MUMBAI (Commoditiescontrol) – Urad, White Pea and Green Pea slipped during the week ended Saturday ( Dec 30,2019 - Jan 04,2020) due to sluggish trade activity at prevailing rates. While, Masoor, Chana and Kabuli Chana moved higher on millers/traders buying support. On other hand, Tur and Moong prices almost unchanged on limited activity.
Week Highlights
# Deadline To End Fumigation Of Imported Crops Extended Till June 2020.
# Govt To Review Existing Free Trade Agreements, Says Piyush Goyal.
Burma Lemon Tur:
Tur Lemon variety of Burma-origin ruled steady at Rs 5,050/100Kg in Mumbai amid limited millers trade activity as dullness was observed at demand and sale counters in Tur dal and ongoing new domestic arrivals.
Similarly, domestic Tur in bilty trade at Akola also traded almost flat at Rs 5,400-5,425/100Kg.
However, millers preferred imported Tur/old domestic Tur over new one, due to high moisture content, to meet their crushing requirements.
Untimely rains and hailstorm in last couple of days are likely to delay the arrivals of kharif Tur in Vidarbha (Maharashtra), Karnataka and Madhya Pradesh. Quality and yield are likely to be affected, as well. The extent of damage to tur crop might increase because of fungal infection.
As per Gulbarga based trader, stock of old Tur was still reported with local millers/traders and they were not interested to purchase new Tur due to higher moisture around 16-17 percent. They will active in purchasing new Tur for stock by replacing old stock at premium prices after arrivals of new Tur get less moisture content.
Millers have restarted crushing operations of new Tur. This is likely to be delivered in the market from 1st week of January.
Latur origin old Phatka variety traded unchanged at Rs 7,900-8,100/100Kg for spot. Gujarat origin Wasat old phatka variety at Rs 8,300-8,500/100Kg, Khamgaon origin old Phatka variety at Rs 7,700-7,900/100Kg (spot), Jalna origin old phatka variety at Rs 8,300-8,500/100Kg (spot) and Solapur origin old phatka variety at Rs 7,900-8,100/100Kg (Spot).
As per trade sources, Tur prices likely to get support once arrivals of new Tur gather the pace with less moisture content quality in domestic market. Government will also procure as prices of Tur are trading below MSP.
Burma Urad:
Burma Urad FAQ new/old variety fell by Rs 150-175 each to Rs 7,100/100Kg and Rs 6,950, respectively at the Mumbai market as Millers refrained from buying at prevailing rates amid liquidity crunch, ongoing domestic arrivals and slower offtake in processed Urad.
Similarly, In Chennai, Urad FAQ/SQ also declined by Rs 150-200 to Rs 7,200-7,250/100Kg and Rs 7,850-7,900, respectively in ready delivery as per condition.
Buyers have been cautious after the government raised import quota of urad to 4 lakh tonnes, from 1.5 lakh tonnes, for the fiscal year 2019-20.
Although, Customs is yet to issue clearance to containers of urad which was imported against the stay order.
This matter is already in Jaipur High court,the hearing for which will take place on 17th January,2020.
At Burma, Last trade in Urad FAQ (2019) was traded at $815 per metric ton on FOB basis for India and SQ variety at $900 per metric ton on FOB basis. But, buyers from India were sidelined and not interested at higher rates. Around 50000 tonnes of Urad had been traded against import quota. Ongoing arrivals of new Urad reported in local market.
Bikaner origin branded Urad dal traded at Rs 9,500-9,800/100Kg for spot. Tiranga brand of Mumbai priced at Rs 10300/100Kg for Mumbai delivery, Parivar brand of Jalgaon at Rs 9,500/100Kg for spot.
Chana Kantewala (Indore):
Chana prices traded almost steady at Rs 4,425-4,450/100Kg in Indore amid cautious buying from local millers at prevailing rates.
Sentiments are still under pressure due to improvement in Rabi Chana sowing and Government holding major stocks.
Lukewarm demand for chana dal and besan was reported at wholesale/retail counters.
On other hand, Australia origin Chana in ready business, at Mumbai, moved higher by Rs 50 at Rs 4,350/100kg as no sellers are active at prevailing rates.
Imported Chana is inching up taking cues from higher prices of domestic Chana/White Pea.
Market expects sellers to be on the sidelines keeping an eye on the current weather conditions. Some farmers and traders also reported damage to the early sown chana crop in areas that received spells of rain and hail.
Tanzania and Burma origin Chana went up by Rs 50 each at Rs 4,400/100Kg and Rs 4,150/100Kg, respectively.
Millers are giving preference to Tanzania's Chana, for crushing purposes, over Australia/Burma Chana.
Chana for January delivery on National Commodity and Derivatives Exchange (NCDEX), settled weak by 0.7 percent or Rs 31 at Rs 4,503/100kg. Earlier, in the day, the contract hovered in the range of 4,490 and 4,563 on Friday.
Open interest for NCDEX January contract decreased to 25370 lots against 28280 lots.
On other hand, open interest for March contract increased to 14880 lots against 14190 lots.
Open interest of top 10 trading clients in the long side was 19850 MT whereas the short position of top ten clients was 23500 MT. The net position of top 10 clients was net short by 3650 MT.
Chana stocks at NCDEX accredited warehouses stood at 4337 metric tonnes (Bikaner 3,636, Jaipur 701) as on 2nd January, the exchange data showed.
Australian chana dal priced at Rs 5,250/100 Kg for spot. Domestic chana dal of Pistol brand also flat at Rs 5,450 for Spot, Angel brand at Rs 5,650 for Spot, Samrat brand at Rs 5,650 for Spot. While, Chana besan traded unchanged at Rs 3,160/50Kg.
In Mumbai, Russia/Sudan/Ethiopia/Burma origin kabuli chana traded higher each by Rs 50 at Rs 4,300/100Kg, Rs 4,400, Rs 4,350 and Rs 4,300, respectively as no sellers were active in the market following firm trend in Chana and also higher prices of White Pea.
Good buying from besan flour millers was witnessed.
Meanwhile, consumption demand has shifted to chana/kabuli chana from white pea due to cheaper rates and easy availability of Chana/Kabuli Chana.
Kabuli chana of 40-42, 42-44 and 44-46 counts gained by Rs 100 each at Rs 6,850/100Kg, Rs 6,650 and Rs 6,500, respectively at Indore market amid local buying activity.
Dollar variety Kabuli Chana also moved up sharply at Rs 5,800-6,500/100Kg at Indore on local trade activity.
In forward business, Russia Kabuli Chickpea offered at $450 per ton in container on CNF basis JNPT for January-February shipment.
As per market sources, Chana prices are likely to get support in coming days as the Government imposed the CIF value of Rs 200 per kg as Minimum Import Price for peas. But gains may be cap due to recovery in rabi Chana sowing. Traders will keep close watch on weather condition during January-February month and also on Nafed policy on liquidation old procured stock.
Imported Masoor (Mumbai):
Canada crimson variety Masoor along with Australia Masoor moved northward by Rs 200-250/100Kg at Mumbai pulses market.
Better demand from millers, limited stock of ready imported Masoor in strong hands, higher import parity and a lag in sowing of rabi masoor, continues to take prices northward.
Consumption of Masoor has shot up due to cheaper prices.
Even the demand for processed masoor, from wholesaler/retailer counters, was reported to be good.
Canada origin red Masoor in container traded higher by Rs 250 at Rs 5,150/100Kg.
Similarly, Australia origin red Masoor also up by Rs 200 to Rs 5,200/100Kg.
Canada crimson variety Masoor also gained by Rs 200-225 each at Rs 5,000/100Kg and Rs 4,950 at Mundra and Hajira port, respectively.
Canada Masoor dal Khopoli spot traded higher at Rs 5,900/100Kg.
As per market sources, profit taking will most likely be witnessed in near future as Masoor prices moved sharply higher from low levels.
In forward business, Canada crimson variety masoor new offered at $545 per ton in container on CNF basis JNPT for Jan/Feb shipment.
Imported White Pea (Mumbai):
Canada-origin White Pea at Mundra port, along with Ukraine origin White Pea in Mumbai slipped by Rs 400-500/100Kg, amid sluggish buying, progress in sowing despite tightness in ready stock.
Moreover, trade volume in White pea from consumption centers had shifted to Chana/Kabuli Chana due to cheaper prices and easy availability.
Price of White Pea has gained sharply after, Government imposed the CIF value of Rs 200 per kg as Minimum Import Price for peas.
White Pea containers continue to be stuck at various ports due to non-issuance of Customs' clearance.
Canada White Pea at Mundra port slipped by Rs 500 to Rs 5,450-5,500/100Kg.
Similary, Ukraine White Pea in Mumbai declined by Rs 400 to touch Rs 5,625/100Kg.
Even prices of White Pea besan also traded weak following downtrend in raw White pea. Vatana besan traded lower at Rs 4,000/50 Kg. Vatana dal also declined at Rs 6,550.
Moong (Jaipur):
Moong prices traded unchanged at Rs 7,400-7,700/100Kg as per quality at Jaipur market amid limited local and outside traders/millers buying activity at higher rates.
Millers' buying interest was seen in good quality moong, just enough to meet immediate crushing requirements.
Similarly, Moong dal also traded flat at Rs 8,800-8,900/100Kg depending on the variety.
However, Demand and sale counters in processed Moong reported slow activity.
At Naya bazaar market of Delhi, Rajasthan new kharif Moong traded at Rs 7,400-7,600/100Kg.
As per market view, prices of Moong likely to get further support because of diminishing arrivals of Kharif moong and lower crop output.
Canada Green Pea (Mumbai):
Canada origin Green pea also declined sharply at Rs 10500/100Kg at Mumbai due dull buying at higher rates, despite Customs Department refusing to issue clearance to the containers stuck at Mumbai ports.
Prices gained sharply after Government imposed the CIF value of Rs 200 per kg as Minimum Import Price for peas.
.jpg)
(By Commoditiescontrol Bureau; +91-22-40015513)
0 Comments 
Post Comment 
