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Urad & Masoor slips in Delhi

14 Sep 2021 1:51 pm
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Mumbai, 14 Sep (Commoditiescontrol) – Urad and Masoor prices slipped at Naya bazaar pulses market of Delhi, on Tuesday amid slack mills trade at existing rates and also regular overseas supplies.

Burma Urad SQ varieties both old and new dropped each by Rs 75 to Rs 8,125/100Kg and Rs 8,175, respectively as sellers were active due to regular overseas supplies, slow offtake in Urad dal and increase in arrivals of new Kharif crop. Similarly, Urad FAQ new also fell by Rs 50 to Rs 7,100.

Moreover, Nafed is liquidating its old stock in Madhya Pradesh-Rajasthan.

The central government has extended the last date for import of tur and urad to 31 Jan 2022. Permission will be given for import of these pulses till December 31 2021. If the Bill of Lading is issued on or before December 31, 2021, department of customs will allow import of such consignments by January 31, 2022.

However, prices are likely to get support due to fear of new Kharif crop damage. There are reports quality is likely to be affected due to rains during harvesting. Moisture content is higher in new-crop arriving in the market. Millers-traders were interested to purchase good quality new crop.

Canada-Madhya Pradesh origin Masoor fell by Rs 50-100 at Rs 7,700/100Kg and Rs 7,950, respectively as millers refrained to purchase at prevailing rates and overseas supplies as government reduced the import duty on lentil. Resellers were also active in the market.

Moreover, India has allowed one time import of Masoor from Russia for a period of six months.

However, higher prices in international market on apprehension of lower crop output in Canada and USA, likely to support Masoor prices at lower rates.

United States Masoor was revised 22% upward from initial estimates to 711,000 acres, while the harvested area is expected to end up at 667,000 acres. This compares to 528,000 seeded acres last year, but remains below the recent five year average of 766,200. Despite the jump in plantings, production is expected to slide from 336,000 to 231,000 metric tons (MT).

Canada Masoor production estimates down 31% for the year 2021 and 25 percent below the five-year average.

Production of Australia Masoor is to increase by 0.79% to 6.39 lakh tonnes during the year 2021-22. Similarly, area planted to Masoor is higher by 6% to 390,000 hectares.

Chana for September delivery on National Commodity and Derivatives Exchange (NCDEX), trading 1.8 percent or Rs 90 higher at Rs 5,110/100kg. Earlier, in the day, the contract hovered in the range of Rs 5,020 and 5,112.

Following are rates (Rs/100Kgs) of various pulses (Imported & Desi) in Delhi today:



(By Commoditiescontrol Bureau; +91-22-40015513)


       
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