MUMBAI (Commoditiescontrol) – Major raw pulses such as Tur, Urad, Moong, Chana, Masoor, Kabuli Chickpea and White Pea moved higher week ended Saturday (July 1 -6) amid fresh trading activity at lower rates and also kharif sowing was lagging behind due to delayed monsoon and adequate rain. While, Green Pea priced almost unchanged on thin buying activity.
Week Highlights
# India Kharif Pulses Sowing Down 71.55 % As On July 5 At 7.94 Lakh Ha Vs 27.91 Last Year. Tur : 2.45 Vs 9.94, Urad : 1.86 Vs 6.91, Moong : 2.16 Vs 8.30, Other Pulses: 1.42 Vs 2.70.
# The DGFT has invited online applications from the intending millers/refiners for import of additional 2 lakh tonnes of Tur/Tur Dal during the fiscal year 2019-20.Applications will be received between July 7 to July 15.
# Government will not issue advance authorisations for import of pulses/peas of any kind falling under restricted/prohibited category, with immediate effect, the directorate general of foreign trade (DGFT) said.
# NCDEX To Launch Moong Futures From July 8.
# India's pulses imports were at 285,830 tonnes in 2018-19, up 59.15 percent from 2017-18. India had imported 179, 600 tonnes of pulses in 2017-18. While in 2016-17 pulses imports were at 136,720 tonnes.
# Cabinet Approves Hike In MSP For 2019-20 Kharif Crops. In pulses, tur MSP has been raised to Rs 5,800 per quintal from Rs 5,675, and that of urad to Rs 5,700 per quintal from Rs 5,600. Moong MSP has also been hiked by Rs 75 per quintal.
# India Extends Fumigation Exemption For Agri Imports Till December 31.
# Monsoon Deficiency In June Highest Since 2015: IMD Data.
# Tamil Nadu Civil Supplies Corporation issues Tender To Purchase 60000 MT Tur Dal/Masoor Dal. Last date for online submission upto 25.07.2019.
Burma Lemon Tur:
Tur Lemon variety of Burma origin gained by Rs 200 to Rs 5,450/100Kg in Mumbai on buying support from mills as monthly demand and sale counters in Tur dal were reported, following firm trend in other domestic markets due to less arrivals and Tur sowing was lagging behind due to delayed monsoon and adequate rain.
Similarly, domestic tur in bilty trade at Akola also traded higher by Rs 150 at Rs 5,925-5,950/100Kg.
However, trade volume in Tur dal was witnessed limited from wholesalers/retailers counters as they were purchasing as per immediate requirement due to cash crunch and close watch on government policy/Monsoon. No stockists are active in the market due to uncertainty over government policy.
Meanwhile, ready stock of Tur with government and private traders is sufficient to meet demand. Moreover, government had allocated quota to millers of 4 lakh tons to import till October and also government had MOU to import 1.75 Lakh tons from Mozambique.
Tur prices remained firm at Burma amid fresh buying from India and also as local currency ruled strong against US dollar. Around 20-25 containers of Tur Old (2017) was traded at $635 per metric ton on FOB basis for India.
State wise Kharif Tur Sowing Down 75.4 % As On July 3 Vs Last Yr (LAKH HA). Karnataka:0.20 Vs 1.93, Mahrashtra:0.27 Vs 3.87, Uttar Pradesh:0.50 Vs 0.61, Gujarat:0.17 Vs 0.29, Madhya Pradesh:0.15 Vs 1.21, Telangana:0.61 Vs 1.27. Total:2.45 Vs 9.94.
Latur origin new Phatka variety moved higher by Rs 50 at Rs 8,300-8,500/100Kg for spot. Gujarat origin Wasat new phatka variety up at Rs 8,700-9,000/100Kg, Khamgaon origin new Phatka variety at Rs 8,150-8,350/100Kg (spot), Jalna origin new phatka variety at Rs 8,400-8,700/100Kg (spot) and Solapur origin new phatka variety at Rs 8,200-8,400/100Kg (Spot).
Burma Urad:
Burma Urad FAQ variety moved higher by Rs 100 to Rs 4,550/100Kg at the Mumbai market due to fresh millers trade at lower rates and limited ready stock of imported Urad.
Sellers were active due to liquidity crunch and recovery in monsoon rains.
However, millers were active at lower rates for immediate crushing requirement due to limited imported ready stock and delay in overseas supply.
Buyers are cautious amid arrivals of summer crop and as Nafed is also active to liquidate old/new procured stock in selective states at lower rates as per quality.
Farmers in Maharashtra had missed sowing window of Urad/Moong due to late arrival of Monsoon. If sown later than usual, there is a possibility of rain at the time of harvest and subsequent crop loss.
On the other hand, rainfall in Madhya Pradesh/Uttar Pradesh and Rajasthan is favourable for Urad sowing.
Farmers in Maharashtra may prefer to opt for long-duration crops like tur, soyabean and cotton.
Meanwhile, DGFT is issuing licence to millers. Some millers have already received and rest are in process and will receive soon.
Moreover, demand for processed urad remained limited from consumption centers.
On other hand, In Chennai, Urad FAQ/SQ variety ruled weak by Rs 25-50 at Rs 4,450-4,475/100Kg and Rs 5,600-5,625, respectively in ready delivery as per condition.
Bikaner origin branded Urad dal ruled at Rs 5,900-6,100/100Kg for spot. Tiranga brand of Mumbai also traded at Rs 6,700/100Kg for Mumbai delivery, Parivar brand of Jalgaon at Rs 6,100/100Kg for spot.
Statewise Kharif Urad Sowing Down 73 % As On July 3 Vs Last Yr (LAKH HA). Maharashtra:0.04 Vs 0.85, Karnataka:0.13 Vs 0.61, Rajasthan:0.81 Vs 0.58, Madhya Pradesh:0.16 Vs 4, Uttar Pradesh:0.21 Vs 0.27, Gujarat:0.11 Vs 0.02, Telangana:0.10 Vs 0.09, Andhra Pradesh:0.01 Vs 0.07, Tamil Nadu:0.02 Vs 0.10, Uttrakhand:0.19 Vs 0.19. Total :1.86 Vs 6.91.
NAFED has successfully procured 17961.24 MT of Urad 1n Rabi-2019 Season at Minimum Support Price of Rs 5,600 as on July 4, 2019. Tamil Nadu:3379.07, Andhra Pradesh:12797.05, Telangana:961.8, Odisha:823.32.
Chana Kantewala (Indore):
New Chana traded up by Rs 150 at Rs 4,300/100Kg in Indore following firm cues from futures, consistent decline in domestic arrivals and millers buying for immediate crushing requirement as demand and sale counters in processed Chana/besan reported good.
Moreover, Nafed had rejected bids of Chana sale today in Madhya Pradesh/Rajasthan due to lower prices. However, sentiments are still under pressure as Nafed is liquidating old procured balance stock in selective states.
Prices of Chana are likely to get support ahead as government will not issue advance authorisations for import of pulses/peas of any kind falling under restricted/prohibited category, with immediate effect.
Earlier supply of Kabuli Chickpea at cheaper rates was pressurising prices of chana as it is used for crushing as a subsitiute of White Pea and Chana.
Australia origin Chana in ready business at Mumbai moved higher by Rs 50 at Rs 4,300/100kg amid improved trade activity and also due to very limited availability.
Similarly, Burma origin chana gained by Rs 75 at Rs 4,250/100Kg.
NAFED Procured 775257.29 MT Chana In Rabi-2019 Season as on June 29,2019.Telangana:34500, Rajasthan:120398.31,Maharashtra:22346.35, Madhya Pradesh:576745.58,Andhra Pradesh:3470.85, Gujarat:17068.4, Haryana:207.6, Uttar Pradesh:486.8, Karnataka:33.4.
Balance Stock of procured Chana during Rabi-18 season with Nafed is 1622497.60 MT as on 2 July, 2019.
Chana for July delivery on National Commodity and Derivatives Exchange (NCDEX), settled higher by 2.2 percent or Rs 93 at Rs 4,278/100kg. Earlier, in the day, the contract hovered in the range of 4,182 and 4,283 on Friday.
Chana stocks at NCDEX accredited warehouses stood at 100657 metric tonnes (Indore: 192, Bikaner 73,577, Jaipur 26,888) as on 4th July, similar from the previous session, the exchange data showed.
Australian chana dal traded steady to firm at Rs 5,200/100 Kg for spot on some trade activity at lower rates. Domestic chana dal of Pistol brand also ruled firm at Rs 5,450 for Spot, Angel brand at Rs 5,650 for Spot, Samrat brand at Rs 5,750 for Spot. Chana besan almost stayed steady at Rs 3,150/50Kg, Vatana besan at Rs 2,930/50 Kg and Vatana dal at Rs 5,300.
In Mumbai, Russia/Sudan/Ethiopia/Burma origin kabuli chana moved higher each by Rs 100-200 at Rs 4,200/100Kg, Rs 4,400, Rs 4,300 and Rs 4,400, respectively.
Kabuli chana of 40-42, 42-44 and 44-46 counts traded firm by Rs 100 at Rs 5,750/100Kg, Rs 5,550 and Rs 5,350, respectively at Indore market amid local buying activity at lower rates against ongoing arrivals.
In forward business, Russia Kabuli Chickpea offered at $415 and Burma FAQ V2 at $650 per ton in container on CNF basis JNPT for ready shipment.
Prices of Chana likely to depends on government policy. Chana prices will get support if Nafed will not sale old procured Chana at lower rates. Government had not yet release import quota of White Pea and also will not issue advance licence to import. Due to these imports of Kabuli chickpea may get halt from overseas.
Imported Masoor (Mumbai):
Canada crimson variety Masoor in vessel/container ruled firm by Rs 25/100Kg at Mumbai due to fresh millers buying support at lower rates. While, Australia origin Masoor remained unchanged.
Moreover, prices are likely to get support as government will not issue advance authorisations for import of pulses/peas of any kind falling under restricted/prohibited category, with immediate effect.
Ready stock of imported Masoor and regular supply from overseas will limit the gains.
Vessel M V Ocean Makmur carrying 36614 tonnes of Canada red Masoor arrived at Mundra port and discharging cargo.
Canada origin red Masoor in vessel/container new traded marginally higher at Rs 4,025/100Kg and Rs 4,125, respectively.
On other hand, Australia origin red Masoor priced flat at Rs 4,200/100Kg against limited stock.
Moreover, demand in processed masoor from consumption centres was reported thin. Canada Masoor dal Khopoli spot traded at Rs 4,950-5,000/100Kg.
In forward business, Canada crimson variety masoor new offered at $445 per ton in container on CNF basis JNPT for July-Aug shipment.
NAFED Procured 56226.52 MT Masoor In Rabi-2019 Season as on June 29,2019. Madhya Pradesh:56075.02, Uttar Pradesh:151.5.
Imported White Pea (Mumbai):
Canada and Ukraine origin White Pea gained by Rs 100-125/100Kg in Mumbai because of fresh buying support at lower rates and amid limited imported stock in Mumbai as the government has not yet released the quota for millers to import White Pea.
Moreover, prices gained further support as government will not issue advance authorisations for import of pulses/peas of any kind falling under restricted/prohibited category, with immediate effect.
Canada and Ukraine origin White Pea new traded higher each at Rs 4,850/100Kg and Rs 4,625-4,650, respectively.
Meanwhile, crushing in Chana/Kabuli Chana has increased due to cheaper prices and easy availability compared to White Pea may limit the gains.
Demand in matar dal/besan remained thin at prevailing rates.
In forward business, Canada origin White Pea offered at $325 per ton in container on CNF basis JNPT for July-Aug shipment.
Moong (Jaipur):
Moong prices rose sharply at Rs 5,800-6,200/100Kg as per quality at Jaipur market amid fresh millers trade activity, hike in MSP, sowing was lagging behind due to delayed monsoon and adequate rain and also NCDEX will launch moong futures.
Arrivals of summer crop new moong was less these week due to rainfall in Madhya Pradesh/Uttar Pradesh.
Moong dal prices also moved higher by Rs 200 at Rs 7,200/100Kg, depending on the variety.
Moreover, decreasing stock with Nafed will supported the prices. Major stock of Moong were witnessed in Rajasthan.
State wise Kharif Mung Sowing Down 74 % As On July 5 Vs Last Yr (LAKH HA). Karnataka:0.50 Vs 2.41, Maharashtra:0.06 Vs 0.89, Rajasthan:1.07 Vs 3.93, Madhya Pradesh:0.10 Vs 0.48, Uttar Pradesh:0.04 Vs 0.05, Gujarat:0.07 Vs 0, Tamil Nadu:0.05 Vs 0.05, Andhra Pradesh:0.01 Vs 0.05, Telangana:0.22 Vs 0.31. Total:2.16 Vs 8.30.
NAFED has successfully procured 21376.76 MT of Moong in Rabi 2019 season at Minimum Support Price of Rs 6,975 as on July 4, 2019.Tamil Nadu: 5383.89, Andhra Pradesh:12429.05, Gujarat:2066.15, Odisha:1497.67.
Canada Green Pea (Mumbai):
Canada origin Green pea priced flat at Rs 6,600/100Kg at Mumbai amid limited trade activity, overseas supply and on availability of sufficient stock in cold storage and godowns.
(By Commoditiescontrol Bureau; +91-22-40015513)
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