MUMBAI (Commodities control) – Prices of Tur, Urad, Chana, Moong and White Pea declined for the week ended 20th March, 2021 amid thin buying activity. While, Masoor and Kabuli Chana extended gains on improved demand.
Weekly Highlights
# Centre extends the last date for import of 1.5 Lakh MT of Urad for the fiscal year 2020-21, from 31st March, 2021 to 30th April.
# The Central Government notifies annual quota for the fiscal year 2021-22 for import of 4 Lakh MT of Tur and 1.5 Lakh MT of Moong.
# DGFT also notifies import of 2Lk T Pigeon Peas from Mozambique in 2021-22.
# Canadian Pulses: Dry Peas, Lentils Prices 2020-21 to Rise amid Strong Export Demand & Lower Stocks; Chickpeas to Firm Up on Tight Global Supplies.
# Rajasthan Posts over 33% Crop Loss from Farms attacked by Locusts--Agri Min.
Burma Lemon Tur:
Tur Lemon variety of Burma-origin remained weak by Rs 75 to Rs 6,350/100Kg in Mumbai, as DGFT notifies import of 2Lk Mozambique Tur and also the Central government notifies annual quota for import of 4 Lakh MT of Tur. Moreover, buying from mills was reported slack participation as demand and sale counters in processed Tur reported dull.
Millers were facing disparity and cash crunch due to financial year end has pressurised sentiments.
Similarly, domestic variety of Tur also fell Rs 100 at Rs 6,950-6,975/100Kg in bilty trade at benchmark market of Akola despite decreasing domestic arrivals.
As on March 17, 2021, NAFED has procured 10900.36 MT of Tur at MSP of Rs 6,000 in Karnataka, Maharashtra, Gujarat, Tamil Nadu and Andhra Pradesh.
As per market sources, some quantity supplies from overseas expected to start arriving in April month. Already, around 15,000-20,000 MT Sudan origin Tur is in custom bonded warehouse. New crop arrivals expected to start from April in Sudan and approximately 35,000-40,000 MT will be import in May-June. Balance old stock of Tur totalled 40,000-50,000 Mt In Tanzania expected. Meanwhile, Tur sowing has began in Tanzania. Sowing likely to be good in international market due to better Tur prices. Imports will arrive from overseas at regular intervals as government already issued total 6 lakh tonnes quota.
Hopes of big rally in Tur has been halt after government issued quota. Tur prices likely to be trade range bound from current level. However, fundamentals of Tur are strong due to lower yields, lesser old procured stock with government. Weak or delay monsoon in June forecast will only boost rally in Tur.
Meanwhile, rain in Maharashtra from couple of days likely to damage Mango may support Tur prices.
|
Tur ( Prices In Rs /100Kg )
|
|
Market
|
Variety
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Mumbai
|
Lemon
|
6350
|
6425-6450
|
6375
|
5000
|
|
Akola
|
Desi Bilty
|
6950-6975
|
7050-7100
|
6950-7000
|
5375-5400
|
|
Gulbarga
|
Desi
|
6700-6800
|
NA
|
6600-6700
|
NA
|
|
|
|
|
|
|
|
|
Tur Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Akola
|
Phatka
|
9800-10000
|
9600-9800
|
9700-9900
|
7600-7800
|
|
Gulbarga
|
Phatka
|
9300-9700
|
NA
|
9300-9700
|
NA
|
|
Katni
|
Phatka
|
9650-9750
|
9600-9700
|
9700-9800
|
7800-7900
|
Burma Urad:
Prices of Burma Urad FAQ variety declined by Rs 150 at Rs 7,150/100Kg in Mumbai, amid muted buying by mills as offtake in processed Urad still reported to be slack.
Moreover, Centre extends the last date for import of 1.5 Lakh MT of Urad for the fiscal year 2020-21, from 31st March, 2021 to 30th April.
Earlier the Indian government announced quota of 4 Lakh tonnes for import of Urad for the period upto 31st March 2022.
Similarly, Burma Urad SQ variety in Chennai dropped by Rs 100 at Rs 7,950/100Kg. While, FAQ variety ruled unchanged at Rs 7,400-7,450.
As per Burma based local trader, direct vessel carrying 600 container Urad (14,400 MT) has departed from Yangon for Chennai on 15th March, 2021. Second direct vessel expected to load 500-600 containers for Chennai on 25th March & third direct vessel expected between 15th - 20th April.
Trade activity is negligible as Martial law imposed on 14th March, 2021. Internet services also affected.
Meanwhile, Port activity and Government banking transaction is operating slowly.
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.
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Urad ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Mumbai FAQ
|
FAQ
|
7150
|
7300-7350
|
7300
|
6050
|
|
Chennai
|
FAQ
|
7400-7450
|
7400
|
7300
|
NA
|
|
Chennai
|
SQ
|
7950
|
8050
|
7900-7950
|
6600-6650
|
|
Jalgaon
|
Desi
|
7450-8100
|
7500-8100
|
7550-8100
|
6450-6950
|
|
|
|
|
|
|
|
|
Urad Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Mumbai
|
|
9800-10600
|
9800-11000
|
9800-11000
|
8200-8700
|
Chana Kantewala (Indore):
Chana prices slipped by Rs 150 at Rs 5,000-5,025/100Kg in Indore following weak cues from futures, thin mill buying and increased arrivals in Rajasthan.
Although spot prices have not taken a severe hit as stockist entered market to capitalise on falling prices.
In one key development Nafed have announced closure of tenders for selling Chana old procured stocks.
It would severely limit availability of Chana which would in turn limit the lowering prices.
Demand for Chana dal slimmed due to fall in futures this week. Going forward, festive demand will keep market busy in next few weeks.
Pace of procurement by government agency at MSP likely to improve from next week will support the prices.
As on March 17, 2021, NAFED has procured 31827.67 MT of Chana at MSP of Rs 5,100 in Andhra Pradesh, Maharashtra, Karnataka and Gujarat.
Similarly, Tanzania-origin Chana in Mumbai was weakened by Rs 150 at Rs 4,650-4,675/100Kg amid slack mills buying as millers-stockiest prefers to purchase new domestic Chana compare to old imported Chana and also ongoing new domestic arrivals.
Sudan and Russia-origin Kabuli Chickpea prices traded at Rs 4,600-4,950/100Kg and Rs 4,950-5,050, respectively.
Dollar variety Chana moved up sharply at Rs 7,500-8,500/100Kg in Indore because of inclement weather and damage to the crop. 42-44 & 44-46 count Kabuli Chana also rise sharply by Rs 650 each at Rs 8,950/100Kg and Rs 8,800, respectively.
|
Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Mumbai
|
Australia
|
NA
|
NA
|
NA
|
NA
|
|
|
Tanzania
|
4650-4675
|
4800
|
4700
|
3800
|
|
|
Burma
|
NA
|
NA
|
NA
|
3750
|
|
Indore
|
Katewala
|
5000-5025
|
5150-5175
|
5100-5150
|
4050
|
|
Delhi
|
Rajasthan origin
|
4950-4975
|
5150
|
5150-5175
|
4350
|
|
Akola
|
|
4950-4975
|
4975-5000
|
4950-4975
|
4050-4075
|
|
Bikaner
|
|
4850
|
5050
|
4980
|
4100-4125
|
|
|
|
|
|
|
|
|
Chana Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Akola
|
|
6000-6400
|
6000-6400
|
5700-6100
|
4800-5200
|
|
Indore
|
|
6100-6400
|
6100-6400
|
5600-6200
|
4900-5000
|
|
Jaipur
|
|
5800
|
5975-6000
|
5950
|
4825
|
|
|
|
|
|
|
|
|
Chana Besan ( Prices In Rs / 50Kg )
|
|
Market
|
Variety
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Mumbai
|
|
3400
|
3400
|
3400
|
2920
|
|
|
|
|
|
|
|
|
Kabuli Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Indore
|
40-42
|
NA
|
NA
|
NA
|
6500
|
|
|
42-44
|
8950
|
8300
|
7350
|
6300
|
|
|
44-46
|
8800
|
8150
|
7200
|
6150
|
|
|
Dollar
|
7500-8500
|
NA
|
7000-7900
|
5000-5400
|
|
Mumbai
|
Sudan
|
4600-4950
|
4700-4850
|
4500-4800
|
3800
|
|
|
Ethiopia
|
NA
|
NA
|
NA
|
3800
|
|
|
Russia
|
4950-5050
|
5100-5200
|
4850-4950
|
3950
|
|
|
Burma
|
NA
|
NA
|
NA
|
3900
|
Imported Masoor (Mumbai):
Canada crimson variety Masoor along with Australia Masoor in Mumbai extended gains by Rs 50-75 each at Rs 5,625-5,725/100Kg and Rs 5,800, respectively on weather concerns in Madhya Pradesh and mills buying on immediate requirement for crushing despite increased in domestic arrivals.
Similarly, Canada crimson variety Masoor at Hajira-Mundra port are each up by Rs 75 at Rs 5,625/100kg and Rs 5,575, respectively, while at Kandla it was priced higher by Rs 75 at Rs 5,525/100Kg.
Moreover, no further overseas supply are expected due to higher parity. Bulk buyers and importers have been actively isolate with every dip in the market due to less imported stock. Stockiest were inactive at prevailing rates in domestic market.
Lower rates of Masoor likely to attract buyers due to dropped in yield, no carry over stock and no overseas supply pressure.
|
Masoor ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Mumbai
|
Canada
|
5625-5725
|
5550-5675
|
5450-5600
|
4900
|
|
|
Australia
|
5800
|
5750
|
5675
|
4950
|
|
Mundra
|
Canada
|
5575
|
5500
|
5400
|
4725
|
|
Hajira
|
Canada
|
5625
|
5550
|
5425
|
4750
|
|
Kandla
|
Canada
|
5525
|
5450
|
5375
|
NA
|
|
Kolkata
|
Canada
|
5800-5900
|
5850
|
5650-5700
|
4850
|
|
|
Australia
|
5950-6050
|
5950
|
5700-5800
|
5000
|
|
Indore
|
Desi
|
5550-5575
|
5550-5600
|
5400
|
4550
|
|
Raipur
|
Desi
|
NA
|
NA
|
NA
|
4750
|
|
Kanpur
|
Desi
|
5800
|
5750
|
5550
|
4800
|
|
|
|
|
|
|
|
|
Masoor Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Khopoli
|
|
6800
|
6650
|
6600
|
5700-5750
|
|
Katni
|
|
NA
|
NA
|
NA
|
5350
|
White Pea (Kanpur):
New White Pea prices dropped by Rs 300 at Rs 4,900/100Kg (dal quality) and Rs 5,100 (40% filter quality) at Kanpur market, due to increased new arrivals.
As per Kanpur based trader, prices of White Pea is likely to get support at lower rates 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 at lower rates 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
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Mumbai
|
Canada
|
No Stock
|
No Stock
|
No Stock
|
5900-6000
|
|
Kolkata
|
Canada
|
No Stock
|
No Stock
|
No Stock
|
5700
|
|
Kanpur
|
|
4900-5100
|
5400
|
4950
|
4400
|
|
|
|
|
|
|
|
|
White Pea besan ( Prices In Rs / 50Kg )
|
|
Market
|
Variety
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Mumbai
|
|
4450
|
4450
|
4450
|
3630
|
|
|
|
|
|
|
|
|
White Pea Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Mumbai
|
|
7000
|
NA
|
NA
|
6900
|
Moong (Jaipur):
Moong prices widened losses by Rs 200 at Rs 5,600-6,900/100Kg 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 7,700/100Kg.
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 Central Government notifies annual quota for the fiscal year 2021-22 for import of 1.5 Lakh MT of Moong.
|
Moong ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Jaipur
|
|
5600-6900
|
6600-7100
|
6800-7300
|
8200-8300
|
|
Harda
|
|
5500-8000
|
NA
|
5000-7800
|
7400-8000
|
|
|
|
|
|
|
|
|
Moong Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
20-Mar-21
|
13-Mar-21
|
06-Mar-21
|
20-Mar-20
|
|
Jaipur
|
|
7700
|
7800-8000
|
8400-8500
|
8800-8900
|
|
Gulbarga
|
|
9300-9400
|
NA
|
9300-9500
|
NA
|
|
Akola
|
|
NA
|
NA
|
NA
|
8500-9000
|
(By Commodities control Bureau; +91 9820130172)
|
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