MUMBAI (Commoditiescontrol) – Tur, Urad, Moong along with White and Green Pea moved higher during the week ended Saturday (January 28- February 2) due to buying support from mills after Ministry of Finance, asked customs, Chennai to stop clearance of bill of entries and not give OCC with immediate effect.. While, Chana widened losses amid dull trade activity. On the other hand, Masoor ruled unchanged on slow trading volume.
Week Highlights
# Ministry of Finance, Department of revenue on 31 st January has asked commissioner of customs, Chennai to stop clearance of bill of entries pertaining to Yellow peas, Green peas, Dun peas, and Kapasa peas and not give OCC with immediate effect.
# Rajasthan 1st Advance Estimate for Rabi Crops: Chana: 21.63 LT V/s 16.30 LT Last Year.
# Madhya Pradesh Government Will Procure 27 Lakh Ton Of Chana, Masoor, Mustard Harvested In 2018-19 From March 11 For Three Month At MSP Under Price Support Scheme.
# Karnataka Second Advance Estimates 2018-19 Vs Fourth Advance Estimates 2017-18 (In LT). Tur:5.82 Vs 8.40 (-30.71%), Moong:1.38 Vs 1.28 (+7.81%), Chana:5.23 Vs 7.21 (-27.46%).
# Centre Gave Permission To Purchase 16900 MT Moong & 58425 MT Urad In Tamil Nadu. Procurement Will Start From February 1.
Burma Lemon Tur:
Tur Lemon variety of Burma origin gained by Rs 200 to Rs 5,000/100Kg in Mumbai following firm trend in domestic markets, better millers demand due to its cheaper prices and less supply of new tur in the country compared to the same period last year.
Demand and sale counters in old and new processed Tur were good from consumption centres which have also supported prices.
Moreover, Ministry of Finance, Department of revenue on 31 st January has asked commissioner of customs, Chennai to stop clearance of bill of entries pertaining to Yellow peas, Green peas, Dun peas, and Kapasa peas and not give OCC with immediate effect.
In Mumbai, Mozambique Tur Zebra variety also traded higher at Rs 4,000/100Kg, Gajri variety at Rs 4,650 and red variety at Rs 4,400 on millers trade activity.
Similarly, domestic tur in bilty trade at Akola also moved higher at Rs 5,675-5,700/100Kg on millers and stockiest demand.
NAFED has successfully procured 42472.50 MT of Tur at Minimum Support Price of Rs 5,675/100kg as on January 31, 2019. Telangana:42342.05, Karnataka:130.45.
Latur origin old Phatka variety Tur dal traded higher by Rs 300-400 at Rs 7,100-7,300/100Kg for Mumbai delivery, Gujarat origin Wasat old phatka variety offered at Rs 7,100-7,300/100Kg, Khamgaon origin old Phatka variety at Rs 7,000-7,200/100Kg (Mumbai Delivery) and Jalna origin old phatka variety at Rs 7,200-7,300/100Kg (Mumbai Delivery).
Similarly, Latur origin new Phatka variety also gained by Rs 300 at Rs 7,700/100Kg for Mumbai delivery, Gujarat origin Wasat new phatka variety offered at Rs 7,900-8,200/100Kg, Khamgaon origin new Phatka variety at Rs 7,400/100Kg (Mumbai Delivery) and Jalna origin new phatka variety at Rs 7,900-8,100/100Kg (Mumbai Delivery).
As per APMC market Vashi based trader, prices of tur dal may get more support on improved buying due to monthly counter despite ample availibilty stock of old Tur and Tur dal with mills and stockiest in domestic market and likely to continue for a month.
Burma Urad:
Burma Urad FAQ variety ruled firm by Rs 50-75 at Rs 4,450-4,475/100Kg at the Mumbai market following firm cues from Chennai as sellers refrained to liquidate stock after Ministry of Finance, asked customs, Chennai to stop clearance of bill of entries and not give OCC with immediate effect.
Meanwhile, millers are active in purchasing imported Urad as they are facing difficulty in getting good quality of domestic urad stock.
Similarly, in Chennai, Urad SQ/FAQ variety also moved higher by Rs 300 at Rs 5,400/100Kg and Rs 4,400, respectively in ready delivery as per condition.
Millers were already holding stock at higher prices earlier due to lower domestic output compared to last year. But, unexpected imports at Chennai/Kolkata had changed the sentiments and prices drops sharply from higher rates.
However, higher stocks of imported urad at Chennai godowns and upcoming arrivals of domestic crop from Southern markets are likely to limit the gains.
Sale counters in processed urad remained good at prevailing rates following firm trend in raw urad.
Bikaner origin branded Urad dal priced higher at Rs 6,000-6,400/100Kg for Mumbai delivery. Tiranga brand of Mumbai also quoted at Rs 6,550/100Kg for Mumbai delivery, Parivar brand of Jalgaon at Rs 6,200/100Kg for Mumbai delivery.
NAFED has successfully procured 419046.22 MT of Urad at Minimum Support Price of Rs 5,600 as on Jan 31, 2019. Rajasthan: 77444.94, Maharashtra :7699.3, Telangana:578.39, Madhya Pradesh:298599.69, Uttar Pradesh:28633.8,Karnataka: 10.1, Gujarat:6080.
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Chana Kantewala (Indore):
Chana prices remained more or less steady at Rs 4,275/100Kg in Indore amid thin physical trade activity as per requirement. However, demand and sale counters in Chana dal and besan remained slackened.
Sentiments are still weak as arrivals of new crop are likely to improve and increased availability of the government stock and the rise in selling pressure of chana by the NAFED, especially in the states of Madhya Pradesh and Rajasthan.
Balance Stock of procured Chana with Nafed is 2074401.45 MT as on 31 January, 2019.
On other hand, Australia origin Chana in ready business at Mumbai and Mundra port fell by Rs 75 each at Rs 4,125/100kg, respectively.
While, Burma origin chana traded flat at Rs 4,050/100Kg on thin buying activity.
Chana for March delivery on National Commodity and Derivatives Exchange (NCDEX), was settled higher by 0.6 per cent or Rs 25 at Rs 4,235/100kg. Earlier, in the day, the contract hovered in the range of 4,206 and 4,240 on Friday.
Chana stocks at NCDEX accredited warehouses stood at 6917 metric tonnes (Akola: 1,656, Bikaner 5,039 and Jaipur 222) as on 31st January, down from 6927 metric tonnes in the previous session, the exchange data showed.
Australian chana dal quoted lower by Rs 50 at Rs 5,400/100 Kg for Mumbai delivery on dull trade activity. Domestic chana dal of Pistol brand also offered weak by Rs 50 at Rs 5,700 for Mumbai delivery, Angel brand at Rs 6,000 for Mumbai delivery, Samrat brand at Rs 5,900 for Mumbai delivery. Chana besan also fell by Rs 25 at Rs 3,025/50Kg. On other hand, Vatana besan gained by Rs 25 at Rs 3,025/50 Kg and Vatana dal at Rs 5,350.
In Mumbai, Sudan/Burma origin kabuli chana traded unchanged each at Rs 4,150/100Kg and Rs 4,450, respectively amid limited trade activity by besan flour millers and traders.
Flour millers were active in purchasing chana due to cheaper prices and easy availability compared to White Pea.
Kabuli Chana dollar variety at Indore priced higher by Rs 200-300 at Rs.5,500-6,200/100Kgs as per quality at Indore and also concerns of crop damage of upto 20-30% due to prevailing cold wave conditions.
Kabuli chana of 42-44 and 44-46 counts also traded firm by Rs 100 at Rs 6,900/100Kg and Rs 6,700, respectively at Indore market.
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Imported Masoor (Mumbai):
Canada origin Masoor in vessel/container both old/new along with Australia Masoor old/new offered unchanged in Mumbai on thin millers buying.
Canada crimson variety masoor in vessel/container new priced at Rs 4,300/100Kg and Rs 4,350, respectively.
Canada crimson variety masoor in vessel/container old also offered unchanged at Rs 4,100-4,200/100Kg and Rs 4,200-4,300, respectively.
Similarly, Australia masoor nugget variety both old/new also quoted steady at Rs 4,300/100Kg and Rs 4,400, respectively as per quality amid limited stock availability.
Demand in processed masoor from consumption centers reported thin. Canada Masoor Khopoli spot traded flat at Rs 5,150/100Kg.
As per market sources, favourable weather for Masoor crop in Madhya Pradesh and Uttar Pradesh along with upcoming supply from Canada in near future will limit the gains. Arrivals of new Masoor likely to began from month end in Madhya Pradesh, Uttar Pradesh and Rajasthan.
Although, importers had booked the cargo at higher prices around $450 Cnf basis against landing cost around Rs 4,500/100Kg.
But, further rise in Tur price may support masoor prices at lower rates due to substitute and also cheaper prices.
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Imported White Pea (Mumbai):
Canada origin White Pea at Mumbai and Mundra port along with Ukraine White Pea new at Mumbai gained by Rs 50-100/kg due to shortage of ready stock, buying support from mills and also after Ministry of Finance, Department of revenue on 31 st January has asked commissioner of customs, Chennai to stop clearance of bill of entries pertaining to Yellow peas, Green peas, Dun peas, and Kapasa peas and not give OCC with immediate effect.
Canada White Pea old traded at Rs 4,750/100Kg at Mumbai and Rs 4,650 at Mundra port. Ukraine White Pea new ruled firm at Rs 4,800 at Mumbai.
However, demand in matar dal/besan remained slow at prevailing rates as millers and traders are preferring to purchase domestic chana or Sudan/Burma origin kabuli chickpea due to cheaper prices as compared to white pea.
Vessel M V Andrew Carrying 27800 Tonnes Of Ukraine White Pea arrived on 22nd January is discharging 18860 at Diamond Harbour in Kolkata port.
Vessel M V Bravo Carrying 54720 Tonnes Of Canada White Pea Is Expected To Arrive At Mundra Port On 2 Feb, 2019.
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Moong (Jaipur):
Moong prices gained by Rs 200 at Rs 5,200-5,700/100Kg as per quality at Jaipur market amid millers buying support at lower rates and following firm cues of Tur prices.
Moong dal prices also traded firm by Rs 100 at Rs 6,700-6,800/100Kg, depending on the variety.
However, Nafed were active in selling old procured balance stock of Kharif 2017 in Rajasthan, Madhya Pradesh and karnataka.
NAFED has successfully procured 295550.52 MT of Moong at Minimum Support Price of Rs 6,975 as on Jan 31, 2019. Rajasthan: 236277.28, Karnataka: 29136.74, Telangana: 13375.31, Maharashtra: 13007.73, Madhya Pradesh: 2650.96, Tamil Nadu: 364.9, Haryana: 224.9, Gujarat: 512.7.
Canada Green Pea (Mumbai):
Canada origin Green pea moved higher by Rs 200 to Rs 6,600/100Kg at Mumbai after Ministry of Finance, Department of revenue on 31 st January has asked commissioner of customs, Chennai to stop clearance of bill of entries pertaining to Yellow peas, Green peas, Dun peas, and Kapasa peas and not give OCC with immediate effect.
However, actual buying were reported thin due to sufficient stock at Mumbai and Chennai.
(By Commoditiescontrol Bureau; +91-22-40015513)
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