MUMBAI (Commodities control) – Tur prices remained firm for the week ended 18th July amid mill buying at lower rates, while Urad prices ruled weak on slack mill buying. On the other hand, Masoor, Chana, Moong and White Pea traded steady on thin buying as per immediate requirement.
Moreover, Trade activity has been thin, as some markets are shut due to lockdown and labour shortage. Even demand is slow due to rainfall in major producing and consumption areas. Demand has been suffering due to closure of restaurants, small eatery joints, big retail chains.
Weekly Highlights
# The Sowing Area of Kharif Crops is 21.2% Higher YoY. Last year, kharif crops were sown 570.86 lakh ha area, while as on 17 July 2020 the area used by crops stands at 691.86 lakh ha area.
# India kharif pulses sowing as on July 17 was up 32.35% at 81.66 lakh hectare as against 61.7 lakh hectare during the same period last year.
# Wetter August & September for India, Says Japanese agency.
# Agri Min Issues New Guidelines for New FPOs.
# Telangana to Set Up Cold Storage Facility for Seeds.
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India 2020-21 Kharif Pulses Sowing Up 32.35 % As On July 17, 2020
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Commodity
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Area Sown In Lakh Hectare 2020-2021
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Area Sown In Lakh Hectare 2019-20
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Tur
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30.84
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22.39
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Urad
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25.43
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17.77
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Moong
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20.98
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16.1
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Other Pulses
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4.37
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5.39
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Pulses
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81.66
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61.7
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Burma Lemon Tur:
Tur Lemon variety of Burma-origin, both old and new, gained Rs 25-50 to Rs 5,175/100Kg and Rs 5,375, respectively in Mumbai on mill buying activity at lower rates and lesser availability of imported Tur stock.
The slow pace of seasonal good quality domestic arrivals has supported the prices.
On the other hand, major benchmark markets of Akola and Gulbarga were closed due to lock down.
However, in other selected domestic markets, Tur prices were firm on local and outstation mills’ participation, for immediate requirement for crushing.
However demand and sales counters in Tur dal reported slow activity. Government agency is selling old raw Tur to the mills for processing, packaging and supply of processed Tur under PDS.
Millers are getting parity in crushing raw Tur for conversion, from the government. Also millers are selling dals for government tenders.
As per market view, Tur prices are likely to get support as active participation at the demand and sale counter of dals is expected from 1st week of August. Supply from Mozambique is expected from September. Government is yet to give any quota to millers and refiners.
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Kharif Tur Sowing Up 37.74 % As On July 15 Vs Last Yr (LAKH HA)
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Karnataka
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6.19
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6.26
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Maharashtra
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11
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6.9
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Madhya Pradesh
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3.32
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2.55
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Telangana
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2.98
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1.69
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Uttar Pradesh
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1.92
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1.87
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Gujarat
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1.39
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1.21
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Jharkhand
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1.49
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0.28
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Chhattisgarh
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0.55
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0.28
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Total
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30.84
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22.39
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Burma Urad:
Burma Urad FAQ new variety traded range bound at Rs 5,950/100Kg, in Mumbai.
Similarly in Chennai, Burma Urad FAQ variety was unchanged at Rs 5,900-5,925/100Kg. While, SQ variety fell Rs 200 at Rs 6,650-6,675, respectively.
Miller purchases were slack, as negligible offtake in processed Urad was reported.
Fresh supplies around 240 containers expected soon at Chennai port against Urad Import Annual Quota of 4 lakh MT.
Buyers have been on the sidelines keeping a close watch on the Supreme court hearing on 20 July. As per sources, Supreme Court May Deliver Judgement In this Hearing. Around 27000-28000 MT of Urad lies at Chennai and Mumbai port.
As per a Burma based trader, a direct vessel for India (Chennai) is expected to depart on 25th July- 27th July 2020.
Kharif sowing is up 43.11 percent as on July 15 2020 and new crops will likely arrive from September end in domestic markets.
Government reduced the deadline for Urad Import Annual Quota Of 4 lakh MT by 6 months to 31st August, 2020.
However, the allocated quantity is not expected to arrive till 31st August, 2020 against the annual quota licence. Millers are yet to receive import quota licenses.
As per Burma local trader, no actual trade was reported in Urad from India due to difference in quotes between buyers/sellers.
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Kharif Urad Sowing Up 43.11 % As On July 15 Vs Last Yr (LAKH HA)
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Madhya Pradesh
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13.51
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6.84
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Maharashtra
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3.17
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1.6
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Karnataka
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0.83
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0.44
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Rajasthan
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2.3
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4.23
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Uttar Pradesh
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3.29
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2.99
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Gujarat
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0.47
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0.47
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Telangana
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0.15
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0.15
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Total
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25.43
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17.77
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Chana Kantewala (Indore):
Chana prices were almost unchanged at Rs 4,200-4,225/100Kg in Indore following weak cues from futures, thin mill buying and ongoing arrivals.
Actual demand in chana dal and besan from consumption centres was reported to be negligible.
Sentiments are dampened due to Nafed’s liquidation and free distribution of grains every month under PM Garib Kalyan Anna Yojana till November end. However, Nafed is not interested in liquidating its stock below Rs 4,500/100Kg.
As on July 16, 2020, NAFED has successfully procured 21,43,103.07 MT of Chana at Minimum Support Price of Rs 4,875.
As per market talk, current price levels in Chana are attractive for millers/traders due to cheaper pulses and reduced arrivals. Even consumption is likely to increase in the coming days as the festive period begins next month till Diwali. Meanwhile, prices in spot markets traded much below MSP of Rs 4,875.
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Nafed Procured As On 16 July, 2020
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State
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MT
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Andhra Pradesh
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127915.1
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Karnataka
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101843.45
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Rajasthan
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615666.61
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Telangana
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47600
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Maharashtra
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370718.9
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Madhya Pradesh
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706313.62
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Uttar Pradesh
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38498.18
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Haryana
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10636.46
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Gujarat
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123910.75
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Total
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2143103.07
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Imported Masoor (Mumbai):
Canada crimson variety and Australia origin Masoor stayed steady at Rs 5,250-5350/100Kg and Rs 5,400, respectively, in Mumbai amid cheaper overseas supply and dull offtake in Masoor dal.
Similarly, Canada crimson variety Masoor at Hazira and Mundra port was priced flat each at Rs 5,225/100Kg.
Vessel M. V. Livita carrying approx. 53000 MT Masoor from Canada is discharging at Kakinada port. The vessel will discharge at two ports; 25,000 MT at Kakinada and 28,000 MT at Kolkata.
Another vessel M.V. Paola Topic carrying 57,000 MT Canada Masoor departed for India on 30th June. Vessel is expected to reach India by July end and discharge at two ports (Hazira/Mundra).
Vessel M.V. Lyra carrying approx, 55,000-58,000 MT Masoor from Canada is expected to arrive in India by mid-August.
Two more vessels are expected to arrive in India, carrying Masoor from Canada before 31 August, 2020.
Imported White Pea (Mumbai):
Canada origin White Pea was priced flat at Rs 6,000/100Kg amid thin activity.
The peas could not find support, despite tightness in ready stock.
On the other hand, White Pea prices moved higher for the third straight week by Rs 50 at Rs 5,300/100Kg at Kanpur market amid negligible arrivals and demand from Southern markets, for graded quality White Pea.
However, prices are unlikely to sustain at higher rates as millers prefer to stay with desi Chana/Kabuli Chana, due to easy availability.
Prices of White pea dal and besan ruled weak as demand and sales counter witnessed thin participation.
Supreme Court Hearing on the pulses import case will take place on 20th July now. As per sources, Supreme Court May Deliver Judgement In this Hearing Date.
Total quantity of imported White Pea lying on ports is around 2,65,377 MT. JNPT: 84,903 MT, Mumbai: 63,800 MT, Mundra: 1,03,824 MT and Chennai: 12,850 MT.
Total quantity released from various ports is around 5,53,925 MT. JNPT: 4,01,901 MT, Mumbai: 50,800 MT, Mundra: 98,479 and Chennai: 2744 Mt.
Moong (Jaipur):
Moong prices traded stable at Rs 6,500-6,600/100Kg in Jaipur market of Rajasthan, as per quality, on slow mill buying for immediate requirement for crushing.
Meanwhile, demand and sale counters in processed Moong reported thin participation.
Similarly, summer crop Moong ruled unchanged as per quality against ongoing arrivals.
In Delhi, Ranchi, Madhya Pradesh and Uttar Pradesh origin Moong prices were unchanged as per quality in the absence of mill buying, ample stocks in godown and regular supply from various origins.
Sentiments were dampened as the new kharif Moong crop is expected to arrive from next month in Maharashtra/Karnataka along with Rajasthan from September. However, no rain has been reported for a fortnight.
India 2020-21 Kharif Moong Sowing Up 30.3 % As On July 17 At 20.98 Lakh Ha Vs 16.1 Lk Ha Last Year.
Millers were interested in purchasing good quality Moong, for crushing. However, average quality arrivals at various origins were witnessed due to recent rains.
As on July 16, 2020, NAFED has successfully procured 4292.18 MT of Moong at Minimum Support Price of Rs 7,050.
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Kharif Moong Sowing Up 30.31 % As On July 15 Vs Last Yr (LAKH HA)
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Karnataka
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3.11
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1.82
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Maharashtra
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3.45
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1.98
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Rajasthan
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11.17
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9.69
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Madhya Pradesh
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1.12
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0.85
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Gujarat
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0.4
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0.23
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Telangana
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0.42
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0.36
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Total
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20.98
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16.1
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Nafed Procured As On 16 July, 2020
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State
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MT
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Odisha
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4191.63
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Tamil Nadu
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100.55
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Total
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4292.18
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(By Commodities control Bureau; +91 9820130172)
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