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Weekly: Tur, Chana Plunge Most This Week, Moong Gains

26 Oct 2020 9:42 am
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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 commenced the 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 8,900/100Kg due to slack trade at higher rates and 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 millers even 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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