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Weekly: Chana-Masoor Prices Gain Most This Week, Urad-White Pea Weakens

1 Mar 2021 8:38 am
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MUMBAI (Commodities control) – Prices of Urad and White Pea declined for the week ended 27th February, 2021 amid slack buying activity. On the other hand, Chana, Masoor, Kabuli Chana and Moong moved higher on mills’ buying. Meanwhile, Tur prices traded mixed on limited activity.

Weekly Highlights

# Second Advance Estimates: India's Pulses Production At 24.42 Million Tonnes In 2020-21.
# Second Advance Estimate: India Expects Record Food Grain Production At 303.34 MMT.
# Containers Pile Up at Myanmar Ports as Coup Protests Disrupt Trade; Indian Importers Await 30-34,000 MT Burma Urad.
# Rajasthan Announces Reduction in Mandi Tax in State Budget 2021-22; Effective From March 1.
# Karnataka Crop 2nd Advance Est (2020-21): The output of Tur crop in Karnataka is projected to drop 3.4% to 1,057,000 tn in the 2020-21 (Jul-Jun) season.
# SEBI Tightens Margin on Cash-Settled Contracts; Pre-Expiry Margins to Curb Negative Price Scenarios. The decision would be effective from April 1, 2021.
# MP Traders seek Fresh Cut in Mandi Tax to 0.5%, Threaten to Go on Strike in Case Tax is Not Lowered.

2nd Advance Estimates Pulses For 2020-21 (In Million Tonnes)
Commodity Season 2020-21 (2nd Est) 2020-21(1st Est) 2019-20 (Final) Target 2020-21
Tur Kharif 3.88 4.04 3.89 4.82
Chana Rabi 11.62 11.08 11
Masoor Rabi 1.35 1.1 0
Urad Kharif 1.77 2.15 1.33 2.9
Rabi 0.68 0.75 0.7
Urad Total 2.45 2.08 3.6
Moong Kharif 2.02 2.09 1.88
Rabi 0.6 0.6
Moong Total 2.62 2.48
Other Kharif 0.79 1.03 0.87 1
Rabi 1.7 1.49 2.7
Total Kharif 8.46 9.31 7.92 10.6
Rabi 15.96 15.1 15
Total Pulses 24.42 23.03 25.6

Burma Lemon Tur:

Tur Lemon variety of Burma-origin ruled firm by Rs 50 to Rs 6,500/100Kg in Mumbai, due to selected mills’ participation on immediate requirement for crushing. Moreover, sellers were inactive at lower rates due to limited ready imported stock.

On other hand, domestic variety of Tur declined by Rs 50 at Rs 7,000-7,075/100Kg at benchmark market Akola.

Covid cases have been increasing rapidly in Vidarbha and Marathawada regions in Maharashtra.

To which, government earlier announced lockdown in the region to curb further spread. It had impact on spot availability of Tur. While it has not impacted the operation of millers directly, they have reported uncertainties in manpower availability.

Tur trade was reported steady but sluggish demand continues to be an area of concern in tur dal. Demand is likely to improve in coming days due to empty pipelines and lower arrivals of tur.

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.
Tur ( Prices In Rs /100Kg )
Market Variety 27-Feb-21 20-Feb-21 13-Feb-21 27-Feb-20
Mumbai Lemon 6500 6450 6500 4850
Akola Desi Bilty 7000-7075 7050-7100 7100-7150 5200-5250
Gulbarga Desi 6700-6900 6800-6900 6800-7000 5000-5200
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 27-Feb-21 20-Feb-21 13-Feb-21 27-Feb-20
Akola Phatka 9800-9900 9800-10000 10000-10200 7600-7800
Gulbarga Phatka 9300-9800 9300-9800 9500-10000 7400-7800
Katni Phatka 9800-9900 9700-9800 9800-9900 7600-7700

Burma Urad:

Prices of Burma Urad FAQ variety traded weak by Rs 150 at Rs 7,400-7,450/100Kg in Mumbai, on dull mill purchase due to sluggish offtake in processed Urad despite less imported stock.

Similarly, Burma Urad SQ variety in Chennai fell by Rs 150 at Rs 8,100/100Kg as sellers were active in the market, while FAQ variety was priced unchanged at Rs 7,350.

Sentiments were pressurized as holding capacity of traders-millers has decreased.

As per Burma based local trader, direct vessel carrying Urad for India (Chennai) has postponed its sail schedule. However, sources reveal that the banking transactions and port operations are likely to resume in Myanmar by early next month.

Meanwhile, container charges continue to run high due to shortage. Thousands of striking truck drivers in Myanmar protesting the military coup have slowed delivery of imports, trapping cargo containers at ports and prompting at least one international shipping line to halt new orders.

Regular arrivals of Urad have been reported at major districts of Andhra Pradesh.
Urad ( Prices In Rs / 100Kg )
Market Variety 27-Feb-21 20-Feb-21 13-Feb-21 27-Feb-20
Mumbai FAQ FAQ 7400-7450 7550 7600 6200
Chennai FAQ 7350 7350 7650 6200
Chennai SQ 8100 8250 8600 6700
Jalgaon Desi 7550-8050 7575-8100 7750-8250 6350-7000
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 27-Feb-21 20-Feb-21 13-Feb-21 27-Feb-20
Mumbai 10900-11000 10100-11200 10100-11200 8500-9000

Chana Kantewala (Indore):

Chana prices extended gains by Rs 150 at Rs 5,000/100Kg in Indore due to fierce rally in futures as new domestic arrivals in key mandis remained tight.

Consistent lower arrivals at major mandis due to fewer yield and improved demand created pressure on Chana pipelines with millers, which were already dry.

The demand in dals and besan remained positive.Stockiest and bulk buying from big companies had also supported prices.

Moreover, procurement at MSP of Rs 5,100/100Kg by Nafed has also begun in Andhra Pradesh.

Chana futures prices are to find support towards 4600 Rs/ qtl and trade towards 4950/5000 Rs/Qtl by coming sessions.

Similarly, Tanzania-origin Chana in Mumbai ruled higher Rs 50 at Rs 4,500/100Kg on better millers’ trade activity due to parity compared with domestic Chana-Kabuli Chickpea.

Similarly, Sudan and Russia-origin Kabuli Chickpea prices traded higher Rs 50-150 each, at Rs 4,250-4,500/100Kg and Rs 4,550-4,750, respectively. Dollar variety Chana also moved up Rs 300 at Rs 6,000-6,800/100Kg in Indore.
Chana ( Prices In Rs / 100Kg )
Market Variety 27-Feb-21 20-Feb-21 13-Feb-21 27-Feb-20
Mumbai Australia NA NA NA NA
Tanzania 4500 4450 4350-4375 4000
Burma NA NA NA 3800
Indore Katewala 5000 4850 4750 4000
Delhi Rajasthan origin 4950 4775 4700-4725 4200
Akola 4900-4925 4775-4825 4700-4750 4075-4100
Bikaner 4750 4650 4600 4000
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 27-Feb-21 20-Feb-21 13-Feb-21 27-Feb-20
Akola 5600-6000 5600-6000 5500-5900 4700-5200
Indore 5500-6000 5500-6000 5500-6000 NA
Jaipur 5700 5475-5500 5400 4850
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 27-Feb-21 20-Feb-21 13-Feb-21 27-Feb-20
Mumbai 3350 3325 3400 3000

Imported Masoor (Mumbai):

Canada crimson variety Masoor along with Australia Masoor in Mumbai extended rise by Rs 100-150 each at Rs 5,525-5,600/100Kg and Rs 5,700, respectively amid better buying activity from local outstation millers and traders, declining arrival and rise in prices of imported crop and absence of carryover domestic stock .

Similarly, Canada crimson variety Masoor at Hajira-Mundra port are each up by Rs 150 at Rs 5,525/100kg and Rs 5,500, respectively, while at Kandla it was priced higher by Rs 125 at Rs 5,450/100Kg.

Stockiest were inactive at current higher rates in domestic market.

Arrivals of new Masoor has picked pace in Madhya Pradesh-Rajasthan, but likely to pick up pace from fortnight in Uttar Pradesh.

Availability of imported stock and increase in domestic arrivals from producing centers in coming days will keep prices under pressure. Cautious trade was witnessed at higher rates.

However, no further overseas supply are expected due to higher parity.
Masoor ( Prices In Rs / 100Kg )
Market Variety 27-Feb-21 20-Feb-21 13-Feb-21 27-Feb-20
Mumbai Canada 5525-5600 5375-5500 5350-5425 4725
Australia 5700 5600 5525 4775
Mundra Canada 5500 5350 5325 4575
Hajira Canada 5525 5375 5350 4550
Kandla Canada 5450 5321 5275 NA
Kolkata Canada 5650-5700 5450 5350 4700
Australia 5800-5900 5550-5625 5450-5550 4800
Indore Desi 5600 5250 5300-5350 4650-4700
Raipur Desi NA NA NA 4800
Kanpur Desi 5800 5575 5600 4800
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 27-Feb-21 20-Feb-21 13-Feb-21 27-Feb-20
Khopoli 6450 6200 6200 5650-5700
Katni NA NA NA 5200

White Pea (Kanpur):

Dal quality new White Pea prices widened losses for second straight week by Rs 350 at Rs 5,450/100Kg at Kanpur market, due to arrivals of the quality with a higher moisture content of around 17-18%. Bold quality of new White Pea traded at Rs 5,800-6,000.

Meanwhile, buyers from Mumbai-Gujarat and Southern markets were active at purchasing new White Pea.

Stockiest and bulk buying from big companies is likely to begin after quality with reduced moisture content begins to arrive after 1st week of March.
As per Kanpur based trader, prices of White Pea is 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 27-Feb-21 20-Feb-21 13-Feb-21 27-Feb-20
Mumbai Canada No Stock No Stock No Stock 5850
Kolkata Canada No Stock No Stock No Stock 5600-5700
Kanpur 5450 5800 6400 5400

Moong (Jaipur):

Moong prices traded firm by Rs 100-200 at Rs 7,000-7,500/100Kg at Jaipur market of Rajasthan, as per quality, amid mill buying on immediate requirement for crushing.

However, demand and sale counters in processed Moong reported limited and traded flat at Rs 8,500-8,600/100Kg.

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 of Moong in Madhya Pradesh and Rajasthan.

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 27-Feb-21 20-Feb-21 13-Feb-21 27-Feb-20
Jaipur 7000-7500 6800-7400 6800-7400 7700-8100
Harda NA 5000-8600 NA 7000-7790
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 27-Feb-21 20-Feb-21 13-Feb-21 27-Feb-20
Jaipur 8500-8600 8500-8600 8600-8700 8700-8900
Gulbarga 9400-9500 9400-9500 9400-9500 10000
Akola NA NA NA 9000-9500
(By Commodities control Bureau; +91 9820130172)

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