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Weekly: Most Pulses Weaken on Lacklustre Demand, Tur Price Rallies Higher

1 Feb 2021 9:55 am
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MUMBAI (Commodities control) – Major pulses, such as Urad, Chana, Moong and Masoor slipped for the week ended 30th January amid slack mill buying activity. Only Tur prices extended gains on further buying.

Weekly Highlights

# India's Rabi pulses’ sowing was up by 2.77% as on January 29 to 167.38 lakh hectare vs 162.87 lakh hectare during the same period last year.
# Above Normal Rain Likely for India, Global Agencies See Strong Start to Monsoon 2021.
# Farmers Relieved As Tur Trades Above MSP in Maharashtra, Chana Growers Worried Though.

Rabi Chana Sowing Up 4.37 % As On Jan 27 Vs Same Period Last Yr (LAKH HA)
State Area Sown In Lakh Hectare 2020-2021 Area Sown In Lakh Hectare 2019-2020
Rajasthan 21.24 21.38
Madhya Pradesh 25.75 27.38
Karnataka 11.75 12.26
Uttar Pradesh 5.85 5.87
Maharashtra 24.53 21.79
Andhra Pradesh 4.12 4.56
Gujarat 8.19 3.78
Chhattisgarh 4.37 4.11
Total 112 107.31
Rabi Masoor Sowing Up 2.54 % As On Jan 27 Vs Same Period Last Yr (LAKH HA)
Madhya Pradesh 5 4.82
Uttar Pradesh 6 6.03
Bihar 2.25 2.11
West Bengal 1.53 1.56
Total 16.54 16.13
Rabi Field Pea Sowing Down 2.55 % As On Jan 27 Vs Same Period Last Yr (LAKH HA)
Madhya Pradesh 2.61 2.57
Uttar Pradesh 5.28 4.63
Total 10.69 10.97
Rabi Urad Sowing Up 7.29 % As On Jan 27 Vs Same Period Last Yr (LAKH HA)
Andhra Pradesh 3.18 2.76
Tamil Nadu 2.65 2.57
Odisha 1.77 1.83
Total 8.09 7.54
Rabi Moong Sowing Down 1.05 % As On Jan 27 Vs Same Period Last Yr (LAKH HA)
Tamil Nadu 0.32 0.44
Odisha 5.16 5.07
Andhra Pradesh 0.82 0.87
Total 6.59 6.66


Burma Lemon Tur:

Tur Lemon variety of Burma-origin extended gains by Rs 25-50 to Rs 5,975-6,000/100Kg in Mumbai, on improved mill buying.

Similarly, domestic variety of Tur moved higher by Rs 125 at Rs 6,250-6,275/100Kg at benchmark market Akola.

However Tur dal prices are yet to witness improvement as compared with raw Tur, as demand and sale counters in Tur dal reported thin action due to less consumption in dal. The price rally is mainly stockists’-driven, as they are accumulating supplies in anticipation of a shortage due to lower than expected yields.

Traders and farmers attribute the crop loss to unseasonal rains. Per acre yield of the crop, which is normally in the range of 6-7 quintals, has now dipped to 3-4 quintals.

As per market sources, Nafed has stopped selling Tur from 30th January, 2021 onwards. Nafed holding Tur stock around 1,34,500 MT as on 7th January.

Government procurement of tur is likely to receive poor response as farmers prefer to offload their produce in open markets than at the government procurement centers.

Farmers are holding on to their produce in hope of better realisation in open markets.

Market participants are still in anticipation of rising arrivals in Vidarbha (Maharashtra) from February 1st week.

Prices may get further support if arrivals’ pace does not pick up in coming days.

Tur ( Prices In Rs /100Kg )
Market Variety 30-Jan-21 23-Jan-21 16-Jan-21 30-Jan-20
Mumbai Lemon 5975-6000 5950 5800 4850
Akola Desi Bilty 6250-6275 6125-6150 6100-6150 4975-5000
Gulbarga Desi 5900-6200 5900-6100 5800-6000 4600-4900
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 30-Jan-21 23-Jan-21 16-Jan-21 30-Jan-20
Akola Phatka 8600-8700 8600-8800 8600-8800 7600-7700
Gulbarga Phatka 8700-9100 8800-9200 8600-9000 7400-7800
Katni Phatka 8700-8800 8600-8700 8600-8700 7500-7600


Burma Urad:

Prices of Burma Urad FAQ variety remained steady at Rs 7,525/100Kg in Mumbai, due to limited millers' trade activity against less imported stock.

On other hand, Burma Urad FAQ-SQ varieties in Chennai fell each by Rs 150 at Rs 7,450/100Kg and Rs 8,450, respectively. Ready stock of Urad in Chennai was around 12,000-15,000 MT.

Moreover, demand and sale counter in processed Urad was slack at higher rates from wholesale and retail counters.

In Burma, Urad FAQ-SQ varieties ruled weak due to slack trade activity from local and overseas. India buyers interested to purchase at lower rates.

Meanwhile, charges of containers are higher due to shortage.

Ongoing arrivals of Urad reported at Kurnool, Ongole Prakasam and Nellore districts of Andhra Pradesh.

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

However damage to urad crops in Andhra Pradesh-Tamil Nadu and no overseas supply pressure is likely to support Urad prices in near future.

Urad ( Prices In Rs / 100Kg )
Market Variety 30-Jan-21 23-Jan-21 16-Jan-21 30-Jan-20
Mumbai FAQ FAQ 7525 7525 7250 7000
Chennai FAQ 7450 7600 7350 7200
Chennai SQ 8450 8600 8050-8100 7900-7950
Jalgaon Desi 7600-8050 7600-8000 7375-7600 6975-7450
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 30-Jan-21 23-Jan-21 16-Jan-21 30-Jan-20
Mumbai 9900-10900 9900-10900 9500-10300 9300-9800


Chana Kantewala (Indore):

Chana prices ruled weak by Rs 50 at Rs 4,600/100Kg in Indore on thin mills’ buying activity.

Chana dal and besan demand is quite dull to create any movement from current price levels. Lack of seasonal demand due to pandemic is the prime season.

Moreover, standing crops look stable, backed by weather in key crop regions. It has increased the probability of higher crop output this season.

Chana growers are concerned as the pulse continues to trade below its MSP of Rs 5,100/100Kg.

Arrivals have already started; the pulse is now trading at Rs 4,400/100Kg as against its MSP of Rs 5,100/100Kg.

Government needs to speed up its plans for chana procurement, otherwise the farmers will not be able to realise MSP for their produce.

Nafed sees to sell its Chana stocks. As per market sources, Nafed is holding Chana stocks of around 13,10,421 MT, as on 7th January.

Tanzania-origin Chana, in Mumbai, slipped Rs 125 at Rs 4,225/100Kg.

Similarly, Russia and Sudan-origin Kabuli Chickpea prices traded lower by Rs 100-125 each, at Rs 4,350-4,375/100Kg and Rs 4,250-4,450, respectively, while dollar variety Chana ruled unchanged at Rs 5,800-6,200/100Kg in Indore.

With good crop conditions, approaching arrivals season and reduced demand, Chana prices are likely to be under pressure.

Chana ( Prices In Rs / 100Kg )
Market Variety 30-Jan-21 23-Jan-21 16-Jan-21 30-Jan-20
Mumbai Australia NA NA NA NA
Tanzania 4225 4350 4250-4275 4050-4100
Burma NA NA NA 3900
Indore Katewala 4600 4600-4650 4450-4475 4100-4125
Delhi Rajasthan origin 4675 4750-4775 4625 4300
Akola 4425-4450 4475-4500 4425-4450 4050-4075
Bikaner 4500 4500-4525 4450 4075
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 30-Jan-21 23-Jan-21 16-Jan-21 30-Jan-20
Akola 5500-5800 5400-5800 5500-5800 4800-5400
Indore 5500-5900 5500-6100 5500-6000 NA
Jaipur 5250 5325-5350 5250 NA
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 30-Jan-21 23-Jan-21 16-Jan-21 30-Jan-20
Mumbai 3400 3450 3450 3040
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 30-Jan-21 23-Jan-21 16-Jan-21 30-Jan-20
Indore 40-42 NA NA NA 6400
42-44 6600 6500 6500 6200
44-46 6450 6350 6350 6100
Dollar 5800-6200 5800-6200 5800-6200 5500-6000
Mumbai Sudan 4250-4450 4375-4525 4350-4400 4100
Ethiopia NA NA NA 4000
Russia 4350-4375 4450 4375 4050
Burma NA NA NA 3950


Imported Masoor (Mumbai):

Canada crimson variety Masoor along with Australia Masoor in Mumbai widened losses by Rs 25-75 each at Rs 4,950-5,075/100Kg and Rs 5,175, respectively as millers refrained from purchasing at prevailing rates.

Similarly, Canada crimson variety Masoor at Hajira-Mundra port are each down by Rs 50-75 at Rs 4,925/100kg, respectively, while at Kandla it was priced lower by Rs 75 at Rs 4,875/100Kg.

Availability of imported stocks, rise in sowing area this year and slow offtake in Masoor dal will keep prices under pressure.

Hike in minimum support prices of Masoor from Rs 4.800/100Kg to Rs 5100 for 2020-21 has been the major factor behind improved sowing in the key producing states.

Arrivals of new Masoor witnessed at Pachore, Mandsaur and Pratapgarh market.

Given further rise in the arrival of new crop, Masoor may witness drop in its prices.

However, no overseas supplies are expected hereon, due to higher parity as import duty is revised back to 30 per cent from 10 per cent.

Masoor ( Prices In Rs / 100Kg )
Market Variety 30-Jan-21 23-Jan-21 16-Jan-21 30-Jan-20
Mumbai Canada 4950-5075 5025-5100 5075-5200 4950
Australia 5175 5200 5300 5000
Mundra Canada 4925 4975-5000 5075-5100 4700
Hajira Canada 4925 5000 5075-5100 4650
Kandla Canada 4875 4950 5050 NA
Kolkata Canada 4900-5050 4950-5100 5050-5150 4950-5000
Australia 5050-5150 5100-5200 5200-5300 5000-5025
Indore Desi 4950 5100-5150 5100 4800-4850
Raipur Desi NA NA NA 4800-4850
Kanpur Desi 5100 5350 5400 4900
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 30-Jan-21 23-Jan-21 16-Jan-21 30-Jan-20
Khopoli 6150 6150 6150 5750-5800
Katni NA NA NA 5450

Moong (Jaipur):

Moong prices remained weak at Rs 6,800-7,100/100Kg at Jaipur market of Rajasthan, as per quality, amid slack mills’ buying and ongoing arrivals.

Moreover, demand and sale counters in processed Moong reported slow participation and traded weak at Rs 7,700-7,800/100Kg.

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 30-Jan-21 23-Jan-21 16-Jan-21 30-Jan-20
Jaipur Kharif 6800-7100 7100-7600 7000-7500 NA
Harda 5200-8150 NA 5200-8180 NA
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 30-Jan-21 23-Jan-21 16-Jan-21 30-Jan-20
Jaipur 7700-7800 8100-8200 8100-8300 NA
Gulbarga 9300-9400 9300-9400 9300-9400 10000
Akola NA NA NA 9000-9500


(By Commodities control Bureau; +91 9820130172)

       
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