MUMBAI (Commodities control) – Major pulses remained in bear grip due to dull demand from processors and millers last week but Masoor and Moong gained on fresh buying. The shortall in supply supported Masoor prices while procurement of summer Moong started in Madhya Pradesh lifted its prices. The sluggish demand in dal (processed pulses) and increasing supplies from overseas pressured the prices of Tur and Urad.
However, demand for processed pulses are expected to increase in the last week of this month which will boost buying in major pulses at lower level, said a trade analyst.
Most pulses, such as Tur, Urad, Chana, Kabuli Chickpea and White Pea declined for the week ended 19th June, 2021 amid slack mills purchase. While, Masoor and Moong prices moved higher on fresh trade activity at lower rates.
Sentiments dampened in pulses industry after government intervene by taking measure to control prices of pulses, such as revision of pulses import policy from ‘restricted’ to ‘open’, bilateral trade agreements between India and African- Asian countries for import, imported pulses clearance issues as per SEZ rules and also traders-millers & importers have to submit weekly stock positions on a portal devised by the central government.
Past Week’s Highlights
# Supreme Court orders Absolute Confiscation of Peas and Pulses, re-export only after recovery of necessary Redemption Fine.
# India Receives 31% Above Normal Rains during 1-15 June.
# Governments of Malawi and India have signed a MoU on Cooperation in the field of trade of Tur that will see Malawi exporting to India 50,000 Mts of Tur annually over a five-year period.
# Local Currency May Depreciate to Rs 75/Dollar in Short Run amid Pressure after US Fed Turns Hawkish.
# India’s Pulses Import Policy under WTO Scrutiny: Report.
# India’s Retail Inflation Rises to 6.30% in May.
# India’s WPI Inflation Rises to 12.94% in May.
# DGFT, Customs Asked to Consider Imported Pulses Clearance Issues As per SEZ Rules.
# The upward pressure on retail prices of Tur, Moong dal and Urad has stabilised in 2021 and is on a stable or declining trend said Central government. The average increase of these three pulses during the period 1st April 2021 to 16th June 2021 as compared to 1st January 2021 to 31st March 2021 has been 0.95% which is much lower as compared to 8.93% witnessed in the corresponding period of 2020 and 4.13 % witnessed in the corresponding period of 2019.
Burma Lemon Tur
Tur Lemon variety of Burma-origin traded weak by Rs 100 at Rs 6,050/100Kg, in Mumbai due to dull participation by the millers as demand at sale counters in Tur dal reported sluggish and also upcoming overseas supplies in near future.
Besides, DGFT, Customs asked to consider imported pulses clearance issues as per SEZ rules.
Govt signed MOU for Tur import of 1 lakh tonnes Tur from Myanmar and 50,000 MT Tur from Malawi after existing OGL term.
In forward business at Mumbai, Burma Tur lemon variety offered at Rs 6,350/100Kg for June-July shipment.
Similarly, domestic variety of Tur also fell by Rs 50-75 to Rs 6,700-6,725/100Kg in bilty trade at benchmark market Akola.
Tur Lemon-Linkhey was quoted unchanged at Burma on thin trade enquiries from local and overseas.
Tanzania origin Tur Bariyadi quality was priced at $750 per ton and Ethiopia origin White Tur at $780 per ton on cnf basis for July shipment.
As per market sources, Tur prices likely to get support at current low levels as demand in processed pulses expected from retail counters in last week of current month. Meanwhile, the demand in the market has fallen but the manufacturing and other input cost has gone up considerably. But, regular supplies from overseas every month will keep prices under check.
|
Tur ( Prices In Rs /100Kg )
|
|
Market
|
Variety
|
19-Jun-21
|
12-Jun-21
|
05-Jun-21
|
19-Jun-20
|
|
Mumbai
|
Lemon
|
6050
|
6150
|
6000
|
5200
|
|
Akola
|
Desi Bilty
|
6700-6725
|
6750-6800
|
6600-6625
|
5900-5925
|
|
Gulbarga
|
Desi
|
Closed
|
6500-6600
|
6400-6500
|
5500-5650
|
|
|
|
|
|
|
|
|
Tur Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
19-Jun-21
|
12-Jun-21
|
05-Jun-21
|
19-Jun-20
|
|
Akola
|
Phatka
|
9200-9400
|
9300-9500
|
9200-9400
|
8100-8300
|
|
Gulbarga
|
Phatka
|
Closed
|
9200-9600
|
9200-9600
|
7700-8100
|
|
Katni
|
Phatka
|
9350-9450
|
9500-9600
|
9300-9400
|
8450-8550
|
Burma Urad
Prices of Burma Urad FAQ variety dropped Rs 100 at Rs 6,500/100Kg in Mumbai due to slack mills buying support, regular supplies from Burma at Chennai port and also ongoing summer crop new arrivals.
In forward business at Mumbai, Burma Urad FAQwas priced lower at Rs 6,400/100Kg for June-July shipment compare to ready deals.
Similarly, Burma Urad FAQ-SQ varieties in Chennai was also down Rs 100-200 to Rs 6,450/100Kg and Rs 7,050, respectively in ready business.
In forward segment at Chennai, Urad FAQ-SQ variety were priced weak at Rs 6,300/100Kg and Rs 7,000, respectively for July shipment & Rs 6,400 and Rs 7,100 for August shipment.
Govt signed MOU for Urad import of 2.5 lakh tonnes from Myanmar after existing OGL term.
Urad FAQ-SQ varieties were priced unchanged at Burma on slack buying from local and overseas.
Already, direct container vessels carrying urad regularly depart from Yangon for Chennai. Freight charges in container for Chennai-Nhava Sheva around $110-$130.
As per local trader, one breakbulk vessel is expected to start loading approximately 5000 MT Urad for India (Chennai). More break bulk vessel likely to load Urad-Tur as per schedule for India (Chennai). Approximately total 50,000-70,000 MT of pulses expected to be shipped for India in June month.
Ongoing arrivals of summer crop Urad witnessed at Madhya Pradesh and Gujarat. Summer crop new Urad traded in the range of Rs 5,500-6,700/100Kg at Jabalpur and Rs 6,900-7,100 at Veraval market.
|
Urad ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
19-Jun-21
|
12-Jun-21
|
05-Jun-21
|
19-Jun-20
|
|
Mumbai FAQ
|
FAQ
|
6500
|
6600
|
6550
|
6150
|
|
Chennai
|
FAQ
|
6450
|
6550
|
6750
|
6150
|
|
Chennai
|
SQ
|
7050
|
7250
|
7150
|
7300
|
|
Jalgaon
|
Desi
|
6550-6900
|
6700-6950
|
6800-7050
|
6350-6800
|
|
|
|
|
|
|
|
|
Urad Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
19-Jun-21
|
12-Jun-21
|
05-Jun-21
|
19-Jun-20
|
|
Mumbai
|
|
9200-9700
|
9200-9700
|
9500-9800
|
8600-9200
|
Chana Kantewala (Indore)
Chana prices widened losses for third straight week by Rs 75 at Rs 5,025-5,050/100Kg in Indore due to thin mills purchase as Chana dal and besan demand scenario remains slack.
Meanwhile, Stockiest were active to liquidate procured stock as quality may get inferior in near future.
Market players are still cautious about government move on any changes to import duties for Chana-Kabuli Chickpea.
However, prices likely to get support as demand in Chana dal and besan expected in last week of current month from retail counters after easing restrictions in Covid-19 curfews/lockdown across the country.
Moreover, Government agencies restarted Chana procurement on MSP. NAFED has procured 545980.09 MT of Chana at MSP of Rs 5,100 as on June 17, 2021.
Russia-Sudan origin Kabuli Chickpea prices priced steady to firm at Rs 4,950-5,000/100Kg and Rs 4,800-5,000, respectively against limited ready stock.
Dollar variety Chana extended fall by Rs 200 at Rs 7,500-8,100/100Kg in Indore. 42-44 & 44-46 count Kabuli Chana was also widened losses Rs 200 each at Rs 8,650/100Kg and Rs 8,500, respectively.
|
Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
19-Jun-21
|
12-Jun-21
|
05-Jun-21
|
19-Jun-20
|
|
Mumbai
|
Tanzania
|
4650-4700
|
4700
|
4750
|
4125
|
|
Indore
|
Katewala
|
5025-5050
|
5100-5125
|
5150-5200
|
4225-4250
|
|
Delhi
|
Rajasthan origin
|
5100
|
5275
|
5275-5300
|
4300
|
|
Akola
|
|
4925-4950
|
4975-5000
|
4850-4875
|
4425-4450
|
|
Bikaner
|
|
4950
|
5125
|
5150
|
4200-4225
|
|
|
|
|
|
|
|
|
Chana Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
19-Jun-21
|
12-Jun-21
|
05-Jun-21
|
19-Jun-20
|
|
Akola
|
|
5900-6400
|
6000-6500
|
6000-6500
|
5300-5700
|
|
Indore
|
|
6000-6500
|
6500-6800
|
6500-6800
|
5200-5700
|
|
Jaipur
|
|
5800
|
5975
|
6000-6050
|
4950
|
|
|
|
|
|
|
|
|
Chana Besan ( Prices In Rs / 50Kg )
|
|
Market
|
Variety
|
19-Jun-21
|
12-Jun-21
|
05-Jun-21
|
19-Jun-20
|
|
Mumbai
|
|
3500-3550
|
3550-3600
|
3630
|
3150
|
|
|
|
|
|
|
|
|
Kabuli Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
19-Jun-21
|
12-Jun-21
|
05-Jun-21
|
19-Jun-20
|
|
Indore
|
42-44
|
8650
|
8850
|
9350
|
6350
|
|
|
44-46
|
8500
|
8700
|
9200
|
6150
|
|
|
Dollar
|
7500-8100
|
8000-8300
|
8200-8400
|
5000-5600
|
|
Mumbai
|
Sudan
|
4800-5000
|
4750-4950
|
4750-4950
|
NA
|
|
|
Russia
|
4950-5000
|
4950
|
5000
|
4250
|
|
Chana Export From Australia in MT
|
|
Commodity
|
Month
|
Previous Month
|
Year
|
Previous Year
|
Buyer
|
| |
May-21
|
Apr-21
|
2021
|
2020
|
|
|
|
|
|
|
|
|
|
Pakistan
|
UAE
|
Bangladesh
|
|
Chana
|
66156
|
79208
|
577518
|
|
48768
|
6361
|
2984
|
|
Nafed Procured Chana As On 17 June, 2021
|
|
State
|
MT
|
|
Andhra Pradesh
|
10083.8
|
|
Telangana
|
16811.4
|
|
Maharashtra
|
168379.37
|
|
Karnataka
|
22030.77
|
|
Gujarat
|
128589.71
|
|
Madhya Pradesh
|
193706.97
|
|
Rajasthan
|
6378.07
|
|
Total
|
545980.09
|
Imported Masoor (Mumbai)
Canada crimson variety Masoor along with Australia Masoor in Mumbai extended rise by Rs 100-150 each at Rs 6,500-6,550/100Kg and Rs 6,60, respectively amid better mills buying support.
Fresh supplies totalled 61,500 MT of Masoor from Canada arrived at Kakinada-Mundra port. But, importers were not interested to sell and kept in SEZ as still government has yet to announce any changes to import duties for Masoor.
Similarly, Canada crimson variety Masoor at Hajira-Mundra port moved up by Rs 150 at Rs 6,500/100kg and Rs 6,450, respectively, while at Kandla it was priced higher by Rs 150 at Rs 6,400/100Kg.
Moreover, demand and sale counter in processed Masoor witnessed good action this week and traded higher by Rs 100 to Rs 7,550/100Kg.
|
Masoor ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
19-Jun-21
|
12-Jun-21
|
05-Jun-21
|
19-Jun-20
|
|
Mumbai
|
Canada
|
6500-6550
|
6350-6450
|
6250-6375
|
5475-5600
|
|
|
Australia
|
6600
|
6550
|
6450-6475
|
5650
|
|
Mundra
|
Canada
|
6450
|
6300
|
6200
|
5450
|
|
Hajira
|
Canada
|
6500
|
6350
|
6250
|
5475
|
|
Kandla
|
Canada
|
6400
|
6250
|
6150
|
NA
|
|
Kolkata
|
Canada
|
6600
|
6500-6600
|
6550-6575
|
5450-5550
|
|
|
Australia
|
6700
|
6700
|
6650
|
5700-5725
|
|
Indore
|
Desi
|
6175-6200
|
6250-6300
|
6250-6300
|
5500-5525
|
|
Raipur
|
Desi
|
6300
|
6200-6225
|
6100
|
5700
|
|
Kanpur
|
Desi
|
6600
|
6600
|
6550
|
5850
|
|
|
|
|
|
|
|
|
Masoor Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
19-Jun-21
|
12-Jun-21
|
05-Jun-21
|
19-Jun-20
|
|
Khopoli
|
|
7550
|
7500
|
7550
|
6700
|
|
Katni
|
|
NA
|
NA
|
NA
|
6425-6450
|
|
Masoor Export From Canada in MT
|
|
Commodity
|
Month
|
Previous Month
|
Year
|
Previous Year
|
Buyer
|
| |
May-21
|
Apr-21
|
2021
|
2020
|
|
|
|
|
|
|
|
|
|
Turkey
|
India
|
Pakistan
|
|
Masoor
|
180661
|
170635
|
1773718
|
1773718
|
46765
|
41918
|
13714
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Columbia
|
Peru
|
UAE
|
|
Green Masoor
|
21449
|
33589
|
332822
|
287360
|
3969
|
1894
|
1570
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Turkey
|
India
|
Bangladesh
|
|
Red Masoor
|
123431
|
109349
|
1086569
|
|
41690
|
37470
|
11125
|
Moong (Jaipur)
Moong prices gained by Rs 200 to Rs 6,400-7,000/100Kg at Jaipur market of Rajasthan, as per quality, amid fresh mills buying support at lower rates.
Similarly, demand and sale counters in processed Moong reported some participation and traded up by Rs 200 at Rs 8,000-8,200/100Kg.
On other hand, summer crop Moong traded mixed, as per quality, amid limited mills' buying and ongoing summer crop arrivals from producing centres.
Procurement of moong on MSP 7,196/100Kg by the Madhya Pradesh government has commenced in many parts of the state.
NAFED has procured 4528.81 MT of Moong at MSP of Rs 7,196 as on June 17, 2021. Tamil Nadu: 4419.7, Odisha:109.11.
Farmers continue to be in possession of the stock and eagerly waiting for government to procure.
Overviewing all factor, Moong prices likely to remain under pressure due to enthusiastic summer crop in Madhya Pradesh and Gujarat. Arrivals of Moong began in Uttar Pradesh, Jharkhand, Punjab and Bihar. Moreover, farmers are still holding kharif crop Moong in Madhya Pradesh and Rajasthan. Arrivals and supplies stocked in godowns are reportedly enough to offset current requirements.
Moreover, Government action of freeing imports. Tanzania origin Moong priced in the range of Rs 5,500-5,800/100Kg.
|
Moong ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
19-Jun-21
|
12-Jun-21
|
05-Jun-21
|
19-Jun-20
|
|
Jaipur
|
|
6400-7000
|
6400-6800
|
6600-7000
|
7100-7300
|
|
Harda
|
|
5500-6370
|
NA
|
5100-5850
|
5000-6750
|
|
|
|
|
|
|
|
|
Moong Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
19-Jun-21
|
12-Jun-21
|
05-Jun-21
|
19-Jun-20
|
|
Jaipur
|
|
8000-8200
|
7800-8000
|
8000
|
8100-8200
|
|
Gulbarga
|
|
Closed
|
9300-9400
|
9300-9400
|
9700-9800
|
White Pea (Kanpur)
White Pea prices dropped for third straight week by Rs 100-125/100Kg to trade in a range of Rs 4,925/100Kg (dal quality) and Rs 4,975 (40% filter quality) at Kanpur market, due to thin trade activity from local and outstation markets.
As per Kanpur based trader, prices of White Pea are likely to get support as carryover stock is negligible. Moreover, imported White pea stock is also negligible after India banned the import of the yellow peas.
The Supreme Court ordered the absolute Confiscation of Peas and Pulses and directed that re-export be allowed only after recovering the necessary redemption fine.
Estimate stock at various port approximately 2,51,800 MT. Mumbai:90,000, Mundra :1,50,000, Chennai:10,000 and Tuticorin:1800.
|
White Pea ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
19-Jun-21
|
12-Jun-21
|
05-Jun-21
|
19-Jun-20
|
|
Mumbai
|
Canada
|
No Stock
|
No Stock
|
No Stock
|
6000
|
|
Kolkata
|
Canada
|
No Stock
|
No Stock
|
No Stock
|
No Stock
|
|
Kanpur
|
|
4925-4975
|
5025-5100
|
5125-5200
|
4875
|
|
White-Green Pea Export From Canada in MT
|
|
Commodity
|
Month
|
Previous Month
|
Year
|
Previous Year
|
Buyer
|
| |
May-21
|
Apr-21
|
2021
|
2020
|
|
|
|
|
|
|
|
|
|
China
|
Bangladesh
|
Nepal
|
|
Yellow Pea
|
204364
|
204759
|
2497597
|
2327162
|
184551
|
12187
|
2950
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
China
|
Bangladesh
|
US
|
|
Field Pea
|
279969
|
274814
|
3007167
|
2839092
|
224320
|
12187
|
11883
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
China
|
Philippines
|
Nepal
|
|
Green Pea
|
19700
|
21977
|
171153
|
248800
|
9522
|
1652
|
1496
|
(By Commodities control Bureau; +91 9820130172)
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