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Weekly: Tur-Urad Plunges Most This Week; NAFED Sales to Determine Market Direction

9 Nov 2020 10:56 am
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MUMBAI (Commodities control) – Tur, Urad, Chana and Kabuli Chana remained weak for the week ended 7th November, due to dull trade activity from traders/millers. Mean while, White Pea traded firm on selected purchases. On the other hand, Moong prices were nearly unchanged on limited trade activity, while Masoor traded mixed amid thin trade volume.

Weekly Highlights

# India's Rabi pulses sowing were up by 46.95% as on November 6, to 36.43 lakh hectare vs 24.79 lakh hectares during the same period last year.
# Canada Masoor exports zoomed 304% higher during October at 349,623 MT as compared with September at 86,583 MT. Meanwhile the lentil shipments for the marketing year totalled 436,206 MT, compared to 387,301 during the last marketing year. In October, India was the top destination buying 116,671 MT, while Turkey stood second receiving 109,270 MT. It was followed by the United Arab Emirates that bought 41,361 MT.
# Masoor exports from Australia during the marketing year , so far, has shot up 86% to 637,397 MT. Meanwhile, the data reveals that monthly exports of lentils have risen over 40% at 32,707 metric tons (MT) in October. Meanwhile India was the top importer of Australian lentils, receiving 8,654 MT. Sri Lanka was the second most important buyer taking 7,005 MT, followed by Bangladesh at 6,246 MT.
# All India Dal Mills Association-- National body of the pulse and pulse seeds traders in the country, has demanded abolition of the Factory Act and exemption in the Labour act to promote and give a boost to pulse and other small industries in the country.
# India's merchandise exports fell 5.4% in October from a year ago to $24.82 billion, while imports contracted 11.56% to $33.6 billion, preliminary data released by the government. Exports had grown 5.27% to $27.40 billion in the previous month, the data showed.

Rabi Chana Sowing Up 43.6 % As On Nov 4 Vs Same Period Last Yr (LAKH HA)
State Area Sown In Lakh Hectare 2020-2021 Area Sown In Lakh Hectare 2019-2020
Rajasthan 10.12 6.94
Madhya Pradesh 7.99 1.53
Karnataka 2.58 4.61
Uttar Pradesh 2.34 1.79
Maharashtra 0.4 0.22
Andhra Pradesh 0.98 1.61
Total 25.1 17.48
Rabi Masoor Sowing Up 88.78 % As On Nov 4 Vs Same Period Last Yr (LAKH HA)
Madhya Pradesh 1.43 0.15
Uttar Pradesh 1.93 1.52
Total 3.7 1.96
Rabi Field Pea Sowing Up 101.41 % As On Nov 4 Vs Same Period Last Yr (LAKH HA)
Madhya Pradesh 0.8 0.17
Uttar Pradesh 1.77 1.07
Total 2.86 1.42
Rabi Urad Sowing Down 1.08 % As On Nov 4 Vs Same Period Last Yr (LAKH HA)
Andhra Pradesh 0.22 0.17
Tamil Nadu 0.58 0.7
Total 0.92 0.93
Rabi Moong Sowing Down 45 % As On Nov 4 Vs Same Period Last Yr (LAKH HA)
Tamil Nadu 0.08 0.16
Total 0.11 0.2


Burma Lemon Tur:

Tur Lemon variety of Burma-origin new slipped for fourth straight week by Rs 300/100kg to Rs 6,200/100Kg, in Mumbai, as Nafed offloads kharif 2019 stock at Rs 6,300/100Kg and above.

In forward trade, commodity was quoted weak to Rs 5,950 for November delivery.

Similarly, domestic variety Tur traded lower by Rs 400 to Rs 6,450-6,500/100Kg at benchmark market Akola.

Timing of both decisions i.e, import quota for the millers and keeping the window open till 31st Dec along with Nafed opening tenders for selling stocks has created negative sentiments amid oversupply.

On top of it, Piyush Goyal tweeted that GOI has taken a call to sell off 2 Lakh MT of tur stocks over next two weeks in open market tenders.

Nafed has commenced state wise sale of 187,899 MT Tur, through NeML in Maharashtra, Karnataka, Gujarat, Madhya Pradesh and Tamil Nadu.

Buyers are cautious, as supply of around 50,000 tonnes from Burma is expected to reach India (Chennai port) next week end.

Meanwhile, regular supply from Mozambique and Sudan Tur was reported.

As per market sources, fluctuation of Tur prices depend on Government agency approval of Tur tender bids in coming days. NAFED selling through tenders will determine the market direction.

Tur ( Prices In Rs /100Kg )
Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Mumbai Lemon 6200 6500 6900 5350
Akola Desi Bilty 6450-6500 6850-6900 7400-7450 6000-6025
Gulbarga Desi 6400-6500 NA NA 5900-6000
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Akola Phatka 9400-9600 9900-10100 10500-10600 8600-8800
Gulbarga Phatka 9200-9600 NA NA 8400-8800
Katni Phatka 9100-9200 9900-10000 10400-10500 8500-8700


Burma Urad:

Price of Burma Urad FAQ new variety fell by Rs 100 at Rs 7,600/100Kg, in Mumbai, due to slack millers' trade, ongoing domestic arrivals and dull offtake in processed Urad.

Similarly in Chennai, Burma Urad FAQ/SQ varieties weakened by Rs 100-150 at Rs 7,750/100Kg and Rs 8,750, respectively.

However, there's no arrival pressure of new crop yet. Arrivals of superior quality Urad is lesser as compared to average/damaged quality. Superior quality Urad traded at premium prices.

As per Burma based local trader, 25-30 containers of Urad FAQ has been traded on 6th November by Indian buyers at $850 per metric ton, on FOB basis.

Sentiments are still under pressure as Government has taken several steps towards cooling off the elevated prices, by giving import quota, liquidating old procured stock and releasing buffer stock at subsidised rate to the states for retail sale.

As per the notification each eligible and verified importer shall be allowed to import 97 MTs approximately. Some millers and importers have started getting licenses from government. But, no buyers are interested to import.

The government has entered a five-year MoU with Myanmar for imports of 2.5 lakh tons of urad.

As per market view, prices are likely to get support due to no overseas supply pressure, damage to yield and quality of domestic Urad, limited carry over stock with government/private traders.

Urad ( Prices In Rs / 100Kg )
Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Mumbai FAQ FAQ 7600 7700 7800 8200
Chennai FAQ 7750 7800-7850 7900 8450
Chennai SQ 8750 8900 8900 9200
Jalgaon Desi 7450-7850 7450-7875 NA 8200-8700
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Mumbai 9800-10500 9800-10500 10300-10800 10400-10700


Chana Kantewala (Indore):

Chana prices eased marginally at Rs 5,175-5,200/100Kg in Indore, amid thin mill buying, arrival of infected chana and supply of Chana/Kabuli Chickpea from overseas.

However, Nafed refraining from giving away tender at lower bids in range of 5125.

NAFED selling through tenders will determine the market direction going forward.

Chana stocks are depleting, but the excess stocking last month and lower demand has brought the prices down.

Chana dal and besan demand has, reportedly, been improving in major consumption markets.

In Mumbai, Tanzania-origin Chana ruled weak by Rs 100 at Rs 5,050/100Kg, due to supplies from its origin.

Similarly, Sudan and Russia-origin Kabuli Chickpea fell Rs 100, each, at Rs 5,250 and Rs 5,150, respectively.

Chana ( Prices In Rs / 100Kg )
Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Mumbai Australia NA NA NA 4400
Tanzania 5050 5150 5200 4350
Burma NA NA NA 4300
Indore Katewala 5175-5200 5200-5225 5200 4450
Delhi Rajasthan origin 5250-5260 5325 5250 4650
Akola 5175-5200 5325-5350 5250-5300 4600-4625
Bikaner 5100-5125 5150 5100 4450
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Akola 6000-6800 6200-6800 6000-7000 5200-5800
Indore 6200-6600 6400-6800 6400-6800 NA
Jaipur 6125-6150 6225 6200-6225 5500
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Mumbai 3725 3750 3750 3160
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Indore 40-42 NA NA NA 6600
42-44 6900 7050 7050 6400
44-46 6750 6900 6900 6200
Dollar 6000-6600 6300-7000 6200-6700 5000-5800
Mumbai Sudan 5250 5350 5400 4400
Ethiopia NA NA NA 4300
Russia 5150 5250 5300 4300
Burma NA NA NA 4425


Imported Masoor (Mumbai):

Canada crimson variety and Australia-origin Masoor in Mumbai extended fall by Rs 25 at Rs 5,125-5,200/100Kg and Rs 5,275-5,300, respectively in Mumbai.

On other hand, Canada crimson variety Masoor at Mundra and Hazira port moved up Rs 75-100 at Rs 5,125/100Kg each, respectively, on selected mill buying for immediate crushing requirement and less ready domestic stock.

However, availability of imported raw and processed Masoor stocks at cheaper rates, slower offtake in processed Masoor and expectations of more imports due to extension of 10% Concessional Duty to 31st December, 2020 will limit the gains.

Vessel M V NORD BERING carrying 38,000 tonnes of Canada Masoor arrived at Kakinada Port on 31st October, 2020.

Vessel M V Star Crios carrying 38,000 tonnes of Masoor from Canada is likely to reach India (Mundra) on 14th Nov, 2020.

As per market sources, Vessel M.V. Darya Jaya and M.V. Aragona carrying Masoor from Canada is likely to reach India.

Masoor ( Prices In Rs / 100Kg )
Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Mumbai Canada 5125-5200 5100-5225 5200-5275 4275-4400
Australia 5275-5300 5325 5350-5375 4425
Mundra Canada 5125 5050 5161 NA
Hajira Canada 5125 5100 5200 NA
Kolkata Canada 5300-5400 5250-5350 5250-5350 4750
Australia 5500-5650 5400-5600 5450-5600 4800
Indore Desi 5250-5300 5300 5500 4500
Raipur Desi 5300-5350 5400-5450 5450-5500 4725-4750
Kanpur Desi 5650 5725 5800 4725
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Khopoli 6350 6350 6400 5350-5400
Katni NA NA NA 5300


Imported White Pea (Mumbai):

White Pea prices gained for second straight week by Rs 150 to Rs 6,650/100Kg at Kanpur market on selected demand from local and outstation markets, for graded quality White Pea.

Similarly, Canada origin White Pea traded firm by Rs 25 to Rs 6,225/100Kg in Mumbai, as per quality.

On the other hand, price of White pea, besan and dal traded weak by Rs 50-100 at Rs 3,850/100Kg and Rs 7,000, respectively amid limited buying despite shortage.

Moreover, crushing of White Pea for making dal and besan by mills was less interesting, due to unavailability of White Pea. Major Mills have halted their crushing activity in White Pea.

Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Mumbai Canada 6225 6200 6300 4811
Kolkata Canada NA NA NA 5100
Kanpur 6650 6500 6200 5150
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Mumbai 3850 3900 3900 3100
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Mumbai 7000 7100 7100 5700


Moong (Jaipur):

Moong prices were steady at Rs 7,700-7,800/100Kg in Jaipur market of Rajasthan, as per quality, amid limited mill buying, cash crunch and ongoing kharif arrivals in major producing centres.

Similarly, processed Moong was unchanged at Rs 8,400-8,500/100Kg due to weak participation at demand and sale counters consumption centres.

Meanwhile, Government procurement of new Kharif Moong, at MSP, is snail-paced as good quality Moong prices traded above MSP of Rs 7,196 in spot markets.

Millers are interested in purchase of good quality moong for immediate requirement for crushing and polishing.

Arrivals and supplies stocked in godowns, meanwhile, are enough to offset current requirements.

Moong ( Prices In Rs / 100Kg )
Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Jaipur Kharif 7700-7800 7700-7800 7700-7800 6700-7000
Harda Summer 5500-8150 NA NA 6600-7180
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 07-Nov-20 31-Oct-20 24-Oct-20 07-Nov-19
Jaipur 8400-8500 8400-8500 8600-8700 8800
Gulbarga 9100-9200 NA NA 9100
Akola NA NA NA 7500-8000


Nafed Procured Moong As On 2 Nov, 2020
State MT
Tamil Nadu 46.35
Haryana 839.15
Maharashtra 187.58
Rajasthan 10.7
Total 1083.78


(By Commodities control Bureau; +91 9820130172)


       
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