MUMBAI (Commoditiescontrol) – Tur, Chana, Masoor, White Pea and Moong traded firm week ended Saturday (July 15-20) amid some millers trading activity at lower rates as sale counters in processed pulses was witnessed. While, Urad, Kabuli Chana and Green Pea priced almost unchanged on thin buying activity.
However, arrivals of monsoon in some parts of Maharashtra/Karnataka from last couple of days and recovery in planting for Kharif Pulses compared to last week as on July 19 will pressurised the sentiments. Still bulk buyers/Stockiest were sidelined due to cash crunch and government policy/intervention.
Week Highlights
# India Kharif Pulses Sowing Down 15.93 % As On July 19 At 62.19 Lakh Ha Vs 73.98 Last Year. Tur : 22.87 Vs 26.44, Urad : 17.94 Vs 20.65, Moong : 16.23 Vs 20.35.
Other Pulses: 5.02 Vs 6.20.
# India received 20 percent less rainfall than the 50-year average in the week Ended July 17; Overall Deficiency Widens To 16%.
# Canada's Pea Production May Rise 20% To 4.3 Million Tonnes In 2019-20.
Burma Lemon Tur:
Tur Lemon variety of Burma origin ruled firm by Rs 50 to Rs 5,350/100Kg in Mumbai amid fresh millers trade activity at lower rates due to deficit monsoon rain early day in week. Good buying was also reported in domestic markets due to availability of superior quality as farmers who need money for kharif sowing are active to liquidate their produce in the market.
But, rain in some centers of Maharashtra and Karnataka from last couple of days have dampened the sentiments from higher rates as it is considered beneficial for Tur standing crop.
Similarly, domestic tur in bilty trade at Akola also traded firm by Rs 25 at Rs 5,950-5,975/100Kg.
However, demand and sale counters in processed Tur were still limited from wholesale/retail counter as they were purchasing as per requirement due to cash crunch and sowing progress.
Small millers/traders were active to liquidate at every rise due to uncertainty over government policy while keeping a close watch on Monsoon forecast and its progress.
Statewise Kharif Tur Sowing Down 13.5 % As On July 17 Vs Last Yr (LAKH HA). Karnataka:6.26 V/s 6.98, Maharashtra:6.9 V/s 8.13,Uttar Pradesh:1.8 Vs 1.38, Gujarat:1.21 V/s 1.5, Madhya Pradesh:2.56 V/s 3.51,Telangana:1.87 V/s 2.19, Andhra Pradesh:0.17 V/s 0.37,Chhattisgarh:0.28 V/s 0.46,Total:22.87 V/s 26.44.
Latur origin new Phatka variety traded higher by Rs 100 at Rs 8,500-8,700/100Kg for spot. Gujarat origin Wasat new phatka variety at Rs 8,900-9,200/100Kg, Khamgaon origin new Phatka variety at Rs 8,350-8,550/100Kg (spot), Jalna origin new phatka variety at Rs 8,600-8,900/100Kg (spot) and Solapur origin new phatka variety at Rs 8,400-8,600/100Kg (Spot).
Prices of Tur may fluctuate as per monsoon/sowing progress and also on imports from overseas.
Burma Urad:
Burma Urad FAQ variety traded almost flat to Rs 4,450/100Kg at the Mumbai market because of millers trade activity only to meet their immediate crushing requirement and limited ready stock of imported Urad.
However, buyers were not interested to purchase at higher rates due to cash crunch and slow demand in processed Urad. Buyers are cautious amid arrivals of summer crop and also as Nafed is active to liquidate old/new procured stock in selective states at lower rates as per quality.
On other hand, In Chennai, Urad FAQ variety traded higher by Rs 150 at Rs 4,450/100Kg in ready delivery as per condition. While, SQ variety ruled flat at Rs 5,500/100Kg.
Bikaner origin branded Urad dal ruled at Rs 5,900-6,100/100Kg for spot. Tiranga brand of Mumbai also traded at Rs 6,600/100Kg for Mumbai delivery, Parivar brand of Jalgaon at Rs 6,000/100Kg for spot.
Statewise Kharif Urad Sowing Down 13.12 % As On July 17 Vs Last Yr (LAKH HA). Maharashtra:1.6 V/s 2, Karnataka:0.44 V/s 0.81, Rajasthan:4.33 V/s 2.91, Madhya Pradesh:6.89 V/s 9.53, Uttar Pradesh: 2.79 V/s 3.12, Gujarat:0.47 V/s 0.45,Telangana: 0.17 V/s 0.21, Andhra Pradesh:0.03 V/s 0.09, Tamil Nadu: 0.03 V/s 0.11, Uttrakhand: 0.22 V/s 0.24.Total: 17.94 V/s 20.65.
Fears of lower output due to decline in kharif sowing area may get some support in prices at lower rates. But not much gain likely due to sufficient availibility stock in domestic markets coupled with carry over stocks in Burma.
Chana Kantewala (Indore):
New Chana traded firm by Rs 25 at Rs 4,200-4,225/100Kg in Indore on millers buying activity and less domestic arrivals.
However, trade activity was also slow in Chana dal/besan as per immediate requirement due to cash crunch.
On other hand, Australia origin Chana in ready business at Mumbai remained unchanged at Rs 4,250/100kg amid thin activity, average quality supply and also due to very limited availability of stock.
Burma origin chana also ruled flat at Rs 4,200/100Kg.
Chana for August delivery on National Commodity and Derivatives Exchange (NCDEX), settled weak by 0.5 percent or Rs 21 at Rs 4,332/100kg. Earlier, in the day, the contract hovered in the range of 4,310 and 4,375 on Friday.
Chana stocks at NCDEX accredited warehouses stood at 101009 metric tonnes (Indore: 192, Bikaner 73,909, Jaipur 26,908) as on 18th July, up from 100999 metric tonnes in the previous session, the exchange data showed.
Australian chana dal traded firm by Rs 50 at Rs 5,350/100 Kg for spot on some buying activity at lower rates. Domestic chana dal of Pistol brand also ruled firm at Rs 5,550 for Spot, Angel brand at Rs 5,750 for Spot, Samrat brand at Rs 5,850 for Spot. Chana besan at Rs 3,150/50Kg, Vatana besan at Rs 2,970/50 Kg and Vatana dal at Rs 5,400.
In Mumbai, Russia/Sudan/Ethiopia/Burma origin kabuli chana traded almost steady each at Rs 4,150/100Kg, Rs 4,325, Rs 4,250 and Rs 4,350, respectively.
Kabuli chana of 40-42, 42-44 and 44-46 counts traded firm by Rs 100 at Rs 5,800/100Kg, Rs 5,600 and Rs 5,400, respectively at Indore market amid fresh local buying at lower rates.
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.
As per market talk, buying in Chana prices are likely to increase ahead with rise in consumption demand in the festive season from August till Diwali.
Chana prices will also get support if Nafed won't sale old procured Chana at lower rates. Lower bids have also been rejected by Nafed recently.
Imported Masoor (Mumbai):
Canada crimson variety Masoor in vessel/container along with Australia origin ruled firm by Rs 25-50/100Kg at Mumbai pulses market due to fresh millers buying support at lower rates.
Canada origin red Masoor in vessel/container new priced higher by Rs 25-50 at Rs 4,000/100Kg and Rs 4,100, respectively.
Similarly, Australia origin red Masoor also gained by Rs 50 to 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 5,000-5,050/100Kg.
In forward business, Canada crimson variety masoor new offered at $460 per ton in container on CNF basis JNPT for July-Aug shipment.
Ready stock of imported Masoor and regular supply from overseas will limit the gains.
Imported White Pea (Mumbai):
Canada and Ukraine origin White Pea moved higher 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 and also will not issue advance licences for import.
Canada White Pea gained by Rs 50 at Rs 4,850/100Kg. Ukraine origin White Pea rose by Rs 150 to Rs 4,725-4,750.
But gains may be capped as crushing in Chana/Kabuli Chana has increased due to cheaper prices and easy availability compared to White Pea.
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 gained by Rs 100 at Rs 6,000-6,300/100Kg as per quality at Jaipur market amid millers trade activity and following overall firm trend on futures these weak.
Moong dal prices also priced firm by Rs 100 at Rs 7,400-7,500/100Kg, depending on the variety.
However, demand and sale counter in processed moong was witnessed limited at higher rates.
Buyers from Delhi, Maharashtra and Gujarat prefers to purchase new Summer crop Moong from Madhya Pradesh instead of buying old Moong from Rajasthan.
In Delhi, Madhya Pradesh origin summer crop Moong traded at Rs 5,850/100Kg as per quality. Kanpur origin at Rs 5,950, Allahabad/Rachi origin at Rs 6,350/100Kg.
Moong for August delivery on National Commodity and Derivatives Exchange (NCDEX), was ended lower by 1.8 percent or Rs 113 at Rs 6,280/100kg. Earlier, in the day, the contract hovered in the range of 6,265 and 6,437 on Friday.
Moreover, lower output, decreasing stock with Nafed will supported the prices. Major stock of Moong were witnessed in Rajasthan.
Statewise Kharif Mung Sowing Down 20.25 % As On July 17 Vs Last Yr (LAKH HA). Karnataka:1.82 V/s 3.79, Maharashtra:1.98 V/s 2.4, Rajasthan:9.75 V/s 10.87, Madhya Pradesh:0.87 V/s 1.32, Uttar Pradesh:0.39 V/s 0.28, Gujarat:0.22 V/s 0.13, Tamil Nadu :0.06 V/s 0.11, Andhra Pradesh:0.01 V/s 0.07, Odisha:0.49 V/s 0.5, Telangana:0.41 V/s 0.6, Total:16.23 V/s 20.35.
NAFED has successfully procured 25220.55 MT of Moong in Rabi 2019 season at Minimum Support Price of Rs 6,975 as on July 17, 2019.Tamil Nadu: 5383.89, Andhra Pradesh:12429.05, Gujarat:2066.15, Odisha:5341.46.
Canada Green Pea (Mumbai):
Canada origin Green pea priced flat at Rs 6,600/100Kg at Mumbai amid limited trade activity, regular overseas supply and on availability of sufficient stock in cold storage and godowns.
(By Commoditiescontrol Bureau; +91-22-40015513)
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