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Weekly: Moong-White Pea Edges Higher, Tur-Masoor Soften; Sluggish Demand In Dals

11 Jan 2021 10:02 am
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MUMBAI (Commodities control) – Urad, Chana, Moong and White Pea headed northward for the week ended 9th January, 2021 amid mills’ buying at prevailing rates. On the other hand, Tur and Masoor prices remained weak due to slack millers’ trade.
Demand and sale counters in processed pulses reported thin participation from wholesale-retail counters due to less consumption in dal because of cheaper vegetables prices during winter period.

Weekly Highlights

# India's Rabi pulses sowing were up by 4.53% as on January 8 to 159.58 lakh hectare vs 152.67 lakh hectares during the same period last year.
# The Indian government has decided to renew its agreement with Mozambique to import their Tur for a further five years.
# Discount upto maximum of 5 to 10% over MSP of Rs 4,875 is offered in sale of Chana PSS Rabi 2020 by Nafed. The discount percentage will depend on the location of the stock.
# November Shipments of Masoor from Canada dropped 34% at 237,823 MT, as compared from the 359,828 MT with last month, data from Statistics Canada shows.
# Canada red Masoor export in December month down 40%, compared to the previous month in November, the most recent data from Statistics Canada reveals. Export sales for the month totalled 140,429 MT, down from 233,833 MT the previous month. This boosted shipments so far during the marketing year to 648,989, up 68% last year.
# Export shipments of green Canada Masoor in December dropped on monthly basis as per data from Statistics Canada shows. Export sales for the December month reached 48,461 MT, down 23% from 62,804 MT the previous November month. This boosted movement so far during the marketing year to 188,076, up 47% last year.
# Madhya Pradesh has procured over 3.3 mln tons of key kharif crops--jowar, bajra, and paddy so far in 2020-21 (Jul-Jun) under the price support scheme.

Rabi Chana Sowing Up 4.43 % As On Jan 6 Vs Same Period Last Yr (LAKH HA)
State Area Sown In Lakh Hectare 2020-2021 Area Sown In Lakh Hectare 2019-2020
Rajasthan 20.68 21.38
Madhya Pradesh 25.73 27.35
Karnataka 11.75 12.26
Uttar Pradesh 5.85 5.87
Maharashtra 22.94 19.66
Andhra Pradesh 3.49 4.54
Gujarat 8 3.64
Chhattisgarh 4.08 3.56
Total 108.39 103.79
Rabi Masoor Sowing Up 3.22 % As On Jan 6 Vs Same Period Last Yr (LAKH HA)
Madhya Pradesh 4.99 4.81
Uttar Pradesh 6 6.03
Bihar 2.18 2.04
West Bengal 1.52 1.53
Total 16.37 15.86
Rabi Field Pea Sowing Down 1.68 % As On Jan 6 Vs Same Period Last Yr (LAKH HA)
Madhya Pradesh 2.61 2.57
Uttar Pradesh 5.28 4.63
Total 10.51 10.69
Rabi Urad Sowing Up 13.02 % As On Jan 6 Vs Same Period Last Yr (LAKH HA)
Andhra Pradesh 2.67 2.42
Tamil Nadu 2.59 2.44
Odisha 1.43 1.12
Total 7.12 6.3
Rabi Moong Sowing Up 58.18 % As On Jan 6 Vs Same Period Last Yr (LAKH HA)
Tamil Nadu 0.32 0.43
Odisha 3.31 1.43
Andhra Pradesh 0.51 0.68
Total 4.35 2.75


Burma Lemon Tur:

Tur Lemon variety of Burma-origin fell by Rs 100 to Rs 5,600/100Kg, in Mumbai on cautious mill buying, at higher rates

Similarly, domestic variety Tur also fell by Rs 50 at Rs 6,000-6,050/100Kg at benchmark market Akola.

Sentiments are still under pressure on availability of Africa origin Tur stock at cheaper rates, ongoing new domestic arrivals and government actively liquidating old procured stock.

Government organisations in Karnataka has started selling last year’s tur stocks in the open market at rates below MSP and this has worried farmers as they fear that, they too, may have to sell for less rates.

Meanwhile, weather concern in key Tur producing belts was witnessed due to rainfall and cloudy weather. Arrivals may be delayed and also quality will get affected.

Arrivals of new Tur in domestic market continue to be below expectations. New Tur crop was expected to be lesser as compared to last year, due to fewer yields.

Market will keep a close eye on the pace of arrivals in Tur producing belt, after the festival of Makar Sankranti.

Arrivals of new Tur began in Vidarbha belt of Maharashtra. But moisture content was higher between 17-22% and mixture of 3-4% green variety.

Government procurement is expected to begin in current month at MSP of Rs 6000/100Kg may support Tur prices.

Moreover, less stock of old procured Tur was reported with government agencies.

Tur ( Prices In Rs /100Kg )
Market Variety 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Mumbai Lemon 5600 5700 5550-5575 4950
Akola Desi Bilty 6000-6050 6050-6100 5700-5800 5225-5250
Gulbarga Desi 5700-5900 5700-5900 5700-5800 4800-5100
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Akola Phatka 8600-8800 8600-8800 8600-8800 7900-8000
Gulbarga Phatka 8800-9200 8600-9000 8800-9200 7800-8200
Katni Phatka 8500-8600 8500-8600 8600-8700 7800-8000


Burma Urad:

Prices of Burma Urad FAQ variety gained Rs 100 at Rs 7,200/100Kg, in Mumbai, due to selected millers' trade on immediate requirement for crushing and less imported stock.

Similarly, Burma Urad SQ variety in Chennai moved higher by Rs 100 at Rs 8,000/100Kg, while FAQ variety was priced unchanged at Rs 7,300.

Moreover, monthly demand and sale counter in processed Urad was witnessed at lower rates from wholesale and retail counters.

However, Nafed actively liquidated its procured old Kharif Urad in Madhya Pradesh.

Meanwhile, regular arrivals of Urad reported at Kurnool and Ongole Prakasam districts of Andhra Pradesh.

Urad arrivals are likely to begin after mid of January, 2021 at Nellore district.

Krishnur district arrivals of new Urad will begin from February end 2021.

Urad ( Prices In Rs / 100Kg )
Market Variety 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Mumbai FAQ FAQ 7200 7050-7100 7000 7050
Chennai FAQ 7250 7250 7200-7250 7325-7350
Chennai SQ 8000 7900 7900 7925-7950
Jalgaon Desi 7350-7550 7200-7550 7300-7550 7200-7400
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Mumbai 10300-10400 9300-9800 9300-9800 9400-9900


Chana Kantewala (Indore):

Chana prices moved higher by Rs 75 at Rs 4,675-4,700/100Kg in Indore on mill buying activity on immediate requirement for crushing.

Chana prices traded higher as more rains poured in key crops zone in Madhya Pradesh and Rajasthan which led to worries about damage to standing crop.

Key point in favour of more buying in spot is that the majority of millers are currently at lower end of stocks due to end of seasons and massive fall in prices. From here, any demand could trigger cumulative buying from major counters.

Sowing is progressing well and was 4.43% higher at 108.39 lakh Ha on Jan 6 Vs 103.79 lakh Ha in the similar period last year.

But, weather concerns in key Chana growing states continue to play spoil sport on recorded gram acreage.

Arrivals of new Chana were witnessed at Latur, Solapur and Rajkot market.

However, demand and sale counter in Chana dal-besan reported thin.

Moreover, Chana prices are pressurised due to government holding procured stock.

Tanzania-origin Chana, in Mumbai, gained Rs 75 at Rs 4,375/100Kg.

On other hand, Russia and Sudan-origin Kabuli Chickpea prices traded each, at Rs 4,450 respectively, while dollar variety Chana ruled higher by Rs 100 at Rs 6,000-6,400/100Kg in Indore.

Chana ( Prices In Rs / 100Kg )
Market Variety 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Mumbai Australia NA NA NA 4300
Tanzania 4375 4300 4300 4300
Burma NA NA NA 4050
Indore Katewala 4675-4700 4600 4550-4575 4400
Delhi Rajasthan origin 4775 4700 4550-4575 4550
Akola 4525-4550 4400-4425 4375-4400 4400-4425
Bikaner 4525 4400 4400 4370
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Akola 5500-5900 5500-5800 5400-5800 5100-5600
Indore 5500-6200 5500-6100 5500-6200 NA
Jaipur 5325-5350 5150-5175 5150-5175 5200-5300
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Mumbai 3450 3425 3425 3160
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Indore 40-42 NA NA NA 6750
42-44 6450 6450 6250 6550
44-46 6300 6350 6100 6400
Dollar 6000-6400 5800-6300 6000-6300 6000-6300
Mumbai Sudan 4450 4550 4450-4475 4300
Ethiopia NA NA NA 4250
Russia 4450 4450 4350-4375 4200
Burma NA NA NA 4250


Imported Masoor (Mumbai):

Canada crimson variety Masoor in Mumbai was priced higher by Rs 50 at Rs 5,000-5,150/100Kg on selected millers trade. Meanwhile, Australia origin Masoor slipped Rs 50 to Rs 5,225, respectively in Mumbai.

Masoor prices gained last week on speculative buying as import duty of Masoor from Canada is 33% and from USA 55% because no extension has been given on reduced duty import by the Government of India.

Similarly, Canada crimson variety Masoor at Kandla-Mundra port also fell each by Rs 100 at Rs 4,950/100kg and Rs 4,975, respectively, while at Kandla it was priced Rs 75 lower at Rs 5,000/100Kg.

Availability of imported stock, rise in sowing area this year and slow offtake in Masoor dal has pressurised sentiments.

Moreover, Nafed actively liquidated its procured old Rabi Masoor in Madhya Pradesh.

Sowing is also progressing well and was 3.22% higher at 16.37 lakh Ha on Jan 08 Vs 15.86 lakh Ha in the similar period last year.

Vessel M V PATRICK carrying 30520 tonnes of Australia Nipper Variety Masoor arrived at Kolkata Port on 30th December, 2020 and started discharging its cargo.

Masoor ( Prices In Rs / 100Kg )
Market Variety 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Mumbai Canada 5000-5150 5075-5100 4881-4975 5051
Australia 5225 5275 5075 5100
Mundra Canada 4975 5075 4871-4881 4875
Hajira Canada 5000 5075 4871-4881 4825
Kandla Canada 4950 5050 4825-4831 NA
Kolkata Canada 5000-5100 5000-5100 4900-5000 5100
Australia 5200-5300 5200-5350 5200-5300 5250
Indore Desi 5175-5200 5150-5200 4950 4950
Raipur Desi NA NA NA 5000-5050
Kanpur Desi 5500 5500 5350 5225
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Khopoli 6150 6000 6000 5800-5850
Katni NA NA NA 5600


Imported White Pea (Mumbai):

Canada origin White Pea traded higher for the third straight week, by Rs 100 at Rs 7,601/100Kg in Mumbai, as per quality.

Similarly, White Pea prices gained Rs 50 at Rs 6,600/100Kg at Kanpur market on buying activity.

Meanwhile, Rabi Field Pea Sowing dropped 1.68 % As On Jan 6 Vs Same Period Last Yr (LAKH HA).

Price of White pea, besan and dal also moved up at Rs 4,200/100Kg and Rs 7,600, respectively, amid buying activity and 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.

Customs department has not released the imported pulses yet, as the release will contradict government’s existing policy.

White Pea ( Prices In Rs / 100Kg )
Market Variety 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Mumbai Canada 7601 7501 7025 5450
Kolkata Canada 7600 7500 7200 5450-5550
Kanpur 6600 6550 6500 5700
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Mumbai 4200 4100 3800 3950
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Mumbai 7600 7500 6800 6450


Moong (Jaipur):

Moong prices gained by Rs 200 at Rs 7,500-7,600/100Kg at Jaipur market of Rajasthan, as per quality, amid fresh mill buying of superior quality and ongoing arrivals.

Moreover, demand and sale counters in processed Moong reported good participation and traded Rs 400 higher at Rs 8,300-8,400/100Kg.

As on January 6, 2021, NAFED has successfully procured 10, 824.9 MT of Moong at Minimum Support Price of Rs 7,196.

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 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Jaipur Kharif 7500-7600 7300-7400 7400-7500 7200-7600
Harda NA 5200-8150 NA 7400-7750
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 09-Jan-21 02-Jan-21 26-Dec-20 09-Jan-20
Jaipur 8300-8400 7900-8000 8000-8100 8700-8800
Gulbarga 9400-9500 9200-9300 9400-9500 9500
Akola NA NA NA 8000-8500


(By Commodities control Bureau; +91 9820130172)

       
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