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Weekly: Selective Pulses Gain This Week, Lockdown Fear to Likely Hit Demand

5 Apr 2021 8:03 am
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MUMBAI (Commodities control) – Most pulses, such as Tur, Urad, Masoor, Chana and Kabuli Chana moved higher for the week ended 3rd April, 2021 amid fresh buying activity at lower rates. On the other hand, Moong and White Pea traded flat on limited trade.

However, demand and sale counters in processed pulses reported thin activity. The prices have remained range bound during the past month due to lower demand from consumers. Second wave of corona virus has affected the consumption.

The latest lockdown restrictions -- Government imposing night curfew and restrictions on opening of hotels, restaurants, ban on large gatherings, events, programmes, celebrations and also not allowing more than 50 people to attend marriages could prove detrimental to pulses demand.

However, production of pulses has been lower this year due to unfavourable climatic conditions. The current situation might be temporary and with passage of time, the demand for pulses would be back.
Weekly Highlights

# DGFT Details Procedures for Import of Quota Toor, Urad & Moong for FY2021-22; Application Deadline 15th April. Import deadline is kept till 31st Mar 2022. Important condition this time is that the selected importers will have ensured to import at least 50% of the allocated quota. If not imported then the importer will be debarred from next year's allocation.
# In the United States, Chickpea can be sown 290,000 acres in 2021, up 7% from the previous year. Small chickpea’s expected planted area is estimated at 59,000 acres, up 22% from 2020. Area expected to be planted for large chickpeas in 2021 is estimated at 231,000 acres, a 4% increase from the previous year. Masoor can be sown 611,000 acres in 2021, up 16% from 2020. White Pea can be sown 893,000 acres in 2021, down 11% from 2020, according to the USDA.
# According to the DGFT website, Pulses reported a drop of 13.88% in its imports during March 2021 vis-à-vis March 2020.
Burma Lemon Tur:

Tur Lemon variety of Burma-origin gained Rs 150 to Rs 6,400/100Kg in Mumbai, due to selected mills’ buying on immediate requirement for crushing.

Moreover, most of the mandis in key regions were closed this week due to Holi and FY ending holiday. It affected the availability of pulses in the spot markets leading to tightness.

Similarly, domestic variety of Tur was also up by Rs 125 to Rs 7,075-7,100/100Kg in bilty trade at benchmark market of Akola.

Meanwhile, millers were facing disparity as demand and sale counter in Tur dal reported thin participation. However, monthly dal counter expected in coming days.

As on March 31, 2021, NAFED has successfully procured 10961.61 MT of Tur at Minimum Support Price of Rs 6,000 in Karnataka, Maharashtra, Gujarat, Tamil Nadu and Andhra Pradesh.
As per market sources, Tur prices are likely to get support at lower rates as seller were inactive. Fundamentals of Tur are strong due to lower yields, lesser old procured stock with government. Although, overseas imports will arrive at regular intervals as the government already issued a total of 6 lakh tonnes quota.

Tur ( Prices In Rs /100Kg )
Market Variety 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Mumbai Lemon 6400 6250 6350 Lock Down
Akola Desi Bilty 7075-7100 6950-6975 6950-6975 5675-5700
Gulbarga Desi 6800-7000 6700-6800 6700-6800 5400-5500
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Akola Phatka 9800-10000 9500-9700 9800-10000 8100-8300
Gulbarga Phatka 9400-9800 9300-9700 9300-9700 8400-8800
Katni Phatka 9750-9850 9700-9800 9650-9750 8300-8400

Burma Urad:

Prices of Burma Urad FAQ variety gained Rs 150 at Rs 7,150/100Kg in Mumbai, amid selected millers' trade at lower rates on immediate requirement for crushing despite overseas supplies at Chennai.

However, offtake in processed Urad was limited from wholesale and retail counters.

Similarly, Burma Urad SQ variety in Chennai firmed up by Rs 125 at Rs 7,800/100Kg, while FAQ variety remained flat at Rs 7,200.

Burma Urad FAQ-SQ varieties traded in the range of $735-$740 per ton & $850-$855, respectively on CNF basis for Chennai against delivery before 30th April. Good parity in import was seen. Ready stock of imported Urad at Chennai is around 1500-1700 containers.

Centre extends the last date for import of 1.5 Lakh MT of Urad for the fiscal year 2020-21, from 31st March, 2021 to 30th April.

As per market sources, Urad prices are likely to get support of Rs 200-300/100Kg for short term period during 1st week of April due to monthly dal counter expected. Moreover, 30-40% of new Urad arrivals in Andhra Pradesh has been already used for consumption and 30-40% will be in process and rest 20% will be holding for stock. But, upcoming supply of summer crop from April-May in Madhya Pradesh and Gujarat are likely to keep prices under check. But, acreage of summer crop Urad will be less as acreage is expected to shift to Moong.

Urad ( Prices In Rs / 100Kg )
Market Variety 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Mumbai FAQ FAQ 7150 7000 7150 Lock Down
Chennai FAQ 7200 7200 7400-7450 Lock Down
Chennai SQ 7800 7675 7950 Lock Down
Jalgaon Desi 7250-7850 7100-7800 7450-8100 Lock Down
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Mumbai 9800-10600 9800-10600 9800-10600 9000-10000


Chana Kantewala (Indore):

Chana prices moved up by Rs 75 at Rs 5,050/100Kg in Indore due to mill buying activity on immediate requirement for crushing and negligible arrivals as major markets this week were closed due to Holi and FY end holidays.

Meanwhile, demand for Chana dal-besan remains thin.

Second wave of corona virus has adversely affected the consumption of Chana dal in particular. Major consumption of Chana dal or besan at roadside eateries, in catering industry and hospitality has been lost due to closure or limited attendance leading to write off of demand.

Marketmen will keep a close watch on Chana arrivals at producing centres in coming week. However, Corporates and stockist are actively purchasing Chana and Pace of procurement by government agency at MSP is likely to improve in coming days, supporting the prices. Moreover, Nafed has stopped selling the old procured stock.

As on March 31, 2021, NAFED has procured 124130.84 MT of Chana at MSP of Rs 5,100 in Andhra Pradesh, Telangana, Maharashtra, Karnataka, Gujarat and Madhya Pradesh.

Similarly, Tanzania-origin Chana in Mumbai also moved higher by Rs 25-50 at Rs 4,650-4,700/100Kg amid mill buying activity.

Sudan and Russia-origin Kabuli Chickpea prices traded higher by Rs 100-150 at Rs 4,750-5,050/100Kg and Rs 5,050-5,200, respectively.

Dollar variety Chana also ruled higher by Rs 100-200 at Rs 8,000-8,500/100Kg in Indore. On other hand, 42-44 & 44-46 count Kabuli Chana declined by Rs 50-100 each at Rs 8,800/100Kg and Rs 8,750, respectively on slack buying at higher rates.

Chana ( Prices In Rs / 100Kg )
Market Variety 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Mumbai Australia NA NA NA Lock Down
Tanzania 4650-4700 4625 4650-4675 Lock Down
Burma NA NA NA Lock Down
Indore Katewala 5050 4975-5000 5000-5025 Lock Down
Delhi Rajasthan origin 5050-5075 5000-5025 4950-4975 4450
Akola 5050-5075 4950 4950-4975 4275-4300
Bikaner 5000 4900 4850 Lock Down
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Akola 6000-6400 5900-6400 6000-6400 5200-5500
Indore 6000-6400 6000-6400 6100-6400 Lock Down
Jaipur 5900 5775 5800 Lock Down
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Mumbai 3450 3400 3400 3050
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Indore 40-42 NA NA NA Lock Down
42-44 8800 8950 8950 Lock Down
44-46 8750 8800 8800 Lock Down
Dollar 8000-8500 7800-8400 7500-8500 Lock Down
Mumbai Sudan 4750-5050 4600-4950 4600-4950 Lock Down
Ethiopia NA NA NA Lock Down
Russia 5050-5200 4950-5050 4950-5050 Lock Down
Burma NA NA NA Lock Down


Imported Masoor (Mumbai):

Canada crimson variety Masoor along with Australia Masoor in Mumbai continued to trade higher by Rs 100-125 each at Rs 5,825-5,900/100Kg and Rs 6,000, respectively on improved mills’ buying support and depleting stock of imported Masoor.

Similarly, Canada crimson variety Masoor at Hajira-Mundra port are each up by Rs 125 at Rs 5,825/100kg and Rs 5,775, respectively, while at Kandla it was priced higher by Rs 100 at Rs 5,700/100Kg.

As per market sources, depleting stock of imported Masoor and no further overseas supply due to higher parity are likely to support prices at lower rates. Corporates and importers continue to accumulate stocks in the domestic market and shifted to crush domestic Masoor due to less imported stock.

Masoor ( Prices In Rs / 100Kg )
Market Variety 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Mumbai Canada 5825-5900 5700-5800 5625-5725 Lock Down
Australia 6000 5875 5800 Lock Down
Mundra Canada 5775 5650 5575 Lock Down
Hajira Canada 5825 5700 5625 Lock Down
Kandla Canada 5700 5600 5525 Lock Down
Kolkata Canada 6000-6050 5900-5950 5800-5900 5200-5300
Australia 6100-6150 6000-6100 5950-6050 5550-5600
Indore Desi 5850 5600-5625 5550-5575 Lock Down
Raipur Desi NA NA NA Lock Down
Kanpur Desi 6000 5875 5800 Lock Down
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Khopoli 7000 6800 6800 6800
Katni NA NA NA


White Pea (Kanpur):

New White Pea prices remained nearly unchanged at Rs 4,950/100Kg (dal quality) and Rs 5,125 (40% filter quality) at Kanpur market, due to limited buying as major markets this week were closed due to Holi and FY end holiday.

As per Kanpur based trader, prices of White Pea is likely to get support due to negligible carryover stock. Millers-traders will actively purchase as the pipeline is empty. Stockiest activity and bulk buying from big companies may be witnessed at lower rates in the coming days.

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 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Mumbai Canada No Stock No Stock No Stock Lock Down
Kolkata Canada No Stock No Stock No Stock 6250
Kanpur 4950-5125 4950-5150 4900-5100 Lock Down
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Mumbai 4350 4350 4450 3700
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Mumbai 6000 6000 7000 7100


Moong (Jaipur):

Moong prices steadied at Rs 6,500-7,200/100Kg at Jaipur market of Rajasthan, as per quality, amid thin local and outstation mills’ trade activity.

However, demand and sale counters in processed Moong reported slow participation and traded weak by Rs 100 at Rs 8,200-8,300/100Kg.

New summer Moong crop is expected to arrive from April to end-May at Madhya Pradesh and Gujarat.

In Chennai, Brazil origin Moong priced in the range of Rs 8,800-9,000/100Kg, Tanzania origin unpolished at Rs 7,000, Kenya origin polished at Rs 8,300-8,500 and Australia Moong at Rs 11500-12000.
Farmers were still holding kharif crop Moong in Madhya Pradesh and Rajasthan.

Arrivals and supplies stocked in godowns, meanwhile, are enough to offset current requirements.

The Central Government notifies annual quota for the fiscal year 2021-22 for import of 1.5 Lakh MT of Moong.

Moong ( Prices In Rs / 100Kg )
Market Variety 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Jaipur 6500-7200 6500-7200 5600-6900 Lock Down
Harda NA NA 5500-8000 Lock Down
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 03-Apr-21 27-Mar-21 20-Mar-21 03-Apr-20
Jaipur 8200-8300 8300-8400 7700 Lock Down
Gulbarga 9300-9400 9300-9400 9300-9400 11200
Akola NA NA NA NA

(By Commodities control Bureau; +91 9820130172)

       
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