Login ID:
Password:
Partner Login
Contact Us : 7066511911

Weekly: Pulses Surge Amid Good Demand For Dal Due To onset of festive period

31 Aug 2020 9:24 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
MUMBAI (Commodities control) – Major pulses, such as Tur, Urad, Chana, Kabuli Chickpea, Moong and White Pea extended rally for second straight week for the week ended 29th August amid improved mill buying activity. Masoor prices also traded firm on low level buying activity.

Moreover, demand and sale counters in processed pulses reported good participation from wholesale/retail counters, as the pipeline is empty.

Rains during the harvesting period of Moong and Urad, in producing centers, have damaged crop and quality, as well. This may, also, delay arrivals.

Meanwhile the Supreme Court Upholds DGFT’s Quantitative Restriction on Pulses Import; big jolt to importers. According to the Supreme court order, DGFT or union government has power to impose quantitative restrictions on imports and exports under section 9A of Foreign Trade (Development and Regulation) Act (FTDRA). Customs department can clear these imports under Customs Act, 1962 after imposing penalty up to five times the value of the consignment. Importers may also get the option to re-export the goods.

According to market sources, White Pea cargo stuck at Mumbai port is getting released by Customs with condition of paying penalty by importers had dampened the sentiments.

Weekly Highlights

# India’s Kharif sowing area increased 7.15 percent to 1082.22 lakh hectare till 28 August compared to 1009.98 lakh hectare of last year’s sown area during the same period.
# India kharif pulses sowing as on Aug 28 was up 4.6% at 134.57 lakh hectare as against 128.65 lakh hectare during the same period last year.
# Farmers in Many States are Attracted To Super Food Ragi, Acreage Increases 53 %.
# Monsoon Rains 24% above Average in August, Heavy Rains to Continue -IMD
India 2020-21 Kharif Pulses Sowing Up 4.6 % As On Aug 28, 2020
Commodity Area Sown In Lakh Hectare 2020-2021 Area Sown In Lakh Hectare 2019-20
Tur 47.1 44.55
Urad 37.52 37.09
Moong 34.85 30.19
Other Pulses 14.93 16.73
Pulses 134.57 128.65

4th Advance Estimates Pulses (In Million Tons)
Commodity Season 2019-20 (4th Est) 2019-20 (3rd Est) 2018-19 Target 2019-20
Tur Kharif 3.83 3.75 3.32 4.6
Chana Rabi 11.35 10.9 9.94 11.6
Masoor Rabi 1.18 1.44 1.23 0
Urad Kharif 1.3 1.72 2.36 2.9
Rabi 0.74 0.61 0.7 0.8
Urad Total 2.04 2.33 3.06 3.7
Moong Kharif 1.79 1.78 1.78 1.6
Rabi 0.67 0.56 0.67 0.7
Moong Total 2.46 2.34 2.46 2.3
Other Kharif 0.81 0.79 0.63 1
Rabi 1.50 1.45 1.45 3.1
Total Kharif 7.72 8.05 8.09 10.1
Rabi 15.44 14.97 13.98 16.2
Total Pulses 23.15 23.01 22.08 26.3


Burma Lemon Tur:

Tur Lemon variety of Burma-origin, both old and new, extended gains for fourth straight week by Rs 250 to Rs 5,750-5,950/100Kg, respectively in Mumbai amid better mill buying activity and lower availability of imported Tur stock.

Similarly, domestic variety Tur traded higher by Rs 225 to Rs 6,450-6,475/100Kg at benchmark market Akola, on improved local and outstation mill purchase due to immediate requirement for crushing.

Meanwhile, millers were unable to procure good quality Tur for crushing due to reduced arrivals.

Good trade activity in Tur dal was witnessed from Wholesale/retail counters aiding tur prices.

Buyers are cautious and trading as per their needs,in anticipation that the Indian government would allot a quota licence of 4 lakh tonnes to millers in September 1st week. Having said so, even if the government gives a quota to millers/refineries, the process will take approximately 1 month time supply from overseas..

Government agency is selling old raw Tur to the mills for processing, packaging and supply of processed Tur under PDS. Tur stock with agencies was reported around 3.5 Lakh ton.

India 2020-21 Kharif Tur Sowing was Up 5.72 %, as on August 28, at 47.1 Lakh Ha Vs 44.55 Last Year.

Meanwhile according to the fourth advance production estimate, Tur production in 2019-20 is estimated at 3.83 million MT, which is 16.74 percent lower than production target of 4.6 million MT, while it is slightly higher compared with 2018-19 estimate of 3.32 million MT.

As per market view, tur prices may be underpinned due to negligible arrivals and lesser availability of imported Tur. Active participation at the demand and sale counter of dals is further expected. Supply from Mozambique is expected from September.

Damage to Moong crops during the harvesting period in major producing centers, due to rains, will support Tur prices.

Tur ( Prices In Rs /100Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Mumbai Lemon 5750-5950 5500-5725 5400-5600 5100
Akola Desi Bilty 6450-6475 6225-6250 6050-6100 5800-5825
Gulbarga Desi 6200-6350 5900-6200 5900-6100 5800-5900
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Akola Phatka 8600-8800 8200-8400 8200-8400 8000-8200
Gulbarga Phatka 8500-8900 8100-8500 8000-8400 8000
Katni Phatka 8900-9000 8700-8800 8500-8600 8100-8300


Burma Urad:

Burma Urad FAQ new variety traded higher for the third straight week by Rs 300 to Rs 6,500/100Kg, in Mumbai.

Similarly in Chennai, Burma Urad FAQ variety moved up Rs 300 at Rs 6,300-6,325/100Kg. Urad SQ variety also gained Rs 400 at Rs 7,300-7,325, due to improved mill buying for immediate crushing requirements along with fear of crop and quality damage due to recent rains in producing centers.

Good offtake in processed Urad supported the prices.

Arrivals of new Urad were witnessed in a few markets of Maharashtra, such as Ahmednagar, Barsi, Dudhani and Akkalkot with higher moisture content.

Cautious trade was witnessed in Urad as millers/traders are sidelined and waiting for Centre's notification regarding extension of import quota in Urad beyond 31st August. If the government gives extension, prices in Burma market will move higher and import parity would also be higher.

Government deadline for Urad Import Annual Quota Of 4 lakh MT ends 31st August, 2020.

India 2020-21 Kharif Urad Sowing is up 1.16 %, as On Aug 28, At 37.52 Lakh Ha Vs 37.09 Last Year.

Meanwhile, according to the fourth advance production estimate, Urad production in 2019-20 is estimated at 2.04 million MT, which is 45 percent lower than the production target of 3.7 million MT. It is also lower than the 2018-19 estimate of 3.06 million MT.

Urad ( Prices In Rs / 100Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Mumbai FAQ FAQ 6500 6200-6225 6150 4350
Chennai FAQ 6300-6325 6025-6050 6000-6025 4625
Chennai SQ 7300-7325 6875-6900 6800 5900
Jalgaon Desi NA 5900-7200 NA 4550-5225
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Mumbai 8300-9050 7900-8700 8000-8700 5850-6050


Chana Kantewala (Indore):

Chana prices gained for the fourth straight week by Rs 400 to Rs 4,900-4,925/100Kg in Indore following firm cues from futures and improved mill buying activity to meet their immediate requirement for crushing.

Moreover, trade volume was reported to be good in chana dal and besan. Even demand of White Pea,besan and dal has shifted to Chana/Kabuli Chana due to cheaper prices and easy availability.
At Kanpur market, domestic White pea traded higher at Rs 7,000/100Kg amid good activity and negligible imported stock.

Meanwhile, arrivals of seasonal domestic Chana are limited. Millers were facing difficulty in procuring good quality Chana for crushing. Hence, they are purchasing from Nafed. Nafed being active to liquidate stock at higher rates, but reject bids of lower rates. Chana stock with agencies was reported to be around 20.6 Lakh ton.


In Mumbai, Tanzania-origin Chana extended its rally by Rs 450 to Rs 4,950/100Kg, due to less stock.

Similarly, Russia and Sudan Kabuli Chana gained each Rs 450-500 at Rs 4,950/100Kg and Rs 5,150, respectively due to low stock.

In forward business, Sudan-origin Kabuli Chickpea priced at $625 per ton in containers on CFR basis for August-September for Nhava Sheva/Chennai/Kolkata.

Sudan-origin Kabuli Chickpea priced at $615 per ton in containers on CFR basis for September for Nhava Sheva/Chennai/Kolkata.

Tanzania-origin Chana quoted at $625 per ton in containers on CNF basis for August-September.

As per market talk, Chana prices may get further support as consumption is increased and festive season demand is jacking up price. Less ready stock and negligible overseas supplies of Kabuli Chickpea and White Pea may support Chana prices. However, supply of Chana/Kabuli Chickpea supply is expected in September end, but parity is higher.

Meanwhile, NAFED has indicated that the chana stocks procured so far will be sold through various government schemes announced (PMGKAY).

Chana ( Prices In Rs / 100Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Mumbai Australia NA NA NA 4175
Tanzania 4950 4475 4400 NA
Burma NA NA NA 4150
Indore Katewala 4900-4925 4525-4550 4450-4475 4200-4225
Delhi Rajasthan origin 5100 4625 4450 4300
Akola 5025-5050 4650-4700 4525-4250 4325-4350
Bikaner 4900 4350-4375 4250 4050
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Akola 5500-6000 5300-5800 5200-5600 4900-5500
Indore 5800-6200 5500-5800 5200-5600 NA
Jaipur 6000 5400-5425 5250-5275 5000
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Mumbai 3475 3325 3225 3120
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Indore 40-42 NA NA NA 5850
42-44 7600 6950 6850 5650
44-46 7400 6750 6650 5450
Dollar 6600-7200 6000-6500 5800-6200 5000-5600
Mumbai Sudan 5150 4600 NA 4200
Ethiopia NA NA NA 4150
Russia 4950 4500 4425-4450 4100
Burma NA NA NA 4275


Imported Masoor (Mumbai):

Canada crimson variety and Australia-origin Masoor ruled firm by Rs 15-25 at Rs 5,271-5,350/100Kg and Rs 5400, respectively in Mumbai, amid selected mill buying at lower rates for immediate crushing requirement.

However, cheaper overseas supply of raw and processed Masoor and slower offtake in Masoor dal will limit the gains.

Similarly, Canada crimson variety Masoor at Hazira and Mundra port gained Rs 10 each at Rs 5,281/100Kg, respectively.

In forward business, Australia Nipper variety Masoor priced at $610 per ton in containers on CFR basis for Nhava Sheva/Chennai/Kolkata against August-September and $555 for November-December.

Australia Nugget variety Masoor was offered at $600 per ton, in container, on CFR basis for Nhava Sheva/Chennai/Kolkata against August-September and $555 for November-December.

Canada crimson variety Masoor was offered at $545 per ton in containers, on CFR basis, for Nhava Sheva, Chennai and Kolkata for September-October.

Green Masoor Laird No 2 was quoted at $630 per ton in a container, on CFR basis, for Nhava Sheva/Chennai/Kolkata.

Vessel M V PAOLO TOPIC carrying 57,400 tonnes of Canada Masoor, arrived at Mundra Port on 4th August, has started discharging its cargo.

Vessel M V RODOPI carrying 19,000 tonnes of Canada Masoor arrived at Kandla Port on 7th August and has started discharging its cargo.

Vessel M V SBI LYRA carrying 57,000 tonnes of Canada Masoor arrived at Kandla/Mundra port on 15th August, 2020. 27,000 MT will be discharged at Mundra and balance cargo at Kandla.

Vessel M.V. Fermita carrying 37,000 MT Masoor from Canada has arrived at Sagar/Kolkata.

As per market talk, cautious trade was witnessed in Masoor as millers/traders are sidelined and waiting for Centre's notification regarding import duty in Masoor beyond 31st August.

As per market sources, Masoor prices are likely to be under pressure, in a range of Rs 100-200/100Kg on cheap, overseas supplies, if the government extends lower duty imports beyond 31st August. Arrival of new crops will begin from September-October in Canada. Prices may be supported, if the government does not extend lower import duty beyond 31st August or else releases fixed quota of Masoor import in the backdrop of massive overseas supplies.

Masoor ( Prices In Rs / 100Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Mumbai Canada 5271-5350 5251-5325 5261-5325 3850-4000
Australia 5400 5375 5350 4100
Mundra Canada 5281 5271 5231-5241 NA
Hajira Canada 5281 5271 5231-5241 NA
Kolkata Canada 5300-5400 5350-5450 5200-5350 4000-4125
Australia 5500-5750 5500-5700 5475-5600 4175
Indore Desi 5600-5650 5425-5450 5450-5475 4100
Raipur Desi NA 5675-5700 5600-5650 4250
Kanpur Desi 5925 5825 5700 4300
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Khopoli 6400 6400 6350 5200-5300
Katni NA 6350-6550 6300-6525 4825-4850


Imported White Pea (Mumbai):

White Pea prices extended for the fifth straight week by Rs 1000 at Rs 7,000/100Kg at Kanpur market, amid better demand from local and outstation markets, for graded quality White Pea and negligible stock of imported White Pea.

Moreover, SC Upholds DGFT’s Quantitative Restriction On Pulse Import that turned out to be a big jolt to importers. Importers can clear the cargo from customs by paying a penalty up to five times of value of the consignment. Importers may also get the option to re-export the goods.

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.

Prices of White pea dal and besan ruled higher by Rs 150-200/100Kg on good activity. But, crushing of White Pea for making dal/besan by mills were less interesting due to unavailability of White Pea. Major mills stopped crushing activity in White Pea.

White Pea ( Prices In Rs / 100Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Mumbai Canada NA 6200 6000 5251
Kolkata Canada NA NA NA 5675
Kanpur 7000 6000 5900 5600
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Mumbai 3700 3550 3525 3200
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Mumbai 6800 6600 6550 5900


Moong (Jaipur):

Moong prices traded higher for the third straight week by Rs 200 to Rs 7,400-7,500/100Kg in Jaipur market of Rajasthan, as per quality, amid better mill buying activity on immediate requirement for crushing and ongoing arrivals.

Meanwhile, demand and sale counters in processed Moong reported limited participation.

New kharif Moong traded mixed, as per quality, in Maharashtra and Karnataka amid limited mill buying against ongoing arrivals with higher moisture content due to rain. Buyers prefer to purchase Moong with less moisture.

Summer crop of Moong traded in the range, as per quality, at Rs 6,000-6,650/100Kg in Madhya Pradesh against ongoing arrivals.

Incessant rains led to floods in many areas during the harvest period, in Karnataka and Maharashtra. This has damaged the crop and quality of Moong. This may, also, delay arrivals.

India’s 2020-21 Kharif Moong Sowing is up 15.44 %, as on August 28, at 34 Lakh Ha Vs 29.8 Lk Ha Last Year.

Meanwhile according to the fourth advance production estimate, Moong production in 2019-20 is estimated at 2.46 million MT, which 6.96 percent higher than production target of 2.3 million MT.While, it is similar to the 2018-19 estimate of 2.46 million MT.

Moong ( Prices In Rs / 100Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Jaipur Kharif 7400-7500 7200-7300 7100-7200 5900-6200
Harda Summer NA 4000-6710 4600-6520 5450-5925
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 29-Aug-20 21-Aug-20 14-Aug-20 29-Aug-19
Jaipur 8200-8300 8100-8200 7800-7900 7600
Gulbarga 8700-8800 8700-8800 8500-8600 7900
Akola NA NA NA 7300-7800


(By Commodities control Bureau; +91 9820130172)

       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Special Reports
Weekly: Major Pulses Plunge This Week On Govt Intervent...
Urad (Chennai) (Spot) Turned Lower from a Key Resista...
Mung (Jaipur) (Spot) Weak Price Momentum / Prices May...
Weekly: Most Pulses Rise Over the Week, Barring Masoor...
Tur Dal (Akola) (Spot) Short-term Overbought / Tradin...
more
Top 5 News
USD/INR (Oct 20) Consolidating Near Resistance at 73...
USD/INR (Oct 20) Relief Rally Underway / Next Resist...
USD/INR (Oct 20) Consolidating Near Short-term Suppo...
USD/INR (Oct 20) Consolidating Near Short-term Suppo...
Weekly: Major Pulses Plunge This Week On Govt Intervent...
Top 5 Market Commentary
Mustard Seed Breaches Rs. 6000/Q In Jaipur, All Factors...
Mixed Trend Prevails In New Guar Seed Prices, Gum Reach...
Cotton Prices Hold Steady in A.P-Telangana due to Restr...
Karnataka Cotton Prices Hold Steady as Arrivals Stagnat...
Arrivals Drop in M.P Due to Dull Demand; Prices Unchang...
Copyright © CC Commodity Info Services LLP. All rights reserved.