MUMBAI (Commoditiescontrol) – White Pea, Green Pea along with Tur and Masoor gained for the week ended Saturday (May 21-26) amid millers buying support at lower rates. While, all other raw pulses, such as Urad, Chana and Moong remained unchanged on slow trade activity.
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Week Highlights
# India Kharif Pulses Sowing Down 46.95 % As On May 25 At 0.61 Lakh Ha Vs 1.15 Last Year. Tur : 0.05 Vs 0.07, Urad : 0.14 Vs 0.33, Mung : 0.16 Vs 0.26, Other Pulses: 0.26 Vs 0.48.
# Govt Considers Distributing Pulses From Buffer Stock At Ration Shops.
#IMD: Conditions Becoming Favourable For Advance Of Southwest Monsoon Into South Andaman Sea & Neighbourhood During Next 2 3 Days.
 Burma Lemon Tur:
Tur Lemon variety of Burma origin remained firm by Rs 25 at Rs 3,825/100kg amid slow arrivals and millers buying support at lower rates to meet their immediate requirement for crushing. However, sale counters in processed tur were reported thin due to ongoing mango season and month of Ramzan.
Similarly, domestic new tur in bilty trade at Akola quoted firm by Rs 50 at Rs 4,200-4,225/100Kg.
In Kanpur, Maharashtra origin (Hinghanghat/Nagpur), tur dal new Phatka Sortex quality ruled firm by Rs 25 at Rs 5,775-5,800, new semi-Sortex at Rs 5,675, new regular variety at Rs 5,575, respectively on fresh trade activities at lower rates from wholesalers and retailers.
Latur origin new Phatka variety priced flat at Rs 5,700-5,900/100kg in thin trade. Jalna origin new phatka variety also remained steady at Rs 5,900-6,100/100Kg. Gujarat origin Wasat Phatka variety new also priced unchanged at Rs 6,100-6,400/100Kg.
According to market sources, prices of tur are likely to get support at lower prices as sellers are refraining themselves from liquidating at lower rates due to dried up arrivals at major producing centers. This year too, stockists were out of the market due to tight liquidity and inconsistency in government policies.
Millers and traders were active in purchasing tur as per requirements. The major chunk of tur stock, procured in both last/current year is currently lying with government agencies. Prices were still trading below MSP. Prices may get support if government hold the stock and does not sale at lower rates in the market.
However, at present, sale counters in processed tur are weak due to ongoing mango season and Ramzan and government clerance for limited imports. But, sentiments are likely to be changed with the onset of monsoon. Prices may get support from 1st week of June.
 Burma Urad:
In Mumbai, Burma urad FAQ variety remained unchanged at Rs 3,500/100Kg due to lacklustre demand from dal mills against ample stocks position and new rabi crop arrivals.
More supply from overseas as government allowed millers to import urad, will surely going to weigh on prices further.
Liquidation of procured stock by government agencies such as Nafed/FCI at lower prices has also exerted pressure.
Moreover, demand for processed urad from consumption centres remained slack at prevailing rates.
Bikaner origin branded Urad dal offered weak at Rs 4,400-4,650/100Kg. Tiranga brand of Mumbai at Rs 5,300/100Kg.Parivar brand of Jalgaon at Rs 5,000/100Kg.
On other hand, at Chennai, Urad SQ variety fell by Rs 50 at Rs 4,600/100Kg due to negligible trade and sellers were active in the market. While, Urad FAQ variety remained flat at Rs 4,050.
NAFED Procures (Rabi 2018) 18935.984 MT Urad As On 22 May At MSP Prices Of Rs 5400. Telangana:2000 (Target completed on 14.05.2018), Andhra Pradesh:16232.50, Tamil Nadu:471.33, Bhubaneshwar:232.156.
 Chana Kantewala (Indore):
At Indore market, Chana prices traded steady to firm at Rs 3,725-3,750/100Kg amid millers’ trade activity at low rates. However, sales counters in Chana dal and besan were reported dull.
On the other hand, Australia origin Chana at Mumbai and Mundra ports priced almost flat each at Rs 3,450/100Kg and Rs 3,550-3,575 respectively.
Chana stocks at NCDEX accredited warehouses stood at 29,412 metric tonnes as on 24th May, up from 28,582 metric tonnes in the previous session, the exchange data showed. Akola:26415, Bikaner 1851, Jaipur 1146.
Technically, for NCDEX Chana June Contract, Cover short position at 3618 or below as the opportunity arises. Expect higher range of 3630-3654 to be tested. Weakness is below 3568.
NAFED Procures (Rabi 2018) 1459283.024 MT Chana As On 21 May At MSP Prices Of Rs 4400. Maharashtra:88707.206, Rajasthan:267042.822, Madhya Pradesh:909991.719, Andhra Pradesh:77662.450, Gujarat:26994.219, Uttar Pradesh:884.900, Karnataka:127301.264 (Target completed on 22.04.2018), Telangana:50000.050 (Target completed on 10.04.2018).
Australian chana dal priced flat at Rs 4,200/100 Kg amid thin trade activity. Domestic chana dal of Pistol brand also ruled unchanged at Rs 4,300, Samrat brand at Rs 4,850 and Angel brand at Rs 4,600. Similarly, Chana besan also priced steady at Rs 2,771/50Kg. Vatana besan traded unchanged at Rs 2,100/50 Kg and Vatana dal at Rs 3,825.
Kabuli Chana of 42-44 and 44-46 counts ruled flat each to Rs 5,800/100Kgs and Rs 5,600 respectively at Indore in the absence of any encouraging buying and selling activity. Demand in Kabuli chana is very limited with most bulk buyers are sidelined due to slow enquiries from consumption centers. Further business activity was also weighed by poor export enquiries. Kabuli chana 42-44 count FOB Nhava-Sheva port priced at $915 per tonne, while 44-46 count was available at $885 per tonne.
Kabuli Chana dollar variety traded unchanged at Rs.4,000-5,200/100Kgs at Indore on limited trade and regular arrivals.
Farmers are mostly selling their chana to Nafed as it is buying at MSP of Rs 4,400/100kg while prevailing rates in the spot market are much lower than MSP. Also, farmers are avoiding selling their produce to private traders as they are procuring at very low rates. Although prices in the recent days were mostly bearish, but downside may be limited from here on.
The festival season in the country will start from August and will last till Diwali, which will support chana prices. Further the other major factors that will support chana is poor supply of matar. India government has put matar in restricted category with April-June import limit at only 1 lakh tonne.
Since the available matar stocks are exhuasting, buyers may shift to chana, which is a close substitute for matar. Further chana dal from India is said to be exported at $670-680 per tonne FOB Nhava Sheva Port which is also positive for chana.
 Imported Masoor (Mumbai):
Canada origin masoor in vessel moved up in Mumbai amid millers' buying support, no supply from overseas and slower than expected arrivals of new domestic crop.
Also, sellers were not interested to liquidate the commodity at existing prices amid depleting stock of imported masoor.
Old Canada masoor of vessel traded higher by Rs 50 at Rs 3,600-3,700 as per quality. While, Canada crimson variety masoor in container priced unchanged at Rs 3,750-3,850/100Kg.
Similarly, Australia Masoor nugget variety also remained flat at Rs 3,950-4,000/100Kg as per quality against limited stock.
However, demand in processed Masoor was reported thin from consumption centers. Canada Masoor Khopoli spot priced at Rs 4,300/100Kg.
In forward business, Canada crimson variety masoor offered at $425 per ton in container on CNF basis Nhava- Sheva for June-July shipment. Australia nugget variety masoor offered at $450 per ton in container on CNF basis Nhava- Sheva for June-July shipment.
NAFED Procures (Rabi 2018) 118352.79 MT Masoor As On 22 May At MSP Prices Of Rs 4250. Madhya Pradesh:117627.09, Uttar Pradesh:725.70.
 Imported White Pea (Mumbai):
Canada origin white pea at Mumbai, Hajira and Mundra ports along with Russia White pea at Mumbai port extended gains as per quality as there is higher possibility of matar import shipment to be rejected.
Canada White Pea offered at Rs 3,400-3,475/100Kg at Mumbai, Rs 3,225-3,311 at Mundra and Rs 3,211-3,425 at Hajira port. Russia origin Baltic variety also moved up at Rs 3,300-3,351.
Further demand is good due to reducing stock and no supply pressure from overseas in the wake of quantitative restriction imposed by the Indian government.
Although there are few vessels are on the way for India from Ukraine for Kolkata and Mumbai port, but there is higher possibility that port authorities may reject them as according to new notification released by DGFT that import shipment backed by 100% advance payment will only be allowed.
According to trade sources, importers usually make 5-10% of advance payment and rest is made after arrivals of shipments.
Rejection in import shipment will create shortage of matar as domestic demand is heavily rely on import due to lower production in the country and may help matar price to trade better in the domestic market or some demand expected to shift in chana due to less difference in the prices.
Indian government had amended matar import from free to restricted category and had put import restriction limit of 1 lakh tonnes (April 1 to June 30).
The total import of matar so far estimated around 40,000 metric tonnes, which means that India can import only 60,000 metric tonnes of matar until June 30 as per the new policy issued by Director General of Foreign Trade (DGFT).
Canada Green Pea:
Canada origin Green pea moved up sharply at Mumbai amid shortage of ready stock and no supply pressure from overseas.
Moreover, prices gained sharply after DGFT in a notification made clear that import of Yellow Peas not just restricted, but also Green Peas, Dun Peas, & Kaspa Pea also fall in restricted category as they all includes under HS Code 07131000.
Canada green pea priced higher at Rs 6,000-6,200/100Kg and Rambha variety at Rs 8,500/100Kg.
 Moong (Jaipur):
Moong prices quoted steady at Rs 5,100/100Kg as per quality in Jaipur market during the week on limited millers' buying at prevailing rates.
Similarly, Moong dal prices also ruled stable at Rs 6,100/100Kg as per quality.
According to market sources, prices of moong are likely to trade range bound due to adequate stock position and fresh supplies of summer crop in Madhya Pradesh, Uttar Pradesh and Gujarat.
Meanwhile, government agencies are also active to sale their procured stock in Rajasthan, Madhya Pradesh, Andhra Pradesh, Karnataka and Maharashtra.
(By Commoditiescontrol Bureau; +91-22-40015513)
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