MUMBAI (Commodities control) – Imported Urad, Masoor and Tur slipped the most in pulses complex for the week ended 16th May due to slack trade activity and ample supply amid ongoing domestic arrivals. Meanwhile desi Moong, Masoor and Tur traded higher amid millers buying activity, despite ongoing arrivals. On the other hand, Chana prices traded almost range bound amid cautious mill buying and fresh arrivals.
Meanwhile, trade activity was affected due to cash crunch and limited market participation due to restricted market activity during COVID-19 .
Traders await Government's decision post 17th May wrt lock down, hoping for more relaxations.
As expected, profit margin in crushing raw pulses is reduced as prices of processed pulses slipped from higher rates due to sufficient availability at counters and slowdown in demand from consumers due sufficient quantities of stocks with them.
Week Highlights
# 3rd Advance Estimates: India's Pulses Production At 23.01 Million Tonnes In 2019-20.
# Food Grain Output Likely to Touch Record 296 Mn T for 2019-20: 3rd Advance Estimates.
# Monsoon expected to arrive in Kerala on 5th June - IMD. Normally the onset takes place on June 1st. Last year monsoon arrived in India via Kerala on June 8th. India is expected to receive normal rainfall this year.
# Reduce Interest Rate On Pulse Mills, Registered MSMEs To 6%: Pulse Mills Association Urge To Government.
# Agriculture community and traders in Rajasthan stand divided over the issue of Kisan Kalyan Fees. Traders are agitated over not being consulted before Rajasthan Khadya Padarth Vyapar Sangh decided to call off the state level strike.
# State Agri Dept Forecasts Kharif Acreage Over 22 Lk Hec In North Maharashtra.
# Lentil exports from Canada so far in the marketing year has risen 208,371 metric Tons (MT) to 15,37, 203 MT, according to the recent data from Statistics Canada.
# Green lentil exports for the current marketing year so far is reported to be 82,516 MT higher, at 326,688 MT from the same period last MY, according to the most recent data from Statistics Canada.
|
3rd Advance Estimates Pulses (In Million Tons)
|
|
Commodity
|
Season
|
2019-20 (3rd Est)
|
2019-20 (2nd Est)
|
2018-19
|
Target 2019-20
|
|
Tur
|
Kharif
|
3.75
|
3.69
|
3.32
|
4.6
|
|
Chana
|
Rabi
|
10.9
|
11.22
|
9.94
|
11.6
|
|
Masoor
|
Rabi
|
1.44
|
1.39
|
1.23
|
0
|
|
Urad
|
Kharif
|
1.72
|
1.72
|
2.36
|
2.9
|
|
Rabi
|
0.61
|
0.53
|
0.7
|
0.8
|
|
Urad Total
|
|
2.33
|
2.25
|
3.06
|
3.7
|
|
Moong
|
Kharif
|
1.78
|
1.77
|
1.78
|
1.6
|
|
Rabi
|
0.56
|
0.5
|
0.67
|
0.7
|
|
Moong Total
|
|
2.34
|
2.27
|
2.46
|
2.3
|
|
Other
|
Kharif
|
0.79
|
0.73
|
0.63
|
1
|
|
Rabi
|
1.45
|
1.47
|
1.45
|
3.1
|
|
Total
|
Kharif
|
8.05
|
7.92
|
8.09
|
10.1
|
|
Rabi
|
14.97
|
15.11
|
13.98
|
16.2
|
|
Total Pulses
|
|
23.01
|
23.02
|
22.08
|
26.3
|
Burma Lemon Tur:
Desi tur in domestic market gained by Rs 50/100Kg due to fresh mills buying activity at lower rates as some demand and sale counters in processed pulses were witnessed in Wholesale/retail counters.
Meanwhile arrivals continue to be below expectation in local markets due to labour shortage as most of the migrant labour has left for their hometowns.
On the other hand, Tur Lemon variety of Burma-origin was priced weak by Rs 75/100Kg in Mumbai amid slack demand from millers, despite firm trend in domestic market.
Negligible buying from mills in imported Tur is the major reason, as millers' prefer domestic variety due to better quality and lower transportation costs from nearby mandi, over imported lemon tur which is to be transported from ports, located at further away leading to higher transportation cost.
Moreover, ggovernment agency is actively selling old raw Tur in Maharashtra to mills for milling purpose, packaging and supply of processed Tur under PDS.
NAFED Procures Over 480436.79 MT (PSS)/ 125337.98 MT (PSF) Tur In Kharif-2019 Season So Far.
According to the third advance production estimate, tur production in 2019-20 is estimated at 3.75 million MT, which 18.48 percent lower than production target of 4.6 million MT. However, it is slightly higher than the 2018-19 estimate of 3.32 million MT.
In near term, Tur prices are likely to trade in the range of Rs 200-300/100Kg from current prices due to matching demand and supply. Further price direction will depend on monsoon forecast and next move by government on lock down.
|
Tur ( Prices In Rs /100Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Mumbai
|
Lemon
|
5025
|
5100
|
5100
|
5500
|
|
Akola
|
Desi
|
5525-5550
|
5475-5500
|
5550-5600
|
6100-6125
|
|
Gulbarga
|
Desi
|
Closed
|
5000
|
5200-5300
|
5800-6000
|
|
|
|
|
|
|
|
|
Tur Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Akola
|
Phatka
|
7800-7900
|
7700-7900
|
8350-8400
|
8400-8600
|
|
Gulbarga
|
Phatka
|
Closed
|
7500-7900
|
8100-8500
|
8400
|
|
Katni
|
Phatka
|
8100-8200
|
8000-8100
|
8200-8300
|
8500-8600
|
Burma Urad:
Burma Urad dropped by Rs 100-150/100Kg, at major markets, such Mumbai, Chennai and Delhi as sellers were active in the market amid sluggish offtake in processed Urad, and liquidity crunch.
Upcoming overseas supplies at Chennai port and summer crop arrivals in Gujarat/Madhya Pradesh are pressurising buyer sentiments.
Bumper summer crop is expected as compared to last year and pace of arrival is likely to rise within a fortnight. Quality is reported to be good and buyers from southern markets have been active in the market.
Moreover, DGFT extended the deadline for import of additional quota of 2.5 lakh tonnes Urad to May 31, 2020, against quota allocated for the year 2019-20.
Meanwhile, Supreme Court has pushed the date of hearing on pulses import restrictions till July 10, 2020. Jaipur High Court has ordered to shift all cases to Supreme Court, so hearing can be at one place.
As per traders, regular upcoming supply from overseas and matching demand will keep Urad prices range bound
|
Urad ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Mumbai FAQ
|
FAQ
|
6450
|
6600
|
6600
|
4850
|
|
Chennai
|
FAQ
|
6550-6575
|
NA
|
NA
|
4775
|
|
Chennai
|
SQ
|
7000
|
NA
|
NA
|
5900
|
|
Jalgaon
|
Desi
|
6700-7150
|
6700-7100
|
6600-7000
|
4800-5400
|
|
|
|
|
|
|
|
|
Urad Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Mumbai
|
|
9000/9500
|
9500-10000
|
9500-10000
|
6400-6600
|
Chana Kantewala (Indore):
Chana prices traded almost unchanged in domestic markets, amid limited mill buying to meet their immediate crushing requirements, ongoing arrivals.
Even demand for chana dal and besan was lukewarm at wholesale/retail counters due to availability of sufficient stock.
Moreover NAFED's stock liquidation at selected states, holding major stock and higher output estimates will keep a check on prices.
As on May 13, 2020, NAFED has successfully procured 424102.23 MT of Chana at Minimum Support Price of Rs 4,875.
As per market experts, Chana prices are unlikely to fall much in near future. Meanwhile, prices are trading in a narrow range at spot markets due to lockdown resulting in labour shortage and transportation concerns, despite relaxations assured by government. Trade activity is thin because of cash crunch and limited participation of traders and millers, as just 25-30% market participants are active in the market. Daily arrivals of new rabi crop are still below expectation. Ongoing procurement by government agency will support prices at lower rates. Even zero import quota of yellow peas for the current fiscal will aid price gains.
|
Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Mumbai
|
Australia
|
NA
|
NA
|
NA
|
4475-4500
|
|
|
Tanzania
|
NA
|
NA
|
NA
|
NA
|
|
|
Burma
|
NA
|
NA
|
NA
|
4450
|
|
Indore
|
Katewala
|
4100-4125
|
4100-4125
|
4200-4225
|
4575-4600
|
|
Delhi
|
Rajasthan origin
|
4200
|
4175-4200
|
4250-4275
|
4700
|
|
Akola
|
|
4025-4050
|
4050-4075
|
4150-4200
|
4650-4675
|
|
Bikaner
|
|
NA
|
NA
|
4200
|
4500
|
|
|
|
|
|
|
|
|
Chana Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Akola
|
|
5100-5400
|
5100-5400
|
5100-5400
|
5500-6000
|
|
Indore
|
|
5400-5600
|
5400-5600
|
5300-5500
|
NA
|
|
Jaipur
|
|
5050
|
5075
|
5100
|
5600
|
|
|
|
|
|
|
|
|
Chana Besan ( Prices In Rs / 50Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Mumbai
|
|
3130
|
3160
|
3160
|
NA
|
|
|
|
|
|
|
|
|
Kabuli Chana ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Indore
|
40-42
|
NA
|
NA
|
NA
|
6450
|
|
|
42-44
|
NA
|
NA
|
NA
|
6250
|
|
|
44-46
|
NA
|
NA
|
NA
|
6050
|
|
|
Dollar
|
NA
|
NA
|
NA
|
5200-5700
|
|
Mumbai
|
Sudan
|
NA
|
NA
|
NA
|
4500
|
|
|
Ethiopia
|
NA
|
NA
|
NA
|
4475
|
|
|
Russia
|
NA
|
NA
|
NA
|
4450
|
|
|
Burma
|
NA
|
NA
|
NA
|
4700
|
Imported Masoor (Mumbai):
Canada crimson variety and Australia origin Masoor slipped by Rs 100-200/100Kg at Mumbai and Kolkata, as millers refrained from purchasing at prevailing rates due to deteriorating crush margins, consistent supplies from overseas at Mumbai/Hazira port and liquidity crunch.
Moreover, demand and sale counter in processed Masoor reported thin activity at higher rates due to availability of sufficient stock at wholesale/retailer counters.
On the other hand, domestic Masoor traded higher by Rs 50-150/100Kg at domestic market of Madhya Pradesh, Uttar Pradesh and Chhattisgarh amid local and outstation mills buying and below expectation arrivals.
As on May 14, 2020, NAFED has successfully procured 74.07 MT of Masoor at Minimum Support Price of Rs 4,800.
As per market view, Masoor prices are likely to get support from limited stock of ready imported Masoor, higher import parity and below expectation arrivals of rabi masoor crop due to nationwide lock down and lesser acreage.
|
Masoor ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Mumbai
|
Canada
|
5600-5700
|
5700-5800
|
5600-5750
|
4050-4150
|
|
|
Australia
|
5800
|
5900
|
5800-5850
|
4250
|
|
Mundra
|
Canada
|
5475-5500
|
5575
|
5400
|
NA
|
|
Hajira
|
Canada
|
NA
|
NA
|
NA
|
NA
|
|
Kolkata
|
Canada
|
5500-5600
|
5800
|
5800
|
4250
|
|
|
Australia
|
5700
|
5950
|
6000
|
4350
|
|
Indore
|
Desi
|
5300-5350
|
5300
|
5500
|
4250-4275
|
|
Raipur
|
Desi
|
5500
|
5325-5350
|
5400
|
4325
|
|
Kanpur
|
Desi
|
5575
|
5500
|
5475
|
4550
|
|
|
|
|
|
|
|
|
Masoor Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Khopoli
|
|
7100
|
7200-7300
|
7200-7300
|
5050-5150
|
|
Katni
|
|
NA
|
NA
|
NA
|
4950-5000
|
Imported White Pea (Mumbai):
Prices of White Pea were quoted weak by Rs 50/100Kg at Kanpur market amid thin mill buying and ongoing arrivals. Moreover, major markets of Uttar Pradesh reopened after government relaxation in lockdown.
However, thin trading volume was witnessed as millers preferred to stay with desi Chana/Kabuli Chana due to cheaper prices and easy availability.
No quotes of imported White pea were available in Mumbai/Kolkata
from over a month due to lockdown and negligible stock.
|
White Pea ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Mumbai
|
Canada
|
NA
|
NA
|
NA
|
4850
|
|
Kolkata
|
Canada
|
NA
|
NA
|
NA
|
5150
|
|
Kanpur
|
|
4675-4775
|
4725-4825
|
4700-4800
|
5050-5150
|
|
|
|
|
|
|
|
|
White Pea besan ( Prices In Rs / 50Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Mumbai
|
|
3700
|
3700
|
3700
|
NA
|
|
|
|
|
|
|
|
|
White Pea Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Mumbai
|
|
7400
|
7400
|
7300
|
NA
|
Moong (Jaipur):
Moong prices traded higher by Rs 150/100Kg at Jaipur market of Rajasthan, as per quality on millers demand and less stock of kharif output with private traders/government agency.
Moreover negligible arrivals were reported as major mandis in Rajasthan continue to be shut over the issue of Kisan Kalyan Fees.
Arrivals of new Moong are witnessed in Madhya Pradesh, Cuttack and Gujarat. The Commodity is traded higher due to local and outstation millers’ buying support. Buyers from Gujarat, Delhi and Punjab were active in purchasing Moong from Madhya Pradesh markets.
Arrivals' pace of new summer crop is likely to pick up soon in various states. Sowing of summer crop in Madhya Pradesh/Gujarat is higher as compared to last year due to higher MSP prices, increased water availability following good monsoon last year and lower output of Kharif Moong.
Millers prefer to purchase new moong from various states for immediate requirement for crushing.
Arrivals of new summer crop is likely to be delayed in Bihar/Jharkhand due to recent rains in the producing regions.
However, stockiest are sidelined at current higher prices.
As on May 14, 2020, NAFED has successfully procured 65.43 MT of Moong at Minimum Support Price of Rs 7,050.
|
Moong ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Jaipur
|
|
9000-9300
|
9000-9150
|
8800-8900
|
5800-6300
|
|
|
|
|
|
|
|
|
Moong Dal ( Prices In Rs / 100Kg )
|
|
Market
|
Variety
|
16-May-20
|
09-May-20
|
02-May-20
|
16-May-19
|
|
Jaipur
|
|
10700-10800
|
10500-10600
|
10600-10700
|
7700-7800
|
|
Gulbarga
|
|
NA
|
11200
|
12000
|
8400
|
|
Akola
|
|
NA
|
NA
|
NA
|
7500-7800
|
(By Commoditiescontrol Bureau; +91 9820130172)
|
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