Login ID:
Password:
Partner Login
Contact Us : 7066511911

Weekly: Urad/Moong Plunge Most This Week; Masoor Firm

1 Jun 2020 9:12 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commodities control) – Urad, Moong and Tur prices remained weak for the week ended 30th May due to mills’ thin trade activity and ongoing arrivals. While Masoor and White Pea were firm on fresh low level buying. On the other hand, Chana prices stayed almost unchanged on limited buying and ongoing arrivals.


Meanwhile, demand slowdown in processed pulses due to sufficient quantities of stocks, liquidity crunch, and government policy had dampened the sentiments.

Week Highlights

# India Meteorological Department (IMD) said that the Southwest monsoon could hit Kerala soon around June 1.
# Madhya Pradesh Government raised the procurement deadline for Chana, Masur and Mustard crops, from farmers at MSP, to 10th June. Earlier, the last date for procurement of the crops was 30th May.
# sidelining the plea of selected importers, Centre has decided against any reduction in import duty levied on Masoor. Sources confirm that the duty is unlikely to be changed until August this year.
# 1671 Dal Mills To Import 4 Lk MT Urad By August 31.

Burma Lemon Tur:

Desi tur in Akola market gained by Rs 75-100 to Rs 5.450-5,500/100Kg due to mills’ buying activity at lower rates and also seasonal arrivals being below expectation due to less yield.

Monthly demand expected soon as purchasing from millers, retailers and wholesalers are hand to mouth.

Millers are getting parity in crushing raw Tur for conversion, from government. Millers are, also, selling dals for government tenders.

On the other hand, Tur Lemon variety of Burma-origin was priced weak by Rs 100 to Rs 4,900/100Kg in Mumbai, as millers prefer new domestic variety or old raw Tur with Nafed due to better quality and lower transportation costs over raw tur from nearby mandi.

NAFED Procures 507134.14 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.

Tur prices are likely to get support at lower rates due to less carryover stock. The millers/traders have been trading hand-to-mouth due to liquidity crunch and Government policy. Further price direction will depend on monsoon forecast.

Tur ( Prices In Rs /100Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Mumbai Lemon 4900 5000 5025 5600
Akola Desi 5450-5500 5375-5400 5525-5550 6125-6150
Gulbarga Desi 5200-5300 5200-5300 Closed 6000-6150
Tur Dal ( Prices In Rs / 100Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Akola Phatka 7650-7750 7600-7700 7800-7900 8400-8600
Gulbarga Phatka 7500-7900 7500-7900 Closed 8500
Katni Phatka 8050-8150 8000-8100 8100-8200 8550-8650


Burma Urad:

Burma Urad FAQ variety new gave up Rs 250, to Rs 5,950/100Kg, in Mumbai due to dull trade amid sluggish offtake in processed Urad, and liquidity crunch.

Overseas supplies at Chennai port and Rabi/Summer crop arrivals are pressurising buyer sentiments.

Meanwhile Government has reduced 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 a year old case now. SC has ordered that the hearing of this case be conducted at Jaipur High Court; decision to be announced within a month’s time.

However, Jaipur High Court postponed the Hearing On Pulses Import restriction until June 3, 2020.

As per Burma based trader, Indian buyers were active in purchasing Urad at lower rates and holding stock in Burma against deadline for Urad Import Annual Quota of 4 lakh MT to 31st August, 2020.

Around 30-40 containers of Urad FAQ/SQ varieties has set sail for India (Chennai). Urad FAQ traded at $665 per metric ton on FOB basis and SQ variety at $720.

As per market talk, Urad prices may get support at lower rates, but unlikely to sustain at higher rates due to regular supply from overseas and ongoing domestic arrivals.

Urad ( Prices In Rs / 100Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Mumbai FAQ FAQ 5950 6200 6450 4850
Chennai FAQ 5800 6150-6175 6550-6575 4875
Chennai SQ 6400 6700 7000 6100
Jalgaon Desi 6300-6800 6500-6900 6700-7150 5100-5450
Urad Dal ( Prices In Rs / 100Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Mumbai 8500-9000 9000-9500 9000-9500 6500-6700


Chana Kantewala (Indore):

Chana prices traded steady to firm in a narrow range at Rs 4,125-4,150/100Kg in Indore, amid mill buying to meet immediate crushing requirements and ongoing arrivals. Spot chana was seen tracking fluctuations in Chana futures.

Increased Pace of Chana procurement by government agency at MSP is supporting the prices at lower rates.

As per market sources, arrivals in domestic markets are likely to slow down, as farmers prefer to sell to government agency at MSP, instead of selling in open markets at lower rates. This is the reason due to which, millers aren't getting enough supplies of raw Chana for crushing.

Demand for chana dal and besan was thin at wholesale/retail counters due to availability of sufficient stock. Moreover NAFED's stock liquidation at selected states and higher output estimates will keep a check on prices.

As on May 28, 2020, NAFED has successfully procured 955093.67 MT of Chana at Minimum Support Price of Rs 4,875.

Chana ( Prices In Rs / 100Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Mumbai Australia NA NA NA 4600
Tanzania NA NA NA NA
Burma NA NA NA 4450
Indore Katewala 4125-4150 4100-4125 4100-4125 4475
Delhi Rajasthan origin 4100 4150 4200 4750
Akola 4050-4075 4040-4050 4025-4050 4650-4675
Bikaner 4050-4075 4080 NA 4600
Chana Dal ( Prices In Rs / 100Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Akola 5000-5300 4900-5300 5100-5400 5500-6000
Indore 5000-5400 5100-5500 5400-5600 NA
Jaipur 4825-4850 4900 5050 5600
Chana Besan ( Prices In Rs / 50Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Mumbai 3075 3100 3130 NA
Kabuli Chana ( Prices In Rs / 100Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Indore 40-42 NA NA NA 6150
42-44 NA 6250 NA 5950
44-46 NA 6150 NA 5750
Dollar 5100-5500 5200-5500 NA 4500-5200
Mumbai Sudan NA NA NA 4550
Ethiopia NA NA NA 4450
Russia NA NA NA 4375
Burma NA NA NA 4650


Imported Masoor (Mumbai):

Canada crimson variety and Australia origin Masoor moved higher by Rs 100 to Rs 5,600-5,700 and Rs 5,800/100Kg, respectively at Mumbai, on millers’ buying at lower rates.

Centre has decided against any reduction in import duty levied on Masoor, thereby, supporting prices.

Similarly, domestic Masoor traded higher by Rs 100-125/100Kg in major markets of Madhya Pradesh, Uttar Pradesh and Chhattisgarh, due to improved buying from local/outstation traders/millers at prevailing rates and below expectation ongoing arrivals.

As on May 28, 2020, NAFED has successfully procured 917.48 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, below expectation arrivals of rabi masoor crop and lesser acreage.

Masoor ( Prices In Rs / 100Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Mumbai Canada 5600-5700 5500-5600 5600-5700 4050-4150
Australia 5800 5700 5800 4250
Mundra Canada 5500 5400 5475-5500 NA
Hajira Canada 5550 5475 NA NA
Kolkata Canada 5550-5600 5450-5500 5500-5600 4100-4125
Australia 5700 5650-5700 5700 4300
Indore Desi 5350-5375 5250 5300-5350 4100-4150
Raipur Desi 5450-5500 5450-5500 5500 4300
Kanpur Desi 5700 5575 5575 4450
Masoor Dal ( Prices In Rs / 100Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Khopoli 7000 7100 7100 5100-5150
Katni NA 7000 NA 5000


Imported White Pea (Mumbai):

Prices of White Pea gained Rs 75 at Rs 4,625-4,725/100Kg at Kanpur market amid local and outstation mill buying.

However, limited trading activity 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
for over two months, due to lockdown and negligible stock.

Meanwhile, Supreme Court has once again handed over the case of pulses import to Jaipur High Court. This is nearly a year old case now. SC has ordered the hearing of this case to be conducted at Jaipur High Court, along with the decision to be announced within a month’s time.

However, Jaipur High Court Postponed Hearing On Pulses Import Restriction Till June 3, 2020.

Customs clearance of White Pea, in containers, at Mumbai and Chennai is pending. If decision of the court comes in favour of importers, prices may slip in the short term.

White Pea ( Prices In Rs / 100Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Mumbai Canada NA NA NA 4825
Kolkata Canada NA NA NA 5100
Kanpur 4625-4725 4550-4650 4675-4775 5025-5125
White Pea besan ( Prices In Rs / 50Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Mumbai 3600 3650 3700 NA
White Pea Dal ( Prices In Rs / 100Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Mumbai 7100 7200 7400 NA


Moong (Jaipur):

Moong prices extended losses at Jaipur market of Rajasthan, as per quality, on increased arrivals of summer crop in Madhya Pradesh and Gujarat.

Meanwhile, buying from millers was witnessed at lower rates for immediate requirement for crushing. But arrivals have slowed down at lower rates, as farmers are reluctant to sell at lower rates. Also M.P farmers are busy preparing their farms for soybean cultivation.

Millers from Delhi, Punjab, Maharashtra and Gujarat were active in purchasing new Moong from Madhya Pradesh for immediate requirement at lower rates.

However, demand and sale counter in processed Moong reported slowness. Stockiest are sidelined at current prices.

Arrival pressure of summer crop in Bihar/Jharkhand/Uttar Pradesh, from 1st week of June, may keep prices under pressure.

Locusts attack has hit summer moong crop in the districts of Madhya Pradesh and Uttar Pradesh. The attack happened just when farmers were preparing for a good harvest of moong.

As per market talk, moong prices are likely to get support at lower rates due to lower kharif output and lesser availability with government agency and private traders. Millers will also prefer parity in crushing at lower rates.

As on May 28 2020, NAFED has successfully procured 603.11 MT of Moong at Minimum Support Price of Rs 7,050.

Moong ( Prices In Rs / 100Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Jaipur Kharif 7100-7300 8000-8200 9000-9300 5500-6200
Veraval Summer 6400-7000 6500/6900 7200/7700 NA
Harda Summer 6000-6590 NA 7700/8350 5800-6140
Moong Dal ( Prices In Rs / 100Kg )
Market Variety 30-May-20 23-May-20 16-May-20 30-May-19
Jaipur 8100-8300 9200-9300 10700-10800 7700
Gulbarga 9900-10000 11000 NA 8200
Akola NA NA NA 7500-8000


(By Commoditiescontrol Bureau; +91 9820130172)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
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.
Name :  
Email :  
   

Top | Post Comment  

Top 5 News
USD/INR (Jul ‘20) – Inflection Point: Retesting Resista...
USD/CNY & USD/IDR
USD/MYR
USD/ARS & USD/BRL—
CRB Index & U.S. Dollar Index
Top 5 Market Commentary
India Spices Export Offer Price - 14 JULY 2020
Moong Dips At M.P/U.P/Rajasthan
Spot Cardamom Weakens
Chana Trade Mixed At Major Spot Markets
Maharashtra Sugar Mill Prices – 14 JULY 2020
Copyright © CC Commodity Info Services LLP. All rights reserved.