MUMBAI (Commodities control) – Tur, Chana and Masoor declined for the week ended 24th October, due to dull mill buying as demand and sale counter in processed pulses reported sluggish activity. On the other hand, Moong and White Pea prices ruled firm on some trade activity, While Urad traded mixed amid thin trade volume. Weekly Highlights # North-East Monsoon May Set in After October 28--IMD. # A delegation of All India Dal Mill Association on Wednesday met Union Agriculture and Farmers Welfare Minister Narendra Singh Tomar seeking to increase import duration of tur imports in the country till January 31 next year. # Govt. to Intervene to Address Container Shortage, High Freight Rates; FIEO Discusses Matter With Comm Min. # Bombay HC Orders DGFT to Release 38,500 MTs of Peas from Port After Penalty. Meanwhile DGFT isn’t quite ready to back-off yet. It is believed that DGFT might challenge Bombay High Court’s order at the Supreme Court. # FSSAI to Launch Food Safety Compliance Online Platform from November 1. Burma Lemon Tur: Tur Lemon variety of Burma-origin new slipped for second straight week by Rs 200/100kg to Rs 6,900/100Kg, in Mumbai, on dull mill buying as demand and sale counter in processed Tur was witnessed sluggish despite lesser availability of ready stock. Meanwhile, regular supply from Mozambique and Sudan Tur was reported In forward trade, commodity traded weak to Rs 6,500 for November delivery. Similarly, domestic variety Tur traded lower by Rs 400 to Rs 7,400-7,450/100Kg at benchmark market Akola. Sentiments were pressurised as total supplies of around 1 Lakh tonnes, from Burma (40,000-50,000 tonnes) and Africa (60,000-70,000 tonnes), are expected to hit Indian ports by 15th November. Moreover, Nafed has commencedthe sale of Tur Kharif- 2019 procured stock in many states and also selling old raw Tur to the mills for processing, packaging and supply of processed Tur under PDS.However, market sources reveal that Nafed rejected all bids. As per Burma-based local trader,availability of one more direct vessel was reported for India. Tur buying is likely to be seen soon again.Six direct vessels (2 break bulks & 4 container vessels) for India carrying Tur are likely to set sail on 30th October to 7th November. Meanwhile, Tur prices remained flat as Indian buyers were side-lined at higher rates due to hike in container freight. Earlier single container freight was around $380-$400 which was steeply hiked to $1100, as deadline of container to load till 9th November is fast approaching. So, cargo can reach India till 15th November. 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
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Mumbai
Lemon
6900
7100
7600-7800
4900
Akola
Desi Bilty
7400-7450
7800-7850
8325-8350
5700-5750
Gulbarga
Desi
NA
NA
8500-8700
5400-5500
Tur Dal ( Prices In Rs / 100Kg )
Market
Variety
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Akola
Phatka
10500-10600
10500-10700
11400-11500
7800-8000
Gulbarga
Phatka
NA
NA
11200-11600
7800
Katni
Phatka
10400-10500
10600-10700
11600-11700
8250-8350
Burma Urad: Price of Burma Urad FAQ new variety traded unchanged at Rs 7,800/100Kg, in Mumbai, due to limited millers' trade and ongoing domestic arrivals. On other hand in Chennai, Burma Urad SQ variety fell Rs 100 at Rs 8,900/100Kgdue to slack trade at higher ratesand dull offtake in processed Urad. However, FAQ variety moved Rs 50 higher to Rs 7,900/100Kg on selective mill buying on immediate requirement for crushing. Sentiments are still under pressure as Government has taken several steps in cooling off rising prices by giving import quota, liquidating old procured stock and releasing buffer stock at subsidized rate to the states for retail sale. 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. As per Burma based local trader, Urad FAQ/SQ varieties remained weak as sellers were active. Meanwhile, no buyers from India were active in 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 along with limited carry over stock with government/private traders.
Urad ( Prices In Rs / 100Kg )
Market
Variety
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Mumbai FAQ
FAQ
7800
7800
8200
6350
Chennai
FAQ
7900
7850
8300-8350
6650
Chennai
SQ
8900
9000-9050
9500-9550
7150-7200
Jalgaon
Desi
NA
NA
7450-8000
6250-6500
Urad Dal ( Prices In Rs / 100Kg )
Market
Variety
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Mumbai
10300-10800
10300-10800
10400-11000
8000-8500
Chana Kantewala (Indore): Chana prices traded lower for second straight week by Rs 150 to Rs 5,200/100Kg in Indore, amid thin mill buying, supply of Chana/Kabuli Chickpea from overseas and negative chana futures. Demand for Chana dal and besan was weak; discouraging for millerseven with Diwali season lying ahead. Small traders with stocks in hand, expecting increased consumption during festive period are selling aggressively at discount to cut their positions in order to book profit and exit. NAFED Chana resellers were active in spot markets. However, NAFED has suspended all Chana sell auctions till further notice. In Mumbai, Tanzania-origin Chana ruled weak by Rs 50 at Rs 5,200/100Kg, due to supplies from its origin. Similarly, Sudan and Russia-origin Kabuli Chickpea fell Rs 150, each, at Rs 5,400 and Rs 5,300, respectively. As per market talk, Chana prices are likely to 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.
Chana ( Prices In Rs / 100Kg )
Market
Variety
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Mumbai
Australia
NA
NA
NA
4325
Tanzania
5200
5250
5400
4350
Burma
NA
NA
NA
4275
Indore
Katewala
5200
5325-5350
5500-5525
4375-4400
Delhi
Rajasthan origin
5250
5425
5625
4575
Akola
5250-5300
5500-5525
5525-5550
4600-4625
Bikaner
5100
5250-5275
5400
4400
Chana Dal ( Prices In Rs / 100Kg )
Market
Variety
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Akola
6000-7000
6500-7200
6500-7200
5100-5700
Indore
6400-6800
6500-7000
6500-7000
NA
Jaipur
6200-6225
6350
6500
5400-5450
Chana Besan ( Prices In Rs / 50Kg )
Market
Variety
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Mumbai
3750
3850
3850
3130
Kabuli Chana ( Prices In Rs / 100Kg )
Market
Variety
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Indore
40-42
NA
NA
NA
6100
42-44
7050
NA
7550
5900
44-46
6900
NA
7400
5800
Dollar
6200-6700
NA
6800-7200
5000-5700
Mumbai
Sudan
5400
5550
5600
4325
Ethiopia
NA
NA
NA
4250
Russia
5300
5450
5500
4250
Burma
NA
NA
NA
4400
Imported Masoor (Mumbai): Canada crimson variety and Australia-origin Masoor in Mumbai extended fall by Rs 25-50 at Rs 5,200-5,275/100Kg and Rs 5,350-5,375, respectively in Mumbai, amid dull mill buying. 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 30-50 each, at Rs 5,200/100Kg and Rs 5,161, 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. Government policy on import duty after 30th October may give direction to Masoor prices. Demand of seeds 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. Although it is unlikely to reach Mundra port by 31st October. Vessel M.V. Equinox Agnandoussa carrying Masoor from Canada set sail on 28th September and likely to reach Singapore on 22nd October.
Masoor ( Prices In Rs / 100Kg )
Market
Variety
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Mumbai
Canada
5200-5275
5231-5300
5281-5325
4200-4300
Australia
5350-5375
5400-5425
5400-5425
4350
Mundra
Canada
5161
5231
5271
NA
Hajira
Canada
5200
5231
5270
NA
Kolkata
Canada
5250-5350
5300-5375
5350-5400
4500-4550
Australia
5450-5600
5450-5600
5550-5650
4600-4625
Indore
Desi
5500
5500-5550
5600-5650
4250-4300
Raipur
Desi
5450-5500
5700-5750
NA
4450-4475
Kanpur
Desi
5800
5825
5925
4500
Masoor Dal ( Prices In Rs / 100Kg )
Market
Variety
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Khopoli
6400
6400
6400
5200-5250
Katni
NA
NA
NA
5000-5025
Imported White Pea (Mumbai): White Pea prices gained Rs 50 to Rs 6,200/100Kg at Kanpur market on fresh demand from local and outstation markets, for graded quality White Pea. On the other hand, price of White pea, besan and dal traded weak by Rs 50-100/100Kg amid thin buying despite 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. Bombay HC Orders DGFT to Release 38,500 MTs of Peas from Port after Penalty. Meanwhile DGFT isn’t quite ready to back-off yet. It is believed that DGFT might challenge Bombay High Court’s order at the Supreme Court.
White Pea ( Prices In Rs / 100Kg )
Market
Variety
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Mumbai
Canada
NA
NA
NA
4881
Kolkata
Canada
NA
NA
NA
5150
Kanpur
6200
6150
6400
5275
White Pea besan ( Prices In Rs / 50Kg )
Market
Variety
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Mumbai
3900
3950
3950
NA
White Pea Dal ( Prices In Rs / 100Kg )
Market
Variety
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Mumbai
7100
7200
7200
5800
Moong (Jaipur): Moong prices rose by Rs 300 at Rs 7,700-7,800/100Kg in Jaipur market of Rajasthan, as per quality, amid mill buying on immediate requirement for crushing. Moreover, demand and sale counter in processed Moong also improved at lower rates. Buyers are interested in good quality supplies and no arrivals pressure of new crop has been witnessed yet. Having said so, yield and quality of new Moong was affected due to rains in major producing centers. Moreover, crop is reportedly damaged due to Yellow Mozaic disease and locust attacks in Rajasthan. Meanwhile, Government procurement of new Kharif Moong, at MSP, is snail-paced. Farmers continue to be in possession of the stock and eagerly await government agencies procurement to commence. Arrivals and supplies are stocked in godowns are enough to offset current requirements, meanwhile. As per market talk, Moong prices depend on government procurement quantity at MSP.
Moong ( Prices In Rs / 100Kg )
Market
Variety
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Jaipur
Kharif
7700-7800
7400-7600
7800-7900
6200-6600
Harda
Summer
NA
NA
NA
6000-6400
Moong Dal ( Prices In Rs / 100Kg )
Market
Variety
24-Oct-20
17-Oct-20
10-Oct-20
24-Oct-19
Jaipur
8600-8700
8200-8300
8600-8700
7800-7900
Gulbarga
NA
NA
9100-9200
8300-8400
Akola
NA
NA
NA
7300-7800
Nafed Procured Moong As On 19 Oct, 2020
State
MT
Tamil Nadu
46.35
Haryana
613.68
Maharashtra
145.63
Total
805.66
(By Commodities control Bureau; +91 9820130172)
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