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All Major Pulses Settles Lower In Mumbai On Muted Demand

19 May 2017 6:20 pm
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MUMBAI (Commoditiescontrol) – Sluggish trend prevailed in Tur, Urad and Chana due to absence of buying support from stockiest and traders during the evening trade session at Mumbai major pulses market on Friday.

Lemon Tur:
Burma origin lemon Tur variety further weakened by Rs.25/100Kgs on muted millers buying activity. Moreover, demand in processed Tur from consumption centers was diminutive and sellers in processed Tur were active in the market.

Maharashtra government can approach the Centre to get permission to purchase more tur dal from farmers. As the farmers are facing plunging tur prices because of a bumper crop, the state has already arranged to have an additional one lakh tons of tur procured by the NAFED.

According to industry participants "Government should come with clear policy about the pulses and create uniform rules about stock limit, market fee and other in order to help trade as traders, stockiest and millers are anxious and want to avoid any bulk deals due to uncertainty."

Burma Urad:
Prices of Burma origin FAQ and SQ variety both pared further edged lower by Rs.50/100Kgs due to decline in buying from mills amid muted demand from key consumption centers. Further, demand and sale in processed Urad usually eases from retail and wholesale counters during the summer season.

Buyers are concerned as carryover crop of Burma and good production of Urad crop in the prevailing year accompanied with availability of domestic Urad in the country is sufficient to cater the demand. Further, forecast of normal monsoon to arrive on time may drag Urad prices in coming days.

Australia Chana:
Rates of Australian origin Chana at both Mumbai and Mundra port extended fall by Rs.50/100Kgs due to sporadic demand from millers and traders at existing level. Further, negligible buying support from consumption centers in processed Chana had also exerted pressure.

On the other hand, new crop Australia chana (2017) was offered lower by Rs.100 at Rs.5,100/100Kgs for October-November shipment.

Similarly, old crop Australia chana (2017) was quoted at Rs.5,000/100Kgs for November - December shipment.

National Agricultural Cooperative Marketing Federation of India limited (NAFED) has procured 34,858.55 Metric Tonnes (MT) of Chana as on May 18, 2017 from major states such as from Rajasthan, Madhya Pradesh and Uttar Pradesh at premium prices compared to market rates.

Similarly in Delhi, crop of Rajasthan origin traded flat at Rs.5,600-5,625/100Kgs amid minor demand from millers and traders. Further, no supply from Madhya Pradesh origin was reported.

Besides, at benchmark market Indore, Madhya Pradesh Chana Kantewala variety quoted steady at Rs.5,550/100Kgs on slow trade activity.

Following are the rates (Rs/100Kgs) of imported pulses at Mumbai market today:

Variety Sub_Var1 Price Prev_Price
Black Matpe (Urad) FAQ 5100 5200/5250
Black Matpe (Urad) SQ 6200 6300
Chickpea (Chana) Australia (Mundra Port) 5750 5800
Chickpea (Chana) Australia:Oct/Nov 5100 5300
Chickpea (Chana) Australia 5700 5800/5825
Lentil (Masoor) Canda Crimson 3600/3750 3650/3800
Pea (Matar) Canada White(Mundra Port) 2261 2271
Pea (Matar) Canada White 2221 2231
Pea (Matar) Canada Green 2750/2850 2750/2850
Pea (Matar) Canada White Sep/Oct 2225 2225
Pigeon Pea (Tur) Lemon 3675 3750

(By Commoditiescontrol Bureau +91-22-40015523)

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