MUMBAI (Commoditiescontrol) – Major pulses, such as Tur, Urad, White Pea, Moong, Chana along with Kabuli Chickpea moved up for week ending on Saturday (July 31- August 05) amid fresh buying activity from millers and traders at lower rates. The rise in prices was attributed to increased off take in Dal from retailers and wholesalers as pipeline is empty. Retail buying usually increases during month-end up to first week of every month. While, Masoor prices continued to remained weak due to lack of millers buying support and ample of stock.
According to market sources, center expected to approve in selected pulses (Tur/Masoor) export as prices were trading below MSP due to bumper crop. Millers had recommended to open export as they were facing huge losses due to sharp decline in prices.
Week Highlights
# India Kharif Pulses Sowing Up 3.70 % As On Aug 2 At 121.28 Lakh Ha Vs 116.95 Last Year At Same Period. Tur : 37.51 Vs 45.19, Urad : 36.14 Vs 28.29, Moong : 28.89 Vs 28.31, Other Pulses: 18.55 Vs 14.69.
# Nafed To Launch E-Auction Platform Soon (www.nafed.agribazaar.com) To Dispose Huge Stock. Trader Can Also Buy/Sale Other Agri Commodity. Nafed Pulses Stock:13 LT.
# India Pulses Import During April-May 2017 Rises 43.66% At 10.16 LT Vs 7.07 LT Same Period Last Year.
# STC Floats Tender To Sell 2362MT Imported Urad Of Burma Origin 2016 Crop Lying In Chennai. Bid Must Be Submitted On Aug 10 & Will Open On Same Day. Bid Valid Until Aug 22.
# Govt Official: India Govt In A Inter-ministerial Meeting Headed By Jaitley Last Week Asked Cabinet Secretary To Find Alternatives To Support Falling Pulses Prices.
Burma Lemon Tur:
Burma origin lemon Tur rose by Rs 150 to Rs 3,425-3,450/100Kg due to better buying support from millers and traders at existing level, cheaper prices compare to domestic Tur. The rise in prices was attributed to increased off take in Tur Dal from retailers and wholesalers as pipeline is empty. Retail buying usually increases during month-end up to first week of every month.
Tur prices was also supported by concern about Kharif Tur and Moong crops in Karnataka and Maharashtra due to poor rainfall. Both pulses crop needs rainfall desperately, otherwise significant losses to the crops can't be ruled out.
Buyers are still cautious in the market and purchasing as per requirement on immediate basis as government had procured large quantity of Tur stock from farmers and may sell the stock in the market to create space for upcoming kharif crop despite losses as they had earlier purchased at minimum support prices, and current rates are much lower than MSP.
According to market experts the government should fix the prices of Tur above minimum support and should not clear their stock below MSP or at current lower market prices. Selling Tur at lower prices may led to panic in market and likely to weigh on prices. This will not only hurt traders, but lower prices will impact farmers as well, as there will be higher probability for farmers to get poor rates for their produce during the kharif harvesting period 2017.
Government should take some positive steps like restricting imports from overseas before liquidating their stock as Rupee appreciated and imports would be more cheaper.
There are reports in the market that government is considering to allow pulses exports, but it will not make any significant impact on markets due to higher availability in the country.
Statewise Kharif Tur Sowing Down 16.99 % As On Aug 02 Vs Same Period Last Yr (LAKH HA).Maharashtra:11.80 Vs 13.94, Karnataka:8.01 Vs 10.74, Uttar Pradesh:2.80 Vs 2.30, Andhra Pradesh:0.97 Vs 1.91, Madhya Pradesh:5.84 Vs 6.34, Gujarat:2.52 Vs 2.85, Telangana:2.31 Vs 3.85, Total:37.51 Vs 45.19.
Prices of processed Tur also traded higher by Rs 200/100Kg on good trade activity from consumer centre’s. In Maharashtra, processed Tur Phatka Sortex quality priced at Rs 5,500/100 Kg, semi-Sortex at Rs 5,300 and regular at Rs 5,100-5,150.
Burma Urad:
In Mumbai, Burma origin FAQ and SQ variety Urad traded higher by Rs 350 to Rs 4,100/100Kg and Rs 5,050/100Kg respectively on millers buying at lower rates.
Bikaner origin branded Urad dal price firmed by Rs 500-600 to Rs 5,400-5,500/100Kg. Tiranga brand of Mumbai was offered at Rs 5,800/100Kg. Parivar brand of Jalgaon also gained at Rs 5,600/100Kg.
At Chennai, Urad FAQ and SQ variety moved up this week by Rs 300-400 to Rs Rs 4,250-4,275/100Kg and Rs 4,950 respectively in ready business on millers buying activity.
Buyers were cautious and were purchasing as per their immediate requirement due to fluctuation in urad prices from last one week.
Urad prices had declined sharply in previous month on panic selling in domestic market due to good monsoon in producing area, higher acreage and supply from Burma at Mumbai and Chennai port. But, now buyers from south India and Delhi were active at lower rates amid no supply pressure from Burma in near future on low quantity cargo arrivals, no major trade committments by Indian buyers for Burma origin.
However, higher acreage, sufficient availability of crop in domestic market and regular arrivals of summer crop urad may limit the gain.
Statewise Kharif Urad Sowing Up 27.74 % As On Aug 02 Vs Same Period Last Yr (LAKH HA). Karnataka:1.16 Vs 0.81, Andhra Pradesh:0.26 Vs 0.35, Maharashtra:4.43 Vs 4.10, Uttar Pradesh:3.98 Vs 4.72, Rajasthan:5.40 Vs 3.62, Madhya Pradesh: 16.67 Vs 10.21, Tamil Nadu:0.35 Vs 0.37, Total:36.14 Vs 28.29.
Chana Kantewala (Indore):
In Indore market, Chana priced firm by Rs 250 to Rs 5,250/100Kg on fresh physical trade activity, firm cues from futures and good demand in Chana dal.
Chana for September delivery ended higher by Rs.55 (1%) at Rs.5,136/100Kgs on the National Commodity & Derivatives Exchange Limited (NCDEX). Earlier in the day, the contract opened at Rs.5,077 dropped to Rs.5,048 and touched a high of Rs.5,147.
Australia origin Chana in ready business at Mundra and Mumbai port gained by Rs 200-250 to Rs 5,300/100Kg respectively on improved physical buying support ahead of festive period despite expectation of fresh supply around 27,000 ton from overseas in break-bulk vessel at Kandla port.
On other hand, new Chana crop of Australian origin (2017) ruled flat at Rs 4,800/100Kgs for October-November shipment and Rs 4,750 for November-December shipment.
In forward business, Australia origin chana was priced lower around $770 per ton on CNF basis for August shipment.
Australian Chana dal traded higher at Rs 6,500/100 Kg, up Rs 300. Domestic Chana dal of Latur origin was priced at Rs 6,600. Regular chana dal was traded at Rs 6,300/100Kg. While, Chana besan variety offered flat at Rs 3,700/50 Kg and Vatana besan at Rs 1,580/50 Kg. Vatana dal was unchanged at Rs 2,725.
NAFED procures 58831.61 MT of Chana As On August 03. Rajasthan: 43,475.01 MT, Madhya Pradesh: 13,903.80 MT, Uttar Pradesh: 1,144.80 MT and Haryana: 308 MT. Total target of procurement by government agencies is around 4 lakh metric tonnes of Chana.
Kabuli Chana in ready business at Indore market rose by Rs 300-400/100Kg to Rs 12700 for 42-44 count and Rs 12500 for 44-46 count amid better demand from exporters and stockiest despite improved arrivals.
According to market sources, prices may sustain at higher rates in raw Chana at spot market, if actual demand support in processed Chana from retailers and wholesale counters as pipeline is empty.
Buying by millers will increase in Chana in near future in order to meet the demand in processed Chana from consumption centers ahead of upcoming festive season. Short term rise during festive period can't be ruled out. But, sufficient stock of Chana and White Pea may limit the gain.
Stockiest who had maintained stock at higher rates around 6,000/100kg earlier will be active to liquidate their stock in the market at every rise. Demand in Chana Dal may be subdued at higher rates and also may shift to other dal, such as White Pea dal, Tevda dal and Batri dal due to cheaper price. Already, we have mentioned that the consumption of White Pea dal had increased compare to Chana Dal due to cheaper rates.
Canada Masoor (Mumbai):
Canada origin crimson variety Masoor continued to eased by Rs 50 to Rs 3,225-3,450/100Kgs due to slow buying from millers as demand from consumption centers were limited. Further, supply from overseas in vessel Lowlands Amstel and adequate stock position in Madhya Pradesh and Uttar Pradesh have restricted the prices.
Moreover, importers were in dismay and hesitant as they were suffering with heavy losses amid difference in purchase price and current market rates.
On other hand, rates of Canada Masoor dal of Bhiwandi mills were traded firm at 4,250/100Kgs, for APMC Vashi market delivery on some fresh lower level buying activity.
Canada White Pea (Mumbai):
Canada origin white pea at Mumbai traded firm by Rs 60 to Rs 2,271/100Kgs on millers trade activity despite continue supply from overseas at Mumbai and Kolkata port. Moreover, business activity in matar dal and besan was good from consumption centers due to cheaper prices ahead of festive period.
Moong (Jaipur):
Moong priced gained as per quality at Rs 4,500/100Kg, up Rs 400 during the last week on fresh miller buying support at lower rates and scanty rain in Karnataka and Maharashtra. Earlier rain was reported good in June month, but total dry weather in July month. The farmers who opted to sow Moong are now concern about their crop due to lack of rainfall followed by higher temperature. Moong yield is likely to decline.
Similarly, Moong dal prices also traded higher by Rs 300 to Rs 5,400-5,500/100Kg.
State wise Kharif Moong Sowing Up 2.05 % As On Aug 02 Vs Same Period Last Yr (LAKH HA). Rajasthan:15.07 Vs 12.25, Karnataka:3.32 Vs 3.89, Maharashtra:4.11 Vs 4.70, Tamil Nadu:0.16 Vs 0.35, Andhra Pradesh:0.12 Vs 0.29, Madhya Pradesh:2.05 Vs 1.74, Odisha:1.36 Vs 1.24, Uttar Pradesh:0.37 Vs 0.41, Telangana:0.85 Vs 2.60, Total:28.89 Vs 28.31.
Nafed On July 03 Sold 442.03 MT Moong In Maharashtra. Deglur: 200 MT (Rs 4275). Telhara: 42.03 MT (Rs 4280), Akot: 4270 MT (Rs 4270), Total Quantity Sold So Far 4545 MT.
(By Commoditiescontrol Bureau +91-22-40015513)