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Weekly: Most Pulses Gains Over the Week, Moong Prices Tumble

15 Mar 2021 9:33 am
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MUMBAI (Commodities control) – Prices of major pulses, such as Tur, Urad, Chana, Kabuli Chickpea, Masoor and White Pea headed northward for the week ended 13th March, 2021 amid mills’ buying activity at lower rates. Only Moong prices slipped due to dull millers’ trade.

Weekly Highlights

# Canadian Red Lentil Exports Eased by 37,126 MT. Export sales for January totalled 50,613 MT, down 42% from 87,739 MT the previous month. However, export sales so far during the marketing year were up 34% from 586,554 MT.
# Canada Masoor exports declined 36% in January at 106,931 MT from 166,538 the previous month. Meanwhile the Masoor shipments for the same month last year totalled 1,015,138 MT, up 29% last year.

Burma Lemon Tur:

Tur Lemon variety of Burma-origin firmed up by Rs 50 to Rs 6,425-6,450/100Kg in Mumbai, due to millers’ buying interest at lower rates and less ready imported stock.

Similarly, domestic variety of Tur gained Rs 50 at Rs 7,050-7,100/100Kg in bilty trade at benchmark market of Akola amid fresh mill buying activity on immediate requirement for crushing and also decreasing domestic arrivals.

Moreover, some activity in tur dals were reported at lower price.

As on March 11, 2021, NAFED has procured 10865.86 MT of Tur at MSP of Rs 6,000 in Karnataka, Maharashtra, Gujarat, Tamil Nadu and Andhra Pradesh.

As per market view, Tur prices are likely to get support at lower rates as fundamentals of Tur are strong due to lower yields, lesser old procured stock with government and import halt.
Tur ( Prices In Rs /100Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Mumbai Lemon 6425-6450 6375 6500 4750
Akola Desi Bilty 7050-7100 6950-7000 7000-7075 5100-5125
Gulbarga Desi NA 6600-6700 6700-6900 NA
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Akola Phatka 9600-9800 9700-9900 9800-9900 7400-7500
Gulbarga Phatka NA 9300-9700 9300-9800 NA
Katni Phatka 9600-9700 9700-9800 9800-9900 7400-7500


Burma Urad:

Prices of Burma Urad FAQ variety remained unchanged at Rs 7,300-7,350/100Kg in Mumbai, on limited mill purchase due to slow offtake in processed Urad.

On other hand, Burma Urad SQ-FAQ varieties in Chennai moved higher by Rs 50-100 at Rs 8,050/100Kg and Rs 7,400, respectively on selected mills’ buying.

As per Burma based local trader, around 500 containers of Urad has been loaded in direct vessel for Chennai. Vessel expected to sail from Burma on 13th or 15th March. However, banking transaction are likely to resume from Monday (15th March, 2021).

As per market sources, upcoming supply from Burma, ongoing arrivals of Urad at Krishna district, limited offtake in processed Urad during summer period and upcoming supply of summer crop from April-May in Madhya Pradesh and Gujarat are likely to keep prices under check.
Urad ( Prices In Rs / 100Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Mumbai FAQ FAQ 7300-7350 7300 7400-7450 5800
Chennai FAQ 7400 7300 7350 5720
Chennai SQ 8050 7900-7950 8100 6200-6250
Jalgaon Desi 7500-8100 7550-8100 7550-8050 6150-6750
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Mumbai 9800-11000 9800-11000 10900-11000 8000-8500

Chana Kantewala (Indore):

Chana prices extended rise by Rs 50 at Rs 5,150-5,175/100Kg in Indore following firm cues from futures and improved mill buying activity on immediate requirement for crushing.

Weather concern in Madhya Pradesh and Rajasthan due to rain, hail and overcast skies from couple of days has also supported the prices.

The recent correction in Chana prices presented invaluable opportunity to the stockist who were looking to hold up on the commodity for longer term.

Corporates and bulk buyers active in Maharashtra and Gujrat have bought sizeable volumes.

It has resulted in draining down of arrivals in the key mandis, making millers to compete even during peak arrivals period.

The demand in dals and besan has been positive after being quiet for over a week.

Going forward, festive demand from Maharashtra and Southern states is expected to hit the market for dals and besan counter.

As on March 11, 2021, NAFED has procured 9288.91 MT of Chana at MSP of Rs 5,100 in Andhra Pradesh, Maharashtra, Karnataka and Gujarat.

Similarly, Tanzania-origin Chana in Mumbai was quoted higher by Rs 100 at Rs 4,800/100Kg on better millers’ trade activity.

Similarly, Sudan and Russia-origin Kabuli Chickpea prices traded higher by Rs 200-250 each, at Rs 4,700-4,850/100Kg and Rs 5,100-5,200, respectively.
Chana ( Prices In Rs / 100Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Mumbai Australia NA NA NA NA
Tanzania 4800 4700 4500 3600-3650
Burma NA NA NA 3600
Indore Katewala 5150-5175 5100-5150 5000 3800
Delhi Rajasthan origin 5150 5150-5175 4950 4000-4025
Akola 4975-5000 4950-4975 4900-4925 3725-3750
Bikaner 5050 4980 4750 3850
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Akola 6000-6400 5700-6100 5600-6000 4600-5000
Indore 6100-6400 5600-6200 5500-6000 4700-4800
Jaipur 5975-6000 5950 5700 4675
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Mumbai 3400 3400 3350 2930
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Indore 40-42 NA NA NA 6000
42-44 8300 7350 7000 5800
44-46 8150 7200 6850 5600
Dollar NA 7000-7900 6000-6800 4800-5300
Mumbai Sudan 4700-4850 4500-4800 4250-4500 3600-3650
Ethiopia NA NA NA 3600-3650
Russia 5100-5200 4850-4950 4550-4750 3700-3750
Burma NA NA NA 3700-3750


Imported Masoor (Mumbai):

Canada crimson variety Masoor along with Australia Masoor in Mumbai gained by Rs 75-100 each at Rs 5,550-5,675/100Kg and Rs 5,750, respectively on mills’ buying support and weather concern in Madhya Pradesh due to rain, hail and cloudy climate from couple of days. Ongoing domestic arrivals also less.

Similarly, Canada crimson variety Masoor at Hajira-Mundra port are each up by Rs 100-125 at Rs 5,550/100kg and Rs 5,500, respectively, while at Kandla it was priced higher by Rs 75 at Rs 5,450/100Kg.

Moreover, stock of imported Masoor has been depleting each day. No further overseas supply are expected due to higher parity. Bulk buyers, importers and millers shifted to crush domestic Masoor due to less imported stock.

Stockiest were inactive at prevailing rates in domestic market.
Masoor ( Prices In Rs / 100Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Mumbai Canada 5550-5675 5450-5600 5525-5600 4600
Australia 5750 5675 5700 4625
Mundra Canada 5500 5400 5500 4450
Hajira Canada 5550 5425 5525 4475
Kandla Canada 5450 5375 5450 NA
Kolkata Canada 5850 5650-5700 5650-5700 4750
Australia 5950 5700-5800 5800-5900 4800
Indore Desi 5550-5600 5400 5600 4300
Raipur Desi NA NA NA 4600
Kanpur Desi 5750 5550 5800 4500
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Khopoli 6650 6600 6450 5550-5600
Katni NA NA NA 4950


White Pea (Kanpur):

New White Pea prices moved higher by Rs 450 to Rs 5,400/100Kg at Kanpur market, due to lower level buying support from bulk buyers against ongoing new arrivals.

As per Kanpur based trader, prices of White Pea is likely to get further support due to negligible carryover stock. Millers-traders will actively purchase as the pipeline is empty. Stockiest activity and bulk buying from big companies may be witnessed further in the coming days.

Moreover, imported White pea stock is also negligible after India banned import of the yellow peas. Customs department has not released the imported pulses yet, as the release will contradict government’s existing policy.
White Pea ( Prices In Rs / 100Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Mumbai Canada No Stock No Stock No Stock 5450
Kolkata Canada No Stock No Stock No Stock 5300-5400
Kanpur 5400 4950 5450 4000
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Mumbai 4450 4450 4450 3560
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Mumbai NA NA NA 6800


Moong (Jaipur):

Moong prices widened losses by Rs 200 at Rs 6,600-7,100/100Kg at Jaipur market of Rajasthan, as per quality, amid thin mills’ buying activity.

Similarly, demand and sale counters in processed Moong reported slow participation and traded lower at Rs 7,800-8,000/100Kg.

New summer Moong crop is expected to arrive from March end-April in Madhya Pradesh.

Moreover, summer crop will also arrive in Gujarat from May 1st week. Arrivals of new crop will be witnessed in Andhra Pradesh and Odisha in near future.

Farmers were still holding kharif crop Moong in Madhya Pradesh and Rajasthan.

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

The Directorate General of Foreign trade (DGFT) has allotted quota for import of 1.5 Lakh MTs of moong for the fiscal year 2020-21, until 31st March 2021.
Moong ( Prices In Rs / 100Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Jaipur 6600-7100 6800-7300 7000-7500 7200-7400
Harda NA 5000-7800 NA 7300-7800
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 13-Mar-21 06-Mar-21 27-Feb-21 13-Mar-20
Jaipur 7800-8000 8400-8500 8500-8600 8100-8200
Gulbarga NA 9300-9500 9400-9500 NA
Akola NA NA NA 8500-9000


(By Commodities control Bureau; +91 9820130172)

       
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