Weekly: Tur Among Major Loser In Pulses Complex

MUMBAI (Commoditiescontrol) – Tur followed by urad and chana, masoor dropped during the week ending on Saturday (26-30 December) due to poor off take from mills owing to slack buying from consumption centers for processed pulses. However, Canada matar rose due to renewed demand from mills at lower level.

Commodity	Variety	Market	Last Traded	1 Week	1 Month	6 Months	1 Year
Chana	Kantewala	Indore	4050	-1.22%	-7.95%	-24.30%	-51.20%
Tur	Lemon	Mumbai	3900	-4.88%	9.09%	10.64%	-18.75%
Urad	FAQ	Mumbai	4050	-3.57%	No Change	-10.99%	-36.23%
Moong	Desi	Jaipur	5200	No Change	4.00%	13.04%	15.56%
Masoor	Canada	Mumbai	3700	-2.63%	5.71%	No Change	-22.11%
Matar	Canada	Mumbai	2651	0.38%	7.28%	16.73%	9.94%

Week Highlights
#Rabi Sowing of Pulses Up By 8.88% at 150.63 lac HA compared to 138.34 lac HA last year. Chana: 101.88 Vs 89.26, Masoor16.83 Vs 16.11, Matar 9.39 Vs 9.65, Urad 6.47 Vs 6.73, Moong 2.97 Vs 3.63, Others 5.34 Vs 5.48.
#Pulses Import At JNPT In Nov Vs Oct 2017 (MT): Matar: 226,502 Vs 342,286, Chana: 79,872 Vs 115,652, Moong: NIL Vs 1,320, Masur: 51,516 Vs 15,996, Tur: 29,424 Vs 1,872, Urad: NIL Vs 672 (Full Report).
#NCDEX imposed special margin of 15% on short side (in addition to existing Special margin of 5% on short side) on all the running contracts and yet to be launched contracts in Chana with effect from January 01, 2018.
#Pre-Expiry Margins On Chana NCDEX Contract To Be Levied At 1.50% From 1st Day Of Jan 2018 Till Expiry of Contract. Previously Levied At 1.50% Per Trading Day In Last 11 Trading Days Of Contract.
#Market regulator SEBI on 28 Dec approved convergence of stock and commodity bourse from October 2018. The NSE and BSE to launch commodity products on their platforms.

Lemon Tur (Mumbai):
During the week, Burma origin tur lemon variety at Mumbai dipped by around 4.88% or Rs.150 to 3,900/100Kgs due to slackened demand from millers and traders owing to sluggish buying support for processed tur from consumption centers.

Moreover, supply of new tur had begun in selective markets of Maharashtra and Karnataka which is likely to gain momentum from mid-January onwards. The main cause for delay in arrivals is due to weather concerns which had led to decline in yield and quality of tur for current season (2017-18). (CC Special- Vidarbha Crop Survey).

However, farmers may be reluctant to liquidate their produce in the open market mainly as prices are currently ruling below the minimum support price of Rs.5,450/100Kgs (includes Rs.200 bonus).

Karnataka government has proposed an incentive of Rs.550 per quintal to growers of tur in addition to the Centre’s MSP Rs.5450, as the harvest has begun in the key growing regions of the state. As a result, farmers will get a price of Rs.6,000/100Kgs for tur this year.

The procurement of tur is likely to begin from 26 December 2017 onwards. The state has fixed a procurement ceiling of 20 quintals per farmer for Rs.6,000/100Kgs. Likewise, procurement of tur at MSP level in Maharashtra should also begin soon.



The government procurement process will play a vital role as farmers will try to sell their inventories at MSP rates instead at low prices in the market. Moreover, government is liquidating old stock of tur through tenders and PDS schemes in order to make room in warehouses for new crop.

Demand and trading activity in processed tur was reported weak as sellers were active to liquidate their dal stocks. Consumption demand in dal shifts to green vegetables during winter season.

In Maharashtra, tur dal new Phatka Sortex quality offered at Rs.5,800, semi-Sortex at Rs.5,650 and regular at Rs.5,500-5,550 all lower in the range of Rs.100-200 per quintal respectively.

Gujarat origin Wasat Phatka variety new quoted steady at Rs.6,500-6,600/100Kgs and old at Rs.6,100-6,300/100Kgs, but no buyers were active in the market.

Latur origin new Phatka variety unchanged at Rs.6,300-6,400 and old at Rs 6,100 per quintal respectively. Jalna origin new Phatka variety priced at Rs.6,500-6,600/100Kgs and old at Rs.6,200-6,300/100Kgs.

Tur prices in the near term may remain steady to weak due to ongoing new supply of domestic crop and expectation in rise of arrivals from mid-January. However, sharp fall will be capped by lower crop prospects and demand from mills at bottom level.

Urad FAQ (Mumbai):
Burma origin urad FAQ variety sheds by 3.57% or Rs.150 to Rs.4,050/100Kgs due to poor off take in demand from mills at prevailing rates. Further, buying support for urad dal from retail and wholesale counters remained slack.

Moreover, market participants are incurious to source mainly as they are aware of adequate supply of domestic crop from producing belts and it is also available at cheaper rates.



According to the weekly report released by Ministry of Agriculture, India following are the state-wise Urad acreage report as on December 27 (Full Report).

In Chennai, urad FAQ and SQ varieties had also declined by Rs.100 and Rs.250 to Rs.4300 and Rs.5150 per quintal respectively mainly due to muted demand from mills and trades.

Prices of urad likely to remain range bound due to sufficient stock positions of domestic crop and muted demand in the market. However, in Madhya Pradesh, farmers had liquidated their stocks in Bhavantar Yojana to get better returns.

Chana Kantewala (Indore):
Chana kantewala variety sheds by 1.22% or 4,050/100Kgs due to subdued trade activity, followed by better Rabi sowing figures. Further, favorable weather conditions indicate bumper crop produce of the commodity in upcoming season which kept the buyers at the sideline.

According to the weekly report released by Ministry of Agriculture, India following are the state-wise Chana acreage report as on December 27 (Full Report).

Australia had urged India to allow a transition period for newly introduced tariffs on imported pulses to avoid any disruption to existing contracts or shipment in transit. India had imposed 30% import duty on Chana and Masoor along with 50% tariff on Matar.

The market regulator, Securities Exchange Board of India (SEBI) has a close eye on chana manipulation in futures market (NCDEX). Despite several measures taken by the government prices of the commodity have decreased. If market does not improve SEBI may take stringent action i.e. it may ban futures trade of chana.

In addition, dull cues from futures market and poor demand for chana dal from retail and wholesale had also exerted pressure on the commodity.



At National Commodity and Derivatives Exchange (NCDEX), chana for January contract weak by 1.64% (from Rs.4,082 to Rs.4,015) due to selling pressure from participants and dull cues from spot market.

However it ended firm on Friday by 0.98 per cent or Rs.39 at Rs.4,015/100Kgs. Earlier in the day, the contract had slid to Rs.3,993 and touched a high of Rs.4,081.

Australian chana dal slumped by Rs.200 to Rs.5,100/100Kgs in the prevailing week due to lackluster trade from wholesalers and retailers since alternate option of cheapest dal such as matar dal is available.

Likewise, domestic chana dal of Maharashtra also remained weak by Rs.200 to Rs.5,300 and regular chana dal ease by Rs.200 to Rs.5,100 all per quintal respectively. While, chana besan down by Rs.100 to Rs 3,360/50Kgs.

However, vatana besan quoted steady at Rs.1,761/50Kgs, vatana dal also offered flat at Rs.3,050/100Kgs.

Crimson Masoor (Mumbai):
Canada origin Crimson variety fell by Rs.100 to Rs.3,300-3,700/100Kgs in Mumbai due to subdued millers buying coupled with sufficient stock positions of overseas and domestic crop. Demand in processed masoor was reported slack at current rates from consumption centers.

Fresh supply of overseas masoor crop at Indian port currently remained negligible as government had imposed 30% import duty on the commodity.

According to the weekly report released by Ministry of Agriculture, India following are the state-wise Masoor acreage report as on December 27 (Full Report).



Canadian White Pea (Mumbai):
Canada origin White Pea at Mumbai firm by 0.38% to Rs.2,651/100Kgs amid millers buying support at lower level and slow supply from overseas after government imposed 50% import duty.

However, demand for processed Matar from consumption centers was reported as per requirement due to cheaper prices compare to processed chana.

According to the weekly report released by Ministry of Agriculture, India following are the state-wise Matar acreage report as on December 27 (Full Report).

Being the cheapest in price among the pulses complex, matar is likely to get support as demand will be witnessed at lower rates.



Moong (Jaipur):
Moong more or less ruled steady in Jaipur market at Rs.5,100-5,200/100Kgs as per quality during the last week on limited buying support from mills and slow supply across the country. However, Moong dal edged lower by Rs.100 to Rs.6,300/100Kgs amid ease in buying from consumption centers.

The demand was constrained as millers were only interested to purchase superior quality moong.

According to the weekly report released by Ministry of Agriculture, India following are the state-wise Moong acreage report as on December 27 (Full Report).



(By Commoditiescontrol Bureau: +91-22-40015523)