Weekly: Chana, Kabuli Chana, Masoor Decline Most In Pulses Complex

MUMBAI (Commoditiescontrol) – Chana, Kabuli Chana, Masoor and Tur (Lemon) remained weak during the week ended Saturday (April 15 - 20) on slack millers buying support as demand and sale counter in processed pulses was slow.

Trading activity was also less these week as markets closed due to ongoing Lok Sabha elections and also due to Mahavir Jayanthi, Hanuman Jayanthi and Good Friday.

While, Urad, White and Green Pea prices remained more or less unchanged due to limited trade. On other hand, Moong prices ruled firm amid better buying from mills.

Week Highlights

# Govt Lays Down Modalities For Import Of Pulses In 2019-20.
# Monsoon is likely to be "near normal" this year. India To Receive 2019 Monsoon Rains At 96% Of Long-Term Average: IMD. El-Nino conditions will weaken in coming months.
# Canada's Peas Exports May Fall To 2.9 Million Tonnes In 2019-20.
# The procurement of Chana by Nafed is seen lower In Maharashtra compare to other states.The NAFED had announced the procurement of 2.5 lakh tonnes of the commodity in the state.




Burma Lemon Tur:

Tur Lemon variety of Burma origin eased by Rs 25 to Rs 4,975/100Kg in Mumbai due to thin trading volume as demand/sale counter in Tur Dal reported slow and also liquidity crunch.

In Mumbai, Mozambique Tur Zebra variety offered at Rs 4,100/100Kg, Gajri white variety at Rs 4,500-4,550 and red lakhota variety at Rs 4,300.

Tanzania origin Arusha Tur quoted at Rs 4,525/100Kg.

Buyers were cautious at higher rates as Indian Government issuing import quota licence to millers and also forecast of near normal monsoon likely to be this year by IMD.

Sufficient stock of domestic Tur is still lying with government and private traders to cater consumption demand ahead.

On other hand, domestic tur in bilty trade at Akola traded higher by Rs 50 at Rs 5,550-5,575/100Kg as millers active in purchasing Tur for crushing and decreasing domestic arrivals.

NAFED has successfully procured 253399.94 MT of Tur at Minimum Support Price of Rs 5,675/100kg as on April 17, 2019.Telangana:70300, Karnataka:110457.66, Gujarat:29600.55, Maharashtra:42535.87, Tamil Nadu:400.76, Andhra Pradesh:105.1.

Latur origin new Phatka variety priced steady at Rs 7,800-8,000/100Kg for Mumbai delivery on thin activity. Gujarat origin Wasat new phatka variety also remained flat at Rs 8,200-8,500/100Kg, Khamgaon origin new Phatka variety at Rs 7,700-7,900/100Kg (Mumbai Delivery), Jalna origin new phatka variety at Rs 8,000-8,200/100Kg (Mumbai Delivery) and Solapur origin new phatka variety at Rs 7,700-7,800/100Kg (Mumbai delivery).

However, millers were not interested to liquidate their processed Tur at lower rates despite fall in raw Tur prices.

Ongoing mango season and election period prices likely to witnessed range bound trend or may pressurise to some extent in May month. Monsoon will play crucial role in price trend of pulses.


Burma Urad:

Burma Urad FAQ variety traded flat at Rs 4,450/100Kg at the Mumbai market amid limited millers demand and liquidity crunch despite less stock in Mumbai.

Similarly, In Chennai, Urad FAQ/SQ variety remained unchanged each at Rs 4,350/100Kg and Rs 5,300 in ready delivery as per condition.

In forward business, Urad FAQ variety priced weak at Rs 4,325-4,350/100Kg on buyers option delivery to take in April month. While, commodity ruled firm at Rs 4,550/100Kg for May month. While, no quotes were available for SQ variety.

As per market view, prices of Urad likely to get support at lower rates as sellers remained reluctant to liquidate at lower rates due to limited imported stock, delayed in further imports due to ongoing elections in India and also millers are active in purchasing imported Urad at lower rates as they are facing difficulty in getting good quality of domestic urad stock. Monsoon will play crucial role in price trend of pulses.

Demand and sale counters for processed urad from consumption centres were reported good at prevailing prices.

Bikaner origin branded Urad dal priced flat at Rs 5,800-6,100/100Kg for spot. Tiranga brand of Mumbai also quoted unchanged at Rs 6,450/100Kg for Mumbai delivery, Parivar brand of Jalgaon at Rs 6,250/100Kg for Mumbai delivery.

NAFED has successfully procured 3565.88 MT of Urad 1n Rabi-2019 Season at Minimum Support Price of Rs 5,600 as on April 17, 2019. Tamil Nadu:3436.08, Andhra Pradesh:129.8.


Chana Kantewala (Indore):

New Chana prices traded weak by Rs 150 at Rs 4,250/100Kg in Indore on slow millers buying support at higher rates, ongoing domestic arrivals.

Similarly, Burma origin chana at Mumbai priced lower by Rs 25 at Rs 4,200/100Kg on dull millers trade.

While, Australia origin Chana in ready business at Mumbai and Mundra port remained unchanged each at Rs 4,300/100kg, respectively due to average quality and old crop.

NAFED Procured 48913.26 MT Chana In Rabi-2019 Season as on April 17,2019.Telangana:34500, Rajasthan:7795.88, Maharashtra:2079.91, Madhya Pradesh:4537.47.

Balance Stock of procured Chana during Rabi-18 season with Nafed is 1638590.43 MT as on 16 April, 2019.

Chana for May delivery on National Commodity and Derivatives Exchange (NCDEX), settled lower 1.1 per cent or Rs 50 at Rs 4,466/100kg. Earlier, in the day, the contract hovered in the range of 4,461 and 4,538 on Thursday.

Chana stocks at NCDEX accredited warehouses stood at 38,639 metric tonnes (Indore: 111, Bikaner 32,957, Jaipur 5571) as on 17th April, up 34,173 metric tonnes from the previous session, the exchange data showed.

Australian chana dal priced unchanged at Rs 5,400/100 Kg for Mumbai delivery on slow trade activity. Domestic chana dal of Pistol brand also ruled steady at Rs 5,600 for Mumbai delivery, Angel brand at Rs 5,800 for Mumbai delivery, Samrat brand at Rs 5,950 for Mumbai delivery. Chana besan also offered flat at Rs 3,160/50Kg, Vatana besan at Rs 2,861/50 Kg and Vatana dal at Rs 5,300.

In Mumbai, Russia/Ethiopia/Burma origin kabuli chana remained marginally weak each at Rs 4,200/100Kg, Rs 4,225 and Rs 4,525, respectively.

While, Sudan origin Kabuli Chana remained unchanged at Rs 4,325/100Kg.

Kabuli chana of 40-42, 42-44 and 44-46 counts traded lower by Rs 100 at Rs 6,550/100Kg, Rs 6,350 and Rs 6,150, respectively at Indore market amid thin local buying and ongoing arrivals.

In Indore, dollar variety Chana ruled unchanged at Rs 5,000-5,800/100Kg as per quality and regular arrivals.

In forward business, Russia Kabuli Chickpea offered at $410 and Ethiopia at $590 per ton in container on CNF basis JNPT for ready shipment.

As per market talk, prices of chana were traded below MSP. Farmers are in worry as government procurement is still slow in selected states and also yet not began procurement in other major states. Prices of Chana likely to get support if government started purchasing aggressively. Moreover, output of chana is lower by about 10-15 per cent this season in the country, according to trade estimates. Import restriction on peas extended for another one year and Matar quota restricted to 1.5 lakh tonne/annually, earlier it was 1 lakh tonne/quarterly will also support chana prices.



Imported Masoor (Mumbai):

Canada origin Masoor in vessel new along with Australia Masoor new slipped by Rs 25-50/100Kg at Mumbai due to dull millers buying at prevailing rates, ongoing domestic arrivals and fresh supply from Canada at Vishakhapatnam port.

Canada origin Masoor in vessel new priced lower by Rs 25-50 at Rs 3,950-3,975/100Kg. While, commodity in container remained steady at Rs 4,100.

Australia origin Masoor declined by Rs 50 to Rs 4,150/100Kg against limited stock.

However, demand in processed masoor from consumption centres was reported slow. Canada Masoor Khopoli spot traded unchanged at Rs 4,850/100Kg.

In forward business, Canada crimson variety masoor new offered at $430-$435 per ton in container and $420 per tonn in Vessel on CNF basis JNPT for ready shipment.

NAFED Procured 4.70 MT Masoor In Rabi-2019 Season as on April 17,2019. Madhya Pradesh:4.70.

As per market sources, prices of Masoor likely to get further support on long term basis as domestic arrivals were below expectation, stockiest were active at existing prices in domestic markets and also further rise in Tur price may support masoor prices due to substitute and also cheaper prices.


Imported White Pea (Mumbai):

Canada and Ukraine origin White Pea new traded unchanged in Mumbai amid limited buying support as demand in matar dal/besan remained thin at prevailing rates due to shifting of demand from traders, millers and flour millers to chana/Kabuli chana due to cheaper prices as compared to white pea.

Canada and Ukraine origin White Pea new traded flat each at Rs 4,800/100Kg and Rs 4,700, respectively.

However, prices likely to get support in near future due to limited imported stock and also less domestic arrivals as farmers not interested to liquidate at lower rates. Matar quota restricted to 1.5 lakh tonne/annually, earlier it was 1 lakh tonne/quarterly will also support the prices.

In forward business, Ukraine origin White Pea offered at $280 per ton on CNF basis JNPT for ready shipment.


Moong (Jaipur):

Moong prices traded firm at Rs 5,800-6,200/100Kg as per quality at Jaipur market amid improved millers buying support. Decreasing stock with Nafed had also supported the prices.

Similarly, Moong dal prices also gained by Rs 200 at Rs 7,200-7,400/100Kg, depending on the variety.

NAFED has successfully procured 1373.08 MT of Moong in Rabi 2019 season at Minimum Support Price of Rs 6,975 as on April 17, 2019.Tamil Nadu: 1373.08.

In forward business, Tanzania Moong traded in the range of $670-$710 per ton in container on CNF basis Nhava- Sheva for June shipment.

Canada Green Pea (Mumbai):

Canada origin Green pea priced flat at Rs 7,100-7,200/100Kg at Mumbai amid limited buying support and availability of sufficient stock at Mumbai/Chennai cold storage and godowns.

(By Commoditiescontrol Bureau; +91-22-40015513)