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Weekly: Most Pulses Moved Higher Over the Week, Chana Prices Cooled

15 Feb 2021 12:06 pm
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MUMBAI (Commodities control) – Prices of major pulses, such as Tur, Urad, Masoor, Moong and White Pea rallied northward for the week ended 13th February, 2021 amid buying activities by millers-traders. However Chana prices eased due to slack millers’ trade and new arrivals.

Weekly Highlights

# By 2050 Pulses Consumption Expected to Reach 32 Mn Tonnes, Says Narendra Tomar.
# Canada Masoor exports declined 30% during January at 166,538 metric tons (MT) as compared with December at 237,578 MT. # Canadian Red Masoor Exports Eased by 52,690 MT in January M/M.
# Australia Masoor Exports Surge 189% to 101,148 MT in January; India was the Biggest Buyer.
# Russian Chickpea Exports for December month reached 21,515 MT, down 58% from the previous month's total of 50,700.
# Agriculture Ministry has approved the purchase of 1,39,900 tonnes of Chana, 81,650 tonnes of Urad as well as 19,950 tonnes of Moong from Andhra Pradesh at the MSP in the current rabi marketing season 2020-2021.
# In Madhya Pradesh, 212,288 chana farmers have got themselves registered for selling Chana to the government at MSP of Rs 5,100/100Kg. The two-month-long procurement drive will begin on Mar 15. Also, 67,693 Masoor farmers have got registered for selling Masoor at MSP of Rs 5,100/100Kg. The state aims to procure around 137,000 ton masoor at MSP.
# Over 3 lakh Gujarat Farmers Register to Sell Gram at MSP.
# Karnataka state Government may begin Chana procurement at MSP from 15th Feb, 2021, as per market sources.

Burma Lemon Tur:

Tur Lemon variety of Burma-origin continued its northward rally by Rs 100 to Rs 6,500/100Kg in Mumbai, amid mill buying on immediate requirement for crushing and also domestic arrivals were below expectation during peak season.

Moreover, arrivals have thinned as farmers holding stock are in anticipation of prices rise in near future.

Similarly, domestic variety of Tur continued to trade higher by Rs 300 at Rs 7,100-7,150/100Kg at benchmark market Akola.

However, demand and sale counter in Tur dal reported thin activity at higher rates.

Meanwhile, resellers were active in the market. Millers are not interested to liquidate their branded dal at low prices.

As per market view, Tur prices are likely to get support at lower rates as fundamentals of Tur are strong due to lower yield, less balanced old procured stock with government and import halt.

As on February 10 2021, NAFED has procured 10,504.19 MT of Tur at MSP of Rs 6,000/100Kg in Karnataka, Maharashtra and Gujarat.

Tur ( Prices In Rs /100Kg )
Market Variety 13-Feb-21 06-Feb-21 30-Jan-21 13-Feb-20
Mumbai Lemon 6500 6400 5975-6000 4900
Akola Desi Bilty 7100-7150 6775-6800 6250-6275 5225-5250
Gulbarga Desi 6800-7000 6600-6700 5900-6200 5000-5300
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 13-Feb-21 06-Feb-21 30-Jan-21 13-Feb-20
Akola Phatka 10000-10200 9700-9800 8600-8700 7800-7900
Gulbarga Phatka 9500-10000 9000-9500 8700-9100 7500-7900
Katni Phatka 9800-9900 9600-9700 8700-8800 7600-7700


Burma Urad:

Prices of Burma Urad FAQ variety traded flat at Rs 7,600/100Kg in Mumbai, on limited millers' trade activity as offtake in processed Urad was weak despite less imported stock.

On other hand, Burma Urad SQ-FAQ varieties in Chennai gained each by Rs 100 at Rs 8,600/100Kg and Rs 7,650, respectively.

As per Burma based local trader, direct vessel carrying Urad for India (Chennai) has postponed its sail schedule. Port activity is likely to begin next week.

As per Burma media sources, Internet services will be shut for 14 days from 14th-28th February. It will affect the banking transactions.

Meanwhile, container charges continue to run high due to shortage.

Regular arrivals of Urad have been reported at major districts of Andhra Pradesh.

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 13-Feb-21 06-Feb-21 30-Jan-21 13-Feb-20
Mumbai FAQ FAQ 7600 7600 7525 6700
Chennai FAQ 7650 7550 7450 6850
Chennai SQ 8600 8500 8450 7900
Jalgaon Desi 7750-8250 7750-8150 7600-8050 6450-6950
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 13-Feb-21 06-Feb-21 30-Jan-21 13-Feb-20
Mumbai 10100-11200 10100-11100 9900-10900 NA


Chana Kantewala (Indore):

Chana prices eased by Rs 25 at Rs 4,750/100Kg in Indore amid thin mills’ buying at prevailing rates.

Meanwhile, demand and sale counter in Chana dal-besan reported thin. Ongoing arrivals of new Chana were witnessed in Maharashtra and Karnataka. Moreover, Nafed is also seeking to sell the Chana stocks.

However the mill quality Chana arrivals have been reportedly lower.Arrivals of filter-anagiri variety Chana was witnessed. It has led to emerging concerns for tightening supply going ahead.

Chana futures prices are to find support towards Rs 4600/100Kg and trade towards Rs 4700-4750/100Kg by coming sessions.

On other hand, Tanzania-origin Chana in Mumbai ruled higher Rs 50 at Rs 4,350-4,375/100Kg on better millers’ trade activity due to parity compared with domestic Chana-Kabuli Chickpea.

Similarly, Russia and Sudan-origin Kabuli Chickpea prices traded higher Rs 50 each, at Rs 4,550-4,575/100Kg and Rs 4,150-4,450, respectively. Dollar variety Chana remained steady at Rs 6,000-6,500/100Kg in Indore.

Chana ( Prices In Rs / 100Kg )
Market Variety 13-Feb-21 06-Feb-21 30-Jan-21 13-Feb-20
Mumbai Australia NA NA NA NA
Tanzania 4350-4375 4300-4325 4225 4050
Burma NA NA NA 3850
Indore Katewala 4750 4775-4800 4600 4100-4125
Delhi Rajasthan origin 4700-4725 4750 4675 4275
Akola 4700-4750 4650-4700 4425-4450 4050-4075
Bikaner 4600 4625 4500 4075
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 13-Feb-21 06-Feb-21 30-Jan-21 13-Feb-20
Akola 5500-5900 5500-5800 5500-5800 4800-5200
Indore 5500-6000 5500-6000 5500-5900 NA
Jaipur 5400 5375 5250 NA
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 13-Feb-21 06-Feb-21 30-Jan-21 13-Feb-20
Mumbai 3400 3400 3400 NA
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 13-Feb-21 06-Feb-21 30-Jan-21 13-Feb-20
Indore 40-42 NA NA NA 6450
42-44 6800 7050 6600 6250
44-46 6650 6900 6450 6050
Dollar 6000-6500 6000-6500 5800-6200 5000-5800
Mumbai Sudan 4150-4450 4100-4400 4250-4450 4025
Ethiopia NA NA NA 4025
Russia 4550-4575 4500 4350-4375 4050
Burma NA NA NA 3850


Imported Masoor (Mumbai):

Canada crimson variety Masoor along with Australia Masoor in Mumbai extended rise by Rs 75-100 each at Rs 5,350-5,425/100Kg and Rs 5,525, respectively amid improved millers trade activity on immediate requirement for crushing against limited domestic stock.

Similarly, Canada crimson variety Masoor at Hajira-Mundra port are each up by Rs 100 at Rs 5,350/100kg and Rs 5,325, respectively, while at Kandla it was priced higher by Rs 125 at Rs 5,275/100Kg.

Availability of imported stocks and arrivals of new Masoor in few market of Madhya Pradesh-Rajasthan will keep prices under check.

Arrivals of new Masoor are likely to pick pace during last week of February month in Madhya Pradesh and Uttar Pradesh.

Masoor ( Prices In Rs / 100Kg )
Market Variety 13-Feb-21 06-Feb-21 30-Jan-21 13-Feb-20
Mumbai Canada 5350-5425 5250-5350 4950-5075 4800
Australia 5525 5450 5175 4850
Mundra Canada 5325 5225 4925 4700
Hajira Canada 5350 5250 4925 4675
Kandla Canada 5275 5150 4875 NA
Kolkata Canada 5350 5250 4900-5050 4750
Australia 5450-5550 5350-5450 5050-5150 4850
Indore Desi 5300-5350 5300-5350 4950 4725
Raipur Desi NA NA NA 4750-4800
Kanpur Desi 5600 5450 5100 5000
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 13-Feb-21 06-Feb-21 30-Jan-21 13-Feb-20
Khopoli 6200 6150 6150 NA
Katni NA NA NA 5250-5275


White Pea (Kanpur):

Arrivals of new White Pea were witnessed in a few markets of Uttar Pradesh, such as Lalitpur-Konch. Around 100-200 tonnes of arrivals were reported in Uttar Pradesh. New White Pea traded higher at Rs 6,400-6,450/100Kg for Kanpur delivery with 17-18 % moisture content quality arrivals. Pace of arrival is expected to rise from 1st week of March.

As per Kanpur based trader, prices of White Pea likely to rise in near future due to negligible carryover stock. Millers-traders will actively purchase as the pipeline is empty. Millers had already shut down crushing due to negligible ready stock.

Moreover, imported White pea stock is also negligible after India banned import of the yellow peas. 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 13-Feb-21 06-Feb-21 30-Jan-21 13-Feb-20
Mumbai Canada No Stock No Stock No Stock 5550
Kolkata Canada No Stock No Stock No Stock 5300-5500
Kanpur 6400 6000 NA 5750


Moong (Jaipur):

Moong prices moved higher by Rs 300 at Rs 6,800-7,400/100Kg at Jaipur market of Rajasthan, as per quality, amid mill buying on immediate requirement for crushing.

Moreover, demand and sale counters in processed Moong reported some activity and traded firm at Rs 8,600-8,700/100Kg.

New summer crop arrivals will begin between March end-April in Madhya Pradesh. Crop is expected to be better than last year.

Moreover, summer crop will also arrive in Gujarat. Arrivals of new crop will also be witnessed in Andhra Pradesh and Odisha in near future.

Farmers were still holding kharif crop Moong in Madhya Pradesh and Rajasthan.

Buyers from Gujarat, Mumbai and southern market were active in purchasing moong dal from Madhya Pradesh. Demand in polished Moong was reported from Gujarat.

Buyers from Delhi and Punjab were active in purchase of Moong from Uttar Pradesh.

Millers were interested in purchasing mogar quality Moong compared to polished and premium quality.

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 13-Feb-21 06-Feb-21 30-Jan-21 13-Feb-20
Jaipur Kharif 6800-7400 6800-7100 6800-7100 7200-7500
Harda NA 5200-8400 5200-8150 NA
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 13-Feb-21 06-Feb-21 30-Jan-21 13-Feb-20
Jaipur 8600-8700 NA 7700-7800 NA
Gulbarga 9400-9500 9300-9400 9300-9400 9800
Akola NA NA NA 9000-9500


(By Commodities control Bureau; +91 9820130172)

       
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