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Weekly: Most Pulses Weaken, Barring White Pea

23 Nov 2020 7:51 am
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MUMBAI (Commodities control) – Major pulses, such as Tur, Urad, Chana, Kabuli Chickpea, Moong and Masoor slipped for the week ended 21st November amid slack mill buying activity. Only White Pea prices extended gains on better buying.

Weekly Highlights

# India's Rabi pulses sowing were up by 27.91% as on November 20 to 82.59 lakh hectare vs 64.57 lakh hectares during the same period last year.
# Peas & Masoor Are Latest to Be Hit by Container Shortage - Bloomberg.

Rabi Chana Sowing Up 30.07 % As On Nov 18 Vs Same Period Last Yr (LAKH HA)
State Area Sown In Lakh Hectare 2020-2021 Area Sown In Lakh Hectare 2019-2020
Rajasthan 16.75 15.57
Madhya Pradesh 16.25 10.96
Karnataka 7.96 7.38
Uttar Pradesh 5.24 4.57
Maharashtra 5.61 1.2
Andhra Pradesh 1.85 2.7
Gujarat 2.28 0.26
Total 57.44 44.16
Rabi Masoor Sowing Up 29.96 % As On Nov 18 Vs Same Period Last Yr (LAKH HA)
Madhya Pradesh 3.91 2.37
Uttar Pradesh 4.85 4.07
Total 9.76 7.51
Rabi Field Pea Sowing Up 26.97 % As On Nov 18 Vs Same Period Last Yr (LAKH HA)
Madhya Pradesh 1.67 1.27
Uttar Pradesh 4.5 3.66
Total 6.78 5.34
Rabi Urad Sowing Up 13.23 % As On Nov 18 Vs Same Period Last Yr (LAKH HA)
Andhra Pradesh 0.38 0.33
Tamil Nadu 1.22 1.13
Total 2.14 1.89
Rabi Moong Sowing Down 30.65 % As On Nov 18 Vs Same Period Last Yr (LAKH HA)
Tamil Nadu 0.18 0.36
Odisha 0.2 0.18
Total 0.43 0.62


Burma Lemon Tur:

Tur Lemon variety of Burma-origin new weakened by Rs 250/100kg to Rs 5,900/100Kg, in Mumbai, on thin buying from millers as demand and sale counters in processed Tur was thin from consumption centers.

Also, Nafed Approved Bid of 510 MT Tur Kharif 2019 at Rs 6,201/100Kg in Maharashtra on 21st November, 2020.
In the forward trade, commodity was quoted weak to Rs 5,750 for November delivery.

Similarly, domestic variety Tur traded lower by Rs 250 to Rs 6,400-6,450/100Kg at benchmark market Akola.

Regular supplies of cheaper Tur from Africa, Government agencies actively liquidating stocks, along with resellers being active in the market has kept prices under pressure.

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

Government tenders of dal are expected in the near future from states of Gujarat and Tamil Nadu.

As per Burma-based local trader, arrivals of new Tur crop is expected to begin within fortnight. New crop is expected to be around 3 Lakh tonnes. Carry over stock is approximately 1 lakh tonnes.

Tur ( Prices In Rs /100Kg )
Market Variety 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Mumbai Lemon 5900 6150 6200 5000
Akola Desi Bilty 6400-6450 6650-6700 6450-6500 5725-5750
Gulbarga Desi 6400-6500 Closed 6400-6500 5500-5600
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Akola Phatka 9200-9400 9500-9700 9400-9600 8400-8500
Gulbarga Phatka 9000-9400 Closed 9200-9600 8100-8500
Katni Phatka 9200-9300 9500-9600 9100-9200 8200-8400


Burma Urad:

Price of Burma Urad FAQ new variety extended fall by Rs 150 at Rs 7,400/100Kg, in Mumbai, due to slack millers' trade, ongoing domestic arrivals and thin offtake in processed Urad despite less imported stock.

Similarly, Burma Urad FAQ/SQ varieties in Chennai traded lower by Rs 350-450 at Rs 7,400/100Kg and Rs 8,300, respectively.

Moreover, sentiments were dampened as Urad prices quoted lower in forward business at Chennai. Arrival of new Urad is likely to commence from next month at Dindigul / Thanjavur (Tamil Nadu) and Machilipatnam (Andhra Pradesh).

Supplies of new Urad crop have begun in Chandausi (Uttar Pradesh). As per local trader, crop is similar compared to last year and arrivals are likely to continue for 2-2.5 months.

As per Burma based local trader new Urad crop is likely to start from January. Carry over stock is around 1.5-2 Lakh tonnes.

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 rate to the states for retail sale.

DGFT allocated import quota of Urad 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. Some millers and importers have started getting license from government. But, no buyers are interested in importing.

The government has entered a five-year MoU with Myanmar for imports of 2.5 lakh tonnes of urad.

Urad ( Prices In Rs / 100Kg )
Market Variety 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Mumbai FAQ FAQ 7400 7550 7600 7250
Chennai FAQ 7400 7750 7750 7450-7500
Chennai SQ 8300 8750 8750 8200-8250
Jalgaon Desi 7350-7800 Closed 7450-7850 7450-7850
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Mumbai 9700-10300 9800-10500 9800-10500 9800-10100


Chana Kantewala (Indore):

Chana prices declined by Rs 100 at Rs 5,150-5,175/100Kg in Indore, on thin mill buying activity against aggressive reselling from stockiest of average quality despite declining stocks with NAFED.

Prices are weak on the back of lower demand in Besan and Chana dal. It has been falling since the announcement of tenders from FCI and NAFED for Chana sale.

However, both have not accepted any bids placed so far that has confused the market about the appropriate prices levels.

On the other hand, Tanzania-origin Chana, in Mumbai, was priced nearly unchanged at Rs 5,050-5,075/100Kg.

Similarly, Sudan and Russia-origin Kabuli Chickpea was also steady, each, at Rs 5,225-5,250 and Rs 5,125-5,150, respectively.

Chana ( Prices In Rs / 100Kg )
Market Variety 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Mumbai Australia NA NA NA 4350
Tanzania 5050-5075 5075 5050 4300
Burma NA NA NA 4351
Indore Katewala 5150-5175 5250-5275 5175-5200 4325-4350
Delhi Rajasthan origin 5225 5300-5325 5250-5260 4500
Akola 5150-5175 5275-5300 5175-5200 4450-4475
Bikaner 5050 5100 5100-5125 4350
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Akola 6100-6500 6200-6700 6000-6800 5100-5700
Indore 6200-6700 6300-6800 6200-6600 NA
Jaipur 6075 6175-6200 6125-6150 5400-5450
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Mumbai 3700 3775 3725 3125-3150
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Indore 40-42 NA NA NA 6600
42-44 6950 Closed 6900 6400
44-46 6800 Closed 6750 6300
Dollar 6200-6800 Closed 6000-6600 5500-6200
Mumbai Sudan 5225-5250 5251 5250 4350
Ethiopia NA NA NA 4275
Russia 5125-5150 5150 5150 4300
Burma NA NA NA 4400


Imported Masoor (Mumbai):

Canada crimson variety and Australia-origin Masoor in Mumbai widened losses by Rs 50-75 at Rs 5,025-5,125/100Kg and Rs 5,200-5,225, respectively in Mumbai.

Similarly, Canada crimson variety Masoor at Mundra and Hazira port also fell Rs 75-100 each at Rs 5,000/100kg and Rs 5,025, respectively.

Moreover, Availability of imported raw and processed Masoor stocks, thin offtake in processed Masoor has dampened the sentiments.

Vessel M V NORD BERING carrying Masoor has completed discharge at Kakinada port and Vessel M V STAR CRIOS at Mundra Port.

Moreover, two vessels - M.V. Darya Jaya and M.V. Aragona carrying Masoor from Canada will discharge its cargo to Bangladesh.

Progress in sowing was reported due to favourable weather conditions.

Masoor ( Prices In Rs / 100Kg )
Market Variety 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Mumbai Canada 5025-5125 5100-5175 5125-5200 4250-4350
Australia 5200-5225 5275 5275-5300 4400
Mundra Canada 5000 5100 5125 NA
Hajira Canada 5025 5100 5125 NA
Kolkata Canada 5150-5300 5250-5350 5300-5400 4625
Australia 5400-5550 5400-5600 5500-5650 4675
Indore Desi 5200-5250 5200-5250 5250-5300 4425-4450
Raipur Desi 5200-5250 5300 5300-5350 4550
Kanpur Desi 5725 5725 5650 4600
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Khopoli 6300 6350 6350 5200-5250
Katni NA NA NA 5100-5125


Imported White Pea (Mumbai):

White Pea prices gained for the fourth straight week by Rs 350 to Rs 7,100/100Kg at Kanpur market on demand from local and outstation markets, for graded quality White Pea.

Similarly, Canada origin White Pea traded higher by Rs 150 to Rs 6,650/100Kg in Mumbai, as per quality.

On the other hand, price of White pea, besan and dal remained weak by Rs 50-200 at Rs 3,800/100Kg and Rs 6,800, respectively amid thin 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 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Mumbai Canada 6650 6501 6225 4621
Kolkata Canada 7000 6850 NA 4950
Kanpur 7100 6750 6650 4700
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Mumbai 3800 3850 3850 3051
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Mumbai 6800 7000 7000 5300


Moong (Jaipur):

Moong prices declined by Rs 200 to Rs 7,600-7,700/100Kg at Jaipur market of Rajasthan, as per quality, amid thin mill buying and ongoing arrivals.

Moreover, demand and sale counters in processed Moong reported slow participation.

Millers were processing average quality moong for government dal tender for PDS distribution. Arrivals and supplies stocked in godowns, meanwhile, are enough to offset current requirements.

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.

Moong ( Prices In Rs / 100Kg )
Market Variety 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Jaipur Kharif 7600-7700 7800-7900 7700-7800 6600-6800
Harda Summer 5300-8050 Closed 5500-8150 6200-6900
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 21-Nov-20 13-Nov-20 07-Nov-20 21-Nov-19
Jaipur 8200-8300 8400-8500 8400-8500 8700-8800
Gulbarga 8900-9000 Closed 9100-9200 8800
Akola NA NA NA 7500-8000


(By Commodities control Bureau; +91 9820130172)

       
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