MUMBAI (Commodities control) – Major pulses, such as Tur, Urad, Chana, Kabuli Chickpea, Masoor and Moong slipped for the week ended 22nd May after government allowed free imports of certain pulses. Tur-Urad & Moong has disrupted market sentiments across India.
Moreover, Centre’s move directing all stockholders like millers, traders and importers to declare the stocks of pulses has caught the industry by surprise; panicking the market.
Prices have already begun declining in the domestic market, which will hurt farmers because they were receiving above-MSP market prices for Tur, Urad and Moong. The farmers, could end up sowing a lower quantity of pulses and can switch over to other commodities (Soybean, Ground nut & Cotton) in the coming kharif season.
Traders were also bearing huge losses as they have purchased pulses at above-MSP market prices and stocked them.
Already, trade volume was less due to covid-19 restrictions and complete lockdown in key consumption hubs, resulting in weak demand. The overall processed pulses demand scenario remains quiet.
Weekly Highlights
# India Summer Pulse Sowing up by 67.48 % as on May 21 to 17.82 lakh Ha vs 10.64 last year at the same period. Urad: 2.98 Vs 2.01, Moong: 14.45 Vs 8.31, Other Pulses: 0.39 Vs 0.32.
# The Ministry of Agriculture has allowed Plant Quarantine to release all the consignments shipped from Myanmar without requirement of Phytosanitary Certificate and at normal fees.
# Millers, Traders, Importers Need To Declare Pulses Stocks, Centre Steps Up To Contain Price Rise.
# Keep a strict watch on prices of essential commodities in the States: Piyush Goyal.
# India Exports Agricultural, Processed Food Products of Nearly $20 Billion in 2020-21.
# Cyclone Yaas Likely to Hit East Coast by May 26.
# Govt Should Restructure Import Duty On Chickpeas, Lentils, Industry Body Suggests.
# FSSAI Directs To Ensure Clearance of Imported Pulses, Oils Without Delay.
# Farmers To Get Dap At Older Price Despite Hike In Global Market, Subsidy Rose 140%.
Burma Lemon Tur:
Tur Lemon variety of Burma-origin slipped by Rs 400 to Rs 6,200/100Kg, in Mumbai as sellers were active despite negligible ready imported stock. Meanwhile, in forward trade, Indian buyers were purchasing new Tur 2021 crop from Burma with landing cost of Rs 6,150-6,250/100Kg against June delivery and July shipment.
Similarly, domestic variety Tur also traded lower by Rs 400-450 to Rs 6,800-6,825/100Kg in bilty trade at benchmark market Akola.
Government’s move to free import of pulses like tur, moong and urad last week has led to a quick impact on the rates. Prices of raw pulses as well as dals have come down.
However, Tur prices are likely to get support in coming days as government may lift the lockdown restrictions gradually due to drop in covid cases. Moreover, NAFED doesn’t have a lot of Tur stock.
Although, overseas imports will arrive at regular intervals. Supply of around 30,000-40,000 MT of Sudan origin new Tur crop and 20,000-25,000 MT of Africa Tur old crop is expected in June.
|
Tur ( Prices In Rs /100Kg )
|
|
Market
|
Variety
|
22-May-21
|
15-May-21
|
08-May-21
|
22-May-20
|
|
Mumbai
|
Lemon
|
6200
|
6600
|
6500
|
5000
|
|
Akola
|
Desi Bilty
|
6800-6825
|
7225-7250
|
7100-7125
|
5400-5425
|
|
Gulbarga
|
Desi
|
NA
|
NA
|
6600-6700
|
Lock Down
|
|
|
|
|
|
|
|
|
Tur Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
22-May-21
|
15-May-21
|
08-May-21
|
22-May-20
|
|
Akola
|
Phatka
|
9700-9800
|
10000-10200
|
9700-9900
|
7650-7750
|
|
Gulbarga
|
Phatka
|
NA
|
NA
|
9400-9800
|
Lock Down
|
|
Katni
|
Phatka
|
9700-9800
|
10000-10100
|
9850-9950
|
8000-8100
|
Burma Urad:
Prices of Burma Urad FAQ tumbled down by Rs 850 at Rs 6,800/100Kg in Mumbai amid thin mills trade activity. Meanwhile, good parity in import was seen. Indian buyers were purchasing Urad from Burma at cheaper rates against June delivery and July shipment.
Similarly, Burma Urad SQ-FAQ varieties in Chennai also drifted lower by Rs 900-1000 at Rs 7,250/100Kg and Rs 6,800, respectively.
In forward trade, sellers were active for imported Urad at lower rates compared to ready prices.
The government’s move to free import of pulses like tur, moong and urad last week has led to a quick impact on the rates. Prices of raw pulses as well as dals have come down.
As per Burma based local traders, shipment likely to be in break bulk vessel for India as it will be cheaper as compared to container. Freight charges for break bulk vessel are approximately $100 and around $150 for a container.
|
Urad ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
22-May-21
|
15-May-21
|
08-May-21
|
22-May-20
|
|
Mumbai FAQ
|
FAQ
|
6800
|
7650
|
7550
|
6300
|
|
Chennai
|
FAQ
|
6800
|
7800
|
7650
|
6250-6275
|
|
Chennai
|
SQ
|
7250
|
8350
|
8200
|
6750
|
|
Jalgaon
|
Desi
|
7000-7300
|
7550-7850
|
7500-7800
|
6550-7000
|
|
|
|
|
|
|
|
|
Urad Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
22-May-21
|
15-May-21
|
08-May-21
|
22-May-20
|
|
Mumbai
|
|
9700-10600
|
10200-10900
|
10000-10700
|
9000-9500
|
Chana Kantewala (Indore):
Chana prices traded lower by Rs 150 at Rs 5,300/100Kg in Indore on thin trade activity, following weak futures after GOI’s decision of pulling off restrictions on import of Toor, moong and urad. They have directed states to make stockholders declare their stocks too.
Moreover, market men have been cautious, expecting that government may reduce import custom tariff on Chana.
Even trade volume was lesser due to covid, complete lockdown in many key consumption hubs of pulses have resulted in fall in demand. Chana dal and besan demand scenario remains quiet
However, Chana prices are likely to get support in the coming days as government may lift the lockdown restrictions gradually due to declining rate of covid infection cases.
The deadline for procurement of Chana at minimum support price in Madhya Pradesh has been extended to June 5 from May 15, Madhya Pradesh Chief Minister Shivraj Singh Chouhan said on twitter on Wednesday.
Procurement of Chana at MSP is likely to begin from next week in Gujarat.
Similarly, Tanzania-origin Chana in Mumbai extended fall by Rs 200 at Rs 4,900/100Kg amid slack buying activity despite less ready stock.
Russia and Sudan-origin Kabuli Chickpea prices also declined by Rs 200 each at Rs 5,200/100Kg and Rs 4,900-5,100, respectively.
42-44 & 44-46 count Kabuli Chana was down Rs 400 each at Rs 9,650/100Kg and Rs 9,500, respectively.
|
Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
22-May-21
|
15-May-21
|
08-May-21
|
22-May-20
|
|
Mumbai
|
Australia
|
NA
|
NA
|
NA
|
NA
|
|
|
Tanzania
|
4900
|
5100
|
5150
|
NA
|
|
|
Burma
|
NA
|
NA
|
NA
|
NA
|
|
Indore
|
Katewala
|
5300
|
5450
|
5450
|
4050-4075
|
|
Delhi
|
Rajasthan origin
|
5450
|
5550-5575
|
5625
|
4150
|
|
Akola
|
|
5075-5100
|
5275-5300
|
5275-5300
|
4050-4060
|
|
Bikaner
|
|
5200
|
5450
|
5400
|
4100
|
|
|
|
|
|
|
|
|
Chana Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
22-May-21
|
15-May-21
|
08-May-21
|
22-May-20
|
|
Akola
|
|
6400-6800
|
6500-7000
|
6400-6900
|
4900-5300
|
|
Indore
|
|
6800-7000
|
6800-7000
|
6800-7000
|
5100-5500
|
|
Jaipur
|
|
6275
|
6500-6525
|
6500
|
4950
|
|
|
|
|
|
|
|
|
Chana Besan ( Prices In Rs / 50Kg )
|
|
Market
|
Variety
|
22-May-21
|
15-May-21
|
08-May-21
|
22-May-20
|
|
Mumbai
|
|
3630
|
3700
|
3700
|
3100
|
|
|
|
|
|
|
|
|
Kabuli Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
22-May-21
|
15-May-21
|
08-May-21
|
22-May-20
|
|
Indore
|
40-42
|
NA
|
NA
|
NA
|
NA
|
|
|
42-44
|
9650
|
10050
|
9900
|
6200
|
|
|
44-46
|
9500
|
9900
|
9750
|
6100
|
|
|
Dollar
|
NA
|
NA
|
NA
|
5200-5500
|
|
Mumbai
|
Sudan
|
4900-5100
|
5100-5300
|
5150-5350
|
NA
|
|
|
Ethiopia
|
NA
|
NA
|
NA
|
NA
|
|
|
Russia
|
5200
|
5400
|
5400
|
NA
|
|
|
Burma
|
NA
|
NA
|
NA
|
NA
|
Imported Masoor (Mumbai):
Canada crimson variety Masoor along with Australia Masoor in Mumbai dropped by Rs 350-400 each at Rs 6,300-6,400/100Kg and Rs 6,500, respectively as millers refrained from purchasing.
Similarly, Canada crimson variety Masoor at Hajira-Mundra port declined by Rs 400 at Rs 6,300/100kg and Rs 6,250, respectively, while at Kandla it was priced lower by Rs 400 at Rs 6,200/100Kg.
Market men opted wait and watch policy as they were cautious on fear that government may reduce soon or eliminate Import tariff on Masoor.
Moreover, sentiments were still under pressure due to the Centre’s move directing all stockholders like millers, traders and importers to declare the stocks of pulses has caught the industry by surprise, causing panic in the market.
Exporters in Canada have been waiting with abated breath over expectations that India may soon eliminate import duties in an effort to relieve food price inflation and internal supply disruptions. An unknown quantity of Masoor has already been bought by importers in India for shipment starting in June because of their belief the government has no option but to change import duty levels.
Statistics Canada reported that the stock for all the lentils classes was 1.435 million metric tons (MT), down from 1.678 million MT at the same time last year, but above the previous five year average of 1.335 million.
Farmers have been, reportedly, holding 1.26 million MT of lentils, down from 1.508 million last year. Commercial inventories came in at 175,000 MT, just above 170,000 MT on hand for the corresponding period last year.
|
Masoor ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
22-May-21
|
15-May-21
|
08-May-21
|
22-May-20
|
|
Mumbai
|
Canada
|
6300-6400
|
6700-6750
|
6400-6450
|
5500-5600
|
|
|
Australia
|
6500
|
6850
|
6550
|
5700
|
|
Mundra
|
Canada
|
6250
|
6650
|
6350
|
5400
|
|
Hajira
|
Canada
|
6300
|
6700
|
6400
|
5475-5500
|
|
Kandla
|
Canada
|
6200
|
6600
|
6300
|
NA
|
|
Kolkata
|
Canada
|
6600-6700
|
6900-7000
|
6500-6600
|
5450-5500
|
|
|
Australia
|
6700-6800
|
7000-7100
|
6650-6750
|
5650-5700
|
|
Indore
|
Desi
|
6500
|
6650
|
6450
|
5250
|
|
Raipur
|
Desi
|
NA
|
NA
|
NA
|
5450-5500
|
|
Kanpur
|
Desi
|
6750
|
6850
|
Lock Down
|
5575
|
|
|
|
|
|
|
|
|
Masoor Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
22-May-21
|
15-May-21
|
08-May-21
|
22-May-20
|
|
Khopoli
|
|
7500
|
7700
|
7350
|
7000
|
|
Katni
|
|
NA
|
NA
|
NA
|
6050
|
Moong (Jaipur):
Moong prices widened losses by Rs 200 to Rs 6,700-6,800/100Kg at Jaipur market of Rajasthan, as per quality, amid thin mill buying and enthusiastic summer crop report in Madhya Pradesh and Gujarat.
Demand and sale counters in processed Moong reported dull participation and traded weak by Rs 400 at Rs 7,600-7,700/100Kg.
Arrivals of new summer Moong began at Madhya Pradesh and Gujarat. Moong producing mandis in Madhya Pradesh-Gujarat are likely to open next week.
Moong prices are expected to remain under pressure after Government action of freeing imports.
Already new moong traded below MSP, as per quality.
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.
|
Moong ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
22-May-21
|
15-May-21
|
08-May-21
|
22-May-20
|
|
Jaipur
|
|
6700-6800
|
6300-7000
|
6500-7300
|
8000-8200
|
|
Harda
|
|
Lock Down
|
Lock Down
|
Lock Down
|
NA
|
|
|
|
|
|
|
|
|
Moong Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
22-May-21
|
15-May-21
|
08-May-21
|
22-May-20
|
|
Jaipur
|
|
7600-7700
|
8000-8100
|
8100-8200
|
9500-9600
|
|
Gulbarga
|
|
NA
|
NA
|
9700-9800
|
NA
|
(By Commodities control Bureau; +91 9820130172)
|
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