MUMBAI (Commoditiescontrol) – Major pulses such as, Tur, Urad, Chana, Moong, Masoor and White Pea remained weak ending on Saturday (September 18 - 23) amid sluggish trade activity from millers and traders as demand in processed pulses still remained sluggish from wholesale/retail counters despite upcoming festive period. Sentiment were pressurized due to liquidity crunch, absence of bulk buyers, stockiest. Lower level may attract actual buyers in near future as pipeline is empty.
Week Highlights
# India Kharif Pulses Sowing Down 3.47 % As On Sep 22 At 141.18 Lakh Ha Vs 146.26 Last Year at same period. Tur : 43.26 Vs 52.77, Urad : 42.88 Vs 35.26, Moong : 31.73 Vs 34.50, Other Pulses: 22.61 Vs 23.07.
# Maharashtra Government Asks APMC To Make Sure Kharif Agri Commodity Should Be Bought At MSP. In Case Agri Product Sold Below MSP Than Its AMPC Duty To Take Action Against Buyers.
# NCDEX Excluded Ganj Basoda As Additional Delivery Centre For Chana. Effective For March Contract & Thereafter. Exchange Modifies Parameter For Varietal Admixture To 5% From 3%.
# Maharashtra 1st Advance Estimates 2017 V/s Final 2016 (In Lac Tonnes).Tur:11.54 V/s 20.35(-37.10%), Moong1.39 V/s 3.00 (-53.67%).
# Telangana First Advance Estimates 2017 VS Final 2016 (IN LAC TONNES). Tur:1.34 V/s 2.57(-47.86), Urad 0.19 V/s 0.33(-42.42), Moong 0.49 V/s 0.82(-40.24).
# Russia 2017-18 Vs 2016-17 Matar Supply-Demand (LT). Open Stock:5.82 Vs 3.09, Production: 26.02 Vs 21.99, Domestic Use:12.81 Vs 12.21, Export:8 Vs 7.19, Total Demand:20.81 Vs 19.4, End Stock: 11.13 Vs 5.82.
Burma Lemon Tur:
Tur lemon variety of Burma origin declined by Rs 75-100 to Rs 3,800-3,825/100Kgs amid sluggish trade activity from millers due to lackluster demand in processed Tur from Wholesale /retail counters, and government liquidating stock below MSP.
Imported Tur may find some support after Maharashtra government moves asking APMC's to make sure that agri produce should be bought at minimum support (MSP) level. Government move will hesitate traders and millers to procure the commodity from the local market, which may led to market closure. The traders also raised their concern by saying that "Government is selling its own stocks of Tur below MSP ( Rs 3,625-4,000/100Kg) in Maharashtra, Karnataka and Gujarat, and asking traders to procure above MSP."
Similarly, Processed Tur also priced weak by Rs 50-100/100Kg. In Maharashtra, processed Tur Phatka Sortex quality priced at Rs 5,900/100 Kg, semi-Sortex at Rs 5,700 and regular at Rs 5,500.
Statewise Kharif Tur Sowing Down 18.02 % As On Sep 20 Vs Same Period Last Yr (LAKH HA). Maharashtra:12.74 Vs 15.31, Karnataka:8.79 Vs 11.91, Uttar Pradesh:3.36 Vs 3.52, Andhra Pradesh:2.47 Vs 3.09, Madhya Pradesh:6.51 Vs 6.90, Gujarat:2.70 Vs 3.45, Telangana:2.51 Vs 4.31, Total:43.26 Vs 52.77.
Burma Urad:
In Mumbai, Burma origin FAQ variety Urad traded weak by Rs 200 to Rs 4,400-4,425/100Kg on subdued buying at existing rates coupled with arrivals of new domestic Urad in major states, higher acreage and availability of sufficient stock.
At Chennai, Urad SQ and FAQ variety fell this week by Rs 100-200 to Rs 6,000/100Kg and Rs 4,500 respectively in ready business on dull buying activity.
Similarly, Bikaner origin branded Urad dal price offered weak at Rs 6,100-6,200/100Kg. Tiranga brand of Mumbai at Rs 6,300/100Kg. Parivar brand of Jalgaon also declined at Rs 6,100/100Kg.
According to market talk, recent rainfall in major states had damage quality of crop and also arrivals may delayed. Quality contains moisture and dagi.
Urad prices can get also support if Government starts purchasing Urad at MSP price of Rs 5,400 (Including Bonus Rs 200) or lower level prices attract purchasers because of dry quality for short term basis due to upcoming festive period as retailers/Wholesalers pipeline is empty.
Statewise Kharif Urad Sowing Up 21.61 % As On Sep 20 Vs Same Period Last Yr (LAKH HA).Karnataka:1.30 Vs 0.83, Andhra Pradesh:0.37 Vs 0.51, Maharashtra:4.83 Vs 4.54, Uttar Pradesh:5.96 Vs 6.01, Rajasthan:5.40 Vs 3.90, Madhya Pradesh: 17.89 Vs 11.68, Tamil Nadu:0.50 Vs 0.60, Total:42.88 Vs 35.26.
Chana Kantewala (Indore):
In Indore market, Chana priced lower by Rs 150 to Rs 5,650/100Kg on weak cues from futures, dull physical buying from millers as demand in processed Chana was sluggish and also fresh supply in containers and Vessel S Bravery carrying 28,775 tonnes Australia Chana is discharging at Mumbai port.
Vessel M V BERGE SHARI carrying 30,300 tonnes of Australia Chana is expected to arrive at Mumbai port on September 24.
Australia origin Chana in ready business at Mumbai and Mundra port remained weak by Rs 175 to Rs 5,675-5,700/100Kg and Rs 5,725-5,750 respectively.
New crop Australia chana (2017) also offered lower by Rs 50 to Rs.5,350/100Kgs for October-November shipment and Rs.5,300/100Kgs for November-December shipment on negligible trade despite lower forecast in Australia.
Chana for October delivery on National Commodity and Derivatives Exchange (NCDEX) was settled lower 3.2 percent or Rs 189 down at Rs 5,790/100kg. Earlier in the day, the contract had slide to Rs 5,778 and touched a high of Rs 5,987.
In forward business, new crop of Australia Chana priced at $835 per ton for October-November shipment and Tanzania chana at $865 per ton for September-October shipment.
Australian Chana dal priced lower by Rs 100 at Rs 7,100/100 Kg due to sluggish trading activity from Wholesalers/Retailers counters. Domestic Chana dal of Maharashtra at Rs 7,200. Regular chana dal at Rs 7,100/100Kg. Chana besan variety also eased at Rs 4,200/50. Vatana besan at Rs 1,601/50 Kg. Vatana dal quoted lower at Rs 2,581, down Rs 50.
Kabuli Chana in ready business at Indore market traded lower by Rs 100 to Rs 14000 for 42-44 count and Rs 13800 for 44-46 count amid slack demand from exporters and traders.
As per market talks, still more correction is expected due to weak technical chart and also dull demand in processed. But, buyers may be attracted at lower rates or at any correction in Chana prices due to lower forecast of Chana crop in Australia, on upcoming demand for ongoing festive period till Diwali and also sowing period starts from October in domestic markets.
Imported Masoor (Mumbai):
Canada origin crimson variety and Australia origin nugget variety masoor declined by Rs 100 to Rs 3,500/100Kg and Rs 3,700 respectively on dull mills buying support, sufficient stock of imported/domestic Masoor and also expectation of supply from overseas.
Similarly, rates of Canada Masoor dal of Bhiwandi mills were traded lower by Rs 100 to 4,450/100Kgs, for APMC Vashi market delivery on sluggish buying activity.
In forward business, Australia origin Nugget variety masoor was priced at $555 per ton on CNF basis Nhava- Sheva for September-October shipment. Canada crimson variety masoor offered at $545 per ton in container and $520 in vessel on CNF basis For September-October shipment.
Imported White Pea (Mumbai):
Canadian origin white pea at Mumbai was offered down by Rs.50 to Rs 2,121/100Kgs on slack trade activity at existing rates coupled with regular supply at Mumbai and Kolkata port. Moreover, business activity in matar dal and besan was thin from consumption centers despite cheaper pulses. Russia origin White Pea also priced lower by Rs 40 to Rs 2,021.
In forward business, Canada White Pea in bulk was priced at $315 per ton on CNF basis Nhava- Sheva for September-October shipment. Russia White Pea Baltik variety was priced at $285-$300 per ton on CNF basis Nhava- Sheva for September-October shipment.
Moong (Jaipur):
Moong priced lower in Jaipur market as per quality at Rs 4,200/100Kg, down Rs 500 during the last week on improved arrivals of new kharif Moong in major states and major arrivals quantity contains moisture, dagi and discolour variety due to recent rains. Millers were interested to purchase superior and dry quality crop of Moong. Moreover, millers and traders were cautious and not interested to source Moong with high content of moisture, dagi and discolour variety.
Similarly, Moong dal prices also traded weak by Rs 100-200 to Rs 5,900/100Kg.
NAFED Procured 168.90 MT Moong (Kharif 2017) In Telangana Under PSS As On 19-09-2017 At MSP Price Of Rs 5575 (Rs 5375+200 Bonus).
Statewise Kharif Mung Sowing Down 8.02 % As On Sep 20 Vs Same Period Last Yr (LAKH HA) Rajasthan:15.70 Vs 15.34, Karnataka:3.67 Vs 4.15, Maharashtra:4.53 Vs 5.12, Tamil Nadu:0.27 Vs 0.35, Andhra Pradesh:0.16 Vs 0.33, Madhya Pradesh:2.28 Vs 2.25, Odisha:2 Vs 1.95, Uttar Pradesh:0.45 Vs 0.49, Telangana:0.89 Vs 2.60, Total:31.73 Vs 34.50.
(By Commoditiescontrol Bureau +91-22-40015513)
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