To Check Pulse Prices.
# Govt To Offer Urad, Tur at Subsidised Rates To States For Retail Sale.

Burma Lemon Tur:

Tur Lemon variety of Burma-origin new slipped by Rs 700/100kg to Rs 7,100/100Kg, in Mumbai, on cautious buying from millers due slow activity at the demand and sale counters of processed Tur.

In forward trade, commodity traded to Rs 6,750 for mid-November delivery.

Similarly, domestic variety Tur traded lower by Rs 500 to Rs 7,800-7,850/100Kg at benchmark market Akola.

Sentiments are still pressurized as DGFT has allotted quota for import of 4 Lakh MTs of Tur until 15th Nov 2020. Hardly some quantity of the quota can be imported during this time frame.

Cheaper supplies around 1-1.5 Lakh tonnes from Africa (Matwara/Arusha) and also some quantity supply expected from Burma before deadline.

Tanzania origin Matwara variety Tur priced at $665 per ton in containers and Arusha variety at $755/ton on CNF basis Nhava sheva port.

As per Burma based trader, new Tur Lemon variety extended gains for the second straight day in a row amid improved buying from India. Another 70-80 containers of New Tur Lemon was traded, for India, at $765 per metric ton on FOB basis. Meanwhile, buyers from India were still active.

As per local trader, two direct vessels for India were reported next week. On vessel is expected on 6th November.

Total 28,446 MT imported Tur arrived at Nhava Sheva port in September month. Mozambique origin: 27546 MT and Sudan origin: 900 MT.

Tur that arrived from Mozambique was already sold to Madhya Pradesh/Uttar Pradesh and Southern markets. Ready stock availability is low.

Government agency is selling old raw Tur to the mills for processing, packaging and supply of processed Tur under PDS.

Overall tur prices are likely to get support at lower rates, as arrival of new domestic crop are still two months away. Reports of crop damage and delay in arrivals in Karnataka and Maharashtra, amid rains, underpin the pulses.

Tur ( Prices In Rs /100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai Lemon 7100 7600-7800 6800-7000 5050
Akola Desi Bilty 7800-7850 8325-8350 7800-7850 5750-5775
Gulbarga Desi NA 8500-8700 NA 5475-5575
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Akola Phatka 10500-10700 11400-11500 10400-10600 7900-8100
Gulbarga Phatka NA 11200-11600 NA 7800
Katni Phatka 10600-10700 11600-11700 10500-10600 8200-8300


Burma Urad:

Price of Burma Urad FAQ new variety declined Rs 500 to Rs 7,800/100Kg, in Mumbai, due to slack millers' trade at higher rates, ongoing domestic arrivals and slow offtake in processed Urad. Papad making units were also less interested in purchasing at prevailing rates.

Similarly in Chennai, Burma Urad FAQ-SQ varieties also fell each Rs 500 at Rs 7,850/100Kg and Rs 9,000-9,050 respectively.

Sentiments are still under pressure as the government agencies have commenced liquidating old procured stock. The Centre offered ‘Urad’ from the buffer stock to the states at a subsidized rate for retail sale, in order to check rising prices of pulses.

Moreover, DGFT allocated import quota for the current FY up to March 2021. As per the notification each eligible and verified importer shall be allowed to import 97 MTs, approximately.

However, arrivals of superior quality Urad are less as compared to average/damaged quality. Hence, millers were facing difficulty in getting good quality Urad for crushing.

As per Burma based local trader, meanwhile, no buyers from India were active in purchasing Urad.

As per market view, prices are likely to get support due to no overseas supply pressure, damage to yield and quality of domestic Urad, limited carry over stock with government/private traders.

Urad ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai FAQ FAQ 7800 8200 7450 6300
Chennai FAQ 7850 8300-8350 7500 6400-6450
Chennai SQ 9000-9050 9500-9550 8600 7300
Jalgaon Desi NA 7450-8000 7150-7400 5900-6200
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai 10300-10800 10400-11000 10000-10400 NA


Chana Kantewala (Indore):

Chana prices traded lower by Rs 150 to Rs 5,325-5,350/100Kg in Indore, on thin mill buying at prevailing rates. Demand in chana dal and besan was reported from consumption centres.

Chana stocks are tighter, but the millers are stocked enough and will only be encouraged with demand in dals.

However, NAFED has suspended all Chana sell auctions till further notice.

In Mumbai, Tanzania-origin Chana ruled weak by Rs 150 at Rs 5,250/100Kg, due to supplies from its origin.

Similarly, Sudan and Russia-origin Kabuli Chickpea fell Rs 50, each, at Rs 5,550 and Rs 5,450, respectively.

Tanzania-origin Chana was quoted at $700 per ton in containers on CNF basis. But, there is disparity.

Russia-origin Kabuli Chickpea is priced at $500-$510 per ton in containers. However, crop is reported to be lower by 30-40%.

Sudan-origin Kabuli Chickpea priced at $730-$735 per ton in containers. Meanwhile, there are offers.

As per market talk, Chana prices are likely be underpinned at lower rates 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 soon. As per market sources, sowing has begun in some places of Andhra Pradesh.

Chana ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai Australia NA NA NA 4325
Tanzania 5250 5400 5400 4350
Burma NA NA NA 4275
Indore Katewala 5325-5350 5500-5525 5400-5450 4425-4450
Delhi Rajasthan origin 5425 5625 5425-5450 4600
Akola 5500-5525 5525-5550 5525-5550 4525-4550
Bikaner 5250-5275 5400 5300 4350-4375
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Akola 6500-7200 6500-7200 6500-7000 5200-5800
Indore 6500-7000 6500-7000 6500-7000 NA
Jaipur 6350 6500 6350 5550
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai 3850 3850 3800 NA
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Indore 40-42 NA NA NA 6100
42-44 NA 7550 7500 5900
44-46 NA 7400 7350 5750
Dollar NA 6800-7200 NA 5100-5500
Mumbai Sudan 5550 5600 5550 4400
Ethiopia NA NA NA 4300
Russia 5450 5500 5450 4300
Burma NA NA NA 4400


Imported Masoor (Mumbai):

Canada crimson variety-origin Masoor in Mumbai widened losses by Rs 25-50 at Rs 5,231-5,300/100Kg, amid dull mill buying, While, Australia origin Masoor remained unchanged at Rs 5,400-5,425.

Availability of imported raw and processed Masoor stocks at cheaper rates, slower offtake in processed Masoor and reduced import duty has dampened the sentiments.

Similarly, Canada crimson variety Masoor at Hazira and Mundra port fell Rs 40 each, at Rs 5,231/100Kg, respectively.

As per market talk, Masoor prices are likely to get some support due to cheaper rates compared to other pulses and also hike in MSP to Rs 5,100/100Kg.

Demand of seeds for sowing is also expected as rabi sowing will begin soon.

As per market sources, Vessel M. V. Nord Bering carrying Masoor from Canada had sailed on 23rd September and is likely to reach Singapore on 21st October. It is unlikely to reach Mundra port by 31st October, however.

Vessel M.V. Equinox Agnandoussa carrying Masoor from Canada had sailed on 28th September and likely to reach Singapore on 22nd October.

However, DGFT notifies that import duty on lentils has been reduced to 10% with effect from 18th September until 31st October 2020.

Masoor ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai Canada 5231-5300 5281-5325 5281-5350 4100-4225
Australia 5400-5425 5400-5425 5400 4325
Mundra Canada 5231 5271 5271 NA
Hajira Canada 5231 5270 5281 NA
Kolkata Canada 5300-5375 5350-5400 5350-5400 4450-4500
Australia 5450-5600 5550-5650 5550-5700 4600
Indore Desi 5500-5550 5600-5650 5600-5650 4200
Raipur Desi 5700-5750 NA NA 4400
Kanpur Desi 5825 5925 5875 4425
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Khopoli 6400 6400 6400 NA
Katni NA NA NA 4925-4950


Imported White Pea (Mumbai):

White Pea prices slipped Rs 250 at Rs 6,150/100Kg at Kanpur market on slack trade.

Moreover, unconfirmed news has been making rounds in the market, that consignments of White Pea lying at Mumbai port were released with penalty by DGFT.

On the other hand, price of White pea, besan and dal traded flat amid limited buying against 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 their 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 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai Canada NA NA NA 4900
Kolkata Canada NA NA NA 5150
Kanpur 6150 6400 6350 5250
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai 3950 3950 3900 NA
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai 7200 7200 7100 NA


Moong (Jaipur):

Moong prices declined by Rs 400 to Rs 7,400-7,600/100Kg in Jaipur market of Rajasthan, as per quality, amid thin mill buying as demand and sale counters in processed Moong reported limited participation.

Moreover, regular arrivals of new Kharif Moong are going on at major producing centers.

Buyers are interested in good quality supplies, for immediate processing requirement.

Meanwhile rains during harvesting period of Moong, at the producing centres, have damaged crop, and quality. Yield is affected, as well. Moreover, crop is reportedly damaged due to Yellow Mozaic disease and locust attacks in Rajasthan. However, higher kharif output in the country has been reported this year, with record production estimates.

Government procurement of new Kharif Moong, at MSP, is negligible.

Farmers continue to be in possession of the stock and eagerly wait for government agencies to commence procurement. Arrivals and supplies stocked in godowns, meanwhile, are enough to offset current requirements.

As per market talk, Moong prices will depend on government procurement quantity at MSP.

Moong ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Jaipur Kharif 7400-7600 7800-7900 7500-7600 6200-6600
Harda Summer NA NA NA 5700-6300
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Jaipur 8200-8300 8600-8700 8200-8300 7800-7900
Gulbarga NA 9100-9200 NA 8400-8500
Akola NA NA NA 7300-7800


Nafed Procured Moong As On 14 Oct, 2020
State MT
Tamil Nadu 46.35
Haryana 523.93
Maharashtra 116.01
Total 686.29
Weekly: Major Pulses Plunge This Week On Govt Intervention
MUMBAI (Commodities control) – Tur, Urad, Chana, Kabuli Chana, Moong and White Pea slipped for the week ended 17th October, due to Government intervention that comes amid a rise in retail prices of pulses over a fortnight.

Government has taken several steps in cooling off rising prices by giving import quota, releasing buffer stock at subsidised rate to the states for retail sale and selling old procured stock to the mills for processing, packaging and supply of processed pulses under PDS.

Weekly Highlights

# DGFT Notifies 4 Lk MT of Tur Import Quota Until 15th Nov 2020.
# AIDMA Seeks Extension in Import Duration of Tur.
# M.P Govt To Provide Chana Seeds At 50% Subsidy to Farmers for Sowing.
# Five States To Procure 1 Lakh Tonnes of Tur From Buffer To Check Pulse Prices.
# Govt To Offer Urad, Tur at Subsidised Rates To States For Retail Sale.

Burma Lemon Tur:

Tur Lemon variety of Burma-origin new slipped by Rs 700/100kg to Rs 7,100/100Kg, in Mumbai, on cautious buying from millers due slow activity at the demand and sale counters of processed Tur.

In forward trade, commodity traded to Rs 6,750 for mid-November delivery.

Similarly, domestic variety Tur traded lower by Rs 500 to Rs 7,800-7,850/100Kg at benchmark market Akola.

Sentiments are still pressurized as DGFT has allotted quota for import of 4 Lakh MTs of Tur until 15th Nov 2020. Hardly some quantity of the quota can be imported during this time frame.

Cheaper supplies around 1-1.5 Lakh tonnes from Africa (Matwara/Arusha) and also some quantity supply expected from Burma before deadline.

Tanzania origin Matwara variety Tur priced at $665 per ton in containers and Arusha variety at $755/ton on CNF basis Nhava sheva port.

As per Burma based trader, new Tur Lemon variety extended gains for the second straight day in a row amid improved buying from India. Another 70-80 containers of New Tur Lemon was traded, for India, at $765 per metric ton on FOB basis. Meanwhile, buyers from India were still active.

As per local trader, two direct vessels for India were reported next week. On vessel is expected on 6th November.

Total 28,446 MT imported Tur arrived at Nhava Sheva port in September month. Mozambique origin: 27546 MT and Sudan origin: 900 MT.

Tur that arrived from Mozambique was already sold to Madhya Pradesh/Uttar Pradesh and Southern markets. Ready stock availability is low.

Government agency is selling old raw Tur to the mills for processing, packaging and supply of processed Tur under PDS.

Overall tur prices are likely to get support at lower rates, as arrival of new domestic crop are still two months away. Reports of crop damage and delay in arrivals in Karnataka and Maharashtra, amid rains, underpin the pulses.

Tur ( Prices In Rs /100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai Lemon 7100 7600-7800 6800-7000 5050
Akola Desi Bilty 7800-7850 8325-8350 7800-7850 5750-5775
Gulbarga Desi NA 8500-8700 NA 5475-5575
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Akola Phatka 10500-10700 11400-11500 10400-10600 7900-8100
Gulbarga Phatka NA 11200-11600 NA 7800
Katni Phatka 10600-10700 11600-11700 10500-10600 8200-8300


Burma Urad:

Price of Burma Urad FAQ new variety declined Rs 500 to Rs 7,800/100Kg, in Mumbai, due to slack millers' trade at higher rates, ongoing domestic arrivals and slow offtake in processed Urad. Papad making units were also less interested in purchasing at prevailing rates.

Similarly in Chennai, Burma Urad FAQ-SQ varieties also fell each Rs 500 at Rs 7,850/100Kg and Rs 9,000-9,050 respectively.

Sentiments are still under pressure as the government agencies have commenced liquidating old procured stock. The Centre offered ‘Urad’ from the buffer stock to the states at a subsidized rate for retail sale, in order to check rising prices of pulses.

Moreover, DGFT allocated import quota for the current FY up to March 2021. As per the notification each eligible and verified importer shall be allowed to import 97 MTs, approximately.

However, arrivals of superior quality Urad are less as compared to average/damaged quality. Hence, millers were facing difficulty in getting good quality Urad for crushing.

As per Burma based local trader, meanwhile, no buyers from India were active in purchasing Urad.

As per market view, prices are likely to get support due to no overseas supply pressure, damage to yield and quality of domestic Urad, limited carry over stock with government/private traders.

Urad ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai FAQ FAQ 7800 8200 7450 6300
Chennai FAQ 7850 8300-8350 7500 6400-6450
Chennai SQ 9000-9050 9500-9550 8600 7300
Jalgaon Desi NA 7450-8000 7150-7400 5900-6200
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai 10300-10800 10400-11000 10000-10400 NA


Chana Kantewala (Indore):

Chana prices traded lower by Rs 150 to Rs 5,325-5,350/100Kg in Indore, on thin mill buying at prevailing rates. Demand in chana dal and besan was reported from consumption centres.

Chana stocks are tighter, but the millers are stocked enough and will only be encouraged with demand in dals.

However, NAFED has suspended all Chana sell auctions till further notice.

In Mumbai, Tanzania-origin Chana ruled weak by Rs 150 at Rs 5,250/100Kg, due to supplies from its origin.

Similarly, Sudan and Russia-origin Kabuli Chickpea fell Rs 50, each, at Rs 5,550 and Rs 5,450, respectively.

Tanzania-origin Chana was quoted at $700 per ton in containers on CNF basis. But, there is disparity.

Russia-origin Kabuli Chickpea is priced at $500-$510 per ton in containers. However, crop is reported to be lower by 30-40%.

Sudan-origin Kabuli Chickpea priced at $730-$735 per ton in containers. Meanwhile, there are offers.

As per market talk, Chana prices are likely be underpinned at lower rates 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 soon. As per market sources, sowing has begun in some places of Andhra Pradesh.

Chana ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai Australia NA NA NA 4325
Tanzania 5250 5400 5400 4350
Burma NA NA NA 4275
Indore Katewala 5325-5350 5500-5525 5400-5450 4425-4450
Delhi Rajasthan origin 5425 5625 5425-5450 4600
Akola 5500-5525 5525-5550 5525-5550 4525-4550
Bikaner 5250-5275 5400 5300 4350-4375
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Akola 6500-7200 6500-7200 6500-7000 5200-5800
Indore 6500-7000 6500-7000 6500-7000 NA
Jaipur 6350 6500 6350 5550
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai 3850 3850 3800 NA
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Indore 40-42 NA NA NA 6100
42-44 NA 7550 7500 5900
44-46 NA 7400 7350 5750
Dollar NA 6800-7200 NA 5100-5500
Mumbai Sudan 5550 5600 5550 4400
Ethiopia NA NA NA 4300
Russia 5450 5500 5450 4300
Burma NA NA NA 4400


Imported Masoor (Mumbai):

Canada crimson variety-origin Masoor in Mumbai widened losses by Rs 25-50 at Rs 5,231-5,300/100Kg, amid dull mill buying, While, Australia origin Masoor remained unchanged at Rs 5,400-5,425.

Availability of imported raw and processed Masoor stocks at cheaper rates, slower offtake in processed Masoor and reduced import duty has dampened the sentiments.

Similarly, Canada crimson variety Masoor at Hazira and Mundra port fell Rs 40 each, at Rs 5,231/100Kg, respectively.

As per market talk, Masoor prices are likely to get some support due to cheaper rates compared to other pulses and also hike in MSP to Rs 5,100/100Kg.

Demand of seeds for sowing is also expected as rabi sowing will begin soon.

As per market sources, Vessel M. V. Nord Bering carrying Masoor from Canada had sailed on 23rd September and is likely to reach Singapore on 21st October. It is unlikely to reach Mundra port by 31st October, however.

Vessel M.V. Equinox Agnandoussa carrying Masoor from Canada had sailed on 28th September and likely to reach Singapore on 22nd October.

However, DGFT notifies that import duty on lentils has been reduced to 10% with effect from 18th September until 31st October 2020.

Masoor ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai Canada 5231-5300 5281-5325 5281-5350 4100-4225
Australia 5400-5425 5400-5425 5400 4325
Mundra Canada 5231 5271 5271 NA
Hajira Canada 5231 5270 5281 NA
Kolkata Canada 5300-5375 5350-5400 5350-5400 4450-4500
Australia 5450-5600 5550-5650 5550-5700 4600
Indore Desi 5500-5550 5600-5650 5600-5650 4200
Raipur Desi 5700-5750 NA NA 4400
Kanpur Desi 5825 5925 5875 4425
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Khopoli 6400 6400 6400 NA
Katni NA NA NA 4925-4950


Imported White Pea (Mumbai):

White Pea prices slipped Rs 250 at Rs 6,150/100Kg at Kanpur market on slack trade.

Moreover, unconfirmed news has been making rounds in the market, that consignments of White Pea lying at Mumbai port were released with penalty by DGFT.

On the other hand, price of White pea, besan and dal traded flat amid limited buying against 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 their 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 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai Canada NA NA NA 4900
Kolkata Canada NA NA NA 5150
Kanpur 6150 6400 6350 5250
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai 3950 3950 3900 NA
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Mumbai 7200 7200 7100 NA


Moong (Jaipur):

Moong prices declined by Rs 400 to Rs 7,400-7,600/100Kg in Jaipur market of Rajasthan, as per quality, amid thin mill buying as demand and sale counters in processed Moong reported limited participation.

Moreover, regular arrivals of new Kharif Moong are going on at major producing centers.

Buyers are interested in good quality supplies, for immediate processing requirement.

Meanwhile rains during harvesting period of Moong, at the producing centres, have damaged crop, and quality. Yield is affected, as well. Moreover, crop is reportedly damaged due to Yellow Mozaic disease and locust attacks in Rajasthan. However, higher kharif output in the country has been reported this year, with record production estimates.

Government procurement of new Kharif Moong, at MSP, is negligible.

Farmers continue to be in possession of the stock and eagerly wait for government agencies to commence procurement. Arrivals and supplies stocked in godowns, meanwhile, are enough to offset current requirements.

As per market talk, Moong prices will depend on government procurement quantity at MSP.

Moong ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Jaipur Kharif 7400-7600 7800-7900 7500-7600 6200-6600
Harda Summer NA NA NA 5700-6300
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 17-Oct-20 10-Oct-20 03-Oct-20 17-Oct-19
Jaipur 8200-8300 8600-8700 8200-8300 7800-7900
Gulbarga NA 9100-9200 NA 8400-8500
Akola NA NA NA 7300-7800


Nafed Procured Moong As On 14 Oct, 2020
State MT
Tamil Nadu 46.35
Haryana 523.93
Maharashtra 116.01
Total 686.29

(By Commodities control Bureau; +91 9820130172) (By Commodities control Bureau; +91 9820130172)

       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Top 5 News
USD/INR (Dec ‘20) – Bearish Price Trend / More Downside...
USD/INR (Dec ‘20) – Bearish Price Trend / More Downside...
USD/INR (Nov ‘20) – Consolidating Near Key Support (74....
USD/MYR—
USD/CNY & USD/IDR
Top 5 Market Commentary
Maharashtra Cotton prices Steady amid Weak Stockists' S...
Tur, Urad Extend Gains in Delhi, M.P Masoor Eases
Sugar (LIFFE) – Counter-trend Decline / Testing Support...
Sugar (ICE) – Inflection Point: Testing Key Support Nea...
Soy Complex – Soybeans (CBT) – Consolidating Near 52-Wk...
Copyright © CC Commodity Info Services LLP. All rights reserved.