MUMBAI (Commodities control) – Major pulses, such as Tur, Urad, Chana, Kabuli Chickpea, Moong and White Pea moved higher for the week ended 10th October amid improved mill buying activity. Only, Masoor prices eased due to slack millers’ trade.
Weekly Highlights
# Piyush Goyal Gets Addl Charge of Consumer Affairs, Food and Public Distribution Ministry.
# 1545 Importers Allowed to Import Urad By March 2021. As per the notification each eligible and verified importer shall be allowed to import 97 MTs approximately. DGFT rejected 126 applicants on the grounds of false information/documents submitted.
# Low forms in Bay; IMD Forecasts Heavy Rains for AP-Telangana, Odisha.
# Japan Weather Bureau says 90% Chance La Nina to Continue into winter.
# Withdrawal of Monsoons Likely to be Stalled until Next Week--IMD.
# September Shipments of red Masoor from Canada slips 21% month-on-month. Exports for the month reached 138,085 MT, down from 174,848 MT the prior month. Red lentils shipments so far during the marketing year reached 138,085, up 364% last year. India was the largest importer, buying 82,881 MT for the month. Turkey was the second most important consumer taking 27,254 MT, followed by United Arab Emirates at 20,412 MT.
# September Shipments of Masoor from Canada dropped 29.7% at 211,702 MT, as compared with last month. The exports so far during the marketing year rose to 211,702, up 85% last year. India was the biggest importer of Canadian lentils, taking 105,474 MT. Turkey was the second biggest consumer receiving 29,006 MT, followed by United Arab Emirates at 22,469 MT.
# The proposal from the States, approval was accorded for procurement of 30.70 LMT of Pulse and Oilseeds for Kharif Marketing Season 2020 for the States of Tamil Nadu, Karnataka, Maharashtra, Telangana, Gujarat, Haryana, Uttar Pradesh and Andhra Pradesh.
# Up to 08.10.2020, the Government through its Nodal Agencies has procured 455.60 MT of Moong having MSP value of Rs. 3.28 Crores benefitting 324 farmers in Tamil Nadu and Haryana.
Burma Lemon Tur:
Tur Lemon variety of Burma-origin, both old and new, continued upward rally and surged sharply by Rs 800/100kg to Rs 7,600-7,800/100Kg, in Mumbai, due to weak availability of imported-domestic Tur. Prices were additionally supported by reports of crop damage and delay in new crop arrivals in Karnataka and Maharashtra amid rains.
Moreover, improved trade activity in processed Tur supported prices.
Higher bids were reported in FCI/Nafed tender to purchase old procured Tur.
Similarly, domestic variety Tur traded higher by Rs 500 to Rs 8,325-8,350/100Kg at benchmark market Akola, on improved local and outstation mill purchase due to immediate requirement for crushing.
Meanwhile, some profit taking was witnessed at higher rates from last couple of days. Millers and resellers were active to liquidate their stock due to fear of government may step to control prices. Government agencies may liquidate procured stocks from next week and also government will allocate quota to millers/refineries sooner than later, due to shortage of Tur.
Overall tur prices are likely to get support at lower rates, as arrival of new domestic crop is still two months away. Moreover, import parity will be higher, if government gives import quota to millers. Meanwhile, supply from Mozambique is likely to continue.
|
Tur ( Prices In Rs /100Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Mumbai
|
Lemon
|
7600-7800
|
6800-7000
|
6400-6600
|
4800-4825
|
|
Akola
|
Desi Bilty
|
8325-8350
|
7800-7850
|
7300-7325
|
5575-5600
|
|
Gulbarga
|
Desi
|
8500-8700
|
NA
|
7000-7300
|
5400-5500
|
|
|
|
|
|
|
|
|
Tur Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Akola
|
Phatka
|
11400-11500
|
10400-10600
|
9800-10000
|
7700-7900
|
|
Gulbarga
|
Phatka
|
11200-11600
|
NA
|
9800-10200
|
7800
|
|
Katni
|
Phatka
|
11600-11700
|
10500-10600
|
9900-10000
|
8050-8150
|
Burma Urad:
Price of Burma Urad FAQ new variety moved higher by Rs 700 to Rs 8,200/100Kg, in Mumbai amid mill buying at lower rates, on immediate requirement for crushing, against limited ready stock and zero supply pressure from overseas markets.
Similarly in Chennai, Burma Urad FAQ-SQ varieties also gained Rs 800-900 at Rs 8,300-8,350/100Kg and Rs 9,500-9,550 respectively.
As per Burma based local trader, Urad FAQ/SQ varieties gained at Burma amid India buying. Around 50 containers of Urad FAQ/SQ been traded for India. Urad SQ traded at $1135 per metric ton and FAQ variety at $950 on FOB basis. No vessel for India was reported in near future.
DGFT allocated import quota for the current FY up to March 2021. As per the notification each eligible and verified importer shall be allowed to import 97 MTs approximately.
Buyers are still cautious as news is making round in markets that government will allocate additional import quota of around 1-1.5 Lakh tonnes more, soon.
Arrival of new Urad is expected to increase in coming days, as farmers will actively liquidate stocks at existing rates.
However, arrivals of superior quality Urad is weaker as compared to average/damaged quality. Hence, millers were facing difficulty in getting good quality Urad for crushing.
In forward trade at Chennai, more sellers were registered as compared to buyers against October month.
As per market view, prices are likely to get support due to no overseas supply pressure, damage to yield and quality of domestic Urad and limited carry over stock with government/private traders.
|
Urad ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Mumbai FAQ
|
FAQ
|
8200
|
7450
|
7500
|
5600
|
|
Chennai
|
FAQ
|
8300-8350
|
7500
|
7625-7650
|
5900
|
|
Chennai
|
SQ
|
9500-9550
|
8600
|
8825-8850
|
6900
|
|
Jalgaon
|
Desi
|
7450-8000
|
7150-7400
|
NA
|
5500-6000
|
|
|
|
|
|
|
|
|
Urad Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Mumbai
|
|
10400-11000
|
10000-10400
|
10000-10400
|
7000-7200
|
Chana Kantewala (Indore):
Chana prices extended gains by Rs 100 to Rs 5,500-5,525/100Kg in Indore, as millers were facing difficulty in procuring good quality supplies for crushing amid depleting stocks with NAFED and physical markets.
However, demand and sale counters in Chana dal/besan witnessed slow activity at higher rates.
The rumour of duty reduction on imported chana is not verified, yet. But, buyers are still away from making aggressive purchases.
Also, NAFED has been active at liquidating stocks at higher rate and rejected bids of lower rates.
In Mumbai, Tanzania-origin Chana was almost steady at Rs 5,400/100Kg due to supplies from its origin.
On other hand, Sudan and Russia-origin Kabuli Chickpea gained Rs 50, each, at Rs 5,600 and Rs 5,500, respectively.
As per market talk, Chana prices are likely be underpinned at lower rates due to demand hopes of increased consumption amid festive season. Negligible overseas supplies of White Pea will support Chana prices further. However supply of Kabuli Chickpea has been witnessed, but parity is higher.
Demand of seeds for sowing is expected to rise as rabi sowing begins soon. As per market sources, sowing has begun in some places of Andhra Pradesh.
|
Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Mumbai
|
Australia
|
NA
|
NA
|
NA
|
4250
|
|
|
Tanzania
|
5400
|
5400
|
5350-5400
|
NA
|
|
|
Burma
|
NA
|
NA
|
NA
|
4150
|
|
Indore
|
Katewala
|
5500-5525
|
5400-5450
|
5350-5400
|
4325-4350
|
|
Delhi
|
Rajasthan origin
|
5625
|
5425-5450
|
5450-5475
|
4450
|
|
Akola
|
|
5525-5550
|
5525-5550
|
5525-5550
|
4475-4500
|
|
Bikaner
|
|
5400
|
5300
|
5250
|
4250
|
|
|
|
|
|
|
|
|
Chana Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Akola
|
|
6500-7200
|
6500-7000
|
6300-6900
|
5100-5700
|
|
Indore
|
|
6500-7000
|
6500-7000
|
6200-6500
|
NA
|
|
Jaipur
|
|
6500
|
6350
|
6300-6325
|
5400
|
|
|
|
|
|
|
|
|
Chana Besan ( Prices In Rs / 50Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Mumbai
|
|
3850
|
3800
|
3750
|
3030
|
|
|
|
|
|
|
|
|
Kabuli Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Indore
|
40-42
|
NA
|
NA
|
NA
|
5850
|
|
|
42-44
|
7550
|
7500
|
7650
|
5650
|
|
|
44-46
|
7400
|
7350
|
7500
|
5550
|
|
|
Dollar
|
6800-7200
|
NA
|
6800-7100
|
4800-5300
|
|
Mumbai
|
Sudan
|
5600
|
5550
|
5450-5500
|
4225
|
|
|
Ethiopia
|
NA
|
NA
|
NA
|
4150
|
|
|
Russia
|
5500
|
5450
|
5400-5450
|
4150
|
|
|
Burma
|
NA
|
NA
|
NA
|
4350
|
Imported Masoor (Mumbai):
Canada crimson variety and Australia-origin Masoor in Mumbai widened losses by Rs 25-50 at Rs 5,281-5,325/100Kg and Rs 5,400-5,425, respectively in Mumbai, amid dull mill buying.
Availability of imported raw and processed Masoor stocks at cheaper rates, slower offtake in processed Masoor and reduced import duty has dampened the sentiments.
Similarly, Canada crimson variety Masoor at Hazira and Mundra port fell Rs 10-20 each, at Rs 5,271/100Kg, respectively.
As per market talk, Masoor prices are likely to get some support due to cheaper rates compared to other pulses and hike in MSP to Rs 5,100/100Kg.
Demand of seeds for sowing is also expected as rabi sowing will begin soon.
|
Masoor ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Mumbai
|
Canada
|
5281-5325
|
5281-5350
|
5350-5450
|
3900-4025
|
|
|
Australia
|
5400-5425
|
5400
|
5525
|
4125
|
|
Mundra
|
Canada
|
5271
|
5271
|
5331-5341
|
NA
|
|
Hajira
|
Canada
|
5270
|
5281
|
5351
|
NA
|
|
Kolkata
|
Canada
|
5350-5400
|
5350-5400
|
5375-5450
|
4150-4250
|
|
|
Australia
|
5550-5650
|
5550-5700
|
5550-5750
|
4300
|
|
Indore
|
Desi
|
5600-5650
|
5600-5650
|
5600-5650
|
4100-4150
|
|
Raipur
|
Desi
|
NA
|
NA
|
NA
|
4175-4200
|
|
Kanpur
|
Desi
|
5925
|
5875
|
6000
|
4375
|
|
|
|
|
|
|
|
|
Masoor Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Khopoli
|
|
6400
|
6400
|
6400
|
5100-5200
|
|
Katni
|
|
NA
|
NA
|
NA
|
4800
|
Imported White Pea (Mumbai):
White Pea prices gained Rs 50 to Rs 6,400/100Kg at Kanpur market on fresh demand from local and outstation markets, for graded quality White Pea.
Similarly, price of White pea, besan and dal traded higher by Rs 50-100/100Kg amid shortage. Moreover, crushing of White Pea for making dal and besan by mills were less interesting due to unavailability of White Pea. Major mills have halted the crushing activity in White Pea.
Customs department has not released the imported pulses yet, as the release will contradict the government’s existing policy.
|
White Pea ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Mumbai
|
Canada
|
NA
|
NA
|
NA
|
4875
|
|
Kolkata
|
Canada
|
NA
|
NA
|
NA
|
5150
|
|
Kanpur
|
|
6400
|
6350
|
6450
|
5250
|
|
|
|
|
|
|
|
|
White Pea besan ( Prices In Rs / 50Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Mumbai
|
|
3950
|
3900
|
3750
|
3200
|
|
|
|
|
|
|
|
|
White Pea Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Mumbai
|
|
7200
|
7100
|
7000
|
5800
|
Moong (Jaipur):
Moong old prices rose by Rs 300 at Rs 7,800-7,900/100Kg in Jaipur market of Rajasthan, as per quality, amid mill buying on immediate requirement for crushing.
Similarly, old variety Moong traded higher in many markets of Madhya Pradesh on local and outstation millers buying activity despite higher arrivals.
Arrivals of superior quality Moong is less compared to average/damaged quality at major producing centres. Hence, millers were facing difficulty in getting good quality Moong for crushing and polishing.
Moreover, demand and sale counter in processed Moong was also reported to be good.
Yield and quality of new Moong is affected due to rains in major producing centers. Moreover, crop is reportedly damaged due to Yellow Mozaic disease and locust attacks in Rajasthan. However, higher kharif output in the country this year reported and record production estimates.
Robust summer crop of Moong was reported this year in Madhya Pradesh and Moong supply will most likely continue till next year.
Pace of procuring new Kharif Moong is negligible by government agencies at MSP prices.
Farmers continue to be in possession of the stock and eagerly waiting for government to procure. Arrivals and supplies stocked in godowns, meanwhile are enough to offset current requirements.
|
Moong ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Jaipur
|
Kharif
|
7800-7900
|
7500-7600
|
7700-7800
|
5800-6100
|
|
Harda
|
Summer
|
NA
|
NA
|
NA
|
5600-6400
|
|
|
|
|
|
|
|
|
Moong Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
10-Oct-20
|
03-Oct-20
|
26-Sep-20
|
10-Oct-19
|
|
Jaipur
|
|
8600-8700
|
8200-8300
|
8400-8500
|
7600-7700
|
|
Gulbarga
|
|
9100-9200
|
NA
|
8800-9000
|
8400
|
|
Akola
|
|
NA
|
NA
|
NA
|
7300-7800
|
|
Nafed Procured Moong As On 7 Oct, 2020
|
|
State
|
MT
|
|
Tamil Nadu
|
46.35
|
|
Haryana
|
330.3
|
|
Total
|
376.65
|
(By Commodities control Bureau; +91 9820130172)
|
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