MUMBAI (Commodities control) – Major pulses, such as Tur, Urad, Masoor, Chana, Moong and White Pea declined for the week ended 23rd May due to sufficient availability at counters because of crop arrivals and also limited mills buying as per requirement.
Meanwhile, slowdown in demand from consumers in processed pulses due sufficient quantities of stocks with them had also dampened the sentiments.
Week Highlights
#Govt reduces the deadline for Urad Import Annual Quota Of 4 lakh MT by 6 months to 31st August, 2020.
# Supreme Court has once again handed over the case of pulses import to Jaipur High Court. This is nearly year old case now. SC has ordered the hearing of the case to be conducted at Jaipur High Court, along with the decision to be announced within a month’s time. According to the trader sources, the hearing will commence in Jaipur HC from 26th May. # About 12.82 lakh ha sowing area coverage of summer crops under pulses as compared to 9.67 lakh ha. during the corresponding period of last year. # The Commission for Agricultural Costs and Prices (CACP) has recommended higher support prices for 17 summer-sown, or kharif, crops. The cabinet will consider the proposed new rates. # Canadian Lentil Prices To Rise Sharply On Firm Demand, Chickpeas Prices To Be Subdued On Higher Supplies.
CACP Recommend For Hike In MSP Of Kharif Pulses 2020-21
Commodity
Kharif 2020-21
Kharif 2019-20
Percentage
Tur
6000
5800
3.45
Urad
6000
5700
5.26
Moong
7196
7050
2.07
Burma Lemon Tur: Desi turin Akola market fell by Rs 150 to Rs 5,375-5,400/100Kg due to sufficient availability to millsfor crushing of old raw Tur from Nafed and ongoing new arrivals.
Government agency is actively selling old raw Tur in the range of Rs 5,000-5,200/100kg as per quality at Maharashtra to the mills for processing, packaging and supply of processed Tur under PDS.
Millers are getting parity in crushing raw Tur for conversion, from government, despite reduced prices of Tur dal. Also millers are selling dals for government tenders.
Mills are operating at only 50% of their capacity, as migrant labours have migrated to their respective hometown due to lock down. Millers are dependant on local labours to run their mills due to which the pace of processing has been affected.
Similarly, Tur Lemon variety of Burma-origin eased by Rs 25 at Rs 5,000/100Kg in Mumbai. 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.
NAFED Procures Over 496491.25 MT (PSS)/ 125337.98 MT (PSF) Tur In Kharif-2019 Season So Far at Minimum Support Price of Rs 5,800.
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.
Tur ( Prices In Rs /100Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Mumbai
Lemon
5000
5025
5100
5650
Akola
Desi
5375-5400
5525-5550
5475-5500
6175-6200
Gulbarga
Desi
5200-5300
Closed
5000
6100-6200
Tur Dal ( Prices In Rs / 100Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Akola
Phatka
7600-7700
7800-7900
7700-7900
8500-8700
Gulbarga
Phatka
7500-7900
Closed
7500-7900
8700-8800
Katni
Phatka
8000-8100
8100-8200
8000-8100
8800-8900
Burma Urad: Burma Urad FAQ variety new dropped by Rs 250 to Rs 6,200/100Kg, at Mumbai as sellers were active in the market amid sluggish offtake in processed Urad, and liquidity crunch.
Moreover, Government reduces deadline for Urad import annual quota by 6 months.
Overseas supplies at Chennai port and summer crop arrivals is pressurising buyer sentiments.
Demand is impacted as Papad manufacturing units are closed due to lock down. Summers are the peak season for Papad manufacturing.
Around delivery of 1200 containers of Burma Urad from Chennai port likely to began from Tuesday. More, 550 containers expected to arrive at Chennai port before 31st May against quota allocated for the year 2019-20.
Moreover, arrivals of rabi crop polished Urad from Krishna district had also dampened the sentiments. Meanwhile, no sellers were active in Andhra Pradesh to liquidate below Rs 7,000/100Kg. But, continued decline in the prices of imported Urad may pressurise the sentiments. Urad gota variety traded in the range of Rs 8,700-8,800.
New summer crop Urad traded in the range of Rs 6,500-6,800/100kg at Jabalpur market of M.P. and Veraval of Gujarat.
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.
Experts believe that if the entire allocated quantity of Urad is imported, then the supply of 4 lakh tonne Urad will be seen in next three months.Meanwhile there is ongoing supply of summer and rabi Urad crop in India. This is bearish for Urad prices in near term.
Urad ( Prices In Rs / 100Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Mumbai FAQ
FAQ
6200
6450
6600
5000
Chennai
FAQ
6150-6175
6550-6575
NA
5050
Chennai
SQ
6700
7000
NA
6250
Jalgaon
Desi
6500-6900
6700-7150
6700-7100
5150-5600
Urad Dal ( Prices In Rs / 100Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Mumbai
9000/9500
9000/9500
9500-10000
6600-6800
Chana Kantewala (Indore):
Chana prices traded steady to weak in a narrow range at Rs 4,100-4,125/100Kg in Indore, amid limited mill buying to meet their immediate crushing requirements, ongoing arrivals. Movement of Chana prices in spot markets witnessed on fluctuation of Chana futures.
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 21, 2020, NAFED has successfully procured 673414.16 MT of Chana at Minimum Support Price of Rs 4,875.
Chana stocks at NCDEX accredited warehouses stood at 12748 metric tonnes as on 21st May, the exchange data showed.
As per market experts, Chana prices likely to trade in the narrow range for short term period due to ongoing arrivals and sufficient availability. Meanwhile, Chana prices were trading much below MSP. Ongoing procurements by government agency will support prices. Moreover, zero import quota of yellow peas for the current fiscal will support the prices.
Chana ( Prices In Rs / 100Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Mumbai
Australia
NA
NA
NA
4650
Tanzania
NA
NA
NA
NA
Burma
NA
NA
NA
4600
Indore
Katewala
4100-4125
4100-4125
4100-4125
4600-4625
Delhi
Rajasthan origin
4150
4200
4175-4200
4750
Akola
4040-4050
4025-4050
4050-4075
4700-4725
Bikaner
4080
NA
NA
4525
Chana Dal ( Prices In Rs / 100Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Akola
4900-5300
5100-5400
5100-5400
5500-6000
Indore
5100-5500
5400-5600
5400-5600
NA
Jaipur
4900
5050
5075
5600
Chana Besan ( Prices In Rs / 50Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Mumbai
3100
3130
3160
NA
Kabuli Chana ( Prices In Rs / 100Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Indore
40-42
NA
NA
NA
6450
42-44
6250
NA
NA
6250
44-46
6150
NA
NA
6050
Dollar
5200-5500
NA
NA
5000-5700
Mumbai
Sudan
NA
NA
NA
4550
Ethiopia
NA
NA
NA
4475
Russia
NA
NA
NA
4450
Burma
NA
NA
NA
4700
Masoor ( Prices In Rs / 100Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Mumbai
Canada
5500-5600
5600-5700
5700-5800
4100-4200
Australia
5700
5800
5900
4300
Mundra
Canada
5400
5475-5500
5575
NA
Hajira
Canada
5475
NA
NA
NA
Kolkata
Canada
5450-5500
5500-5600
5800
NA
Australia
5650-5700
5700
5950
NA
Indore
Desi
5250
5300-5350
5300
4250-4300
Raipur
Desi
5450-5500
5500
5325-5350
4500
Kanpur
Desi
5575
5575
5500
4550
Masoor Dal ( Prices In Rs / 100Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Khopoli
7100
7100
7200-7300
5100-5200
Katni
7000
NA
NA
5150
Imported Masoor (Mumbai):
Canada crimson variety and Australia origin Masoor slipped for second straight week in a row by Rs 100 to Rs 5,500-5,600 and Rs 5,700/100Kg, respectively at Mumbai, on millers refraining purchases at prevailing rates and consistent overseas supplies at Mumbai/Hazira/Mundra port.
Moreover, demand and sale counter in processed Masoor reported thin activity due to availability of sufficient stock at wholesale/retailer counters.
Similarly, desi Masoor prices remained weak by Rs 50-100 at Rs 5,250/100Kg at Indore on limited trade from local and outstation millers' against ongoing arrivals and following weak trend in imported Masoor.
As per Kolkata based trader, major pulses stock, such as Masoor had been damaged in godowns/mills due to recent rain because of Amphan cyclone.
As on May 21, 2020, NAFED has successfully procured 360.21 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.
Imported White Pea (Mumbai): Prices of White Pea widened losses for second straight week by Rs 75 at Rs 4,550-4,650/100Kg at Kanpur market amid thin mill buying and ongoing arrivals.
White Pea ( Prices In Rs / 100Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Mumbai
Canada
NA
NA
NA
4950
Kolkata
Canada
NA
NA
NA
NA
Kanpur
4550-4650
4675-4775
4725-4825
5000-5100
White Pea besan ( Prices In Rs / 50Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Mumbai
3650
3700
3700
NA
White Pea Dal ( Prices In Rs / 100Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Mumbai
7200
7400
7400
NA
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 two month due to lockdown and negligible stock.
Moong (Jaipur): Moong prices witnessed sharp fall at Jaipur market of Rajasthan, as per quality on increased arrivals of summer crop in Madhya Pradesh, Gujarat and Bengal and also millers less interested to purchase due to disparity at higher rate as demand and sale counter in processed Moong reported weak.
Stockiest are sidelined at current prices.
Arrivals of new summer crop is likely to be began in Bihar/Jharkhand/Uttar Pradesh from next month.
As on May 21, 2020, NAFED has successfully procured 270.21 MT of Moong at Minimum Support Price of Rs 7,050.
As per market talk, more fall of Rs 300-400/100Kg cannot be ruled out. But, moong prices likely to get support at lower rates due to lower kharif output and less availability with government agency and private traders. Millers will also prefers parity in crushing at lower rates.
Moong ( Prices In Rs / 100Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Jaipur
Kharif
8000-8200
9000-9300
9000-9150
5800-6600
Veraval
Summer
6500/6900
7200/7700
NA
NA
Harda
Summer
NA
7700/8350
NA
6200/6350
Moong Dal ( Prices In Rs / 100Kg )
Market
Variety
23-May-20
16-May-20
09-May-20
23-May-19
Jaipur
9200-9300
10700-10800
10500-10600
7900-8000
Gulbarga
11000
NA
11200
8300
Akola
NA
NA
NA
7500-8000
(By Commoditiescontrol Bureau; +91 9820130172)
Rate this story
Rated
0.0
Comment :
Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
0 Comments 
Post Comment 
