Login ID:
Password:
Partner Login
Contact Us : 7066511911

Weekly: White Pea-Chana Gains Most For the Week Ended 13 Nov, Market Eyes Nafed Actions

18 Nov 2020 9:20 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
MUMBAI (Commodities control) – Chana, Moong and White Pea moved higher for the week ended 13th November, amid fresh trade activities from traders/millers. Meanwhile, Urad and Masoor traded weak amid slack buying. On the other hand, Kabuli Chana prices were nearly unchanged on limited trade activity, while Tur traded mixed amid thin trade volume.

Weekly Highlights

# DGFT Allocates Import Quota for 1.5 Lk MT Moong Until March 2021.
# India is hopeful of registering close to 28 per cent rise in production of Masoor at around 1.6 million tonnes in 2020-21 backed by a good sowing and favourable weather conditions.

Pulses Rates On CNF Basis In Burma ($ per metric tonne)
Commodity Variety 12-Nov-20 09-Nov-20 Change
Black Matpe (Urad) SQ 1035 1050 -15
Black Matpe (Urad) FAQ 900 900 0
0
Pigeon Pea (Tur) Lemon(2020) 765 770 -5
Pigeon Pea (Tur) Lemon Old 720 720 0
Pigeon Pea (Tur) Linkely 790 800 -10
Green Gram (Moong) Pediseva 1100 1150 -50
Green Gram (Moong) Pokaku 1150 1120 30
Green Gram (Moong) Annaseva 1120 1120 0
Chickpea (Chana) V2 Kabuli 850 850 0
Chickpea (Chana) Hollan 850 850 0
Chickpea (Chana) V7 Kabuli 840 840 0
Chickpea (Chana) Mosambi 950 950 0


Burma Lemon Tur:

Tur Lemon variety of Burma-origin new weakened by Rs 50/100kg to Rs 6,150/100Kg, in Mumbai, as market sources reveal that Nafed has approved tender bids of approximately 3,400 MT kharif 2019 Tur in Maharashtra on 13th November in range of Rs 6,551-6,571/100Kg.

In the forward trade, commodity was quoted weak to Rs 6,000 for November delivery.

Moreover, demand and sale counter in processed Tur reported thin activity as major markets were closed on the occasion of Diwali.

As per Mumbai APMC market trader, delivery from mills in the range of Rs 10,800-11,200/100Kg against Diwali in forward trade is pending.

On other hand, domestic variety Tur traded higher by Rs 200 to Rs 6,650-6,700/100Kg at benchmark market Akola.

Resellers were sidelined; will actively sell once the price rises.

Buyers are cautious as supplies of around 50,000 tons of Tur are expected to reach India (Chennai port) from Burma, along with 1.5 Lakh tons from Africa.

As per market sources, fluctuation in Tur prices largely depends on Government agency’s approval of Tur tender bids in coming days.

Tur ( Prices In Rs /100Kg )
Market Variety 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Mumbai Lemon 6150 6200 6500 5200
Akola Desi Bilty 6650-6700 6450-6500 6850-6900 5900-5925
Gulbarga Desi Closed 6400-6500 NA 5700-5800
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Akola Phatka 9500-9700 9400-9600 9900-10100 8500-8700
Gulbarga Phatka Closed 9200-9600 NA 8500-8900
Katni Phatka 9500-9600 9100-9200 9900-10000 8400-8600


Burma Urad:

Price of Burma Urad FAQ new variety fell by Rs 50 at Rs 7,550/100Kg, in Mumbai, due to slack millers' trade, ongoing domestic arrivals and thin offtake in processed Urad despite less imported stock.

Mills are operating at almost 50 per cent capacity because demand has declined. Bulk purchases from hotels, eateries and for weddings halved this season. The drop in demand is very significant this season forcing processing units to cut down.

On the other hand, Burma Urad FAQ/SQ varieties in Chennai traded flat at Rs 7,750/100Kg and Rs 8,750, respectively.

As per Burma based trader, around 20-25 containers of Urad FAQ have been traded for India (Chennai) at $840-$845 per metric ton on FOB basis against December payment condition.

Sentiments are still under pressure as Government has taken several steps towards cooling off the prices--by giving import quota, liquidating old procured stock and releasing buffer stock at subsidised rates to the states for retail sale.

As per the notification each eligible and verified importer shall be allowed to import 97 MTs approximately. Some millers and importers have started getting licenses from government. But buyers aren’t interested in importing.

The government has entered a five-year MoU with Myanmar for imports of 2.5 lakh tons of 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 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Mumbai FAQ FAQ 7550 7600 7700 7600
Chennai FAQ 7750 7750 7800-7850 7700
Chennai SQ 8750 8750 8900 8650
Jalgaon Desi Closed 7450-7850 7450-7875 7450-8000
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Mumbai 9800-10500 9800-10500 9800-10500 10200-10300


Chana Kantewala (Indore):

Chana prices moved higher by Rs 75 at Rs 5,250-5,275/100Kg in Indore, amid mill buying activity and declining stocks with NAFED.

Prices are trading firm on depleting stocks with millers and stockists amid steady rise in demand. Supply market was expecting a bargain buy from Nafed tenders but instead the agency is not letting go off the stocks at lower prices and by far have rejected all incoming bids.

Chana prices are on solely dependent on Nafed tenders.

Moreover, Nafed’s announcement for sale of chana From Jaipur, Indore & Ahmedabad past week has been kept on hold due to impending requirement of buffer & Other Schemes. Chana sales will continue in Maharashtra, Karnataka, and AP & Telangana.

Chana dal and besan demand has, reportedly, been improving in major consumption markets.

Tanzania-origin Chana, in Mumbai, gained Rs 25 at Rs 5,075/100Kg.

On other hand, Sudan and Russia-origin Kabuli Chickpea was unchanged, each, at Rs 5,250 and Rs 5,150, respectively.

Chana ( Prices In Rs / 100Kg )
Market Variety 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Mumbai Australia NA NA NA 4375
Tanzania 5075 5050 5150 4351
Burma NA NA NA 4300
Indore Katewala 5250-5275 5175-5200 5200-5225 4450
Delhi Rajasthan origin 5300-5325 5250-5260 5325 4650
Akola 5275-5300 5175-5200 5325-5350 4550-4575
Bikaner 5100 5100-5125 5150 4450
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Akola 6200-6700 6000-6800 6200-6800 5100-5700
Indore 6300-6800 6200-6600 6400-6800 NA
Jaipur 6175-6200 6125-6150 6225 5450-5500
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Mumbai 3775 3725 3750 3160
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Indore 40-42 NA NA NA 6500
42-44 Closed 6900 7050 6300
44-46 Closed 6750 6900 6250
Dollar Closed 6000-6600 6300-7000 5500-6300
Mumbai Sudan 5251 5250 5350 4400
Ethiopia NA NA NA 4325
Russia 5150 5150 5250 4300
Burma NA NA NA 4400


Imported Masoor (Mumbai):

Canada crimson variety and Australia-origin Masoor in Mumbai widened losses by Rs 25 at Rs 5,100-5,175/100Kg and Rs 5,275, respectively in Mumbai.

Similarly, Canada crimson variety Masoor at Mundra and Hazira port also fell Rs 25 each at Rs 5,100/100kg, respectively.

Moreover, availability of imported raw and processed Masoor stocks at cheaper rates, slower offtake in processed Masoor and expectations of more imports due to extension of 10% Concessional Duty to 31st December, 2020 has dampened the sentiments.

Masoor production may rise as compared to previous year due to good sowing and favourable weather conditions.

Vessel M V NORD BERING carrying 38,000 tonnes of Canada Masoor arrived at Kakinada Port on 31st October, 2020.

Vessel M V Star Crios carrying 38,000 tonnes of Masoor from Canada is likely to reach India (Mundra) in near future.

As per market sources, Vessel M.V. Darya Jaya and M.V. Aragona carrying Masoor from Canada is likely to reach India.

Masoor ( Prices In Rs / 100Kg )
Market Variety 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Mumbai Canada 5100-5175 5125-5200 5100-5225 4200-4325
Australia 5275 5275-5300 5325 4350
Mundra Canada 5100 5125 5050 NA
Hajira Canada 5100 5125 5100 NA
Kolkata Canada 5250-5350 5300-5400 5250-5350 4650
Australia 5400-5600 5500-5650 5400-5600 4650
Indore Desi 5200-5250 5250-5300 5300 4450-4500
Raipur Desi 5300 5300-5350 5400-5450 4650
Kanpur Desi 5725 5650 5725 4700
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Khopoli 6350 6350 6350 5350-5400
Katni NA NA NA 5250-5275


Imported White Pea (Mumbai):

White Pea prices gained for the third straight week by Rs 100 to Rs 6,750/100Kg at Kanpur market on selected demand from local and outstation markets, for graded quality White Pea.

Similarly, Canada origin White Pea traded higher by Rs 275 to Rs 6,501/100Kg in Mumbai, as per quality.

On the other hand, price of White pea, besan and dal remained steady at Rs 3,850/100Kg and Rs 7,000, respectively amid limited buying despite shortage.

Moreover, crushing of White Pea for making dal and besan by mills was less interesting, due to unavailability of White Pea. Major Mills have halted their crushing activity in White Pea.

White Pea ( Prices In Rs / 100Kg )
Market Variety 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Mumbai Canada 6501 6225 6200 4751
Kolkata Canada 6850 NA NA 5100
Kanpur 6750 6650 6500 5050
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Mumbai 3850 3850 3900 3100
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Mumbai 7000 7000 7100 5600


Moong (Jaipur):

Moong prices were priced firm by Rs 100 at Rs 7,800-7,900/100Kg in Jaipur market of Rajasthan, as per quality, amid mill buying on immediate requirement for crushing.

On other hand, processed Moong was unchanged at Rs 8,400-8,500/100Kg due to thin participation at demand and sale counters consumption centres as major markets closed on the occasion of Diwali.

The Directorate General of Foreign trade (DGFT) has allotted quota for import of 1.5 Lakh MTs of moong for the fiscal year 2020-21, until 31st March 2021.

Meanwhile, Government procurement of new Kharif Moong, at MSP, is snail-paced as good quality Moong prices traded above MSP of Rs 7,196 in spot markets.

Millers are interested in purchase of good quality moong for immediate requirement for crushing and polishing.

Arrivals and supplies stocked in godowns, meanwhile, are enough to offset current requirements.

Moong ( Prices In Rs / 100Kg )
Market Variety 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Jaipur Kharif 7800-7900 7700-7800 7700-7800 6200-6500
Harda Summer Closed 5500-8150 NA 6400-6850
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 13-Nov-20 07-Nov-20 31-Oct-20 13-Nov-19
Jaipur 8400-8500 8400-8500 8400-8500 8400
Gulbarga Closed 9100-9200 NA 9200
Akola NA NA NA 7500-8000

Nafed Procured Moong As On 11 Nov, 2020
State MT
Tamil Nadu 46.35
Haryana 1030.65
Maharashtra 281.85
Rajasthan 1549.44
Total 2908.29


(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  

Latest Special Reports
Weekly: Most Pulses Extend Weakness, Barring White Pea
Weekly: Most Pulses Weaken, Barring White Pea
Urad (Chennai) (Spot) Consolidating Near Short-term S...
Tur (Mumbai) (Spot) Weak Price Trend / May Retest Sup...
Urad (Chennai) vs. Tur (Mumbai) - Spread Chart Analysis...
more
Top 5 News
USD/INR (Dec 20) Bearish Price Trend / May Retest Se...
USD/INR (Dec 20) Bearish Price Trend / May Retest Se...
Weekly: Most Pulses Extend Weakness, Barring White Pea
Weekly: ICE Cotton Manages Positive Closing Amid Robust...
Weekly: NY Sugar Slips in Red amid Higher Global Supply...
Top 5 Market Commentary
Cotton Arrival
Karnataka Cotton Prices Extend Weakness on Third Straig...
Maharashtra Cotton Prices Hold Steady amid Restricted D...
Rajasthan Cotton Prices Mostly Unchanged amid Poised Ar...
Malaysia Rubber Physical Prices (Sen/Kg) 02, Decembe...
Copyright © CC Commodity Info Services LLP. All rights reserved.